VTC/BTC - New mining algo success - 30% pump!
Vertcoin / VTC rolled out successfully its new mining algorithm on 30th January and price gave us an immediate positive reaction with a lovely 30% pump!
The new mining algo ensures that only GPUs can mine VTC (ASIC resistance) which led to an immediate boost in mining profitability for average users using their GPUs. For example yesterday a GTX 1080 could net you 3$ a day or over 10 VTC!
vertcoin.org/
However, as more users start mining VTC, the difficulty will adjust and lower VTC rewards, but... VTC price can keep going up at which point even if the rewards in VTC lower, the dollar value is maintained!
The price action reflects this. This is very good for VTC and if things continue in this way, Vertcoin can have a very nice 2021 which together with the halving at the end of the year makes for a very tempting opportunity!
Bias remain very bullish for VTC this year and I expect us to reach 1,000 satoshi soon.
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The new mining algo ensures that only GPUs can mine VTC (ASIC resistance) which led to an immediate boost in mining profitability for average users using their GPUs. For example yesterday a GTX 1080 could net you 3$ a day or over 10 VTC!
vertcoin.org/
However, as more users start mining VTC, the difficulty will adjust and lower VTC rewards, but... VTC price can keep going up at which point even if the rewards in VTC lower, the dollar value is maintained!
The price action reflects this. This is very good for VTC and if things continue in this way, Vertcoin can have a very nice 2021 which together with the halving at the end of the year makes for a very tempting opportunity!
Bias remain very bullish for VTC this year and I expect us to reach 1,000 satoshi soon.
Like and follow if you liked this idea!
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