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Author Topic: Why is Dash pricing going down and why is difficulty going up and down  (Read 310 times)
Joecolmenaresv
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October 05, 2017, 03:10:45 AM
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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!
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Dhodge87
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October 06, 2017, 02:19:51 AM
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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!
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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
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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.

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Joecolmenaresv
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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
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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
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