Difficulty has gone down, so I'm adjusting my sell order, halving the sale price...
Why?
Because I'm producing twice the amount of coins, I have a rule of thumb formula for my rigs and I set my price based on that...
The coins I"ve already mined I'm leaving at .00083, new coins at the lower difficulty I will sell at the lower price. Isn't it how it should work? Price should match difficulty to mine?
Calculate everything to be around 0.01BTC/MH/day for Scrypt, 0.02BTC/MH/day for ScryptN and 0.02BTC/GH/day with keccak.
That's pretty damn close to my rule of thumb lol. I chucked a grid of 15 GPU rigs at Caishen and I said I wanted .5 BTC a day revenue from that grid. That grid gives me 45 Mh/s Script or 24.5 Mh/s Scrypt-N... Which is thereabouts similar to your formula...
Last night, using my rule of thumb and difficulty at that point in time it gave me a price of .00083. Difficulty is now a third of what it was last night...
your rule of thumb is worth nothing if there is no buy support. always keep up the selling price as twice as the "real value"
for those who halved the price this night, you guys ruined it for everybody congratulations
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