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Author Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released  (Read 1355393 times)
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July 01, 2014, 11:20:29 PM
 #6041

In case anyone is thinking about veripool (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. Supposedly they mine an anonymous coin and then exchange it for vericoin and split it up in the pool. Whatever the multipool 256 coin was, I found 7 blocks of it, but the return sucked. Someone in another thread alleged that the pool operator may be skimming, so be warned.  Your best bet is to just mine BTC (or whatever else) and then exchange for vericoin.

Also, yes, I know vericoin is a proof of stake coin, I just wanted to test the exchange pool to see what it was like.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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July 01, 2014, 11:30:59 PM
 #6042

I do clearly see there accumulation going on about 40K... think about of goin all inn again... could there will definitly be another 5x run startet at 50k, some gives me green light?

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Shinraven
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July 01, 2014, 11:36:55 PM
 #6043

I do clearly see there accumulation going on about 40K... think about of goin all inn again... could there will definitly be another 5x run startet at 50k, some gives me green light?

glad you can see that they are buying. current price is lowest i've seen past few days. solid devs, cool features coming next few days, what more do you want hear ?  Roll Eyes
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July 01, 2014, 11:52:05 PM
 #6044

In case anyone is thinking about veripool (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. Supposedly they mine an anonymous coin and then exchange it for vericoin and split it up in the pool. Whatever the multipool 256 coin was, I found 7 blocks of it, but the return sucked. Someone in another thread alleged that the pool operator may be skimming, so be warned.  Your best bet is to just mine BTC (or whatever else) and then exchange for vericoin.

Also, yes, I know vericoin is a proof of stake coin, I just wanted to test the exchange pool to see what it was like.

I hope you have some kind of proof of your allegations.


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July 01, 2014, 11:54:03 PM
 #6045

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


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 Therefore all progress depends on the unreasonable man." ~George Bernard Shaw
epicradness
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July 01, 2014, 11:58:52 PM
 #6046

In case anyone is thinking about veripool (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. Supposedly they mine an anonymous coin and then exchange it for vericoin and split it up in the pool. Whatever the multipool 256 coin was, I found 7 blocks of it, but the return sucked. Someone in another thread alleged that the pool operator may be skimming, so be warned.  Your best bet is to just mine BTC (or whatever else) and then exchange for vericoin.

Also, yes, I know vericoin is a proof of stake coin, I just wanted to test the exchange pool to see what it was like.

I hope you have some kind of proof of your allegations.



He'd need proof for the allegations if he himself was alleging this. He's just telling us what he heard on another thread.

But to the core of his post, as he illustrated, is pretty correct. I've pointed about 25Mh/s Scrypt for almost a half a day and got proportionally, what he's describing.
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July 02, 2014, 12:09:37 AM
 #6047

In case anyone is thinking about veripool (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. Supposedly they mine an anonymous coin and then exchange it for vericoin and split it up in the pool. Whatever the multipool 256 coin was, I found 7 blocks of it, but the return sucked. Someone in another thread alleged that the pool operator may be skimming, so be warned.  Your best bet is to just mine BTC (or whatever else) and then exchange for vericoin.

Also, yes, I know vericoin is a proof of stake coin, I just wanted to test the exchange pool to see what it was like.

I hope you have some kind of proof of your allegations.



He'd need proof for the allegations if he himself was alleging this. He's just telling us what he heard on another thread.

But to the core of his post, as he illustrated, is pretty correct. I've pointed about 25Mh/s Scrypt for almost a half a day and got proportionally, what he's describing.

Well most multipools suck just as hard, the best turn out is to mine a coin direct then put it through an exchange and just buy vrc. At least I noticed the same thing, the only reason why I still keep them pointed to veripool is because I want to support the coin. I agree some more transparency with the pool would be nice. Look at LTCrabbits setup they have good transparency and they multimine. I am sure the devs are way to busy to accomplish this atm maybe in the future it can be another project.
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July 02, 2014, 12:11:50 AM
 #6048

In case anyone is thinking about veripool (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. Supposedly they mine an anonymous coin and then exchange it for vericoin and split it up in the pool. Whatever the multipool 256 coin was, I found 7 blocks of it, but the return sucked. Someone in another thread alleged that the pool operator may be skimming, so be warned.  Your best bet is to just mine BTC (or whatever else) and then exchange for vericoin.

Also, yes, I know vericoin is a proof of stake coin, I just wanted to test the exchange pool to see what it was like.

I hope you have some kind of proof of your allegations.



He'd need proof for the allegations if he himself was alleging this. He's just telling us what he heard on another thread.

But to the core of his post, as he illustrated, is pretty correct. I've pointed about 25Mh/s Scrypt for almost a half a day and got proportionally, what he's describing.

What he said is hearsay. It's worth even less. Yes, he needs proof or it's not true. Just another lie.

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July 02, 2014, 12:16:55 AM
 #6049

I have to say, this is one of the most promising coins I've seen in a while.

I'm watching this one very closely.

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July 02, 2014, 12:20:30 AM
 #6050

I have to say, this is one of the most promising coins I've seen in a while.

I'm watching this one very closely.

You better buy...you can watch it closely but if it shoots into the air, you're lost
chunkyjunkie
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July 02, 2014, 12:21:00 AM
 #6051

Hmm Big ltc sell off....


Wonders Lee let it slip LTC would never be getting on coinbase even though he works there.

Then again were some whispers at one time of vrc making it though huh?


Inc buys on vrc at same time, interesting times...

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July 02, 2014, 12:27:49 AM
 #6052

I have to say, this is one of the most promising coins I've seen in a while.

I'm watching this one very closely.

You better buy...you can watch it closely but if it shoots into the air, you're lost

Oh, I did.

I sold my crypto holdings and cashed out a few months ago after getting burned in the NEOBEE b.s. (not a huge % of my holdings but still...I was more angry for other people who lost a lot). I just recently got back in and I've been researching the current crop of alts and Vericoin really seems to have its shit together.

The devs being very public is gold. That was one of the best things about Dogecoin. But just the fact that you can automatically spend it wherever bitcoin is accepted basically renders a LOT of other alts moot, doesn't it? Let's hope it keeps up.

The fact that it has such a solid 'elevator pitch' ("you can automatically spend it anywhere btc is accepted!!") will be huge for these guys in the coming weeks. Once it starts to spread a bit, this could be a good one.

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July 02, 2014, 12:32:43 AM
 #6053

Stop spamming shit
Shinraven
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July 02, 2014, 12:37:44 AM
 #6054

Stop spamming shit

+10   Cheesy
bitcoinwonders010
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July 02, 2014, 12:42:49 AM
 #6055

I have to say, this is one of the most promising coins I've seen in a while.

I'm watching this one very closely.

You better buy...you can watch it closely but if it shoots into the air, you're lost

Oh, I did.

I sold my crypto holdings and cashed out a few months ago after getting burned in the NEOBEE b.s. (not a huge % of my holdings but still...I was more angry for other people who lost a lot). I just recently got back in and I've been researching the current crop of alts and Vericoin really seems to have its shit together.

The devs being very public is gold. That was one of the best things about Dogecoin. But just the fact that you can automatically spend it wherever bitcoin is accepted basically renders a LOT of other alts moot, doesn't it? Let's hope it keeps up.

The fact that it has such a solid 'elevator pitch' ("you can automatically spend it anywhere btc is accepted!!") will be huge for these guys in the coming weeks. Once it starts to spread a bit, this could be a good one.

vrc is good until others don't create veribit. what is stopping coins like peercoin, nxt, drk coin doing the same thing. vrc was the first but will definitly not be the last. only if we could stop them, vrc would be the next big thing
professorY
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July 02, 2014, 12:45:06 AM
 #6056

I have to say, this is one of the most promising coins I've seen in a while.

I'm watching this one very closely.

You better buy...you can watch it closely but if it shoots into the air, you're lost

Oh, I did.

I sold my crypto holdings and cashed out a few months ago after getting burned in the NEOBEE b.s. (not a huge % of my holdings but still...I was more angry for other people who lost a lot). I just recently got back in and I've been researching the current crop of alts and Vericoin really seems to have its shit together.

The devs being very public is gold. That was one of the best things about Dogecoin. But just the fact that you can automatically spend it wherever bitcoin is accepted basically renders a LOT of other alts moot, doesn't it? Let's hope it keeps up.

The fact that it has such a solid 'elevator pitch' ("you can automatically spend it anywhere btc is accepted!!") will be huge for these guys in the coming weeks. Once it starts to spread a bit, this could be a good one.

vrc is good until others don't create veribit. what is stopping coins like peercoin, nxt, drk coin doing the same thing. vrc was the first but will definitly not be the last. only if we could stop them, vrc would be the next big thing

Exactly. You can't stop anyone else from doing it too. So they need to get the message out there hard and fast so that people associate that idea with them. They seem to be doing a good job so far of getting themselves out there, so I just hope it continues.

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July 02, 2014, 12:45:55 AM
 #6057

Hello dudes!

Did you know BitcoinPoster.com?


You could put a logo of their coin there..   Smiley


Thankss


2005 called, they want their pixel grid banners back.

http://en.wikipedia.org/wiki/The_Million_Dollar_Homepage
lootz
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July 02, 2014, 12:51:32 AM
 #6058

I have to say, this is one of the most promising coins I've seen in a while.

I'm watching this one very closely.

You better buy...you can watch it closely but if it shoots into the air, you're lost

Oh, I did.

I sold my crypto holdings and cashed out a few months ago after getting burned in the NEOBEE b.s. (not a huge % of my holdings but still...I was more angry for other people who lost a lot). I just recently got back in and I've been researching the current crop of alts and Vericoin really seems to have its shit together.

The devs being very public is gold. That was one of the best things about Dogecoin. But just the fact that you can automatically spend it wherever bitcoin is accepted basically renders a LOT of other alts moot, doesn't it? Let's hope it keeps up.

The fact that it has such a solid 'elevator pitch' ("you can automatically spend it anywhere btc is accepted!!") will be huge for these guys in the coming weeks. Once it starts to spread a bit, this could be a good one.

vrc is good until others don't create veribit. what is stopping coins like peercoin, nxt, drk coin doing the same thing. vrc was the first but will definitly not be the last. only if we could stop them, vrc would be the next big thing

Exactly. You can't stop anyone else from doing it too. So they need to get the message out there hard and fast so that people associate that idea with them. They seem to be doing a good job so far of getting themselves out there, so I just hope it continues.

Actually a lot of Vericoins operations is not open source so it would take a very intelligent team to mimic what they have done.
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July 02, 2014, 12:51:57 AM
 #6059

I have to say, this is one of the most promising coins I've seen in a while.

I'm watching this one very closely.

You better buy...you can watch it closely but if it shoots into the air, you're lost

Oh, I did.

I sold my crypto holdings and cashed out a few months ago after getting burned in the NEOBEE b.s. (not a huge % of my holdings but still...I was more angry for other people who lost a lot). I just recently got back in and I've been researching the current crop of alts and Vericoin really seems to have its shit together.

The devs being very public is gold. That was one of the best things about Dogecoin. But just the fact that you can automatically spend it wherever bitcoin is accepted basically renders a LOT of other alts moot, doesn't it? Let's hope it keeps up.

The fact that it has such a solid 'elevator pitch' ("you can automatically spend it anywhere btc is accepted!!") will be huge for these guys in the coming weeks. Once it starts to spread a bit, this could be a good one.

vrc is good until others don't create veribit. what is stopping coins like peercoin, nxt, drk coin doing the same thing. vrc was the first but will definitly not be the last. only if we could stop them, vrc would be the next big thing

Exactly. You can't stop anyone else from doing it too. So they need to get the message out there hard and fast so that people associate that idea with them. They seem to be doing a good job so far of getting themselves out there, so I just hope it continues.

Actually a lot of Vericoins operations is not open source so it would take a very intelligent team to mimic what they have done.

Even better.

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July 02, 2014, 12:59:02 AM
Last edit: July 02, 2014, 03:22:48 AM by Kevondo
 #6060

In case anyone is thinking about veripool (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. Supposedly they mine an anonymous coin and then exchange it for vericoin and split it up in the pool. Whatever the multipool 256 coin was, I found 7 blocks of it, but the return sucked. Someone in another thread alleged that the pool operator may be skimming, so be warned.  Your best bet is to just mine BTC (or whatever else) and then exchange for vericoin.

Also, yes, I know vericoin is a proof of stake coin, I just wanted to test the exchange pool to see what it was like.

I hope you have some kind of proof of your allegations.



He'd need proof for the allegations if he himself was alleging this. He's just telling us what he heard on another thread.

But to the core of his post, as he illustrated, is pretty correct. I've pointed about 25Mh/s Scrypt for almost a half a day and got proportionally, what he's describing.

The Multipool is also STILL IN BETA. Dev's only have so much time and r spending it on implementing other features

They know the pool needs work and will get around to it.

It only went beta a short time ago. It was in Alpha for quite awhile

The multipool has been available and VeriSend-SMS, with anon option,  VeriBit, new wallet releases incorprating these features fullfilled promises they made to the community.

They have also done multiple interviews, arranged with the help of a generous VRC community a PR Firm, raised funds to go to the NABC meeting  in chicago on 19 July. okayed a First edition physical 1 Troy OZ. .99 silver VeriCoin with holgraphic chip that can be used to store VRC.

I can't speak for pnosker but I belive he would tell U the pool is "Raggadey" and he's not happy with it.  But the Dev's have prioritzed things and all will be fine sooner or later.

I don't know how they do it really. All 3 work fulltime jobs. From FaceBook it looks like Effect has a Family. all 3 R constantly present answering question and Squashing FUD"sters, like a bug in their code. All 3 do this with aplomb and pnosker is like a bear protecting the cubs.

So The pool isn't a Ferrari yet it's a Fiesta.  I'm good with that, going down the road with these guys at their speed. I trust their judgements as to where and on what they spend their time

But that's just me...



  CORRECTION: In a more recent post on the subject of the pool pnosker states the pool is still in ALPHA. I was in error here. My apologies.
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