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Title: will alt mining recover? Post by: thresher on March 07, 2014, 03:19:32 AM I assumed scrypt mining was down because of BTC price and Gox, but BTC price is sort of back up, gox is sort of done impacting, litecoin value is back up, yet altcoin mining still sucks.
Wtf is going on here? Is it because an altcoin appears every time I take a piss? Title: Re: will alt mining recover? Post by: TrollboxChamp on March 07, 2014, 03:36:18 AM Its called difficulty. The networks are all growing in a big way. meanwhile BTC has taken a nosedive. 675$ is not really much considering it was at 8-9 for a while.
Title: Re: will alt mining recover? Post by: thresher on March 07, 2014, 04:05:45 AM Its called difficulty. The networks are all growing in a big way. meanwhile BTC has taken a nosedive. 675$ is not really much considering it was at 8-9 for a while. I understand difficulty, but I highly doubt the difficultly jumped 3x since early feb, to produce the 1/3 of the profits per mhs on everything. I looked at litecoins difficulty just now, and it hasn't even reached where it was at (it is close though, but that is because people/pools are hitting litecoin since the altcoins are blowing (i'm assuming.) If it was a few months or asics were pouring out i'd understand if the difficulty increased that much. Something just doesn't add up. edit to quote fix hopefully lol |