LINKS: - - - - - Welcome to! Pure security using only for fair distribution of wealth. Hello, I am starting out with Peercoin and I want to know the most effective way I can mine Peercoin while not spending more than ~$100. For example, would it be a smarter idea for me to buy a USB block eruptor (like those used for bitcoin), a GPU, or a CPU (new or used).

Earn 10 PPC by setting up a Peercoin full node. Mining Pools - Choose from a list of various mining pools. Peer4commit.com - Create, fund projects & earn PPC. Minting Guide - How to Mint Peercoin; Mining Pools - List of. At how much PPC is it worth minting? As it will allow you to mint faster than every 90. Peercoin, also known as PPCoin or PPC, is a peer-to-peer cryptocurrency utilizing both proof-of-stake and proof-of-work systems. Peercoin is based on an August 2012 paper which listed the authors as Scott Nadal and Sunny King. Sunny King, who also created Primecoin, is a pseudonym. Nadal's involvement had. Oct 27, 2017 This mining tutorial will demonstrate how to solo mine peercoin on easy mining pool.

Power costs aren't too much of an issue in my case and the most profitable choice would be preferred. Please stick with me here because I am new to Peercoin.

Thanks for your help! Thanks for all the responses! I will be using some kind of ASIC to do my mining because that currently looks like the best solution. Thanks again for all your time and help!

Hello and welcome to Peercoin:) Peerocin mining is a POW SHA256 process so yes you would want any BTC mining device to mine Peercoins. The USB block eruptors, KNC miner, etc any ASIC device, the power costs of running a GPU or CPU for mining will just not be profitable. You say you have about $100 to inverst. Are you dead set on mining? Have you cheap / free electricity and is that why you are wanting to mine? I ask this as with Peercoin there is the option of buying Peercoins and Minting Peercoins.

You can mint on very little hardware, see the peerbox project and with rising difficulty or hardware hard to get hold of that will be cost effective on mining then buying and minting 1% per year may be a better investment option. If you do decide to mine PPC here are some of the pools you can mine at, looks at their stats and what hashrate the users are mining with and their daily ppc rewards • • • for example taken from coinotron just now 7.112TH gets 48.02 PPC per day, 1.430TH gets 9. Verge XVG Mining Equipment. 66 PPC per day With a raspberry Pi you can run a node for 1.3Watts and combine that with the findstakeJS project you can predict when you should turn on your minting device to mint a block if you dont want to leave the device on all the time but want to mint and get your 1% per year reward. Hope this helps and feel free to ask any questions Fuzzybear • • • •. Yeh it is great to have a hands on feel for mining and its a great project to have on the side and leave running. Yes I would say start with something small. Test with a $10 USB eruptor or something as you will see that mining 24 7 requires a cool, clean child free area and you will learn a lot on setup, once you happy then invest in a larger ASIC.

It may be of interest to you that I have been putting data (and a chart eventually) showing which pool has found blocks in the last 600 POW blocks. Fuzzybear • • • • •. If you are dead set on mining, the decision is easier than you may think. Just hit eBay and get the fastest Bitcoin miner that will fit within your budget. Two things to consider: does the miner come with a power supply and does it have a built in controller. I mine just as a hobby, I have a Rockminer 35GHs hooked up to my Raspberry Pi which is a dedicated full Peercoin node.

I get about 5 PPC a month. I calculated how much I would have been willing to invest in a miner, figured out how much PPC I would have generated and I buy that amount of peercoin outright. If I were to buy a miner, and already had a suitable computer power supply, I would get an Antminer S3.

You can find them on eBay at around $120, sometimes they have the power supply included. They mine at around 440Gh/s which means about 90-100 peercoin a month. In fact I'm still considering doing this myself. Here's an example • • • •.