FAQ
Contents
Coin launch / structure
Why is RVN any better than <insert coin here>?
Some thoughts about the potential future direction of RVN have been captured in The Fenton Files (I'd personally really recommend a read through of that to help understand the background)
Are there Masternodes?
No.
When is the ICO?
There isn't going to be one.
Was it pre-mined?
No - it was announced on twitter
The devs should do <insert topic here> / Why aren't the devs doing <insert topic here>?
This is an open source project. You can do whatever you want with it. Read The Fenton Files for more thoughts about the coin. The devs are focused on the code development inline with the roadmap. Members of the community can build tools and websites around the coin that they think could be useful.
How come some people have 100,000's if it wasn't premined?
There were people that started when difficulty was well under 100 rather than where it is now. Some people rented hundreds of cloud CPU's to mine it before the GPU miner software was even developed for the community. Some have still have huge gpu rigs pointed at pools. All coins in circulation have been generated the same way, fair mining.
Trading Questions
When will RVN be on an exchange?
It's on a decentralized exchange: https://wallet.crypto-bridge.org/market/BRIDGE.RVN_BRIDGE.BTC
When will RVN be on more / better exchanges?
When the coin is ready, or someone lists it. It's an open source project so anyone can pay for it's listing on any exchange. The general consensus at the time of writing is to wait until the technology of the coin is further developed.
What's the going rate for RVN?
Check the crypto-bridge link above.
How can I mine Raven?
At a high level:
- Read the getting started article on virtopia.ca
- Download the wallet from github, install and get a receiving address
- Select a pool from the Pools list
- Download the GPU miner from github, unzip, and edit the batch file to include the pool you want to mine on and put your wallet address in the start up script....run the batch file.
For more details reading Mining
Can I mine with my CPU / CPU or GPU mining which is better?
Yes you can mine with your CPU however you're unlikely to earn many Ravencoin. The net hash is now pretty large so a single CPU isn't going to contribute much. Obviously, if you've got a lot of CPU's or high-end ones you many earn more. Generally, people are running GPU's in one of the Pools.
Which pool is best?
All the Pools are pretty good, and as with most things tech they all have issues from time to time. On average you'll get a larger share of fewer blocks with the smaller pools and a smaller share of more blocks with the larger pools. There are support channels for most of the pools on discord. The pools can be compared here.
Community type questions
What's the link for Ravencoin Community Discord?
How do I do xyz with the wallet?
Many questions about the wallet can be answered by searching the same question for the Bitcoin wallet. The Bitcoin wiki and Bitcoin on StackOverflow are two great resources which might already have answers to your question.
where is the wallet.dat file?
https://en.bitcoin.it/wiki/Data_directory
