Vertcoin (VTC) is a peer-to-peer cryptocurrency similar to Bitcoin, Litecoin, and other cryptocurrencies. It has its own blockchain, a network of miners and wallet infrastructure. However, unlike Bitcoin, Vertcoin is dedicated to keeping its mining network decentralized.
Developers of Vertcoin (VTC) has made this coin resistant to ASICs (Application Specific Integrated Circuits). It forked a few times in the past to maintain its resistance to ASICs. Being ASIC resistant is the way to achieve the highest decentralization possible. This might seem like a small change, but actually, this has major implications on fair distribution and decentralization of the coin.
All this is good news for GPU miners. If you own a powerful GPU, you can earn good profit mining Vertcoin (VTC). If you are wondering what is the best GPU to mine Vertcoin (VTC), you are at the right place. However, when selecting a graphics card for mining Vertcoin (VTC), there are 3 factors you need to consider:
- Hash Rate (Lyra2REv3 algorithm)
Vertcoin uses Lyra2REv3 algorithm. So, you must select the best graphics card for hashing Lyra2REv3. It is important to find a graphics card that has the best balance between hash rate, efficiency, and price. Use the table below as a guide to select the best graphics card for Vertcoin (VTC):
|Graphics Card||Hash Rate (Lyra2REv3)||Power Consumption||Efficiency||Price||Profit|
|RTX 2080 Ti||98.5 MH/s||220 W||2.2 W/MH||Check Price||Check|
|RTX 2080||81 MH/s||190 W||2.3 W/MH||Check Price||Check|
|RTX 2070||60.5 MH/s||150 W||2.4 W/MH||Check Price||Check|
|RTX 2060||54 MH/s||130 W||2.4 W/MH||Check Price||Check|
|GTX 1660 Ti||43.5 MH/s||90 W||2.1 W/MH||Check Price||Check|
|GTX 1660||42 MH/s||90 W||2.1 W/MH||Check Price||Check|
|GTX 1080 Ti||77 MH/s||190 W||2.5 W/MH||Check Price||Check|
|GTX 1080||58.5 MH/s||150 W||2.6 W/MH||Check Price||Check|
|GTX 1070 Ti||51.5 MH/s||130 W||2.5 W/MH||Check Price||Check|
|GTX 1070||44.6 MH/s||130 W||2.9 W/MH||Check Price||Check|
|GTX 1060||26.5 MH/s||90 W||3.4 W/MH||Check Price||Check|
|GTX 1050 Ti||18.8 MH/s||75 W||4.0 W/MH||Check Price||Check|
|Radeon VII||90 MH/s||240 W||2.7 W/MH||Check Price||Check|
|RX Vega 64||59 MH/s||240 W||4.1 W/MH||Check Price||Check|
|RX Vega 56||51 MH/s||220 W||4.3 W/MH||Check Price||Check|
|RX 580||0.6 MH/s||120 W||200 W/MH||Check Price||Check|
|RX 480||0.6 MH/s||130 W||216.7 W/MH||Check Price||Check|
The mining stats given above are under stock settings. There are various tweaks available for graphics cards. For example, if you overclock your graphics card, you can get significantly high hash rates. It is not always safe, but if you do it cautiously, it can increase profits.
Should You Buy the Most Efficient Graphics Card?
Most efficient graphics card doesn’t mean it is the most profitable one. Although it can be an indicator of good value for the money. If you have free or cheap electricity, the efficiency of the graphics card becomes less and less important.
However, if electricity is expensive in the area you live, the efficiency of the graphics card becomes important. As of now, GTX 1660 Ti is the most efficient graphics card on our list.
How to Calculate Mining Profit of My Graphics Card?
The fastest way to calculate how profitable your graphics card is is to use a mining calculator. Go to WhatToMine and select Vertcoin (VTC) calculator. Enter the hash rate of your graphics card, the total power consumption of your mining rig, cost of electricity for kWh, and the fee of the pool you are mining in. Hit calculate. You will see a breakdown of estimated mining profits like below:
Best Vertcoin Mining Software
One important consideration before you start mining Vertcoin (VTC) is to select the best mining software. Some of the software is optimized for mining Vertcoin resulting in higher hash rates. One-Click Miner is the best miner for Vertcoin (VTC). As of now, it is only available for Windows. Check out here.
How to Earn Vertcoin (VTC) without Mining?
For those who can’t afford expensive graphics cards or don’t have the technical skills to build a mining rig, there are still ways to earn Vertcoin (VTC). The easiest way to obtain Vertcoin is to buy some from a cryptocurrency exchange. You can use CoinSwitch to exchange Bitcoin to Vertcoin (VTC). To buy Bitcoin with fiat, you can use Binance.
An alternative way to earn Vertcoin (VTC) is to cloud mine it. Nicehash and MiningRigRentals are some of the best services for cloud mining Vertcoin. You can buy hash power from these services and allocate that power to mine Vertcoin. The payout will be sent to your Vertcoin wallet. To learn more about buying hash power, check here.