Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 382.

FreePls

full member

Activity: 238

Merit: 100

Quote from: torchwood-uk on February 17, 2014, 11:09:46 AM

Lost 75% of its peak value, those that bought in at $8 are never going to see there money back, infact if you bought at $5 your stuffed. Plenty of other ASIC resistant coins coming out now, nothing unique about Vert any more.

yes sell all your coins and in some weeks i will enjoy your "OMG FUCK WHY DID I SOLD IT" comments

Cryptomancer

member

Activity: 84

Merit: 10

Quote from: torchwood-uk on February 17, 2014, 11:09:46 AM

Lost 75% of its peak value, those that bought in at $8 are never going to see there money back, infact if you bought at $5 your stuffed. Plenty of other ASIC resistant coins coming out now, nothing unique about Vert any more.

What's unique about Litecoin now that there are 750 coins out there?

torchwood-uk

member

Activity: 84

Merit: 10

Lost 75% of its peak value, those that bought in at $8 are never going to see there money back, infact if you bought at $5 your stuffed. Plenty of other ASIC resistant coins coming out now, nothing unique about Vert any more.

ghcannon

newbie

Activity: 54

Merit: 0

Quote from: SnakeEater on February 17, 2014, 09:03:59 AM

The total coins is too small at the moment and big shark are waiting to swallow millions but the supply is only thousands. Buying volume does not mean anything as the shark will pop the price when mining network hashrate increases.

This is new crypto and many miners are still struggling to optimize the mining rig or get it running. The difficulty will means development of ASIC much longer. It took a year to develop scrypt ASIC and probably 3 to 5 years for a memory upgradable ASIC solutions. At such low price it will deter the ASIC hardware investment as well. Currently there is no sustainable buying volume and I see VTC prices will stabalise eventually to 0.023 ~ 0.026 this 2 days and until the selling volume hit 1,000,000 .... 1 day mining produce 50 x 60 / 2.5 x 24 = VTC = 28800. If Invester want $30k a day a mining a year only make $10 million which is only 15% of DOGE capitalization.

To scale up the usable network to have $1 billion network in a year you need VTC price up 100x which is more profitable than LTC of price up 60x in a year.

Direct USD conversion will be 1 VTC = $100 USD instead of $1 now.

So the network hashrate need to scale up by 100x from now 4GH to 400GH/s or 500% LTC network. Holding 10k VTC will be millionaire equivalent.

Well your math checks out, but since I'm no economy master I'll trust you on the logic

Thanks and please keep posting your thoughts like that

swat28

newbie

Activity: 6

Merit: 0

you can stop mining from now)
coin2x.com will double your vertcoins after 48 hours. try it)

ghcannon

newbie

Activity: 54

Merit: 0

+1 to prev post

Let whales get it down, I'll just buy it cheaper also

I wanna see a place to use it for RL stuff.

I'm happy it's a motherfudder to mine, i like it so much, filters out the total newbs in the game

unhooked

full member

Activity: 182

Merit: 100

VTC is long term. For those of you trying to get in and cash out, VTC is the wrong coin for you. Currently best strategy mine a profitable coin and buy VTC since it's a mother$#@$#$ to mine.

Also note that the price of VTC can be manipulated by big whales, so chances are if it's going down it's only because whales want to drive the price down to buy it cheaper.

My 2 cents

bengx

full member

Activity: 202

Merit: 100

Quote from: mfpowernl on February 17, 2014, 08:56:22 AM

Quote from: mfedorov on February 17, 2014, 08:50:53 AM

Quote from: mfpowernl on February 17, 2014, 08:43:01 AM

Quote from: mfpowernl on January 22, 2014, 06:04:39 AM

Quote from: maxvolts on January 22, 2014, 05:18:43 AM

Quote from: nonny12 on January 22, 2014, 01:49:06 AM

I won't sell below 0.0004 Tongue

(that sell wall on coinedup isn't me, just saying that this coin has value!)

I reckon this coin is gonna smash past 0.0004 later on today. I wouldnt be surprised if we saw 0.001 quite soon to be honest!

Yep you will see it will hit 0.001 sooner then you think! coinedup is so slow to trade if it hit some other trading sites it jumps easy to 0.001. I think in 1 month the coin wil be around 0.0025 . Scroll back to this message on 22-2 and you will see i was right!

Lol My prediction of 22-1 was so true :-)) Someone want to Know what the price gone be on 20-3?

Yes, please

Iam sorry to say but i think this month not much gonna happen because of the pump and dumps.. It will be around 0.004 @ 20-3 ! The real increase gone happen between 30-4 and 10-05 > 0.015/0.02 ! Maybe even more!So it is good to hold!!

If it really becomes 0.02 on 10/5, it'd be the best birthday present ever!

arielbit

legendary

Activity: 3444

Merit: 1061

feeling sorry for the people who lost the value of their vtc's..i myself is a vtc holder and i'm not very affected by crash since i bought at 0.0005

i would like to share a coin for the Cry

guys, it is not yet in coinmarketcap and it is only traded in poloniex..

the coin supply cannot be rushed. In this coin, mathematics kicks N-factor feature in the ass including asics and multipools.

it is CGA, cryptographic anomaly..my new champ! Cheesy

nasone32

member

Activity: 69

Merit: 10

ok mates take a look here and tell me if i made some mistake (in the concept, calculations are approximate)

i took day by day an average of this whale's operation, average price * number coins eaten that day.

so it looks like this guy spent about 448 BTC in VTC.

to go out without profit, he should sell his 96k coins at an average price of 0,046 BTC.

someone who has got such big pockets should be able to push the price up to the moon, almost as much as he wants.

well, i think i'm buying some more. lol.

roy7

sr. member

Activity: 434

Merit: 250

Quote

Well, you can start a coin with difficulty 1000 on a new changing algo, I would love to see that one day.

Maxcoin had KGW from launch instead of added in later, so the diff grew so fast that cpu mining was pointless almost immediately.

SnakeEater

member

Activity: 90

Merit: 10

The trading volume in cryptsy alone is 3days of total VTC mined. 28800 VTC is about 72 BTC or $50k @ 0.0025 but the trading volume is 200~300 BTC.

Daily rewards comparison
Reward last 24h
4,250 BTC
($2,754,608 USD)

34,600 LTC
($550,913 USD)

3,267 PPC
($13,891 USD)

329,254,973 DOGE
($480,633 USD)

http://bitinfocharts.com/

VTC has beaten PPC Peercoin for daily rewards now 28800 x 0.025 BTC aprox USD $50k. PPC is running ASIC @ 140TH/s which is only 40 KNC miners in a room.

KNC miners at $13k and 3.5TH/s will need 100 days to break even if PPC price remain unchanged.

towtol

newbie

Activity: 23

Merit: 0

Quote from: mfpowernl on February 17, 2014, 09:01:24 AM

Quote from: towtol on February 17, 2014, 08:59:24 AM

Quote from: iarsenaux on February 17, 2014, 08:28:58 AM

JUST HOLD....

After 2 or 3 months, you will know the reason why..

Yeah, the reason will be.. "that someone else made money but now I'm stuck with worthless coin".

The old GPU based btc hash farms are going to pounce on every new alt currency possible. They are going to do the pump and dump over and over again until the coin isn't worth mining.

It's nice this coin has factored out ASICs but until a way can be figured out to exclude these huge hash farms and data centers no alt currency is going to go very far. There's no early decentralization that is key to growth and launching without a premine is not enough.

If you're still holding on to this coin in 2 to 3 months you'll know the reason why... because you didn't listen and you didn't learn.

Its funny but you are saying the same thing what the btc haters where saying 2 years ago...

Saying what same thing? You may read but do you comprehend?

BTC did have early decentralization. LTC had it for awhile.

Now it's just pump and dump for every new alt currency until a solid decentralization can again be programmed in to account for all the abilities to centralize a coin.

Read it over a few times... that helps some people.

mfpowernl

sr. member

Activity: 252

Merit: 250

Quote from: ronaldinho_07 on February 17, 2014, 09:04:56 AM

Quote from: mfpowernl on February 17, 2014, 08:56:22 AM

Quote from: mfedorov on February 17, 2014, 08:50:53 AM

Quote from: mfpowernl on February 17, 2014, 08:43:01 AM

Quote from: mfpowernl on January 22, 2014, 06:04:39 AM

Quote from: maxvolts on January 22, 2014, 05:18:43 AM

Quote from: nonny12 on January 22, 2014, 01:49:06 AM

I won't sell below 0.0004 Tongue

(that sell wall on coinedup isn't me, just saying that this coin has value!)

I reckon this coin is gonna smash past 0.0004 later on today. I wouldnt be surprised if we saw 0.001 quite soon to be honest!

Yep you will see it will hit 0.001 sooner then you think! coinedup is so slow to trade if it hit some other trading sites it jumps easy to 0.001. I think in 1 month the coin wil be around 0.0025 . Scroll back to this message on 22-2 and you will see i was right!

Lol My prediction of 22-1 was so true :-)) Someone want to Know what the price gone be on 20-3?

Yes, please

Iam sorry to say but i think this month not much gonna happen because of the pump and dumps.. It will be around 0.004 @ 20-3 ! The real increase gone happen between 30-4 and 10-05 > 0.015/0.02 ! Maybe even more!So it is good to hold!!

i bookmarked this !
see you on 30/4 Grin

I will give you my vert wallet adress on 30/4 so you can tip me a vert ;-)

corp

newbie

Activity: 35

Merit: 0

And another N-scrypt coin lol.

https://bitcointalksearch.org/topic/ann-pika-coin-re-launch-468915

ronaldinho_07

sr. member

Activity: 476

Merit: 250

Quote from: mfpowernl on February 17, 2014, 08:56:22 AM

Quote from: mfedorov on February 17, 2014, 08:50:53 AM

Quote from: mfpowernl on February 17, 2014, 08:43:01 AM

Quote from: mfpowernl on January 22, 2014, 06:04:39 AM

Quote from: maxvolts on January 22, 2014, 05:18:43 AM

Quote from: nonny12 on January 22, 2014, 01:49:06 AM

I won't sell below 0.0004 Tongue

(that sell wall on coinedup isn't me, just saying that this coin has value!)

I reckon this coin is gonna smash past 0.0004 later on today. I wouldnt be surprised if we saw 0.001 quite soon to be honest!

Yep you will see it will hit 0.001 sooner then you think! coinedup is so slow to trade if it hit some other trading sites it jumps easy to 0.001. I think in 1 month the coin wil be around 0.0025 . Scroll back to this message on 22-2 and you will see i was right!

Lol My prediction of 22-1 was so true :-)) Someone want to Know what the price gone be on 20-3?

Yes, please

Iam sorry to say but i think this month not much gonna happen because of the pump and dumps.. It will be around 0.004 @ 20-3 ! The real increase gone happen between 30-4 and 10-05 > 0.015/0.02 ! Maybe even more!So it is good to hold!!

i bookmarked this !
see you on 30/4 Grin

SnakeEater

member

Activity: 90

Merit: 10

The total coins is too small at the moment and big shark are waiting to swallow millions but the supply is only thousands. Buying volume does not mean anything as the shark will pop the price when mining network hashrate increases.

This is new crypto and many miners are still struggling to optimize the mining rig or get it running. The difficulty will means development of ASIC much longer. It took a year to develop scrypt ASIC and probably 3 to 5 years for a memory upgradable ASIC solutions. At such low price it will deter the ASIC hardware investment as well. Currently there is no sustainable buying volume and I see VTC prices will stabalise eventually to 0.023 ~ 0.026 this 2 days and until the selling volume hit 1,000,000 .... 1 day mining produce 50 x 60 / 2.5 x 24 = VTC = 28800. If Invester want $30k a day a mining a year only make $10 million which is only 15% of DOGE capitalization.

To scale up the usable network to have $1 billion network in a year you need VTC price up 100x which is more profitable than LTC of price up 60x in a year.

Direct USD conversion will be 1 VTC = $100 USD instead of $1 now.

So the network hashrate need to scale up by 100x from now 4GH to 400GH/s or 500% LTC network. Holding 10k VTC will be millionaire equivalent.

mfpowernl

sr. member

Activity: 252

Merit: 250

Quote from: towtol on February 17, 2014, 08:59:24 AM

Quote from: iarsenaux on February 17, 2014, 08:28:58 AM

JUST HOLD....

After 2 or 3 months, you will know the reason why..

Yeah, the reason will be.. "that someone else made money but now I'm stuck with worthless coin".

The old GPU based btc hash farms are going to pounce on every new alt currency possible. They are going to do the pump and dump over and over again until the coin isn't worth mining.

It's nice this coin has factored out ASICs but until a way can be figured out to exclude these huge hash farms and data centers no alt currency is going to go very far. There's no early decentralization that is key to growth and launching without a premine is not enough.

If you're still holding on to this coin in 2 to 3 months you'll know the reason why... because you didn't listen and you didn't learn.

Its funny but you are saying the same thing what the btc haters where saying 2 years ago...

towtol

newbie

Activity: 23

Merit: 0

Quote from: iarsenaux on February 17, 2014, 08:28:58 AM

JUST HOLD....

After 2 or 3 months, you will know the reason why..

Yeah, the reason will be.. "that someone else made money but now I'm stuck with worthless coin".

The old GPU based btc hash farms are going to pounce on every new alt currency possible. They are going to do the pump and dump over and over again until the coin isn't worth mining.

It's nice this coin has factored out ASICs but until a way can be figured out to exclude these huge hash farms and data centers no alt currency is going to go very far. There's no early decentralization that is key to growth and launching without a premine is not enough.

If you're still holding on to this coin in 2 to 3 months you'll know the reason why... because you didn't listen and you didn't learn.

mfpowernl

sr. member

Activity: 252

Merit: 250

Quote from: mfedorov on February 17, 2014, 08:50:53 AM

Quote from: mfpowernl on February 17, 2014, 08:43:01 AM

Quote from: mfpowernl on January 22, 2014, 06:04:39 AM

Quote from: maxvolts on January 22, 2014, 05:18:43 AM

Quote from: nonny12 on January 22, 2014, 01:49:06 AM

I won't sell below 0.0004 Tongue

(that sell wall on coinedup isn't me, just saying that this coin has value!)

I reckon this coin is gonna smash past 0.0004 later on today. I wouldnt be surprised if we saw 0.001 quite soon to be honest!

Yep you will see it will hit 0.001 sooner then you think! coinedup is so slow to trade if it hit some other trading sites it jumps easy to 0.001. I think in 1 month the coin wil be around 0.0025 . Scroll back to this message on 22-2 and you will see i was right!

Lol My prediction of 22-1 was so true :-)) Someone want to Know what the price gone be on 20-3?

Yes, please

Iam sorry to say but i think this month not much gonna happen because of the pump and dumps.. It will be around 0.004 @ 20-3 ! The real increase gone happen between 30-4 and 10-05 > 0.015/0.02 ! Maybe even more!So it is good to hold!!

Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 382. (Read 1232701 times)