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Author Topic: Bitcoin difficulty set to jump up 33% = good news for alt currencies?  (Read 1289 times)
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March 23, 2013, 06:12:39 PM
 #1

A post on Reddit alerted me to this. Difficulty will go from 4,847,647 to 6,434,210 in the next 173 blocks.

This is the biggest jump I have seen, presumably because of ASICs? Can we expect a small surge of disgruntled miners turning towards alt currencies like litecoin...

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March 23, 2013, 07:05:26 PM
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of course, and most likely ltc or nvc. however, most miners are going to be converting their mined altcoins over to btc pretty rapidly (at least for the first few months), causing the market to be flooded with both of these, and their value to go down. good time to buy in for the long term when that happens.
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March 23, 2013, 07:59:29 PM
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Interestingly LTC's difficulty has just dropped below 70 from its previous 90.
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March 23, 2013, 08:06:20 PM
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of course, and most likely ltc or nvc. however, most miners are going to be converting their mined altcoins over to btc pretty rapidly (at least for the first few months), causing the market to be flooded with both of these, and their value to go down. good time to buy in for the long term when that happens.

Current markets are already "flooded" by current miners. can't see why there will be much difference between now and then.

And remember, coin generation rate is constant (true for ltc, not sure about nvc), no matter how many miners are in the game.

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March 23, 2013, 08:19:42 PM
 #5

Can we expect a small surge of disgruntled miners turning towards alt currencies like litecoin...
Let's see:

Price per Coin raised ~32%,
Difficulty will rise ~33%.

Not much of a difference in profits for any miner, no need to change to any other currency.


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March 24, 2013, 12:55:17 AM
 #6

Interestingly LTC's difficulty has just dropped below 70 from its previous 90.

Now is 68.5941. I really can't understand it.
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March 24, 2013, 10:13:49 AM
 #7

Interestingly LTC's difficulty has just dropped below 70 from its previous 90.

Now is 68.5941. I really can't understand it.

People look at "profitability" and the difficulty of Bitcoin going up in just 2 hours.

Within 2-3 hours, LTC hashrate will go up like crazy...

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March 25, 2013, 01:38:20 PM
 #8

Interestingly LTC's difficulty has just dropped below 70 from its previous 90.

Now is 68.5941. I really can't understand it.

People look at "profitability" and the difficulty of Bitcoin going up in just 2 hours.

Within 2-3 hours, LTC hashrate will go up like crazy...

If HashRate goes up, LTCs Price will raise inevitable.
Some guys are working on LTC FPGA Device, Let's see what happened in the next few month!
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