July 21, 2011 - Namecoins reactivation ?

[coinotron]

According to dot-bit.org on 2011-07-21 namecoins difficulty will decrease from 55000 to 23000.
Maybe namecoins mining will become more popular ? 

If you are interested, please visit our pool and see how changes hash rate of namecoins part.

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[Mike 71]

The big questions for me is, why does this happen?

It means that namecoin lost more then 50% of its Speed since last difficulty change. Whats the reason for this? Does anything know about this?

Greetings
Mike

[coinotron]

As far as I know there was a huge jump of difficulty in June. And after few days someone withdraw a lot of hashing power, leaving namecoins network with high difficulty and low hash power.

[Kartoff]

Thats happen maybe because there are smaller amount of people mining namecoins and they decide to abandon network for a couple of weeks and to dig bitcoins then difficulty will fall and they will go back to mine again but at half difficulty... I dig namecoins now and it is werry funny because of amount of namecoins mined at a time

[bcpokey]

Namecoins were discovered by many people as much more profitable than bitcoins. As an expected result it was mined to the point where it was no longer more profitable than bitcoins, and so many people left to return to bitcoin. On 7/21 is will be about 2x as profitable to mine namecoin as bitcoin if the exchange holds steady, and we will see a repeat. Short burst of high hashpower leading to a huge jump in difficulty followed by a pulling out of hash power leaving namecoin to suffer for a month or two.

Thanks for reminding me though, that I need to start preparing for the namecoin burst.