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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Piston Honda
Legendary
 Offline
Activity: 2702
Merit: 1064
Juicin' crypto
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August 15, 2016, 04:28:38 AM |
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v-whatever you want they're all shit and going NOWHEEEEEEEEEEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRRRRRRREEEEEEEEEEE
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$ADK ~ watch & learn...
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MAD945
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August 15, 2016, 05:05:07 AM |
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v-whatever you want they're all shit and going NOWHEEEEEEEEEEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRRRRRRREEEEEEEEEEE
Hey how's WBB going for ya? Oh yeah nooooooooooooowheeeeeeeeeeeeeeeeerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrreeeeeeeeeeeeeee eeeeee  |
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Wilhelmer
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August 15, 2016, 11:12:53 AM |
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Thanks! Enlightened indeed.  |
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DARKHOLDER
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August 15, 2016, 07:39:47 PM |
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When is the Verium phrase 2 ICO ending?
the same question..  |
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effectsToCause (OP)
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August 15, 2016, 10:18:55 PM |
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Hi guys, here is the Blocktime calculation breakdown: The blocktime is dependent on the difficulty. The difficulty in Verium is an automatically adjusting exponential factor that is dependent on the difference between the actual blocktime and the targeted blocktime. So as computational power grows the blocktime speeds up and the difficulty adjusts exponentially to match the computational power to the target blocktime. In Verium however, the target blocktime is also changing, so this ends up smoothing the effective difficulty. The difficulty and the variable blocktime are a counterbalance to one another, resulting in a more organic, smooth and incremental difficulty adjustment as the computational power grows. This can greatly extend the profitability of CPU mining combined with the reward adjustment scheme. Additionally this can potentially decrease incentive for pooling, because solo-mining can be more profitable and result in a more predictable return on time devoted to solo-mining. Another key factor is the security enhancement of this variable blocktime paradigm. Any competing chain that has less computational power will calculate a slower blocktime for it's chain, this results in nodes reconnecting automatically to the chain with the largest block height, which will always have the most computational power and fastest calculated blocktime. So there is no risk that the longer chain has less power and the computational power consensus is always maintained in totality. The blocktime calculation is logarithmic so to better intuit how this works, I've plotted it both linearly and logarithmically. As you can see, as the consensus is getting off the ground it quickly speeds up and dampens difficulty, but dampens it only as the security is acceptable for such an effect. It can also slow in the case of a reduced computational power. The blocktime is calculated with this equation: blocktime (sec) = -13.03*log(difficulty)+180  |
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Piston Honda
Legendary
Offline
Activity: 2702
Merit: 1064
Juicin' crypto
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August 16, 2016, 04:45:05 AM |
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v-whatever you want they're all shit and going NOWHEEEEEEEEEEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRRRRRRREEEEEEEEEEE
Hey how's WBB going for ya? Oh yeah nooooooooooooowheeeeeeeeeeeeeeeeerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrreeeeeeeeeeeeeee eeeeee hey monkey oh shit you got me bro. hey i didn't bring it up, you did. i guess you don't like wbb, that's cool.....must suck you don't want to be a part of something huge that's actually GOING to see results and make ppl money lol. i been buying since it was fucking peanuts and am up in the hundreds of %....damn i'm crying! lmao. - hrm, price is way up, it doesn't dump and the tech is improving monthly. lol it has 10x more going for it than veri-any-fucking-thing since veri got fucked over a year ago bigtime and cannot recover, thus this 'new plan' for VERICUM oh wow....look another means to offload vericoin and get more suckers btc. sad but sure, go for it. lol! |
$ADK ~ watch & learn...
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MAD945
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August 16, 2016, 05:33:31 AM
Last edit: August 16, 2016, 05:51:55 AM by MAD945 |
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v-whatever you want they're all shit and going NOWHEEEEEEEEEEEEEEEEEEEEEEEEEEERRRRRRRRRRRRRRRRRRRRRRRREEEEEEEEEEE
Hey how's WBB going for ya? Oh yeah nooooooooooooowheeeeeeeeeeeeeeeeerrrrrrrrrrrrrrrrrrrrrrrrrrrrrrreeeeeeeeeeeeeee eeeeee hey monkey oh shit you got me bro. hey i didn't bring it up, you did. i guess you don't like wbb, that's cool.....must suck you don't want to be a part of something huge that's actually GOING to see results and make ppl money lol. i been buying since it was fucking peanuts and am up in the hundreds of %....damn i'm crying! lmao. - hrm, price is way up, it doesn't dump and the tech is improving monthly. lol it has 10x more going for it than veri-any-fucking-thing since veri got fucked over a year ago bigtime and cannot recover, thus this 'new plan' for VERICUM oh wow....look another means to offload vericoin and get more suckers btc. sad but sure, go for it. lol! Your so clever VERICUM....lol we may need to higher some porn stars to advertise with our marketing budget, maybe we can shoot a VERICUM porno. Actually you know what I want you in the porno! Whats your lowest number? $50? You do bare back? I will pay you in Wilderness Homobear Bucks, it'll be great! Hey guys! We're making a porno!!! |
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MAD945
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August 16, 2016, 01:32:35 PM |
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The fuck??
Sorry I was drinking last night lol |
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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August 16, 2016, 02:50:45 PM |
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2 days left |
_@/'
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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August 16, 2016, 02:57:12 PM |
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What is the latest update on the ICO? It seems end in few days/hours. Did you get word from any exchange? What are your initiatives for VRM after ICO?
A brief overview of current development plans: -Once the ICO ends, we can prepare the mainnet and mine the correct required VRM from the ICO. -Then after the ICO funds are mined, we will run the mainnet privately with a block reward of zero until all the ICO funds are sent to their respective addresses -After all the funds have been disbursed we will open the mainnet up to the public and start the blocktime-dependent reward scheme. -Then mining will begin -We will be working with either poloniex, bittrex or both to support a VRC/VRM market pair. The VRM/BTC pairs will be up to the exchanges to add at their own discretion. -Once this market pair is up we will add VRM/VRC swap functionality to the Verium and VeriCoin wallet. -After the Verium network has stabilized we will release a new VeriCoin wallet that accepts Verium blocks as part of it's consensus, then as Verium picks up steam so too does the currency in security, transaction speed and scalability. |
_@/'
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MAD945
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August 16, 2016, 03:44:11 PM |
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What is the latest update on the ICO? It seems end in few days/hours. Did you get word from any exchange? What are your initiatives for VRM after ICO?
A brief overview of current development plans: -Once the ICO ends, we can prepare the mainnet and mine the correct required VRM from the ICO. -Then after the ICO funds are mined, we will run the mainnet privately with a block reward of zero until all the ICO funds are sent to their respective addresses -After all the funds have been disbursed we will open the mainnet up to the public and start the blocktime-dependent reward scheme. -Then mining will begin -We will be working with either poloniex, bittrex or both to support a VRC/VRM market pair. The VRM/BTC pairs will be up to the exchanges to add at their own discretion. -Once this market pair is up we will add VRM/VRC swap functionality to the Verium and VeriCoin wallet. -After the Verium network has stabilized we will release a new VeriCoin wallet that accepts Verium blocks as part of it's consensus, then as Verium picks up steam so too does the currency in security, transaction speed and scalability. Wow! That's a lot of work, no wonder they didn't have anytime to do any marketing! We definitely have the hardest working devs  |
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Cryptonitex
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August 17, 2016, 03:57:39 AM |
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What is the latest update on the ICO? It seems end in few days/hours. Did you get word from any exchange? What are your initiatives for VRM after ICO?
A brief overview of current development plans: -Once the ICO ends, we can prepare the mainnet and mine the correct required VRM from the ICO. -Then after the ICO funds are mined, we will run the mainnet privately with a block reward of zero until all the ICO funds are sent to their respective addresses -After all the funds have been disbursed we will open the mainnet up to the public and start the blocktime-dependent reward scheme. -Then mining will begin -We will be working with either poloniex, bittrex or both to support a VRC/VRM market pair. The VRM/BTC pairs will be up to the exchanges to add at their own discretion. -Once this market pair is up we will add VRM/VRC swap functionality to the Verium and VeriCoin wallet. -After the Verium network has stabilized we will release a new VeriCoin wallet that accepts Verium blocks as part of it's consensus, then as Verium picks up steam so too does the currency in security, transaction speed and scalability. Wow! That's a lot of work, no wonder they didn't have anytime to do any marketing! We definitely have the hardest working devs Some good shit is about to come |
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Arvydas77
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August 17, 2016, 01:35:28 PM |
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Take my part in Verium ICO  |
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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August 17, 2016, 01:46:37 PM |
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Take my part in Verium ICO Thanks for participating! |
_@/'
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souljah1h
Legendary
Offline
Activity: 1092
Merit: 1000
Hyperspace snail
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August 17, 2016, 01:50:00 PM
Last edit: August 19, 2016, 02:08:41 AM by souljah1h |
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NOTICE
If you are a Top 250 VRC holder, you need to stake between July 20 and August 19 to recieve your reward. Reward will be 1 VRM for every 500 VRC you hold in your wallet.
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_@/'
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