Where to buy Vertcoin (VTC) in Australia. It is purpose-built hardware designed to excel. Vertcoin has introduced an adaptive mining algorithm that can update. Where to buy Vertcoin (VTC) in Australia. It is purpose-built hardware designed to excel. Vertcoin has introduced an adaptive mining algorithm that can update.

This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks. ASIC mining • GPU/CPU. These stand for graphics processing unit (your computer’s video card) and central processing unit. They are what you’ll find in a home computer.

This stands for application-specific integrated circuit. It is purpose-built hardware designed to excel at a specific task, such as bitcoin mining. When bitcoin was first created, it was minable by GPUs. But today, set up in areas with exceptionally cheap electricity. You can still mine bitcoin with a GPU, but it’s so outclassed that you’ll end up spending more on energy than you get back from bitcoin.

As ASIC mining took over bitcoin, many people felt it was no longer a decentralized currency. ASIC-resistant cryptocurrencies like Vertcoin are meant to be more egalitarian, so anyone can profitably mine them on their home computer.