Post
Topic
Board Mining (Altcoins)
Re: DIY FPGA Mining rig for any algorithm with fast ROI
by
e97
on 16/05/2018, 05:44:22 UTC
I don't see where the idea comes from that increased mining hashrate increases a coins' price.
A higher gold price causes increased interest in gold mining, not vice versa.

I believe the thinking is:

faster hash rate = more coins = more profitability -> drives more miners -> more interest => more speculation on the coin

There are some iffy transistions but that seems to be the 'pump dump' / penny-crypto way