Bitcoin Forum

Well consider me confused (or more then usual) :)

Litecoin difficulty just jumped up from the halving in the below manner (see chart below) by 6.63%



Sep 03 2015    41,832    6.63%    1,198 GH/s
Aug 31 2015    39,229    -6.11%    1,123 GH/s
Aug 27 2015    41,782    -7.61%    1,196 GH/s
Aug 23 2015    45,224    -0.50%    1,295 GH/s


So since halving (up till this last one ..not including sept 3rd we had a 14.22% decrease in difficulty...ok I got that part.... 1/2 the miner revenues
old equipment shut off etc now to what I don't understand is this

Now this current sept 3rd 6.63 difficulty INCREASE of 6.63%....(which makes the total decrease in difficulty since halving imho a lack luster 7.59 current difficulty
currently)

Well as I said confused....so what is the reason from the following (also on poll)

1) people are just stubborn and will keep miners on mining LTC for a loss for next few months in denial?

2) some Chinese asic scrypt data hall miners or whatever hitting the network I'm not aware of (folk that speak Chinese please scour china for scrypt asic makers..i myself
suspect they are hanging out with unicorns..but just in case)

3) EVERYONE is abandoning other crypto ALTS to run to LTC at this point in time...due to lame prices...ie like lemmings to the sea?

4) A lot of miners have shut off ..there are just a hell of a lot more 110gh and above miners out in the world (alcheminer/knc titnans/innsilicon) that I ever expected
and really a 7.59 percent drop is all she wrote....just that many big units left in the scrypt world ..thus no real drop due to old equipment (that can't be right ?)

anyway thoughts but unless someone can find a hoard of Chinese asic miners being made and deployed I'm sorta at a loss on wtf is going on :)

I suppose knc could have started a 'stealth' knc Titan Data hall (hey evil empire and all its what they do..doubtful...but still) :)

please share your thoughts and take the poll

LTC mining is different from BTC mining.

Most Scrypt ASICS are more efficient when it comes to power then SHA256 ASICS.

Many who are still paying for power, still make a profit, so why turn off their rigs?

Value increase is not instant.  I would mine a couple of months after the halving at a loss to see if the coins value would go up in the quarter.  Remember the value you sell the coin at is the important price. Mining and holding so why power them off?

.

 hmmmmm it is getting weirder

     with the current difficulty change coming up in around 7hrs will be since halving of LTC coins made
and the drop of price of coin as well by oh....what was it when it was close to 4 bucks so say 25%

and now since halving the drop in difficulty is ONLY around 3.33% or some such ..if the values hold the next 7hrs

again probably previous posts are correct that if you mined your low end miner at 1.69 you will keep mining it anyway at a loss

I just find it all very weird.......I expected at least a 20% drop and blamo it would stay there or below

the ways of crypto and LTC are mysterious to me :)

If people are mining as an investment and don't need to cash out to pay for their power (eg. Investing, not trying to make a tiny profit without risk), it makes sense that they keep mining.

Does anybody have a btc chart around the halving? How did diff move there?

Most ALTs are going nowhere.

So this must be hope, still left after having seen some upwards price action most recently.

alts would have more chance if more people got behind the leading alt ie litecoin.

doesn't mean they also can't support 1 or more other personal fav alt. just the more the market is spread the less chance any will make it in any meaningful fashion.