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1201  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 16, 2014, 06:19:28 PM

I'd be in for groestl or some algo like that as the summer is comming from what i've heard it makes alot of less heat is way less quiet and does way more work!

Quark also good for summer, similar to X11 in power consumption/ heat generated
We are definitely implementing Groestl, Sha-256, Scrypt and Qubit (best CPU algo 3:1 GPU:CPU). The 5th algo we have not decided on yet.

We also have talked about 3 algos possibly.

Groestl by all measures is more energy efficient and better performing than x11 for GPU miners.
1202  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 15, 2014, 10:45:05 PM

Better rewards
Coins deposited directly in your wallet
DDoS resistant
Up 24h/24h
No registration needed, just a DigiByte address as username
If node is down, you don't lose your DigiByte, your work is saved on network.


JOIN US TO MINE
Great pool! Everyone should try out P2P mining at some point.
1203  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 15, 2014, 08:32:37 PM

Got a 1.6(ish)TH SHA-256 ASIC available and willing to use for testing the multi-algo. Have sent a similar message on IRC...  but honestly have not used IRC since the 90's....  so if interested maybe best to PM on here....


Thank you for the offer! We are not quite to that point but when we are we could definitely use the SHA hash! We will post over all social media when we are ready. Thanks again!
1204  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [NAUT] Nautiluscoin - First Coin w/Stabilization Fund - Digishield on: June 15, 2014, 06:33:14 PM
Make sure you use PORT 3447  to mine NAUT at IPOMINER

I am renting from Betarigs...does anyone know the proper workername: I have it set to BKCM.1 but it does not appear to be mining at ipominer yet?
BK,

Typically you set this up from within the mining pool dashboard. You "create a worker" and assign it a number or name.
1205  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 15, 2014, 06:22:44 PM
For those looking for more validation about whether or not DigiByte's move to multi-algo mining is the right thing to do please read this post by Gavin, the chief scientist for the BTC foundation.

https://bitcoinfoundation.org/2014/06/13/centralized-mining/
1206  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Poloniex Has Rejected SuperCoin on: June 15, 2014, 05:38:50 PM
Code:
static const int64_t MAX_MONEY = 150000000 * COIN;
static const int64_t POW_MAX_MONEY = 50000000 * COIN;

There is a huge misconception out there that MAX_MONEY sets the total coin count for a coin. This is false. MAX_MONEY sets the maximum amount of coins that can be sent in a single transaction over a network. It is customary to typically set this to the maximum coins that will be created but it is not necessary.

We have played around and tested this to verify it on the DigiByte testnet before. We made sure this was the case.

The actual reward is determined here between lines 1033 & 1082: https://github.com/supercoinproject/supercoin/blob/master/src/main.cpp

Code:
// miner's coin base reward
int64_t GetProofOfWorkReward(int nHeight, int64_t nFees, const CBlockIndex* pindex)
{
int64_t nSubsidy = 512 * COIN;

if(nHeight == 1)
nSubsidy = INITIAL_OFFERING_PERCENTAGE * POW_MAX_MONEY;

if(nHeight > LAST_POW_BLOCK)
return 0;

int nPoWHeight = GetPowHeight(pindex) + 1;
printf(">> nHeight = %d, nPoWHeight = %d\n", nHeight, nPoWHeight);

int nReduceFactor = 0;
if(nPoWHeight < SWITCHOVER_POW_BLOCK)
{
nReduceFactor = nPoWHeight / 43200;

if(nReduceFactor > 9)
nSubsidy = nMinSubsidy;
else
nSubsidy >>= nReduceFactor;
}
else
{
if(nPoWHeight < 19200)
nSubsidy = 512 * COIN;
else if(nPoWHeight < 28800)
nSubsidy = 256 * COIN;
else if(nPoWHeight < 38400)
nSubsidy = 128 * COIN;
else if(nPoWHeight < 48000)
nSubsidy = 64 * COIN;
else if(nPoWHeight < 57600)
nSubsidy = 32 * COIN;
else if(nPoWHeight < 67200)
nSubsidy = 16 * COIN;
else if(nPoWHeight < 76800)
nSubsidy = 8 * COIN;
else if(nPoWHeight < 86400)
nSubsidy = 4 * COIN;
else if(nPoWHeight < 96000)
nSubsidy = 2 * COIN;
else
nSubsidy = 1 * COIN;
}

    return nSubsidy + nFees;
}

To find the exact coin coin count you would need to do the math and add everything up in there.

For a comparison this is where Bitcoins maximum coin supply is determined. Once again you have to calculate it out to prove it is 21 million.
Code:
int64_t GetBlockValue(int nHeight, int64_t nFees)
{
    int64_t nSubsidy = 50 * COIN;
    int halvings = nHeight / Params().SubsidyHalvingInterval();

    // Force block reward to zero when right shift is undefined.
    if (halvings >= 64)
        return nFees;

    // Subsidy is cut in half every 210,000 blocks which will occur approximately every 4 years.
    nSubsidy >>= halvings;

    return nSubsidy + nFees;
}

EDIT: We are not defending Supercoin (had never heard of them until this post) nor have we done the exact math in their code. We simply wanted to point out a common misconception to avoid future issues for everyone.
1207  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 15, 2014, 02:00:01 AM
As mentioned above we have now finally compiled the multi-algo mining code into a #Digibyte QT wallet & have commenced initial testing! Will keep everyone updated over the next couple days!

Do you need test hash?
Thank you very much for the offer!

We should be ready for more testers at some point tomorrow or the day after. We want to make sure a few things work before we get to that point. We will post on here when we are ready for more advanced testing. Then we can have everyone who would like to help us with testing join us in the DigiByte IRC channel.

1208  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 15, 2014, 01:35:32 AM
As mentioned above we have now finally compiled the multi-algo mining code into a #Digibyte QT wallet & have commenced initial testing! Will keep everyone updated over the next couple days!
1209  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 15, 2014, 01:28:02 AM

I guess you missed out when it hit 80 sat about 2 weeks ago, sucks to be you. Pls feel free & sell @ 42. Ill buy. Have a great day.

Roadmap is what? Now its 3 months. Multi-algo is where? Digishield have low hashrate issue is fixed or not?

How about coinbase? You cant do this, never say you can do it.

And THE DEV ADDRESS:

Quote
Address Ledger
No. Transactions   760
Total Received   45395999.46 DGB
Total Sent   32707988 DGB
Final Balance   12688011.46 DGB


I hold 59M digibytes. You want free digibytes? I cost 55 BTC for this. Just cause digibyte say they can do billion dollars payment network.

As a scam coin, its the best one i have seen.
You can think what you like. If you you do not want to be involved with DigiByte please leave and stop spreading FUD. We do not want community members who are constantly complaining and throwing around unfounded accusations in an immature manner. If you want instant gratification there are plenty of pump & dumps to go get involved with right now and other threads where you will fit right in with your pointless comments.

Why not try helping by contributing to the future of DigiByte? This is an OPEN SOURCE project so if you are personally gaining from DigiByte why not help make it better instead of wasting everyone's time?

We are working very hard and we have been transparent since day one. We have been committed to our long term vision and will continue to do so. We are moving forward with a plan and as any reasonable person would understand, sometimes things don't always go exactly as planned.

Good news is we have now have the multi-algo code compiled into a QT and we have started testing.
1210  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 14, 2014, 03:19:29 PM
I know it's not exactly the focus of the team at this point, but what's going on with digipay? I'm curious.
Company has been formed and we have started development. But our main focus is fixing the chain right now.
1211  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 14, 2014, 03:17:45 PM
Yeah Digi is really a good coin  Smiley Over 12 hours and 1 confirmation on a transfer, great :/

Less than 100 blocks found in the last 2 days.

And to think that I was accused of "trolling so hard" for simply, directly and clearly bringing this issue to the Devs' attention! That does not speak well in their favor. Further accusing me of being a Dev for a competitor coin whose only interest was to "attack DGB" was just more of the same. All that from a Dev team that has now begun to work around the clock for a solution. Would that be what we'd call, "eating their words"?

Well, at least they've gone from trying to sweep it under the carpet to saying that they're working on a solution!

Is that really the case though? The old block explorer is no longer working: http://explorer.cryptopoolmining.com/chain/DigiByte
Does that mean we can no longer see where the freezes happen and follow the situation ourselves?


HR. As mentioned before we appreciate your input and you bringing this up.

We are not perfect by any stretch and as all humans do we make mistakes sometimes.

No idea what is happening with the block explorer as we do not run that website.

We are workings very hard right now to get the issue resolved. As stated before we want to avoid back to back hard forks.

1212  Bitcoin / Bitcoin Discussion / Re: Bitcoin Dev Sells 50% of his Bitcoin due to 51% threat. on: June 14, 2014, 10:09:25 AM
We view this as a huge problem. We invite all devs who agree to come join us at DigiByte. We have strategic main stream partners who believe the DigiByte brand has the most potential to be marketable above all alt coins. But we also have a solution to the centralized mining problem.

Email me at: dev@digibyte.co

You send and store data in megabytes & gigabytes. Why not send money in DigiBytes?

- Jared Tate
DigiByte Founder

https://www.linkedin.com/pub/jared-tate/90/9aa/257

https://www.youtube.com/watch?v=JkWVD8MJlS0
1213  Alternate cryptocurrencies / Altcoin Discussion / Re: With ASICs on the horizon should DigiByte switch algorithms? on: June 13, 2014, 07:09:30 PM
I thought the point was to make DGB a multi algo coin? So with Sha256 and Scrypt being minable (like myriad) it doesnt cut anyone out of the game. If you add in x11 it gives everyone the advantage of mining and acquiring coins.

I always liked the idea of a multi algo coin covering, Sha256, Scrypt, X11 and POS. Basically 3 efficient ways of mining the coin (depending on platform) and 1 more to incentiveize holding and steaking coins. Preventing dumping.
This is an interesting idea. Multi-algo plus POS.
1214  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 13, 2014, 07:06:37 PM
DGB now added to voting list on Poloniex

Now all you need to do is vote, DGB has been officially added to their voting list,  lets ROCK THIS and help increase exchange exposure for DGB & the community: https://www.poloniex.com/voting

Have a good day.
This is great to hear! Lets get this out. We will send out a tweet over it!
1215  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 13, 2014, 05:44:21 PM
We are working very hard on the multi-algo right now! We have to make absolutely sure it all works and then we will need to give people enough time to update before the hard fork occurs. This will be mandatory. Soon as we are ready to release the updated wallet we will begin personally contacting all mining pools and exchanges.

We will get through this and move on to bigger and better things for DigiByte! Thank you all for your patience!

I only have 1 GPU, but if you need test hash, feel free to let me know. I have no problem donating it if need be.
We really appreciate it and will take you up on that when we are ready! When we get the five algos, plus pool set up we will invite people into the DigiByte IRC room to help us with testing.

We will post an update as soon as we finish our initial testing and get to that point. We are still working out some code compilation bugs.

Thank you all again for your patience. Some very exciting things are being done in the back ground for DigiByte right now!
1216  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 13, 2014, 05:18:35 PM
We are working very hard on the multi-algo right now! We have to make absolutely sure it all works and then we will need to give people enough time to update before the hard fork occurs. This will be mandatory. Soon as we are ready to release the updated wallet we will begin personally contacting all mining pools and exchanges.

We will get through this and move on to bigger and better things for DigiByte! Thank you all for your patience!
1217  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 12, 2014, 05:29:58 PM
I'm interested in mining DGB after the algo change Smiley
I'm sure it was posted somewhere in the thread about how exactly multi-algo mining is going to work, but I haven't been keeping up like I used to.
I'm guessing using scrypt asics to mine is out of the question? (Just ordered a gawminer fury)
We will release a guide on how it will all work. You will be able to mine on any of the algos you choose. CPU mining will even be possible.
1218  Alternate cryptocurrencies / Altcoin Discussion / Re: Coins that changed their PoW algorithm? on: June 12, 2014, 12:19:20 AM
Many coins use POW in the beginning than switch to POS. You can look up Silkcoin, they are doing it and are currently in the second POW phase.
We are in the process of switching to five algos as we speak. Spaincoin also made a change. There have been a few others.

I was more curious about coins switching their PoW algorithm after a certain block
1219  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 12, 2014, 12:06:22 AM
@Digibyte So what are you all focusing on for the changes?
We are going to make mining for everyone as fair as possible as well as making sure the block timing returns to normal. We are working on compiling the new wallets for testnet right now. There will be a lot of changes to the code base. We are trying to do in a week what we planned on would take us a couple months. But it is our #1 priority right now.
1220  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ★★ DigiByte ★★ [DGB] ✈ DigiShield ✔ v2.9.1 ✔ Multi-Algo mining coming soon! on: June 11, 2014, 04:08:11 PM
We are still working very hard around the clock to get a fix & update completed!
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