Problem is the coin started off way to strong. Had about 750 Mhash of power on the network off the bat, and blocks were found every 2.5 seconds. This caused the difficulty to ramp up way to high, and the majority of the miners have left. Bacon has 68 slices yet to be found before a retarget, but the network hashrate is sitting down in the mid 60's and every few minutes I watch as yet another miner stops mining bacon. At this rate, bacon may never hit it's retarget, and no one will be able to sell their bacon bits. After the retarget, I hope people don't jump back onboard, and ramp it back up to a difficulty about 7 and leave again, or the coin is as good as dead.
Thats exactly what happened.. during launch night it hit 1.3 Ghash then dropped and stayed around 400-700. When people realized it wasnt going to be as easy to instamine they hopped off quick. Difficulty re-target time that is set to 3 hours is taking 7x as long to readjust with the current difficulty. 60 more blocks left and will drop down to .5 and Bacon will be plentiful.
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