Re: BEWARE OF CRYPTSY MANIPULATING NEW COINS- VERTCOIN SCREWJOB!!
by
h4xX0r_1337
on 06/02/2014, 06:43:38 UTC
OMG.
As soon as my VTC are there I'll withdraw them to another exchange. IDIOTS!
BEWARE!
EDIT: As "soon"...
EDIT2: Or I'll just keep em... First compiling the wallet did take 2 days (My first "save" laptop didn't have enough RAM, second first needed a clean install). Now this cryptsy thing guess I should keep em .
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BoardAnnouncements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
I said it doesn't work because the mining process becomes more difficult for everybody. As some guy here said, GPUs wont be able to cope and eventually the only miners will be ASIC with larger memory
Just adding standard DDR3 RAM is too slow.
DDR3-2133 Peak Transfer Rate: 17066⅔ MB/s
GPU-Z says my 7950 has 240GB/s. And scrypt relies on memory speed.
The new FirePro cards will get 12GB of RAM for example.
Dunno how cheap an ASIC is with massive GPU memory and GPU bandwith + the risk that N would be changed.
And miners would still be able to compete with CPU mining with large amounts of RAM at high N against high memory ASICs.
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BoardAnnouncements (Altcoins)
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
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.
Yeah it's soooo hard to change a config every few years. It's pathetic how they want to see Vertcoin dying.
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BoardAnnouncements (Altcoins)
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
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.
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.
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BoardAnnouncements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
by
h4xX0r_1337
on 05/02/2014, 14:42:37 UTC
CoinedUp was always this "low". (0.009) The adjustment of the two markets was required, it just went up on cryptsy that high because of the blocked incoming vtcs.
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BoardAnnouncements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
Went to sleep really happy last night about the price etc only to wake up to see someone hacked my Cryptsy and stole all my 350 vtc i've been working really hard on for the past 2 weeks.. My e-mail has also been hacked apparently..
First be sure your PC is clean and your wallet is secured.
Maybe 350 guys could just sent you a coin? Will hurt nobody and you're happy again.
I would send the first...
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BoardAnnouncements (Altcoins)
Re: [ANN][VTC] Vertcoin - Adaptive N-factor in Scrypt - No more ASICs
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.
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BoardAltcoin Discussion
Re: [POLL] Next cryptocurrency candidates for CoinEX
I'm quite certain that I submitted shares, yet no payout? I really don't want to go to a regular pool, but I can't keep burning electricity for nothing...
Yes I do appreciate the open for discussion approach taken in altcoin world. I get it, But you would do well to keep it one sided in public. Take the views in, and discuss in private rather than debate with public.
Price is fifty percent off the highs since your very important announcement and you have an open debate on whether the miners will just fork off with a new coin and then wtf am I holding?
Shut up and implement the changes and stop talking about implementing changes.
No disrespect intended. Markets do not like uncertainty and every buyer is relying on you to know what you are doing. Exude total confidence in your product. Don't talk, act, improve and disregard the noise.
Vertcoin is a winner. Don't fuck it up. Thanks...
Well I actually prefer that they ask the community which are the ones using the currency.
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BoardAltcoin Discussion
Re: [POLL] Next cryptocurrency candidates for CoinEX