This is the bit about VTC,its great stuff



Alt coin mining


Technical considerations drove the choice of crypto-cash enthusiast Sean Houlihane who is now a dedicated miner of Vertcoins.

Vertcoin's developers have modified its mining algorithm which generates the coins. Despite its name, mining actually involves getting a computer to search for the answer to a hard mathematical problem. The miner who finds the answer typically gets rewarded with newly minted coins.

Mr Houlihane liked Vertcoin because, he said, it is designed to be hard to mine with dedicated processors. The rise of these purpose-made processors have made it all but impossible for the vast majority of people to mine Bitcoins. The mining is dominated by groups that have tied together hundreds of dedicated processors with which the average home miner cannot hope to compete.

By contrast, he said, Vertcoin cuts out the professionals in favour of the amateurs.

"The combination of needing different software and being new means that not too many people are mining Vertcoin today," said Mr Houlihane. "Obviously if the popularity increases significantly, the price goes up and what I've mined so far becomes worth more."