Quote from: Kalizar on June 26, 2014, 09:08:33 AM

I posted this in reddit.com/r/vertcoin, but I will post it here too.

I highly recommend everyone who reads this to switch over to this X11 multipool. You can currently mine more coins daily and decrease electricity costs. As this pool gets larger, it will increase buy orders on the exchange; increase VTC's price.

Summer keeps getting hotter, and "mining profit:electricity" is getting scarce. However, miners can mine the X11 algorithm and decrease GPU temperature 10+ degrees and lower electricity consumption by 50%.

For anyone who is unaware, wafflepool is a multipool that recently added Scrypt-N coins. It's currently mining 700 MH/s at Vertcoin and instantly selling it for BTC. That is 12% of VTC's network consistently selling. This has been effectively lowering VTC's price since its release.

Since 06/03/2014, WafflePool has managed to mine and sell 34,000. This number is increasing nearly every hour. Luckily, GreenPool just released their X11 multipool.

WafflePool's Scrypt-N Stats: http://wafflepool.com/stats/nscrypt

WafflePool's Vertcoin Wallet: https://explorer.vertcoin.org/address/VgoL97E5CEbPJtcfuNHw9B8rEudTgVQeC6

GreenPool's X11: http://x11.greenpool.tk/

Miners are already showing their support with, already, over 500 MH/s mining and buying VTC. Unfortunately, this is not enough. We need much more to counteract the sell pressure that is being dealt.

BONUS: Nvidia (CudaMiner) users should expect 6X increase in hash rate. (750 Ti = 2.3 MH/s | R9 290 = 3.4 MH/s)

I am willing to donate, and recommend others to join, 5+ VTC for anyone who makes a guide to help miners switch to X11 from Scrypt-N. I expect it to be comprehensive enough to easily get the most out of their GPUs and installing/configuring the X11 Miner or CudaMiner.

Until this sell pressure is neutralized, this pool and VTC itself needs more hash power.
I understand the developers are working on possibilities to fend off multipools like WafflePool. In the meantime, the VTC will continuously get massively sold and this is the only countermeasure

We need more support on x11.greenpool.tk!