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Topic: [$XVG] VERGE [POW][MultiAlgo][TOR/i2P][no premine/ico!] - page 563. (Read 843765 times)

hero member
Activity: 812
Merit: 1000


Doesn't show for me. Very odd.

Because only jr members and above are only able to cast votes on polls to avoid cheating from creating new accounts then vote
newbie
Activity: 8
Merit: 0
It seems rather odd after the coin finally gaining some relative (and well deserved) value that they wouldn't jump at the chance to list it.
newbie
Activity: 28
Merit: 0
Dev

Firstly congratulations on brightening up darkdoge, I love the makeover not so dreary and litrally dark  Wink

Please help me I having nightmare with both verge wallet my old dd wallet and getting my coins either lost or not being able to transfer them.

I have a whole bunch of coins that are mine as the mining pool were not aware of the change over that are sat on the block explorer with my old dd address. I have filled in the suggest an owner form but it wont send either so as im sure you can imagine, i am getting rather frustrated.

I downloaded windows wallet for verge and although the blocks are up to date it says its out of sync and I haven't received any of my coins to the wallet.  I have just signed fr the online one  tried to enable 2fa and cant as not showing a qr or anything to link the two



 Huh Huh Huh ???aaaaaaaaaarrrrrrrrrrrrrrgggggggggggggggggghhhhhhhhhhhhhhh  Huh Huh Huh Huh

please tell me how to sort this jumble.  I have a suspension about the windows wallet being a local issue from my end as i seem to have a couple of newish wallets with same problem of not syncing but i have run out of ideas on that anyway. I have re-installed block chains etc.  It can see connections but all state not synced


Thank you so much  
member
Activity: 280
Merit: 10
heres their immediate response:

"We have it on our list, but do not currently have any intentions of adding it. Again, we get dozens of requests a day for new additions. If we decide to add we will mention on channels. This is our company policy and consistent response to anyone who asks us to add new coins. "  -Shapeshift

Others will show up to compete. ShapeShift as it stands now it's mainly a playground for VC backed tokens 80% of those "coins" are premined. They chose what their buddies are "investing in" funny cause more than 50% have less than USD 5k daily volume.
member
Activity: 280
Merit: 10
All,

The only real solution on that board is X11.

Cheers-

Rekt
 

In this case wouldn't X17 be simply a better option?

I prefer cpu miners the fact anyone can mine making it even more decentralized.

X11 asics is already out.

I say multi.

EDIT:http://cryptomining-blog.com/page/3/

You can read the last few pages also from the blog.

Sure not a lot of people have one now but is available.

If this is true it's just  starting but it's still X11 not x15 or 17 although I may be wrong. Anyway we can't fight technology we learn to live adapt to it. Miners are also an important part of the ecosystem and when playing by the rules they help much more than cause harm.
legendary
Activity: 1400
Merit: 1000
X11 asics is already out.

I say multi.

EDIT:http://cryptomining-blog.com/page/3/

You can read the last few pages also from the blog.

Sure not a lot of people have one now but is available.
newbie
Activity: 8
Merit: 0
http://imgur.com/YocN8g8

Doesn't show for me. Very odd.
hero member
Activity: 1176
Merit: 501
How does one vote on the poll?

Click the white bullet hole next to your desired choice.  then hit submit vote.

newbie
Activity: 8
Merit: 0
How does one vote on the poll?
legendary
Activity: 1708
Merit: 1009
$XVG - The Standard in Crypto as a Currency!
heres their immediate response:

"We have it on our list, but do not currently have any intentions of adding it. Again, we get dozens of requests a day for new additions. If we decide to add we will mention on channels. This is our company policy and consistent response to anyone who asks us to add new coins. "  -Shapeshift
sr. member
Activity: 377
Merit: 250

If you would like to direct your users to those channels so they can connect with us, they are more than welcome to do so.




ROFL!

o......k......... like we haven't already tried to reach them on their social channels.


le sigh.


Side note:


WOOOOOOT SR. MEMBER STATUS BITCHES


Cheers-
Rekt
legendary
Activity: 1708
Merit: 1009
$XVG - The Standard in Crypto as a Currency!
i wrote shapeshift, again, as request, and here is my response from shapeshift:

As I mentioned to you when we first spoke, we get dozens of requests for coin additions a day. We will never promise anyone that we will add their coin until we are in the final stages of adding it. If we decide to add Verge, we will announce on our newsletter and social media channels. If you would like to direct your users to those channels so they can connect with us, they are more than welcome to do so.

my response to them, again, was:

i wasn't asking for any promise, i was just curious as to why it has not been added, so i can give everyone an explanation who asks me. why has verge not been added?
legendary
Activity: 1708
Merit: 1009
$XVG - The Standard in Crypto as a Currency!
Did Dev or anyone else ever track that as the ip address of the bighash and confirm it?
Was it in fact china?
It would be first thought because of the size and constant hammering.
Just wondered though.

Oh and giant - scrypt IS one of the 5 algos.........used by digibyte anyway.
They try to appeal to gamers and have done pretty well.
In process of opening coin for other uses.

yes, i did track it, and it came back to alibaba/china.
sr. member
Activity: 420
Merit: 250
@CryptoOz
anyone suggest CryptoNight?  not sure if there are any issues with it?
sr. member
Activity: 420
Merit: 250
@CryptoOz
All,

The only real solution on that board is X11.

Here is why.

X11
The “X” series of algorithms first debuted with Darkcoin and was invented by Darkcoins creator, Evan Duffield. X11 is a hashing algorithm that includes eleven different hashing algorithms bundled up in one package. The original intent of X11 was to protect the network from what its creators called, Single Point Failures, which is a scenario where a hacker could theoretically crack an algorithm, making it vulnerable to attacks. Unlike SHA-256 and Scrypt, which are based on a single hashing algorithm, X11 features eleven different algorithms, all of which would all have to be compromised for an attack to be successful. The “X” series of algorithms extends beyond X11, and includes X12, X13, X14 all the way up to X17.

The simple difference between these algorithms is the amount of hashing algorithms intertwined in the package.

X11 is by far the most popular of the “X” series of hashing algorithms and has a number of attractive features to boot. X11 is best mined using GPU’s, and has a 1:6 efficiency ratio between CPU and GPU’s, thanks to better mining software, the GPU/CPU gap has been widening since the introduction of the algorithm. At this time X11 remains ASIC resistant and there are no publicly announced ASIC’s in development for the algorithm, however its widespread popularity and profitability may make it a target for ASIC developers in the future. X11 is also less power hungry then both SHA-256 and Scrypt, keeping your house cooler and quieter especially in the summertime, and keeping your significant other slightly happier about your mining operation. X11 happens to be the most dependent on the mining software you use compared to any other algorithm; specific mining software can give you huge advantages over others, potentially increasing hash power up to 40% with just the right software and settings.

But lets compare this to what we are currently using right now which is:

Scrypt

Scrypt was first introduced in cryptocurrency mining with the introduction of Litecoin. Benefits of the Scrypt algorithm included lower block times than Bitcoin, and ASIC resistance (Which unfortunately for us currently the "lower block time" doesnt apply given our current SPV issue). Scrypt was originally invented by Colin Percival for the Tarsnap online backup service, the service touts that Scrypt makes it tremendously expensive for custom hardware attacks to be conducted and is thousands of times more secure than many popular cryptographic algorithms in use today. Scrypt requires attackers to either use more memory to conduct a brute force attack, or use less memory and conduct a slower attack, this trade off is intentional and makes Scrypt very secure.

For miners, Scrypt is GPU friendly and the vast majority of Scrypt miners are GPU miners. Scrypt takes up more memory than SHA-256, however this is offset by the fact that Scrypt mining uses up less electricity than SHA-256 mining. With less electricity comes lower heat output and less noise coming from your miners, however mining Scrypt can still increase your AC bills during the Summer, and lower your gas bills in the Winter. It needs to be noted that ASIC’s for Scrypt mining are on the market, thus if you are a GPU miner mining Scrypt, you may be in for some competition. As more and more Scrypt ASIC’s are expected to hit the market, expect the difficulty to rise on Scrypt coins and your market shares to decrease, along with your profits.

Alternatives:

SHA256
No.

Lyra2REv2

Though Verticoin's implementation of Lyra2REv2 was successful - There is not enough data to suggest that this is a long term algorithum worth switching too. Also current Verticoin's currently standing network hash rate signifies that there is very little adoption to this algorithm. See:
http://www.coinwarz.com/network-hashrate-charts/vertcoin-network-hashrate-chart



Final thoughts for x11 to clarify earlier mentioned points -


Security: The algorithm uses eleven hashing functions from the Blake algorithm to the Keccak algorithm making it very secure which is what Verge ($XVG) touts.

Effectiveness: The X11 Algorithm gives amazingly fast hashes for both GPU’s and CPU’s. It also keeps GPU’s over 30% cooler making your expensive graphic cards less prone to overheating.

Power Cost: Due to how effective it is, graphic cards do not require that much power in order to mine it. Therefore, you will see significantly lower electricity costs at the end of the month. This makes coins running this algorithm to be a favorite in places where electricity costs are far from bearable.


Obviously this does not cover all the choices on the pole such as Multi but this is intended to help people understand some of the core mining algo's.


Cheers-

Rekt
 

and when x11 asic comes on market - what next?
sr. member
Activity: 377
Merit: 250
All,

The only real solution on that board is X11.

Here is why.

X11
The “X” series of algorithms first debuted with Darkcoin and was invented by Darkcoins creator, Evan Duffield. X11 is a hashing algorithm that includes eleven different hashing algorithms bundled up in one package. The original intent of X11 was to protect the network from what its creators called, Single Point Failures, which is a scenario where a hacker could theoretically crack an algorithm, making it vulnerable to attacks. Unlike SHA-256 and Scrypt, which are based on a single hashing algorithm, X11 features eleven different algorithms, all of which would all have to be compromised for an attack to be successful. The “X” series of algorithms extends beyond X11, and includes X12, X13, X14 all the way up to X17.

The simple difference between these algorithms is the amount of hashing algorithms intertwined in the package.

X11 is by far the most popular of the “X” series of hashing algorithms and has a number of attractive features to boot. X11 is best mined using GPU’s, and has a 1:6 efficiency ratio between CPU and GPU’s, thanks to better mining software, the GPU/CPU gap has been widening since the introduction of the algorithm. At this time X11 remains ASIC resistant and there are no publicly announced ASIC’s in development for the algorithm, however its widespread popularity and profitability may make it a target for ASIC developers in the future. X11 is also less power hungry then both SHA-256 and Scrypt, keeping your house cooler and quieter especially in the summertime, and keeping your significant other slightly happier about your mining operation. X11 happens to be the most dependent on the mining software you use compared to any other algorithm; specific mining software can give you huge advantages over others, potentially increasing hash power up to 40% with just the right software and settings.

But lets compare this to what we are currently using right now which is:

Scrypt

Scrypt was first introduced in cryptocurrency mining with the introduction of Litecoin. Benefits of the Scrypt algorithm included lower block times than Bitcoin, and ASIC resistance (Which unfortunately for us currently the "lower block time" doesnt apply given our current SPV issue). Scrypt was originally invented by Colin Percival for the Tarsnap online backup service, the service touts that Scrypt makes it tremendously expensive for custom hardware attacks to be conducted and is thousands of times more secure than many popular cryptographic algorithms in use today. Scrypt requires attackers to either use more memory to conduct a brute force attack, or use less memory and conduct a slower attack, this trade off is intentional and makes Scrypt very secure.

For miners, Scrypt is GPU friendly and the vast majority of Scrypt miners are GPU miners. Scrypt takes up more memory than SHA-256, however this is offset by the fact that Scrypt mining uses up less electricity than SHA-256 mining. With less electricity comes lower heat output and less noise coming from your miners, however mining Scrypt can still increase your AC bills during the Summer, and lower your gas bills in the Winter. It needs to be noted that ASIC’s for Scrypt mining are on the market, thus if you are a GPU miner mining Scrypt, you may be in for some competition. As more and more Scrypt ASIC’s are expected to hit the market, expect the difficulty to rise on Scrypt coins and your market shares to decrease, along with your profits.

Alternatives:

SHA256
No.

Lyra2REv2

Though Verticoin's implementation of Lyra2REv2 was successful - There is not enough data to suggest that this is a long term algorithum worth switching too. Also current Verticoin's currently standing network hash rate signifies that there is very little adoption to this algorithm. See:
http://www.coinwarz.com/network-hashrate-charts/vertcoin-network-hashrate-chart



Final thoughts for x11 to clarify earlier mentioned points -


Security: The algorithm uses eleven hashing functions from the Blake algorithm to the Keccak algorithm making it very secure which is what Verge ($XVG) touts.

Effectiveness: The X11 Algorithm gives amazingly fast hashes for both GPU’s and CPU’s. It also keeps GPU’s over 30% cooler making your expensive graphic cards less prone to overheating.

Power Cost: Due to how effective it is, graphic cards do not require that much power in order to mine it. Therefore, you will see significantly lower electricity costs at the end of the month. This makes coins running this algorithm to be a favorite in places where electricity costs are far from bearable.


Obviously this does not cover all the choices on the pole such as Multi but this is intended to help people understand some of the core mining algo's.


Cheers-

Rekt
 
sr. member
Activity: 420
Merit: 250
@CryptoOz
multi gets my vote - Scrypt served XVG well, now it is time to open it up to all miners.
legendary
Activity: 938
Merit: 1000
BTC | LTC | XLM | VEN | ARDR
Drop a message to follow the thread, doged holder, so now verge Smiley
hero member
Activity: 609
Merit: 500
DMD,XZC
Lyra2REv2 is good
legendary
Activity: 1019
Merit: 1001
Spectreproject Community Manager
Did Dev or anyone else ever track that as the ip address of the bighash and confirm it?
Was it in fact china?
It would be first thought because of the size and constant hammering.
Just wondered though.

Oh and giant - scrypt IS one of the 5 algos.........used by digibyte anyway.
They try to appeal to gamers and have done pretty well.
In process of opening coin for other uses.
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