Purchase Peercoin PPC Mining Hardware
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If you are looking for a return on your investment using the current valuation of a PPC (or BTC for that matter), you'll be hard pressed to get it. My rough calculations, based on my own experiences, work out to about 0.11 PPC per GH/s. Coinwarz's calculator shows just about the same (0.108 PPC) For example, I'm running ~190GH/s in the D7 mining pool and that's netting me about 20 PPC per day at the current difficulty.
To make back the initial $5k investment, it will take me 50 days of consistent production at today's rate. However, if difficulty continues to rise, that '50 days' will get stretched out as my daily production decreases accordingly. If, on the other hand, you are looking at the future, and believe that PPC has a chance to go up significantly in value, then the cost I put out for the mining hardware may have ended up paying for itself in a single day of mining, and everything else is gravy and essentially pure profit. Should you still be interested in going forward, it's best to start by considering how much money you feel you can risk, and then look for a vendor that can meet it. KNCMiner's 'Neptune' rig (running at >3TH/s) is probably the more likely to provide for an ROI, but it will set you back $13k, today, and won't be delivered for a number of months: KNC's earlier models (Saturn, Jupiter), Butterfly Labs (Singles, Little Singles and Jalapenos), and ASICMiner (Block Erupters, Blades and Cubes) are all available through EBay, if you want something in hand right now.
Why Peercoin? Peercoin seeks to. Rewarding all users for strengthening the network by giving them a 1% annual PPC return when. Put your mining. Ethereum Mining Hardware. Carry out a 51% attack on Peercoin, they would not only need to buy up 51% of the. On 'What is Peercoin? The Hybrid Cryptocurrency'. What is Peercoin. Peercoin is a. Using Where to Buy Peercoin. Using Standalone Hardware.
Unfortunately, if you want it today, you'll pay a premium for it. I'm happy to follow-up if you've got any questions, so let me know. This is something I call 'the miner's paradox': for a given equipment cost it's almost always better to buy the equivalent number of coins at the outset rather than invest in hardware.
Hey everyone, So as the title says it I'm going for ASIC mining for 'Peercoin' and I need a little guidance. So I've been looking around and trying to. PeerCoin (PPC) price chart Is. Is Mining of PeerCoin (PPC) profitable? From our point of view it makes sense to look at the mining as well as the purchase of.
This of course implies that nobody should mine and everyone should just buy coins. Does Bitcoin Cash BCH Mining Hurt Your Gpu more. Which is a paradox because the currency would not be able to exist without any miners. In an extreme example, a colleague bought 4 butterfly labs rigs (paid in Bitcoin) several months ago at 3k apiece. He now has a total of 2btc and is 1/6 of the way to covering his initial investment. Had he held the coins instead, (they were between $100 and $200 at the time) he'd have 10x ROI.
So ROI doesn't seem to be the primary motivator for mining. Without miners, there is no currency, so mining is kind of a proof of stake in and of itself.
But I can't wrap my head around the paradox. It depends on how you look at it. I've bought a lot more coins than I've mined, because I knew that it would be easier to do it that way. Personally, I like having a couple miners in play because they make me feel like I'm part of the 'game.' It's actually a bit irrational, but there's something about supporting the network security, and mining coins, that appeals to me. Your situation may vary -- I'm, at the core, someone who likes technology, and it's a nice feeling to go down to my basement and see the mining units humming away. On the other hand, if I had not already bought in with PPC, and I was starting from zero, I'd buy first, mine second.
Peercoin is another member of the cryptocurrency family and is very similar to Bitcoin. As with Bitcoin mining, Peercoins can also be mined on a completely open source network. But, what can be said as a true advantage, Peercoin mining does not require highly sophisticated, expensive hardware, which is a pre-requisite in Bitcoin mining. The cryptocurrency is as bit volatile, or even more, than Bitcoin, which has seriously arrested its growth.
At the current price of $0.41, the total supply of 22,140,522 Peercoins amount to a market cap of $9,077,614. Another factor plaguing the Peercoin industry is the storage problem. No appreciable technological advancements have been made to address the safe-keeping concerns. There are no good Peercoin wallets while Bitcoin industry continues to make great strides in ensuring its users get the best of the storage facilities, both online and offline. Image: Even as the fundamental outlook is grim, to say the least, technical factors may favor the investors in the short term.
The latest rise in the value of Peercoin can be attributed to a strong rise in Bitcoin; there usually exists a strong correlation between Bitcoin and other altcoins. Investors looking to invest in the least expensive cryptocurrencies, and with low risk, must consider Peercoin. The 240-minute PPC/USD chart above reflects a perfect higher top, higher bottom price structure.
Best Komodo KMD Mining Pool 2012. The recent surge also took the price above the previous top and it ended significantly higher (see the bullish candle marked in the chart). However, market participants are advised to create new positions only on corrections, to minimize their risks. Investing for long term should only be done on the fundamental basis. The Peercoin community, like all other cryptocurrencies, would benefit greatly if the national governments start considering it as an alternative currency and not as a financial aberration.
I’m not exactly sure what you mean by this. NuBits are unlike any other crypto, because the supply increases and decreases. Furthermore, there is no reason to premine NuBits, since they’re always $1.
NuShares on the other hand were offered for purchase by Jordan Lee at a price of $0.0018 per share to those people who could offer Nu their skills in building the network. Jordan was looking for business partners to ensure the success of Nu as a decentralized company/bank. It takes much more effort to keep Nu running correctly than it takes for Peercoin to run, thus the reason why serious business partners were needed. I see absolutely nothing wrong with the way NuShares were distributed.