Proof-of-work coins

118 coins #6 Page 2

Proof of Work is how miners use computing power to solve puzzles, secure the blockchain, and earn rewards. More

# Coins Live Price Market cap 24h

The coins below are ranked lower due to missing data. Learn more

51 ScPrime SCP $ 0.0252
$ 350,306
$ 350,306
+3.00%
52 Fact0rn FACT $ 0.259
$ 242,064
$ 242,064
-3.46%
53 Shibacoin SHIC $ 0.0₅215
$ 213,997
$ 213,997
-3.94%
54 Phicoin PHI $ 0.000274
$ 90,217
$ 90,217
+0.00%
55 Tonoreum TOR $ 0.0₅410
$ 70,795
$ 70,795
+1.72%
56 BitcoinPoW BTCW $ 0.00751
$ 29,939
$ 29,939
-40.95%
57 ByteCoin BCN $ --
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58 Bitcoin Diamond BCD $ --
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59 Bytom BTM $ --
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60 Groestlcoin GRS $ --
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61 DigitalNote XDN $ --
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62 ZClassic ZCL $ --
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63 Litecoin Cash LCC $ --
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64 PrimeCoin XPM $ --
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65 FeatherCoin FTC $ --
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66 AEON AEON $ --
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67 Bismuth BIS $ --
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68 MyriadCoin XMY $ --
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69 PotCoin POT $ --
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70 Anoncoin ANC $ --
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71 NewYorkCoin NYC $ --
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72 QuarkCoin QRK $ --
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73 Lethean LTHN $ --
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74 Wood Coin LOG $ --
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75 Pakcoin PAK $ --
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76 BolivarCoin BOLI $ --
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77 Citadel CTL $ --
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78 XanaxCoin XNX $ --
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79 Enecuum ENQ $ --
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80 Iridium IRD $ --
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81 PluraCoin PLURA $ --
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82 Swap XWP $ --
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83 Ycash YEC $ 0.220
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-6.23%
84 FlapXcoin FLAPX $ --
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85 Archethic UCO $ --
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86 SparkPoint Fuel SFUEL $ --
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87 wownero WOW $ --
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88 Tres Chain TRES $ --
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89 SAFCOIN SAF $ --
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90 Aves AVS $ --
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91 BLOCX BLOCX $ --
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92 PVC Crypto PVCC $ --
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93 Hoosat Network HTN $ --
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94 SafeMineCoin SMCN $ --
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95 Digital Kash DKASH $ --
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96 Ore ORE $ --
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97 Sugarchain SUGAR $ --
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98 Luxchain LUX $ --
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99 CPUchain CPU $ --
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100 Altcoinchain ALT $ --
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Trending Proof-of-work coins

Top Gainers

Coins Live Price Market cap 24h
Zcash ZEC $ 493.47
$ 8.27B
$ 8.27 billion
+15.74%
DigiByte DGB $ 0.00272
$ 49.94M
$ 49.94 million
+8.03%
Dash DASH $ 38.84
$ 494.56M
$ 494.56 million
+7.95%
Bitcoin Cash BCH $ 216.59
$ 4.34B
$ 4.34 billion
+6.05%
Horizen ZEN $ 4.64
$ 84.09M
$ 84.09 million
+5.55%
All Gainers

Market Cap

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Pro Chart

What is a proof-of-work coin?

A proof-of-work (PoW) coin is a cryptocurrency that uses the proof-of-work consensus mechanism to validate transactions and add new blocks to its blockchain.
Miners compete to solve complex cryptographic puzzles; the first to find the solution broadcasts the new block, earns the block reward, and secures the network.
This process is intentionally energy-intensive and creates the “work” that makes rewriting history expensive.

How PoW Works (Step-by-Step)

  1. Transactions broadcast – users send coins; nodes collect them into a mempool.
  2. Hash puzzle – miners race to find a nonce that produces a hash below the current difficulty target.
  3. Winner broadcasts – the successful miner submits the new block; others verify the hash.
  4. Consensus & reward – once accepted, the miner receives newly minted coins + transaction fees.
  5. Difficulty adjustment – the network retargets puzzle hardness to keep block time stable (e.g., 10 min for Bitcoin).

Key Properties

  • Energy-intensive – Bitcoin alone uses ~150 TWh/year; criticism from environmental groups.
  • High security – 51% attack requires controlling >half of global hash power → expensive & detectable.
  • Decentralized minting – anyone with ASICs/GPUs can participate; no pre-mine or stake needed.
  • Fixed supply schedule – block rewards halve at set intervals (Bitcoin every 210,000 blocks).

PoW vs PoS (Snapshot)

Metric Proof-of-Work Proof-of-Stake
Energy use Very high (ASIC farms) Minimal (validators stake coins)
Entry barrier Hardware + electricity Capital (must buy & lock coins)
Attack cost Hash power + electricity 51% of staked coins
Finality time ~10–60 min (BTC, LTC) ~2–15 min (ETH, ADA)
Environmental tag “Dirty” “Green”

Major PoW Coins

Coin Launch Hash Algo Block Time Emission Curve
BTC 2009 SHA-256 10 min Halves every 4 yrs
LTC 2011 Scrypt 2.5 min Halves every 4 yrs
DOGE 2013 Scrypt (merge-mined) 1 min 10k DOGE per block (infinite)
ETC 2016 Ethash 13 sec Halves every 5 yrs
XMR 2014 RandomX 2 min Tail emission (0.6 XMR/block)

Benefits of PoW

  • Battle-tested security – 14 years of Bitcoin uptime; no successful 51% attack on BTC.
  • Fair launch – minting open to anyone with hardware; no ICO or pre-mine required.
  • Energy = security – electricity spent = real-world cost to rewrite history.
  • Supply predictability – halving cycles create transparent scarcity narrative.

Limitations / Criticisms

  • Environmental impact – Bitcoin uses ~0.6% of global electricity; ESG pressure on miners.
  • Scalability bottleneck – 7 TPS (BTC) vs 24,000 TPS (Visa); needs Layer-2 (Lightning, rollups).
  • Hardware arms race – ASIC monopoly pushes mining into data-center farms → centralisation risk.
  • Regulatory scrutiny – some jurisdictions ban PoW mining or tax energy heavily.

Final Thoughts

Proof-of-work remains the most battle-tested consensus mechanism, powering the top two cryptocurrencies by market cap and hashrate. While energy use and scalability concerns push newer chains toward proof-of-stake, PoW coins still offer unmatched security and a predictable monetary policy. Treat them as “digital commodities” with real-world energy backing—and keep an eye on Layer-2 solutions for scalability fixes.

Useful / Related Links