- Scrypt Algorithm
- Initial reward of 100
- Slower reward drop
- NovaCoin cuts a half from the reward for every 64x diff adjustment.
- POS difficulty adjusted for 100 times fewer coins.
- POW difficulty adjusted for Scrypt
- ROI for POS changed to 0.05 coins per 1 coin-year.
However, it is essential to download NovaCoin Wallet for doing the transaction on this network and the wallet is compatible with Windows, Linux, and Mac. Once the wallet installation is complete, users can instantly start storing coins. Coins can be acquired by mining or from a registered NovaCoin Faucet.
The Key features of NovaCoin mining
- 10-minute stake spacing,
- 30-minute proof-of-work spacing,
- Balanced proof-of-work blocks and stakes weighting.
- Moreover, miners should know the fact that it shares the same block time with Bitcoin but rewards are much lower at 9.38 coin/block
Moreover, the NovaCoindifficulty modifies every block while its difficulty is set at 357.8398 as of now. But irrespective of the high difficulty-rate and low block-reward, miners will be treated to a more regular and steady gathering of coin rewards.
If a user gets to find him collecting more coins from mining, then the use of a NovaCoin Calculator is an easier option to speculate and calculate the estimated expected earnings in a day, a week, or in a month, and concurrently in a year. In this instance, users can monitor if he is reaching the targets he has set for a specific timeframe.
NovaCoin Exchange
However, NovaCoin (NVC) is operated in a variation of exchanges like Cryptsy, Bter, BTC-e, Vircurex, and CoinEX. What’s stimulating to note, although, is that it doesn’t only trade with Bitcoin but also with USD? This means that users can purchase and sell NVC using fiat currencies like USD. Although the NovaCoinPrice/Value seems to be heading south as reproduced in the exchange rate chart, it’s seen to have an established performance in the market.
