Ok so there has been a huge increase of hashrate as of this morning. A mining farm with about 900GH/s has decided to join dubaicoin once again. Thats about a 20x increase in total network hashrate overnight!
The good news is that block times are way lower now, so transactions and block confirmations should go a lot faster.
The bad news is that network difficulty is rising again, and its rising rapidly! Since blocktimes are 20x lower now, the difficulty change over time has also increased 20-fold! So if this continues, the coin will be unmineable again within a couple of days...
Jeez, these mining farms are really ruining cryptomining if you ask me...
Lets see if the improved difficulty algorithm that is supposed to be released will be able to handle these big fluctuations.
can be from their competitor.
only 1 competitor in dubai i can think of. renting big farm for hit and run is not really that difficult nowadays.
at current dbix price, ethereum is only 10% more profitable, so, for competitors to do hit and run like that, not really a big risk, if the end result is to destroy dbix rep.
On the other hand, if difficulty follows hashrate instantly instead of lagging, dbix risks becoming as worthless as verium.
So, to developers: decisions, decisions.
