Introduction to Ravencoin Mining
Ravencoin (RVN) is a decentralized blockchain designed for peer-to-peer asset transfers. Launched in January 2018, it uses the KawPoW mining algorithm (a variant of Proof-of-Work) to secure its network. With a fixed supply of 21 billion RVN, miners play a crucial role in maintaining its ecosystem.
This guide covers:
- How Ravencoin mining works
- Optimal hardware and profitability tools
- Real-time network stats (difficulty, hashrate)
- Key FAQs for miners
Ravencoin Mining Overview
| Key Metric | Value |
|------------|-------|
| Algorithm | KawPoW (ASIC-resistant) |
| Block Time | 1 minute |
| Block Reward | 2,500 RVN |
| Total Supply | 21 billion RVN |
| Consensus | Proof-of-Work |
👉 Want to track Ravencoin’s live price?
Network Statistics
- Current Difficulty: 60,751.694
- Hashrate: 4.50 TH/s
- Blocks Mined: 3.9M+
How to Mine Ravencoin
Step 1: Choose Your Hardware
Ravencoin’s KawPoW algorithm favors GPU miners (e.g., NVIDIA RTX 3060 Ti, AMD RX 6800). ASICs are ineffective due to its memory-hard design.
Recommended GPUs:
- NVIDIA GeForce RTX 3080
- AMD Radeon RX 6700 XT
Step 2: Select Mining Software
Popular options:
- GMiner (Windows/Linux)
- TeamRedMiner (AMD-focused)
- T-Rex Miner (NVIDIA-focused)
Step 3: Join a Mining Pool
Solo mining is less profitable. Top pools:
- 2Miners
- Flypool
- MiningPoolHub
👉 Compare mining pools for optimal rewards
Ravencoin Profitability Calculator
Use these metrics to estimate earnings:
- Hashrate: Your GPU’s speed (e.g., 30 MH/s).
- Power Cost: Electricity rate per kWh.
- Pool Fees: Typically 1–2%.
Example Calculation:
- A 50 MH/s rig earns ~150 RVN/day (at current difficulty).
Ravencoin Difficulty & Hashrate Trends
Ravencoin’s difficulty adjusts every block to maintain stable block times. Historical data shows:
- Difficulty spikes during bull markets.
- Hashrate fluctuations based on miner participation.
Ravencoin Price & Market Data
| Metric | Value |
|--------|-------|
| Current Price | $0.000011 (varies by exchange) |
| Market Cap | ~$120M |
| 24h Trading Volume | $5M+ |
FAQs
1. Is Ravencoin mining profitable in 2024?
Yes, with efficient GPUs and low electricity costs. Use calculators to project ROI.
2. Can I mine Ravencoin with a CPU?
No—KawPoW requires GPU power for competitive returns.
3. How often do Ravencoin rewards halve?
RVN has no halving events; block rewards remain fixed at 2,500 RVN.
4. What’s the best wallet for mined RVN?
Official Ravencoin Core Wallet or hardware wallets like Ledger.
Final Tips
- Monitor network difficulty to adjust mining strategies.
- Reinvest earnings into energy-efficient hardware.
- Stay updated via Ravencoin’s GitHub.
Start mining today and contribute to Ravencoin’s decentralized future!