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

[styxical]

...so when can we expect the change of PoW?

The official stance was already stated... wait for these companies to waste their R&D money (and make sure they're not full of shit anyway) before making any changes.

[AlexGR]

As it appears the prime selling point of these are scrypt, but they just happen to also mine scrypt-n with a large number of N. So it won't be money lost really because they'd still perform their job as scrypt miners.

[styxical]

But why show our hand until we have to?

Also the fact that they are scrypt miners that can adapt to scrypt-N means they won't be fully optimized for mining scrypt (as much as they could be for a scrypt-only chip). Which means they will lose to their competitors. Which, if we then change our PoW, means money lost.

[xingqiaoyin]

http://blissdevices.com/tech-specs/

"Scryptr also provides a high level of flexibility to support mining of newer coins that are “fairer” to miners such as Vertcoin by allowing configurable Scrypt parameters. Also, the chip’s PCIe interface enables faster and greater data transfer speeds, if and when new algorithms require more network data."

http://www.reddit.com/r/scryptmining/comments/20x6r0/bliss_devices_announces_new_prices_on_scrypt/cg8xcd6

"Our chip supports configurable N parameters which allows it to mine N-factor scrypt up to N=262144, which is still about 35 years away."

...so when can we expect the change of PoW?

Are they even real ?
Why are you so keen to change something that is not yet broken ?
You're speaking of amputation about becoming a gunshot victim when you are so far from being a gunshot victim.
Hidden conspiring ASIC company ?  

[dotnetmin]

http://blissdevices.com/tech-specs/

"Scryptr also provides a high level of flexibility to support mining of newer coins that are “fairer” to miners such as Vertcoin by allowing configurable Scrypt parameters. Also, the chip’s PCIe interface enables faster and greater data transfer speeds, if and when new algorithms require more network data."

http://www.reddit.com/r/scryptmining/comments/20x6r0/bliss_devices_announces_new_prices_on_scrypt/cg8xcd6

"Our chip supports configurable N parameters which allows it to mine N-factor scrypt up to N=262144, which is still about 35 years away."

...so when can we expect the change of PoW?

Are they even real ?
Why are you so keen to change something that is not yet broken ?
You're speaking of amputation about becoming a gunshot victim when you are so far from being a gunshot victim.
Hidden conspiring ASIC company ?  

only somebody who want´s to make people unsure to stay on VTC.

read this and come down - http://www.reddit.com/r/vertcoin/comments/1zr9hy/faq_vertcoin_asicresistance_all_the_answers_you/

[AlterMiner]

http://blissdevices.com/tech-specs/

"Scryptr also provides a high level of flexibility to support mining of newer coins that are “fairer” to miners such as Vertcoin by allowing configurable Scrypt parameters. Also, the chip’s PCIe interface enables faster and greater data transfer speeds, if and when new algorithms require more network data."

http://www.reddit.com/r/scryptmining/comments/20x6r0/bliss_devices_announces_new_prices_on_scrypt/cg8xcd6

"Our chip supports configurable N parameters which allows it to mine N-factor scrypt up to N=262144, which is still about 35 years away."

...so when can we expect the change of PoW?

It is necessary 32Mb memory per thread for N=262144 (it is very huge memory volume). Need to make sure he was not lying.

[layyen]

No; https://vert.composedchaos.net will be only the pool web page.

There will be a backup soon.  In the meantime stratum will not be accessible at vert.composedchaos.net.  Email me directly and I can provide you a direct IP to use as backup.

Thank you

no problem, I ll wait for official backup uptime is without problems was just for sure

[rapsac]

http://blissdevices.com/tech-specs/

"Scryptr also provides a high level of flexibility to support mining of newer coins that are “fairer” to miners such as Vertcoin by allowing configurable Scrypt parameters. Also, the chip’s PCIe interface enables faster and greater data transfer speeds, if and when new algorithms require more network data."

http://www.reddit.com/r/scryptmining/comments/20x6r0/bliss_devices_announces_new_prices_on_scrypt/cg8xcd6

"Our chip supports configurable N parameters which allows it to mine N-factor scrypt up to N=262144, which is still about 35 years away."

...so when can we expect the change of PoW?

That leaves us 6 months or so to think things through.

I would suggest
- Get more brains on board for the PoW. Plan a tick-tock or tick-tick-tock scheme for updates to the PoW (tick is small change to the algo, like different primenumbers for the sha256, one extra hash round..)
- Work on a system to make hardforks easier. Users need to get used to more frequent client updates
- Make sure any hardforks do not change the parameters of the coin (rewards/blocktime/minability)

I also think a hardfork should happen before the release of the knc scrypt miner to show that vertcoin means business with its asic resistant claim.

[OPTiK]

I also think a hardfork should happen before the release of the knc scrypt miner to show that vertcoin means business with its asic resistant claim.

No.

A) The KnC miner isn't even advertised as a n-scrypt ASIC.
B) Why would you want an unnecessary hardfork when this ASIC hasn't even been released and proven to mine ASICs? Because you want to show VTC means 'business'? That would show the opposite.

[rapsac]

I also think a hardfork should happen before the release of the knc scrypt miner to show that vertcoin means business with its asic resistant claim.

No.

A) The KnC miner isn't even advertised as a n-scrypt ASIC.
B) Why would you want an unnecessary hardfork when this ASIC hasn't even been released and proven to mine ASICs? Because you want to show VTC means 'business'? That would show the opposite.

A: Did i imply knc was for scrypt-n? That was not what i meant. Take a look here: https://litecointalk.org/index.php?topic=11864.0
Roughly 2/3 of the litecoin community is not happy with the comming asics (and rightly so). These ppl are looking for an alternative and vertcoin could very well be that alternative. Get them while they are pissed off at litecoin.
b: Pls elaborate. You will have to get used to more frequent forks, if not or if the devs do not choose to do so then the asic resistant claims are as toothless as all other asic resistant coins have been and will be as any 'big' coin will get attacked by asics.

As i said before: this is a unique chance to be different from the other (failed, at least on asic resistance) coins. Vertcoin will have to do things different, and let people know they do things different.

I think i've spammed my view often enough, time for me to wait and see what will happen.
Just to recap:

Asics lead to centralisation
The fact that asic miners have a very low overhead and are very cheap to produce (<<$10 production, <$1 overhead (switching regulator)) means mining factories can be built for very low cost and a 51% attack in every conceivable form is possible and will happen if the coin has become a major player. I'm not going to say much of who is really in control over the coin once asics miners are the only ones left mining a coin.

Asics will be developed for any PoW when money is at stake

The only way to fight asics is to stay on top, more frequent forks, make some system to handle forks better, get users to expect forks and know what to do.

In very short: do you want the asic producers to run the coin or the community?

Over and out.

[tprogex]

Will vertcoin communicate its stand publicly? Will vertcoin when push comes to shove do the 'right' thing?

I don't know how many times we have to publicly say "VTC will hardfork if necessary to keep ASICs out" - we must have said it a hundred times!

I'll say it again, in case repetition number 101 will help - VTC will hardfork if that every becomes necessary to keep ASICs out. This isn't LTC, we're not going to suddenly decide to give up and capitulate in the face of a need to hardfork, we will do whatever is necessary to keep VTC decentralised and in part that means excluding ASICs by whatever means necessary.

Boris, i think a lot of people ( especially GPU miners ) including me are a bit  uncomfortable with the momentary situation in the whole market.
BTC is getting worse and worser and all other coins also. I would say nearly no coin is profitable to mine if you have to pay more than 0.15€ / kwh
(0,20uS$ / kwh ) mining with GPU´s. In germany it´s impossible. We have to pay between 0.25 and 0.35€ / kwh

All over discussions are around about statment from LTC devs and their comments around X11 and n-scrypt and an LTC hardfork.
Also a lot of post "nothing that is minable with a gpu is resitant against asics"

Here in the VTC area it´s compared with dark area very quiet. So i think maybe people are unsure how to go on now or maybe to shut down their
gpu based miners. You have to post more often VTC future plans and make people belive VTC could be their GPU mining future.

Boris had said it clearly "hardfork" that's the key to fight against ASIC.
Not sure how could he say it any clearer ?
I must assume that VTC had been coded to anticipate the need of hardforking from the start.

So why bother and update(its very painful) now as Now VTC ASIC Resistant.In Future don't worry We will always have asic Resistant coin  if . VTC Not changes algo after ASIC comes to VTC  Other GPU coin will come and get all gpus power.

[mega]

I really like this idea:

http://vertcoinmarket.com/campaigns/vertcoin-auction-site-like-ebay/#comment-818

Edit: I want to use VTC to buy and sell goods!!

[AmpedGoose]

The only way to fight asics is to stay on top, more frequent forks, make some system to handle forks better, get users to expect forks and know what to do.

Over and out.

If the wallets could be made to check for updates upon launching (or every so often while running), that would help the average 'user' a lot.

Dunno if a pure auto-update would be the best idea. But at least if the wallet checked if an update is available, and notified the user, perhaps also offering the option to 'download and install update now'. This would be sweet!

[rog1121]

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[casinocoin]

verters pool whats going on there?
I cpu mine here past few weeks and in past few minutes the hashrate for pool is 0

[rog1121]

verters pool whats going on there?
I cpu mine here past few weeks and in past few minutes the hashrate for pool is 0

Try https://vtc.rapidhash.net

Doing a 2% bonus right now

[Equate]

verters pool whats going on there?
I cpu mine here past few weeks and in past few minutes the hashrate for pool is 0

on which pool do you mine ?

[canopus]

verters pool whats going on there?
I cpu mine here past few weeks and in past few minutes the hashrate for pool is 0

VERTERS POOL is down?

[layyen]

Pay Per Share

PPS MINING POOL
VERT.COMPOSEDCHAOS.NET
https://vert.composedchaos.net
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Edit: question answered fast, everything is running fine

[rog1121]

2% Mining Bonus at Rapidhash Vertcoin Pool
Mine 102% of what you make

Great Community
Desktop / Tablet / Mobile Friendly Design
Active and Experienced Administrators (Part of the MPOS Dev Team)
DDOS Protected Servers
2% Mining Bonus for everyone
SSL Security
Load-Balanced Varible Difficulty Stratum Servers


https://vtc.rapidhash.net