No its not. Its at 1544 seconds right now, taken the average over the last 100 blocks. The calculation mechanisms are all too slow to keep up with the volatility of this coin lately. And because the average blocktime is so high now, the difficulty will also take longer and longer to decrease. They use a fixed step in difficulty adjustment each time a block is generated. When the current blocktime is above the desired time (90 sec), it adds a fixed step to the difficulty, and when the current blocktime is below the the desired time it detracts a fixed step from the difficulty. So with these very high blocktimes it takes waaaaaay longer to decrease the difficulty.

And things are not much better when hasrates do eventually go up again. As hashrate increases, blocktimes go down, and then the increase in difficulty will start to accelerate. So within no time you are back to an unmineable coin because the difficulty is too high again. The whole mechanism is completely unbalanced if you ask me.

So whoever came up with that algorithm....?


For me dubaicoin mining is just not profitable right now. Buying the coins is actually cheaper than paying for the electric bill of my mining rig. So ill spare my mining rig the devaluation and use it with another coin where its actually beneficial to mine.