Vertcoin (VTC) Scrypt-Adaptive-Nfactor cryptocoin

5 Feb
2014

vertcoin-alternative-crypto

Vertcoin (VTC) strengthens the distributed nature of crypto currencies with its innovative approach. It’s ASIC resistant, Multipool resistant and Rare. Vertcoins algorithm has been designed to resist the development of custom mining hardware, and multipool mining ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. Vertcoin does not use SHA-256 or the typical Scrypt algorithms, making it another very interesting alternative to BTC and LTC. Vertcoin (VTC) is already generating a lot of hype, so the exchange rate will probably explode since the addition of this crypto currency at Cryptsy.

Website
– http://vertcoin.org/

Block Explorer / Crawler
– http://explorer.vertcoin.org/

Specifications

  • Algorithm: Scrypt-Adaptive-Nfactor (Not scrypt-jane)
  • Max Coins: 84 million vertcoins.
  • Block time: 2.5 minutes
  • Subsidy halves every 840,000 blocks (~4 years)
  • Difficulty Re-Target Time: 3.5 days
  • Block Rewards: 50 coins per block

DOWNLOADS
– Windows
– Mac

Source Code
– at GitHub

POOLS
https://vert.bitcrush.info/
http://ecurie.io/
https://vtc.pool.pm/
http://eu.vertcoin.org/
http://la.vertcoin.org/
http://ny.vertco.in/
http://vtc.coinsprofit.com/
https://vertcoinheavyindustries.com/
http://vtc.kilovolt.co.uk/
http://vertco.in/
https://vtcpool.co.uk/
http://vtc.poolz.net/
http://vtc.coinvention.net/
http://vtc.coinardia.com/

EXCHANGES
– Bittrex
– Yobit
– CoinEgg

New Higher Bitcoin Difficulty For the Next 2016 Blocks

5 Feb
2014

new-bitcoino-dfficulty-increase-chart

The Bitcoin Difficulty has just gone to 2,621,404,453 up from 2,193,847,870 or with other words we have an increase of 19.49%. It is interesting to note that the increase of difficulty this time is the lowest in terms of percentage than the increase of the previous five times. So less than 200% is not bad at all for the moment, giving us some more time before the Terahash ASICs start appearing on the market and the difficulty starting to grow at a much higher pace. Luckily we’ll probably have another difficulty increase before users start receiving their pre-ordered THS ASIC devices and we are probably looking at another 20-25% for the next difficulty increase.

– Bitcoinwisdom is a good place to keep a track on Bitcoin difficulty…

Testing Butterbot, an Automated Bitcoin Trading Bot (day 5)

5 Feb
2014

butterbot-btce-day-5

The 5th day of our Butterbot automated Bitcoin trading bot has passed and it is time to see what has happened in the last 24 hours. On the BTC-e exchange we got another trade, as a result we now have 0.03 BTC + 1.06 USD balance instead of just 25.2104 USD. It was again a slow day with nothing that significant happening on the market to give us some more trades.

butterbot-mtgox-day-3

This is the third day since we also started testing the Butterbot on the MtGox exchange,however in the last 24 hours the market activity on MtGox wasn’t anything special either, so no trades were executed by the bot and our balance remains at 37.37 USD. With these stable markets it is hard to make cash from trades, especially if you are not very aggressive and trade with a high risk and this is not something we want to do. We are up for another 24 hours before the next report, however so far we are not very pleased with the results we are getting from the trading bot, though that does not mean that the bot is not good. We are nearing to our final conclusion at the end of the 7 day trial and for already a few days of trading and us getting familiar with the automated trading bot, the settings and the trading options we are still not that happy with the actual trading that it does so far and we are already looking into other alternatives to try next.

– To read more about the Butterbot automated BTC trading bot and our day 1 experience…
– To read more about the Butterbot automated BTC trading bot and our day 2 experience…
– To read more about the Butterbot automated BTC trading bot and our day 3 experience…
– To read more about the Butterbot automated BTC trading bot and our day 4 experience…

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