Vertcoin 1-Click Miner dashboard

Vertcoin (VTC) One-Click Miner (OCM) Guide for NVIDIA Cards

When I’m not using my Windows PC (about 14+ hours of the day), I casually mine cryptocurrencies with my single GTX 1070. This guide is mainly intended for anyone in the same boat who is interested in setting up the Vertcoin (VTC) one-click miner (OCM) and giving it a try with their NVIDIA graphics card.

Please note:   At the time of writing, the one-click miner (OCM) is not optimized for AMD graphics cards. This guide is aimed exclusively at those with NVIDIA graphics cards.

UPDATE: As of 15th December 2017, smaller miners are reporting issues with no shares when mining with P2Pool. Because of this, I’d (temporarily) recommend you follow this guide instead.

Things you’ll need

 

Before you proceed, you’ll need:

  • A Vertcoin wallet address.
    • Download Vertcoin Core (which downloads the blockchain) from here.
      • Vertcoin Core is recommended when mining (see here and here).
    • Don’t use a Vertcoin wallet address from your Ledger.
  • A PC or mining rig with at least one graphics card (GPU).
  • To know what graphics card(s) you have installed.
  • To know your graphics card(s) hash rate in MH/s.
    • If you don’t know your hash rate in MH/s, check out this page. Select your graphics card then scroll to the bottom and find “Lyra2REv2”. That’s your approximate hash rate in MH/s.
  • About 15-30 minutes to setup and test the Vertcoin one-click miner (OCM).

How much Vertcoin will I earn?

In other words, how profitable is it to mine Vertcoin? To find out this, plug your details into this. You’ll need your:

  • Hash rate in KH/s. Calculate this by multiplying your hash rate in MH/s by 1000.
    • e.g., if your hash rate in MH/s is 30, your hash rate in KH/s would be 30,000
  • Power consumption (in watts).
    • You can measure this yourself with a plug-in energy consumption monitor like this or by using an online calculator (like this).
    • For a PC with one graphics card, this will probably be between 300-400W.
  • Electricity cost (in $) per kWh.
    • This should be on your energy bill somewhere.
    • On a standard tariff in the UK, my electricity costs $0.19/kWh.
  • Pool fees.
    • I was able to find multiple low latency and decent uptime nodes which had fees below 0.5% on P2Pool.

Your results will look something like this:

This shows your estimated VTC rewards (labelled ‘Est. Rewards’) and your Profit (in $). As long as your profit isn’t negative, it’s financially viable to mine Vertcoin.

Setting up Vertcoin’s one-click miner (OCM)

1) Download the VTC 1-click miner from here. Download the most recent release.

2) Run ‘VertcoinOneClickMinerSetup.msi’ and install it.

3) Once installed, launch the new shortcut called ‘Vertcoin One-Click Miner’ from your desktop. It looks like this:

4) Once it loads, you’ll see this:

5) Select ‘File’ > ‘Update’ from the top bar. Accept and install all updates.

6) From the highlighted drop-down box, select AMD or NVIDIA depending on your card manufacturer.

7) Select ‘Find P2Pool Nodes’.

8) Another window (shown below) should pop up. If your total hash rate is below 100MH/s (i.e., less than 2 or 3 graphics cards), select the ‘Network 2’ tab (highlighted in red). Then select ‘Scan’ (also highlighted in red).

9) After a short delay, it’ll populate with public P2Pool nodes which you can join. You ideally want to find a node which has:

  • A latency of less than 50ms.
  • Decent uptime (10+ days).
  • A low fee (less than 1%).

Once you find a good node, select it (left-most column).

10) Add your wallet address and the ‘specific difficulty modifier’ to the ‘Wallet Address’ box.

  • Specific Difficulty Modifier Calculation = Hash Rate in MH/s + (0.00000116 * Hash Rate in KH/s)
  • For example:
    • Sean has a hash rate of 30MH/s. His modifier would be:
      • 30+(0.00000116 * (30 * 1000))
      • 30+(0.00000116 * 30000)
      • 30+0.0348
      • VTC_ADDRESS/30+0.0348

Once you’ve added this, click “Add Selected Pool(s)”.

11) OPTIONAL: Select ‘Settings’ and enable ‘Show CLI’. This shows us what the miner is doing. Once you’ve done this, close the Settings window.

12) Enable ‘Select All Pools’. Then click ‘Start’.

13) If you’ve done everything right, you should see something like this.

“Should I setup a local P2Pool node?”

An advantage of setting up your own local P2Pool node is that it reduces your latency, which means that the percentage share rejection is lower (which is good). If you’re looking to setup your own P2Pool node, check out some of the guides linked in the ‘Additional Information’ section below.

Having issues?

If you’re having issues, check out the other guides listed in the ‘Additional Information’ section below first. If you don’t find a resolution in these other guides, check out the Vertcoin Mining subreddit or ask for help in Vertcoin’s Discord channel.

Anything to add?

Did I miss something? Or did I make a mistake? Let me know in the comments below or tweet me. I’m looking to improve this post over time, so I appreciate any input from readers.

Additional Information

Difficulty Modifiers

P2Pool is apparently “a little wonky with deciding what difficulty of work to pass to your workers” which means that you’ll sometimes get work which is too easy or difficult. To overcome this, we can manually define the difficulty with:

  • A lower bound difficulty modifier, which sets a difficulty floor which your difficulty won’t go below.
  • A specific difficulty modifier, which assigns and specifies your share difficulty.

In both cases, add either modifier after your wallet address in the one-click miner when you’re selecting a node (step 10 in the guide).

Lowest Possible Share Difficulty

  • This sets the lowest possible share difficulty which the pool can assign you.
  • Calculation = 0 + (0.00000116 * Hash Rate in KH/s)
  • For example:
    • Sean has a hash rate of 30 MH/s. His modifier would be:
      • 0+(0.00000116 * (30 * 1000))
      • 0+(0.00000116 * 30000)
      • 0+0.0348
      • VTC_ADDRESS/0+0.0348

Specific Share Difficulty

  • Instead of allowing the pool to assign you a share difficulty, this sets a specific share difficulty value.
  • Calculation = Hash Rate in MH/s + (0.00000116 * Hash Rate in KH/s)
  • For example:
    • Sean has a hash rate of 30MH/s. His modifier would be:
      • 30+(0.00000116 * (30 * 1000))
      • 30+(0.00000116 * 30000)
      • 30+0.0348
      • VTC_ADDRESS/30+0.0348

Other Guides

  • AlwaysHashing one-click miner (OCM) and P2Pool node setup guide (link).
    • Alternative version (link).
  • YouTube one-click miner (OCM) 2-minute setup guide (link).
  • Guide by /u/Tigrsh (link).
  • VTCBenchmarks one-click miner (OCM) and P2Pool setup guide (link).
  • P2Pool node setup guide (link).

Links

Amendments

  • Tickly on Vertcoin’s Discord suggested I clarify that the one-click miner (OCM) is not optimized for AMD graphics cards yet. I’ve now made this clear.
  • Deluxe and Jin on Vertcoin’s Discord noted that Electrum-VTC isn’t suited for pointing your miner towards and that you should use Vertcoin Core instead. I’ve amended the guide to state this.

2 Comments

  1. Damian 30th November 2017
    • Penguin 1st December 2017

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