Presumably the rand() generator uses a time stamp to seed, as most (any?) semi-decent ones do. Also, most rand() generators result in non-random characteristics (strings of "luck" followed by strings of "no luck"), due to being based (likely) on "exclusive-or" binary feedback. I thought Intel was going to offer a truly random generator back in the late 90's, based on a thermal resistor, but evidently that never panned out...
So yes, the time of day should affect drops. How much, who knows?
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