[ANN] Viacoin (VIA) - Safe | Segwit | Lightning Network | Auxpow | Fast

[Asimmo]

He has been a source of meme jokes untill now and I guess meme amounts and quality will increase due to vacation postponement..

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[romanornr]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

[KindHearted]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

[berron]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

I think I know the answer of the last one. VIA is merged mining with litecoin, so hashrate down to almost 0 seems to be difficult. Correct answer, romanornr?

[grv]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

[Jonesd]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.

[AshCoins]

Wait so there's a .3125 reward per VIA being distributed?  I own some VIA how will I get my reward?  I have it at Polo currently.

[JoostB]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.

I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
 

[JoostB]

Wait so there's a .3125 reward per VIA being distributed?  I own some VIA how will I get my reward?  I have it at Polo currently.

When you solve a block you will get the reward of 0.3215 VIA, with the current difficulty there is very little chance for a solo miner to solve a block, even with a very large ASIC miner it will take a lifetime.
 

[Gelbstich]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.

I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
 

Of course all the transaction fee goes to the miner who solved the block.

[romanornr]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.

I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
 

I can only wish it was send to my address
But no, all the miner rewards goes to the miners. Like it should.

[AshCoins]

Wait so there's a .3125 reward per VIA being distributed?  I own some VIA how will I get my reward?  I have it at Polo currently.

When you solve a block you will get the reward of 0.3215 VIA, with the current difficulty there is very little chance for a solo miner to solve a block, even with a very large ASIC miner it will take a lifetime.
 

Oh got it thanks.  I thought there was a payout for holding didn't realizing they were talking about mining. 

[Convery]

When do we signal segwit . I Invested 20,000 USD more into Viacoin as the code is strong and I believe that the dev would be able to take the development forward .

[joshvdk]

When do we signal segwit . I Invested 20,000 USD more into Viacoin as the code is strong and I believe that the dev would be able to take the development forward .

He can't do anything till wang chun messages him back he is currently on a vacation have some patience

[Convery]

When do we signal segwit . I Invested 20,000 USD more into Viacoin as the code is strong and I believe that the dev would be able to take the development forward .

He can't do anything till wang chun messages him back he is currently on a vacation have some patience

Yeah I have patience , so I can wait

[JoostB]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.

I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
 

Of course all the transaction fee goes to the miner who solved the block.

Maybe I'm mistaken but I always thought that transaction fee and miner rewards are two totally different things, and that miner rewards are created out of thin air, otherwise how can there be coin inflation?

Of course you can program this in every way you want, to know what is really going on you have to examine the source-code in detail and that is something I never did.    

[Jonesd]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.

I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
 

Of course all the transaction fee goes to the miner who solved the block.

Maybe I'm mistaken but I always thought that transaction fee and miner rewards are two totally different things, and that miner rewards are created out of thin air, otherwise how can there be coin inflation?

Of course you can program this in every way you want, to know what is really going on you have to examine the source-code in detail and that is something I never did.    

Hoi Joost (you're Dutch right?)

That assumption is correct. I would recommend to read up a bit on it, because you're really asking very basic questions which are just a matter of putting a little bit of effort in (being inquisitive is good as long as your questions are about insight, otherwise it just seems a bit lazy). I would recommend reading this article on transaction fees: https://blog.blockchain.com/2016/12/15/bitcoin-transaction-fees-what-are-they-why-should-you-care/ (If you end up not being Dutch, I'm sorry for being so direct )

[samuraijin]

Big advantage when holding a big bag for VIA coins since a few weeks ago but I've sold it and re-bought some now for long-term investment.

[JoostB]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.

I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
 

Of course all the transaction fee goes to the miner who solved the block.

Maybe I'm mistaken but I always thought that transaction fee and miner rewards are two totally different things, and that miner rewards are created out of thin air, otherwise how can there be coin inflation?

Of course you can program this in every way you want, to know what is really going on you have to examine the source-code in detail and that is something I never did.    

Hoi Joost (you're Dutch right?)

That assumption is correct. I would recommend to read up a bit on it, because you're really asking very basic questions which are just a matter of putting a little bit of effort in (being inquisitive is good as long as your questions are about insight, otherwise it just seems a bit lazy). I would recommend reading this article on transaction fees: https://blog.blockchain.com/2016/12/15/bitcoin-transaction-fees-what-are-they-why-should-you-care/ (If you end up not being Dutch, I'm sorry for being so direct )

You are right in stating that I'm Dutch.

What I mean that things holding for Bitcoin doesn't necessarily have to hold for another coin like VIA.
It is not very difficult to build a coin by slightly modifying bitcoin core and give the coin a totally different behavior, everybody with basic understanding of C++ and public key cryptography can do this. The only way to determine how a coin really works is by examining the source of the specific coin, and yes I'm too lazy to do this because it doesn't interest me enough.

  

[Jonesd]

Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA

So when will we hit 23million?
And what happens next? Hashrate down to almost zero?

you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc

In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.

I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
 

Of course all the transaction fee goes to the miner who solved the block.

Maybe I'm mistaken but I always thought that transaction fee and miner rewards are two totally different things, and that miner rewards are created out of thin air, otherwise how can there be coin inflation?

Of course you can program this in every way you want, to know what is really going on you have to examine the source-code in detail and that is something I never did.    

Hoi Joost (you're Dutch right?)

That assumption is correct. I would recommend to read up a bit on it, because you're really asking very basic questions which are just a matter of putting a little bit of effort in (being inquisitive is good as long as your questions are about insight, otherwise it just seems a bit lazy). I would recommend reading this article on transaction fees: https://blog.blockchain.com/2016/12/15/bitcoin-transaction-fees-what-are-they-why-should-you-care/ (If you end up not being Dutch, I'm sorry for being so direct )

You are right in stating that I'm Dutch.

What I mean that things holding for Bitcoin doesn't necessarily have to hold for another coin like VIA.
It is not very difficult to build a coin by slightly modifying bitcoin core and give the coin a totally different behavior, everybody with basic understanding of C++ and public key cryptography can do this. The only way to determine how a coin really works is by examining the source of the specific coin, and yes I'm too lazy to do this because it doesn't interest me enough.

  

Happy you're Dutch, so I could be direct

You can ultimately find the mechanism when looking at the main.ccp file in the source: https://github.com/viacoin/viacoin/blob/master/src/main.cpp

I think this is the main interesting part:

Code:

 } else if (nHeight <= (zeroRewardHeight + 10800)) {
        // first 10800 block after zero reward period is 10 coins per block
        nSubsidy = 10 * COIN;
    } else if (nHeight <= rampHeight) {
        // every 10800 blocks reduce nSubsidy from 8 to 6
        nSubsidy = (8 - int((nHeight-zeroRewardHeight-1) / 10800)) * COIN;
    } else if (nHeight <= 1971000) {
        nSubsidy = 5 * COIN;
    } else { // (nHeight > 1971000)
        int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
        // Force block reward to zero when right shift is undefined.
        if (halvings <= 64) {
            nSubsidy = 20 * COIN;
            nSubsidy >>= halvings;
        }
    }