Experimentation is part of BitcoinV mining. Mining at x32 is 32 times more difficult than x1. If you mine about 32 blocks every hour, expect about 1 per hour if you change the multiplier to x32. The early miners should really try and mine high reward blocks, but the current difficulty is too high, try lowering the difficulty level before mining really high multipliers. (Yes, you can lower the difficulty).

Thanks! Happy to hear!

The coin is still young and unknown. The multiplier option not only gives variable block rewards, but can create a more decentralized form of Bitcoin by incentivizing SOLO miners to keep trying to mine for a very large block reward.  As mentioned earlier, take advantage of boosting the block multiplier while few miners are mining. Once many more miners come onboard it will be more difficult to mine the larger block rewards.

The difficulty level adjustment algorithm does not prevent a miner from mining blocks at a very fast rate, it only tries to adjust the difficulty over time to try and maintain 6 blocks per hour. It will never get an exact 6 blocks per hour.

The multiplier makes it harder to mine blocks. It you are mining at x1 and find B blocks per hour, you would expect to find B/2 blocks per hour if mining at x2 with the same difficulty level.

There is an incentive to mine for a multiplier of at least x32: (2^5). Take a look at the code and you see some extra mining power added to make it a little easier for you to mine
https://github.com/bitcoinVBR/bitcoinV/blob/master/src/variable_block_reward.cpp

BitcoinV is 99.9% the same code as Bitcoin. I always mine using the linux qt wallet and this:

https://github.com/zone117x/node-stratum-pool

Try and use the node-stratum-pool above on windows and see if your asic miners can mine using the Windows qt wallet, it should work.

You can decrease the difficulty by setting the multiplier to a higher value such as x512. The miners on your pool will find fewer block (with larger rewards); this will cause the difficulty level to start dropping. You could try and repeat this strategy by putting the multiplier to x2048. The rewards will get larger and fewer blocks will be found; this will cause the difficulty to drop again. At some point you are challenged by other miners who start rising the difficulty level and force you to try a different multiplier to try and optimize your rewards. Remember, the system is trying to maintain 6 blocks per hour; whether they are paid at 50BTCV or a much higher amount is up the miners. It is a game of greed (GoG).

Also, it may be beneficial to buy some BTCV on Graviex right now and then start mining.

https://graviex.net/markets/btcvbtc

Of course it works. As the block reward increases, so does the time to mine a block. Check out some nice LOTTO winnings in the block explorer, here is one:

http://explorer.bitcoinv.org/block-height/12102

Over 1 million BTCV mined! This was much easier because the difficulty was low.

There is a trick for the early miners like yourself, If you let the difficulty level drop low, you can then pump up the hashrate to 1PH/s and put the multipler to 32768. You will get huge rewards. As miners start coming onboard, this will have to be done by increasing the hash power; it will be impossible  to tell everyone to stop mining to drop the difficulty in the future. Mine as many large blocks as you can right now.

The config file option has been integrated a long time ago. Look at the command line options and you will find:

setvbrmultiplier=<n>

Set the Variable Block Reward (VBR) multiplier for mining. Value <n> will automatically be rounded to the nearest lower power of 2

If you want to mine for x512 for a 50BTCVx512=25600BTCV per block reward then add this line to the bitcoin.conf file:

setvbrmultiplier=512

Pool operators are free to setup the multiplier in anyway they choose. The GUI pull down menu works well, there is also an RPC call that can be made at runtime. If the community wants a configuration file option to modify the Block Multiply, we can code this feature.

Greeting XJO lovers, I have taken an interest in this project thanks to IMZ, was having a bit of trouble building the joulecoin wallet so I created a fork on github and applied the following small fixes:

https://github.com/Shinoa-Fores/joulecoin/commit/c2983f8d6a74fca82a7581dd34275e869d17a94c

https://github.com/Shinoa-Fores/joulecoin/commit/84d7651604b4c2752722f4628af26571327f35cb  #only necessary for linux users using hardened+nomultilib kernels, but compiler warnings can safely be ignored.

These allowed me to build a wallet from source using gcc version 7.3.0 on Gentoo linux. It complains during the `./configure` step because I use LibreSSL, but will still compile using the `--with-libressl` flag, though this is also a simple enough fix, and I may publish the changes to github if anyone requests.

All in all a nice altcoin. I look forward to experimenting with it more with IMZ. 

Updated it, want me to announce it on our other channels?

Updated it, want me to announce it on our other channels?