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Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 214. (Read 1232754 times)

ymer
sr. member
Activity: 308
Merit: 250
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 11:35:39 PM
#9422
Quote from: GeminiSimba on May 14, 2014, 11:28:38 PM
Quote from: 9feet on May 14, 2014, 10:51:54 PM
The only way to fight asic is to constantly adapt and fork is necessary.

Human intervention and community involvement is the only way to fight asic and that is something that vertcoin vouch for.

Thank you!

+1

Scrypt-N is just a part of Vertcoin, but if ASICs come along we will all just kick them in the nuts and go for another algo.
GeminiSimba
full member
Activity: 176
Merit: 100
Ain't no party like a Counterparty!
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 11:28:38 PM
#9421
Quote from: 9feet on May 14, 2014, 10:51:54 PM
The only way to fight asic is to constantly adapt and fork is necessary.

Human intervention and community involvement is the only way to fight asic and that is something that vertcoin vouch for.

Thank you!
shazhuogzrby734
full member
Activity: 128
Merit: 100
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 11:03:00 PM
#9420
Great, this is a good step towards even better community
9feet
newbie
Activity: 35
Merit: 0
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 10:51:54 PM
#9419
Quote from: jk_14 on May 14, 2014, 10:30:39 PM
Quote from: MasterMined710 on May 14, 2014, 06:55:51 PM
Quote from: ivanlabrie on May 14, 2014, 05:28:17 PM
Drk is not asic resistant, not for long...also, it's pumped to hell and back. Watch the price, you might sell a bit higher, but don't get overly greedy.

drk looks to be just as asic resistant as vrt...



"Darkcoin [DRK] was launched on 18-Jan-2014 as “XCoin”. It is a CPU only coin with hybrid hashing algorithm using 11 rounds of scientific hashing functions
(blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)."


"ASIC resistance" X11 algorithm ASIC Howto:

http://eprint.iacr.org/2009/510.pdf       Cheesy

https://i.imgur.com/qu5itqh.png


http://www.design-reuse.com/sip/umc-0-18um-gii-logic-process-true-1-8v-high-frequency-oscillator-io-cell-library-move-fsa0a-c-io-cells-to-new-io-library-foa0a-a33-ip-24310/


Better now? Wink


And that's the reason I mine DRK with 750Ti from few days and sell them (you? Wink ) for (your? Wink ) VTC
(the performance was much better than mining VTC directly)


It's complex to design the asic chip yes, but once you figure it out it's cheaper to produce as x11 doesnt need memory built with the chip. Any algorithm that does not adapt will human intellegence will crack it with asic  Smiley

You can mix 100 algorithm for all you care  if the price is good enough someone would build asic for x11.

Nobody thought scrypt asic will ever be around because you have to put memory in, doesnt stop asic. The only way to fight asic is to constantly adapt and fork is necessary.

Human intervention and community involvement is the only way to fight asic and that is something that vertcoin vouch for.
haystackoor
newbie
Activity: 5
Merit: 0
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 10:47:08 PM
#9418
Hurry up prices, I'm bullish on this coin
jk_14
legendary
Activity: 1292
Merit: 1000
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 10:30:39 PM
#9417
Quote from: MasterMined710 on May 14, 2014, 06:55:51 PM
Quote from: ivanlabrie on May 14, 2014, 05:28:17 PM
Drk is not asic resistant, not for long...also, it's pumped to hell and back. Watch the price, you might sell a bit higher, but don't get overly greedy.

drk looks to be just as asic resistant as vrt...



"Darkcoin [DRK] was launched on 18-Jan-2014 as “XCoin”. It is a CPU only coin with hybrid hashing algorithm using 11 rounds of scientific hashing functions
(blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)."


"ASIC resistance" X11 algorithm ASIC Howto:

http://eprint.iacr.org/2009/510.pdf       Cheesy




http://www.design-reuse.com/sip/umc-0-18um-gii-logic-process-true-1-8v-high-frequency-oscillator-io-cell-library-move-fsa0a-c-io-cells-to-new-io-library-foa0a-a33-ip-24310/


Better now? Wink


And that's the reason I mine DRK with 750Ti from few days and sell them (you? Wink ) for (your? Wink ) VTC
(the performance was much better than mining VTC directly)
kahir
legendary
Activity: 1050
Merit: 1000
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 09:44:55 PM
#9416
im a verter

but

i would say X11 is better in terms of mining .... i got 3 Cards 7790 ... i know they are not the best ...

but u know what happen when i try to mine Scrypt-n .... 2 of them run at 10% rated hashrate and they run so Hot .. i asked for help still no one could solve

While in term of X11 everything is fine .... and run less hotter ... all 3 cards at 100% rated hashrate ... Less watts ....


i never mined any N-adaptive .. so complix config for me... i just buy vert from time to time
zzdn
newbie
Activity: 9
Merit: 0
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 08:58:09 PM
#9415
In other words the difference in asic resistance of us and something like darkcoin is simple,
Jdj1727
sr. member
Activity: 338
Merit: 250
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 08:26:12 PM
#9414
Quote from: GeminiSimba on May 14, 2014, 08:17:36 PM
There is a fundamental aspect people miss if they are saying this coin or that coin is "just as asic resistant" as vert. As Boris said, asic resistance is a state of mind, this is to say that All scrypt-n coins can boast asic resistance but how many have the dev team ready to change the memory requirement of the entire coin just in case asics are made for them?

In other words the difference in asic resistance of us and something like darkcoin is simple, if asics are made for darkcoin well game over for them. If asics are made for us our dev team will press the red button and we will fork and continue to be mineable by gpus Smiley
+1
GeminiSimba
full member
Activity: 176
Merit: 100
Ain't no party like a Counterparty!
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 08:17:36 PM
#9413
There is a fundamental aspect people miss if they are saying this coin or that coin is "just as asic resistant" as vert. As Boris said, asic resistance is a state of mind, this is to say that All scrypt-n coins can boast asic resistance but how many have the dev team ready to change the memory requirement of the entire coin just in case asics are made for them?

In other words the difference in asic resistance of us and something like darkcoin is simple, if asics are made for darkcoin well game over for them. If asics are made for us our dev team will press the red button and we will fork and continue to be mineable by gpus Smiley
zzdn
newbie
Activity: 9
Merit: 0
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 07:42:29 PM
#9412
Quote from: AlterMiner on May 14, 2014, 06:25:26 PM
Quote from: MasterMined710 on May 14, 2014, 05:26:19 PM
i just sold the last of my vrt a few days ago and bought more drk. also sold half my anc and all my xpm and put it all into drk. thinking about selling half my ltc now and going dark.

why do you feel vrt is "much superior" to drk? anyone please...
Darkcoin:
1) Single developer
2) Closed source (code review for DarkSend is not exist)
3) Many versions of wallet and algorithm of max amount coins
4) Enough effective mining by CPU (hello botnets)
5) Initial orientation for illegal activity, and therefore, no chance of official recognition.
6) Unknown position single developer towards ASICs
Vertcoin:
1) Great team
2) Open source
3) Balanced policy of releases
4) Great community
5) Effective mining by GPU(goodbye botnets)
6) ASICs no pasaran ! Hardwork (new POW algorithm etc.)

thanks
ivanlabrie
hero member
Activity: 812
Merit: 1000
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 07:16:28 PM
#9411
Quote from: MasterMined710 on May 14, 2014, 06:55:51 PM
Quote from: ivanlabrie on May 14, 2014, 05:28:17 PM
Drk is not asic resistant, not for long...also, it's pumped to hell and back. Watch the price, you might sell a bit higher, but don't get overly greedy.

drk looks to be just as asic resistant as vrt plus less heat and energy consumption. not sure why altcoins in general would be flocking to implement x11 if there was something better. also, if it becomes a big problem in a few years then the pos masternode design of drk will kick in, what happens to vrt then?

i'm probably going to sell half my ltc stack and buy something else. i may buy some more vert but drk seems far superior.
right now i have btc, ltc, bts-pts, maidsafe and a few anc but they are on the exchange waiting to be sold unless the devs do something with zerocash soon. i'm planing on putting a few btc into ethereum too.

i've had and sold nxt, nmc, xpm, rpc, doge, sex, dev, cgb and utc. not interested in any of those again but i may get some more vrt with my ltc. i feel vrt is better than ltc but ltc is pretty entrenched as a btc emergency back up.

I agree with having a diversified portfolio if going long...x11 is inferior in asic resistance because it's way cheaper to build an x11 asic because of the limited ram the algorithm requires compared to scrypt.

There are talks of people mining with btc fpga's chained together and reprogrammed for each of the 11 algorithms.
I'm not sure about that but it's worth keeping that in mind, it's easier to implement an asic for it and the developer won't do anything about it probably, we'll see.

Personally, I'm kicking myself because since I'm still in debt I've been having to sell most of the coins I mined, and bought for trading. Sucks, but well, I'll probably find a good entry point in a month or two. Smiley
MasterMined710
legendary
Activity: 1182
Merit: 1000
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 07:13:05 PM
#9410
Quote from: AlterMiner on May 14, 2014, 06:25:26 PM
Quote from: MasterMined710 on May 14, 2014, 05:26:19 PM
i just sold the last of my vrt a few days ago and bought more drk. also sold half my anc and all my xpm and put it all into drk. thinking about selling half my ltc now and going dark.

why do you feel vrt is "much superior" to drk? anyone please...
Darkcoin:
1) Single developer
2) Closed source (code review for DarkSend is not exist)
3) Many versions of wallet and algorithm of max amount coins
4) Enough effective mining by CPU (hello botnets)
5) Initial orientation for illegal activity, and therefore, no chance of official recognition.
6) Unknown position single developer towards ASICs

Vertcoin:
1) Great team
2) Open source
3) Balanced policy of releases
4) Great community
5) Effective mining by GPU(goodbye botnets)
6) ASICs no pasaran ! Hardwork (new POW algorithm etc.)

thanks.
Darkcoin:
1) Single developer - and he's quite good, does not bother me. has advantages.

2) Closed source (code review for DarkSend is not exist) - i just saw v1 will be released soon and ring signatures, ip obfuscation etc will be implemented in v2.

3) Many versions of wallet and algorithm of max amount coins - ? not sure i follow, please explain.

4) Enough effective mining by CPU (hello botnets) - if it becomes a problem they can go pos with the masternodes right? why are almost all new altcoins using x11 then?

5) Initial orientation for illegal activity, and therefore, no chance of official recognition. - good. that's what my btc is for.

6) Unknown position single developer towards ASICs ? i don't understand what you're saying.

so far all anyone has done is convince me that vrt is better than ltc. but can vrt overcome the first/second mover advantage of ltc and it's current ecosystem, i'm not yet convinced of that.
MasterMined710
legendary
Activity: 1182
Merit: 1000
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 06:55:51 PM
#9409
Quote from: ivanlabrie on May 14, 2014, 05:28:17 PM
Drk is not asic resistant, not for long...also, it's pumped to hell and back. Watch the price, you might sell a bit higher, but don't get overly greedy.

drk looks to be just as asic resistant as vrt plus less heat and energy consumption. not sure why altcoins in general would be flocking to implement x11 if there was something better. also, if it becomes a big problem in a few years then the pos masternode design of drk will kick in, what happens to vrt then?

i'm probably going to sell half my ltc stack and buy something else. i may buy some more vert but drk seems far superior.
right now i have btc, ltc, bts-pts, maidsafe and a few anc but they are on the exchange waiting to be sold unless the devs do something with zerocash soon. i'm planing on putting a few btc into ethereum too.

i've had and sold nxt, nmc, xpm, rpc, doge, sex, dev, cgb and utc. not interested in any of those again but i may get some more vrt with my ltc. i feel vrt is better than ltc but ltc is pretty entrenched as a btc emergency back up.
AlterMiner
newbie
Activity: 31
Merit: 0
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 06:25:26 PM
#9408
Quote from: MasterMined710 on May 14, 2014, 05:26:19 PM
i just sold the last of my vrt a few days ago and bought more drk. also sold half my anc and all my xpm and put it all into drk. thinking about selling half my ltc now and going dark.

why do you feel vrt is "much superior" to drk? anyone please...
Darkcoin:
1) Single developer
2) Closed source (code review for DarkSend is not exist)
3) Many versions of wallet and algorithm of max amount coins
4) Enough effective mining by CPU (hello botnets)
5) Initial orientation for illegal activity, and therefore, no chance of official recognition.
6) Unknown position single developer towards ASICs
Vertcoin:
1) Great team
2) Open source
3) Balanced policy of releases
4) Great community
5) Effective mining by GPU(goodbye botnets)
6) ASICs no pasaran ! Hardwork (new POW algorithm etc.)
GeminiSimba
full member
Activity: 176
Merit: 100
Ain't no party like a Counterparty!
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 05:56:14 PM
#9407
Quote from: ivanlabrie on May 14, 2014, 05:28:17 PM
Drk is not asic resistant, not for long...also, it's pumped to hell and back. Watch the price, you might sell a bit higher, but don't get overly greedy.

Also I heard on one of the podcasts I think the one Boris talked in (or maybe it was the guy who went to the bitcoin convention and presented for us) where he mentioned that there is a very special skype chat that goes on almost 24/7 where devs that are even beyond his level are constantly throwing ideas at each other on how to further innovate Vertcoin and what they can do if/when an asic that can comfortably mine vertcion is created. I don't think any other coin out there right now except Bitcoin has the sort of development team we have backing us daily.
honest_pool
newbie
Activity: 6
Merit: 0
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 05:45:19 PM
#9406
BorisTheSpider
full member
Activity: 210
Merit: 100
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 05:37:20 PM
#9405
Quote from: DaiBoyCookie on May 14, 2014, 12:15:42 PM
Quote from: BorisTheSpider on May 14, 2014, 05:53:19 AM


Appologies to vtcpool.co.uk users - the new server we've migrated to has some issues. There is likely to be an extended period of downtime - not only will the recovery/troubleshooting take some time, but I also have to go away for a few days. I'll do my best to get it up and running before that happens, but it's possible the downtime will extend over the weekend if I can't get it done in time.

There are multiple, off-site backups of the database and wallet. No coins are at risk, hopefully you've all failed over somewhere else for the time being.


Hi Boris
Any update on the site or should I turn my miner off until after the weekend
regards

Hey Dai working on it now, but I can't say whether I'll get it back online before the weekend - I'd just move somewhere else (or turn off if you're not so inclined) - sorry for the extended downtime, it sucks, but I have no choice - the new server is hard-freezing so I'm having to back everything up and restore and it's taking hours and hours to get the backups of all the VMs off the host.

It's a good excuse to set up your own p2pool node though! https://github.com/Paul-Bradley/EasyNode/

ivanlabrie
hero member
Activity: 812
Merit: 1000
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 05:28:17 PM
#9404
Drk is not asic resistant, not for long...also, it's pumped to hell and back. Watch the price, you might sell a bit higher, but don't get overly greedy.
MasterMined710
legendary
Activity: 1182
Merit: 1000
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
May 14, 2014, 05:26:19 PM
#9403
Quote from: Jdj1727 on May 14, 2014, 10:02:17 AM
Why is DRK getting so much attention? I feel that VTC is a much superior coin. VTC should get close to LTC's market cap within a year.
i just sold the last of my vrt a few days ago and bought more drk. also sold half my anc and all my xpm and put it all into drk. thinking about selling half my ltc now and going dark.

why do you feel vrt is "much superior" to drk? anyone please...
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