itechnoguy



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MemberActivity: 64Merit: 10iTechnoguy Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS] April 13, 2014, 01:55:46 PM #8585 Quote from: Spoetnik on April 01, 2014, 08:03:52 AM

i found that mining Vertcoin was close to 3x more profitable than mining Darkcoin.

So if you wanted darkcoins then mine VTC and buy them



also i think VTC is more honest.. Dark coin is a rip off of Quark and they won't give any credit to Quark at all and play dumb about it.

they also have all kinds of trickery involved from day one like parading it around as a cpu only coin and not posting gpu miner links on the ANN page description.

Even though there was gpu miners around since day 1 ! so they have exploited the rep of being a cpu only coin to get people involved.. scammy !

Screw Darkcoin and their scammy bullshit.. their title boasts claims they can't back up too.. it's also listed on the CPU only coin listing topic.

in case people are curious i did some cpu and gpu testing with nvidia and ati etci found that mining Vertcoin was close to 3x more profitable than mining Darkcoin.So if you wanted darkcoins then mine VTC and buy themalso i think VTC is more honest.. Dark coin is a rip off of Quark and they won't give any credit to Quark at all and play dumb about it.they also have all kinds of trickery involved from day one like parading it around as a cpu only coin and not posting gpu miner links on the ANN page description.Even though there was gpu miners around since day 1 ! so they have exploited the rep of being a cpu only coin to get people involved.. scammy !Screw Darkcoin and their scammy bullshit.. their title boasts claims they can't back up too.. it's also listed on the CPU only coin listing topic.



3 times?

Are you sure?

Very good. That sounds really

I have to try

3 times?Are you sure?Very good. That sounds reallyI have to try

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BorisTheSpider



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Full MemberActivity: 210Merit: 100 Re: Vertcoin | Scrypt N | Beat ASICs | Must upgrade wallet due to a bug in OpenSSL April 14, 2014, 02:26:56 AM

Last edit: April 14, 2014, 03:34:13 AM by BorisTheSpider #8591



Some cool news for you. We were going to wait a few more days before saying anything, but a thread popped up:



https://bitcointalk.org/index.php?topic=567446.msg6206786#msg6206786



So I thought I'd give you all the news now.



We've been working on a merge-mined N-Scrypt coin on the VTC chain, called Monocle (MON). We wanted something interesting to do, and that would give us a kind of live high-hashrate testbed for possible future VTC features, so the rationale for the name was that it gives us a closer look at changes, and it's (M)erge (M)ined hence (M)onocle.



MON will have 1/10 of the VTC circulation (8.4 Million total MON), will use BRNDF for difficulty retargeting every 12 blocks, and will have a continuously reducing block subsidy using a curve that gives year 2/3/4 inflations of 45% / 14% / 5.5% respectively. Obviously it will not be premined nor have any other form of scam attached to it.







Watch this space... Hey everyone,Some cool news for you. We were going to wait a few more days before saying anything, but a thread popped up:So I thought I'd give you all the news now.We've been working on a merge-mined N-Scrypt coin on the VTC chain, called Monocle (MON). We wanted something interesting to do, and that would give us a kind of live high-hashrate testbed for possible future VTC features, so the rationale for the name was that it gives us a closer look at changes, and it's (M)erge (M)ined hence (M)onocle.MON will have 1/10 of the VTC circulation (8.4 Million total MON), will use BRNDF for difficulty retargeting every 12 blocks, and will have a continuously reducing block subsidy using a curve that gives year 2/3/4 inflations of 45% / 14% / 5.5% respectively. Obviously it will not be premined nor have any other form of scam attached to it.Watch this space...

bengtåke



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Sr. MemberActivity: 309Merit: 250confused developer Re: Vertcoin | Scrypt N | Beat ASICs | Must upgrade wallet due to a bug in OpenSSL April 14, 2014, 02:30:09 AM

Last edit: April 15, 2014, 02:04:14 AM by bengtåke #8592 Quote from: BorisTheSpider on April 14, 2014, 02:26:56 AM



Some cool news for you. We were going to wait a few more days before saying anything, but a thread popped up:



https://bitcointalk.org/index.php?topic=567446.msg6206786#msg6206786



So I thought I'd give you all the news now.



We've been working on a merge-mined N-Scrypt coin on the VTC chain, called Monocle (MON). We wanted something interesting to do, and that would give us a kind of live high-hashrate testbed for possible future VTC features, so the rationale for the name was that it gives us a closer look at changes, and it's (M)erge (M)ined hence (M)onocle.



MON will have 1/10 of the VTC circulation (8.4 Million total MON), will use BRNDF for difficulty retargeting every 12 blocks, and will have a continuously reducing block subsidy using a curve that gives year 2/3/4 inflations of 45% / 14% / 5.5% respectively. Obviously it will not be premined nor have any other form of scam attached to it.

Hey everyone,Some cool news for you. We were going to wait a few more days before saying anything, but a thread popped up:So I thought I'd give you all the news now.We've been working on a merge-mined N-Scrypt coin on the VTC chain, called Monocle (MON). We wanted something interesting to do, and that would give us a kind of live high-hashrate testbed for possible future VTC features, so the rationale for the name was that it gives us a closer look at changes, and it's (M)erge (M)ined hence (M)onocle.MON will have 1/10 of the VTC circulation (8.4 Million total MON), will use BRNDF for difficulty retargeting every 12 blocks, and will have a continuously reducing block subsidy using a curve that gives year 2/3/4 inflations of 45% / 14% / 5.5% respectively. Obviously it will not be premined nor have any other form of scam attached to it.





Guess I can add some more info about the launch, the block reward will start at 1 and slowly ramp up towards the full reward (to be fair). This is to mitigate the panic around launch for miners and to counteract the insta-mining. We want to give everyone a chance to get things set up without someone insta-mining 500 blocks (he still can, but there will be less incentive to). Exact figures for that will come later. Also since it is a merged-mined coin there will be no regular pools, the merged-mining will be done on p2pool only. It can still be mined regularly...



Edit: clarification Guess I can add some more info about the launch, the block reward will start at 1 and slowly ramp up towards the full reward (to be fair). This is to mitigate the panic around launch for miners and to counteract the insta-mining. We want to give everyone a chance to get things set up without someone insta-mining 500 blocks (he still can, but there will be less incentive to). Exact figures for that will come later. Also since it is a merged-mined coin there will be no regular pools, the merged-mining will be done on p2pool only. It can still be mined regularly...Edit: clarification BTC: 1HoDKDn6Gk7mggAhbRVA1T9UAU8kFAA6sy

roy7



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Sr. MemberActivity: 434Merit: 250 Re: Vertcoin | Scrypt N | Beat ASICs | Must upgrade wallet due to a bug in OpenSSL April 14, 2014, 02:04:46 PM #8598 Quote from: Lovok on April 14, 2014, 11:43:03 AM If there are more classic pools, why there should not be more than one p2pool network? Why the hell use some 3rd party proxy if I can directly mine on 2nd or 3rd network without problems (with hashrate that results many hours to share on 1st network). Proxy is more like classic pool than p2p.



Fragmenting the hash power into separate p2pool networks is just a work around to p2pool's current inability to reduce variance for small miners. If people are mining vertcoin long-term then the variance shouldn't be a major concern since it all averages out and a small miner will receive their average expected earnings over a long enough period of time.



If we wanted to consider the other extreme, the smallest p2pool network that makes sense at a 248.953 difficulty would be around 15MH if I do the math right, that'd average 2 blocks per day. If a single GPU miner has 300K hash power, then that'd be about 50 miners per network. With each miner actually holding 2% of the pool hash power, there'd be no problem at all getting shares, each miner would have a high average number of shares so the variance would only be based on the pool finding blocks, not added to the miner finding shares.



I guess it'd be interesting if p2pool could self-organize itself into multiple block chains and miners are assigned to an appropriate chain in this load balancing sort of way. The author of p2pool is working on some changes to support smaller miners, but I'm not sure on any of the details yet.



But trying to manually organize the 950MH on the original p2pool network into as many as 63 separate networks to hit the 15MH target above would be crazy.



Someone less lazy than me could calculate what hash power the pool could have for a single GPU miner to still have a 95% or 99% chance of keeping at least 1 share in the share chain at all times over time. There is a cap that p2pool tries to keep single miners at less than 1.6% or so of the whole share chain, so each miner having 2% is rather high. 30MH would make single GPU miners be at 1% of the pool power, and increase block/day (at current diff) to 4 on average.



If vertcoin grows substantially you do eventually end up with BitCoin's problem. The whole BTC p2pool network is over 1.5 days per block on average. However since the pool hash rate is around 180TH, it makes it hard for smaller miners to find shares. Over time it all averages out, but many small miners just can't stomach the variance of when they get paid. Fragmenting the hash power into separate p2pool networks is just a work around to p2pool's current inability to reduce variance for small miners. If people are mining vertcoin long-term then the variance shouldn't be a major concern since it all averages out and a small miner will receive their average expected earnings over a long enough period of time.If we wanted to consider the other extreme, the smallest p2pool network that makes sense at a 248.953 difficulty would be around 15MH if I do the math right, that'd average 2 blocks per day. If a single GPU miner has 300K hash power, then that'd be about 50 miners per network. With each miner actually holding 2% of the pool hash power, there'd be no problem at all getting shares, each miner would have a high average number of shares so the variance would only be based on the pool finding blocks, not added to the miner finding shares.I guess it'd be interesting if p2pool could self-organize itself into multiple block chains and miners are assigned to an appropriate chain in this load balancing sort of way. The author of p2pool is working on some changes to support smaller miners, but I'm not sure on any of the details yet.But trying to manually organize the 950MH on the original p2pool network into as many as 63 separate networks to hit the 15MH target above would be crazy.Someone less lazy than me could calculate what hash power the pool could have for a single GPU miner to still have a 95% or 99% chance of keeping at least 1 share in the share chain at all times over time. There is a cap that p2pool tries to keep single miners at less than 1.6% or so of the whole share chain, so each miner having 2% is rather high. 30MH would make single GPU miners be at 1% of the pool power, and increase block/day (at current diff) to 4 on average.If vertcoin grows substantially you do eventually end up with BitCoin's problem. The whole BTC p2pool network is over 1.5 days per block on average. However since the pool hash rate is around 180TH, it makes it hard for smaller miners to find shares. Over time it all averages out, but many small miners just can't stomach the variance of when they get paid.