How To VirtaCoin Mine

How To Mine VirtaCoin

You can mine VirtaCoins on your own or by joining a mining pool listed below.
We recommend joining a mining pool as it is more profitable.

Solo Mining

To mine on your own please view the Solo Mining Guide.
For solo mining you may use the configuration settings below in the virtacoin.conf file.
You may also use the port numbers listed below to configure mining software, firewall port forwarding, etc.

rpcuser=[choose-a-username]
rpcpassword=[choose-a-password]
server=1
daemon=1
gen=1
genproclimit=-1
rpcport=22815
port=22816

If you are having problem importing your private keys, getting your wallet to sync, or getting "No Blocksource Available" you need to add nodes to the virtacoin.conf file.
Here is a list of nodes to add.

addnode=31.6.117.107
addnode=46.107.166.198
addnode=46.250.116.223
addnode=50.170.222.10
addnode=62.122.207.138a
ddnode=63.155.156.179
addnode=65.185.103.87
addnode=72.174.159.254
addnode=77.193.114.131
addnode=78.16.115.229
addnode=78.84.239.205
addnode=81.25.228.220
addnode=81.97.175.241
addnode=84.123.83.96
addnode=88.26.129.187
addnode=89.178.98.81
addnode=91.105.193.137
addnode=91.127.92.163
addnode=91.180.12.165
addnode=92.19.160.8
addnode=92.251.246.216
addnode=98.141.175.57
addnode=107.2.165.226
addnode=109.186.162.209
addnode=109.192.141.21
addnode=115.187.45.237
addnode=123.211.218.148
addnode=175.142.193.124
addnode=176.250.248.124
addnode=178.123.248.108
addnode=178.126.11.205
addnode=178.248.57.123
addnode=184.180.242.35
addnode=193.25.121.162
addnode=193.219.117.63
addnode=195.38.116.213
addnode=213.231.61.223
addnode=220.163.47.234

They can be found in the Sample.
confsection of the page.
You may also visit VirtaCoin Forums to seek assistance.

Pooled Mining

Pooled mining is a mining approach where multiple generating clients contribute to the generation of a block, and then split the VirtaCoin block reward according the contributed processing power.
Pooled mining effectively reduces the granularity of the block generation reward, spreading it out more smoothly over time.
To join a pool to mine VirtaCoins please see the list of mining pools below.
To learn how to effectively mine in pool please see the Pooled Mining Guide (For Windows).
VirtaCoin Mining Pools

*.virta.pool.mn
*.VirtaCoin Pool
*.Beta Hash's
*.P2Pool (VTA)

WhatMine

WhatMine is an online tool that calculates the mining profitability of VirtaCoin.
Click here to view VirtaCoin's current profitability and stats.

ASIC Scrypt Miners

An application-specific integrated circuit, or ASIC, is a microchip designed and manufactured for the very specific purpose of mining cryptocurrencies.
ASIC Scrypt Miners were specifically developed and manufactured to mine scrypt coins such as VirtaCoin.
Below are some of the leading companies that manufacture, sell, rent and globally ship various ASIC Scrypt Miners that you can use to solo or pooled mine
VirtaCoin with up to 400 MH/s of hashing power.

- Gawminers
- Hasra
- Hash-master
- KnCMiner
- MiningRigsRental

VirtaCoin Exchange

Below are the Exchanges that VirtaCoin is currently being traded on or pending approval by click & paid voting for VirtaCoin.
Please visit the exchanges that are pending right now to vote for VirtaCoin.
In order for the value of VirtaCoin to rise, try selling at a slightly higher price than the highest sell prices you see and if you are buying don't buy the lowest prices.

Live Trading Exchanges

1. Bluetrade
2. Cryptoine
3. Atomic-trade
4. Askcoin
5. Swisscex

Pending Exchanges

1. Coins-e
2. Swaphole
3. Comkort
4. C-cex
5. Hitbtc
6. Bter
7. Crypto-trade
8. Usecryptos

What Is VirtaCoin?

VirtaCoin (VTA) is a digital currency or cryptocurrency that enables instant payments to anyone, anywhere in the world.

VirtaCoin uses peer-to-peer technology to operate with no central authority.

Managing transactions and issuing money are carried out collectively by the VirtaCoin Network.

How VirtaCoin Began

VirtaCoin was launched on July 1, 2014 on its official website at www.virtacoin.com by VirtaPay (a former virtual currency and online payment website) in order to give its over 1.6 million members access to virtual funds or VP$  that they were accumulating since September 2010. 

In late December 2013  it was announced by VirtaPay that they would be converting their entire system into a cryptocurrency similarly to the popular Bitcoin, thus 6 months later VirtaCoin was born.

For more information on the history of VirtaCoin click here.

Technical Information About VirtaCoin

VirtaCoin is a scrypt coin which utilizes the proof-of-work algorithm. A total of 21 billion coins will be mined and there is currently a market supply of over 8.8 million coins. VirtaCoin has a block time of 60 seconds and with each block mined there is a reward of 8000 coins which is being reduced at a rate of 0.5% per week since 6/28/2014.
VirtaCoin Core is the name of the open source software which enables the use of VirtaCoin as a currency. VirtaCoin addresses are similar to Bitcoin addresses and what makes VirtaCoin unique is that the addresses can be used to send and receive Bitcoins as well as to send VirtaCoins to Bitcoin addresses. For more information about VirtaCoin and to download a VirtaCoin Core desktop wallet please click here.

Obtaining VirtaCoins

VirtaCoin and other cryptocurrencies like it differs from fiat currencies (such as the US Dollar) because instead of being backed by a promise, they are backed by mathematics, since they are created by running a computer program that solve mathematical equations. This is called "mining".  Any computer can participate, but the more power it has, the faster it will go (and the more coins the miner will get as a reward).
Mining also strengthens the VirtaCoin Blockchain, which is a public database of all the transactions every executed in the currency. The coins are held in a digital wallet, which can be stored on computers, smartphones, online wallets and cold storage wallet. In VirtaCoin's case for the moment, only computer wallets and online wallets at the Exchanges it is being traded on. To learn how to buy, sell and mine VirtaCoins please visit the Exchanges & Mining Page.
VirtaCoin is “owned” by everyone who holds the currency. It is up to the VirtaCoin Community (including the 1.6 million individuals who were members of VirtaPay) to collectively contribute and make VirtaCoin what they want it to be. How they contribute depends on their skills, abilities and available time.