I must say, I appreciate Myriad's post a lot. I consider myself to be fairly well informed but he just dropped a knowledge bomb on me, and provided nice explanations along with it.
I do prefer that whatever group we go with, we keep scrypt. I don't think we should abandon our roots and kick out the dedicated users who have been mining with scrypt all along. Better to just invite new algos to join the party.
Topic: [$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!] - page 556. (Read 843765 times)
just a little worried about my coins, invested alot of money into verge thats all.
I feel you. Especially given the recent climb I have far more invested into VERGE as a total percentage of all my crypto as any other coin by far.
This one is just far too good to let go of.
make sure it has sha-256 im heavy invested in this coin and i have 20 s7 farm i would love to mine it and help the network
Hi. I'm going to have to go with "wait, lets add more options...". Here's why:
x11, scrypt, prime
Why just 3 when you can have 5? Actually, there's no real limit to how many algorithms you can run simultaneously. The only trouble is that, if an algorithm's hash power is too small, it can easily become a victim of difficulty hopping. This is where a large miner or pool starts mining when the difficulty is low. They get many blocks in a short time, then the difficulty soars, and they stop mining. The hash rate drops dramatically and miners take forever to find the next block. The difficulty drops, then the big fish jumps back on. Repeat. In multi-algo this is less of a problem as the other algos keep the blockchain running smoothly, but the big miner is getting cheap coins in the end, which leads to dumping, and weaker network security.
Of course, the more algorithms a coin uses, the smaller the portion of block rewards per algorithm = lower hash rate = easier target for difficulty hopping.
Our experience with Myriad shows that 5 algorithms seems to work fine, even on fairly low hash rates. However, in the past we did have issues with scrypt and sha256d (not our GPU or GPU/CPU algorithms). We solved this by enabling merge mining on scrypt and sha256d. Hash rate skyrocketed, and the network has been running great ever since.
x11, scrypt, prime, sha256
2.5 ASIC algos, and 1.5 GPU algos. I dunno... that's a lot of ASIC
x11, scrypt, lyra2rev2
Why leave out sha256d? It has the most mature ASIC market today. If anything, you would be better off having sha256d than scrypt or x11. Also, the issue I have with lyra2re2 is it's mainly just used by Vertcoin. Vertcoin devs publicly state they will change the algo in the future, so lyra2re2 has rather limited support.
x11, x13, x15, x17
This one has merit. x11 ASICs are starting to come online, and an x13 ASIC would appear to be only one step away, x15 two steps away, and x17 three. This could have the effect of allowing a very even, gradual shift from the GPU to the ASIC phase. Essentially, that's what every coin wants.
I'm not voting for this option yet, but the community should consider it.
scrypt, prime, x13
lyra2rev2, x13, prime
Seem like fairly random choices. Why x13? Why not neoscrypt or keccak for GPU? Neoscrypt is a more popular GPU algorithm used in Feathercoin and others.
keccak, x11, prime, scrypt
Again, why scrypt and x11 but not sha256d?
scrypt, x15, lyra2rev2, blake2s, prime
Why x15? Seems random... again, why not neoscrypt or keccak?
My picks...
I am a bit biased here, but personally I would like to see a flock of multi-algo coins all merge mining with each other and supporting each other. Therefore, it would be nice if Verge used one of the Myriad GPU algorithms. They are fairly supported now that they're used by Digibyte and soon also by Auroracoin. So with that, I would go with:
sha256d - best ASIC algo, no brainer
scrypt
x11
prime
neoscrypt
groestl - Myriad GPU algo
All merge mined.
6 algos. 2.5 ASIC, 3.5 GPU. Groestl should be fairly easy to implement in an ASIC. Neoscrypt and prime will probably take a significantly longer time to see ASICs. Plus, Verge could claim to be the first 6 algo coin. I think that has great marketing potential
x11, scrypt, prime
Why just 3 when you can have 5? Actually, there's no real limit to how many algorithms you can run simultaneously. The only trouble is that, if an algorithm's hash power is too small, it can easily become a victim of difficulty hopping. This is where a large miner or pool starts mining when the difficulty is low. They get many blocks in a short time, then the difficulty soars, and they stop mining. The hash rate drops dramatically and miners take forever to find the next block. The difficulty drops, then the big fish jumps back on. Repeat. In multi-algo this is less of a problem as the other algos keep the blockchain running smoothly, but the big miner is getting cheap coins in the end, which leads to dumping, and weaker network security.
Of course, the more algorithms a coin uses, the smaller the portion of block rewards per algorithm = lower hash rate = easier target for difficulty hopping.
Our experience with Myriad shows that 5 algorithms seems to work fine, even on fairly low hash rates. However, in the past we did have issues with scrypt and sha256d (not our GPU or GPU/CPU algorithms). We solved this by enabling merge mining on scrypt and sha256d. Hash rate skyrocketed, and the network has been running great ever since.
x11, scrypt, prime, sha256
2.5 ASIC algos, and 1.5 GPU algos. I dunno... that's a lot of ASIC
x11, scrypt, lyra2rev2
Why leave out sha256d? It has the most mature ASIC market today. If anything, you would be better off having sha256d than scrypt or x11. Also, the issue I have with lyra2re2 is it's mainly just used by Vertcoin. Vertcoin devs publicly state they will change the algo in the future, so lyra2re2 has rather limited support.
x11, x13, x15, x17
This one has merit. x11 ASICs are starting to come online, and an x13 ASIC would appear to be only one step away, x15 two steps away, and x17 three. This could have the effect of allowing a very even, gradual shift from the GPU to the ASIC phase. Essentially, that's what every coin wants.
I'm not voting for this option yet, but the community should consider it.
scrypt, prime, x13
lyra2rev2, x13, prime
Seem like fairly random choices. Why x13? Why not neoscrypt or keccak for GPU? Neoscrypt is a more popular GPU algorithm used in Feathercoin and others.
keccak, x11, prime, scrypt
Again, why scrypt and x11 but not sha256d?
scrypt, x15, lyra2rev2, blake2s, prime
Why x15? Seems random... again, why not neoscrypt or keccak?
My picks...
I am a bit biased here, but personally I would like to see a flock of multi-algo coins all merge mining with each other and supporting each other. Therefore, it would be nice if Verge used one of the Myriad GPU algorithms. They are fairly supported now that they're used by Digibyte and soon also by Auroracoin. So with that, I would go with:
sha256d - best ASIC algo, no brainer
scrypt
x11
prime
neoscrypt
groestl - Myriad GPU algo
All merge mined.
6 algos. 2.5 ASIC, 3.5 GPU. Groestl should be fairly easy to implement in an ASIC. Neoscrypt and prime will probably take a significantly longer time to see ASICs. Plus, Verge could claim to be the first 6 algo coin. I think that has great marketing potential
That's the kind of input we need, not just "I will wait for more..."
Your points are valid and I would change my vote to your suggestion:
sha256d
scrypt
x11
prime
neoscrypt
groestl
Hi. I'm going to have to go with "wait, lets add more options...". Here's why:
x11, scrypt, prime
Why just 3 when you can have 5? Actually, there's no real limit to how many algorithms you can run simultaneously. The only trouble is that, if an algorithm's hash power is too small, it can easily become a victim of difficulty hopping. This is where a large miner or pool starts mining when the difficulty is low. They get many blocks in a short time, then the difficulty soars, and they stop mining. The hash rate drops dramatically and miners take forever to find the next block. The difficulty drops, then the big fish jumps back on. Repeat. In multi-algo this is less of a problem as the other algos keep the blockchain running smoothly, but the big miner is getting cheap coins in the end, which leads to dumping, and weaker network security.
Of course, the more algorithms a coin uses, the smaller the portion of block rewards per algorithm = lower hash rate = easier target for difficulty hopping.
Our experience with Myriad shows that 5 algorithms seems to work fine, even on fairly low hash rates. However, in the past we did have issues with scrypt and sha256d (not our GPU or GPU/CPU algorithms). We solved this by enabling merge mining on scrypt and sha256d. Hash rate skyrocketed, and the network has been running great ever since.
x11, scrypt, prime, sha256
2.5 ASIC algos, and 1.5 GPU algos. I dunno... that's a lot of ASIC
x11, scrypt, lyra2rev2
Why leave out sha256d? It has the most mature ASIC market today. If anything, you would be better off having sha256d than scrypt or x11. Also, the issue I have with lyra2re2 is it's mainly just used by Vertcoin. Vertcoin devs publicly state they will change the algo in the future, so lyra2re2 has rather limited support.
x11, x13, x15, x17
This one has merit. x11 ASICs are starting to come online, and an x13 ASIC would appear to be only one step away, x15 two steps away, and x17 three. This could have the effect of allowing a very even, gradual shift from the GPU to the ASIC phase. Essentially, that's what every coin wants.
I'm not voting for this option yet, but the community should consider it.
scrypt, prime, x13
lyra2rev2, x13, prime
Seem like fairly random choices. Why x13? Why not neoscrypt or keccak for GPU? Neoscrypt is a more popular GPU algorithm used in Feathercoin and others.
keccak, x11, prime, scrypt
Again, why scrypt and x11 but not sha256d?
scrypt, x15, lyra2rev2, blake2s, prime
Why x15? Seems random... again, why not neoscrypt or keccak?
My picks...
I am a bit biased here, but personally I would like to see a flock of multi-algo coins all merge mining with each other and supporting each other. Therefore, it would be nice if Verge used one of the Myriad GPU algorithms. They are fairly supported now that they're used by Digibyte and soon also by Auroracoin. So with that, I would go with:
sha256d - best ASIC algo, no brainer
scrypt
x11
prime
neoscrypt
groestl - Myriad GPU algo
All merge mined.
6 algos. 2.5 ASIC, 3.5 GPU. Groestl should be fairly easy to implement in an ASIC. Neoscrypt and prime will probably take a significantly longer time to see ASICs. Plus, Verge could claim to be the first 6 algo coin. I think that has great marketing potential
x11, scrypt, prime
Why just 3 when you can have 5? Actually, there's no real limit to how many algorithms you can run simultaneously. The only trouble is that, if an algorithm's hash power is too small, it can easily become a victim of difficulty hopping. This is where a large miner or pool starts mining when the difficulty is low. They get many blocks in a short time, then the difficulty soars, and they stop mining. The hash rate drops dramatically and miners take forever to find the next block. The difficulty drops, then the big fish jumps back on. Repeat. In multi-algo this is less of a problem as the other algos keep the blockchain running smoothly, but the big miner is getting cheap coins in the end, which leads to dumping, and weaker network security.
Of course, the more algorithms a coin uses, the smaller the portion of block rewards per algorithm = lower hash rate = easier target for difficulty hopping.
Our experience with Myriad shows that 5 algorithms seems to work fine, even on fairly low hash rates. However, in the past we did have issues with scrypt and sha256d (not our GPU or GPU/CPU algorithms). We solved this by enabling merge mining on scrypt and sha256d. Hash rate skyrocketed, and the network has been running great ever since.
x11, scrypt, prime, sha256
2.5 ASIC algos, and 1.5 GPU algos. I dunno... that's a lot of ASIC
x11, scrypt, lyra2rev2
Why leave out sha256d? It has the most mature ASIC market today. If anything, you would be better off having sha256d than scrypt or x11. Also, the issue I have with lyra2re2 is it's mainly just used by Vertcoin. Vertcoin devs publicly state they will change the algo in the future, so lyra2re2 has rather limited support.
x11, x13, x15, x17
This one has merit. x11 ASICs are starting to come online, and an x13 ASIC would appear to be only one step away, x15 two steps away, and x17 three. This could have the effect of allowing a very even, gradual shift from the GPU to the ASIC phase. Essentially, that's what every coin wants.
I'm not voting for this option yet, but the community should consider it.
scrypt, prime, x13
lyra2rev2, x13, prime
Seem like fairly random choices. Why x13? Why not neoscrypt or keccak for GPU? Neoscrypt is a more popular GPU algorithm used in Feathercoin and others.
keccak, x11, prime, scrypt
Again, why scrypt and x11 but not sha256d?
scrypt, x15, lyra2rev2, blake2s, prime
Why x15? Seems random... again, why not neoscrypt or keccak?
My picks...
I am a bit biased here, but personally I would like to see a flock of multi-algo coins all merge mining with each other and supporting each other. Therefore, it would be nice if Verge used one of the Myriad GPU algorithms. They are fairly supported now that they're used by Digibyte and soon also by Auroracoin. So with that, I would go with:
sha256d - best ASIC algo, no brainer
scrypt
x11
prime
neoscrypt
groestl - Myriad GPU algo
All merge mined.
6 algos. 2.5 ASIC, 3.5 GPU. Groestl should be fairly easy to implement in an ASIC. Neoscrypt and prime will probably take a significantly longer time to see ASICs. Plus, Verge could claim to be the first 6 algo coin. I think that has great marketing potential
That's the kind of input we need, not just "I will wait for more..."
Your points are valid and I would change my vote to your suggestion:
sha256d
scrypt
x11
prime
neoscrypt
groestl
Hi. I'm going to have to go with "wait, lets add more options...". Here's why:
x11, scrypt, prime
Why just 3 when you can have 5? Actually, there's no real limit to how many algorithms you can run simultaneously. The only trouble is that, if an algorithm's hash power is too small, it can easily become a victim of difficulty hopping. This is where a large miner or pool starts mining when the difficulty is low. They get many blocks in a short time, then the difficulty soars, and they stop mining. The hash rate drops dramatically and miners take forever to find the next block. The difficulty drops, then the big fish jumps back on. Repeat. In multi-algo this is less of a problem as the other algos keep the blockchain running smoothly, but the big miner is getting cheap coins in the end, which leads to dumping, and weaker network security.
Of course, the more algorithms a coin uses, the smaller the portion of block rewards per algorithm = lower hash rate = easier target for difficulty hopping.
Our experience with Myriad shows that 5 algorithms seems to work fine, even on fairly low hash rates. However, in the past we did have issues with scrypt and sha256d (not our GPU or GPU/CPU algorithms). We solved this by enabling merge mining on scrypt and sha256d. Hash rate skyrocketed, and the network has been running great ever since.
x11, scrypt, prime, sha256
2.5 ASIC algos, and 1.5 GPU algos. I dunno... that's a lot of ASIC
x11, scrypt, lyra2rev2
Why leave out sha256d? It has the most mature ASIC market today. If anything, you would be better off having sha256d than scrypt or x11. Also, the issue I have with lyra2re2 is it's mainly just used by Vertcoin. Vertcoin devs publicly state they will change the algo in the future, so lyra2re2 has rather limited support.
x11, x13, x15, x17
This one has merit. x11 ASICs are starting to come online, and an x13 ASIC would appear to be only one step away, x15 two steps away, and x17 three. This could have the effect of allowing a very even, gradual shift from the GPU to the ASIC phase. Essentially, that's what every coin wants.
I'm not voting for this option yet, but the community should consider it.
scrypt, prime, x13
lyra2rev2, x13, prime
Seem like fairly random choices. Why x13? Why not neoscrypt or keccak for GPU? Neoscrypt is a more popular GPU algorithm used in Feathercoin and others.
keccak, x11, prime, scrypt
Again, why scrypt and x11 but not sha256d?
scrypt, x15, lyra2rev2, blake2s, prime
Why x15? Seems random... again, why not neoscrypt or keccak?
My picks...
I am a bit biased here, but personally I would like to see a flock of multi-algo coins all merge mining with each other and supporting each other. Therefore, it would be nice if Verge used one of the Myriad GPU algorithms. They are fairly supported now that they're used by Digibyte and soon also by Auroracoin. So with that, I would go with:
sha256d - best ASIC algo, no brainer
scrypt
x11
prime
neoscrypt
groestl - Myriad GPU algo
All merge mined.
6 algos. 2.5 ASIC, 3.5 GPU. Groestl should be fairly easy to implement in an ASIC. Neoscrypt and prime will probably take a significantly longer time to see ASICs. Plus, Verge could claim to be the first 6 algo coin. I think that has great marketing potential
x11, scrypt, prime
Why just 3 when you can have 5? Actually, there's no real limit to how many algorithms you can run simultaneously. The only trouble is that, if an algorithm's hash power is too small, it can easily become a victim of difficulty hopping. This is where a large miner or pool starts mining when the difficulty is low. They get many blocks in a short time, then the difficulty soars, and they stop mining. The hash rate drops dramatically and miners take forever to find the next block. The difficulty drops, then the big fish jumps back on. Repeat. In multi-algo this is less of a problem as the other algos keep the blockchain running smoothly, but the big miner is getting cheap coins in the end, which leads to dumping, and weaker network security.
Of course, the more algorithms a coin uses, the smaller the portion of block rewards per algorithm = lower hash rate = easier target for difficulty hopping.
Our experience with Myriad shows that 5 algorithms seems to work fine, even on fairly low hash rates. However, in the past we did have issues with scrypt and sha256d (not our GPU or GPU/CPU algorithms). We solved this by enabling merge mining on scrypt and sha256d. Hash rate skyrocketed, and the network has been running great ever since.
x11, scrypt, prime, sha256
2.5 ASIC algos, and 1.5 GPU algos. I dunno... that's a lot of ASIC
x11, scrypt, lyra2rev2
Why leave out sha256d? It has the most mature ASIC market today. If anything, you would be better off having sha256d than scrypt or x11. Also, the issue I have with lyra2re2 is it's mainly just used by Vertcoin. Vertcoin devs publicly state they will change the algo in the future, so lyra2re2 has rather limited support.
x11, x13, x15, x17
This one has merit. x11 ASICs are starting to come online, and an x13 ASIC would appear to be only one step away, x15 two steps away, and x17 three. This could have the effect of allowing a very even, gradual shift from the GPU to the ASIC phase. Essentially, that's what every coin wants.
I'm not voting for this option yet, but the community should consider it.
scrypt, prime, x13
lyra2rev2, x13, prime
Seem like fairly random choices. Why x13? Why not neoscrypt or keccak for GPU? Neoscrypt is a more popular GPU algorithm used in Feathercoin and others.
keccak, x11, prime, scrypt
Again, why scrypt and x11 but not sha256d?
scrypt, x15, lyra2rev2, blake2s, prime
Why x15? Seems random... again, why not neoscrypt or keccak?
My picks...
I am a bit biased here, but personally I would like to see a flock of multi-algo coins all merge mining with each other and supporting each other. Therefore, it would be nice if Verge used one of the Myriad GPU algorithms. They are fairly supported now that they're used by Digibyte and soon also by Auroracoin. So with that, I would go with:
sha256d - best ASIC algo, no brainer
scrypt
x11
prime
neoscrypt
groestl - Myriad GPU algo
All merge mined.
6 algos. 2.5 ASIC, 3.5 GPU. Groestl should be fairly easy to implement in an ASIC. Neoscrypt and prime will probably take a significantly longer time to see ASICs. Plus, Verge could claim to be the first 6 algo coin. I think that has great marketing potential
just a little worried about my coins, invested alot of money into verge thats all.
Don't worry as long as you sent to the right wallet address everything is safe, with MA Verge will decentralize completely the mining great step for even more future great.
just a little worried about my coins, invested alot of money into verge thats all.
how long are u waiting for?
One day.
Previous transactions were much faster.
when things are as they should be it's fast. All I can tell you, is the dev isn't sitting back and doing nothing he's exploring options.
Oohhhhhh, I love the option "scrypt, x15, lyra2rev2, blake2s, prime"!!!! However, why not throw in SHA256 while we are at it?
I am with you for including SHA256, there are a lot of miners out there who would love to mine this Verge.
Plus there are also duel miners (Scrypt & SHA256).
see https://www.miningrigrentals.com/ front page see the algos listed:
SHA256 - 431 rigs
Scrypt - 194 rigs
Edit: but going to vote x11, scrypt, prime, sha256
why do we have so many "wait, lets add more options..." voters?
It would be better to suggest than wait.
It would be better to suggest than wait.
I haven't revoted yet but
x11, scrypt, prime, sha256 would be great if you add Lyra2REv2
why do we have so many "wait, lets add more options..." voters?
It would be better to suggest than wait.
It would be better to suggest than wait.
Oohhhhhh, I love the option "scrypt, x15, lyra2rev2, blake2s, prime"!!!! However, why not throw in SHA256 while we are at it?
I am with you for including SHA256, there are a lot of miners out there who would love to mine this Verge.
Plus there are also duel miners (Scrypt & SHA256).
see https://www.miningrigrentals.com/ front page see the algos listed:
SHA256 - 431 rigs
Scrypt - 194 rigs
Edit: but going to vote x11, scrypt, prime, sha256
how long are u waiting for?
One day.
Previous transactions were much faster.
Oohhhhhh, I love the option "scrypt, x15, lyra2rev2, blake2s, prime"!!!! However, why not throw in SHA256 while we are at it?
Thanks all. I realized that I have to wait. High difficulty and low hashrate slows down transactions.
how long are u waiting for?
Thanks all. I realized that I have to wait. High difficulty and low hashrate slows down transactions.
where do I check this transaction coins didn't reach my wallet its been 24 hr be43a46a38a63de169efb39f66326b588623519e079b4e2570a1c1206cac9bd5
Please help
...
...
Shows up here https://www.blockexperts.com/xvg/tx/35cc64f870180bbd5c2c13f1c9fc119b3607fe39ca6763163687c67e39b1d7ef
This previous transaction. I send 23611.41833000 XVG (-0.1 fee) to bleutrade.com (D8ZWywmdqvD27FrKdML8Gijr9Q5iVZbqrV)
After this I send 23611.31833 to bittrex.com (DAh3suyCun4dQ7JSNALJsSTuf7TCtbG7Eq)
But XVG not reached
https://www.blockexperts.com/xvg/tx/e233fd6b35def16e1c45b32fd2d94050a681debd33911f8c91007bbee141d15a
you checked vergecurrency.info which isnt complete yet, blockexperts.com/xvg is better for now until i finish that one.
Hey anyone interested in helping me bug test http://vergetalk.org/ ? I would greatly appreciate it.
But please PM me any issues directly, I don't want to consume the thread with off topic, but the site will be used to share the word of VERGE and promote sites who also accept and promote VERGE :-) Still a couple weeks away from launch with no unforeseen delays.
But please PM me any issues directly, I don't want to consume the thread with off topic, but the site will be used to share the word of VERGE and promote sites who also accept and promote VERGE :-) Still a couple weeks away from launch with no unforeseen delays.
Please help
...
...
Shows up here https://www.blockexperts.com/xvg/tx/35cc64f870180bbd5c2c13f1c9fc119b3607fe39ca6763163687c67e39b1d7ef
This previous transaction. I send 23611.41833000 XVG (-0.1 fee) to bleutrade.com (D8ZWywmdqvD27FrKdML8Gijr9Q5iVZbqrV)
After this I send 23611.31833 to bittrex.com (DAh3suyCun4dQ7JSNALJsSTuf7TCtbG7Eq)
But XVG not reached
Without getting into the long explanation, let me assure you it is fine. There is an issue NOT with the coin but rather with ASIC farms driving up our difficulty then leaving. This slows down transactions. It's what all the multi-algo talk is about. We are trying to come up with a long term solution but for now, transactions may be fast they may be slow.
You can help by using any Hashpower you have to mine XVG. Don't worry.
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