Quote from: adam1230 on February 07, 2014, 07:27:44 PM

Quote from: elfuego on February 07, 2014, 07:20:17 PM

Quote from: adam1230 on February 07, 2014, 07:07:56 PM

Quote from: sinnyc on February 07, 2014, 06:57:57 PM

Topping Coinwarz again. Difficulty is going to nearly double in 12 blocks.

Prepare for another surge!

could you please explain, what the difficulty got to do with the price of the coin?

and if, why did it dropped so fast 2 hours ago?

In general... higher difficulty precedes higher price... obviously there are other factors (a slow exchange, groups of bagholders dumping, etc...) but in general, difficulty does influence price because if its harder to mine is worth more.

Price dropped so fast earlier because it climbed so fast. Then some weak handed holders dumped.

That´s right. 1 GH/s should be around 10$/day. If you mine 1 coin with 1 GH/s than the price should be around 10$ each, if you mine 1.000.000 coins than 10$/1.000.000... and so on.

If a coin is very popular it´s above $10 and if it´s above 10$ more miner will start to mine it... more miner = higher diff = higher price...

If coin holders are dumping - because they are greedy or in panic - the price will go down, the miner will leave... and so on.