Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source - page 122. (Read 415451 times)

Akvilon_v, дpyжищe!
Tы cдeлaл мoй вeчep!))
бpocaй этy кyxню нa пepвoм жe пaмпe - oни eщe пoлгoдa peшaть бyдyт чтo им дeлaть дaльшe, и кaк вceгдa пpидyмaют кaкyю-нибyдь никoмy нe нyжнyю xpeнaтeнь, и бyдyт гoвopить :  "Дa пox нaм нa цeнy, глaвнoe жы иннoвaции, блeaть!"
этo peaльнo мoнeтa для гикoв, a нe для инвecтopoв.

Hi, I used to hold VTC long ago and held the coin for a long time, finally I sold couple months ago.
Now reading this and the previous topic, I come to only one conclusion. Full concentration has to be on acceptance.
Maybe XPY ( allthough, I think chances are greaty that it's scam and will quickly crash) is a nice example what the public wants. All XPI buyers are entering because they made a nice website with walmart and macy accepting XPY.
At the moment investors only want to invest in coins that manage or seem to manage a width acceptance. People are not interested in premine, algo or whatever anymore. Noone cares about premine anymore, look at XRP and STR.
At the moment I am considering buying a lot of VTC because I think the coin is cheap, but I am not really sure if there any chance at all that VTC can omplete with other coins in the acceptance aspect. I like the aspect very much to have the option to pay  with VTC everywhere BTC is accepted, it's fantastic, but there is some campaign needed to make people do spend VTC.

Still considering....I need someone who convinces me to buy.

security issues with docker be careful, your entire coin collection can vanish in matter of < 1 second

Happy Holidays all and please be patient overall

Hi to all.
Please, help me with ccminer config. Got ccminer from official source, trying to run with cmdline:

ccminer.exe -a lyra2 -o stratum+tcp://pool.verters.com:4444 -u snpminer.1 -p x

ccminer runs, connects to pool, periodically showing some statistics from GPU0, but no accepted shares during a few hours of mining Found some info about forcing of diff setting, tried --diff 50, --diff 128, but no effect
Please, help to get the miner work.
Thanks in advance.

P.S. Hardware is GT 630.

Дa пoтoмy чтo этo peaльный пиздeц. Ужe кoтopый мecяц нa peдeдитe бaлaгaн нaблюдaю: нaд aгoнизиpyющим тeлoм coбpaлacь тoлпa вoздыxaтeлeй, кoтopaя нa кaждый пyк paдocтнo peaгиpoвaлa "Great! Wow! Excellent!" и нecлa вcякyю axинeю. Bcя нaдeждa былa нa paзpaбoв, чтo пoмeняют и вoзнaгpaждeниe c cмeнoй aлгopитмa или пoxyй чтo, нo cнизят тaкoй пpитoк ликвиднocти.. Xyй тaм.
Boн нa peдeдитe ёбнyтый нaглyxo xyйкин дeмaгoгию(диcпyт y нeгo, блядь, видитe ли) paзвoдит: "Vert is at the bottom. I never expected these levels to be reached."
И этoт eбaнькo бyдeт дaльшe yтeшaть ceбя, чтo днo дocтигнyтo... Ocoбeннo  в тeм мoмeнты, кoгдa бyдyт cтyчaтьcя cнизy. A чeгo былo oжидaть мoжнo, кoгдa нaxyяpили зa гoд xyeвy тyчy мoнeт? И тeпepь yдивляютcя дpyжнo, кaк этo тaк, цeнa нaeбнyлacь чyть ли нe в 100 paз.

Hacked a docker container to run the wallet. If anyone is interested, PM me.

Maybe it's smart to wait watching +29000 new coins being created every single day VS constant (or declining) fiat market cap. Maybe something good happens, like sugar daddy decides to shovel in +29000 fiat units tomorrow, and continues to do so for next 365 days  

I'm not sure what expectations coin creators had, when they came up with the initial emission math. In my very narrow understanding 1$ for 1VTC means 10 585 000$ market raise each year. Where this money will come from? VTC garage sales and friends from FED's printing facility?

Clear understanding of current situation and preemptive steps must be taken. Price should not fall forever. I'm for reducing block reward (maybe temporarily), official p2p pool (sign of dev quality), kick-starter to implement VTC payments on sites/stores, development of p2p exchange (VTC for food/job/building materials) ... list is opened to be continued

Akvilon_v вo мнoгoм coглaceн нo зaчeм тaк мaтepитьcя-тo ))

бгг lol
oни инoгдa peaльнo нyyy тyпыыыыeeeee))

maybe this is your opinion, I don't know who is selling but lyra2 is chewing up energy as well I can feel my black boxes heating up thank God it is winter at least they dont short circuit breakers as was the case with Scrypt-N, Scrypt-N also made many LTC Gear customers very unhappy when it was suddenly switched off

anyone that is selling VERT right now is taking negative FIAT maybe for the pleasure of conversion but it is just plain stupid if you ask me

in short we are all victims of temporary setback in the crypto currency, strong American economy strong American dollar and cheap gas on the top of it (they are telling me is going to be even cheaper, so you should see FIAT escaping speculative markets including alt coins) probably into the next year

all rest are folks that lare trying to recover GPU/energy costs by converting coins but it is negative so I have no idea how they do it  

Agree. But:
1. Many miners are enough clever now(not only vtc miners), they sell coins as soon as they get them. VTC miners have no reasons to keep coins, because tomorrow they can buy it at lower price if needed.
2. I don't see now any reasons for people to buy vert, when it's price is being dropped every month.
3. You are wrong about "same amount of tradeable value", because it's not the reason. The reason is that amount of "new" emissioned coins grows too fast and automatically decreases price of "old" coins.
4. As a matter of fact, there is no buisness to accept instrument of payment with 90% annual inflation rate. This is called a suicide. This instrument must be stable or increase own price for a long term.
5. I don't think, that coin holding is good thing for coin. Circulation - is the only way for coin to survive. At current levels of inflation healthy circulation is impossible.

Ёбaный бaбaй нaxyй, чeмy вac в Пpинcтoнax, Гapвapдax и пpoчиx Copбoннax yчaт, a? Пpocтeйшиe иcтины нe вкypивaeтe. Пoлный пиздeц, блядь, c мaтepиaльнoй чacтью.

give coin time , I hope you all have full time jobs here, it is not like VERT is alone in this predicament, coin in my signature is in the same predicament as well and that despite having former core bitcoin developer doing planning and work

I say let the blockchain run its course pools are working lyra2re is performing exceptionally well, and market price is on par with the rest , blockain is stable nodes are stable, let it roll...

you all make me smile sometimes , coin is barely one year old and some of you expect a sky  

cool write up here btw

http://newsbtc.com/2014/12/08/another-anti-asic-cryptocurrency-launched/

developer that modified wallet for lyra2re did much more than just code lyra2... copy here as well

SHAKE320 – The New POW Algorithm
The new algorithm is aiming to reduce mining costs by completely eradicating ASICs from the picture. A small description of KSHAKE320 describes it as a “new Proof-Of-Work algorithm (POW) based on the Keccak-F 1600 Sponge function in a mode called Extendable-Output (a.k.a. SHAKE). SHAKE’s variable output makes it ideal for a Proof-Of-Work solution, as it can easily be configured to require large amount of memory which increases the computing cost to those attempting to perform large-scale ASIC attacks.”

Incidentally, Vertcoin is also using the hash function Keccak in its chain algorithm, which also includes other algorithms like Skein, Groestl, Blake and Lyra2. However, the Kryptohash developers have implemented a 320-long mining hash, while Vertcoin uses the 256 one. Also, there is no mention of SHAKE in the Lyra2E whitepaper, which makes KSHAKE320 a truly unique algorithm thanks to handful of new features..

Reducing the subsidy will not change anything.

A 50VTC block at 0.00006 or a 25VTC block at 0.00012 - contain the same amount of tradeable value. VTC has been at both, and far higher also.

The coin has been around for 11 months now (in two weeks, it will be a year) - so of course the Market Cap is 1/12th of the monthly created value - This is because there was no Premine so the distribution is wholly even (until the normal halvening that will occur).

The issue then isn't 50vtc or that every miner may want to dump their coins (illogically or not) - its that 50vtc isn't worth a damn lot these days, and changing that to 25, 10, 5 or even 1vtc per block won't change that.

We need reasons for people to want to buy the coin.

If you want shiny days again, dump the rest of your LTC regardless of it's price while it still breathing and buy VTC. The one and only reversal I see ATM. I did it today.

I'll tell you the only right strategy for any altcoin(for example, darkcoin):
1. survive any way;
2. wait for competitor's death;
3. grow up.

Dangerous is not price per coin, dangerous is total capitalisation.

agreed, decrease block reward cannot save a coin,such as quarkcoin,fast reduce,and fast be ash

I am still amazed that when something doesn't go as planned, someone asks for a change in block reward...
This strategy has always failed, I can't find any coin on which it was done successfully, and yet there are always someone asking for it...

At this point price in USD doesn't matter for coin's life, important is capitalisation. I tell you, that vert is not strong yet, regular dumps will kill coin in nearest future, because total vert capitalization soon may be not enough just for development support. In current conditions altcoin development and PR needs money, money and money again.
Inflation is main, but not the only problem now.

$580 x 30 = $17400 monthly

and

MARKET CAP (USD)
$158,034 atm

see what I mean?

Ok, right what you said, but please don't forget:

29000 coins is not much money the market needs to absorb.

29000 x $0.02 = $580.

~29.000 daily mined coins not a problem? That's about 10 miilion coins per year. In present it means 50% "natural" inflation value. Giant as bitcoin has 10% value, litecoin - 30%. Vert is not such strong yet to deal with such negative. In my experience, 1 year is a boundary, beyond which is coin's new life or death(not counting the protracted agony). It's time to make responsible decisions now.