With the latest rise in prices after a prolonged downtrend, Verge (XVG) has finally started to show some improvement gaining over 7% in the course of the last 24 hours.
After the talked-about semi-fiasco that came as a part of Verge/Brazzers/Pornhub love triangle, where XVG lost a great part of its popularity by not managing to prove to the community that MindGeek partnership that brought them to Pornhub in the first place, was actually worth 75 million XVG.
At last, a couple of days ago Verge currency shared a couple of announcements from their official Twitter account, announcing a potential deal for RSK integration as well as announcing the new GUI miner for mining XVG.
Verge Releases the Announced GUI Miner
Approximately a week after the original announcement that Verge is preparing to release a new friendly GUI miner that would improve the security as well as the efficiency of the mining process involving XVG, the new GUI miner was released to the public.
The official announcement that confirmed the final release of the miner beta version came on June 25th, not long after the user-friendly miner was announced.
Verge seems to be literally on the verge of making something out of what they have since it seems to be turning out that Pornhub partnership wasn’t as welcomes into the community as expected. At least not welcomed at the price it came as a partner to Verge community.
So, this GUI miner might be just the right thing to provide the needed push to XVG.
The new miner was released for Windows operative system while the OS version is still to come out. GridcoreGFX was the main supporter as well as the developer of the newly released miner, also making a strong supporter of XVG.
Upon the release, there was already a crowd of XVG miners waiting to try out the latest miner for mining XVG, so you can see that the newly added thread on Reddit as a support for this topic was pretty trending.
While some of the Redditors complained about not having the miner made open source, other Redditors complied stating that having this miner open source would make it vulnerable with attackers, explaining the reason why the new GUI miner was not made to be open source.
In the meanwhile, the reviewers of the newly released miner for XVG described the miner in their feedback as pretty smooth and easy to use in the domain of the interface, which was obviously designed with a purpose of being user-friendly while providing a smooth experience.
The new miner enables XVG miners to choose an algorithm of choice prior to starting a mining session, alongside with providing an ecosystem for miners that doesn’t require many setups, that way making it simple.
However, it is said that although the new GUI miner has as little setup as possible alongside with user-friendly interface, it still has flaws in terms of sometimes losing hash power as well as not providing thread options.
Balancing sides between occasional unavailability of mining serves and providing users with easy-to-use tools for mining the new XVG miner still makes up for a solid miners’ bay.
Verge has also had many issues with hack attacks, with the last one taking place not that long ago while taking away 35 million XVG units, which probably shook the trust of investors they have had placed in Verge currency.
By creating a more secure environment for miners, XVG might get a solid chance of increasing the level of security, that way preventing attacks in the future.
Verge (XVG) Performance
The market showed a strong sign of recovery on June 25th, when the majority of currencies started to go up with Verge taking over 6% against the dollar. The date also marked the official release of the XVG new GUI miner, introducing XVG to another benevolent day in the market.
More than 90% of the currencies are going up today as well, however in a more modest manner while barely going over 1% against the dollar.
In the last 24 hours, XVG went up by 1.97% while being traded at the price of 0.023$.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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