Ive just mined a block mining solo on my AMD a6-6400k CPU ... After about 3 hours...
Does it mean the whole network hashrate is low and weak ?
The coin has a low supply so the block times aren't as fast as some higher supply coins, which is a good thing in a way as it could keep the price high. I would just mine on a pool for a steady payout directly to wallet. As you can see on the ANN page is say's something like 230,000+ mined over 70 years, so the block times are going to be slow. I've been mining at like 30KHs hash rate and after about a 5 days and only got about 2 URX. I just hope people keep the price high because for all this work i would hate to see the coin go down in value for being this rare. Not to mention all the mining time you have to put in just to get a couple coins. 30Khs is kind of high for this algo and it puts in a lot of work.
Just out of curiosity how high of a hash rate do you get with your AMD processor? I've been mining with two servers using 16 core Xeon processors with AVX2 getting that 30KHs.
I don't even know the hashrate cause i mine straight in wallet (setgenerate command).
BTW. Claiming 70 years as mining period is quite funny ... I bet Uranium X will not exist . Just imigagine how the world can change in 70 years. Many years ago a newspaper in New York calimed that due to increasing horses on the street there will be over 1 meter of horse shit on streets in the future ... Today insteas of tons of horseshit there plenty of cars and now the direction is to electric cars... So its very hard plannig forward for 70 years...
Another thing with low supply currencies is the problem that they are hard to spend at reasonable price.
I was reading somewhere that a man who owned some coin called Aurum (or something like that , anyway coin with low supply) caused price crash when he tried to sell them. The low supply is easy to manipulate the price cause very few people owns it..
Im mining it just for fun and to learn something new.
If you are mining out of the wallet then you can use the same command prompt and type getmininginfo and it will let you know your hashrate. It's hard to say if any crypto will exist in 10 years...it really comes down to the Governments and the Host providers...as long as it's legal I think it has a chance. I see Crypto more as a geek collectible like Baseball cards or comic books but made with zeros and ones. Bitcoin is also susceptible to a major dump in the market...All coins are really...Bitcoin has some large wallets out there and for some of those wallets to dump 1% of thier holdings in that wallet could drop the price a decent amount.
URX Has a great Community and a Growing team of people working to make it Awesome. one of the main goals for 2019 is to make UraniumX as user friendly as possible! I want the everyday person be able to watch a couple short videos and start mining with an old computer they have laying around. I would love to see an army of laptops and older desktops protecting the network!