Q1: The rise in price would make mining more profitable. However, it also attracts more miners, increasing difficulty. I seriously doubt GPU mining will ever be profitable again as ASICS will always make more bitcoins and if price has gone that high then people will invest in even more ASICS.
Q2: I think the idea is that if BTC price is shooting up you want to sell your altcoins to be in BTC. But that is just a guess.
Good Luck!
Q2: I think the idea is that if BTC price is shooting up you want to sell your altcoins to be in BTC. But that is just a guess.
Good Luck!
So, the difficulty change/increase due to hash mining pointing to the coin. All this makes the question clear to me. Thank you.
Yes. A good way to think about it is like this:
There are 50 coins per block. There is one person mining, at 10 MH/s. The difficulty is now 10. He earns all 50 coins every block since he mines them all.
Another person starts mining at 10 MH/s. The difficulty is now 2x, or 20. Each person earns around 25 coins per block since, on average, each will get 1/2 of the blocks.
