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Verge (XVG) GUI Miner Beta is Up and Running

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Verge

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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Altcoins

Should Crypto Projects Devote Resources to Community Growth and Marketing?

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2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for.  While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory.  When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion.  But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.

I mention both of the above projects as they have each taken slightly different paths to achieve greatness.  Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion.  Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special.  Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.

Cryptocurrency vs. Blockchain Technology

It’s important to make a distinction between blockchain technology and cryptocurrency.  Although they are often used interchangeably, they are different.  Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…

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Altcoins

XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata

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Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //

The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.

As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021. 

“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.

He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”

Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”

Mr. Yamagata has been…

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Altcoins

My Crypto Heroes Announces Issuance of MCH Governance Token

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Tokyo, Japan, 24th November, 2020, // ChainWire //

My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. 

My Crypto Heroes is a blockchain-based game for PC and Mobile. It allows users to collect historic heroes and raise them for battle in a Crypto World. Officially released on November 30th, 2018, MCH has recorded the most transactions and daily active users than any other blockchain game in the world.

What is MCH Coin?

MCH Coin is being issued as an ERC-20 Standard Governance Token. The issuance began on November 9th, 2020, with 50 million tokens issued.

Of the funds issued, 40% are allocated to a pay for on-going development and as rewards for advisors and early investors. 10% are allocated to marketing and the growth of the ecosystem, and 50% are allocated to the community. The Distribution Ratio of the MCH Coin is subject to change via a governance decision.

The MCH coin will be used as a voting right as part of the ecosystem’s governance, with 1 coin being 1 vote. It will also be used for in-game utilities and payments. Additional information can be found here:

https://medium.com/mycryptoheroes/new-ecosystem-with-mchcoin-en-a6a82494894f

During December 2020 the first governance…

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