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Author Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source  (Read 415055 times)
volyova
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September 14, 2016, 01:57:56 PM
 #2021

Also, Since there's so much  worries about resource management, climate change and  pollution, we should remember ASIC's are specific hardware, with very limited time life. After they become obsolete, its just another piece of crap that doesnt fit anywhere else. W

On the other hand, GPU's can and are being used to mine, work and play. And for my experience, they might last a couple of decades Smiley
Yes, I still have my HD 7950's, which have ROI'd many times over.
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September 14, 2016, 02:04:23 PM
 #2022

Yes, I still have my HD 7950's, which have ROI'd many times over.

Thanks VertCoin! Smiley

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September 14, 2016, 04:39:31 PM
 #2023

Reading this:

https://forum.ethereum.org/discussion/6586/we-are-dead-eth-asic-are-out

"We are Dead! - ETH ASIC are out!" - Ethereum forum.

I'm wondering if there is anyway to be ASIC resistant without changing algorithm.

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September 14, 2016, 04:44:01 PM
 #2024

Reading this:

https://forum.ethereum.org/discussion/6586/we-are-dead-eth-asic-are-out

"We are Dead! - ETH ASIC are out!" - Ethereum forum.

I'm wondering if there is anyway to be ASIC resistant without changing algorithm.
I don't think there is a way, but if the devs are willing to change whenever a Asic gets released for lyra then i don't think they will make asics. Otherwise it will not be very profitable for them lol
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September 14, 2016, 05:12:41 PM
 #2025

Reading this:

https://forum.ethereum.org/discussion/6586/we-are-dead-eth-asic-are-out

"We are Dead! - ETH ASIC are out!" - Ethereum forum.

I'm wondering if there is anyway to be ASIC resistant without changing algorithm.
I don't think there is a way, but if the devs are willing to change whenever a Asic gets released for lyra then i don't think they will make asics. Otherwise it will not be very profitable for them lol
It's a pre-order scam.
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September 14, 2016, 05:13:22 PM
 #2026

There are no, and will never be any ETH asic.
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September 14, 2016, 09:31:32 PM
 #2027

There are no, and will never be any ETH asic.
Why never? If a coin is popular enough they'll make an asic for it . I'm not saying it's good for the coin . Look at litecoin , it was super popular until asics hit .Vertcoin had asics when it was scrypt n ...well for a couple weeks until we forked.  Grin
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September 14, 2016, 10:06:02 PM
 #2028

There are no, and will never be any ETH asic.
Why never? If a coin is popular enough they'll make an asic for it . I'm not saying it's good for the coin . Look at litecoin , it was super popular until asics hit .Vertcoin had asics when it was scrypt n ...well for a couple weeks until we forked.  Grin
There'll be no asics because ETH is going proof of stake in approx six months. So no time. Anyway, the eth founders have said that if one is developed they will tweak the algorithim. So zero chance of ETH asics appearing, I'm afraid.
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September 15, 2016, 01:14:37 AM
 #2029

There are no, and will never be any ETH asic.
Why never? If a coin is popular enough they'll make an asic for it . I'm not saying it's good for the coin . Look at litecoin , it was super popular until asics hit .Vertcoin had asics when it was scrypt n ...well for a couple weeks until we forked.  Grin
There'll be no asics because ETH is going proof of stake in approx six months. So no time. Anyway, the eth founders have said that if one is developed they will tweak the algorithim. So zero chance of ETH asics appearing, I'm afraid.
If I'm not mistaken they are going to do some POS POW hybrid system
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September 15, 2016, 07:36:04 AM
 #2030

There are no, and will never be any ETH asic.
Why never? If a coin is popular enough they'll make an asic for it . I'm not saying it's good for the coin . Look at litecoin , it was super popular until asics hit .Vertcoin had asics when it was scrypt n ...well for a couple weeks until we forked.  Grin
There'll be no asics because ETH is going proof of stake in approx six months. So no time. Anyway, the eth founders have said that if one is developed they will tweak the algorithim. So zero chance of ETH asics appearing, I'm afraid.
If I'm not mistaken they are going to do some POS POW hybrid system
It doesn't matter. If ASIC appear on the network, the founders have said they will tweak the algo. As I said above...
Johnny00
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September 15, 2016, 09:34:01 AM
 #2031

Like like crash today. Will it keep dropping?


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VertyCoiny
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September 15, 2016, 10:49:30 AM
 #2032

Like like crash today. Will it keep dropping?
Yes it will keep dropping, sell now before we go back to 5000sats!
Cmon man use your goddamn brains and look at the fucking chart and decide for yourself if it looks bullish or fkn bearish.
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September 15, 2016, 11:20:29 AM
 #2033

Like like crash today. Will it keep dropping?
Yes it will keep dropping, sell now before we go back to 5000sats!
Cmon man use your goddamn brains and look at the fucking chart and decide for yourself if it looks bullish or fkn bearish.

Relax
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September 15, 2016, 11:47:09 AM
 #2034

http://www.coinstreetnews.com/2016/08/vertcoin-vtc/

Crypto analysts are saying VertCoin is a great coin and great investment.

It's normal that price is always going up and down. That doesn't mean anything about it compared to other metrics.

Keep cool, and buy some more if you can.

Cheers,

mega

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September 15, 2016, 02:31:16 PM
 #2035

Capitulation is GOOD guys! Think about it from the market makers perspective.

Assume you are the MM, do you want me to make money?

No, because when I make money that is profit that you, the MM, didn't get and the whole purpose of being an MM is to maximize profit. Therefore, you need to manipulate the market into conditions that will fuck with the other traders mind to make them want to dump their bags and an MM can accomplish this in two ways. One way is to wait. Wait for a long time and over that course of time weaker hands will drop out. The other choice is to manipulate the market, which is what I believe we are seeing right now. However Vert is in a special spot right now because we are still hovering around the ATL. The MM knows he cant shake us out by bring the price down because most of us got in at a price that if he brought it to 1 sat then we would still hold.

So, if the MM cant bring the price lower how can he get more coins? Well what they are doing now is propping up price a little bit and trying to force you into taking a small profit as opposed to sticking in for the big run. A half ass-ed pump is the only way he can get us to capitulate out of frustration with VTC. This is why we are seeing this price action this past week IMO.

The big run feels like it is right around the corner and I hope we can all outlast this MM and celebrate at 200k  Grin
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September 15, 2016, 02:56:40 PM
 #2036

Capitulation is GOOD guys! Think about it from the market makers perspective.

Assume you are the MM, do you want me to make money?

No, because when I make money that is profit that you, the MM, didn't get and the whole purpose of being an MM is to maximize profit. Therefore, you need to manipulate the market into conditions that will fuck with the other traders mind to make them want to dump their bags and an MM can accomplish this in two ways. One way is to wait. Wait for a long time and over that course of time weaker hands will drop out. The other choice is to manipulate the market, which is what I believe we are seeing right now. However Vert is in a special spot right now because we are still hovering around the ATL. The MM knows he cant shake us out by bring the price down because most of us got in at a price that if he brought it to 1 sat then we would still hold.

So, if the MM cant bring the price lower how can he get more coins? Well what they are doing now is propping up price a little bit and trying to force you into taking a small profit as opposed to sticking in for the big run. A half ass-ed pump is the only way he can get us to capitulate out of frustration with VTC. This is why we are seeing this price action this past week IMO.

The big run feels like it is right around the corner and I hope we can all outlast this MM and celebrate at 200k  Grin
Interesting read, thank you!
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September 15, 2016, 03:10:26 PM
 #2037

Capitulation is GOOD guys! Think about it from the market makers perspective.

Assume you are the MM, do you want me to make money?

No, because when I make money that is profit that you, the MM, didn't get and the whole purpose of being an MM is to maximize profit. Therefore, you need to manipulate the market into conditions that will fuck with the other traders mind to make them want to dump their bags and an MM can accomplish this in two ways. One way is to wait. Wait for a long time and over that course of time weaker hands will drop out. The other choice is to manipulate the market, which is what I believe we are seeing right now. However Vert is in a special spot right now because we are still hovering around the ATL. The MM knows he cant shake us out by bring the price down because most of us got in at a price that if he brought it to 1 sat then we would still hold.

So, if the MM cant bring the price lower how can he get more coins? Well what they are doing now is propping up price a little bit and trying to force you into taking a small profit as opposed to sticking in for the big run. A half ass-ed pump is the only way he can get us to capitulate out of frustration with VTC. This is why we are seeing this price action this past week IMO.

The big run feels like it is right around the corner and I hope we can all outlast this MM and celebrate at 200k  Grin

True, but consider another option too:

New money, coming from recent profits from other coins, or coming from outside crypto, is entering VTC in a hurry, by market buying large orders. The MM, who doesn't want to pump yet, is trying by all means to keep the price low, expecting people to join in other pumps and sell their VTC.

What will happen is that if this new money keeps coming, the MM will be "forced" to pump or at least stop selling, cause if not he will lose his power at actual prices, and I'm sure he doesn't want that. Grin

I'm saying this cause in the last two weeks, I've bought 114.5 BTC in VTC, and I'm seeing that MM is getting nervous, cause I'm not the only one who's buying VTC in a large way. Wink Wink
griffen1102
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September 15, 2016, 03:31:40 PM
 #2038

Capitulation is GOOD guys! Think about it from the market makers perspective.

Assume you are the MM, do you want me to make money?

No, because when I make money that is profit that you, the MM, didn't get and the whole purpose of being an MM is to maximize profit. Therefore, you need to manipulate the market into conditions that will fuck with the other traders mind to make them want to dump their bags and an MM can accomplish this in two ways. One way is to wait. Wait for a long time and over that course of time weaker hands will drop out. The other choice is to manipulate the market, which is what I believe we are seeing right now. However Vert is in a special spot right now because we are still hovering around the ATL. The MM knows he cant shake us out by bring the price down because most of us got in at a price that if he brought it to 1 sat then we would still hold.

So, if the MM cant bring the price lower how can he get more coins? Well what they are doing now is propping up price a little bit and trying to force you into taking a small profit as opposed to sticking in for the big run. A half ass-ed pump is the only way he can get us to capitulate out of frustration with VTC. This is why we are seeing this price action this past week IMO.

The big run feels like it is right around the corner and I hope we can all outlast this MM and celebrate at 200k  Grin

True, but consider another option too:

New money, coming from recent profits from other coins, or coming from outside crypto, is entering VTC in a hurry, by market buying large orders. The MM, who doesn't want to pump yet, is trying by all means to keep the price low, expecting people to join in other pumps and sell their VTC.

What will happen is that if this new money keeps coming, the MM will be "forced" to pump or at least stop selling, cause if not he will lose his power at actual prices, and I'm sure he doesn't want that. Grin

I'm saying this cause in the last two weeks, I've bought 114.5 BTC in VTC, and I'm seeing that MM is getting nervous, cause I'm not the only one who's buying VTC in a large way. Wink Wink

This is also very true. I didn't consider the fact that MM might be running multiple markets, and pumping other coins is another great way to try and shake out folks, especially the new money.
etang6000
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September 15, 2016, 04:29:14 PM
 #2039

Capitulation is GOOD guys! Think about it from the market makers perspective.

Assume you are the MM, do you want me to make money?

No, because when I make money that is profit that you, the MM, didn't get and the whole purpose of being an MM is to maximize profit. Therefore, you need to manipulate the market into conditions that will fuck with the other traders mind to make them want to dump their bags and an MM can accomplish this in two ways. One way is to wait. Wait for a long time and over that course of time weaker hands will drop out. The other choice is to manipulate the market, which is what I believe we are seeing right now. However Vert is in a special spot right now because we are still hovering around the ATL. The MM knows he cant shake us out by bring the price down because most of us got in at a price that if he brought it to 1 sat then we would still hold.

So, if the MM cant bring the price lower how can he get more coins? Well what they are doing now is propping up price a little bit and trying to force you into taking a small profit as opposed to sticking in for the big run. A half ass-ed pump is the only way he can get us to capitulate out of frustration with VTC. This is why we are seeing this price action this past week IMO.

The big run feels like it is right around the corner and I hope we can all outlast this MM and celebrate at 200k  Grin

True, but consider another option too:

New money, coming from recent profits from other coins, or coming from outside crypto, is entering VTC in a hurry, by market buying large orders. The MM, who doesn't want to pump yet, is trying by all means to keep the price low, expecting people to join in other pumps and sell their VTC.

What will happen is that if this new money keeps coming, the MM will be "forced" to pump or at least stop selling, cause if not he will lose his power at actual prices, and I'm sure he doesn't want that. Grin

I'm saying this cause in the last two weeks, I've bought 114.5 BTC in VTC, and I'm seeing that MM is getting nervous, cause I'm not the only one who's buying VTC in a large way. Wink Wink

This is also very true. I didn't consider the fact that MM might be running multiple markets, and pumping other coins is another great way to try and shake out folks, especially the new money.
After researching ETH some more , they're going POS sometime soon , so that mining power is going to have to go somewhere
transparenttrader
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September 15, 2016, 04:46:18 PM
 #2040

Capitulation is GOOD guys! Think about it from the market makers perspective.

Assume you are the MM, do you want me to make money?

No, because when I make money that is profit that you, the MM, didn't get and the whole purpose of being an MM is to maximize profit. Therefore, you need to manipulate the market into conditions that will fuck with the other traders mind to make them want to dump their bags and an MM can accomplish this in two ways. One way is to wait. Wait for a long time and over that course of time weaker hands will drop out. The other choice is to manipulate the market, which is what I believe we are seeing right now. However Vert is in a special spot right now because we are still hovering around the ATL. The MM knows he cant shake us out by bring the price down because most of us got in at a price that if he brought it to 1 sat then we would still hold.

So, if the MM cant bring the price lower how can he get more coins? Well what they are doing now is propping up price a little bit and trying to force you into taking a small profit as opposed to sticking in for the big run. A half ass-ed pump is the only way he can get us to capitulate out of frustration with VTC. This is why we are seeing this price action this past week IMO.

The big run feels like it is right around the corner and I hope we can all outlast this MM and celebrate at 200k  Grin

True, but consider another option too:

New money, coming from recent profits from other coins, or coming from outside crypto, is entering VTC in a hurry, by market buying large orders. The MM, who doesn't want to pump yet, is trying by all means to keep the price low, expecting people to join in other pumps and sell their VTC.

What will happen is that if this new money keeps coming, the MM will be "forced" to pump or at least stop selling, cause if not he will lose his power at actual prices, and I'm sure he doesn't want that. Grin

I'm saying this cause in the last two weeks, I've bought 114.5 BTC in VTC, and I'm seeing that MM is getting nervous, cause I'm not the only one who's buying VTC in a large way. Wink Wink

This is also very true. I didn't consider the fact that MM might be running multiple markets, and pumping other coins is another great way to try and shake out folks, especially the new money.
After researching ETH some more , they're going POS sometime soon , so that mining power is going to have to go somewhere


May I ask what yourr are insinuating? Are you expecting that mining power to move to vert?
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