Did a multipool jump on this coin? In the space of a few minutes, difficulty increased more than 400 times, from 0.01833996 to 8.52404643. Roughly doubling each block. Now nothing has been found for 30 mins.
They sure did; Network hashrate is now at 1.09~ GH/s according to my pool software.
The hashrate would be based on the difficulty, right? As I mentioned above in my edit, the massive increase in difficulty does not seem to correlate with the actual time between blocks.
Expected in 3 1/2 minutes: 7
Actual in 3 1/2 minutes: 10
So a 42% overshoot... not a 46000% overshoot.
In addition, the price on Cryptsy looks fairly stable, so there wasn't a sudden change in value that would cause a multipool to jump in. So why has difficulty shot up so much?