Topic: Vertcoin - 1 | ASIC - 0 | Lyra2RE | Decentralised | GPU Mineable | Open Source - page 140. (Read 415451 times)

 Finally a coin to mine with GPU 

Thank you James. Hello to all from the Vertcoin Developers!

What is Vertcoin?

Vertcoin is different. Unlike many other coins you will see on this forum, Vertcoin has a purpose, a goal which drives the community and developers to constantly innovate. Committed to the decentralisation Satoshi originally dreamed of, Vert has consistently evolved over time to combat the threats to this dream. As a result, one of our main features is ASIC resistance, having forked successfully to a new proof of work algorithm called "Lyra2RE" upon discovering that Scrypt-N ASICs were being developed. We believe that by keeping the mining process in the hands of those with generalised, low-risk, consumer grade hardware, we can lower the entry requirement for miners, increasing the number of individuals mining the coin which in turn leads to true decentralisation.

Our primary innovations

Lyra2RE



White paper: https://vertcoin.org/downloads/Vertcoin_Lyra2RE_Paper_11292014.pdf

Our revolutionary new proof of work algorithm, designed to be ASIC resistant at its core, made its debut at block 208301. In addition, responding to calls from our miners, Lyra2RE has a ~15% power usage reduction on X11. Lyra2RE has replaced Scrypt-N, our previous proof of work and a Vertcoin innovation in itself, in order to defeat the ASIC miners that were released for it. The fork has successfully been carried out, once again making Vertcoin a decentralised, ASIC-free zone and fulfilling Vertcoin's promise to hard-fork if an ASIC threat becomes apparent, a promise which Litecoin made, but didn't deliver on.

Stealth Addresses

Stealth addresses are a way for a payer and a payee to have a private exchange of funds.
http://www.youtube.com/watch?v=dAUV5FvceM4

Getting started

Wallets

Linux (most pools):

Daemon (x86): https://github.com/vertcoin/vertcoin/releases/download/v0.10.0.0/vertcoind-v0.10.0.0-i386.zip
Daemon (x64): https://github.com/vertcoin/vertcoin/releases/download/v0.10.0.0/vertcoind-v0.10.0.0-amd64.zip

Qt (GUI)(x86): https://github.com/vertcoin/vertcoin/releases/download/v0.10.0.0/vertcoin-qt-v0.10.0.0-i386.zip
Qt (GUI)(x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.2/vertcoin-qt-v0.9.0.2-amd64.zip

Windows:

Qt (GUI)(x64): https://github.com/vertcoin/vertcoin/releases/download/v0.10.0.0/vertcoin-qt-v0.10.0.0-WIN64.zip
Qt (GUI)(x86): https://github.com/vertcoin/vertcoin/releases/download/v0.10.0.0/vertcoin-qt-v0.10.0.0-WIN32.zip

Daemon (x64): https://github.com/vertcoin/vertcoin/releases/download/v0.10.0.0/vertcoind-v0.10.0.0-WIN64.zip
Daemon (x86): https://github.com/vertcoin/vertcoin/releases/download/v0.10.0.0/vertcoind-v0.10.0.0-WIN32.zip

OSX:

10.8+: https://github.com/vertcoin/vertcoin/releases/download/v0.10.0.0/Vertcoin-Qt.dmg

Source:

https://github.com/vertcoin/vertcoin

Pool Software

P2Pool: https://github.com/metalicjames/p2pool-Lyra2RE
stratum-mining: https://github.com/metalicjames/stratum-mining-Lyra2RE
node-stratum-pool: https://github.com/sammy007/node-stratum-pool/tree/lyra2re
node-multi-hashing-pool: https://github.com/sammy007/node-multi-hashing/tree/lyra2re
Python Module: https://github.com/metalicjames/lyra2re-hash-python

Miners

AMD/ATI:

New miner (use after fork): https://github.com/djm34/sgminer/releases/

nVidia:

New miner (use after fork): https://github.com/djm34/ccminer-lyra/releases/

CPU:

Source: https://github.com/tpruvot/cpuminer-multi

Technical Details:

Algorithm: Lyra2RE (Scrypt-N before block 208301)
Symbol :  VTC
Max Coins: 84 million VTC.
Block time: 2.5 minutes
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time:  Every block with Kimotos Gravity Well algorithm
Block Rewards: 50 coins per block

Premine - None

There is no premine except three, normal blocks done to test the network (150 coins).  You can use the block explorer below to look them up.  Unlike many other coins, no one has received a large amount of free coins to dump on an exchange.

Merchants accepting VTC (there are many)

http://www.reddit.com/r/vertcoin/comments/2kgl3w/merchant_monday_october_27_2014/

Pools

• P2Pool - https://github.com/metalicjames/p2pool-Lyra2RE - http://coin.cubeconnex.com/poollist/ (Pools with version aecc82d are newest)
• Verters - https://pool.verters.com/
• SimpleMulti - http://www.simplemulti.com/
• Coinotron - https://www.coinotron.com/
• Coinmine - https://www2.coinmine.pl/vtc/
• Hashlink - http://vtc.hashlink.eu/
• Crunchpool - http://p2pool.crunchpool.com:9171/static/
• P2Pool.pl - http://p2pool.pl/
• Hamsterpool - https://hamsterpool.com
• Miners-Pool https://www.miners-pool.eu/#!/pools/vertcoin
• Aikapool - http://aikapool.com/vtc/

Explorer

http://explorer.thisisvtc.com/

How To Mine

https://pool.verters.com/index.php?page=gettingstarted

Active Developers

• Bushido - [email protected]
• a432511 - [email protected]
• jamesl22 - [email protected]

Contact

Forum: http://www.thisisvtc.com/
twitter : https://twitter.com/Vertcoin
reddit : http://www.reddit.com/r/vertcoin/
IRC : #vertcoin on freenode

Block distribution - Remember to spread hashrate!



Development Fund

If you wish to help further Vertcoin's development, we would really appreciate any donations you can make. Your donations were pivotal in getting Lyra2RE pushed as it allowed us to hire the people required for miner development. Please send what you can to this address: VpBsRnN749jYHE9hT8dZreznHfmFMdE1yG or vJmsiNXPUGxhwr8PENK52F3x7fqGaNo4m9a4VHbsZdoG6s99dxQ4Qeucbd9vMULMbdyM2wxiEmZrsjM ob8EYT5Lmq5JBTXjt5HqnuU