Yes, there will be a major rush of miners on NMC now. It's actually been more profitable to mine NMC than BTC for a couple of weeks, but many were unwilling/too stubborn to move, and of course not many knew about NMC. That's changing rapidly.
One upside to this (people who use NMC for domain registration, etc), the price of NMC will drop rapidly. Demand will not be there to fill the sell orders. Very good for the true purpose of NMC
So, if you want the price to get to a sensible level, advertise NMC mining It hardly comes up on the Bitcoin site, and I have been mentioning it quite a lot, even though I was doing nicely with an income from mining.
I've now moved on to pretty much purely speculating. Takes longer to get a return, but the returns are higher
Difficulty has increased to 55882!
Re: Difficulty has increased to 3767!
Look at the next difficulty, you will cry :p
http://dot-bit.org/tools/nextDifficulty.php
http://dot-bit.org/tools/nextDifficulty.php
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
Re: Difficulty has increased to 3767!
LOL, love it. That's one very short lived NMC mining career for those jumping from BTC. Definitely won't be more profitable than mining BTC, LOLkhal wrote:Look at the next difficulty, you will cry :p
http://dot-bit.org/tools/nextDifficulty.php
Actually, strike that... considering the BTC difficulty increase, that puts an end to a decent level of profitable mining...
NMC mining will definitely be over for those in this for profit, LOLOL ... I shouldn't laugh, bad me
Speculation will be the way to go for anyone who wants to make money at this.
Come join me at the NMC/BTC BTC/USD forex game.... it's fun
Re: Difficulty has increased to 3767!
I've updated the script to take into account the difficulty increase limit. Difficulty can't increase or decrease by more than x4.
It means that, with a next difficulty of x4 max and an instant difficulty of x7, next difficulty will be x4 and then, just after the difficulty change, it will already be at 7/4 = x1.75, without any new miner...
It means that, with a next difficulty of x4 max and an instant difficulty of x7, next difficulty will be x4 and then, just after the difficulty change, it will already be at 7/4 = x1.75, without any new miner...
NamecoinID: id/khal
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
GPG : 9CC5B92E965D69A9
NMC: N1KHAL5C1CRzy58NdJwp1tbLze3XrkFxx9
BTC: 1KHAL8bUjnkMRMg9yd2dNrYnJgZGH8Nj6T
Register Namecoin domains with BTC
My bitcoin Identity - Send messages to bitcoin users
Charity Ad - Make a good deed without paying a cent
Re: Difficulty has increased to 3767!
Difficulty now to increase from 3767 to 15071, today
Re: Difficulty has increased to 3767!
You need at least a third currency pair (NMC/USD), or some other currency, then it will became really funChucksta wrote: Come join me at the NMC/BTC BTC/USD forex game.... it's fun
Bitcoin (and Namecoin) mining profitability - http://tvori.info/bitcoin/charts/
Re: Difficulty has increased to 3767!
Yeah, definitely. I thought I read somewhere about a proposed trading site that will allow NMC/USD trading, in the same way that BTC is traded for USD on trading sites like MT Gox.wizzard0 wrote:You need at least a third currency pair (NMC/USD), or some other currency, then it will became really funChucksta wrote: Come join me at the NMC/BTC BTC/USD forex game.... it's fun
There's absolutely no reason why someone couldn't set that up. Just imagine the level of trading that would go on !
Re: Difficulty has increased to 15071!
My only concern with setting it up is "would anyone trust me?"Chucksta wrote: There's absolutely no reason why someone couldn't set that up. Just imagine the level of trading that would go on !
Bitcoin (and Namecoin) mining profitability - http://tvori.info/bitcoin/charts/
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Re: Difficulty has increased to 15071!
Helll yeah man you made that bitchin graph page, why not!?>!?!??!
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- Joined: Sun Jun 12, 2011 7:01 am
- os: windows
Re: Difficulty has increased to 15071!
What I want to know is why is there such a huge delay in your graph to real time prices? when the price crashed to $10/BTC your graph took a long, long time to reflect it..wizzard0 wrote:My only concern with setting it up is "would anyone trust me?"Chucksta wrote: There's absolutely no reason why someone couldn't set that up. Just imagine the level of trading that would go on !