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

[Exoskeleton]

@jamesl22 Hello!

What's the status of Elasticity project?

Best regards

I never really liked the idea of "Elasticity". It would be too easy for whales to manipulate the market. And what exchange would you use to dictate what the "price of the coin" is. You would have to put it in the code, and what if that/those exchanges got shut down or stopped working with that code...

I don't feel like getting into it now because it involves somewhat complex economics but I say the way a coin is distributed should never change once launched. Hashing algo is another thing altogether, and I'm proud of how the Devs did a good job of squashing that botnet in good time.

[tankist0]

Hello Vertguys, is it possible to mine with cpu nowadays? And what software are you using? I know, my question sounds crazy, but still 

[pallas]

Hello Vertguys, is it possible to mine with cpu nowadays? And what software are you using? I know, my question sounds crazy, but still 

Since lyra2rev2, no longer: too much advantage for the gpus. Well, technically you still can, try tpruvot cpuminer.

[tankist0]

Since lyra2rev2, no longer: too much advantage for the gpus. Well, technically you still can, try tpruvot cpuminer.

Thanks for the answer. Increased gap between cpu & gpu performance in actually good news, recalling the fact that previous algorithm was heavily utilized by cpu botnet )) Concerning the tpruvot - it appears I need to compile the latest github source to check the lyra2rev2 performance, as released version doesn't seem to support it.

[Alexthesalamander]

This coin still has an active dev right?

[jwinterm]

@jamesl22 Hello!

What's the status of Elasticity project?

Best regards

I never really liked the idea of "Elasticity". It would be too easy for whales to manipulate the market. And what exchange would you use to dictate what the "price of the coin" is. You would have to put it in the code, and what if that/those exchanges got shut down or stopped working with that code...

I don't feel like getting into it now because it involves somewhat complex economics but I say the way a coin is distributed should never change once launched. Hashing algo is another thing altogether, and I'm proud of how the Devs did a good job of squashing that botnet in good time.

I tend to agree that I don't like the idea of elasticity or changing coin emission in general after launch, but, from what I understand, the change in coin emission wouldn't be related to the price, but more to the network, I think. So, if hash rate was increasing rapidly, then more coins would be emitted and if it was going down then less, I think, or vice versa. I was just under the impression that it would be hashrate dependent not price.

[djnocide]

@jamesl22 Hello!

What's the status of Elasticity project?

Best regards

I never really liked the idea of "Elasticity". It would be too easy for whales to manipulate the market. And what exchange would you use to dictate what the "price of the coin" is. You would have to put it in the code, and what if that/those exchanges got shut down or stopped working with that code...

I don't feel like getting into it now because it involves somewhat complex economics but I say the way a coin is distributed should never change once launched. Hashing algo is another thing altogether, and I'm proud of how the Devs did a good job of squashing that botnet in good time.

I tend to agree that I don't like the idea of elasticity or changing coin emission in general after launch, but, from what I understand, the change in coin emission wouldn't be related to the price, but more to the network, I think. So, if hash rate was increasing rapidly, then more coins would be emitted and if it was going down then less, I think, or vice versa. I was just under the impression that it would be hashrate dependent not price.

It would be better if it was hashrate dependant and that the emission is lower if the hashrate increase.

[Exoskeleton]

@jamesl22 Hello!

What's the status of Elasticity project?

Best regards

I never really liked the idea of "Elasticity". It would be too easy for whales to manipulate the market. And what exchange would you use to dictate what the "price of the coin" is. You would have to put it in the code, and what if that/those exchanges got shut down or stopped working with that code...

I don't feel like getting into it now because it involves somewhat complex economics but I say the way a coin is distributed should never change once launched. Hashing algo is another thing altogether, and I'm proud of how the Devs did a good job of squashing that botnet in good time.

I tend to agree that I don't like the idea of elasticity or changing coin emission in general after launch, but, from what I understand, the change in coin emission wouldn't be related to the price, but more to the network, I think. So, if hash rate was increasing rapidly, then more coins would be emitted and if it was going down then less, I think, or vice versa. I was just under the impression that it would be hashrate dependent not price.

It would be better if it was hashrate dependant and that the emission is lower if the hashrate increase.

Is this not what the diff adjustments built into almost all coins is for. Correct me if I'm wrong, but the difficulty adjustment, as currently configured,  does this already by keeping the coin output stable as the hashrate rises.

This is ideal as far as I'm concerned because it gives a solid timeframe of distribution. Combined with the block halving this gives a gradual and fair distribution method that is predictable and stable. I say don't fix what isn't broke.

Besides, it looks like coding for this feature has come to a stop. I say we should let it die. The coin is strong as is. If we keep bringing this up and never follow through on it, it makes the dev team look really weak and the coin seem unfinished.

[crackfoo]

Hi,

We'ved added VTC to the miners multipool: www.zpool.ca

Cheers!

[jwinterm]

...

Besides, it looks like coding for this feature has come to a stop. I say we should let it die. The coin is strong as is. If we keep bringing this up and never follow through on it, it makes the dev team look really weak and the coin seem unfinished.

Let us never speak of elasticity again...

[ltcgearscammed]

Blank

[djnocide]

...

Besides, it looks like coding for this feature has come to a stop. I say we should let it die. The coin is strong as is. If we keep bringing this up and never follow through on it, it makes the dev team look really weak and the coin seem unfinished.

Let us never speak of elasticity again...

Guys, what was elasticity in the first place? I tried to find a whitepaper or a statement or something about it, but never managed to get on it. Plus why aren't the devs posting anything about the course of their developement?

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

[Exoskeleton]

Guys, what was elasticity in the first place? I tried to find a whitepaper or a statement or something about it, but never managed to get on it. Plus why aren't the devs posting anything about the course of their developement?

I don't think the devs are doing too much these days and it suits me quite fine. In my opinion the coin is well built and strong as is. We have all the features we need in a truly ASIC/botnet/exploit resistant coin here, no pre-mine, and a fair start with a great well distributed release. Its GPU friendly which is where Bitcoin and later Litecoin got their start and solid user base.

When a CPU botnet came online a few months ago the user base discovered it quickly and we did a hard fork to squash it cold. This all happened in the course of a month or two. That is the devs coming through strong where it counts, and that is what matters to me personally. Also, the fact that someone took the time to make such a powerful botnet shows that there is a true interest in this coin.

As far as I am concerned the coin is perfect as it stands for now. No more development is needed. All we need is to watch out for exploits and crush them out of the hashing algo. I don't see many more coming up, ever. I think the lack of "development" is overblown. If true development is needed, people in this community will step up quick.

[pallas]

Guys, what was elasticity in the first place? I tried to find a whitepaper or a statement or something about it, but never managed to get on it. Plus why aren't the devs posting anything about the course of their developement?

I don't think the devs are doing too much these days and it suits me quite fine. In my opinion the coin is well built and strong as is. We have all the features we need in a truly ASIC/botnet/exploit resistant coin here, no pre-mine, and a fair start with a great well distributed release. Its GPU friendly which is where Bitcoin and later Litecoin got their start and solid user base.

When a CPU botnet came online a few months ago the user base discovered it quickly and we did a hard fork to squash it cold. This all happened in the course of a month or two. That is the devs coming through strong where it counts, and that is what matters to me personally. Also, the fact that someone took the time to make such a powerful botnet shows that there is a true interest in this coin.

As far as I am concerned the coin is perfect as it stands for now. No more development is needed. All we need is to watch out for exploits and crush them out of the hashing algo. I don't see many more coming up, ever. I think the lack of "development" is overblown. If true development is needed, people in this community will step up quick.

true.
but the "as little development as possible" coin is bitcoin.
the altcoins are supposed to innovate, otherwise there is no reason for them to exist.
that's my opinion ;-)

[kold678]

what do i have to do to get this wallet to work here i have the qt running but it says no block source and yes downloaded newest wallet just dont know what i need to compile/make it work....any help would be great using windows...thanks in advance

[woody91]

what do i have to do to get this wallet to work here i have the qt running but it says no block source and yes downloaded newest wallet just dont know what i need to compile/make it work....any help would be great using windows...thanks in advance

You might need to put some addnode lines in a .conf file.

If it doesn't exist already create a vertcoin.conf file and place it in C:\Users\yourName\AppData\Roaming\Vertcoin directory.  Replace yourName with your computer's windows account name. Write the following line into your .conf file and save the file.

addnode=87.236.196.77


If that doesn't work read through the pages of this thread starting from this one backwards until you find posts with lines of code like

addnode=

Copy the code into the file with a .conf extension in your vertcoin wallet folder until your wallet starts to sync.

[kold678]

ive looked through about 20 pages and the op and nothing working out for me can anyone post there config file for me ..got a lot of vert i want outta cryptsy ..

[whatthismean]

New Vertcoin price ticker for Chrome if anyone is interested.
It displays the price of VTC-BTC for Poloniex, Bittrex, Cryptsy, and Bter.

Link to Chrome Store

[etoque]

well,its cheap now

[usukan]

New Vertcoin price ticker for Chrome if anyone is interested.
It displays the price of VTC-BTC for Poloniex, Bittrex, Cryptsy, and Bter.

Link to Chrome Store

It would be like a bad dream wouldn't it?