Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source

[HR]

I've got a rough draft of an "advisory" letter I'm going to send out to institutional investors. It's a list of the only 5 coins I would currently be involved in, and Vertcoin is on it.

http://asistec-ti.com/tba/originalemail.htm

Let me know what you think. Please pick it apart and be as critical as you can (with both the e-mail and the related updates and additional materials on the website). Have no mercy. It's in all of our interests!

I'm going to be "out of the office" until the end of the week - so time you've got - and then I hope to begin sending it out either by the weekend or early next week at the latest.


Edit: I've added a new thread on the forum for comments if you think you might end up cluttering here. http://asistec-ti.com/phpbb/viewforum.php?f=6 Remember that you can aslo send me a PM. TIA

[jk_14]

Can someone pls. tell me the TLDR; case use of vtc?
as in POT is for pot, SXC is for sexie time, NXT is for what ever superNet is.

I wonder who are using the stealth address feature.

everyone who likes privacy

[cnerd]

Have no mercy. It's in all of our interests!

An excellent Dev Team in almost every category (Technical Skills, Implementation, Communication / PR, Long Term Vision), with an excellent community in almost every category as well (Diversity, Open Debate, OS Commitment, 3rd Party Initiatives), phenomenal technical robustness (Security, Widely Distributed, Decentralized, Operational Speed)

1) There is no Dev Team, there is one developer and as awesome as he might be, hes on a spring break atm.
There is no communication, no PR for the last one and a half years, Long Term goals can be outlined as "survive as long as possible"

2) The "community", nowadays, represents about 20 people on reddit and a couple more in here. There is this other forum nobody ever visits and there you can see the same 20-30 people from reddit and bct posting a line every month. Im not even gonna mention some of the projects in the past that got back-burned by that same "excellent" community

3) Compared to an year ago, VTC is now an old timer, with no technical development or innovations whatsoever. Some time ago we had 25-30% P2P mining network, solo/p2p mining incentives, test layer coin, stealth addresses and lots and lots of dreams about decentralization. Now we have Lyra2RE whit a shitty kernel and a heaven for botnets, no test layer coin, no p2p mining and no dreams and aspirations.

Your report about VTC might have been true, if you had written it 1 year ago

[pallas]

"Now we have Lyra2RE whit a shitty kernel"

I agree that the gpu implementation is slow (even though the nvidia version has a better hashrate/watt ratio than amd) compared to cpu.
But it was designed to be like that.
If the equation "cpu coin == botnet dream" is true, then it's like that by design.

[cnerd]

What do you think, are there private kernels with improved rates?
If yes, how much faster do you think they are?

As for the botnets, all GPU coins are susceptible to botnet mining, however the good coins give GPUs enough advantage over CPUs so that the combined mining power of all GPUs is not less than or equal to one single botnet.

Now look what we have here, just a couple of posts above.

[pallas]

What do you think, are there private kernels with improved rates?
If yes, how much faster do you think they are?

As for the botnets, all GPU coins are susceptible to botnet mining, however the good coins give GPUs enough advantage over CPUs so that the combined mining power of all GPUs is not less than or equal to one single botnet.

Now look what we have here, just a couple of posts above.

I don't know of any faster private kernel, even though I've heard of them at times.
There are arguments for making gpu mining slower compared to cpu. For example making mining unprofitable for gpu farms.
Then there is that old romantic idea of everybody mining on their laptop, too :-)

[jwinterm]

What do you think, are there private kernels with improved rates?
If yes, how much faster do you think they are?

As for the botnets, all GPU coins are susceptible to botnet mining, however the good coins give GPUs enough advantage over CPUs so that the combined mining power of all GPUs is not less than or equal to one single botnet.

Now look what we have here, just a couple of posts above.

I don't know of any faster private kernel, even though I've heard of them at times.
There are arguments for making gpu mining slower compared to cpu. For example making mining unprofitable for gpu farms.
Then there is that old romantic idea of everybody mining on their laptop, too :-)

You may say Satoshi was a dreamer, but he's not the only one... 

[jch9678]

Well, looks like Ipominer doesnt offer VTC anymore for regular folks, if it is enabled as he said, its now for Danila only. Btw, since that discovery, he cancelled his name in his stats, so now Danila==Anonymous. Just check the stats for neoscrypt (ftc - 95% of reward for danila), zifr(zrc - 100% Danila), X11 (switching, mostly DASH and START - 86% Danila).

..........

Ha, so it really should be called DanilaPool.

What a joke of a pool.

[TheCoinFinder]

What do you think, are there private kernels with improved rates?
If yes, how much faster do you think they are?

As for the botnets, all GPU coins are susceptible to botnet mining, however the good coins give GPUs enough advantage over CPUs so that the combined mining power of all GPUs is not less than or equal to one single botnet.

Now look what we have here, just a couple of posts above.

I don't know of any faster private kernel, even though I've heard of them at times.
There are arguments for making gpu mining slower compared to cpu. For example making mining unprofitable for gpu farms.
Then there is that old romantic idea of everybody mining on their laptop, too :-)

Well the algo is being modified at the moment so that it favours GPUs over CPUs. Most likely the easiest way to do this would be to swap out one of the X* algos for another one that is better with GPUs

[pallas]

What do you think, are there private kernels with improved rates?
If yes, how much faster do you think they are?

As for the botnets, all GPU coins are susceptible to botnet mining, however the good coins give GPUs enough advantage over CPUs so that the combined mining power of all GPUs is not less than or equal to one single botnet.

Now look what we have here, just a couple of posts above.

I don't know of any faster private kernel, even though I've heard of them at times.
There are arguments for making gpu mining slower compared to cpu. For example making mining unprofitable for gpu farms.
Then there is that old romantic idea of everybody mining on their laptop, too :-)

Well the algo is being modified at the moment so that it favours GPUs over CPUs. Most likely the easiest way to do this would be to swap out one of the X* algos for another one that is better with GPUs

Almost all the kernel time is spent on the lyra part (which is essentially Blake on a bigger internal structure). It is slow because it doesn't fit in the registers nor in local ram; and the access is random, not sequential.
So if you want to make it GPU friendly, the only way is removing the "lyra" from "lyra2re". What remains is something similar to a subset of x11.

[not.you]

Well, looks like Ipominer doesnt offer VTC anymore for regular folks, if it is enabled as he said, its now for Danila only. Btw, since that discovery, he cancelled his name in his stats, so now Danila==Anonymous. Just check the stats for neoscrypt (ftc - 95% of reward for danila), zifr(zrc - 100% Danila), X11 (switching, mostly DASH and START - 86% Danila).

..........

Ha, so it really should be called DanilaPool.

What a joke of a pool.

I mined there for a good long time.  After this I don't mine there anymore.

[jk_14]

Almost all the kernel time is spent on the lyra part (which is essentially Blake on a bigger internal structure). It is slow because it doesn't fit in the registers nor in local ram; and the access is random, not sequential.
So if you want to make it GPU friendly, the only way is removing the "lyra" from "lyra2re". What remains is something similar to a subset of x11.

maybe is the time for worldwide contest for GPU oriented algo, with significant sequential memory access, utilising minimum 1GB memory.

[pallas]

Almost all the kernel time is spent on the lyra part (which is essentially Blake on a bigger internal structure). It is slow because it doesn't fit in the registers nor in local ram; and the access is random, not sequential.
So if you want to make it GPU friendly, the only way is removing the "lyra" from "lyra2re". What remains is something similar to a subset of x11.

maybe is the time for worldwide contest for GPU oriented algo, with significant sequential memory access, utilising minimum 1GB memory.

so let's get back to scrypt-n? LoL!

[jk_14]

Almost all the kernel time is spent on the lyra part (which is essentially Blake on a bigger internal structure). It is slow because it doesn't fit in the registers nor in local ram; and the access is random, not sequential.
So if you want to make it GPU friendly, the only way is removing the "lyra" from "lyra2re". What remains is something similar to a subset of x11.

maybe is the time for worldwide contest for GPU oriented algo, with significant sequential memory access, utilising minimum 1GB memory.

so let's get back to scrypt-n? LoL!

 1. Generate 1GB PsuedoRandom data using SHA512.
  
  2. For each 64K block - Repeat 50 times.
    2.1 Use the last 32bits as a pointer to another 64K block.
    2.2 XOR the two 64K blocks together.
    2.3 AES CBC encrypt the result using the last 256 bits as a key.
  
  3. Use the last 32bits%2^14 as the solution. If the solution==1968, the block is solved.

https://bitcointalk.org/index.php?topic=598187.0


maybe some tuning of this, for more sequential access
maybe much greater block size, maybe not AES CBC but CTR - for strong parallelisation.

?

[HR]

Ready to go. Any final suggestions?

http://asistec-ti.com/tba/midyearreport2015.htm

[jwinterm]

Ready to go. Any final suggestions?

http://asistec-ti.com/tba/midyearreport2015.htm

Noblecoin is gonna increase by 1500000x, rly? 

[HR]

Ready to go. Any final suggestions?

http://asistec-ti.com/tba/midyearreport2015.htm

Noblecoin is gonna increase by 1500000x, rly?  

That's a theoretical ratio to BTC. I guess it comes down to what we think BTC might be worth someday, and then the same with NOBL (and VTC, etc. etc.) as it relates in practice.

http://asistec-ti.com/tba/pricecalcs2015.htm

[jamesl22]

New blog post: https://vertcoin.org/wp/july-development-update/

[ReiMomo]

Then Danila launches a botnet for GPUs.

[jch9678]

Then Danila launches a botnet for GPUs.

1) that type of botnet is tougher
2) he would have to get the new payload to the already infected machines
3) people are more apt to notice when their video card sounds like a jet engine and remove the malware
4) it may not be an ideal solution but the important thing is to adapt, sitting on your ass doing nothing gets vertcoin no where