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It would take to mine that as BTC and then exchange it, or 2 TH/s to mine (not counting minting the PPC that you're mining, which is supposed to work out to 1% per year). Cointerra sells a for $3,500. With this $17,500 investment (plus any computers, electricity, maintenance, time, etc. Associated with that), yes, she is mining $200/day on average currently (but ever-decreasing as the difficulty goes up), subject to market volatility.

Is this correct for Peercoin mining? Up vote 0 down vote favorite. I've been trying to mine peercoin for a bit now. //ppc.give-me-coins.com:3338 -u (my usrname). So I've been looking around and trying to figure out that would it be profitable for me to mine Peercoin. Peercoin Asic mining. Half the PPC you want. I did some advertising for PPC on. If I see some feedback about this move of mine, I will invest another 20$ in PPC. Long live Peercoin. +/u/altcointip $5 ppc.

If only one is part of a pool and the rest are solo mining, that means she's taking the chance that she might never get anything of value from those 4 servers. That is a pretty high stakes, if you ask me.

LINKS: - - - - - Welcome to! Pure security using only for fair distribution of wealth.

LTC is already questionable in its existence, but I can get behind it being kind of a 'backup' in case BTC ever does badly. However, when I look at PPC, I see what I see in LTC. It's BTC, but quote-on-quote 'more secure'. What does it do?

What's the point of it? Not trying to come off as condescending here, I just simply don't understand it. Why would the world ever accept 50 different cryptocurrencies simultaneously? GameCredits GAME Miner Companies here. That sounds like an economic nightmare. Where does PPC stand in the BTC/LTC dominated situation?

Hello, Regarding altcoins, there are quite a clone altcoins such as litecoin, feathercoin, bbqcoin etc. Peercoin PPC Mining Modules. But there are also a couple of coins like Peercoin, Namecoin, Mastercoin, or Zerocoin which try to build extra services of features on top of Bitcoin.

Peercoin is one of those coins. Basically in point form the benefits of Peercoin are • Proof of stake mining means that very little power is required to make Peercoin very secure. • Proof of stake coin generation is setup so that coins are mined by interest on coins accumulated, at a steady rate of 1 percent a year.

• 1 percent a year interest, which would be quite beneficial from an economical point of view. • Proof of work block reward halves for every 16x increase in difficulty. Which is skyrocketing due to asic miners. • No need for miners allows transaction costs to be destroyed, providing a mild deflationary force • This increase in difficulty is rapidly leading us to the point where we'll only experience 1 percent inflation a year. Compare this to Bitcoin, which currently has one of the lowest inflation rates of any coin(supply wise not value wise - its value is currently deflationary) but is still at about 12 percent for this year, and wont go below 9 percent for the next four or so years. Basically it's a coin built to redress quite a few of the criticisms against bitcoin, and unless you think Bitcoin will entirely corner (100 percent of all demand )the market on Digital currencies Peercoin seems like one of the top contenders.

+ 0.25 peercoins verify • • • •. Only one real flaw, It used to rely on centralized check pointing, but that was mainly to stop it from being attacked before it was ready. But they announced that they were ready and starting to remove check-pointing in version v0.2, and intend for it to be completely gone by v0.5. We're currently at v.03, and I think v0.4 is supposed to come out pretty soon.

There's one other point a few people dislike, the fees are currently pretty high at about 3 cents a transaction. But there are two reasons for this, Firstly before this rapid rise in value the same fee was only worth about 0.4 cents Secondly it's intended to be a store of value currency akin to gold, something you use for economies rather than as a credit card - although you can still use it exactly like Bitcoin. Although the limit is theoretically infinite, it's theoretically infinite at a rate of 1 percent per year.

At this rate it would take about ~ 71 years for the total supply to double. Additionally although if difficulty falls enough the rate of mining may increase, Peercoin being SHA 256 means that Peercoin's difficulty is rising quite fast as Specialized bitcoin mining equipment such as ASIC's also work on Peercoin. Note; Although inflation is heading towards 1 percent, current estimates of inflation are about 6-8 percent for this year. Edit: changed 40 to 71 years • • • • •. Hello, In order to gain coins by inflation in Peercoin you have to mine them through the Coin age dependent Proof of Stake mining method.

Basically as Peercoins sit in your wallet(unmoving) they generate coin age at a rate of 1 coinday per day per coin. So if you have a thousand coins you generate roughly three coin years a day, while if you only have 1 coin it would take you a month to generate a coin age month. Once you have accumulated enough coinage(between 30 and 90 days) you start the proof of stake mining, and it will eventually mine a proof of stake block, after mining this block your coins will be stuck for about 5 days, after which they will once again become usable. You should be able to do this with a fraction of a peercoin, or several million peercoins without any issues. Imitation is the sincerest form of flattery. Looking at it, it seemed peercoin had more direct clones (with no or insignificant changes) than anything except bitcoin itself.

I like the proof of stake thing. I like that there's no arbitrary cap on the number of coins, and some very modest inflation. Though probably not enough to prevent boom-bust cycles entirely, it's an improvement! (and that funny hippie Freicoin currency was too hard to get hold of! Also dodgy that a central entity takes a share of mining fees.) But mostly, for fun. I wanted to see how hard it actually was to use an altcoin client and a btc->altcoin exchange (answer: not hard at all), so I spent most of the bitcoin tips I'd received on reddit as a learning experience. OMG how the world could accept hundreds of different fiat currencies simultaneously?

That sound like an economic nightmare. The very existence of different altcoins, with different qualities (not just being carbon copies with changed name and few parameters) guarantees us the chance of experimentation with the very idea of cryptocurrency. Its not like the Bitcoin is The One Final Crypto For Everyone and His Dog. Technology evolves, and while a lot of old-timers are still with us (FORTRAN, come on), thanks to experimentation we can develop more advanced versions.