Quote from: farvali on March 14, 2014, 12:20:24 PM

Quote from: mamleader on March 14, 2014, 11:47:43 AM

difficulty is now going down good thing for miners make more coin at current diff :-)

oh yeah, feel so good! mining tons of foxes now Wink

The corollary to that low difficulty is that the total network hash rate is back down to a low rate, which shows that not many people are interested in applying hashing power to the coin. That's the whole point of the Kimoto Gravity Well: to quickly adjust difficulty to match up with the total network hashing power, which acts as a counter-force to those who engage in pool hopping.

Those of us who stick with the coin when others lose interest gain some benefits, but without a solid base of well-distributed hashing power, the coin will remain at risk of a 51% attack, and with a very low total network hash rate (as we see with these very small difficulties), that risk amplifies substantially.

We can't have our cake and eat it too... to be successful long-term, the coin needs enough interest from the crypto-currency community of miners to get them to devote some significant amount of hashing power. That's why I was happy to see that (brief) spike up to the 250 Mhash range, since it indicated renewed interest. That has dropped now to less than 10% of that value, and I've seen it as low as 5% of that.

Despite AnonyFox's complaints about "price hype", we have problems to solve if the coin is going to avoid collapse from multiple 51% attacks... and that calls for getting a LOT more people to pay attention and mine it, and having a rising trading value for the coin is one of the historically most successful means of attracting attention. Sure a lot of it will fall away eventually when they see that the Kimoto Gravity Well makes it less exploitable from a difficulty-manipulation standpoint, but some of them would be likely to stick around.

I think we need the big surge in interest if only to attract the small subset of those who will stick around in the long-term, establish a strong mining base to make the coin secure, and then move on to the next tier: adding USPs and distinctiveness to get word-of-mouth going from OUTSIDE the current crypto-currency community, and get users who have never mined anything before to get their feet wet via in-wallet mining of FoxCoin. Just my two Fox, mind you.