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Title: Litecoin difficulty coaster and the effect on price Post by: tacotime on December 10, 2012, 08:40:04 PM Everyone's probably noticed that a bunch of people are only mining LTC every other cycle (3.5 days) to take advantage of lowered difficulties.
What effect do you guys think this has on the coin? I think it may actually act like the blockchain reward halving, as people mining at the high difficulty are much less likely to dump their LTC into the market (and hence half the LTC is really reaching the market from people dumping at low difficulties). Certainly it hasn't really hurt litecoin's price, which has been consistently above that of BTC. Title: Re: Litecoin difficulty coaster and the effect on price Post by: smoothie on December 10, 2012, 09:03:24 PM Everyone's probably noticed that a bunch of people are only mining LTC every other cycle (3.5 days) to take advantage of lowered difficulties. What effect do you guys think this has on the coin? I think it may actually act like the blockchain reward halving, as people mining at the high difficulty are much less likely to dump their LTC into the market (and hence half the LTC is really reaching the market from people dumping at low difficulties). Certainly it hasn't really hurt litecoin's price, which has been consistently above that of BTC. Not sure what you mean there. Are you saying that the price of litecoin is more profitable? I disagree given the difficulty skyrocketed. Please explain. Title: Re: Litecoin difficulty coaster and the effect on price Post by: tacotime on December 10, 2012, 09:20:33 PM I still make slightly more mining LTC than BTC, your mileage may vary.
Title: Re: Litecoin difficulty coaster and the effect on price Post by: smoothie on December 10, 2012, 10:31:36 PM I still make slightly more mining LTC than BTC, your mileage may vary. I guess if you don't pay for electricity it's all profit. |