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Verium Mining

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Revision as of 11:43, 24 January 2018 by ParaplegicRacehorse (Talk | contribs) (Maintenance & Monitoring: +Miner.farm +Minera)

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The days of needing specialized computing hardware and sophisticated know-how to mine digital currency are over. Anyone can easily mine Verium. Just download the Verium Vault software to any computer, click mine and starting earning Verium, the digital gold that backs the digital currency VeriCoin. Verium is one of the few digital currencies that can not be mined by specialized GPUs and ASICs.By making it easy for anyone and everyone to mine Verium the project has created a more decentralized system.

Power Based Rewards

As mining power increases the reward slowly decreases, this mechanism makes the reserve commodity supply curve drop based on increased demand and can drive a value increase over time and increased usage.

General

The overall network can be viewed in the Live Global Mining Statistics.

Mining Software Guides

Source Code

The first mining software especially designed for Verium was provided by Douglas Pike aka effectstocause, one of the creators of this project.

Based on effectstocauses original miner fireworm has created an update which includes several optimizations especially for Linux (memory) and ARMv8 CPUs.

cpuminer, cpuminer-opt can be used as well.

Windows

Mac OS

Linux

Solo vs. Pool Mining

Solo

Rumours advice to have at least 15000 H/min for solo mining.

Pools

This mining pools are available. Follow up their "Getting started" pages:

How to set up a Verium Mining Pool.

Reminder: when solomining there is zero downtime, zero pool fees, zero withdrawal fees, zero trust, zero dependency, plus all transaction fees per block!

Fee efficient payout is 20 VRM (which will cost 0.2 fee).

Pool FAQs

Pool FAQs

Hardware

Hashrates

See a comparison of hashrates across a variety of processors!

Help us out by adding your hashrate to the growing database!

A hashrate profitability calculator:

  1. Please make your own copy of this spreadsheet by selecting "File > Make Copy"
  2. Make changes locally by entering your data into the green fields (the spreadsheet has been locked except for green cells to ensure continued functionality)

Hardware Buying Guide

If you are planning on purchasing hardware for VRM mining there are 4 main routes you can take. The fasted ROI can be had from used server hardware; the best long term profitability comes from used laptops and SBC’s.

  1. Used Server Hardware
  2. Used Laptops
  3. Single Board Computers (SBC)
  4. Desktops

The below table outlines the basic pros and cons of each build type:

Power Usage Upfront Cost Maintenance Burden Hashrate
Used Server High-Low Low-High Low High
Used Laptop Low Low Medium Low/Medium
SBC Low High High Low
Desktop Medium Medium Low Medium

Complete Hardware Buying Guide

Maintenance & Monitoring

A web-based miner monitor was initially contributed

  • here by birty and there is an
  • extended version here done by DerrickE as well as
  • another one here by wienerdog.
  • Updated frontend version forked from DerrickE's by ChiefThunderCunt here
  • Miner.farm is interesting. Needs some set-up and shuffling of binaries but it also allows control of miner (at least start/stop) from any web browser. I have played around with it some. Very spiff. Not $cheap. Low system resource use.
  • Minera can be set up for custom local-miner and also can monitor miners on your LAN by RPC. ad-supported $free. I have played with it, some. Spiff. Easy install and set-up. Requires node.js and all the system overhead that comes with it.

You can also check your miners if you run your wallet on linux by executing:

 Netstat | grep :33987 

in a terminal. If they are connecting means they are working.

Optimization

Windows

Mac OS

Linux