[ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013

[baritus]

Please make sure to update if you haven't already. Also, there are a lot of interesting things happening at http://digitalcoin.co/forums

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[disclaimer201]

Bought tens of thousands of digitalcoins as well, and sold a couple thousand ltc. Diff adjustment getting closer.

Edit: This just in! Shorting digitalcoin when you see it gets mined on multipool, and then buying into the autosell or buying back cheaper is a great way to make a profit. If more people do this, perhaps multipool profits might shrink and people will think twice which coins to autosell?

[Pmalek]

DGC again taking some serious beating today record low. All because of that 200k sell wall @ 0.0001398 . Someone is loading up before november maybe?

[ivanlabrie]

Bought tens of thousands of digitalcoins as well, and sold a couple thousand ltc. Diff adjustment getting closer.

Edit: This just in! Shorting digitalcoin when you see it gets mined on multipool, and then buying into the autosell or buying back cheaper is a great way to make a profit. If more people do this, perhaps multipool profits might shrink and people will think twice which coins to autosell?

Sounds like my kind of fun

[Lethn]

I thought I'd just drop in and say I don't know what you did but in the most recent update my wallet synced up normally and I haven't had problems since, well done.

[baritus]

I thought I'd just drop in and say I don't know what you did but in the most recent update my wallet synced up normally and I haven't had problems since, well done.

There should be no bugs in the current version.  


Please vote: http://digitalcoin.co/forums/index.php/topic,170

[SimonTower]

The reason of this price not a high generation of coins. In the beginning the difficulty was stable, so we made 4 retarget cycle a day. It's only about 2 cycle now because too much time in "low tide". So the generation is half too.

In my opinion the largest problem is the pools. We need more and bigger pools(not a multipool). When the epools was closed, hashrate dropped day by day, and price followed.( epools closed 21st aug. )

Sorry for my English.

[disclaimer201]

We don't need new pools but more miners, which as of right now feel a bit cheated due to the multipools raising the diff too high.
I'm still mining at http://dgc.scryptmining.com/ and am very happy with it. Now would be the time to support dgc hashrate.
Looking forward to block 476,280.

[baritus]

The reason of this price not a high generation of coins. In the beginning the difficulty was stable, so we made 4 retarget cycle a day. It's only about 2 cycle now because too much time in "low tide". So the generation is half too.

In my opinion the largest problem is the pools. We need more and bigger pools(not a multipool). When the epools was closed, hashrate dropped day by day, and price followed.( epools closed 21st aug. )

Sorry for my English.

The current inflation rate is not sustainable, regardless of difficulty changes. At 80,000 coins a day, that's 360 BTC added monthly at a rate of only 0.00015 DGC/BTC. It would be about 720 BTC to sustain 0.00030 DGC/BTC. Well, it would be added if it was mined by holders, but the mining landscape is now all about profit taking. A large portion of that money is being sucked out of the DGC economy. For that reason, an inflation rate of 25% the market cap is not going to work, regardless of whatever the difficulty.

So sustainability before all other considerations. Is the current inflation/sell rate sustainable? No. Will a change harm miners? No. Their DGC profits are regularly dropping before their eyes right now and the current value is half what it was not long ago. If no action is taken, DGC will no longer be viable for them(as is the case for most already) and the trend needs to be reversed in one way or another.

Both the value and the generation rate determine mining profitability. If value is dropping rapidly, it is no different to miners than if the generation rate is dropping rapidly. If the drop can be stopped and value begins to rise, a trend reversal takes place and investors as well as miners improve their future outlook.

[r32godzilla]

Nice work Baritus on the latest upcoming V1 update for DGC. Can't wait to see these in action.

Get all the details here folks!

http://digitalcoin.co/forums/index.php/topic,178.0.html

[jdebunt]

Some more future plans for Digitalcoin are being discussed here :

Part 1

Part 2

[r32godzilla]

Hey all,

We are in the process of updating the node list for DGC. Currently we have the list below. If anyone has anymore working nodes can you please let us know here or at

http://digitalcoin.co/forums/index.php/topic,115.0.html

Cheers.

--Current list--

DGC
                       
addnode=80.229.2.127
addnode=24.138.46.123                           
addnode=76.79.201.54 
addnode=198.245.60.126
addnode=93.186.200.124
addnode=107.20.222.119
addnode=24.138.46.123
addnode=46.163.105.201
addnode=50.116.22.43
addnode=175.156.214.215
addnode=174.50.248.26
addnode=175.156.211.216
addnode=71.187.252.146
addnode=71.77.233.192
addnode=78.21.229.230
addnode=124.169.205.168
addnode=50.137.233.14
addnode=124.184.252.156
addnode=101.98.152.38
addnode=37.59.68.144
addnode=69.156.168.41
addnode=115.132.91.41
addnode=crypto-expert.com

[Bitcoin.Greece]

I think that today we may have block 476,280
I am very angry with this F@$%@#$  multipools raising the diff too high and run.

[disclaimer201]

People at Btc-e are still laughing about digitalcoin. Let's see who's going to be laughing after all. I still think DGC will kick it off. Let them have fun with PPC for a while. They are already cut off from what's
going on in the alt market with the coins they have selected. Let's see: NVC= Russian Millionaire's Scam, FTC=  51% Attacker's dream , TRC= Sha's 51% Coin, NMC= merge mined .bit domains noone can find on google,  LTC= losing its grip lately. Lol.

[Bitcoin.Greece]

Do you think that dgc has some kind of 51% proof ?
I ask that because I am a DGC holder! (and miner)

[disclaimer201]

It isn't 51% proof, of course. But there have been some suggestions on how to make it more resistant earlier in this thread. Right now DGC isn't interesting enough for anyone to attack it, so dealing with it is probably not the most urgent priority. As DGC becomes more financially interesting, which I think it will - a higher hashrate will be its best protection. This is another reason I wouldn't alienate the multipools, even if they only occasionally add to its hashrate. Right now the multipools are causing more harm then good though, so I trust in dev's updates to tackle most of the current issues.

[Bitcoin.Greece]

we are minutes away from 476,280 .... Let's see the outcome ...price already goes up on cryptsy !

[jdebunt]

i'm hashing away with my mere 1 7970 but i like the rise in price

[disclaimer201]

Diff at 0.981 and multipool is already mining it right now.  So diff will go up and stay up, I assume?

[everybodyclapyohands]

The correct difficulty is 1.96247829.  Any pool showing 0.98 did not update their DGC daemon. Pool operators please update your code with the correct source from the new repo: https://github.com/baritus/digitalcoin.  You can not just do a 'git pull' since the repo name changed.