We have to remember that we're almost 50% of the way before the block reward is cut in half. With more ASICS coming out, how long do we think the that will be? Maybe 3 months? Then, after the following 25 million, it'll be cut in half again. And, when will that be, maybe 3 months after? Maybe it'll be 3 or 4 months in total, if more of the newer ASICS come out. I think this is one of those coins where early miners (now) are reaping the rewards. I don't think it'll take the rest of the year to get to the 50% mark. Do we have any stats of daily or weekly coin production? Those are the numbers we should be keeping an eye on.
It gets cut in half every year. if hashrate goes up 1000 percent so will difficulty to slow the coin down.Right, All though this post made me stop for a sec and say well I wonder how far past schedule we are. So some quick math had me surprised.
Our genesis block (First block ever) was born in November (2013-11-15)
http://184.73.159.72/b/133RV1nfUuThen came premine blocks blocks 1-128 (2013-12-21)
Real Mining (consistent) started at block 129 at (2014-01-04 22:42:52)
So Time now (2014-05-27 08:00:56) - (2014-01-04 22:42:52) = mining period (205,038 minutes)
So "Target" 1 min block time and minus the 128 first block
We should at Time Now be at block 204910
Real block Time Now 190786
We are 14124 blocks behind or 9.80833333333333 days behind
SO we as of the moment and mining slower!!!
This can only be because of the High diff left for small hash to mined 1 days worth of blocks (1440) over many days