Create a batch file (.bat), input the command line arguments, save the file and open it to start mining. If you do not know how to create batch file or configure the miner then we recommend you to read this ccminer beginners guide. In summary, Vivo’s use extends beyond just a medium of exchange. It is designed to be a secure, efficient, and miner-friendly cryptocurrency that supports anonymous and instant transactions through its innovative blockchain technology and masternode system. Its approach to mining and rewards aims to ensure a fair and decentralized digital currency ecosystem. VIVO is a masternode platform that offers 50% block rewards to masternode holders and 50% to miners.
VIVO Price Statistics
We don’t know whether all this will be accomplished or not. However on the other hand VIVO is ready for cross-blockchain dApps and is tradable on Block DX Decentralized Exchange which is a small step to success for a low cap coin. This technology is first introduced by Dash and later on many coins started implemented this as it secures and keeps the network further decentralized.
Placeholders (PHL) – A new coin on X16R, is it really worth mining?
If you are wondering then check this GINcoin post where we’ve explained a bit about what masternode is. Apart from this reward aspect masternodes secure VIVO coin network and that enables near-instant (InstantSend) and anonymous transactions (PrivateSend). The main vision of this coin is to keep the system decentralized and provide security, anonymity and fair mining. Also this coin is focused on community and has more priority towards ease of use and ease of access. Having said that this coin provides easy to follow beginner friendly guides to get started with this project.
Coins that gets listed on Cryptopia exchange will get some exposure and will reach wider audience. But that’s not the case when the entire market is bearish. The utilization of the NeoScrypt Proof of Work algorithm, an advancement over the traditional Scrypt algorithm, positions Vivo as a forward-thinking digital currency.
A brand new wallet vivocoin is coming, which will be a fork of the latest Dash codebase. In the new wallet, we will reduce rewards by more than 75%. This means that we will also be burning approximately 15 million coins from the max supply to accommodate for the new reward structure. This new reward system will begin as soon as the new wallet is released. Buy and mine your Vivo coins now before they become very rare! Vivo has an active mining community with hundreds of active masternodes supporting the network.
Later on in a separate article we’ll explain how to setup VIVO coin masternodes. Once the configuration is perfect, save the batch file and run the saved file to start mining VIVO coins. Also note that the VIVO coin development process is a bit slow. There website is still under construction and the features which is mentioned in their roadmap such as mobile wallet and seamless merchant integration are being delayed. In addition to this they are working on easy masternode deployment system just like GINcoin. Also in to do list they’ve mentioned Ledger hardware wallet integration and Kucoin listing.
- Also among low cap Altcoin category VIVO is well established and their future plan for the project seems promising.
- As we said for AMD you can either use Claymore miner or Gateless Gate miner.
- In the new wallet, we will reduce rewards by more than 75%.
- Download the appropriate miners, unzip the software and put it in a desired location.
No data
These devices store users’ private keys offline, providing a shield against online threats such as hacking or phishing attacks. Now as your mining software is also ready we need only last thing and that is pool connection details. Now let’s see the specifications of VIVO coin and get straight into VIVO coin wallet setup guide. According to CoinMarketCap VIVO ranks 845 and it is priced at $0.36 USD (5998 satoshi).
First ensure that you have latest GPU drivers installed on your mining rig. If you have NVIDIA then download the latest driver from this link and if you own AMD cards then download the latest driver from here. Once your driver software is updated, setup VIVO coin wallet to receive the mining income. We’ve a beginners guide on setting up VIVO coin wallet and if you do not know how to install then make use of that guide and get yourself a VIVO address. As we said one of the core features on this coin is InstantSend and PrivateSend which you can find in send tab of your wallet. If you’d like to know how it works or how to use them then check this GoByte wallet setup guide.
As this coin is based on Dash; it features Masternodes technology and that enables significant features on the network like near-instant, secure payments, and superior anonymous transactions. Just like majority of other Masternode coins VIVO also splits its block rewards equally. Block times are only 2 minutes and so its transactions will get confirmed quickly. The main reason is these coins are resistance to ASIC which allows regular users to participate in mining. There are many coins using this algorithm and so far we have guides on GoByte, Innova and Trezarcoin which we hope you find it useful. All these coins are based on Dash and among this category a low supply coin is VIVO.
Both the features such as PrivateSend and InstantSend can be found in your wallet. One is a privacy feature and the other one enables instant transaction and solves double-spending issues. It is impossible to predict what VIVO will be worth in five years. Therefore, it is impossible to accurately predict the price of VIVO 5 years from now. VIVO is a decentralized cryptocurrency, featuring a Masternode network that provides near-instant payments and anonymous transactions.
- Also VIVO coin is supported by Coinomi wallet – One of the most popular light wallet providers for Android and IOS.
- Also in to do list they’ve mentioned Ledger hardware wallet integration and Kucoin listing.
- Masternodes play a critical role in facilitating Vivo’s unique features, such as PrivateSend and InstantSend, enabling near-instant and anonymous transactions.
- Instead of going through all of that again we’ll just share the sample config file for you.
- The main reason is these coins are resistance to ASIC which allows regular users to participate in mining.
At the time of writing this article the current market cap is $797,625 USD with a daily volume of $3000. Next we’ll need to download the mining software for NeoScrypt. Once done the wallet should start synchronizing with the network.
How to mine VIVO coin
By allocating 50% of the block reward to masternodes, Vivo incentivizes the maintenance and operation of these crucial network components. Masternodes facilitate features such as PrivateSend and InstantSend, enabling instant and anonymous transactions that are vital for users seeking privacy and immediacy in their digital transactions. VIVO is an open source, decentralized and secure cryptocurrency.
Yes, this is a masternode platform that rewards its users for holding coins. Vivo values masternode holders, offering 50% of the block reward to masternodes. Masternodes are the backbone of the Vivo network including PrivateSend and InstantSend technologies. They provide the infrastructure for instant and anonymous transactions, and reward their owners with a passive income.
VIVO blockchain is secured using NeoScrypt Proof of Work algorithm. NeoScrypt is an improved version of Scrypt algorithm which ensures network stability and sustainability. Also this hashing algorithm is basically ASIC resistance which gives everyone a fair chance to mine VIVO. In our previous guide we’ve covered all of its details except mining VIVO and that is what we’ll be covering here.