★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit

[mintzone]

Security is a very important thing with all valuables...
Companies should not be trusted with anyones coins! Paper wallets are probably the safest bet, with local wallets being the next best.

It's not really something that is special to DGB though, the danger is with every valuable.

[1715185706]

1715185706

[ycagel]

Thank you so much! I will read this post a few times to make sure the maximum level of protection is there. Good details. I typically do not keep any DGB on an exchange ever. Heard too many horror stories with that!

Another question:

When creating multiple addresses, can you take coins from one address and send it to another within your global wallet?

Thanks,
YC

TheFrog,
 This needs to be stickied! A few silly questions:

1.USB backup I get. What is a SD card? Since they are physical storage devices, what do you mean store them in different locations?
SD card - the one you use in your phone/camera - MicroSD, SD. The point was more like to have at least 2 copies on 2 different digital medias. You could even burn the wallet.dat on a DVD every time you make a backup. Or 2 DVDs, different brands.

You can also create so called 'Paper wallets', using a generator that will create new, not ever seen, public / private address pay.
Please do NOT use any paper wallet generator you find online for DGB, as I tried  and ended up with private keys that could not be imported !
Someone should look into creating a new, working paper wallet generator for DGB, that works.
I tried this one https://github.com/patricklodder/dgbaddress.org

Different locations - physical locations. Like have one copy at home, in your vault, the other copy at your work place, third copy at your parents in law house and so on. Postage is cheap, so send one copy to your best buddy across the country.
So if you loose one copy, you still got the other ones.

2.At what point do you create new addresses?
After installation, a default address is created for you. So this is the first address you get in your wallet.
You can create as may addresses as you want, for example one for payouts from exchanges, the other one for payouts from your friends and so on.

How does that affect encryption?
Encryption is set on the whole wallet, so once you set Encrypt Wallet and set the pass phrase, all the coins in the wallet are encrypted.
Meaning - if you want to spend some coins, you will have to unlock the wallet with your pass phrase.

In other words, if you create a new address, does your old passphrase work and will you still be able to send and receive coins normally?
Wallet does not have to be unlocked to receive funds.
It's just the sending you have to authorize using your passphrase.

What about if you did a wallet import on a new DGB wallet upgrade?
This can be done either by importing the wallet.dat file (in case, it is encrypted, you will be asked for the passphrase for that wallet, which you are trying to import), or it can be done by importing the privkey for each address in your old wallet.

Go to console of your wallet and type 'help', will give you all the commands that can be used.

3.How do you dump the private key? Where do you do that function?
Console -
digibyted listaccounts    
digibyted getaddressesbyaccount <account you got from above>
digibyted dumpprivkey <address you got from above>

do this for every account and accounts' address.

4.Do you have a VM for each address? How do you secure those?
No, VM is a virtual machine, which you create for example by using free virtualbox software.
You set you an isolated virtual machine, with OS you like (windows, linux..), install the wallet software and you solely that virtual machine to use your wallet. Not doing anything in the virtual machine, just use the wallet, as you normally would.
Benefit is that you isolate physically your day to day computer from your 'special' computer that has the wallet software installed.

Thanks in advance! Awesome contributions!

YC

First rule, set a really really good pass phrase.
Make a digital backup, USB and SD card, store them in different locations. DO THIS WHENEVER YOU ADD NEW ADDRESS TO YOUR WALLET.
Second rule, 'dumpprivkey' - dump your private key to any address you have. Print 4 copies of it, put it in a sealed envelope and have friends family bank vault keep each.
DO THIS WHENEVER YOU ADD NEW ADDRESS TO YOUR WALLET.

If you have couple of hours to sped, for gods' sake set up a VM on your machine and install separate machine ONLY FOR YOUR WALLET, and use only this virtual machine whenever you need to send coins. Don't use it for chat, internet, facebook, -- fill whatever 'mainstream' software you use on your day to day computer.

You don't have to keep your wallet online to receive coins. It's just when you want to spend them, the wallet has to be synchronized with the network.

TheFrog,
 Couldn't agree more. We all need to do a bit more investigating on how to secure coins more important even on a wallet? Does anyone know anything about this? I know there was a conversation about paper wallets, cold storage, etc.

YC

More and more stories like this. Important we take it nice and easy on providing the most secure for DGB in its current and future state:

http://www.coindesk.com/bter-nxt-bitcoin-exchange-hack/

YC

I agree.  And for the record...  DEFINITELY not in favour of a rollback!!  Seriously? I didn't know this was possible. Oops...  something has happened with our coin that we don't like ....  lets just roll the blockchain back a few hours to fix it. Er...  NO! That makes me seriously nervous! Theft sucks...  but lets make it secure then... not just say oh well, roll back time!

This can happen to any coin. If people are dumb and keep al the coins in exchanges.
It's like asking for something like this to happen.
Don't be lazy, download the wallet, set reasonable passphase on it, and be safe.

[marada]

Why does DGB blockchain slow down so badly?
Again last block generated 2 hours ago...

What is the reason?

[ycagel]

Marada,
 I am speculating, but I think there is another fix coming out soon to solve any pending issues! Jared, correct me if I am wrong!

YC

Why does DGB blockchain slow down so badly?
Again last block generated 2 hours ago...

What is the reason?

[marada]

Marada,
 I am speculating, but I think there is another fix coming out soon to solve any pending issues! Jared, correct me if I am wrong!

YC

I know there is a fix coming.
Asking out of curiosity...
Is someone using an exploit to slow down the blockchain?

[djnocide]

Any good places to mine right now?

[The_Cashier]

Any good places to mine right now?

Most of the servers to mine are down due to wallet 3.0 issues, Devs are working on it.

[marada]

How to mine solo?
How to choose the algo in the conf file?

I have added to the conf file

Code:

algo=groestl

but sgminer doesn't connect with host 127.0.0.1:14022

EDIT:
Well, I've got the newest v3.0.1.0-235f9e5-dirty-MultiAlgo
but I see even wallet mining doesn't work...
Maybe things are being fixed yet.

[24hralttrade]

How to mine solo?
How to choose the algo in the conf file?

I have added to the conf file

Code:

algo=groestl

but sgminer doesn't connect with host 127.0.0.1:14022

EDIT:
Well, I've got the newest v3.0.1.0-235f9e5-dirty-MultiAlgo
but I see even wallet mining doesn't work...
Maybe things are being fixed yet.

Multi algo is not running yet!

Jared & his team are working hard on the update, some things had to be fixed and tested before the official release.
multi algo will work @ block 145000  (corrert me if im wrong).

Have a nice day and we love to see you back when everything works!

[sammy007]

Why people are selling their DGB ? It does not make sense at all. Hold on your coins people !!

It's mine and dump style. They are safe and in a small +.

[DigiByte]

Post with download links moved to most current page here: https://bitcointalk.org/index.php?topic=408268.msg8458035#msg8458035

[sammy007]

Introducing DigiByte v3.0.1 MultiAlgo

Mandatory Update before block 145,000

Awesome. What is starting difficulty at these algos?

[,./,./]

you are the best dev of the world!

is there a mac os x wallet available?

[RJF]

I would like to try some SHA256 hash first, what pools are ready for this?

[DigiByte]

Introducing DigiByte v3.0.1 MultiAlgo

Mandatory Update before block 145,000

Awesome. What is starting difficulty at these algos?

Starting difficulty is:

"difficulty_sha256d" : 0.00024414,
"difficulty_scrypt" : whatever scrypt diff is at switch over
"difficulty_groestl" : 0.00024414,
"difficulty_skein" : 0.00024414,
"difficulty_qubit" : 0.00024414,

Since we have a modified DigiShield the algo diffs will catch up rapidly to prevent an instamine (like what we saw at launch back in Jan.) Each algo will have its own difficulty.

you are the best dev of the world!

is there a mac os x wallet available?

We are working on it as we speak.

I would like to try some SHA256 hash first, what pools are ready for this?

No pools are available yet, we just wanted a few more people to test the wallet before we pushed it out to the underlying infrastructure (pools, exchanges, block explorers). Only scrypt mining is available until the switchover at block 145,000. About 1-2 weeks depending on chain speed.

[sammy007]

Starting difficulty is:

"difficulty_sha256d" : 0.00024414,
"difficulty_scrypt" : whatever scrypt diff is at switch over
"difficulty_groestl" : 0.00024414,
"difficulty_skein" : 0.00024414,
"difficulty_qubit" : 0.00024414,

Sorry, but WTF you are doing? There will be such instamine.

[Coin_Promo_Group]

I have to agree, diff should be higher.

[DigiByte]

Starting difficulty is:

"difficulty_sha256d" : 0.00024414,
"difficulty_scrypt" : whatever scrypt diff is at switch over
"difficulty_groestl" : 0.00024414,
"difficulty_skein" : 0.00024414,
"difficulty_qubit" : 0.00024414,

Sorry, but WTF you are doing? There will be such instamine.

There may be a few extra blocks, but no where near what there has been in the past with coin launches. The difficulty will adapt very, very quickly. Within a few minutes it will catch up. Think of it as an incentive to mine at the start of multi-algo. We have tested this on tesnet, it will be nothing like what people have seen in the past. DigiShield will jack up the difficulty very quickly, but this time it will average itself out over the previous 10 blocks. Plus a few other adjustments for better performance (no more stuck chain.)

We thought about changing the starting diff to something much higher, but then the problem is if we artificially raise the initial floor for the difficulty  it will not be able to go lower if needed. This can cause other problems. Since each algo is weighted differently, there is no reliable # to set things to.

We really have no idea what the "right" difficulty should be as there is no reliable way of figuring out what it should be. It is much better to let it find its natural equilibrium.

Once again, there will be a few minutes of bonus blocks for initial miners, but their is no reliable way to avoid this. Think of it as make up for the last few months of mining. We are way behind where we should be as far as coin production. This does not fit in well with our next step in progressing toward a micro payment currency (more of this will be released in the coming weeks.)

If anyone has any other suggestions before we make this the official update release, we have a few hours to make an adjustment. But at this point we do not see any better options?

[,./,./]

Starting difficulty is:

"difficulty_sha256d" : 0.00024414,
"difficulty_scrypt" : whatever scrypt diff is at switch over
"difficulty_groestl" : 0.00024414,
"difficulty_skein" : 0.00024414,
"difficulty_qubit" : 0.00024414,

Sorry, but WTF you are doing? There will be such instamine.

There may be a few extra blocks, but no where near what there has been in the past with coin launches. The difficulty will adapt very, very quickly. Within a few minutes it will catch up. Think of it as an incentive to mine at the start of multi-algo. We have tested this on tesnet, it will be nothing like what people have seen in the past. DigiShield will jack up the difficulty very quickly, but this time it will average itself out over the previous 10 blocks. Plus a few other adjustments for better performance (no more stuck chain.)

We thought about changing the starting diff to something much higher, but then the problem is if we artificially raise the initial floor for the difficulty  it will not be able to go lower if needed. This can cause other problems. Since each algo is weighted differently, there is no reliable # to set things to.

We really have no idea what the "right" difficulty should be as there is no reliable way of figuring out what it should be. It is much better to let it find its natural equilibrium.

Once again, there will be a few minutes of bonus blocks for initial miners, but their is no reliable way to avoid this. Think of it as make up for the last few months of mining. We are way behind where we should be as far as coin production. This does not fit in well with our next step in progressing toward a micro payment currency (more of this will be released in the coming weeks.)

If anyone has any other suggestions before we make this the official update release, we have a few hours to make an adjustment. But at this point we do not see any better options?

is it not a better Idea to set the difficulty to high than to low?


It's only a suggestion

[sammy007]

If anyone has any other suggestions before we make this the official update release, we have a few hours to make an adjustment. But at this point we do not see any better options?

You can adjust diff using profitability. But if you are sure that there will be no instamine, I don't care. If I right understand, no one can mine 300 blocks with some shitty SHA ASIC in a 5 minutes, right?