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Author Topic: ✅|VECT| Vectorium Flash ⚡ Equihash 192_7 - NO PREMINE - ⚒ SOLO POOLS ⚒ BOUNTY  (Read 1499 times)
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jacko0088
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May 31, 2019, 06:21:12 PM
Last edit: July 04, 2019, 01:19:16 PM by jacko0088
Merited by bhokor (10)
 #1

[disclaimer: I'm not the coin owner, I'm helping the project as a programmer and miner. PS: this is a moderated topic, any kind of SPAM,FUD and non costructive post will be removed. Thank you.]

Vectorium Flash



Technical Specs

Ticker: VECT
Algorithm: Vectorium Equihash (192,7)
Initial supply: no premine
Max supply: Unlimited, but it can be reduced by burning process
Block Interval: 30 seconds
Coins for block: 1 + tx fees
Transaction Confirmation: 10 Blocks
Coin Maturity: 100 Blocks

Vectorium Video --> https://youtu.be/FP1gg3xv5Ws

Official Website
https://www.vectorium.co

Social
Facebook --> https://www.facebook.com/VectoriumSocial/
Twitter --> https://twitter.com/VectoriumSocial
Youtube --> https://www.youtube.com/channel/UC9qZAQ1VgEa1H_xCEy4TzEA
Telegram --> https://t.me/joinchat/KyuCg0wEKOict0eer9Ijjw
Discord -->https://discord.gg/UgWnUeh

Useful links
https://medium.com/@vectorium.flash/the-crypto-currency-that-transforms-electricity-into-bitcoin-21f55a989bf6
https://blockchaindynamix.com/
https://mineshaft.io/coins/5843
https://deskgram.net/explore/tags/vectorium
https://www.coinlore.com/ko/exchange/finexbox
https://miningpoolstats.stream/vectorium
http://www.wabi.com/coins/vectorium

Desktop Wallets
https://github.com/Vectorium-project/vectorium-flash/releases

Web Wallets
https://wallet.vectorium.co/ (do not use for mining!)

Block Explorer
http://explorer.vectorium.co/

Source code

https://github.com/Vectorium-project
https://github.com/Vectorium-project/vectorium-flash
https://github.com/Vectorium-project/vectorium-flash-swing

Pools

Official Solo pool  (1% fee - ~0.01COIN/block)--> http://pool.vectorium.co/

Exchanges

ExMarkets --> https://exmarkets.com/trade/vect-btc

FinexBox --> https://www.finexbox.com/market/pair/VECT-BTC.html

What is and what's the technology behind it
(courtesy of mycryptopedia.com)


Vectorium Flash is a mineable coin based on a whole new blockchain technology. It’s the core asset of the new Crypto Energy project that will lead us into a new era, the aim of the whole project is change the way we actually use and exchange electricity in order to allow electric power to be peer to peer tradeable. Vectorium Flash is an equihash based coin mineable from everyone, and brings some core assets from lastest Zcash 2.0 codebase implementing sapling and overwinter security support. A faster blocktime allows you to send and receive coins in a matter of milliseconds.

Transparent and Shielded adresses explained

Transparent addresses on the Vectorium protocol are equivalent to public addresses on the Bitcoin protocol, and thus, function in much same way. All transparent addresses, during a transaction, interact with what is known as the Transparent Value Pool, or TVP for short. The TVP is what publicly reveals transaction data, allowing it to be viewed on the Vectorium blockchain by anyone. Shielded addresses on the other hand, encrypts transaction data and requires the generation of zk-SNARKs in order to verify the transaction’s validity. Shielded addresses bring an increased level of privacy and security compared to transparent addresses.

Read more at Vectorium Flash Whitepaper


(image courtesy of z.cash)

What is sapling?

Sapling is a network upgrade that introduces significant efficiency improvements for shielded transactions that will pave the way for broad mobile, exchange and vendor adoption of VectoriumFlash shielded addresses.

Performance for shielded addresses:Payments involving the new Sapling z-addresses can be constructed in as little as a few seconds and with only 40 megabytes of memory.
Decoupled spend authority:Allows the hardware that constructs the zero-knowledge proof to be independent from the hardware that signs for the transaction.
Improved keys:Full viewing keys allow owners of shielded addresses the ability to view incoming and outgoing transaction details without exposing their private spending key.

What is overwinter?

Overwinter, firstly introduced from Zcash is the first network upgrade for Vectorium Flash. Its purpose is strengthening the protocol for future network upgrades. It includes versioning, replay protection for network upgrades, performance improvements for transparent transactions, a new feature of transaction expiry, and more.

Why choose Equihash 192_7?
The Equihash algorithm can be viewed as an attempt to curb ASIC mining centralization, which is why the Equihash algorithm is often referred to as being ASIC-resistant. The algorithm prevents ASIC centralization by ensuring that the generation of a proof is memory-intensive. Because memory is an expensive resource in computing, optimizing for memory on an ASIC chip will come at a large computational cost to the user. For example, as Biryukov and Khovratovich noted, the majority of desktops and laptops at market can handle 1GB of RAM, whereas 1GB of memory on a chip is expensive. Thus, the use of ASIC chips on the Equihash algorithm is intended to be less efficient and powerful when compared to mining on memoryless algorithms.

In this case Vectorium Flash uses the 192_7 equihash variant, which requires atleast 4GB of available RAM space for processing and validate new blocks, definetly kicking off ASICs and FPGAs.

Why choose the closed solo pool system?

We strongly believe that pure decentralization does not exists. We learnt it with masternodes, we learnt it with PoS systems and even with Bitcoin PoW. Just because it's the nature of the world we live in: someone will always have more than others. This can be more coins or more hash power. So we did a trade off. We traded some centralization for better supply distribuition: that's why the solo pool system was born.


Servers equipped with the latest custom software provide everyone a simple way to collect more coins fairly. It’s time to say goodbye to 51% attacks and big ASIC pool hoppers. Every worker has hashrate limits and access to new blocks is priorityzed to little miners.

What's the benefits of Vectorium Flash?

VectoriumFlash was born to unleash the full power of blockchain transactions, at lightning speeds. In this days cryptocurrency mining requires a high electricity cost. Basically VECT is not a speculation coin but a crypto which aims to reach a fixed valued related to electricity. You'll soon be able to burn your coins for a for electricity generated by a Vectorium Consortium (Islands) or a different electricity producer that is part of the Vectorium Consortium.

• Super fast transactions
• Strong anti ASIC/FPGA algo
• Dedicated solo mining system on community pools
• Can be burned and converted in actual power (kW)







Partners & Collaborators



Vectorium Flash's Bounty translations program

Every first translator receives 200 VECT. Be the first to post a translation link with your receiving address to get credit.

Arabic --> https://bitcointalk.org/index.php?topic=5150186.0
Indonesian --> available
Spanish --> available
Chinese --> available
Croatian --> available
German --> available
Greek --> available
Hebrew --> available
French --> available
India --> available
Italian --> available
Japanese --> available
Dutch --> available
Korean --> available
Pilipinas --> available
Polski --> available
Portugueses --> available
Russians --> available
Romanians --> available
Turkish --> available
Estonian --> available


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jacko0088
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May 31, 2019, 06:32:28 PM
Last edit: June 18, 2019, 08:04:20 PM by jacko0088
 #2

Check out Vectorium Plus IEO here --> https://bitcointalk.org/index.php?topic=5155831  Smiley


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May 31, 2019, 06:32:39 PM
 #3

Reserved.

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June 01, 2019, 07:45:51 AM
 #4

Always is good to see no premined coins with the possibility of solo mining and with anonymation options, i will be watching and  lets see where the project  can arrive,  , i really like the equihash algo it seems for me like a long term algo
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June 01, 2019, 07:48:09 AM
 #5

Cool project! I like the way they used for the supply distribuition. Actually is centralized but at the same time even with a gtx1050 I get easilly some coins. Its the first coin I see with a solo system, it could work!
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June 01, 2019, 07:46:02 PM
 #6

Another zcash clone coin. Hope they offer enough uniqueness.

Solo mining. Cool I like that idea especially for new low difficulty coins.

How do you convert coins to kwatt exactly? Will a energy company give you some sort of credit? I'd like to see this proven out before I speculate and mine this.

To me this is a shitcoin till proven otherwise. Happy mining.


jacko0088
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June 01, 2019, 08:52:22 PM
 #7

Another zcash clone coin. Hope they offer enough uniqueness.

Solo mining. Cool I like that idea especially for new low difficulty coins.

How do you convert coins to kwatt exactly? Will a energy company give you some sort of credit? I'd like to see this proven out before I speculate and mine this.


Actually Vectorium Flash is a tiny portion of a bigger project. The main goal of the Team is develop and build green electricity production factories (powered by wind,solar, sea and sublimators systems) called Vectorium Consortiums (or Vectorium Islands).

I guess the energy company you're referring to is a group of multiple consortiums  Smiley

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June 02, 2019, 04:10:43 PM
Last edit: June 02, 2019, 04:43:23 PM by jacko0088
 #8

@trucobit there's always room for a civil talk here, if you wish.
Spreading nonsense all over the place it's just stupidity. Read the ANN well, read the whitepaper and learn why mining was tought as a solo pools limited system.
Vectorium's source code is open and available to everyone, with it's own consensus rules.
I have no problem deleting fud replies all the day, it's just up to you. Words without proofs are just hot air.

By the way, it's pretty sad seeing a bitcointalk member with almost 500 activity points react like this. There's an hashrate limit (per single rig) on the official solo pool, and that should not be exceded. If you don't even know how to limit your rig hashrate (by disabling cards like other miners are doing for istance) it's not  devs fault.

Have a good evening Smiley

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June 03, 2019, 12:47:31 AM
 #9

How can a unlimited supply be reduced by coin burning?
You could burn every amount its still unlimited?
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June 03, 2019, 01:02:59 AM
 #10

happy to see a new project from a miner. I want to join you supporting this project using my skill, so if you need Arabic translation just sent to me pm i will make the fast as possible.
so keep it up.
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June 03, 2019, 01:17:16 AM
 #11

How can a unlimited supply be reduced by coin burning?
You could burn every amount its still unlimited?

The key question is how, being all the Italian team, they ask for the translation of the English page into Italian. You just have to see his website and his workers, they are all Italian. It is something that makes me distrust.
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June 03, 2019, 01:28:21 AM
Last edit: June 03, 2019, 01:40:50 AM by yanoaziz
 #12

hello
I want to announce that I translate your ann. the first thing is this price for translation is too low 200Vectorium that equal ~30000sat not enough. so just change this plz.
link to translation https://bitcointalk.org/index.php?topic=5150186.0

addy V1eVE7vEVVSi5sSDqAT5hQ6XPJuiLZLDZbx
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June 03, 2019, 02:55:47 AM
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hello
I want to announce that I translate your ann. the first thing is this price for translation is too low 200Vectorium that equal ~30000sat not enough. so just change this plz.
link to translation https://bitcointalk.org/index.php?topic=5150186.0

addy V1eVE7vEVVSi5sSDqAT5hQ6XPJuiLZLDZbx


It is incredible, the withdrawal fee of BTC in Finexbox is 0.002 BTC, 200,000 satochis, 18 $ for withdrawing any amount of BTC.

Since the currency only exists in this exchange, you have to pay approximately 10 times more in FEE than for example binance safetrade 30,000 Binance 50,000 ... It is crazy to use that exchange for the currency. You have to mine a lot just to pay for the Fees

If you get 300,000 satochis selling VECT, you've really only won 100,000, because you have to pay the withdrawal.

Finexbox is one of the worst exchanges in the world. Easy to enter for the currency, almost free to add the currency, but then charge huge commissions to the users.
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June 03, 2019, 08:59:14 AM
 #14

How can a unlimited supply be reduced by coin burning?
You could burn every amount its still unlimited?

I guess devs meant the "current circulating supply",  Smiley

hello
I want to announce that I translate your ann. the first thing is this price for translation is too low 200Vectorium that equal ~30000sat not enough. so just change this plz.
link to translation https://bitcointalk.org/index.php?topic=5150186.0

addy V1eVE7vEVVSi5sSDqAT5hQ6XPJuiLZLDZbx


Hello yanoaziz, currently 200 COINS are more than 2 weeks mining with a single card and since this wasn't a premined coin I'm sending those rewards withmy own private address
Here's your txid --> http://explorer.vectorium.co/tx/4a76f7574070f84249c8d05ab9ab08d89dcfe4ebd5d18e0693cf61e9b9e4733f

Thanks for your support! Smiley

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June 03, 2019, 09:08:44 AM
 #15

hello
I want to announce that I translate your ann. the first thing is this price for translation is too low 200Vectorium that equal ~30000sat not enough. so just change this plz.
link to translation https://bitcointalk.org/index.php?topic=5150186.0

addy V1eVE7vEVVSi5sSDqAT5hQ6XPJuiLZLDZbx


It is incredible, the withdrawal fee of BTC in Finexbox is 0.002 BTC, 200,000 satochis, 18 $ for withdrawing any amount of BTC.

Since the currency only exists in this exchange, you have to pay approximately 10 times more in FEE than for example binance safetrade 30,000 Binance 50,000 ... It is crazy to use that exchange for the currency. You have to mine a lot just to pay for the Fees

If you get 300,000 satochis selling VECT, you've really only won 100,000, because you have to pay the withdrawal.

Finexbox is one of the worst exchanges in the world. Easy to enter for the currency, almost free to add the currency, but then charge huge commissions to the users.

Finexbox was choosed because of their P2P platform (that's why sometimes can be seen as a slow system..but it works). Of course devs are planning to add VECT on other exchanges by the end of July (actually the market listing was planned for the end of this month). We can blame a non consistent marketing campaign for low market liquidity right now. But imho we shouldn't be worried right now, they said multiple times on Telegram,Facebook and Discord that the marketing campaign will start side by side with the other Vectorium Plus coin (which should be an IEO) Smiley

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June 03, 2019, 12:21:28 PM
 #16



that is its price 150 satochis, but when the 570 that is in the order is sold it falls from 150 to 50 satochis, 1/3 of its value.

Currency that is not necessary for anything, has no real use, and that its price will fall shortly.

Please, moderator of Bitcointalk, I am reflecting a market situation. In my opinion I am not insulting or damaging the currency. I am giving information to other users. Deletion of unnecessary post and censorship for others






jacko0088
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June 03, 2019, 12:37:52 PM
 #17

Explained above, mo market liquidity because their marketing campaign is not started Wink

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June 03, 2019, 12:48:05 PM
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and there is only one order of 48 coins left to 150 satochis, then it falls to 50 satochis ..... It can be mined by lowering power to the rigs and it is still profitable. Several proxies, several directions of VECT and I can mine and sell to market, forcing the fall. The more censorship, the more I want to put this action. IF they only know how to censor and cover information to the users, I will continue selling to the market and absorbing all the orders to 150 and then the price will fall. It is the law of supply and demand.

The excess of censorship in this post, that all members are Italian and ask for translation into Italian, that the owner is a former owner of a pool that closed ... All are doubts about the legitimacy of this project
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June 03, 2019, 12:58:45 PM
 #19

Explained above, mo market liquidity because their marketing campaign is not started Wink

You are the owner of an old mining pool, hence your level in the forum. But you closed it, something went wrong for you and now this project without a head or a head, and what is worse, censoring all opinion even if it is founded and educated. You erase, I put. I work at home, I have every day at all hours to continue insisting on saying things with education, even if you do not like to read them.

Another exchange? for what?

What other projects do you have Huh We all know how this works. In 6 months the coin will be a memory of the past. Not because I want it or want it. There is no demand, and if there is no demand, there is no offer. And there are many more coins for the same. The quick money is getting harder every time creating a coin, the people are already fed up and are leaving the shitcoins aside.

I will continue to mine by dividing the teams into smaller ones, proxies and several accounts. I have the right to mine and sell. and I do it according to the rules. If I had not been censored so much, I would have forgotten the subject, but since you did not exercise moderation well, you overcame me, I take it personally. And there is not only this post about this currency, there is more post. You delete my post and more time I will be mining and selling to the market. I can even allow myself to leave a couple of equipment continuously until I get down to 25 or 20 satochis. So I ask you for education do not erase anything I've written, so that people read what happens, and I will stop mining and posting. You erase me, I continue with more effort, you will not limit my freedom. I have not insulted, I have not used words that say it is a fraud, I do not insinuate anything, I only give my opinion so that others read it, the same as when I read another bitcointalk ANN. The more censorship is that there is more to hide.
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June 03, 2019, 01:01:36 PM
 #20

and there is only one order of 48 coins left to 150 satochis, then it falls to 50 satochis ..... It can be mined by lowering power to the rigs and it is still profitable. Several proxies, several directions of VECT and I can mine and sell to market, forcing the fall. The more censorship, the more I want to put this action. IF they only know how to censor and cover information to the users, I will continue selling to the market and absorbing all the orders to 150 and then the price will fall. It is the law of supply and demand.

The excess of censorship in this post, that all members are Italian and ask for translation into Italian, that the owner is a former owner of a pool that closed ... All are doubts about the legitimacy of this project

Equigems was sold almost 4 months ago, converted into a multipool and then closed. You're still ignoring the first disclaimer, it's not my coin. "My" only coin is ZeroClassic, a fork of ZER built with another team (reference here --> https://zeroclassic.org/).
At this point I'm starting to question if I should reply in spanish maybe you can understand it better?
Regarding the Italian translation, I could do it, but it's not in my interest, I wish to see other Italians users posting a new one.

It's not censorship, I'm deleting stupidity. If I really wish to censor you I could easilly write a script that auto-delete all of your replies everytime you're posting but as you can see it's not the point.

Have a nice day! Smiley

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