Quick Guide on How to Mine Vertcoin

In the cryptosphere, earning passive income on assets has been a thing among traders and investors for many years, especially with airdrops, liquidity pools, staking, and mining making the rounds. Cryptocurrency mining is particularly popular as it emerged with the first crypto, Bitcoin.

Like Bitcoin, Vertcoin (VTC) is a Proof-of-Work (PoW) token; thus, its network employs mining to verify new transactions and create new blocks. Vertcoin is designed to be ASIC miner-resistant and is one of the most accessible coins to mine.

Requirements for Mining Vertcoin 

Before deciding to be a solo miner or a pool miner, specific requirements must be met to operate as a Vertcoin miner.

– You must have a Vertcoin wallet. – Ensure your mining PC is connected to a stable and constant internet connection, – You also need a high power supply to keep up with the electrical costs of mining. – An efficient cooling system is also required to prevent your PC from overheating. – Your mining PC must have a GPU with 2GB of Video RAM or higher. Examples of such GPUs are the Nvidia CUDA, AMD OpenCL, and Intel OpenCL GPUs.

How to mine Vertcoin with Vertcoin One-Click Miner

The VTC development team designs the Vertcoin One-Click Miner. It functions as the mining software for Vertcoin and can be used by miners at any level, including newbies. The Vertcoin One-Click Miner also comes with its wallet. Thus, there is no need to install a Vertcoin wallet to use this software.

– Step 1: Download Vertcoin One-Click Miner – Step 2: Extract the application from the zip file and run it.  – Step 3: Set up your password and click on “Start Mining.”

How much can you earn by Mining Vertcoin?

You must consider various factors to know how you can make mining Vertcoin. However, your GPU’s hash rate is a significant determinant of your mining rewards. Hashrate is simply the number of hashes a GPU can solve/submit within a period. For example, the NVIDIA RTX 3090, one of the best GPUs for mining, has a hash rate of 121Mh/s, meaning it processes 121 million hashes per second.

Aside from hash rate, other factors that affect the value of mining rewards are power consumption rate, electricity cost, and mining fees (if you are part of a pool).

Read More Stories

NEXT STORY