now 53 cents.
thats some %40 drop in value.
and you know what.
total value of coins decreased from 88 million to 22 million.
thats 1/4 th.
mining profitability is bad. almost on par with hirocoin (which is dying quickly with diff down to 49 from 189 last week)
darkcoin hash rate down to 12m from 19m last week. (30% drop)
these are hardcore facts with numbers.
And numbers are tied to real world events:
Bitcoin has lost almost 30% of it's value in that same time - that is the reason for the 40% drop in DRK/USD value. There are fewer fiat exchanges, so the USD/DRK is really USD/BTC -> BTC/DRK
The last (admittedly low volume) transactions for fiat on Prelude.io have USD/DRK at .95 USD/ 1 DRK. If the value of DRK could free-float against USD, it would likely have stayed the same. It is still in the .0013 range against BTC - a statistically insignificant change.
The coin supply decrease was intentional, not a market response. It means nothing in an economic sense except that the decision was made to further limit the number of coins created. Please explain why that is relevant.
the DRK hash rate varies widely. Over the last 24 hours, it has been as high as 19GH/s (drk.poolhash.org/poolhash.html) It has been steadily growing, and the fluctuation in block to block hash rate is an intentional design element by the developers. Please explain why this concerns you.
"There are three kinds of lies:
lies, damn lies, and statistics."