What is Ravencoin (RVN)?
Launched on January 3, 2018, Ravencoin (RVN) is an open-source project built on a fork of Bitcoin's code. This cryptocurrency specializes in transferring unique assets via the InterPlanetary File System (IPFS) and messaging. Its primary goal is to facilitate the efficient, frictionless creation and transfer of assets between entities.
Key highlights:
- No ICO: Funded through a multi-million-dollar investment from Overstock.
- Limited supply: 21,000,000 RVN (circulating supply: ~8.3 billion).
- Current price: $0.1806 (market cap: ~$1.49 billion).
Unique Features of Ravencoin
- ASIC-resistant: Uses the KAWPOW algorithm (derived from ProgPOW) to promote GPU mining.
- Fair launch: No pre-mining, developer rewards, or ICOs.
- Community-driven: Fully decentralized and open-source.
How to Mine Ravencoin (RVN)?
Step 1: Hardware Setup
Ravencoin is GPU-minable only (no ASICs). Recommended:
- GPU: AMD or Nvidia cards with ≥3GB RAM.
- Check profitability: Tools like WhatToMine.
Step 2: Software Selection
Choose mining software based on your GPU:
| Software | Compatible GPU | Key Feature |
|---|---|---|
| T-Rex Miner | Nvidia | Supports 30+ algorithms. |
| TeamRedMiner | AMD | Optimized for AMD VRAM usage. |
| GMiner | Nvidia/AMD | High efficiency for KawPow. |
| NBminer | Nvidia | Supports 14 algorithms. |
👉 Compare mining software performance
Step 3: Solo vs. Pool Mining
- Solo mining: Higher rewards but slower payouts.
- Mining pools: Faster rewards (shared among participants).
Popular Ravencoin Pools:
- 2Miners
- FlyPool
- Nanopool
- Ravenminer
FAQs
1. How many RVN can I mine daily?
With a 70 MH/s hash rate, you can mine ~49.45 RVN/day (post-electricity costs: ~$7.94 profit).
2. How long to mine 1 RVN?
Approx. 17 minutes (varies by hardware/pool).
3. Is RVN mining profitable?
Yes! Its ASIC-resistant design and low entry barriers make it ideal for GPU miners.
4. Which wallet supports RVN?
Use the official Ravencoin Wallet (desktop/mobile).
5. What’s the block reward?
5,000 RVN per block.
Final Tips
- Monitor energy costs to maximize profits.
- Join communities (e.g., Ravencoin Discord) for updates.