Quote from: Ruso21 on December 25, 2019, 06:14:01 AM

Quote from: adaseb on December 24, 2019, 05:37:14 AM

Quote from: lzy930313 on December 24, 2019, 12:59:50 AM

The network hashrate and the difficulty seem to have rocketed by at least 30% in the last dozen hours and according to https://miningpoolstats.stream/monacoin, 46.1% or the total hashrate is from unknown source. Any guess on what's happening xD?

I can't believe that this coin still exists. I think I remember mining it back in 2014, it used the same algo as Litecoin years ago and maybe they switched algos to something else. Had to check Coinmarketcap and "yes" the coin still exists.

Looks like it had a marketcap of $1 billion once during the Q4 2017 time and its been declining ever since.

My guess is that maybe someone wants to rent hashrate to gain some Mona instead of buying it on an exchange due to poor liquidity. So most likely someone might be mining it for the next few days/weeks and then it might get pumped on the exchange.

Either that or its the most profitable coin to mine with that algo since many miners are switching away from ETH.

you are outdated. Monacoin is a coin from Japan, they created this coin because they believe the potential of Crypto.
some companies pay partial salary with it because in some convenience store accept it.

Monacoin is the most profitable coin on Lyra2rev2, it is ASIC compatible and never saw some hardfork news.

little too early to say about the hashrate increase, i would see after this week.

Most likely the coin the Asics were targeting forked and they just moved to whatever was still profitable on the Algorithm.