[ANN] ArabianChain - DubaiCoin (DBIX) - Smart Contracts from Dubai to the World

[Porte]

This project has to succeed if not These people will walk with not pride for the rest of their life, Their photos and names are out there and if they don't deliver their reputation will be damaged for life so they will do good for their own benefit, I don't think they are idiots enough to scam when they have their names and photos publish, They can not into court if they lie by getting money from the community to buy their coin we false information

[Goldsheik]

Does Livecoin still own 50% of all DBIX?

[zahidmoon]

Does Livecoin still own 50% of all DBIX?

i think more then 50% coin of dbix is holding by live coin exchange
and they will hoding them until dbix will list on any other exchange
i am waiting for dbix team to release new updates
in their upcoming release security will be high and block variation will reduce

[john1010]

Everything is good about this coin, the only 2 problem is 1. Long Confirmation and 2. Very High Difficulty... The project was good.. I hope the dev team will give us update soon as possible..

[zahidmoon]

Everything is good about this coin, the only 2 problem is 1. Long Confirmation and 2. Very High Difficulty... The project was good.. I hope the dev team will give us update soon as possible..

yes these two problems only accrue because miners attack on this coin so hard and dig very deep in a very short time
that't why difficulty is too high right now but now their is only few miners right now mining dbix coin and block time is increasing
avg. block time is more then 7 mint right now
it should be in 100s..

[john1010]

Everything is good about this coin, the only 2 problem is 1. Long Confirmation and 2. Very High Difficulty... The project was good.. I hope the dev team will give us update soon as possible..

yes these two problems only accrue because miners attack on this coin so hard and dig very deep in a very short time
that't why difficulty is too high right now but now their is only few miners right now mining dbix coin and block time is increasing
avg. block time is more then 7 mint right now
it should be in 100s..

I minted this coin before but when i realise that aside for not profitable to mine, the difficulty climb very high.. the low value(price) of the coin was not the problem, but the difficulty to mine this coin..

[zahidmoon]

Everything is good about this coin, the only 2 problem is 1. Long Confirmation and 2. Very High Difficulty... The project was good.. I hope the dev team will give us update soon as possible..

yes these two problems only accrue because miners attack on this coin so hard and dig very deep in a very short time
that't why difficulty is too high right now but now their is only few miners right now mining dbix coin and block time is increasing
avg. block time is more then 7 mint right now
it should be in 100s..

I minted this coin before but when i realise that aside for not profitable to mine, the difficulty climb very high.. the low value(price) of the coin was not the problem, but the difficulty to mine this coin..

i was mining this coin and got very good quantity of dbix but now the mining is not profitable and 1 Dbix value is not more then 10$
so i think right now buying is more profitable then mine Dbix
i will start mine Dbix when the block time will under 200s or atleast 300s
 

[RPS13]

avg. block time is more then 7 mint right now
it should be in 100s..

No its not. Its at 1544 seconds right now, taken the average over the last 100 blocks. The calculation mechanisms are all too slow to keep up with the volatility of this coin lately. And because the average blocktime is so high now, the difficulty will also take longer and longer to decrease. They use a fixed step in difficulty adjustment each time a block is generated. When the current blocktime is above the desired time (90 sec), it adds a fixed step to the difficulty, and when the current blocktime is below the the desired time it detracts a fixed step from the difficulty. So with these very high blocktimes it takes waaaaaay longer to decrease the difficulty.

And things are not much better when hasrates do eventually go up again. As hashrate increases, blocktimes go down, and then the increase in difficulty will start to accelerate. So within no time you are back to an unmineable coin because the difficulty is too high again. The whole mechanism is completely unbalanced if you ask me.

So whoever came up with that algorithm....?


For me dubaicoin mining is just not profitable right now. Buying the coins is actually cheaper than paying for the electric bill of my mining rig. So ill spare my mining rig the devaluation and use it with another coin where its actually beneficial to mine.

[REMINISON]

Latest update from developers
https://twitter.com/arabianchain/status/888929340100145152

[BITCOIN INFINITY]

Latest update from developers
https://twitter.com/arabianchain/status/888929340100145152

Is this a joke? With 800k of investment he is looking for a developer on twitter? No it's good I give up



The one who created the wallet, shame on him I've never seen a wallet as rotten. Even a child would do better!

Either develop or die with your project

Hey so foolish minor says he who calms down. It is he who increase the diff. Then press the brake man  http://dbixscan.io/addr/0x042f649c1c977df4f8498bd3047850bcb08435ae

[zahidmoon]

avg. block time is more then 7 mint right now
it should be in 100s..

No its not. Its at 1544 seconds right now, taken the average over the last 100 blocks. The calculation mechanisms are all too slow to keep up with the volatility of this coin lately. And because the average blocktime is so high now, the difficulty will also take longer and longer to decrease. They use a fixed step in difficulty adjustment each time a block is generated. When the current blocktime is above the desired time (90 sec), it adds a fixed step to the difficulty, and when the current blocktime is below the the desired time it detracts a fixed step from the difficulty. So with these very high blocktimes it takes waaaaaay longer to decrease the difficulty.

And things are not much better when hasrates do eventually go up again. As hashrate increases, blocktimes go down, and then the increase in difficulty will start to accelerate. So within no time you are back to an unmineable coin because the difficulty is too high again. The whole mechanism is completely unbalanced if you ask me.

So whoever came up with that algorithm....?


For me dubaicoin mining is just not profitable right now. Buying the coins is actually cheaper than paying for the electric bill of my mining rig. So ill spare my mining rig the devaluation and use it with another coin where its actually beneficial to mine.

check clona.ru:3005
i am seeing that
last block 1 h ago
avg. block time 7 min
avg network hashrates 78.7 GH/s
difficulty 134.79 TH
what about this
i was talking about avg block time not last 100 block avg

[RPS13]

check clona.ru:3005
i am seeing that
last block 1 h ago
avg. block time 7 min
avg network hashrates 78.7 GH/s
difficulty 134.79 TH
what about this
i was talking about avg block time not last 100 block avg

Since block times are so slow now, the average of the last 100 blocks is way more representive of the actual current blocktime than what clona.ru is reporting!
Check for example: http://dbix.litwiller.us/calculator.html
Here you can see the average blocktimes for different time spans.
Clona.ru is using >1000 block average it seems, so that would mean they still include block times that were generated during the peak moments over a week a go when hashrates were still very high near the 2TH/sec.

For example, the last 48 hours has produced 113 blocks. That is ~25.5 minutes per block. Thats equals ~1530 seconds, which is pretty similar to the figure i gave before based on the last 100 blocks.

The last 24 hours had produced 40 blocks. That is ~36 minutes per blocks. So the situation seems to be worsening...
And I know, the less blocks used to calculate the average, the less accurate results you get. But still, at 40 blocks you should get a decent picture of the average blocktime imo. 

[veritasardentur]

This is the maximum for DBIX

and you just say this because you know and not because you are adv. for another coin in your sig and avatar  

nice job - what do they pay you?

You better not know how much they pay me

LOL.

Royal Kingdom Coin cant even pass 1000 ether after days on ICO. DBIX just got 4 times of that, without even trying.

Indonesians trade ether 10x your ICO on daily basis.

We all know, RKC is DBIX competitor to get contract from Dubai Government.

You trashing DBIX on this forum only shows which one is the puny weaker coin.

Dubai cant have more than one crypto, the size of its economy is not really that big, but it does seem to me, RKC is losing the battle.

Indonesian-arab investors are definitely on DBIX side, plannig to integrate dbix to remittance system for indonesian workers in arab world (thats a $7 billions market/year or Rp 100 trillions/year). They are now just waiting to buy in at the correct time, considering all the bitcoin's segwit2x brouhaha.

You convince nobody with your trolling.

[zahidmoon]

This is the maximum for DBIX

and you just say this because you know and not because you are adv. for another coin in your sig and avatar 

nice job - what do they pay you?

You better not know how much they pay me

LOL.

Royal Kingdom Coin cant even pass 1000 ether after days on ICO. DBIX just got 4 times of that, without even trying.

Indonesians trade ether 10x your ICO on daily basis.

We all know, RKC is DBIX competitor to get contract from Dubai Government.

You trashing DBIX on this forum only shows which one is the puny weaker coin.

Dubai cant have more than one crypto, the size of its economy is not really that big, but it does seem to me, RKC is losing the battle.

Indonesian-arab investors are definitely on DBIX side, plannig to integrate dbix to remittance system for indonesian workers in arab world (thats a $7 trillion market/year). They are now just waiting to buy in at the correct time, considering all the bitcoin's segwit2x brouhaha.

You convince nobody with your trolling.

if anyone thinks that dbix is weak then he should tink gain twice because dbix is very strong coin and have very good potential
dumper just trying to dump this coin but this coin is standing still by my point of view
only some issues are taking effect on this coin but dev will soon resolved these issues like wallet prob. block time that effect on mining. etc
and then we will see that dbix will grow faster
if you see last 3 month chart of dbix then you will know that this coin is rising
and in the end of this year dbix will just like ETH coin for the middle east and end of next year this coin will turn to bitcoin for the arab world

[RPS13]

So regarding the difficulty algorithm, ive just seen a video about a person's mining experience with the Ubiq coin:
https://youtu.be/_7DDbdZ7Ebo

This guy tracked the ubiq network difficulty and hashrates over a couple of weeks, and from his charts it becomes clear that Ubiq can deal much more rapidly with high fluctuating network hashrates. Ubiq has implemented a new difficulty algorithm called Flux earlier this year, and apparently it is working. Ubiq had to improve their algorithm for the same reason; unstable block times with rapidly varying network hashrates.

Now i think ive seen the Flux algorithm mentioned somewhere in regards to dubaicoin, but im not sure if it was developer related or something. So if dubaicoin developers arent looking into the Flux algorithm yet, maybe they should? It could be a good starting point to fix this problem once and for all? 

[iamnewhere]

Latest update from developers
https://twitter.com/arabianchain/status/888929340100145152

Is this a joke? With 800k of investment he is looking for a developer on twitter? No it's good I give up

Did an extension of the Team ever came in you little mind? they wrote as an answer on the post already that they extend the dev. team

[BITCOIN INFINITY]

Latest update from developers
https://twitter.com/arabianchain/status/888929340100145152

Is this a joke? With 800k of investment he is looking for a developer on twitter? No it's good I give up

Did an extension of the Team ever came in you little mind? they wrote as an answer on the post already that they extend the dev. team

Stop to say betises even a child of 12 years little develloper better than his.
Look at this website serious they are empty info https://www.arabianchain.org/index.php/en/
The wallet develops like shit.
You think that rich dubai want her for their images.
Do not speak for nothing thanks

Still a last pump and bye bye it invent another crypto

Livecoin came to pump this pieces before buying it on his exchange! He is the only one who has the monopoly on this currency. All arriving are pigeons !!


I am on several crypto this projects is the worst I have known.

I do not like scams and lies.

I will not remain in my corner to say nothing.

If the project would advance I would be the first to highlight it but it is catastrophic

[petreajs]

1DBIX = $0.9 soon 

[BITCOIN INFINITY]

1DBIX = $0.9 soon 

Invested it will make 1 more pigeon 

[cerad]

Latest update from developers
https://twitter.com/arabianchain/status/888929340100145152

Is this a joke? With 800k of investment he is looking for a developer on twitter? No it's good I give up

I don't see any problem with this ....If Elon Musk can search for Developers on Twitter ....why they can't?
https://twitter.com/elonmusk/status/667517215390863360?lang=en