RavenCoin | A Better Bitcoin?
A break from the normal ICO content I produce, I will be talking about an up and coming coin recently created. Let's get right into it!
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What is Ravencoin?
Ravencoin is a fork of the Bitcoin blockchain, with a blockchain designed to facilitate the transfer of tokens in a secure and quick manner. Ravencoin was released on January 3rd, 2018 with no pre-sale or ICO phase, often using the phrasing "Fair launch - meaning, on day one, you like everyone else could have started." All-in-all, the Ravencoin development team appears to be very legit and transparent in their actions, essentially creating a better and improved Bitcoin.
What makes this better than other cryptocurrencies such as Bitcoin?
Among the improvements to Bitcoin, it includes minuscule fees, using x16r to constantly switch what algorithm it is using to mine to prevent against ASICs.
Is Ravencoin profitable to mine?
At the time of this blog, the Ravencoin price is about $.0471. From my couple hours of testing, I was able to mine 5 coins, or around $.25 in a 7 hour time period with a 1060 3GB. This is currently not as profitable to mine as other coins, especially systems like Awesome Miner or Nicehash to auto-switch to a more profitable coin, but if the price rises this is a very good investment.
How can I set up the Ravencoin wallet and start mining?
At the moment, I have not yet written a guide on how to set up Ravencoin, so you will have to make due with this article instead.
Article
All in all, Ravencoin seems to be in a very nice place at the moment, with many features that it implements better than Bitcoin, but remember to do your own research before investing anything!
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If you enjoyed reading this post, please make sure to check out one of my previous ones!
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