Dec 5, 2017 - I've played with mining in the past, but with all the new popularity, mining the well-known coins is basically impossible for the average person. There are many altcoins out there - almost too many to choose from. I've been doing some reading lately, and Vertcoin caught my eye. I recently spent some time. Vertcoin Mining Pool. Mining Fees: 0% for VTC, 1% for UIS. Average hashrate and invalid shares from your miner over the past 15 minutes. Read our Complete Beginner's Guide about Vertcoin (VTC). Rate and other information about your mining. Of mining other cryptocurrencies for the average.

Key Statistics 11/3/2017 Current Price: $3.14, Market Cap: $128.4 Million, Volume (24h): $27.2 Million, Circulating Supply: 40.8 Million VTC, Maximum Supply: 84 Million VTC, Top Markets: Bittrex, Poloniex Summary Vertcoin is a peer-to-peer cryptocurrency similar to Bitcoin but with a few key differences. Deemed “The People’s Coin” by its developers, Vertcoin aims to limit mining centralization through the use of the Lyra2RE(v2) algorithm. Vertcoin’s mining algorithm is ASIC-resistant, meaning it is designed to combat the development of custom mining hardware built specifically for mining Vertcoin. Vertcoin can be mined by ordinary users who may only have access to consumer-grade PC’s. Increased decentralization leads to increased network security and a wider distribution of freshly mined coins.

Vertcoin has seen a recent surge in popularity due to its simplicity and the introduction of one-click mining. History Vertcoin was released on GitHub in January 2014. At launch, Vertcoin was fairly distributed without a premine, ICO, or airdrop. The blockchain has forked twice to address mining centralization vulnerabilities. The Vertcoin network saw heavy usage following it’s launch, and has seen a recent resurgence which started in mid-2017.

Key Distinguishing Features Vertcoin has an active developer community that is continuously pushing out user-friendly products. The is easy to install, and syncs with the blockchain in a couple of hours. The wallet’s clean interface is similar to Bitcoin Core and is simple to use. The killer app for Vertcoin, however, is the new. Vertcoin One-Click Miner The one-click miner can be configured by an average user in just a couple of minutes.

Simply enter your Vertcoin address, select the brand of GPU in your PC, and enter your Vertcoin. A single Nvidia GTX 1070 can get 30 MH/s, good for half a VTC per day or $1.50 at current rates. Vertcoin implemented Segregated Witness (SegWit) in May 2017, about 3 months ahead of Bitcoin. SegWit effectively increases Vertcoin’s blocksize limit and allows for implementation of second-layer systems. Vertcoin is actively working to implement Lightning Network, which will greatly increase network capacity by moving some transactions off of the blockchain. Finally, Vertcoin Stealth Addresses are in development to increase transaction privacy.

Price Catalysts Vertcoin recently rallied on high volume, pushing its price from a low of $1.09 to a high of $5.77, before settling in at around $3. The rally can be partially attributed to the in December. The price movement may also be attributed to increased interest in the one-click miner, which was first introduced in October. Finally, Binance, a Chinese exchange, is Vertcoin this month. This would greatly increase Vertcoin’s Asian exposure which is currently very limited. Vertcoin Price Chart (1 month) Vertcoin Potential Many cryptocurrency users are upset with how Bitcoin mining has become so centralized.

Bitcoin ASICs make it impossible to profitably mine Bitcoin on consumer devices. What Is A DigiByte DGB Mining Contract. Ethereum mining has been a popular alternative, but even the simplest Ether miners can be difficult to configure. In addition, Ethereum will be transitioning to proof-of-stake, forcing many miners to decide where to direct their GPU hashing power. Vertcoin offers a profitable mining alternative along with a decentralized approach to network validation with easy-to-use nodes. Vertcoin is a Bitcoin alternative, and lacks some of the world-changing promise of some recent ICO’s.

Unlike most ERC-20 tokens, however, Vertcoin is much more than a white paper. Vertcoin has been around since 2014, surviving two major altcoin cycles. Vertcoin community involvement has increased as of late, with reddit subscriber growth recently. Vertcoin offers a secure network at a smaller scale than Bitcoin.

Vertcoin’s size allows it to implement major changes (SegWit, Lightning Network) in a shorter period of time. If Vertcoin is able to implement Lightning Network and Cross-Chain Swaps ahead of Bitcoin, it could become a popular platform for third party innovation.

It is difficult to predict how many Bitcoin competitors will be allowed in this space, but with a market cap of only $128 Million and a maximum supply of 84 Million VTC, Vertcoin has serious potential to grow. Conclusion With a solid track record, active community, and user-friendly software, Vertcoin is poised to gain market share as some of the larger cryptoassets become inaccessible to everyday users. Vertcoin has a strong development team, and a clear focus on mining decentralization. The initial VTC distribution and continuous focus on the end users is a throwback to the early days of cryptocurrency. Vertcoin is sure to attract more users and expand its reputation as a Bitcoin alternative.