soundposition



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Re: [ANN] Binary-Chain - VeriCoin and Verium - The First Dual-Blockchain Protocol November 15, 2017, 12:30:29 AM #36 Quote from: chefcryptoshark on November 14, 2017, 05:47:44 PM Quote from: soundposition on November 14, 2017, 03:56:20 PM Quote from: chefcryptoshark on November 14, 2017, 03:03:19 PM Quote from: soundposition on November 14, 2017, 02:39:36 PM I thought you could stake Verium, but I don't see how to do that in my wallet. I have very mature verium in my wallet, but I don't know how to stake it. Please help!!



P.S. Do I need to convert my Verium to Vericoin to stake them?



Verium is mined, Vericoin is staked.

Verium is mined, Vericoin is staked.

Thanks Chef. Which do you prefer? Mining Verium, or Staking Vericoin, or both?

Thanks Chef. Which do you prefer? Mining Verium, or Staking Vericoin, or both?

You gotta have some deep pockets to make staking worth it. Price is currently ~6600 sats, and several thousand are needed to make the magic happen.



You gotta have some decent hardware (used server with several CPUs with lots of cores) to make mining "worth it". Nothing some time on eBay and technical knowledge can't handle, but you better hope you have 1) government subsidized power, or 2) solar panels in the desert. Electricity usage can be high. I hobby mine, collecting dust in a pool for the fun of it (and because I can).



I think that as there is wider adoption, people will be interested in having their home PCs mining/staking from the wallets. Whether or not it is realistic to do so and expect any rewards blocks is to be determined, and is what I think will be one of the challenges that will need to be addressed in the future.

You gotta have some deep pockets to make staking worth it. Price is currently ~6600 sats, and several thousand are needed to make the magic happen.You gotta have some decent hardware (used server with several CPUs with lots of cores) to make mining "worth it". Nothing some time on eBay and technical knowledge can't handle, but you better hope you have 1) government subsidized power, or 2) solar panels in the desert. Electricity usage can be high. I hobby mine, collecting dust in a pool for the fun of it (and because I can).I think that as there is wider adoption, people will be interested in having their home PCs mining/staking from the wallets. Whether or not it is realistic to do so and expect any rewards blocks is to be determined, and is what I think will be one of the challenges that will need to be addressed in the future.

I appreciate these insights in a world full of uncertainties. I too collect dust from pools for the fun of it. The developers especially effectstocause are excellent.



I can't see people mining and staking from their wallets with the difficulty rising as people gain interest. Usually you get the solo rewards before people discover the opportunity. I don't know how people can mine solo competing with pools. That doesn't seem possible. I appreciate these insights in a world full of uncertainties. I too collect dust from pools for the fun of it. The developers especially effectstocause are excellent.I can't see people mining and staking from their wallets with the difficulty rising as people gain interest. Usually you get the solo rewards before people discover the opportunity. I don't know how people can mine solo competing with pools. That doesn't seem possible.