With the price surging why isn't the difficulty? Next change is in a few minutes and its going to drop 1%. You would think a bunch of people would switch to litecoin mining.
LONG POSTING!!!!
RAMBLING SPECULATION BELOW... BASED ON HOPE/PRAYER AND BOREDOM ....you have been warned (put me on /ignore I don't mind jeez I don't even know you are alive)
there are NO new pow scrypt miners in the works ...for data hall or home mining....there is no sha-256 bitcoin home miners although some for data hall equipment ...or on hold
till BTC price rises other data hall own use setups
thus stuff like a 50mh GAW War Machine say ..using (if I remember right) 900w or some such even at 3 buck LTC ..it just don't pay to run thus falling off the back end
of the equipment chain with no new equip in the future (for now) so remaining POW scrypt miners see less equip to compete against as time goes on and the difficulty dropping.
as far as I remember (feel free to correct) the way the waves of POW scrypt asic miners hitting the market was something like this lower end stuff was out sooner then
higher end stuff but the wattage to run any of this equipment was still high (compared to say the titans for more speed)
5mh
15-35mh
50mh
90mh
256mh
350mh titan batch 1
400mh titan batch 2
er something in that theme...so the 50mh used like big time watts compared to the Titan say..and NO and I mean NO... NEW POW scrypt miners filling the field at ALL (like used to happen with btc and ltc home miners remember the fun year of 2014 with difficulty rises from equipment glut...ah it was yecchy)
Also more folk now ..again imho ..are turning their older pow scrypt miners off even at the 3 buck price for LTC ...some of this stuff it don't pay to play
... ..especially the stuff UNDER say 50mh...in fact a person could make the case that the price is just a reflection of the pow scrypt miners that remain ..holding LTC or POW alts because at least on paper..it looks really really good at these prices and difficulty IF you have a high end miner like a 350mh Titan and IF you are holding etc etc so the price you see say for
LTC could be a result of those remaining miners having one last hurrah...until the equipment goes doorstop (remember scrypt-n all the titans went there and within a week the coins were no longer worth mining due to the difficulty rise of the titan folk mining scrypt n like a bat out of hell and holding till the collapse)
I too am holding (may jump out on a whim and convert to BTC) I would assume that as BTC price goes up and also the LTC price and/or other ALT scrypt coin prices
were to also go up and/or follow BTC's lead that say at around $5 LTC coin (along with my prev theory above) you'd hear about at least some folk getting some more pow scrypt equip out in the world..would take prob 6-9 months and they'd probably try to make it pre-order again (yech!) but again IF there is a market for an alternative coin(s) to BTC and IF the price was high enough....you could see more home miners and/or data halls etc of pow scrypt miners in the future....(12 buck LTC I'd bet on it then for sure)
as of right now the only company with proto-test chips out to users of bitcointalk etc along this line is ...sfards with its dual sha-256/scrypt chip has said as much
but anyway WHY difficulty is going down in my opinion .......as to if this is all a bubble before the crash ..due to speculative nature of alts ..no new pow equip scrypt in the works
of any note and what that means for future of LTC and other alts I've no clue...esp as difficulty goes down as in my case (2 titan(s) the amount of coin I make goes up every 3 days and the price has doubled ......sheesh......may be like a sled down the hill the ride was great the crash may be EPIC!
but nature abhors a vacuum....as they say.. ...so again my current assumptions are 1) If people really like LTC and/or other pow based scrypt alt coins as an alternative option to bitcoin ie the silver to gold analogy they will continue to plug along as a source of coin at around say .01 to 1 btc imho ..and again some of this on my part is that blockchain and sidechain action will for sure imho go to LTC for sure and prob the other top 10 pow scrypt alt coins .....making this first assumption of miner here more solid
2) if that is the case the price could??? rise to say 5 or 6 bucks on such side action demand for an alternative(s) coins to BTC .thus I'd assume the equipment logjam would break .....even if just srypt data halls the big boys will run
IF NOT
then with nothing but Titans at say 350mh at the end of the line a year from now no new equp etc ....last man standing....and say all other equipment rolling off the other end eventually because cost per scrypt pow coins are to expensive to mine..it will be like scrypt-N coins..boy could you miner a lot of them babies.......(ie but the coins are now worth zip because of lack of equip and infrastructure)
if that is the result then pow scrypt coin mining would go the way of GPU mining and any POW mining of any coin OR ANY SCRYPT POW COINS IN GENERAL at that point would be of just a historical note...ie dead as the dodo..Boat has sunk...that duck has quacked .....the president has left the building ..etc/etc/etc ...."THATS ALL FOLKS!...ouch!
But again I suspect ..people want an alternative to BTC and a blockchain sidechain apps works just fine on pow scrypt alts for future innovation as it does for bitcoin...so with this void
I'd suspect more equipment folk then sfards will be making pow scrypt equip in the future if the price is right on pow alt coins and say LTC (5-6 bucks is my guess) even if it is was just its own data farm (I would suspect KNC of doing this at least in a modest basis with even a small data hall for pow scrypt miners with titan module/cubes..if for no other reason they have the tech and the money..if I am correct on the above stuff I've been spouting here (doubtful) look for some kind of announcement from them first at say 6 buck coin would be my guess)
All the above is speculation on my part..and to further speculate..IF there is NEVER AGAIN any pow scrypt coin asic equipment made beyond the high end titan machines...well the whole pow scrypt concept imho is then dead as a doornail LTC/dodge/ they'd be all gone......you can't have a network with eventual difficulty rise running on nothing but last man standing titans on the calculation of electricity vs difficulty use...even if you are mining pow scrypt alts to BTC directly on say a multipool like
www.nicehash.com..it will all come crashing down to dust
So the catch is 1) Is there really room for alternative coins to BTC and if so are traditional POW scrypt alt coins like LTC/Dodge etc in that camp? (or are they dodo's?)
2) IF/Will the price go up to a point (say 6 bucks for LTC equiv for other pow alt coins) and would that be enough to get new pow scrypt miner equipment out there in the world
even on a 5-6 month timeline...er home miner or even just data hall $$$ for their own use?
my current bet is YES but again that can change on a whim and you need the 2 things above in conjunction for it to have any chance ......(scary times in pow alt world imho)
but then again what do I know I at one time bought from BFL (got refunded 1yr late) ... but still consider the source of the above
