well, when i briefly said on here once, that i could change/lower the reward system, i got hell for it on twitter.. so im not sure if its a great idea.. but we can keep discussing it if thats what everyone wants.
im removing the poll now, since we have a clear winner on algos.
scrypt, x17, lyra2rev2, blake2s, groestl has won by a landslide.
Topic: [$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!] - page 547. (Read 843777 times)
Some info about the algorithms:
Quark
Quark is super secure and uses a different hashing algorithm with 9 rounds of hashing from 6 unique hashing functions (blake, groestl, blue midnight wish, jh, SHA-3, skein). 3 rounds deliver a random hashing function. Even though most believe the SHA2 is sufficient at present, technology is always changing and improving. Just one of Quark's algos, SHA-3, was developed after SHA-2 in case it was somehow comprised in the future. The multiple hash gives a further layer of security against unknowns that will enter the market down the road. Only CPU mined
Groestl
The design of Grøstl is transparent and based on principles very different from those used in the SHA-family.The two permutations used are constructed using the wide trail design strategy, which makes it possible to give strong statements about the resistance of Grøstl against large classes of cryptanalytic attacks. Moreover, if these permutations are assumed to be ideal, there is a proof for the security of the hash function.
Can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations. Groestl (old GPU/CPU) – Groestl makes a wide range of tradeoffs between throughput, latency, and power consumption. Because of this, groestl uses less power per hash than other algos. Due to the less complex hashing, Groestl performs well on older GPU’s as well as CPU’s.
tech info: http://www.groestl.info/Groestl.pdf
Blake2s
The Blake2s algorithm is a new entry in the crypto mining scene and while initially there was only CPU mining support available for it now there is also a ccMiner fork with support for Blake2s algorithm on Nvidia GPUs (source). The initial CPU mining support for Blake2s was first introduced in cpumuiner-multi from tpruvot, though there is now a new more-efficient CPU miner available here. With the release of a GPU miner however CPU mining might be not worth it anymore, even though for the moment there is only GPU mining available for Nvidia-based video cards and no for AMD, but soon we are probably going to see Blake2s supported on AMD as well.
full info: https://blake2.net/#sp
X17
No much recent info, most is from 2014
it's GPU based mining. You can use SGminer with -X17 option: https://github.com/LordzS/sgminer-x17
scrypt
well known. info: https://litecoin.info/Scrypt
You can use GPU's or Scrypt-miners.
lyra2rev2
a proof-of-work algorithm. GPU mining. Can be used by SGminer as well.
extra info: https://en.wikipedia.org/wiki/Vertcoin
Neoscrypt
NeoScrypt is CPU and GPU mining
extra info: http://www.feathercoin.com/neo-scrypt-press-release.pdf
Quark
Quark is super secure and uses a different hashing algorithm with 9 rounds of hashing from 6 unique hashing functions (blake, groestl, blue midnight wish, jh, SHA-3, skein). 3 rounds deliver a random hashing function. Even though most believe the SHA2 is sufficient at present, technology is always changing and improving. Just one of Quark's algos, SHA-3, was developed after SHA-2 in case it was somehow comprised in the future. The multiple hash gives a further layer of security against unknowns that will enter the market down the road. Only CPU mined
Groestl
The design of Grøstl is transparent and based on principles very different from those used in the SHA-family.The two permutations used are constructed using the wide trail design strategy, which makes it possible to give strong statements about the resistance of Grøstl against large classes of cryptanalytic attacks. Moreover, if these permutations are assumed to be ideal, there is a proof for the security of the hash function.
Can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations. Groestl (old GPU/CPU) – Groestl makes a wide range of tradeoffs between throughput, latency, and power consumption. Because of this, groestl uses less power per hash than other algos. Due to the less complex hashing, Groestl performs well on older GPU’s as well as CPU’s.
tech info: http://www.groestl.info/Groestl.pdf
Blake2s
The Blake2s algorithm is a new entry in the crypto mining scene and while initially there was only CPU mining support available for it now there is also a ccMiner fork with support for Blake2s algorithm on Nvidia GPUs (source). The initial CPU mining support for Blake2s was first introduced in cpumuiner-multi from tpruvot, though there is now a new more-efficient CPU miner available here. With the release of a GPU miner however CPU mining might be not worth it anymore, even though for the moment there is only GPU mining available for Nvidia-based video cards and no for AMD, but soon we are probably going to see Blake2s supported on AMD as well.
full info: https://blake2.net/#sp
X17
No much recent info, most is from 2014
it's GPU based mining. You can use SGminer with -X17 option: https://github.com/LordzS/sgminer-x17scrypt
well known. info: https://litecoin.info/Scrypt
You can use GPU's or Scrypt-miners.
lyra2rev2
a proof-of-work algorithm. GPU mining. Can be used by SGminer as well.
extra info: https://en.wikipedia.org/wiki/Vertcoin
Neoscrypt
NeoScrypt is CPU and GPU mining
extra info: http://www.feathercoin.com/neo-scrypt-press-release.pdf
Thanks for the post mate, sorry for the late response on this.. crazy day at work and updating Altcoinrenegade.com
I'll be taking this information and expanding on it on my site. I will give you post credit when I publish it.
Cheers
Rekt
You don't have to credit me
I just searched for info on the internet and took info from several websites, posts, forums, wikipedia and stuff. I haven't written it my self. 
I've suggested dev Verge smoothing out inflation. For those who don't know Bitcoin is discussing doing the same thing.
*citation needed*
Yep around 1500 coins per block and longer period of time. Specially now with MA with algos like X17 we need to give more time and smooth inflation. Let's see if that can happen.
If my math was/is not off, it might be, but I roughed out block halving timeline when I decided to invest in the coin, around August of this year the block reward was supposed to drop to 1560 (blocks 714,000 to 2,124,000) and last around 490 days. (Of course that is going to take longer given the network hang ups and assuming that I correct about block halving....)
Sometime in April of this year, the block reward dropping to 6250 (378,000 to 546,000: 6,250)... so why not drop it to 1560, then? I think it is worth considering, given the hard fork coming up... like others, I bet.
I really like that too.
Verge could go...
Block Time: 10 seconds
Block Rewards: 520
Faster blocks but maintain 1560 avg every 30 secs. Any way you look at it its a win-win for Verge. Miners help secure the network as volunteers also expecting on future price increases and avoid predatory mining.
I don't know if any other currencies are doing this, but "smoothing out" the halving reward schedule might be interesting to consider.
The total amount of coins mined could still hit the on the regular dates/blocks of the original schedule, but on a more gradual decrease.
Newcomers might be more interested in mining, and a gradual decrease may make things smoother in regard to possible jumps in price before/during/after block reward halvening.
I saw another mention something like this for another coin and made me think that others may consider it an option also.
Since we are going for quite a major change with the MultiAlgo, thought I would bring this up.
The total amount of coins mined could still hit the on the regular dates/blocks of the original schedule, but on a more gradual decrease.
Newcomers might be more interested in mining, and a gradual decrease may make things smoother in regard to possible jumps in price before/during/after block reward halvening.
I saw another mention something like this for another coin and made me think that others may consider it an option also.
Since we are going for quite a major change with the MultiAlgo, thought I would bring this up.
I've suggested dev Verge smoothing out inflation. For those who don't know Bitcoin is discussing doing the same thing.
*citation needed*
Yep around 1500 coins per block and longer period of time. Specially now with MA with algos like X17 we need to give more time and smooth inflation. Let's see if that can happen.
If my math was/is not off, it might be, but I roughed out block halving timeline when I decided to invest in the coin, around August of this year the block reward was supposed to drop to 1560 (blocks 714,000 to 2,124,000) and last around 490 days. (Of course that is going to take longer given the network hang ups and assuming that I correct about block halving....)
Sometime in April of this year, the block reward dropping to 6250 (378,000 to 546,000: 6,250)... so why not drop it to 1560, then? I think it is worth considering, given the hard fork coming up... like others, I bet.
I've suggested dev Verge smoothing out inflation. For those who don't know Bitcoin is discussing doing the same thing.
*citation needed*
Yep around 1500 coins per block and longer period of time. Specially now with MA with algos like X17 we need to give more time and smooth inflation. Let's see if that can happen.
I've suggested dev Verge smoothing out inflation. For those who don't know Bitcoin is discussing doing the same thing.
*citation needed*
where is all the power coming from? everybody left supanova? 
wait multi-algo switch
I've suggested dev Verge smoothing out inflation. For those who don't know Bitcoin is discussing doing the same thing.
where is all the power coming from? everybody left supanova?
wait multi-algo switch
where is all the power coming from? everybody left supanova?
All,
Just so the community is aware, I have partnered up with Alt.reports (http://alt.report) and will be funneling direct links to their coin reviews on altcoinrenegade.com
Please take a moment to check out the spread and provide some feedback if you like.
There will be a few additonal format changes as well as some new authors coming soon.
Cheers,
Rekt
Just so the community is aware, I have partnered up with Alt.reports (http://alt.report) and will be funneling direct links to their coin reviews on altcoinrenegade.com
Please take a moment to check out the spread and provide some feedback if you like.
There will be a few additonal format changes as well as some new authors coming soon.
Cheers,
Rekt
Some info about the algorithms:
Quark
Quark is super secure and uses a different hashing algorithm with 9 rounds of hashing from 6 unique hashing functions (blake, groestl, blue midnight wish, jh, SHA-3, skein). 3 rounds deliver a random hashing function. Even though most believe the SHA2 is sufficient at present, technology is always changing and improving. Just one of Quark's algos, SHA-3, was developed after SHA-2 in case it was somehow comprised in the future. The multiple hash gives a further layer of security against unknowns that will enter the market down the road. Only CPU mined
Groestl
The design of Grøstl is transparent and based on principles very different from those used in the SHA-family.The two permutations used are constructed using the wide trail design strategy, which makes it possible to give strong statements about the resistance of Grøstl against large classes of cryptanalytic attacks. Moreover, if these permutations are assumed to be ideal, there is a proof for the security of the hash function.
Can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations. Groestl (old GPU/CPU) – Groestl makes a wide range of tradeoffs between throughput, latency, and power consumption. Because of this, groestl uses less power per hash than other algos. Due to the less complex hashing, Groestl performs well on older GPU’s as well as CPU’s.
tech info: http://www.groestl.info/Groestl.pdf
Blake2s
The Blake2s algorithm is a new entry in the crypto mining scene and while initially there was only CPU mining support available for it now there is also a ccMiner fork with support for Blake2s algorithm on Nvidia GPUs (source). The initial CPU mining support for Blake2s was first introduced in cpumuiner-multi from tpruvot, though there is now a new more-efficient CPU miner available here. With the release of a GPU miner however CPU mining might be not worth it anymore, even though for the moment there is only GPU mining available for Nvidia-based video cards and no for AMD, but soon we are probably going to see Blake2s supported on AMD as well.
full info: https://blake2.net/#sp
X17
No much recent info, most is from 2014 it's GPU based mining. You can use SGminer with -X17 option: https://github.com/LordzS/sgminer-x17
scrypt
well known. info: https://litecoin.info/Scrypt
You can use GPU's or Scrypt-miners.
lyra2rev2
a proof-of-work algorithm. GPU mining. Can be used by SGminer as well.
extra info: https://en.wikipedia.org/wiki/Vertcoin
Neoscrypt
NeoScrypt is CPU and GPU mining
extra info: http://www.feathercoin.com/neo-scrypt-press-release.pdf
Quark
Quark is super secure and uses a different hashing algorithm with 9 rounds of hashing from 6 unique hashing functions (blake, groestl, blue midnight wish, jh, SHA-3, skein). 3 rounds deliver a random hashing function. Even though most believe the SHA2 is sufficient at present, technology is always changing and improving. Just one of Quark's algos, SHA-3, was developed after SHA-2 in case it was somehow comprised in the future. The multiple hash gives a further layer of security against unknowns that will enter the market down the road. Only CPU mined
Groestl
The design of Grøstl is transparent and based on principles very different from those used in the SHA-family.The two permutations used are constructed using the wide trail design strategy, which makes it possible to give strong statements about the resistance of Grøstl against large classes of cryptanalytic attacks. Moreover, if these permutations are assumed to be ideal, there is a proof for the security of the hash function.
Can and is accelerated by the hardware AES support present in most modern Intel CPUs, which helps reduce the efficiency gap between a CPU and other implementations. Groestl (old GPU/CPU) – Groestl makes a wide range of tradeoffs between throughput, latency, and power consumption. Because of this, groestl uses less power per hash than other algos. Due to the less complex hashing, Groestl performs well on older GPU’s as well as CPU’s.
tech info: http://www.groestl.info/Groestl.pdf
Blake2s
The Blake2s algorithm is a new entry in the crypto mining scene and while initially there was only CPU mining support available for it now there is also a ccMiner fork with support for Blake2s algorithm on Nvidia GPUs (source). The initial CPU mining support for Blake2s was first introduced in cpumuiner-multi from tpruvot, though there is now a new more-efficient CPU miner available here. With the release of a GPU miner however CPU mining might be not worth it anymore, even though for the moment there is only GPU mining available for Nvidia-based video cards and no for AMD, but soon we are probably going to see Blake2s supported on AMD as well.
full info: https://blake2.net/#sp
X17
No much recent info, most is from 2014
it's GPU based mining. You can use SGminer with -X17 option: https://github.com/LordzS/sgminer-x17scrypt
well known. info: https://litecoin.info/Scrypt
You can use GPU's or Scrypt-miners.
lyra2rev2
a proof-of-work algorithm. GPU mining. Can be used by SGminer as well.
extra info: https://en.wikipedia.org/wiki/Vertcoin
Neoscrypt
NeoScrypt is CPU and GPU mining
extra info: http://www.feathercoin.com/neo-scrypt-press-release.pdf
Thanks for the post mate, sorry for the late response on this.. crazy day at work and updating Altcoinrenegade.com
I'll be taking this information and expanding on it on my site. I will give you post credit when I publish it.
Cheers
Rekt
Dev, can you please ask the owners of the forum to update your account with your new name vergedev? I know they will do it for you and that would be just awesome!!
Just casted my vote and I am with the majority as well. I think as long as we have blake2s I think we are good!! We are keeping scrypt for sure hu? I am guessing this is becuase once we have the others that will take care of the problem with the large hash rates?
I found the deepweb market place. Will I get in trouble for posting it??
Not sure if thats legal. ANYWAY Im going skiing. Please pm me if I can post the DEEP WEB marketplace that accepts VERGE legally and I will do tonight..
Thanks and have a great day y'all
Not sure if thats legal. ANYWAY Im going skiing. Please pm me if I can post the DEEP WEB marketplace that accepts VERGE legally and I will do tonight..
Thanks and have a great day y'all
As more and more people realize they are being traced with all other coins out there we'll see more and more stores accepting Verge not only in the darknet but even more in the clearnet. Besides yo've got many other great features being added over time.
new 290 ? isnt that rather old?
new version of a 290? the rig i setup was 280's 3 or 4 of them i forget...
$400 each!.... the 290 was around 1000 i think. something crazy. lol
g
new version of a 290? the rig i setup was 280's 3 or 4 of them i forget...
$400 each!.... the 290 was around 1000 i think. something crazy. lol
g
I got it for $260 on Amazon last night. The latest mining reviews say that the hashrate is the same as the new R9 390s so it's all good. It counts that its brand new fresh out of the box cuz mining works those things over pretty good.
*its a brand new 2 year old GPU
but the GPU algos these days don't burn out your GPU like scrypt mining would.
I don't know this for sure but the 390s may be drastically more efficient though. I know the maxwell Nvidias are a big step up efficiency wise, but I haven't mined with a gpu for some time now so I'm not really up to speed on it or how they perform with various algos. Honestly, let me know.
new 290 ? isnt that rather old?
new version of a 290? the rig i setup was 280's 3 or 4 of them i forget...
$400 each!.... the 290 was around 1000 i think. something crazy. lol
g
new version of a 290? the rig i setup was 280's 3 or 4 of them i forget...
$400 each!.... the 290 was around 1000 i think. something crazy. lol
g
I got it for $260 on Amazon last night. The latest mining reviews say that the hashrate is the same as the new R9 390s so it's all good. It counts that its brand new fresh out of the box cuz mining works those things over pretty good.
*its a brand new 2 year old GPU
but the GPU algos these days don't burn out your GPU like scrypt mining would.
new 290 ? isnt that rather old?
new version of a 290? the rig i setup was 280's 3 or 4 of them i forget...
$400 each!.... the 290 was around 1000 i think. something crazy. lol
g
new version of a 290? the rig i setup was 280's 3 or 4 of them i forget...
$400 each!.... the 290 was around 1000 i think. something crazy. lol
g
@wttbs - thanks for the summary, huge help.
Voted ....and seem to have made the majority choice.
Voted ....and seem to have made the majority choice.
You're welcome.
A great thing about multi-algo is many people can mine XVG now the easy way, most people have a PC with a GPU and choose an algo that fits with their hardware. You may not have lots of hashpower but you still mine some XVG and support the network.
And as the dev stated, the diff won't go crazy if somebody points extreme hashpower to the network and the confirmation times get f*cked up.
Verge is great already and will be awesome and one of the best coins when multi-algo is implemented.
I just bought a brand new Sapphire R9 290 in honor of the switch. Might still be a couple good deals left on Amazon. ANd i bought the 100% return on it for 2 years lol, i might need it
I also seem to have voted with the majority. Let's do this!
voted
scrypt, x17, prime, lyra2rev2, quark
scrypt, x17, prime, lyra2rev2, quark
I don't like quark centralized big farms located in China. I'm going to start sharing some of the dirty stuff I figured out is taking place in Chinese exchanges and mining soon. Avoid Quark!
Chinese farms have been stealing electricity from state grid for a long time worse even state grid is taking a blind look to it because there's a very friendly relationship between gov and miners very different from what we read on western news. So basically they are getting free coins and dump for any price that's why sometimes it doesn't make sense the hashrate at some coins.
Exchanges are listing mostly coins which they are big bag holders they don't care how good a coin is they must be bag holders to list it it's happening with most alt coins exchanges in China. Some of those exchanges can be traced to holdings in Cayman Islands among other safe havens.
as capital flight-out tightens many will divers some of their wealth into crypto.
http://www.zerohedge.com/news/2016-02-26/why-hedge-fund-manager-who-made-killing-subprime-buying-bitcoin
l believe Verge has a good chance to get a good chunk
Thanks
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