Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 267. (Read 1232732 times)

As it appears the prime selling point of these are scrypt, but they just happen to also mine scrypt-n with a large number of N. So it won't be money lost really because they'd still perform their job as scrypt miners.

The official stance was already stated... wait for these companies to waste their R&D money (and make sure they're not full of shit anyway) before making any changes.

Please add this awesome block explorer to all official references.

http://vertexplorer.com/

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

http://blissdevices.com/tech-specs/

"Scryptr also provides a high level of flexibility to support mining of newer coins that are “fairer” to miners such as Vertcoin by allowing configurable Scrypt parameters. Also, the chip’s PCIe interface enables faster and greater data transfer speeds, if and when new algorithms require more network data."

http://www.reddit.com/r/scryptmining/comments/20x6r0/bliss_devices_announces_new_prices_on_scrypt/cg8xcd6

"Our chip supports configurable N parameters which allows it to mine N-factor scrypt up to N=262144, which is still about 35 years away."

...so when can we expect the change of PoW?

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3/10 rewarded with 20 VTC blocks found!

Come on you can be the next!

join now at http://vertcoin.mingopool.com . First 10 blocks finders will be rewarded with 20 VTC, not from the pool wallet, will be awarded from the admin wallet!sou you'll receive pool earnings + 20VTC!

Give us some hashes! it will be worth!

No; https://vert.composedchaos.net will be only the pool web page.

There will be a backup soon.  In the meantime stratum will not be accessible at vert.composedchaos.net.  Email me directly and I can provide you a direct IP to use as backup.

Thank you

Nice, when the pool hits near 100 MH/s i will join or when the diff of vertcoin goes below 150 and the speed is at leasy 60 MH/s i will join.
Just to test it out, but 1 or 2 blocks a day isn't what i'm looking at

I love the message given in Zero Fiat's most recent update, we need to definitely focus on helping to make vertcoin something which can become a daily used decentralized currency that is "useful" and that will definitely increase our value significantly over time

https://www.youtube.com/watch?v=2kHt27qNnaU

Not if ASICs came online gradually instead of "spiking".

Boris had said it clearly "hardfork" that's the key to fight against ASIC.
Not sure how could he say it any clearer ?
I must assume that VTC had been coded to anticipate the need of hardforking from the start.

Well, there's a lot of hypotheticals in there. The fact of the matter is a 20-30% increase in total hash rate would be pretty noticeable and would be impossible to hide when all of a sudden these high/identical hash rates start popping up out of no where and the diff shows a massive jump. Besides, I don't think you understand how much hash rate the network would have if VTC was pumping out '1000s of btc' a day. You would need a lot of ASICs to take up 20-30% of the network and it doesn't seem like something like that would stay a secret for very long.

Also, who says the devs aren't implementing some secret anti ASIC tactics here and there along the way

Boris thanks for the clarification nicely and well writen, easy to understand

VTC is "vulnerable" to an exploit that:

a. Has not been demonstrated (although we do believe it to be real)
b. Is a 51% attack.

In other words, the KGW timewarp attack allows a 51% attacker to do one additional bad thing (alter the difficulty) which they shouldn't be able to do, that is on top of the other bad things they can already do such as double-spend, prevent transactions from being confirmed etc.

What I think people need to understand here is the context - to 51% attack VTC, you'd need the equivalent of about 15GH/s of normal scrypt - at 600kh/s per R9 280X that would be about 25,000 GPUs, about 4500 motherboards, 9000 PSUs, 6.3 Megawatts of electricity (and heat to get rid of) etc.

We have been discussing this issue for weeks, we're well aware of it, if it was desirable to fix it (or if a convenient opportunity to do so arose) we'd fix it.

People would better concentrate on securing the blockchain through a big hashrate, than be excessively concerned about an additional ability that a 51% attacker would have when a 51% attacker already can do "bad things" on any blockchain.

Anyone saying that the Devs don't update enough needs to relax. You obviously haven't been following the coin for more than a few days to even say something like that. In the first place I urge everyone to realize that digital currency is a long term investment. It is not going to make you an overnight millionaire. In fact, you probably won't see true profits from vertcoin or any other of the coins that will end up in the top 5 for the next two years or so. You want to know about developments? Don't just follow this website, go to the official vertcoin forum, go to the vertcoin page that shows the different projects you can donate to. I personally am awaiting to hear the results of our exposure at the Crypto Currency Convention in New York that VTC will have their own booth at (we all donated so we could get a booth there) and that will be April 9th....

Guys, you want constant daily updates? Take a chill pill, there is more than enough ways to involve yourself with the coin rather than consistently nagging at the devs who have better things to do right now than hear all these complaints of what you want the coin to do for  you, how about what will you do for the coin...


Here are some websites to look up-

http://vertcoinforum.com/  (This is the official forum with all the dev updates and also things that fans are developing to benefit the coin)

http://vertcoinmarket.com/ (This is the place you can see all the projects which have been funded and are currently looking for funding)

https://www.facebook.com/vertcoin?ref=br_tf       (Check the fb sometimes, they tend to update this page with current podcasts and such consistently)

Ok I assume that KGW exploit impacts VTC as well, then I would sell all coins be you. Because price will plunge into oblivion

Congratulation on the 2nd p2pool network reaching the 100Mhz milestone!  In fact, the 2nd network pool has a pool rate of 152 Mhz as I write.  Now that the 2nd network has grown a lot, low-hash miners are again feeling the 'pain' - time-to-share for a 100Khz-200Khz miner is more than 4.5 hours!  With variance, it can be a day before he can get a share.  How about creating a new 3rd p2pool for the low-hash miners?  

So does it mean, VTC particular is? Or have it been patched, you are not very concrete

Supposing that the next bitcoin bubble begins this summer and that it is similar to the previous two bubbles, then I expect altcoin prices to follow bitcoin upwards after the rally is obvious. In the months between now the rally, high-cost GPU miners will power down and await the rally. Miners are very likely to be postponing hardware purchase with coin as perhaps 5x more mining hardware can be purchased with the same held coin when coin values again dramatically rise.

When the next rally does occur, and maybe at the tail end of the rally in fall 2014, new scrypt ASICs will forever push scrypt coin difficulty out of reach for GPU miners.

I continue to rent my GPU rigs to scrypt miners at low profit, and I am awaiting a more developed scrypt-N rig leasing demand before I switch over.

All KGW coins that have made no effort to patch the problem are vulnerable.