Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt

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 Cheesy

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 Cheesy

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

ASIC prevention is NOW, dude. Have you even tried to mine this coin? It's hard as hell. The developers here are aggressive and will listen to the community. ASIC prevention is key feature of this coin. They will change N-factor scheduling if needed.

It doesn't work. The mining process simply becomes more difficult for everybody mining the coin when the 'Asic prevention' kicks in.

This. Looking at the code, that's part of the reason hash rates are half of what normal scrypt coins get. When the next Nfactor tick kicks in, hash rates will cut in half again.

Worse yet, when that next Nfactor tick hits, all of those currently working settings that everybody has optimized for all their cards will start killing cards like the normal scrypt settings are for the current Nfactor.

Sure, it's ASIC-proof, but it'll end up being GPU-proof in just a tick or two as well.