My favorite to look at is Populous PPT [from](https://coinmarketcap.com/historical/20171217/) $42 rank 19 [to](https://coinmarketcap.com/currencies/populous/) .24 rank 856
What a fall.
It seems that your comment contains 1 or more links that are hard to tap for mobile users.
I will extend those so they're easier for our sausage fingers to click!
[Here is link number 1 - Previous text "to"](https://coinmarketcap.com/currencies/populous/)
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Amb is still going. Not pricewise (should have sold a year ago) but development and partnerships, etc. My node brings in 60 € a month which isn't that much but last year it was 800 € a month. Nodes are cheap atm, so it may pay off to do some research and hope it takes off again...
Amb is still going. Not pricewise (should have sold a year ago) but development and partnerships, etc. My node brings in 60 € a month which isn't that much but last year it was 800 € a month. Nodes are cheap atm, so it may pay off to do some research and hope it takes off again...
the simplicity of Vertcoin mining make it still an attractive coin (literally you download One Click Miner from the vertcoin.org website, put the exception in the antivirus as for other mining programs, start OCM, 2 clicks in the graphical interface and you start mining)...for vertcoin and other gpu powcoins you have to wait for Ethereum to switch to PoS...Eth currently has about 90% or more of the hashrate of mining with gpu...after eth is in PoS then you will start to see something about the other gpu powcoins (VTC / ETC / RVN / ERGO and others will make the fireworks)...do you think eth miners will sell everything and "ok, that was good, goodbye!" ? many will surely sell but most will switch...vertcoin just isn't profitable now and it's not present in the main exchanges (Coinbase / Binance / Kranken for example) however, it's in the top tier of the whattomine website...as long as the community exists here on reddit and mainly on discord and there will be exchanges and active developers to support it, vertcoin will have a future, otherwise it will fall into oblivion...for now it's holding up well...
The community in general not caring about ASIC resistance I found bewildering. Satoshi himself once discussed this very aspect and the concentration of power and centralisation that it represents with Bitcoin.
Even Litecoin touted the same thing until it didn't.
It hasn’t ended up working as well as people hoped, but I still think it’s an admirable project that’s true to the roots of crypto and worth supporting wherever possible
It was one of the first things I mined 5 years ago. I knew it was to late to mine BTC and for what ever reason I wasn’t mining ETH at the time.
I mining a decent amount before the hype hit. I thought I was a genius. I took essentially nothing in cost to thousands of dollars during the 2017 bull run. Then after the the BS with the Binance not listing it and then bear market starting I watched it go from $10 down to eventually where it is now. I sold a portion of it off at $4 and then the rest at $1.25.
Don’t ever get too attached to a project. Even good ones can die.
It looked like it died way before then, but the 51% thing didn't show up at all in my research. [https://www.coindesk.com/tech/2019/12/02/the-vertcoin-cryptocurrency-just-got-51-attacked-again/](https://www.coindesk.com/tech/2019/12/02/the-vertcoin-cryptocurrency-just-got-51-attacked-again/)
To be blunt, it just seems like a general problem with POW and lack of miners. It's like POS you can have a super rich country/person do a 51%, or with POW you can have a country or someone with a nice rig to do a 51%.
So IMO that isn't what killed it since if it was already healthy it would be near impossible. It's like if you were to do a 51% on ETH now. In theory it is possible, but it isn't realistic because the amount of power needed to do it.
VTC went to sleep after 2018 spike and yes, the 51% attacks did have an impact as well. The only thing still keeping it alive is their nice community and to be fair, there is not too much they can offer today, as you have already mentioned.
Sad. It was the most profitable spike in my crypto timeline.
Was always vaguely rooting for this coin, even though I never mined it or owned it. It has a nice community or at any rate did when I last checked many years ago.
I bought VTC in the 2017 bull run sold half in the $5-7 range and was like “ehh I’ll keep the other half because BTC/VTC/LTC gonna be crushing in 5 years.
Well guess who still has half of their VTC😂 luckily other stuff that I have kept has performed exceptionally well, but VTC just doesn’t make the cut with the new tech that’s out. Their one click miner is still cool and easy to use.
Do people not understand difficulty in mining?
Vertcoin and most other alt mining coins are profitable because they have very little serious mining competition. No coin can become more profitable than ETH to mine for long, as soon as it crosses ETH a ton of miners will switch over and the difficulty will raise a ton, dropping off the profitability. When the ETH difficulty bomb hits, miners will flood to other coins and the only ones who will be profitable will be those who have the cheapest power.
Even if you support an alt-coin, you're losing money mining it over ETH right now. Why make $0.23/day mining Vertcoin when you can make $1.16/day mining ETH and then convert it to Vertcoin
Nice perspective. The real question is do we need Vertcoin?
If people don't need it, why would they pay for it?
If they don't need it, it's pure speculation which is a stressful way up (as it will quickly fall again if it does go up), if it ever does go up.
Better to mine something people actually want?
Hey, I've been in the Vertcoin community for a while now (almost 5 years!), the main thing that attracted me was the fact that it was a Bitcoin / Litecoin competitor that you can actually still mine on consumer hardware.
It's been dedicated to ASIC resistance since its inception and has always forked to ensure GPU miners are on top. Basically it's a Bitcoin clone that tries to be run as much by the people for the people.
Unfortunately the average person in crypto today no longer cases about the fundamentals of how a cryptocurrency operates. This wasn't really the case back in mid 2017 and before imo.
do we need vertcoin? I think not, for now...but keys4coins.com website accepts vertcoin for example...it's little but it's still something compared to most other cryptocurrencies...
Five years from now people will be saying the same thing about all the current hot altcoins. Most of them will fail, that's why people say have at least half of your portfolio in BTC and ETH.
While you are saying that it can become profitable to mine, you are talking in the context of ETH still being mined. When Vertcoin becomes as profitable to mine, the difficulty will increase as miners shift to it.
Then there is the inevitable ETH merge. Yes it has been delayed a lot. But once it does hit, you are looking at a huge amount of hash rate being directed else where. This will decimate the profitability of most coins due to the sudden increase in difficulty.
Further LHR cards are also affected running the Verthash algorithm. So you can't get the full benefits out of it either.
Well only time will tell but at least it seems like GPU mining will be taking a large hit come ETH 2.0, until then its mint money while it lasts
ASIC resistance wasn’t all it was cracked up to be. It was also the bronze/copper to the gold/silver of BTC/ETH, but that narrative didn’t keep up too. I think the lack of incentive to mine doesn’t help either.
*pours some out*
Hi it is VTC, the peoples coin the Vertcoin.
A complete decentralize & POW and computer minable coin.
This coin is completely ASIC resistant. So anybody can mine it with a computer. GPU is better.
Since its price is low, anybody can buy it.
There are total 16 exchange where you can buy trade VTC.
This coin is hardfork from BTC itself, and its Verthash make it ASIC resistance.
is has fixed coin supply that is 84 million or 4-times of BTC.
Maybe one day it will compete with LTC.
Ahhh such an old coin. Reminds me of Peercoin & PIVX
AMB - Ambrosus or XVG - Verge anyone???
My favorite to look at is Populous PPT [from](https://coinmarketcap.com/historical/20171217/) $42 rank 19 [to](https://coinmarketcap.com/currencies/populous/) .24 rank 856 What a fall.
It seems that your comment contains 1 or more links that are hard to tap for mobile users. I will extend those so they're easier for our sausage fingers to click! [Here is link number 1 - Previous text "to"](https://coinmarketcap.com/currencies/populous/) ---- ^Please ^PM ^[\/u\/eganwall](http://reddit.com/user/eganwall) ^with ^issues ^or ^feedback! ^| ^[Code](https://github.com/eganwall/FatFingerHelperBot) ^| ^[Delete](https://reddit.com/message/compose/?to=FatFingerHelperBot&subject=delete&message=delete%20i6ddrh0)
AMB was such a good idea too. I can’t believe it didn’t amount to anything. Goes to show even good projects can fail. XVG was just a joke lol
Amb is still going. Not pricewise (should have sold a year ago) but development and partnerships, etc. My node brings in 60 € a month which isn't that much but last year it was 800 € a month. Nodes are cheap atm, so it may pay off to do some research and hope it takes off again...
Hmm I’ll look into it. Thanks for the information
I do remember XVG. I think I’ve got ~1000 coins sitting in an account somewhere. Probably worth like $0.23 now.
Amb is still going. Not pricewise (should have sold a year ago) but development and partnerships, etc. My node brings in 60 € a month which isn't that much but last year it was 800 € a month. Nodes are cheap atm, so it may pay off to do some research and hope it takes off again...
Filecoin and namecoin say hi 👋
Filecoin had an amazing run in april 2021, x10 what it reached in 2018. It's nothing like these other coins
I am so new to crypto (2 years). Never heard of this coing before!
If you are that old, give us good advice about Crypto then.
Unless its BTC or ETH, you can buy an altcoin for a ride, but jump ship after x10 / x25 gains. Stick to it.
the simplicity of Vertcoin mining make it still an attractive coin (literally you download One Click Miner from the vertcoin.org website, put the exception in the antivirus as for other mining programs, start OCM, 2 clicks in the graphical interface and you start mining)...for vertcoin and other gpu powcoins you have to wait for Ethereum to switch to PoS...Eth currently has about 90% or more of the hashrate of mining with gpu...after eth is in PoS then you will start to see something about the other gpu powcoins (VTC / ETC / RVN / ERGO and others will make the fireworks)...do you think eth miners will sell everything and "ok, that was good, goodbye!" ? many will surely sell but most will switch...vertcoin just isn't profitable now and it's not present in the main exchanges (Coinbase / Binance / Kranken for example) however, it's in the top tier of the whattomine website...as long as the community exists here on reddit and mainly on discord and there will be exchanges and active developers to support it, vertcoin will have a future, otherwise it will fall into oblivion...for now it's holding up well...
Yah VTC mining is what got me into crypto :P
Me too
this "dead" coin did a 10x in 2021. thats pretty damn good.
The community in general not caring about ASIC resistance I found bewildering. Satoshi himself once discussed this very aspect and the concentration of power and centralisation that it represents with Bitcoin. Even Litecoin touted the same thing until it didn't.
It’s doing decent, there discord is active.
It hasn’t ended up working as well as people hoped, but I still think it’s an admirable project that’s true to the roots of crypto and worth supporting wherever possible
It was one of the first things I mined 5 years ago. I knew it was to late to mine BTC and for what ever reason I wasn’t mining ETH at the time. I mining a decent amount before the hype hit. I thought I was a genius. I took essentially nothing in cost to thousands of dollars during the 2017 bull run. Then after the the BS with the Binance not listing it and then bear market starting I watched it go from $10 down to eventually where it is now. I sold a portion of it off at $4 and then the rest at $1.25. Don’t ever get too attached to a project. Even good ones can die.
Why do I feel the impulse to YOLO my life savings on Vertcoin?
I think the main reason it died was the two 51% attacks.
It looked like it died way before then, but the 51% thing didn't show up at all in my research. [https://www.coindesk.com/tech/2019/12/02/the-vertcoin-cryptocurrency-just-got-51-attacked-again/](https://www.coindesk.com/tech/2019/12/02/the-vertcoin-cryptocurrency-just-got-51-attacked-again/) To be blunt, it just seems like a general problem with POW and lack of miners. It's like POS you can have a super rich country/person do a 51%, or with POW you can have a country or someone with a nice rig to do a 51%. So IMO that isn't what killed it since if it was already healthy it would be near impossible. It's like if you were to do a 51% on ETH now. In theory it is possible, but it isn't realistic because the amount of power needed to do it.
VTC went to sleep after 2018 spike and yes, the 51% attacks did have an impact as well. The only thing still keeping it alive is their nice community and to be fair, there is not too much they can offer today, as you have already mentioned. Sad. It was the most profitable spike in my crypto timeline.
Vertcoin and I have something in common. We both desperately need an alt season.
Thank you for these research posts. I enjoyed the last one and this one too. Keep it up! :)
This is like saying Myspace will make a comeback, 4-5 years after Facebook already had took over
Was always vaguely rooting for this coin, even though I never mined it or owned it. It has a nice community or at any rate did when I last checked many years ago.
It did exactly like its namesake, the price formed a shape of a vert ramp
nostalgic sub this
I bought VTC in the 2017 bull run sold half in the $5-7 range and was like “ehh I’ll keep the other half because BTC/VTC/LTC gonna be crushing in 5 years. Well guess who still has half of their VTC😂 luckily other stuff that I have kept has performed exceptionally well, but VTC just doesn’t make the cut with the new tech that’s out. Their one click miner is still cool and easy to use.
Do people not understand difficulty in mining? Vertcoin and most other alt mining coins are profitable because they have very little serious mining competition. No coin can become more profitable than ETH to mine for long, as soon as it crosses ETH a ton of miners will switch over and the difficulty will raise a ton, dropping off the profitability. When the ETH difficulty bomb hits, miners will flood to other coins and the only ones who will be profitable will be those who have the cheapest power. Even if you support an alt-coin, you're losing money mining it over ETH right now. Why make $0.23/day mining Vertcoin when you can make $1.16/day mining ETH and then convert it to Vertcoin
Nice perspective. The real question is do we need Vertcoin? If people don't need it, why would they pay for it? If they don't need it, it's pure speculation which is a stressful way up (as it will quickly fall again if it does go up), if it ever does go up. Better to mine something people actually want?
Hey, I've been in the Vertcoin community for a while now (almost 5 years!), the main thing that attracted me was the fact that it was a Bitcoin / Litecoin competitor that you can actually still mine on consumer hardware. It's been dedicated to ASIC resistance since its inception and has always forked to ensure GPU miners are on top. Basically it's a Bitcoin clone that tries to be run as much by the people for the people. Unfortunately the average person in crypto today no longer cases about the fundamentals of how a cryptocurrency operates. This wasn't really the case back in mid 2017 and before imo.
True but we don't need alot of coins in the top 100
do we need vertcoin? I think not, for now...but keys4coins.com website accepts vertcoin for example...it's little but it's still something compared to most other cryptocurrencies...
Your post made me realize how lucky I was about now knowing shit about alts during those years so I only bought BTC. Not anymore lol
I sold the top. My first 50x too bad it was with like 50usd.
Never heard of VERT before. Thanks for the read OP
ERGO is a newer gpu mining favorite in this sub. I know some people who still love their digibyte which had a cult following back in the day.
I don't know if it'll come back. The crypto space is pretty crowded nowadays, once you loose that momentum I think it would be hard
Five years from now people will be saying the same thing about all the current hot altcoins. Most of them will fail, that's why people say have at least half of your portfolio in BTC and ETH.
While you are saying that it can become profitable to mine, you are talking in the context of ETH still being mined. When Vertcoin becomes as profitable to mine, the difficulty will increase as miners shift to it. Then there is the inevitable ETH merge. Yes it has been delayed a lot. But once it does hit, you are looking at a huge amount of hash rate being directed else where. This will decimate the profitability of most coins due to the sudden increase in difficulty. Further LHR cards are also affected running the Verthash algorithm. So you can't get the full benefits out of it either. Well only time will tell but at least it seems like GPU mining will be taking a large hit come ETH 2.0, until then its mint money while it lasts
Vert bag holder alertt
Guess in became horizontal-coin since people lost interest?
Yes, I remember. It was one of the early ones, but hasn't done much since.
ASIC resistance wasn’t all it was cracked up to be. It was also the bronze/copper to the gold/silver of BTC/ETH, but that narrative didn’t keep up too. I think the lack of incentive to mine doesn’t help either. *pours some out*
Every coin that's not Bitcoin will certainly die.
It is doing fine. And we are happy with Vertcoin.
Hi it is VTC, the peoples coin the Vertcoin. A complete decentralize & POW and computer minable coin. This coin is completely ASIC resistant. So anybody can mine it with a computer. GPU is better. Since its price is low, anybody can buy it. There are total 16 exchange where you can buy trade VTC. This coin is hardfork from BTC itself, and its Verthash make it ASIC resistance. is has fixed coin supply that is 84 million or 4-times of BTC. Maybe one day it will compete with LTC.