does anyone know why vtc is so strong

[V8x8d]

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.

You clearly spend very little time reading the VTC forums.

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[ymer]

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.

Pls stahp posting

[Coindgr]

isn't x11 or the heavycoin algo better? your vga run much cooler comapred to scrypt-n

I think most of people didn't realize the advantages of this algo, it keeps your GPU much cooler, and your power bill is much lower, because it draws less power from the wall.

[slaveforanunnak1]

Vertcoin is what litecoin was supposed to do and failed at. Period.

[eddilicious]

i'll give vertcoin mining a try.  thanks, people in this thread.

no, it is not making money. it is just a last resort that GPU miner can rest.

[toknormal]

does anyone know why vtc is so strong

Yes. Because this guy did a video on it saying he's been researching coins for weeks and decided Vert was the only one he'd invest in. Then the video got an airing on BrotherJohnF's "Bitcoin Channel". Within 25 hours of it appearing, the price started rising. (Unjustifiably).

Now that that video's fading into history, it will start to dump again and you'll be able to get some.

http://www.youtube.com/watch?v=SGJN3sHLZS0

[coastermonger]

I think the shift to ASIC resistant coins is interesting, but also an inherently misguided unless the coin offers some other substantial benefit to owning it.  Darkcoin for instance, is very asic resistant with the X11 algorithm, and yes it draws less power and allows the GPU cards to mine cooler at higher hashrates, however this alone would be uninteresting to me.  

But Darkcoin is also fixated on making it's privacy features trustless and native to the client, offering additional benefits that other open ledger cryptocurrencies can't provide.  The idea of trying to "taint" or blacklist darkcoins just isn't feasible, and you'd never need to trust or a 3rd party service for coin mixing.

Beyond that, it's reward schedule is limited not by halvings, but by very gradual 7% annual reductions in the block reward.  One to watch if you ask me.

[slaveforanunnak1]

does anyone know why vtc is so strong

Yes. Because this guy did a video on it saying he's been researching coins for weeks and decided Vert was the only one he'd invest in. Then the video got an airing on BrotherJohnF's "Bitcoin Channel". Within 25 hours of it appearing, the price started rising. (Unjustifiably).

Now that that video's fading into history, it will start to dump again and you'll be able to get some.

http://www.youtube.com/watch?v=SGJN3sHLZS0

Rofl
Yes... And nothing to do with the fact that scrypt asics just came out.....
And Iraq has WMDs lol

[eddilicious]

does anyone know why vtc is so strong

Yes. Because this guy did a video on it saying he's been researching coins for weeks and decided Vert was the only one he'd invest in. Then the video got an airing on BrotherJohnF's "Bitcoin Channel". Within 25 hours of it appearing, the price started rising. (Unjustifiably).

Now that that video's fading into history, it will start to dump again and you'll be able to get some.

http://www.youtube.com/watch?v=SGJN3sHLZS0

the video has only been viewed 2000 times. that can pump a coin 3x? could not even finish watching the video, is that a research for 5th grader? geeee, I should post a video on youtube to pump something, or anything

 

[Spoetnik]

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.

scrypt miner pre-orders started and they sold like 2 million worth or something and they are reported to be WAAAY faster than gpu's..
so scrypt coins may be dropping in value soon.. i have been mining VTC for a couple months now and have dropped my scrypt coins and bought some VTC.

here is a link to the scrypt asic pre-order story posted recently..
http://www.coindesk.com/scrypt-asic-race-intensifies-knc-scores-2m-preorders/

[AmpedGoose]

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.

Yeah, just hoping that folks don't start making even sillier stuff like LeBron James coins, Justin Beiber coins, Miley Twerker coins...etc.    Hmmm, do the mutant ninja turtles have their own coin yet?

[porcupine87]

Vertcoin golden days starts when Scrypt Asic's come

Why does a coin get more valuable when you can't mine it with ASICs? It doesn't make any sense. ASICs make the coin more secure. This is like saying that some internet connections are DSL-proof, so only modem 56k can use it and therefore it is more valuable...

The alternative to ASICs is POS - for now. (let's see what the future brings)

[ballot]

i dont think vtc and other coins has that algo are asic-resistant
because they just doubled an default integer value and thats all i am sure by a new fw old scrypt asics can hash scrypt-n coins

[Spoetnik]

Vertcoin golden days starts when Scrypt Asic's come

Why does a coin get more valuable when you can't mine it with ASICs? It doesn't make any sense. ASICs make the coin more secure. This is like saying that some internet connections are DSL-proof, so only modem 56k can use it and therefore it is more valuable...

The alternative to ASICs is POS - for now. (let's see what the future brings)

real simple.. do you gpu mine Bitcoin ? of course not nobody does and if you did your a moron.

and to the other guy ya the asic resistance is built into how it works and you clearly don't know how it does so go read up on it.
i'll give you a hint.. it changes over time.

when asics take more of a strangle hold on all the scrypt clone i have no doubt at all that Vertcoin will become far more popular and valuable.

[porcupine87]

Vertcoin golden days starts when Scrypt Asic's come

Why does a coin get more valuable when you can't mine it with ASICs? It doesn't make any sense. ASICs make the coin more secure. This is like saying that some internet connections are DSL-proof, so only modem 56k can use it and therefore it is more valuable...

The alternative to ASICs is POS - for now. (let's see what the future brings)

real simple.. do you gpu mine Bitcoin ? of course not nobody does and if you did your a moron.

So? How does it make a coin valuable when some old miners with GPUs can mine it? Would Bitcoin be at 10 000$ if it would be ASIC proof? Just think about it. What makes a coin valuable? Are this the cheap transaction? Independency from state or banks? transaction time? Anonymity? Or is it because you can mine it?

[kalus]

What makes a coin valuable? Are this the cheap transaction? Independency from state or banks? transaction time? Anonymity? Or is it because you can mine it?

as long as we're talking about independence from banks, the rise of the cloud mining, datacentre mining, and the concentration of hash power results in just another centralized currency.  i think 2014 is the end of the home miner for bitcoin as serious miners move to a few dedicated mining farms.  meet the new boss, same as the old boss.  

Part of the value of the coin resides in its resilience to attack.  a distributed blockchain is more secure than a blockchain controlled by a handful of entities.

[kalus]

i dont think vtc and other coins has that algo are asic-resistant
because they just doubled an default integer value and thats all i am sure by a new fw old scrypt asics can hash scrypt-n coins

and then vtc presumably changes the N value again, or changes algorithms. 

[porcupine87]

What makes a coin valuable? Are this the cheap transaction? Independency from state or banks? transaction time? Anonymity? Or is it because you can mine it?

as long as we're talking about independence from banks, the rise of the cloud mining, datacentre mining, and the concentration of hash power results in just another centralized currency.  i think 2014 is the end of the home miner for bitcoin as serious miners move to a few dedicated mining farms.  meet the new boss, same as the old boss.  

Part of the value of the coin resides in its resilience to attack.  a distributed blockchain is more secure than a blockchain controlled by a handful of entities.

If you want to reach a higher level of security, there is no way that every normal PC can mine it. Miners want to make profit and look for more efficient mining hardware. It is even more efficient to have a GPU or CPU farm instead of one graphic card in a gaming PC.
Let's assume, the current hartrate of Bitcoin gets divide to individuals with the same hashrate, one GPU with 600KH/s(a 7950). We have now 40 000 000 000 000kh/s, so this would be 67Mio. individuals. Each of them would get 0.000054btc every day. Depeding on your country you need 0.002-0.005btc electricity.

So now, tell me, how this should work.

[nagatlakshmi]