I believe it's a combination of both, your theory is valid tho and phill has pointed that out a while back, altcoins mining gears make a lot more money than BTC mining gears when power is the only factor, but this can't be the only reason, because even the manufacturers that are not known to be making altcoins mining gears and focused mainly on BTC gears aren't making enough gears.
It is both, the question is whichever is greater problem, but regardless, this means we will probably be looking at a very low change in diff in next year or so, IMHO.
P.S. My post got deleted, I dont know why, I'm new here but I'm open for guidance on what I did wrong.
Its complex as to why your post was deleted.
I will try to simplify it.
BTC = the one and only coin of note in this section.
So we have some that believe this and insist that the section remain only BTC.
You are new and were likely deleted to let you know don’t mention non BTC info here.
I am in pretty much complete disagreement with that, but I don’t fight about it too tired of it.
Reminds me of an argument I had years ago in 1970 my friends dad was telling five or six of us that all N words were evil and bad. I said he was wrong if it were true we would be at war and that the war would not end until either n-words were gone or we were gone. I told him I believed some n-words were good and some were bad just like us white people.
We argued back and forth for ten minutes and he finally agreed I might be right and that only 99% were bad.
I thought well I got him to shift from 100% it is a start.
A week later he grabbed me and told his son to punch me in the face his son did not want to do it. I told his son go ahead had a nice black eye for a week. Learned a lesson be careful when you fight for right you can get hurt.
So here in this section I do not fight for right. I only mention that BTC maximumilist exsists in this section and a few others.
I rarely argue about including other coins and reasons BTC diff grows or does not grow.
I believe BTC is the primary foundation of all cryptocoins
and the pos coins are piece of shit coins just go buy a bond in a real company.