Oscar, "the miner chief" of our Team, on reddit:
PART 1:Hi people! A few words to explain you why mining is important for any coin (obviously for VTA too) In a 2nd post I'll try to teach you how and where to mine...
1) We need a fast network: One of the most valuable things of a cryptocoin is that transfers/transactions are much faster (minutes) for example than a bank transfer (1 or 2 days). We must act to keep fast VTA transactions, at this moment there are several pending wtihdraws, etc, it's not very attractive to people waiting and waiting for his coins. So, where are the transactions?? Answer: VTA regularly generates blocks. inside these blocks we found the transactions. If no one mine that block transactions will not appear in our wallets.
2) A strong network: It's a very important thing that mining work don't be concentrated in a few big miners because they can control VTA prices, liquidity, etc. So we need to be a lot of miners mining together to fight/prevent the 51% attacks etc
Sorry for the bad english (much better in catalan or spanish)
PART 2:Someone (ore more than one) is mining with a big rig with a hashrate of 1 Ghash (cryptoid info) or 15 Ghash (p2pool info). I don't know which of these two numbers are the correct. Let's figure out the worst scenario: 15 Ghash... We need to reach at least the same Ghash.
Family: it's a very big rig: what can we do??1 Ghash=1000000000 hash
1 Mhash=1000000 hash 1 Khash= 1000 hash
A single miner with a pc has a 100000 hash (aprox) so we'll need 10000 pc connected at the same time: whoa!! It's a big number of users but if we want to see VTA like a success must happen
Let's do a little maths: renting a 1 Ghash rig costs 0,091 btc per day, so one month is about 2,73 btc. One person can't afford these numbers but the community can distribute this effort. Everyone must know how can contribute (pc, renting, etc)
Here are some prices for renting scrypt rigs (i use
www.miningrentals.com)
Things to do 1) The pool Go to
https://prohashing.com/ and register. Then log in and add Virtacoin with the add new coin button, adjust the percentages between VTA and BTC. You will see a box for VTA wallet for withdraws. Save percentages and wallets.
2) Mining with a rented rig Go to
www.miningrentals.com and register and login. At the top of the page will see btc sign: here you must deposit your btc to rent the rigs. Once you have money in your balance go to Rigs menu and select
SCRYPT rigs Here select the rig you want to rent. Inside the rig you will see a box with the hours to rent and the price of them; if it's ok press rent now! button and setup the worker:
press add pool blue button and fill the boxes with this information
Host: stratum+tcp://prohashing.com:3333 username: your username in prohashing pasword: 'c=virtacoin m=solo' (this allows the miner to mine only VTA) Save changes and press the pay now button. Miner is working in a few secs or mins. Then you can login to prohashing to view the progress
3) Mining with your pc For this part i need more time to prepare it properly, there are many different software, etc.
Nobody mines this coin because it's only 2 sats so if they mine this coin, it means they throw out their money . it's not worth mining, guy