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Title: Mining difficulty Post by: spaceships on December 23, 2013, 07:07:23 PM I was wondering if mining difficulty goes down if a coin isn't mined for a while. I was looking at coinwarz, and some coin's difficulty graph appears to be going down over time and I thought it might be because it isn't being mined often. Am I right in thinking that, or is there another reason?
Title: Re: Mining difficulty Post by: spaceships on December 23, 2013, 08:09:49 PM Does anyone even know the answer to this?
Title: Re: Mining difficulty Post by: Trongersoll on December 23, 2013, 08:49:52 PM difficulty is based on the rate new blocks are discovered. If enough people stop mining so that it takes longer than 10 minutes on average to find blocks, then yes, difficulty will go down.
Title: Re: Mining difficulty Post by: spaceships on December 23, 2013, 08:53:09 PM Thank you!!
Title: Re: Mining difficulty Post by: empoweoqwj on December 24, 2013, 04:28:16 AM I was wondering if mining difficulty goes down if a coin isn't mined for a while. I was looking at coinwarz, and some coin's difficulty graph appears to be going down over time and I thought it might be because it isn't being mined often. Am I right in thinking that, or is there another reason? Yep, means the coin is dying probably. Title: Re: Mining difficulty Post by: hvezdasmrti on December 24, 2013, 05:09:58 AM Not exactly, it means there is better pump and dump coin to mine ;D
Title: Re: Mining difficulty Post by: empoweoqwj on December 24, 2013, 05:13:03 AM Not exactly, it means there is better pump and dump coin to mine ;D True enough! Or it could be dying ..... I'm sure they can't all survive else soon we will have more altcoins than people. Title: Re: Mining difficulty Post by: hvezdasmrti on December 24, 2013, 05:18:06 AM just depends on AMD production capacities ;D Greedy miners will buy 'em all. The more fanATIcs the more PumpnDumpcoins can live no matter how worthless they will between pumps be. ;D
Of course, i am joking, there must be some purging of many pseudocoins, almost the clones of clones. But some got popular and it will take some time until dust settles and people move to the next "hype" coin leaving the old hype coin falling. Title: Re: Mining difficulty Post by: asdlolciterquit on December 24, 2013, 09:40:24 AM good question!!
Title: Re: Mining difficulty Post by: empoweoqwj on December 24, 2013, 09:53:08 AM just depends on AMD production capacities ;D Greedy miners will buy 'em all. The more fanATIcs the more PumpnDumpcoins can live no matter how worthless they will between pumps be. ;D Of course, i am joking, there must be some purging of many pseudocoins, almost the clones of clones. But some got popular and it will take some time until dust settles and people move to the next "hype" coin leaving the old hype coin falling. I wonder what % of people actually make money producing pseudocoins? But the same question can be asked of bitcoins given the hashrate. |