It goes both ways.
Hahrate increate tends to make the price go up.
Price goes up a lot, causes more miner to mine the coin, makes the price go up again.
only when the coin has the first mover advantage and there are no other realistic competitors, like in the case of Bitcoin and SHA256 for example.. if you buy a SHA256 ASIC.. you don't have any other real choice than to mine Bitcoin so its hash rate is constantly forced up. Miners are forced to keep on mining and hoping they will get a ROI so many hold onto the coins they mine. this is not the case with Scrypt coins however because there is ALWAYS a more profitable SCRYPT coin mine so the hash rates go up and down like crazy as each coin raises and falls in value. we saw this when Dogecoin overtook litecoin in Hash rate.. then the Aurora boom... in such cases Hash rate alone is no indication at all that the price will remain high. That is TRUE. I mine bitcoins and I hold on to them simply for ROI reasons. But when I mine scrypt, I mine the most profitable coin vs either LTC or BTC. So when karma difficulty goes up to the point where it's not making me more than mining LTC, I move on to next coin. Back when the difficulty comes down. |
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I do have one concern though,
Hash rate goes up, difficulty goes up, less coins to mine. When the value of the coins mined over 24h result in less value of mining LTC straight, then it makes no sense to mine Karma. For a miner like me, it's attractive to mine a coin that maintains high value vs LTC.
So the questions becomes, where can we find a sweet spot where amount mined over 24h still makes more vs LTC
The advantage that you have when mining Karma over LTC, is that you have a MUCH higher probability that Karm price will increase a lot in future. The issue is you can mine the most profitable coin and then convert it into Karma (and effectively mine MORE Karma). So that theory doesn't really hold up. To be realistic, I think karma has a way to go before miners start to mine coins and convert to it!! There are barely any p2pools out there. One single HUGE pool that works and everyone mines on it. LTC is been there longer than karma and still it has it's own struggles. I think karma should look at Doge as an example and aim for better. Doge has been very successful this far. It has a $ value. Traded in almost all exchanges. And holds it's value well. Mined by small miners and huge pools. |
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I do have one concern though,
Hash rate goes up, difficulty goes up, less coins to mine. When the value of the coins mined over 24h result in less value of mining LTC straight, then it makes no sense to mine Karma. For a miner like me, it's attractive to mine a coin that maintains high value vs LTC.
So the questions becomes, where can we find a sweet spot where amount mined over 24h still makes more vs LTC
The advantage that you have when mining Karma over LTC, is that you have a MUCH higher probability that Karm price will increase a lot in future. And it has. I started when karma was below 40. Now its above 80. However, that could be true also for LTC. When I started mining, LTC was above $20. Now it's just around $10. The future may be bright for LTC to go up and beyond the $40 mark. But since mining karma makes me accumulate more LTC/24h is the reason why I mine it. When that stops, it makes me look for other coins that have the potential to spike in value and easy to mine. |
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I do have one concern though,
Hash rate goes up, difficulty goes up, less coins to mine. When the value of the coins mined over 24h result in less value of mining LTC straight, then it makes no sense to mine Karma. For a miner like me, it's attractive to mine a coin that maintains high value vs LTC.
So the questions becomes, where can we find a sweet spot where amount mined over 24h still makes more vs LTC
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I like Karma
I started mining it at the beginning of May. Had good luck with it. My reason is simple. I'd rather mine a coin that has a better value vs LTC than to mine LTC straight.
What made this coin attractive is the fact that I was able to mine it. No problems with the wallet. No problem with finding help when you need it. And a pool that worked.
Value has gone up significantly. Best coin since Doge in my opinion.
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pool web page doesn't load up
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wallet ver 2.0.2
stuck on block 77629... not syncing!
Any help appreciated.
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I managed to get in and run the update using putty after reading online on how to ssh to pi
now I'm getting this:
A PHP Error was encountered
Severity: Warning
Message: file_put_contents(/var/www/minera/conf/miner_conf.json): failed to open stream: Permission denied
It was working fine using your pool setting and worker, but when I changed it to my pool and worker, it did that?
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I installed the image file, but I can't access the web interface.
Is there anything that has to be done? I would like to give it a try
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Is it safe to mine this coin??
What pool do you guys suggest?
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Where are the DDOSers ###?!?!?! DEFEND ### ATTACK ###
please, refrain from writing these things online I wasn't aware that this forum is located in China?? We have members that say all sort of things. Are you suppose to be some sort of a "chinese legal officer"?? And why is it not allowed for a member to say whatever they feel like saying here? I think it's time that Bitcoin is free of the chinese government influence. Let us see Bitcoin move on... After all, that is the whole idea of cryptocurrencies. |
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Directed my bitcoin miner to this coin...
Is this coin sha and scrypt friendly? I read that it's good for asic and gpu mining?
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A question to the dev,
I'm mining at 7 MH/s now with estimated earning of around 17-18k per day at current difficulty. With the same hash power I can generate around 25k Doge. How is it more profitable for me to mine this coin rather than Doge?
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anyone can direct me to a pool where I can see stats please? Most of the pools on the xxl page are not there anymore.
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Thank you....finally it's syncing
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21:17:19

addnode 108.61.158.107 add
21:17:19

{"code":-32601,"message":"Method not found"}
This is what I get when I try to add nodes
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Help Please.
I mined this coin at the beginning. I stopped when the difficulty rose. I updated the wallet after the fork. No connections. Mined coins show as unconfirmed after re-install of wallet.
I want to mine it again. Since last time I checked the difficulty was 0.07 and now it's sitting at 0.3. Bit difference. But I still can't mine because wallet has no connections.
I need my wallet to work so that I could mine again when difficulty goes back down.
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it's windows. I reinstalled the wallet too and now shows my coins "unconfirmed". Still not connections
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I have wallet version 1.0.0.0
I don't have a connection. Would someone be kind to tell me how to add nodes please?
I tried, but syntax is not correct.

{"code":-32601,"message":"Method not found"}
This is what I'm getting.
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