The crypto world continues to offer its users countless ways to earn profits. Crypto mining is one of the great features of the crypto world that let miners earn crypto as a reward. As a result, the crypto mining industry continues to be one of the hottest topics in the crypto world.
This CoinQuora mining article will allow you to learn many things about crypto mining, especially Vertcoin (VTC) mining. However, this article must not be taken as financial advice. Instead, we recommend that you do your own research before entering the world of crypto mining.
Now let us go deeper and discuss this CQ article about Vertcoin mining and Vertcoin mining pools.
Table of contents
- What is Vertcoin (VTC)
- Vertcoin Price Prediction 2021 – 2023
- How to mine Vertcoin (VTC)
- How to Mine Vertcoin With a Computer (CPU and GPU)
- Vertcoin mining using CPU or GPU-NVIDIA
- How to Calculate Vertcoin Mining Profits
- Vertcoin Mining Pools
What is Vertcoin (VTC)
Vertcoin is one of the cryptocurrencies that has already proven its worth in the crypto world. In fact, the crypto was able to record a bullish price of $9.80 in 2017. This amazing price pump that VTC made creates excitement for all people interested in Vertcoin mining.
Regarding its technology, VTC is a cryptocurrency made to be ASIC miner resistant. For this reason, only the CPU and GPU mining computers are eligible to mine the token. In addition, the cryptocurrency integrated its network with the Lyra2REv2 technology. This partnership strengthens the network and keeps ASIC miners away from the crypto.
Meanwhile, traders and investors that are interested in buying and trading VTC can buy the crypto at various exchanges. This crypto exchange includes famous names such as Bittrex and CoinEx to name a few. Best of all, some of these exchanges offer staking pools where users can mine and earn VTC as a reward.
Vertcoin Price Prediction 2021 – 2023
The market position and the price of the crypto is one of the most important things that encourage a miner to mine the token. With this, we can say that the better the performance of the crypto, the more chance it will attract miners’ attention.
In this article, we don’t just talk about mining, we also discuss the price prediction of the crypto. For this reason, traders and miners can have a good understanding of Vertcoin mining and its market position.
Based on the technical analysis made by crypto experts, the price prediction of VTC could reach up to $.81 in 2021. What’s more, this price could still skyrocket to $1 in 2022 and stretch up to $1.05 in 2023. Of course, this is all possible if the bullish market remains in favor of crypto.
Moreover, the Vertcoin network continues to develop its technology to ensure that its network remains ASIC resistant. For this reason, the VTC network can maintain its ecosystem open to all levels of crypto enthusiasts that are interested in Vertcoin mining. Truly, this is a piece of good news especially for all the beginners in Vertcoin mining as well as old miners.
How to mine Vertcoin (VTC)
The Vertcoin network is one of the crypto platforms that offer a friendlier way to mine its tokens. For this reason, all levels of miners, whether beginner or professional, can seamlessly do Vertcoin mining. However, always keep in mind that Vertcoin mining can only be done by using CPU and GPU computers. The ASIC mining computers are absolutely not allowed.
Furthermore, to make Vertcoin mining more rewarding, miners must pick a pool of miners. With this, miners can earn faster rewards since their computing power is shared in the group.
For beginners, it is important to do in-depth research before joining a crypto mining pool. This is to prevent scams and to maximize the possibility of earning Vertcoin rewards. Also, good mining pools are composed of seasoned miners where beginners can learn and develop their mining skills.
How to Mine Vertcoin With a Computer (CPU and GPU)
Vertcoin is one of the easiest cryptocurrencies to mine. With the use of a normal computer, you can earn Vertcoin tokens easily. Through this, anyone with an average level of CPU or GPU computer can do Vertcoin mining. Truly, this is a great feature that Vertcoin offers on its network.
However, miners should also put in mind that the volume of mining rewards depends on the mining hardware that they will use. In addition, the market status should also be taken into consideration for the miners to maximize their profits.
Meanwhile, before we start, let us make sure that you have all the necessary requirements needed in Vertcoin mining.
1. A good, uncapped Internet connection
A good and reliable internet connection is one of the most important things that you need in Vertcoin mining. Also, you have to ensure that the internet connection in your place is unlimited. Of course, you don’t want to be cut out in the middle of mining which will also cut your profit potential.
For those who have a slow internet connection, consider upgrading your internet speed. Yes, slower internet speed will result in poor communication with the network, decreasing your chance of getting block rewards.
2. Electricity capacity
Vertcoin mining could require high electricity capacity. With this, you must ensure that the supply of electricity at your place is sufficient to handle the mining activities.
3. Vertcoin wallet
A Vertcoin wallet is equally important because this is where your reward automatically goes. Many platforms in the crypto world offer Vertcoin wallets. However, do your own research to get the best wallet that fits your needs.
4. Heat management (e.g. cooling system, fans)
Last but not least, make sure that you have proper cooling management at your mining place. Mining equipment can be very hot as it runs, so you need to have a proper cooling system to avoid overheating.
Now that you already know the basic requirements needed in Vertcoin mining, let us now learn how to mine Vertcoin.
Vertcoin mining using CPU or GPU-NVIDIA
Download the latest version of the 1-click miner
You can download the latest version of the 1-click miner in the official Github repository. The software is usually under assets with the file name VertcoinOneClickMinerSetup.msi. After downloading the file, double-click it and run it.
Your windows security might see this as a virus in the middle of the process, but don’t worry, it’s normal. You can either disable your virus protection and go to its settings and add “Vertcoin One-Click Miner.exe,” your choice.
When you are done with the installation, you will be redirected to another window that will ask you to run the 1-Click miner software. Click yes, to proceed.
Now that you are already in the 1-Click miner program, click “Find P2Pool Nodes” to locate a mining pool.
Pool and wallet address linking
After clicking the “Find P2Pool Nodes” you will arrive on the P2Pool Node Scanner page, there click “Scan.” In this event, you will have to choose between network 1 and network 2. Take note, if you are using simple hardware such as your computer’s CPU or GPU, it is advisable to use network 2. This is because network 2 is for equipment that outputs less than 100 MH/sec.
However, if you have a multi-GPU/CPU mining rig, you can choose network 1 since it can produce an output of more than 100H/sec.
Now, choose a pool to connect to the network. In choosing a pool, choose the one near your location so that you can maximize your mining efforts. Also, don’t forget to check the revenue fees, some give 0.25% while others can offer as high as 5%.
On the other hand, now that you have already chosen a pool, it’s time to link your wallet address. The process of linking your Vertcoin’s wallet is very easy, just put your wallet address on the wallet address bar. Once done, click “Add Selected Pool(s).”
Now that your mining pool and wallet are ready, it’s time to mine some real VTC tokens. But first, before we start mining, choose between your PC processor (CPU) or graphics card (GPU). Take note, that if you are using a GPU always ensure that you know the correct kind of GPU your computer uses.
Finally, click the start button, to start mining VTC tokens. The miner should be listed as online or waiting for a share on the upper right side of the mining page. This means that your Vertcoin mining is doing well. Happy mining!
How to Calculate Vertcoin Mining Profits
As a miner, of course, you should know how to compute your mining profits. For this reason, we have provided you a step-by-step procedure on how to calculate your VTC mining profits.
- Step 1: Go to https://whattomine.com/
- Step 2: Click on Coins
- Step 3: Search for Vertcoin or VTC as your keyword
- Step 4: Input your hash rate, power, fees, and electricity cost
- Step 5: You will see an estimate of how much profit you will earn each hour or day
Vertcoin Mining Pools
Today, many mining pools in the crypto space offer support to different types of cryptocurrencies. Interestingly, mining pools have different features that make them unique from one another. Therefore, miners must do an in-depth analysis to maximize their mining rewards.
The recommended Vertcoin mining pools for VTC include Suprnova.cc, miningpoolhub.com, and easymine.online to name some.
Based on the continuous development of the network and its current market status, yes it is worth mining this 2021.
You can mine Vertcoin using CPU and GPU.
Vertcoin is one of the friendliest cryptos to mine, all you need is an average computer to start mining.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.