Okay, let’s play devil’s advocate. Who gives 2 F’s if there ARE FPGAs? Any hashing power secures the network. So what if it’s an ASIC? BTC has ASICs. Maybe if you’re a miner you care because your rewards are diminished, but as a user? The dark gravity wave difficulty adjustment and the 60 block reorganization lock out means no double spends. When FPGAs are no longer profitable they will be shut down, difficulty will adjust and hobbiest miners will keep the chain alive. Go cry somewhere else.

Okay. Well I hope you’re wrong about the devs. If and when tZero launches there may be a bounce.

Is there a reason you enjoy being such a downer?

Aha, so this is very interesting.Your approach is to invest via minig, because in this way you give RVN a chance to survive this super-bear market and succeed so you will get your profits in the future.
Nice point.

[/quote]

Correct. I would rather help the coin to live now and be rewarded later, than to make a little money now and nothing later.

I should also say that I am philosophically aligned with helping Security Tokens become a real, regulated financial asset. I think RVN has an actual chance of doing just that. That does not mean it is likely, only that it is possible. I would much rather bet on the unlikely that has a small chance of huge gains instead of the probable that has a large chance of small gains.

For more information consider reading _The Black Swan_ by Nassim Taleb.

That’s fine. It’s what people said about BTC, and ETH, and DOGE. POW coins with real community make money. Please don’t misunderstand me. I’m not saying RVN is in any way going to usurp BTC’s crown. RVN doesn’t have to to be valuable now to be worth building. For example I see no value in LTC, but is has a strong community, is a POW coin and has a top 5 market cap. If RVN does 10% as well then I hope all the smart people dump on my ass.

I mine at a loss because I can. RVN is a hobby. I have a real job so I can afford to wait. I mined BTC for over a year at a loss in 2013. I waited. I am happy I did. I do not belong to any group. I do not take orders from any devs/miners. I mine on home PCs with decent graphics cards. If RVN collapses I can still play video games in 4K with my kids. I recognized that RVN has potential huge upside with very little downside. I bought a bag when it was over 5 cents on Cryptobridge because my hash rate is really low. I’m underwater by 74%, but that is not the point.

Sure, I’ve lost “real” money in RVN already, and I may lose it all, but I don’t care. I’m willing to risk loosing everything now (not much) for potential gain of loads more later, but to have a chance requires supporting the network now.

If everyone trades, or mines and dumps, we all lose.

I guess I’m just a real HODLER.

Look, as difficult as it is for most of you to believe, there are lots of hobbyist level miners mining RVN who DON’T CARE ABOUT PRICE. I should know, I’m one of them. If you have been in the crypto space since before Etherium you understand that the network and the community is what gives any coin its value (just look at Dogecoin FFS). Mining BTC in the early days was stupid. Buying a butterfly labs ASIC was stupid (trust me, 9 month shipping delay was “fast” shipping). Buying a big bag of BTC on Mt. Gox, moving them to cold storage, and HODLING was smart... BUT, if everyone had done that and no one mined at a loss there would be no BTC value today.

When you can’t figure out why anyone would lose money on mining RVN at home do yourself a favor:
1) go to Coin Market Cap
2) in the top left drop down select “cryptocurrencies” and select “filter non-mineable”
3) click on “Volume (24h)” and sort in descending order: RVN is a top 20 coin NOW
4) consider that in 3 more years its market cap will be 3 times higher by the simple fact that there will be 10 billion RVN in circulation

RVN is trading today at $0.013 USD. It has well over $1 Million per day in trade volume (which is way more than about 40 coins on the top 100 coin list). It could EASILY get to $0.10 in the next 3 years, but ONLY IF it has a strong network and community.

I want $0.10 to happen. It needs everyone’s help to get there, and every hash helps.

We mine because we are Ravencoin.

Search for the zapwallettxes and rescan commands for Bitcoin stuck transactions. They work for Ravencoin also.

I whole heartedly agree with the 5 vs 10 cent thing. Since I have a day job I can afford to loose money now supporting the network. I can’t code, but I can donate a little electricity

The whole “profitability” thing isn’t a straight up yes or no question. It is a timeframe question. Even if short term it isn’t profitable to mine, it _could_ be in the long term if you HODL. Plus mining even when it isn’t immediately profitable grows the network, which increases the future value of RVN.

Don’t believe me? Just ask anyone who “unprofitably” mined BTC when it was at $1000.

None of the new ones differentiate themselves in a long list of crypto’s. The original Raven made from triangles DOES. You can spot the Raven on coin market cap and elsewhere from a mile off. It’s unlike all other coin images. DON’T change it!

Depends on if it catches adoption from small to medium corporations to list their stocks. If you look up the cost to list your company on NASDAQ then $10 is doable. $100 would be the ultimate fringe case similar to when ETH broke $1000.

Asset activation is the reason for being for Ravencoin to exist in the first place. RVN is trying to replace ERC-20 tokens from Etherium first. Next it is going to try and replace the real world IPO market by replacing them with STOs (security token offerings). Finally, it will try and replace actual stock and commodities exchanges by having a faster and more reliable way to transfer assets between buyer and seller.

You can see an example of issuing an asset at the bottom of this page: https://raven.wiki/wiki/Testnet

You can read information about assets from the lead developer here:

https://medium.com/@tronblack/ravencoin-as-an-asset-platform-6979530d125f

and here:

https://medium.com/@tronblack/ravencoin-asset-faq-e0d04d460e9b

You mine RVN to support the network because you actually believe in the project. Short term financial loss on electricity and profit in other coins for long term gain in restructuring the inner workings of Wall Street and how people raise capital for real world business development.

No small time hobbiest actually makes the most money mining.  The purely financially best move would be to buy the coins, not mine, and sell after they go up.  But guess what if everyone did that? There would be no network. And the network matters. A lot. Why is BTC the coin with the highest value? Is it the best protocol? Hell no. Many new coin’s protocols are WAY better. BTC is the highest valued coin because it is the coin with the strongest network BY FAR.

So, why mine RVN? Because you want it to kick other coin’s asses over the _long_ haul. If you think RVN can be a top 20 coin by market cap then you should mine it to help MAKE that happen. If not, trade the parabolic spike and you can tell your grandkids you made $6,000.00 betting against the world’s stock market in 2018.

I will be happy to buy your pile of RVN shit coins. Please send them here: RGrQNNvez8mRxMoErh9pcHzrfBcWD7TJ1J

Do I think RVN is a great project with a strong future use case? Yes. Is it going straight up right now? Yes. Does that have anything to do with being listed on Bittrex and Binance? More than likely.

The important thing to remember here is “what is your time frame?”

If you believe that RVN will still be around in 5 years (I do) then it is likely to be worth more than the $0.02 it is worth today. Buy some. HODL it. Be happy in 5 years.

If you think this is all just a parabolic price spike due to new exchange listings and the upcoming asset layer activation then sell now and enjoy having doubled your satoshis in the past week or so. Will it drop lower? I’m confident it will. This is a PARABOLIC move. They ALWAYS correct.  Are you good enough to be a trader and make some sats trading the spike now and then transforming into a HODLer at the low? I know I’m not, but good luck to you.

Both the RVN bashers and the HODLers can be right. It just depends on what your time horizon is.

The one thing I can’t wrap my head around is why RVN haters feel like it is constructive to come to a RVN forum and take a shit all over others people’s current joy at the growth in the project. There are well over 1,000 (more really) truly shitcoins. I can’t see going around and posting why they all suck. What kind of time use is that? Here’s a hint: if you don’t like a project, spend your time somewhere else. If you have a serious concern about a coin’s challenges EXPLAIN them. Help the coin get over them. Just please stop polluting our thread.