Current Proof of Stake Difficulty

NuBits
#136

Difficulty 0.00028523

By the way the minting difficulty of B&C is 0.00077437.

Does it imply that there is more voting at B&C?

#137

not voting, but minting. Note that this can also be indicative of poor distribution.

#138

right

Well I speculate that Nu’s distribution was similar to B&C over the first 3 months after release.
And yet minting difficulty of Nu was rather constant at 0.0002 level but minting difficulty of B&C went up gradually from 0.0002 to 0.0007, according to block explorers:

So the distribution would not be the reason to explain the difference in my reasoning.

1 Like
#139

0.00028615

#140

still rising. Difficulty (PoS) 0.000290

1 Like
#141

There are 400 million shares minting. Compared with 12 days ago there has been a 190 million (90%) increase.

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[Passed] Motion to test shareholder response rate
#142

@crypto_coiner, could you please change the title of this thread? We have threads titled “Current Liquidity” and “Current Volume,” so “Current Proof-of-Stake Difficulty” sounds good to me. Also the body of the first post should be changed to reflect this as well.

#143

Sounds good - done.

#144

Difficulty (PoS) 0.000274

#145

Decreasing. 0.000242

#146

: 0.00026094

#147

Hitting a year low: 0.00020864 See also: https://blockexplorer.nu/charts/posdiff
New years/holiday dip?

#148

Not good.

1 Like
#149

Vacations!
Unless we can make a cold minting feature so we can mint with our mobiles anywhere :wink:

2 Likes
#150

Have to admit that I’m getting a bit nervous about this. We are hitting an all time low with a PoS difficulty of 0.0001839 ( https://blockexplorer.nu/charts/posdiff)

I’ve also noticed that proposals have difficulties to progress lately. It appears that either some major stakeholders are getting lazy with minting/voting or large amounts of NSR are brought to the exchanges. Also possible is that increasing numbers are struggling to mint due to the issues with the client reported lately. The increased number of orphans might be an indicator for this. Neither of them is good. It could even be a combination of all three.

I hope I’m wrong and someone can offer a different more positive explanation or could comment on it.

2 Likes
#151

Don’t worry too much. The majority of people in crypto universe are traders-speculators, in general “gamers”. NU is a different business.
My understanding is that when B&C is ready, a big number of those people will enter the NU space. JL knows better :wink:

#152

I hope they are not the same type of ‘gamers’ though. Voting apathy might become our greatest enemy, next to low security of the network due to lack of minters.

#153

I have been not very active on my feeds lately due to my real life duties and economic incentives.

#154

Bet you are not the only one, hence my concerns in going forward:

Would it help to increase the voting and minting incentive in your case?

#155

I am interested in discussing:

  • minting incentives
  • dividend over buy back
  • LP custodianship easiness
  • Nu business profitability

The last two being paramount, I believe

1 Like