I have talked before about Atheios , an Etherium fork with gaming as the primary use case. I have chosen to follow this coin in order to study how in the crypto currency universe coins or projects can progress or decay. Atherios or ATH is an interesting example because it has a real use case, a dedicated developer and some core people in the community contributing. And most of all, it is - still - a small coin compared to others with a multi million USD market cap. So it is more simple to understand what is going on.

So my intention is to do some write-up every week on this coin. So join and follow me on this travel. It might turn out to be beneficial also for You. And yes, please comment if You have questions.

Today is a good day, BTC +8%, or?

Well alt coins (alternative coins) really do not care, specifically small ones. For small alt coins other aspects are more important. To name a few:

• Network has rate
• Difficulty to mine coins
• Availability to transit to other coins
• Announcement of events
• Activity of the developer
• Activity of the community

Let us start explore this a bit more in detail.

Atheios Hashrate 20.9GH/s

The hashrate for Atheios can be easily calculated. A good place to check is whattomine.com. If You click the link You get the hashrate of 6 RX580 AMD cards, which equals around 180MH/s.

From the start of Atheios a couple of weeks ago, the hashrate has been spiking to over a Terrahash and has now settled between 20 and 30GHs. 30GHs means that there are around 165 racks of 6 packs of AMD cards, or around 1000 graphic cards mining as we speak. So a decent and stable community.

Atheios has a good block explorer, which shows the current state of the network as displayed below.

Atheios difficulty

The difficulty is directly related to the hash rate. High hash rate means that a lot of users are mining and compete for the block reward, so the difficulty will adjust and goes up. The difficulty algorithm is targeting to guarantee a block time of 22 sec. The same ofcourse happens into the other direction: lower hashrate, difficulty adjusts down, the miner will earn more.

With a mining rack of 6 RX 580 AMD cards You would be able to get at the current network hash rate 20GHs approx 250 ATH per day, assuming that You run 24hrs and with 180MHs for Your rack.

This is the reason why miners are not too fund of high hash rates in the beginning, so they can mine under the radar and potentially make their fortune. As Atheios launched, some people bought additional hash rate via nicehash and artificially pushed up the difficulty up to almost 10 trillion.

Now the difficulty is back miner friendly levels of below 1 trillion.

Exchange value of Atheios

Atheios is on a single exchange as of today: stocks.exchange and is traded towards BTC. As of writing the exchange rate is at approx 206 sats, or 0.0126 USD. This is an equivalent of approx 3.15 USD for a rack of 6 AMD cards per day. Not a fortune, but as the use cases develop, there is a nice upside to people in possession of the coin.

If You are interested in the this coin or project, there could be though another path to be a ATH invested person. For that You mine instead ETC for the time being and then convert Your ETC to BTC and then buy into ATH. ETC is currently double as profitable as ATH.

Conclusion

Whatever way You go, Atheios might be an interesting play and is currently very reasonably priced. And with all plays: play responsible.