CoinEraser
Legendary
Offline
Activity: 1988
Merit: 1768
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May 21, 2013, 02:28:12 AM |
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Who has too many dgc and would like to donate me some??? D6EvPQaJH4KX22gaTwUuXjaZompZwaxnTS Thanks in advance!
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centenary
Newbie
Offline
Activity: 28
Merit: 0
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May 21, 2013, 02:29:05 AM |
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Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining. 2. Some difficulty 0 and had a lot of hardware ready with their insiders 3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed 4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it. 2. Number 1 again. 3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate 4. It is more profitable to stay with digitalcoin due to the nature of the reward system
DigitalCoin won't succeed for a different reason. The chosen block time is actually too short. I write about why that's a bad thing here: https://bitcointalk.org/index.php?topic=211535.0I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency. What exactly did the developer do to prevent these issues? Note that the issues I present only become apparent once the distributed network becomes large enough. Low orphan rates now doesn't necessarily prove anything, it likely just means that the network hasn't grown large enough for these problems to become apparent yet.
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BitJohn
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May 21, 2013, 02:30:38 AM |
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at what rate should these low time coins run into this wall? Best guess?
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baritus (OP)
Legendary
Offline
Activity: 966
Merit: 1052
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May 21, 2013, 02:34:08 AM |
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Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining. 2. Some difficulty 0 and had a lot of hardware ready with their insiders 3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed 4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it. 2. Number 1 again. 3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate 4. It is more profitable to stay with digitalcoin due to the nature of the reward system
DigitalCoin won't succeed for a different reason. The chosen block time is actually too short. I write about why that's a bad thing here: https://bitcointalk.org/index.php?topic=211535.0I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency. What exactly did the developer do to prevent these issues? Note that the issues I present only become apparent once the distributed network becomes large enough. Low orphan rates now doesn't necessarily prove anything, it likely just means that the network hasn't grown large enough for these problems to become apparent yet. We are still in beta and working on documentation. You can check the source and see the changes yourself.
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Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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fenican
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May 21, 2013, 02:45:11 AM |
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Who has too many dgc and would like to donate me some??? D6EvPQaJH4KX22gaTwUuXjaZompZwaxnTS Thanks in advance! 10 DGC sent. Enjoy
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schnebi
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May 21, 2013, 02:49:20 AM |
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Realy interesting to see: As the profitability of Worldcoin goes up on coinchoose, The Hashrate of my DigitalCoin pool is going down :-D
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anderl
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May 21, 2013, 02:51:15 AM |
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Realy interesting to see: As the profitability of Worldcoin goes up on coinchoose, The Hashrate of my DigitalCoin pool is going down :-D
miners flow like water
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baritus (OP)
Legendary
Offline
Activity: 966
Merit: 1052
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May 21, 2013, 02:52:07 AM |
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Maybe your miners are fickle? The network overall is gaining steadily. "networkhashps" : 287157637
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Digitalcoin - Sha256, Scrypt, x11 Mining - Multi-algorithm & One Click Masternodes - Founded in 2013
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fenican
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May 21, 2013, 02:52:52 AM |
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I believe DGC is actually more profitable at current difficulty and block reward. That said, it isn't on coinchoose yet so we're not getting much attention. This is a good thing !
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anderl
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May 21, 2013, 02:53:34 AM |
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Maybe your miners are fickle? The network overall is gaining steadily. "networkhashps" : 287157637 its because wdc lost a lot of profitability recently.
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ryanb
Legendary
Offline
Activity: 1148
Merit: 1000
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May 21, 2013, 02:59:03 AM |
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i am accepting donations please DD3wVa2UYWQm818RDnUkYsCD4fTRpMTXJf
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ZeRo103
Full Member
Offline
Activity: 154
Merit: 100
Hack The Planet
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May 21, 2013, 03:03:11 AM |
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I mine @ digi.CryptCoins.net but is slow to update ... i'll keep you posted.
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BitJohn
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May 21, 2013, 03:04:17 AM |
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I believe DGC is actually more profitable at current difficulty and block reward. That said, it isn't on coinchoose yet so we're not getting much attention. This is a good thing !
shhhh lets keep it that way
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Hydroponica
Full Member
Offline
Activity: 182
Merit: 100
fml
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May 21, 2013, 03:06:20 AM |
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Realy interesting to see: As the profitability of Worldcoin goes up on coinchoose, The Hashrate of my DigitalCoin pool is going down :-D
Sad part is, Profitability is only rising, because Cryptsy is throwing Choosecoin out of whack.
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anderl
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May 21, 2013, 03:07:25 AM |
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I believe DGC is actually more profitable at current difficulty and block reward. That said, it isn't on coinchoose yet so we're not getting much attention. This is a good thing !
shhhh lets keep it that way 21:06:43  203,200,894 23:07:21  301,475,301 not sure if its under the radar anymore.
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techbytes
Legendary
Offline
Activity: 1694
Merit: 1054
Point. Click. Blockchain
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May 21, 2013, 03:08:32 AM |
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I believe DGC is actually more profitable at current difficulty and block reward. That said, it isn't on coinchoose yet so we're not getting much attention. This is a good thing !
shhhh lets keep it that way +1
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jaywaka2713
Sr. Member
Offline
Activity: 266
Merit: 250
aka 7Strykes
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May 21, 2013, 03:10:58 AM |
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Just so people know, the cgminer default flags expressed in the OP will not give you your full hashpower. You need to use the --thread-concurrency flag. I did --thread-concurrency 1536 and my hashrate went from 12 kh/s to 154 kh/s. I have an ATI Mobility Radeon HD 5870.
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ryanb
Legendary
Offline
Activity: 1148
Merit: 1000
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May 21, 2013, 03:14:40 AM |
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how many coins do i generate on 10mhash?
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centenary
Newbie
Offline
Activity: 28
Merit: 0
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May 21, 2013, 03:21:12 AM |
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Some of the reasons those coins didn't succeed:
1. Some pre-mine or "test" mining. 2. Some difficulty 0 and had a lot of hardware ready with their insiders 3. Some difficulty 0 and get over-mined since the very beginning before nodes are well distributed 4. Some only got mined at the beginning when it was easy and then they stopped
Why is digitalcoin different?
1. No pre-mine or any semblance of it. 2. Number 1 again. 3. digitalcoin had very low rewards at the beginning so coins didn't begin to be distributed in quantity until many people could participate 4. It is more profitable to stay with digitalcoin due to the nature of the reward system
DigitalCoin won't succeed for a different reason. The chosen block time is actually too short. I write about why that's a bad thing here: https://bitcointalk.org/index.php?topic=211535.0I read that. Good thoughts. One of the developers who took part in this project did take care of that for us. Check the pool rates for the orphan rates and efficiency. What exactly did the developer do to prevent these issues? Note that the issues I present only become apparent once the distributed network becomes large enough. Low orphan rates now doesn't necessarily prove anything, it likely just means that the network hasn't grown large enough for these problems to become apparent yet. We are still in beta and working on documentation. You can check the source and see the changes yourself. The only relevant thing that I see in the source diffs is that MAX_OUTBOUND_CONNECTIONS was increased from 8 to 16. Is that the change made to avoid these issues? If so, can you articulate why you believe that is sufficient?
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