Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 77. (Read 1232701 times)
September 25, 2014, 02:55:12 AM
VTC can change the N factor to 13, that would avoid the Bitmain L1 ASIC.
September 25, 2014, 02:48:01 AM
The only real issue that we need to address now is...
Why are the devs so quiet...
And I make a statement for record.
Only an idiot would abandon the following that vertcoin has in regards to its anti-asic stance. This support for this coin is amazing still. And will only grow with the new algo
Honestly, I'm suprised more people aren't looking to join the dev team, to take some of the credit for what is still a massively supported coin (as people say 28k new coins every day, but price is stable for months now)
Why are the devs so quiet...
And I make a statement for record.
Only an idiot would abandon the following that vertcoin has in regards to its anti-asic stance. This support for this coin is amazing still. And will only grow with the new algo
Honestly, I'm suprised more people aren't looking to join the dev team, to take some of the credit for what is still a massively supported coin (as people say 28k new coins every day, but price is stable for months now)
so, you simply want news to sell
September 25, 2014, 01:28:11 AM
The only real issue that we need to address now is...
Why are the devs so quiet...
And I make a statement for record.
Only an idiot would abandon the following that vertcoin has in regards to its anti-asic stance. This support for this coin is amazing still. And will only grow with the new algo
Honestly, I'm suprised more people aren't looking to join the dev team, to take some of the credit for what is still a massively supported coin (as people say 28k new coins every day, but price is stable for months now)
Why are the devs so quiet...
And I make a statement for record.
Only an idiot would abandon the following that vertcoin has in regards to its anti-asic stance. This support for this coin is amazing still. And will only grow with the new algo
Honestly, I'm suprised more people aren't looking to join the dev team, to take some of the credit for what is still a massively supported coin (as people say 28k new coins every day, but price is stable for months now)
September 24, 2014, 11:33:11 PM
got to say: dividing tradevolume by new coins a day gives vtc 2 today. Bitcoin is 18, LTC is 58. VTC is on the low end of the coins when looking at volume/inflation. It looks pretty grim for VTC with that inflation. Vertcoin will need 50 times the volume of Uno for example to perform in the same way if you look at it on larger timescale. Yes, 50! (1 btc demand in uno is 50 btc worth demand in vtc) I'm pretty sure it'll be dead until next halving according to my calculations. You can't really expect any profit from it as an investor. Hope you review the inflation-thing again. 28800 new coins each and every day for the next 3.5 years is madness. Buying or holding the coin makes no sense. Just sayin'. Good luck.
edit: i'd suggest rewarddecrease of 1% every few weeks. That'll make it worth something. Take the bitter pill and hardfork it to a reasonable rewarddecrease to no kill it.
edit: i'd suggest rewarddecrease of 1% every few weeks. That'll make it worth something. Take the bitter pill and hardfork it to a reasonable rewarddecrease to no kill it.
Inflation is intentionally high to help the coin achieve a widespread distribution. It's supposed to be a currency, not an investment vehicle. Ultimately, if the coin finds a use and widespread adoption, that will negate inflation, and if it doesn't, then it's failed as a currency. Also, doge > unobtanium, inflation be damned.
September 24, 2014, 11:07:46 PM
got to say: dividing tradevolume by new coins a day gives vtc 2 today. Bitcoin is 18, LTC is 58. VTC is on the low end of the coins when looking at volume/inflation. It looks pretty grim for VTC with that inflation. Vertcoin will need 50 times the volume of Uno for example to perform in the same way if you look at it on larger timescale. Yes, 50! (1 btc demand in uno is 50 btc worth demand in vtc) I'm pretty sure it'll be dead until next halving according to my calculations. You can't really expect any profit from it as an investor. Hope you review the inflation-thing again. 28800 new coins each and every day for the next 3.5 years is madness. Buying or holding the coin makes no sense. Just sayin'. Good luck.
edit: i'd suggest rewarddecrease of 1% every few weeks. That'll make it worth something. Take the bitter pill and hardfork it to a reasonable rewarddecrease to no kill it.
edit: i'd suggest rewarddecrease of 1% every few weeks. That'll make it worth something. Take the bitter pill and hardfork it to a reasonable rewarddecrease to no kill it.
September 24, 2014, 11:00:52 PM
when will halving happen approximately? It'll go down from 50 to 25 reward, is that right?
It's on first page:
Quote
Subsidy halves every 840,000 blocks (~4 years)
So about January 2018. And yes, reward will go from 50 to 25. Pretty sure the emission schedule is straight clone of litecoin.2018. wow.
thanks for the intel anyways.
September 24, 2014, 10:18:34 PM
when will halving happen approximately? It'll go down from 50 to 25 reward, is that right?
It's on first page:
Quote
Subsidy halves every 840,000 blocks (~4 years)
So about January 2018. And yes, reward will go from 50 to 25. Pretty sure the emission schedule is straight clone of litecoin. September 24, 2014, 10:16:52 PM
has inflation been reduced? If not, when will that happen? Or are you killing it?
nothing was said about reducing the inflation, i know there was a lot of talk about reducing inflation but i think most of the community was against it.
Well, block halving is coming up...someday, so I guess that will reduce inflation. Personally I was against any changes to the coin emission schedule. The only thing I would not seriously object to is if the coin emission was switched from a traditional block halving schedule to an exponentially decaying emission schedule (a la monero), but keep the same number of coins emitted over the same timeframe initially proposed. But yea, it was discussed extensively here, and nothing came of it.
when will halving happen approximately? It'll go down from 50 to 25 reward, is that right?
Yes i believe 25 but not sure on date.
September 24, 2014, 10:15:14 PM
has inflation been reduced? If not, when will that happen? Or are you killing it?
nothing was said about reducing the inflation, i know there was a lot of talk about reducing inflation but i think most of the community was against it.
Well, block halving is coming up...someday, so I guess that will reduce inflation. Personally I was against any changes to the coin emission schedule. The only thing I would not seriously object to is if the coin emission was switched from a traditional block halving schedule to an exponentially decaying emission schedule (a la monero), but keep the same number of coins emitted over the same timeframe initially proposed. But yea, it was discussed extensively here, and nothing came of it.
when will halving happen approximately? It'll go down from 50 to 25 reward, is that right?
September 24, 2014, 10:01:17 PM
has inflation been reduced? If not, when will that happen? Or are you killing it?
nothing was said about reducing the inflation, i know there was a lot of talk about reducing inflation but i think most of the community was against it.
Well, block halving is coming up...someday, so I guess that will reduce inflation. Personally I was against any changes to the coin emission schedule. The only thing I would not seriously object to is if the coin emission was switched from a traditional block halving schedule to an exponentially decaying emission schedule (a la monero), but keep the same number of coins emitted over the same timeframe initially proposed. But yea, it was discussed extensively here, and nothing came of it.
September 24, 2014, 09:53:42 PM
has inflation been reduced? If not, when will that happen? Or are you killing it?
nothing was said about reducing the inflation, i know there was a lot of talk about reducing inflation but i think most of the community was against it.
September 24, 2014, 09:46:21 PM
has inflation been reduced? If not, when will that happen? Or are you killing it?
September 24, 2014, 07:50:56 PM
I actually doubt if it even is under construction. If it is, it would be better to stay quite.
New algo is coming. We beat asic's.
New algo is coming. We beat asic's.
But scrypt-n does not beat ASIC. That is my main concern.
You can't beat ASICs you can only resist them as long as you can. Right now that's what VTC is going to do with the algo switch
Oh crap. Sorry about that. My English really sucks
I thought that "beat" could be interpreted as a "win" or something.
no problem, ASICs always find their way in the crypto world, so no algo can really ''beat'' them and when it's not ASICs, it's FPGAs.
September 24, 2014, 06:21:53 PM
I actually doubt if it even is under construction. If it is, it would be better to stay quite.
New algo is coming. We beat asic's.
New algo is coming. We beat asic's.
But scrypt-n does not beat ASIC. That is my main concern.
You can't beat ASICs you can only resist them as long as you can. Right now that's what VTC is going to do with the algo switch
Oh crap. Sorry about that. My English really sucks
I thought that "beat" could be interpreted as a "win" or something.
September 24, 2014, 05:48:16 PM
I actually doubt if it even is under construction. If it is, it would be better to stay quite.
New algo is coming. We beat asic's.
New algo is coming. We beat asic's.
But scrypt-n does not beat ASIC. That is my main concern.
You can't beat ASICs you can only resist them as long as you can. Right now that's what VTC is going to do with the algo switch
September 24, 2014, 05:26:55 PM
I actually doubt if it even is under construction. If it is, it would be better to stay quite.
New algo is coming. We beat asic's.
New algo is coming. We beat asic's.
But scrypt-n does not beat ASIC. That is my main concern.
September 24, 2014, 04:18:45 PM
I actually doubt if it even is under construction. If it is, it would be better to stay quite.
New algo is coming. We beat asic's.
New algo is coming. We beat asic's.
September 24, 2014, 11:31:55 AM
We're in the midst of changing the algo. An N-Scrypt miner may be on the way but it won't effect us too long if at all.
September 24, 2014, 05:32:06 AM
Has anybody comments on the Scrypt (-N) miner which can do N 10,11,12?
Quote
AntMiner L1 for sales $5/MH/s ships in December
Only Available at http://www.bitmaintech.com
Today, BITMAIN is thrilled to announce a significant accomplishment in our Scrypt ASIC development – AntMiner L1 is launched. Global Sales open in the Beijing Time 22:00pm Sept. 3rd, (UCT+8:00 Time Zone) Shipping time is in December.
Our brand new, high-performance L1 will be hashing at 120MH/s with the market-best pricing of only $599.00 USD per unit with free shipping worldwide, hailing in at a market-topping rate $5/MH/s. This ensures our L1 will be absolute the best $/MH/s as well as power efficiency spec in the Scrypt mining market. What’s more, a dramatic discount will be given to bulk orders.
L1 will be produced with our state-of-art chip powered by the 28nm tech process. The efficiency is only 2.37J/MH at Core Voltage 0.81v on chip level. The Core Voltage and Hash Rate will be adjustable by software, over clocking and under clocking will be very easy to operate while miners trade-off the speed and efficiency. Moreover, the miner will be able to mine multifarious scrypt based altcoin, of which scrypt length can be 1024, 2048, 4096 (n = 10, 11 or 12).
L1 is a blade style miner similar with AntMiner S1, shipping without PSU.
Specifications:
Chip Core Voltage: 0.81v
Chip Efficiency: 2.37J/MH on chip**
Hash Rate: 120MH/s ±5% with great over clocking & under clocking potential
Power Consumption: 380 Watt at the wall**
Network Connection: Ethernet
Complied with: FCC / CE
Notes:
**Chip Efficiency: Efficiency is a simulation result. Though BITMAIN has good track records of making power effective miner, this is only simulation. The final number depends on the testing results before shipping and it is not binding term.
**Power Consumption: This figure depends on the PSU efficiency, ambient temperature and the accuracy of the power meters.
Only Available at http://www.bitmaintech.com
Today, BITMAIN is thrilled to announce a significant accomplishment in our Scrypt ASIC development – AntMiner L1 is launched. Global Sales open in the Beijing Time 22:00pm Sept. 3rd, (UCT+8:00 Time Zone) Shipping time is in December.
Our brand new, high-performance L1 will be hashing at 120MH/s with the market-best pricing of only $599.00 USD per unit with free shipping worldwide, hailing in at a market-topping rate $5/MH/s. This ensures our L1 will be absolute the best $/MH/s as well as power efficiency spec in the Scrypt mining market. What’s more, a dramatic discount will be given to bulk orders.
L1 will be produced with our state-of-art chip powered by the 28nm tech process. The efficiency is only 2.37J/MH at Core Voltage 0.81v on chip level. The Core Voltage and Hash Rate will be adjustable by software, over clocking and under clocking will be very easy to operate while miners trade-off the speed and efficiency. Moreover, the miner will be able to mine multifarious scrypt based altcoin, of which scrypt length can be 1024, 2048, 4096 (n = 10, 11 or 12).
L1 is a blade style miner similar with AntMiner S1, shipping without PSU.
Specifications:
Chip Core Voltage: 0.81v
Chip Efficiency: 2.37J/MH on chip**
Hash Rate: 120MH/s ±5% with great over clocking & under clocking potential
Power Consumption: 380 Watt at the wall**
Network Connection: Ethernet
Complied with: FCC / CE
Notes:
**Chip Efficiency: Efficiency is a simulation result. Though BITMAIN has good track records of making power effective miner, this is only simulation. The final number depends on the testing results before shipping and it is not binding term.
**Power Consumption: This figure depends on the PSU efficiency, ambient temperature and the accuracy of the power meters.
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