Post
Topic
Board Altcoin Discussion
Re: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools
by
kernelpanic
on 23/08/2011, 01:02:16 UTC
Oh i see.  Excellent explanation. Thanks again Smiley  So it seems with my 2 GH/s i make slightly more mining solidcoins if the price is 0.0017 BTC/SC.  I guess I'll wait 12 hours like you suggested and check it out then.
Err... No.
At the time of your post, SC difficulty was about 2700

(2.7k/32)/(1807k/50) = 0.00233467

that's what btc/sc would have to be to end up +-0.

at 0.0017btc/sc, you're making roughly 30% less mining SC.

Is this evaluation ok?
Does it have no correlation with about 32SC ~ 3min and 50BTC ~ 10min ?


Seems to me it does take into account the time, because that is controlled by the difficulty.

However it does not take into account the block reward, so that would further lower the value of mining for SolidCoin (32/50).

But I think the bigger issue is which direction is the valuation going to move.  Given SolidCoin's current minimal value, there is the potential for great change in the exchange rate.  As more people become aware of SC, and potentially start mining it instead of BTC, there could be marked fluctuations that change the playing field.