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Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 428. (Read 1232701 times)

alc
full member
Activity: 129
Merit: 100
This is a very early thought/concept: is it possible to setup "exchanges" connected to every Vtc pool? So, the pool will have a bunch of Vtcs sitting in reserves that everyone can see (avoiding mt gox transparency problems).

Miners can elect the percentage they wish to keep and the percentage they wish to make available on the exchange and what crypto they are willing to accept. The percentage made available would be sold by the pool and then paid to the miner in the crypto of their choice.

Over time, miners can also add bank details to accept dollars via the pool/exchange mechanism, to sell Vtc for fiat.

Just an idea. Feel free to point out obvious problems with this setup.  Smiley

That is a VERY good idea. I like it a lot. But how could we make it secure?

This is something that needs to be coded right away. In light of the Mt Gox scandal, we can de-centralize exchanges and re-establish the public's trust.

Bitcoin holders would trade their BTC for VTC in droves. (That will be good for 3 weeks until a new decentralized exchange comes out for the new kid on the block.. no fun intended)
With regards to Lloydie's suggestions, I think multipool.us already offers something approximating this arrangement - you mine, choosing what coin, then later you can convert it into BTC.

However, it's a massive leap to go from running a pool like this, to running an exchange for fiat. Any time you interact with fiat, by nature, you're playing it by their rules, and that means regulations and paperwork - most pools (especially the smaller ones of which Vertcoin has correctly encouraged a plurality so far) won't be interested in taking on, or capable of handling, the hassles associated. "Decentralizing exchange to fiat" is much easier said than done; you can't code your way out of this, because what's stopping it isn't a computer problem, it's a regulatory one.
full member
Activity: 210
Merit: 100
Please help fund an important VTC project

I have just filled nearly 30% of the funding goal for this:

http://vertcoinmarket.com/campaigns/vertcoin-logo-refinement-corporate-identity-guide/

Please can some of you help finish funding this - it's super important for the future of Vertcoin that we get a consistent identity out there, this is the first thing we must do before we can start building the press packs, infographics and other materials that will let us reach out and tell the wider world outside our little niche about Vertcoin and it's benefits.

I hope a lot of you will contribute - it won't take a lot, another 50VTC is all that is needed to fully fund this. Even if all you can spare is a few Vertoshis, every little helps
full member
Activity: 140
Merit: 100

I am afraid this fundraiser could fail due to the community being too greedy, reffering to the slogan: "mine and hold!"


No way!  We've raised 32%, already, we can do it!

Love the concept and all but I can't tell from the page where the money is going and through whose hands so no dice. Fix that and I will reconsider.

Side note, someone build a microloan market for vert in your spare time would you? Altcurrency would be so good for that. I know, big projrct but if anyone is looking for one of those, recruit some ambassadors from the coin community who live in impoversihed places and set up a way to put them on an honor system and get some money flowing.

http://vertcoinmarket.com/faq/ - it's held by the project. I know the guy personally. He's cool and is 100% invested into VTC. Of course, my word likely means nothing to people here but trust has to start somewhere. If you have suggestions for vertcoinmarket, please do say so! There is a reddit thread here: http://www.reddit.com/r/vertcoin/comments/1xgaoa/vertcoinmarketcom_crowdfunding_for_vtc_related/

Actually after another moment, I see your point. The funds will be released to "bitjedi" - a grey face who we know nothing about. Talking with the developer behind the website now.
newbie
Activity: 42
Merit: 0
http://dedicatedpool.com/images/logo.png

VTC.DEDICATEDPOOL.COM

Benefits of Mining on DEDICATEDPOOL.COM

  • Backups every 30 minutes of the databases and wallets to protect your mining endeavours.
  • Full 24/7 support available at [email protected]
  • Mine uninterrupted - dedicated servers w/redundancy, DDoS protection.
  • Trustworthy admins who care about your experience and mining.

Mining Information

  • Custom stratum/mpos environment
  • Vardiff enabled
  • PPNLS payout system
  • Everything is transparent - blocks, donations, fees.

Server Infrastructure

  • SIX(6) SERVERS IN CLUSTER
  • DDoS protection at switch level
  • 8 Core servers, 256GB DDR3 RAM, RAID 10 SSD
  • Ramdisks, memcaches, to make things go extremely quick

The Future

  • Implementing a full ticketing system
  • Phone and SMS support.. yes phone! Call and talk to someone real.
  • More servers, more power, more scalability.
newbie
Activity: 2
Merit: 0
gimme please
VezNEHz988BgycYsMznsWUL79cJvokcywn

thank you  Kiss Kiss Wink
full member
Activity: 140
Merit: 100

I am afraid this fundraiser could fail due to the community being too greedy, reffering to the slogan: "mine and hold!"


No way!  We've raised 32%, already, we can do it!

Love the concept and all but I can't tell from the page where the money is going and through whose hands so no dice. Fix that and I will reconsider.

Side note, someone build a microloan market for vert in your spare time would you? Altcurrency would be so good for that. I know, big projrct but if anyone is looking for one of those, recruit some ambassadors from the coin community who live in impoversihed places and set up a way to put them on an honor system and get some money flowing.

http://vertcoinmarket.com/faq/ - it's held by the project. I know the guy personally. He's cool and is 100% invested into VTC. Of course, my word likely means nothing to people here but trust has to start somewhere. If you have suggestions for vertcoinmarket, please do say so! There is a reddit thread here: http://www.reddit.com/r/vertcoin/comments/1xgaoa/vertcoinmarketcom_crowdfunding_for_vtc_related/
hero member
Activity: 868
Merit: 1000

I am afraid this fundraiser could fail due to the community being too greedy, reffering to the slogan: "mine and hold!"


No way!  We've raised 32%, already, we can do it!
newbie
Activity: 30
Merit: 0
@Boris

I get "Unable to activate your account. Invalid token." when I try to activate my account at your pool. Can you resent me a token? Smiley
full member
Activity: 140
Merit: 100
To check how cryptsy is handling deposits i send each day a few VTC.
Last deposit now more than 18 hours and still not received.

Also Withdraw BTC no longer possible since more than 1 hour.
Always internal error.



Stop trading there. There are like a million posts on here complaining about cryptsy and you keep trading there. Coinedup is fixed up, it's kind of lame but I have done large volume, no lost transactions and a couple hours slowest confirm. Much improved this week and anyway you should be holding vtc so serves you right. Kidding I don't know that really but move or zip it, it's your own fault from here on out.

I don't know why people don't use coinmarket.io. It's so much faster than Coinedup and Cryptsy.
sr. member
Activity: 336
Merit: 250
SellALL, BuyBTC
I sent my Verts from coinmarket to cryptsy over 20 hours ago and nothing. What a bad move that was.. Undecided
sr. member
Activity: 364
Merit: 250

I am afraid this fundraiser could fail due to the community being too greedy, reffering to the slogan: "mine and hold!"

Any update on Zerocoin/Zerocash being 'implemented/added' to Vertcoin? (if that's the correct saying).  Do we have an ETA for this?  Is it definitely going to happen?

We probably wont see it before May.

wouldnt take that long. Anyways, boris said its a dev priority, cant really get more specific than that at this stage.


I just did another small donation.
full member
Activity: 168
Merit: 100

I am afraid this fundraiser could fail due to the community being too greedy, reffering to the slogan: "mine and hold!"

Any update on Zerocoin/Zerocash being 'implemented/added' to Vertcoin? (if that's the correct saying).  Do we have an ETA for this?  Is it definitely going to happen?

We probably wont see it before May.
legendary
Activity: 1526
Merit: 1012
legendary
Activity: 2058
Merit: 1166
guys what exactly is the connection between the number of people mining a coin and the security in that network?
hero member
Activity: 868
Merit: 1000
Any update on Zerocoin/Zerocash being 'implemented/added' to Vertcoin? (if that's the correct saying).  Do we have an ETA for this?  Is it definitely going to happen?
full member
Activity: 224
Merit: 100
P2Pool Update

We intend to update the network information for p2pool in our official repo, its just a change in networks.py. The update with that should show up sometime before the seed nodes upgrade, or you can just get it from the pull request, but the network wont be live until the listed date. This involves a change to how long a share is valid, currently a share is only valid for 3 blocks. This setting was borrowed from Litecoin, and it has proven to be too low for us. It will be adjusted to 12 with this update, that should hopefully improve the p2pool experience for people with low hashrates. As every worker's share will now be valid for a longer period.

This update requires a hard fork of the network, which means we will have two p2pool networks running in parallell for some time while everyone interested updates to the newer version. Don't panic, it won't be like hardforking a wallet, no paid coins will go invalid. It just means that to benefit from this update you need to upgrade to the new settings. It might also mean that blocks will come a little slower for a while if not everyone comes along with the update (as we will split into two). The point of this pre-announcement is to mitigate that. Also moving to this new network means that the we'll get a new sharechain, a.k.a. any shares from the old network won't transfer over.

The p2pool scanner and all the seed nodes will be upgraded to this version on 13th february at 22.00 GMT. Any node left on the old network will continue operating as normal, but will not show up in the scanner until upgraded.

Hopefully people will catch on fast and update.

Note: The best way fora miner with a low hashrate to mine on p2pool is still to run your own node with only you on it, because work difficulty is based on the entire node's hashrate (this might be changed to a per worker difficulty in a future update, but that change requires more testing first). You should be paid the same in both instances over time, but variance will be higher if on a public node. Remember that p2pool is distributed pool, all work on every node is equally valid (as long as it's not orphaned or dead-on-arrival).

This is excellent news! Could you please announce it again when its changed!
sr. member
Activity: 309
Merit: 250
confused developer
I have finally managed to start P2P node on my own, however, I can't run intensity higher than 13 now and HW are killing me. So with I13 my hasrate went down from 450kh/s per card to 320 per card..don't know what the point of running own node is then  Huh
is it RAM hungry process?

point of running your own node is security and decentralization of hashrate. You don't depend on minimal payouts or possible operator scam

Do You think If I add some RAM I will be able to keep my settings(khas) and mine on own nod?

mattbigblue, I don't think it's that memory hungry. My p2pool's stats page says it uses 178MB right now, I'll double check as soon as I'm near the machine.

Also I can easily switch pools from cgminer, from classic pools to other p2pools to my own p2pool without changing anything. Hashrate is constant.

So from my pov your p2pool shouldn't be the cause of your hashing problems... Have you tried switching pools from inside cgminer?

No I haven't. I will try that when I get back home. I've also read somewhere that when I try to run own p2p node for the first time I should run it for 2-3min, shutdown and try again cause HW seems to be common issue.

HW errors are usually caused by difficulty 0 (that a new empty p2pool node starts at), you can basically ignore them, it's a bug in cgminer. They should disappear once diff goes above 0 (if they don't, then you might have a problem).
full member
Activity: 182
Merit: 100
I have finally managed to start P2P node on my own, however, I can't run intensity higher than 13 now and HW are killing me. So with I13 my hasrate went down from 450kh/s per card to 320 per card..don't know what the point of running own node is then  Huh
is it RAM hungry process?

point of running your own node is security and decentralization of hashrate. You don't depend on minimal payouts or possible operator scam

Do You think If I add some RAM I will be able to keep my settings(khas) and mine on own nod?

mattbigblue, I don't think it's that memory hungry. My p2pool's stats page says it uses 178MB right now, I'll double check as soon as I'm near the machine.

Also I can easily switch pools from cgminer, from classic pools to other p2pools to my own p2pool without changing anything. Hashrate is constant.

So from my pov your p2pool shouldn't be the cause of your hashing problems... Have you tried switching pools from inside cgminer?

No I haven't. I will try that when I get back home. I've also read somewhere that when I try to run own p2p node for the first time I should run it for 2-3min, shutdown and try again cause HW seems to be common issue.
newbie
Activity: 42
Merit: 0
Difficulty just jumped from 122 to 132? Interesting...
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