Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 255. (Read 1232727 times)

Yeah it's like LTC goes out of its way to spread FUD about p2ool. Lovely.

PS- Hi mmouse!

Err, what? p2pool network for VTC is quite alive and works perfectly well, I can't see any signs of destruction

And I can't see any problem with having three parallel pools. If this is too complicated for you, just stick with the first well known p2pool and leave the other two pools to miners (like me...) who prefer to mine with lower share difficulty.

At the moment the first pool alone has about 870 MH/s which is roughly 12% of the total VTC network hashrate. I don't know any other coin where p2pool gets such a big piece of the cake. So no signs of dying out, sorry.

Edit: If you want to know how not to handle things, just look at LTC: They're well aware of the problem with too high share difficulty and resulting huge variance for smaller/normal miners. All they did is setting up a page which tells you to stay away from p2pool if you're not big enough. Very clever solution, so LTC p2pool get about 1% of the total LTC hashrate...

Dude, Darkcoin is a rip off of Quark? Let me tell you, Quark is a ripp off of Bitcoin! Welcome to the crypto scene lol


To be honest its sad to see how the Vertcoin P2Pool network is getting destroyed by splitting it up in multiple sub pools.


Do you really think this thing will work out like planed on the scrapbook? 1st network  above 3 MH/s, 2nd network 1,5 - 3 MH/s, 3rd network below 1,5 MH/s?
This is totally misleading. What if the 3rd network for the small miners is growing bigger than the 1st for the big miners? Guess what, the small miners would get better payouts going to the 1st network. Not the worker hashrate is important but the network rate.

You are trying to approach an issue which is known for so long in p2pool with such a devasting solution. I'm really disappointed, VTC p2pool used to be the best among the cryptos.

Just let me know when I can purchase some of those Mon coins when they are available. Also just to try and understand this more are they saying that in the same pool that you are mining vertcoin you would also be getting the mon coins at the same time?

vtc.altmine.net p2pool (2nd network)

* Dedicated servers in Europe with 1 Gbit/s connection and DDoS protection.
* US and SG nodes for some coins. Let me know if you want more.
* No user account required.
* Instant payouts when blocks are found.
* Only 0.1% fee this month.

This looks interesting! For anyone that needs a ELI5 on merge mining I found this useful: http://dot-bit.org/Merged_Mining#Tell_me_how_it_works_in_easy_words.21

Fragmenting the hash power into separate p2pool networks is just a work around to p2pool's current inability to reduce variance for small miners. If people are mining vertcoin long-term then the variance shouldn't be a major concern since it all averages out and a small miner will receive their average expected earnings over a long enough period of time.

If we wanted to consider the other extreme, the smallest p2pool network that makes sense at a 248.953 difficulty would be around 15MH if I do the math right, that'd average 2 blocks per day. If a single GPU miner has 300K hash power, then that'd be about 50 miners per network. With each miner actually holding 2% of the pool hash power, there'd be no problem at all getting shares, each miner would have a high average number of shares so the variance would only be based on the pool finding blocks, not added to the miner finding shares.

I guess it'd be interesting if p2pool could self-organize itself into multiple block chains and miners are assigned to an appropriate chain in this load balancing sort of way. The author of p2pool is working on some changes to support smaller miners, but I'm not sure on any of the details yet.

But trying to manually organize the 950MH on the original p2pool network into as many as 63 separate networks to hit the 15MH target above would be crazy.

Someone less lazy than me could calculate what hash power the pool could have for a single GPU miner to still have a 95% or 99% chance of keeping at least 1 share in the share chain at all times over time. There is a cap that p2pool tries to keep single miners at less than 1.6% or so of the whole share chain, so each miner having 2% is rather high. 30MH would make single GPU miners be at 1% of the pool power, and increase block/day (at current diff) to 4 on average.

If vertcoin grows substantially you do eventually end up with BitCoin's problem. The whole BTC p2pool network is over 1.5 days per block on average. However since the pool hash rate is around 180TH, it makes it hard for smaller miners to find shares. Over time it all averages out, but many small miners just can't stomach the variance of when they get paid.

If there are more classic pools, why there should not be more than one p2pool network? Why the hell use some 3rd party proxy if I can directly mine on 2nd or 3rd network without problems (with hashrate that results many hours to share on 1st network). Proxy is more like classic pool than p2p.

Dont you think that relying on your 1st network node for all miners and telling them that changing pseudo-share difficulty will solve all their problems is very misleading?

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Hi.
It's my first post here so i want to say hello to everyone . First of all sorry for my English. It is not my native language so my grammar is funny
I am intrested in cryptocurrencies about half year. I am little miner with hashpower of 2 mh/s scrypt and 900 kh/s in vtc mining. I started with mining ltc, then change it to doge and after ASIC for scrypt coin is already in use, i switch to scrypt-n vertcoin and i see nice future with this coin My mining rigs is most old radeon series 5870/5970. They work really nice and i don't need change it to new expensive r9 series. If someone have problems with this cards i can help with confiure it for scrypt/scrypt-n mining.

My "normal" job is Network/System Administrator in Technical University. Today i ran my first linux based vertcoin p2pool. It is dedicated server in triple air conditioned server room with emergency power solutions and symetrical gigabit ethernet Internet connection with backup to other ISP with full BGP protocol as redundancy. Anyway if you want to talk with my about network/linux administration then feel free

I am the only miner in my p2pool so if you want "test" my p2pool or better use it for today i will be proud

Address: 185.32.157.20:9171
User: Your VTC address
Pass: blank or whatever
Fee: 1%

vertminer example for radeon 5870:

setx GPU_MAX_ALLOC_PERCENT 200
setx GPU_USE_SYNC_OBJECTS 1

vertminer --scrypt-vert -o stratum+tcp://185.32.157.20:9171 -u your payment address -p x --lookup-gap 2 --thread-concurrency 8193 -w 256 -I 18

Thank you and good luck

Great idea, I'd like to read some more about monocle. 

Guess I can add some more info about the launch, the block reward will start at 1 and slowly ramp up towards the full reward (to be fair). This is to mitigate the panic around launch for miners and to counteract the insta-mining. We want to give everyone a chance to get things set up without someone insta-mining 500 blocks (he still can, but there will be less incentive to). Exact figures for that will come later. Also since it is a merged-mined coin there will be no regular pools, the merged-mining will be done on p2pool only. It can still be mined regularly...

Edit: clarification

Hey everyone,

Some cool news for you. We were going to wait a few more days before saying anything, but a thread popped up:

https://bitcointalksearch.org/topic/m.6206786

So I thought I'd give you all the news now.

We've been working on a merge-mined N-Scrypt coin on the VTC chain, called Monocle (MON). We wanted something interesting to do, and that would give us a kind of live high-hashrate testbed for possible future VTC features, so the rationale for the name was that it gives us a closer look at changes, and it's (M)erge (M)ined hence (M)onocle.

MON will have 1/10 of the VTC circulation (8.4 Million total MON), will use BRNDF for difficulty retargeting every 12 blocks, and will have a continuously reducing block subsidy using a curve that gives year 2/3/4 inflations of 45% / 14% / 5.5% respectively. Obviously it will not be premined nor have any other form of scam attached to it.



Watch this space...

Was some problem with it, I've updated the site so it always shows the nodes even if you're behind a draconian firewall or have javascript enabled

This one works, but the other one is still blank. Same browser...
Anyhow, im good now. Thanks

Yeah that's the one I was referring to. I hadn't seen him promote it here, but he said it's working smoothly and it's probably time to stress test it with more miners. People who don't like p2pool's variance should just mine there instead of joining separate networks.