@vesperwillow stated that switching the algo to -n would hurt the coin. one of the main reasons for this is because asic only helps coins. gives them more hash power, secures the network, and overall generates more profit. the only downside of this is that some people dont understand that fact and want to move over to something only gpus can do. but we see where that has gotten us or any other currently asic restraint coin.
Vertcoin seems to be holding its own
yeah however there are some serious differences between the coins, not to mention how they were marketed
vertcoin
Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
Generation: 84 million VTC
Block time: 2.5 minutes
Block Rewards: 50 coins per block
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Retargets every block (Kimotos Gravity Well)
Premine: Zero - not premined
gpucoin
PoW Algorithm: Scrypt-N
Retarget: Every block using KGW
Block Time: 60 seconds
Initial Block Reward: 20,000
Max Supply: 13.5 billion
i'm no crypto master, but vertcoin having less volume and less of a reward automatically makes me think more value. no idea if thats generally the way it goes, but thats what would pop into my mind.
goes hand in hand with the amd gpu shortage, people ran out, and then companies started charging up to double the actual retail since they were getting harder to get your hands on.
this in theory makes me think that had we stuck to scrypt, even if asic was dropped on it. value goes up since its harder for smaller miners to get rewards. i'm no big miner, i've got a single 7950, but even knowing that asic is out there i'm not worried. asic would have to be put on every single coin for every coin to be effected. most people will mine 1 coin and stick to that 1 coin. not like every last asic in the world would be pointed right at gpuc. even if it were, the coins you'd mine would gain massively in price.
its just logic.
what would happen if right now every asic would simply shut off for 1 month on btc, you'd likely see a huge drop in price to where its worth as much as ltc.
