Posts Tagged ‘Verthash algorithm’

Have You Been Mining VertCoin (VTC), Today the Price is Up 100%

14, Feb 2021

Today VertCoin (VTC) is on fire with the price going up with more than 100% already and that should serve as a good reminder that you might want to check out mining it after it forked to the new memory-intensive VertHash algorithm. Even though the price is significantly higher at the moment, there hasn’t been much of a change in the network difficulty and the number people mining VTC haven’t increased much… yet! Originally VertCoin (VTC) mining was interesting mostly for older GPUs that were good mining cards (with at least 2GB of VRAM), but are not capable of mining Ethereum due to the large DAG size. But now with the recent price spike even newer video cards that are being used for Ethereum mining can become very profitable if switched to mine VTC at the moment…

The VertHash algorithm is a memory-intensive one, though it has its differences from Ethash used by Ethereum for instance. The main advantage is that you can mine VTC on any GPU that has at least 2GB of video memory, so older mining GPUs can be brought back to life, so time to dust off that good old AMD Radeon R9 280X GPUs or Radeon HD 7970 GPUs and start mining VTC with them. Even Radeon R9 290 or Radeon R9 390 can do pretty good at the moment, although these might still be good for Ethereum mining under Linux with high mining hashrate. So, make sure you double check what works best for them and what not in order to maximize your mining profit.

The AMD Radeon RX 470 and RX 480 or RX 570 and RX 580 with 4GB VRAM were great for mining VTC using the new VertHash algorithm before the price spike, but now they will be even better in terms of profitability mining VertCoin. So much better that you should probably stop using them for mining Ethereum (ETH) in “Zombie Mode” at least for a while. With the doubled price at the moment, even the latest Nvidia GeForce RTX 30 series of GPUs that do spectacularly in terms of VertHash hashrate for mining VTC can turn out to be more profitable than directly mining Ethereum.

– To Calculate Your Current VertCoin (VTC) Mining Profitability on MinerStat…

Mine VertCoin (VTC) After the Switch to the Verthash Algorithm

31, Jan 2021

If you been intr crypto for longer time probably have heard about VertCoin (VTC), after all it has been available for more than 7 years already and during that time forked multiple times changing Proof of Work (PoW) mining algorithms. Well, VTC did it once more this time switching from using Lyra2REv3 to Verthash in order to bring back mining VertCoin back in the hands of GPU miners. As is it normal with forks, requiring wallet updates and new mining software things may get a bit messy initially until everyone updates to the required software and the fork just happened. This means that not all mining pools and exchanges supporting VTC have already upgraded and are ready for the fork, so make sure if you mine VTC using Verthash to do it on a compatible mining pool and keep the mined coins locally and not sending them directly to an exchange for a while more at least!

In order to be able to mine VTC with the new Verthash algorithm you need to start by downloading the latest VTC wallet (currently version 0.17.1) and running it as it will generate a Verthash Datafile on its first run. This verthash.dat file is over 1GB in size so it can take a while, but it is a requirement for the miner to start working, so you will need to wait (the dat file is required on every mining rig!).

– To Download the latest Vertcoin Wallet v0.17.1 (Verthash)…

The next thing you need is to download and configure the latest VerthashMiner, there is a Windows and Linux version available and the miner works on both Nvidia CUDA and AMD OpenCL GPUs. Have in mind that the VerthashMiner miner requires a GPU with a minimum of 2GB VRAM! In order to start mining you will need two things, a mining pool where you will point your mining hashratre (you can go for the – Suprnova Vertcoin Pool like we do in this example) and the second thing the miner needs is the verthash.dat file that the wallet will generate on its first run.

– To Download the latest VerthashMiner v0.6.1 Miner…

Suprnova VTC VertHash Stratum server:
– Standart Difficulty: stratum+tcp://vtc.suprnova.cc:1777
– High Difficulty: stratum+tcp://vtc.suprnova.cc:1778
– High Difficulty: stratum+tcp://vtc.suprnova.cc:1779

Example VerthashMiner command line:
VerthashMiner -o stratum+tcp://vtc.suprnova.cc:1777 -u USERNAME.WORKER-ID -p x --verthash-data verthash.dat --all-cu-devices --all-cl-devices

Make sure to replace USERNAME with the username and WORKER-ID with a worker id you have created on the pool. Then either copy the verthash.dat file from the VertCoin wallet folder to the miner folder or set the full path to the file in the miner command line.

How much VTC can you mine using the new Verthash algorithm, well that depends on what kind of video cards you have available and how many. For instance, a single power-optimized Nvidia GeForce RTX 1080 Ti video card does about 700 KH/s in terms of hashrate and that can probably get you about 1 VTC per two hours maybe (1 VTC is about $0.22 USD at the moment), though with difficulty increasing that will surely change and go down.

If you are looking for an easier alternative to get started mining Vertcoin (VTC) with the new Verthash crypto algorithm, then you might want to also check out the official Vertcoin One Click Miner that simplifies the process described above for people that are new to crypto and mining in general.

– To Download the VTC One Click Miner vNext 2.0-rc4…


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