Why is difficulty going up so fast?
cyberspacemonkey last edited by cyberspacemonkey
Hi all, does anyone have insight on why difficulty is rising so fast and if might stabilize or go back down a bit? Or at least I hope price continues to rise which would also help.
@cyberspacemonkey The price of the coin went from 50 satoshis to today's 750 satoshis. That put the coin onto a lot of peoples radars, and a lot of them started mining. These forums have been up for about 18 months, and as today have a little over 6,000 registered members. 1,400 of those signed up in the last month. Signups are currently over 100 new users/day.
cyberspacemonkey last edited by
@haitch Thats good news, I think people are finally realizing the advantages of PoC mining versus other types, based on market cap and with a conservative estimate Burst price can easily go up 5X. What I don't like is the lack of progress on upgrading the code and adding new features, it's still pretty much just a NXT clone that you can mine with hard drive.
@cyberspacemonkey I'm not a core/wallet developer, I just provide the web infrastructure here, but it's my understanding that there are going to be a whole lot of significant updates in the next wallet release.