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.