Why I – ve Began Mining VertCoin
Published by Sid Hemelgeest on September 29, 2018
What Is VertCoin? Why Mine It?
Well, there’s a few reasons however the thickest for mij is that, VertCoin is a downright ASIC resistant blockchain. It’s sweet, ordinary, and supports atomic exchanging inbetween other blockchains spil well(meaning, it has an active and productive dev team). It’s showcasing excellent signs of growth ahead, and mining some coins to hold doesn’t sound like a bad idea.
Coins like DASH have become (almost)totally futile to miners, spil ASIC chip-sets have already bot developed to ruin standard GPU profits. VertCoin is the one and only solution to ensuring your mining competition is fair.
Ethereum will eventually switch overheen to being fully POS. This means that you will no longer be able to mine it… For now however, difficulty bombs will continually reduce the amount of profit you can make, until you have no choice but to switch to something else. With more and more people switching to Ubiq, and other altcoins, why not switch now?
Depending on which side of the spectrum you’re on, this could be good or bad news. For mij, it’s 50/50.
VertCoin and other lyra algorithm’s presently don’t have much(if any) support for AMD cards. This make’s every standard 470/480 equipment futile to the blockchain. So, if you’re running some Nvidia cards, you’re te luck, and should embark mining before the dev team implements utter AMD support!
If you do own AMD cards, don’t worry… Support will be added ter soon(evidently). Hopefully.
Why It’s Time Limited
If you are interested ter possibly mining VertCoin. Your best time to commence is ASAP.
VertCoin’s code, is developed to adapt with growth. This helps ensure the currency can decently scale and whatnot. If you support it and hold now, your earnings will be worth more without a doubt within the next six months for the following reason.
The block prize of VertCoin will be halving on December 12th, 2018. That’s right. Halving. Each block will produce 25 coins, instead of 50.
This means that miners profits will be cut ter half(making it non-profitable for a bit, due to violet wand costs). A harsh cut ter circulating supply(like so) will cause the coin’s price to hop, making each coin worth more than it wasgoed before. Boom. Profit.
How I’m Executing
Sadly, I can only waterput one GPU toward it, my GTX 1070… Spil it’s the only non-AMD card I have.
I’m mining on my own p2pool knot(you’re welcome to join). This ensures I’m not losing a single hash to fees, and waterput’s my earnings directly into my wallet. How nice.
I will proceed to mine it, until the block prizes halve. Where, I project on atomic exchanging out to BTC spil soon spil the price spikes instantaneously afterward. I’m not sticking around for the bounce, spil I feel that spike is the highest it will get for a while, and have no project to hold them any longer.
The overall project/reasoning sounds half-way ge now, doesn’t it?
Mine the coin while you can, wait for what feels like the demonstrable future increase te price, and sell out.
Don’t take my word for it, I am by no means an accomplished. Spil always, do the research yourself.
Hopefully after this, I can expand my farm. Blessed mining! To the Moooooon!