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Author Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source  (Read 365553 times)
jdebunt
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December 28, 2014, 02:53:50 PM
 #381

Only just noticed the new development roadmap, for which I apologise.

To make it up, I wrote a small new article, which can be found here.
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December 29, 2014, 06:09:08 PM
 #382

https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.

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December 29, 2014, 06:19:42 PM
 #383

https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.


As far as I understand; no demand and low price results in small blocks and vice versa. So, first I set my miners on VTC, then immediately buy the coins on exchanges, then block reward goes skyhigh, then I mine even more coins. Everyone wakes up and starts buying VTC, then I mine even more and then I sell all VTC for nice price.
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December 29, 2014, 06:22:30 PM
 #384

https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.


As far as I understand; no demand and low price results in small blocks and vice versa.

How the hell coin can know that demand is low and price is low?

ontopicplease
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December 29, 2014, 06:25:05 PM
 #385

https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.


As far as I understand; no demand and low price results in small blocks and vice versa.

How the hell coin can know that demand is low and price is low?

I have no idea, just joking a bit. BTW just bought 35k VTC on cryptsy, I think it's a good moment to buy.
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December 29, 2014, 06:26:36 PM
 #386

https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.


As far as I understand; no demand and low price results in small blocks and vice versa.

How the hell coin can know that demand is low and price is low?

I have no idea, just joking a bit. BTW just bought 35k VTC on cryptsy, I think it's a good moment to buy.

I bought some too Tongue No idea what owner of these 2 buy/sell walls trying to achieve. Selling at this price is something I can't understand, it does not worth a time for setting up order. Everything up to 25 cents is bargain.

djnocide
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December 29, 2014, 08:11:12 PM
 #387

https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.


As far as I understand; no demand and low price results in small blocks and vice versa.

How the hell coin can know that demand is low and price is low?

I have no idea, just joking a bit. BTW just bought 35k VTC on cryptsy, I think it's a good moment to buy.

I bought some too Tongue No idea what owner of these 2 buy/sell walls trying to achieve. Selling at this price is something I can't understand, it does not worth a time for setting up order. Everything up to 25 cents is bargain.


Some people just want the price to be low, when you see sell walls moving just to control the price.
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December 29, 2014, 11:04:35 PM
 #388

Some problem on p2pools.



Quote
[02:03:27] Initialising kernel Lyra2RE.cl with bitalign, unpatched BFI, nfactor 10, n 1024
[02:03:29] GPU0: invalid nonce count - HW error
[02:03:30] GPU0: invalid nonce count - HW error
[02:03:30] GPU0: invalid nonce count - HW error
[02:03:30] Accepted 7249a9a2 Diff 0.004/0.000 GPU 0
[02:03:30] Accepted 3b2e8776 Diff 0.008/0.000 GPU 0
[02:03:30] GPU0: invalid nonce count - HW error
[02:03:30] Accepted 68183ba7 Diff 0.005/0.000 GPU 0
[02:03:30] Accepted b138c654 Diff 0.003/0.000 GPU 0
[02:03:30] GPU0: invalid nonce count - HW error
[02:03:30] GPU0: invalid nonce count - HW error
[02:03:30] GPU0: invalid nonce count - HW error
[02:03:30] Accepted 1cf4bc72 Diff 0.017/0.000 GPU 0
[02:03:31] GPU0: invalid nonce count - HW error
[02:03:31] GPU0: invalid nonce count - HW error
[02:03:31] Accepted ce376718 Diff 0.002/0.000 GPU 0
[02:03:31] ru.p2pool.pl difficulty changed to 0.000
[02:03:31] GPU0: invalid nonce count - HW error
[02:03:31] GPU0: invalid nonce count - HW error
[02:03:32] GPU0: invalid nonce count - HW error
[02:03:32] GPU0: invalid nonce count - HW error
[02:03:32] GPU0: invalid nonce count - HW error
[02:03:32] GPU0: invalid nonce count - HW error
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December 29, 2014, 11:08:37 PM
 #389

After restart p2pool -> normal
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December 30, 2014, 02:28:01 AM
 #390

The system of elasticity does NOT affect the block reward (ie. the subsidy). Nor does it directly impact anyone's wallet balance, as in, without their interaction. Sorry all, but the details are under wraps until we get closer to releasing. Trust me, I wish we could say more as it is very exciting, however, it is in our best interest to keep it on the DL.

Cheers,

Adam


https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.


As far as I understand; no demand and low price results in small blocks and vice versa. So, first I set my miners on VTC, then immediately buy the coins on exchanges, then block reward goes skyhigh, then I mine even more coins. Everyone wakes up and starts buying VTC, then I mine even more and then I sell all VTC for nice price.
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December 30, 2014, 02:36:00 AM
 #391

https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.

If they can make it work the elastic distribution model in VTC will be the best thing since sliced bread.
Once again VTC shows great innovation.
ontopicplease
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December 30, 2014, 04:45:14 AM
 #392

The system of elasticity does NOT affect the block reward (ie. the subsidy). Nor does it directly impact anyone's wallet balance, as in, without their interaction. Sorry all, but the details are under wraps until we get closer to releasing. Trust me, I wish we could say more as it is very exciting, however, it is in our best interest to keep it on the DL.

Cheers,

Adam


https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.


As far as I understand; no demand and low price results in small blocks and vice versa. So, first I set my miners on VTC, then immediately buy the coins on exchanges, then block reward goes skyhigh, then I mine even more coins. Everyone wakes up and starts buying VTC, then I mine even more and then I sell all VTC for nice price.

Any rough estimation how long it will take until it works?
sammy007
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December 30, 2014, 05:01:40 AM
 #393

https://vertcoin.org/wp/ann-vertcoin-elasticity/

Quote
it is now a matter of implementation

Share some details please, otherwise it sounds like block reward will rely on exchange api/price.

If they can make it work the elastic distribution model in VTC will be the best thing since sliced bread.
Once again VTC shows great innovation.

In other words it will be LTC done right.

Akvilon_v
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December 30, 2014, 06:47:55 AM
 #394

The system of elasticity does NOT affect the block reward (ie. the subsidy). Nor does it directly impact anyone's wallet balance, as in, without their interaction. Sorry all, but the details are under wraps until we get closer to releasing. Trust me, I wish we could say more as it is very exciting, however, it is in our best interest to keep it on the DL.

Cheers,

Adam
I guess, "elasticity" means change of block generation algorithm. Periodic block generation and meaningless calculations  are a trash for payment system. If block generation will depend of new transactions appearence - it will be really great.

Chance favors the prepared mind. :-)
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December 30, 2014, 08:59:22 AM
 #395

Wow! Really nice move, adam and james Smiley

If you want to publish something about that just PM me your PR.

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December 30, 2014, 01:51:13 PM
 #396

One heck of a wall on cryptsy. Going to take a while to chew threw it...

Perhaps it will simply vanish when it's has been eaten into a bit.
LTCMAXMYR
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December 30, 2014, 02:08:45 PM
 #397

One heck of a wall on cryptsy. Going to take a while to chew threw it...

Perhaps it will simply vanish when it's has been eaten into a bit.
great sell wall,someone don't wanna the price jump,is it the revenge of KNC?
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December 31, 2014, 12:52:47 AM
 #398

Vertcoin Forum - http://www.thisisvtc.com/

Now Open.

It's been a while since we had one last, and now with the renewed roadmap, developer and community support - I felt it was worthwhile investing in setting up a proper Vertcoin forum - away from the Reddits and the BitcoinTalks, a place we can call our own.

So please join up and lets get this community going again Smiley

There is just a single forum at the moment to keep things simple, but as things grow, new forums will be added as and when needed.



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Soma
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DonQuijote
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December 31, 2014, 12:58:56 AM
 #399

Vertcoin Forum - http://www.thisisvtc.com/

Now Open.

It's been a while since we had one last, and now with the renewed roadmap, developer and community support - I felt it was worthwhile investing in setting up a proper Vertcoin forum - away from the Reddits and the BitcoinTalks, a place we can call our own.

So please join up and lets get this community going again Smiley

There is just a single forum at the moment to keep things simple, but as things grow, new forums will be added as and when needed.


Good news!
We need a strong community

THE INGENIOUS GENTLEMAN DON QUIXOTE OF LA MANCHA
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a fool and his money ...
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December 31, 2014, 07:48:41 AM
 #400

why new thread? What was wrong with the old one?
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