Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 266. (Read 1232732 times)

I interpreted this way as well. It's good you did not mean that. However, why, then, should this be a deadline to look forward to? It is very arbitrary in the grand scheme of things. There are other ASIC manufacturers, for example, why not pick their release date? Why not Halloween? Why not the next coming of Christ?


Just because it may appear that 2/3 of people in the FORUM are not happy with coming ASICs does not mean 2/3 of all Litecoin users feel this way. You can not extrapolate to the entire population with such a small sample size. I think it would be foolish to place strain on our own community (hard fork) based on the assumption that these users will switch over. Our coin speaks for itself - people will come over or they won't.


More frequent forks, maybe. But not unnecessary ones. What's the point? You are wanting to inconvenience thousands of people for no reason. Being different to improve the coin is good; being different just to do random shit is stupid.

Edit: question answered fast, everything is running fine

VERTERS POOL is down?

on which pool do you mine ?

Try https://vtc.rapidhash.net

Doing a 2% bonus right now

verters pool whats going on there?
I cpu mine here past few weeks and in past few minutes the hashrate for pool is 0

If the wallets could be made to check for updates upon launching (or every so often while running), that would help the average 'user' a lot.

Dunno if a pure auto-update would be the best idea. But at least if the wallet checked if an update is available, and notified the user, perhaps also offering the option to 'download and install update now'. This would be sweet!

I really like this idea:

http://vertcoinmarket.com/campaigns/vertcoin-auction-site-like-ebay/#comment-818

Edit: I want to use VTC to buy and sell goods!!

So why bother and update(its very painful) now as Now VTC ASIC Resistant.In Future don't worry We will always have asic Resistant coin  if . VTC Not changes algo after ASIC comes to VTC  Other GPU coin will come and get all gpus power.

A: Did i imply knc was for scrypt-n? That was not what i meant. Take a look here: https://litecointalk.org/index.php?topic=11864.0
Roughly 2/3 of the litecoin community is not happy with the comming asics (and rightly so). These ppl are looking for an alternative and vertcoin could very well be that alternative. Get them while they are pissed off at litecoin.
b: Pls elaborate. You will have to get used to more frequent forks, if not or if the devs do not choose to do so then the asic resistant claims are as toothless as all other asic resistant coins have been and will be as any 'big' coin will get attacked by asics.

As i said before: this is a unique chance to be different from the other (failed, at least on asic resistance) coins. Vertcoin will have to do things different, and let people know they do things different.

I think i've spammed my view often enough, time for me to wait and see what will happen.
Just to recap:

Asics lead to centralisation
The fact that asic miners have a very low overhead and are very cheap to produce (<<$10 production, <$1 overhead (switching regulator)) means mining factories can be built for very low cost and a 51% attack in every conceivable form is possible and will happen if the coin has become a major player. I'm not going to say much of who is really in control over the coin once asics miners are the only ones left mining a coin.

Asics will be developed for any PoW when money is at stake

The only way to fight asics is to stay on top, more frequent forks, make some system to handle forks better, get users to expect forks and know what to do.

In very short: do you want the asic producers to run the coin or the community?

Over and out.

No.

A) The KnC miner isn't even advertised as a n-scrypt ASIC.
B) Why would you want an unnecessary hardfork when this ASIC hasn't even been released and proven to mine ASICs? Because you want to show VTC means 'business'? That would show the opposite.

That leaves us 6 months or so to think things through.

I would suggest
- Get more brains on board for the PoW. Plan a tick-tock or tick-tick-tock scheme for updates to the PoW (tick is small change to the algo, like different primenumbers for the sha256, one extra hash round..)
- Work on a system to make hardforks easier. Users need to get used to more frequent client updates
- Make sure any hardforks do not change the parameters of the coin (rewards/blocktime/minability)

I also think a hardfork should happen before the release of the knc scrypt miner to show that vertcoin means business with its asic resistant claim.

no problem, I ll wait for official backup uptime is without problems was just for sure

It is necessary 32Mb memory per thread for N=262144 (it is very huge memory volume). Need to make sure he was not lying.

only somebody who want´s to make people unsure to stay on VTC.

read this and come down - http://www.reddit.com/r/vertcoin/comments/1zr9hy/faq_vertcoin_asicresistance_all_the_answers_you/

Are they even real ?
Why are you so keen to change something that is not yet broken ?
You're speaking of amputation about becoming a gunshot victim when you are so far from being a gunshot victim.
Hidden conspiring ASIC company ?  

But why show our hand until we have to?

Also the fact that they are scrypt miners that can adapt to scrypt-N means they won't be fully optimized for mining scrypt (as much as they could be for a scrypt-only chip). Which means they will lose to their competitors. Which, if we then change our PoW, means money lost.