Topic: SCRYPT-N AUTO SWITCH POOL (Read 5080 times)
CoinSolver (http://coinsolver.com) has a Scrypt-N multipool in beta right now. Once we get more hash, we can mine VTC and SPA and really kick off some profits. Right now we are mining small coins. Mind you this is BETA! All suggestions welcome! More info on the CoinSolver site. Payouts have been on point thus far.
well, trademybit have a autoswitch for scrypt-n https://pool.trademybit.com/home/
Sorry..I was just trying to find out what is this Auto Switch actually does? What is the purpose? Thanks in advance!
That is what they claim to do, and that is in fact what they do... and they do it well. The problem is that when they do that, there are significant repercussions. I don't argue that there should be no multipools, I simply think that it's OK to have coins whose stated goal is ASIC and multipool resistance. That's a differentiator, which is good in a free market.
And you all do realize ASIC will be mining n-Scrypt by Christmas 2014 right???
Merry Christmas..
Perhaps there will be a scrypt-n ASIC in December, but it will take a significant amount of resources to research, design, prototype, test, tool-up and produce. A couple feisty crypto developers can, and probably will, fork a coin using few resources and little effort and render all that investment worthless. If I were an ASIC builder, I'd focus where I felt my investment would be better spent, and it would not be on a market full of smart folks who are highly committed to being ASIC resistant. It's just not good business. Merry Christmas..
And you all do realize ASIC will be mining n-Scrypt by Christmas 2014 right???
Merry Christmas..
Merry Christmas..
Yeah, and GDDR6 will mine it better. hhahahahaaha
Also, I don't believe that ASIC devs honestly think that their customers will make the ROI+profit. They know for sure that these machines will crash any coin they touch. All the calculations you make now with current profitability is going to be completely inaccurate. They'll use the chips themselves, lower the price of every scrypt coin so much that you'll want a refund but you know, all sales are final. You'll never be able to get a ROI.
Don't compare scrypt coins with Bitcoin and think that they'll survive a sudden X100 hash increase. The community saved BTC but all the others, even including LTC will be dumped to dust. This is a big mistake IMO. Don't support them for a few months of "profit".
BTW, I'm not concerned about the current mini-ASICs but that 250Mh/s per single unit one in particular.
And you all do realize ASIC will be mining n-Scrypt by Christmas 2014 right???
Merry Christmas..
Merry Christmas..
Yeah, and GDDR6 will mine it better. hhahahahaaha
well, trademybit have a autoswitch for scrypt-n https://pool.trademybit.com/home/
Sorry..I was just trying to find out what is this Auto Switch actually does? What is the purpose? Thanks in advance!
And you all do realize ASIC will be mining n-Scrypt by Christmas 2014 right???
Merry Christmas..
Merry Christmas..
well, im already developing a project for such task, so sorry 
I admire the entrepreneurial spirit in you, but beware. The vertcoin developers have said that if someone creates an ASIC or multipool for scrypt-n, they will fork and implement some undisclosed new strategies to circumvent them. They will, of course, wait until the projects are well underway to make sure any investment in these projects is worthless.I love how in Crypto community we brag about the coins being "decentralized" and here the developers are the GOD OF THE COIN and completely and fully, control everything about the coins and could change anything, at will.
And we go wonder why no one wants to accept our coins as a currency despite these "coins" being around for such a long time.
Forking a crypto into another algorithm, implementing an ASIC-resistant algorithm, or using an anti-multipool technology like Digi-Shield helps them to do that. If you don't like it, mine another crypto. There are plenty of them out there, and enough for everyone to have some that are targeted to them.
It's funny though, that when some cryptos see ASICS and multipools as an attack and try to defend themselves, the reaction of the aggressors is to attack harder, while encouraging those cryptos not to defend themselves. Get real. Just move on to some other crypto and leave them alone.
well, trademybit have a autoswitch for scrypt-n https://pool.trademybit.com/home/
Multipools are partially responsible for the scrypt market going down so drastically and quickly. They move to a coin once their algorithm sees that the difficulty is down (from low network hash), and they pound it with a ton of hash. They grab a ton of coins, and the high hash pumps up the difficulty. When it's no longer profitable, they jump to the next crypto, and leave the rest of the miners with a disproportionally high difficulty that their much lower hash can't solve. After a long, unproductive time the difficulty drops again, and just as the regular miners start getting coins again, the multipool is back... pounding it again. So the multipools get the low difficulty, highly productive blocks and the little miners get the high difficulty low productivity blocks.
While all this is going on, the multipool is also dumping piles of every crypto they mine in the open market for whatever they can get for them, driving the market values straight down. This is not only unsustainable, it's immoral and unethical. This is the type of behavior that old-school robber-barrons participated in. The multipools USE the little guy miners to make cryptos profitable, then essentially "take their lunch money at recess."
While all this is going on, the multipool is also dumping piles of every crypto they mine in the open market for whatever they can get for them, driving the market values straight down. This is not only unsustainable, it's immoral and unethical. This is the type of behavior that old-school robber-barrons participated in. The multipools USE the little guy miners to make cryptos profitable, then essentially "take their lunch money at recess."
No and please dont make any. Thank you in advance 
)
)I think we'll see more of them very soon and those ASICs you invested in will begin collecting dust sooner than their first bitcoin bros did at the time. Because this time people are prepared to react and know how to react. Don't be surprised to see Litecoin convert to scrypt-n or any other memory intensive algo. It will happen - unless the community wishes to see 1LTC @ $0.01 in 2015.
EDIT: Sadly, leading Litecoin devs seem to be against this. They think that ASICs won't kill Litecoin. (This is more like a defense for their inability to fork it without messing it all up.) We'll all see what will happen when people start mining with those 250Mh/s units and dump them all. Then it'll be "Good bye LTC... You lost your purpose." It's only going to be fair when it fails. Sad.
I love how in Crypto community we brag about the coins being "decentralized" and here the developers are the GOD OF THE COIN and completely and fully, control everything about the coins and could change anything, at will.
And we go wonder why no one wants to accept our coins as a currency despite these "coins" being around for such a long time.
This is a good thing. It's not controlling the value(directly) but preventing unfair control of value. If you like comparing to fiat, think of it like adding a hologram to the paper money.
-- coinsolver is also working on a scrypt-n version.
With all this Greedsed crapsh**t going arround and mining scrypt coin multi pool, its time to move over to Scrypt-N which is ASIC scrypt resistance (for now) and its more profitable than multi-scrypt pools.
Just today i made 0.00609BTC/MH/Day by mining Vertcoin (Scrypt-N coin) after exchanging to BTC
So my question is.... will there be a Scrypt-N auto-switch pool?
Just today i made 0.00609BTC/MH/Day by mining Vertcoin (Scrypt-N coin) after exchanging to BTC
So my question is.... will there be a Scrypt-N auto-switch pool?
I cant even find a full list of VTC compatible coins, which is the first step in making a multipool, can you find a list?
So far I see
VTC
EXE
SPA
GPUC
RT2
Is that it? Are all of these compatible? Meaning mineable with Vertminer?
Add these to the list:
VTC
EXE
SPA
GPUC
RT2
XSV
H2O
With all this Greedsed crapsh**t going arround and mining scrypt coin multi pool, its time to move over to Scrypt-N which is ASIC scrypt resistance (for now) and its more profitable than multi-scrypt pools.
Just today i made 0.00609BTC/MH/Day by mining Vertcoin (Scrypt-N coin) after exchanging to BTC
So my question is.... will there be a Scrypt-N auto-switch pool?
Just today i made 0.00609BTC/MH/Day by mining Vertcoin (Scrypt-N coin) after exchanging to BTC
So my question is.... will there be a Scrypt-N auto-switch pool?
I cant even find a full list of VTC compatible coins, which is the first step in making a multipool, can you find a list?
So far I see
VTC
EXE
SPA
GPUC
RT2
Is that it? Are all of these compatible? Meaning mineable with Vertminer?
Since we all are taking about scrypt-N
is there is any list of the coins that work with that system?
also, I heard about coins that use X11, is there is a list of the coins with that system too.
I wanna make sure I have a place to go when the ASIC destroy scrypt.
thanks
is there is any list of the coins that work with that system?
also, I heard about coins that use X11, is there is a list of the coins with that system too.
I wanna make sure I have a place to go when the ASIC destroy scrypt.
thanks
ASICs already destroyed Scrypt, did you find a place to go yet?
well, im already developing a project for such task, so sorry
I admire the entrepreneurial spirit in you, but beware. The vertcoin developers have said that if someone creates an ASIC or multipool for scrypt-n, they will fork and implement some undisclosed new strategies to circumvent them. They will, of course, wait until the projects are well underway to make sure any investment in these projects is worthless.I love how in Crypto community we brag about the coins being "decentralized" and here the developers are the GOD OF THE COIN and completely and fully, control everything about the coins and could change anything, at will.
And we go wonder why no one wants to accept our coins as a currency despite these "coins" being around for such a long time.
well, im already developing a project for such task, so sorry
If you are actually serious than I implore you to adopt a more coin friendly method of multi-mining, a method such as what coin shift is using.
That would imply he'll finish ( ¬‿¬)
well, im already developing a project for such task, so sorry
If you are actually serious than I implore you to adopt a more coin friendly method of multi-mining, a method such as what coin shift is using.
well, trademybit have a autoswitch for scrypt-n https://pool.trademybit.com/home/
There is no auto-switcher pool for Scrypt-n yet.
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