Looks like bitcoin refugees are heading our way, unless I’m mistaken. The recent increase in PoW difficulty is staggering, I’ve personally had to point what little hashing power I have left away from Peercoin.
Does anyone think this is going to die down, or is this going to be the new standard for PoW difficulty in Peercoin, greater than 500,000,000? Other than overflow of miners from Bitcoin profitability increase, I can’t see why all this new power is coming on board. Even with them making the switch to Peercoin, they’re still mining at a loss, however taking in much larger counts of full coins, not just fractions of BTC.