Terracoin

Terracoin

Coin Information

Algorithm SHA256
Proof Type PoW
Start Date 26/10/2012
Website TerraCoin
Last BlockExplorer Update TS 2018-08-21 12:08:14
Difficulty Adjustment Dark Gravity Wave
Block Reward Reduction 1050000
Block Time 120
Total Coins Mined 22935396

Source : Cryptocompare.com

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About Terracoin

Terracoin (TRC) is a Bitcoin-based peer-to-peer cryptocurrency that provides instant payments to users worldwide. Released in 2012, Terracoin has established a core network that is widely used by several traders and miners all over the world. And since Terracoin (TRC) banks on the Bitcoin protocol, expect to find similar features in this alternative currency.

Terracoin (TRC) features a digital wallet that is optimized to work on Windows computers. Simply download the Terracoin Wallet that is equipped with the latest build to experience much improved services. If you use several cryptocurrencies, though, you can use a multi-currency Bitcoin client that also supports Terracoin (TRC). Just keep in mind that it would be a third-party wallet, which is largely different from the actual Terracoin Wallet.

Moreover, you can instantly load your wallet with free coins by simply searching for a Terracoin Faucet online. There are several faucets available, so make sure to make the most of them. Just provide your Terracoin Wallet address and find the free coins transferred straight to your wallet.

Terracoin Mining

Terracoin (TRC) will be producing a total of 42 million coins over the years, which is double that of Bitcoin. However, there will only be a two-minute block time, which is five times faster than the block time Bitcoin mining features.

When you engage in Terracoin mining, you have to consider your net profits. In effect, it’s important to use a Terracoin Calculator to get a good estimate of your mining profitability. By indicating the hash rate, power used, block reward, exchange rate, and other details, you will have a clear picture of how Terracoin mining can benefit you in the long run.

Moreover, this will be instrumental to your decision of whether or not to join a Terracoin Mining pool. After all, solving one block may take a while as the Terracoin Difficulty is at 470,165.9596. If this seems to be too much for mining solo, then feel free to join a pool of miners and just collect your share from the total earnings.

What’s good about Terracoin mining, though, is that it has an average difficulty fluctuation, so miners won’t be surprised to find difficulty levels that change erratically.

Terracoin Exchange

Terracoin (TRC) is a good-performing cryptocoin in the current market. As compared to most alternative currencies today, the Terracoin Price/Value is leaning toward the upper end. This can be easily seen when you check the Bitcoin market on various exchanges like BTCe, Cryptsy, and Vircurex. Additionally, the Terracoin Exchange rate is relatively stable, so traders shouldn’t worry too much about abrupt price markups and markdowns.