Topic: Difficulty is going own? BTC and LTC? (Read 2601 times)

I certainly hope so. Bad for those coins but good for Bitcoin.

dustcoin is not up to date ....

Here is what I use to decide my days...

http://dustcoin.com/mining

Lists all major/minor coins. Just add your two hashrates below, and the wattage you consume, and your KWh rate, and you can clearly compare your expended efforts for the day/month/year...

Best to spend a day doing each one. They can't all crash, and ONE will surely go through a 10x-50x-100x jump in due time. Best way to get more from mining is simply to convince others to use the coins for transactions. Forums, web-shops, friends, game-clans...

If no-one buys and sells, other than us... then we are just trading baseball cards. Eventually everyone will have the cards they want, and stop trading. You have to PROMOTE the coin you like best. Simply ask an admin/website/shop... "Do you take ____coins?" Say nothing more. That will peak thier curiosity, and let them make their own decision. Do it a bunch of times, to different places. It is like a spreading virus. Curiosity will make them come to you.

NOTE: BBQ and Terra coins values are NOT steady at the moment. They are not actually 300% more valuable than mining bitcoins at any time. That is a fluxuation in the formula, as it drops to a low, and then everyone goes there to mine, and makes it look like it is 300% or 150% more than it actually is. Both those are AVERAGE about 25-75% of a bitcoin value.

Ah yes, the altcoin factor.

Even if most of them are ultimately overhyped junk, they are serving an important purpose in stabilizing the big coins on price and network power. The focus isn't 100% on BTC or LTC now, so the speculation has moved away from them. I think we have the alts to thank for Bitcoin's relative price stability lately.

Exactly. I personally ignore any AltCoin that is ONLY listed on the Cryptsy Exchange. I keep my eye on them, but not willing to risk my daily mining efforts until they make it to another exchange with a deeper trading volume.

Makes good sense.

Sounds like alt coins can carry more risk yet a possibility of more reward compared to a bit more stability and less reward.


Still a tricky decision because by the time you sell an altcoin such as  DigitalCoin at 160% profitability, it could have gone down to 40%
Like the TRC

While litecoin can go back up due to it's age, popularity and support...

The hash rate is going down as more and more alt-coins come out:

http://www.coinchoose.com/
http://dustcoin.com/mining

If you can make more per day mining MiscCoin, then why mine LiteCoin or BitCoin? As a miner, my primary job is to make sure my hardware is bringing in the most money it can.

I have been reading a lot about litecoin being less profitable then bitcoin, litecoin difficulty going down...

I googled a bit and found no information.

Does any one know why litecoin is "Going down" or if it is even true ?


I am still mining away, I make 50ltc's within about 2ish weeks, but I am wondering if I should exchange now or wait. I am also wondering if I should change the mining of my rigs to go back on bitcoins.

(all in all I don't think I would earn or see that big of a difference, my hash rates are 1550Mhash or 1650Khash)


I am just curious as of what people think, I hope I can be enlightened.

Because people are leaving the network, and when hashing power drops, less coins are found that hour, so the system changes difficulty to ensure x-coins are still found per day. EG, if we all left, the difficulty would drop fast. If we all came back, it would instantly rise as soon as we started generating massive amounts of coins.

https://blockchain.info/charts/hash-rate
(That shrinking line to the left is us GPU miners... The rising line on the right, is the ASIC's being added to the network.)

BTW, that is a potential attack... If the difficulty drops real low, then everyone instantly comes back, everyone with these high powered machines will find coins faster than the system can calculate and adjust UP the sensitivity. Thus, making more coins available that day than should have been created. I would be willing to bet the ASIC guys will attempt this in the future.

Not to mention, when you have all that processing power in one location, and it goes down, that makes it a miners heaven for us little guys. Because of that drop in difficulty.

The ASIC's are touchy... look at the charts that show hashing power of the entire network, they keep crashing. The pools show similar results, as they crash, and the pie-slice for them drops down to a fraction of what it is, when they are alive and actually processing. I am not sure if it is hardware failures or network failures from DDOS attacks, but it is something real. (Hardware and network errors for ASICs have been reported. They occasionally have to "shut down" and reboot, to continue mining.)

We'll see this do some funny stuff I think.

Mining is leaving the world as a hobby and stepping into a serious business with a serious investment and competition. We'll see who is serious enough to stay in, those that won't will retire/sell their rigs. In the face of ASIC all bitcoiners are separating this way now.

I quit mining for the summer and have no desire to look into Litecoin mining. I can't take all the credit for the decline, however, I was not responsible for over 4TH.

I'd expect LTC to drop to < 400 at next retarget. Last 10 for BTC is 1.7x, so that .99 was probably just a blip.

Whether it's all the hashrate or not hasn't been confirmed or denied. Just that some of it is. The blocks are already being created and identified by blockchain.info, around 10% of network hashrate is AsicMiner soloing.

That post was made yesterday and there are already 9 pages of comments? Holy crap no wonder I was unaware.

So are they pulling all of their hashrate off the pools and going solo?

I'm pretty sure they won't move everything there, alteast they haven't informed us about it.

I do hate that topic, 90% posts there are useless and just take away the pleasure of reading Friedcats posts.

https://bitcointalksearch.org/topic/m.2212464

Thread? Where did they say this?

Lol keep dreaming.

so u say there is no chance to go down ?

They're moving to solo mining.

It's not offline, just not all on BTC Guild anymore.

Sadly, it will keep going up, don't look at those estimates.. :/

Up a few percent now for bitcoin. Litecoin is going down because so is it's value, it's less profitable to mine than bitcoin currently.

AsicMiner's hash rate on BTC Guild  has dropped from 13 Thash to 8. So some of their kit is offline at the moment. Probably temporary while they plug in yet more boards!

bring it down !!!

It can go down, just doesn't happen too often. Not sure what is causing this drop, but im not complaining 

It can totally go down. The point of retargeting difficulty is to keep the block construction rate constant in response to change in hash power on the network. Less hash power means less difficulty in order to keep transactions verified at the same rate.

how is it possible that can HR diff go down? thought it only went up

Hopefully that estimate is pretty accurate and difficulty does go down 

https://www.litecoinpool.org/stats

Network Hash Rate   14,338,509 kH/s
Expected Time per Block   2 min 57 sec
Current Block   356,251
Current Difficulty   593.04678646
Next Difficulty Estimate   544.38062459
Time to Retarget   1 days 04 hours


http://dot-bit.org/tools/nextDifficulty.php
Last change           235872   12/05/2013 19:15   11'187'257.46   x1.06
Last 120   236978-237098   19/05/2013 22:43   10'136'701.03   x0.91
Last 10   237088-237098   20/05/2013 18:33   8'350'776.91   x0.75
Next                   37888   26/05/2013 22:06   11'093'119.71   x0.99


Is this true? or what's going on? is it stabilizing?