I’ve been mining Zcash for awhile now, mainly because I think the project is great and also due to its stability and constant improvement from the developers side. But I’ve noticed its mining difficulty has drastically increased over the past few weeks.
As much as I’m concerned, difficulty increases when a coin price goes up and becomes more profitable to mine then all miners switch to the coin in question…but nowadays Zcash’s price is so low and diff so high it doesn’t make any sense (Source: whattomine)
Seems to me like some people have the feeling or actually believe the coin will sky rocket any time soon
I just wanted to know you guys point of view respect this current situation
Have a great weekend by the way!