Virtacoin Latest News

VirtaCoin.Info is a news and information website focusing primarily on VirtaCoin, the crypto-currency, and was created and launched on July 13, 2014. For the latest news aboutVirtaCoin please visit our News Page.

Technical Specifications For VirtaCoin

• It is a scrypt coin with proof-of-work algorithm.
• Has a 60-second block time target.
• Approximately 21 billion coins in total will be mined.
• 8000 coins per block are rewarded for mining. This reward is reduced by 0.5% each week from 6/28/14.
• Difficulty retargets every 1 block.

VirtaCoin Products & Services

• Official VirtaCoin Website
• VirtaCoin Block Explorer (coming soon)
• Virtacoin Project On GitHub
• VirtaCoin Reddit Forum (Subscribe and Contribute Ideas)
• VirtaCoin Faucet (Earn Free VirtaCoins)
• VirtaCoin Gear Store
• Cryptonator (Crypto-currency Converter/Charts)
• WhatMine (Mining Profitability Calculator)
• Crypto-Prices (Crypto-currency Charts)
• AlertCo.in (Crypto-currency Price Alerts)

Attention Former VirtaPay Users

All VirtaPay balances have been transferred to VirtaCoin.VirtaPay users please follow these steps to get a VirtaCoinwallet and import your balance with your private key.

Strengthening The VirtaCoin Network

We encourage the VirtaCoin Community to actively mine the coin and sell only a small portion of their coins for BTC or USDuntil the value of a VirtaCoin increases to around US$1. If you decided to sell, try selling a little higher than the highest sell price you see at the Exchanges in order for the value to steadily increase. Mining the coin helps to strengthen and secure the network, improves transactions times and prevent any one individual or mining pool to conduct a so called 51% attack. Join a mining pool right now by visiting our Mining Page. Each pool will guide you and give you instructions on how to mine successfully with your computer or an ASIC Scrypt Miner.

What Makes VirtaCoin Special?

Well, VirtaCoin addresses are similar to Bitcoin addresses and can be used to send and receive Bitcoins as well. You can also send VirtaCoins to a Bitcoin address and Bitcoins to aVirtaCoin address. A single VirtaCoin  or Bitcoin  address can as well be used to separately manage balances of both crypto-currencies. VirtaCoin is the first and only scrypt-based coin to do all this. 

Here is an example of a VirtaCoin address: 

1HgtXf8HnWVYrGoSAkCyAWwAMHp7gUW2gR

As you can see it starts with a "1", just like most Bitcoin addresses. 

VirtaCoins can be sent to Bitcoin addresses that begin with a "3" such those provided by GreenAddress. "3" Bitcoin addresses can be used to send Bitcoins to VirtaCoin addresses as well.

Using Private Keys To Manage Dual Balance

You will need to know the private key of your VirtaCoin orBitcoin address to be able to view and manage the opposite balance of the wallet that originally created the address, meaning for a VirtaCoin  address created with VirtaCoin Coreyou'll need the private key in order to see any bitcoins sent to that VirtaCoin address in a Bitcoin wallet. Exchanges and most online wallets don't normally give you the private keys of yourVirtaCoin or Bitcoin address so its best to use addresses from wallets that you have total control of such as desktop and mobile wallets.

To use your VirtaCoin address as a Bitcoin address in your favourite Bitcoin Wallet simply import the private key of yourVirtaCoin address into your wallet. The popular Blockchain Wallet works well with importing your VirtaCoin address and can reveal your VirtaCoin/Bitcoin address (public key) if you only know your private key.

Similarly you can use the private key of your Bitcoin address to import the address into the VirtaCoin Core  wallet. Just follow these steps, specifically on importing a private key intoVirtaCoin Core. Please remember to backup your wallet before importing another address into VirtaCoin Core.