How Peercoin Got A Boost From Bitcoin's Halving

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: The Uncelebrated Altcoin

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....