I look at these market incentives another way.
There are buyers looking for large lots hoping to shake the weak hands of those who have been holding onto large bags for years.
Another way to look at things is by comparing our prime generation with Primecoin.
We've had an uptick and difficulty levels are in the 9.83 range right now compared to Primecoin at 10.98.
Over the last 12 months, XPM has gone from 4 cents to 89 cents.
Both the Primecoin and Datacoin network share very similar performance characteristics yet we've bundled an additional feature to add value.
Time will tell how the market reacts. Maybe someone should work to help shift some of the XPM mining swarm over to our chain.
I think that will help quite a bit.
It would also be good to have a page kept up in realtime showing the profitability of mining XPM versus DTC so we can track our own flippening there.
Chicago you make a lot of sense. The price of a mineable cryptocurrency seems to track the difficulty, which is related to the mining. So if you want to increase the price, you should mine to increase the difficulty.
Weird, I know, but you have spotted the method in the madness. The other factors in the price are the number of wallets and the number of exchanges.
The mechanism for this behaviour is probably the dynamic difficulty adjustment algorithm. The more hashpower you throw at the network, the lower the block reward. This means that the number of coins produced per day drops, because the block time stays the same. At the moment we are adding about 14000 coins per day to the circulation. Add more miners and that would decrease to 10000 or even 8000. Add massive mining pools and you could literally choke off the supply of Datacoin. While sending the price through the roof. I have been in contact with one XPM pool and I gave them our code when they asked for it.
@muf18 there is your answer. Mine some Datacoin. You will give yourself some free coins AND you will increase the price of Datacoin. A win-win no?
Cheers. It has been a great day.
-extro