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Author Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer  (Read 1231316 times)
twelvesigns
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April 30, 2014, 10:33:26 AM
 #8861

Haha. I won't believe in the flower power till i see one!
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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naplam
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April 30, 2014, 10:33:41 AM
 #8862


Mine Vertcoin on CrunchPool, the most stable P2Pool node!
http://p2pool.crunchpool.com:9171

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April 30, 2014, 10:38:17 AM
 #8863

Flower Technology is claiming that their ASIC will support Scypt-N up to N=16384

https://litecointalk.org/index.php?topic=7930.1350

https://www.flowertechnology.com/wp-content/uploads/2014/04/Accouncement-290414.pdf

Quote from: Brock
Check www.flowertechnology.com for HUGE updates in regards to specs and two new units!!

ALSO: WE HAVE SECRETLY BEEN WORKING TO IMPLEMENT SUPPORT FOR SCRYPT-N SUPPORT UP TO N=16384!!!  We have been successful and now our ASIC is capable of mining any Scrypt-N coins such as Vertcoin

I think here not good place for Your scam preorders. We all know what preorders mean  first second Vertcoin community hard believes Decentralization and gpu/cpu mining that is one of the cores of this coin ideas so even if it will not be scam in which I doubt 99.99% We will simply change algo .So in all cases You can't sell  that asics here. Go in Doge and ltc threads.Read header We don't buying ASICS, We beating whem..
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April 30, 2014, 12:23:23 PM
Last edit: April 30, 2014, 01:49:23 PM by BorisTheSpider
 #8864

Game over, it seems.

Let's not get carried away shall we, given that FlowerTech are the same company that claimed about 6 weeks ago they would be able to mine Scrypt-N, and were found to be using pictures of Intel NICs on their site implying they were product photos.

CORRECTION: Someone pointed out to me that it was Bliss Devices and not FlowerTech who used pictures of Intel NICs in their marketing.
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April 30, 2014, 12:47:33 PM
 #8865

Game over, it seems.

Let's not get carried away shall we, given that FlowerTech are the same company that claimed about 6 weeks ago they would be able to mine Scrypt-N, and were found to be using pictures of Intel NICs on their site implying they were product photos.



Seriously.

I love how people go into a panic over something that doesn't even exist yet. All of a sudden they forget everything the devs have said in terms of what will be done if an ASIC is released that can mine N-Scrypt. I'm sure 90% of it is FUD creators/haters, but still. If you're scared sell now, I'm sure others would like some cheap coins Smiley
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April 30, 2014, 01:10:43 PM
 #8866

If Dev said he will hard fork in case Scrypt-N Asics are developed then why everyone is bothered about any of FlowerTech shit that is not even real on paper.
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April 30, 2014, 01:49:06 PM
 #8867


CORRECTION: Someone pointed out to me that it was Bliss Devices and not FlowerTech who used pictures of Intel NICs in their marketing.
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April 30, 2014, 03:02:00 PM
 #8868

Hello, I am trying install VTC wallet today for my first use, I found a strange things:

I use this thread link goto the https://www.vertcoin.org/, in the homepage there have two wallet download link  (middle and bottom location in homepage) , these link both pointing to https://github.com/vertcoin/vertcoin/releases

And then I download vertcoin-0.8.6.4-win32-setup.exe, it's 8.6MB, the files's MD5 value is 8f74fd1c159f739b2541b9e57eafc142

Before I use it, I used https://www.virustotal.com to scan the file, the result is 20/52 detection ratio say it's a virus!

Is that normal?
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April 30, 2014, 03:21:43 PM
 #8869

Hello, I am trying install VTC wallet today for my first use, I found a strange things:

I use this thread link goto the https://www.vertcoin.org/, in the homepage there have two wallet download link  (middle and bottom location in homepage) , these link both pointing to https://github.com/vertcoin/vertcoin/releases

And then I download vertcoin-0.8.6.4-win32-setup.exe, it's 8.6MB, the files's MD5 value is 8f74fd1c159f739b2541b9e57eafc142

Before I use it, I used https://www.virustotal.com to scan the file, the result is 20/52 detection ratio say it's a virus!

Is that normal?

Its detected as a "virus" because bitcoin is something falsely detected as such (due to the malware that out there) - its a false positive.


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bengx
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April 30, 2014, 03:22:45 PM
Last edit: April 30, 2014, 03:33:15 PM by bengx
 #8870

I have been thinking about it, I don't know if my line of thinking is right or not, but I just want to throw it out for your guys to critique and correct me where I'm wrong.

Here we go: These are built for Scrypt mining first right? So in order to maximize efficiency for Scrypt mining, there must be a balance between hashing cores and the amount of memory. Too many cores and not enough memory, you are not utilizing your cores to their potential. Too much memory and too little cores, die space is wasted.

So in the case of Scrypt mining (n=10), one would assume that the amount of memory available to the cores are exactly how much the cores need in order to maximize die space efficiency. You wouldn't want more memory than needed because that takes up precious die space, so we can assume the memory shipped is fixed exactly at how much n=10 mining needs.

Let's assume then that core:memory ratio is 1:1 to maximize die efficiency. When we look at n=11, the amount of memory needed per core is doubled. However, because fixed memory was specifically allocated for cores running at n=10, you now find yourself with "half" the usable memory since each core uses up double the memory. Now at n=11, your core:memory requirement is 1:2, and with a fixed amount of memory it means only half your total number of cores are utilized.

Looking at GPUs we have today, switching to n=11 immediately halves the hashrate and that is considering we have an abundance of memory. That means in the case of these "ASICs", mining at n=11 is probably going to cut the hash rate by 1/4, and another 1/4 for each increase in N Value.

One workaround is of course to provide more memory as overhead, but memory is expensive and die space is limited. As primarily Scrypt ASICs, it wouldn't make sense to increase production costs or by crippling Scrypt hashrates since that's what they are meant to do in the first place.

Of course all this is assuming reprogramming for Scrypt-N ASICs is even possible.

Again, this is what I think. It may or may not be wrong. Criticism is welcomed and I would gladly learn from others who have input on this matter.

Edit: Shitty drawing I made in paint to help visualize.
https://i.imgur.com/EWhWDMI.png[1] 
dunchy
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April 30, 2014, 03:25:42 PM
 #8871

If Dev said he will hard fork in case Scrypt-N Asics are developed then why everyone is bothered about any of FlowerTech shit that is not even real on paper.

Yes, but where will the devs hardfork if asic is capable to change N as well ? Don't mean to spread fud, I'm all in on vtc, but looks like things are moving a bit too fast ...
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April 30, 2014, 03:28:00 PM
 #8872

If Dev said he will hard fork in case Scrypt-N Asics are developed then why everyone is bothered about any of FlowerTech shit that is not even real on paper.

Yes, but where will the devs hardfork if asic is capable to change N as well ? Don't mean to spread fud, I'm all in on vtc, but looks like things are moving a bit too fast ...

it can't be hardforked forever i suppose lmao
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April 30, 2014, 03:29:46 PM
 #8873

Hello, I am trying install VTC wallet today for my first use, I found a strange things:

I use this thread link goto the https://www.vertcoin.org/, in the homepage there have two wallet download link  (middle and bottom location in homepage) , these link both pointing to https://github.com/vertcoin/vertcoin/releases

And then I download vertcoin-0.8.6.4-win32-setup.exe, it's 8.6MB, the files's MD5 value is 8f74fd1c159f739b2541b9e57eafc142

Before I use it, I used https://www.virustotal.com to scan the file, the result is 20/52 detection ratio say it's a virus!

Is that normal?

Its detected as a "virus" because bitcoin is something falsely detected as such (due to the malware that out there) - its a false positive.



I got it, but I uses many other Wallet-qt but they were only have very few positive. It weird.
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April 30, 2014, 03:48:45 PM
 #8874

hoping the coin do some change,  such as pos and more application
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April 30, 2014, 04:41:59 PM
 #8875

hoping the coin do some change,  such as pos and more application

We will never be adding PoS (never say never they say, but in this case, I feel quite comfortable saying never) - it's highly insecure.
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April 30, 2014, 04:44:38 PM
 #8876

Yes, but where will the devs hardfork if asic is capable to change N as well ?

To a different algorithm of course!

VTC is not an algorithm, it's a mindset - we will do whatever is necessary to beat ASICs.

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April 30, 2014, 04:46:44 PM
 #8877

I got it, but I uses many other Wallet-qt but they were only have very few positive. It weird.

Well, if you're concerned I would encourage you to gitian build it from source yourself using the howto at https://github.com/vertcoin/gitian.sigs.vtc and if you do please send a pull request with your sigs.
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April 30, 2014, 05:42:58 PM
 #8878

Hey boris, is anyone in the dev team purposely purchasing one of the flower tech asics just to actually test it's stats when mining vert? I'd be curious to know if it is as good or better than gpu mining at all. It probably isn't.

"You see, you and I, we believe in life. But you want to fight for it, to kill for it, even to die--for life. I only want to live it."  (Ayn Rand)
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April 30, 2014, 05:56:52 PM
 #8879


MON news: http://www.forexminute.com/litecoin/litecoin-inspired-vertcoin-announces-merged-mining-with-a-new-cryptocurrency-30545
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April 30, 2014, 05:57:53 PM
 #8880

Hey boris, is anyone in the dev team purposely purchasing one of the flower tech asics just to actually test it's stats when mining vert? I'd be curious to know if it is as good or better than gpu mining at all. It probably isn't.

No comment  Cool

Re it's performance, even FlowerTech won't know that yet (nor will they know power consumption) so really, it's complete vaporware at this stage
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