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April 13, 2013, 02:57:02 PM |
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Right now, FRC are mined like crazy. They are designed to be mined at a rate of 1 block each 10 minutes, but right now, they are mined like 1 block per 2 minutes. The only reason is that it's worth more to mine them, once converted to LTC and then to BTC than mining BTC directly. But in about 75 blocks, the difficulty will rise, probably 4x (the max increase rate). Then people will abandon them, like it was earlier this year. Except than instead of being stick at 9K, difficulty will be stock at 19~20K. So is FRC about to be graved?
Difficulty rise will happen at block 22176. And right now we are at block 22100. Probably 22101 by the time I press 'send'! So in about 2 hours now...
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