Topic: TRC network hash rate going nuts over the past 2 days - page 2. (Read 4070 times)

It looks like 200GH came from one source, up and down. Only ASICs can do that.

The question is, how difficult it is to retarget a ASIC miner from BTC to TRC?

why? how can you tell?

more likely fpga's and gpu farms being retargeted.

ASIC invasion?

We are quite pleased we got into TRC early  http://satoshiroulette.com/?mode=TRC

our casino is backed by ~8'000 TRC which we scooped up for a mere 2 btc  quite the profit if we did decide to cash out but we never do.
When we add an altcoin we are in it for the long run.

omg

exchange rate graph update, for the curious out here

I am biting my hands that I did not jump in from day one (just like I did with BTC).
Well, better late than never, as latecomers say.

True, and something that is unique for TRC (different from other chains!) is the really fast retargeting of the Difficulty. If this were LTC, and the difficulty jumped from 300 to 9000, and the big miners suddenly left when the profitability went down because of the diff increase, you would spend the next few days having to mine at 9000 (and making no coins). TRC will retarget in a few minutes so you smaller miners can go back to making coins and not suffer for someone elses massive hashrate.

In this case, because when the diff goes up, the profitability goes down, that means big miners interested in a quick cheap sell for BTC will have an incentive to move off the chain quickly (profitability drops) and then difficulties drops too, and profitability goes back up. So it makes a nice cycle. Will be interesting to see charts in the future that analysis this effect.

considering a coin is worth 0.003BTC.. you made some serious BTC (assuming you ever sell) in those prior days though!

Maybe- the problem with the theory is that the exchanges are open, anyone can buy and sell. So you always risk someone gobbling up your asks or bids and profiting instead of you. The value has more then trippled, so anyone who got involved at the start stands to profit 3x. Is this manipulation, or just the natural start of a new market?

This is also why it would help to have TRC on the largest alt exchange- BTC-e. With so many eyes on the rate it would be hard to manipulate it. There are so many bots on the site any moment you tried to unfairly manipulate the market they would see the advantage and take it from you.

TRC is easier to mine then LTC- what do I mean? Mining SHA-256 on GPU's takes less power and generates less heat.  Even though LTC is by far more profitable at the moment, there are obviously those GPU miners who see the potential in TRC. For example all the Bitcoin FPGA's that CAN NOT mine LTC, and will be USELESS to mine BTC can instead mine TRC efficiently. So many are probably figuring the opportunity lost from Mining BTC right now might be small compared the future profit of TRC.

Don't forget the example of RAIDO on BTC-E. He bought 5K USD worth of LTC at the very start- a MILLION LTC and later sold for $40,000USD. Of course we wished he waited until now to sell, but the reality is that the early big "hoarders" need to divest themselves of coins to get coins in the hands of as many other people as possible so that the economy gets WIDE before it gets deep. Speculation is a game of course- but it's critical to the development of any economy.

I think someone is also take this as supporting the network of vircurex, that's why he pulls all the alt coins up in vircurex.
Anyway just guess, maybe it's just the side-effect.

Price has caught up to make profitability over 100 again. :-) 

Difficulty is now at 9282 and it was at 300 last week

The only good new/bad is profitability has dropped below 100% BTC currently 82.82%

its funny going from mining 500 coins a day to 5 lol

Looks like it started about 3 days ago lmao

Let the pumping start.......................

price follows the same curve: