Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
This whole thing is as preposterous as it could be. And then some. Like asking a one legged man to run the 500 meters in under 1 minute. Even less likely.
The devs that we have cannot implement the simplest of things -like a working wallent, or a multi-pool-, and you expect them to create a decentralized exchange?
what are you nuts?
The devs that we have cannot implement the simplest of things -like a working wallent, or a multi-pool-, and you expect them to create a decentralized exchange?
what are you nuts?Lol! You have such a penchant for drama and exaggeration!
I have no idea what problems you're having with your wallent, but my wallet works just fine and has been working that way for quite a long time. I leave it running 24/7 and it handles private key imports and exports, internal coin transfers, outgoing payments, interest payouts, and regular incoming payouts from the VeriPool without a hitch.
As for the VeriPool, that has also been working beautifully for weeks. Yes, it would be nice if the VeriPool website reported better stats, but that's the website, not the pool; the pool itself has been working quite well. I've received ~ 280 coins in the last 48 hours from the VeriPool (with ~21 - 23 Mh/s) , which is not bad at all!
There is definitely a lot of confusion about the VeriPool, much of it understandable. Until there's a better official description in place, this will have to suffice:
Quote
The VeriPool handles payouts differently than other pools. It may take up to 24 hours before you begin to receive payouts. The pool pays per block as opposed to on a fixed schedule. When you do start to receive payouts, they will likely be smaller than expected at first; you will receive a portion of what you've earned for each block while the remaining balance is put into the OBA (Optimized Buying Algorithm).
The OBA monitors the exchanges for trends and will hold all of the coins until it thinks it can get the best trades; this may be a few hours or even a day or more. Once the OBA makes some trades, you will begin to receive larger payouts.
It may take a day or more for the payout frequency to "stabilize". During this period, as mentioned above, you'll be earning more coins than you're receiving. Don't worry, tho! Those coins are not lost, they're simply being held by the OBA as it attempts to maximize your profits. When you stop mining, you'll likely continue to receive payouts for up to five additional days until all of the coins that you've earned have been paid.
If VeriCoin is experiencing a lengthy upward or downward trend on the exchanges, the OBA may sit on the coins for a longer period of time (sometimes days). During this time, you may notice that payouts occur less frequently or even stop completely. Don't worry; they WILL resume! When they do, the first few will probably be larger (possibly significantly larger) than your previous payouts.
The OBA monitors the exchanges for trends and will hold all of the coins until it thinks it can get the best trades; this may be a few hours or even a day or more. Once the OBA makes some trades, you will begin to receive larger payouts.
It may take a day or more for the payout frequency to "stabilize". During this period, as mentioned above, you'll be earning more coins than you're receiving. Don't worry, tho! Those coins are not lost, they're simply being held by the OBA as it attempts to maximize your profits. When you stop mining, you'll likely continue to receive payouts for up to five additional days until all of the coins that you've earned have been paid.
If VeriCoin is experiencing a lengthy upward or downward trend on the exchanges, the OBA may sit on the coins for a longer period of time (sometimes days). During this time, you may notice that payouts occur less frequently or even stop completely. Don't worry; they WILL resume! When they do, the first few will probably be larger (possibly significantly larger) than your previous payouts.
You frequently insist that you speak the truth (as you see it). While that may be the case, it's quite clear that you often see the truth differently than others... and that you sure do like to bend that truth to fit your own agenda.
