HI,
One of the most complicated wallets to setup im so confused now.
There is VeriCoin wallet which i have downloaded and synched.
No idea if you can mine to this wallet? i have not found anything conclusive.
Then there is Verium wallet which is also installed but it is out of date it does not synch.
I am not sure if the 2 wallets work hand in hand.
I notice the Verium wallet has a mining option, possibly CPU only.
I dont understand which wallet i should use for mining, and how you should mine, and with what miner.exe for windows, because this is a part that most of these coin starter forgets to mention, which is so frustrating.
so i guess my question is :
which wallet must be used for mining
why is my verium wallet not synching - it says 0 connections
if you can mine then how so, within the wallet/s
can you use GPU and CPU
can you mine with 3rd party miners and which are they and how do you do this solo
thanks
Sorry your finding it confusing but it's really simple. The Binary-Chain will merge both chains of VeriCoin(Proof of Stake Time) and Verium(Proof of Work Time) into a parallel chain working together. This will speed up both chains and allow faster blocktimes, faster transaction speeds and better security.
VeriCoin is staked in wallet which you will gain interest on the amount you hold in your wallet.
Verium is mine-able with a CPU only with the wallet miner. There are 3rd party mining software for use on pools and I do believe there is one for solo mining as well.
Both VeriCoin and Verium will be in one wallet (Gemini) which is being developed. This will allow you to stake and mine at the sametime further securing the network. Since Gemini is still in development we have two wallets currently, most people in the community are running both at the sametime with no issue. You can learn more at
www.vericoin.info
As for the connection issue it happens in 10% of installs mostly on windows machines. We have fixed the issue and are testing it and will be released in the next wallet update. There is a temporary fix for the connections here
http://resources.vericoin.info/category/technical-support-files/