Joulecoin (XJO) is a cryptocoin that functions on the SHA-256 algorithm. Joulecoin is based on Bitcoin and is designed to provide quick confirmations and transaction comments. To begin mining and trading this alternative cryptocurrency, a Joulecoin Wallet is needed. Find the Windows wallet available for download on its website to be able to buy, sell, and store XJO.
Joulecoin (XJO) is traded in Coinex and Cryptsy exchanges. However, it’s only included in the Bitcoin market currently. The Joulecoin Price/Value can be considered weak despite the upward trend of the Joulecoin Exchange rate. In effect, this cryptocoin experiences instability in its exchange rate as it suffers from big fluctuations.
What’s interesting about Joulecoin mining is that the block reward can go as low as 0.001 coins. With the block currently providing 16 coins, it would be advisable to mine solo now before the block reward reaches its limit. This is bound to happen as the reward is trimmed in half every two years. That’s why it’s better to take part in mining while each block is still worth 16 KJO.
There’s also an option to join a Joulecoin Mining pool, where you can earn a percentage of the total block reward. Keep in mind, though, that there are certain pool fees and other requirements when you mine in pools. To find available pools that allow Joulecoin mining, simply check out the advertised pools on this cryptocoin’s website.
As planned, there will be a total of 45 million coins to be produced, and only 147, 834 blocks have been generated. This means that there are still plenty more blocks that need to be processed, so many more tasks still await existing and future Joulecoin (XJO) miners.
Miners should also note that a Joulecoin Difficulty of more than 20,000 is posted with almost 150,000 generated blocks. And with a high Difficulty Fluctuation, miners should already be able to gauge how constant or irregular they will earn coin rewards.
To strategically plan your mining, use a Joulecoin Calculator to compute your mining profitability in the long run. By taking note of the Difficulty, Exchange Rate, Block Reward along with other details like Hash Rate, Pool Fees, Power, Power Cost, and Hardware Costs, you can see your estimated expected earnings in your desired time frame.
But should you feel mining alone won’t do it for you, then it would be worth it to look for a Joulecoin Faucet online. This will provide you with limited free coins as you need to wait for cooldown periods, which regulates and prevents abuse.