Post
Topic
Board Altcoin Discussion
Re: [XPM] Working on a GPU miner for Primecoin
by
bidji29
on 04/08/2013, 10:36:25 UTC

This is a persistent misconception; all cryptocoins are generated at a static rate. The mining capacity/hashrate thrown at it has no real impact on the price of the coin, because mining hashrate has no net impact on generation rate - that is why difficulty goes up as you apply more computational power (total network hashrate).

The only thing affecting XPM price now is speculation. The only thing which will ensure longevity of its value is market support (ie. a XPM economy).

Kate.

XPM is not generated at a static rate. Because the reward goes down as difficulty goes up. Right now there is 18k coin a day. But with GPU miner out, it can easily go 10K/day or even 5k.