About
HDAC you guys are talking about...
They did a algo-swap from Lyra2Rev2 to Skunk
Source:
https://hdactech.com/en/News/news.do?mode=view&articleNo=6951Quote:
The change will be applied from block number 151,880, and it will be applied on (GMT + 9) October 22, 2018.All the guys mining there did just come "here" to us.
That's why the hashrate went up...
Just asking myself how this coin had this hashpower...anyway.
It is what it is....
Too bad. They occupied more than 50% of the Vertcoin network. Is this from a single mining pool or are they scattered everywhere?
So the date October 22, 2018 is already passed but the profit remaining still very slow for Z1.So maybe the reason of low profit is not HDAC ? Or is it normal after this change the profit to not increase ?
You guys don't get how this works do you? Blows me away that people willing to spend 5K on a miner don't even comprehend the basics.
Yes its because of HDAC, the fact that it forked on Oct 22 means nothing, let me break it down.
On October 21st, lets say there were 10,000 people using Z1 ASICS to mine HDAC , HDAC didn't like that, decided to fork on Oct 22.
Now, its Oct 22, and all 10,000 of those Z1 ASICS can no longer mine HDAC, so, they are going to jump to the next most profitable coins, which is, MONA, XVG, and VERT.
Those 10,000 ASICS will continue to mine these coins, because HDAC will never be mineable with a Z1 ever again, AKA the profit is not ever going to increase, unless the coins go up in value, or a new coin comes out that pulls people off of MONA/XVG/VERT
Make sense?
Hello.Thanks for your reply but this can not explain what happened to profitability of machine.Because as you know, the profitability of Z1 is decreased by whole -50$ in just one day (basically this happened in just few hours)!!
So it is impossible all these people of thousand miners bought their machines in same day.
But explanation given from someone, is the HDAC.But also, this seems not to explain what happened (this is why i still asking).
If all these people of HDAC it was possible to came to Lyra (by any miracle) from other algorithm, then yes , only by this way, HDAC can explain the sudden increase of difficulty.But this, as we know, it can not be happened (or, it could be happen, only if there is another machine out there, which can produce multi algorithms for example "old algorithm of HDAC" and new algorithm of HDAC, Lyra, but as i know there is not such machine).
So HDAC didnt bring new people to network from other algorithm for sure, but used existing people who already produced until now other coins (on existing profitability of 70$).
So HDAC seems is not to be the reason of profitability decreasing (or, if by anyway so happened, then by stopping produce HDAC, then difficulty should become again to normal state). Especially now we see that 22 October is passed.
Except, if we accept the impossible : that thousands people bought many thousand miners in same day, (multiple thousands of machines than already are bought in all days of life of Z1 until now), in order to produce just HDAC ! (this is impossible).
So im thinking maybe some other possible reasons
1.HDAC is not the reason , but maybe one very strong "player" started his own machines in 1 day by a extremely huge order from Dayun, or
2.Number of blocks of HDAC still didnt reach, so change to Skunk didnt happen yet (?) or
3.Many HDAC coins already produced so this increased the difficulty too much by the done POW (i am not sure how Lyra difficulty increasing) and it will be counted to any future transactions so this will increase the difficulty.
I am not sure of course and as you said , yes i am not very experienced to this !
HDAC was a Lyra coin, now it is not a Lyra coin, which seems to be where you are confused.
