BitcoinHD BHD to Novacoin NVC Exchange

Crypto Pair Details: BHD to NVC

BitcoinHD BHD

Users can employ unused hard disk capacity to mine Bitcoins without the need for expensive mining rigs and other specialized hardware. Traditional mining hardware is energy intensive, noisy, produces a lot of heat, and is becoming increasingly specialized, moving beyond the means of ordinary people. With BHD, mining is simple and accessible. POW-based mining is all about raw computing power and energy output, whereas BHD's POC-based mining is far more energy efficient and returns to Satoshi Nakamoto’s original ideal that mining would be decentralized and performed by ordinary people. POC (Proof of Capacity) scans are only performed once every few minutes. For the rest of the time the hard disk is on stand-by with negligible power usage, greatly reducing energy costs. Based on capacity proof, it will support super-large blocks in the future and will add functions such as zero-knowledge proof. Solid-state drives are expensive, POC has no requirement for fast data processing, only capacity, so POC naturally eliminates ASIC chips. Currently, the amount of energy expended globally in POW mining is greater than the total energy output of 159 countries. The development of digital currencies shouldn’t have to be built on the wasting of resources. With BHD, POW calculations can be completed with a minimum of computing and energy resources.

Novacoin NVC

Novacoin is a hybrid Proof of work (POW) / Proof of stake (POS) decentralized peer-to-peer cryptocurrency.The Proof of Work part of Novacoin is based on the Scrypt hashing algorithm. Proof of Stake contributes to the coins energy efficiency, as there is no need for nodes to contribute mining power to part of the money creation process. As of now, Novacoin is set to be capped at 2 billion coins. However Novacoin stated that the cap limit may be lifted if the situation requires it. It looks very much like a variation of Sunny King Peercoin.

SOURCE: COINGECKO

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