Quote from: greentea on March 27, 2014, 03:43:03 PM

Quote from: kingcolex on March 27, 2014, 03:19:42 PM

This is exactly how i feel, ive been mining vert for a bit aswell now do to what i expect will be a boom in the coin and a large price increase. I do see more and more coins going towards N Factor, it is obvious to keep a coin decentralized they need to keep it Asic resistant. I am just ready for more and more N factor coins so dificulty is less concentrated on Vert.

Vert is not really ASIC resistant as it still uses scrypt and ASIC's could be modified to mine this as well...

The best ASIC resistant coins are ones that use multiple/unique algos as well as random hashes. Coins like Quark, Hirocoin, EMC2(soon to be), Darkcoin etc .. as well as the POS coins like blackcoin and mintcoin, that use proof of stake to mint...

Vert is REALLY ASIC resistant, it is not because of it cannot produce ASIC to mine Vert, but due to N-Factor changing, it is limit time ASIC cycle.
For example, when you created an ASIC for Vert, you will likely to be able to use only 1 year or less due to N-Factor changing. So, it will cost you a lot.

While other algorithm using in Dark, Quark is NOT ASIC resistant anymore. Why I say like that ?
According to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to __create by ASIC___. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.

Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

So, You cannot say those coin is ASIC resistent because when they come out, it is done, while Vert is not the same due to N-Factor which keeps changing.