Re: [ANN][XCN] Cryptonite | 1st mini-blockchain coin | M7 PoW | No Premine
Difficulty shoots up from 272443 to 296887 and network hash from 5771527362 to 6861833433 in just a few hours. Miners are going to get less coins for sure.
Latest stats:
"difficulty" : 296887.91143143,
"networkhashps" : 6861833433,
Latest stats:
"difficulty" : 296887.91143143,
"networkhashps" : 6861833433,
If diff is going up, miners get less coins, shouldn't that affect the price go up?
In theory yes, providing the demand stays the same or increases.
Even in theory price is independent of difficulty. Diff depends of the price, but price - didn't. The price of XCN was too high from the start (pumped from start because someone have mine plenty of XCN using botnets and Amazon CPU's). So wait for the fall.
