PPC vs NVC

[Destiffmast]

For reference I am new to the world of crypto currency and really enjoying learning about it, even considering a good investment to start mining properly!

My question here is - since PPC and NVC are based on the same program how come 1 coin of NVC is worth so much and PPC so little?   

If the total supply for NVC was the same as PPC would they be at same price?

Total noob question I know, but if someone cares to explain its very appreciated 

[FuzzyBear]

For reference I am new to the world of crypto currency and really enjoying learning about it, even considering a good investment to start mining properly!

My question here is - since PPC and NVC are based on the same program how come 1 coin of NVC is worth so much and PPC so little?   

If the total supply for NVC was the same as PPC would they be at same price?

Total noob question I know, but if someone cares to explain its very appreciated 

I believe there are a LOT more PPC in the world than there are NVC is the short answer.

Also NVC has some dubious history in its elements.... mainly the premine that happened and a few people claiming of an unfair launch, but it was the first fork of PPC to use script and is much likt LTC was to BTC, NVC is to PPC.... But also the speed at which BTC-e accepted NVC on their exchange caused a number of people to speculate that there was some inside deal between Bathozar the developer and BTC-e and it looks most likely.  There has been a concerted effort by the NVC holders and exchange it seems to keep the NVC price stable and hence the price valuation of the coin.

I take it you are looking at a direct PPC to BTC price and comparing it to NVC to BTC.... this does not take into account the number of coins in existence... but also if you start to look at the % profitability to mine on dustcoin or coinchoose then this also gives slightly skewed reading as the popularity of the coin to the miners is not highlighted here.... the total hashrate on PPC was at least twice that of what was on NVC last time I looked but was a while ago... wonder what it is now.

Hope this helps give some insight into the factors to consider

FuzzyBear

[sahkan]

BTC-E received 100,000 NVC to put it up on the exchange (from the pre-mine) and after accusations ended up destroying the coins. I also don't agree that NVC is to PPC what LTC is to BTC, it is a scam coin that combined LTC & PPC ideas to make it look like a new "ligit" coin - no innovation just pure copy and paste + find "PPC" and replace with "NVC". So it is beyond me why people still buy it...

[FuzzyBear]

BTC-E received 100,000 NVC to put it up on the exchange (from the pre-mine) and after accusations ended up destroying the coins. I also don't agree that NVC is to PPC what LTC is to BTC, it is a scam coin that combined LTC & PPC ideas to make it look like a new "ligit" coin - no innovation just pure copy and paste + find "PPC" and replace with "NVC". So it is beyond me why people still buy it...

Yes no you are quite right and you portrayed my view better than i With comparing NVC to PPC and LTC to BTC i was merely trying to mighlight the fact that they did not actually change anything in the core code, only the hash used.. and yes as LTC's innovation was to use script, for NVC to use scrypt was no inovation at all... perhaps a better comparison is NVC is like feathercoin in that regard...

agreed though I have never mined Novacoin and have not bought any as well.... and I have hoarded a lot of different coins as well and would not know why people would with that one.

FuzzyBear

[craslovell]

Despite NVC's current exchange value, the egregious premine (which is a substantial percent of total coins in existence right now) has pushed me to avoid it altogether.

It just makes me feel that NVC has a bad "vibe" to it if you will... too many negatives, not enough positives.

As Fuzzy mentioned, the price is most likely propped up by people holding a ton of NVC. Of course they would have interest in keeping it stable.

Total coins in circulation between PPC and NVC is something close to 20 million PPC and 400K NVC, so there is indeed quite a gap there.

[d5000]

To the OP: The relevant number is called Market cap. You can see it, for example, at coinmarketcap.com. It's the total number of coins out there multiplied with the actual value in a fiat currency (USD, Euro, etc.). PPC has nearly double the market cap of NVC, and NVC seems to be in a bubble for now (it was a bit lower in the past months).

[Destiffmast]

Thank you all for your posts, very informative indeed.

[coolbeans94]

This is good information for new people to know, or people trying to learn about altcoins. I vote to Sticky

[FuzzyBear]

This is good information for new people to know, or people trying to learn about altcoins. I vote to Sticky

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