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Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 173. (Read 1232754 times)

full member
Activity: 169
Merit: 100
Guys. What dou think about similiar idea of Masternodes implements in Vertcoin ? Something like authorized official p2pools ?

Heh. I just brought this up to someone on Reddit asking a similar question.

C+P:

A few of us were discussing that there should be a reward cut out of each block that is sent to P2Pool node operators.
EX: Block Solved = 50 VTC (Block Reward) - 5 VTC (Node Operators)
If everyone mined on a node to dip into that 5 VTC per block, the block reward distrubution would essentially be the same... except VTC's network would be completely decentralized at that point.

Isn't this just an incentive to operate a P2Pool node?  What's the incentive for the basic miner to mine on someone else's P2Pool node?

I run my own private node so I wouldn't be passing the bonus vtc on.  There are a lot of node operators out there now, and 5 vtc split among all of them would be pretty insignificant.  You are not able to see all of the nodes on http://coin.cubeconnex.com/poollist/ , only the public ones.  Also don't forget there are 3 P2Pool networks, that would add some complexity.  You wouldn't be able to just keep the networks separate, because there could be 100 node operators on network 1 and 100 operators on network 3, but network 1 will find blocks more frequently.

I like the the general idea of trying to move people to P2Pool though.  The biggest incentive for me to run my own node is that it's the only time I have gotten paid the right amount for the hash I contribute.  That never happened on any centralized pool. 
full member
Activity: 280
Merit: 100
Guys. What dou think about similiar idea of Masternodes implements in Vertcoin ? Something like authorized official p2pools ?

Heh. I just brought this up to someone on Reddit asking a similar question.

C+P:

A few of us were discussing that there should be a reward cut out of each block that is sent to P2Pool node operators.
EX: Block Solved = 50 VTC (Block Reward) - 5 VTC (Node Operators)
If everyone mined on a node to dip into that 5 VTC per block, the block reward distrubution would essentially be the same... except VTC's network would be completely decentralized at that point.

+1 this is a great idea,i would like the devs to share their opinion on this Smiley

Pool operators are able to manipulate header when they found a block and make it looks like the block is coming from p2pool. So, it doesn't help.

There has to be another way to specify rewards to P2Pool miners. Maybe by something with relating to difficulty/shares?

Quote
P2Pool shares form a "sharechain" with each share referencing the previous share's hash. Each share contains a standard Bitcoin block header, some P2Pool-specific data that is used to compute the generation transaction (total subsidy, payout script of this share, a nonce, the previous share's hash, and the current target for shares), and a Merkle branch linking that generation transaction to the block header's Merkle hash.

https://en.bitcoin.it/wiki/P2Pool


Is it really that easy or worth it? I understand if a pool would mimic this within a few hours, but if it's something that is only known to be theoretically done... we could still pull a lot of miners into P2Pool.

I would really like VTC to have a special mechanic to safely boost P2Pool and further decentralize VTC.
full member
Activity: 168
Merit: 100
Guys. What dou think about similiar idea of Masternodes implements in Vertcoin ? Something like authorized official p2pools ?

Heh. I just brought this up to someone on Reddit asking a similar question.

C+P:

A few of us were discussing that there should be a reward cut out of each block that is sent to P2Pool node operators.
EX: Block Solved = 50 VTC (Block Reward) - 5 VTC (Node Operators)
If everyone mined on a node to dip into that 5 VTC per block, the block reward distrubution would essentially be the same... except VTC's network would be completely decentralized at that point.

+1 this is a great idea,i would like the devs to share their opinion on this Smiley

Pool operators are able to manipulate header when they found a block and make it looks like the block is coming from p2pool. So, it doesn't help.
full member
Activity: 121
Merit: 100
Guys. What dou think about similiar idea of Masternodes implements in Vertcoin ? Something like authorized official p2pools ?

Heh. I just brought this up to someone on Reddit asking a similar question.

C+P:

A few of us were discussing that there should be a reward cut out of each block that is sent to P2Pool node operators.
EX: Block Solved = 50 VTC (Block Reward) - 5 VTC (Node Operators)
If everyone mined on a node to dip into that 5 VTC per block, the block reward distrubution would essentially be the same... except VTC's network would be completely decentralized at that point.

+1 this is a great idea,i would like the devs to share their opinion on this Smiley
legendary
Activity: 1302
Merit: 1002
I have to admit, I was getting down on crypto and vert in general.. my big gambles, vert, blk, and a few others all took a dump.
The stealth news should give vert a nice shot in the arm once it goes live.. the big question is when to sell  Grin
play smart don't buy on hype..
If u buy on hype sell on hype...
market cap 1-10m is constant changing area por PnD...
Top 10 is preaty stable...
I just buy more coin in which i belive... ^^
So BLK , VTC , ANC....
Before December 2013 all alts got dump and mega pump with BTC pump.

ONE thing i hate in VTC heat while minig and is summer comming
full member
Activity: 280
Merit: 100
Guys. What dou think about similiar idea of Masternodes implements in Vertcoin ? Something like authorized official p2pools ?

Heh. I just brought this up to someone on Reddit asking a similar question.

C+P:

A few of us were discussing that there should be a reward cut out of each block that is sent to P2Pool node operators.
EX: Block Solved = 50 VTC (Block Reward) - 5 VTC (Node Operators)
If everyone mined on a node to dip into that 5 VTC per block, the block reward distrubution would essentially be the same... except VTC's network would be completely decentralized at that point.
sr. member
Activity: 355
Merit: 250
Guys. What dou think about similiar idea of Masternodes implements in Vertcoin ? Something like authorized official p2pools ?
member
Activity: 112
Merit: 10
I have to admit, I was getting down on crypto and vert in general.. my big gambles, vert, blk, and a few others all took a dump.
The stealth news should give vert a nice shot in the arm once it goes live.. the big question is when to sell  Grin
full member
Activity: 280
Merit: 100
price pumb and down

Someone said that in reddit yesterday after it went from .70 USD to .85 USD and back down to .75 USD.

Woke up today and it was .90 USD and now it's at .85 USD.

I'm excited to wake up tomorrow and see what it is.
member
Activity: 124
Merit: 10
hero member
Activity: 812
Merit: 1000
Do you have a monocle calc?
newbie
Activity: 51
Merit: 0
keep your vtc just like you keep your btc...
full member
Activity: 167
Merit: 100
Nice and easy grow. I don't want to see mega pump cause this will be followed with media dump. Such a coin need a easy and stable grow as we can see at the moment. I'm still mine VTC  and believe in this coin  Cool

p.s. i forgot to say a BIG THANKS to the dev team for a great job. It's be a pleasure to help for vert development. I'm familiar with html, php, wordpress and a lot of design programs.
full member
Activity: 280
Merit: 100
I heard about this coin since around the time it came out, but never really bought in or mined it. Now that scrypt ASIC miners are really coming out mining that algorithm seems futile with what I own. I still want to mine so I feel VTC/scrypt-n is the best logical choice for me. It seems to have kept a strong following all this time and is actually going places. So I'm pointing my miner at VTC and bought in. I'm sure others will come to the same conclusion. I just don't really trust the longevity of some of the higher priced coins. We will see : )

I would highly suggest mining/investing some VTC soon. Especially before the 450 MH/s Scrypt units are released.

If you have any questions on getting set up, feel free to stop by VTC's subreddits:

www.reddit.com/r/vertcoin
www.reddit.com/r/vertcoinmining



Make sure you merge mine to maximize mining profits. Right now you can mine MON and PLX. I actually hold on to MON because it's backed by the developers and used as a test bed for new features (ex: stealth address). PLX is useless (pre-mined), in my opinion, but has still endured some pumps.

I also highly encourage mining on P2Pool 1,2, or 3. I'm not entirely sure what hash rate arrays correspond to each P2Pool network, but you can do some digging around.

When mining VTC, try to aim for 45% of your normal Scrypt mining performance. (ex: Scrypt = 1,000 KH/s | Scrypt-N(VTC) = 450 KH/s)

Welcome and happy mining =)
member
Activity: 77
Merit: 10
I heard about this coin since around the time it came out, but never really bought in or mined it. Now that scrypt ASIC miners are really coming out mining that algorithm seems futile with what I own. I still want to mine so I feel VTC/scrypt-n is the best logical choice for me. It seems to have kept a strong following all this time and is actually going places. So I'm pointing my miner at VTC and bought in. I'm sure others will come to the same conclusion. I just don't really trust the longevity of some of the higher priced coins. We will see : )
newbie
Activity: 54
Merit: 0
I am glad that I didn't sell my VTC with recent downtrend , patience eventually pays off in crypto .

Only when the coin is a good one. And this is definitely one of them.
hero member
Activity: 588
Merit: 500
See price is increasing again, without adjusting block rewards.

VTC is a coin to hold for longterm!
hero member
Activity: 770
Merit: 500
I am glad that I didn't sell my VTC with recent downtrend , patience eventually pays off in crypto .
sr. member
Activity: 299
Merit: 250
The Great Cryptocurrency Anonymity Debate Intensifies as Vertcoin Tests Stealth Addresses   is that true?

There's no debate actually, the other "anonymous" coin is just a distributed -but centralized- coin mixer.


40% instamined distributed -but centralized- coin mixer.

Wink
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