Bitcoin Forum

Hi guys
Raven coin halving is around the corner and I’m wondering how it will affect the profitability of mining the coin?
If I understand well, we’ll get half of the coins after the halving so miners will have the half of the income if every other condition remains the same.
I know that the halving will affect the price of the coin and hopefully it will go up but will that be enough to let us mine with a profit after that?
Thanks for your thoughts :)

Well supply of newly mined coins will be 1/2 what it currently is.

As for the effect on price....who knows....up down sideways.....such is the life of a miner.

Most pow coins rise very fast and high before the halving and then crash a bit after the halving and keeps following the market in general, in my view profitability will stay the same relative to where the cryptomarket is going, meaning if bitcoin keeps crashing then everything will keep crashing, however that does not apply to ravencoin at moment because speculation on it is high, so I would expect it to keep going up till the halving and after that is unknown territory yet, I say it will crash a little depending how much it will rise prior the halving which I believe it will rise significantly. I have millions of ravecoins and I'm not planning to sell it yet, if ravecoin gets higher than 50 cents then yeah I'm willing to sell, if not, holding it for now. Is it possible to reach 50 cents or higher now, yeah, everything is possible, even higher.

Even if ravecoin does not rise to 50 cents now then it has a higher chance to rise on the last bulltrap before hehell that will happen in a month or so, bitcoin is bleeding now and will keep till manipulators create that last bulltrap that sheeps think that bitcoin will go to 100k and buy it all then manipulators will crash btc to hehell.

For most graphic cards it doesn't matter, most cards are profitable on ETH mining and few like Rx Vega 56 and 64 are profitable for ergo mining, the 3070ti are good for ravencoin and TON coin so there you have it, all this depends on the cards you own

Thanks for you quick reply
So despite of the half of the coins will miners get after the halving it still will be profitable for the miners
That's good news
I thought if miners will only get half of the coins every time this will cause that they will only be able to sell also half of the coins than before so they will get only half of the income they used to before the halving
So if supply (new coins mined) decrease and the demand remains the same it can move price up theoretically

The question is interesting for me because l have a few older cards like 1050Ti and they can only mine Raven
Today I can mine with them more or less profitable but I'm wondering what will happen after the halving

Ravencoin mining reward will become lower so it will be more harder to mine ravencoin, we have TON though have you checked that out? I'm not sure that 4gb cards works with this coin but it's still new so try checking this out first

Don't expect too much from this ravencoin halving, there will be few percentage increment in value but that's it, take advantage of this high price and wait for dips cos few days after the halving is complete there will be massive correction, we've seen this happened few times before ravencoin isn't BTC

Let's see how it goes, I have high hopes for it starting this weekend.

If profitability will remain the same ravencoin needs to add more value that's all, probably double of its old price per coin, I just hope that the halving will have a stable impact on price cos most coins that halve always lose value after the halving period is over

It's difficult for rvn to go up with all this turmoil, this was the worse case scenario for rvn halving, if rvn halving was around last year then it would have risen a lot, with the speculation that bear market is coming everything is bad at moment. Let's hope for the best, rvn needs it, after eth is done, rvn will be one of the coins to mine.

Don't care; mining Ergo. :3

https://www.nicehash.com/countdown/rvn-halving-2022-01-10-12-00
Any decrease in profit on one of the popular algorithms will cause a decrease in profit when mining other coins. If mining Raven coin becomes less profitable, then miners will mine other coins.

one hour to go, price is not good at all, no point selling, better keep it for now, btc and eth still good price to sell, rvn terrible.

Yes it doesn´t matter to any GPU, but it does matter to the miner?  ::) and not all guys follow the mainstream.

The profibility change every 1 and RVN is the most profitable coin on some GPU´s.


You can mine also ERG, Flux, ETC with your 1050ti for example.

https://rvnblockexplorer.com/blocks

At the moment block 2099994, halving at 2100000, so very close now, few minutes.

Every minute is a new block, so 6 blocks left to halving.

The issue here is while price is the same, profitability will crash very hard, so if you are a miner then switch to something else, rvn profitability will crash 50% and then many will leave it and then will stabilize till the mean price for it is found.

8.97 Th/s, I wonder how much will be in few minutes ehhe, there is the profit switch.

https://www.youtube.com/watch?v=KUcETF8USMA

Halving is done, good day, now lets hope price will increase.

Next bull run, maybe  ;D
As I don't think ravencoin can do it alone, it has to wait for the Big boys (Bitcoin and Ethereum) to spike higher again

Right now, the market is starting to suffer from the hangover effects of the previous bull run, so it will be awhile.

It's over boys the only way forward is mine ravencoin and hold for next bull season sake, don't expect too much from alt halving because they don't drive the market like bitcoin  ;D

I believe if btc price stays the way it is for now then rvn price will keep rising to at least $0.19 in a month or so.

I prefer Ethereum classic mining, because GPUs get hotter when mining Raven coins.
It seems to me that this coin has already peaked at 23 cents this year and we will not see any new highs this year. You need to have a lot of patience not to sell this coin.

The high was $0.29.2, I sold at 0.2889 and then bought back much much lower, impossible mission to hit $0.29 again for now but $0.19 is very possible.

So halving is complete
I still mine raven but at the time of the halving there was some messing with Zhash algorithm in the NiceHash app but now it’s raven again
I will have a close eye on the profitability in the coming days
We’ll see :)

Interesting
After the halving the profitability decreased by 25%
Today I’ve realized that NHOS has switched to ZHASH instead of the KAWPOW
I’ll have a look at it tomorrow but interesting
I don’t know yet if Raven decreased or ZHASH increased, so which is the real reason

With btc going down, nothing can help at moment anything, so expect prices to crash even more, i have millions of rvn and not selling even knowing this can crash more and more, I know was kind sad rvn halving was obfuscated by btc going down but it could not be helped, bear time is very close now but I still believe there will still be a last bulltrap.

If you are looking at profitability in fiat value, then it's quite self-explanatory. Bear market is already taking effect and in the coming days/weeks/months. Mining most alts will not yield any nice profit to keep you running.

It's the period of time when one has to be ready to mine and wait for 2-3 years for a bull run to be able to sell off the stash at good price.

You bet?  :D

I am more than confident the bear market already started. For this Bull run, the all-time high was 68K in Nov last year. The funny thing about bear markets is that you don't realize that they are on until it's too late  ;)

hehe I'm betting on that last bulltrap, is a lot of money already hehe, if there is no last bulltrap then yeah at loss on that bet hehe, well anyway, 70% of my money is in usdc ehhe so i'm good, 20% on eth and 10% on rvn and other coins.

I’m looking at profitably in BTC because NiceHash gives the profit in BTC regardless the coin you mine
I know that all the cryptos has fallen now but l can wait for better times
So I only compare the profitability for RVN in BTC and it has decreased radically since the halving has been done
This could be the reason why NiceHash has switched to ZHASH since then because they also calculate in BTC

Bitcoin is going up again, I guess that is the start of the last bulltrap, this is the last time to sell high before fully fledged bear market. There is no hope, will sell my last 20% eth on this last bulltrap, it will probably get around 3 to 3.5k maximum, ravecoin the same thing, if it gets to at least around 14 cents then is a good price to sell, if less than 10 cents then dont even bother.