But.. Circulating supply growing fast.. Miner sell for cover the cost.. Produced 1month 1m dgb without demand.. Gud luck..
Now, let us think about this and make a couple of quick comparisons. DigiByte is approaching the half way distribution point this year, with just over 10 Billion coins already in circulation. DigiByte is capped at 21 Billion coins and all the remaining coins will take around another 16 years to mine, after which the mining reward is reduced to nothing other than transaction fees.
Now let’s look at a couple of other coins with more than DigiByte, already in circulation.
Doge, has over 114 Billion coins already in circulation. 10,000 new Doge produced nearly every new minute that passes …forever! Yet somehow still commanding a very respectable price at market in my opinion, considering.
Verge, has nearly 15 Billion coins already in circulation. They are supposed to stop at 16.5 Billion… I don’t know but I see more trouble brewing here, again in my opinion. Currently still knocking out over 1500 coins every 30 seconds, very close to current DigiByte rewards. I would not be surprised in the least, if Verge eventually ended up supplying more coins than DigiByte in total, because I’m having trouble believing 16.5 Billion whilst maintaining any kind of mining security and that’s before any regulation difficulties there might also be on the horizon for them.
That said, with respect to the crypto landscape, I wouldn’t say either of those coins was overpriced!
But…
I think DigiByte is STILL very much the crypto-opportunity of a life time by comparison!
Maybe, the only thing holding DigiByte back is that the community cannot decide how big its balls should be!...........much bigger, I think….but patiently been watching them grow.
Don't worry about the supply!
Thanks for the overview, very helpful. I think how much a coin is used will come to determine the price a lot more than the supply, and for that reason Digibyte has a very good future ahead of it. Clif high got me onto this coin a year ago, I'm glad he did.