After several blocks of LBRY....
I have found the reason for the drop when exchange happens is because the reward per block increases over time. Its not a good holding coin... literally a mine and dump it seems. Not sure how that's profitable, but it is for us that way.
By the time the block matures the value of those coins seems always to get adjusted by just about 25% (-1/4). Which still isn't bad.
When pool hashrate is under 3Gh, pool luck is exponential. I have gone ~ -0.014-18 in my trial period so far vs. mining straight lyra2.... but the days we have higher hashrates; and get 1-3 blocks a day, it pays over 2X lyra2.
One of the curses of a high diff long confirm coin =)
Anyone else seeing close to the same results?
The theory makes sense but I don't think the math adds up. The price of LBC has dropped 10% over te past week, that's a lot less
than the value adjustment when the pool exchanes a block. The inflation caused by the increasing block reward will have a negative effect
on price but the data doesn't support such large losses.
I have also noticed the value of a pending block fluctuates while it matures, presumably reflecting exchange rate fluctuations.
If so the value should always be current and there should be no significant change in value when the coin is exchanged.
I'm not sure it's only happening with LBC, it may be more apparent because of the high block value. I have also noticed significant
drops in the exchanged value of MONA and VERT but it's more difficult to confirm it's the same behavoiur as LBC.
