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, and Lyra2reV2 after discovering a botnet. 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.

Our primary innovations

Current hashing algorithm: Lyra2REv3

Old 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.



Getting started

Wallets

Vertcoin core- https://github.com/vertcoin/vertcoin/releases


https://github.com/vertcoin/electrum-vtc/releases/




Source:

https://github.com/vertcoin/vertcoin

Pool Software

P2Pool: https://github.com/vertcoin/p2pool-vtc/releases/tag/v0.0.1-rc2
stratum-mining: https://github.com/Crypto-Expert/stratum-mining


Miners

AMD/ATI:

https://github.com/nicehash/sgminer/releases

nVidia:

https://github.com/sp-hash/ccminer/releases

CPU:

https://github.com/tpruvot/cpuminer-multi/tree/linux

Technical Details:

Algorithm: Lyra2REv3 Max Coins: 84 million.
Block time: 2.5 minutes
Subsidy halves every 840,000 blocks (~4 years)
Difficulty Re-Target Time: Every block with KGW algorithm
Block Rewards: 25 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/


Pools

P2Pool Node Scanner http://scanner.vtconline.org

It is recommended that you mine on P2Pool as it helps to decentralize the network, there are often no fees and no account is required.

Dev-run p2pool node http://pool.vtconline.org
Give Me Coins http://give-me-coins.com/vertcoin-pool
Mining Pool Hub https://vertcoin.miningpoolhub.com/
Coinotron https://www.coinotron.com/app?action=ChartNoLogon&span=0&type=C&name=VTC
List of p2pool nodes https://bitmakler.net/mining_VertCoin-VTC__pools
Always Hashing p2pool http://vtc.alwayshashing.com:9171/static/
ZPool https://www.zpool.ca

Exchanges

Shapeshift: https://shapeshift.io
Poloniex: https://poloniex.com/exchange#btc_vtc
Bittrex https://bittrex.com/Market/Index?MarketName=BTC-VTC
LiteBit.eu: https://www.litebit.eu/en/buy/vertcoin



Explorers
Dev-run block explorer http://explorer.vtconline.org
Bitinfocharts https://bitinfocharts.com/vertcoin/
vertcoin.info http://explorer.vertcoin.info/
bchain.info https://bchain.info/vtc/

How To Mine
Windows Nvidia- https://www.youtube.com/watch?v=bQw64NLydwY
Windows AMD video- https://www.youtube.com/watch?v=blOXZnIoigU&feature=youtu.be
Windows AMD text- https://pastebin.com/g6hYJzHR
Ubuntu AMD - https://pastebin.com/Db3Q8GbL
Ubuntu Nvidia - https://www.youtube.com/watch?v=XdWr9pB5p_Q

Setup your own p2pool

Windows guide :
video : https://www.youtube.com/watch?v=InQ3sWkrirw
text guide: https://gist.github.com/veqtrus/e2b7c34d9c8b3ad285209ae1b13ca2b2

Ubuntu guide:
video: https://www.youtube.com/watch?v=DBwuCALkf1U

Active Developers & Team

Jamesl22 / Zemrys: / Etang600 / Jk_14 / Gert-jaap / PKnight / Turekaj / CryptoPlankton


Contact


discord: https://discord.gg/vertcoin
twitter : https://twitter.com/Vertcoin
reddit : http://www.reddit.com/r/vertcoin/
IRC : #vertcoin on freenode

We are waiting for Segwit activation in the new house.
The Right Step 

Third thread is the charm...

 

I think it's just hyperbole to get people to update, but maybe miners could get screwed if they don't update?

Well after we reach the 75% threshold the new rules will activate and old version blocks will start to be orphaned, so there is a danger of coin loss if you don't upgrade your wallet. This is the release with the correct code.

Softfork means it is backwards compatible with old wallets. So are we hardforking (not compatible with old wallets) instead of softfork now?

Exchanges have been contacted. Polo said they would update

Old wallets will continue to sync with the chain and be able to issue transactions but newly generated blocks coming from old wallets (ie blocks with nVersion 4 or less) will no longer be accepted as valid after activation. This is the same behavior as Bitcoin/Litecoin.

Please tell me whether to buy now the coin and whether the pump?  

The warning is for everybody. Like James said If exchanges,miners, and pools are using old wallets they will continue to sync with the chain and be able to issue transactions but newly generated blocks coming from old wallets (ie blocks with nVersion 4 or less) will no longer be accepted as valid after activation. This is the same behavior as Bitcoin/Litecoin. In short you could be getting blocks or coins on the old wallet , but if you transfer them to a new wallet they would be rejected, hence how you could loose coins.