Vertcoin asic mining
What is Vertcoin?
Vertcoin is different. Unlike many other coins you will see on this forum, Vertcoin has a purpose, a goal which drives the community and developers to constantly innovate. Committed to the decentralisation Satoshi originally dreamed of, Vert has consistently evolved over time to combat the threats to this dream. As a result, one of our main features is ASIC resistance, having forked successfully to a new proof of work algorithm called "Lyra2RE" upon discovering that Scrypt-N ASICs were being developed. We believe that by keeping the mining process in the hands of those with generalised, low-risk, consumer grade hardware, we can lower the entry requirement for miners, increasing the number of individuals mining the coin which in turn leads to true decentralisation.
Bitcoinupdate: UPDATE 17 December 2014 - New Lyra2RE Algorithm no more Scrypt-N
It was anticipated that VertCoin (VTC) will hardfork to the new Lyra2RE algorithm at around 16th this month at block 208301, however we have reached the fork a bit earlier. So if you are mining VertCoin you should switch to the new Lyra2RE GPU miners and to pools that have already switched to the new algorithm. Some people have anticipated that after the fork the price of VTC will increase, but this did not happen as currently VertCoin is quite profitable to mine and sell directly and apparently a lot of people are doing exactly this resulting in exchange rate dropping. This is just the week day after the fork, so we should wait and see how the Lyra2RE fork will affect VTC – will it help the coin or on the contrary.
Vertcoin is different. Unlike many other coins you will see on this forum, Vertcoin has a purpose, a goal which drives the community and developers to constantly innovate. Committed to the decentralisation Satoshi originally dreamed of, Vert has consistently evolved over time to combat the threats to this dream. As a result, one of our main features is ASIC resistance, having forked successfully to a new proof of work algorithm called "Lyra2RE" upon discovering that Scrypt-N ASICs were being developed. We believe that by keeping the mining process in the hands of those with generalised, low-risk, consumer grade hardware, we can lower the entry requirement for miners, increasing the number of individuals mining the coin which in turn leads to true decentralisation.
Bitcoinupdate: UPDATE 17 December 2014 - New Lyra2RE Algorithm no more Scrypt-N
It was anticipated that VertCoin (VTC) will hardfork to the new Lyra2RE algorithm at around 16th this month at block 208301, however we have reached the fork a bit earlier. So if you are mining VertCoin you should switch to the new Lyra2RE GPU miners and to pools that have already switched to the new algorithm. Some people have anticipated that after the fork the price of VTC will increase, but this did not happen as currently VertCoin is quite profitable to mine and sell directly and apparently a lot of people are doing exactly this resulting in exchange rate dropping. This is just the week day after the fork, so we should wait and see how the Lyra2RE fork will affect VTC – will it help the coin or on the contrary.
Vertcoin fork to Lyra2 RE
Block distribution - Remember to spread hashrate!
VTC mining polls with Lyra2RE support:
– Verters Pool
– SimpleMulti
– Coinotron
– CoinMine VTC
– Hashlink VTC
– CrunchPool VTC
– P2PPool VTC
White paper: https://vertcoin.org/downloads/Vertcoin_Lyra2RE_Paper_11292014.pdf
Our revolutionary new proof of work algorithm, designed to be ASIC resistant at its core, made its debut at block 208301. In addition, responding to calls from our miners, Lyra2RE has a ~15% power usage reduction on X11. Lyra2RE has replaced Scrypt-N, our previous proof of work and a Vertcoin innovation in itself, in order to defeat the ASIC miners that were released for it. The fork has successfully been carried out, once again making Vertcoin a decentralised, ASIC-free zone and fulfilling Vertcoin's promise to hard-fork if an ASIC threat becomes apparent, a promise which Litecoin made, but didn't deliver on.
Stealth Addresses
Stealth addresses are a way for a payer and a payee to have a private exchange of funds.
http://www.youtube.com/watch?v=dAUV5FvceM4
VertVerser
Spend Vertcoin wherever Bitcoin is accepted using VertVerser. Simply enter the Bitcoin address, send your Vertcoin and VertVerser does the rest. We accept that Bitcoin is going to be the primary crypto-currency for the foreseeable future and whilst we'd like to see this change, often you simply cannot avoid making a payment with Bitcoin. Thus, VertVerser allows you to spend your Vertcoin without having to exchange anything. Combined with services like The Crypto Depot, it is now possible to buy almost anything online with Vertcoin.
Getting started
Wallets
Linux (most pools):
Daemon (x86): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoind-v0.9.0.1-i386.zip
Daemon (x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoind-v0.9.0.1-amd64.zip
Qt (GUI)(x86): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-i386.zip
Qt (GUI)(x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-amd64.zip
Windows:
Qt (GUI)(x86): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-win-x86-upnp.zip
Qt (GUI)(x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-WIN64.zip
Daemon (x86): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoind-v0.9.0.1-win-x86-upnp.zip
Daemon (x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoind-v0.9.0.1-WIN64.zip
OSX:
10.8+: https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-osx.zip
Source:
https://github.com/vertcoin/vertcoin
Pool Software
P2Pool: https://github.com/metalicjames/p2pool-Lyra2RE
stratum-mining: https://github.com/metalicjames/stratum-mining-Lyra2RE
node-stratum-pool: https://github.com/sammy007/node-stratum-pool/tree/lyra2re
node-multi-hashing-pool: https://github.com/sammy007/node-multi-hashing/tree/lyra2re
Python Module: https://github.com/metalicjames/lyra2re-hash-python
Miners
AMD/ATI:
Windows sgminer x86: https://github.com/metalicjames/sgminer-Lyra2RE/releases/download/5.0.0-Lyra2RE-RC1/sgminer-v5-Lyra2RE-RC1-WIN32.zip
Linux sgminer x64: https://github.com/metalicjames/sgminer-Lyra2RE/releases/download/5.0.0-Lyra2RE-RC1/sgminer-v5-Lyra2RE-RC1-amd64-linux.zip
nVidia:
Windows ccminer x86: https://github.com/metalicjames/ccminer-Lyra2RE/releases/download/v1.0-Lyra2RE-RC1/ccminer-Lyra2RE-RC1-WIN32.zip
Linux ccminer x64: https://github.com/metalicjames/ccminer-Lyra2RE/releases/download/v1.0-Lyra2RE-RC1/ccminer-Lyra2RE-RC1-amd64-linux.zip
Technical Details:
Algorithm: Lyra2RE (Scrypt-N before block 208301)
Symbol : VTC
Max Coins: 84 million VTC.
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.
Merchants accepting VTC (there are many)
http://www.reddit.com/r/vertcoin/comments/2kgl3w/merchant_monday_october_27_2014/
Explorer
https://explorer.vertcoin.org/exp/
How To Mine
https://pool.verters.com/index.php?page=gettingstarted
Development Fund
If you wish to help further Vertcoin's development, we would really appreciate any donations you can make. Your donations were pivotal in getting Lyra2RE pushed as it allowed us to hire the people required for miner development. Please send what you can to this address:
– Verters Pool
– SimpleMulti
– Coinotron
– CoinMine VTC
– Hashlink VTC
– CrunchPool VTC
– P2PPool VTC
White paper: https://vertcoin.org/downloads/Vertcoin_Lyra2RE_Paper_11292014.pdf
Our revolutionary new proof of work algorithm, designed to be ASIC resistant at its core, made its debut at block 208301. In addition, responding to calls from our miners, Lyra2RE has a ~15% power usage reduction on X11. Lyra2RE has replaced Scrypt-N, our previous proof of work and a Vertcoin innovation in itself, in order to defeat the ASIC miners that were released for it. The fork has successfully been carried out, once again making Vertcoin a decentralised, ASIC-free zone and fulfilling Vertcoin's promise to hard-fork if an ASIC threat becomes apparent, a promise which Litecoin made, but didn't deliver on.
Stealth Addresses
Stealth addresses are a way for a payer and a payee to have a private exchange of funds.
http://www.youtube.com/watch?v=dAUV5FvceM4
VertVerser
Spend Vertcoin wherever Bitcoin is accepted using VertVerser. Simply enter the Bitcoin address, send your Vertcoin and VertVerser does the rest. We accept that Bitcoin is going to be the primary crypto-currency for the foreseeable future and whilst we'd like to see this change, often you simply cannot avoid making a payment with Bitcoin. Thus, VertVerser allows you to spend your Vertcoin without having to exchange anything. Combined with services like The Crypto Depot, it is now possible to buy almost anything online with Vertcoin.
Getting started
Wallets
Linux (most pools):
Daemon (x86): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoind-v0.9.0.1-i386.zip
Daemon (x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoind-v0.9.0.1-amd64.zip
Qt (GUI)(x86): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-i386.zip
Qt (GUI)(x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-amd64.zip
Windows:
Qt (GUI)(x86): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-win-x86-upnp.zip
Qt (GUI)(x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-WIN64.zip
Daemon (x86): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoind-v0.9.0.1-win-x86-upnp.zip
Daemon (x64): https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoind-v0.9.0.1-WIN64.zip
OSX:
10.8+: https://github.com/vertcoin/vertcoin/releases/download/v0.9.0.1/vertcoin-qt-v0.9.0.1-osx.zip
Source:
https://github.com/vertcoin/vertcoin
Pool Software
P2Pool: https://github.com/metalicjames/p2pool-Lyra2RE
stratum-mining: https://github.com/metalicjames/stratum-mining-Lyra2RE
node-stratum-pool: https://github.com/sammy007/node-stratum-pool/tree/lyra2re
node-multi-hashing-pool: https://github.com/sammy007/node-multi-hashing/tree/lyra2re
Python Module: https://github.com/metalicjames/lyra2re-hash-python
Miners
AMD/ATI:
Windows sgminer x86: https://github.com/metalicjames/sgminer-Lyra2RE/releases/download/5.0.0-Lyra2RE-RC1/sgminer-v5-Lyra2RE-RC1-WIN32.zip
Linux sgminer x64: https://github.com/metalicjames/sgminer-Lyra2RE/releases/download/5.0.0-Lyra2RE-RC1/sgminer-v5-Lyra2RE-RC1-amd64-linux.zip
nVidia:
Windows ccminer x86: https://github.com/metalicjames/ccminer-Lyra2RE/releases/download/v1.0-Lyra2RE-RC1/ccminer-Lyra2RE-RC1-WIN32.zip
Linux ccminer x64: https://github.com/metalicjames/ccminer-Lyra2RE/releases/download/v1.0-Lyra2RE-RC1/ccminer-Lyra2RE-RC1-amd64-linux.zip
Technical Details:
Algorithm: Lyra2RE (Scrypt-N before block 208301)
Symbol : VTC
Max Coins: 84 million VTC.
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.
Merchants accepting VTC (there are many)
http://www.reddit.com/r/vertcoin/comments/2kgl3w/merchant_monday_october_27_2014/
Explorer
https://explorer.vertcoin.org/exp/
How To Mine
https://pool.verters.com/index.php?page=gettingstarted
Development Fund
If you wish to help further Vertcoin's development, we would really appreciate any donations you can make. Your donations were pivotal in getting Lyra2RE pushed as it allowed us to hire the people required for miner development. Please send what you can to this address: