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Author Topic: Ravencoin - is there a future in this?  (Read 401 times)
GEMIN_M4
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August 08, 2022, 10:56:40 AM
 #21

Ravencoin is a good p2p slash pow coin that you can hold for long term but ROI wise you won't be getting enough compare to new smart contract projects with layer 1 and layer 2 innovations if you want the best returns in future make sure you diversify.

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August 14, 2022, 09:55:03 AM
 #22

I’ve always thought Ravencoin was a good idea but it seemed to fall short on actual real world use. I had high hopes it would be supported by Overstock and RVN securities would be traded all over the place. I’m not aware of any actually being traded though. It might just be an issue of me not looking into it enough, but it seems like they have a problem with advertising if there are lots of RVN securities trading somewhere.

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MetaMii
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August 14, 2022, 01:54:09 PM
 #23

Well I have my hopes up, I'm still mining it with 20% of my mining rigs + i have bought some 500,000 when it was 1.8cents few years ago and then decided to switch some of the rigs to mine it.
So far I have mined about 2million ( and haven't sold any so far ), at this moment mining about 3000/day and I'm happy how things are going so far but I have to admit that I'm sad I haven't sold any when it was selling for 25cent+

So my question is how many of you are mining it/hoarding it and for what price are you willing to part with all or certain percentage you have?

You shouldn't stick with ravencoin only, you already have millions so stop and look into other good coin like Flux, ravencoin is good for peer-to-peer payment and its pow but flux is more than that, I believe flux will be bigger in future, try to diversify.

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bythesea (OP)
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August 14, 2022, 11:40:21 PM
 #24

Well I have my hopes up, I'm still mining it with 20% of my mining rigs + i have bought some 500,000 when it was 1.8cents few years ago and then decided to switch some of the rigs to mine it.
So far I have mined about 2million ( and haven't sold any so far ), at this moment mining about 3000/day and I'm happy how things are going so far but I have to admit that I'm sad I haven't sold any when it was selling for 25cent+

So my question is how many of you are mining it/hoarding it and for what price are you willing to part with all or certain percentage you have?

You shouldn't stick with ravencoin only, you already have millions so stop and look into other good coin like Flux, ravencoin is good for peer-to-peer payment and its pow but flux is more than that, I believe flux will be bigger in future, try to diversify.

Oh im not, I have many other coins, some were a bust some are in a good position. Glad Raven is still there, when the next big jump comes ill sell probably all. Atm planning to buy some more but still not decided Wink
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August 15, 2022, 05:17:44 AM
 #25

The miner who are located in the country that has a low electricity bill will might be gaining a good profit in mining this coin, but when you reside in the country that has a very high cost in electric product, its hard to continue doing this business. Goodluck miners!
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August 15, 2022, 01:45:41 PM
 #26

I’ve always thought Ravencoin was a good idea but it seemed to fall short on actual real world use. I had high hopes it would be supported by Overstock and RVN securities would be traded all over the place. I’m not aware of any actually being traded though. It might just be an issue of me not looking into it enough, but it seems like they have a problem with advertising if there are lots of RVN securities trading somewhere.
Is there anything apart from peer to peer payment that Ravencoin is good for? I think this is the only use case the project has and that's why the performance isn't as good as few other PoW projects like Kadena and Flux but not entirely bad either.

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