Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Altcoin Discussion
Re: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools
by
Isepick
on 27/08/2011, 17:45:42 UTC
Quote from: navigator on August 27, 2011, 05:30:21 PM
Quote from: Isepick on August 27, 2011, 03:20:19 PM
Edit: and at current difficulty (16,819), the exchange rate has to fall below .009 before mining SolidCoins is less profitable than Bitcoins.

At difficulty 16819, the parity would be 0.01455053 right?
(16819 / 32) / (1806098 / 50)

You are correct. I forgot about the 32 coins  Tongue  It briefly dipped below parity earlier today. Still, as someone elsewhere said, 'I do not mine for what the price of coins are today, I mine for what they will be in the future'. All miners are inherently long on whatever coins they are mining, and it appears by the network graphs that more and more miners are long SolidCoins.