Quote from: Tailgunner on September 14, 2018, 08:29:38 PM

True, obviously when a new piece of hardware releases the diff spikes. But I don't recall it ever causing much of a price difference.

Not at the beginning, but after few weeks to months it does, bitcoin is a very good example, is only worth what is at moment because difficulty makes that to happen, for example cut the difficulty in half, bitcoin miners will get 100% more profit, traders see that and see we are in a bear market, so bitcoin would be 3500 usd right now instead of almost $7k, now when we are in bull market then multiply that to 10 to 50 times. Difficulty, market price and how much miners are getting are all correlated given bear or bull market.

Quote from: Tailgunner on September 14, 2018, 08:29:38 PM

As far as I can tell all it does is cut out weak players from getting their slice of the pie.

Correct, at the beginning and then they slowly turn off their hardware as difficulty rises.

Quote from: Tailgunner on September 14, 2018, 08:29:38 PM

If anything newer efficient hardware would more likely drop the price as it increases the diff because these new miners can afford to sell it for less and still take a profit.

Also at the beginning, but many things are correlated to others, will they sell those coins for money or not? if they do then they will get much more money for a short amount of time and that will be gone cause the difficulty will tell them, hey if you sell right now you are doing it wrong cause cost is still high and profit is not but after few weeks to months, price will increase again to compensate the rise in difficulty.

Quote from: Marvell2 on September 14, 2018, 08:33:09 PM

Gave you some merit, this guy gets it.

Any miner with half a brain will stop mining ETH , mine XMR or a progPow coins till more coins switch over , that way all the stupid games that hidden asics makers are playing will be seen

XMR at moment and it has been for a while the best coin to mine and support if you have a gpu. ETH network hashrate is crowded with asics since October last year, 60 to 70% of miners are asics, eth devs dont want to reveal the truth cause probably they were bribed or threatened by asics companies.