VIA to 20 USD .
I would settle for that
Topic: [ANN] Viacoin (VIA) - Safe | Segwit | Lightning Network | Auxpow | Fast - page 80. (Read 382213 times)
July 29, 2017, 04:41:39 AM
July 29, 2017, 04:31:39 AM
VIA to 20 USD .
July 29, 2017, 04:22:01 AM
I've been jumping between being totally excited for viacoin and becoming unsure of its future. On the one hand it seems like it's ahead of a lot of other coins, but still... It's basically trying to solve the same problem as LTC right?
What do you guys think of the coin? What makes you optimistic about it?
What do you guys think of the coin? What makes you optimistic about it?
Yes, I think it's similar to Litecoin, but with a bigger focus on anonymity. In fact -- I think of it as the bronze to Litecoin's silver to Bitcoin's gold
If you want to help get Viacoin successful, I suggest downloading and running core. It takes ~4-6 hours to download the full blockchain, but then it's good to go.
July 28, 2017, 10:59:37 PM
Hell yeah! That's awesome.
Good project, good development, good devs and good community can only mean that this one is a good coin to hold and I am really greatful that the kind of coin which is good to hold long term.
July 28, 2017, 10:23:54 PM
Congrats on VIA signaling segwit
July 28, 2017, 07:46:26 PM
I've been jumping between being totally excited for viacoin and becoming unsure of its future. On the one hand it seems like it's ahead of a lot of other coins, but still... It's basically trying to solve the same problem as LTC right?
What do you guys think of the coin? What makes you optimistic about it?
What do you guys think of the coin? What makes you optimistic about it?
Yes, I think it's similar to Litecoin, but with a bigger focus on anonymity. In fact -- I think of it as the bronze to Litecoin's silver to Bitcoin's gold
If you want to help get Viacoin successful, I suggest downloading and running core. It takes ~4-6 hours to download the full blockchain, but then it's good to go.
July 28, 2017, 05:41:50 PM
I've been jumping between being totally excited for viacoin and becoming unsure of its future. On the one hand it seems like it's ahead of a lot of other coins, but still... It's basically trying to solve the same problem as LTC right?
What do you guys think of the coin? What makes you optimistic about it?
What do you guys think of the coin? What makes you optimistic about it?
July 28, 2017, 09:05:47 AM
Not good to release now, wait until an up trend....should be soon....
July 28, 2017, 06:14:03 AM
Basically merge mining works like this:
When a miner mines a block for LTC, it will get LTC rewards. If he is merge mining for VIA, that solved block hash is accepted by VIA blockchain as ProofOfWork (not 1:1, depending on the hash complexity, e.g. solving 1 LTC block grants you 3 VIA blocks - this is ultra simplified, just for giving a rough idea!).
So even if the reward from VIA goes near zero, it is actually still cool for a miner to do merge with VIA cuz he doesnt have to use any resources to get a small additional reward (plus the fees).
When a miner mines a block for LTC, it will get LTC rewards. If he is merge mining for VIA, that solved block hash is accepted by VIA blockchain as ProofOfWork (not 1:1, depending on the hash complexity, e.g. solving 1 LTC block grants you 3 VIA blocks - this is ultra simplified, just for giving a rough idea!).
So even if the reward from VIA goes near zero, it is actually still cool for a miner to do merge with VIA cuz he doesnt have to use any resources to get a small additional reward (plus the fees).
Yes, I understand what merged mining is, what I don't understand is why solving 1 LTC block grants you 3 VIA blocks since both coins are using the same hash function, but lets say this is by design, maybe this has something to do with the difference in block-times.
When the mining rewards are getting very small I don't think that miners are very interested in keeping the coin alive when they have to make changes to their code-base to keep things working. You already see this happening right now, it takes very long before f2pool starts signaling segwit for VIA, it gives me the impression that it has not a high priority for Wang Chun (if any) otherwise it would have worked already (assuming the bugs in 0.13 are solved by now).
July 28, 2017, 05:33:28 AM
My guess is Clearwater is from the previous developer. Not sure how that would work.
Yes, clearwallet was from the previous dev, but seems a lot of VIA are trapped there.
We need a tool to get via private keys from clearwallet wallets, I have my clearwallet pass phrase, and will pay 5k via bounty if someone installs working clearwallet wallet so I can get my via out.
Good bounty, eventually those 5K VIA well get some action, but very disappointing the dev doesn't care to help his community - everyone only follows the master of MONEY
July 28, 2017, 02:06:38 AM
Meaning that: With a very high probability, as long as LTC gets mined, VIA will get mined, too.
July 28, 2017, 02:05:04 AM
Basically merge mining works like this:
When a miner mines a block for LTC, it will get LTC rewards. If he is merge mining for VIA, that solved block hash is accepted by VIA blockchain as ProofOfWork (not 1:1, depending on the hash complexity, e.g. solving 1 LTC block grants you 3 VIA blocks - this is ultra simplified, just for giving a rough idea!).
So even if the reward from VIA goes near zero, it is actually still cool for a miner to do merge with VIA cuz he doesnt have to use any resources to get a small additional reward (plus the fees).
When a miner mines a block for LTC, it will get LTC rewards. If he is merge mining for VIA, that solved block hash is accepted by VIA blockchain as ProofOfWork (not 1:1, depending on the hash complexity, e.g. solving 1 LTC block grants you 3 VIA blocks - this is ultra simplified, just for giving a rough idea!).
So even if the reward from VIA goes near zero, it is actually still cool for a miner to do merge with VIA cuz he doesnt have to use any resources to get a small additional reward (plus the fees).
July 27, 2017, 09:23:53 PM
Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA
Reward per block: 0.3125 $VIA
So when will we hit 23million?
And what happens next? Hashrate down to almost zero?
you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc
In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.
I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
Maybe I'm mistaken but I always thought that transaction fee and miner rewards are two totally different things, and that miner rewards are created out of thin air, otherwise how can there be coin inflation?
Of course you can program this in every way you want, to know what is really going on you have to examine the source-code in detail and that is something I never did.
They are 2 seperate things. Miner rewards are the coins created with each found block. Tx fees are the fees paid by people moving/sending via from one place to another. The miner who finds the block gets the new (miner rewards) and all of the fees from the transactions bound in that particular block
July 27, 2017, 09:20:13 PM
I'm compiling the executables for Viacoin 0.13.3 official release!
Expect more news coming up.
Expect more news coming up.
Awsome great to hear
July 27, 2017, 07:52:14 PM
I'm compiling the executables for Viacoin 0.13.3 official release!
Expect more news coming up.
Expect more news coming up.
July 27, 2017, 07:30:00 PM
Big advantage when holding a big bag for VIA coins since a few weeks ago but I've sold it and re-bought some now for long-term investment.
I think VIA is definitely worth it to be considered a long-term holding.
I def hope so, hopefully after august 1st the coin can go to the moon
July 27, 2017, 12:35:59 PM
Big advantage when holding a big bag for VIA coins since a few weeks ago but I've sold it and re-bought some now for long-term investment.
I think VIA is definitely worth it to be considered a long-term holding.
July 27, 2017, 12:27:28 PM
It seems the mining rewards for VIA have changed quite a lot, originally it was:
Code:
int64_t GetBlockValue(int nHeight, int64_t nFees)
{
int64_t nSubsidy = 0;
int tHeight = 5256000; // reduction frequency: 3600 * 365 * 4
// different zero block period for testnet and mainnet
// mainnet not fixed until final release
int zeroRewardHeight = Params.AllowMinDifficultyBlocks() ? 2001 : 7001;
int rampHeight = 43200 + zeroRewardHeight; // 4 periods of 10800
if (nHeight == 0) {
// no reward for genesis block
nSubsidy = 0;
} else if (nHeight == 1) {
// first distribution
nSubsidy = 10000000 * COIN;
} else if (nHeight <= zeroRewardHeight) {
// no block reward to allow difficulty to scale up and prevent instamining
nSubsidy = 0;
} else if (nHeight <= (zeroRewardHeight + 10800)) {
// first 10800 block after zero reward period is 10 coins per block
nSubsidy = 10 * COIN;
} else if (nHeight <= rampHeight) {
// every 10800 blocks reduce nSubsidy from 8 to 6
nSubsidy = (8 - int((nHeight-zeroRewardHeight-1) / 10800)) * COIN;
} else if (nHeight <= tHeight) {
// first 4 years
nSubsidy = 5 * COIN;
} else if (nHeight <= (2 * tHeight)) {
// next 4 years
nSubsidy = 4 * COIN;
} else if (nHeight <= (3 * tHeight)) {
// next 4 years
nSubsidy = 3 * COIN;
} else if (nHeight <= (4 * tHeight)) {
// next 4 years
nSubsidy = 2 * COIN;
} else if (nHeight <= (5 * tHeight)) {
// next 4 years
nSubsidy = 1 * COIN;
} else if (nHeight <= (6 * tHeight)) {
// next 4 years
nSubsidy = 0.5 * COIN;
}
return nSubsidy + nFees;
}
{
int64_t nSubsidy = 0;
int tHeight = 5256000; // reduction frequency: 3600 * 365 * 4
// different zero block period for testnet and mainnet
// mainnet not fixed until final release
int zeroRewardHeight = Params.AllowMinDifficultyBlocks() ? 2001 : 7001;
int rampHeight = 43200 + zeroRewardHeight; // 4 periods of 10800
if (nHeight == 0) {
// no reward for genesis block
nSubsidy = 0;
} else if (nHeight == 1) {
// first distribution
nSubsidy = 10000000 * COIN;
} else if (nHeight <= zeroRewardHeight) {
// no block reward to allow difficulty to scale up and prevent instamining
nSubsidy = 0;
} else if (nHeight <= (zeroRewardHeight + 10800)) {
// first 10800 block after zero reward period is 10 coins per block
nSubsidy = 10 * COIN;
} else if (nHeight <= rampHeight) {
// every 10800 blocks reduce nSubsidy from 8 to 6
nSubsidy = (8 - int((nHeight-zeroRewardHeight-1) / 10800)) * COIN;
} else if (nHeight <= tHeight) {
// first 4 years
nSubsidy = 5 * COIN;
} else if (nHeight <= (2 * tHeight)) {
// next 4 years
nSubsidy = 4 * COIN;
} else if (nHeight <= (3 * tHeight)) {
// next 4 years
nSubsidy = 3 * COIN;
} else if (nHeight <= (4 * tHeight)) {
// next 4 years
nSubsidy = 2 * COIN;
} else if (nHeight <= (5 * tHeight)) {
// next 4 years
nSubsidy = 1 * COIN;
} else if (nHeight <= (6 * tHeight)) {
// next 4 years
nSubsidy = 0.5 * COIN;
}
return nSubsidy + nFees;
}
July 27, 2017, 07:07:05 AM
Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA
Reward per block: 0.3125 $VIA
So when will we hit 23million?
And what happens next? Hashrate down to almost zero?
you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc
In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.
I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
Maybe I'm mistaken but I always thought that transaction fee and miner rewards are two totally different things, and that miner rewards are created out of thin air, otherwise how can there be coin inflation?
Of course you can program this in every way you want, to know what is really going on you have to examine the source-code in detail and that is something I never did.
Hoi Joost (you're Dutch right?)
That assumption is correct. I would recommend to read up a bit on it, because you're really asking very basic questions which are just a matter of putting a little bit of effort in (being inquisitive is good as long as your questions are about insight, otherwise it just seems a bit lazy). I would recommend reading this article on transaction fees: https://blog.blockchain.com/2016/12/15/bitcoin-transaction-fees-what-are-they-why-should-you-care/ (If you end up not being Dutch, I'm sorry for being so direct
)You are right in stating that I'm Dutch.
What I mean that things holding for Bitcoin doesn't necessarily have to hold for another coin like VIA.
It is not very difficult to build a coin by slightly modifying bitcoin core and give the coin a totally different behavior, everybody with basic understanding of C++ and public key cryptography can do this. The only way to determine how a coin really works is by examining the source of the specific coin, and yes I'm too lazy to do this because it doesn't interest me enough.
Happy you're Dutch, so I could be direct
You can ultimately find the mechanism when looking at the main.ccp file in the source: https://github.com/viacoin/viacoin/blob/master/src/main.cpp
I think this is the main interesting part:
Code:
} else if (nHeight <= (zeroRewardHeight + 10800)) {
// first 10800 block after zero reward period is 10 coins per block
nSubsidy = 10 * COIN;
} else if (nHeight <= rampHeight) {
// every 10800 blocks reduce nSubsidy from 8 to 6
nSubsidy = (8 - int((nHeight-zeroRewardHeight-1) / 10800)) * COIN;
} else if (nHeight <= 1971000) {
nSubsidy = 5 * COIN;
} else { // (nHeight > 1971000)
int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
// Force block reward to zero when right shift is undefined.
if (halvings <= 64) {
nSubsidy = 20 * COIN;
nSubsidy >>= halvings;
}
}
// first 10800 block after zero reward period is 10 coins per block
nSubsidy = 10 * COIN;
} else if (nHeight <= rampHeight) {
// every 10800 blocks reduce nSubsidy from 8 to 6
nSubsidy = (8 - int((nHeight-zeroRewardHeight-1) / 10800)) * COIN;
} else if (nHeight <= 1971000) {
nSubsidy = 5 * COIN;
} else { // (nHeight > 1971000)
int halvings = nHeight / consensusParams.nSubsidyHalvingInterval;
// Force block reward to zero when right shift is undefined.
if (halvings <= 64) {
nSubsidy = 20 * COIN;
nSubsidy >>= halvings;
}
}
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