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eddilicious (OP)
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March 22, 2014, 04:36:51 PM |
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try bidding for three days, cannot get any, too long for a pump. it is like something is happening  btw, I really hate those endless Icelandcoin, spaincoin, greececoin and stuff. can someone just end it? soon we will start to see Alabamacoins, buffalocoins. |
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TTM
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March 22, 2014, 05:41:28 PM |
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Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
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CoinBuzz
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March 22, 2014, 08:40:07 PM |
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Vertcoin golden days starts when Scrypt Asic's come
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kalus
Sr. Member
 Offline
Activity: 420
Merit: 263
let's make a deal.
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March 22, 2014, 09:21:58 PM |
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There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
How this coin would appeal to non-miners over other coins? vertcoin seems to appeal to miners more than the market. Vert mining may increase as more asics start showing up, but more vert doesn't mean anybody's buying it. |
DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
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mechanikalk
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March 22, 2014, 10:52:49 PM |
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The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
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galbros
Legendary
Offline
Activity: 1022
Merit: 1000
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March 22, 2014, 11:50:50 PM |
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The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
Basically this, Verticoin appears to be the most resistant by far to ASICs of the current crop of alt coins. |
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FredDag
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March 23, 2014, 12:59:36 AM |
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There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
How this coin would appeal to non-miners over other coins? vertcoin seems to appeal to miners more than the market. Vert mining may increase as more asics start showing up, but more vert doesn't mean anybody's buying it. Also, the VTC wallet (on windows at least) supports the vertcoin: protocol for accepting http requests from QR Code scanners. So you can display a QR Code on your website, customer scans the qr code & the vertcoin wallet opens to confirm & authorise the request. How many other alt-coins have implemented this? I believe BTC, LTC, DOGE, VTC have this functionality... If you know of others, let me know. |
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flounderella
Sr. Member
Offline
Activity: 350
Merit: 250
Bitcoin Evengelist
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March 23, 2014, 01:07:02 AM |
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I'm surprised it isn't stronger...
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1035
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March 23, 2014, 05:04:30 AM |
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Vertcoin is the 3rd coin, the (new) GPU coin It's just the beginning  |
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Eganwp
Newbie
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Activity: 26
Merit: 0
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March 23, 2014, 05:21:53 AM |
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GPUCoin, VertCoin, EXECoin, EmuCoin and ThorCoin will be the go-to coins for us non-ASIC miners.
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foodies123
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March 23, 2014, 06:03:00 AM |
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The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
centralizing the mining aroung gpu only is not decentralization |
nope
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kalus
Sr. Member
Offline
Activity: 420
Merit: 263
let's make a deal.
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March 23, 2014, 06:32:03 AM |
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i'll give vertcoin mining a try. thanks, people in this thread.
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DC2ngEGbd1ZUKyj8aSzrP1W5TXs5WmPuiR wow need noms
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caston
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March 23, 2014, 08:49:45 AM
Last edit: March 23, 2014, 09:03:57 AM by caston |
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Thirtybird has had a lot of success mining YAC with R7 GPUs. YAC was the first scrypt/cha-cha coin with increasing N factor so it is definitely one to watch when scrypt asics come out. There are another two big N factor increases scheduled for this year. Yacoin is also also heavily under valued right now so this is a golden opportunity for speculators to come in and buy YAC by the truckload for very cheap. https://bter.com/trade/yac_btchttps://www.cryptsy.com/markets/view/11YAC has been largely forgotten in the excitement of the other new coins but it will deliver. The fact that many investors have forgotten about YAC means that ASIC resistance has not yet been priced in giving huge potential for gains. |
bitcoin BTC: 1MikVUu1DauWB33T5diyforbQjTWJ9D4RF
bitcoin cash: 1JdkCGuW4LSgqYiM6QS7zTzAttD9MNAsiK
-updated 3rd December 2017
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Amph
Legendary
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Activity: 3206
Merit: 1069
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March 23, 2014, 08:56:49 AM
Last edit: March 23, 2014, 04:09:34 PM by Amph |
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The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
Basically this, Verticoin appears to be the most resistant by far to ASICs of the current crop of alt coins. isn't x11 or the heavycoin algo better? your vga run much cooler comapred to scrypt-n The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
centralizing the mining aroung gpu only is not decentralization you can't centralized around gpu, because gpu can be obtained by everyone, asic instead, not so much(not talking about low hash asic) |
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nobodysbusiness
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March 23, 2014, 03:53:22 PM |
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If you can't afford to buy VTC at current prices, there are other ASIC-resistant coins available. MicroCoin is especially cheap right now.
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dspair
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March 23, 2014, 04:02:59 PM |
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Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
Litecoin 2.0 |
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El Dude
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March 23, 2014, 04:07:00 PM |
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Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
Litecoin 2.0 every good coin gets ASICs there's no running away from that. |
Bitcoin and Litecoin hodler
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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March 23, 2014, 04:11:28 PM |
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Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
Litecoin 2.0 every good coin gets ASICs there's no running away from that. yeah but not now, that's the deal, before they release an asic for vert, at least one year will pass, in the meantime another anti asic algo will pop up and so on... |
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NuSalvo
Newbie
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Activity: 47
Merit: 0
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March 23, 2014, 04:54:21 PM |
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I seem to be thinking very childish and elementary on this, but couldn't you stop ASICs by making the algo REQUIRE a GPU or CPU? Have some sort of hardware detection process, and if you don't run a certified AMD/NVIDIA GPU or Intel/AMD CPU then it won't give you work/shares.
I'm not sure if that is really possible in the realm of mining, just something I thought of the other night.
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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March 23, 2014, 05:11:00 PM |
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Thirtybird has had a lot of success mining YAC with R7 GPUs. YAC was the first scrypt/cha-cha coin with increasing N factor so it is definitely one to watch when scrypt asics come out. There are another two big N factor increases scheduled for this year. Yacoin is also also heavily under valued right now so this is a golden opportunity for speculators to come in and buy YAC by the truckload for very cheap. https://bter.com/trade/yac_btchttps://www.cryptsy.com/markets/view/11YAC has been largely forgotten in the excitement of the other new coins but it will deliver. The fact that many investors have forgotten about YAC means that ASIC resistance has not yet been priced in giving huge potential for gains. Yacoin was abandoned by the developer and later received some patchwork help by random people. I don't know what the current state of the coin is, but it's probably still in limbo. |
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