LiteCoin Difficulty going down? Will the price drop?

Searing

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Clueless!

Quote from: NattyLiteCoin on November 28, 2015, 06:27:39 AM

It was -16% now it's -10%. At the end of the block cycle it will be about-8% and at the beginning it will be about +10%. These large farms have maintain their shit, it's just common sense, there's no link for that.

How exactly does this work? Like what is the 'timing' trick...shut stuff off ...turn it back on? Use small words I'm kinda dense..(investing in this whole 'virtual money" thing don't ya know)

NattyLiteCoin

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If you don’t believe, why are you here?

Quote from: NattyLiteCoin on November 28, 2015, 06:27:39 AM

It was -16% now it's -10%. At the end of the block cycle it will be about-8% and at the beginning of the next it will be about +10% and they'll mine easy coins. These large farms have maintain their shit, it's just common sense, there's no link for that.

NattyLiteCoin

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If you don’t believe, why are you here?

It was -16% now it's -10%. At the end of the block cycle it will be about-8% and at the beginning it will be about +10%. These large farms have maintain their shit, it's just common sense, there's no link for that.

balanced190

newbie

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I think that if the difficulty goes down, the price do the same

Searing

copper member

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Clueless!

Quote from: NattyLiteCoin on November 27, 2015, 02:41:18 PM

Just a farm(s) moving or being upgraded, not that big of a deal.

any particular link to a farm of such a size doing such? I mean we are looking at 16% or so drop last 14 says say...and at 10% as I speak with around 2 days to go drop too boot

seems a bit much for one farm having issues or whatever

and again if it is a farm i'd think there would be some crypto press on such a dump ..but nada ...so again still confused

NattyLiteCoin

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If you don’t believe, why are you here?

Just a farm(s) moving or being upgraded, not that big of a deal.

othe

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Quote from: Searing on November 27, 2015, 04:33:44 AM

Well it is frigging nuts now... LTC difficulty has drop'd what 16% last 2 weeks and shows with 3 days left or so another 16% drop yet price is stable and going up

wtf did everyone decide thanksgving was the cut off date for not running unprofitable 600w gaw 23mh miners or some such?

i started with orig knc titan miner 11/8/15 at 1169 gh ltc hash rate ...last hashrate was 1142 gh wtf?

is it like a 'frogger reboot" the road looks clear but its a trap?

anyway i see nothing on why it is dumping in difficulty...right after halving I'd get this ...3 months late it has me confused

just saying..others on here with more smarts then myself?

One explanation might be that people shut down their miners because they are travelling to their families and don´t want to let them run without being able to montor them.
I also do that over xmas, so that might explain a bit of the hashrate drop.

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Well it is frigging nuts now... LTC difficulty has drop'd what 16% last 2 weeks and shows with 3 days left or so another 16% drop yet price is stable and going up

wtf did everyone decide thanksgving was the cut off date for not running unprofitable 600w gaw 23mh miners or some such?

i started with orig knc titan miner 11/8/15 at 1169 gh ltc hash rate ...last hashrate was 1142 gh wtf?

is it like a 'frogger reboot" the road looks clear but its a trap?

anyway i see nothing on why it is dumping in difficulty...right after halving I'd get this ...3 months late it has me confused

just saying..others on here with more smarts then myself?

Acesbomb

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Thanks for the answers.

stevegee58

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Quote from: Acesbomb on April 03, 2013, 05:18:46 PM

Why did it go up? What makes difficulty go up?

It tracks with hash rate. More miners -> higher hash rate -> higher difficulty.

citboin

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Quote from: Acesbomb on April 03, 2013, 05:18:46 PM

Quote from: stevegee58 on April 03, 2013, 03:35:55 PM

Quote from: Acesbomb on April 03, 2013, 03:32:06 PM

I'm confused, didn't Litecoin difficulty go up not down?

Well duh, of course it did. People like me with piddly little GPU rigs are switching over to LTC mining in anticipation of losing all mining profitability.
BTW I'm now making 2x more BTC in the form of LTC than I was last week mining BTC directly because of the higher LTC/BTC valuation. Cool

Why did it go up? What makes difficulty go up?

If blocks are produced faster than the target rate (for litecoin, this is 2.5 minutes per block), then the difficulty increases. If blocks are produced slower, the difficulty decreases.

Acesbomb

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Quote from: stevegee58 on April 03, 2013, 03:35:55 PM

Quote from: Acesbomb on April 03, 2013, 03:32:06 PM

I'm confused, didn't Litecoin difficulty go up not down?

Well duh, of course it did. People like me with piddly little GPU rigs are switching over to LTC mining in anticipation of losing all mining profitability.
BTW I'm now making 2x more BTC in the form of LTC than I was last week mining BTC directly because of the higher LTC/BTC valuation. Cool

Why did it go up? What makes difficulty go up?

gramma

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Quote from: stevegee58 on April 03, 2013, 03:35:55 PM

I'm now making 2x more BTC in the form of LTC than I was last week mining BTC directly because of the higher LTC/BTC valuation. Cool

I'm keeping an eye on the math between the two, but right now I am running everything on LTC, also on GPUs. Sorry. I'm sure more will be headed this way. But I found it no where as easy to set up as Bitcoin is. Unless I am particularly dense, that should slow down the influx somewhat.

Tomatocage

legendary

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brb keeping up with the Kardashians

When is the block reward halving?

stevegee58

legendary

Activity: 916

Merit: 1003

Quote from: Acesbomb on April 03, 2013, 03:32:06 PM

I'm confused, didn't Litecoin difficulty go up not down?

Well duh, of course it did. People like me with piddly little GPU rigs are switching over to LTC mining in anticipation of losing all mining profitability.
BTW I'm now making 2x more BTC in the form of LTC than I was last week mining BTC directly because of the higher LTC/BTC valuation. Cool

Acesbomb

newbie

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I'm confused, didn't Litecoin difficulty go up not down?

Tesla71

sr. member

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33 Blocks to go: http://allchains.info/

mr_random

legendary

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Quote from: Sage on March 22, 2013, 12:16:34 AM

Price is not driven by difficulty. It's driven by emotion.

The spike in Litecoin was fueled by the fear of a weakness in Bitcoin with the blockchain fork.

Why do people keep spreading this rubbish? Litecoin shot up from 6 cents to 50 cents BEFORE the hard fork occurred.

efx

sr. member

Activity: 378

Merit: 250

Many sites have estimates. http://litecoinpool.org/stats and http://give-me-ltc.com/network are looking at different amounts of blocks to estimate the increase.

I expect to see a diff. of ~55, unless people start mining slightly early in anticipation.

gnarcoinguy

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Quote from: shinkicker on March 22, 2013, 12:12:38 PM

So it seems we're still at 96.15

How are people working out the difficulty drop and is it still likely?

We'll know in a couple of hours hopefully. The hashrate is still quite low, around 1.4GH/s, so if it holds, we should see the difficulty drop down to the high forties or low fifties. If it holds.

Topic: LiteCoin Difficulty going down? Will the price drop? (Read 7249 times)