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Topic: [ANN] Binary-Chain - VeriCoin and Verium - The First Dual-Blockchain Protocol - page 28. (Read 47841 times)

newbie
Activity: 26
Merit: 0
any ETA on when that will take place?
newbie
Activity: 13
Merit: 0
so if I'm mining VRM now I should be getting VRC?

No not yet, but once the binary chain is activated yes
newbie
Activity: 26
Merit: 0
so if I'm mining VRM now I should be getting VRC?
newbie
Activity: 13
Merit: 0
Let say I'm amazed by the presentation but a bit confused at the same time.

If I'm a VRM miner/holder, what should I do?

Continue to mine !! Both coins will benefit from binary chain and as a VRM miner you will also get small VRC rewards
newbie
Activity: 13
Merit: 0
I have some VRM (Verium coin)
I would like to know what this change into Binary-Chain means for me?
Will I still have the same Verium with the same condition (as  coin supply, block time etc.. or will it be changed or merged into one coin with VRC??)
Thanks :-)

Everything stays the same, don't worry. VRC and VRM will coexist and have one wallet for both, you will be able to swap between them within the wallet
hero member
Activity: 658
Merit: 500
I can't sync Vericoin wallet 1.7.0.0 - "0 connections". What can I do?


File > reload blockchain, check replace conf file
sr. member
Activity: 840
Merit: 267
Chad Hodler since 2013
Let say I'm amazed by the presentation but a bit confused at the same time.

If I'm a VRM miner/holder, what should I do?
newbie
Activity: 16
Merit: 0
I can't sync Vericoin wallet 1.7.0.0 - "0 connections". What can I do?
hero member
Activity: 1246
Merit: 708
I have some VRM (Verium coin)
I would like to know what this change into Binary-Chain means for me?
Will I still have the same Verium with the same condition (as  coin supply, block time etc.. or will it be changed or merged into one coin with VRC??)
Thanks :-)
full member
Activity: 147
Merit: 100
Hum...
Is it possible to use in-wallet mining if you build daemon from the source code ?
I don't see any option related to mining in veriumd...
Try starting veriumd with -gen. I think most people use veriumMiner/cpuminer and point it to veriumd using RPC though.

It works, thanks !
hero member
Activity: 658
Merit: 500
newbie
Activity: 31
Merit: 0
Hum...
Is it possible to use in-wallet mining if you build daemon from the source code ?
I don't see any option related to mining in veriumd...
If you want to solomine check this: http://resources.vericoin.info/wp-content/uploads/Verium-Solo-Mining-Guide.pdf

If you prefer pool mining you can follow these instructions:
https://vrm2.poolinat0r.com/index.php?page=gettingstarted
newbie
Activity: 1
Merit: 0
Hum...
Is it possible to use in-wallet mining if you build daemon from the source code ?
I don't see any option related to mining in veriumd...
Try starting veriumd with -gen. I think most people use veriumMiner/cpuminer and point it to veriumd using RPC though.
full member
Activity: 147
Merit: 100
Hum...
Is it possible to use in-wallet mining if you build daemon from the source code ?
I don't see any option related to mining in veriumd...
sr. member
Activity: 322
Merit: 260
I thought you could stake Verium, but I don't see how to do that in my wallet. I have very mature verium in my wallet, but I don't know how to stake it. Please help!!

P.S. Do I need to convert my Verium to Vericoin to stake them?

Verium is mined, Vericoin is staked.

Thanks Chef. Which do you prefer? Mining Verium, or Staking Vericoin, or both?

You gotta have some deep pockets to make staking worth it. Price is currently ~6600 sats, and several thousand are needed to make the magic happen.

You gotta have some decent hardware (used server with several CPUs with lots of cores) to make mining "worth it". Nothing some time on eBay and technical knowledge can't handle, but you better hope you have 1) government subsidized power, or 2) solar panels in the desert. Electricity usage can be high. I hobby mine, collecting dust in a pool for the fun of it (and because I can).

I think that as there is wider adoption, people will be interested in having their home PCs mining/staking from the wallets. Whether or not it is realistic to do so and expect any rewards blocks is to be determined, and is what I think will be one of the challenges that will need to be addressed in the future.

I appreciate these insights in a world full of uncertainties. I too collect dust from pools for the fun of it. The developers especially effectstocause are excellent.

I can't see people mining and staking from their wallets with the difficulty rising as people gain interest. Usually you get the solo rewards before people discover the opportunity. I don't know how people can mine solo competing with pools. That doesn't seem possible.
newbie
Activity: 54
Merit: 0
I thought you could stake Verium, but I don't see how to do that in my wallet. I have very mature verium in my wallet, but I don't know how to stake it. Please help!!

P.S. Do I need to convert my Verium to Vericoin to stake them?

Verium is mined, Vericoin is staked.

Thanks Chef. Which do you prefer? Mining Verium, or Staking Vericoin, or both?

You gotta have some deep pockets to make staking worth it. Price is currently ~6600 sats, and several thousand are needed to make the magic happen.

You gotta have some decent hardware (used server with several CPUs with lots of cores) to make mining "worth it". Nothing some time on eBay and technical knowledge can't handle, but you better hope you have 1) government subsidized power, or 2) solar panels in the desert. Electricity usage can be high. I hobby mine, collecting dust in a pool for the fun of it (and because I can).

I think that as there is wider adoption, people will be interested in having their home PCs mining/staking from the wallets. Whether or not it is realistic to do so and expect any rewards blocks is to be determined, and is what I think will be one of the challenges that will need to be addressed in the future.
sr. member
Activity: 322
Merit: 260
I thought you could stake Verium, but I don't see how to do that in my wallet. I have very mature verium in my wallet, but I don't know how to stake it. Please help!!

P.S. Do I need to convert my Verium to Vericoin to stake them?

Verium is mined, Vericoin is staked.

Thanks Chef. Which do you prefer? Mining Verium, or Staking Vericoin, or both?
newbie
Activity: 54
Merit: 0
I thought you could stake Verium, but I don't see how to do that in my wallet. I have very mature verium in my wallet, but I don't know how to stake it. Please help!!

P.S. Do I need to convert my Verium to Vericoin to stake them?

Verium is mined, Vericoin is staked.
sr. member
Activity: 322
Merit: 260
I thought you could stake Verium, but I don't see how to do that in my wallet. I have very mature verium in my wallet, but I don't know how to stake it. Please help!!

P.S. Do I need to convert my Verium to Vericoin to stake them?
newbie
Activity: 2
Merit: 0
I love the one button mining of the Verium Vault 1.1 although some serious horsepower is needed, each time I try to mine anything with my i3 CPU I realise I'm a romantic.
The dual chain proposition sounds solid, projects that try to be both money and reserve on one chain are hitting roadblocks. I'm hoping that this unique project gets the attention it deserves.
It's funny that my small stake on Verium places me around the 1000th rich list, ahhh the early days..
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