CoinWarz Verge mining calculator. XVG/BTC: BTC/USD Value: Hardware Costs. Verge Cryptocurrency Mining Summary Days to generate one block mining solo. VERGE (XVG) is a secure and anonymous cryptocurrency, built with a focus on privacy. Currently, blockchain sync has some problem, pool operation is stopped. We will open the pool again as soon as things get resolved. Dogecoindark pool is open, posted. Verge Cryptocurrency Mining Summary Days to generate one block mining solo: 21.45 Day(s) (can vary greatly depending on your luck) Days to generate one BTC: 1721.27.

Xcode-select --install ruby -e ' $(curl -fsSL ) ' brew doctor brew install boost • Double click the Verge-Qt application to open it. • Go grab a ☕️ while it syncs with the blockchain Note: It may look like it is frozen or hung while it is indexing and syncing the blockchain. It's chugging away, but currently the UI doesn't give you a lot of feedback on status. We're working to fix that. Syncing takes a while to complete (ie. >10 minutes or more) so just be patient. Note: If you want to change your configuration the file is located at ~/Library/Application Support VERGE VERGE.conf.

This isn't required by default. Linux Wallet • Download the pre-compiled software. The wallet GUI is in./verge/src/qt and the daemon in./verge/src. Mining Ethereum Vs Dash DASH more. • Optional - the binaries to your favorite location. For use by all users, run the following commands.

Nano ~/.VERGE/VERGE.conf • Paste the output from the VERGEd command into the VERGE.conf like this: (It is recommended to change the password to something unique.) rpcuser=vergerpcusername rpcpassword=85CpSuCNvDcYsdQU8w621mkQqJAimSQwCSJL5dPT9wQX rpcport=20102 port=21102 daemon=1 algo=groestl • Save the file and exit your editor. If using nano type ctrl + x on your keyboard and the y and hitting enter. This should have created a VERGE.conf file with what you just added. • Start the Verge daemon again. ./building/mac/dist.sh Windows Wallet TODO.

Take a look as. Docker Images Check out the for more information. Mining Solo mining Instead of joining a mining pool you can use the wallet to mine all by yourself. You need to specify the algorithm (see below) and set the 'gen' flag. For instance, in the configuration specify gen=1. Using different algorithms To use a specific mining algorithm use the algo switch in your configuration file (.conf file) or from the command line (like this --algo=x17). Here are the possible values: algo=x17 algo=scrypt algo=groestl algo=lyra algo=blake Donations We believe in keeping Verge free and open.

Any donations to help fuel the development effort are greatly appreciated! 😄 • Address for donations in Verge (XVG): DDd1pVWr8PPAw1z7DRwoUW6maWh5SsnCcp • Address for donations in Bitcoin (BTC): 142r3vCAH3AzABiQjFPmcrSCp6TDzEDuB1 Special Shout Outs Special thanks to the following people that have helped make Verge possible. 🙌 Sunerok, CryptoRekt, MKinney, BearSylla, Hypermist, Pallas1, FuzzBawls, BuZz, glodfinch, InfernoMan, AhmedBodi, BitSpill, MentalCollatz, ekryski and the entire #VERGE community!

Source:, User Pierre Beside some niche mechanics there are actually only two real / often used 'mining mechanics'. The first one is 'Proof of Work' (PoW) which has been introduced first by Bitcoin. The second one is 'Proof of Stake' (PoS).

This article is an opinion why 'Proof of Stake' might become the future way of 'mining' coins and why this would be the best for us all. Proof of Work: The classic one The classical 'Proof of Work' concept is rather simple and easy to explain. As long as you keep your worker running (within a mining pool or solo mining) you generate the desired cryptocurrency. This can be Bitcoin or something like Ethereum. Till today new cryptocurrencies are popping up and they still use the 'Proof of Work' concept. The so called 'workers' can be almost anything which has a unit integrated which is able to compute things.

This includes CPUs, GPUs, Smarthpones, as well as Single Board Computers (like an Raspberry Pi). For a lot of algorithms like SHA-256 (which is used in Bitcoin) or Scrypt (which is used in Litecoin, Dogecoin and multiple others) there are already dedicated machines available which are only created for one purpose: Mining a coin with a given algorithm. This so called 'ASIC miners' are way more energy efficient in mining than any GPU or CPU.

However, even this kind of hardware needs a lot of energy in order to mine. Proof of Stake: The revolutionary one? On the other hand there is the 'Proof of Stake' concept.

This concept is new in the cryptocurrency world, however it's not new in the world of finance. Basically it's the same concept as banks have paid you your interests. As more coins you collect and you keep in your wallet, the more interests you earn. The only thing you need is a self controlled wallet (the coins won't work for you if you store them on an exchange) which runs 24 hours, 7 days a week.

No big CPU, GPU or any other powerful hardware needed. Even a energy efficient Raspberry Pi would be able to let the wallet opened and generate interests in the meantime.

While this concept sounds 'new and revolutionary' in the cryptocurrency world, it's a conservative and well known thing in the bank world (which dies these days because you don't get anymore interests if you let your money lie down at your bank account). Upsides of PoS? There are a lot of positive things which can be listed in favor of the PoS concept. Some of them are: • No more energy 'wasting': In many countries across the world, energy is expensive. Having a farm or even one high end machine running and mining 24/7 is not worth it.

Besides the costs for the hardware, the energy literally sucks out the profit and you will never reach the break even point because of this fact. • A simple Raspberry Pi does it: While using PoS, you have to have a wallet opened and running 24/7 in order to earn interests. This action isn't really CPU nor RAM demanding which means that a simple, small and cheap Raspberry Pi is able to do this. There are no benefits to let the wallet up and running on a high end machine. This safes energy and of course the hardware is affordable for everyone. • You get rewarded for investing: So, let's assume you want to invest into a cryptocurrency.

Which one to pick? Wouldn't it be nice for you as a longterm investor to get rewarded while holding the coins?

And there comes PoS into play. As long as you hold your coins, you get rewarded. Daily, monthly, yearly. The more coins you hold (the more you invest) the more you get rewarded.

Downsides of PoS? Of course there are some downsides as well.

Even if they aren't that heavy in weight (IMHO). The following short list shows some of them: • You HAVE TO invest: There is no 'I start mining that coin and maybe I invest some BTC later into it'. In order to participate into the 'mining process' (stacking) of a PoS coin, you have to buy some coins which means you have to invest money. • The more you invest, the better: People, who are only able to invest smaller amounts of money into the coin are getting lesser interests. It's just logic that it is that way, but this opens of course the doors for bigger investors. However, bigger investor would also be able to afford bigger hardware in order to mine PoW coins. Which coins are actually using PoS?

There are several coins which are using PoS right now. Some of them like are fully PoS. This means that only with stacking the coins on your private wallet you will be able to make more coins (gain interests). Other coins like are hybrids where you can earn coins while doing PoW and PoS. However, 1337s PoW was limited to a fixed amount.

This amount has been reached and now you will only be able to get more 1337 with stacking your coins. Another well known full PoS coin is REDD. And this list goes on and on. More and more new coins are considering PoS in favor of PoW. Conclusion Maybe PoS isn't perfect.

But in my humble opinion it feels like a choice for future coins. Maybe more coins will follow Ethereum if they succeed with their hybrid.

I would welcome that. Besides PoW and PoS there is already another mechanic which is called 'Proof of Importance' where you get more coins when you confirm other transaction while stacking your own coins in your wallet. Is a coin which is going that route.

However, I feel that the classical 'Proof of Work only' way may come to an end mid or long term and I wouldn't be that sad about it. While there are a lot of Altcoins out there in the cryptocurrency wild, some coins are really focused on privacy. One of this coins is Verge (XVG).

Verge is available since 2016 and has it's focus mainly on privacy. Also the whole project is open source and the source code is available at GitHub.

What is Verge? Verge, also known as XVG, is a cryptocurrency which focuses on privacy heavily. Maybe you already heard of 'Monero' (XMG).

Monero is a coin which has it's focus on privacy, too. Nobody should ever be able to track a transaction down to a wallet. However for a few months ago, somebody stated that he found out how to track transactions down to a wallet in Monero. This pulled down the value of Monero of course. Verge now tries to do the things even more in privacy. This includes that main parts of the crryptocurrency are behind the TOR private network. Privacy is trump A lot of peoples are still looking for more privacy when it comes down to cryptocurrencies.

And Verge is offering a lot of privacy. The most of the infrastructure used in Verge is behind the TOR network. TOR is a VPN network which has almost it's own 'internet' running. TOR stands for privacy these days. How Do I Mine For Bytecoin BCN.

The developers of Verge are trying to get is much into privacy as possible while offering fast transactions at the same time. Price evolution The recent development of the price of Verge shows the huge interest of a lot of people.

If we look at the chart, we see (even with the latest dump of Altcoins while BTC was pumping) a steady and stable price evolution. The latest Verge chart at Cryptopia Where to buy and available wallets Verge can be bought actually via or and a bunch of others. We recommend both, Bittrex and Cryptopia if you want to buy some Verge. Both are known as reliable and legit.

There are several wallets which can be used. There is an Electrum version of Verge.

However, this Electrum wallet is only working within the TOR network. The same goes to the official wallet. If you still want to use one of those wallets, you can visit the to find out more about them. For every other kind of 'non TOR user', there is a web wallet available, which can be accessed from everywhere: Some finalize thoughts about the future of Verge. Of course it's not predictable in which direction Verge is heading to price wise.

However, the active development and the main focus on the high privacy is something a lot of people are interested in. This coin has a lot of potential no doubt about that. However, everyone has to decide on his or her own if he or she wants to invest in this coin.

Further links •.