Bitcoin Forum

Alright, well here we go!

I found that GPU mining is very power consuming and costs a lot....welll CPU mining isn’t :-)
Mining VERIUM, is profitable and is absolutly CPU only, so break out your i7’s and let them mine some VRM.

https://portal.vericoin.info/

There is an active community, with the developers at Slack: https://vericoinandverium.slack.com

The coin can be traded on https://bittrex.com/ And is worth around $3,-

Vericoin is linked  to this and that has a staking wallet, very nice 👍

Try it, there are multiple pools and miners for windows, linux and osx.

Read up on it, give it a chance, around 10Kh/m get’s you one VRM a day :-)

*update 15-12-2017
I’m adding some pool sites to this post for verium, with their respective admins on slack, should you need help.

http://vrm.bitcoinemail.org Admin = @niteuser
https://beertendr.com Admin = @hillbillyhacker
https://www.poolium.win Admin= @NickN
https://pools.bloxstor.com Admin = @seion
https://vrm.poolsloth.com Admin = @senicar
https://vrm.mining-pool.ovh Admin = @mderasse
https://vrm.poolinat0r.com Admin = @testbug
https://vrm2.poolinat0r.com Admin = @testbug

What hashrate is supposed to be on i5/i7? And what is the profit for them?

Doesn't look worth it:

https://docs.google.com/spreadsheets/d/1chS5Ktd9Dy4fuFIjF0-osrxCxl1_U69s9tGWVYNk1jg/pubhtml

@Bullvied yes there is a miner in the wallet. However, when mining in a pool, you might want to use the miner the miningpool recommends. They all use the same miner. I myself use the miner from effectocause, all the options are mentioned at the pools.

@abudfv2008 an i5/i7 can be productive or power efficient in that matter. An i7 can reach around 2500 h/m, that will get you 1/4 of a coin, sort of in a pool.
But it depends all on if it is a laptop i7 of a pc. Also the generation of the CPU is important, with the instructions sets it has. The miners use the advantage of AES, AVX and AVX2

With CPU cores you can be able to mine the cheap coins but those coins will be profitable because of that price value in the chart. You can mine using minergate to mine with the 4 or 8 cores but choose accordingly. It may be slow down computer's other tasks run in your task manager. Best mining with the computer is GPU mining only because it will give a decent profit if you mine it with the multiple GPU cards.
Mining with the windows platform might crashed in the time of power cut but linux will not be crashed at any time.

But GPU mining is noisy ... ;-(
Love the silent of CPU mining with the Verium wallet ! The best One-Click mining wallet , you can easily choose the number of mining CPU-Core .

( Many months without crash under windows 10 )

Enjoy

The idea is, is that you do not mine coins with a CPU that are mineable with a GPU. Verium is NOT mineable with a GPU, therefor, this is ideal for people that don't have Big rigs with 1060's but with a gaming PC with a nice i5 or i7 in it. :)

BiblePay (BBP), CPU Mining Only coin

True, but this coin has a small value to it and is being traded with small volumes. Verium has a bigger potential right now and is very well mineable

actually I do not see many difference between Cryptonight algo - like monero, etn and this verium?
I mean in terms of money the cpu bring you when mining
so it there something special about verium why do I need to change? ))

The difference is Cryptonight and Scrypt2.....it's a different algo, memory intensive and all the tech stuff that you could ask on the slack channel, posted above.
Also, when a coin is GPU minable, the CPU become less effective in comparison......Verium can't be mined with a GPU....so the plain is even

The fact is correct about mining becoming less profitable when it is possible to mine a coin using gpu along with cpu. So, cpu mining will be around but I don't think it will superseed gpu mining opponents.

Well, you have to start somewhere and getting this ball rolling, is interesting. Because who says it can't have potential :)
Plus I know there are a lot of miners out there that are sweating their (redacted) off with GPU mining, while most CPU's are just almost idle....I smell potential haha

I bought myself a server with four CPU just for CPU mining.
Right now I am mining Credits which has OK profitability with CPU only mining.
Other options I have looked at is Yenten, Aeon and Verium.
There are also some cryptonight coins (good for both GPU and CPU).

You ca mine with CPU and GPU simultaneously and you still need a CPU to run GPU so why not mine with the CPU too?

i suggest you mine Electroneum with ur CPU. Thats what im doing :) Not getting much but my computer is always on anyway so might aswell :D 10 ETN / day. I think value will increase in the future.

If electroneum is minable you can mine with your computer but if you play with the loss and the cputer lagging with the CPU cores. We can mine the some cheap coins with the minergate and with the hllelp of your computer and GPU you have added to it too.
So avoid the CPU Mining and if you ready to invest your fund in the mining with the graphic cards means it is profitable now also.

CPU mining is kicking hash and taking coins.

Do you think it's easy to set up CPU mining on a GPU mining rig ? Or do you think the CPU mining running at the same time will decrease the overall efficiency of the GPU mining ?


Would you have a software to suggest to mine ETN ?  ;D

I've been mining Credits and Dynamic which are both cpu only coins and ive been getting good results.
Im going to check out this coin and see what results i get, hopefully its profitable

Seems like there are many coins which are CPU mineable only, which are decentralised in a good way!

Any list available to find all the new CPU mineable coins?? any channels/groups sharing this info across??

Also any upcoming less difficulty coins which are mineable by GPU??

Ryzen any good at this?

I've been working on CPU mining for a long time. I think it's for someone who does not have that much money for a very expensive graphics card and just wants to make a few bucks along the way, the easiest thing to do is run their PC. Unfortunately, there are not so many coins where you can really believe that you can earn something more than its electricity costs. I also found ROI https://bitcointalk.org/index.php?topic=2361848.0 (https://bitcointalk.org/index.php?topic=2361848.0) or Hodl https://bitcointalk.org/index.php?topic=1317918.0 (https://bitcointalk.org/index.php?topic=1317918.0) or Dynamic . I think that even with these CPU Coins maybe can not rich, but the next vacation or the small car is quite possible.

Sorry for my bad englisch ....

Guru


 

Okay, well a CPU has threads too, so an average i7 has 8 threads, you can set it up so it uses 7 threads, keep 1 thread available for any other stuff going on, including with mining

The thing is, those lists are well picked over, the coins on it are hard to mine now, due to the difficulty.
Verium is still very well mineable, but we are noticing an increase in interest and the community is growing.
If it is picked up by the mainstream miners, you will be too late!

Can you pls define what good results actually mean?

is it worth nowdays to combine several raspberry pi3 to mine?

No...proof of stake maybe...but not mining

In late 2015, I mined Monero with CPU. Then it was $ 0.2 and everyone told me it was not worth it. For a few months I mined and gave up. Now I have a beautiful couple hundred $ in Monero and I'm sorry that I gave up.

What level of profitability can be expected?

I assume it is profitable in terms of power consumption but the component cost of buying a machine means it is only intended for use by already owned systems.

What are the future price prospects for the coin?

thanks for info

Would you have a software to suggest to mine ETN ?  ;D

[/quote]

I'm using XMR STAK (cpu-only version, haven't had much luck w/ the new unified edition), mining ~8 ETN/day (using an AMD FX-4300)

In my opinion CPU mining is not good way to make money. GPU gonna be much better and more productive

Never give up if you believe in something...go with your instincts

I think mining with a CPU is not an effective form. I've also tried to exploit some altcoin with the CPU, but it's not profitable for me because the performance is not high. In my opinion, you can use GPU or some professional exploiting machine will bring more efficiency.

I think it depends on your circumstances and your goals. Some people, like myself, are looking to hold for medium/long term profits. If I had no way to GPU mine a coin I really believed in, I would be happy there's an option to get me in the game. In fact, that's pretty much how I started in crypto, and I'm happy I scraped together what I could before this year's series of price explosions. My GPUs are currently pointed @ BTG, and I mine ETN w/ that CPU because I want both in my portfolio without having to spend actual money.

Okay, so when everyone is using GPU’S the playingfield is levelled....unless you get a $500,= gpu....then you have a bit more......some have 12 per rig and so on.....right?

So what if people mine cpu only coins, read cpu only, so gpu will not work.
When you buy a 500,= CPU....You have a pretty big one, or you can buy 7 small ones, like xu4 odroids to mine....very efficient little buggers.

Don’t compare e them too much, cpu and gpu mining are different things.

tried to mine vericoin with pc and mac.
both mined no more tnan total zero.
not even one part of a million.

What if you have an older computer that has already paid off its value with its work, but is it still strong enough to be able to dig up some crypto currencies? Will you still use it for ordinary surfing and CPU mining or will you throw it off? Btw. soon come new projects for CPU mining such as JSEcoin and Nimiq.

I am mining on my home server which is always powered on anyways and I don't need all the CPU power for the server functions. So I just dedicate half of the CPU cores for mining. Yes it needs a bit more electrical power doing that but I earn more than the increased cost of the electricity. I also put one GPU in the server and together they earn more than all the power cost for the server.

vericoin is not mineable, that is a staking coin, you need to have some, to earn some......vericoin is mineable, preferably in a pool, unless you can get your hashrate above 30kh/m

I added some pools to the main post....and I’ll just stick em here too, haha.
Be sure to check the admins on Slack, should you need help!

http://vrm.bitcoinemail.org Admin = @niteuser
https://beertendr.com Admin = @hillbillyhacker
https://www.poolium.win Admin= @NickN
https://pools.bloxstor.com Admin = @seion
https://vrm.poolsloth.com Admin = @senicar
https://vrm.mining-pool.ovh Admin = @mderasse
https://vrm.poolinat0r.com Admin = @testbug
https://vrm2.poolinat0r.com Admin = @testbug

It's not effective. You will get CENTS.

I am seeing so much bad/incorrect information in this thread related to Verium Mining. I would like to clear up a few things as an experienced VRM miner.

1. Yes, an rpi is fine to mine with. A 3b will get you about 180h\m with a custom kernel and miner. (both are available in the slack) considering it only uses 3-4 watts it will be profitable, but don't expect to make thousands of dollars.
2. Buying hardware to mine verium is very profitable. (you have to know what to buy)  i have spent thousands of USD in the past several months on vrm mining hardware and it will get ROI in a few more months.
3. Mining in the verium vault is "Solo" mining and will take days or weeks to find a block with a normal computer.  it is recommended you have 15K h/m to solo mine verium.  Join a pool if your hash rate is low. To join a pool you need a command line interface miner like "cpuminer-opt" or "Effect2Cause Verium Miner" you can not pool mine from the vault as of now. (this is a planned upgrade/improvement)
4. You can use your everyday computer for verium mining, however anything older than 7-8 years may be questionable, give it a try and find out.  depending on the hardware you might notice a slow down or you may not.  If you do notice a slow down reduce the number of threads you are mining with.
5. Verium mining will not slow down your GPU mining as long as your allocate the correct number of threads to the GPUs.
6. You can mine Verium with your android cell phone.  install app "gnroot", install miner and start mining. (there is a you-tube video)


Here are some basic profitability #'s for bought hardware:
2U Server: Quad AMD 6276 with 32GB RAM (16 x 2GB) and a 64GB Thumb drive pulls about 650W and produces 12,400 H/m and cost $500 - $600
This generates about 1.5 VRM per day at current difficulty which is worth about $4.5 today.
it cost about $1.4 per day for electricity at $.09 kWh and 650W leaving me a profit of $3.1 per day.

ROI is 5 - 6 months.

I personally feel VRM is very undervalued and when the VRM/VRC binary chain is created their value will rise.

I'll give this a try. Thanks man!

So, have any of you stepped in, to try verium?

okay but you can also easily check your hashrates via hashrates.org and calculate the profit on the pools calculator of your favorite pool  ;)

True, and we have a document for Verium on Slack, that has a lot of different CPU's with Memory configs on it, including what OS....yes Linux gives a 20% boost on average, comparing it to windows.
Just type !hashcomp in any of https://vericoinandverium.slack.com/ channels