IXCoin (IXC) is a Bitcoin-based cryptographic currency. As such, it uses the SHA-256 algorithm and functions without a central authority keeping track of every transaction within the network. A peer-to-peer, open-source digital currency, IXCoin is distinct from Bitcoin in a way that it has a shorter maturity.
So, get your IXCoin Wallet ready to begin mining and trading. But take note, though, that to differentiate the IXCoin address from that of Bitcoin, the IXCoin Wallet key has the letter x at the beginning instead of the number one.
With also a 21-million-coin cap and a 10-minute block time, IXCoin (IXC) surely looks to be poised as the first alternative to Bitcoin. But between the two, the former has a bigger block reward at 96 coins per block compared to 25 coins of the latter. Moreover, all 21 million IXC will be generated by 2015, 18 years ahead of Bitcoin. This only makes IXCoin mining more attractive.
Besides these, the Difficulty adjustments of the two cryptocurrencies are also similar at 2,016 blocks. However, it should be noted that IXCoin hasn’t even gone beyond the 200,000-block marker. With almost 180,000 blocks so far, this digital currency has a Difficulty of 257,271,234.8508-much bigger than most altcoins, but still lower than that of Bitcoin.
But with the steady increase on the number of generated blocks is the rise of the IXCoin Difficulty. Since its launch in 2011, IXCoin (IXC) is able to maintain an average Difficulty Fluctuation. This is a good sign as your mining experience won’t suffer from extreme changes. In this way, you can ensure that you will constantly earn coin rewards during a mining period.
Likewise, you can use an IXCoin Calculator to get an estimate of your hourly, daily, weekly, monthly, and even yearly expected earnings. With a steady Difficulty Fluctuation and relatively high block reward, it appears that IXCoin mining can be highly profitable. However, you also have to consider other factors like pool fees when you join an IXCoin Mining pool.
What’s also great about IXCoin (IXC) is the merged mining feature. Through this, miners can mine more than one block chain at a time. This may require extra effort but this increases the rewards at hand. This will greatly help you earn more coins, especially now that there isn’t any IXCoin Faucet available.
Trade IXCoin and Bitcoin over at Cryptsy and VirCurEX exchanges. Although IXC has a lower price/value compared with BTC, it’s currently doing well in the market. In fact, the IXCoin Price/Value is constantly rising and showing great stability. If this continues, then it will certainly exist in parallel with Bitcoin in the future. With 177,560 generated blocks, the IXCoin Exchange rate is well above 0.0002, which is far higher than most alternative cryptocurrencies.