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Author Topic: Virtacoin Goes Live july 1 2014  (Read 56488 times)
misocialnetwork
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July 02, 2014, 06:25:57 AM
 #1

VirtaCoin is Live
VirtaPay has now been converted into a crypto-currency, like bitcoin. The new system, called VirtaCoin, will completely replace the old VirtaPay.
All user balances have been successfully transferred into the new system. Please be advised that – in order to fit within the parameters of the new system – all user balances have been adjusted to 14% of their original size. This is equivalent to a stock split. For example: If you previously had a balance of VP$100, your new balance would be 14 VTA (virtacoin). Because this adjustment was performed equally to all users, your balance did not lose any actual value.
In order to claim your balance, it is critical that you follow the steps below.
VirtaCoin Belongs to You
VirtaCoin is "owned" by everyone who holds the currency. It is up to the VirtaCoin community to collectively contribute and make VirtaCoin what you want it to be. How you contribute depends on your skills, abilities and available time. Please consider helping in one or more of the following areas...
Forums – VirtaCoin needs places for the community to gather and discuss issues and ideas. You could set up a forum, become a moderator, or even just contribute your ideas and opinions on a VirtaCoin community forum.
Exchanges – If you would like to exchange your VirtaCoin for bitcoin, for other crypto-currencies, or even for fiat currency, please contact crypto-currency exchanges and follow their procedures to ask them to list VirtaCoin.
Solo Mining – To earn more VirtaCoin and contribute computing power to securing the VirtaCoin network, you can try solo mining.
Mining Pools – If you have the knowledge, you can create a mining pool. This helps large groups of people to work together and share in the mining rewards, while helping to secure the VirtaCoin network.
Developers – If you are a programmer, or know someone who is, you can help to maintain and improve VirtaCoin by working on the open source VirtaCoin Project on GitHub.
Configuration Settings
You may use the settings below in your virtacoin.conf file. You may also use the port numbers listed to configure mining software, firewall port forwarding, etc.
download your wallet at address http://www.virtacoin.com

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BTMan
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July 02, 2014, 08:50:37 AM
 #2

what is the algo ? CPU ?


Why it need to update 11 days data ?


Is premined coin??




{
"blocks" : 2639,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.00836575,
"errors" : "",
"genproclimit" : -1,
"networkhashps" : 656943,
"pooledtx" : 0,
"testnet" : false,
"generate" : true,
"hashespersec" : 5956
}

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superpoison
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July 02, 2014, 09:08:02 AM
 #3

good news!
do you know the price of virtacoin??
smokim87
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July 02, 2014, 09:08:09 AM
 #4

what is the algo ? CPU ?

Found this in their Github:


  
Quote
 Scrypt proof-of-work algorithm
    60 second block time target
    ~21 billion total coins
    8000 coins per block, reduces by 0.5% each week starting 2/28/14
    Difficulty retarget every 1 block

Probably 1 sat per coin
superpoison
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July 02, 2014, 09:39:48 AM
 #5

i think virtacoin is much valuable than 1 sat...
maybe 0.001Btc per coin
NikkyLauwers
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July 02, 2014, 10:14:31 AM
 #6

It seems i can't find the "virtacoin.conf" file on my mac....  Roll Eyes Used the standard installation path. Can someone point me in the right direction?
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July 02, 2014, 10:16:24 AM
 #7

is dev here.how much was premine.there was over 2500 blocks mined when i downloaded an sync'ed wallet

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July 02, 2014, 10:21:30 AM
 #8

is dev here.how much was premine.there was over 2500 blocks mined when i downloaded an sync'ed wallet

     if(nHeight == 1) {
        // pre-mine to distribute to existing VirtaCoin user balances.
        nSubsidy = 8400000000 * COIN;
     }
virtapayseller666
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July 02, 2014, 11:18:25 AM
 #9

its saying 11 days to update help pls

 

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HunterS
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July 02, 2014, 11:22:57 AM
 #10

its saying 11 days to update help pls
help with what.mine said the same.u have to wait for it to sync.must of been one hell of a premine

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July 02, 2014, 11:24:26 AM
 #11

guys how can exchange virtacoins?
any exchanger???
virtapayseller666
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July 02, 2014, 11:24:53 AM
 #12

ok thanks now saying 10 days i have to wait ok how much time it takes

 

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superpoison
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July 02, 2014, 11:34:34 AM
 #13

my wallet is syncing several hours.
how long does it take to complete??
HunterS
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July 02, 2014, 11:44:19 AM
 #14

Algo: Scrypt-N
Pool: www.weminevtc.com

algo is just normal scrypt
this is VTA coin not VTC

ElectricCake
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July 02, 2014, 12:45:33 PM
 #15

This coin has the potential to get big, we just need major exchanges to pick it up in order for it to get noticed. I have about 250 VertaCoin already since I was signed up on their site prior to it being released.
HunterS
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July 02, 2014, 12:51:40 PM
 #16

This coin has the potential to get big, we just need major exchanges to pick it up in order for it to get noticed. I have about 250 VertaCoin already since I was signed up on their site prior to it being released.
its virtacoin not vertacoin

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July 02, 2014, 12:53:23 PM
 #17

This coin has the potential to get big, we just need major exchanges to pick it up in order for it to get noticed. I have about 250 VertaCoin already since I was signed up on their site prior to it being released.
its virtacoin not vertacoin
i have solo mined 360 000 so far

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July 02, 2014, 12:54:15 PM
 #18

anyone able to setup pool

ElectricCake
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July 02, 2014, 12:56:02 PM
 #19

This coin has the potential to get big, we just need major exchanges to pick it up in order for it to get noticed. I have about 250 VertaCoin already since I was signed up on their site prior to it being released.
its virtacoin not vertacoin
i have solo mined 360 000 so far

Can you give me a config to start Solo Mining, I have a decent NVIDIA card to do it on.
virtapayseller666
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July 02, 2014, 01:02:49 PM
 #20

i have  1418 VTA

 

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0.8%-1% House Edge
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