Topic: [ANN][VRM] Verium PoWT | CPU mining | scrypt² | Scaling | New Roadmap Released - page 99. (Read 250025 times)

I can not synchronize my wallet, the speed is very slow, I added in the forum to find all the synchronization node, but still not any help, there can be downloaded Blockchain synchronization file?
 I add the synchronization node information:

addnode= vrmsupernode.vericoin.info
addnode= vrmsupernode3.vericoin.info

addnode= 104.131.191.6
addnode= 138.68.62.237

addnode= poolinat0r.com

You can use any "normal" scrypt-n pool soft, just edit the Scrypt-Scratchpad Buffer in scrypt.cpp or scrypt.h to meet the (insane) setting of Verium and pass "19" to the N factor of the miner when mining..

How can I edit p2pool to work for the Verium algorithm? From what I see it is for Bitcoin mining; I only found a module for running Litecoin scrypt

I'd advise against spamming Poloniex with requests, better to pay 3 BTC to Bittrex.

I've gotten 4 blocks since launch with 600 hms...just being persistent will get you a block. Nothing to do with luck...

Here's a quote from @effectstocause one of the Dev's of Vericoin and Verium on mining Verium,

"Another factor everyone also must consider is the number of blocks that pass per day and the number of miners there are. If there are more miners than blocks per day, not everyone will get a block in one day, those that do will have more power on average for sure. Those that do not will get in the next day, or next etc. As the blocktime decreases the number of blocks goes up per day proportional to the power (usually also the number of miners). So in most PoW if you don't get blocks in the beginning you never will, this is not necessarily the case with a variable blocktime, there will be more blocks per day when power increases. This too will help to keep it possible to find a block given enough power. Additionally the reward is decreasing as the blocktime decreases, but there are more blocks so still almost as many coins are coming out per day.

Also, the more miners there are, the more demand there is, and less supply is in each miners hands. Because the coins are more spread out, more demand and less concentrated supply distribution should in theory result in increased value. So if you are getting less coins than you thought it also likely means the coins you do get will be more valuable.

One more thing. When mining ETH say at a pool you may get 0.002 ETH every couple hours or more, if you get 7 VRM in two days from one block it's also a lot, it just comes in larger chunks. That is why I added the time estimate so people could gauge an estimate of when they are most likely to get a block based on their hashrate and the network rate. In the end though it adds up to the same thing.

In conclusion you may have to think outside the typical PoW context to see the whole picture here for PoWT and CPU mining, but as @Alben said it's quite lucrative by the numbers over the course of a month. The average price paid for Verium in the ICO was about $0.60, by all rational logic, the actual price should be higher than the presale price, otherwise no one would have invested into the presale. So each block right now may be worth more than $4. Assuming conservatively the price stays at the ICO presale price. "

Just being persistent will eventually get you a block, remember Verium is supposed to be hard to mine. The dynamic between Vericoin and Verium one being the Commodity and one being the spendable currency backed by the commodity is what will be the innovation here.

no way wallet not synced, showing its synced 100%
then still showing 1315block and 1313 and cannot mine wont mine, the one who is got the azure 1000cores server.

you wont get any..

It's all just luck though, I get approx 250 h/s running in the background (2/4 cores) behind kodi on my htpc... and have found 2 blocks in the past 48 hours.

Not found a single block the past 48 hrs on 870H/m... we need a pool.

Thanks for the info. I wonder if it will really be a minimum of 6 years.  Just looking at the last 100 blocks I see that took 7.5 hours, so say 320 blocks a day at around 7 vrm a block right now = 2240 vrm/day.  Roughly 2.2 million vrm left to mine, so at current rate would take less than 3 years.  I guess block rewards are likely to go down though.

Sounds like the blockchain is still syncing  



This post says 2.7 million eventually:

According to the blockchain explorer as of this post there are 574,653 VRM in existence. How many are left to be mined?

Please fill this in   https://poloniex.com/coinRequest

What about p2pool ? Just visited old thread. Old but still active !

will any exchange add verium?? 

Perhaps I can setup a pool if you tell me how to! I'm not a developer but I can try. It needs Ubuntu right? and VPS?

I have a computer which runs 24/7 and has a stable internet connection but its also used for other tasks and runs Windows 7. Can I setup a pool on that?

How to mine Verium on Windows.

https://www.youtube.com/watch?v=R0ACMz8KN1I

i have 3 computers at about 600 h/m, got 2 blocks day before yesterday, nothing yesterday.

24 h mining at 1000 h/m and no one coin  
We need pool.

I got 14 VRM in 24 hours with a 700 H/min, but now for the past 50 hours I haven't got any! This is weird   

OP checked ?