Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | PoS - Dynamic Interest | SMS | ANON
by
pnosker
on 02/07/2014, 02:19:32 UTC
snip (pool.vericoin.info), don't bother it's not worth it. Experimented by pointing a 1Th/s sha-256 miner at it for 24 hours and got $1.50 usd (5.63 vrc) worth of vericoin. snip
Yep I tried that too - 1Th Sha256 for 21 hours on the 27th/28th - totalled 33 VRC so far

nowhere near as profitable - BTC mining woulda generated 0.0318 but I only got 33 VRC = 0.01425 @ 43k
even at 55k its still only 0.01815

However there are still payments trickling in 3 days later - so results - not conclusive - but id be surprised if I get another 20+vrc



I have noticed the same thing. Point my lowly rigs at the x11 for a couple of days and I have still been seeing tons of little transactions (and no it is not the stake). It has been a week later and still have some.

Some clarification would be nice how it works

There are a lot of questions regarding the pool. We've been tweaking it as it's still in Alpha right now many times and there have been a few bugs that we have fixed. So please-- if this is your income, don't use it.

It is, however, quite profitable over time. It operates differently than other multipools. Instead of paying out every night, we pay out a portion of each block we hit and reserve a portion for the OBA. Instead of daily payouts, we pay out per block. But only if you've earned 1 VRC (sometimes it decides to be less lenient and will pay when 0.2 VRC is earned, for example). Then the payments trickle out over time as the OBA buys when it decides it's a good opportunity-- especially during dumps.

So, If you want a really accurate number for profitability, it's not possible to give you one. But in my experience mining SHA-256 and SCRYPT for a day then stopping, I am getting at least 20% more than mining at TradeMyBit.

It works oddly compared to conventional multipools, but that's how we can buy VRC at good prices.