Why is the difficulty so low ?
Farms kicking in and out, playing with the difficulty.
The coin is great, but when farms kick in, it's pretty much their coin.
That is what they think, but this isn't accurate. Difficulty isn't the only thing moving here, but blocktimes. Jumping on an off with a huge hash won't get them any advantage here, read about the difficulty retargeting in the OP and in the whitepaper.
I know what you're saying, but the longer block times still doesn't really help us smaller miners.
But it causes problems for pool hoppers, which on the long run should demotivate them. The coin launched with a long solo mining phase which was well announced previously, that was perfect for smaller miners, currently with this price level it is clear that people with 1-2 gpu's and higher electricity costs will not profit from mining here. Either you mine because you believe in this, or mine something more profitable and buy VNLs from BTC earned elsewhere.
Ofcourse if you are a developer and can further optimize your miners like Wolf0 can, you could still potentially profit (not much), but honestly the price is 2 low currently compared to what the coin will offer in the future.
We simply have no hype and also don't intend to cause huge hype waves since we still consider this a beta.
I think the coin is still profitable with two bigger AMD cards, but what I feel like is that either the pool operators or the algo itself should make some implementation as to how many mh/s can technically be allowed from one ip/user/account as to make it fair game. Right now at supernova, the guy with the highest hash has enough hash as adding up all the rest of the miners in the pool and that's a bummer.
Because of that, no one else could leave the pool as no other pool would get nearly as many blocks, and like they say, more than 50% of hash at just one pool can kill the coin.
This is all the stuff that we already know. As far as miners go, it's all a dev's game that even make coins mineable. AMD from what I see, has more dev's and better support in their miners, compared to Nvidia, even though the Maxwell architecture is far for better per watt. And just like you said, my partially optimized whirlpoolx miner by sp and others e.g. gives me 292 mh/s @ OC'ed 980 at temps peaking at 37C, while taking just 60% of the overall TDP. Meaning that while it can go further, we just need more support.
And I'm actually doing the opposite of what you said, by actually selling this coin and buying something that I consider a little more valuable for the future.
What is this more valuable coin ?
