Quote from: klopper on September 25, 2014, 01:40:50 PM

Quote from: coinsolidation on September 25, 2014, 01:38:28 PM

Quote from: klopper on September 25, 2014, 01:36:39 PM

If you don't want to mine at high difficulty you can mine at a multipool

Even at this difficulty it is as profitable or more so than litecoin and doge on average.

It is? I got to learn to do those calculations...

I stand corrected, thanks

The fastest anybody can sell BTM from mining, is after 727 blocks - 721+6 for confirmation. This can be anything up to 5 days after mining depending on speed of the network. It should be just over 24 hours when the network is performing optimally.

So far everybody who has mined consistently, certainly that I have spoken to, is in profit.

To quote something written earlier:

Quote from: coinsolidation on September 11, 2014, 08:42:23 AM

Difficulty, revisited

Satoshi told us, and we have quoted before:

Quote from: satoshi on February 21, 2010, 05:44:24 AM

In the absence of a market to establish the price, NewLibertyStandard's estimate based on production cost is a good guess and a helpful service (thanks). The price of any commodity tends to gravitate toward the production cost. If the price is below cost, then production slows down. If the price is above cost, profit can be made by generating and selling more. At the same time, the increased production would increase the difficulty, pushing the cost of generating towards the price.

now what has happened with other currencies, is that they have changed the special formula from "If the price is below cost, then production slows down."

through short diff changes and things like kgw/dgw they have changed it to "If the price is below cost, then production cost falls"

which has killed them, or made it hard for them to survive

whereas with us we have the special formula from satoshi.

In high diff, low hashrate periods, the production of BTM slows, some days we have 3000 created instead of 14400. Reduced supply.