Quote from: jstefanop on March 09, 2018, 05:41:38 PM

Quote from: kenji on March 09, 2018, 02:51:04 PM

Quote from: jpl on March 09, 2018, 05:52:22 AM

A little confused as to why this miner difficulty got worse? One would think that more people mining, it would become easier. .. or better yet, a 'fixed' mining difficulty rate.

If the price keeps declining, the difficulty will adjust, boosting profitability. If the price rebounds and begins to rise, the difficulty will continue to rise and catch up, but profitability should still rise.

The only ones losing out on this are the ones selling their machines and/or selling their coins. The winners are the ones that hodl.

Lol you wish buddy. Thats not how it works...Currently nearly 100% of the miners on the network are all L3+/A4/L21, which still have a very large margin of profit before power. The difficulty will only continue to go up especially this month with all the L3s being shipped (10s of thousands), regardless of what the price does (unless there is a massive dump, but even still people wont start turning off this generation of miners until $50 LTC or so).

What did I say that contradicts what you just said? Nothing. What I said is exactly how it works. I didn't say how long it would take for anything to happen, you just assumed I meant sometime soon.