Verge (XVG) is one of the best privacy-focused cryptocurrencies today. It is cheaper, faster and private than Bitcoin. What is interesting about Verge is, it supports 5 hashing functions:
- Blake (2s)
This means you can either mine with an ASIC or GPU depending on the algorithm. As of now Blake (2s) and X17 hashing algorithms are ASIC resistant. So, if you want to mine Verge with a GPU, these 2 algorithms are the best. Although, if someone develops an ASIC for these 2 algorithms, mining with a GPU can become unprofitable.
There are ASICs available for Scrypt, Lyra2REv2, and Groestl. If you plan on mining Verge (XVG) with an ASIC, these 3 algorithms are your options.
Best Hardware for Mining Verge (XVG)
Before you invest in an ASIC or GPU, it is very important to estimate the expected profit. The best hardware for mining Verge (XVG) is the one that can recoup the cost of hardware and costs of mining the quickest. Depending on the cost of hardware, hash rate, power consumption, and cost of electricity, it can take a year or so to recoup all investments.
Price and difficulty of Verge (XVG) can also determine if you are going to profit or not. To calculate estimated Verge mining profits, you must use a mining calculator. Enter the hash rate, power consumption, and cost of electricity in the calculator and hit calculate. You will be presented with a break down of the estimated profit.
Best ASICs for Mining Verge (XVG)
Innosilicon A6+ is one of the most powerful ASICs available today for hashing Scrypt algorithm. It can generate a hash rate of 2.2 GH/s at a power consumption of 2100 W. In terms of efficiency, it is at 955 W / GH. Innosilicon A6+ is the successor of Innosilicon A6. The newer version is significantly improved in terms of power and efficiency. In fact, Innosilicon A6+ offers double the hash rate of the older version with relatively low power consumption.
Although Innosilicon A6+ is very popular among Litecoin miners, you can mine Verge (XVG) or any Scrypt based coin with it. As of now, this ASIC goes for 3000 USD on Innosilicon online store. It is available only in limited quantities. If you want to get one for cheaper, you can buy a used one from eBay or Amazon.
What is interesting is, the older Innosilicon A6 is still available for sale. Although it is not as powerful as the newer version, it is still profitable to mine with one. Innosilicon A6 is capable of generating a hash rate of 1.23 GH/s at a power consumption of 1500 W. In terms of efficiency, it is at 1220 W / GH. It is also listed on Innosilicon online store and available in limited quantities.
Antminer L3++ is a powerful Scrypt ASIC manufactured by Bitmain. Although it is not as powerful as Innosilicon A6+, it is very popular among Litecoin miners. You can use this ASIC to mine Verge (XVG), Litecoin (LTC) and all other Scrypt based coins. Antminer L3++ can generate a hash rate of 580 MH/s at a power consumption of 940 W. In terms of efficiency. it is at 1.62 W / MH. It is very difficult to own one of these machines. Antminer L3++ was quickly sold out on Bitmain online store. If you want one, your best bet is to find one on eBay or Amazon. Check out here.
Antminer L3+ is the older version of this ASIC. It can generate a hash rate of 504 MH/s at a power consumption of 800 W. It is slightly more efficient than Antminer L3++ at 1.59 W / MH. The efficiency of an ASIC is an important factor of consideration before investing in an ASIC. Although efficiency is important, it is not the only factor. It becomes more and more important if you live in an area with high electricity fees.
If you want to own one of these machines, you must preorder from Bitmain and wait for the next shipping batch. If you want one immediately or at a cheaper price, check on Amazon.
The table below lists some of the best ASICs for mining Verge (XVG) and their consecutive hash rate, power consumption, efficiency, price, and profit:
|Hash Rate||Power Consumption||Efficiency||Algorithm||Price||Profit|
|Innosilicon A6+||2.2 Gh/s||2100 W||955 W / GH||Scrypt||Check Price||Check|
|Innosilicon A6||1.23 Gh/s||1500 W||1220 W / GH||Scrypt||Check Price||Check|
|Antminer L3++||580 Mh/s||940 W||1.62 W / MH||Scrypt||Check Price||Check|
|Antminer L3+||504 Mh/s||800 W||1.59 W / MH||Scrypt||Check Price||Check|
|Innosilicon A4+||620 Mh/s||750 W||1.2 W / MH||Scrypt||Check Price||Check|
|Baikal Miner BK-X||10 GH/s||150 W||15 W / GH||Myriad-Groestl||Check Price||Check|
|Dayun Zig Z1+||7.25 GH/s||1200 W||166 W / GH||Lyra2REv2||Check Price||Check|
|Dayun Zig Z1||6.8 Gh/s||1200 W||176 W / GH||Lyra2REv2||Check Price||Check|
Best GPUs for Mining Verge (XVG)
|Graphics Card||Hash Rate (X17)||Power Consumption||Efficiency||Price||Profit|
|RTX 2070||26.1 MH/s||173 W||6.6 W/MH||Check Price||Check|
|GTX 1660 Ti||19.41 MH/s||122 W||6.3 W/MH||Check Price||Check|
|GTX 1080 Ti||29.34 MH/s||201 W||6.9 W/MH||Check Price||Check|
|GTX 1080||20.35 MH/s||137 W||6.7 W/MH||Check Price||Check|
|GTX 1070 Ti||18.83 MH/s||132 W||7 W/MH||Check Price||Check|
|GTX 1070||17.88 MH/s||135 W||7.6 W/MH||Check Price||Check|
|GTX 1060||11.41 MH/s||108 W||9.5 W/MH||Check Price||Check|
|Radeon VII||22.6 MH/s||228 W||10.1 W/MH||Check Price||Check|
|RX Vega 64||19.76 MH/s||258 W||13.1 W/MH||Check Price||Check|
|RX 580||7.44 MH/s||110 W||14.8 W/MH||Check Price||Check|
|RX 480||7.08 MH/s||86 W||12.1 W/MH||Check Price||Check|
|Graphics Card||Hash Rate (Blake2S)||Power Consumption||Efficiency||Price||Profit|
|GTX 1660 Ti||4.54 GH/s||123 W||27.1 W/MH||Check Price||Check|
|GTX 1080 Ti||5.6 GH/s||213 W||38 W/GH||Check Price||Check|
|GTX 1080||4.6 GH/s||145 W||32 W/MH||Check Price||Check|
|GTX 1070 Ti||4.35 GH/s||133 W||31 W/MH||Check Price||Check|
|GTX 1070||3.71 GH/s||150 W||40.4 W/MH||Check Price||Check|
Mining stats given above are under their stock settings. There are many things you could do to increase earnings. Overclocking, for example, can significantly increase the hash rate. Although it is important that you do it safely. Overdoing can brick your graphics card.
Important Things to Remember When Mining Verge (XVG)
To earn the maximum amount of profit, mining Verge, there are few things you could do. It is almost always more profitable to join a mining pool rather than mine solo unless you own a mining farm. You may wonder which mining pool you should join? One way of selecting the best Verge mining pool is by their hash rate. The pool with the highest total hash power can offer you constant payouts and stability. You can check out the best Verge mining pools here.
Another important factor to consider is the mining software you use. Some of the software is optimized for mining Verge (XVG), resulting in higher hash rates. To find the best Verge miner, check here.
How to Earn Verge (XVG) Without Mining
The Bottom Line
Verge (XVG) is a coin that can be mined with an ASIC or a GPU. The best hardware for mining Verge is the one that can recoup all costs associated with mining, the quickest. Above are some of the best hardware available today for Verge.