|All Time High:|
|Market Cap: |
|The price of #NMC today is $1.20 USD.|
The lowest NMC price for this period was $0, the highest was $1.20, and the exact current price of one NMC crypto coin is $1.19553.
The all-time high NMC coin price was $8.19.
Use our custom price calculator to see the hypothetical price of NMC with market cap of BTC or other crypto coins.
|The code for Namecoin crypto currency is #NMC. |
Namecoin is 12.6 years old.
|The current market capitalization for Namecoin is $17,617,759.|
Namecoin is ranking downwards to #1091, by market cap (and other factors).
|The trading volume is modest during the past 24 hours for #NMC.|
Today's 24-hour trading volume across all exchanges for Namecoin is $32,971.
|The circulating supply of NMC is 14,736,400 coins, which is 100% of the total coin supply.|
A highlight of Namecoin is it's limited supply of coins, as this tends to support higher prices due to supply and demand in the market.
More Namecoin (#NMC) News
|Bitcoin Miners Brace for 4th Consecutive Difficulty Rise Amidst Hashrate...
Despite facing a formidable difficulty level of 61.03 trillion, bitcoin miners are gearing up for their fourth consecutive difficulty rise set to unfold on October 30, 2023. Surprisingly, the previous three surges in difficulty failed to thwart Bitcoin's hashrate, which soared to an all-time peak on October 12, 2023. What's even more interesting is that the recent epochs for block times have consistently outpaced the traditional ten-minute average.Bitcoin's Hashrate Skyrockets to Historic High Despite Rising Difficulty, 4th Increase Expected in 2 Days
The surge in bitcoin's (BTC) value has translated into burgeoning profits for miners, with the world's largest mining pools continuing to commit substantial hashpower to the network. On October 12, based on a simple moving seven-day average, Bitcoin's hashrate reached an unprecedented 456 exahash per second (EH/s), marking an epoch-making milestone.
As of now, the hashrate has stabilized around 443 EH/s, according to the seven-day average. Forecasts currently indicate an anticipated increase in difficulty of 2.21% to 2.5% by October 30. This follows the recent 6.47% uptick observed at block height 812,448 on October 16, as well as the two prior increments.
Notably, the current block intervals are consistently shorter than the typical ten-minute average, clocking in between eight minutes and 30 seconds and nine minutes and 48 seconds, indicating that 2,016 blocks will likely be mined faster than the two-week average.
|What are Altcoins? Definition & Different Types
What is an Altcoin?
The word “altcoin” is an abbreviated term meaning “alternative coin”. Altcoin is simply the name given to all the cryptocurrencies that aren’t Bitcoin.
Altcoins typically form in two ways. Either an independent developer pursues their own vision and develops a new cryptocurrency from the ground up or there’s developmental disagreement among the creators resulting in some deciding to split off to make their own.
For example, Litecoin splintered off from Bitcoin in 2011, believing that greater transaction speeds were the way forward.
This led to many of the established cryptocurrencies and altcoins sharing similar characteristics and operating systems – like Arbitrum using the Ethereum blockchain ledger and Solana using the same proof-of-work technology as Bitcoin — growing the number of alternative variants.
Types of Altcoin
There are many types of altcoins used for a variety of purposes. As some creators tried revolutionizing payments and increasing transaction speeds, others developed altcoins and cryptocurrencies for more niche functions.
The main types of altcoins are:
Bitcoin is a mining-based coin. This means that a team of professional miners use software to solve mathematical equations to verify blocks of transactions — when a block is verified, the miner receives a small part of a bitcoin as a reward.
As well as the two giants, Bitcoin and Ethereum, man...
|Bitcoin's Sats Names Ecosystem Flourishes: 370,000 SNS Names Inscribed
On June 26, 2023, the number of Bitcoin-based Ordinal inscriptions surpassed 14 million, just six days after exceeding 13 million. Inscription activity has continued to rise since then. In addition to text, non-fungible tokens (NFTs), and fungible BRC20 tokens, Ordinal inscription technology has ushered in a new naming standard called Sats Names, built on top of the Bitcoin blockchain.Bitcoin's Sats Names Emerge
According to statistics, in June 2023, Ordinal inscriptions surpassed the 14 million mark. As of July 1, 2023, there are now over 14.41 million inscriptions. So far, this trend has provided bitcoin miners with an additional 1,799.65 BTC, equivalent to roughly $54 million in inscription-related fees.
The vast majority (86%) of these inscriptions are simple plain text, while the remaining inscriptions are various file types such as JPGs and PNGs. Furthermore, Ordinal inscriptions have catalyzed the emergence of a new form of Bitcoin-based tokens under the BRC20 standard.
Recently, new concepts such as 'rare satoshis' or 'satributes' have emerged, along with a new trend known as Sats Names. Sats Names, also referred to as SNS, is a standard for creating human-readable names on the Bitcoin blockchain using Ordinal inscription technology.
This allows users to mint names with appended extensions like .sats and .xbt. For example, a user could choose a name like satoshi.sats or jimmy.sats. The guidelines specify that each ordinal can have only one name, and any UTF-8 charact...
|While Bitcoin's Hashrate Remains Sky-High, Merge-Mined Crypto Asset Netw...
In recent times, Bitcoin's hashrate has been consistently above 300 exahash per second (EH/s) as multiple mining pools dedicate significant hashpower to the Bitcoin blockchain today. Interestingly, some of the world's top bitcoin mining pools are also using their hashrate to merge-mine other coins, and these networks have benefited from bitcoin's increased hashrate.How Bitcoin's Hashrate Benefits Other Crypto Networks
Bitcoin's hashrate secures the network and provides rewards for miners participating in the system, but mining pools also dedicate computational power to networks like Namecoin, Elastos, Emercoin, and Vcash. For example, Namecoin has a hashrate of around 187 EH/s today, and some of the top bitcoin mining pools merge-mine the network to acquire namecoin (NMC) rewards.
Merge mining is a process in which miners can mine various cryptocurrencies at the same time without any additional cost. Merged mining is similar to a person playing Pac-Man and Asteroids at the same time, using the same joystick and earning rewards for both games. Namecoin was the first cryptocurrency project to be merge-mined, as it shares the same SHA256 algorithm as Bitcoin, and the first merge-mined block on the network was mined on Sept. 19, 2011.
Bitcoin pools that dedicate hashrate to the Namecoin chain include F2pool, Viabtc, Poolin, and Mining Dutch. While F2pool is the fourth largest bitcoin mining pool over the last three days, it's the largest namecoin miner as it dedicates its entire...
|Crypto Economy Swelled 80,466% Since 2013, Despite $1.5 Trillion Loss in...
Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets, and bitcoin's overall valuation was $1.24 billion, with 11.13 million bitcoins in circulation at the time. Today, the same website indicates that there are 22,709 crypto assets. Additionally, the market capitalization of the crypto economy has grown significantly, increasing by 80,466% since 2013.The Evolution of the Crypto Economy: From 14 Coins to 22,709 Coins
Although over $1.5 trillion has been lost from the crypto economy since its peak in November 2021, its market capitalization has still increased by more than 80,466% since 2013. A snapshot of coinmarketcap.com (CMC) hosted on archive.org shows that, in 2013, there were 14 coins listed on the website. These included bitcoin, litecoin, peercoin, namecoin, feathercoin, terracoin, devcoin, freicoin, novacoin, chncoin, bbqcoin, mincoin, bitbar, and ixcoin. Together, the value of these crypto assets on May 9, 2013, was just over $1.32 billion.
Of course, many of these coins have been forgotten and a great number of today's top crypto assets did not exist back then like ethereum, bnb coin, solana, cardano, tether, usd coin, and avalanche. Stablecoins did not exist at that time and today, they represent $137 billion in value out of the current $1.06 trillion crypto economy. On May 9, 2013, BTC was trading for a whole lot less than it is today as it was exchanging hands for $111.87 per coin. There were only 11.13 million BTC i...
|New Math Startup Nillion Raises $20M From Over 150 Strategic Contributor...
[Pr - New York, New York, 12th December, 2022, Chainwire]
Investors bet on new internet infrastructure that the Founding Team of Uber, Indiegogo and Hedera Hashgraph think could create the next crypto bull run
Web3 startup Nillion has closed a $20m+ fundraise from strategic partners and investors. The project is based on a new mathematical innovation, invented by cryptography professor Dr. Miguel de Vega, called Nil Message Compute (NMC) which enables the creation of a non-blockchain decentralized network that aims to open up new, non-blockchain, decentralized use cases.
Since its founding in November 2021, Nillion has bootstrapped to a headcount of over 40 with no external funding. Members of the Founding Teams of Uber, Indiegogo and Hedera Hashgraph, as well as key executives from Coinbase and Nike have joined forces at Nillion to build the platform. The company aims to become the first non-blockchain decentralized network designed to enable new decentralized use cases while providing the private and secure transfer, storage and computation of data.
Nillion CEO, Alex Page, reports that raising $20m+ from over 150 investors was a conscious decision to prevent typical concentrated ownership amongst a small number of venture capitalists who may have adverse incentives to ‘dump’ in the long-term:
“We’ve seen so many web3 projects suffer because their network was owned by early investors with excessively concentrated holdings. That’s exactly w...
|Nillion Hires Top Coinbase and Bloomberg Lawyer Lindsay Danas Cohen as G...
[PRESS RELEASE - New York, USA, 10th October 2022]
A Breakthrough in Mathematics Enables New, Non-blockchain, Web3 Use Cases that Go Beyond Traditional Distributed Ledgers, Crypto and Encryption
Leadership Includes Founding Engineer of Uber, Founder of Indiegogo, Founding CMO of Hedera Hashgraph, Head of Innovation Partnerships at Nike and Others.
Much-anticipated web3 startup Nillion announces the appointment of Lindsay Danas Cohen as General Counsel. Danas Cohen, a former top lawyer at Coinbase and Bloomberg, joins a team of technology leaders including CTO Conrad Whelan, the Founding Engineer of Uber, that is using breakthrough technology to create the first fully decentralized secure multi-party computation (MPC) network in web3.
By leveraging new, non-blockchain, proprietary technology, called Nil Message Compute (NMC), Nillion is able to fragment data into hundreds of pieces that are distributed across the Nillion network. The network enables an innovative way to protect private and sensitive data while still allowing for scalable computations to be run on the fragmented data. This cutting-edge solution is faster, more private and more secure than both existing blockchain technology and encryption. It allows for the quantum-proof, Information-Theoretic Secure storage and computation of sensitive information, including passwords, private keys, medical data, financial information and much more.
“The innovative technology underlying Nillion is introducing privacy as ...
|These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Mo...
Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, as the top miner raked in $79.53 per day in profits. Today's top mining rig, with Ethereum out of the picture, accrues roughly $69.41 per day mining kadena.Today's Top 7 Mineable PoW Algorithms Include Kadena, Scrypt, Cuckatoo32, Blake2B-Sia, X11, Equihash, and SHA256
According to the latest data from asicminervalue.com, the PoW consensus algorithm is no longer the most profitable consensus scheme to mine since the Paris upgrade triggered Ethereum's Merge. Since September 15, Kadena has become the most profitable consensus algorithm this year. Bitmain's application-specific integrated circuit (ASIC) mining rig, the Antminer KA3, gets an estimated $69.41 per day with electricity costs at $0.12 per kilowatt hour (kWh). Miners mine the PoW blockchain Kadena (KDA) and the Antminer KA3 produces an estimated 166 TH/s.
Kadena's network hashrate is around 0.21 exahash per second (EH/s) or 212.8632 petahash per second (PH/s). The second most profitable consensus algorithm using an ASIC mining rig is Scrypt, the consensus scheme associated with litecoin (LTC) and dogecoin (DOGE). Besides DOGE and LTC, a handful of other dig...
|Top 10 PoW Dominance Evaporates 9 Years Later, Only Two Proof-of-Work Co...
The crypto community is patiently waiting for the highly anticipated Ethereum network upgrade from proof-of-work (PoW) to proof-of-stake (PoS) as The Merge is expected to happen 27 days from now. After Ethereum transitions from PoW to PoS, only two crypto assets in the top ten market cap rankings will be PoW tokens, which is a stark contrast to the top ten nine years ago. The PoS Age Begins: Proof-of-Work Crypto Assets Disappear From Top Ten Market Cap Standings
This year, for the first time in crypto history, three stablecoins entered the top ten largest market cap positions. During the first week of May, Terra's stablecoin UST made it into the top ten alongside USDT and USDC, but after UST's depegging incident, the token fell from the top ten coin rankings. After UST's implosion, the Binance Smart Chain-issued BUSD stablecoin joined the top coins by valuation and today, three stablecoins remain in the top ten.
That wasn't the case nine years ago, on August 18, 2013, as there were no stablecoins in the top ten, because the stablecoin trend was not prevalent at all back then. In 27 days, Ethereum will change from PoW to PoS after operating as a PoW chain for seven years, and when that happens, only two coins in the top ten will be PoW tokens. The last standing top two PoW crypto tokens in the top ten will be bitcoin (BTC) and dogecoin (DOGE). This trend was also not prevalent nine years ago in 2013, when the top ten crypto tokens were mostly PoW coins.
On August 18, 2013, bit...
|Bitcoin's Sinking Price Pushes Hashrate Below 200 Exahash, Mining ...
While bitcoin's price dropped below the $20K region, the network's hashrate slipped under the 200 exahash per second (EH/s) region to 167 EH/s on June 18. At the time of writing, the hashrate is coasting along at 184 EH/s after a slight rebound following the drop. With the price per bitcoin lower this week and the hashrate dropping, bitcoin miners may get a break in four days as the network's difficulty adjustment algorithm (DAA) is expected to slide 2.8% lower than today's current mining difficulty metric.Bitcoin's Hashrate Slides Lower Amid Price Drop, DAA Expected to Shift Downward in 4 Days
It is becoming less profitable for bitcoin miners this week as the price of bitcoin (BTC) slid to a low of $18,732 per unit on June 18, 2022. The price of bitcoin has not been this low since December 2020 and the exchange rate has caused the hashrate to slide roughly 15% during the past 24 hours.
The hashrate has not tapped a low of 167 EH/s since the first week of March 2022, as a great majority of the time it remained well above the 200 EH/s zone. At the time of writing, the hashrate is around 184 EH/s or 8% lower than the 200 EH/s region.
Bitcoin's fiat exchange rate has made it so a great number of application-specific integrated circuit (ASIC) mining rigs are currently unprofitable. With electricity costs at $0.12 per kilowatt-hour (kWh), only three ASIC devices are profitable today.
Bitmain's Antminer S19 XP with 140 terahash per second (TH/s) gets an estimated $2.91 in BTC prof...