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November 24, 2015, 04:51:56 AM |
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Take a look at UNB unbreakablecoin as an example of exactly this. UNB had a huge pump, the big pools moved to it and mined tons of coins and dumped. After UNB prices came back down the difficulty remained extremely high but yet it is unprofitable to mine. As a result still to this day it has extremely long block times due to lack of hash vs its high difficulty..
IIRC its block times are supposed to be around 5 minutes and retargets diff every 2,000 blocks. Its actual block time now is about 12 hours ish so it is going to take forever until it retargets to a lower difficulty..
This pretty much killed the coin, ruined it..
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