Gentlemen we have just surpassed Yacoin in marketshare. 
Going VERTical!
Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 619. (Read 1232701 times)
January 24, 2014, 05:00:42 PM
Going VERTical!
January 24, 2014, 04:57:47 PM
All that said, I don't mind the idea of shorter rounds and/or faster confirmations. 2016 blocks was a figure chosen because adjusting every two weeks sounded like a good idea back in 2008 or whatever. Now, I'd agree that block adjustment times have no need of being measured in days let alone weeks. With 2.5 minute average block times, I wouldn't be opposed to adjusting difficulty every 24 or 48 blocks (one or two hours).
I'm pretty sure the 2016 block adjustment + extremely low difficulty setting was ONLY chosen so that the dev (and whoever was there on the first day) could make a killing in number of coins minted. You guys are aware that almost 10.000 blocks or 500.000 VTC and hence about HALF of all coins in existence were mined on the first day because of these "unfortunate" and "accidental" settings? http://explorer.vertcoin.org/chain/Vertcoin?hi=9499&count=500
In other words, about 17 days worth of coin creation happened within 15h. This would have not been possible if VTC had a fast difficulty adjustment. So I think this setting was intentional at the beginning. But it can/should be changed now.
Eh. Wrong!! to bad your too late for the party, but I found out about this coins a days or so after it came out.
It was on 1 difficulty for like 4 days. Anyone could have grabbed some serious coins those first few days. I did pretty good seeing as I have only have one GPU.
January 24, 2014, 04:55:10 PM
Is coinedup the only option? I keep getting crashed off of it.
For now, please ask at https://bitcointalksearch.org/topic/poll-next-cryptocurrency-candidates-for-coinex-291647 if you want to trade VTC at Coinex.pw as well.
January 24, 2014, 04:45:48 PM
Is coinedup the only option? I keep getting crashed off of it.
January 24, 2014, 04:44:11 PM
We were the 2nd biggest traded currency on CoinedUp today, with nearly 30BTC of volume, more than LTC/BTC, LOT and only second in volume to DOGE!
Here's our 10 day price chart since going on CoinedUp:
Remember to keep asking at https://bitcointalksearch.org/topic/poll-next-cryptocurrency-candidates-for-coinex-291647 if you want to trade VTC at Coinex.pw
Fantastic news! I'm not remotely surprised. Here's our 10 day price chart since going on CoinedUp:
Remember to keep asking at https://bitcointalksearch.org/topic/poll-next-cryptocurrency-candidates-for-coinex-291647 if you want to trade VTC at Coinex.pw
January 24, 2014, 03:47:35 PM
All that said, I don't mind the idea of shorter rounds and/or faster confirmations. 2016 blocks was a figure chosen because adjusting every two weeks sounded like a good idea back in 2008 or whatever. Now, I'd agree that block adjustment times have no need of being measured in days let alone weeks. With 2.5 minute average block times, I wouldn't be opposed to adjusting difficulty every 24 or 48 blocks (one or two hours).
I'm pretty sure the 2016 block adjustment + extremely low difficulty setting was ONLY chosen so that the dev (and whoever was there on the first day) could make a killing in number of coins minted. You guys are aware that almost 10.000 blocks or 500.000 VTC and hence about HALF of all coins in existence were mined on the first day because of these "unfortunate" and "accidental" settings? http://explorer.vertcoin.org/chain/Vertcoin?hi=9499&count=500
In other words, about 17 days worth of coin creation happened within 15h. This would have not been possible if VTC had a fast difficulty adjustment. So I think this setting was intentional at the beginning. But it can/should be changed now.
Wow wasn't aware of this. This clearly show the weakness of the difficulty adjustment chosen.
January 24, 2014, 03:28:22 PM
When will difficulty get less , or is that unpredictable 
And if you have to many vertcoins ( lets see of there are generous miners around here ).
Here's my adress
Vnfz8Ksw3s75fyEmm2uA8pzc9dUsSf6a6L
Vertcoin TO THE MOON
http://www.anopticalillusion.com/wp-content/uploads/2012/08/ouchi-600x600.jpg
And if you have to many vertcoins ( lets see of there are generous miners around here ).
Here's my adress
Vnfz8Ksw3s75fyEmm2uA8pzc9dUsSf6a6L
Vertcoin TO THE MOON
http://www.anopticalillusion.com/wp-content/uploads/2012/08/ouchi-600x600.jpg
January 24, 2014, 03:06:30 PM
Tons going on in vertcoin dev channels behind the scenes guys - we'll have some exciting news for you all soon.
Tons is rather vague, some updates would be nice. Really hating the marketing efforts going on here.
January 24, 2014, 02:47:54 PM
I'm tired of explaining it people..You wait and see...The most profitable coin + long diff retarget = huge problems...anyway I keep mining it for now, will leave once we get thoose problems mentioned few times.
I'm writing it because I really like this coin and the idea, but it has no chance to survive with this retarget
Time for change would be now, not when we are listed on few exchanges....
Just a quote from other topic that explain well this concept:
As noted, the reason other alt-coins are having huge problems is because of the multi-coin pools (e.g. [Suspicious link removed]). They'll hop on a profitable coin for 10, 15, 60, whatever minutes and then move away when the difficulty vs. price is no longer favorable. RPC has a network hash rate of what -- 228MHash! So when [Suspicious link removed] jumps on with 1GHash, it's a huge problem. That can't currently happen with VTC because you need to run a custom version of cgminer, which targets the different PoW algorithm. Of course, if a bunch of copycat coins start using the same PoW algo (Scrypt-Adaptive-N-Factor or whatever we're calling it), then maybe someone will make a multi-coin pool that runs for all of those pools. If that happens, as the first coin to use the new PoW, VTC will likely have a large enough following that the multi-coin pools won't be much of a problem.I'm writing it because I really like this coin and the idea, but it has no chance to survive with this retarget
Time for change would be now, not when we are listed on few exchanges....Just a quote from other topic that explain well this concept:
Code:
So i think Ron paul coin is a great example why Kimotos gravity well is a great option Cheesy
Current Difficulty 78.27411168
Est. Next Difficulty 4.17035817 (Change in 98 Blocks)
Their average round time at the moment is 37 minutes, where it should be 2 minutes per block!
All that said, I don't mind the idea of shorter rounds and/or faster confirmations. 2016 blocks was a figure chosen because adjusting every two weeks sounded like a good idea back in 2008 or whatever. Now, I'd agree that block adjustment times have no need of being measured in days let alone weeks. With 2.5 minute average block times, I wouldn't be opposed to adjusting difficulty every 24 or 48 blocks (one or two hours).
YOU are WRONG...Klondike coin is just one example...they had 1 days diff adjustment, and were few days old...when they got to top 1 profitability, hashrate start growing and this was not multipools...Just normal people...and when they stopped being profitable, their adjustment took 3 days instead of 24hours...
You all think multipools does that, whatever wrong happens it's multipools...I see so many people here, talking how difficult is to setup this mining but it's not..It took me 5min to download software, open topic from OP about settings and I was hashing 450kh/s with my r9 290...LOL THAT COMPLICATED..
anyway...we will have to wait and see cause I see there is no way to convince You people..You all are stacked in this thinking "this altcoin is special, different, it won't happen to us"..lol
SHOW ME 1 scrypt or scrypt-jane coin apart from DOGE and Litecoin, that have more than let say 2 hours diff retarget time, is alive for more than 1 month and it's being profitable to mine through all this time..
January 24, 2014, 02:35:08 PM
All that said, I don't mind the idea of shorter rounds and/or faster confirmations. 2016 blocks was a figure chosen because adjusting every two weeks sounded like a good idea back in 2008 or whatever. Now, I'd agree that block adjustment times have no need of being measured in days let alone weeks. With 2.5 minute average block times, I wouldn't be opposed to adjusting difficulty every 24 or 48 blocks (one or two hours).
I'm pretty sure the 2016 block adjustment + extremely low difficulty setting was ONLY chosen so that the dev (and whoever was there on the first day) could make a killing in number of coins minted. You guys are aware that almost 10.000 blocks or 500.000 VTC and hence about HALF of all coins in existence were mined on the first day because of these "unfortunate" and "accidental" settings? http://explorer.vertcoin.org/chain/Vertcoin?hi=9499&count=500
In other words, about 17 days worth of coin creation happened within 15h. This would have not been possible if VTC had a fast difficulty adjustment. So I think this setting was intentional at the beginning. But it can/should be changed now.
January 24, 2014, 02:21:25 PM
I'm tired of explaining it people..You wait and see...The most profitable coin + long diff retarget = huge problems...anyway I keep mining it for now, will leave once we get thoose problems mentioned few times.
I'm writing it because I really like this coin and the idea, but it has no chance to survive with this retarget Time for change would be now, not when we are listed on few exchanges....
Just a quote from other topic that explain well this concept:
As noted, the reason other alt-coins are having huge problems is because of the multi-coin pools (e.g. Hashco.ws). They'll hop on a profitable coin for 10, 15, 60, whatever minutes and then move away when the difficulty vs. price is no longer favorable. RPC has a network hash rate of what -- 228MHash! So when Hashco.ws jumps on with 1GHash, it's a huge problem. That can't currently happen with VTC because you need to run a custom version of cgminer, which targets the different PoW algorithm. Of course, if a bunch of copycat coins start using the same PoW algo (Scrypt-Adaptive-N-Factor or whatever we're calling it), then maybe someone will make a multi-coin pool that runs for all of those pools. If that happens, as the first coin to use the new PoW, VTC will likely have a large enough following that the multi-coin pools won't be much of a problem.I'm writing it because I really like this coin and the idea, but it has no chance to survive with this retarget
Time for change would be now, not when we are listed on few exchanges....Just a quote from other topic that explain well this concept:
Code:
So i think Ron paul coin is a great example why Kimotos gravity well is a great option Cheesy
Current Difficulty 78.27411168
Est. Next Difficulty 4.17035817 (Change in 98 Blocks)
Their average round time at the moment is 37 minutes, where it should be 2 minutes per block!
All that said, I don't mind the idea of shorter rounds and/or faster confirmations. 2016 blocks was a figure chosen because adjusting every two weeks sounded like a good idea back in 2008 or whatever. Now, I'd agree that block adjustment times have no need of being measured in days let alone weeks. With 2.5 minute average block times, I wouldn't be opposed to adjusting difficulty every 24 or 48 blocks (one or two hours).
January 24, 2014, 02:01:02 PM
I'm tired of explaining it people..You wait and see...The most profitable coin + long diff retarget = huge problems...anyway I keep mining it for now, will leave once we get thoose problems mentioned few times.
Agree.
January 24, 2014, 01:33:26 PM
I'm tired of explaining it people..You wait and see...The most profitable coin + long diff retarget = huge problems...anyway I keep mining it for now, will leave once we get thoose problems mentioned few times.
I'm writing it because I really like this coin and the idea, but it has no chance to survive with this retarget Time for change would be now, not when we are listed on few exchanges....
Just a quote from other topic that explain well this concept:
when this retarget happens, all people switch to RPC because it's most profitable, and when they elevate it fast, they leave again and it take weeks to next adjustment...with VTC it will be EXCATLY THE SAME BECAUSE IT'S PROFITABLE...RPC WAS PROFITABLE TOO...I cn't understand how You people can not understand it
KLONDIKE had the same problem, devs react right, they implemented Kimmo Gravity code which will go live in few minutes and look at their hashrate + price DOUBLED today.
I'm writing it because I really like this coin and the idea, but it has no chance to survive with this retarget
Time for change would be now, not when we are listed on few exchanges....Just a quote from other topic that explain well this concept:
Code:
So i think Ron paul coin is a great example why Kimotos gravity well is a great option Cheesy
Current Difficulty 78.27411168
Est. Next Difficulty 4.17035817 (Change in 98 Blocks)
Their average round time at the moment is 37 minutes, where it should be 2 minutes per block!
when this retarget happens, all people switch to RPC because it's most profitable, and when they elevate it fast, they leave again and it take weeks to next adjustment...with VTC it will be EXCATLY THE SAME BECAUSE IT'S PROFITABLE...RPC WAS PROFITABLE TOO...I cn't understand how You people can not understand it
KLONDIKE had the same problem, devs react right, they implemented Kimmo Gravity code which will go live in few minutes and look at their hashrate + price DOUBLED today.
January 24, 2014, 01:25:30 PM
http://www.holynerdvana.com/
expect more hashrate, but also more coin hoopers
more people discovering this nice coin !! We just have to fix issue with difficulty readjustment. I suspect that within 1-4 weeks we wil have a problem with it
Hey, I love that blog! I was just going to come over here and shamelessly promote it, but you beat me to it. LOLexpect more hashrate, but also more coin hoopers
more people discovering this nice coin !! We just have to fix issue with difficulty readjustment. I suspect that within 1-4 weeks we wil have a problem with itAnd what's the problem with difficulty adjustment? People coin-hopping shouldn't be as much of a problem (at least for now) due to the modified PoW algorithm. It's not like we're going to get Hashcows or Middlecoin dropping several GHash of mining on VTC for a few days and then jumping back off. I know from my experience that getting the modified cgminer up and running isn't as simple as just changing the pools and running the same conf file with VTC as you use on scrypt. Hopefully by the time there's any real concern of people coin hopping on/off VTC, we'll already have a high enough GHash rate that it won't matter too much.
In the meantime, I'm mining as many VTC as possible before the difficulty (and price) jumps!
January 24, 2014, 12:58:17 PM
http://www.holynerdvana.com/
expect more hashrate, but also more coin hoopers more people discovering this nice coin !! We just have to fix issue with difficulty readjustment. I suspect that within 1-4 weeks we wil have a problem with it
expect more hashrate, but also more coin hoopers
more people discovering this nice coin !! We just have to fix issue with difficulty readjustment. I suspect that within 1-4 weeks we wil have a problem with it January 24, 2014, 12:46:15 PM
hey I just found the wallet mining option. Cool... except I am now mining on my laptop to check it out. It's an i3 at 2.30 GHZ (8GB RAM if that even matters).
How many vtc does I get before my laptop melts? CPU Usage at 53% with 2 cores set to mining...
honest?
if you are not very lucky NONE
Yeah pretty sure that was the answer, shut it down already but can now say I have mined for coin legit. It's fine I am just going to buy a bunch instead.
WHat would it take though to actually bring in 20-30 coin a day solo mining vct?
depends on the diff.
example for current diff:
~ 170kh/s 20-25 coins
i have my old geforce gtx 570 running in the background at ~80 kh/s not sure about newer models
my "real" workers are using amd r9 280x. one card gives around 350 kh/s
this calculation will be obsolete with the next diff change in ~38 hours
edit: i only mine with pools!
January 24, 2014, 12:42:56 PM
hey I just found the wallet mining option. Cool... except I am now mining on my laptop to check it out. It's an i3 at 2.30 GHZ (8GB RAM if that even matters).
How many vtc does I get before my laptop melts? CPU Usage at 53% with 2 cores set to mining...
honest?
if you are not very lucky NONE
Yeah pretty sure that was the answer, shut it down already but can now say I have mined for coin legit. It's fine I am just going to buy a bunch instead.
WHat would it take though to actually bring in 20-30 coin a day solo mining vct?
Why do you want to mine solo? in a pool, you can get 20-30 vtc/day with gpu that can deliver ~250-300 kh
January 24, 2014, 12:31:32 PM
hey I just found the wallet mining option. Cool... except I am now mining on my laptop to check it out. It's an i3 at 2.30 GHZ (8GB RAM if that even matters).
How many vtc does I get before my laptop melts? CPU Usage at 53% with 2 cores set to mining...
honest?
if you are not very lucky NONE
Yeah pretty sure that was the answer, shut it down already but can now say I have mined for coin legit. It's fine I am just going to buy a bunch instead.
WHat would it take though to actually bring in 20-30 coin a day solo mining vct?
January 24, 2014, 12:17:44 PM
hey I just found the wallet mining option. Cool... except I am now mining on my laptop to check it out. It's an i3 at 2.30 GHZ (8GB RAM if that even matters).
How many vtc does I get before my laptop melts? CPU Usage at 53% with 2 cores set to mining...
honest?
if you are not very lucky NONE
January 24, 2014, 12:10:21 PM
hey I just found the wallet mining option. Cool... except I am now mining on my laptop to check it out. It's an i3 at 2.30 GHZ (8GB RAM if that even matters).
How many vtc does I get before my laptop melts? CPU Usage at 53% with 2 cores set to mining...
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