Verus Coin (VRSC)-CPU Mining Tutorial

Introduction to VRSC

The purpose of the Verus project is to build a secure, privacy-centric, and relatively decentralized cryptocurrency.
Among other things {Verus attempts to be a zero-knowledge privacy coin with a completely new and highly decentralized proof-of-work and proof-of-stake.
In addition to payment, decentralization, and privacy features, the Verus Project plans to include direct use as a currency and to provide a scalable, secure Public Blockchain as a Service (PBaaS) for Verus applications built on these parachains. The purpose of this is simple: it will enable everyone and all nodes on the Verus network to participate in and benefit from the decentralized blockchain service economy.

characteristic:

• The first Public Blockchain as a Service (PBaaS) project.

• The first fairly mined coin creates a foundation of over 4MM through community contributions from mined coins to sustain the long term vision.

• Fair mining model, no pre-mining, which means everyone has a fresh start.

• The world’s fastest CPU hashing and ASIC resistance right down to its DNA, which means maximum decentralization and allows small holders to actively participate in mining.

• 50% mining and 50% POS mining mode, which means you can continue to invest your mined coins into POS and participate in POS mining

• Security through delayed proof of work. A friendly fork of Komodo, which means it can benefit from delayed proof of work (creating a recovery point of the Bitcoin blockchain in the event of an attack).

• Not doing an ICO or trying to raise money. Just focusing on building working technology.

• Credible. Mike Toutonghi is Lead Dev, former vice president and technical researcher at Microsoft, founder and designer of Microsoft .Net platform, former technical researcher of Microsoft advertising platform, former CTO, Parallels, and experienced distributed computing and machine learning architect.

It is different from general POS. VRSC adopts the solo mode of coin deposit, so many people are asking how much POS can earn in a day. I can't answer you this. Every minute and every second is based on the computing power of the entire network to perform solo. It is possible that you can POS a few blocks a day if you are lucky, and you may not get any for several days if you are unlucky. So everyone should understand this point, VRSC (POS) = solo, that's it.

Phase 1:

Block height 0 - 10080 Block number: 0 to 384, increasing linearly and smoothly at each block height

Phase 2:

Block height 10080 - 53279 Block count: 384

Block height 53280 - 96479 Block quantity: 192

Block height 96480 - 139679 Number of blocks: 96

Block height 139680 - 182879 Number of blocks: 48

Block height 182880 - 226079 Number of blocks: 24

Phase 3:

Block height 226080 - 1277279 Number of blocks: 24

Block height 1277280 - 2328479 Number of blocks: 12

Block height 2328480 - 3379679 Number of blocks: 6

. . . Halved every 1051200 blocks (approximately 2 years)

Official website address

Official website: http://veruscoin.io/

Original English version of the white paper: http://185.25.51.16/papers/VerusVision.pdf

The Chinese version can be viewed in the Wanzhuanba QQ group or the China regional QQ group

Trading Sites:

https://app.stex.com/en/basic-trade/pair/BTC/VRSC

https://digitalprice.io/order?url=vrsc-btc

Wallet download address: http://veruscoin.io/

Official Discord Group: https://discord.gg/7RHVEAV

vrsc China QQ group: https://jq.qq.com/?_wv=1027&k=54DEJB2

VRSC Mining

Mining income calculation:

http://direpool.com/veruscoin/index.php

https://www.crypto-coinz.net/coin-info/?204-Verus-VRSC-VerusHash-calculator/

POS calculates the profit, download the form and enter the calculation

https://www.dropbox.com/s/yvclqq98j8nxdmg/Verus_POS.xlsx?dl=0

I will not introduce the mining method in detail. Many people know how to do it. If you are a novice, you can join the group for consultation. Download the wallet from the official website, get the wallet address, download the mining software, set your own wallet address and mining pool address, and you can start mining. It is very simple.

Mining Pools :

http://vrsc.jeepool.com

http://vrsc.52hash.com/

https://veruspool.xyz/

https://luckpool.net/

http://miningpools.cloud/

http://vrsc.ginasismining.com/

CPU mining software :

Official version

Third-party mining software:

cpu mining software

N card mining software

After entering the mining software, you can directly modify the wallet address, miner name and thread to start mining.

1. How to use the wallet :

1 After opening the wallet, there is an orange active in the middle of the wallet. Click it to open and the following interface will appear.

2. Continue to click activate coin

3. Next, click download. This step will take some time to download, depending on the network speed. After the download is complete, close the dialog box and repeat the second step to enter the wallet interface.

4. At this step, many people will find that the wallet is always loading and updating blocks, and some are even stuck. You can try to restart the wallet. After the update is completed, you can use the wallet to mine solo.

5. The default wallet is opened in staking mode, that is, POS. If you want to use the wallet solo, you can click mining+, enter the mining thread in the drop-down interface, and click the orange button below.

If you need to change the thread midway, just enter the number you want to change, and then click the orange button again. It's very convenient

2. When you have mined more and more coins and want to continue mining, you can also do POS mining simultaneously. The specific steps are as follows

you must move them through a private address (zaddress) by shielding your coinbases, which is required by Verus blockchain rules to do this, you must:

1. go to the "Receive" screen and make a new private address

2. Copy the new private address to your clipboard

3. Go to the "Send" screen and select "Shield a coinbase"

4. Leave "Transparent funds" as the source and paste the new zaddress into the destination (after entering the address page, fill in the address you just copied and enter the amount you want to transfer)

5. Click on "Shield funds"

6. Wait a while until you have a private balance showing on the transactions screen

7. Send again, this time from your private address to any normal transparent receive address that you have

At present, the new version of the wallet has been updated and is more and more convenient to use. The coins mined in the mining pool and the amount sent to the wallet can directly participate in POS, provided that the wallet is always open.

Official planning route map

1. Phase 1 { Mainnet { 50/50 PoW/PoS { Timelock { Fair Release

From the beginning of its operation, Verus has a dual proof of work mechanism for all participants. Verus uses the VerusHash algorithm for mining , and for this algorithm , it is a CPU algorithm. We designed a Haraka512 V2 core to be quantum-safe and maximize the performance of modern CPUs . Verus is designed to be optimized for CPUs , and there are no GPU or ASIC miners, and the developers do not think that there will be GPU or ASIC miners, which does not make much sense. To ensure that such a solution can be developed, it remains open. jl777 , the lead developer of the Komodo platform, has offered a 1 Bitcoin bounty to any developer who can make and release in an open way, a GPU that can significantly outperform current CPU resources . To win the bounty, the source code of the mining program must be used under an open source license. To win the bounty, any implementation must be able to outperform a modern, high-thread count, high-clock frequency CPU by 5 times, and the GPU cost must be less than $ 1,000 . By introducing the Verus Network in this way, we have established an immediate, baseline feature set on which we can build our project and community around a functional coin and project as we keep pace with the progress of the underlying Komodo Platform. The Verus Phase 1 launch was pre-announced on Bitcointalk[28] with zero pre-release, with team members mining alongside everyone else and producing coins alongside everyone else. Aside from individual team members who intend to keep coins for their own use, most developers intend to donate the majority of mining and revenue to the Verus Foundation community to ensure that other community members join us in supporting the continued growth of the project.

2. Phase 2 { Automatically generate chain , investigate , Verus move

Once we completed phase one, we moved into phase two, which consisted of publishing this whitepaper, activating the community by donating some of our mined coins, and pushing through the plan to develop and release mobile support, automated chain generation, and the ability to organize and then easily run CVT polls at scale.

3. Phase 3 { Authentication , Proof of Virtue

In Phase 3, we plan to further improve the mobile experience and implement identity authentication systems, including support for strong, decentralized identity and attestation, separating photo IDs and other photo content into components that can be individually verified in an unbiased human survey. At this point, we intend to support optional KYC strong identity, identity verification, and voting-based authentication. This will also be the first phase of supporting Verus PoV enhanced PoS.

4. Phase 4 { Integrating machine learning, content, and storage

In Phase 4, Verus will begin to really leverage the foundations of Phases 1, 2, and 3 by focusing on broad content classification capabilities for off-chain content, improving storage management support in the distributed hash table implementation, supporting storage monetization in some way, and providing open source, public implementations of machine learning systems that can learn from data on the Verus network to solve real-world challenges of today and tomorrow.