[ANN] Velocitycoin- Client Update 1.2.0- Important Update Immediately

[JohnDorien]

lol this coin must suck, seems like everyone is wanting to dump it as fast as they can

It's not the coin its the exchange that sucks. People seem to be misreading as "coindump" there. You can take any coin listed there, all going down (except ltc maybe)

[manfeel]

yes,sucking

[Last1212]

Just let dumpers dump. Coinedup is good it will distribute all coins among miners/traders on low prices before VEL appear on chinese exchanges. So dumpers couldn't dump there.

[funktrust]

LOL not sure why all my shares are getting rejected, only when mining this coin I keep getting shared rejected. (Share is above target) Any ideas?

[SpeedDemon13]

LOL not sure why all my shares are getting rejected, only when mining this coin I keep getting shared rejected. (Share is above target) Any ideas?

Can be many factors. Just recently I found out while I gpu and cpu mined with a quad core cpu with 2 gpus, I was running out of system resources and the "Share is above target" came up. I had 3 cpu cores mining and I changed it to 2 cores to mine, it fixed it. Another time, I had the intensity too high and/or worksize. You just got to troubleshoot whats the possible cause you think is causing it and try it.

To others out there, what are good setting to mine on VEL? I'm currently using I=11 and W=64 with 2x 6970's and 2x 5870's. I=18 was hashing fast, but shares was coming fast enough. Also, same with W=256, seems like 64 works better.

Is vcc.altexc.com the only pool mining?

[mattbigblue]

whaty is the reward per block atm? 20 VEC?

[Last1212]

whaty is the reward per block atm? 20 VEC?

Yes

[SpeedDemon13]

whaty is the reward per block atm? 20 VEC?

Yes, until 250,001, when it will be less.

Seems like the vcc.altexc.com pool estimates are really off for how many coins are going to be mined. Maybe 100 times off.

[mattbigblue]

currently with WU 2450kh/s You would mine 448.05 coins per day which makes it not profitable at all. I guess everyone will dump and move to new coin. Price will not increase because even with current price, people who were mining it first are getting sick ammounts of money well done!

[SpeedDemon13]

currently with WU 2450kh/s You would mine 448.05 coins per day which makes it not profitable at all. I guess everyone will dump and move to new coin. Price will not increase because even with current price, people who were mining it first are getting sick ammounts of money well done!

Wish I start when the rewards were high. LOL

It's not profitable at all at the moment. For a coin being rarer than LTC and 3x more than BTC, the going price rate is sad in comparison at coinedup...

Pools don't seem to get their estimation on coin output right and/or adjust for rewards changes, that doesn't help and misleads people, when they are only making 1/10th to 1/100th of the estimate, that's nothing close to the estimations they show on the pools...LOL

[mattbigblue]

Yeah I just find out about this coin when it hit coinedup and I'm scratching my head why I was not mining it.. Look, for first 5000 blocks with 2450kh/s and 2 diff(I don't know how it was while people were mining it) You would make 350$ a day with current price...

[SpeedDemon13]

Yeah I just find out about this coin when it hit coinedup and I'm scratching my head why I was not mining it.. Look, for first 5000 blocks with 2450kh/s and 2 diff(I don't know how it was while people were mining it) You would make 350$ a day with current price...

Only the early miners will be making the profits and all the late miner are losing profits or making minimal profits at the current exchange rate. More like $35 than $350, those estimations are way off on the mining pool for coin output per day.

[MijntjeGoud]

Does this coin also have a n factor? If so where can I find it?

[mattbigblue]

Yeah I just find out about this coin when it hit coinedup and I'm scratching my head why I was not mining it.. Look, for first 5000 blocks with 2450kh/s and 2 diff(I don't know how it was while people were mining it) You would make 350$ a day with current price...

Only the early miners will be making the profits and all the late miner are losing profits or making minimal profits at the current exchange rate. More like $35 than $350, those estimations are way off on the mining pool for coin output per day.

I never calculate reward based on pool estimates. I always do it manually based on variables with excel sheet and it's accurate

[SpeedDemon13]

Yeah I just find out about this coin when it hit coinedup and I'm scratching my head why I was not mining it.. Look, for first 5000 blocks with 2450kh/s and 2 diff(I don't know how it was while people were mining it) You would make 350$ a day with current price...

Only the early miners will be making the profits and all the late miner are losing profits or making minimal profits at the current exchange rate. More like $35 than $350, those estimations are way off on the mining pool for coin output per day.

I never calculate reward based on pool estimates. I always do it manually based on variables with excel sheet and it's accurate

You would think it would be simple to implement in the software for the pools, guess they are lazy to do it and worried about profits...lol....I calculated that I would only get 480 to 520 coins per day with 1700 kh/s, certainly not profitable. I'm better off mining LOT at the moment than VEL...LOL

[Last1212]

Yeah I just find out about this coin when it hit coinedup and I'm scratching my head why I was not mining it.. Look, for first 5000 blocks with 2450kh/s and 2 diff(I don't know how it was while people were mining it) You would make 350$ a day with current price...

Only the early miners will be making the profits and all the late miner are losing profits or making minimal profits at the current exchange rate. More like $35 than $350, those estimations are way off on the mining pool for coin output per day.

I never calculate reward based on pool estimates. I always do it manually based on variables with excel sheet and it's accurate

You would think it would be simple to implement in the software for the pools, guess they are lazy to do it and worried about profits...lol....I calculated that I would only get 480 to 520 coins per day with 1700 kh/s, certainly not profitable. I'm better off mining LOT at the moment than VEL...LOL

What about CPU mining? Is it profitable? Is scrypt-jane cpu friendly?

[SpeedDemon13]

Yeah I just find out about this coin when it hit coinedup and I'm scratching my head why I was not mining it.. Look, for first 5000 blocks with 2450kh/s and 2 diff(I don't know how it was while people were mining it) You would make 350$ a day with current price...

Only the early miners will be making the profits and all the late miner are losing profits or making minimal profits at the current exchange rate. More like $35 than $350, those estimations are way off on the mining pool for coin output per day.

I never calculate reward based on pool estimates. I always do it manually based on variables with excel sheet and it's accurate

You would think it would be simple to implement in the software for the pools, guess they are lazy to do it and worried about profits...lol....I calculated that I would only get 480 to 520 coins per day with 1700 kh/s, certainly not profitable. I'm better off mining LOT at the moment than VEL...LOL

What about CPU mining? Is it profitable? Is scrypt-jane cpu friendly?

Should be. Last two coins I mined with my cpus was TIX and CPR, both are Scrypt Jane. You just need to download the cpu miner for VEL.

[david1365]

Buy orders prices are very low, it's not real price

[VelocityCoin]

Yeah I just find out about this coin when it hit coinedup and I'm scratching my head why I was not mining it.. Look, for first 5000 blocks with 2450kh/s and 2 diff(I don't know how it was while people were mining it) You would make 350$ a day with current price...

Only the early miners will be making the profits and all the late miner are losing profits or making minimal profits at the current exchange rate. More like $35 than $350, those estimations are way off on the mining pool for coin output per day.

I never calculate reward based on pool estimates. I always do it manually based on variables with excel sheet and it's accurate

You would think it would be simple to implement in the software for the pools, guess they are lazy to do it and worried about profits...lol....I calculated that I would only get 480 to 520 coins per day with 1700 kh/s, certainly not profitable. I'm better off mining LOT at the moment than VEL...LOL

What about CPU mining? Is it profitable? Is scrypt-jane cpu friendly?

Should be. Last two coins I mined with my cpus was TIX and CPR, both are Scrypt Jane. You just need to download the cpu miner for VEL.

Yes link http://velocitycoin.com/forum/index.php?topic=102.0

Poll is live here. https://bitcointalk.org/index.php?topic=406855.0

[Last1212]

Guys, if you have QQ account, help VEL! Vote here http://www.guogao.com/vote (DDOSed now, please check it in several hours).