Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPA] SpainCoin: freedom for Spain, LAUNCHED!
by
teomcmurphy
on 20/03/2014, 03:19:19 UTC
the difficulty is > 500 same as when SPA was $4-5/coin

I am still learning the mining terms and what they imply, but what you just said, does that imply the price should be higher?



difficulty is a parameter of the coin that determines how hard it is to find a block, i.e. how much hashing power it takes to generate any one coin

normally price and difficulty are cointegrated: a higher price attracts more miners, that raises difficulty. A lower price detracts miners and lowers difficulty. seeing price and difficulty move in opposite directions is odd

moreover, difficulty affects the tradeoff of mining vs buying the coin outright. if the diff is low you should mine the coin to acquire it. the higher the diff the more attractive it becomes to buy the coin rather than mine it