Vertcoin VTC Mining Cost Calculator
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Running Vertcoin full node and mining 24/7. Can mining VTC be profitable for the little guy? It is currently a sunk cost for me. Vertcoin (VTC) Hash rate. Kh/s Block reward. VTC Difficulty. Pool fee% Exchange rate. BTC Cost $/kWh. Hardware cost $ BTC value. Using WhatToMine you can check, how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin. Find out what your expected return is depending on your hash rate and electricity cost. Find out if it's profitable to mine Bitcoin, Ethereum, Litecoin, DASH or Monero.
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• Bounties for development • • Ticker • VTC Price: 3.105 • VTC Price: 0.0003600 • Change (24h): 2.06 • Change (30d): -16.81 • Volume (24h): 83 • Updated: 02-03 02:02 GMT • • Join us on Discord • Technical Details Algorithm: Lyra2REv2 Max Coins: 84 million. Block time: 2.5 minutes Subsidy halves every 840,000 blocks (~4 years) Difficulty Re-Target Time: Every block with KGW algorithm Block Rewards: 25 coins per block Subreddit Essentials Vertcoin Official IRC: #vertcoin on Exchanges: VTC/BTC: VTC/BTC: VTC/BTC: VTC/EUR: VTC/BTC: VTC/BTC: VTC/GBP/EUR Merchant Tools: Vertcoin payment processor Services Mining Block Explorers, Other stuff Useful Subreddits. After mining VTC for about a month, I'm asking myself the question, can smaller crytpos like VTC be profitable to mine on a small scale, my results say that it can't. I'll explain a bit and hopefully somebody here can give me some answers.
So, I can happily mine away for a day or 2, at a small-medium size hashrate, at a relatively stable market price. However, market price increases, other larger miners now take advantage of it. The little miners gets screwed by the larger hashrates.
The price retracts, the big miners leave, the network take a day to recover. A day later I'm back mining again. Then, the price increases, larger miners jump on board.rinse and repeat. The result, smaller miners are never mining at a stable rate for long enough to make clear gains. Just my observations.
I see it as a problem if the community wants to grow as a peoples mine-able coin. I guess if you're not using your GTX to play games but then why would you own it in the first place? At the current hashrate he'd still be barely turning a profit of like $10 a month even without equipment costs. I'm definitely not trying to discourage people mining, but just show that if you really believe in VTC then right now you're better off just buying small amounts instead of mining on a mediocre gaming rig. Say you mine for 3 months and have a whole 90 vtc if you're lucky now, you could have just spent $100 or so now and not wasted the electricity and usability of your pc. I'm definitely pro mining, it just doesn't make sense for small timers to mine VTC now.
If you really believe it's going to the moon then just buying some now and holding seems to me to be a wiser investment then the time of mining on a slow rig. In Mine Nexus NXS. • • • • • • •.