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fonyo
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December 05, 2014, 10:57:34 PM |
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It's just my opinion, but I am 100% there is no such thing as ASIC proof. If there is real value to it, an asic will be created. That's just how it works.
I guess that's why, after investing in KnC's Titan miner you are now hoping to recover your money via VTC and other Scrypt-N coins after it is no longer feasible to do so with Litecoin? +1 ASICs are nothing but trouble for all. Get into Bitcoin mining if you want madness (and you don't like sleeping). Expect the coming days many cheap coins, before vert update
- people with ASIC will always sell for BTC and then for $$$$
they have to pay expensive ASIC
they don't believe in any coin, only interest them money right now
+1 Exactly. Ironically, each Titan coming online and mining VTC brings about the fork even faster. I think I like how this works  Not really. The difficulty will retarget it, I suppose. |
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fonyo
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December 05, 2014, 11:01:03 PM |
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A huge thank you to James and the dev team for their hard work. We shall not forget the community donations, either. Thank you all! |
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replicator
Newbie
 Offline
Activity: 17
Merit: 0
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December 05, 2014, 11:10:20 PM |
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Ironically, each Titan coming online and mining VTC brings about the fork even faster. I think I like how this works Not really. The difficulty will retarget it, I suppose. You're right, forgot that VTC retargets after each block. |
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etang600
Newbie
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Activity: 27
Merit: 0
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December 05, 2014, 11:14:32 PM |
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Not yet....
Asics are unavoidable and should be embraced as a natural evolution of a coin. ... sad.
What makes you think so? Your fighting a losing battle by continuing to change your algo over and over once an asic is able to mine. A successful coin will never be mined by GPU and CPU only because there is value to the coin. If there is value to something, someone will create a better way to mine it which in the end helps create network security. This is the basis of crytpo and any coin fighting it will lose eventually. Right, thats why litecoin was over $50 at one point while being mined by gpu's and cpu's. Now that asics hit them the coin value and plummeted, but yeah look at that network security . |
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jamesl22
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December 05, 2014, 11:31:16 PM |
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64-bit Linux qt wallet released. 32-bit will follow in the next few hours. EVERYONE MUST UPDATE THEIR WALLETS NOW!Wallet downloads:Miners: (Thanks to djm43 for his great work on this!) Other software:You guys can help by contacting your pool operator/any Vertcoin related services you use and asking them to update to the latest wallet. Just pushed ccminer... |
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fonyo
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December 05, 2014, 11:40:13 PM |
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Ironically, each Titan coming online and mining VTC brings about the fork even faster. I think I like how this works Not really. The difficulty will retarget it, I suppose. You're right, forgot that VTC retargets after each block. It's good because I want to put sgminer through some thorough testing. |
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asemov
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December 05, 2014, 11:43:52 PM |
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can you provide update for nomp stratum ?
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jamesl22
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December 05, 2014, 11:46:51 PM |
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can you provide update for nomp stratum ?
Quite possibly, although I am no expert on node and NOMP is no longer being developed... |
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asemov
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December 06, 2014, 12:36:48 AM |
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can you provide update for nomp stratum ?
Quite possibly, although I am no expert on node and NOMP is no longer being developed... OK, I believe I managed to patch the stratum server with Lyra2RE support (Shares are getting accepted)  Should I start the pool now or I have to wait until the hardfork block pass ? |
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jamesl22
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December 06, 2014, 12:38:43 AM |
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can you provide update for nomp stratum ?
Quite possibly, although I am no expert on node and NOMP is no longer being developed... OK, I believe I managed to patch the stratum server with Lyra2RE support (Shares are getting accepted) Should I start the pool now or I have to wait until the hardfork block pass ? Oh sweet, could you host the changes on github or send the code to me so I can host it for others? Only run it after the fork block, the wallet will reject all block solutions otherwise. |
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poiuty
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December 06, 2014, 05:09:32 AM |
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stratum+tcp://92.27.201.170:9174/ |
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sammy007
Legendary
Offline
Activity: 1904
Merit: 1003
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December 06, 2014, 08:30:50 AM |
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Is Lira2RE on testnet now? if so, could you share nodes? Can't get it to start syncing.
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silencesilence
Legendary
Offline
Activity: 1120
Merit: 1000
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December 06, 2014, 09:54:33 AM |
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Would someone explain in detail how Vertcoin will be a Multipool resistant ..... what has changed in the algorithms for Multipool resistant
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MaxDZ8
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December 06, 2014, 10:06:27 AM |
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Multipools will have to update their software to match Lyra2RE.
If they just copy-paste the code, odds are they won't be profitable. A new elite kernel will have to be developed.
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sammy007
Legendary
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Activity: 1904
Merit: 1003
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December 06, 2014, 10:13:13 AM |
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Would someone explain in detail how Vertcoin will be a Multipool resistant ..... what has changed in the algorithms for Multipool resistant
Multipool resistance is a bullshit. Miners will update software, multipools will adopt it in a hour. |
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MaxDZ8
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December 06, 2014, 01:11:20 PM |
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I honestly don't think they can deploy the elite kernel in an hour or one day.
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TheCoinFinder
Legendary
Offline
Activity: 938
Merit: 1001
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December 06, 2014, 01:32:05 PM |
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Would someone explain in detail how Vertcoin will be a Multipool resistant ..... what has changed in the algorithms for Multipool resistant
Multipool resistance is a bullshit. Miners will update software, multipools will adopt it in a hour. Its not a multipool if there is only one coin for it. |
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muddafudda
Legendary
Offline
Activity: 1008
Merit: 1022
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December 06, 2014, 02:53:08 PM |
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Actually the new algo is a downgrade on Scrypt Jane which was released 2 years ago. As you are all aware Scrypt Jane has 7 hashing functions Sha256, Sha512, Blake256, Blake512, Skein512, Keccak256 and Keccak512 will your miracle new function has 5 and took months to complete.
Scrypt Jane is still ASIC resistant. Not sure what exactly your trying to sell here but it quite obviously is a downgrade on 2 year old code. Shame really, try something a little more unique next time maybe.
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volyova
Legendary
Offline
Activity: 910
Merit: 1000
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December 06, 2014, 03:06:07 PM |
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Actually the new algo is a downgrade on Scrypt Jane which was released 2 years ago. As you are all aware Scrypt Jane has 7 hashing functions Sha256, Sha512, Blake256, Blake512, Skein512, Keccak256 and Keccak512 will your miracle new function has 5 and took months to complete.
Scrypt Jane is still ASIC resistant. Not sure what exactly your trying to sell here but it quite obviously is a downgrade on 2 year old code. Shame really, try something a little more unique next time maybe.
New people, don't trust what this guy says, he doesn't know anything.  |
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