@Albortz
Quote
Regarding your 90k difficulty, the first batch was sold 15th of april. assuming they need at least 5 business days to be shipped, received (right threw customs and fired up) we can clearly see that difficulty was around 125k already before the majority of people received them...
Oh and if I remember correctly Bitmain did not even send them until end of April, supporting my statement even further.
Apr 18 2017 102,267 9.95% 2,928 GH/s
Apr 20 2017 132,016 29.09% 3,780 GH/s
Apr 24 2017 131,639 -0.29% 3,769 GH/s
Apr 27 2017 146,318 11.15% 4,190 GH/s
End Quote
While your logic, assumptions and math looks good I would like to point out a few facts.
First batch was to start shipping the 15th of April. (I have this year received the shipping notice a few days earlier and then received one of my L3+ orders on the day after the start shipping date. I am in the US.)
Difficulty follows Hashrate. The hashrate rises(miners being turned on) then the difficulty reacts to this rise in hash rate and then adjusts at the next difficulty adjustment interval.
While you do remember correctly that Bitmain did not send them out until the end of April.
I though you would also remember that Bitmain turned them on and used them to vote against SegWit knocking the signaling below the threshold.
Over 1.25 TH/s or 2500 L3+ miners were deployed on the Litecoin network over 3 days increasing its hashrate by over 50%. Then after the next weekend and the meeting of "the Lites of the round table" and a resolution was agreed to the L3+ miners were shipped out near the end of the month.
These L3+ miners were on the LTC network hashrate and increasing difficulty prior to being delivered to customers.
If you think my facts are not correct then tell me where the 1.25TH or 2,500 L3+ miners or equivalent hashrate came from.
The LTC Hash rate had only been as high a 3 TH/s briefly several times prior to this event.
Date LTC hashrate LTC Difficulty L3+ units equivalent to hash rate
Apr 16 2017 2.582TH/s 93,016 5,164
Apr 17 2017 3.429 93,016 6,858
Apr 18 2017 3.735 102,264 7,470
Apr 19 2017 3.942 102,264 7,884
Apr 20 2017 132,016
Apr 24 2017 4.328 132,016 8,658
July 10 2017 8.193 275,721 16,386
3 x 93,016 =279,048 currently the difficulty is 275,721 and heading up. So we are at 98.8% of difficulty going up 3X.
Seams pretty accurate to me.
