Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
by
NickPortland
on 06/03/2014, 16:19:39 UTC
hashrate of Aurora on a serious rise


two hours ago it was like 190Mh/s...


EDIT: http://daft.cc/auroracoin/compare

Ok, I don't get it.. if price is tanking why are more and more miners focusing on Aurora now?

Because hashing rate and price are not that strongly related as some people here like to think.

But at current diff and price the coin is massively unprofitable. Even more so with the current declining price trend in mind.

So rationally hashing rate should decrease a lot.

Actually I'd like that, so that difficulty can go down to accessible level and the coin can pick up from there, this time with a slow, healthy growth.


Unless, some individuals, both traders and miners, are hoarding as many coins as they can with rising price expectations.