I seem to be thinking very childish and elementary on this, but couldn't you stop ASICs by making the algo REQUIRE a GPU or CPU? Have some sort of hardware detection process, and if you don't run a certified AMD/NVIDIA GPU or Intel/AMD CPU then it won't give you work/shares.
I'm not sure if that is really possible in the realm of mining, just something I thought of the other night.
Topic: does anyone know why vtc is so strong - page 2. (Read 3362 times)
Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
Litecoin 2.0every good coin gets ASICs there's no running away from that.
yeah but not now, that's the deal, before they release an asic for vert, at least one year will pass, in the meantime another anti asic algo will pop up and so on...
Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
Litecoin 2.0every good coin gets ASICs there's no running away from that.
Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
Litecoin 2.0
If you can't afford to buy VTC at current prices, there are other ASIC-resistant coins available. MicroCoin is especially cheap right now.
The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
Basically this, Verticoin appears to be the most resistant by far to ASICs of the current crop of alt coins.
isn't x11 or the heavycoin algo better? your vga run much cooler comapred to scrypt-n
The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
centralizing the mining aroung gpu only is not decentralization
you can't centralized around gpu, because gpu can be obtained by everyone, asic instead, not so much(not talking about low hash asic)
Thirtybird has had a lot of success mining YAC with R7 GPUs.
YAC was the first scrypt/cha-cha coin with increasing N factor so it is definitely one to watch when scrypt asics come out.
There are another two big N factor increases scheduled for this year.
Yacoin is also also heavily under valued right now so this is a golden opportunity for speculators to come in and buy YAC by the truckload for very cheap.
https://bter.com/trade/yac_btc
https://www.cryptsy.com/markets/view/11
YAC has been largely forgotten in the excitement of the other new coins but it will deliver.
The fact that many investors have forgotten about YAC means that ASIC resistance has not yet been priced in giving huge potential for gains.
YAC was the first scrypt/cha-cha coin with increasing N factor so it is definitely one to watch when scrypt asics come out.
There are another two big N factor increases scheduled for this year.
Yacoin is also also heavily under valued right now so this is a golden opportunity for speculators to come in and buy YAC by the truckload for very cheap.
https://bter.com/trade/yac_btc
https://www.cryptsy.com/markets/view/11
YAC has been largely forgotten in the excitement of the other new coins but it will deliver.
The fact that many investors have forgotten about YAC means that ASIC resistance has not yet been priced in giving huge potential for gains.
i'll give vertcoin mining a try. thanks, people in this thread.
The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
centralizing the mining aroung gpu only is not decentralization
GPUCoin, VertCoin, EXECoin, EmuCoin and ThorCoin will be the go-to coins for us non-ASIC miners.
Vertcoin is the 3rd coin, the (new) GPU coin
It's just the beginning
It's just the beginning
I'm surprised it isn't stronger...
There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
How this coin would appeal to non-miners over other coins?vertcoin seems to appeal to miners more than the market. Vert mining may increase as more asics start showing up, but more vert doesn't mean anybody's buying it.
Also, the VTC wallet (on windows at least) supports the vertcoin: protocol for accepting http requests from QR Code scanners.
So you can display a QR Code on your website, customer scans the qr code & the vertcoin wallet opens to confirm & authorise the request.
How many other alt-coins have implemented this?
I believe BTC, LTC, DOGE, VTC have this functionality... If you know of others, let me know.
The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
Basically this, Verticoin appears to be the most resistant by far to ASICs of the current crop of alt coins.
The reason Vertcoin is potentially valuable is because it is ASIC resistant, which means it will continue to operate via a decentralized network in the future. As mining hardware becomes more specialized, barriers to entry and efficiency of scale cause mining operations, and therefore the network to become more centralized. The original promise of Litecoin, and the reason that it originally held such prominence, was that it would remain decentralized. With the introduction of scrypt ASICs it essentially no longer serves this purpose while Vertcoin does. The initial bump that Vertcoin is experiencing started the same day that KNCminer announced pre-orders for their scrypt asic. Also, Litecoin started dropping in value the same day...
There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
How this coin would appeal to non-miners over other coins?vertcoin seems to appeal to miners more than the market. Vert mining may increase as more asics start showing up, but more vert doesn't mean anybody's buying it.
Vertcoin golden days starts when Scrypt Asic's come
Vertcoin community is full of GPU miners and few investors, they flee to Vert because they cannot compete with incoming ASIC Scrypt machines. There is no real users (like many altcoins). These miners and investors don't want to sell, they HODL and dream that someday their coins will increase by 100 folds.
try bidding for three days, cannot get any, too long for a pump. it is like something is happening 
btw, I really hate those endless Icelandcoin, spaincoin, greececoin and stuff. can someone just end it? soon we will start to see Alabamacoins, buffalocoins.
btw, I really hate those endless Icelandcoin, spaincoin, greececoin and stuff. can someone just end it? soon we will start to see Alabamacoins, buffalocoins.
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