Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer

[hashnine]

i sold all my fcking LTC for buy DRK and VTC

[deky_]

I`d like to hear from them on the issues of slower block propagation throughout the network with adaptive N algorithm, that Litecoin devs are talking about..

https://litecointalk.org/index.php?topic=18166.0

+1

[moonbat]

More stuff to buy with Vertcoin - now you can buy webhosting with VTC at http://www.cleverpuffin.com/

[PoolMingo]

2/10 rewarded with 20 VTC blocks found!

Come on you can be the next!

join now at http://vertcoin.mingopool.com . First 10 blocks finders will be rewarded with 20 VTC, not from the pool wallet, will be awarded from the admin wallet!

Give us some hashes! it will be worth!

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[rapsac]

I`d like to hear from them on the issues of slower block propagation throughout the network with adaptive N algorithm, that Litecoin devs are talking about..

https://litecointalk.org/index.php?topic=18166.0

Here is what i think (warning: rant)
The PoW for scrypt-n is slower than that of scrypt. Fact. The PoW of scrypt is slower than that of SHA256, also fact. What makes the slower PoW of scrypt-n any worse than the also slow scrypt? The answer: because litecoin said so. The time needed for validation depends on the PoW algo and of the speed of the hardware doing the validation. As computers/asics get faster the time needed decreases. So it used to take longer than it takes now. I can't draw any other conclusion from this.
There have been no obvious disadvantages for the slower PoW, not for scrypt and not for scrypt-n. I'm sure litecoin has a thorough analysis (fud) for that too, but i bet they forget to mention how slow their PoW was when litecoin was cpu minable only and how that caused those big problems then ... NOT!
I've read litecoin's reasoning for not changing the PoW, and they only talk more fud. Yes, changing a PoW is not easy and yes it will (for a short period of time) cause problems for users. But for a coin that was meant to be asic resistant the community should/would want it to remain true to its principles? The devs want a stable (unchanging) coin, well no-shit-sherlock! Maybe asics are the one thing that undermines just that?!
 
Ultimatly what is comes down to is what makes a coin a coin.

Properties of a coin:
- BEING ASIC RESISTANT or not or any other groundbreaking new development
- Block time
- Rewards for miners and transaction cost, max. coins
- any form of pre-mining
- The community and bussinesses that accept the coin
- and technically its PoW
The PoW is largely irrelevant to the coin's users, it is only there to support the rest of the coin's properties.
If any of the coin's properties is broken/threatened its users will expect that this will be solved! Hard fork or not. Asics threatening the coin's basic properties is for sure a good reason for a fork. If LTC had decided to fork when needed then most altcoins would be dead. Most altcoins only exist because the devs fail to support the most important properties of the existing coins.
I've said it before and will do so again; LTC is dead now asics have removed its only reason to exist. In 6 month LTC will follow FTC into oblivion. I can't think of any real reason for litecoin not to change its PoW, other than MONEY, DEV'S MONEY, ASIC-DEV'S MONEY and politics!

<edited for clarification/typos and a failed attempt to tame it down a bit>

[othe]

I`d like to hear from them on the issues of slower block propagation throughout the network with adaptive N algorithm, that Litecoin devs are talking about..

https://litecointalk.org/index.php?topic=18166.0

I quote myself now:

   Running 1500 scrypt hashes with N=2048 - 0.00109417 avg. sec per hash
    Running 1500 scrypt hashes with N=4096 - 0.00216536 avg. sec per hash
    Running 1500 scrypt hashes with N=8192 - 0.00450547 avg. sec per hash
    Running 1500 scrypt hashes with N=16384 -  0.00928228 avg. sec per hash
    Running 1500 scrypt hashes with N=32768 -  0.01895874 avg. sec per hash
    Running 1500 scrypt hashes with N=65536 -  0.04028997 avg. sec per hash
    Running 1500 scrypt hashes with N=131072 -  0.08082690 avg. sec per hash


just some hacked up test written in python on an  i5-4250U CPU @ 1.30GHz, this can and should be heavily optimized with AVX and whatever else will come up in the future.

even with the current gen hardware the next nfactor adjustments are fast enough to solve on every fullnode running client - mobile phones and co will use liteweight wallets anyway.

[spikers]

VERTCOIN MINING POOL VTCWEB.POOLZ.NET
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High Efficiency, fast payments
Almost 10% of the network, you won't wait for a block
One of the oldest VTC pools, trusted by many
STABLE AND DDoS PROTECTED

[Rmcdermott927]

Mine with us on our low latency P2Pool Server.  Based out of New York.     Here is the server info:

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moonhost.kicks-ass.org:9171/


(no need for stratum+tcp argument, just point your miner to the above address)

View your stats here: moonhost.kicks-ass.org:9171/static/


Standard Mpos server to follow in the next few days.








VTC Donate: VmFiTqr9ShDD6ya7sdHHED11s8Dpk9T5Hq
BTC Donate: 1JUkLED44U8M9KWLuCKBtsexoXQpNdc6CH

[CryptoWaves]

FYI

Today I opened new VTC pool at Coinotron.com

We already solved first block.

Legendary mining pool adds VTC!

[Spoetnik]

in case people are curious i did some cpu and gpu testing with nvidia and ati etc
i found that mining Vertcoin was close to 3x more profitable than mining Darkcoin.
So if you wanted darkcoins then mine VTC and buy them

also i think VTC is more honest.. Dark coin is a rip off of Quark and they won't give any credit to Quark at all and play dumb about it.
they also have all kinds of trickery involved from day one like parading it around as a cpu only coin and not posting gpu miner links on the ANN page description.
Even though there was gpu miners around since day 1 ! so they have exploited the rep of being a cpu only coin to get people involved.. scammy !
Screw Darkcoin and their scammy bullshit.. their title boasts claims they can't back up too.. it's also listed on the CPU only coin listing topic.

[markyminer]

I`d like to hear from them on the issues of slower block propagation throughout the network with adaptive N algorithm, that Litecoin devs are talking about..

https://litecointalk.org/index.php?topic=18166.0

Here is what i think (warning: rant)
The PoW for scrypt-n is slower than that of scrypt. Fact. The PoW of scrypt is slower than that of SHA256, also fact. What makes the slower PoW of scrypt-n any worse than the also slow scrypt? The answer: because litecoin said so. The time needed for validation depends on the PoW algo and of the speed of the hardware doing the validation. As computers/asics get faster the time needed decreases. So it used to take longer than it takes now. I can't draw any other conclusion from this.
There have been no obvious disadvantages for the slower PoW, not for scrypt and not for scrypt-n. I'm sure litecoin has a thorough analysis (fud) for that too, but i bet they forget to mention how slow their PoW was when litecoin was cpu minable only and how that caused those big problems then ... NOT!
I've read litecoin's reasoning for not changing the PoW, and they only talk more fud. Yes, changing a PoW is not easy and yes it will (for a short period of time) cause problems for users. But for a coin that was meant to be asic resistant the community should/would want it to remain true to its principles? The devs want a stable (unchanging) coin, well no-shit-sherlock! Maybe asics are the one thing that undermines just that?!
 
Ultimatly what is comes down to is what makes a coin a coin.

Properties of a coin:
- BEING ASIC RESISTANT or not or any other groundbreaking new development
- Block time
- Rewards for miners and transaction cost, max. coins
- any form of pre-mining
- The community and bussinesses that accept the coin
- and technically its PoW
The PoW is largely irrelevant to the coin's users, it is only there to support the rest of the coin's properties.
If any of the coin's properties is broken/threatened its users will expect that this will be solved! Hard fork or not. Asics threatening the coin's basic properties is for sure a good reason for a fork. If LTC had decided to fork when needed then most altcoins would be dead. Most altcoins only exist because the devs fail to support the most important properties of the existing coins.
I've said it before and will do so again; LTC is dead now asics have removed its only reason to exist. In 6 month LTC will follow FTC into oblivion. I can't think of any real reason for litecoin not to change its PoW, other than MONEY, DEV'S MONEY, ASIC-DEV'S MONEY and politics!

<edited for clarification/typos and a failed attempt to tame it down a bit>

VTC's problem right now is that it's price into BTC/FIAT is to low for anyone with GPU rigs paying $0.20 kwh or higher to breakeven on electricity costs due to it's slower hash rate for scrypt-n. But LTC is still slightly  profitable.

Personally I don't mine for the love of crypto, not using 2300 watts 24/7 over 8 gpus!  If it don't make a few $ a day over the cost of energy I just shut down. For this reason alone I have scrypt asics on order. We will need the next generations of AMD GPU with better hash/watt ratios to keep mining VTC long term.

I'm pretty sure the majority of miners don't do it for love!

M

[layyen]

hope the price will rise again, this should be only temporary, we will see, diff on ltc is not going up, sometimes it went down a bit, its not "good for vtc"  but when this will be opposite, then vtc will profit from this

[DRPD]

I`d like to hear from them on the issues of slower block propagation throughout the network with adaptive N algorithm, that Litecoin devs are talking about..

https://litecointalk.org/index.php?topic=18166.0

Here is what i think (warning: rant)
The PoW for scrypt-n is slower than that of scrypt. Fact. The PoW of scrypt is slower than that of SHA256, also fact. What makes the slower PoW of scrypt-n any worse than the also slow scrypt? The answer: because litecoin said so. The time needed for validation depends on the PoW algo and of the speed of the hardware doing the validation. As computers/asics get faster the time needed decreases. So it used to take longer than it takes now. I can't draw any other conclusion from this.
There have been no obvious disadvantages for the slower PoW, not for scrypt and not for scrypt-n. I'm sure litecoin has a thorough analysis (fud) for that too, but i bet they forget to mention how slow their PoW was when litecoin was cpu minable only and how that caused those big problems then ... NOT!
I've read litecoin's reasoning for not changing the PoW, and they only talk more fud. Yes, changing a PoW is not easy and yes it will (for a short period of time) cause problems for users. But for a coin that was meant to be asic resistant the community should/would want it to remain true to its principles? The devs want a stable (unchanging) coin, well no-shit-sherlock! Maybe asics are the one thing that undermines just that?!
 
Ultimatly what is comes down to is what makes a coin a coin.

Properties of a coin:
- BEING ASIC RESISTANT or not or any other groundbreaking new development
- Block time
- Rewards for miners and transaction cost, max. coins
- any form of pre-mining
- The community and bussinesses that accept the coin
- and technically its PoW
The PoW is largely irrelevant to the coin's users, it is only there to support the rest of the coin's properties.
If any of the coin's properties is broken/threatened its users will expect that this will be solved! Hard fork or not. Asics threatening the coin's basic properties is for sure a good reason for a fork. If LTC had decided to fork when needed then most altcoins would be dead. Most altcoins only exist because the devs fail to support the most important properties of the existing coins.
I've said it before and will do so again; LTC is dead now asics have removed its only reason to exist. In 6 month LTC will follow FTC into oblivion. I can't think of any real reason for litecoin not to change its PoW, other than MONEY, DEV'S MONEY, ASIC-DEV'S MONEY and politics!

<edited for clarification/typos and a failed attempt to tame it down a bit>

VTC's problem right now is that it's price into BTC/FIAT is to low for anyone with GPU rigs paying $0.20 kwh or higher to breakeven on electricity costs due to it's slower hash rate for scrypt-n. But LTC is still slightly  profitable.

Personally I don't mine for the love of crypto, not using 2300 watts 24/7 over 8 gpus!  If it don't make a few $ a day over the cost of energy I just shut down. For this reason alone I have scrypt asics on order. We will need the next generations of AMD GPU with better hash/watt ratios to keep mining VTC long term.

I'm pretty sure the majority of miners don't do it for love!

M

hmm i don't see a real difference at profitability atm btw ltc and vtc.
example with current price/diff atm:
8000 mhs scrypt / 4000 mhs scypt-n with 25 cents kwh:
ltc  -$5.13
vtc - $5.43
difference hardly worth mentioning ...
edit: calculated with 4000 Watts

[markyminer]

I`d like to hear from them on the issues of slower block propagation throughout the network with adaptive N algorithm, that Litecoin devs are talking about..

https://litecointalk.org/index.php?topic=18166.0

Here is what i think (warning: rant)
The PoW for scrypt-n is slower than that of scrypt. Fact. The PoW of scrypt is slower than that of SHA256, also fact. What makes the slower PoW of scrypt-n any worse than the also slow scrypt? The answer: because litecoin said so. The time needed for validation depends on the PoW algo and of the speed of the hardware doing the validation. As computers/asics get faster the time needed decreases. So it used to take longer than it takes now. I can't draw any other conclusion from this.
There have been no obvious disadvantages for the slower PoW, not for scrypt and not for scrypt-n. I'm sure litecoin has a thorough analysis (fud) for that too, but i bet they forget to mention how slow their PoW was when litecoin was cpu minable only and how that caused those big problems then ... NOT!
I've read litecoin's reasoning for not changing the PoW, and they only talk more fud. Yes, changing a PoW is not easy and yes it will (for a short period of time) cause problems for users. But for a coin that was meant to be asic resistant the community should/would want it to remain true to its principles? The devs want a stable (unchanging) coin, well no-shit-sherlock! Maybe asics are the one thing that undermines just that?!
 
Ultimatly what is comes down to is what makes a coin a coin.

Properties of a coin:
- BEING ASIC RESISTANT or not or any other groundbreaking new development
- Block time
- Rewards for miners and transaction cost, max. coins
- any form of pre-mining
- The community and bussinesses that accept the coin
- and technically its PoW
The PoW is largely irrelevant to the coin's users, it is only there to support the rest of the coin's properties.
If any of the coin's properties is broken/threatened its users will expect that this will be solved! Hard fork or not. Asics threatening the coin's basic properties is for sure a good reason for a fork. If LTC had decided to fork when needed then most altcoins would be dead. Most altcoins only exist because the devs fail to support the most important properties of the existing coins.
I've said it before and will do so again; LTC is dead now asics have removed its only reason to exist. In 6 month LTC will follow FTC into oblivion. I can't think of any real reason for litecoin not to change its PoW, other than MONEY, DEV'S MONEY, ASIC-DEV'S MONEY and politics!

<edited for clarification/typos and a failed attempt to tame it down a bit>

VTC's problem right now is that it's price into BTC/FIAT is to low for anyone with GPU rigs paying $0.20 kwh or higher to breakeven on electricity costs due to it's slower hash rate for scrypt-n. But LTC is still slightly  profitable.

Personally I don't mine for the love of crypto, not using 2300 watts 24/7 over 8 gpus!  If it don't make a few $ a day over the cost of energy I just shut down. For this reason alone I have scrypt asics on order. We will need the next generations of AMD GPU with better hash/watt ratios to keep mining VTC long term.

I'm pretty sure the majority of miners don't do it for love!

M

hmm i don't see a real difference at profitability atm btw ltc and vtc.
example with current price/diff atm:
8000 mhs scrypt / 4000 mhs scypt-n with 25 cents kwh:
ltc  -$5.13
vtc - $5.43
difference hardly worth mentioning ...
edit: calculated with 4000 Watts

I don't know many who in real world mining manage to achieve 50% of scrypt hashrate with scrypt-n. Best I can get stable on 7950's is 45%.  try the calculation x 0.45 of scrypt hashrate.

M

[aleks648]

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*Mining here supports the development of VTC.  25% of pool profits go to fund the ongoing dev of VTC.

Please send some hash back our way.

Look forward to seeing you all soon!

Aleks_N

[DRPD]

I`d like to hear from them on the issues of slower block propagation throughout the network with adaptive N algorithm, that Litecoin devs are talking about..

https://litecointalk.org/index.php?topic=18166.0

Here is what i think (warning: rant)
The PoW for scrypt-n is slower than that of scrypt. Fact. The PoW of scrypt is slower than that of SHA256, also fact. What makes the slower PoW of scrypt-n any worse than the also slow scrypt? The answer: because litecoin said so. The time needed for validation depends on the PoW algo and of the speed of the hardware doing the validation. As computers/asics get faster the time needed decreases. So it used to take longer than it takes now. I can't draw any other conclusion from this.
There have been no obvious disadvantages for the slower PoW, not for scrypt and not for scrypt-n. I'm sure litecoin has a thorough analysis (fud) for that too, but i bet they forget to mention how slow their PoW was when litecoin was cpu minable only and how that caused those big problems then ... NOT!
I've read litecoin's reasoning for not changing the PoW, and they only talk more fud. Yes, changing a PoW is not easy and yes it will (for a short period of time) cause problems for users. But for a coin that was meant to be asic resistant the community should/would want it to remain true to its principles? The devs want a stable (unchanging) coin, well no-shit-sherlock! Maybe asics are the one thing that undermines just that?!
 
Ultimatly what is comes down to is what makes a coin a coin.

Properties of a coin:
- BEING ASIC RESISTANT or not or any other groundbreaking new development
- Block time
- Rewards for miners and transaction cost, max. coins
- any form of pre-mining
- The community and bussinesses that accept the coin
- and technically its PoW
The PoW is largely irrelevant to the coin's users, it is only there to support the rest of the coin's properties.
If any of the coin's properties is broken/threatened its users will expect that this will be solved! Hard fork or not. Asics threatening the coin's basic properties is for sure a good reason for a fork. If LTC had decided to fork when needed then most altcoins would be dead. Most altcoins only exist because the devs fail to support the most important properties of the existing coins.
I've said it before and will do so again; LTC is dead now asics have removed its only reason to exist. In 6 month LTC will follow FTC into oblivion. I can't think of any real reason for litecoin not to change its PoW, other than MONEY, DEV'S MONEY, ASIC-DEV'S MONEY and politics!

<edited for clarification/typos and a failed attempt to tame it down a bit>

VTC's problem right now is that it's price into BTC/FIAT is to low for anyone with GPU rigs paying $0.20 kwh or higher to breakeven on electricity costs due to it's slower hash rate for scrypt-n. But LTC is still slightly  profitable.

Personally I don't mine for the love of crypto, not using 2300 watts 24/7 over 8 gpus!  If it don't make a few $ a day over the cost of energy I just shut down. For this reason alone I have scrypt asics on order. We will need the next generations of AMD GPU with better hash/watt ratios to keep mining VTC long term.

I'm pretty sure the majority of miners don't do it for love!

M

hmm i don't see a real difference at profitability atm btw ltc and vtc.
example with current price/diff atm:
8000 mhs scrypt / 4000 mhs scypt-n with 25 cents kwh:
ltc  -$5.13
vtc - $5.43
difference hardly worth mentioning ...
edit: calculated with 4000 Watts

I don't know many who in real world mining manage to achieve 50% of scrypt hashrate with scrypt-n. Best I can get stable on 7950's is 45%.  try the calculation x 0.45 of scrypt hashrate.

M

i use 11 x Asus r9 280x
normal scrypt 720 - 740 kh/s (depends a bit on coin and setting)
scrypt-n = 360 - 370 kh/s (no overclocking)
so in fact i get 50%  and my calculation is right for my card. can not speak for your card ...

[BorisTheSpider]

I`d like to hear from them on the issues of slower block propagation throughout the network with adaptive N algorithm, that Litecoin devs are talking about..

It's really a non-issue - here is current BTC propogation: http://bitcoinstats.com/network/propagation/

Block validation is for sure more intensive on VTC than on normal scrypt, but the difference is insignificant in the context of modern hardware.

[PoolMingo]

2/10 rewarded with 20 VTC blocks found!

Come on you can be the next!

join now at http://vertcoin.mingopool.com . First 10 blocks finders will be rewarded with 20 VTC, not from the pool wallet, will be awarded from the admin wallet!sou you'll receive pool earnings + 20VTC!

Give us some hashes! it will be worth!

AUTOMATED PAYMENTS
ONLINE SUPPORT
24/7 monitoring
Stratum
0% FEE
DDOS protection
PPLNS
VARDIFF
Powerfull server

WWW.MINGOPOOL.COM
DOGECOIN - 365 coin - CleanWaterCoin-  Vertcoin - RotoCoin - CatalonianCoin


CHAT CHANNEL #MINGOPOOL AT FREENODE

http://vertcoin.mingopool.com

[JohnnyDaMitch]

I don't know many who in real world mining manage to achieve 50% of scrypt hashrate with scrypt-n. Best I can get stable on 7950's is 45%.  try the calculation x 0.45 of scrypt hashrate.

M

i use 11 x Asus r9 280x
normal scrypt 720 - 740 kh/s (depends a bit on coin and setting)
scrypt-n = 360 - 370 kh/s (no overclocking)
so in fact i get 50%  and my calculation is right for my card. can not speak for your card ...

Yeah I get 50% too.

[zero3112]

I don't know many who in real world mining manage to achieve 50% of scrypt hashrate with scrypt-n. Best I can get stable on 7950's is 45%.  try the calculation x 0.45 of scrypt hashrate.

M

i use 11 x Asus r9 280x
normal scrypt 720 - 740 kh/s (depends a bit on coin and setting)
scrypt-n = 360 - 370 kh/s (no overclocking)
so in fact i get 50%  and my calculation is right for my card. can not speak for your card ...

Yeah I get 50% too.

I am not getting any pool confirms what miner does this coin use. scrypt not working.