Author

Topic: LTC difficulty (Read 965 times)

newbie
Activity: 56
Merit: 0
May 11, 2013, 11:21:35 AM
#8
the miners stopped the mining on FC and CNC so they returned to LTC and thats why the jump on the diff level.
legendary
Activity: 1484
Merit: 1026
In Cryptocoins I Trust
May 11, 2013, 11:03:24 AM
#7
Dunno how prices are not climbing either.

Price doesn't follow difficulty.

Difficulty follows price and profitability.

Although, lately, even if profitability goes down, the network speed doesn't go down too much. This is a good development.. it means there are more dedicated LTC miners than there was some months ago, thus making the network stronger.

I am very excited for the future of Litecoin, I think it is quite bright!
sr. member
Activity: 308
Merit: 250
May 11, 2013, 10:57:51 AM
#6
After 100+ points jump, most expected it would drop a lot, but

Current Difficulty   596.88735373
Next Difficulty Estimate   636.87248392

This is crazy.

Keep in ming that right after a retarget, the difficulty estimates are way, way off. It was 685 when I fiurst checked and now 628 this morning.

Not sure why it's that much off, but maybe people jump ship due to decreased profitability.

.b

Yep its exactly this, woo 7970s now earning 1.2LTC a day

 -.-
member
Activity: 61
Merit: 10
May 11, 2013, 10:49:57 AM
#5
amazing
sr. member
Activity: 294
Merit: 250
http://coin.furuknap.net/
May 11, 2013, 10:46:38 AM
#4
After 100+ points jump, most expected it would drop a lot, but

Current Difficulty   596.88735373
Next Difficulty Estimate   636.87248392

This is crazy.

Keep in ming that right after a retarget, the difficulty estimates are way, way off. It was 685 when I fiurst checked and now 628 this morning.

Not sure why it's that much off, but maybe people jump ship due to decreased profitability.

.b
hero member
Activity: 770
Merit: 502
May 11, 2013, 10:36:10 AM
#3
Dunno how prices are not climbing either.
newbie
Activity: 29
Merit: 0
May 11, 2013, 10:33:42 AM
#2
legendary
Activity: 1441
Merit: 1000
Live and enjoy experiments
May 11, 2013, 10:31:33 AM
#1
After 100+ points jump, most expected it would drop a lot, but

Current Difficulty   596.88735373
Next Difficulty Estimate   636.87248392

This is crazy.

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