ETC Difficulty explanation needed


#1

Hi pro miners. Here is the question from a noob miner. Why on the 12th of February, 2018, there was a huge increase in the difficulty, around 35-40%. Is there any reason for this? Did I miss something?


#2

Price went up which attracted more mining resources. The more mining the higher the hashrate goes.


#3

I wanted to make this assumption, but on that day the ETC price was not increasing at all and the difficulty increased straight line upwards within 10 minutes…


#4

We are all just speculating but really it could be anything. Another possibility is something negative happened on another blockchain (like a price drop!) which made them flee to greener pastures.


#5

So, along similar lines, I got my power bill today and have to say its a huge $ amount.
On researching I see ETC mining difficulty has more than doubled in the past month, from 21 hours to 42 hours to produce a single coin.
Doing the numbers, even with 33 solar panels on the roof, I clear $1.70 a day.
For you members that have been around longer than most of us, what going on? I’ll have to turn my two rigs off or worse still point them else where, I am very keen to stay with ETC but not at the current price and difficulty. Will the outlook get any better do you think?