I know. Just imagine that difficulty is 1. Then u need to go thru 65536 hashes. Not 2^32 as u wrote.
how sure are you about this?
also why divide by 0.05 and not multiply?
next quote proves that I'm right
2^32 * 0.05 / 33.000.000 = 6.5
To put it in perspective with Litecoin... Litecoin currently has a difficulty of 1.14442 and the block times are 2.5 minutes. If Liquidcoin gets popular and has as much hashrate as Litecoin right now (33 mhash/s), with a difficulty of 0.05, a block will be found every 6.5 seconds.
If I multiplied I would lower qty of hashes required to find a block. It has no sense.
My link to litecoinpool.org proves that I'm right too
Let's stop offtopic here, this thread is for other purposes.
PS: Difficulty could have different meanings, so 1st thing we should do is to define what difficulty ==1 for this coin is.