Is It Illegal To Mine Vertcoin VTC
Would it be worth to mine VTC with a 3 GPU setup? Let’s say 3 Nivida GTX1060? After researching, some users are able to get close to 1 VTC a day.
• Bounties for development • • Ticker • VTC Price: 3.091 • VTC Price: 0.0003519 • Change (24h): -5.06 • Change (30d): -12.54 • Volume (24h): 42 • Updated: 02-04 14:08 GMT • • Join us on Discord • Technical Details Algorithm: Lyra2REv2 Max Coins: 84 million. Block time: 2.5 minutes Subsidy halves every 840,000 blocks (~4 years) Difficulty Re-Target Time: Every block with KGW algorithm Block Rewards: 25 coins per block Subreddit Essentials Vertcoin Official IRC: #vertcoin on Exchanges: VTC/BTC: VTC/BTC: VTC/BTC: VTC/EUR: VTC/BTC: VTC/BTC: VTC/GBP/EUR Merchant Tools: Vertcoin payment processor Services Mining Block Explorers, Other stuff Useful Subreddits. SOME users can get 1 VTC a day on a GTX 1060, but that's more a fluke than anything else.
On my 1080Ti, I usually get ~0.8 VTC a day, but yesterday I managed a 1.6 run. Is it worth it? It's up to you. I originally was using NiceHash, but switched to mining VTC directly since the hack. Luckily I was transferring everything to an outside wallet, so I 'only lost' the expected deposit of ~$160.
I'm getting a much bigger payout than when I was using NiceHash. I wouldn't go out to buy something JUST to mine though, I use my card to game so I turn hashing off when I game, and run it when on idle. I forget some nights before going to sleep and 'lose out' on a few bucks. But no big deal. Electricity is also on the cheap side where I am compared to the rest of the continent.
What is Vertcoin? Vertcoin is a digital currency that can be sent between people over the internet. Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin. BitcoinDark BTCD Mining Hash Power here.
Vertcoin is not controlled by large banks or mining hardware manufacturers and can be mined by anyone profitably. Fairly distributed without a premine, ICO or airdrop, Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations. A finite resource similar to gold, you can rest assured that Vertcoin will keep your money safe from vested interests and ensure that transaction fees are proportionate and shared between a large number of miners. With Vertcoin, you can truly be your own bank. Designed to resist centralization Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins.
Our developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware. This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment. Specifications Algorithm: Lyra2RE(v2) Generation: 84 million Block time: 2.5 minutes Block Rewards: 25 coins per block Subsidy halves every 840,000 blocks (~4 years) Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well) Premine: Zero About our development team Our development and team of trusted volunteers are working round the clock to be active and work in an open source environment. We have a wonderful team who are passionate about cryptography, programming & in other fields (Building, Mining & Branding). Our developers and team are all volunteers. If you would like to help and donate. This is our: Note: Any donation is appreciated and will be used for future projects.
An address is the only thing needed to send or receive funds. It can be easily generated from any Vertcoin wallet. Vertcoin addresses always begin with V and contain 26-36 alphanumeric characters. After a transaction is made, funds will usually clear in less than 5 minutes. There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount.
A transfer of 100VTC would incur a fee of about 0.001VTC. The Main Network Block Explorer allows users to search all the blocks and transactions on the:.
The term mining stands for the process of validating transactions on the Vertcoin network and keeping it secure. In return for work, miners are rewarded with newly generated Vertcoins. Vertcoin offers 'Proof-of-Work (PoW)' method of validating transactions. Learn more about mining Vertcoin through our guide: Why Mine Vertcoin? The Vertcoin developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware.
This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment.