I'm having real trouble understanding this.
Lets say you are mining sumo coin and it goes up 50% for 1 hour, difficulty then increases and in that hour you get less sumo coins but more "money", after that hour the price goes back to normal.
Unless you sold your sumo coins in that hour surely you have actually acquired LESS sumo coins and are in fact down.
To re-iterate, unless you physically sell your coins you haven't actually crystallized any profit. When you sell your coins the amount to get paid is based on the price of them at the point of sale.
With that in mind surely the goal of mining is to mine the coins with the lowest difficulty so you can get more coins in less time.
Am I missing something here?
Lets say you are mining sumo coin and it goes up 50% for 1 hour, difficulty then increases and in that hour you get less sumo coins but more "money", after that hour the price goes back to normal.
Unless you sold your sumo coins in that hour surely you have actually acquired LESS sumo coins and are in fact down.
To re-iterate, unless you physically sell your coins you haven't actually crystallized any profit. When you sell your coins the amount to get paid is based on the price of them at the point of sale.
With that in mind surely the goal of mining is to mine the coins with the lowest difficulty so you can get more coins in less time.
Am I missing something here?