No, you would mine at a higher multiplier such as x16 until the difficulty level goes down to a level you like. Keep in mind this is only really possible in the early stages of the coin (like right now). Once the difficulty level gets low (around 200k) you could crank up the hashpower and the multiplier to x4096 or something even higher and start mining a ton of coin.
But i've tried from x1 to x16 and the difficulty remains the same.
I guess i would have to wait more ?
The difficulty level of BitcoinV adjusts every 48 blocks, much quicker than Bitcoin.