All About BTC, LTC, ETH mining as well as other alternative crypto currencies
VertCoin (VTC) has hard forked at block number 347000 bringing forth a new and improved Lyra2RE algorithm. This means that in order to continue using and mining VTC you will need to update your VertCoin wallet to the latest version as well as use a miner that adds support for the new Lyra2RE algorithm introduced with the hard fork. So far we only have working forks sgminer for AMD (source) and ccminer for Nvidia (source) from DJM34 that have support for the new version of the Lyra2RE algorithm, but we expect to see support added in other miners as well. You can download compiled Windows binaries for both miners from the links below and continue mining for the Lyra2v2 algorithm that VertCoin (VTC) is now using, also do not forget to update your VTC wallet. Do note that most coins will likely continue to use the older Lyra2RE algorithm for now, so this may cause some confusion as to what version of Lyra2RE is used by different altcoins other than VTC.
The service for leasing or renting your hashrate Mining Rig Rentals has added support for the Lyra2RE used by VTC (VertCoin) and some other crypto coins. There are currently 11 rigs listed at the service selling Lyra2RE hashrate, so the interest is actually not yet that big. The service Mining Rig Rentals has been the most active one in implementing support for new alternative cryto currency algorithms and thus it supports a lot of algorithms that no other similar service has available for users to either sell or purchase hashrate. So if you haven’t yet seen what MRR offers, then you might want to give them a try, regardless if you want to lease you mining rigs’ hashrate or rent some hashrate for a specific supported algorithm.
A good sign that there is a lot of user interest in the new Lyra2RE that VertCoin (VTC) has recently forked to is that services for renting and leasing hashrate are starting to add support for it. Today NiceHash and WestHash have added support for the Lyra2RE algorithm and while it may not be the most profitable algorithm according the stats on profitability it is still very profitable (SHA256 is the most profitable at the moment for some reason, making it interesting to sell hashrate than to mine Bitcoins directly). So if you are mining VTC directly and then selling it for BTC, then you might want to make it easier by directly pointing your hashrate to NiceHash or WestHash. Interestingly enough now that VertCoin is no longer Scrypt-N the interest for hashrate at services that offer you to rent an lease has gone low as people are apparently moving to Lyra2RE. It will be interesting to see if the interest in Lyra2RE and VTC will continue to increase or it will just be a temporary thing. If the difficulty continues to rise and the exchange rate of VertCoin does not start rising the profitability of VTC will suffer and people will start moving to more profitable coins to mine. As a result of people mining and selling VTC for BTC we already saw a drop in the VertCoin exchange rate today when some people apparently dumped the coins mined immediately after the switch of the algorithms while the difficulty was low.