One of the recent digital currencies we talked about, is called ViaCoin. When we did our previous article, this new coin was still in its pre-announcement stage. VIaCoin has officially launched now, so let’s see how things are going.
If you have read up on our previous article, or checked their BitcoinTalk thread here, you will know the first 10,000 mineable blocks will have no rewards. Despite that, your mining efforts are not completely wasted, because you simply strengthen the network.
When I last checked the ViaCoin network stats (about a minute or two ago), the overall network hashrate was over 600 MH/s. Not bad at all for a coin that is currently not offering any mining rewards. It’s a good stress test to see how the pools are holding up though, and so far, so good.
Speaking of ViaCoin mining pools, there are currently seven confirmed pools which are all up and running. The biggest one is Pool.MN, as they currently have nearly half of the network hashrate. We will need to keep an eye on this to make sure the coin doesn’t fork when we get to the actual rewards.
More exchanges have opened up a ViaCoin trading market, as not only BitTrex, but now also Poloniex and SwissCex listed VIA/BTC.As you’d come to expect, a lot of early investors have already started selling off coins because they could make a 2-4x profit immediately.
We will be keeping a close eye on the ViaCoin developments, especially when we will start seeing mining rewards. As the block rewards are very low, there isn’t much incentive for selling them any time soon to be honest.
ViaCoin donations : VvWBdGYvD58ET5VbG2CffhcVyk4TNnu3o2
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