Similar to the Bitcoin network, new VEO coins are created when a new block is hashed. At this time (November 21, 2018), the reward is 0.641 VEO (plus 0.128 VEO to Zack Hess personally), the time it takes to generate a single block is approximately 10 minutes. There is no maximum limit amount for VEO coins, but the speed of emissions can be regulated by the Governance Oracle. As of November 21, there has been 49,493 VEO coins generated. The number of network users is 2,913.
Current rewards and emissions can be found on https://veoscan.io.
Hardware for mining Amoveo
Amoveo uses a single round SHA256 for PoW, unlike Bitcoin that uses double. Thus, Bitcoin ASICs cannot be used to mine VEO. However, the community of Amoveo is not against ASICs and will not pursue ASIC resistance. SHA256 single has been chosen on purpose to make ASIC adoption easier.
On the other hand, VEO is mined on GPUs like most coins on the market. Bitstream and hardware for example can be bought from Comino as they offer products that make use of FPGA technology. Alternatively, these boards can be bought from different manufacturers such as Xilinx and Intel’s Stratix.
Use this tool (https://calc.exan.tech) to estimate profitability of Amoveo and mining of other cryptocurrencies on various devices.
Software & Pools
- https://github.com/zack-bitcoin/VeoCL — miner with open source code for GNU/Linux.
- https://github.com/PhamHuong92/VeoMiner — multi-platform miner with proprietary source code and a 2% commission.
- https://github.com/krypdkat/AmoveoMinerMan — multi-platform miner with open source code.
- https://github.com/Mandelhoff/AmoveoMinerGpuCuda — miner with open source code, MS Windows.
- https://amoveopool.com — cozy mining pool.
- http://veopool.pw — large Amoveo mining pool.