Noirbits

Noirbits

Coin Information

Algorithm SHA256
Proof Type PoW
Start Date 06/06/2013
Website NoirBits
Last BlockExplorer Update TS 2016-12-25 02:12:22
Difficulty Adjustment 30 blocks
Block Reward Reduction -

Source : Cryptocompare.com

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About Noirbits

Noirbits (NRB) is a community-managed and developed cryptocurrency based on Litecoin. Also termed as a ‘community coin,’ Noirbits is expected to be run by the community for nine years, during which it will provide fast and smooth transactions within its network.

Noirbits (NRB) is a heavily backed-up alternative currency, which is evident with its organized and updated resources. Of course, you can download the Noirbits Wallet without any hassle, and use it on your Windows or Mac computer. The Noirbits Wallet is regularly updated to ensure that its services like trading and mining aren’t hampered.

In order to load your wallet with coins, simply collect free coins from the available Noirbits Faucet online. Just take note of its cooldown period, which is a mechanism to prevent abuse from users.

Noirbits Mining

Noirbits (NRB) uses scrypt as proof-of-work algorithm and will have more coins than Bitcoin will ever have as it will produce a total of 50,000,000 coins. And for every generated block in the network, miners will earn 20 coins. If you’re mining solo, you will get the whole block reward, but only a percentage will go to your wallet if you join a Noirbits Mining pool. And with a variety of pools available online, you can freely choose the one that suits your preference in terms of pool fees and number of confirmations.

The Noirbits Difficulty is still considerably low when compared with the more popular cryptocoins like Bitcoin and Litecoin. What’s also good about its difficulty is that it doesn’t fluctuate as much as other altcoins do. In fact, you can find in the difficulty chart a steady yet minimally changing level of the Noirbits Difficulty.

Also, miners should expect the difficulty to change every 30 blocks, but with a two-minute block time, there’s not much time to waste. The quick block time is also proof that the transactions within the Noirbits (NRB) network are instant.

In order to plan your mining more effectively, use a Noirbits Calculator. Using this tool will compute your estimated expected earnings for a day, a week, a month, and even a year. You just have to simply key in important details like the Hash Rate, Block Reward, Exchange Rate, and Pool Fee if you’re mining in pools.

Noirbits Exchange

Noirbits (NRB) is traded in Cryptsy against Bitcoin. But as reflected in the Noirbits Exchange rate chart, its price is headed south. As a result, its exchange rate is unstable, causing the Noirbits Price/Value to weaken more in the market.