Bitcoin Forum
May 14, 2024, 04:23:42 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Why is Dash pricing going down and why is difficulty going up and down  (Read 619 times)
Joecolmenaresv (OP)
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
October 05, 2017, 03:10:45 AM
 #1

Can someone explain the reason the Dash price is going down and the mining difficulty is varying so much. earlier today was at 6.9 million and right now it is at 4.4 million.

i am concerned as I have ordered several D3s for mid November.

Thank you!
1715660622
Hero Member
*
Offline Offline

Posts: 1715660622

View Profile Personal Message (Offline)

Ignore
1715660622
Reply with quote  #2

1715660622
Report to moderator
1715660622
Hero Member
*
Offline Offline

Posts: 1715660622

View Profile Personal Message (Offline)

Ignore
1715660622
Reply with quote  #2

1715660622
Report to moderator
1715660622
Hero Member
*
Offline Offline

Posts: 1715660622

View Profile Personal Message (Offline)

Ignore
1715660622
Reply with quote  #2

1715660622
Report to moderator
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715660622
Hero Member
*
Offline Offline

Posts: 1715660622

View Profile Personal Message (Offline)

Ignore
1715660622
Reply with quote  #2

1715660622
Report to moderator
1715660622
Hero Member
*
Offline Offline

Posts: 1715660622

View Profile Personal Message (Offline)

Ignore
1715660622
Reply with quote  #2

1715660622
Report to moderator
Dhodge87
Newbie
*
Offline Offline

Activity: 57
Merit: 0


View Profile
October 06, 2017, 02:19:51 AM
 #2

Basically all the people who have the D3 miner are causing the difficulty to exponentially rise while the market demand remains the same if not worse.

Basic supply and demand as of now the dash market is being flooded!

I hope you did t pay above msrp for your miners as of this response a single D3 with power cost of $0.12/KWH is earning $600/mo profit and that is dropping by $5-$10 per day, in about a month the D3 might make half that if the difficulty level continues to follow the current trend!
Chan8
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
October 06, 2017, 03:18:44 AM
 #3

Can someone explain the reason the Dash price is going down and the mining difficulty is varying so much. earlier today was at 6.9 million and right now it is at 4.4 million.

i am concerned as I have ordered several D3s for mid November.

Thank you!

Maybe this may help a bit. Regarding difficulty varying so much.

https://bitcointalk.org/index.php?topic=1945062.0
sevenmiles
Full Member
***
Offline Offline

Activity: 196
Merit: 100


View Profile
October 06, 2017, 03:21:32 AM
 #4

a lot of people are using auto algo switch tools, so when pricing go down, their miners just automatically switch to other algos, and when pricing go up, the miners then switch back...
for example...mingpoolhub...
https://miningpoolhub.com/?page=statistics&action=autoswitches
AUTO SWITCHES
You can mine coins based on best profit reward automatically by setting Auto Switch to your workers using hub.
Connect your miner to appropriate algorightm port(12XXX) and set auto switch on "Hub Workers" page.

Joecolmenaresv (OP)
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
October 06, 2017, 04:31:15 PM
 #5

Basically all the people who have the D3 miner are causing the difficulty to exponentially rise while the market demand remains the same if not worse.

Basic supply and demand as of now the dash market is being flooded!

I hope you did t pay above msrp for your miners as of this response a single D3 with power cost of $0.12/KWH is earning $600/mo profit and that is dropping by $5-$10 per day, in about a month the D3 might make half that if the difficulty level continues to follow the current trend!

Thank you, I know that, recently, new batches arrived to their destinations and new machines have been connected, however that would explain why difficulty goes up, but why does it go down also some days. I was thinking maybe Bitmain has 20-30K machines connected that they can hook up or disconnect as they feel pertinent.

As for the electricity, I pay less that $3 / month with 25 machines currently connected, so it is not an issue.  Grin Thanks
Joecolmenaresv (OP)
Newbie
*
Offline Offline

Activity: 27
Merit: 0


View Profile
October 07, 2017, 03:45:31 AM
 #6

a lot of people are using auto algo switch tools, so when pricing go down, their miners just automatically switch to other algos, and when pricing go up, the miners then switch back...
for example...mingpoolhub...
https://miningpoolhub.com/?page=statistics&action=autoswitches
AUTO SWITCHES
You can mine coins based on best profit reward automatically by setting Auto Switch to your workers using hub.
Connect your miner to appropriate algorightm port(12XXX) and set auto switch on "Hub Workers" page.

Yes, that is one good reason! Thank you
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!