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Official statement
The block reward formula of Digit X13 remained identical to the formula of Digit (scrypt), yet scrypt had many times less miners. The current state of DIG on the markets shows that anyone that had mined the old DIG are in a greatly advantageous position compared to the people currently mining the coin.
After gathering statistics from many different sources such as the website, client downloads and the hash rates we came to a conclusion that the amounts paid out for original Digit users are up to four times larger than of the Digit miners currently, because block rewards are divided by more people and that in turn creates a situation in which no new miners think starting to mine Digit now is favorable enough. We want to change that to show that Digit is truly a trustworthy project and we, the developers, are honest without favoring one or the other.
Taking into account all the feedback we got we would like to present a solution of hard forking DIG with raising the block reward multiplier four times and halving the mining window, from one year to six months. Here's an example:
Block reward at a difficulty of 50:
3.65 x 50 = 182.5 DIG.
After the hard fork (4 x 3.65 = 14.6):
14.6 x 50 = 730 DIG.
Taking into account both of these changes, block reward would start to decrease 8 times faster than it currently does. The reward multiplier for the starting block was 3.65 and the reducing factor is -0.01 per day. The new multiplier would be 14.6 and the new reducing factor would be -0.08 per day, ending up with a 14.6 / 0.08 = 182.5 days (from the first day) until the end of the mining period.
The PoS (staking) part of the code would stay as is - rising for the first 12 months and then starting to decrease.
Whereas changing the block rewards will most likely not be favored by anyone who mined Digit (scrypt), it will still greatly benefit the coin in the long term. In addition, with cutting the mining window in half we reduce the supply of coin overall which is a pleasant change for the original miners.
No project can be successful without a stable growth of its supporters, but currently we're in a rather stale situation. As Digit supporters grow in number and the coin gains popularity, we will certainly start to do better in exchanges to the joy of old and new supporters alike.
So, all in all this change will equal the odds between the early miners and the new miners which benetfits all Digit supporters in the long term.
Remember, Digit is a long term project, not a coin that comes and goes. We, the development crew, will stick to our project through the good and the bad.
