Run Viacoin VIA Mining Software

A Beginner’s Guide to Mining Siacoin. In order to run a Siacoin miner, you must install the correct library for the mining software to communicate with your.

Most seek the safety net of a pool for mining. Running a gpu for hours or days and getting zero coins requires patience. In simple math if you mine any proof of work coin solo your yield each day should average out to the same you can earn in a pool or actually more if the pool charges a fee and still more if the pool payout is a pplns system as with solo mining there are no 'ramping up' rounds. Still in todays world of mining coins I know I am a member of a small minority who prefer to solo mine.

Here are the basics (I may edit & expand this later) 1) I will assume you are on win x 2) download qt wallet 3) 'synch up' blockchain 4) close the client and find the file folder C: computer root Users xxx AppData Roaming Yourcoin 5) although I may edit this in the future this is for scrypt 1024 (litecoin) based coins or sha 256d (bitcoin) based coins only. For n factor, Groestl, DarkCoin & all others I will add to the post later. Here 'C' is your local drive (on some systems may be named different) root is LocalDiscC where C is your local drive (same thing here) xxx is your name or log in on the system and Yourcoin is the name of your coin.

5) Inside that folder make a new text file which should normally contain the following server=1 listen=1 daemon=1 rpcuser=X rpcpassword=Q rpcallowip=localhost rpcport=y port=z (x is you name, P is your password, y is the rpc port the coin uses and z is the communication port the network uses. The rpcport on MOST coins can be set to anything but not all coins work this way. The port line can usually be left out as can the listen and daemon lines. Including these lines increases your chance at getting a solid connection to the network. If the coin ANN thread or description has any nodes listed make a line for each one and add those like this addnode=h.h.h. How Much Money Do You Make ZClassic ZCL Mining here. h addnode=j.j.j.j h and j are the octets of the ip address, sometimes a domain is used.

6) Rename that file Yourcoin.conf (note -- not Yourcoin.text.conf or it won't work.) upper and lower case should not matter on windows when naming your conf file but spelling the coin correctly matters. Save it as a read only file. Restart the coin client again.

7) Start up your favorite mining program replacing the address you used to pool mine with -u X -p Q The values of y,X, and Q are as above. If mining sha 256d coins with a gpu use command (for cg miner) --hotplug 0 I plan to update this guide soon with more detailed information and will include suggestions for settings of scan time & other tips to help you. Update 1 Sept 2014 How to solo mine cryptonote coins Cryptonote based coins (see the section here on the forum) are not forks of bitcoin and most do not have even a gui. They are run on command line and it is actually easy to solo mine them once your wallet is set up.

Here is a short guide on how to solo mine them. Download the coin for your system, you will get the best results on windows systems 64 bit Lets use Quazar Coin as our example here. When you unzip the file you see a few things there. Unzip them to where you want to keep your wallet and when ready start QuazarCoinD and it will start downloading the blockchain.

It may take a while. If you cannot do this in one session type on the command line exit so it saves your progress or you will be starting over again (save) also should work It may take a day or so (or more as the blockchain grows taller) to get it downloaded at somepoint it will say you are synchronized and you can start simple wallet.

I strongly recommend you type exit at this time store the blockchain, wait, and after the 'dos box' type window closes, fire it up again, It should give you this same message pretty quickly, now you are ready to start simplewallet. Double click on it and since it is your first time starting it you have to create a wallet name and password. Don't forget it. (note this is not a comprehensive guide on how to use these coins - you can find that elsewhere just how to set up for solo mining) at this point your wallet should show your wallet address (normally much much longer than the base 58 type addresses used with bitcion) and a balance of zero type refresh it should count up after it does type start_mining x where x is the number of cores of your cpu you want to go to work. If you have an 8 core machine you may want to use just 7 or 3 on a 4 core machine.

If everything goes well in the daemon window which must always stay open if your wallet is open it will say how many threads have started mining. In the daemon window you can type show_hr to have it display how fast you are mining If you hit a block you will see evidence of such in the daemon window if you are actually watching when you solve it and after it matures you will have access to the coins by typing refresh in simple wallet everytime you close down before you close down type save in simple wallet and exit in the daemon note to stop mining just type stop_mining in the simple wallet window A few tips and points here. Since this is about solo mining not how to use these coins I skipped a lot of things like how to lock your wallet, how to send coins ect.read the instructions. I would strongly suggest you NOT solo mine bitmonero, due to it's popularity the network difficulty is so high your chances of solo mining a block with a cpu are probably about as good as solo mining a block of litecoin with a cpu at this point.

There are lots of places you can look up information on how to get the highest /best performance out of your cpu so I will provide a link. Also there are miners you can get and some can be used for solo mining. Some are closed source and used for pool mining only. I have left them out of this brief basic introduction since there are many other places on the forum you can look up how to use those tools, this guide is for solo miing only!!!

Viacoin (Symbol  ) was released on the 18th of July, 2014. What Determines The Value Of A Syscoin SYS. There was a, selling 10,000,000 VIA for 610 Bitcoin over a period of 8 days in July, giving buyers a price of around 6100 satoshi.

The coin was released by BtcDrak, or “Drak,” who started off as a prominent trader on the Bitcoin scene. Since October he had decided to launch his own coin, which is reflected on in his “” blog post that gives some insight into why he’s not using another coin for his project. He identified the need for a different coin to allow use of its blockchain for services exclusively, after focusing on the efforts of Mastercoin which used the Bitcoin blockchain to build on.

Unfortunately, the Bitcoin core developers do not like the idea of adding more data to the blockchain, and they combated this by lowering the maximum storage space in a portion of the Bitcoin blocks, the portion other coins had used to build from. We discussed Viacoin and their related projects with Drak on Skype, and found him to have a pragmatic approach to his projects and announcements. Rather than promising the world and only delivering an atlas, he prefers to have things figured out technically before releasing them publicly. This is a refreshing way of developing in this industry, where many tend to overestimate their goals publicly. He also believes in the open source nature of programming in general saying, “If an idea is good, then what will tend to happen is people who have never met each other will tend to invent the same stuff.” With Bitcoin being open source, and seeing the myriad of other coins come up based on the same original code, this seems like the right idea going forward. “A lot of people go through stages when they learn programming. One is sort of.’it’s my idea and I want to be the first.

I want to present this software to the world and [have people] see how clever I am’. As time goes on you see that maintainability of code creates a big issue, and there are already things that have been done well.” -Drak The primary goal for Viacoin is to develop in a way which supports the practice of storing additional information on the blockchain; is the protocol for this.

Is currently running on top of the Viacoin blockchain, and offers a peer to peer exchange, asset creation, betting, gambling, and more. The keys to unlock your wallet (a 12 word passphrase) are stored in memory on your local machine, so you are the only one with access to your coins. This is counter to the typical exchange model where all of your assets need to be loaded onto the exchange before you’re able to transact with them. This means there’s no exchange to go insolvent, and you still have sole access to your private keys. Additionally, since the wallet is web-based, you can log in from any browser as long as you have your 12-word passphrase. Clearwallet is the Viacoin version of Counterwallet for Bitcoin.

We wrote a story about which also covered some of the Counterparty core features, and Drak released the following video on August 12th, 2014 with some basic usage information inside Clearwallet. Similar to Counterparty, a portion of Viacoin are being “burnt” to jump-start coin distribution for the tokens on the platform; called Counterparty Tokens. In the case of Counterparty, the burnt coins were Bitcoins being sent to a special address called an exodus.

An exodus address is a manually created address which is extremely unlikely (almost impossible) to ever have a private key determined for it. Coins sent to addresses such as this are typically considered destroyed or burnt. With Clearinghouse, however, the coins are being sent to a working address held by Drak, as there is no technical requirement to use an exodus. These coins will be used for further development. At the time of writing the total number of Via sent to the was over 830,000. This is roughly 300 BTC worth of Via, but the price has moved quite a bit throughout the process.

“If you have a drop of water in your hand and you try to hold it, it just evaporates; but if you add them to the ocean they never go away.” -Drak This conversion process began on August 11th, 2014. It will run for a total of 45 days, leaving the final conversion opportunity on approximately September 26th. This date is based on a block number, so it’s not an exact time. The final block number is 251100, at which point all Clearinghouse Tokens will have been issued and no more will be created. The conversion ratio started at 100 XCH for 1 VIA and is slowly lowering down to 85 XCH per VIA by the end of the process.

What really separates Clearwallet from Counterwallet, in its current stage, is the speed with which operations can be performed on the platform. In the previous video this is quite clear, considering time-lapses aren’t required between each activity within the wallet. Since Counterparty works on top of Bitcoin blocks, it requires a Bitcoin block to solve to perform each action inside the platform; spending coins, placing orders on the exchange, etc. Bitcoin blocks can run a bit slowly for some of these operations, so with Viacoin’s 24 second block times these elements became more responsive. It behaves more similarly to a traditional exchange, and less like a turn-based strategy game. On July 31st, 2014 Viacoin announced the employment of Peter Todd, to dedicate up to 50% of his time toward Viacoin projects. On the week of September 8 th, 2014, Peter and Drak met in person in the UK to discuss projects.

Peter brings knowledge from working on the Bitcoin Core code, and specifically, to the Viacoin team. A dedication of 50% of his time is quite significant when you review his activity. Viacoin Hires Peter Todd — viacoin (@viacoin) On August 28th, 2014, Drak posted the video below with some updates on what they’re working on, most of which has been covered already.

Here's my presentation/update — ฿tcDrak (@btcdrak) Peter is currently working on implementation of a feature to allow “locking” a specified amount of coins (an input) to prevent their spending within a certain time period, or a block height. Once completed, this feature will allow users to decide how long they’d like to lock their funds independently, without requiring a third party to arbitrate the situation. The blockchain becomes the arbiter, and the blockchain is not biased.

This allows a couple of different scenarios, with “timed escrow” being the easiest for most people to relate to. Consider inheritance in a trust situation that requires no lawyers. This is referred to by Peter and Drak as “CHECKLOCKTIMEVERIFY,” named after the portion of the blockchain holding the information to make this work. “There are quite often times, when you want to prevent money from being spentsuch as inheritance.” -Drak Viacoin is also accepted by a charity platform called as well as giftcard seller and payment processor.

They’re working on integration with Expresscoin, with on their blog stating, “Viacoin and Expresscoin have teamed up to bring Viacoin to point of sale, payment gateways, ATMs and related services.” Expresscoin are adding support: will be coming to ATMs and Android. — viacoin (@viacoin) Viacoin has consistently developed their platform since release, and has delivered important milestones so far. We look forward to hearing more about them and working with Drak again in the future.

We anticipate great things to come from Drak and the rest of the team! Below you will find many of the resources included inside the article. Resources: Block Explorers.