Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 575. (Read 1232701 times)
February 03, 2014, 08:41:05 PM
In the cryptocoin world a coin philosophy is everything. Good philosophy + right time = success. Scrypt ASISc are coming. Graphics cards will become useless for script mining. But graphics cards must be working. VTC is the solutions. More miners -> harder to get a coin -> its value raises.
February 03, 2014, 08:40:23 PM
Well i sold 50k VTC at 0.0004-0.0005 too. Quite a big loss.
I still see that as a huge win lol wish I had enough mining equipment to get that many coins
February 03, 2014, 08:38:57 PM
Well i sold 50k VTC at 0.0004-0.0005 too. Quite a big loss.
February 03, 2014, 08:32:55 PM
Sold my 1800 coins around .0005 thinking price around would go down and I could buy back in cheaper. I dun goofed
February 03, 2014, 08:28:01 PM
VTC has a huge potential for growth. In a matter of several months the cryptocoin market will be oversaturated with scrypt ASICs. All graphics cards will become useless for mining any standard scrypt coin. This great unleashed computational power would have to be applied somewhere. So the demand will be for a hash algorithm which goes well on graphics cards and still is ASIC-resistant. An algorithm used in VTC is not standard scrypt (2048 vs 1024 for the cost parameter), so it will be impossible to apply ASICs to VTC at least in the near future. So, the VTC network difficulty as well as the total number of miners will increase significantly. Mining any single VTC will become a hard task, so the value of every coin will skyrocket.
Do not rush to sell your coins guys. VTC excange rate will increase manyfold in a matter of months, IMHO.
Do not rush to sell your coins guys. VTC excange rate will increase manyfold in a matter of months, IMHO.
February 03, 2014, 08:20:27 PM
Thanks for your comments guys, i agree, i can see this going up up and away! I just wanted to get a rig (my poor cpu's) are getting hammered, and my bitcoin asic rig is just an expensive room heater, so will take your advice, hold what i have and get funds another way for a gpu rig. As it's something i would like to be a part of!
February 03, 2014, 08:17:31 PM
UPDATE FOR POOL OWNERS
I modded the script so it automatically anounces on your pools MOTD that registrations have been closed temporarily, and why.
http://pastebin.com/ZGjD3HXu
Put this in your scripts folder in MPOS as 51_percent_check.php owned by root:root and chmod'd 755 then "sudo crontab -e" and add a line:
* * * * * php /var/www/MPOS/scripts/51_percent_check.php
Now your pool will automatically close and reopen registrations depending on your share of the network hashrate, no more having to keep checking on it!
Also, add a line to /var/www/MPOS/.gitignore like:
/scripts/51_percent_check.php
So that git won't pull down updates over the top of it, with the original version (which doesn't update the MOTD, and only closes reg once you've already 51%'d the network)
Someone better at php (and more patient
might want to improve it by building in some hysteresis so it doesn't keep closing/reopening every minute when it's right around 40% 
If you do, please post it, I'd like to do that but I don't have the time to hack that together right now, but this ought to at least do the job in a quick and dirty way.
February 03, 2014, 08:13:28 PM
I was only thinking of selling some in order to put together a mining rig in order to get more coins, but think i will now keep my coins and get the cash together another way. This is flying!
When I was mining BTC in 2010/2011. Everytime I sold BTC to buy more equipment I lost in the end. I paid 56 BTC to buy 7gh's Jalepenos. Think about that.
February 03, 2014, 08:10:19 PM
HOLD HOLD HOLD HOLD, F'ING HOLD people.
I "STILL" think this coin is undervalued! Greatly undervalued.
Its insanely hard to mine,
Extremely ASIC resistant
CPU Viable (slow but viable)
Nvidia Viable (not as slow, actually not bad!)
Zero Premine
Active devs that just introduced KGW into the formula making the coin even stronger.
Better coin-distribution than most other cryptos
The best/most fair launch I have ever witnessed that actually favored the 'little' miner.
This launch also included countless opportunities to buy in with BTC/LTC on coined up just a short time after release.
I think this coin is at $2.00 USD where bitcoin was at $20.00. The question for me is not IF but when.
VTC is renewing interest and passion into crypto at a time when many professional miners ard investors are looking at the meme coins, and scrypt asics with a sour stomach and uncertainty about the future. After hard fought battles to get Bitcoin into the realm of legitimacy in a world fixated on old ideas, and old methods.
MINE, HOLD and take care of your family later, as a reward for all this damn time we spend here obsessing over this crap.
"Long Live the Fighters!"
I "STILL" think this coin is undervalued! Greatly undervalued.
Its insanely hard to mine,
Extremely ASIC resistant
CPU Viable (slow but viable)
Nvidia Viable (not as slow, actually not bad!)
Zero Premine
Active devs that just introduced KGW into the formula making the coin even stronger.
Better coin-distribution than most other cryptos
The best/most fair launch I have ever witnessed that actually favored the 'little' miner.
This launch also included countless opportunities to buy in with BTC/LTC on coined up just a short time after release.
I think this coin is at $2.00 USD where bitcoin was at $20.00. The question for me is not IF but when.
VTC is renewing interest and passion into crypto at a time when many professional miners ard investors are looking at the meme coins, and scrypt asics with a sour stomach and uncertainty about the future. After hard fought battles to get Bitcoin into the realm of legitimacy in a world fixated on old ideas, and old methods.
MINE, HOLD and take care of your family later, as a reward for all this damn time we spend here obsessing over this crap.
"Long Live the Fighters!"
February 03, 2014, 08:09:50 PM
I was only thinking of selling some in order to put together a mining rig in order to get more coins, but think i will now keep my coins and get the cash together another way. This is flying!
February 03, 2014, 08:02:38 PM
Yeah Im holding, this coin is the new LiteCoin. Coin will be 100* this value in a matter of weeks I think.
That would make it 7x more valuable than Litecoin
February 03, 2014, 07:58:58 PM
Yeah Im holding, this coin is the new LiteCoin. Coin will be 100* this value in a matter of weeks I think.
February 03, 2014, 07:56:02 PM
Just wondering, i have 840 coins, which would be enough to cash out some to go towards a mining rig, would this be worth it or should i just hold? also, what would the best gpu for this? many thanks!
Do not sell. Leave them for months or years - two. Vertcoin is best coin. February 03, 2014, 07:46:34 PM
bump
February 03, 2014, 07:44:24 PM
Trading volume has also increased significantly. 
This is looking to be the new litecoin replacement!
This is looking to be the new litecoin replacement! February 03, 2014, 07:43:44 PM
DUMP.
February 03, 2014, 07:35:47 PM
Nice sell wall at 26 
February 03, 2014, 07:32:10 PM
Don't listen to this Guy, this isn't a pump&dump. More and more ppl are discovering this coin and especially due to the asic rumours people are getting in line to buy it cause it may very well be the next big thing.
Come on. A single seller dumping 2000 VTC would halve the price on CoinedUp right now.
I'm long on Vert. Either hold long, or sell this very second if you want to invest in some gear right away, and then hold long what you earn from that.
February 03, 2014, 07:28:43 PM
Just wondering, i have 840 coins, which would be enough to cash out some to go towards a mining rig, would this be worth it or should i just hold? also, what would the best gpu for this? many thanks!
Hold, in a few days mining this will probably not be that profitable anymore
I was thinking the same thing, the way this is taking off i would hate to cash any out. I think i will best off scraping some cash together elsewhere though, just so i can participate in this! and to think i started mining this coin on 2 laptops and a desktop! lol
Just wondering, i have 840 coins, which would be enough to cash out some to go towards a mining rig, would this be worth it or should i just hold? also, what would the best gpu for this? many thanks!
Now is the time to sell if you want to cashout on the top of pump and dump. Quite easy to take advantage of the pumpers on CoinedUp if you're quick enough, just gotta get in on their buy orders before they sell to themselves.
Don't listen to this Guy, this isn't a pump&dump. More and more ppl are discovering this coin and especially due to the asic rumours people are getting in line to buy it cause it may very well be the next big thing.
February 03, 2014, 07:25:07 PM
Just wondering, i have 840 coins, which would be enough to cash out some to go towards a mining rig, would this be worth it or should i just hold? also, what would the best gpu for this? many thanks!
Hold, in a few days mining this will probably not be that profitable anymore
I was thinking the same thing, the way this is taking off i would hate to cash any out. I think i will best off scraping some cash together elsewhere though, just so i can participate in this! and to think i started mining this coin on 2 laptops and a desktop! lol
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