[ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released

[pnosker]

snip (pool.vericoin.info), don't bother it's not worth it. Experimented by pointing a 1Th/s sha-256 miner at it for 24 hours and got $1.50 usd (5.63 vrc) worth of vericoin. snip

Yep I tried that too - 1Th Sha256 for 21 hours on the 27th/28th - totalled 33 VRC so far

nowhere near as profitable - BTC mining woulda generated 0.0318 but I only got 33 VRC = 0.01425 @ 43k
even at 55k its still only 0.01815

However there are still payments trickling in 3 days later - so results - not conclusive - but id be surprised if I get another 20+vrc

I have noticed the same thing. Point my lowly rigs at the x11 for a couple of days and I have still been seeing tons of little transactions (and no it is not the stake). It has been a week later and still have some.

Some clarification would be nice how it works

There are a lot of questions regarding the pool. We've been tweaking it as it's still in Alpha right now many times and there have been a few bugs that we have fixed. So please-- if this is your income, don't use it.

It is, however, quite profitable over time. It operates differently than other multipools. Instead of paying out every night, we pay out a portion of each block we hit and reserve a portion for the OBA. Instead of daily payouts, we pay out per block. But only if you've earned 1 VRC (sometimes it decides to be less lenient and will pay when 0.2 VRC is earned, for example). Then the payments trickle out over time as the OBA buys when it decides it's a good opportunity-- especially during dumps.

So, If you want a really accurate number for profitability, it's not possible to give you one. But in my experience mining SHA-256 and SCRYPT for a day then stopping, I am getting at least 20% more than mining at TradeMyBit.

It works oddly compared to conventional multipools, but that's how we can buy VRC at good prices.

[Fippy]

QUESTION for the longs:

Do you see VRC getting into the 3-5.00 range and why?

Warrenty + Utility = VALUE.

Warrenty = Devs transparency and hard work meeting deadlines. Keep it lasting and alive so I can keep using it.

Utility = all the features such as veribit, verisend all incorporated in a cetralized place such as the wallet.

This coin will beat litecoin IMO.

and yes I am ITIL certified.

WHY I ASK:

It seems "to me" very evident VRC's tech bundle is far superior
and therefore way undervalued.
Sure DRK was first, is "catchy" in name and always will be the one that broke through...
BUT I'm wondering why I ave not heard of it on all the Bitcoin Promoters on YouTube.

DOGE had a great marketing campaign which got the word out.
Maybe more than was warranted...

Let's face it.
LTC, PPC, NMC are dying as well as volume on BTC-e.

The market is speaking and anon is listening.
I do hope VRC continues it's innovative pace and continually updates it's anon features.
IF they do there's no reason it cannot gain it's rightful market cap position.

This is my analysis but want to see what else people think...

Let's face it. For all intents and purposes, for at least the foreseeable future, Bitcoin will be king. This is due to infrastructure, and practical applications. Altcoins have been created for many reasons, most are pump n dump failures, but some attempt to innovate. Most altcoins are still largely useless in and of themselves. In order to make use of them, you have to transfer to an exchange, trade and whatever market might be, then go spend Bitcoin. Only a handful have any spendability beyond that.

Vericoin is different in that one key aspect, it is immediately usable with less fuss. Less fuss also means a higher likelihood of large scale adoption. Also, with low inflation, there isn't likely to be massive constant sell pressure from miners dumping. The devs are visible, reachable, and active...and about as transparent as anything in crypto ever comes.

It's not that Vericoin has a single key feature that makes me think it's a long term holder destined for LTC price levels, its the combination of everything into a near perfect storm. Litecoin often advertised itself as the silver to Bitcoin's gold. But it was largely due to just being biggest first. Vericoin can be used anywhere Bitcoin can...making it more a silver to gold than Litecoin ever was.

[zak9494]

I mined on pool.vericoin.info for 27 hours 3 days ago and never received a payment. How does the pool work? Each time I checked on it, it would say I would have one share and then later check again and go back to 0 and this happened multiple times. Never went above one share. I was mining X11. I was mining at 14,000 Mh/s.
My address was correct I doubled checked it and also simply copy and pasted it into the conf file so thats not the issue.
My address is VP94abeifQ5KBhyymAXXtCEVB4E4doQwh4

[lootz]

I mined on pool.vericoin.info for 27 hours 3 days ago and never received a payment. How does the pool work? Each time I checked on it, it would say I would have one share and then later check again and go back to 0 and this happened multiple times. Never went above one share. I was mining X11. I was mining at 14,000 Mh/s.
My address was correct I doubled checked it and also simply copy and pasted it into the conf file so thats not the issue.
My address is VP94abeifQ5KBhyymAXXtCEVB4E4doQwh4

Did you see your address on the website ? http://pool.vericoin.info/workers
If so you may have been mining during the period the server was down, If my memory serves me rite that's about 3 days ago

[cloverme]

There are a lot of questions regarding the pool. We've been tweaking it as it's still in Alpha right now many times and there have been a few bugs that we have fixed. So please-- if this is your income, don't use it.

It is, however, quite profitable over time. It operates differently than other multipools. Instead of paying out every night, we pay out a portion of each block we hit and reserve a portion for the OBA. Instead of daily payouts, we pay out per block. But only if you've earned 1 VRC (sometimes it decides to be less lenient and will pay when 0.2 VRC is earned, for example). Then the payments trickle out over time as the OBA buys when it decides it's a good opportunity-- especially during dumps.

So, If you want a really accurate number for profitability, it's not possible to give you one. But in my experience mining SHA-256 and SCRYPT for a day then stopping, I am getting at least 20% more than mining at TradeMyBit.

It works oddly compared to conventional multipools, but that's how we can buy VRC at good prices.

Cool, thanks for the taking the time to add more details about the pool. What you describe makes sense, but two suggestions for veripool.  I understand now it's still in alpha, so no big whoop.

1) Transparency and an audit log... There's no reason to not list what coin is being mined in exchange to vrc. Understood it's dynamic and may change depending on what the profitable coin is at the moment.  I would also suggest a global log showing what was traded for what and what was dived up.  For all the miners know, the pool earned 500 xcoins, exchanged 400 for vrc, and kept 100 on the side.  

2) Post a FAQ and some information on the site, especially that it's in alpha.

Anyway, even though I didn't earn a lot, I'm still interested in vericoin. Good luck with the pool, at the least it was interesting to mess around with.

[lootz]

There are a lot of questions regarding the pool. We've been tweaking it as it's still in Alpha right now many times and there have been a few bugs that we have fixed. So please-- if this is your income, don't use it.

It is, however, quite profitable over time. It operates differently than other multipools. Instead of paying out every night, we pay out a portion of each block we hit and reserve a portion for the OBA. Instead of daily payouts, we pay out per block. But only if you've earned 1 VRC (sometimes it decides to be less lenient and will pay when 0.2 VRC is earned, for example). Then the payments trickle out over time as the OBA buys when it decides it's a good opportunity-- especially during dumps.

So, If you want a really accurate number for profitability, it's not possible to give you one. But in my experience mining SHA-256 and SCRYPT for a day then stopping, I am getting at least 20% more than mining at TradeMyBit.

It works oddly compared to conventional multipools, but that's how we can buy VRC at good prices.

Cool, thanks for the taking the time to add more details about the pool. What you describe makes sense, but two suggestions for veripool.  I understand now it's still in alpha, so no big whoop.

1) Transparency and an audit log... There's no reason to not list what coin is being mined in exchange to vrc. Understood it's dynamic and may change depending on what the profitable coin is at the moment.  I would also suggest a global log showing what was traded for what and what was dived up.  For all the miners know, the pool earned 500 xcoins, exchanged 400 for vrc, and kept 100 on the side.  

2) Post a FAQ and some information on the site, especially that it's in alpha.

Anyway, even though I didn't earn a lot, I'm still interested in vericoin. Good luck with the pool, at the least it was interesting to mess around with.

I mine just to support my favorite coin, I even got my moms laptop pumping via/CPU

[aragoon]

Moolah.io and VER developments possibly the biggest thing since the wheel but I have seen nothing 'bout it on this thread.
I ( and I guess many others, do not use Twitter or irc ). Devs please note. There is a world outside USA, Twitter and irc.
VRC   Best coin out there. Keep it going. 

[sdmathis]

Moolah.io and VER developments possibly the biggest thing since the wheel but I have seen nothing 'bout it on this thread.
I ( and I guess many others, do not use Twitter or irc ). Devs please note. There is a world outside USA, Twitter and irc.
VRC   Best coin out there. Keep it going. 

We probably don't use this thread as much as some coins do. That's because our developers like to interact with the people and that's easiest done on IRC. We will try to do better.

It might not hurt to explore IRC. Especially since that's our main channel of communication.

[effectsToCause]

Moolah.io and VER developments possibly the biggest thing since the wheel but I have seen nothing 'bout it on this thread.
I ( and I guess many others, do not use Twitter or irc ). Devs please note. There is a world outside USA, Twitter and irc.
VRC   Best coin out there. Keep it going. 

Once moolah.io finishes adding VRC exchange, we will be full steam ahead on integrating their html into the wallet.  They are also updating their system to a new version so the integration on their end is not yet complete as of now.

[aragoon]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

[sdmathis]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

[Bitcycle]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

And the vast majority of coins have not.

Keeping this thread up to date is absolutely essential.  It is not optional.

[sdmathis]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

And the vast majority of coins have not.

Keeping this thread up to date is absolutely essential.  It is not optional.

As I said, we need to try to do that. However, this is not our main channel of communication at this time.

[Bitcycle]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

And the vast majority of coins have not.

Keeping this thread up to date is absolutely essential.  It is not optional.

As I said, we need to try to do that. However, this is not our main channel of communication at this time.

There is no good reason to not keep this thread completely up to date.  To not do so is just laziness.

[sdmathis]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

And the vast majority of coins have not.

Keeping this thread up to date is absolutely essential.  It is not optional.

As I said, we need to try to do that. However, this is not our main channel of communication at this time.

There is no good reason to not keep this thread completely up to date.  To not do so is just laziness.

The reason is simple. Bitcointalk is not the ideal channel of communication. Many serious coins have moved away from this forum to other channels. Some host their own forum while others use Reddit or IRC. You can try to insult us by calling us lazy, but that doesn't make it so. It just shows that you have no real argument.

Now let me repeat: We will try to keep this thread updated on all our developments.

[lootz]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

And the vast majority of coins have not.

Keeping this thread up to date is absolutely essential.  It is not optional.

Soon their will be veriforums everywhere

[lootz]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

And the vast majority of coins have not.

Keeping this thread up to date is absolutely essential.  It is not optional.

As I said, we need to try to do that. However, this is not our main channel of communication at this time.

There is no good reason to not keep this thread completely up to date.  To not do so is just laziness.

LOL really....Laziness. You are a funny guy. Are you a comedian ? Less then a month they have surpassed all other coins in innovation .... I dont think that is because of laziness. ROFL wow you are too funny. 

[sdmathis]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

And the vast majority of coins have not.

Keeping this thread up to date is absolutely essential.  It is not optional.

Soon their will be veriforums everywhere

Actually there is a VeriCoin forum at Veritalk.info, but our main channels of communication at the moment is IRC (#vericoin), Reddit, and bitcointalk.

[EcoChavCrypto]

@Wiz will pump and dump you.  Its how he does business.  Check his history.

[sdmathis]

The ANN is often the first place people look for info about coins so being absolutely up to date is essential so as to keep rumour, fud etc in check and to let people see what a first mover VRC is. Great work and huge future ahead. Thanks to devs and community. 

Many coins have moved away from their ANN thread as the main source of communication. ANN threads on bitcointalk really aren't the best place to look for information due to the huge amount of FUD in the typical thread. We will, however, try to keep those who choose to look to this thread for information as informed as possible.

And the vast majority of coins have not.

Keeping this thread up to date is absolutely essential.  It is not optional.

As I said, we need to try to do that. However, this is not our main channel of communication at this time.

There is no good reason to not keep this thread completely up to date.  To not do so is just laziness.

LOL really....Laziness. You are a funny guy. Are you a comedian ? Less then a month they have surpassed all other coins in innovation .... I dont think that is because of laziness. ROFL wow you are too funny. 

You're right. Our developers are definitely not lazy. This forum is just not our #1 channel of communication and sometimes things don't always get posted here. We do need to do a better job in that area. I need to do a better job in that area.

Sometimes, however, things are posted, but they get lost in the occasional flood of FUD we receive. Sometimes it's easy to miss. I will try to do a better job of keeping this forum updated with the latest information, because even though it's not ideal, it is one of the first places those who are new to the coin look for information.