VertCoin did it - with a modified scrypt algorithm
-
Humm… Just my opinion here, based on instinct and not on vertcoin knowledge: I have always preferred stability over “ups and downs” and looking at that rocketstart on vertcoin makes me think it might not have sustainability to hold there, it’s living the hype, a bit like doge.
Coins like FTC on the other side, grow slowly but steadily, and in the long run, that should make a difference…
But… everything is possible and vertcoin and dogecoin and watevacoin might be worth 100$ each in 3 months from now while others struggle…
That reminds me… when will watevacoin be launching? :D -
[quote name=“Radacoin” post=“57016” timestamp=“1391525806”]
In the early days of Feathercoin I proposed that we should change from scrypt to a [i]slightly[/i] modified algorithm - to differentiate from all the others coins. And provide a [i]slightly[/i] modified version of cgminer so that people could mine our coin.The code changes would have been minimal.
[/quote]You can make a trivial change such as N from 1024 to 2048, but it also means you have to update and maintain all mining software including pools. Is it worth the effort?
-
[quote name=“ghostlander” post=“57025” timestamp=“1391530778”]
You can make a trivial change such as N from 1024 to 2048, but it also means you have to update and maintain all mining software including pools. Is it worth the effort?
[/quote]“all mining software” comes down to cgminer in real life. A modified version is easy to maintain.
And there are already heaps of Vertcoin pools - so that seems to be no problem either.
Man, that could have been us …
-
can the the algorithm be changed now then at this stage ???
-
Let’s see value of Vertcoin at the end of the month.
This might help us understand if this lamentation is valid or not… -
Currency needs to be stable. FTC is that. Maybe so stable that it is boring because the price hardly moves at all. Vertcoin is well quite the opposite and far from a currency.
FTC is besides BTC the most developed currency and the biggest issue is what you can buy with it. Most are holding and waiting to exchange them for fiat at a higher price level and that is where we are at.
IF BTC in 2 years is worth 10 000 and FTC keeps ratio why on earth would you spend them today.
But i think dodge and vertcoin will visit earth again soon and where do you store crypto value. In a stable crypto coin. FTC could see a spike when the tide turns because nothing grows to heaven and beyond and stays there.
-
[quote name=“Radacoin” post=“57016” timestamp=“1391525806”]
In the early days of Feathercoin I proposed that we should change from scrypt to a [i]slightly[/i] modified algorithm - to differentiate from all the others coins. And provide a [i]slightly[/i] modified version of cgminer so that people could mine our coin.The code changes would have been minimal.
Now someone has done exactly that: VertCoin
The price is already skyrocketing.
https://www.cryptocoincharts.info/v2/pair/vtc/btc/coinedup/10-days
[/quote]Radacoin,
Would be interested to hear more on what those changes were and why you feel they are important, then how much vertcoin is worth in fiat at any given point. Maybe that discussion and watching how the new experiment that is vertcoin fares will be time well spent?
peace
~//~ -
[quote name=“Radacoin” post=“57026” timestamp=“1391531208”]
[quote author=ghostlander link=topic=7416.msg57025#msg57025 date=1391530778]
You can make a trivial change such as N from 1024 to 2048, but it also means you have to update and maintain all mining software including pools. Is it worth the effort?
[/quote]“all mining software” comes down to cgminer in real life. A modified version is easy to maintain.
And there are already heaps of Vertcoin pools - so that seems to be no problem either.
Man, that could have been us …
[/quote]Yacoin has played with adaptive N factor before. They have had their prime time. Now they’re falling. By the way, what do you think Vertcoin has got N factor code from? Read their main.cpp starting with “// yacoin: increasing Nfactor gradually” comment.
-
I too am very interested to know why anyone would be interested in short term pump and dumps based on speculation and bullshit, and ruining the investment of FTC holders who bought the coin knowing it was a scrypt coin, when sustainable ASIC powered price growth is just around the corner. This makes no sense to me.
I guess the pump and dumpers win that way? It’s the only benefit I can see.
-
[quote name=“Kevlar” post=“57147” timestamp=“1391569338”]
I too am very interested to know why anyone would be interested in short term pump and dumps based on speculation and bullshit, and ruining the investment of FTC holders who bought the coin knowing it was a scrypt coin, when sustainable ASIC powered price growth is just around the corner. This makes no sense to me.I guess the pump and dumpers win that way? It’s the only benefit I can see.
[/quote]+1
-
There are a lot of open source crypto related services & a lot of knowledge from all of the crypto currencies, so if they use them and apply in the right way def. they will be a very big player in the crypto world. So far they are going extremely well! ( pools are protecting themselves from 51% rumors, diff. re targeting, small supply on the market, good PR around the web, …)
-
I guess the real test comes now. The price is plummeting right now and it will be interesting to see the buy support if any after this insane rally.
-
https://bitcointalk.org/index.php?topic=438150.0
There’s another ‘MaxCoin’ with a different algorithm lol…
These new coins are only good for a huge risky profit when its first launched, afterwards its dump dump and dump. -
I really like this conversation, however, and remember “Junior Member” is next to my name, I’m just not hearing sound arguments either way.
Every coin can be pumped and dumped with the right collusion, and just because a coin has a completely new Algo, does that really change the adoption rate of businesses, or those form other coins?
With VertCoin, MaxCoin, Nxt, Ripple, etc., etc., I think we are reaching the widest point on the funnel of innovation, and soon a market consolidation could occur. Who needs to adapt, who needs to stay their course, and what does that mean for us?
-
[quote name=“Kevlar” post=“57147” timestamp=“1391569338”]
I too am very interested to know why anyone would be interested in short term pump and dumps based on speculation and bullshit
[/quote]Bitcoin.
-
I’ve done some research and asked some tough questions. Made a huge effort to try understand how everything works in regards to markets and algo’s…
Ftc is in a good place. Changing our algo at this given point in time would cause more grief than good.
My vote still stands with dealing with ACP before even looking at any other change of that scale.
-
VertCoin’s N factor addition is pretty good in terms of being ASIC resistant…but it’s too ASIC resistant. When the work size get above 512 bits, (around 2017 apparently) its going to become a bot net coin, and popularity will fall. It’s doomed to fail! (Provided of course GPU’s arent 1024 bit bus width by then).
-
i seem to remember feathercoin having quite the start as well. not exactly slow and steady
