Bitcoin Forum

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. ;)  ;)  ;)

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.

Ravencoin right now doesn't have so much use, but it's a coin that can go 10x from here or even more.

ETC is probably the best coin right now if we compare with another coins, like use case, devs, time in the market, support, price and marketcap.
I don't know how much hashrate ETC can absorb, but there's only a few days left to find out. I hope RVN, ETC, ERGO and another coins stay strong and I hope for new POW coins.
With more support, maybe RVN can attract more attention and have some good functionalities in a near future.

Security tokenization is the usecase. Security tokenization is a multi-trillion dollar industry.

Ravencoin is the only platform that does this on the base layer without smart contracts and with compliance built-in.

https://raven.wiki/w/Ravencoin_Wiki (https://raven.wiki/w/Ravencoin_Wiki) has a list of projects currently using Ravencoin but like everything else it is updated on a volunteer basis so may not be 100% current.

These coins arent pumping because of the upcoming merge, they are pumping because for some reason many coins are pumping this week. Remember Luna? Yes the one that started this bear market is also pumping.

I am guessing its because Summer is over and there is more liquidity in the markets. So there are many active traders now compared to a few weeks ago. And many coins are pumping left and right this week, including these POW coins.

Maybe it might be better we wait after the ETH merge before we make conclusions  ;)
To me the pumps are more like an anticipation to the merge event since ETH has also been pumping lately.

It maybe a multi-trillion dollar industry but if the adoption to the network is slow then it will just be one of those coins created with brilliant ideas but ignored by most projects and people. I still think it's one of those coins that can make an easy x10 in a bull market.

The KawPow algorithm heats up video cards very much, if there are alternatives with a similar profit, then it is better to mine other coins.
Algirythmic switching on nicehash or other services will not allow one coin to be more profitable than others.

It will be profitable if they pump 10x to absorb all that eth hash power.we will see but minus profits are on sight

First this is not a bear market, this is a pre bear market, second, this price rise is normal because thieves want idiots to buy those coins after they buy, this is called a scam pump, given the time and price after all this hype, things will get back to normal, february 2023 we will see the real price of coins.

Maybe if there's a team that could release a project that achieved tremendously, it could convince a lot that this is not just a pump.
Miners are probably going to do trial and error to some POW coins until they find something that is worth their energy and could also pay their bills while the coins are also worth holding.

But weren't there an ETH POW coming too? If there isn't a split I guess ETC will likely be the best option. But like Ravencoin, people will doubt its usecase.