Let me know when LTC goes up
Topic: Your opinion about LTC price\difficulty divergence. (Read 574 times)
Let me know when LTC goes up
I would explain it this way.
Bitcoin got popular, people started buying computer hardware to make money. However not all of them are educated enough to realize that there are altcoins that are much profitable to mine, all they see is what is on BTC-e and what the troll box is saying. I would keep mining altcoin and making money while i can.
Bitcoin got popular, people started buying computer hardware to make money. However not all of them are educated enough to realize that there are altcoins that are much profitable to mine, all they see is what is on BTC-e and what the troll box is saying. I would keep mining altcoin and making money while i can.
Is that normal ?
- Why this is gonna happening ? The next difficulty seems to be ~690 (#litecoin vitbot):
network info [LTC] > Current Block: 370298 || Difficulty: 650.534914 || Next Difficulty : 692.4811 in 646 blocks - 1 Days 1 Hours 18 Minutes
- Why the network rate is increasing and the price is dropping ?
I always knew, it always said, that one can not attribute a close relationship, between difficulty and price action, but we are reaching a level where mine is no longer affordable, even for those who pay very little electricity.
Assuming that FPGAs and ASICs are not out there, not with large hashrates, at least, is it because of botnets? IMHO, yes, and botnets will destroy the currency. The master of botnets do not care if the currency is devalued and the difficulty rises, so he will not pay the current in each case.
I'd like to know how other people think.
- Why this is gonna happening ? The next difficulty seems to be ~690 (#litecoin vitbot):
network info [LTC] > Current Block: 370298 || Difficulty: 650.534914 || Next Difficulty : 692.4811 in 646 blocks - 1 Days 1 Hours 18 Minutes
- Why the network rate is increasing and the price is dropping ?
I always knew, it always said, that one can not attribute a close relationship, between difficulty and price action, but we are reaching a level where mine is no longer affordable, even for those who pay very little electricity.
Assuming that FPGAs and ASICs are not out there, not with large hashrates, at least, is it because of botnets? IMHO, yes, and botnets will destroy the currency. The master of botnets do not care if the currency is devalued and the difficulty rises, so he will not pay the current in each case.
I'd like to know how other people think.
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