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Author Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source  (Read 414002 times)
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September 14, 2016, 08:29:05 AM
 #2141

Still need to break and lift off Smiley

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September 14, 2016, 10:29:09 AM
 #2142

I'M IN AND READY

7.25-7.5 % share actual supply


Time to get VTC to the place it deserves folks Grin Grin Grin
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September 14, 2016, 12:27:37 PM
 #2143

what's going on with VTC?  Is there any news or is this just another random pump thanks to polotrololo?   Does VTC even have an active dev at this point?  
Several active devs . Wallet is being updated

and still ASIC resistant Wink

Can someone explain why ASIC Resistance is so important? I get the concept but why all of a sudden is this significant.

The idea is that you don't need a lot of money to mine . Anyone who has a gpu  can mine ( which is any gamer , or most people with a computer ) Asic's are specialized computer with one purpose ( to mine a specific algo) , they are expensive and can only be used for that purpose. Only a few companies make asics , so coins that use asics are at the mercy of said companies to make asics and better asics every so often .The main problem is that some, if not all asic companies build asics and use them until they pay for them selves and then sell them to the consumer when it's very hard to make ROI on them .
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September 14, 2016, 12:45:55 PM
 #2144

what's going on with VTC?  Is there any news or is this just another random pump thanks to polotrololo?   Does VTC even have an active dev at this point?  
Several active devs . Wallet is being updated

and still ASIC resistant Wink

Can someone explain why ASIC Resistance is so important? I get the concept but why all of a sudden is this significant.

The idea is that you don't need a lot of money to mine . Anyone who has a gpu  can mine ( which is any gamer , or most people with a computer ) Asic's are specialized computer with one purpose ( to mine a specific algo) , they are expensive and can only be used for that purpose. Only a few companies make asics , so coins that use asics are at the mercy of said companies to make asics and better asics every so often .The main problem is that some, if not all asic companies build asics and use them until they pay for them selves and then sell them to the consumer when it's very hard to make ROI on them .
Not to mention the negative effect that all that selling has on a coin's price. The asic owner must sell all mined coins (at first) to ROI. Then he sells the asic (because who would want to be left with a useless machine) to someone else who (tries) to do exactly the same thing as the previous owner (but less sucessfully). Ad infinitum.
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September 14, 2016, 12:56:08 PM
 #2145

BTW this pump's volume is western on origin (polo), not chinese. So don't expect too much.
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September 14, 2016, 01:33:21 PM
 #2146

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


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September 14, 2016, 01:57:56 PM
 #2147

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
 #2148

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
 #2149

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
 #2150

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
 #2151

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
 #2152

There are no, and will never be any ETH asic.
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September 14, 2016, 09:31:32 PM
 #2153

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
 #2154

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
 #2155

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
 #2156

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...
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September 15, 2016, 09:34:01 AM
 #2157

Like like crash today. Will it keep dropping?


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September 15, 2016, 10:49:30 AM
 #2158

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
 #2159

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
 #2160

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,

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