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Obsidian Coin (OBN) is a cryptocurrency created as a Litecoin fork. It operates on a proof of work (POW) system, meaning miners must solve a numerical problem to find a block. To generate a new block, at least 4MB of transactions must be verified. Obsidian Coin uses the ‘SCRYPT’ algorithm to solve the POW numeric equation known as the block hash.
With a block time of 72 seconds and a block maturity of 41 blocks, Obsidian Coin aims to provide efficient and secure transactions. It has a maximum supply of 168,000,000 OBN, and no pre-mining was conducted. Each block rewards miners with 100 OBN. Obsidian Coin has a strong and active network with a network hash rate of 67.337 GH/s and a circulation supply of 12,985,000 OBN.
For users interested in mining Obsidian Coin, it is recommended to use ASIC miners. Mining can be done on platforms like altcoinspool.com, and the process can be easily configured on ASIC firmware like the L7 Antminer. Additionally, users can rent hardware miners from platforms like NiceHash and MiningRigRentals, ensuring compatibility with the SCRYPT mining algorithm.
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