New to mining

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Posts: 1
Joined: Wed Aug 23, 2017 3:07 am

Wed Aug 23, 2017 3:23 am

Hello everyone,
I'm new to binary mining. I installed Verium Reserve and Vericoin wallet. I installed everything two days ago. I no longer have "out of dates" in both apps. However, I'm mining at 1100-1200 hash rate with 7 processor power in Veruim Reserve. It states 700 hrs until block hit. Do i have to wait a month or less until I see my account balance go up? Also my Vericoin wallet is now staking time with a zero balance. what does this mean?

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Posts: 16
Joined: Sat Aug 19, 2017 5:37 am

Wed Aug 23, 2017 3:08 pm

Welcome BinaryMiner,

The wallet miner is a 32bit unoptimized miner, meaning it won't take advantage of some of todays CPU enhancements. Additionally, solo mining is like playing the lotto, you have a ticket but it doesn't mean you will win.

If your looking for a consistent income, I would suggest pool mining. A friend of mine started a pool, its a great place to make some coin. The details on how to mine and the application is included below.

Good luck and hope to see you on the pool soon.


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