Bitcoin Forum
December 15, 2017, 04:51:34 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Difficulty vs hashrate question  (Read 432 times)
pajak666
Hero Member
*****
Offline Offline

Activity: 497



View Profile
April 12, 2013, 02:32:25 PM
 #1

hello
I wonder, what situation is more profitable for mining?
when current difficulty is lower than actual hashrate, or when current hash rate is lower than difficulty?
For example we can compare both bitcoin and litecoin network,
on litecoin network difficulty is higher than hashrate, on oposside side on bitcoin network hashrate is higher than difficulty.
I assume than when the hashrate is lower than difficulty there is steady number of coins splitted to less number of miners, so mining litecoins should be more profitable atm.
I post two pictures to compare


        ▄██████████████    █████████████▄
    ▄██▀                                                       ▀██▄
   ██▀                                                              ▀██
 ██                                                                     ██
██                                                                       ██
██                                                                       ██
██                                                                       ██
██                                                                       ██
 ██▄                                                                   ██
  ▀██▄                                                            ▄██▀
     ▀██▄▄                                                    ▄██▀
          ▀█████████████   █████████████▀▀
                                         ██
Cash Poker Pro
   ♠    ♦    ♣    ♥ 
              ▒▓██ ░░░ ▓█▓▒             
           ▓██████     ██████▓         
        ░▓███▓▓███ ░░░ ▓███▓████▒       
       ▓████▓▓████████████▓██████▓     
      ░░░▓▓█████▓▓█▒▒▒██▓█████▓▒░░░     
          ░███▓▒▒▓██████▒░▒███▒         
    ▓▒   ░██▓▓█████████████▓▒██▒   ░▓   
    ███▓▒██▓░▓████      ▓███░▒██▒▒███▒ 
   ▓███████▓██████  ██▓▓█████▓████████ 
   ███▓███▓▒██████      █████▒▓██▓▓▓██ 
   ▓██▓███▓░██████████  █████▒▓██▓▓▓██ 
   ▓███████▓▓█████      █████▓███████▓ 
    ███▒▒██▓░▓██████████████░▓██▒▒███░ 
    ▒▒   ░██▓▓█████████████▓▓██▒   ░▒   
      ░   ░███▓░▒▓█▓▓▓██▒░▓███▒   ░     
       ░▒▓██████▓██▒▒▒██▓██████▓▒░     
       ▒████▓▓▓███████████▓▓▓████▓     
         ▓██▓▓▓███  ░░ ▓██▓▓███▓░       
           ▒██████     ██████▓         
              ░▒▓█ ░░░ ▓█▓░             
Anonymity Fair Play Cryptocurrency New Platforms
А platform that will change the world of poker!
               ▄▀▀▀▀▀▄▄▄▄
           ▄▄▄▄█  ▄█     ▀▀▀▀▄▄▄▄
▄▄▀▀▀▀▀▀▀▀▀   █  ▀ █            ▀▀▀▀▄
█  █▄        ▄▀                    ▄▀
▀▄ █ ▀       █         ▄           █
 █          █        ▄██▄         ▄▀
 █         ▄▀     ▄██████▄       ▄▀
 ▀▄        █    ▄█████████▄      █
  █       █      ██████████▄    ▄▀
  █      ▄▀        ▀████████   ▄▀
  ▀▄     █        ▄████▀▀▀▀    █
   █    █          ▀▀▀█       ▄▀
   █   ▄▀                    ▄▀
   ▀▄  █                     █
    █  ▀▄▄              █ ▄ ▄▀
    █     ▀▀▀▀▄▄▄       █▀ ▄▀
    ▀▄▄▄▄▄▄▄▄▀▀▀▀▀▀▀▀▀▀▄▄▄▄█
  ♠    ♦    ♣      JOIN US!
ICO Starts: Oct 26th 2017 
1513356694
Hero Member
*
Offline Offline

Posts: 1513356694

View Profile Personal Message (Offline)

Ignore
1513356694
Reply with quote  #2

1513356694
Report to moderator
1513356694
Hero Member
*
Offline Offline

Posts: 1513356694

View Profile Personal Message (Offline)

Ignore
1513356694
Reply with quote  #2

1513356694
Report to moderator
1513356694
Hero Member
*
Offline Offline

Posts: 1513356694

View Profile Personal Message (Offline)

Ignore
1513356694
Reply with quote  #2

1513356694
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513356694
Hero Member
*
Offline Offline

Posts: 1513356694

View Profile Personal Message (Offline)

Ignore
1513356694
Reply with quote  #2

1513356694
Report to moderator
1513356694
Hero Member
*
Offline Offline

Posts: 1513356694

View Profile Personal Message (Offline)

Ignore
1513356694
Reply with quote  #2

1513356694
Report to moderator
1513356694
Hero Member
*
Offline Offline

Posts: 1513356694

View Profile Personal Message (Offline)

Ignore
1513356694
Reply with quote  #2

1513356694
Report to moderator
Larynth
Newbie
*
Offline Offline

Activity: 28


View Profile
April 12, 2013, 02:38:35 PM
 #2

Difficulty is adjusted to match the hashrate so........ When the Hashrate drops drastically it takes a long time to mine the blocks till the next change and the blocks will be mined @ greater than the intended 10 minutes per. When the hashrate spikes the blocks will be mined at a rate faster than 10 minutes per and we will get to the next difficulty change faster. For a miner it's always more profitable to mine a lower hashrate, you get a larger % of the total discovered blocks, even if those blocks come slightly slower for a time. Once the difficulty drops then it's significantly more profitable on the lower hashrate.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!