Topic: So you think that the Bitcoin difficulty increases are bad? (Read 1120 times)
Coincidentally, ALL AMD Radeon GPU's are SOLD OUT everywhere. Gosh, people must have discovered video gaming!!!
Litecoin difficulty has just about doubled in only a couple weeks.
Litecoin difficulty just jumped by over 20%.
Now that might not sound as bad as some of the recent Bitcoin difficulty jumps but remember, Litecoin re-targets the difficulty four times more often than bitcoin so that would work out as the equivalent of Bitcoin difficulty more than doubling in one jump.
I wonder, will the folks who are rushing out to buy more GPUs ever see a profit? At least it is easier to sell a used GPU than an ASIC that is no longer worth mining.
But it was a good few weeks for those who already had a decent number of GPUs hashing away.
Now that might not sound as bad as some of the recent Bitcoin difficulty jumps but remember, Litecoin re-targets the difficulty four times more often than bitcoin so that would work out as the equivalent of Bitcoin difficulty more than doubling in one jump.
I wonder, will the folks who are rushing out to buy more GPUs ever see a profit? At least it is easier to sell a used GPU than an ASIC that is no longer worth mining.
But it was a good few weeks for those who already had a decent number of GPUs hashing away.
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