The Vertcoin Mining Pools You Could Join

If you are a mining freshman, perhaps you don’t really know what to look for in a pool. Stay informed and walk through the most important aspects of pool mining with us. It will be the best for you, if looking for high hash rate, when making a decision. The power level indicates better efficiency and fast operations, which lead to more stable profits. Here I have a list of the best Vertcoin mining pools in comparison, based on their hash rate. The key parameters, as you will notice, are market share, server locations, reward systems and fees:

There are some additional aspects to consider, except the above mentioned criteria. To make an informed decision, get familiar with all of them in the article “How to choose the right mining pool”. Also, dig deeper in one of the vital elements – the reward system. Stay informed on what does each abbreviation stands for and what all of that has to do with your pool choice. Read my specialized “Mining pools reward systems” article.

Have you considered joining not one, but several pools? This will provide you with the certainty, that even if your first VTC choice is down, you can simply move on to the next one in line and carry on mining 24/7, avoiding any losses. That is why I recommend choosing a second and even a third option to switch to.

Comparison of Mining pools without registration

The Vertcoin mining pools without registration process is very easy and for the most part safe. Here the email request is out of the equation. No username or password whatsoever. Just your mining software, wallet public address and a private PC. This is the right choice, if you worry for your privacy and personal information. Here is a list of the best Vertcoin mining pools, which don’t need registration:

VTC is mined with GPU cards, that is why its pools operate using the same hardware for more efficiency and safety. In order to join, download the software, run it, locate the “pool URL address” and then enter the quick start configuration I have provided. For the purpose of avoiding any mistakes, you can just copy/paste it.

If you are still not convinced that joining a Vertcoin mining pool will be profitable for you, use my calculator to see how much the approximately earning is about to be. This tool is very simple to use – just enter your hash rate, power cost and consumption, plus the pool’s fee. Then the only thing to do is click the “calculate” button.

When speaking about earnings from VTC cloud mining, the procedure is similar, but quicker – need to enter only two values the hash rate and the fee. These calculations are done based on the current difficulty and the current market price, so you should keep in mind that your variables depend on the always-changing numbers.

Now, let’s look at the output. You can see the profits you’re going to win in a day, week, month and a year. You can also check how much your electricity would cost you and how many coins you are going to mine exactly. If you are checking your cloud mining profits, just make sure your earnings outweigh the costs.

You want to earn even more? Then you might want to consider setting up your own Vertcoin mining pool. You’re about to gain not only the block reward, but also some fees, collected from the miners, who decide to join your team. By having your own pool, you will also be contributing for the decentralization of the mining power within the network. Sounds great so far, isn’t it? The downside is that setting up one on your own is not an easy task. You will need some technical knowledge and extra time to spend on configuration process. However, this in-depth video guide will show you how to do it:

Another reason to join a Vertcoin mining pool are the server locations, which are spread all over the world. This makes it easy to mine from almost any point in the world while still keeping low latency. There are some servers in Asia and Europe, but the majority are dotted around the USA. These are all locations with cheap electricity costs and fast internet connectivity, which both benefit the miners.

Centralization of VTC mining pools

The mining power within the Vertcoin network seems proportionally decentralized. Currently, the top two pools hold more than 51% off all hash rate, with the top one holding around 42%. This paint a very good picture, as it shows that the network is far from a 51% attack. Such dangerous attack occurs when someone holds more than half of the hashing power and abuses it for their own profit. Since VTC emphasize on their strong security and are currently resistant to the use of ASIC hardware, the likelihood of such attack happening is considered small. However, in case you see a chance of this occurring within the pool you mine in, I strongly advise you to leave it and join a smaller one to help distribute the mining power fairly.

Pool Distribution (calculate by blocks)

Pool	Hashrate Share
Vertcoinpool	61%
Hodlpool	10%
Minerpool	8%
Maxhash	7%
MyPool	4.26%
Other pools	8%

How Vertcoin mining pools developed over time?

Vertcoin is a cryptocurrency, often described as an alternative version of Bitcoin. It was released on January 8th, 2014 and quickly gained popularity. It’s been developing ever since, as well as the pools mining it. Vertcoin pools allow for the use of VARDIFF (Variable Difficulty) and have other features such as the monitoring option. They also offer many different payment systems that can accommodate the desires of any miner. There are many developments coming in the future, so it’s continuing to grow and support towards the community.