Very interesting. These are the type of people we have sought to link up with since day one. Thanks for posting! I thought that might interest you. I see this as a perfect match for DigiByte. What better way to build value? Onward and upward... Much agreed. We actually have some very exciting stuff coming up on the investment front. Stay tuned. As for multi-algo we are still working out coding bugs. No one has ever forked to multi-algo mining before. A few devs have told us it is not even possible. We disagree as we are most of the way there. We are working very hard on multiple front right now. The next 6 months are going to be awesome for DigiByte! We are for excited! DigiByte to the moon!  While I personally see a number of potential issues with multi-algo coins long-term (not even considering the hurdle of transitioning to it via fork) I'm all for anything innovative and admire the brainstorming and dedication. We're in the middle of an altcoin wasteland of clones, premines, pump-and-dumps, deceptive/vanishing devs, IPO scams, PoS scams, and more... I just enjoy seeing a dev team that actually cares about improving their coin and stands by their work and their community. I certainly hope DigiByte can pull this off - if you're looking for any input from me, drop me a PM and I'll let you know my thought process for Murraycoin before I opted to settle on solely Scrypt-2048. Keep up the good work - DigiByte is absolutely undervalued for almost every possible reason. Thank you for the support and info! Any input about some potential long term issues you see with multi-algo mining would be much appriciated. We want to avoid all the problems and issues we can ahead of time. |
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Very interesting. These are the type of people we have sought to link up with since day one. Thanks for posting! I thought that might interest you. I see this as a perfect match for DigiByte. What better way to build value? Onward and upward... Much agreed. We actually have some very exciting stuff coming up on the investment front. Stay tuned. As for multi-algo we are still working out coding bugs. No one has ever forked to multi-algo mining before. A few devs have told us it is not even possible. We disagree as we are most of the way there. We are working very hard on multiple front right now. The next 6 months are going to be awesome for DigiByte! We are for excited! DigiByte to the moon! |
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YC, Very interesting. This would explain some of the issues Doge saw before April. That is a lot of mining power. |
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Very interesting. These are the type of people we have sought to link up with since day one. Thanks for posting! |
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We pulled the new Murraycoin icons out of the source - going to make it tricky for DigiByte to steal them this time  LOL You do have a firm understanding of what open source is don't you??? That would mean you "stole" from bitcoin and litecoin.  lol! +1 Also, we edited all the icons and changed the colors so they were unique to the DigiByte wallet. I was joking, fellas. By including them in our source they certainly fell under the open umbrella. DigiByte is one of the few coins in the new class that I respect. The original Murraycoin icons were all made in-house and look great - the fact that you guys are using them just shows you have good taste. If we hadn't switched to a new "golf" theme, we'd still be using them as well. lol! You guys did a great job with them! Might have to check the new wallet out! |
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We pulled the new Murraycoin icons out of the source - going to make it tricky for DigiByte to steal them this time LOL You do have a firm understanding of what open source is don't you??? That would mean you "stole" from bitcoin and litecoin. lol! +1 Also, we edited all the icons and changed the colors so they were unique to the DigiByte wallet. |
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Blake256  Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? Have you read this blakecoin.org/Blakecoin_Introduction.pdf Thanks for posting the link! |
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Also, try thinking of it this way. Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins.
Edit: There is a huge secondary market for SHA-256 ASICs we are looking to tap into. Many people still have some laying around that are no longer economical to mine Bitcoin with.
Or if you could get some of those cloud mining companies to switch. I keep pestering eobot to consider changing but they don't seem interested. What do you mean by switch? |
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Also, try thinking of it this way. Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins.
Edit: There is a huge secondary market for SHA-256 ASICs we are looking to tap into. Many people still have some laying around that are no longer economical to mine Bitcoin with.
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5x Multi-Algos do have 1 problem: if someone puts all his hashing power in one of sort of hash algo, he will earn only 1/5 as when he put his power to a single algo coin, doesn't he?
Not necessarily. The total hash on the network is still a sum of all the miners & hardware mining on the 5 different algos. So you are still competing against varying amounts of hash being weighted differently from the other algos. Some algos may be easier to mine on and earn better rewards but this should stabilize and average out over time. Overall, it is still more fair to everyone and means better decentralization for the coin & community. |
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I have a question related to this "new multi-algo" system : you said that each algo will have it's own difficulty. Ok, I understand this. But what can happened if, one day, one algo is lacking of hashpower (like few days ago with our scrypt algo on DGB)? This will create some problems in the blockchain, isn't it?
Up... Any algo can find the next block. Is is very unlikely 1 algo will find multiple blocks in a row but it can happen in that case. The difficulty re-targeting will be adjusted to prevent that. The key is 4 other algos will still be finding blocks. The problem would be mitigated. They average out over time to 1/5 of the blocks but each algo can get multiple blocks before another algo gets a block. Like you don't have to get a block from all 5 algos before it accepts scrypt again with updated re-targeting. |
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Jared, What about Quark? Seems to have a huge following and one of the most secure coins from my understand. Might drive in another huge community following if we integrate. I of course am no expert and could not speak of all the strengths/benefits. YC Multi-Algo testing is moving forward for #DigiByte. What is your favorite GPU mining algorithm right now & why? We want to explore several options while we have the opportunity right now.
Right now these are the algos we are leaning toward:
Edit: Multi-algo mining means DigiByte distribution will be split and weighted equally among 5 different mining algos. Each algo will have its own difficulty. This essentially puts SHA ASICs on an equally playing field with GPUs, Scrypts ASICs and to a limited degree CPU miners.
Algos that will be implemented for sure:
Algo #1: Scrypt (We started here, and embrace Scrypt ASICS here as a market to tap into)
Algo #2: Sha256 (Huge existing Bitcoin mining infrastructure to tap into)
Algo #3: Grostl: Outperforms x11 with lower temps, and higher hash. Most GPU friendly.
Open for Change:
Algo #4: Qubit: Best CPU algo, still GPU mine-able. 3:1 ratio to CPU for performance. Would allow new people with CPU only mining to get some coins.
Algo #4: Skein, Keccack, Blake, Quark... we are undecided here
Also, we are happy to announce multi-algo mining will dramatically reduce the chance of a 51% attack on the network. As well as making mining much more fair for everyone. To conduct a 51% attack an attacker would need control of 3 of the 5 algos.
YC, Great idea. We will do some more research on quark as well. We know they had an issue with botnets to begin with but last we heard they had some updated mining software. |
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Blake256 Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? The best person to ask about it is Bryce Weiner as he helped to develop Dirac. Why, he admitadly just creates coins for absolutely no reason, comes up with some mumbo-jumbo tin foil hat crap to hope it catches interest, but never does a single usefull thing for any of the coins he makes, he's as pure as a pump/dump coin artist as one could possibly be. You want one of the algos to get locked in stone like that instantly? I guess there would be 4 others to choose from. At this point we have not seen any technical data suggesting Blake would outperform Skein. Skein is very good for GPU mining right now and very few others have used it which makes it better for long term mine-ability for GPUs. I'm personally a big fan of Skein. The main reason I'm putting forward Blake is due to the opportunity to merge mine DGB with Blake coins, another good algo is Heavy (from Heavycoin)/Hefty(the specific implementation for Mjollnir) - which are even more cool running for Summer than Groestl. We may stick with Skein as it would be the easiest to move forward with. |
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Blake256 Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? The best person to ask about it is Bryce Weiner as he helped to develop Dirac. Why, he admitadly just creates coins for absolutely no reason, comes up with some mumbo-jumbo tin foil hat crap to hope it catches interest, but never does a single usefull thing for any of the coins he makes, he's as pure as a pump/dump coin artist as one could possibly be. You want one of the algos to get locked in stone like that instantly? I guess there would be 4 others to choose from. At this point we have not seen any technical data suggesting Blake would outperform Skein. Skein is very good for GPU mining right now and very few others have used it which makes it better for long term mine-ability for GPUs. |
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Scrypt, N Scrypt (cant have n-factor schedule built in, or just set in stone) , Grostl
Im all for any GPU algo that actually uses a GPU's abilities, IE creates heat. I have personal beliefs that the x11/x12 x/w/e have mining software that actually DOES use a gpu's abilities that the masses are un aware of.
+1 We agree. We will most likely not do x11, x13 etc. Glad to hear that you will be rather implenting groestl than these xShits, you've got my full atention once it will be done again Great to hear Dub! We appreciate the support! |
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I agree with the 1st 3. If you use the Groestlcoin (rather than Myriad) implementation of Groestl that would allow merged mining with GRS. I think crypto-note mining like Monero/Quazar might be more suitable than cubit for CPU miners (GPU mining is available but worse than similarly priced CPUs). Blake 256 would be a nice addition for merged mining with Dirac/Electron/Blake.
Or primary goal is to allow for efficient GPU decentralized mining well into the future. Grostle seems to be the best candidate for this at the moment. But we want to implement two other energy efficient algos for GPU as well. That way if more ASICs for more algos come in the future (which they will) we still have two other GPU friendly algos heading into the future. |
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Blake256 Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? |
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I'de lean tward keccak
It was considered to be the most secure & there are is some existing mining infrastructure in place for it. But it sounds like it will also be the easiest to develop an ASIC for in the future. |
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Scrypt, N Scrypt (cant have n-factor schedule built in, or just set in stone) , Grostl
Im all for any GPU algo that actually uses a GPU's abilities, IE creates heat. I have personal beliefs that the x11/x12 x/w/e have mining software that actually DOES use a gpu's abilities that the masses are un aware of.
+1 We agree. We will most likely not do x11, x13 etc. |
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Multi-Algo testing is moving forward for #DigiByte. What is your favorite GPU mining algorithm right now & why? We want to explore several options while we have the opportunity right now.
Right now these are the algos we are leaning toward:
Edit: Multi-algo mining means DigiByte distribution will be split and weighted equally among 5 different mining algos. Each algo will have its own difficulty. This essentially puts SHA ASICs on an equally playing field with GPUs, Scrypts ASICs and to a limited degree CPU miners.
Algos that will be implemented for sure:
Algo #1: Scrypt (We started here, and embrace Scrypt ASICS here as a market to tap into)
Algo #2: Sha256 (Huge existing Bitcoin mining infrastructure to tap into)
Algo #3: Grostl: Outperforms x11 with lower temps, and higher hash. Most GPU friendly.
Open for Change:
Algo #4: Qubit: Best CPU algo, still GPU mine-able. 3:1 ratio to CPU for performance. Would allow new people with CPU only mining to get some coins.
Algo #4: Skein, Keccack, Blake, Quark... we are undecided here
Also, we are happy to announce multi-algo mining will dramatically reduce the chance of a 51% attack on the network. As well as making mining much more fair for everyone. To conduct a 51% attack an attacker would need control of 3 of the 5 algos.
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