Got to go after the computer literates first.

DGB's biggest allies are everyday computer users who would love to mine a little DGB on the side (if they knew about DGB in the first place), that is, if we really want to take DGB mainstream.

http://www.neilsnotebook.com/business/henry-fords-philosophy-of-business.htm




@andr0x,

Thanks! Very nice "how to"!

http://www.youtube.com/watch?v=9B3GoRzs3ww

Nah. I think we've done / are doing enough. The people who need to know already know. I think the word is out. That's not to say that we shouldn't post anything new we come across, not by any means, but that we'd be spinning our wheels if we tried to do more. I obviously think he should be ostracized, but that's my opinion, and I could be over-reacting. If other well intentioned and level headed people think it's okay for him to continue raping DGB to manipulate the price of GRS and also line his own personal account by means of fraudulent 'advertising' . . .

For the record, I still think we should:

Make mining pool identification on the block explorer mandatory.

Any pool that refuses to identify itself would have its IP blocked.

All non-complying pools would be given a 24 hour notice before being blocked.

Solo miners would have an IP ID “exception”. (Simple probability analysis would alert us to a pool masquerading as a solo miner.)



Since I am a self-confessed ASIC hater, my knee jerk reaction is to be negative on that, but I think the idea sounds very interesting. How about if it were done with Newegg or Amazon? (It's just that I am very biased towards the everyday computer user both from a crypto ethos standpoint as well as from a best practice for mass adoption standpoint.)

Excellent article 24.

I'm not sure if I agree with his outlook on BTC's long term fate, but he's probably on the right track with the twins' underlying motivation, and most assuredly about the fact that it won't be long until the "yung" hucksters learn the meaning of words like "fines, forfeiture, incarceration, parole and restitution".

The writing is on the wall. This is where cryptos are headed. The good news (and it is VERY GOOD NEWS) is that it will also bring legitimacy, to the legit coins, that is, and that is very good news for the legit and completely transparent coins especially when keeping in mind that the scam coins that don't comply will die, along with all the rest of the scammers who severely harm this industry by keeping the honest and hard working majority away.

The best thing that could ever happen to the crypto scene is for it to get cleaned up and legitimized.

And just watch price go sky high when it does (for the legit coins, of course).

Thanks for posting.

That's because we've got a nutcase on our hands with a daily supply of ~2.5 million to dump.

Nice fill on that 15 million DGB bid at 22 satoshi!

Sellers got a little aggressive and sold into the last 5 million pretty hard.

Maybe we'd all be better off to completely shut down our rigs, let the price go to 5, and then let scrxxx do the dirty work for us while we pay him peanuts and his stooges become GRS bag holders.


Add: after looking a little more closely at the "tape", it looks like a 5 million sell order took out the last 2 million of that bid and the 3 million waiting below at 21. Looks like maybe scrxxx was a little late to the game.  

Between Cryptsy and MintPal, there are now just over 6 million bid at 20 . . .

Very good question that I have never seen a clear answer for anywhere.

Two wallets with 100 DMD, one open 24x7x365, and the other 1 hour each month, what are the minting returns for each at the end of one year?

Pretty nice configuration for a real nice miner that could also serve as a file server. I'm wondering about the choice of cards though. From an AC consumption point of view, the GTX 750 ti's are certainly hard to beat: you wouldn't have the upfront extra cooler system costs, a smaller PSU would work, and your electicity costs would be about 1/3 the 7950 (and, they'd be new with a warranty). This is probably the toughest trade-off for me. nVidia has also just released the more powerful GTX 970 and GTX 980 that have the same hashrate to AC consumption ratio as the 750 ti, but a much higher price to begin with. http://cryptomining-blog.com/3503-crypto-mining-performance-of-the-new-nvidia-geforce-gtx-980/

Something else that I'm wondering about is which card would be best for gaming (for the person who just wants a powerful, 2 card PC with a normal case). Would the GTX 750 ti get the job done for all but the most demanding and expert gamers? I think it would be more than enough for all the other tasks mentioned in the initial list, wouldn't it? But, from an advanced gamer's point of view, maybe not.

You know, we've got a few fronts opened on this thread, some of which are not the most positive (and I take my fair share of responsibility for that), and others, that are a bit more positive and a lot more fun, like this mining rig "front", or 'sub-thread' within the thread, that has me thinking again about yet another that we've mentioned a couple of times about concentrating efforts on bringing new "early adopters" on board. I'm thinking that we could do a lot to help newly interested, ordinary people get involved in mining for the first time by helping them out with rig design. Sound like fun?

I'm thinking along these lines:

Most ordinary people want a computer:

1) they can do other practical things with, i.e., e-mail, scheduling, photo/movie editing, etc.
2) they can also have fun with, i.e., play a game, watch a movie, do video conferencing, etc.
3) that looks like a normal computer
4) for the best value for the money available

That kind of limits the 'high end' design to a two card system, but that would still be a killer way to get started and start acquiring all the necessary skills to advance to more complicated rigs if so desired.

How about we design a couple of options for folks who want all the above options (not all at once, of course ) while mining DGB at the same time?



. . . and keep posting your stats . . . maybe we can get a mining baseline put together . . .

Over time I think a ~28.64 to 1 network hashrate to diff ratio has shown itself to be very reliable, for ALL algos. ( diff * 28.64 = network hashrate).

 

Last 24 Hour DGB Groestl Extrapolated Network Stats


~4,320,000 DGB Mined

-3,610632 by Boost Pool

~709,368 by everyone else

Average Network Hashrate: 16.317 GH/s
Average Diff: 569.7374


Take note miners who are on BoostPool, your collective payout should be 0.79433904, but I’ll bet it’s only 0,436886472.

Are you having fun bending over and being tooled?

From 187986, Sep 20, 2014 2:34:08 PM, to 188159, Sep 20, 2014 5:13:26 PM

YC, the answer is no, but it will never go to zero either. 

Someone's baiting srcxxx.      

Here boy.


@bogglor, Very cool!



Add: I think I'm going to "get in line" over on MintPal. 

Here are my stats for the last 15 days:




And my startup file using 7950's:

Congratulations Pallas.

Do you have it on Github already?

It's good that you've taken the time to try to alert others, unfortunately, either it takes a long time for word to spread, or people just don't care, which is something I just don't understand when it's actually harming them - unless it's that we've got some big buyers still working on establishing long term DGB positions and they want to buy from the schmucks a little longer before calling their bluff. Whatever the case, I think we need to make pool identification mandatory on blocks discovered - it only makes sense, unless the idea is to confuse and obstruct . . .

24, you really need to do some mining, if only as a hobby with one small machine. Not only is it very enlightening with respect to crypto's 'behind the scenes, inner workings', but it's fun too! I can't recommend it enough. These days you can put together a rig on a very limited budget. Check out the basic configuration I've put at the bottom of this post - it'll have you hummin' at 20 MH/s with less than 80W power draw on the part of the cards (add another 60 or so for the rest of a basic desktop) and leave you with a completely functional computer to use as you like with whatever task you like at the same time!!! Of course you could always use that money to buy the DGB directly from the schmucks and be done with it, but then you'd be without that great computer to do other things with, and you'd lose out on all the fun as well.


Thanks everyone for sharing your mining configurations and results. I'm looking forward to seeing your follow-up posts as promised. And to everyone who still hasn't had a chance, or hadn't seen this until now, it's not too late and the more the data the better.



24, a sample hardward config for you:



More info: http://cryptomining-blog.com/1141-a-bit-more-on-the-actual-power-usage-of-geforce-gtx-750-ti/

My first crypto resource (where I took my first crypto baby steps): http://www.cryptobadger.com/

Can I kindly get your hashrate to payout numbers, and miner and algo switch that you are using for Groestl?

Nothing more than that.

Please post numbers for at least the last 24 hours. A 48 hour period would be great. 7 days would also be welcomed. All three would be fantastic! (You can save a csv file from the transactions page of your wallet, open it with Excel or OpenOffice Calc, eliminate all transactions except mining proceeds, sum them up, divide by the number of days for your sample period, then divide that by your total average MH/s, and you'll have your DGB per 1 MH/s per day numbers to report.)

This would be a great help and my many thanks in advance to everyone who takes the time to share.

My 24 hour rolling average was around 312 DGB a day for each 1 MH/s of hash until a couple of days ago. We had technical difficulties at one pool that skewed my figures for the last couple of days (lower), but now I'm on a 225 DGB a day rate (more or less - I plan to do some better analysis this weekend . . . hence my petition for you to share your numbers as well).

Thanks again.

Bird's P2Pool has a much closer to the truth network hashrate. Start with that number, and then subtract the hashrates for the 4 honest pools and you'll have an estimate for BoostPool that is much closer to its real hashrate and not the fraudulent hashrate being reported.

Of course, that's very basic, and a look at payouts to match mining proceeds is much more reliable. You can also then work backwards from block discovery numbers to confirm those basic findings.

Please refresh your browsers before quoting my last post comparing BoostPool payouts to its mining proceeds.

There were a couple of typos.

Thanks.

As I've clearly stated before, that's based on BoostPool's REPORTED numbers, the numbers YOU and I SEE.

The issue has to do with what we DON'T SEE.


AGAIN, look at total blocks found, multiply by the block reward, then look at actual payouts, and subtract them.


The hashrates being reported to the outside world are a fraud.

Okay, some more numbers:

BoostPool’s payout numbers in BTC for Sept. 19 were approximately 0.49440387.

BoostPool’s DGB mining proceeds in BTC for Sept 19 were approximately 0.891.

That’s a difference of slightly over 45%. That’s what was skimmed. Not quite a double of the reported hashrate, but just about.

In DGB terms, that was approximately 4,050,000 DGB mined and only 2,247,290 paid out.

Those calculations are derived from the information we have in the DigiByte block explorer ( http://insight.dgb.cryptopoolmining.com/ ) and BoostPool’s payout page ( http://boostpool.com/stats/ ) using the average price for DGB and GRS for the 19th of September – keep in mind that the first 3 entries for BoostPool’s payout are in BTC, and the rest in GRS.

That’s also a total of 2,247,290 DGB that were sold in order to payout in GRS and BTC (and to prop up GroestlCoin’s price as a by product), for those concerned about the dumping.

It’s a little difficult – time consuming more than anything – to get to the raw data to see this, but if BoostPool were to be clearly identified in the block explorer as the finder for the blocks it finds, we could all do this math in very little time, and the miners on BoostPool could clearly see that they are being taken for a ride (getting very little more than they could using an open source optimized miner on an honest pool while a little more than 45% of their hashing power is being stolen from them).


SUGGESTED SOLUTION:

Make mining pool identification on the block explorer mandatory.

Any pool that refuses to identify itself would have its IP blocked.

All non-complying pools would be given a 24 hour notice before being blocked.

Solo miners would have an IP ID “exception”. (Simple probability analysis would alert us to a pool masquerading as a solo miner.)