If you are looking to mine Vertcoin in a lucrative manner, then you should consider joining a Vertcoin pool. We will be featuring some of the recommended mining hardware and software for mining VTC.
Vertcoin is a digital peer-to-peer payment system, but it is quite different from other cryptos, such as Bitcoin, as it is ASIC resistant.
By being an ASIC resistance coin, VTC can be mined at home without requiring the setup of an expensive rig.
Vertcoin currently ranks 253 according to a market cap of $13,432,789, and one VTC is price at around $0.25. This value is substantially lower compared to its all-time high of $9.38 hit in December 2017, but even at its current levels, VTC is still a profitable coin for mining.
Vertcoin employs a unique consensus protocol called Lyra2REv2, which makes the coin ASIC-resistant, keeping the network decentralized and without ASIC mining. When mining for VTC, you should take into account that the Lyra2REv2 protocol is most compatible with Nvidia GPUs.
Best Graphic Cards for Mining Vertcoin
The best hardware for mining Vertcoin is Nvidia graphic cards. Below we will present some of the best graphic card models you can use for mining this coin.
|Card Name||Hash Rate (Lyra2REv2)||Power Consumption|
GTX 1070 Ti
GTX 1080 Ti
The cards featured above all present good hash rates for Lyra2REv2, which might make the process of choosing one more difficult. But looking at the price to performance ratio might give you a clearer idea of what card to use.
The top options based on these criteria is GTX 1070 Ti and the GTX 1080, as they have sufficient power and offer high hash rates. Price-wise, most of these cards are within the same range.
Criteria for a Vertcoin Pool
Before joining a mining pool, you must first consider some of its main features. Here are some of the factors you will have to take into consideration when selecting a Vertcoin mining pool:
- Fees – Most pools have a fee between 1-2%, which is charged to pay the pool servers and the services offered by the pool owners. Even if lower fees are certainly more enticing, no fee pools can have a complicated setup and are more prone to have invalid blocks.
- Server Location – It is very important that the pool’s servers are located near your area of residence, as the closer the server is to you, the lower the latency and, thus, greater hash power. Look for servers that are located in your geographical region.
- Payout Scheme – Pools offer different payout schemes, with some of the most popular being Pay per Share (PPS) and Pay per Share Plus (PPS+), which eliminate miner risk, as the pool pays a flat payment for each solved share. Pay Per Last N Shares (PPLNS) is another scheme that pays in share percentages based on how much the miner contributed to the total shares (N).
- Uptime – Look for a pool that has its uptime as close to 100% as possible, at a minimum of than 95%.
- Minimum Payout – A smaller minimum payout means that you will be able to withdraw your earnings sooner.
- Reputation – You should look for a trustworthy pool that has been known to give payouts fairly to all its miners.
Vertcoin Pool Options
We will be listing some of the most popular Vertcoin mining pools that are currently available.
MiningPoolHub is a dedicated Vertcoin mining pool, holding around 30% of the entire pool rate. Even though this might seem like a lot, Vertcoin has worked very hard to maintain its decentralized status, forking in the past to avoid a botnet monopoly form getting more than 50% of the network hash power. In addition to Vertcoin, you can also mine 26 other coins, including Bitcoin, Litecoin, Ethereum, Monero, and Zcash.
The pool has a web of global servers and charges a mining fee of 0.9%. The payout threshold is set at 0.1%, and the current pool Hash Rate is 8.150 GH/s. Their site also features a miner setup guide based on your hardware.
AHashPool also allows users to mine Vertcoin, but instead of paying out in VTC, it makes all payouts in Bitcoin. The pool supports over 50 different algorithms, including Lyra2REv2, SHA256, scrypt, Qubit, skein, x11, groestl, and bitcore, which allows you to mine 178 coins.
AHash charges a mining fee of 1%, and the minimum payout is set at 0.003 BTC, which is rather high in comparison to other pools. Payouts are made once every 24 hours. Servers are located all around the world.
The pool also auto allocates hash power to the current most profitable coins in each algorithm. Miners that have not been active for 90 days are considered inactive, and as such, their account will be deleted, and all their remaining balances will be forfeited.
Zergpool is a much smaller Vertcoin pool, but it features a very low 0.5% miners fee. The pool supports the mining of over 70 algorithms and 260 coins.
BTC and LTC payouts are made automatically every 4 hours for all balances above 0.0025 and 0.15, respectively.
Payouts for all other currencies are made automatically every 4 hours, with the minimum payout limit being 0.0001 in BTC equivalent, or 0.00002 on Sunday. Rewards are distributed proportionally between submitted shares that are.
If you are not active for more than three months, your account will be purged, and unearned shares are kept for three months, after which they will also be purged.
The pool also has the auto-switch feature that allows you to mine the most profitable coins of the moment.
Vertcoin is still a profitable coin for mining with GPUs. Due to its ASIC-resistant protocol, users should be able to keep on mining Vertcoin by using their graphic cards.
Form our article, you now have several Vertcoin pool options that you can join in order to keep the strain off your hardware and help you earn coins more easily.
Source From : Coindoo News