It is already 5 days since AuroraCoin, the crypto currency that had the the idea of national distribution of premined coins to the population of Iceland, started distributing 31.8 AUR to Icelanders. The so called AirDrop requires people from Iceland to request their AUR coins by identifying with a National ID and the claim page is only available in Icelandic. There has been a lot of controversy regarding the idea behind the AuroraCoin, but initially it has helped the crypto currency to have a really high market cap and value, also because of the big number of premined coins that were not yet in circulation. Now, 5 days after the start of the AirDrop or the procedure for Icelanders to claim their AUR coins, the things may not look so bright when you look at the price of the crypro currency at the moment.

Out of the 50% that have been premined with the idea to be given away to Icelanders, so far about 755854 AUR coins are already in circulation through the AirDrop, or about 7.2% of a total 10,500,000 Airdrop coins in just 5 days. This is according to the official information available, though there is a lot of speculation going on weather people are in fact claiming their AUR coins or it is all a scam and somebody is dumping premined coins on the market. The fact that since the start of the AirDrop the price of AuroraCoin has gone down significantly instead of going up is not helping either. It could be all due to people claiming their coins dumping them immediately on exchanges to get Bitcoin or real cash for them – this can be expected if somebody gives you free cash. There is a spike in the volume of trades and mostly sell orders, so it is normal for the price to drop and it seems that the bottom of the price has been hit at around 0.003 BTC per AUR and it is starting to recover, though still far from the previous levels of 0.02 BTC per AUR before the start of the AirDrop or the even higher levels before that. We’ll see how things progress in the future as the AirDrop for AuroraCoin continues and more coins are supposedly distributed to people of Iceland as this is something that will show what is the potential for other “national” crypto currencies…

• The Rise and Rise of Bitcoin Documentary Movie
• Nvidia’s New Pascal GPU Architecture With Tesla P100
• WD PiDrive HDD for Raspberry Pi-based Crypto Currency Nodes
• Bitcoin Core Version 0.11.0 Has Been Released
• AMD Radeon RX 480 May Not be That Great for Mining
• What is the Actual Hashrate You Get from Your Gridseed ASIC
• Cryptonight V8 and X22i Mining Rigs Available for Rent on MiningRigRentals
• Litecoin Difficulty Going Up, Bitcoin Going Down
• On the Hunt for the Most Profitable Crypto Coins
• Bitcoin is Now 8 Years Old and Over $1000 USD per Coin
• KnCMiner Responding With Some Tips for Titan Owners Reporting Issues
• Check Out the Unofficial El Salvador Bitcoin Portfolio Tracker
• Bitcoin Mining is Getting Profitable Again, But For How Long
• Using LTC Rabbit as a Backup Pool for Multipool
• Buy Your New Dell or Alienware Computer Online with Bitcoin
• Revisiting PegNet (PEG) CPU Mining At The Orax Mining Pool
• Online Cloud Staking Platform for PoS Crypto Coins
• The Official Decred (DCR) Stake Pool is Now Live
• Possible Issues with Kraken Withdrawals Around the 17th of March
• How to Speed Up New Bitcoin Wallet Synchronization
• Purchasing Games from Steam with Bitcoin is Quick and Easy
• Gridseed ASIC Miner Photo Contest Winner for Week 2
• Asking the ChatGPT AI to Predict the Future Price of Bitcoin
• You Can Now Follow Us on Twitter As Well
• HalleyBTC, a New Service Offering Bitcoin Savings Investment