ETH

BTC $924.67

LTC

DigitalCoin

DigitalCoin

Coin Information

Algorithm Scrypt
Proof Type PoW
Start Date 18/05/2013
Website DigiCoin
Last BlockExplorer Update TS 2017-01-07 11:01:54
Difficulty Adjustment 1.0
Block Reward Reduction 50%
Block Number 2125253

Source : Cryptocompare.com

Social

About DigitalCoin

DigitalCoin (DGC) is a crypto-currency that keeps its value well and doesn’t experience as much volatility as some other crypto-currencies. It uses the same scrypt algorithm and has been optimized for performance. DigitalCoin boasts of its unique characteristics as it’s considered as one of the fastest ways to send and receive money. In order to begin mining and trading DGC, you’re required to have a DigitalCoin wallet. Keep in mind that you need a wallet so you can send, receive, trade, and store DGC. Simply select the wallet client that’s compatible to your operating system, have it installed in your PC and you’re off on the right foot. Mining Should you wish to start DigitalCoin mining, it should be noted that this crypto-currency retargets quickly to adjust to the environment; hence, stability should not be much of an issue. Furthermore, it banners a low difficulty of 6.6801with over 600,000 blocks generated. But despite the low DigitalCoin difficulty, it’s heading toward a stable increase as shown in the difficulty chart. Consistent rewards encourage miners to support the DGC network in long term. For every block, miners are rewarded with 15 DGC. And with a 0.67 block time, miners are expected to mine more coins from several DGC blocks. However, should you wish to join a DigitalCoin mining pool, expect to receive much fewer coins. Moreover, you will have to meet certain prerequisites to receive payments. For instance, some mining pools require a number of confirmations to payout and even charge pool fees. Always take note of these requirements so you wouldn’t be surprised when you begin pooled mining. To deliberately plan your mining, use a DigitalCoin calculator to determine your mining profitability in the long run. Simply take note of the difficulty, hash rate, power costs, pool fees, exchange rate, and block reward and you will already have a fair idea of how much you can earn from mining DGC in a certain time frame. DigitalCoin Exchange Cryptsy, Vircurex, Crypto-trade, and Phenix are some of the most popular crypto-currency exchanges where you can trade DGC against BTC and vice versa. If the exchange charts are to be evaluated, it’s evident that the DigitalCoin price/value is gradually decreasing despite the huge exchange volume illustrated in the charts. DigitalCoin (DGC) is trading weakly against a more stable crypto-currency like Bitcoin, which is only logical since DigitalCoin has only recently started. Although the latter’s current exchange rate is far from being stable, you can still trade DGC from the abovementioned exchanges. Should you feel DigitalCoin mining won’t do it for you, you can always make use of the available DigitalCoin faucet to receive free DGC. However, be mindful of its limiting factors, like the cool down period as well as the verification requirements.

Share this