Net hash rate atm is 1033.96 Mh/z that seems very low for a 1 month old coin, diff always hovers around 16, if it goes higher it comes back down once multi pools pull off. Doesn't seem to be making the progress it should, not enough people mining it. It seems to just have a small army of loyal supporters and that is it, not much growth.
Our net hash is very good compared to other more established coins that have been out there for 6 months or more. Just look at Casinocoin or Sexcoin. Growth can me measured in several ways. Every day more and more people are interacting with DigiByte on Facebook, Twitter and Reddit. Every day more people are downloading the DigiByte wallet. DigiByte has become a great coin for people brand new to cryptos to become a part of. Most of these people have little if any hash to contribute to the network but they are contributing in other ways. We have seen steady & consistent growth in a down and turbulent bitcoin market. This is a good sign. When Bitcoin recovers and makes another huge jump so to will DigiByte. The next major explosion of crypto currency will be very good for DigiByte! |
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Maybe the fact that you premined
You might of hit the nail right on the head there, seems Cryptsy dislike coins that premine large amounts. All the coins that have been recently added that i have checked have only premined a few blocks to test or premined a very small amount for giveaways. DGB are still holding onto a lot of premined coins, not going to get on Cryptsy imo. Several coins pre-mined much more than we did, have not been transparent nor given away many of their coins and have still made it onto Cryptsy within just a few weeks. At this point we are holding on to about 10% of coins. This share percentage is reducing every day. Launching a coin is not a cheap endeavor. Already this has cost us thousands of dollars in time, fees and expenses. |
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Just wanted to give you all an update on DigiByte and our thoughts on reducing the reward.
First of all, we would like to thank all of your for your continuing support. Your support as a community has been amazing and we are very much looking forward to the bright future DigiByte has in store!
At this point we are working on several things. An update to the most current Litecoin version. A light speed wallet. Work is being done on the exchange (Legal mostly at the moment) and several other things are in the pipeline.
Halving the block reward or reducing it right now would benefit existing holders of DigiByte and current miners in the short term. We would benefit as well. However, this would not benefit DigiByte in the long run. If anything we need to increase the production of DigiBytes.
Bitcoin/cryptos experienced a 60 fold increase in 2013. Even if it experiences only a 10 fold increase this year that will give the crypto markert a 100 billion market cap.
At the current production rate there will be just over 4 billion DigiBytes in circulation by this time next year. This is right on target for DigiByte trading in the $1 - $10 range within a year.
We currently have no plans to reduce or increase the block reward. Yes, there would be an immediate benefit to existing holders but this would work against us 6-18 months from now.
We are running through other scenarios and calculations. For instance what if we decreased the reward by 30% right now and then began increasing it every few weeks by 10% until about 6 -12 months from now when it would start decreasing again.
Once again, we are in this for the long run and we would like to thank you for your support! Stay tuned for more updates / developments in the next week!
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Any update/more rumours on Cryptsy?
Of all things they added Maxcoin today...  They must be taking bribes. Cryptsy just want the fees for all trades when the next hype comes. bitjohn is to greedy these days. We have yet to even receive a reply from any of the messages we have sent to people at Cryptsy. If we do not see any progress on this by tomorrow we are going to start messaging them several times each day until we get a response. We do not understand what they have against DigiByte. Make sure to keep messaging them! https://cryptsy.freshdesk.com/support/discussions/topics/72581/page/last#post-4000000047 |
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DigiByte.co is back online everyone! Happy valentines day!
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This is awesome! Let us know when you want to be added to the list! Thank you very much for your support! |
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If we we have missed any pools on the website or page 1 of this thread please PM us on here. Keep messaging Cryptsy! Lets take DigiByte to the moon!
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So the DigiByte "creator" has just received an invitation to speak at the upcoming Crypto Convention on April 9th in New York at the Midtown Manhattan Hilton. I Jared (BitcoinTate) as the creator/founder would be honored to attend and speak on behalf DigiByte. I will be releasing my LinkedIn profile in the coming days and plan on becoming transparent with exactly who I am. I am proud of DigiByte and I am very committed to its future. Not sure what all the convention will entail, but I am looking forward to finding out more about it. I feel this will be a great opportunity to help show DigiByte to the world and to network with fellow crypto enthusiasts. |
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DEVS, any updates on the dgb-usd exchange?
The layout for the exchange has been planned out. We are still heavily researching the legal aspects. We do not want to get into trouble with any of the state or federal authorities here in the US. |
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What is going on? The miners who mine DGB are Less and less.
And there is only 40 million DGB (Balance40299999.46 DGB) left in Development account. I did not see some public giveaways or rewards.
This is not accurate, there is much more than this left in the Dev account. |
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There is a rumor going around that we are getting onto Cryptsy this weekend. We cannot confirm or deny this as we have had no official contact with Cryptsy. In the mean time make sure to message them and ask them to add DigiByte! https://cryptsy.freshdesk.com/support/discussions/topics/72581You can also send a tweet to @cryptsy |
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If we have missed any mining pools on the list or website please let us know.
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+1 Will get you guys added back on the list! |
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This would be a great way to represent the separate language threads! |
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I think we need more than just exchanges? What about a tippingbot? Or just more companies accepting it?
A tipping bot might be nice. One issue with the low price at the moment is that it limits merchants to small payments. According to coinmarketcap the market is currently $338,543 meaning that to make a payment of even $1,000 you would need to own 0.3% of all Digibyte minted so far (a touch under 1,4000,000DGB). With low exchange volume this is a problem as you would have to pay far above market value to buy up $1,000 worth immediately and likewise would lose money if you wanted to convert it instantly to cash. Granted it is probably not the buy side which is the issue as buyers would simply use their existing holdings to make payment, but for a merchant with a serious business, who ideally wants to convert it instantly to cash instead of playing the market on their sales this is an obvious issue. So, what this means is that we need: 1. A higher trade volume on exchanges. Ideally one big exchange in my opinion as that will make it easier for merchants to sell, as well as creating greater price stability overall. 2. To find & partner with merchants who either have an active interest in Digibyte (such as Martins); or a merchant who crypto fans often buy things from & whose transactions average a few hundred dollars. In my mind a tipping bot as Msile suggested is interesting, but not being a programmer far be it for me to ask someone else to design such a thing. I'm assuming that the majority of current DGB users are in either Nth America or Europe so I lack market knowledge, but is there a little cousin to Newegg or the like whom we could approach with an offer they can't refuse? Obviously a market leader would never go to the bother of adopting DGB at the moment but perhaps there is someone down the food chain who might be convinced. I have implemented a DGB tipping bot for our reddit site ( http://www.reddit.com/r/Digibyte/) and others are in the works. :-) More details to come.... Thank you for the awesome work! We just sent some DGB to the address in your signature! As we are new to Reddit would you mind explaining exactly how to use the tipping bot? |
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I just wanted to let you guys know a little birdie told me DigiByte will officially be added to Cryptsy this weekend. You guys have a great community of people and appear to really care about your coin. This is what matters most in a coin's success.
Keep up the great work.
This is great news! Can anyone else verify this? We have had no official contact with Cryptsy. We do have a great community and we really do care about the long term future of DigiByte! |
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