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StrongHands

(SHND)

Not Available

Featured Asic Miner

WhatsMiner M63S
390 TH/s, 7215 W

Featured Asic Miner

Bitmain Antminer S21 Hydro
335 TH/s, 5360W

Featured Asic Miner

WhatsMiner M66
280 TH/s, 5572W

Market Data For StrongHands

Current Price $0.0000
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Asic Miners For StrongHands

Name Hashrate Power Noise Algo
WhatsMiner M63S 390 TH/s 7215 W 50 SHA-256
Bitmain Antminer S21 Hydro 335 TH/s 5360W 50db SHA-256
WhatsMiner M66 280 TH/s 5572W 50db SHA-256
MicroBT Whatsminer M53S 260 TH/s 6760W 50db SHA-256
Bitmain Antminer S19 XP Hyd (255Th) 255 TH/s 5304W 50db SHA-256
MicroBT Whatsminer M33S++ 242 TH/s 7260W 40db SHA-256
Antminer S21 Pro (234Th) 234 TH/s 3530 75db SHA-256
Antminer T19 Pro Hyd (235Th) 235 TH/s 5170W 30db SHA-256
Bitmain Antminer S19 Pro+ Hyd (198Th) 198 TH/s 5445W 50db SHA-256
Antminer S21 (200Th) 200 TH/s 3550W 75db SHA-256
Antminer T21 (190Th) 190 TH/s 3610W 75db SHA-256
WhatsMiner M60S 186 TH/s 3441W. 75db SHA-256
Bitmain Antminer S19 Pro Hyd (177Th) 177 TH/s 5221W 50db SHA-256
WhatsMiner M60 172 TH/s 3422W 75 SHA-256
Bitmain Antminer S19 XP (140Th) 140 TH/s 3010W 75db SHA-256
Bitmain Antminer S19k Pro (136Th) 136 TH/s 3264W 75db SHA-256
Hummer Miner H10 135 TH/s 3450W 75db SHA-256
Canaan Avalon Made A1366 130 TH/s 3250W 75db SHA-256
Bitmain Antminer S19j Pro+ (120Th) 122 TH/s 3300W 75db SHA-256
MicroBT Whatsminer M30S++ 112 TH/s 3472W 75db SHA-256
Antminer S19 Pro (110Th) 110 Th/s 3250W 75db SHA-256
MICROBT WHATSMINER M30S++ (110TH/S) 110 TH/s 3410W 75db SHA-256
Canaan Avalon Made A1346 110 TH/s 3300W 75db SHA-256
iPollo B2 110 TH/s 3250W 75db SHA-256
MICROBT WHATSMINER M30S++ (108TH/S) 108 TH/s 3348W 75db SHA-256
MicroBT Whatsminer M30S+ 100 Th/s 3400W 75db SHA-256
Bitmain Antminer S19j Pro (100Th) 100 TH/s June 2021 75db SHA-256
Bitmain Antminer S19 (95Th) 95 TH/s 3250W 75db SHA-256
BITMAIN ANTMINER S19J (90 TH/S) 90 TH/s 3250W 75db SHA-256
MicroBT Whatsminer M30s 86 TH/s 3268W 72db SHA-256
Bitmain Antminer T19 (84Th) 84 TH/s 3150W 75db SHA-256
iPollo B1 85 TH/s 3400W 75db SHA-256
Canaan AvalonMiner 1166 Pro 81 TH/s 3276W 75db SHA-256
Bitmain Antminer S17+ 76Th 76 TH/s 2920W 75db SHA-256
Bitmain Antminer S17+ (73Th) 73 TH/s 2920W 75db SHA-256
Bitmain Antminer S17+ 70TH 70 TH/s 2800W 75db SHA-256
MicroBT Whatsminer M31s 70 TH/s 3220W 75db SHA-256
MicroBT Whatsminer M32 68T 68 TH/s 3312W 75db SHA-256
MicroBt Whatsminer M20s (64Th/s) 68 TH/s 3360W 75db SHA-256
Innosilicon T3+Pro 67T 67 TH/s 3300W 75db SHA-256
CHEETAH MINER F5+ 66T 66 TH/s 2838W 75db SHA-256
Bitmain Antminer S17e (64Th) 64 TH/s 2880W 80db SHA-256
Bitmain Antminer T17+ (64Th) 64 TH/s 3200W 75db SHA-256
ASICminer 8 Nano S 58Th 58 TH/s 2500W 47db SHA-256
Innosilicon T3+ 57T 57 Th/s 3300W 75db SHA-256
MicroBt Whatsminer M21s (56Th/s) 56 TH/s 3360W 75db SHA-256
Bitmain Antminer S17 (56Th) 56 TH/s 2520 W 82 db SHA-256
MicroBt Whatsminer M10s 55 TH/s 3500W 75db SHA-256
Bitmain Antminer S17 (53Th) 53 TH/s 2385 W 82 db SHA-256
Bitmain Antminer S17 Pro (53Th) 53 TH/s 2094 W 82 db SHA-256
Bitmain Antminer T17e (53Th) 53 TH/s 2915W 82dB SHA-256
Hummer Miner H7 Pro 53Th 53 TH/s 3445W 74db SHA-256
MICROBT WHATSMINER M21S (52TH/S) 52 TH/s 3120W 75db SHA-256
Bitmain Antminer S17 Pro (50Th) 50 Th/s 1975 W 82 db SHA-256
Canaan AvalonMiner 1066 50 Th/s 3250W 75db SHA-256
Ebang Ebit E12+ 50 TH/s 2500W 75db SHA-256
Innosilicon T3 50T 50 TH/s 3100W 75db SHA-256
Hummer Miner H7 Pro 48Th 48 TH/s 3120W 72db SHA-256
Ebang Ebit E11++ 44 TH/s 1980W 75db SHA-256
Innosilicon T3 43t 43 TH/s 2100W 75dB SHA-256
Bitmain Antminer T17 (40Th) 40 Th/s 2200 W 82 db SHA-256
Canaan AvalonMiner 1047 37 Th/s 2380W 70db SHA-256
Pantech WX6 34 Th/s 5000W 72db SHA-256
MicroBT Whatsminer M10 33 Th/s 2145W 75db SHA-256
Innosilicon T2 Turbo+ 32T 32 TH/s 2200W 72db SHA-256
Ebang Ebit E11 30 TH/s 1950W 75db SHA-256
Cheetah Miner F3 30 TH/s 2200W 65db SHA-256
Bitmain Antminer S15 (28Th/s) 28 TH/s 1596W 76dB SHA-256
Bitfily Snow Panther B1+ 24.5 Th/s 2100W 75db SHA-256
Innosilicon T2 Turbo 24 Th/s 1980W 72db SHA-256
Aisen A1 22-25TH/s 24 TH/s 2100W 75db SHA-256
Ebang Ebit E10.3 24 TH/s 2640W 75db SHA-256
Bitmain Antminer T15 23 TH/s 1541W 75db SHA-256
Innosilicon T2 Turbo 25T 23 TH/s 2050W 75db SHA-256
Holic H22 22 Th/s 1700W 70db SHA-256
Innosilicon T2 Terminator 17.2 Th/s 1570W 72db SHA-256
Aladdin Miner 16 TH/s 16 TH/s 1400W 76db SHA-256
Halong Mining DragonMint T1 16 Th/s 1480W 75db SHA-256
Bitmain Antminer S9 SE (16Th) 16 Th/s 1280 W 76 db SHA-256
Bitmain Antminer S9i (14Th) 14 Th/s 1320 W 76 db SHA-256
Canaan AvalonMiner 841 13.6 Th/s 1290W 65db SHA-256
Antminer S9k (13.5Th) 13.5 Th/s 1310 W 76 db SHA-256
Antminer S9 (13Th) 13 Th/s 1300W W 85db SHA-256
Bitmain Antminer S9i (13Th) 13 Th/s 1280W W 76db SHA-256
Bitmain Antminer S9 (12.5Th) 12.5 Th/s 1225 W 85 db SHA-256
Bitmain Antminer T9 (12.5Th) 12.5 Th/s 1576 W 68 db SHA-256
Bitmain Antminer T9 (11.5Th) 11.5 TH/s 1450 W 68 db SHA-256
Canaan AvalonMiner 821 11.5 Th/s 1200W 65db SHA-256
Ebang Ebit E9+ 9 Th/s 1300W 75db SHA-256
Pantech SX6 8.5 Th/s 1000W 72db SHA-256
Canaan AvalonMiner 741 7.3 TH/s 1150W 65dB SHA-256
ALADDIN L2 (30TH) 30 H/s 2200W 72db SHA-256
Hummer Miner H9 Pro 80 H/s 3360W 75db SHA-256

About StrongHands

StrongHands Review: Mining Guide, Price & Analysis of the StrongHands Cryptocurrency

StrongHands uses Proof-of-stake and Proof-of-work protocols in mining new coins. The POS system applies the principle of block validators being selected randomly. To increase their chances of selection, validators should have a large stake. The higher the stake, the higher the chances of block validation, and a consequent reward of transaction fees. This technique is environmentally friendly as it is not energy-intensive.

Proof-of-work protocol is based on challenge and response. The challenge is a cryptographically encrypted puzzle. The response (proof) is the decryption and solution of the puzzle by a miner's computer. When the puzzle is solved, the transaction is progressed. A miner has to submit his hardware tor transactions' validation. The mining of one block is dependent on the hash rate.

 

For efficiency and optimal result when mining, it is recommended that users use customized mining setups known as ASIC. Each ASIC mines a StrongHands block, although the block is usually subdivided amongst all miners.

To mine StrongHands on Android, all that is needed is an App known as MinerGate. After creating an account, mining is possible. It is not possible to mine StrongHands on some devices such as the iPhone. This is because the process generates an excess amount of heat, drains the battery, and can cause undue strain on the resources of the device.

Price and AMP

The current price of StrongHands coin is $0.000028 rising by 4.30% in the previous 24 hours.  An hourly rise in the price is 1.28%.  The all-time-high price is $0.004640 and was realized on 8 August 2019. The market cap is at $ 476,569.  The 7-day high /low of the coin is $0.00004701 USD/$ 0.00002299 USD, the 30-day high/low of the coin is $0.00004701 USD/$0.00001180 USD and the 90-day high/ low is $ 0.00024869 USD/ $ 00001082 USD. About 16.88 billion SHND are circulating in the market and the total supply is 17.29 billion. SHND's 24-hours volume is $ 119 and the maximum supply is 29 billion.

The coin is listed in Poloniex, STEX, Crex24 exchanges, and a total of 4 operating markets. StrongHands is ranked as #1186 amongst cryptocurrencies.

Analysis of StrongHands coin

StrongHands is an open-source cryptocurrency developed from Bitcoin with the objective of providing permanent and energy-efficient crypto. The developer team includes Jackson Briggs, Michael Larry, and, Valter Dias. The coin was released in 2014 with its ticker symbol as SHND.

StrongHands is built on POS protocol. POS protocol assigns minting rights to miners in proportion to the stakes held in cryptos. POW on the other hand requires miners to pay for equipment and acquire hash powers for solving cryptographic puzzles and; the more the miners pay, the more the hash power and the higher the chance of getting rewards. The SHA256 is designed in a way that guarantees the uniqueness of every data block and ensures that encrypted messages have integrity.

POS protocol is cost-efficient and allows any computer that is connected to the network to partake in SHND blockchain's processes. Rewards earned here are 2540 per block and are proportionate to the total value held in the wallet consecutively for 29 days. The POS inbuilt security enables a lengthy stake of 30 days.  StrongHands offers 100% annual price rewards to participants.

For security purposes, there are wallets there are desktop and paper wallets with a private key for safe storage of the coins. The desktop wallets are supported by Linux, Windows 32, macOS and Windows 64.

Several significant events have taken place since the coin's first release. On 31 May 2018, the coin burning began.  Later, a swap from SHND to SHMN took place on 4th July  2018. During this swap, the team adopted DASH, Zerocoin, and PIVX to create Kaizen, a hybrid technology.  The move was a deliberate strategy to control inflation and create a long-term passive income source. The swapping ratio was 500,000:1. The last swap of 1000:1 happened in 2018. The developer team launched the Whitepaper in October 2018 and the SHNDX exchange was launched a year later. On 31st August 2020, StrongHands launched a new identity, GUI, and Logo.

The return on investment (ROI) for StrongHands is +145.89% for 3 months, +5.23 for 6 months and -25.80% for 12 months. The volatility of the coin is 124 % for 3 months, 144.37% for 6 months, and 227.12% for 12 months.

The current StrongHands projects that are either completed or underway include;

StrongHands Masternode project is already reached completion. It has improved the blockchain in ways such as; increased transaction privacy, instant transactions, more participation of users in decision making, and easier budgeting.

StrongHands Exchange (SHNDX), is a platform that provides an excellent user interface for crypto trading. The platform is a partnership with Broad Analytica and Birake Network. The then financially ailing StrongHands created this platform in May 2020.  The main features of this exchange are security and stability, connectivity with fiat payment access. The advantages that users will reap here include; on-demand and instantaneous settlement, liquidity, and trading network connectivity. This platform will in the future integrate Android iOS mobile wallets.

StrongPay framework will be created to enable easy verification on funding, payment gateways, and faster transactions.

StrongHands Finance is geared to enable a shift from old centralized financial techniques to decentralized technologies – Decentralized Finance (DeFi). DeFi will improve on the blockchain's transparency, programmability, access, interoperability, and immunity against tamper.

The profitability of StrongHands coin is dependent on factors such as taxes, electricity cost, and the cost of the mining setup.

StrongHands coin has some inherent advantages such as energy efficiency, security, and accessibility. However, StrongHands has some limitations such as the initial amount of SHND needed to acquire 1 Masternode which exorbitant. The high operation costs, though meant to tame switching over blockchains, curtails users' freedom of choice. Mining of the coin is also cost and energy-consuming due to ASIC mining.

StronghHands' current competitors include Aerium, UltraCoin, Dogecoin, Waves, Monero, Digibyte, Bitcoin SV, and Bitcoin.

 

Our take

StrongHands coin is arguably a unique coin going by the algorithm it deploys. The developers knew the pain-point of miners, security, and handled it by bundling two protocols.

StrongHands performance has been promising given the ROI figures for the users.

The coin is protected against security attacks by putting in place exorbitant collateral requirement that ensures only genuinely interested users are in the platform. This strategy works as the high cost will probably wad off jokers or those with malicious intents. Users here can also enjoy the fast, secure and instant transactions that the platform offers.

To reap maximum benefits from this platform, loyalty is crucial. Switching over blockchains could cost the user a substantial loss of seniority bonus. Regarding this, the platform does not seem to appreciate the importance of respecting customers' preferences and choices.

The coin has also not lived up to the decentralization standards. The continued use of ASIC mining implies that the mining of the coin is limited to a few people.

The developer team is working on the coin to improve its operability and efficiency. This is good news as it signifies an imminent, customized user interface, and a better experience. As the new developments unfold, how far the coin will get remains to be seen.

As you examine your investment options, StrongHands should be on your list of considerations as well. Like for all cryptocurrencies though, due diligence should be exercised.

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