What Happens When All Vertcoin VTC Are Mined

Get Vertcoin price, charts, and other cryptocurrency info. Jan 3, 2018 - Vertcoin Mining Pool. It runs this through the hashing function, and what comes out is a 32-byte output. For each, we usually represent that output. This works out to be about 1.2 VTC per day, and when we extrapolate over the estimated 21 days of solo mining above, we're back to 25 VTC. The beauty of.

Vertcoin’s first reward halving is scheduled to happen next month. It will occur on block 840,000 and is forecasted to reach the target height on December 12, 2017. What does this mean? Every mined Vertcoin block contains a mining reward paid out to the miner (or miners in a pool) that solved the block and submitted it to the blockchain. Currently, that reward is 50 VTC. At block 840,000 the mining reward will be halved from 50 VTC to 25 VTC.

There is no impact to coins you currently own and it requires no action on your part. We will be launching a halving countdown website to help everyone stay up to date.

What is Vertcoin? Vertcoin is a digital currency that can be sent between people over the internet. Vertcoin (VTC) stays true to the original vision of cryptocurrency: a financial system owned by its users, the people’s coin. Vertcoin is not controlled by large banks or mining hardware manufacturers and can be mined by anyone profitably. Fairly distributed without a premine, ICO or airdrop, Vertcoin is developed by community members working as volunteers and the project is wholly funded by donations.

A finite resource similar to gold, you can rest assured that Vertcoin will keep your money safe from vested interests and ensure that transaction fees are proportionate and shared between a large number of miners. With Vertcoin, you can truly be your own bank. Designed to resist centralization Vertcoin’s algorithm is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins. Our developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware. This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment. Specifications Algorithm: Lyra2RE(v2) Generation: 84 million Block time: 2.5 minutes Block Rewards: 25 coins per block Subsidy halves every 840,000 blocks (~4 years) Difficulty Re-Target Time: Retargets every block (Kimoto’s Gravity Well) Premine: Zero About our development team Our development and team of trusted volunteers are working round the clock to be active and work in an open source environment. We have a wonderful team who are passionate about cryptography, programming & in other fields (Building, Mining & Branding).

Our developers and team are all volunteers. If you would like to help and donate. This is our: Note: Any donation is appreciated and will be used for future projects. An address is the only thing needed to send or receive funds. It can be easily generated from any Vertcoin wallet. Vertcoin addresses always begin with V and contain 26-36 alphanumeric characters. After a transaction is made, funds will usually clear in less than 5 minutes.

There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount.

A transfer of 100VTC would incur a fee of about 0.001VTC. The Main Network Block Explorer allows users to search all the blocks and transactions on the:. The term mining stands for the process of validating transactions on the Vertcoin network and keeping it secure. In return for work, miners are rewarded with newly generated Vertcoins. Nvidia Quadro Electroneum ETN Mining more. Vertcoin offers 'Proof-of-Work (PoW)' method of validating transactions. Learn more about mining Vertcoin through our guide: Why Mine Vertcoin? The Vertcoin developers have pledged to take whatever steps are necessary to protect this coin from specialized mining equipment and make sure that it will always be possible to mine with consumer grade hardware.

This is great news for miners because it offers the opportunity for all miners to compete fairly with each other, and not have to risk falling victim to unscrupulous hardware manufacturers who may fail to deliver pre-ordered equipment.