Post
Topic
Board Announcements (Altcoins)
Re: [ANN][AUR][MANDATORY UPDATE] Auroracoin - a cryptocurrency for Iceland
by
niothor
on 06/03/2014, 16:24:48 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.


So based on your assumption , the coin price would have to be -0.005 , right?
That's what hashrate tells us.

Look at bitcoin , hahsrate is 3x times of December while price is 1/2.

Also , there are coin that have been long abandoned , and still get a few MH , people who believe they are the next Satoshi and solo mine.