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Why Novacoin is more valuable than PPCoin ?
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Topic: Why Novacoin is more valuable than PPCoin ? (Read 1087 times)
benishak
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Why Novacoin is more valuable than PPCoin ?
October 23, 2013, 08:01:13 AM
#1
Hi
In BTC-e Novacoin is traded for 0.028 BTC but PPCoin is traded for 0.0015
Why NVC is more valuable than PPC, though NVC is newer than PPC and was considered as a scam for a long time!
when we want to talk about it technically, both coins are the same, they support PoW/PoS except that PPC uses SHA and NVC use Scrypt, it's likely that :
PPC = BTC + PoS/PoW
NVC = LTC + PoS/PoW
it looks normal when NVC more valuable as LTC but i think PPC is better than NVC as it uses SHA which is less power consumer ..
ImmortAlex
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Re: Why Novacoin is more valuable than PPCoin ?
October 23, 2013, 09:42:15 AM
#2
Take a look to coinmarketcap.com :
PPC:
Market Cap = $ 6,190,207
Price = $ 0.30
Total supply = 20,596,509 PPC
NVC:
Market Cap = $ 1,839,962
Price = $ 4.02
Total supply = 458,113 NVC
Are you still consider NVC is more valuable?
Price of one coin means nothing. One NVC coin cost more just because each generated block emits less coins than in PPC model.
benishak
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Re: Why Novacoin is more valuable than PPCoin ?
October 23, 2013, 09:53:03 AM
#3
Thanks ImmortAlex for the useful info and link
this makes now more sense
is there any place to trade ppc/usd and ppc/eur ? as in BTC-e there is only PPC/BTC
pmconrad
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Re: Why Novacoin is more valuable than PPCoin ?
October 23, 2013, 10:09:02 AM
#4
Quote from: benishak on October 23, 2013, 09:53:03 AM
is there any place to trade ppc/usd and ppc/eur ? as in BTC-e there is only PPC/BTC
https://cryptonit.net/exchange/eur/ppc
https://cryptonit.net/exchange/usd/ppc
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3cryo
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Re: Why Novacoin is more valuable than PPCoin ?
December 23, 2013, 08:02:16 AM
#5
Quote from: benishak on October 23, 2013, 08:01:13 AM
it looks normal when NVC more valuable as LTC but i think PPC is better than NVC as it uses SHA which is less power consumer ..
Is SHA really a lower power consumer than scrypt? I guess per hash it is, but there seems to be a lot more network power going into SHA than scrypt... i.e. Bitcoin.
Anonylz
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Re: Why Novacoin is more valuable than PPCoin ?
December 23, 2013, 09:09:35 AM
#6
Quote from: 3cryo on December 23, 2013, 08:02:16 AM
Quote from: benishak on October 23, 2013, 08:01:13 AM
it looks normal when NVC more valuable as LTC but i think PPC is better than NVC as it uses SHA which is less power consumer ..
Is SHA really a lower power consumer than scrypt? I guess per hash it is, but there seems to be a lot more network power going into SHA than scrypt... i.e. Bitcoin.
No but PoS uses less power then PoW. The only problem for me is that it generates coins based on a interest model. When I got into Bitcoin, I was so happy this coin is generated without interest, but ppc unfortunately does use interest, generating coins if you hold a lot of coins (this is my understanding of PoS) I do not like interest and that's why I do not own any PoS coins like ppc nvc or cgb.
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