Need Help?

Join The Community

20 Days
Antminer S19Pro 20Days
Service Fee
The service fee refers to the operation and maintenance expenses incurred by 1024Mining to ensure the stable operation of the mining machine.
Hashrate fee
Cloud computing power fees refer to the fees paid when purchasing computing power through cloud services.
Sold 30%
Buy Now
The Bitcoin Cash
fork has been completed.
15 November 2020, 12:00 UTC
event block height
current block height
block time
Trading price
GRIN 3.12 m
total market
422.183 k

Ravencoin Production Cut

Ravencoin is similar to the Bitcoin blockchain in that every 21 million blocks , the block reward is halved. Ravencoin produces a block approximately every minute, so it is calculated that the output will be reduced approximately every 4 years, and Ravencoin will continue to maintain the production halving after every 21 million blocks until the reward is no longer halved.

The current Ravencoin block reward is 5000 RVN, and it is expected that after the halving in January 2022, the block reward will be reduced from 5000 RVN to 2500 RVN .

Why do you want to do this?

Traditional fiat currencies cause inflation after the government or banks print money, while in Ravencoin, the total supply of money will be limited to 21 billion RVN , issuing additional currency will cause inflation, but if not, with As demand increases, the price of Ravencoin should increase (more people will start using Ravencoin) as the demand for the coin increases but the money supply will decrease (no additional Ravencoins will be “issued”).

Scroll to Top