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IXCoin

IXC

iXcoin

Algorithm:

What is iXcoin?

iXcoin was released in April of 2011 in a manner similar to Bitcoin. The creator used the pseudonym of Thomas Nasakioto and has kept a very low profile after the first six months or so. It is essentially a clone of Bitcoin, with the same 10 minute block times and 21 million coin maximum.

What makes iXcoin different from Bitcoin is its merged mining capability. Early in 2012 iXcoin added merged mining to boost its mining support. Some complain that Bitcoin, although revolutionary as a currency, wastes energy because it must be “mined” continuously to produce new coins and to secure it from network attacks. Mining requires significant computing power, but merged mining, it can be argued, puts iXcoin in the green category because it shares mining power with Bitcoin and other merged mined coins. Such mining allows multiple crypto-currencies to be secured by sharing 99% of their computing resources with each other. Thus the “added” computing power required by iXcoin is quite low. Merged mining is green mining.

What sets iXcoin apart from other crypto-currencies? iXcoin is in a unique position. It has a fixed 21 million coin maximum for the number of coins which will ever be created. Many of the other leading coins do not have a fixed cap. A definite maximum gives investors the ability to better gauge long term value, and removes any fear that inflation from oversupply will eat away at the value of their coins. Such has been the dilemma for decades with traditional government backed currencies, and iXcoin will not repeat such mistakes. Furthermore, about 98% of competing coins have lower network hash rates and are therefore less secure. This leaves iXcoin in a unique position of being one of the oldest, most mined, most secure, and most efficient of the crypto-coins.

Release date: August 10th, 2011

Specifications

  • Launched (first block mined): April 29, 2011
  • 21 million maximum coin cap
  • 10 minute block times
  • 2016 block difficulty reset period
  • 96 coin block reward

CoinChoose info

Current Blocks280298
Difficulty676220463.0090741
Reward96 IXC
Network hashrate H/s
Adjusted ratio5.81048670654 % BTC
Avgerage Profit7.072861883689204 % BTC
Avgerage Hash H/s
ExchangePrice
C-CEX 0.00001000 BTC
Cryptsy 0.00014308 BTC
Poloni EX no API

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