Vertcoin (VTC) is a cryptocurrency that was created in 2014 and is branded as “the people’s coin” by the community. Unlike Bitcoin (BTC), Vertcoin (VTC) aims to keep its mining as decentralized as possible. This means that the development team is looking to keep Vertcoin (VTC) ASIC resistant so that the community can continue to mine it with a graphics card (GPU).
To encourage more members of the community to mine Vertcoin (VTC), the team behind this cryptocurrency has developed the one-click miner that is simple and easy to use. This focus of this post is to show anyone interested in mining a cryptocurrency how easy the Vertcoin (VTC) one-click miner is to use.
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).
- Electricity cost (in $) per kWh.
- This should be on your energy bill somewhere.
- On a standard tariff in the UK, my electricity costs $0.20/kWh.
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 (VTC).
Setting Up Vertcoin’s One-Click Miner (OCM)
Start by downloading the latest version of the 1-click miner from the official GitHub repository.
Find this .zip file in your Downloads folder. Open it up with something like 7zip and move the application named ‘vertcoin-ocm.exe’ to your desktop (or anywhere else you want to keep it) and rename it if you want too. Then you just need to double-click this .exe to start-up the one-click miner. No installation is required to get started.
You might see something like this when you run it. Anti-virus programs like Windows Defender will flag all cryptocurrency miners and it’s nothing to worry about if you’ve installed this from an official source. You won’t see this warning again after the 1st time.
You should see something like this. Insert a unique password (ensure you keep that somewhere safe) and then select ‘start mining!’
It’ll then start mining Vertcoin (VTC). You should see something like this, but the numbers will depend on how powerful your graphics card is.
When you need to use your computer or you want to turn it off, then just shutdown the Vertcoin (VTC) one-click miner and it’ll stop mining. When you want to resume mining, just start-up the one-click miner and it’ll start mining Vertcoin (VTC) again.
Vertcoin’s one-click miner has a built-in wallet, but you can send any Vertcoin (VTC) that you’ve mined to a different wallet by going to the ‘send coins’ tab and putting in the destination address and the password you set up earlier.
Everything about the one-click miner is handled for you, but a few settings can be changed in the ‘settings’ tab.
If you like, you can use closed-source miners instead of the default one. As noted in the settings, these sometimes have a small developer fee (usually about 1-2% of whatever you’re mining). However, using closed-source miners can lead to a higher hash rate (MH/s). As you can see below, I gained an extra 10MH/s when I switched to a closed-source miner (which is a 25% improvement over the default miner).
If you’re having issues, you’ll be able to find help in the following places:
Anything to add?
Did I miss something? Or did I make a mistake?
Let me know in the comments below. I’m looking to improve this post over time, so I appreciate any input from readers.