Ethereum: Comparison of profitability for Quarkcoin and Primecoin
As the second largest currency of market capitalization, Ethereum (ETH) was a popular choice among miners due to the high capacity of the hash rate and the relatively stable block reward. However, when it comes to profitability, two more crypto currencies stand out: Quarkcoin (QKC) and Primecoin (PM). In this article, we will break into comparison of profitability between these three crypto currencies.
Quarkcoin (qkc)
Quarkcoin is a crypto currency of evidence that uses a new consensus algorithm called “Quarknet”. The network has a relatively high block award of a million QKC coins per block, with a total supply of 100,000,000 coins. Quarkcoin’s curve difficulty in mining is steep, making it more appropriate for major mining operations.
To give the idea of profitability of Quarkcoin mining, consider the following hash rates:
- Average daily scattering power: 10-20 th/s (terahash per second)
- Estimated Block Award: $ 100 to 200
Primecoin (PM)
Primecoin is another crypto currency of evidence with a high block award and a relatively low difficulty curve. His difficulty in mining is similar to Ethereum, but the block reward is slightly higher.
To put your hash rate in perspective:
- Average daily scattering power: 5-10 th/s
- Estimated Block Award: $ 50 to $ 100
Profitability Comparison
When comparing the profitability of Quarkcoin and Primecoin with Ethereum, it becomes clear that both currencies offer more favorable conditions for mining. Here’s a rough assessment of profit margins for each crypto currency:
| Currency | Block awards | Mining Difficulty | Hash rate |
| — | — | — | — |
| Ethereum (eth) | 10-20 th/s | High | Medium strong |
| Quarkcoin (QKC) | 1.000.000 QKC coins per block | Steep | Low-median |
| Primecoin (PM) | 500 000 PM coin per block | Moderate | Low |
Assuming the average daily scattering power of 15/1 for all three crypto currencies, we can evaluate the margin of profit:
- Ethereum: $ 1.50 to $ 3.00 daily
- Quarkcoin: 0.50 to $ 2.00 daily
- Primecoin: 2.00 to $ 5,00 daily
As you can see, profit margins for Quarkcoin and Primecoin are significantly lower than those in Ethereum because of higher difficulty in mining and a reward blocking.
Conclusion
Although Ethereum is still a popular choice among miners, Quarkcoin and Primecoin offer more favorable conditions for profitability. However, it is crucial to note that both crypto currencies require significant computer energy and energy consumption. If you are considering joining the cryptocurrency mining space, be sure to thoroughly explore every currency and consider factors such as the safety of network, scalability and harmony with regulation before making a decision.
Waiver
The information listed in this article are intended only by informative purposes and should not be considered as an investment advice. Conduct your own research and consult your financial advisers before investing in any cryptocurrency currency.