Then I left CRYPLY as big Giant CPU farms have entered now and mining 8000+ coins daily and dumping the exchanges with lower price, hence the coin value is not increased and its very difficult to mine with my I7 8500K CPU , it gives me 10-11 CRYPLY coin daily these days.
This could be a noob question, but how do you know all that?
No offense to the other guy, his response is fine but I would just like to point out something else that everyone should learn and understand. There are two key observable facts when it comes to being knowledgeable of mining and trading operations:
1) Difficulty is an observable fact. Difficulty can be observed using different methods. For one, just open up the coin wallet, go into the debug console, and then type a command like "get info" to see the current difficulty. another way is to simply go to a block explorer for the coin you are interested in. Let's take Cryply for example, here is the explorer site:
https://explorer.cryply.io/ and here is the stats site:
https://explorer.cryply.io/?page=stats Both show the difficulty. Some coins will have a difficulty chart for the entire life of the coin. Unfortunately, my brief search didn't find such a chart for Cryply. However, if it is a coin you have been mining you may already know the difficulty progression and you may have even taken notes at different days of mining to see what the difficulty is. When you see the difficulty multiply by several factors (2x, 5x, 10x, 100x, etc) you know your coin got a lot more interest from miners.
2) Trading of coins and resulting price movement is also an observable fact. So let's say you have been watching that difficulty chart and let's go a step further and say you have also been observing the coin's market trading actions. When you see a coin go from low volume/difficulty and high price to high volume/difficulty and diminishing price you can be sure that miners are mining and then immediately dumping. What you want to see is difficulty go up (preferably after you've mined at low difficulty because you were so sage and wise in your mining decision) and the price go up as people HODL because the coin is so awesome.
That about sums it up. I hope that explains how anyone can track mining difficulty and market price movements. There are more analytics that could be done for even greater granularity. I'll save if for now or feel free to PM me.
