Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 627. (Read 1232701 times)

Guys, if your system crashes on cgminer quit, read my post (Linux only)

OMG how I missed this coin?! It seems will became a cave for all GPU miners when scrypt ASICS coming.

VTC: VxyRQWAzxWPWhvqYhEUCTSBVJQ2GtDJza8

very helpful everyone with the core technicality vs the marketing.  I hope to follow the development of both sides from here

get it on cryptsy

get i on bter
 
get in on coin EX

SUPPORT

NOW

From the Interview at: http://www.followthecoin.com/interview-creator-vertcoin/

Q:
"Vertcoin seems like it’s built around the technical concept of the coin itself, rather than being built on the marketing/brand power behind it. The official site is very barebones, there’s no flashy giveaways, no official bounties listed in the announcement thread, etc. Do you think having a coin that is different from others on a code level will be enough for it to grow and remain successful? Or do you have plans in place to increase marketing presence down the road?

A:
I don’t think technically it is a completely success formula yet, but it is a core that we should have first. Later when it’s more technically complete, we can create a marketing brand based around that."

i really like this attitude and i see vtc als long term investment. we have enough of this crash and burn coins ....

To anyone who wants to quickly hack BAMT to use vertminer do this as root:


Then create your vertminer.conf file in /etc/bamt/

Now edit /opt/bamt/gpumon...

Modify the IF loop around line 374-ish like so:


Then edit /opt/bamt/common.pl...

Modify the ELSIF loop around line 960 like so:


Restart your miners and you should be using vertminer.

I'm now in the middle of creating my own ubuntu 13.10 live distro which includes BAMT and is dedicated for vertcoin - will start a thread when I get a chance.

If this was helpful to anyone hit me up with some LTC or VTC - I'm poor 
V: Vo49uyrJdQaYzpygauqw5WBgPTMyfN6sGP
L: Lewz5683RUKfSidU7rofN6bheiqYafNU7S

xx

MB

Wow, that is fantastic post!

But how do you know multipools wont dominate this?
Only because you cant run one cgminer that will mine scrypt and this modif scrypt in one application? So mabye having 2 cgminers turned on which will be both connected to same pool which turns of scrypt and turns on vert, and then back would work?

Is it? Can you use cgminer 3.7.2 and just write scrypt:2048 and it will mine vert?? I am using modified cgminer which is on first page here.. Can performance differ?
Anyway, wert is superb coin.. I love it.. such good feeling knowing that f*****g ASICs wont dominate at least this coin.. mmm

That applies to pretty much every coin created since Bitcoin (excepting DTC and NMC, maybe a few others).  Litecoin's main reason to exist at the time was to be GPU then ASIC resistant.  Technology caught up.  VTC in a lot of ways of a fine-tuning of the original Litecoin.

Vertcoin seems to bring combo of ASIC and multipool resistance - ASIC so that the network stays distributed and secure vs the central control that ASICs are bringing to Bitcoin.  Total hashpower is grow 30% or so each diff jump, but the number of individuals participating shrinks as the barrier to entry gets higher.  

Multipools pretty much crush any Scrypt-based alt into a difficulty pit that is hard to climb out over and over again, resulting in crazy long block times, which makes the coins unusable for people actually wanting to utilize them for commerce.

CPU-only coins sound great until one realizes that they end up being botnet coins which almost no one can profitably mine legally.  

Those three things, while not exciting, are definitely things that any new crypto needs to address.  VTC is pretty timely in that respect.

Is Vertcoin some revolutionary change to cryptocurrency?  No.  Is it taking lessons learned over the last 5 years of what works and what doesnt?  I'd say yes, with the caveat that a faster adjusting diff would have made a better coin, albeit less profitable and harder to get started.

I think we need something useful to do with the coins or is that further down the road.  just holding or trading is great but the value doesnt increase if theres nothing else to be done with them no matter how fantastic N factor is.

I would be very interested as all my LTC-miners runn with BAMT 1.2!!

I think It's already implemented in main cgminer branch. Use -scrypt:2048

regards

If anyones interested I can create a vertminer version of BAMT 1.3?

Lemme know if anyone is interested and I'll make it tonight!  I've got it running already - just need to customise it a little more for vert...

MB

Can't sync ...
pls give me some new nodes
THX!!

Just some random fly-by observer thoughts:

This coin is really compelling, it's a nice evolution of the scrypt clones we've had lately. Some thoughtful development went into it. It's got a lot of the things going for it that should make it a popular coin.

But it suffers from community size, promotion and lack of pool acceptance (due to how the coin works I would guess).

Some things that it would benefit from would be:

- Devs getting it onto more pools. Maybe offer them a bounty or something to get it on something like Nut2, Dedicated Pools or any of the other moderately sized pools that are active in alt-coin mining.

- Get it on CoinEX or CoinmarketIO. The attention even getting on a minor exchange would help.

- Some of the standard promo things, like giveaways, faucets, etc. would help

- I don't know if it's possible, but could this be made to work with CGMiner somehow? I'd much rather download something to add to my CGMiner, or download a modified CGMiner that i can specify VTC mining (something like using "vert" instead of "scrypt" in kernel config...i dunno).

I think the coin benefits from more publicity, more hashrate primarily.

We need more comments on here:

https://cryptsy.freshdesk.com/support/discussions/topics/64057/page/1

Lets get it on Cryptsy

VIVA LA VERT!

We need to get this coin on more exchanges, just need some time I guess.

you are still lucky if you can trade, i can't even deposit anything [deposit address not found] on every coin ... no answer so far from support.
(any hint welcome )
i think the poeple at coinedUP is working on better performence tough

Thanks mate. 

Yes, I have been quietly mulling over prices, I think you're about right for a 1 month target.