Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: David M on September 18, 2014, 03:05:20 AM

Second largest addition of hashing power in a day.

https://blockchain.info/charts/hash-rate?timespan=180days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

The hash rate blows my mind at 275,000,000 GH/s. Litecoin's hash rate is at just under 1,000,000 MH/s equaling roughly 1/275,000 of the bitcoin hash rate. Why is the price discrepancy not greater? Wouldn't it be more profitable to mine LTC and trade it for bitcoin? What am I missing here?