You can still mine bitcoin with a GPU, but it’s so outclassed that you’ll end up spending more on energy than you get back from bitcoin.
As ASIC mining took over bitcoin, many people felt that it was no longer a decentralised currency. ASIC-resistant cryptocurrencies like Vertcoin are meant to be more egalitarian, so anyone can profitably mine them on their home computer.
Vertcoin is specifically designed to be decentralised, with mining kept in the hands of its users rather than mining conglomerates.
It does this with an ASIC-resistant design. It’s not the first coin to attempt this, but it might be one of the most successful.
Unlike other coins, Vertcoin has introduced an adaptive mining algorithm that can update to stay one step ahead of ASIC miners.
The same algorithm also gives an extra edge to GPU mining to actively incentivise users to mine with their home computers or with over-the-counter video cards.
Other than that, it’s a fairly standard cryptocurrency, much like Litecoin. It has the same 84 million coin supply limit and 2.5-minute block-creation time. You can probably expect quick and cheap blockchain transactions.
Should I buy VTC? What’s the future of its price?
Updated: 10 Apr 2020 10:43:11 UTC
Vertcoin was created in 2014, making it a veteran by cryptocurrency standards. This has given it a lot of time to prove its functionality and the dedication of its team, although you might get more use out of it as a miner than as an investor.
However, it’s not entirely clear what kind of value GPU minability holds for a currency or whether true decentralisation is even possible.
At the time of writing, 70% of all VTC is held by only 0.3% of wallet addresses and for you to mine it profitably, you will probably need to invest heavily in GPUs.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly
volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of
future performance. Consider your own circumstances, and obtain your own advice, before relying on this information.
You should also verify the nature of any product or service (including its legal status and relevant regulatory
requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may
have holdings in the cryptocurrencies discussed.
Andrew Munro is the global cryptocurrency editor at Finder. After previously writing about insurance and other areas, he now covers the latest developments in digital assets and blockchain and works on Finder's comprehensive range of guides to help people understand cryptocurrency.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.