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Title: Difficulty vs hashrate question Post by: pajak666 on April 12, 2013, 02:32:25 PM hello
I wonder, what situation is more profitable for mining? when current difficulty is lower than actual hashrate, or when current hash rate is lower than difficulty? For example we can compare both bitcoin and litecoin network, on litecoin network difficulty is higher than hashrate, on oposside side on bitcoin network hashrate is higher than difficulty. I assume than when the hashrate is lower than difficulty there is steady number of coins splitted to less number of miners, so mining litecoins should be more profitable atm. I post two pictures to compare http://i47.tinypic.com/2wn7jba.jpg http://i45.tinypic.com/s2b215.jpg Title: Re: Difficulty vs hashrate question Post by: Larynth on April 12, 2013, 02:38:35 PM Difficulty is adjusted to match the hashrate so........ When the Hashrate drops drastically it takes a long time to mine the blocks till the next change and the blocks will be mined @ greater than the intended 10 minutes per. When the hashrate spikes the blocks will be mined at a rate faster than 10 minutes per and we will get to the next difficulty change faster. For a miner it's always more profitable to mine a lower hashrate, you get a larger % of the total discovered blocks, even if those blocks come slightly slower for a time. Once the difficulty drops then it's significantly more profitable on the lower hashrate.
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