Post
Topic
Board Altcoin Discussion
Re: Why is the price not going up with hashrate?
by
Dimrain13
on 27/05/2014, 15:56:04 UTC
ASICS = More Coins Mined = More Dumping = Price Drop
False, ASICs don't change the number of coins to be mined each hour/day/month, this value is fixed by algorithm.

Price is determined by supply and demand, diff or hash rate has little effect actually. Less demand = less buyers = price decrease.

So since the suppy is the same and the difficulty will go up should that not equal a price increase? or it that dependent on hording and buying?