Thought I drop this info since I wasn’t aware this was a thing with p2pool mining. Gotta commit 24-48hrs to a particular pool to expect payout. ' P2pool is using some method to prevent pool hopping. The payout you get is calculated over the last 12 blocks the pool found (30 hours on network 2, about 10 hours on the first network if you can compete).

So for that duration your payout should increase as you contributed only to the new found blocks. Luckily shares are valid for 36 hours, so the probability to loose submitted shares is very low. Another aspect of that method is, that you will receive payouts for a while even after you have stopped mining. Had you gotten the local node up? Payout in p2pool is very bad now as there is a sharp increase in share difficulty in network 1 and 2 as miner from nicehash are using OCM ease of usage to mine vtc in p2pool network 1 and 2 causing massive pump in hash power in the pool resulting in super high share difficulty which is bad for small miner experiment fail.

Posts Tagged ‘Vertcoin (VTC). There are assembler optimized kernels available for some of the supported GPUs for the best performance and the. Mining Software. Vertcoin P2Pool FAQ • r/vertcoin. Lately there have been a lot of posts asking. I use OCM only for the nodes, for miner i run it separately, miner can be found on top, it is the same miner use by OCM. For share difficulty address/256+. Will pickup next pool in your list. I'm currently mining off a free pool with ccminer, 0% fee. Free Emercoin EMC Mining.

Support is ending SOLUTION?>new network P2pool vertcoin network 3! I had jump from network 2 to 3 ( which is still in experimental phase ) for payout. I was able to setup a local node on my home computer. I spent about 2 hours yesterday at the office where our mining rigs are trying to setup a local node.

I wasn’t able to get it up and running. Last night, while I was at home, I thought of a solution. I tried my solution out this morning and was able to setup a local node at my house. I have not set it up for external use yet as there are some port forwarding configurations I have to do. I ran out of time this morning because I had to go to work. I believe you assumption is correct.

People are going from Nicehash to OCM. Nicehash says they will be back up and running soon. That might help but I think people are going to see how profitable VTC is and not move back. Another thing that is coming is the VTC halving that I just posted about. We are about to go from 50 VTC rewards to 25 VTC. This could also push a lot of people off the network. I believe that we will need to pay more attention to in the next couple of weeks.

There could be a switch in the most profitable coin. For now, I would suggest finding a pool with the lowest latency for you and continuing to mine.

What is Vertcoin? Vertcoin is a digital currency that can be sent between people over the internet. Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin. Vertcoin is not controlled by large banks or mining hardware manufacturers and can be mined by anyone profitably. Fairly distributed without a premine, ICO or airdrop, Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations.

A finite resource similar to gold, you can rest assured that Vertcoin will keep your money safe from vested interests and ensure that transaction fees are proportionate and shared between a large number of miners. With Vertcoin, you can truly be your own bank. Designed to resist centralization Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. Our developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware.

This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment. Specifications Algorithm: Lyra2RE(v2) Generation: 84 million Block time: 2.5 minutes Block Rewards: 25 coins per block Subsidy halves every 840,000 blocks (~4 years) Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well) Premine: Zero About our development team Our development and team of trusted volunteers are working round the clock to be active and work in an open source environment. We have a wonderful team who are passionate about cryptography, programming & in other fields (Building, Mining & Branding). Our developers and team are all volunteers. If you would like to help and donate. This is our: Note: Any donation is appreciated and will be used for future projects.

An address is the only thing needed to send or receive funds. It can be easily generated from any Vertcoin wallet. Vertcoin addresses always begin with V and contain 26-36 alphanumeric characters. After a transaction is made, funds will usually clear in less than 5 minutes.

There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount. A transfer of 100VTC would incur a fee of about 0.001VTC. The Main Network Block Explorer allows users to search all the blocks and transactions on the:.

The term mining stands for the process of validating transactions on the Vertcoin network and keeping it secure. In return for work, miners are rewarded with newly generated Vertcoins. Vertcoin offers 'Proof-of-Work (PoW)' method of validating transactions. Learn more about mining Vertcoin through our guide: Why Mine Vertcoin?

The Vertcoin developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware. This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment.