Bitcoin difficulty set to jump up 33% = good news for alt currencies?

agogos

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Quote from: MaGNeT on March 24, 2013, 05:13:49 AM

Quote from: agogos on March 23, 2013, 07:55:17 PM

Quote from: shinkicker on March 23, 2013, 02:59:29 PM

Interestingly LTC's difficulty has just dropped below 70 from its previous 90.

Now is 68.5941. I really can't understand it.

People look at "profitability" and the difficulty of Bitcoin going up in just 2 hours.

Within 2-3 hours, LTC hashrate will go up like crazy...

If HashRate goes up, LTCs Price will raise inevitable.
Some guys are working on LTC FPGA Device, Let's see what happened in the next few month!

MaGNeT

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Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na

Quote from: agogos on March 23, 2013, 07:55:17 PM

Quote from: shinkicker on March 23, 2013, 02:59:29 PM

Interestingly LTC's difficulty has just dropped below 70 from its previous 90.

Now is 68.5941. I really can't understand it.

People look at "profitability" and the difficulty of Bitcoin going up in just 2 hours.

Within 2-3 hours, LTC hashrate will go up like crazy...

agogos

newbie

Activity: 33

Merit: 0

Quote from: shinkicker on March 23, 2013, 02:59:29 PM

Interestingly LTC's difficulty has just dropped below 70 from its previous 90.

Now is 68.5941. I really can't understand it.

lassdas

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Quote from: mr_random on March 23, 2013, 01:12:39 PM

Can we expect a small surge of disgruntled miners turning towards alt currencies like litecoin...

Let's see:

Price per Coin raised ~32%,
Difficulty will rise ~33%.

Not much of a difference in profits for any miner, no need to change to any other currency.

bitcool

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Live and enjoy experiments

Quote from: Rawted on March 23, 2013, 02:05:26 PM

of course, and most likely ltc or nvc. however, most miners are going to be converting their mined altcoins over to btc pretty rapidly (at least for the first few months), causing the market to be flooded with both of these, and their value to go down. good time to buy in for the long term when that happens.

Current markets are already "flooded" by current miners. can't see why there will be much difference between now and then.

And remember, coin generation rate is constant (true for ltc, not sure about nvc), no matter how many miners are in the game.

shinkicker

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Interestingly LTC's difficulty has just dropped below 70 from its previous 90.

Rawted

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Merit: 500

of course, and most likely ltc or nvc. however, most miners are going to be converting their mined altcoins over to btc pretty rapidly (at least for the first few months), causing the market to be flooded with both of these, and their value to go down. good time to buy in for the long term when that happens.

mr_random

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A post on Reddit alerted me to this. Difficulty will go from 4,847,647 to 6,434,210 in the next 173 blocks.

This is the biggest jump I have seen, presumably because of ASICs? Can we expect a small surge of disgruntled miners turning towards alt currencies like litecoin...

Topic: Bitcoin difficulty set to jump up 33% = good news for alt currencies? (Read 1387 times)