Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
You are not right..I saw multipool mining many times coins like Lotto which also have 1 block diff retarget..At the moment VTC is 2-3x more profitable than doge, so they would mine it for 24h (or whatever profitable period until they kill any buy supply down to non profit level), dump the shit out of it and come back in a week or so for another portion
truth is that this coin is the HARDEST to mine for multipools but just don't say it's multipool resistant because it isn't.to be available to multipool users they would make you install a custom executable for the multipool, that can handle a N-factor issued by the pool.
AND you would require the user to test a different config for different values of N.
AND the multipool guy would have to leave out all the hashing power from the upcoming ASICs to do this.
when this will happen we'll have every single gpu miner on the planet and multipools scrypt will be only asics...
yes it's all circumventable TODAY with good skills and programming, but would require LOTS of testing and risks from both the users and the multipooler.
it is VERY unlikely at the moment. at least until Vertcoin is well estabilished.
when vertcoin will be well estabilished, hopefully we will have a large userbase and hashrate and people will want to hold vertcoins, not sell the instantly for BTC...