until the prize wont be dumped down again i dont thing we will see any significant diff decrease i thing it will go the other way if the prize stays high or go even higher it will lurk more miners to zcash and diff go up. wish im wrong in this 
but diff may be … to 5-6M level
H-m-m, why is that? Diff depends on price, right?
well not directly but yes high prizes lurking more miners to zcash causing higher hashrate causing diff increase
agree. That’s why I am curious regarding @m42orion 's thoughts 
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diff depends on net hash rate … but it is naturally correlated with price
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Exchange rate/price and difficulty are not directly related. A change in difficulty is just an effect that may or may not show when the price moves up and down.
The logical chain of events that may occur is something like this:
price goes up → profitability goes up-> miners move over-> difficulty goes up to maintain average block time → profitability goes down
And this goes on forever.
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True. But let’s continue the logic chain:
price goes up -> profitability goes up-> miners move over-> difficulty goes up to maintain average block time -> profitability goes down ...
… → miners move out → diff gets decreased.
So, higher price → more miners → more diff == true. My question was the following: how can difficulty go down (miners should go out for that) with high price? What is the reason to go out the coin, which gets more valuable?
May be, I express myself not clear, but I just can’t find clue…
Please, see Price Speculation - #1398 by VanijaDev answer
First of all, in my opinion you cant just say that the price goes up means difficulty goes up. there are many other factors influencing this. For example if ETH price rose together with ZEC, then the difficulty would not go up as much or at all, as many miners would stay on ETH.
On the other hand, what really is “a high price” it is all about expectations and confidence. Will it go up? Will it go down?
Also I think, after difficulty spikes, is stabilises at a lower lever after a while.
I guess you will not be switching when price goes down for 1 or 2 major reasons:
- You have confidence in ZEC and are in it for the long haul
- You are mining on Nvidia hardware, that just isn’t going to cut it mining ETH
Just my 2 cents
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many big players mining not for future investment but for actual profit… they have sofisticated methods of comparison of each cryptos vs diff vs price vs time to mine … jumping from pool to pool, from time to time with mega power of their farms … its process for maximalize proffit and minimalize operating costs … mix one cryptos to others etc … its full time job for someone.
best situation for zcas miners as me is price of ETH over 25-35% of ZCASH
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agree. I wrote about diff - price dependency base on past three month of ZEC mining. In general it is, like you described.
Yeah, it’s really big players with tens of MH/s.
Kek, i am following your posts and i have deceided to write you because i think you understand zcash market more then others. Just wanted to ask you what you think are predictions till new year with zcash?
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thanks, but, i’m just around a lot, and opinionated… i’ve been meaning to put-out some new analysis, but i’ve been super lazy, lately!
you know who else is good @TheSchramm like dude’s style. comes here dumps his charts, and views. then disappears. sure he’ll be around for a quick humblebrag in october. wish i had that kind of self control!
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I stopped mining ZEC unfortunately, but I’ll buy it at $200 with what I get for the other more profitable coins.
This stituation is a mess
Just for your reference, here is a scaled graph of the network hashrate vs the network difficulty for the past 90 days:
I’ll try to make one with a difficulty vs ZEC price chart when I get to my work machine.
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Think about the people who stopped mining Bitcoin a year or two ago because the difficulty reach the point to where they were only finding .5 per month what a rip off!
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looks-like china will have regulations in place for cryptocurrencies by oct 1 (expected to be considered virtual property) good news
i’m anti regulations, but now people will have a choice which system better suits them. imagine companies will like regs; users will continue to ignore. win/win
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I won’t stop mining because today we have dozens of options, I’m still going to buy ZEC with the profits I have. My bet is that the price will go down to 200’s. If it doesn’t shame on me, that’s a bet I’m willing to take.
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They are treating it the same as the US does. Personally I believe that it should be treated as a commodity instead. Since the price fluctuates rapidly. I wonder though how many people report gains on their taxes.
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