Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ravencoin [RVN] PoW GPU Mining | Asset Transfer Blockchain (Updated ANN)
by
Axionxd
on 05/04/2018, 16:52:47 UTC
duno if the difficulty is just out of wack or what but this coin isn't remotely profitable or minable on " average hardware" as far as I can see.

Ravencoin was only CPU mineable in the beginning when there was no GPU miner released yet. Now there are thousands of miners with above average GPUs mining Ravencoin, all sharing a limited amount of block rewards.

You brought a GT 620 to a 1080 Ti farm fight.





Agreed. But this coin was originally intended for the average jo miner. The current implementation makes its purpose obsolete and kinda pointless was what I was pointing out. I understand the big farmers with 10 rigs speculating this coin for profitability. My point was if the coin cant do what it was intended to do then its value will likely not climb either as its intended purpose is false. Sure I could point my rigs at it, but IMHO I would be wasting my time as the coins premise is false and IMHO I don't think it will gain value. Essentially the big rig farmers are doing to this coin exactly what ASIC's do.

No matter the intention for Joe Miner, the nature of Crypocurrenting mining is that difficulties will always increase as more coin is mined.

The intebded purpose of Raven is much greater than to allow Joe Miner to mine it. That was a conscious effort to allow by making it ASIC resistent but there is more to a coin then the means of mining it.