Mining

Is Verge PoW or PoS?

Verge is 100% PoW (Proof of Work). We believe PoS (Proof of Stake) systems unfairly benefit the users who have the most coins; making it so the rich get richer. This is also currently an issue with traditional fiat currencies (eg. USD).

What Algorithms Does Verge Support?

Verge uses multi-algorithm mining support. That means that individuals with different types of mining equipment are able to mine verge, which means more security through decentralization and a more fair distribution of coins among the Verge mining community. Verge is one of the few cryptocurrencies that support five different hashing algorithms; Namely, Scrypt, X17, Lyra2rev2, myr-groestl and blake2s.