New crypto currency hash rate phenomena?
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As the second Scrypt based currency in Hash power, Feathercoin has see wide variations of Hash rate. When being attacked or due to big multipools currency changeovers.
This has been a problem because , in both cases, the change over is driven by a lowering Feathercoin Difficulty. i.e. Feathercoins relative position of second scrypt coin has pulled miners in.
Feathercoin is now more difficult or expensive to attack, you can’t roll back, or artificially raise the difficulty, as easily. The effect has been to stabilise the Feathercoin Hash rate from rapid changes. However, there are still some variations in Hash rate occuring.
1. The first variability is weekly based, which was seen before. Hash rate builds up from Thursday to Sunday, then drops off.
2. The second seems to be a new phenomena where Feathercoin hash rate is being driven by Litecoin Difficulty changes.
I haven’t done any exact charts but, close study shows, there is a tendency for up to 10 % of the Litecoin miners to move away from Litecoin as it’s difficulty goes up. At this time, that has been corresponding with an equal increase in Feathercoin Hash rate.
I see as a sign of a symbiotic miner relationship building up. It is a strengthening in the security of Scrypt. A more even miner base, means no “one side” can build up enough to significantly attack the other.
