Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
Wouldn't a 1 MHz scrypt ASIC able to mine this at 500 KH is everyone is hashing at half their max? What is stopping from small gridseeds to scale?
haha, fortunatelly not
ASICs are out of this..they are built directly to be used on scrypt nothing else.. they are dumb devices doing just one task..
GPU can adapt to different n factor in this algo which will increase through time.. so even if they started to design new asics to VTC right now (and it is not really simple process), by the time its out, VTC may have higher n factor putting them again out of game
This is why VTC is and WILL be ASIC resistant...
ASIC prevention will kick in in two years. Adaptive N-Factor is BS branding. VertCoin is just another shitcoin
It doesn't work. The mining process simply becomes more difficult for everybody mining the coin when the 'Asic prevention' kicks in.
Did you even read what I wrote?
Obv. troll is obv.
dude VTC is far from innovative. Asic prevention will only kick in in about two years, according to the chart on the OP (lol.) By then we will have moved on seomthing much better
I fail to see why ppl arent dumping it.
"Adaptive N-Factor" such BS branding. oh lawd
Wrooong. It's already ASIC proof against any scrypt asic that's why verts hashrate right now is just 50% of litecoins.
Also the schedule isn't fixxed, the devs can always fork if asics WOULD come for a specific N before N changes which would render them useless and would be a huge money waste because they couldn't mine a day.
It is and will be asic proof.
We'll have moved to something much better?
What do you think should be done better?
If you have constructive cirtics to improve this coin just tell us your ideas. VTC is open to changes.
Right now I see no problems with Vertcoin technically.