Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 277. (Read 1232732 times)

Hey, did you tried http://vertcoin.mingopool.com ?

we have an improved vertminer for mingopool and the first 10 blocks finders will be rewarded with 10 coins each one!

join us! give us some hashes! it will be worth

BTW 0%fee

Yeah
VTC is a worthwhile investment! Its prospects are very good!
I have also invested a lot!

 

dump incoming

Dump incoming makes people crazy,
This is a crazy Era
Crazy coins!
 

Some of them are indeed....so take care.

Believe that the price will rise a certain



The day is not far away from us!



Good luck.

I'm looking forward to you say,



One day there will prove to you that,



Believe that the day is not far away from us!
 

Download Vertminer:
Windows: https://vertcoin.org/downloads/vertminer-0.5.2.zip
Linux: https://vertcoin.org/downloads/vertminer.tgz


Simply run this command from Vertminer's directory:

-OR-

Enter these parameters in your pool list:


Mining VTC or similar Scrypt-N algorithms require, sometimes, varying configuration. If you get start up fails, lower Intensity (-I) to 8 and Thread Concurrency (-TC) to 8000. Gradually increase from there. *Vertcoin Mining GPU Hardware Configuration Reference: *http://www.verters.com/vertcoin-hardware-list**

At current stage, any miner is welcome as we need to get 'time to block' to reasonable value (lets say 100Mhs for now).

Which network is better for particular miner is not exact, depends on how much variance you like. Typically, it's ideal if 'time to share' < 'time to block' for particular miner, assuming that pool has at least 2 hours to block.

What we are missing now badly is node scanner to inform people about second network.

Also, second network can grow very quickly if at least one big node from first network switches to second. And this helps to both networks, second gains needed hashrate whilst first lower share difficulty without impacting time to block much. Also without changing worker port, this can be done almost instantly. For miners this is also no problem as shares gained in first network will be awarded by rest of network. But I'm afraid pool operators have no reason to do it as this could lead to miners leaving if they don't like this move. At the opposite side, there are many angry miners mining on p2pool and getting nothing, which can be attracted.

I'm also curious about specifiing second network as low hashrate network. Yes, it is for now. But as there is no way how to enforce which network particular miners will join. One time second network can become bigger than first. Lets rather say 1st and 2nd network and educate miners about time to block/time to share consequences on p2pool.

This is one of things I love about Vertcoin community versus others - the spirit to make the coin decentralized. Having a 2nd P2Pool network requires great commitment. I like to chip in my support too. I am moving my node over to the 2nd network - http://vtc.cubeconnex.com:9172 for Asia low-hash miners.

May the 2nd P2pool network grow!

I'm so sorry for your situation,
Think much less,
Only that can benefit from this market!
Good luck.

OK I built vertminer from source, and the miner seems to be working but the worker in the pools doesn't seem active.  I just wanted to post my script so someone more knowledgeable than me could check if everything is correct. I'm running 3 r9 270 cards.


After 10 minutes I still haven't seen my hash rate in the  pool yet and I'm doing about 300kh each.

Any less than 2 R9 280x or 7970 I would say counts as small for the purposes of the 2 p2pools - so below around 700KH/s you'll be better off on the new p2pool2, and certainly above 1MH/s I expect you'd be fine on the bigger original one. Also, if you're at the lower end of the hashrates applicable to the older/bigger p2pool, you'll see gains in share-rate as some of the small miners move over to the new one and the share difficulty drops.

Get your miners ready! April 2nd I will be giving out a bonus 2% for all payouts or an entire week!

Can you define small and big?

M

Let's say we have a network propogation time of around 10 seconds for a newly mined block at one "side" of the network to fully propogate so the vast majority of other nodes have that block.

With VTC, every 2.5 minutes (on average), there's a window of opportunity 10 seconds long for a pool (or a big solominer, lol@him) to find a valid, but stale block. That is 10/150=0.066 so around 6.5% of the time - that will be the baseline stale ratio for the network.

Let's say a (too big) pool has 25% of nethash. Since it doesn't need to wait for blocks _it_ found to be relayed, so can start working on the next one right away without waiting, it gets a (small) efficiency boost - it has to wait for relaying 75% of the time, so 0.75*6.5=4.9% is that pools stale ratio - it's efficiency is 95.1% as opposed to 93.5% for the network as a whole, so it gets a 95.1/93.5 - 1 = 1.7% advantage.

With the 45 second block time that EXE uses, the baseline stale ratio is 10/45=22% - now our big pool with 25% of nethash has a 0.75*22=16.5% stale ratio, 5.5% better than the network as a whole, and has 83.5% efficiency vs. 78% for the network, so is 83.5/78 - 100 = 7% advantage over the network as a whole, compared to the relatively insignificant 1.7% for the 2.5 minute blocktime of VTC.

So very short blocktimes waste more of miners work, but they also encourage centralisation.


BTW while we're on the subject, can some of you check out http://www.reddit.com/r/vertcoin/comments/21imwo/consider_mining_on_2nd_p2pool_network_to_allow/ - it is for those of you with lower hashrate who were finding p2pool difficult to find shares on in time to get them counted in a block, and should drastically improve things. Please don't move over if you're a bigger hasher - it would be best to get a lot of smaller hashers on p2pool2 to get them to a workable mix of blockrate and sharerate.

Oh and check out - http://www.verters.com/block-analysis - WELL DONE! it's fantastic to see that so many people have got the word out and helped spread the hashrate around in so short a time! I only started banging on about this 2 days ago and already I can stop! Thankyou all, keep it up, but now there's really no need for many of you to consider moving (although a small few could still move from vertco.in), all the pools are under 20% of nethash, it would be nice to keep them that way (apart from p2pool which can get as big as it wants, and even then is now divided in 2)

Hey, did you tried http://vertcoin.mingopool.com ?

we have an improved vertminer for mingopool and the first 10 blocks finders will be rewarded witch 10 coins each one!

join us! give us some shares! it will be worth

BTW 0%fee

Thanks for the responses. Can you explain though why/how short block times encourage centralization of hashing power? I don't understand this statement. Thanks!

VTC Developers -- It sure would be nice to have VTC mining support merged into bfgminer so we can keep using MultiMiner. TIA.

I'm not going to attempt to provide investment advice to you, however here's a couple of points for consideration:

1. True untraceability is not attractive to a mainstream audience, and IMO will lead to significant resistance from powerful, well funded organizations should DRK have a chance of becoming mainstream. I don't know much about DRK tbh so I can't really comment much on it, but as I understand it DRK is non-premined and attempts to do innovative things in which case I applaud that - I'm not bashing it at all, but I am strongly of the opinion that strong anonymity and mainstream adoption are mutually exclusive.

2. UTCs fast confirmations are not advantageous - there are various issues with very short block times, not least of which is the way in which they encourage centralisation of hashing power. Decentralisation is the entire basis for the security of a blockchain, if you discourage it in your parameters, you implicitly ask for a network that can't protect as much value.

This has been discussed before. The devs have chosen to go another route because complete anonimity will very likely lead to bans in the future and vtc is meant to be a broadly accepted coin to be used by everyone.

In the end it comes down to what you believe is right. If you think of going with coin A then go with it. Read all the announcement threads and choose wisely (as far as that is possible, all cryptos suffer from the current bitcoin down spiral and who knows if and what crypto will survive).