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

[malona82]

I wish coinchoose would fix the profitability. Ppl are switching because thry think its 250 more profitable and it could end up killing the coin near term just like all the rest when difficulty goes go 50% profitable

[computerparts]

Awareness of this coin still seems low - is there a good post for why DGC is better than WDC that I can refer others too?

It does not exist. DGC is merely a clone of WDC. The only differences are the block reward and the block time.

DGC had a much cleaner release with gradually escalating rewards.  WDC was a surprise release (couple hours of notice) with full reward starting at block 1

Just goes to show how much you know about WDC. It was announced 4 days prior to release. And to top that off, DGC was announced on the same day that WDC launched. I don't know if this was just coincidence or planned but it's water under the bridge now. ALL of the successful coins have had a full reward at the first block.

[fenican]

Awareness of this coin still seems low - is there a good post for why DGC is better than WDC that I can refer others too?

It does not exist. DGC is merely a clone of WDC. The only differences are the block reward and the block time.

DGC had a much cleaner release with gradually escalating rewards.  WDC was a surprise release (couple hours of notice) with full reward starting at block 1

Just goes to show how much you know about WDC. It was announced 4 days prior to release. ALL of the successful coins have had a full reward at the first block.

It was announced well prior to release but the release window, 4 hours, was way too wide

[gabrielknight]

http://digitalcoin.scryptmining.com:

Manual cash-out is temporarily disabled. ><

[jaywaka2713]

I rallied for multipool.in to add DGC. They did. Add them to the pool list. PPLNS

[MobGod]

Did vern open registering again a lot of hash there need to move it around correct?

[CartmanSPC]

what is the best p2pool right now paying instantly? like to try mining digitalcoin

All p2pools should pay out instantly. Try to find one close to you with good efficiency %.

Bringing up another p2pool on the East Coast of America.

This one is on the West Coast: dgc.xpool.net:8810

actually there's almost no point in being close to the pool. i have reports from west coast USA miners to get accurate payouts from my pool which is located in europe. any ping less than 300ms is okay with stratum.

He was asking about p2pools. From what I have read it is better to find the lowest latency to your p2pool.

Here is one of the sources where I got this from:
https://bitcointalk.org/index.php?topic=153232.0;all

Excerpts:

Reasons to use P2Pool as your mining pool

• You are in charge.
• No single point of failure in the pool
• There are small statistical advantages increasing income vs traditional pools

P2pool's advantages for miners looking for better incomes

Fees are optional and transactions are paid to miners. On average, if your miners have latencies comparable to the other miners on P2Pool, you should have more income on P2Pool than on any other pool. In fact you should expect as much (or more, see point below) income as you would have solo mining with reduced variance thanks to other P2Pool miners contributing their own hashrate.

P2Pool blocks are quickly broadcasted to the Bitcoin network through all the bitcoind nodes used by the whole P2Pool network. If another pool finds a block at the same time than P2Pool, it probably is at a disadvantage: that's more income for P2Pool on average.

What matters for good P2Pool results: low latencies

On average a miner on a classic pool needs to react to a new coinbase every 10 minutes. Every 10 minutes a miner on any pool can submit a share based on a block that isn't the last one anymore. This is wasted effort: it doesn't help generate the next block in the chain and the pool suffers from this. Most pools reject such work and ignore it when they compute miners' rewards.

Miners are often separated from their pools by long-distance networks with tens or hundreds of milliseconds of latency. This means that every 10 minutes a miner on a normal pool is wasting its efforts for at least tens or hundreds of milliseconds. This is why there are rejects even on properly tuned classic setups: for 10ms of latency between miner and pool on average you should expect 0.01/(60*10) = 0.0016%:

Latency	Expected rejects
10ms	0.0016%
100ms	0.016%
1s	0.16%

Conclusion: on a traditional pool, relatively high latencies aren't such a big deal.

On P2Pool, the tracking of the proof of work is implemented by a sharechain which mirrors several properties of the Bitcoin blockchain:

• A share is a proof of work with a given difficulty
• A share uses the previous share in its input to make a sharechain like blocks do to build the blockchain
• It builds on a block template given by a Bitcoin node: a share hitting the Bitcoin difficulty can become a block too
• It's difficulty is dynamically adjusted to maintain a fixed average rate of share generation (one every 10 seconds)

The last point means that having a low latency is important for a P2Pool miner. Pay attention to the fact that a share being submitted too late to enter the sharechain can still produce a block so it's not wasted work (high reject rates are not a problem for global income on P2Pool unlike rejects on traditional pools). This said as the rejected share isn't in the sharechain it won't count as a proof of work for the purpose of distributing the pool's income.

Ok, I'll stop short of quoting the whole thing now

[ZeRo103]

Awareness of this coin still seems low - is there a good post for why DGC is better than WDC that I can refer others too?

It does not exist. DGC is merely a clone of WDC. The only differences are the block reward and the block time.

DGC had a much cleaner release with gradually escalating rewards.  WDC was a surprise release (couple hours of notice) with full reward starting at block 1

Just goes to show how much you know about WDC. It was announced 4 days prior to release. And to top that off, DGC was announced on the same day that WDC launched. I don't know if this was just coincidence or planned but it's water under the bridge now. ALL of the successful coins have had a full reward at the first block.

hey computerparts don't be hatin cuz your coin is garbage ok ... nobody cares .. and it's a 6 day release difference between wdc and dgc ... our dev team made a lot of difference ... we started 1 week after WDC and in 1 week we had forum and market so go sing at another table

[techbytes]

Awareness of this coin still seems low - is there a good post for why DGC is better than WDC that I can refer others too?

It does not exist. DGC is merely a clone of WDC. The only differences are the block reward and the block time.

DGC had a much cleaner release with gradually escalating rewards.  WDC was a surprise release (couple hours of notice) with full reward starting at block 1

Just goes to show how much you know about WDC. It was announced 4 days prior to release. And to top that off, DGC was announced on the same day that WDC launched. I don't know if this was just coincidence or planned but it's water under the bridge now. ALL of the successful coins have had a full reward at the first block.

hey computerparts don't be hatin cuz your coin is garbage ok ... nobody cares .. and it's a 6 day release difference between wdc and dgc ... our dev team made a lot of difference ... we started 1 week after WDC and in 1 week we had forum and market so go sing at another table

I wouldn't call it garbage.  I like the name because we live in a digital world now...   

WDC just need to develop some services.  Maybe they need to recruit Baritus...


-tb-

[jaywaka2713]

DGC up to 0.0006 BTC on cryptsy! Keep its value going!

[baritus]

Tomorrow will be an exciting day!

[jaywaka2713]

Tomorrow will be an exciting day!

Can't wait to see what comes out.

[moody123]

My heads going to explode tomorrow, cause today was almost too much to handle!

[r32godzilla]

Hey Baritus any plans for dgcmarket.com to have SSL encryption? Probably a good idea. Cheers. Keep up the good work! Dgc has been going great!

[RandyMagnum]

Mr. Hustle award goes to Baritus.  Way to put in the time a project like this needs to float to the top of a release month such as the one we just had.

[r32godzilla]

Mr. Hustle award goes to Baritus.  Way to put in the time a project like this needs to float to the top of a release month such as the one we just had.

Yeah he must be busier than a 1 legged man in a butt kicking comp!  

[ethought]

Donated so far to DGC Dev team: 480 DGC

From http://www.dgcpool.com

Join the pool so that the DGC Team of this great coin get more donations! 100% of the income from the pool goes to the DGC foundation.

The more we donate now the more our coins will be worth in the long run!

[Decagrog]

DGC up to 0.0006 BTC on cryptsy! Keep its value going!

There is a way to know the bid and ask volume on criptsy?

[Sondey10mg]

New P2Pool node!

This one is on the East coast of America:

Stratum
stratum+tcp://23.23.115.26:8810

Getwork
http://23.23.115.26:8810/

Stats:
http://23.23.115.26:8810/

Testing combined hashing power between p2pools!
The entire hashing power between connected pools(nodes) will work as one giant pool.

Thinking about bring up an EU node to add to the combined pool.

Please provide feedback

Very cool... switch to the East Coast node and it maintained my PPLNS rate! Both Nodes are showing payouts for every miner. Heh, heh...liking it so far.

Please connect to one of the nodes to test it out...thanks!

Nice work!

[fenican]

Another 25 DGC have been sent to the development foundation.  Thanks for the great work !