The Most Profitable CPU Minable Coin!

As more miners enter the mix, Verium has begun it's climb in popularity. It is currently probably the most profitable CPU minable coin (I've mined over $50 worth in 3 weeks using a 2 year old laptop and an i5 desktop). It is brand new and only on 3 exchanges so far (Bittrex, Livecoin, Cryptopia). Bittrex holds the most volume. If the average computer is an i5 which gets about 800 hash per minute with 4 cores, since the total network hashrate is about 1000 times that.. there could be as many as 1000 people already mining this coin. Chances are that number is closer to 300-500 as many use multiple computers to mine.

The developers (Doug Pike and Pat Nosker) made Verium with variable block times and variable block rewards. There are technical reasons why this is AWESOME. For some of those reasons..read below:

So.. if Verium is profitable enough to warrant more miners, as more miners enter the stage, the Verium block times speed up. This also causes Vericoin (proof of stake with about 2-3% interest per year) to speed up from 1 minute to as fast as 20 second block times. Verium block times are currently about 4.5 minutes and will get faster as more miners enter. The bigger effect is in the block reward dropping with increasing network hashrate. My first block (block 60 or so) rewarded me with over 13 Verium. Now the reward is barely over 6. Verium is designed to have all blocks mined in 64 years if it becomes popular and 4 years if it had very few miners. The developers are working on making Verium swappable with Vericoin directly in the wallet. They also have a long awaited marketing budget (not huge but a vast improvement over no budget at all).

Here is Doug Pike talking about Verium on BlockTalk:

Verium is GPU resistant as it requires a huge amount of memory per core. It's built for the CPU. Remember that Satoshi wanted Bitcoin to be CPU minable only. One day someone figured out how to mine with a GPU at rates hundreds of times faster than CPU. Since then ASICs have been created that are much faster than GPU. This kills the idea that the common man could mine for a profit from his home computer.

Few people have heard of Verium and I believe that will change soon as it will be labeled highly profitable. Mining pools are starting to sprout up as well. The market cap is extremely low as it is relatively undiscovered (market cap is ~$300,000). If it was $1 mil I would say that was very low. Here is the difficulty chart since it's been on bittrex. This basically represents network hashrate.

It has more than doubled in the last week. I'm currently working to buying Verium on the dips on Bittrex as I believe this could go to 200k satoshi (about $1 mil market cap) in the next couple of months. It was designed to be in market cap parity with Vericoin which has a market cap over $ 1 mil. The market has priced it at about $0.50 per Verium currently.

Keep your eye on this one and consider a small investment once you do your research. A long shot yet..but the upside potential is huge. Most developers would have pumped their coin. The fact that they haven't presents a huge market opportunity. Let me know what you think!

Link to download Verium wallet (with easy to use Miner):
http://www.vericoin.info/veriumlaunch.html