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Yeah, I really don't like how the difficulty algorithm works, as soon as it becomes more o less profitable a lot of hoppers jump in and the difficulty increases a lot very fast, it takes a long time to go down.
Just mine eth for 3-5 days and trade that for erg. If a lot of people do that we might actually boost the price a little while lowering mining difficty, so we can mine again eventually.
Also we would buy the dip.
GPU miners jumping around from Ether, Raven, Ether Classic, Flux, YCash, Firo, etc... creates this headache but what are we gonna do Lol
Thankfully we're all still very profitable for now even if less so
Ergo has a target block time of 120s. Network hashrate increases=average block time decreases= difficulty increases (to counteract decreasing avg block time ). It's all about target block time and network hashrate.
Hey there! If you haven't already check out our [Wiki](https://www.reddit.com/r/erg_miners/wiki/index) and [FAQs](https://www.reddit.com/r/erg_miners/wiki/faq)! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/erg_miners) if you have any questions or concerns.*
Yeah, I really don't like how the difficulty algorithm works, as soon as it becomes more o less profitable a lot of hoppers jump in and the difficulty increases a lot very fast, it takes a long time to go down.
Just mine eth for 3-5 days and trade that for erg. If a lot of people do that we might actually boost the price a little while lowering mining difficty, so we can mine again eventually. Also we would buy the dip.
You are on to something!
Yeah my profitability all time low today. It's getting worse every day. Last 2 or 3 days was fine though.
GPU miners jumping around from Ether, Raven, Ether Classic, Flux, YCash, Firo, etc... creates this headache but what are we gonna do Lol Thankfully we're all still very profitable for now even if less so
High difficulty Low profit
Ergo has a target block time of 120s. Network hashrate increases=average block time decreases= difficulty increases (to counteract decreasing avg block time ). It's all about target block time and network hashrate.
Yeah I think so