touché
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Maybe I am a bit slow, but isn't 2.5B already a little more than 10% of the total supply of 21B? YC 2.5B in circulation and DGB has moved to #63 marketcap on CoinMarketCap.com! I would think by the end of the year we should be at 4B in circulation, which is close to 25% of total supply for the coin!
YC
2.5B mined for 10 months and 1.5B for the next 1.5 months ? it´s a little to much for 1.5 months but it think people will pick up DGB when the price goes up & big miners will jump in. 4 months 1.5b DGB looks better to me Won't even be 10% by it's first birthday. This is long term . . . might I even suggest forever? Start point data was based on money supply and block reward as of today, and the projections are based on the 0.5% block reward reduction every 10,080 blocks and the assumption that the smoothed, long term block discovery rate equals current rates. https://bitcointalk.org/index.php?topic=408268.msg8736118#msg8736118BTW: the number of blocks found each day will never vary, and will stay constant forever . . . or at least until the POW code is changed or eliminated, and that won't happen for a long, long, time - perhaps not even in some of our lifetimes. ycagel, you're absolutely correct. I was incorrectly reading my own chart! I was looking at the block reward numbers on the left instead of the money supply numbers on the right. Silly mistake. I even had to go back to the original spread sheet before I realized my error. We are indeed already above 10%. While I'm at it, with the spread sheet opened and all, we are on target to have around 3,656,372,503.55569 DGB in circulation for DigiByte's first birthday, around 8,806,865,544.71951 for its 2nd birthday, 11,926,881,962.4078 for its 3rd birthday, 13,816,895,669.609 for its 4th birthday, 14,961,810,097.9938 for #5, and as you can intuit by the numbers here, and by looking at the chart, the yearly production falls below 1 billion after year 5, and over 70% of total projected DGB will already be in circulation by that time - but it will still be very profitable to mine since it will be worth well over $5 by then. That was a big oversight, but everything else I said was/is correct: this is forever, the number of blocks found is a constant, and it's only the 0.5% regularly scheduled subsidy reduction that causes the amount mined to decrease over time. P.S. Here's my "daily" technical analysis of price. ;-)
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What do you think about mandatory identification (pool name, or solo miner's IP address) in the "Mined by" column? What would be the pros and the cons?
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What is the blocks per-day figure? Any one know offhand?
30 Second Blocks (2.5 Min per Algo), as seen in the Coin Facts section of the OP (perhaps this kind of information needs a more prominent presence), translates into 2880 theoretical total blocks, 576 for each algo, each day. https://bitcointalk.org/index.php?topic=408268.0And if you want to follow along in real time, and compare the actual figures with the theoretical figures, this is a great resource: http://insight.dgb.cryptopoolmining.com/
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2.5B in circulation and DGB has moved to #63 marketcap on CoinMarketCap.com! I would think by the end of the year we should be at 4B in circulation, which is close to 25% of total supply for the coin!
YC
2.5B mined for 10 months and 1.5B for the next 1.5 months ? it´s a little to much for 1.5 months but it think people will pick up DGB when the price goes up & big miners will jump in. 4 months 1.5b DGB looks better to meI'm a noob Won't even be 10% by it's first birthday. This is long term . . . might I even suggest forever? Start point data was based on money supply and block reward as of today, and the projections are based on the 0.5% block reward reduction every 10,080 blocks and the assumption that the smoothed, long term block discovery rate equals current rates. https://bitcointalk.org/index.php?topic=408268.msg8736118#msg8736118Yeah, it's easy to forget that the number of blocks mined each day stays constant regardless of the number of miners mining. The value of the coin is not a constant however - as we all too painfully well know - and as more miners (and investors) get involved, that constant number of DGB blocks mined every day gets split into smaller pieces of the pie for everyone, which should, in turn, logically push price higher as it becomes more scarce for interested parties, and, thusly, more valuable.
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2.5B in circulation and DGB has moved to #63 marketcap on CoinMarketCap.com! I would think by the end of the year we should be at 4B in circulation, which is close to 25% of total supply for the coin!
YC
2.5B mined for 10 months and 1.5B for the next 1.5 months ? it´s a little to much for 1.5 months but it think people will pick up DGB when the price goes up & big miners will jump in. 4 months 1.5b DGB looks better to me Won't even be 10% by it's first birthday. This is long term . . . might I even suggest forever? Start point data was based on money supply and block reward as of today, and the projections are based on the 0.5% block reward reduction every 10,080 blocks and the assumption that the smoothed, long term block discovery rate equals current rates. https://bitcointalk.org/index.php?topic=408268.msg8736118#msg8736118BTW: the number of blocks found each day will never vary, and will stay constant forever . . . or at least until the POW code is changed or eliminated, and that won't happen for a long, long, time - perhaps not even in some of our lifetimes.
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4 million now being bid at 24 on Cryptsy, and 2+ million at 23, on top of that 11 million at 22.
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Currently being bid at 24, and 4.5 million offered at 25. Approximately another 8 million more or less evenly spread out between 26 and 29 (only referring to Cryptsy here, but Bittrex looks pretty much the same). I think someone's going to be asking themselves somewhere down the line, "why the hell did I sell at that price?" Edit: 11 million bid at 22 on Cryptsy 10 million bid at 22 on Bittrex 22 is that old support/resistance level, remember, thus the importance of 23 trading, and now we've got SIZE bids starting at 22! That's real nice short term confirmation.
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DGB hit 28 SAT at Bittrex. Hey, hey, hey, now that's cool, and with decent volume and very few offers back up to 28. BTW, Can you all really believe the amount of shit coins that are out there? Check out this list – nothing against the exchange itself, I’ve used it for AidBit trading and it’s OK and I give it a pass – but simply for the handy list of coins that makes it so easy for us to see just how many shit coins there are out there and the amounts people are will to pay for absolute crap! https://c-cex.com/?id=infoAlright, they’ve got BTC and LTC, but, being an exchange, how could they not? What are coins like Abundance, Snowballs, DarkKush, GlowCoin, RektCoin, and W.T.F. Coin (to name just of few of these obviously less than 3rd rate coins that Junior has pumped out of his parents’ basement) even doing here on planet Earth? Much less trading at 10 to 100 times what a real crypto like DGB is trading for (or is that Junior just trading playing with himself)? Since the timewarp exploit’s main aim is not exactly to profit, but to be as destructive as possible, maybe it’s been let loose with sights that are set on Junior’s basement playground and its main mission is a "shock and awe" 3rd rate crypto wipeout. Wouldn't that be great! I’m anxiously waiting for the day when all these wanabe imposters are permanently wiped off the map so that everyday, ordinary people who know nothing about the technical side of things can begin to have real confidence in crypto-currencies that ARE REAL and will be forever.
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If the issues on this arent fixed soon, there will be massive sells. Timewrap exploit I for one am still not that convinced that this really has much of a mathematical chance with our current hashrates, and, as such, am not convinced of the urgency to push something through hastily, and less so knowing that our hashrates are growing (and projected to continue doing so) and not shrinking.Down Pools That's completely a third party pool issue.Inoperable algos They're all functioning correctly on a global basis; again this is a pool by pool issue, and not DigiByte specific.Missing or broken links Could you reference those links. It would be most helpful. TIA
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Anyone know anything about what's up with CryptoPoolMining? ALL of their pools have been down for days now. No, i did send the owner of the pool (thrassos) a message about a week ago. No respond, not have been online since 26 september. 23sat almost gone. Market will move today! 23 traded for the first time more than 12 hours ago (around the time of your post - you were watching, right?) with 7.5 million to buy taking it there. There was a 5 million buy burst about an hour and 15 minutes later from 22 to 24. The same a few hours later. Expanding volume on the buy side, and 23 has traded. I'm surprised though that instead of seeing cancelled standing sell orders, new sellers are still coming to market at those prices. Nevertheless, it looks like buying demand is starting to exceed selling supply. It will be interesting to see if we can get a daily close at or above 23. FYI: I see DGB is popular enough to be sold on ebay now. Some one offered three 10,000 unit sales for 2.99 each. All sold immediately.
That's wicked. Sold for 83 satoshi. Think I might try getting in on that.
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Anyone know anything about what's up with CryptoPoolMining? ALL of their pools have been down for days now.
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HR,
How are you coming up with that analysis? Seems like certain buyers are not affected by the decline in BTC / DGB and are holding long term.
YC
Observations based on years of experience, and if I were to give you an idea as to how many years, I'd just tell you that I've been around the block a time or two . . . to get around saying that I'm getting on in years. Everyone see that 22 got hit? A 20 million plus buying spree that launched from 17. Then 10 million more went off between 20 and 22 an hour and 15 minutes later. Since the lows, we're seeing very nice expanding volume on buying, and rapidly declining volume on the pullbacks. That's an important bullish technical sign. We're also solidly above the very important short to intermediate term 16 support/resistance level. Finally, the intermediate term downtrend has been broken, and backtested, and now we only need any price above 22 to confirm a trend change. From a technical analysis standpoint, things are looking good. It's very possible that the breakdown of the descending triangle (that began forming in mid-August) to short lived minimal new lows will turn out to be a bear trap (the final capitulation of weak hands) before ultimately establishing a new trend higher. Everything's in place, not only on a technical level, but also on a fundamental level - from a fundamental standpoint, that is to say when seen from the point of view of REAL VALUE and long term investment potential, DGB is bargain basement priced. Anyone looking for a good investment, and I use that term in company with the most serious of investments that you can think of, will be very hard pressed to come up with something better. That being said, it is speculative, of course, and should only represent that small part of your diversified portfolio that you consider speculative, but it's right there on the same playing field with the best of speculative investments which means that DGB is also for real investors, and real investment portfolios (and one thing that won't do is drive price lower). Edit: I was just looking at Crypsty's sell stack on DGB, almost 4 BTC worth from 22 to 24 and then another 2 BTC worth of offers up to 29. That's not much, and it wouldn't take a whole lot to eat it up . . . and there might even be a lot less than that to eat up as those offers get canceled once 23 trades. Keep an eye on 23, and watch to see if all the offers up to the low 30's disappear on a break. In fact, when looking at the "tape", market participants' behavior is indicating that there's a high probability of a quick revaluation (I'm careful to not use the word "run" as that would imply pump and dump) to 50 satoshi in short order.
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Seems to be a big sell wall at 20 sat. YC Buy orders on cryptsy moved. Bought to 19 again.
Will get pulled/bought.Think it's the same person with the buy orders. Edit: It's the same person There could be a market maker or two - from what I've seen these last few weeks, it certainly looks like it - that's good as that means we've got some "big" money players providing liquidity. Those guys only play spreads though, and don't move markets (in general anyway; when they do see an obvious move, they too will jump on the band wagon); they're the folks that put in large bids and patiently wait for them to get filled, and then do the opposite on the flip side a couple of points higher. The aggressive buyers are usually not market makers, and the market makers usually aren't the only ones patiently buying either. I think they're present, which is good, very good, but I don't think they're dominant, and that's even better!
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And those 4 million at 17 look ripe for the pickin'. HR, crystall ball? Kaboom! A 14 million plus buy order! This it what they call a buyer's market and buyers are taking advantage!BTW, on that "other subject" I was looking at the block explorer and the longest string of successive block discoveries over the last two hours was scrypt with 19 in a row. SHA-256 gets its fair share too. Currently, and as has been the case for over 2 months now, if you divide the hashrate of any of the algos by each of their individual difficulties, you'll come up with a ~28.65 ratio. They're all joined at the hip as they move in almost exact tandem. Take any algo's hashrate and divide by 28.65 and you've got its difficulty!
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Orders got filled! Like to shake hands HR! 12.5 millestone
Ching, ching! Cheers!
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And those 4 million at 17 look ripe for the pickin'. 53 million bought on the 1st between 21:00 and 23:59 that ran price up from 14 to 19. That's not the first time a major player has made an aggressive buy either. It's happened a lot lately . . . along with the major bids that stay in place and slowly get filled. We're seeing huge accumulation if you ask me.
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HR, which driver are you using for your cards? I think my 280x might have to go back to 13.12 for the optimized kernel....from what im reading anyway. From my understanding, Groestl favors more of the older generation of cards and the newer gen cards need some tweaking to compete.
Linux: Ubuntu 12.04 standard default drivers, NOT the beta, and no AMD proprietary either. Windows: Windows 7 with 7900 Series 12.104.0.0 If it ain't broke, don't fix it, and I love what I'm getting out of this. You know, I've heard it said that there are two types of computer users, those who love playing with the latest technology and beta software, and those who want the known stable. I'm of the second group: I have tasks to complete and I want to get the job done with a proven stable version.
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My reading of things is that the further away you get from the original specs and coding, the wider you're opening Pandora's Box. I found this thread to be very instructive: https://bitcointalk.org/index.php?topic=608893.0Edit: I like the idea of forced block discovery rotation between algos (so that no one algo can find multiple blocks in a row), but the idea that somehow the various difficulties did not already have a shared, combined weighting is not correct - they did, and as one algo's diff rose, so did the others in exact same proportions. Keep It Simple Stupid: if it ain't broke, don't fix it, and only fix what absolutely needs to be fixed - otherwise we'll end up somewhere down the road with a collection of uncommented, undecipherable, ad hoc coding that nobody understands. What I'm saying is BE CAREFUL, very careful, and especially so when collaborating with people who may or may not know what they're doing.
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