Topic: [ANN] Verus (VRSC) - zk-SNARK privacy, CPU-mining, 50/50 POW/POS, fair launch - page 7. (Read 48711 times)

The 40k mentioned above is a bit on the high side to stake on average on a daily basis.
The ROI percentage for staking is the same for all balances. The number mentioned indicates only receiving a reward about every day. I'll not overcomplicate stuff: if a 40k balance gets 1 blockreward per day, you can expect a 4k balance to yield a reward every 10 days, a 400 balance every 100 days, etcetera, etcetera.

It functions like solo mining versus pool mining. If you have the nerves to go without rewards for those periods mentioned, you save yourself the pool fees when staking in your own wallet.
If you're comfortable having your funds under 3rd party control, you may opt for pool mining and enjoy the regular rewards coming in.

If you want to just HODL for future profit, I would certainly keep the wallet staking. Every reward will be a bonus...

I stake only in hope, the coin will be 10x when I sell them in the future.
If not, not much is lost...

(I'm in crypto since 2013... )

The volume possesses a fugacious nature, in essence making it an unreliable indicator of where a coin may be on its path to the next peak. Volume tends to disappear when I stop buying, and the opposite happens when Im back in the game with another insertion of cash. That is to say that I am the only worthy indicator of coins health. People do not realize that most coins tend to move only when I straddle and ride them.

From what I can tell you would need at least 6000 coins to stake a few times a month and something like 50000 to 60000 coins to stake every day. It seems that if you have at least 6000 coins then it would probably be worth it to stake them on a low power device like the atomic pi. It would be nice to hear from others with 5000+ coins and if they are getting any stakes monthly with that amount.

 If individuals have more than 50 million coins, then this coin isnt even worth mining....
It cost roughly $350-450 a week to mine 10,000 coins or about $800
So to mine 50,000,000 coins, would cost around $1,750,000 and take 35,000 weeks, or 675 years.

I have only ever seen the official block explorer, so i have no idea what the top 100 balances are, perhaps you could post a link please.
Also, using Verus wallet 6.4, with my 1000 coins in theory i should get 0.4 VRSC a day ($0.04), or 146VRSC a year ($13.25), but that means someone holding 50,000,000 VRSC would in theory stake 17.28k VRSC a day ($1.56k USD) or 6.31M VRSC ($570.44k USD).
Now i'm pretty sure that no one is earning those kind of figures, therefore, i stand by my original comment. At the moment i think it is pointless staking (unless you have spend $1000's on mining and have a MASSIVE balance)
I'd be interested to see what stake value they got for 5 coins...
Like i say my 1000 coins has netted ZERO in 1 month....perhaps i have just been really unlucky....but if its not making money why bother doing it?
https://ibb.co/jG70HZ6
https://ibb.co/C0dQDxw

You realize that your 1000 coins staking are against nearly 50 million coins other may stake.
It's just like mining, where if you have a low hash power you have less chance to mine a block. Hence why people are using pools instead of solo mining.

I have personally seen VRSC stakes with less than 5 coins. Of course that won't happen daily or even monthly.

Dont bother trying to stake this coin.
I have "staked" 1000 coins for over a month now, and got ZERO returns...completely pointless.
Unlike normal staking where you simply fget a fixed percentage, you have to "WIN" a block to get a share, and unless you have 1000's of coins , no chance.
You may have more luck in the various "staking pools" who knows

Anyone staking using an atomic pi? Looks like a pretty low cost and low power solution to have your staking wallet on all the time.

Max Supply:   83,540,184
Algorithm:      VerusHash 2.1 PoW/PoS - 50/50
Block time:   1 minute
Reward:     24 Verus


Wallets and all that is needed to mine and stake: http://veruscoin.io

Mining instructions:
    Install and run the Verus-enhanced Agama wallet with mining support
    Upon first run, select Verus as your coin
    In the upper right corner of Agama, go to the top menu and select settings
    At the bottom of the settings rows, you will see “  CLI”, which you should select, revealing two input lines, one for selecting the native coin, and one for the command.
    On the first line, select Verus as the native coin
    On the second line, enter:
          setgenerate true n
    where n is the number of threads you want to mine with. If you enter an n of 0, you will
    stake, but not mine.

Staking instructions:
Staking is automatically enabled in our enhanced version of Agama, and will operate continuously in the background as long as Agama is running and you have spendable coins that are not coinbase transactions and that have been held in your wallet for at least 150 blocks, or approximately 2-½ hours. In order to stake with coinbase funds, coinbase transactions must be first shielded and transferred to a transparent address. This can be done on the send screen, after you create at least one private address in the wallet from the receive screen. Once you have shielded and then unshielded any coinbase transactions, they will also be eligible for automatic staking from your wallet when it is running.

How to Setup the Verus / Komodo Agama Wallet and how to Start Staking and Mining
https://youtu.be/sQNEu60p7Ag

currently in Phase 3. VerusID deployed last december.
anyone want to join my staking pool? you can select from several pools here https://veruscoin.io/getVRSC.html

 
You can mine Verus at autoexchange mining pool Zergpool.com at 0.5% fee. Please use following commands for different mining options
 
Option 1 Auto coin switch by profitability within algorithm with autoexchange to specified coin wallet(BTC in example below)
Option 2 Direct coin mining with payout to coin wallet
Option 3 Direct coin mining with autoexchange to specified coin wallet(BTC in example below)
Please note mc stands for mining coin symbol, c stand for payout coin symbol

Autoexchange to BTC, LTC, DASH, BCH, DOGE or any other currency we mine
Happy mining,
 cheers pinpin

Their large volume is now in altsbit. A relatively new exchange.



Yet, if you can see, the trading volume is very low for being the no. 366 in market in coingecko.

Also, in what phase are they now in terms of implementation and roadmap?

btw how does mining work for this coin?

But its not worth either when there is less volume to the coin. It needs to add more features to attract more volume to this coin and then you can add it to well known exchange as well.  Maybe bittrex or crex24 for now, it has to add up to get more volume. Crypto market needs to have more privacy coin for us to have move option and the cheaper ones with good volume are just what we may need.

That is a nice chunk, sounds like its not worth staking unless you have a chunk like that and stake pools seem pretty inconvenient. I appreciate the feedback and wish you continued success with your daily staking.

i am staking this coin. 40k averages for a daily stake. if you want you could join a staking pool https://veruscoin.io/getVRSC.html there are several available.

Anyone staking this coin and if so do you have an optimal stake size you are staking in order to get the best results given the recent network change and growing difficulty?

from discord

There is a completely optional update available that addresses an issue where sometimes a stake may fail to submit. There is no other change. This issue did not prevent all stakes, but only some, semi-randomly, and although there is no way to confirm you missed any stakes, this release will prevent it from happening. There are still no known issues on the network with version 0.6.0-6, so unless staking is important for you, there is no need to update.
We found, fixed, and confirmed this issue last night. Again, the last critical release was 0.6.0-6, and the only difference between that version and this is that this one will always properly submit stakes that are found.
Merry Christmas / Christmas Eve to all who celebrate, and for those who don't, we hope you are enjoying the Holidays!
GUI: https://github.com/VerusCoin/Agama/releases/tag/v0.6.0-7
CLI: https://github.com/VerusCoin/VerusCoin/releases/tag/v0.6.0-7
Desktop alpha: https://github.com/VerusCoin/Verus-Desktop/releases/tag/v0.0.5-alpha

join telegram too.
https://t.me/TruthAndPrivacyForAll

Graviex and STEX wallets are open and working if you want to sell your coins there!

Hi,
Thanks for letting me know. Much appreciated

Well i guess that only leaves the good old fashioned way....
So, i have 400 VRSC and i'm looking for $40, or 0.0053BTC
J