Mining Vertcoin How To Guide

If you have a decent graphics card you are unfortunately late when it comes to Bitcoin mining. Bitcoin mining now requires special rigs to make any kind of money. However there are other coins specifically made for users who have a spare GPU or two. Vertcoin is one such coin. Vertcoin is based on the original Bitcoin implementation shares many of it’s characteristics. The one thing that sets Vertcoin apart from Bitcoin is the mining algorithm. When you are mining Vertcoin you use an algorithm called lyra2v2, not sha256 like Bitcoin. Lyra2v2 is designed to use more memory which limits the number of parallel processes a mining rig can run. In this way it sort of evens out the playing field for everyone.

If you are interested in mining Vertcoin it is very easy to get started. First you will need to get a wallet on your computer in order to get an VTC address. This is where you will safely store coins that you receive as a mining reward. For the latest wallet head on over to Vertcoin’s Github page and download the latest version of which you can install once unzipped.

Once you have a wallet you will need to get the latest version of the Vertcoin One Click Miner which can be found under releases on their Github page. Click on the VertcoinOneClickMinerSetup.msi to download the installer. Once you have this installed open OCM and you should see a window similar to the one below except you will not have any pools listed yet.

Mining Vertcoin

To add a pool simply click on Add Pool in the bottom right corner. A new window will open that looks like this.

Add a pool to begin Mining Vertcoin

Here you can enter or if you prefer using an our IP. The wallet address is where you should enter the address to your wallet so that you will receive funds when you find shares in the pool. The password is x as it is with most other public nodes that you will find out there. If you want to have a look for other nodes you can click the “Find P2Pool Nodes” button. A quick search for “vertcoin p2pool scanner” on Google will turn up a few more pools as well. Once you have that set up you should be ready to start mining. Simply select the type of miner you want to use. I have a Nvidia graphics card so I usually go with the “NVIDIA-ccminer” or the “NVIDIA-vertminer”, both are good choices and the vertminer includes a 2% developer donation to help the Vertcoin developers.

Extra Settings for Mining Vertcoin

If you open up the settings page you can configure your miner to start when windows starts. Showing the CLI will tell you a bit more about what’s going on with your miner. You can also run your own P2Pool. You will need to open up ports on your router for a P2Pool to work. If you know how to do this then we highly recommend that you try it. This will help keep the network decentralized. You can also select an intensity on the settings page which can be good if you want to use your computer for something else as you are mining. I have mine set to 0 which allows the miner to set the intensity. The 0,1 under Devices tells the miner to use both of my video cards for mining. I like to only set it to 1 if I use my computer for something and then it only uses my second video card.

I hope you find this guide on how to start mining vertcoin useful. Feel free to send me a tip to my VTC address if it helped: VcMhEJrnYKNjTSrkazwJXgLHVRB5vKuouv

Here is a pdf on how to set up the Vertcoin OCM and find other pools.