How Peercoin Got A Boost From Bitcoin's Halving
Bitcoin mining is perhaps best viewed as a speculative endeavor. Miners take electricity and turn it into bitcoin, hoping that they can generate a profit when the cost of producing the digital currency is less than the amount spent on power. When they can't, miners have two options – they can begin mining another cryptocurrency or shut down their equipment for good. For some miners, the recent bitcoin halving forced this very choice. Early this summer, the amount of bitcoins the network was programmed to pay out per block was cut in half, falling from 25 to 12.5 BTC. In a matter of....
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Peercoin is often called the third cryptocurrency after Bitcoin and Litecoin. It even reaches $7 per coin sometimes. But along with that it has also fallen to $0.40 and below often, but has always found power to rise again. The PoS technology forever changed the cryptocurrency market, though Peercoin (PPC) has already quitted the stage. It is the fifth year of existence of this cryptocurrency which originates since the August, 2012. At the beginning of April, 2014 this coin appeared on the exchanges with an initial price of $0.38 - $0.42. Then Peercoin began falling and many were happy to....
Last week, Peershares lead developer Jordan Lee announced his semi-secret project, NuBits, would release on September 23. He revealed few details about the project, but investors began buying Peercoin in anticipation that NuBits would increase Peercoin's value. However, once investors realized NuBits is an entirely new altcoin and will have little effect on Peercoin, the Peercoin price began to fall back to earth. CCN analyzes this altcoin price movement to help investors make informed trading decisions. Peercoin Price Falls Back to Earth. Peercoin. On September 15, the Peercoin price fell....
Everyone knows the first person who walked on the moon. Lots of people know the second. But whoever remembers the third? As the third largest cryptocurrency in the world, peercoin (also know as Peer-to-Peer Coin or PPCoin) is trying to bolster its reputation. It isn't doing too badly having just been accepted as an official currency by new Canadian exchange Vault of Satoshi. A local face-to-face peercoin exchange is also launching, and efforts are been made to get specialist event organizers to use peercoin as their official currency. Market cap. Peercoin may be 'the little altcoin that....
After undergoing a decline for most of the year, the Peercoin price catapulted by nearly 40% in a single day. The impressive price increase followed the announcement of a release date for a secret project that will purportedly reduce Peercoin volatility. Many investors have placed speculative investments in Peercoin, but is this a good idea? CCN examines the massive Peercoin price rise to help investors make informed trading decisions. Peershares Creator Jordan Lee Announces Release Date for Secret Project NuBits. For the majority of 2014, the Peercoin price trended steadily downwards.....
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....