Bottlecaps (CAP) is a crypto-currency that functions on the scrypt algorithm. This virtual currency functions without a central authority keeping track of every transaction within the network. Being a peer-to-peer, open source digital currency, Bottlecaps offers a block reward of 10 coins and its network will produce a total of 47,433,600 coins after nine years. To begin mining and trading this alternative crypto-currency, a Bottlecaps wallet is needed. Find a wallet client available for download and install it in your computer to be able to buy, sell, and store CAP.
Trade Bottlecaps and Bitcoin over at Cryptsy and CoinEx exchanges. The Bottlecaps price/value can be considered weak despite the upward trend of its exchange rate. In effect, this crypto-currency experiences instability in its exchange rate as it suffers from high fluctuations.
With a 47,433,600 coin cap and a 1-minute block time, Bottlecaps (CAP) surely looks to be controlled as the first alternative to Bitcoin. But between the two, the former has a lower block reward at 10 coins per block compared to 25 coins of the latter. Furthermore, all 47 million coins will be generated after nine years, which only makes this alternative currency more attracting.
For those who are interested in mining, there is also an option to join a Bottlecaps mining pool, where you can earn a percentage of the total block reward. However, there are certain pool fees and other requirements when you join these pools. To find available pools that allow Bottlecaps mining, simply check out the advertised pools on this crypto-currency’s website. Currently, only 248,617 blocks have been generated, which only means that there are still plenty more blocks that need to be processed. Hence, more tasks still await existing and future Bottlecaps (CAP) miners.
In order to find out your potential returns in mining, a cutting-edge Bottlecaps calculator is at your disposal. This will help determine your mining profitability in the long run. By taking note of the Bottlecaps difficulty, exchange rate, pool fees, hardware and power costs, you can see your estimated expected earnings in your desired time frame.
On the other hand, if mining isn’t your thing, then it would be worth it to look for a Bottlecaps faucet online. These “faucets” will provide you with limited free coins, however, you need to wait for cool down periods and comply with certain verification requirements in order to prevent abuse on its usage.