Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 206.

usao

legendary

Activity: 1109

Merit: 1000

Quote from: BorisTheSpider on April 04, 2014, 08:50:53 AM

I don't know how many times we have to publicly say "VTC will hardfork if necessary to keep ASICs out" - we must have said it a hundred times!

I'll say it again, in case repetition number 101 will help - VTC will hardfork if that every becomes necessary to keep ASICs out. This isn't LTC, we're not going to suddenly decide to give up and capitulate in the face of a need to hardfork, we will do whatever is necessary to keep VTC decentralised and in part that means excluding ASICs by whatever means necessary.

2 questions:
1) What exactly is a "hard fork" and how does it prevent ASICs from adapting to the algorithm in-use.
2) How can one tell exactly when ASICs have penetrated VTC mining, vs when GPU's shift to VTC mining because ASICs have forced them out of Scrypt?

tolguen

newbie

Activity: 54

Merit: 0

Good morning Vertans,

please find this week's Sunday morning web & communications report here:

CLICK ME HARD

If you like them I would REALLY appreciate if you donated some VTC or BTC to the following wallets:
VTC: VotAKLDKZDtFGcT5UAY1A3YjNNC8BLCfaz
BTC: 1EpUm3MoLgF7bFHqAXxJnCR4bQ174DQx86

Thank you so much guys!

TheCoinFinder

legendary

Activity: 938

Merit: 1001

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fanepatent

full member

Activity: 224

Merit: 100

Quote from: sammy007 on May 18, 2014, 10:31:55 AM

Quote from: fanepatent on May 18, 2014, 10:22:24 AM

New Vertcoin p2pool

http://mining.servehttp.com:9171

2% fee

Just curious what you are trying to achieve with this 2% fee pool announcement? You even too lazy to change Litecoin icon to Vertcoin.

I've just set up the pool. Will change the logo. Was that the biggest problem?

lolwut

legendary

Activity: 1148

Merit: 1000

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mikerbiker6

sr. member

Activity: 392

Merit: 250

Quote from: silencesilence on May 18, 2014, 12:17:42 PM

Quote from: mikerbiker6 on May 18, 2014, 07:50:53 AM

Scrypt N no longer asic proof? Flower technology seems to have cracked it.

https://litecointalk.org/index.php?topic=7930.1500

They have said that, but you do not notice the most important..... you miss the details and catch such as small children of some words
they is nowhere specify the speed of their ASIC just words thrown in the space ....,
and I can do assemble ASIC for Scrypt-N with 20 kh/s Grin

also is nowhere seen a detailed explanation of their ASIC /plan how they run it, video, etc./ just promises from their side .....

There currently are a war between ASIC manufacturers and now that's a good marketing trick
that they will make millions of dollars based on the uncomprehending people

remember that during the gold rush most money have earned the manufacturers and sellers of shovels

here comes the moment that anyone who wishes can be switched to Vertcoin, and while he doesn't play the latest video games on his computer he could earn a few dollars by mining VTC

I continue to mining and buy VTC when I have money, because the best is yet to come

Quote from: BorisTheSpider on April 04, 2014, 08:50:53 AM

I don't know how many times we have to publicly say "VTC will hardfork if necessary to keep ASICs out" - we must have said it a hundred times!

I'll say it again, in case repetition number 101 will help - VTC will hardfork if that every becomes necessary to keep ASICs out. This isn't LTC, we're not going to suddenly decide to give up and capitulate in the face of a need to hardfork, we will do whatever is necessary to keep VTC decentralised and in part that means excluding ASICs by whatever means necessary.

A pre-order model is not necessarily a scam. Just because they don't have to product ready doesn't mean they won't in a few months.

silencesilence

legendary

Activity: 1120

Merit: 1000

Quote from: mega on May 18, 2014, 01:12:07 PM

Thanks silencesilence. I was looking for that quote, but didnt find it. Wink

Hope that elucidate those who have doubts on the ASIC stuff.

Quote from: BorisTheSpider on April 04, 2014, 08:50:53 AM

I don't know how many times we have to publicly say "VTC will hardfork if necessary to keep ASICs out" - we must have said it a hundred times!

I'll say it again, in case repetition number 101 will help - VTC will hardfork if that every becomes necessary to keep ASICs out. This isn't LTC, we're not going to suddenly decide to give up and capitulate in the face of a need to hardfork, we will do whatever is necessary to keep VTC decentralised and in part that means excluding ASICs by whatever means necessary.

It's my pleasure Mega
this is one of my favorite quotes Wink

mega

hero member

Activity: 812

Merit: 500

Thanks silencesilence. I was looking for that quote, but didnt find it. Wink

Hope that elucidate those who have doubts on the ASIC stuff.

Quote from: BorisTheSpider on April 04, 2014, 08:50:53 AM

I don't know how many times we have to publicly say "VTC will hardfork if necessary to keep ASICs out" - we must have said it a hundred times!

I'll say it again, in case repetition number 101 will help - VTC will hardfork if that every becomes necessary to keep ASICs out. This isn't LTC, we're not going to suddenly decide to give up and capitulate in the face of a need to hardfork, we will do whatever is necessary to keep VTC decentralised and in part that means excluding ASICs by whatever means necessary.

DARKANGEL6415

hero member

Activity: 672

Merit: 500

ADAMANT — the most secure and anonymous messenger

Quote from: GeminiSimba on May 18, 2014, 12:24:13 PM

Wow boris, watching that video now, i'm finally really understanding the energy crisis and i see why all the newer cars are going electric. I'ts a MUST! And damn exponential growth is scary, we all complain about the wars that are seemingly made up by our governments but perhaps they are onto something with the whole population control idea. I think a better idea would be to simply alert the world about the problem and then have every country make a law similar to China where each family can only have 1 child per household for a few hundreds years until the growth goes down.

actually china is thinking of doing away with that law for a bit here read it here http://www.charismanews.com/world/35327-report-china-considering-relaxing-one-child-policy

GeminiSimba

full member

Activity: 176

Merit: 100

Ain't no party like a Counterparty!

Wow boris, watching that video now, i'm finally really understanding the energy crisis and i see why all the newer cars are going electric. I'ts a MUST! And damn exponential growth is scary, we all complain about the wars that are seemingly made up by our governments but perhaps they are onto something with the whole population control idea. I think a better idea would be to simply alert the world about the problem and then have every country make a law similar to China where each family can only have 1 child per household for a few hundreds years until the growth goes down.

silencesilence

legendary

Activity: 1120

Merit: 1000

Quote from: mikerbiker6 on May 18, 2014, 07:50:53 AM

Scrypt N no longer asic proof? Flower technology seems to have cracked it.

https://litecointalk.org/index.php?topic=7930.1500

They have said that, but you do not notice the most important..... you miss the details and catch such as small children of some words
they is nowhere specify the speed of their ASIC just words thrown in the space ....,
and I can do assemble ASIC for Scrypt-N with 20 kh/s Grin

also is nowhere seen a detailed explanation of their ASIC /plan how they run it, video, etc./ just promises from their side .....

There currently are a war between ASIC manufacturers and now that's a good marketing trick
that they will make millions of dollars based on the uncomprehending people

remember that during the gold rush most money have earned the manufacturers and sellers of shovels

here comes the moment that anyone who wishes can be switched to Vertcoin, and while he doesn't play the latest video games on his computer he could earn a few dollars by mining VTC

I continue to mining and buy VTC when I have money, because the best is yet to come

Quote from: BorisTheSpider on April 04, 2014, 08:50:53 AM

I don't know how many times we have to publicly say "VTC will hardfork if necessary to keep ASICs out" - we must have said it a hundred times!

I'll say it again, in case repetition number 101 will help - VTC will hardfork if that every becomes necessary to keep ASICs out. This isn't LTC, we're not going to suddenly decide to give up and capitulate in the face of a need to hardfork, we will do whatever is necessary to keep VTC decentralised and in part that means excluding ASICs by whatever means necessary.

mikerbiker6

sr. member

Activity: 392

Merit: 250

Quote from: Amph on May 18, 2014, 10:17:47 AM

Quote from: Kalizar on May 18, 2014, 09:17:27 AM

Quote from: mikerbiker6 on May 18, 2014, 07:50:53 AM

Scrypt N no longer asic proof? Flower technology seems to have cracked it.

https://litecointalk.org/index.php?topic=7930.1500

Already proven to be a scam. Go back somewhere between 30-100 pages and you'll find the old discussion.

to spread fud and make vert cheap so he can buy some at cheap rate

Not trying to spread fud, I didn't know they were 'scammers'.
Btw,Kalizar, please enlighten me why they are scammers.

But there is a core of truth, at some point asic will be made for VTC, it is just a matter of time.

sammy007

legendary

Activity: 1904

Merit: 1003

Quote from: mega on May 18, 2014, 10:35:09 AM

LOL!
Here we go again...
How many times this coin dev's need to say ASIC's will not be mining VTC? Even the algo would be changed if needed. I smell conspiracy to spread FUD around VTC community.
All I can say is, it wont work!

LOL, I suspect they are our new whale's army proudly trying to feed him with coins =)

mega

hero member

Activity: 812

Merit: 500

LOL!
Here we go again...
How many times this coin dev's need to say ASIC's will not be mining VTC? Even the algo would be changed if needed. I smell conspiracy to spread FUD around VTC community.
All I can say is, it wont work!

sammy007

legendary

Activity: 1904

Merit: 1003

Quote from: fanepatent on May 18, 2014, 10:22:24 AM

New Vertcoin p2pool

http://mining.servehttp.com:9171

2% fee

Just curious what you are trying to achieve with this 2% fee pool announcement? You even too lazy to change Litecoin icon to Vertcoin.

fanepatent

full member

Activity: 224

Merit: 100

New Vertcoin p2pool

http://mining.servehttp.com:9171
stratum supported as well

2% fee

sammy007

legendary

Activity: 1904

Merit: 1003

Quote from: usao on May 18, 2014, 10:11:31 AM

Ok, if/when ASICs invade Scrypt to a significant degree (probably starting with Zeus, Fib and Alpha), GPU's will shift to Scrypt-N to regain hashing power.
So, how does VTC differentiate between ASIC workloads adding to the global hashrate vs displaced GPUs being added to the global hashrate?

I thought that small amount of insane people will continue to mine Litecoin with CPUs and GPUs regardless of profitability like they doing it so far. Some will mine X11, keccak and other lightweight algos successfully mineable by our chinese friends on FPGAs, because they have read somewhere that's X11 is ASIC resistant. Much more people will mine Scrypt-N coins like VTC. VTC will get more hashrate and difficulty will rise, because what other solid Scrypt-N coin exist? Panda? Vert is original coin with strong development team. I am happy that I am one of the top 300 holders and I'll push my address higher in this dick peasurement list soon Tongue

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: Kalizar on May 18, 2014, 09:17:27 AM

Quote from: mikerbiker6 on May 18, 2014, 07:50:53 AM

Scrypt N no longer asic proof? Flower technology seems to have cracked it.

https://litecointalk.org/index.php?topic=7930.1500

Already proven to be a scam. Go back somewhere between 30-100 pages and you'll find the old discussion.

to spread fud and make vert cheap so he can buy some at cheap rate

FNG

hero member

Activity: 588

Merit: 500

Quote from: usao on May 18, 2014, 10:11:31 AM

Ok, if/when ASICs invade Scrypt to a significant degree (probably starting with Zeus, Fib and Alpha), GPU's will shift to Scrypt-N to regain hashing power.
So, how does VTC differentiate between ASIC workloads adding to the global hashrate vs displaced GPUs being added to the global hashrate?

Fairer distribution. Everyone has access to GPU's if they choose to buy them. ASIC manufacturers own / control the hashrate of ASICs.

Only centralizing force would be the cost of electricity.

usao

legendary

Activity: 1109

Merit: 1000

Ok, if/when ASICs invade Scrypt to a significant degree (probably starting with Zeus, Fib and Alpha), GPU's will shift to Scrypt-N to regain hashing power.
So, how does VTC differentiate between ASIC workloads adding to the global hashrate vs displaced GPUs being added to the global hashrate?

Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 206. (Read 1232754 times)