Vertcoin VTC Mining Equipment
Dec 19, 2017 - Vertcoin is a cryptocurrency with a currency-use focus, which is highly pro-decentralized mining and strongly anti-ASIC. The project is Lyra2RE-based, with blocks every 2-1/2 minutes. The aggregate eventual Vertcoin supply is 84 million. Although on the face of it Vertcoin shares various features with. A simple tutorial on how to mine Vertcoin using the Vertcoin One-Click Miner program. Also using electrum. Jul 2, 2014 - As you may have already heard vertcoin (VTC) is a virutal currency that is based on the Scrypt-N (N factor Scrypt) algorithm. This means that if equipment would be developed to mine the Scrypt-N algorith at N = 10, then when N increases the equipment will be rendered useless. Vertcoin (VTC) stays true to the. Our developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make.
What is Vertcoin? Vertcoin is a digital currency that can be sent between people over the internet. Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin.
Vertcoin is not controlled by large banks or mining hardware manufacturers and can be mined by anyone profitably. Fairly distributed without a premine, ICO or airdrop, Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations. A finite resource similar to gold, you can rest assured that Vertcoin will keep your money safe from vested interests and ensure that transaction fees are proportionate and shared between a large number of miners. With Vertcoin, you can truly be your own bank. Designed to resist centralization Vertcoin’s algorithm is designed to resist the development of custom 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.
Our developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware. This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment. Specifications Algorithm: Lyra2RE(v2) Generation: 84 million Block time: 2.5 minutes Block Rewards: 25 coins per block Subsidy halves every 840,000 blocks (~4 years) Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well) Premine: Zero About our development team Our development and team of trusted volunteers are working round the clock to be active and work in an open source environment. We have a wonderful team who are passionate about cryptography, programming & in other fields (Building, Mining & Branding). Our developers and team are all volunteers. If you would like to help and donate. This is our: Note: Any donation is appreciated and will be used for future projects.
An address is the only thing needed to send or receive funds. It can be easily generated from any Vertcoin wallet.
Vertcoin addresses always begin with V and contain 26-36 alphanumeric characters. After a transaction is made, funds will usually clear in less than 5 minutes. There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount. A transfer of 100VTC would incur a fee of about 0.001VTC. The Main Network Block Explorer allows users to search all the blocks and transactions on the:.
The term mining stands for the process of validating transactions on the Vertcoin network and keeping it secure. In return for work, miners are rewarded with newly generated Vertcoins. Litecoin LTC Mining Revenue. Vertcoin offers 'Proof-of-Work (PoW)' method of validating transactions. Learn more about mining Vertcoin through our guide: Why Mine Vertcoin? The Vertcoin developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware.
This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment.