Post
Topic
Board Mining (Altcoins)
Re: PoW coins apart from Ethereum aren't that bad
by
swogerino
on 10/09/2022, 20:10:36 UTC
Fam, are you looking 👀 at ravencoin performance this days? It feels good to see another poW coin performing this well in a bear market, it's same with ergo too but ravencoin just surge much more, 0.02$ to 0.05$ this is great. Wink  Wink  Wink

I've long been saying that I thought Ravencoin would likely be the coin that steps up for miners looking for a new PoW coin.  The problem is that nobody actually uses Ravencoin for anything, so this seems a bit too much like an obvious pump to me.  There's probably still some time for the price to run though.  Typically Ravencoin has traded up to around $0.1 when it bubbles, so I could see it hitting that level before miners start pouring in to dump.  I was considering buying in around $0.02 but didn't get around to it.  Looks like other people didn't wait.

It was to be expected such behavior for all other PoW coins that would get additional hash rate when Ethereum mining ends in just some days from now.It is not only Ravencoin who has seen an increase,also ETC has seen double of its network difficulty increase and also the price increased about 7 dollars which is not bad but this goes unnoticed compared to a coin like Ravencoin which is really low in value and the difficulty is still low there,so you still make a lot of them daily right now and thus you have more chances of hitting it big but I would be cautious as just as you said,there is no real usage for it.