Topic: [ANN] Viacoin (VIA) - Safe | Segwit | Lightning Network | Auxpow | Fast - page 7. (Read 382201 times)

Send you 76.78471634 VIA.

Hope your mind recovers quickly recovers from the shattering. Wish someone could shatter it into a million $$$ and regrow each piece into a full-blown Romano before shattering each piece a million times over again.

For anyone who's interested in donating: https://viacoin.org/donate/

I always received lots of messages with people wanting to donate or ask what they can do for viacoin.
So I made a donation page.

I don't expect much donations or any donations at all actually.
It was already posted in the Viacoin telegram room with 3000+ members delivering a mind shattering $16.
It was like 16 more than expected !

VIA the best! 

viacoin.org

twitter.com/viacoin


Some basics of viacoin:

1. 24 s blocktime and up to 175 tps (basic feature)
2. Atomic swaps
3. Lighting network
4. Dedicated development team
5. Small active community (room for growth)
6. Very low fees : +/- $0.0005
7. Almost no inflation / inflation for the coming 5 months : 0.11 %

Viacoin with very interesting movement, any relevant information?

This is a great announcement thanks.  Will this company show the locations of vending machines that use ivendpay?  I'd definately like to try this out when they come out.  Be cool to be able to use my via on the run

Oh I almost never update the website. Lack of github commits ON MY OWN GITHUB ACCOUNT this month is just because of me being sick.

That roadmap we published originally was way way smaller. We added more things to the map. Things that we came up this year with and for example that I finished within a few weeks or days.
Or improving an app/wallet etc self is not on the roadmap.

I actually think that roadmaps are old fashioned. The industry moves so fast, coming up with new ideas & finishing quickly is doable for me & adding it to the roadmap is confusing because people tend to not see the new roadmap item add.

Things that are difficult from the roadmap is Schnorr, MAST and smartcontracts.

For the rest, everything is doable. (I should update the website more often)

They just haven't updated the website yet,

there is enough development going on.

1. Atomic swaps without the use of a full-node
2. Lightning network implementations
3. The privacy focused samourai wallet for android
4. Schnorr signatures which could reduce the transaction size and fees
5. MAST STYX and Smart contracts.

As far as i know other implementations just as submarine swaps and colored coins is talked about but is not yet confirmed.

Is there any 2019 road map? After seeing the last drop in price I decided to look a bit more in depth I to this project to see if anything. Now I know Romano justified the lack of updated on the github lately but I'd like to know why isn't the website and the roadmap isn't updated to 2019 and also ask if there is any major news or partner ship coming on ? Thank you

The short answer is no it doesn't cause any additional stress on your mining equipment, with merge mining you are essentially submitting shares on two different chains.  Heres a decent short article describing it without getting too technical

https://medium.com/luxor/merged-mining-explained-2f534599c48

Can you help me with one more question, please.
Is it dangerous for mining rigs to do dual mining like this?
Are there higher risks to destroy the rigs sooner with dual mining?

Not planning to switch to something other than Auxiliary PoW. I know a lot of coins jump quick to the POS or DPos hypetrain for that "pump". However Viacoin keeps living on. That's why it has been staying alive since 2014.

Are you planning to keep it always PoW or there's a plan to use another consesus ? I understand that you're pretty happy with PoW right now, but maybe in the future....

Thanks guys and dev for your answers...at this point I think every pow coin will have a great future, I feel very lucky to buy some viacoin at this price...what do you think about the only cpu pow like yenten or elicoin? cheers

It's not unprofitable. You clearly don't understand it yet.
They can mine any Scrypt coin and Viacoin for free as bonus.

Lots of mining pools do this. Like F2pool and litecoinpool.org
Both mine litecoin and Viacoin at the same time. They won't stop because they get the Viacoins as bonus. Hence the high hashrate. The hashrate doesn't lie. The hashrate of Viacoin up/down moves is similar to that from litecoin. When litecoin hashrate is high, so is that from Viacoin.

I agree, when mining leads to unprofitable rewards, that it is hard to convince them to keep mining, but that will only result in a general lower network hashrate.
Which makes it profitable again, with less equipment.

And what is the power of merged mining?

Miners don't lose any of their hashrate on Viacoin, because of the merged mining.

If Viacoin was NOT aux-pow it was not profitable at this point, because the daily coin generation is around 140 coins.

Which is roughly: $40,00 a day.

But look at the hashrate, it is around 50 Th/s.

Someone who mines Litecoin for instance, why they should not mine Viacoin at the same time?

It will only maximize their profits with zero extra costs.

That's why merged mining in my eyes is not only sustainable, but also has a fair market price that is not controlled.


And you also said: Mining, or merged mining, does not make sense at the moment.

What makes sense to you?

If proof of stake is your ideal world, than i can tell you, that you believe in fairytales. (and this is my own honest opinion)

Proof of stake is heavily centralized, early investors, are making the supply WITH ZERO INVESTMENT, and the rest buy their to expensive coins, well and than they tell you, yes but at our blockchain you get 5% extra income.

Those same people will tell you fuck the banks, be your own bank.

While they are in fact the 1% and have the printer running. like a money faucet.

And when i decide to invest in proof of stake, than i look yes, for 250 dollars i have let say 250 coins.

250 coins + 5% than i get 12.5 coins for ONE YEAR RUNNING MY COMPUTER FULLTIME. ( how green is that, and is it profitable?)

While the early investors:
1. bought their coins for very low prices
2. when they have 500000 coins they get 25000 coins per year for free
3. they have a basic income with zero costs and effort
4. they control the price and when they decide to hold their coins, the generation is much more because they get that 5% on every coin that is freshly generated.

Same for masternodes, really nice what they all tell, but it is not for me.

Look at dash or whatever, yes really nice coin, great all so great, i decided that i want to contribute to the network, now let see what do i need, oh a masternode, and how many coins do i need? 1000...... that's $60,000, so even when i wanted to contribute to the network, the rule makers of that specific blockchain made it for me impossible to help.

And why should i invest 60000 dollars in dash for instance if i can buy mining equipment for that same amount of money? than i am not attached to one blockchain?

POW AND AUXPOW DONT HAVE THESE PROBLEMS.

When coins are sold, they are sold, not as with pos, well i sell these coins and the next week i have the same balance.

SOLD = SOLD - NO FREE COIN GENERATION

That's why i see proof of work as one of the fairest systems, you have the miners who needs to invest in their equipment and have electricity bills to pay etc.. and you have the people who invest in the currency itself, and hold the coins in the believe that the coin will be more worth in the future and only generate fiat when the price is going up.

I was in search for a cryptocurrency that really fits in my view.

And Merged mining came the closest.

If i invest in something which i do not believe in..?

Than what is the point of investing?

Mining, or merged mining, does not make sense at the moment.
When, mining leads to unprofitable rewards for miners, it is hard to convince them to keep mining.

Merged mining for Viacoin is not only providing a secure hashrate, but in my view it also brings sustainability and a fair market price.

Viacoin like any pow coin can be hit with 51% attack, the benefit of merge mining is that litecoin miners can also mine viacoin with no extra work needed, so the hash rate is insanely larger than another scrypt coin without merge mining, therefore reducing the likelihood of an attack almost nil.