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Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source - page 120. (Read 415431 times)

hero member
Activity: 609
Merit: 500
DMD,XZC
down down and down, how long?
not too long,the 270K VTC big holder vanished,
if it was KNC, means ASIC monster had gone.
it is a new beginning in the new year.

current the price is really cheap,mining is not profitable
wgd
legendary
Activity: 1815
Merit: 1005
down down and down, how long?
full member
Activity: 196
Merit: 100
member
Activity: 98
Merit: 10
why new thread? What was wrong with the old one?

Lyra2RE algo, ScyptN does not exist anymore
full member
Activity: 616
Merit: 103
why new thread? What was wrong with the old one?
legendary
Activity: 1551
Merit: 1002
♠ ♥ ♣ ♦ < ♛♚&#
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
legendary
Activity: 938
Merit: 1001
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.

hero member
Activity: 609
Merit: 500
DMD,XZC
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?
full member
Activity: 230
Merit: 100
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.
sr. member
Activity: 378
Merit: 250
Wow! Really nice move, adam and james Smiley

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

newbie
Activity: 40
Merit: 0
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.
legendary
Activity: 1904
Merit: 1003
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.
hero member
Activity: 778
Merit: 1000
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?
member
Activity: 111
Merit: 10
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.
newbie
Activity: 5
Merit: 0
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.
full member
Activity: 196
Merit: 100
After restart p2pool -> normal
full member
Activity: 196
Merit: 100
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
legendary
Activity: 1164
Merit: 1000
Einsteinium Foundation Board Member and Treasurer
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.
legendary
Activity: 1904
Merit: 1003
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.
hero member
Activity: 778
Merit: 1000
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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