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New to NavCoin? Read here!
Welcome to the NavCoin subreddit!
What is NavCoin?
NavCoin is a cryptocurrency based off Bitcoin. While it offers all the benefits of Bitcoin, it also has added benefits such as faster and cheaper transactions, the ability to earn 5% on your NAV and optional private payments. A key difference is that NavCoin uses the Proof of Stake algorithm to secure the network (as opposed to Proof of Work that Bitcoin and others use). The benefit of using Proof of Stake is that it's much more lightweight and you don't need huge servers or farms to mine NavCoin. All you need is to install a Core Wallet, turn on staking mode and you will earn 5% on the amount in your wallet.
What sets us apart?
Fast transactions times (30 second block times)
Low cost transactions (0.0001 NAV)
A Proof of Stake wallet that doesn't require a huge server to run. Even a 5V Raspberry Pi can run it. This ensures decentralization in nodes.
Users earn 5% yearly rewards on the amount of coins in their unlocked wallet.
Optional, but fully anonymous transactions. NavCoin uses the RSA algorithm for privacy which is widely studied and very safe.
A highly active development team, with status updates released every week.
SegWit has been voted on and activated by the community. This enables further advances in tech such as the implementation of the Lightning Network (aka private and instant transactions)
We've proven our abilities and intentions the hard way - by being around for close to 4 years now with no intention of slowing down.
A partnership with Changelly that will allow people to switch between different cryptocurrencies instantly and anonymously.
A roadmap that's chock-full with projects that will transform NavCoin from a simple currency to a privacy platform with the ability to build anonymous distributed apps.
How do I buy NavCoin?
The cheapest way to get NAV is through an exchange.
Buy Bitcoin or Ethereum - for example using LocalBitcoins
Join an exchange such as Poloniex, Bittrex or Binance and transfer your Bitcoins to your account. Some exchanges require verification for trading or withdrawing.
Once there find a NavCoin trading pair (such as BTC-NAV or ETH-NAV) and make a transaction. You set the price you want to pay and how much you want and wait until someone matches that offer.
You now have your NAV! The next step is to send this to your wallet and start staking. Tutorials for setting up a wallet are available here.
Where can I get more information about the project?
If you want to get involved in the community, have development or marketing ideas or need technical assistance it is best to join our Discord-Server. For other inquiries you can send a mail to [email protected].
How can I involved in the community?
We highly recommend joining our Discord-server to connect with the team and community. Other social media sites you can check out are:
Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 BTC every 10 minutes, mining from their bedrooms. Successfully mining just one Bitcoin block, and holding onto it since 2010 would mean you have $450,000 worth of bitcoin in your wallet in 2020. QUICK TIP. Unless you have access to very cheap electricity, and modern mining hardware then mining isn’t ... Jun 10, 2019 - Explore James isreal's board "Bitcoin mining hardware", followed by 176 people on Pinterest. See more ideas about Bitcoin, Bitcoin mining hardware, Bitcoin mining. Bitcoin does not have any referral system; anyone with required equipment can connect to the network: Pi Network runs on app: Bitcoin does not run on app: Pi Network app relays ads; it is expected that the ad revenue is going to used to increase the value of network and the coins in future: Bitcoin does not run any ads on its nodes 3. Notable Mining Hardware Companies Bitmain Technologies. The most well-known mining hardware manufacturer around, Bitmain was founded in 2013 in China and today has offices in several countries around the world. The company developed the Antminer, a series of ASIC miners dedicated to mining cryptocurrencies such as Bitcoin, Litecoin, and Dash. Bitcoin is not the only mineable coin that helps you to make a profit. Changelly lists more than 160 coins and we know what we are talking about. We’ve prepared a list of ‘10 most profitable mineable coins’ that is going to show there is a bunch of great altcoins for profitable mining in 2020. You can earn cryptic money by mining, without having to deposit money.However, you certainly don't have to be a miner who has his own encryption. You can also buy crypto by using the Fiat currency (USD, EUR, AUR, etc.); you can trade on a stock exchange like Bitstamp using another crypto (for example: Using Ethereum or NEO to purchase Bitcoin); You can even win by playing video games or by ...
Raspberry Pi Bitcoin Mining For 12 Hours! - YouTube
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