Topic: [ANN][VRC] VeriCoin Proof of Stake-Time Currency | New Roadmap Released - page 859. (Read 1356163 times)

Great job guys. This coin gonna be outsdanding some day. Look now #3 volume @ coinmarketcap !!

There will ALWAYS be technical issues to be worked out. Those are the facts of life. If there are no issues, it simply means that there are no innovations. Look at what's happening. There is the VeriPool, SMS, ANON, and other projects in the works. Anybody who says that it's easy and there should be no technical issues is clueless about software development. Hell, I still have problems getting my DVD player to work right. Does that mean that Sony is incompetent? No. It means that they are pushing the envelope.

The VeriCoin developers are pushing the cryptocoin envelope far beyond what most people imagine. The VeriPool is NOT an easy task. I've had EVERY issue that I've seen mentioned in this forum using other pools too. They are not uncommon. There will be technical issues with every new project. That's why our developers have reached out to enlist the help of some of the top experts such as Daniel Kaminsky.

I'm glad that we have the development team that we have. They're bright, intelligent, and innovative. Most importantly, they're honest (so rare in cryptocoins). We have a winner in VeriCoin, and we have winners in our development team. I'm proud to be associated with them and VeriCoin.

Agreed for the most part..tis making for an interesting morning for sure.

Get a thread for multipool.

No one wants to hear everyone whining   when the coin is going through the roof!!!


I for one am very happy with how VRC is doing!!  


Go VRC!!!!!

I'd just like to point out that 0.00182 profitability is pretty good these days for scrypt. I've had three Innosilicon A2 90's running since the beginning of May and can attest to the declining returns across all pools over that time.

Given that a higher hashrate for the VRC pool will also contribute to its market price, it is a double-edged sword anyway because the payouts will be less as fewer can be bought on the market with the profits from the pool.

If you can reliably earn more BTC elsewhere and buy VRC before it has gone up in price then go for it. I just don't think the market will stay still that long right now.

just don't get caught holding bag

An official thread for something not even out of alpha seems a bit premature.

pumpty dumpty sitting on the wall

Given all the crap in crypto these days, I have to say this coin has rather given me my faith back that there's anybody honest around at all any more so far. I've spoken with PNosker, done background checks on him and Dan Kaminsky (40k Twitter followers and confirmed helping look at the anon features) and everything holds up.

Nothing here leads me to believe any kind of scam is occurring, and if there was it'd do extreme professional damage to both Patrick and Dan. Doesn't make any sense at all.

All in all the coin has a lot of support from me. I like that anon/privacy is being treated as a secondary feature - it's old hat in the scene IMO, and it's FAR more important that people have real world integration. The coin because of its dynamic interest staking and PoS model is far closer to fiat than most other coins. This is a huge boon, and I think between VeriSMS, dynamic interest staking incentivisation and incoming privacy-oriented features the only way this coin can fail is via FUD.

I've also seen the coin referred to as Darkcoin's kryptonite. They can't FUD the ever living hell out of it because it's NOT a direct competitor.

Great work guys, keep it up :-)

+1

The multipool issue hurts this coin...

Perhaps a seperate thread for 'VRC multipool' would help organize questions in regards to it a lil better? Just  aquick thought.

Take care

6/5 we didn't pay out and did a double payout on 6/6. We had an autopayout bug.

Ok, I think this will solve many mining problem issues.

YOU ARE NOT GOING TO BE GETTING AS MANY VERICOIN FROM MINING AS YOU WERE 5 DAYS AGO.

Ok, now that you know that, here's why:

X11 profitability is extremely low right now. It's 0.00028690/day profitability per MH/day at most.
Scrypt profitability is also low right now. It's 0.00182053/day profitability  per MH/day at most.

Let's just assume VeriCoin climbed from 0.00001 BTC per coin to 0.00015 BTC per coin over the last few days. If profitability was the same, you would be making 15x less coin. If you were mining 100 VRC a day before, you are now making less than 7. That's how it works when we have to buy coins at market prices.

Now it's even worse because X11 went down from 0.0035 BTC/day profitability per MH. Scrypt is down too.

So please don't come here and complain that you are being scammed because you aren't making as much as before.

So you don't want help because you think a fix is inevitable? Then what's your problem?

@pookielax31 Where did you notice in my post that I m making some accusations that someone is taking coins. I just said something is wrong. I also said that I m receiving coins but said that I m receiving maybe 10% of what I have earned according to 0.02 BTC earnings per day calculations.

@fiftyseven no interest from staking is another thing, for example I earned from staking 3.5 VRC on 6/5/2014 and from VeriPool for complete day of mining got nothing.

dude, you are starting to look like a real asshole now. if you don't like the coin, then leave.

That sounds like interest from staking?

Please PM me.

In fact, anyone with payout questions, just PM me. I can't track every one of you down every time.

Ok there is something definitely wrong with VeriPool and I m considering to stop mining.
Before this rise of price, if we assume that system buys VRC according to exchange rate that is on market in that specific moment, I should get about 1000 or more VRC per day, instead on that period I have got about 10 VRC in small amounts like this one 0.19314334. Then for about 15 hours nothing and then 2 payouts one about 10 and another about 13 VRC. In that period VRC price was 3 times higher but then again it is too low.
If we consider that if I mine any non profitable coin can bring me 0.02 BTC per day with the rigs I m using on VeriPool. Selling those coins and using those BTC can bring me more VRC, lot more than mining on VeriPool. In fact in the first day on VeriPool I earned more from the stake than from pool itself.
So, again there is no chance that something is wrong with my rigs or something else, most of us here have years of experience in mining and simple answer that work is in progress can't explain this.  

To those with questions/complaints about the pool:

Every time I've posted about it I've said it's in allpha. Because it's in Alpha, we haven't gotten X11 stats working right, our payouts are buggy still, and it generally isn't perfect. You will get paid out. You will make at least roughly what you would make mining litecoin unless the market tanks. Please wait for payouts. We are trying to do something most multipools don't which is pay out many times a day. If we don't, sorry.

When we find a block, it takes time to pay out. This is what has to happen:

1. Block found
2. Block maturity time passes (4 hrs for Doge for example)
3. Coins in block sent to exchange and orders made, some coins are stored for our OBA to process to enhance profitability. When the market is climbing like it is today the OBA sells immediately. When it's tanking, it waits.
4. Coins now sent back to VRC wallet and distributed once your balance >1 VRC

We have been having bugs with people mining to addresses that aren't VRC addresses. We are adding code to verify addresses now, but that held payments up for many hours over the past couple days.

Please make sure you are using a real VRC address or you won't be paid.


If you haven't been paid in over 24 hours pm me with your address, hash rate, and time spent mining.