Vertcoin



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Activity: 168

Merit: 100







Full MemberActivity: 168Merit: 100 Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer January 08, 2014, 12:30:46 AM

Last edit: July 02, 2014, 09:16:33 AM by Vertcoin #1



Download logo (vector) : https://www.dropbox.com/s/pa4pil2ggyd51yv/vert_roundel_logo_18_02_14.svg



Official website : https://vertcoin.org



Last News



Vertcoin | Stealth Address | Release

http://www.reddit.com/r/vertcoin/comments/29jjcb/vertcoin_stealth_address_release/



Announcing Vertlet - Vertcoin Wallet for iOS

http://www.reddit.com/r/vertcoin/comments/28ugnu/announcing_vertlet_vertcoin_wallet_for_ios/



What is Vertcoin?



Vertcoin is a cryptographic currency, similar to Bitcoin and Litecoin, with one major difference. As the forerunner of the digital currency movement, the original Bitcoin developers were unable to perceive all potential threats that would arise to challenge it's mission as a decentralized currency.



Millions of dollars were spent by various companies to build application specific integrated circuit (ASIC) computers in an attempt to monopolize mining. These devices made it so GPUs and CPUs were no longer useful in the mining process. As a result, the vast majority of Bitcoin mining and transactions would now be processed by large data centers that required hundreds of thousands, or millions of dollars in investment.



Now that Bitcoin computational power is handled almost entirely by large data centers, the currency has rapidly changed from a distributed, decentralized currency, to one that is much more centralized and vulnerable. Companies such as Cex.io are routinely hitting 40% PoW computational power on a daily basis, and will soon be able to perform 51% attacks at will, if they so choose.



Due to the problems ASIC chips brought on the digital currency platform, a new currency, Litecoin was created. Litecoin attempted to utilize the Scrypt hashing algorithm, which is more memory intensive than SHA256, to deter ASIC use. As of January 2014, there are now Scrypt ASIC chips being deployed by the Chinese for mining. So far, around 1000 Mhash of Gridseed ASIC chips have been brought online and used on the litecoin and middlecoin.com network.



The Chinese chips have not been released on the greater market at large, but eventually they will, and the same problems that SHA256 currency faces will come to the Litecoin and other Scrypt currency networks next.



Where does Vertcoin fit into this?



Scrypt was utilized by Litecoin to try and deter ASIC use because large memory requirements are the best way to try and make ASIC financially unfeasible. Litecoin held out for a while, but the original memory requirements in the barebone litecoin distribution were just not high enough to lock out ASIC completely.



Vertcoin has now been released as the logical evolution of Litecoin and introduces what's known as "Adaptive N-Factor". The N-factor component of Scrypt determines how much memory is required to compute the hashing functions. Vertcoin N-factor increases with time to stay one step ahead of any possible ASIC development.



For the long, foreseeable future, GPU computing will be the fastest method of computation for Vertcoin, but CPU computation will eventually make gains as N-factor increases.





Due to the large demand for having a more ASIC proof currency (



| N | Memory | Timestamp | Date/Time | |

|----------|--------|-------------|-------------------------------|---|

| 2048 | 256 kB | 1389306217 | Thu, 09 Jan 2014 22:23:37 GMT | |

| 4096 | 512 kB | 1456415081 | Thu, 25 Feb 2016 15:44:41 GMT | |

| 8192 | 1 MB | 1506746729 | Sat, 30 Sep 2017 04:45:29 GMT | |

| 16384 | 2 MB | 1557078377 | Sun, 05 May 2019 17:46:17 GMT | |

| 32768 | 4 MB | 1657741673 | Wed, 13 Jul 2022 19:47:53 GMT | |

| 65536 | 8 MB | 1859068265 | Tue, 28 Nov 2028 23:51:05 GMT | |

| 131072 | 16 MB | 2060394857 | Tue, 17 Apr 2035 03:54:17 GMT | |

| 262144 | 32 MB | 2463048041 | Sun, 19 Jan 2048 12:00:41 GMT | |

| 524288 | 64 MB | 2999918953 | Fri, 23 Jan 2065 06:49:13 GMT | |

| 1048576 | 128 MB | 3536789865 | Wed, 28 Jan 2082 01:37:45 GMT | |

| 2097152 | 256 MB | 5684273513 | Mon, 16 Feb 2150 04:51:53 GMT | |

| 4194304 | 512 MB | 7831757161 | Sat, 07 Mar 2218 08:06:01 GMT | |

| 8388608 | 1 GB | 9979240809 | Thu, 25 Mar 2286 11:20:09 GMT | |

| 16777216 | 2 GB | 16421691753 | Fri, 19 May 2490 21:02:33 GMT | |

| 33554432 | 4 GB | 22864142697 | Sun, 15 Jul 2694 06:44:57 GMT | |



Technical Details:

Algorithm: Scrypt-N

Symbol : VTC

Max Coins: 84 million vertcoins.

Block time: 2.5 minutes

Subsidy halves every 840,000 blocks (~4 years)

Difficulty Re-Target Time: Every block with Kimotos Gravity Well algorithm

Block Rewards: 50 coins per block





Premine - None

There is no premine except three, normal blocks done to test the network (150 coins). You can use the block explorer below to look them up. Unlike many other coins, no one has received a large amount of free coins to dump on an exchange.





Explorer

https://explorer.vertcoin.org

http://cryptexplorer.com/chain/VertCoin

http://t-ut.obi.vg/chain/Vertcoin

http://bitinfocharts.com/vertcoin/explorer/



Graph & Statistics

http://graph.vertcoin.org



How to Mine



1) GPU mine using CGminer modified for Vertcoin support (currently fastest method):

1. Windows Version

2. Source code for both Windows and Linux



Build HOWTO for vertminer:



IMPORTANT: Please note that the Vertcoin algorithm requires different GPU settings, and that you will attain, at most, 50% of the normal hashrate that you would get mining a normal scrypt coin. Everyone else will also of course have at most half their normal hashrate, so you will remain equally competitive and mine the same "slice of the pie" as you normally would.

In particular, you will need a --thread-concurrency setting of around 70% your normal setting. There is a GPU settings thread at https://bitcointalk.org/index.php?topic=416572.new#new that may help with setup, and if you are setting up on a GPU type that no-one has posted settings for yet, it would be appreciated if you would post your GPU type, settings and hashrate achieved in that thread.



2) GPU mine using CUDAminer modified for Vertcoin support

1. Windows 64 bit Version

2. Source code for both Windows and Linux

3. OSx Build of CUDAMiner

Requirement : CUDA toolkit 5.5 and "--algo=scrypt:2048" command



3) CPU mine using CGminer or CPUminer modified for Vertcoin

1. Windows version

2. Source



4) CPU mine with wallet (currently slowest method):

1. Open Vertcoin Wallet

2. Choose Help

3. Select Debug window

4. Select Console

5. Type setgenerate true <number of thread(s)>

6. type "getmininginfo" to see hashrate



List of Pools



Pre-built p2pool private node:

https://github.com/Paul-Bradley/EasyNode



p2pool list:

http://coin.cubeconnex.com/poollist/



Vertcoin Mining Calculator

http://www.verters.com/vertcoin-mining-calculator

http://daft.cc/vertcoin/

http://www.coinwarz.com/cryptocurrency/coins/vertcoin



Wallet

Windows installer package:

Windows plain (non-installer) zip:

Windows daemon:

Mac OS X:

Linux Binary i386:

Linux Binary amd64:

Github:



Ubuntu users can now install from our PPA in addition to building from source;



sudo add-apt-repository ppa:vertcoin/ppa && sudo apt-get update

sudo apt-get install vertcoin



Please consider contributing your signatures to our build validation process -





Paper Wallet

https://paperwallet.vertcoin.org/

http://www.printpaperwallet.com/?design=alt-vertcoin

https://github.com/vertcoin/paperwallet

https://github.com/transcoder/printpaperwallet





Trading and Exchanges

https://coinedup.com

https://poloniex.com/market.php?currencyPair=BTC_VTC

https://coin-swap.net/

https://www.coinmarket.io/market/VTCBTC

https://openex.pw/index.php?page=trade&market=105

https://www.cryptsy.com/markets/view/151

https://cryptx.io

https://bter.com/trade/vtc_btc

https://bter.com/trade/vtc_cny

https://vircurex.com/welcome/index?alt=btc&base=vtc&locale=en

https://www.swisscex.com/

https://coinex.pw

https://c-cex.com/index.html?p=vtc-btc

https://bittylicious.com/

https://bittrex.com/

https://cryptoaltex.com/index.php?page=trade&market=29

https://bleutrade.com/exchange/VTC/BTC

https://prelude.io/

https://www.vaultofsatoshi.com/

https://comkort.com/

https://agx.io/

https://bleutrade.com/exchange/VTC/BTC

https://www.allcrypt.com/market?id=232

https://coinaccel.com/#market/35

https://coinaccel.com/#market/79

https://www.mintpal.com/market/VTC/BTC



Where can I spend Vertcoin ?

http://www.allin.pt/

http://www.lotwin.com/

http://www.cryptosextoys.com/

http://vertcoindice.com

http://vertcoincasino.com

(Steam Games)

(Web Hosting)

(gold seller)

https://vtc-dice.com



Contact

facebook :

twitter :

reddit :

IRC : #vertcoin on freenode

forum :



Media

Followthecoin :

MadBitcoins :

Vertcoin: About to Go Vertical? :

http://www.ibtimes.co.uk/bitcoin-litecoin-dogecoin-more-all-report-heavy-losses-wake-shrem-arrest-1434099

http://www.cryptocoinsnews.com/2014/01/28/interview-fluffypony-open-rigs-owner-long-time-miner/

http://coinchomp.com/2014/02/02/a-brief-introduction-to-vertcoin/

http://www.ibtimes.co.uk/cryptocurrency-news-round-vertcoin-surge-continues-mt-gox-frustration-builds-1435175

http://www.ibtimes.co.uk/bitcoin-litecoin-dogecoin-vertcoin-how-buy-cryptocurrency-1435435

http://uk.news.yahoo.com/vertcoin-soaring-cryptocurrency-set-surpass-bitcoin-165058275.html

http://www.dcmagnates.com/lets-get-vertical-how-vertcoin-spiked-over-800-in-2-days/

https://medium.com/p/225f5a2d4f93

http://www.cryptocoinsnews.com/2014/02/20/vertcoin-developer-paul-bradley-talks-zerocoin-asic-resistance/

http://www.cryptocoinsnews.com/2014/03/08/vertcoin-active-coin/

http://www.bbc.co.uk/news/technology-27143341

http://finance.yahoo.com/news/vertcoin-cryptocurrency-continues-market-expansion-175100313.html

http://www.cryptocoinsnews.com/news/great-cryptocurrency-anonymity-debate-intensifies-vertcoin-tests-stealth-addresses/2014/06/11

http://www.ibtimes.co.uk/cryptocurrency-round-vertcoin-stealth-addresses-dogecoin-foundation-2-0-silk-road-auction-1454874







Credit

1. r0ach (David Muller): Site write-up, technical explanation of the coin, it's features, and the problems facing BTC/LTC that Vertcoin addresses

2. Bufius: port of cgminer and cpuminer to Vertcoin

3. Aleks_N: CGMiner Windows builds, OSx and Windows 64 bit build of CudaMiner

4. foxill1: logo design

5. candidakefyr: for providing the beautiful Vertcoin blockchain explorer

6. Cryptomancer: for creating Reddit for Vertcoin

7. sang: for creating #vertcoin on IRC

8. instacash: for compiling the souce code for Mac OS X version 0.8.6.1

9. bengt: for compiling the souce code for Mac OS X version 0.8.6.2

9. ziga: for creating first pool for Vertcoin

10. DarkriftX: for creating vertcoin.com for providing Vertcoin pool list

11. donschoe: for creating vertcoin p2pool list

12. boris_the_spider: for implementing KWG algorithm, building windows wallet, fixed various bugs, paper wallet, web design, outreach and publicity

Vertcoin is a cryptographic currency, similar to Bitcoin and Litecoin, with one major difference. As the forerunner of the digital currency movement, the original Bitcoin developers were unable to perceive all potential threats that would arise to challenge it's mission as a decentralized currency.Millions of dollars were spent by various companies to build application specific integrated circuit (ASIC) computers in an attempt to monopolize mining. These devices made it so GPUs and CPUs were no longer useful in the mining process. As a result, the vast majority of Bitcoin mining and transactions would now be processed by large data centers that required hundreds of thousands, or millions of dollars in investment.Now that Bitcoin computational power is handled almost entirely by large data centers, the currency has rapidly changed from a distributed, decentralized currency, to one that is much more centralized and vulnerable. Companies such as Cex.io are routinely hitting 40% PoW computational power on a daily basis, and will soon be able to perform 51% attacks at will, if they so choose.Due to the problems ASIC chips brought on the digital currency platform, a new currency, Litecoin was created. Litecoin attempted to utilize the Scrypt hashing algorithm, which is more memory intensive than SHA256, to deter ASIC use. As of January 2014, there are now Scrypt ASIC chips being deployed by the Chinese for mining. So far, around 1000 Mhash of Gridseed ASIC chips have been brought online and used on the litecoin and middlecoin.com network.The Chinese chips have not been released on the greater market at large, but eventually they will, and the same problems that SHA256 currency faces will come to the Litecoin and other Scrypt currency networks next.Scrypt was utilized by Litecoin to try and deter ASIC use because large memory requirements are the best way to try and make ASIC financially unfeasible. Litecoin held out for a while, but the original memory requirements in the barebone litecoin distribution were just not high enough to lock out ASIC completely.Vertcoin has now been released as the logical evolution of Litecoin and introduces what's known as "Adaptive N-Factor". The N-factor component of Scrypt determines how much memory is required to compute the hashing functions. Vertcoin N-factor increases with time to stay one step ahead of any possible ASIC development.For the long, foreseeable future, GPU computing will be the fastest method of computation for Vertcoin, but CPU computation will eventually make gains as N-factor increases.Due to the large demand for having a more ASIC proof currency ( https://bitcointalk.org/index.php?topic=359323.0 ), Vertcoin was created using Litecoin as a base, and has an adaptive N-factor applied based on the timestamp of blocks generated. Instead of using a fixed value of 10, such as Litecoin does, the Vertcoin N-factor begins at 11 and gradually increases over time using the following schedule:| N | Memory | Timestamp | Date/Time | ||----------|--------|-------------|-------------------------------|---|| 2048 | 256 kB | 1389306217 | Thu, 09 Jan 2014 22:23:37 GMT | || 4096 | 512 kB | 1456415081 | Thu, 25 Feb 2016 15:44:41 GMT | || 8192 | 1 MB | 1506746729 | Sat, 30 Sep 2017 04:45:29 GMT | || 16384 | 2 MB | 1557078377 | Sun, 05 May 2019 17:46:17 GMT | || 32768 | 4 MB | 1657741673 | Wed, 13 Jul 2022 19:47:53 GMT | || 65536 | 8 MB | 1859068265 | Tue, 28 Nov 2028 23:51:05 GMT | || 131072 | 16 MB | 2060394857 | Tue, 17 Apr 2035 03:54:17 GMT | || 262144 | 32 MB | 2463048041 | Sun, 19 Jan 2048 12:00:41 GMT | || 524288 | 64 MB | 2999918953 | Fri, 23 Jan 2065 06:49:13 GMT | || 1048576 | 128 MB | 3536789865 | Wed, 28 Jan 2082 01:37:45 GMT | || 2097152 | 256 MB | 5684273513 | Mon, 16 Feb 2150 04:51:53 GMT | || 4194304 | 512 MB | 7831757161 | Sat, 07 Mar 2218 08:06:01 GMT | || 8388608 | 1 GB | 9979240809 | Thu, 25 Mar 2286 11:20:09 GMT | || 16777216 | 2 GB | 16421691753 | Fri, 19 May 2490 21:02:33 GMT | || 33554432 | 4 GB | 22864142697 | Sun, 15 Jul 2694 06:44:57 GMT | |Algorithm: Scrypt-NSymbol : VTCMax Coins: 84 million vertcoins.Block time: 2.5 minutesSubsidy halves every 840,000 blocks (~4 years)Difficulty Re-Target Time: Every block with Kimotos Gravity Well algorithmBlock Rewards: 50 coins per block- NoneThere is no premine except three, normal blocks done to test the network (150 coins). You can use the block explorer below to look them up. Unlike many other coins, no one has received a large amount of free coins to dump on an exchange.1) GPU mine using CGminer modified for Vertcoin support (currently fastest method):1. Windows Version https://vertcoin.org/downloads/vertminer-0.5.3.zip 2. Source code for both Windows and Linux https://github.com/Bufius/vertminer-gpu Build HOWTO for vertminer: https://vertcoin.org/gpu-miner-build-howto.html 2) GPU mine using CUDAminer modified for Vertcoin support1. Windows 64 bit Version https://vertcoin.org/downloads/CudaminerWin64.zip 2. Source code for both Windows and Linux https://github.com/cbuchner1/CudaMiner 3. OSx Build of CUDAMiner https://vertcoin.org/downloads/CudaminerOSx-Aleks_N.zip Requirement : CUDA toolkit 5.5 and "--algo=scrypt:2048" command3) CPU mine using CGminer or CPUminer modified for Vertcoin1. Windows version https://www.amazon.com/clouddrive/share?s=D_fMD9YnSuMm5b8Ldi-jiA 2. Source https://github.com/Bufius/cpuminer-vert 4) CPU mine with wallet (currently slowest method):1. Open Vertcoin Wallet2. Choose Help3. Select Debug window4. Select Console5. Type setgenerate true 6. type "getmininginfo" to see hashratePre-built p2pool private node:p2pool list:Windows installer package: https://github.com/vertcoin/vertcoin/releases/download/v0.8.7.3/vertcoin-0.8.7.3-win32-setup.exe Windows plain (non-installer) zip: https://github.com/vertcoin/vertcoin/releases/download/v0.8.7.3/vertcoin-qt.exe Windows daemon: https://github.com/vertcoin/vertcoin/releases/download/v0.8.7.3/vertcoind.exe Mac OS X: https://github.com/vertcoin/vertcoin/releases/download/v0.8.7.3/Vertcoin-v0.8.7.3-Qt.dmg Linux Binary i386: https://github.com/vertcoin/vertcoin/releases/download/v0.8.7.3/linux_32.zip Linux Binary amd64: https://github.com/vertcoin/vertcoin/releases/download/v0.8.7.3/linux_64.zip Github: https://github.com/vertcoin/vertcoin Ubuntu users can now install from our PPA in addition to building from source;sudo add-apt-repository ppa:vertcoin/ppa && sudo apt-get updatesudo apt-get install vertcoinPlease consider contributing your signatures to our build validation process - https://github.com/vertcoin/gitian.sigs.vtc http://www.coingas.com (Steam Games) http://www.cleverpuffin.com/ (Web Hosting) http://bitgild.com (gold seller)facebook : https://www.facebook.com/vertcoin twitter : https://twitter.com/Vertcoin reddit : http://www.reddit.com/r/vertcoin/ IRC : #vertcoin on freenodeforum : http://vertcoinforum.com/ Followthecoin : http://www.followthecoin.com/interview-creator-vertcoin/ MadBitcoins : http://www.youtube.com/watch?v=RJvDIJ0Hr2A Vertcoin: About to Go Vertical? : http://www.holynerdvana.com/2014/01/vertcoin-about-to-go-vertical.html VTC Stealth Address : vJmt8sF4iySr2RnJdZJdqk7CbJMQzwPwQwUsQwKF27qPE7qv9gfhjYqD6VapALi6jv8j6VKUvXYEto6 xmtxoq9oUyBXbV9XsYdt6sA

Please contact us via contact[at]vertcoin.org only, do not PM.