aurumcoin

aurumcoin

(AU)

Not Available

Market Data For aurumcoin

Current Price $0.0000
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Asic Miners For aurumcoin

Name Hashrate Power Noise Algo
Hummer Miner H10 135 TH/s 3450W 75db SHA-256
MicroBT Whatsminer M30S++ 112 TH/s 3472W 75db SHA-256
Antminer S19 Pro (110Th) 110 Th/s 3250W 75db SHA-256
Bitmain Antminer S19j Pro (100Th) 100 TH/s June 2021 75db SHA-256
MicroBT Whatsminer M30S+ 100 Th/s 3400W 75db SHA-256
Bitmain Antminer S19 (95Th) 95 TH/s 3250W 75db SHA-256
Canaan AvalonMiner 1246 90 TH/s 3420W 75db SHA-256
BITMAIN ANTMINER S19J (90 TH/S) 90 TH/s 3250W 75db SHA-256
MicroBT Whatsminer M30s 86 TH/s 3268W 72db SHA-256
Bitmain Antminer T19 (84Th) 84 TH/s 3150W 75db SHA-256
Canaan AvalonMiner 1166 Pro 81 TH/s 3276W 75db SHA-256
Bitmain Antminer S17+ 76Th 76 TH/s 2920W 75db SHA-256
Bitmain Antminer S17+ (73Th) 73 TH/s 2920W 75db SHA-256
StrongU Hornbill H8 74 TH/s 3330W 76db SHA-256
Bitmain Antminer S17+ 70TH 70 TH/s 2800W 75db SHA-256
Asic Miner 8 Nano Pro 76 TH/s 4000w 48dB SHA-256
MicroBT Whatsminer M31s 70 TH/s 3220W 75db SHA-256
CHEETAH MINER F5+ 66T 66 TH/s 2838W 75db SHA-256
MicroBT Whatsminer M32 68T 68 TH/s 3312W 75db SHA-256
MicroBt Whatsminer M20s (64Th/s) 68 TH/s 3360W 75db SHA-256
Bitmain Antminer S17e (64Th) 64 TH/s 2880W 80db SHA-256
Bitmain Antminer T17+ (64Th) 64 TH/s 3200W 75db SHA-256
StrongU STU-U8 Pro 60 TH/s 2800W 76dB SHA-256
ASICminer 8 Nano S 58Th 58 TH/s 2500W 47db SHA-256
Cheetah Miner F5i-60T 60 TH/s 2820W 72db SHA-256
Bitmain Antminer S17 Pro (53Th) 53 TH/s 2094 W 82 db SHA-256
Bitmain Antminer S17 (56Th) 56 TH/s 2520 W 82 db SHA-256
Bitmain Antminer S17 Pro (50Th) 50 Th/s 1975 W 82 db SHA-256
Bitmain Antminer S17 (53Th) 53 TH/s 2385 W 82 db SHA-256
Innosilicon T3+ 57T 57 Th/s 3300W 75db SHA-256
Bitmain Antminer T17e (53Th) 53 TH/s 2915W 82dB SHA-256
Bitfury Tardis 80 Th/s 6300W 80db SHA-256
Ebang Ebit E12+ 50 TH/s 2500W 75db SHA-256
MicroBt Whatsminer M21s (56Th/s) 56 TH/s 3360W 75db SHA-256
MicroBt Whatsminer M10s 55 TH/s 3500W 75db SHA-256
Ebang Ebit E11++ 44 TH/s 1980W 75db SHA-256
ASICminer 8 Nano 44Th 44 TH/s 2100W 47db SHA-256
Innosilicon T3 50T 50 TH/s 3100W 75db SHA-256
Innosilicon T3 43t 43 TH/s 2100W 75dB SHA-256
Canaan AvalonMiner 1066 50 Th/s 3250W 75db SHA-256
Hummer Miner H7 Pro 53Th 53 TH/s 3445W 74db SHA-256
Ebang Ebit E12 44 TH/s 2500W 75db SHA-256
Innosilicon T3 39T 39 TH/s 2150W 75db SHA-256
Hummer Miner H7 Pro 48Th 48 TH/s 3120W 72db SHA-256
ASICminer 8 Nano Compact 40 TH/s 2300W 47db SHA-256
Bitmain Antminer T17 (40Th) 40 Th/s 2200 W 82 db SHA-256
Ebang Ebit E11+ 37 TH/s 2035W 75db SHA-256
Canaan AvalonMiner 1047 37 Th/s 2380W 70db SHA-256
MicroBT Whatsminer M10 33 Th/s 2145W 75db SHA-256
MicroBT Whatsminer M21 (31Th/s) 31 TH/s 1860W 75dB SHA-256
Bitmain Antminer S15 (28Th/s) 28 TH/s 1596W 76dB SHA-256
Ebang Ebit E11 30 TH/s 1950W 75db SHA-256
Innosilicon T2 Turbo+ 32T 32 TH/s 2200W 72db SHA-256
Cheetah Miner F3 30 TH/s 2200W 65db SHA-256
Bitmain Antminer T15 23 TH/s 1541W 75db SHA-256
Holic H22 22 Th/s 1700W 70db SHA-256
Innosilicon T2 Turbo 24 Th/s 1980W 72db SHA-256
Bitfily Snow Panther B1+ 24.5 Th/s 2100W 75db SHA-256
Bitmain Antminer S11 (20.5Th) 20.5 Th/s 1530 W 76 db SHA-256
Innosilicon T2 Turbo 25T 23 TH/s 2050W 75db SHA-256
Bitfily Snow Panther A1 49 Th/s 5400W 82db SHA-256
GMO miner B3 33 Th/s 3417W 75db SHA-256
Canaan AvalonMiner 921 20 TH/s 1800W 65dB SHA-256
Bitfily Snow Panther B1 16 Th/s 1380W 75db SHA-256
Bitmain Antminer S9 SE (16Th) 16 Th/s 1280 W 76 db SHA-256
Innosilicon T2 Terminator 17.2 Th/s 1570W 72db SHA-256
Aladdin Miner 16 TH/s 16 Th/s 1400W 76db SHA-256
Halong Mining DragonMint T1 16 Th/s 1480W 75db SHA-256
Bitmain Antminer S9 Hydro (18Th) 18 Th/s 1728 W 45 db SHA-256
Canaan AvalonMiner 841 13.6 Th/s 1290W 65db SHA-256
Bitmain Antminer S9j (14.5Th) 14.5 Th/s 1350 W 76 db SHA-256
Canaan Avalon Miner 841 13.6 TH/s 1290W 65dB SHA-256
Bitmain Antminer S9i (14Th) 14 Th/s 1320 W 76 db SHA-256
Bitmain Antminer S9 (14Th) 14 Th/s 1372 W 85 db SHA-256
Ebang Ebit E10.3 24 TH/s 2640W 75db SHA-256
Antminer S9k (13.5Th) 13.5 Th/s 1310 W 76 db SHA-256
Bitmain Antminer S9 (13.5Th) 13.5 Th/s 1323 W 85 db SHA-256
Bitmain Antminer S9 (12.5Th) 12.5 Th/s 1225 W 85 db SHA-256
Ebang Ebit E9.3 16 Th/s 1760W 72db SHA-256
Ebang Ebit E9i 13.5 Th/s 1420W 74db SHA-256
Bitmain Antminer S9i (13Th) 13 Th/s 1280W W 76db SHA-256
Bitmain Antminer S9 (11.5Th) 11.5 Th/s 1127 W 85 db SHA-256
Antminer S9 (13Th) 13 Th/s 1300W W 85db SHA-256
Canaan AvalonMiner 821 11.5 Th/s 1200W 65db SHA-256
Bitmain Antminer R4 8.7 TH/s 845 W 52 db SHA-256
Ebang Ebit E9.2 12 Th/s 1320W 70db SHA-256
Pantech SX6 8.5 Th/s 1000W 72db SHA-256
Bitmain Antminer T9 (11.5Th) 11.5 TH/s 1450 W 68 db SHA-256
Bitmain Antminer T9 (12.5Th) 12.5 Th/s 1576 W 68 db SHA-256
Bitfury B8 49 Th/s 6400W 85db SHA-256
Bitmain Antminer T9+ (10.5Th) 10.5 Th/s 1432 W 76 db SHA-256
Ebang Ebit E9+ 9 Th/s 1300W 75db SHA-256
Canaan AvalonMiner 741 7.3 TH/s 1150W 65dB SHA-256
Antminer S3 478 GH/s 366 W 60 db SHA-256
Bitmain Antminer S7-LN 2.7 TH/s 697 W 48 db SHA-256
MicroBT Whatsminer M3X 12.5 Th/s 2050W 78db SHA-256
MicroBT Whatsminer M3 12 Th/s 2000W 78db SHA-256
Bitmain Antminer V9 (4Th) 4 TH/s 1027 W 76 db SHA-256
Pantech WX6 34 Th/s 5000W 72db SHA-256
Bitmain Antminer S7 4.73 Th/s 1293W 62db SHA-256
Bitmain Antminer S4 2 TH/s 1450W 62db SHA-256
ALADDIN L2 (30TH) 30 H/s 2200W 72db SHA-256
Hummer Miner H9 Pro 80 H/s 3360W 75db SHA-256

Coin Data For aurumcoin

About aurumcoin

AurumCoin Review: Mining Guide, Price & Analysis of the AurumCoin Cryptocurrency

AurumCoin uses SHA-256, a consensus method of Proof of work. The main idea herein is a challenge and proof. The challenge is a transaction in form of a cryptographic puzzle. The proof is the cracking of the puzzle by the miner. When the puzzle is solved, the transaction is progressed and the miner provides their hardware for transaction validation. The more the hash power a miner possesses, the greater the reward earned.

AurumCoin

The mining hardware required for mining Aurum coin is Application Specific Integrated circuits (ASIC).

Aurum coin Price & AMP

At the start, the value of 1 Aurum Coin was equated to 1 gram of gold. The value was later calibrated equating 1 AU to 1 ounce of gold. 1 AU value is targeted to be higher than that of a Bitcoin. Eventually, the value of 1AU should be equivalent to 1KG of gold. AurumCoin market capitalization is currently at $544,875,169.

The current price of AU is 9.987 USD. Due to low market capping, AU's price is exposed to manipulation.

Analysis of Aurum coin

AurumCoin is an open-source digital cryptocurrency. It was started on September 23 in the year 2014. The developers of the coin include technocrats and economists. The identity of particular individuals however remains undisclosed. The goal of this coin was to speed-up payments across borders, bring the gold standard back as well as stabilizing the coin. Aurum Coin ticker symbol is AU. The coin has a maximum supply of 300,000 AU. Its block reward is 0.007813AU with a block time of one minute. The available supply of AU is currently at 298,423(AU).

AurumCoin is the first distributed open-source crypto that is gold-backed in accordance with the gold standard monetary system. The gold standard is the initial monetary system where currencies were staked in gold by a given proportion by a state. Users can buy the coin and convert it to another currency of choice.

AurumCoin

From its time of inception, the coin has combined innovative technology, global marketability of the dollar, and the lasting consistency in gold value.

The coin as well offers legitimacy and the unaffiliated option to available currencies. This way, AurumCoin has been able to offer stability in the monetary system.

The creators of the currency intended that Aurum Coin, being an international currency would allow seamless transactions from any device across the globe.

The most unique feature about this coin is that it is not geared to making money but is purposed to replace the money.

AurumCoin can be stored in special wallets for security purposes. The different types of wallets include mobile wallets, paper wallets, and desktop wallets. These wallets have private keys that ensure there is privacy, security as well as discretion when disposing of the cryptocurrency

 

AurumCoin started with an initial investment of 10,000 AU coins, 10,000 ounces of gold, and $5,000,000 for a technological upgrade. The goal was to reach 150,000 AU and a gold weight of 150 tons. Aurum Coin technology ventures in wallets, banking systems, code development, and trading sites.

Aurum Coin is staked on the gold standard and has built-in systems for economic and market stability. The company has so far achieved its first target of having its value of 1 AU equivalent to 1 gram of gold. By staking its value to gold, the coin is immune to inflation that occurs due to fluctuations in other currencies. This is the closest that a cryptocurrency has come to achieving stability.

The platform enables virtual selling of currencies in the unregulated market at a given price attached to gold.

Although AurumCoin is built on Bitcoins technology, it is different from Bitcoin in many respects;

Its value is equated to a natural element, unlike Bitcoin which is created through mining.

Aurum Coin has an inherent value as it is gold-backed. It is stable and not a speculative currency as compared to Bitcoin.

Aurum Coin value is clear and known by all users as it is not determined by the interplay of demand and supply.

Since AurumCoin is unaffiliated, the coin is globally acceptable and tradeable by any miner without compromising State standards or interests. However, security vaults for the gold are located in London, Zurich, Singapore, Dubai, New York, and Hong Kong.

Aurum Coin has limited and relatively cheaper conversion fees which makes it preferable to modern public banking facilities.

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The coin can be purchased from exchanges such as poloniex, Listex.io, and Crypto Hub.

AurumCoin prides itself in unique features such as; stability and immunity from fluctuation, global acceptability, compatibility with contemporary standard payment applications, coin duality as a digital and physical currency, free exchange fees, and promotion of equality through stripping powers off one-percenters.

Plans are underway for Aurum Coin to integrate its payment system with those of Google Wallet, credit card, PayPal, among others.

The performance of AU is not badly off and there is optimism that the platform will deliver on the upgrades and improvements they are working on.

However, the use of ASIC in mining AurumCoin is a limiting factor. This is because the hardware is cost and energy-consuming. As such, this coin could be a preserve for the elite only. AurumCoin should look for other mining alternatives that can make crypto mining more decentralized for ordinary users. The SHA-256 is not as technologically robust and is exposed to security breaches.

Our take

AurumCoin has developed its niche in the crypto market by creating a gold-backed currency. They have greatly incorporated the aspect of stability in the monetary system.

For investors interested in long-term investment, this platform is worth consideration. The fact that gold is a natural element and thus stable makes the coin even more alluring. This is an ideal venture for investors looking for crypto platforms that offer long-term profit and stability.

 

By using a gold standard, there is no information asymmetry as all miners know what is in for them for a given value of coins. This platform has transparency which we all know is integral in making crypto space-efficient.

The use of wallets essential for security and privacy purposes for Aurum Coin is an assurance to investors on the safety of their digital assets.

Investors in this platform can be assured of benefits such as holding liquefied gold whose value is not prone to inflationary tendencies.

The fact that AurumCoin is not attached to any country makes it a neutral and globally acceptable cryptocurrency. Users from across the globe can optimize this opportunity as the platform does not serve or undermine the interests of any state.

The uptake of the coins is an indicator that this coin is the next big thing in the crypto space. There are also several improvements and modification that the company is planning to make which could further enhance user experience.

However, investors should be cautious and alert even as they transact in this platform. The fact that AurumCoin is backed by a natural and finite element does not mean that the crypto is entirely exempted from security breaches. The SHA-256 algorithm used here is susceptible to attacks such as the 51% attack.

Since Aurum Coin is based on a gold standard that has an earlier history, users could use available information and history of experience to make predictions and decisions on how they want to transact in this platform.

 

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