Why is Dash pricing going down and why is difficulty going up and down

Joecolmenaresv

newbie

Activity: 27

Merit: 0

Quote from: sevenmiles on October 05, 2017, 10:21:32 PM

a lot of people are using auto algo switch tools, so when pricing go down, their miners just automatically switch to other algos, and when pricing go up, the miners then switch back...
for example...mingpoolhub...
https://miningpoolhub.com/?page=statistics&action=autoswitches
AUTO SWITCHES
You can mine coins based on best profit reward automatically by setting Auto Switch to your workers using hub.
Connect your miner to appropriate algorightm port(12XXX) and set auto switch on "Hub Workers" page.

Yes, that is one good reason! Thank you

Joecolmenaresv

newbie

Activity: 27

Merit: 0

Quote from: Dhodge87 on October 05, 2017, 09:19:51 PM

Basically all the people who have the D3 miner are causing the difficulty to exponentially rise while the market demand remains the same if not worse.

Basic supply and demand as of now the dash market is being flooded!

I hope you did t pay above msrp for your miners as of this response a single D3 with power cost of $0.12/KWH is earning $600/mo profit and that is dropping by $5-$10 per day, in about a month the D3 might make half that if the difficulty level continues to follow the current trend!

Thank you, I know that, recently, new batches arrived to their destinations and new machines have been connected, however that would explain why difficulty goes up, but why does it go down also some days. I was thinking maybe Bitmain has 20-30K machines connected that they can hook up or disconnect as they feel pertinent.

As for the electricity, I pay less that $3 / month with 25 machines currently connected, so it is not an issue. Grin

Thanks

sevenmiles

full member

Activity: 196

Merit: 100

a lot of people are using auto algo switch tools, so when pricing go down, their miners just automatically switch to other algos, and when pricing go up, the miners then switch back...
for example...mingpoolhub...
https://miningpoolhub.com/?page=statistics&action=autoswitches
AUTO SWITCHES
You can mine coins based on best profit reward automatically by setting Auto Switch to your workers using hub.
Connect your miner to appropriate algorightm port(12XXX) and set auto switch on "Hub Workers" page.

Chan8

sr. member

Activity: 378

Merit: 250

Quote from: Joecolmenaresv on October 04, 2017, 10:10:45 PM

Can someone explain the reason the Dash price is going down and the mining difficulty is varying so much. earlier today was at 6.9 million and right now it is at 4.4 million.

i am concerned as I have ordered several D3s for mid November.

Thank you!

Maybe this may help a bit. Regarding difficulty varying so much.

https://bitcointalksearch.org/topic/dash-mining-problems-algo-dgw-difficulty-adjustment-1945062

Dhodge87

newbie

Activity: 57

Merit: 0

Basically all the people who have the D3 miner are causing the difficulty to exponentially rise while the market demand remains the same if not worse.

Basic supply and demand as of now the dash market is being flooded!

I hope you did t pay above msrp for your miners as of this response a single D3 with power cost of $0.12/KWH is earning $600/mo profit and that is dropping by $5-$10 per day, in about a month the D3 might make half that if the difficulty level continues to follow the current trend!

Joecolmenaresv

newbie

Activity: 27

Merit: 0

Can someone explain the reason the Dash price is going down and the mining difficulty is varying so much. earlier today was at 6.9 million and right now it is at 4.4 million.

i am concerned as I have ordered several D3s for mid November.

Thank you!

Topic: Why is Dash pricing going down and why is difficulty going up and down (Read 644 times)