You know, it’s a complete shame to see someone talented enough to create groestlcoin and grs-sgminer turn around and shit on them with his deficient social skills.

A damned shame.

But that’s were your are my man with your sociopathic get rich quick scamming that will leave you in the long term poor house.

Either you learn something about civic responsibility (and enlightened self-interest if nothing else) quick, or that’s where you’re headed (along with whoever else chooses to keep riding in the sidecar with you). And it’s not like that is a fortune teller’s prediction either. You’re already finding out what it’s like to be despised and disliked, and it won’t be long until you find yourself completely marginalized and finally end up being the laughing stock of BitCoinTalk, unless you do some behavior modification sometime very soon.


By the way, if you're unable to learn and master the social skills basics, you might want to look at trying an internet dating service as your next venture - lying and cheating and pretty girls are all requisite skills for that.  

Agreed - and with size bids (that keep coming in) under the market creating what looks like a solid floor.

Weird, weird, weird.

Nobody has been finding Groestl blocks for the last couple of hours EXCEPT FOR, you guessed it: ____________ !

Very strange indeed. Hauling them all in for himself!

Something's got to be done about that critter.

It's just The Blocks Factory that's down - all of its pools and various web interfaces - looks like they've got a serious issue and are frozen in time.

Bird's pool and Crypto Pool Mining are hammering away. BTW, Crypto Pool Mining is in London? How did I get the idea that they were in Virginia?


As far as exchanges go, don't trust any of them! I get on and off immediately - only there long enough to get the trade done, and then everything's back in MY wallet. I've had issues with Cryptsy, but they've always made good . . . sooner or later. Never had a problem with MintPal, but they're going though a take-over so better safe than sorry. Never used Bittrex - never had the need and with what I've seen posted here the last few weeks, there's not much to get me too excited about them either.

A bird in the hand is worth two in the bush . . . especially when you're dealing with attempted price manipulation.

When the manipulation ends, GRS will be back at 100 in a flash.

Mark my words.

+1

(I also like http://dgb-groestl.theblocksfactory.com/ )

That's a pretty good peg. I was thinking that if the block subsidy algorithm were inverted, it would take some serious number crunching to derive an 'equilibrium' reward number around which the reward would either increase or decrease. That would take some serious analysis indeed as it would directly affect network hashrate and profitability: you need a very precise number that neither causes super profitability (attracting everybody and their brother) or the opposite (driving everyone away), and that, as much as possible, also decreases volatility and leads to a stable steadily rising user base.

I think the same analysis needs to be done with deriving a peg. .003 would have everyone on AID, but for how long? And what would that miner's average profile look like? And this, of course, assumes that a peg would be honored and that a 'black market' would not arise. A realistic peg would be an absolute necessity, and I think it's probably going to take some serious thinking. What network hashrate would we really like to shoot for? What would be feasible? What would be reasonable to expect. 6 GH? More? Do we really want to press the envelop in search of as many new early adopters as we possibly can? 12 GH? Or less? A sustained network hashrate of 6 GH would lead to 1 billion or so AID by 2024. That would be a theoretical peg of .021! A real .003 peg would assume an average sustained network hashrate of 42 GH. That's ambitious, but not at all impossible.

Most importantly though, is the fact that the money supply has got to be there, if not, it's dead in the water; the rewards have to be there to begin with (with or without present buyers), or it just ain't getting off the ground (in my very humble opinion).

I've come to the conclusion that AltCoins in general are dying. There's no denying the fact that the number of miners (not hashrates, thanks to hugely centralized ASIC mining in particular) has decreased at a staggering rate. Otherwise, how can we explain that there has been virtually no new material generated with respect to mining hardware for months now? That's just to name the most prominent example of evidence for the mass exodus of miners over recent months. Another, less evident, but just as informative example is the drop-off in BitCoinTalk activity. Where are all the miners talking about new mining software, their optimized configurations, and mining comparisons? Indeed, they haven't vanished completely, but the level of activity pales in comparison to late 2013 and early 2014.

If there is no participation, then there is no widely distributed user base, and the AltCoin without a widely distributed user base is a big ZERO.

I'm of the opinion that if an AltCoin wants to survive long term, it has no other choice but to address this dwindling user base issue. A strategy to bring new users, in this case miners, or to put it another way, EARLY ADOPTERS, to the coin has got to be the most important and pressing goal. Every effort must be made to first bring existing miners from other, dying, coins to your coin, and, secondly, to bring in 'new blood'.

How can that be achieved? I'm terribly sorry to say that I don't have a magic wand and I don't have the answer, but this is where the task begins. Devs and the community, as a group, need to develop a coherent strategy to bring people to AID. I have no doubt what-so-ever about this. AID has got to attract early adopters, and has got to do it now. This starts with an answer as to how this can be achieved. We've got to ask the question and find the answer.

I would only add that as of today, the only effective way to get people mining your coin is with the carrot, that is to say, with mining rewards. The only coins with activity of note are those with handsome mining rewards. However, this is a two edged sword. DOGE did it too fast, and now they are 'out of gas'. Their predicament was so bad that they had their backs to the wall and were forced to merge mining with LTC. By going too fast, DOGE has relegated itself to status of perpetual niche 'tipping' coin, forever, if they're lucky enough to even get that. Incredibly, in spite of the recent surge resulting from their merge mining fork, DOGE is still UNPROFITABLE even for ASIC miners!

On the other hand, going too slow can mean that you never get off the ground. This is my fear for AID. The idea is great - long term stability with no pump and dump - but have we shifted too far to the opposite extreme? With average diffs of 3 or 4 generating block rewards of 40 to 60, only the diehards are going to mine, and regardless of how easy it is, no new miners are going to be knocking at your door. That's great for scarcity, but if the scarcity of users is just as scarce, what good is that scarcity? The official pools only have a combined hashrate of around 250 MH, and the third party pools are dead (ATM). At this rate, total money supply will never even get to 50 million. This needs to be, first, recognized, and, second, addressed, or it will be a gentle into that good night (IMVHO).

My suggestion, and this is just to throw something out for debate, would be to invert the block reward scheme. The exact opposite: the lower the diff, the higher the reward. My second suggestion would be to look at the most profitable coins' payouts and up the reward to diff ratio to match those most profitable coins. The idea is to get on par with the most talked about, most mined, most everything, coins. The question is how to get there, and, well, that's how I see things and those are a couple of ideas that have come to my mind.

Interesting to see what coins head up the list of a purely ASIC scrypt analysis: Coinwarz (and the list IS very volatile)

DigitalCoin and EarthCoin, the first at .00003201 and the second trading between 2 and 3 satoshi (both are around all time lows), surrounded by no-names, has beens, and junkers, but all currently profitable if you mine and dump (mine with ASIC, that is, and sell to idiots).

The crypto world is slightly mad. No value is given to long term prospects. No value is given to the design of the coin. No value is given to the dev team. Value is still determined by one simplistic algorithym: the number of coins in circulation relative to the number of other coins in circulation. Valuation doesn't even get beyond a relative valuation WITHIN the crypto world! These two coins I just mentioned illustrate my point! What difference is there between the two? Other than their relative money supply? They're both trash in all other respects, but with DigitalCoin being much trashier, and valued some 1000 times higher! There's only one thing to explain that.

We need to keep this in mind when setting our expectations for DGB's pricing. Until the juvenile mentality of counting with our fingers is part of the past, I think we'll have to settle for a two year old's X divided by Y method of estimating value.


(This could all change quickly though, with the advent of easy fiat access to cryptos, of course.)

My rough calculations suggest that you should be getting somewhere from 325 to 650 DBG a day with each gridseed (scrypt data is really scant). How does that compare with your actual results?



BTW everybody, the majority of scrypt blocks are being found by these two 'anonymous' addresses:

D6wa4NnTFdqthm9XaP4wp3KpvXuR8trzoh

DHGBXFGjwUHjVsUu1KQFZYcxRyXHANA33z

Follow the money trail if you like - sorry, I don't have time.  

Too many errors on that first hastily posted WhatToMine screenshot. It's been replaced. Refresh your browsers before quoting. Thanks.

Try these modified input parameters (that I have tested and/or researched almost in full) using www.whattomine.com .

Remember that readings are network hashrate estimates extrapolated from current network diff readings, and that both are volatile, so put a 24 filter on it for smoothing.



Groestl inputs are for the myriad-groestl kernel.

(And yes, they have DMD at the top too . . . the PoS diff is making it look like it's mineable . . . guess I should criticize What To Mine equally tough on this one . . . )

Edit: found a bunch of mistakes on the original hastily posted image so I took it down and put up a new one. Sorry.

Edit2: an interesting side note is to take notice of the P&L of all the coins - everything's being mined at a loss when electricity costs are factored in - and that DGB, to take but one example, but MYR is almost a mirror image - doesn't get to breakeven until around 100 satoshi or so . . . and that brings me back to https://bitcointalk.org/index.php?topic=408268.msg8801380#msg8801380

And if you're a long term, early adopter, you do both.  

Coinwarz is out of date and behind the times. They have DMD at the top and it's not even mineable. Won't be mineable again until the 27th or 28th. https://bitcointalk.org/index.php?topic=580725.msg8905903#msg8905903 And have you noticed that Coinwarz only has Digibyte in scrypt? Talk about being out of it!

Try out http://www.whattomine.com/ Much much better in my opinion, and much closer to several corroborative results published by individual miners (first hand knowledge) here on this thread. And .0022 is the 'low end' of the daily range.

And dems da facts that you can literally take to the bank!

(If you need to see in order to believe, point your miners at DGB!)

Never too late, especially if you're in it for the long term.

And in the short run, .0022 BTC a day for each 1000 KH/s of scrypt equivalent is very hard to match. I challenge anyone who wants to give it a go to start the list of coins that are currently doing better.

Get on it my man and don't find yourself down the road saying could've, would've, should've.

If you're mining, there really is nowhere else to go.  



I agree 100%.

On both the long term and that it should be in the message.

Much of what DGB has to offer is on the OP, so I think that steering people to the OP is a good idea. That having been said, it might be a good idea to make the message more scintillating. We've got some good writers here and hopefully we'll get a good final draft drawn up sometime soon . . . that is if we think that now is the time (some might want to still buy some more on the cheap first, for example . . .).

How are you doing your calculations? Even with WhatToMine's default parameters, it is one of the most profitable.

"one OF"

It's at the top OF the list (short term profitability), and probably #1 in-so-far as long term prospects go.

Here's how I see the publicizing might go:


Good news for miners who are looking for both short term and long term results.

DigiByte is back in the saddle again after having made the change over to multi-algo mining.
https://bitcointalk.org/index.php?topic=408268.msg4424910#msg4424910

Digibyte is now a multi-algo cryptocurrency and is currently one of the most profitable coins to mine. http://www.whattomine.com/

Please refer to the OP for the complete list of mining pools for the various algorithms, and let us know you're around by posting on the thread where you're sure to receive a hearty welcome.

(Be advised that unfortunately, thorough investigation has shown that there are scammers out there running unofficial pools that have been shown to skim anywhere from 20% to 45% of miners' hashrates right off the top – be forewarned, and do yourself a favor by using only the officially approved pools you find on the OP.)



I would make no specific mention to the scammer(s), nor mention names, or anything of the sort, and would keep the fair warning as generic as possible.

Finally, that's just a 'rough draft' of my general idea - I'm sure it can be improved upon and I thank you in advance for doing so.

That would help his ASIC mining, but wouldn't be able to mine on his groestl pool.

But I would bet that he's got a very sizeable GPU farm as well, and that's probably all on the groestl pool.

As long as DGB is at the top of the most profitable coins to mine at current prices, that's going to be a while. http://www.whattomine.com

The dumper's pool hashrate has fallen by more than 90% (if you exclude the one miner whose hashrate oscillates between 1,2 - 2 GH/s - myriad-groestl adjusted equivalent numbers), so that's good, but it's still just over a half a million DGB a day (including that previously excluded mega-miner).

So the selling pressure will remain until:

1) we address that issue directly
2) price falls even more
3) diff rises substantially due to a substantial increase in network hashrate

The 3rd option could probably be achieved by publicizing DGB's profitability on other threads here on BitCoinTalk. Of course, all of our mining proceeds would fall as a result, and the cheap prices would probably end as well. Thoughts on this strategy? It would also be a start towards building a bigger and better community . . .

Boost Pool's hashrate has fallen by 75% in these last couple of days, and Crypto Pool Mining's hashrate has increased to around 1 GH/s!

Congratulations to all those miners who have decided to stop feeding the troll (never better said – literally), and to reward honest, hardworking pool operators.

My hat's off to you all!

This also means that scrxxx only has about a half a million DGB to dump each day! Very good news.

Thanks for restoring my faith in the majority's ability to think smart and do the right thing!


P.S. For those of you in Europe, The Blocks Factory is a great pool that would give you less latency (if you're mining on a U.S. pool). And, don't shy away from giving Groestl a try - it's just as profitable as the other algos, and your cards run cooler. http://dgb-groestl.theblocksfactory.com