How Vertcoin Mining Works
Vertcoin mining is an easy operation that anyone can execute. As a Vertcoin miner, you can decide to operate alone – solo mining – or collaborate with other miners – pool mining. Both solo and pool mining presents their unique perks and disadvantages. For example, as a solo miner, you get to keep all your mining rewards; however, there is a low probability of you mining a block compared to pool miners.
In pool mining, several miners come together to contribute their hash power and function as one single operator. Due to their high mining power, pool miners have a higher chance of mining blocks than solo miners. However, as a pool miner, you only receive a fraction of the mining rewards determined by your contributing hash power for most Vertcoin mining pools.
Moreover, to join a mining pool, you will be required to pay fees varying from one pool to the other. The significant advantage of pool mining is you are likely to receive mining rewards regularly depending on your pool’s aggregate hash power. When choosing a mining pool, consider factors such as reputation, fees, payout scheme, pool hash power, uptime, minimum payout, and location. Some credible mining pools for Vertcoin are MiningPoolHub, AHashPool, and EasyMine
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