Author

Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 127. (Read 1232701 times)

hero member
Activity: 770
Merit: 500
devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

Care to share the source of your wisdom?

read back a few pages devs has already stated that before

They say that they're working on a new algo, and __IF__ n-scrypt asics materialize, then they will implement new algo. n-scrypt asics are just vaporware, as far as I'm concerned, so I'd be surprised if new algo is introduced before new year...but we shall just have to wait and see.

Who cares if scrypt-n asics are vaporware or in development , as long as Devs are ready to fork VTC as soon as Asics appear.
legendary
Activity: 3136
Merit: 1116
devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

Care to share the source of your wisdom?

read back a few pages devs has already stated that before

They say that they're working on a new algo, and __IF__ n-scrypt asics materialize, then they will implement new algo. n-scrypt asics are just vaporware, as far as I'm concerned, so I'd be surprised if new algo is introduced before new year...but we shall just have to wait and see.
member
Activity: 70
Merit: 10
devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

Care to share the source of your wisdom?

read back a few pages devs has already stated that before
legendary
Activity: 1647
Merit: 1012
Practising Hebrew before visiting Israel
Stealth addresses rely on the Elliptic curve Diffie-Hellman algorithm, originally used by Bitcointalk.org forum member ByteCoin, to generate an anonymous key agreement between payors and payees, enabling them to share a “secret” that can be used for them to divide funds.

A step-by-step diagram illusrates how Stealth addresses work in four steps:



    The payee publishes a public key ‘Q‘ and a corresponding private key ‘d‘.
    The payer generates a key pair where the private key = ‘e‘ public key of ‘P‘ where ‘P‘ is the transaction.
    The payer calculates ‘S=eQ‘, where ‘S‘ is a shared secret between the two parties. The payee calculates ‘S=dP‘ to get ‘S‘.
    With the secret shared, either side can calculate an offset to ‘Q‘, which acts as the address. The payee then checks the transaction, and if the address matches, spends the funds.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
Vertcoin come up again.

It's going to have a steady growth over the following days to ~ 0.02

The only thing growing steadily will be the electricity bill with this fucked up self-proclaimed asic resistant coin. I used to be in Vertcoin earlier when a Coindesk article came out and then I correctly realized why sell a coin just on the basis of asic resistance and that too one that just is worse in terms of energy?

Actually energy is the limiting factor for pretty much any miner. So the total energy consumed by any given PoW network will reach the same limits. The power just runs through different hardware - and this community would rather that hardware be equally and easily accessible to everyone.

NM man, I had no intention to fud up here. Just got aggravated by constant FUD attacks from ymer in Darkcoin thread for what appears to be months now. Having being at the receiving end of such attacks, I know how exhausting it can be. Don't intend to rile you guys up. Enjoy.
member
Activity: 87
Merit: 10
Vertcoin come up again.

It's going to have a steady growth over the following days to ~ 0.02

The only thing growing steadily will be the electricity bill with this fucked up self-proclaimed asic resistant coin. I used to be in Vertcoin earlier when a Coindesk article came out and then I correctly realized why sell a coin just on the basis of asic resistance and that too one that just is worse in terms of energy?

Actually energy is the limiting factor for pretty much any miner. So the total energy consumed by any given PoW network will reach the same limits. The power just runs through different hardware - and this community would rather that hardware be equally and easily accessible to everyone.
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
Vertcoin come up again.

It's going to have a steady growth over the following days to ~ 0.02

The only thing growing steadily will be the electricity bill with this fucked up self-proclaimed asic resistant coin. I used to be in Vertcoin earlier when a Coindesk article came out and then I correctly realized why sell a coin just on the basis of asic resistance and that too one that just is worse in terms of energy?
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
So now Vertcoin gangstas have decided to troll other coins?
full member
Activity: 162
Merit: 100
devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !

Care to share the source of your wisdom?
member
Activity: 70
Merit: 10
What do you think? 1 GH scrypt-n miner?

https://www.ehsminer.com/product/ehs-asic-scrypt-miner-vi/
LOL

Nah, I don't trust it, I live in France so if this wasn't a scam, we would already hear about it in the french bitcointalk part Wink

And seriously.... 1 Gh in this small pizzabox, what the fuck

In fact, even not in a 1u rack, 1 GH Huh idiot scam, 200 mh in scrypt-n would be ok but 1Gh...
Looks like a total scam to me as well. 1GH Scrypt-N? I guess that would make it 2GH Scrypt, right, or will ASICs that can do Scrypt-N not scale the same as GPUs? Also, isn't the first N-Factor adjustment coming in January? I would assume it's theoretically possible to make an ASIC that will handle any N-Factor, but it will still scale like GPUs (and it would need a lot of RAM I believe in order to be able to run higher N-Factors effectively).

Scrypt-N ASIC scale two times worse than GPUs:

"We are using on chip memory.  N=16384 is the highest factor."
and
"As Scrypt-N is more memory intensive our hardware will mine at a proportionally lower hashrate as the N difficulty increases.  For example, we mine at 2.5MH/s per 10MH chip on Vertcoin."
https://bitcointalksearch.org/topic/m.6797880


For scrypt ASIC with variable N-factor mode - N=32768 seems to be the killer value
- and not because of some "architecture blocker", but because of the power efficiency:
GPU farm would be more efficient than such ASIC...



devs will be forking away from scrypt all together soon , so any how who cares .... this coin is and will remain ASIC free !
legendary
Activity: 1292
Merit: 1000
What do you think? 1 GH scrypt-n miner?

https://www.ehsminer.com/product/ehs-asic-scrypt-miner-vi/
LOL

Nah, I don't trust it, I live in France so if this wasn't a scam, we would already hear about it in the french bitcointalk part Wink

And seriously.... 1 Gh in this small pizzabox, what the fuck

In fact, even not in a 1u rack, 1 GH Huh idiot scam, 200 mh in scrypt-n would be ok but 1Gh...
Looks like a total scam to me as well. 1GH Scrypt-N? I guess that would make it 2GH Scrypt, right, or will ASICs that can do Scrypt-N not scale the same as GPUs? Also, isn't the first N-Factor adjustment coming in January? I would assume it's theoretically possible to make an ASIC that will handle any N-Factor, but it will still scale like GPUs (and it would need a lot of RAM I believe in order to be able to run higher N-Factors effectively).

Scrypt-N ASIC scale two times worse than GPUs:

"We are using on chip memory.  N=16384 is the highest factor."
and
"As Scrypt-N is more memory intensive our hardware will mine at a proportionally lower hashrate as the N difficulty increases.  For example, we mine at 2.5MH/s per 10MH chip on Vertcoin."
https://bitcointalksearch.org/topic/m.6797880


For scrypt ASIC with variable N-factor mode - N=32768 seems to be the killer value
- and not because of some "architecture blocker", but because of the power efficiency:
GPU farm would be more efficient than such ASIC...

sr. member
Activity: 308
Merit: 250
Vertcoin come up again.

It's going to have a steady growth over the following days to ~ 0.02
sr. member
Activity: 294
Merit: 250
Another question on Stealth Transactions:

Where exactly are the coins in between the time you send them and when they show up on the block explorer? Are blocks with Stealth Transactions exclusively SX, or can SX be mixed with "normal" transactions in a block (I'm guessing this is the case)?

As far as I can tell, the problem right now appears to be that many (most?) VTC wallets/servers are not running the latest code, so they don't support SX and thus they won't relay any coins from an SX. So I guess what needs to happen is that a pool/miner that supports SX needs to find a block, and only then can the transaction show up. If that's the case, is there some way to find out the percentage of nodes being found by SX enabled pools/miners -- and probably light a fire under the pools that haven't updated?
When you send to SX address, it will be send in next block and will be registered in blockchain as transaction to some random wallet address that is not associated with receiver address.
newbie
Activity: 32
Merit: 0
sr. member
Activity: 294
Merit: 250
Today I thought of starting a project ..... but apparently some have already done it

Anyone know who owned of this domain?
http://vertmap.com/

I was pleasantly surprised  Grin
http://www.reddit.com/r/vertcoin/comments/20p3o6/to_celebrate_the_first_merchant_monday_i_have/
hero member
Activity: 482
Merit: 500
Another question on Stealth Transactions:

Where exactly are the coins in between the time you send them and when they show up on the block explorer? Are blocks with Stealth Transactions exclusively SX, or can SX be mixed with "normal" transactions in a block (I'm guessing this is the case)?

As far as I can tell, the problem right now appears to be that many (most?) VTC wallets/servers are not running the latest code, so they don't support SX and thus they won't relay any coins from an SX. So I guess what needs to happen is that a pool/miner that supports SX needs to find a block, and only then can the transaction show up. If that's the case, is there some way to find out the percentage of nodes being found by SX enabled pools/miners -- and probably light a fire under the pools that haven't updated?
legendary
Activity: 1120
Merit: 1000
Today I thought of starting a project ..... but apparently some have already done it

Anyone know who owned of this domain?
http://vertmap.com/

I was pleasantly surprised  Grin
Jump to: