Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 615. (Read 1232701 times)

You can buy vertcoin with bitcoin in coined up mate, just deposit bitcoins in your coined up wallet then select vtc/btc in the main page and buy!

Only coinedup at the moment

Now for a shamless plug - we could do with some hashrate at vtcpool.co.uk - come join in, we're hitting blocks, I'm mining there myself now.

The implementation is already done, tested and validated on the testnet, all we need to do is rebuild the wallets with the changes applied to the mainnet and push the new code to the github once the changes are finalized.

In technical terms, at a certain block height, the getnextworkrequired() function will switch from the legacy difficulty adjustment algorithm to KGW - that's exactly how we tested it on the testnet, by starting a new blockchain with the legacy adjustment and mining through the switchover.

As to exactly what block height the mainnet will fork at, we are discussing that at present. What I can say is, the new wallets will be rebuilt in the next couple of days and released in the early part of next week, then the actual fork block-height will be chosen to occur sometime between the 4th and 11th of February. The interval between wallet release and fork-height will be chosen to balance the desire to get the improvements implemented quickly, with the desire to allow time for users and pool operators to upgrade their wallet.

I agree wholeheartedly with this. The LTC people are very conservative. I'm not making a value judgement on that in any way at all. I'd like to think we are conservative in the VTC community as well - despite this coin being very innovative and bringing new things to the table, part of the reason I think we're having the kind of success we are is because the parameters chosen, and the way in which the changes we're about to make have been considered and thought through, have inspired confidence that this coin is here for the long term.

Vive LTC, Vive la Vert.

Well, yes, inflation is the rate at which the money supply grows, rather than (as people often wrongly assume) a rise in prices, it's really a dilution of purchasing power. You can create units of account at will (at least in fiat money systems), but you can't create value so easily.


So, as you said above - it's the rate of increase of coins that causes dilution of purchasing power. Therefore, if we did that, we would dilute the purchasing power of existing VTC - not very fair!

I'd also like to think anyone actually holding VTC would refuse such a fork! We can't force a fork on anyone - that's the whole point of the decentralisation of the network. if we proposed something outrageous people could vote with their feet and mine the original blockchain so the new fork had lower block height (ie. was a rejected chain) - when people choose to come along with the changes we're making, it'll be because they agree that they are improvements and they protect and strengthen the network.

Doing a helicopter-Ben on our miners and investors isn't in the plan!


Well, how you choose to represent the "units" of VTC is actually kind of arbitary - there are so many Vertoshis, there's plenty of room to choose a different unit if you find it easier to calculate that way. You can make the client display mVTC, or uVTC - see the Settings->Options->Display menu in the wallet.

Difficulty at the fork will stay where it is - whatever difficulty we fork from will be the difficulty that KGW starts adjusting from on the following block.

That theoretically goes for Bitcoin and any other crypto as well.

Litecoin is "THE" alt-coin.  For it to change at all, it would then just be dated Scrypt coin and would lose its status, stability, and price.

People get excited about the latest cut-n-paste, find-n-replace clone of Litecoin, but all of them combined (with the exception of DOGE), add up to a small fraction of the Litecoin network.  Even with the DOGE explosion, theres still ~80GH/s toiling away on LTC.

The Litecoin people are relatively conservative for the crypto world - DOGE has caused them to wake up a little and think about the future, but I dont see them ever considering any changes.

Hard cap too low! you have received feedback for that too!!

With DOGE's success (and similar others) i think it is safe to say there is NO point in making a coin rare or scarce, what helps against inflation is not the amount of coins in circulation but the rate of minting against a given market cap. The only thing achieved with a low cap is a pricey coin which in my opinion is not good for the coin in the long term.

Please, also increase the amount of coins. We want to trade in INTEGERS, not in 8 decimal places (bitcoin) or any other amount higher than 2 decimal places.

how? i want to buy VTC with BTC but there is no such option in coinedup. Could you please explain where or how are you buying?

I think this coin has potential but I have a quick question

This is basically supposed to be litecoin replacement because of the N factor right.... but can't litecoin just implement that into their coin as well and it would basically have no difference vs this coin thus no difference for people to abandon LTC and come to this coin?

What happened with voting on cryptsy?

"official" link goes here https://cryptsy.freshdesk.com/support/discussions/topics/64057/
and there only is 1 person "liking" it?? There were like 130 votes yesterday I think.. and now its gone? Some mistake?

edit: ok, few minutes later I already see all 142 ppl liking the idea.. so must had been some error on cryptsy side for a while, which is not anything surprising

if you are doing such nice thinkg as promoting VTC in your signature, you should at least put anchor linking to the first page of this thread on it..

Work restart means that the vertcoin network found a new block and it is usually normal, but you shouldn't be seeing it every few seconds unless the vertcoin network is getting really lucky with blocks.. But the current hashrate is high in relation to the current difficulty so blocktimes are faster than usual. Anyway, the p2pool is separate from the normal blockchain, you can read more here https://en.bitcoin.it/wiki/P2Pool

I've updated the site with an FAQ: http://p2pool.etyd.org:9171/static/

What does this mean in relation to the current coin difficulty? Is it a hard reset from where we are now or will this update just maintain the current difficulty? Kinda would like to know this.

We need update wallets? My connect to network but don't synchronize.

p.s. I'm make -rescan & ok.

Big things have been happening behind the scenes in the Vertcoin developer IRC channel, and we are now at a point of being able to tell you all what's been going on.

There has been feedback from users on 2 points that we wanted to address and respond to.

1. The N-Factor schedule, which some people feel is too aggressive and might unfairly squeeze out older GPUs in future as N-factor increases.

2. The difficulty adjustment algorithm, with 3.5 day difficulty retargeting, which users felt (myself included) could be vulnerable to leaving us stranded at high difficulty if a multipool merges the VTC mining patches into a mining client, then leaves the network after a period of high profitability, greatly decreasing hashrate and leaving Vertcoin stranded with long block times, leaving the core VTC miners to mine through a long unprofitable period to get back to 2.5 minute blocks.




1. Difficulty adjustment will now use the Kimoto Gravity Well, which retargets every block and copes extremely well with periods of hashrate volatility. The KGW is production proven in Megacoin, Anoncoin, RonPaulCoin and others - it is the best of the best, and we're going to see it in VTC soon. (See the poll linked below for a link to a good explanation of what the KGW is/does).

2. N-factor changes will occur on a schedule somewhere between every 18 months and 2-years.

We'd like you all to help us decide:

1. Exactly what N-factor schedule should be used

2. How long we should wait to fork to KGW difficulty adjustment.

Please participate in the two polls linked below:

KGW implementation date poll: https://bitcointalksearch.org/topic/vtc-vertcoin-how-long-until-we-fork-to-kimotos-gravity-well-431104

N-Factor scheduling poll: https://bitcointalksearch.org/topic/poll-vtc-vertcoin-n-factor-scheduling-431092



Please note, the change will be non-disruptive; all coins mined before the fork will remain valid afterwards and the network will continue to operate normally.

Me three!

I could bite myself for not sticking to VTC but hey who doesn't and its still pretty easy to mine Vertcoin
I will be holding this one for a log time!