Its smart that as least you ask about difficulty because difficulty is what surprises most new miners including myself back in 2014. I remember I started to mine LTC back then, and I noticed that the price of LTC lost 10% but I lost like 15% profit. Then LTC lost 20% and I lost like 30% profit. After much investigation I learnt about difficulty.
For LTC it was during a bad time because it was when the 2014 bubble popped and LTC Scrypt ASICs came out. And I remember that every 30 days the profitability pretty much halved. And later on I learnt it was due to difficulty which you can't control.
You can control the price you pay or sell your gear, you can even control the price you sell your alts for USD since you can always trade the futures, however you can't control the difficulty.
Topic: alt coins have a Network Difficulty ? (Read 133 times)
hello guys
good time
1. alt coins similar to (like) bitcoin and etherume, have a Network Difficulty ?
good time
1. alt coins similar to (like) bitcoin and etherume, have a Network Difficulty ?
If you are interested it is possible to follow the difficulty of the ETH and btc network in the links below, at the moment records are being broken day after day.
https://etherscan.io/chart/difficulty
https://btc.com/stats/diff
The reason diff is rising is coin price is rising.
Diff tends to chase coin price.
Ie coins are up from 100 to more than 1200
so diff is moving up for eth.
At the moment price is winning as it is moving up quicker than diff is.
these ebb and flows happen time after time.
hello guys
good time
1. alt coins similar to (like) bitcoin and etherume, have a Network Difficulty ?
good time
1. alt coins similar to (like) bitcoin and etherume, have a Network Difficulty ?
If you are interested it is possible to follow the difficulty of the ETH and btc network in the links below, at the moment records are being broken day after day.
https://etherscan.io/chart/difficulty
https://btc.com/stats/diff
hello guys
good time
1. alt coins similar to (like) bitcoin and etherume, have a Network Difficulty ?
Now, if one of the alt coin profit is $1 per day, after 6 month that is $1 and stable ? or It decreases like bitcoin ?
2. is there a alt coin that does not have the network difficulty and the profit is the stable and dont decreases ?
thank you a lot
best regards
good time
1. alt coins similar to (like) bitcoin and etherume, have a Network Difficulty ?
Now, if one of the alt coin profit is $1 per day, after 6 month that is $1 and stable ? or It decreases like bitcoin ?
2. is there a alt coin that does not have the network difficulty and the profit is the stable and dont decreases ?
thank you a lot
best regards
Your second point is also wrong. Not all coins decrease incoming: for example ethereum -> profit increased in the last month, no one knows how long, but at the moment you get more eth then like a year before.
Philipma1957 explained it very well.
yes for 1 and no for 2
Mining ⛏ profits rise up and sink down for many reasons .
1) cheap power is the Trump card.
2) reliable gear.
3) available gear at proper price.
4) people that send you the gear and don’t rob you.
5) coin price
6) difficulty
are six important reasons for profit.
At the moment eth is paying about 7 cents a mh.
So a nvidia 3060ti doing 60 mh. makes 60 x 7 or $4.20 a day
it burns 4 kwatts or at high power cost 4 x .40 = 1.60
this means the card makes 4.20-1.60= 2.60
so right now. coin price is very high and it overcomes the other factors.
other than you cant buy a 3060ti factor number 3.
Mining ⛏ profits rise up and sink down for many reasons .
1) cheap power is the Trump card.
2) reliable gear.
3) available gear at proper price.
4) people that send you the gear and don’t rob you.
5) coin price
6) difficulty
are six important reasons for profit.
At the moment eth is paying about 7 cents a mh.
So a nvidia 3060ti doing 60 mh. makes 60 x 7 or $4.20 a day
it burns 4 kwatts or at high power cost 4 x .40 = 1.60
this means the card makes 4.20-1.60= 2.60
so right now. coin price is very high and it overcomes the other factors.
other than you cant buy a 3060ti factor number 3.
hello guys
good time
1. alt coins similar to (like) bitcoin and etherume, have a Network Difficulty ?
Now, if one of the alt coin profit is $1 per day, after 6 month that is $1 and stable ? or It decreases like bitcoin ?
2. is there a alt coin that does not have the network difficulty and the profit is the stable and dont decreases ?
thank you a lot
best regards
good time
1. alt coins similar to (like) bitcoin and etherume, have a Network Difficulty ?
Now, if one of the alt coin profit is $1 per day, after 6 month that is $1 and stable ? or It decreases like bitcoin ?
2. is there a alt coin that does not have the network difficulty and the profit is the stable and dont decreases ?
thank you a lot
best regards
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