The revolutionary algorithms used in the Vertcoin network make it possible to implement the most simple and affordable coin mining, which is often called “one-click mining”. This feature is key because it makes it as easy as possible for ordinary users to extract currency and prevents them from doing the same on an industrial scale, organizing a monopoly.
In addition, an update to the protocol called SegWit was introduced to the network, with the help of which the scalability problem was solved and the block size increased. As a result, there are many opportunities for realizing important aspects of “layering” and their further improvement.
It is also worth noting a few more main advantages of Vertcoin, which are also quite important, as well as decentralization:
- High-speed parameter. The network is capable of carrying out huge amounts of instant transactions and has increased bandwidth.
- Project team activity. The community of users of the project has almost unlimited access to communicate with technical specialists. The two sides are constantly exchanging information and opinions. Based on this activity, new functions are being introduced, and the entire system is being developed.
- Philosophy of the project. Vertcoin was created by people and for people, protected from the influence of huge capitals and middlemen.
In general, the project has several parameters that make it unique and stand out against the background of numerous competitors in the market, which is constantly being replenished with new developments.
Mining Vertcoin
Mining this cryptocurrency is as simple and affordable as possible thanks to the One-Click Miner (a one-click miner). It is worth noting that the developers did not exaggerate too much when they gave it such a sonorous and pleasant name. With this client, you can start mining currency very quickly.
How do you start mining? You only need to go through a few simple steps:
- Install the most recent up-to-date version of the OCM client from here.
- Install and run the program with a green icon that appears on your desktop.
- After launch, in the middle of the program window, there will be a button “Find P2Pool Nodes”. Click it and scan in a new window (“Scan” button).
- If you plan to organize mining with less than two video cards or a processor, choose your pool in the “Network 2” section. The recommended latency should not exceed 100 ms (the last column in the pool characteristics).
If you are a large earner, choose your pool from the “Network 1” list.
- After selecting the pools, add your wallet address in the field on the right. The name is “Wallet Address”.
- Further, to host a local node, you will need to enable Vertcoin Core Wallet, which can be downloaded here. After installing it and fully synchronizing, you will need to check the “Run Local Node” box, which is located in the upper right corner of the main One-Click Miner window.
- Next, you will be prompted to add the wallet address and password to the local pool address so that the program can add your new node to the pool list.
- After completing all the steps, you will see the modified P2Pool status text, which will first change to “Loading” and later to “Running: Network X”.
- To select the hardware you want to mine on, you need to click on the cell under the “Miner” field (upper left corner of the OCM program) and select AMD or Nvidia (for the corresponding video cards) or CPU (for mining on a processor).
- After that, click on the “Start” button, which is located nearby (perhaps, after pressing this button, another small load will be required, please carry it out).
That’s all. Everything is as simple and accessible as possible. The hash rate will be displayed at the bottom in the middle. The higher it is, the higher your cryptocurrency mining performance will be.
How and where to buy Vertcoin
At the moment, the purchase and sale of cryptocurrency are available on more than 10 well-known world stock exchanges, in twenty cryptocurrency pairs.
Most of the variations are provided by the Coinroom platform. You can buy or sell VTC there for PLN, GBP, EUR, and USD.
All other exchanges offer two or even one option for trading.
There are pairs available on Upbit: VTC / BTC, and VTC / KRW.
Trade By Trade users can make transactions in pairs: VTC / USDT, VTC / BTC.
Bleutrade offers traders: VTC / BTC, VTC / DOGE.
Closes the list of exchanges where more than one Bittylicious pair is available: VTC / GBP, VTC / EUR.
The total daily turnover of the cryptocurrency reaches more than 700 thousand US dollars or 120 Bitcoins if you count in the main cryptocurrency. The rest of the options for buying and selling, as well as the most up-to-date information, can be found by clicking on the link to the coinmarketcap resource.
