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Is there anyone out there mining SHA256d that can confirm the numbers in my previous post just above?
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the real life mining numbers dont lie
if you got sha hash power - mine BTC and buy DGB
appreciate anyone who may prove me wrong
do the test...........
Cheers usukan
What you’re saying about mining SHA is impossible, and I question why you insist on continuing with your erroneous statements. If you were to do a few simple mathematical calculations based on the current DigiByte SHA256d difficulty of 3881876,19796779 and resulting network hashrate, you would see that the share of each block award for each 1 GH/s of hash power would be ~.7 DBG, giving you daily mining proceeds of ~403 DGB At 50 sat, that would be 0.000206 BTC equivalent a day. You would need almost 20 times the hashrate to mine the same amount in BTC! (And that ratio stays constant regardless of your hashrate multiple.) On the other hand, you can skip the math and simply remember why “Alt-Coins” were invented in the first place . . . or why people mine LTC instead of BTC, for example. Mining BTC is the least profitable of all. Has been for ages. And if you’re mining in Groestl, you’d be pulling down around 10,000 DGB a day with the same equipment and using 30% less power. The math doesn’t lie. |
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the real life mining numbers dont lie
if you got sha hash power - mine BTC and buy DGB
appreciate anyone who may prove me wrong
do the test...........
Cheers usukan
I've done the real life numbers as well, and they are exactly the same.Now, if you want to call WhatToMine and Coinwarz frauds,
please do so in so many words,
and if not, please take your BS somewhere else. |
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Price will go up for sure. Question remains... what is DigiByte really worth atm?
I expect to see this the coming week. And yes, I'll support.
DigiByte is currently worth at least 500 sat. 1000 would be more like a reasonable rock bottom figure at this stage in the game IMO. Problem is that it becomes profitable to mine and sell somewhere above 200 sat, so short term miners will have a lot to offer at those prices. |
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I think this is an interesting question HR, and your discussion of it ( http://asistec-ti.com/phpbb/viewtopic.php?f=4&t=3&p=113#p113) is thoughtful. Over time, I've come to prefer and use the term 'digital currency' over the term 'crypto-currency'. My preference has developed because the adjective "digital" feels friendlier and more accessible than "crypto." But, it depends on the audience. For example, I've noticed that when I talk to normal people (i.e. my mom) who don't know anything about cryptographic digital currency, they are more interested and engaged if I describe them as "digital currency" but they are more cautious and resistant if I use the term "crypto-currency." That is purely anecdotal belief on my part - it's not like I have collected data in any formal way. But, I like your addition of "Cryptographic" in addition to "Digital." You suggestion provides a point of distinction that is both helpful and useful in professional conversations. I've noticed that when I talk to normal people (i.e. my mom) who don't know anything about cryptographic digital currency, they are more interested and engaged if I describe them as "digital currency" but they are more cautious and resistant if I use the term "crypto-currency." That is my experience and personal take on the subject as well. "Crypto-currency" sounds like Star Trek to the uninitiated, and digital currency is much more easily 'digested'. Unfortunately, by simply using "digital currency", the 'secure' aspect of the cryptographic digital currency is lost in translation so-to-speak. That's why I'm thinking that the whole adjective "crytographic" needs to be used in front of the compound noun "digital currency". That might be more "user friendly" since it is a positive modifier of something the average person already understands - the mind first processes the known part of the phrase, "digital currency", and then adds the additional "cryptographic" information received. With "crytocurrency" we're using a concept that is entirely new, and therefore, entirely foreign, and, as such, it needs explanation. Add basic scepticism to the space age sound of the word, and it's logical that people respond like they do, just like it's logical they respond positively to something they already know. The problem with limiting the phrase to "digital currency" is that we lose a huge positive, which is the currency's secure nature, when we omit the cryptographic element from the name. By using the compound noun with the proceeding adjectival modifier, I think we can solve both issues. Executive summary: I think people will more easily and intuitively understand the three word phrase than they understand the one word "cryptocurrency", and I think it's worth using the longer, perhaps somewhat clumsier, phrase in order to preserve the extremely important security aspect of the concept in the name itself. |
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I've been prowling around DigiByte.co and I must say it is really getting slick. Cheers to the web designers and content creators. You're doing a fine job. I especially like the new Getting started with DigiByte section. |
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I never have enough DigiBytes. But when will I buy all? Stay tuned ... .   ....prob a few hours after you shake the market down to 15-20 sats  if that isnt photoshopped of course One advice if this is true... never leave this amount of coins at any exchange. The risk of a hack of your account or an exchange goes short on your coins is a risk too high if you ask me. Isn't Cryptsy supposed to be safe? And i'm looking for a longterm investement, but a little fun with markets isn't forbidden now is it By my calculations that's just a bit over 100 BTC total when adding your DGB to your BTC, or roughly $23,500.00 worth of digital currency left on a digital currency exchange. A bit risky to leave that kind of money on any of these exchanges, even if it is one of the best. They literally run on a shoe string, and even though the risk of fraud is lower in the States, the risk of bankruptcy is just as high as anywhere, and when that happens, there's no prior notice, they just close doors and then you can get in line with everybody else who had money with them. Now, I admit, everything's relative, and 23 grand to one person is another person's chump change, but regardless, the same advice holds for all: only permanently keep on an exchange what you can afford to lose. Same thing with online wallets. And be careful with security measures on your own computer. Anything online is extremely high risk. Anything on a computer without good antivirus software is high risk. Anything on a computer with good antivirus software but multiple users is still high risk. You need to really get serious to get your risk down to the level of safe deposit box safety, but you can do it. In any event, coming back to leaving money on a digital currency exchange, I'd equate it with 90% leveraged commodity trading - be prepared for it to "vaporize" at any time. |
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Could I suggest that the location specific information that is currently at the bottom of the text be moved to the top Thanks scotte. I thought about that but I didn't want to start on a negative. Sorry about making you read to the end unnecessarily. My hope is that good will come of that though as demand grows for more real exchanges like Cryptsy (also in jurisdictions with real laws that prevent fraud). |
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Thank you HR! You also did a nice job @Jared split the 100k reward in 2 please. No, 24, Jared, don't split anything. First off, mine wasn't a video . . . unless the viewer has a pretty well developed imagination . . .  No, seriously, don't worry about it. It's not necessary. From my end anyway. On the other hand, I can understand if you feel differently on your end and really want to share the bounty. In that case I would prefer that my "share" go to tipping and whatever promotional activities you're presently engaged in. That would be great. Send 'em out and make others happy. Are we still doing reddit campaigns? And thanks! Then we will make it a 100k tipping party  Sounds like a plan.  Just sent you a PM with an idea. |
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Thank you HR! You also did a nice job @Jared split the 100k reward in 2 please. No, 24, Jared, don't split anything. First off, mine wasn't a video . . . unless the viewer has a pretty well developed imagination . . . No, seriously, don't worry about it. It's not necessary. From my end anyway. On the other hand, I can understand if you feel differently on your end and really want to share the bounty. In that case I would prefer that my "share" go to tipping and whatever promotional activities you're presently engaged in. That would be great. Send 'em out and make others happy. Are we still doing reddit campaigns? And thanks! |
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does this "Easyminer" work?
DigiHash Version 1.0.0.26149
Retrieving data from server..........done
Initialize....
Saving preference..........done
Saving preference..........done
Getting CPU info..........done
Getting GPU info..........done
Analyzing hardware from server..........done
Miner: groestl-cpuminer, Version: 1.0b
Saving preference..........done
Downloading..........fail
The remote server returned an error: (403) Forbidden.
I don't think so. At least there's been no response on the subject and that usually means "negativo". https://bitcointalk.org/index.php?topic=408268.msg10394228#msg10394228Patience. In the meantime, you've got a nice "helping hand" to get setup manually over here. |
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Anyone mining DGB-Qubit on AMD cards? If so, what hashrates do you get, and do you notice instability in the hashrate - that is, it may go up or down by .25MH/s or .5MH/s, or even more?
Tried to mine qubit with r9-270x, but I only got 3MH/s with it (SGminer5). Im mining DGB on r9-270x with Skein algo - 150MH/s with CGminer3.7.3. I get 2xmore DGBs/day with skein algo.(of course with more electricity costs) I have also one gtx750ti - 4MH/s qubit - 885 DGB -last 24h r9-270x - 150MH/s skein - 1472 DGB -last 24h Thanks! Do you have the settings you used and/or remember the clocks the 270X was set to, by chance? qubit SGminer5 sgminer.exe --algorithm qubitcoin -o stratum+tcp://stratum.dgb.theblocksfactory.com:9000 -u majoh.r9-270x -p r --difficulty-multiplier 1 --gpu-platform 0 -d 0 --rawintensity 140800 -g 4 -w 64 --gpu-engine 1120 --gpu-memclock 1450 --gpu-powertune 20 skein CGminer3.7.3 cgminer --skein -s 1 -Q 0 -E 20 --no-submit-stale -o stratum+tcp://stratum.dgb.theblocksfactory.com:9002 -u majoh.r9-270x -p r --gpu-platform 0 -d 0 -w 256 -I 13 -g 1 --thread-concurrency 21568 --gpu-engine 1120 --gpu-memclock 1450 --lookup-gap 2 Can you also post your gtx750ti settings. Thanks. I posted these settings on the Digital Currency Forum. Anyone else? The more the merrier! |
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Ok everyone, we have been making several changes to the DigiByte website to help beginners get into DigiByte. We need help creating a video guide that teaches people how to trade their Bitcoin for DigiBytes. We are going to give out 100,000 DigiBytes to the best quality guide we get. Right now we linked to a Cryptsy Dogecoin video, but we obviously would like it to be a video all about DigiByte. Please visit page to see what we are trying to accomplish: http://www.digibyte.co/content/purchasing-digibytes-your-bank-accountPlease feel free to offer us suggestions! Cheers! I'll begin populating the Digital Currency Exchange Basics section of the Asistec TI Digital Currency Forum with a step-by-step with screenshots that any prospective video creators will be more than welcomed to use. |
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With digital currency, I have been - and still am - more concerned about losses from my own stupidity than from malicious outsiders.
Isn't that the truth! Join the club! As anyone who's ever lost a backup, or even just mistakenly copied an older document onto a newer one knows! Probably one of my most important underlying motivations for good documentation is to protect against my own stupidity. P.S. Also good to have your positive opinion of the "proxy" wallet idea. I think it looks solid, and if you want to really go full tilt security conscious, putting your storage wallets inside a dedicated wallet use only Ubuntu install alongside Windows looks to be the capper. |
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Two consecutive transactions over the same public address leads to a pattern relaying on the elliptic curve cryptography method.
So working along with reverse engineering, hacker can find the private keys, where he can extract them and steal coins whenever they want to.
Imagine if those private keys belong to a cold wallet of huge bitcoin exchange... It can be a disaster for digital currencies...
This has been always the problem in the history of cryptography, and it is actually the reason why cryptography has born.
Let only the target person know what your information is, but don't let anybody else know about it.
So you have to encrypt it at the source, but also have to allow it to be fully recoverable at the destination, without getting caught in the air with some patterns.
To be honest, it is not an easy job, requires a lot of focus and luck. If someone can do it, I am sure they deserve it, but need a patch ASAP, maybe adding another layer of security of some hashing algorithm for the public address and its transaction IDs could be a solution, to remove the patterns...
In the meantime there are precautions everyone can take to mitigate the risk of falling victim to this exploit.
A) The most drastic and cumbersome preventive security measure would be to never use the same address twice.
or
B) Another, more easily manageable option would be to use a wallet whose dedicated purpose is to transact with the outside world, and to never leave important amounts in it. An example would be a wallet with addresses for exchanges, mining pools, donations, stores, etc., and whenever the balance of any of those addresses goes over a certain pre-established amount, you, as the owner and user, would send the balance to another wallet that you only use for storage and that only transacts with your "intermediary transaction wallet" and never with anyone else. I think this would be an effective workaround solution.
REMEMBER: most of us use specific addresses of our own creation with each entity we deal with, which means that those addresses easily fall into "two consecutive transaction" sequences. For example, most people have a specific address they use with Cryptsy, and another for Bittrex (again, these are named for sake of giving an example). Those specific addresses are used only for transactions with each specific entity and no-one else. Obviously this means that the entity we are transacting with has made not just two, but a plethora of sequential transactions with our specific address.
The good news is that an attacker cannot steal everything in our intermediary transaction wallet, only what's assigned to the particular address in the blockchain. Relaying funds to a safer, better protected address using a "proxy" wallet in a firewall kind of fashion as outlined in option B above should keep any attacker at bay.
Please correct me if I'm overlooking anything (which is quite possible). There are things we can do to improve security using the technology currently available to us and it's not necessary or recommendable to ignore the issue while waiting for a fix. Beyond what I've mentioned here, other advice is to never use an online wallet provider or online creator of paper wallets, NEVER! What other suggestions and recommendations has everyone else heard of or have?so you are saying that we should have 2 desktop wallets: Wallet A [Usage Purposes] and Wallet B [Storage Purposes] Wallet A will always have transactions with exchanges, mobile wallets, merchants, etc Wallet B will * only* have transactions with Wallet A And it would be better if both wallets are on a different hardware? like Wallet A on a desktop and Wallet B on a laptop? just a question regarding the wallet that will be used for storage purposes - how often does one need to download the blockchain or at least to update the wallet? sometimes when i follow a certain coin and when they have a newer version, they want people to use the latest version asap. is that really necessary? You should always update your wallet to the most recent version, and I recommend always updating your backups after using your wallet and moving them to offline storage. As for the need to update the blockchain, to my knowledge it's not necessary and the only thing you would gain by periodic wallet use is a shortening of the time you'd need to wait for the wallet to sync, but as I said, that's to the best of my knowledge - I'm still researching the "coin loss" issue that can occur when the keypool buffer is exhausted, but I think that only applies to a restored wallet.dat file from an old backup originally made before a long period of continued use WITHOUT updating backups. For a more detailed response to your question, see my step-by-step instructions for what I consider to be The Most Secure, Least Hassle, Security Option for long term storage wallets. |
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