October 28, 2018 16:29 by Nuno Menezes
Mining Vertcoin (VTC) has now become even lighter. The Vertcoin Team has recently released a fresh update for the effortless to use One-Click Miner. This update is said to waterput the software working slickly and more efficiently.
Te August, the Vertcoin team announced a fresh, easy-to-use miner to the community and released a Beta version, which wasgoed a yam-sized step te bringing a lotsbestemming more people to mining. However, the mining software wasgoed running cranky, and the team determined to do some switches to make it work better. After several complaints from the community telling that the One-click Miner (OCM) had too many issues, the development team waterput their mitts to work to attempt and solve thesis problems.
A little bit about Vertcoin
Vertcoin is a digital currency that can be exchanged overheen the internet. The altcoin stays true to the original vision of cryptocurrency, a financial system wielded by its users, the people’s coin. Vertcoin’s algorithm is designed to fight back the development of custom-built 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.
The OCM and how it works
Basically, the OCM is a GUI Miner that is very ordinary to use. Users only need to download it and install it. Once it is installed, you just need to set your pool up and choose what kleuter of Hardware you will be using (CPU\GPU), and you are ready to go. You can download the miner here.
Getting Began with OCM
After launching the OCM, a puny Graphical User Interface will speelgoedpop up. To commence, you will need to scan for P2Pool Knots. Click the Find P2Pool Knots button te the top-center of the OCM. After that, click the Scan button to scan for active knots on the P2Pool network.
You will have two networks to choose from, Network 1 and Network Two. The Network 1 is the recommended network for miners with a loterijlot of hashing or above 100Mh/s. The Network Two is the recommended network for a smaller miner with CPU or two graphics cards or less. If you are a larger miner with numerous cards and/or a hash rate larger than 100Mh/s, it is recommended to use Network 1.
After choosing the network and the pool, you need to add the Vertcoin Address to which you want to mine to and then select hardware you will be using to commence mining. There are two ways to mine Vertcoin, via your graphics card or CPU. Other than the CPU, you can only choose two types of graphics cards, AMD and Nvidia. Miners with mixed GPUs will not be able to run them at the same time. Once you’ve selected your hardware type, click the ‘Start’ button.
Using two GPUs (AMD 5850 and 7950), the OCM hash rate managed to reach more than Two.8 Mh/s after connecting to a pool te the same city and leaving it running for less than an hour. Ensure to visit the AMD or Nvidia websites to get the latest updates (if you are using GPUs) to optimize their spectacle.
Users will also be able to host a local P2Pool Knot. To host the Knot, you need to be running the Vertcoin Core Wallet.
With the OCM, Vertcoin becomes effortless to mine than everzwijn before, and with a bright future ahead, mining some VTC might turn out to be a good investment, not to mention making the network more sturdy spil well. While you may not mine a loterijlot of VTC, it is a nice introduction to mining for beginners.
Latest updates from the Vertcoin Team
Recently the Vertcoin team announced Ledger Nano S and Ledger Blue support. The team announced it is also developing the support for the Electrum TOR Wallet, spil well spil the integration of Lightning Network into the fresh wallet under development. The team is aiming for it to be compatible with Desktop, Web, and Mobile and you can run it te both utter blockchain mode, or run it spil SPV wallet. Vertcoin support wasgoed officially added to Decred’s Atomic Exchange recently, which will enable on-chain interchanges using the Atomic Interchange Utility. The Vertcoin community has also moved from Slack to Discord. The community determined to stir due to the phishing and spam attacks flooding crypto slack teams for the last few months.
Vertcoin is one of the most interesting projects ter the ecosystem. The project is presently ranked at 27 by Coinmarketcap.com with a market capitalization of around $200 million and at the time of writing one vertcoin is priced near $Five. According to CoinGecko, the altcoin is placed at number Nineteen. Te brief, the team has bot delivering, the community is growing strong, and the roadmap looks very promising. Vertcoin is certainly a project to keep on the radar.
The author does not hold VTC or project to inject into any positions te the short-term.