If this coin loose the same value like from july till now, miners will stop working on it.
I doubt that. I have mined digibyte few months. The difficullty and so required amount of electricity usually stabilize. So if you mine 100 DGB per day and price falls for 50%, after difficulty adjustment you would mine 200DGB which are worth same as before if you convert them in FIAT.
The only problem I see in price falling is security of the network. Because there is less hash power.
The diff is falling with price? I thought diff is falling when workers leave network. But i mean the network security after miners leaving a coin.
When do workers leave network? When DGB aren't worth invested electricity.
I spent about 1.1€ per day for my miners to run. (Number from now on are fictional, I hope I didn't make any calculation mistakes)
1. day
Let's say the difficulty is 100 on day 1 and I mine 200 DGB. This means 1 DGB must be worth at least 0,0055€ for me to be worth mining at that time.
2. day
Price of DGB drops to 0,0040€. Difficulty is still 100. So I still mine 200 DGB and they are worth 0,8€ atm. (---->miners leaving)
3. day
Because miners left, difficulty drops to 80. I mine now 275 DGB which are worth 1.1€.
4. day
price of DGP goes to 0,050€ again. Difficulty is still 80 and I mine 275 DGB which are worth 1.375€. (<------miners coming)
5.day
...
I think there are many miners who are switching between mining different currencies and selling them immediately. So they mine the most profitable at the moment.
Guys, why are you blaming dgb in price fall?
Just check alts markets, all are in red! Maybe some coins less, some of them a bit more.
Of course if you bought at 1k sat it's hard to wait to the next rise of dgb, but if you are a trader you always can fix the loss and go to a new cycle to cover the losses.
Now I know how were things on this forum in 2014 and 2015. ...When smart people were buying.
