Post
Topic
Board Announcements (Altcoins)
Re: [ANN] GOBYTE [GBX] - Masternodes, PoW, Secure, ASIC Resistance, & Decentralized
by
Nebell
on 16/01/2018, 11:21:48 UTC
Can anyone explain why reward decreased so drastically over the last week or two for most NEOSCRIPT algorithms? Is this related to more people mining these coins/difficulty change or something else as looks a huge drop to be affected just by minners number/difficulty change? A week ago I was able to get 2coins of GBX and now can not get even 1coin. 

Dude, GBX went from $35 to $80 in a week. Of course difficulty will go up.

So to answer my question is more miners? I do understand when it becomes more profitable to mine people switch to another altcoin but so much in a week?

Yes, more miners.
And also NiceHash and the likes farm. Once a coin becomes too profitable NiceHash users focus insane amount of hashrate to a single coin increasing its difficulty by a lot. NiceHash and alike are cancer for the mining community.