Spots

Spots

Coin Information

AlgorithmScrypt
Proof TypePoW
Start Date21/07/2013
Difficulty Adjustment1 block
Block Reward Reduction-

Source : Cryptocompare.com

About Spots

Spots (SPT) is a Litecoin-based cryptocurrency that provides a revolutionary way to purchase precious metals. With silver bars as its logo, Spots is determined to become the standard currency used to buy online wherever you may be in the world. Spots (SPT), which was only released in mid-2013, is active in the market and is enjoying considerable amount of support from the online community.

By downloading and installing the digital Spots Wallet on your computer, you can begin trading, storing, and mining coins. Choose between a Windows and a Mac wallet then you’re all set to go. Always remember that the Spots Wallet is essential as this is where all your coins will be stored. As such, it’s highly important that you take extra measures to protect it.

To load your digital wallet with coins upon opening, you can find a Spots Faucet that will give you free coins. Simply provide your wallet address and find generous amounts of free coins credited to your wallet. Keep in mind, however, that online faucets have their own regeneration period to ensure that they have enough coins for every user.

Spots Mining

Spots (SPT) uses the scrypt algorithm when mining. While it’s uncertain as to how many coins this cryptocurrency will have in total, it’s sure, though, that miners will benefit from Spots mining.

With a block reward of 49 coins, 70 second block time, and a Spots Difficulty adjustment of every three blocks, you can expect to mine more blocks in a day. After all, Spots (SPT) ensures that it provides fast mining. Moreover, miners will be treated to huge rewards as mining superblocks can earn them 10,045 coins, which is 205 times the normal block reward! And the best part here is that there’s a chance of hitting a superblock every two hours per day.

Imagine how much you can earn in a day if you’re mining solo. But despite joining a Spots Mining pool, trust that you can still make profits. However, expect that it won’t be as much as when you’re mining alone since you have to pay the pool fee and have the total rewards divided among the miners in the pool.

That’s why if you want to find out the best mining method for you, you have to know the estimated expected earnings for mining solo and in pools. Using a Spots Calculator, you can easily gauge which of the two will give you the advantage in the future.

Spots Exchange

Spots (SPT) is traded on exchanges like Cryptsy and Coins-E in the Bitcoin market. However, it’s evident that the Spots Price/Value trades very weakly against Bitcoin. In effect, the Spots Exchange rate is highly unstable as reflected in the exchange rate chart provided in these two exchanges. But since there aren’t many exchanges that trade Spots (SPT), you can expect to find large exchange volumes there.

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