Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer
by
jwinterm
on 23/11/2014, 17:13:38 UTC
The new algorithm has protection for multi pools, they will not be able to mining and sell their coins, so that only people who believe in the coin will be able to mining and will not sell all coins

What? Elaborate on this. How can a hashing algo know to restrict any hashing power, regardless of where it come from? Sounds pretty delusional but I'd love to hear why you believe it.

I think he believes that because for a time, VTC will be the only Lyra2 coin. He fails to see that multipools can also switch algorithms based on profitability...

Yessir. If VTC becomes highly profitable again, you can bet your sweet ass multis will find a way to incorporate it. It's absurd to state something like that thinking that will always be the case when more often that not, it has been been proven wrong in crypto.

Yea, I don't use sgminer5, but I'd guess it would be pretty trivial to add lyra2re to the autoswitcher part of the program.