I'm kinda undecided...well if ASICs owners would turn against network they could kind of easily attack it.
We are thinking there might be another option. An option where we keep Scrypt and at a certain block we add in another algo that is weighted heavier than Scrypt. This way all our existing pools/miners can still mine DigiByte. But they will be incentivized to start mining on the new algorithm that is weighted heavier & rewarded with more new coins. This would hopefully lead to a nice smooth transfer over to a new algo. Then at a later date we could release another update that removes Scrypt from the client. Or we may just keep it and reep some of the benefits of allowing ASIC miners to mine DigiByte, but at a disadvantage to GPU miners. We feel it is important to keep GPU miners in the game. People feel a lot more comfortable getting into crypto mining when all they have to do is purchase or using an existing graphics card. Graphics cards can always be resold or used for gaming/work desktop environments. ASIC's are good for only one thing and if Bitcoin is any indicator they will lose their value very quickly as newer more efficient models come along. |
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If you are going to change algo, you can also add PoS... Energy efficient X11 + energy efficient PoS.
+1 +2 +1 Could you please explain your rationale for wanting to add POS? We feel POS would be very counter productive to what we are trying to accomplish with DigiByte. We are very interested in hearing why the opposite approach may work. |
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With so many new coins being released, and people moving from coin to coin like a mob, what do you think is the best way for DigiByte to break away from the pack?
We feel that focusing on getting DigiPay up and running and a few big merchants accepting DigiByte is what will allow for this to happen. What are your thoughts?
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@DIGIBYTEhere is the promo video: https://www.youtube.com/watch?v=lz3sO1BfDRYchance one: https://www.youtube.com/edit?o=U&video_id=PMCAO0G1vscif you don't like some parts, I can chance it the movie is not publicly on youtube, if you have no comments I give him publicly do you like the movie people? and will you give some back? -let see it to everyone who you know. -like my movie on youtube -follow me on youtube or donation me: -digibytes: D5SU47NvEHjuRsgrKyPWiCnV8M27vSUFr9 -bitcoins: 1FPMcK3LkgUtCZaVj3ZU4ugZJajVairtfA -dogecoins: DStKzdoiUgCRhikUnPCKQ1dYrTGAwGCsHY I've chance the movie, so like my movie again! first chance First of all, great effort and i love your dedication. But i don't think this is a "professional" video. I thought digibyte wanted something like this: https://www.youtube.com/watch?v=Um63OQz3bjo&list=PLOBMT9KFLoap5AHR-wdSM6S7Ub1_lQbTxIt's completely animated and u need somebody that is specialized on that. I've spoken to a couple of animators and they say it's about one week's work to make this. Too bad that those animators i know don't care much for cryptocurrency, so they are not willing to make it cause it's a lot of work ( i begged them  . Maybe someone knows an animator who loves cryptocurrency and is willing to help? But in this video there are some parts that can be used for the more professional one, so it's very usefull. And in the video there's no digiman, i think he must be in it too. Also, when u export the movie check your audio settings, cause i heard the original mp3 and it's much clearer then the one in your video. Yeah I have to agree. I've seen a few sites which create such videos but I'm guessing the cost is probably in the thousands of dollars. Better to wait or spend the money & get it done professionally. No offense to the creator of this one btw. We definitely want to make sure the video we use to promote DigiByte is very professional and accurately portrays what DigiByte is and how we want to be received by consumers. |
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Im fucking sherlock , this guy is going down
Really good work, we need much more analysis such as this in the community. i should be a senior member lol , and this motherfucker just goes and talk with the world https://www.youtube.com/watch?v=o_ISpsRwDc0Wow....just wow. |
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We are now spending considerable time & energy researching other algorithms and how we could go about making a switch. To our knowledge no other coin has yet to fork and switch algorithms after it has been launched. As such there is a whole new set of problems that need to be addressed.
We think it is definitely possible, but considerable preparation will have to take place ahead of time.
The biggest problem we foresee is what would happen at the exact block of the switch. One look at the Vertcoin thread shows they only have two mining pools. DigiByte would probably lose most of our mining pools right away if we went with Scrypt-N. There are also several other potential issues we see causing problems. Never the less, it is something we would like to play around with and test out to see what our options are.
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@DIGIBYTEhere is the promo video: https://www.youtube.com/watch?v=lz3sO1BfDRYchance one: https://www.youtube.com/edit?o=U&video_id=PMCAO0G1vscif you don't like some parts, I can chance it the movie is not publicly on youtube, if you have no comments I give him publicly do you like the movie people? and will you give some back? -let see it to everyone who you know. -like my movie on youtube -follow me on youtube or donation me: -digibytes: D5SU47NvEHjuRsgrKyPWiCnV8M27vSUFr9 -bitcoins: 1FPMcK3LkgUtCZaVj3ZU4ugZJajVairtfA -dogecoins: DStKzdoiUgCRhikUnPCKQ1dYrTGAwGCsHY I've chance the movie, so like my movie again! This is a very good start! We are running it by a few more people to get their opinions. But great work, it flows very well! If we get you some higher quality graphics at certain points could you swap them out? |
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Interesting article, thank you for posting. |
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Does anyone know of any good video production companies that are crypto friendly? We need to get this promo video completed.
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I think that an alternative algorithm should be developed (maybe in conjunction with the Doge coin developers??) but held off until we see how hard the network is hit by the asics.
It may not be as big a problem as people are thinking.
We need to remember there are people out there running farms with hundreds of gpus. These are the same people who will invest big in the new asics, so yes the hash rate will grow, but by how much, as I'm sure these are the same people who will turn off there gpu farms and mine purely on asics.
Maybe work with the people behind Sgminer directly to develop the new algorithm, im sure between Digi, Doge and the Sgminer crew you could come up with the true next gen algorithm.
This is a sensible approach to take. We have had some discussions with the Doge devs about this. We feel at most there is going to only be a 3-5 fold performance increase. No where near like what happened with Bitcoin Asics. There are a number of issues that will be experienced with making another hard fork. During the last one we lost several mining pools, an exchange and all our block explorers. As DigiByte grows and more companies/platforms add DigiByte it will make hard forking and switching algos less of a possibility. |
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let the asics have digibyte and hold all your coins will only drive value up like bitcoin. saying that im only a one card wonder gpu farms have more to loose NEED MORE MERCHANTS ALL THESE COINS ITS A RACE AGAINT TIME WHO GET ESTABLISHED FIRST. the cyrpto coin grave yard is stacking up
You are absolutely correct. It is a race to see who gets established first. We are doing everything we can to be that 1st coin. We are in this for the long haul! |
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If you decide to switch algorithm, please switch to something that does something else than forces the hashing power down. For example the vert mining just forces the hash down but also seems to cause a lot of strain on the gpu even at low intensity, which I find stupid. The best would be to implement something new if you decide to change, even though I do not really understand the need to change. However to have something unique might interest new investors also it would show that you are not just another coin dev that copy pastes code.
You bring up some very valid points. We are looking more into each algorithm to decide if we can improve the performance and maybe implement something unique to DigiByte like we did with DigiShield. |
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Most mining pools do not support Scrypt N at the moment. Would we be doing more harm than good?
I am not sure 100%, but they don't care what algo is, because they need just a daemon. Am I missing something? We have never ran a pool but will look more into it. |
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What sort of hash rates to you see with X11 & Scrypt-N is it about the same as Scrypt? Or is their a reduction in hash output?
Never bothered with Scrypy-N, But with x11 I get the following: 1.8 mh/s on an Asus 7970 1.24 mh/s on a R9-270 So you are actually getting a hash increase over Scrypt/CGminer? Yep. Different Algorithms so different hashrates Scrypt Equiv x11 7970 720kh/s 1.8 mh/s 270 480kh/s 1.24 mh/s Interesting, thanks for sharing. Was talking to the Doge devs and they brought up some good points. The stratum on several pools will have to be changed and at the exact block of change we could see some wacky things occur with the net hash rate. Most mining pools do not support Scrypt N at the moment. Would we be doing more harm than good? |
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What sort of hash rates to you see with X11 & Scrypt-N is it about the same as Scrypt? Or is their a reduction in hash output?
Never bothered with Scrypy-N, But with x11 I get the following: 1.8 mh/s on an Asus 7970 1.24 mh/s on a R9-270 So you are actually getting a hash increase over Scrypt/CGminer? |
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What sort of hash rates to you see with X11 & Scrypt-N is it about the same as Scrypt? Or is their a reduction in hash output?
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Voting for x-11
GPU's are cooler, very hard for asics.
What about botnets? GPU botnets, or CPU botnets with x-11? |
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