Ravencoin Difficulty Chart - RVN Difficulty (2024)

FAQs

What is the block time for RVN? ›

What Makes Ravencoin Different from Bitcoin? Block reward of 5,000 RVN instead of 50 BTC. Block time of 1 minute instead of 10. Total coin supply of 21 billion instead of 21 million.

Ravencoin mining is difficult for home rigs to succeed in solo mining due to its complexity. Joining a mining pool increases your chances of earning rewards by combining your hashing power with others in the pool.

Although it is impossible to make an accurate Ravencoin price prediction over any duration, it seems unlikely that it could touch the critical level of $100.

NVIDIA RTX 3090

Its high hash rate and energy efficiency make it a go-to choice for those looking to build a high-performance mining rig. The GPU's robust performance is complemented by its compatibility with various operating systems, providing flexibility for miners with diverse setup preferences.

X16R: The Unique Ravencoin Mining Algorithm

Like Bitcoin, Ravencoin utilizes a Proof-of-Work (PoW) consensus mechanism to secure the network. However, the particular hashing algorithm it uses is called X16R, which is designed to allow for more decentralized mining than Bitcoin's SHA-256 algorithm.

While you mine in the POOL you work together with other miners. In SOLO mode you are alone. If you find 0 blocks your reward is 0. We could recommend Ravencoin SOLO mining only of experienced users and only if you could find at least 2-3 blocks in 24 hours.

Obtain suitable hardware

✅ Ravencoin can be efficiently mined with GPU mining machines. ❌ Ravencoin cannot be efficiently mined with ASICs or CPU cards. View our Miners page to discover the most profitable devices for Ravencoin mining.

The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266, and MicroBit Whatsminer M50S. If you want to mine other cryptocurrencies, the Bitmain Antminer KS3, Bitmain Antminer D9, and Bitmain Antminer K7 are all solid choices.

2Miners is Nicehash officially recommended pool. Email and Telegram notifications: rig monitoring and new block notifications for all the pools. Free of charge for any amount of rigs.

To secure its network Ravencoin uses a variation of the Proof-of-Work (PoW) consensus algorithm known as KAWPOW, which aims to reduce the barrier of entry to mining on its blockchain. Ravencoin's block time is one minute, which means a new block is mined every minute.

What is the block size of Ravencoin? ›

Ravencoin is able to change the block size from 1 megabyte to 10 megabytes, which allows additional transactions to be performed on the chain at very high data transfer speeds. Unlike Ethereum and Bitcoin, it is able to transfer ownership of assets.

Ravencoin's initial block reward was 5000 RVN, the current block reward is 2500 RVN and the new block reward will be 1250 RVN. The previous Ravencoin halving date was on the 11th of January 2022 and this will be the 2nd halving of Ravencoin.

A Ravecoin transaction only takes one block time, so it takes less than a minute, however 6 to 100 blocks are required for irreversibility, so the secure transaction time is 6 to 100 minutes.