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

[racer2012]

  10 million mined per day will most miner will dump

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[ycagel]

How are you coming up with the 10M mined everyday?

YC

will the value stay the same at 35 sat or can we expect 1000k sat or more sometime soon after 145000 block

well, 10 M digibytes will be mined everyday, 100 satoshi = 10 BTC / day

1000k satoshi  = 100,000 BTC/day.  

[appbox]

How are you coming up with the 10M mined everyday?

YC

will the value stay the same at 35 sat or can we expect 1000k sat or more sometime soon after 145000 block

well, 10 M digibytes will be mined everyday, 100 satoshi = 10 BTC / day

1000k satoshi  = 100,000 BTC/day.  

block time: 60s
block reward: 7685

24 hours:  1440 * 7685 = 11,066,400 digibytes

[ycagel]

Is the block reward up now due to production being down? I thought the block reward was closer to 4-5K.

YC

How are you coming up with the 10M mined everyday?

YC

will the value stay the same at 35 sat or can we expect 1000k sat or more sometime soon after 145000 block

well, 10 M digibytes will be mined everyday, 100 satoshi = 10 BTC / day

1000k satoshi  = 100,000 BTC/day.  

block time: 60s
block reward: 7685

24 hours:  1440 * 7685 = 11,066,400 digibytes

[bogglor]

Is the block reward up now due to production being down? I thought the block reward was closer to 4-5K.

The current block reward is normal, it hasn't changed due to the mining push the past few days.

This is from the main page: 30 Second Blocks (2.5 Min per Algo) | 8,000 DGB Reward, Reduces 0.5% Every 10,080 blocks

Every 10080 blocks is about every 3.5 days

If we hit 145000 today (Sept 1), and everything works as expected, here's approximately how the block rewards should change for the next few months, and every 6 months...

Not sure if the reward will stay 7686 at 145000 or reset to 8000, so here's both estimates:
7686.00000000   09/01/14      8000.00000000   09/01/14
7647.57000000   09/04/14      7960.00000000   09/04/14
7609.33215000   09/08/14      7920.20000000   09/08/14
7571.28548925   09/11/14      7880.59900000   09/11/14
7533.42906180   09/15/14      7841.19600500   09/15/14
7495.76191649   09/18/14      7801.99002498   09/18/14
7458.28310691   09/22/14      7762.98007485   09/22/14
7420.99169138   09/25/14      7724.16517448   09/25/14
7383.88673292   09/29/14      7685.54434860   09/29/14
7346.96729926   10/02/14      7647.11662686   10/02/14
7310.23246276   10/06/14      7608.88104373   10/06/14
7273.68130045   10/09/14      7570.83663851   10/09/14
7237.31289394   10/13/14      7532.98245532   10/13/14
7201.12632947   10/16/14      7495.31754304   10/16/14
7165.12069783   10/20/14      7457.84095532   10/20/14
7129.29509434   10/23/14      7420.55175055   10/23/14
7093.64861887   10/27/14      7383.44899179   10/27/14
7058.18037577   10/30/14      7346.53174683   10/30/14
7022.88947389   11/03/14      7309.79908810   11/03/14
6987.77502652   11/06/14      7273.25009266   11/06/14
6952.83615139   11/10/14      7236.88384220   11/10/14
6918.07197063   11/13/14      7200.69942299   11/13/14
6883.48161078   11/17/14      7164.69592587   11/17/14
6849.06420273   11/20/14      7128.87244624   11/20/14
6814.81888171   11/24/14      7093.22808401   11/24/14
6780.74478730   11/27/14      7057.76194359   11/27/14
...
6449.23505931   01/01/15      6712.70888296   01/01/15
...
4969.45091186   07/02/15      5172.47037404   07/02/15
...
3810.05885622   01/04/16      3965.71309521   01/04/16
...
2935.83661987   07/04/16      3055.77582084   07/04/16
...
2262.20564665   01/02/17      2354.62466474   01/02/17
...
1743.14004842   07/03/17      1814.35342016   07/03/17
...
1343.17462822   01/01/18      1398.04801272   01/01/18
...
1034.98171793   07/02/18      1077.26434341   07/02/18
...
793.51649314   01/03/19      825.93441909   01/03/19
...
614.51583160   07/01/19      639.62095405   07/01/19
...
471.14691905   01/02/20      490.39491964   01/02/20
...etc.

[rayaodi]

 coin is too much ...

 not enough buyer ..

 

[halinyo]

coin is too much ...

 not enough buyer ..

 

That is why I sold %60 of my stash and the price will definitely go down for sure. I will wait to buy lower! Or I will mine with a few other ways and make some cash Go dgb!

[MaxDZ8]

As for hashrate hardware data, you mean how different hardware acts while mining different algos & their configuration?

Yes, exactly.

If so then absolutely. We need to create a central location for people to record their hardware settings and performance results to help everyone out. Anyone have any ideas on the best way to do this? The Litecoin & Bitoin wikis & wikipedia articles were very helpful in the past to record this data.

I always found the wikis pretty rough. Google spreadsheet allows sorting per-column, greatly improving usefulness.
MYR switched to those a few days ago, have a look on their website (I'm not linking in respect of your work).

[HR]

How can we improve this list?

Why use DigiByte?

• 1st coin to fork to multi-algorithm mining (Most fair distribution).
• With 5 unique algos & independent difficulties a 51% attack is significantly mitigated and becomes much harder to carry out.
• 1st coin to develop & implement DigiShield (asymmetrical difficulty adjustment).
• 30 second blocks are better for merchants transactions.
• Professional & dedicated development team since launch on Jan. 10th 2014.
• Strategic long term road-map & vision alongside pending global corporate partnerships.
• 1:1000 ratio with Bitcoin, better for micro transactions.
• No more premine as it was given away to users & charity and used for initial development as stated from the beginning until outside funding was received.

 

I would suggest something along these lines:

Why DigiByte?

• Professional & dedicated development team since launch on Jan. 10th 2014.
• Strategic long term road-map & vision alongside pending global corporate partnerships.
• 1st coin to fork to multi-algorithm mining that respects and values all existing mining technologies.
• Significantly mitigated 51% attack vulnerability thanks to the 5 unique algos & independent difficulties.
• 1st coin to develop & implement DigiShield (asymmetrical difficulty adjustment).
• 30 second blocks make for much faster merchants transactions.
• 1:1000 ratio with Bitcoin is more intuitive and user friendly for micro transactions.
• Minor, insignificant premine that was given away to users & charity and used for initial development.

As YC mentioned, I also think transparency is to be highly valued, but I'm not sure about exactly how far current transparency goes, and, as a consequence, I'm not sure about how to state that other than with something very generic.

[Scyntech]

How can we improve this list?

Why use DigiByte?

• 1st coin to fork to multi-algorithm mining (Most fair distribution).
• With 5 unique algos & independent difficulties a 51% attack is significantly mitigated and becomes much harder to carry out.
• 1st coin to develop & implement DigiShield (asymmetrical difficulty adjustment).
• 30 second blocks are better for merchants transactions.
• Professional & dedicated development team since launch on Jan. 10th 2014.
• Strategic long term road-map & vision alongside pending global corporate partnerships.
• 1:1000 ratio with Bitcoin, better for micro transactions.
• No more premine as it was given away to users & charity and used for initial development as stated from the beginning until outside funding was received.

 

I would suggest something along these lines:

Why DigiByte?

• Professional & dedicated development team since launch on Jan. 10th 2014.
• Strategic long term road-map & vision alongside pending global corporate partnerships.
• 1st coin to fork to multi-algorithm mining that respects and values all existing mining technologies.
• Significantly mitigated 51% attack vulnerability thanks to the 5 unique algos & independent difficulties.
• 1st coin to develop & implement DigiShield (asymmetrical difficulty adjustment).
• 30 second blocks make for much faster merchants transactions.
• 1:1000 ratio with Bitcoin is more intuitive and user friendly for micro transactions.
• Minor, insignificant premine that was given away to users & charity and used for initial development.

As YC mentioned, I also think transparency is to be highly valued, but I'm not sure about exactly how far current transparency goes, and, as a consequence, I'm not sure about how to state that other than with something very generic.

What he said.

[tdcooper99]

I would suggest something along these lines:

Why DigiByte?

• Professional & dedicated development team since launch on Jan. January 10th 2014.

(I don't like abbreviations)

• Strategic long term road-map & vision alongside pending global corporate partnerships.
• 1st First coin to fork to multi-algorithm mining that respects and values all existing mining technologies.

(Ditto above, I prefer words rather than abbreviations, and maybe lose the "all"...)

• Significantly mitigated 51% attack vulnerability thanks to the 5 unique algos & independent difficulties.
• 1st First coin to develop & implement DigiShield (asymmetrical asymmetric difficulty adjustment).

(Grammar thing, adverb vs adjective )

• 30 second blocks make for much faster merchants transactions.
• 1:1000 ratio with Bitcoin is more intuitive and user friendly for micro transactions.
• Minor, insignificant Small initial premine that was given away to users & charity and used for initial development.

(Pre-mine is what it is, no need to call it minor or insignificant. The DEV's record of handling this pre-mine speaks for itself)
[/list]

As YC mentioned, I also think transparency is to be highly valued, but I'm not sure about exactly how far current transparency goes, and, as a consequence, I'm not sure about how to state that other than with something very generic.

Couple minor points...  I'm a bit pedantic about a few things as i do a lot of technical writing in my profession. See corrections above...  you may feel differently, but just my 2 cents.

EDIT: I forgot to say very good otherwise...  I'm just nit-picking...  but my main comment is well done, looks good 

[rayaodi]

1:1000 ratio with Bitcoin is more intuitive and user friendly for micro transactions.

。。。 

[HR]

I would suggest something along these lines:

Why DigiByte?

• Professional & dedicated development team since launch on Jan. January 10th 2014.

(I don't like abbreviations)

• Strategic long term road-map & vision alongside pending global corporate partnerships.
• 1st First coin to fork to multi-algorithm mining that respects and values all existing mining technologies.

(Ditto above, I prefer words rather than abbreviations, and maybe lose the "all"...)

• Significantly mitigated 51% attack vulnerability thanks to the 5 unique algos & independent difficulties.
• 1st First coin to develop & implement DigiShield (asymmetrical asymmetric difficulty adjustment).

(Grammar thing, adverb vs adjective )

• 30 second blocks make for much faster merchants transactions.
• 1:1000 ratio with Bitcoin is more intuitive and user friendly for micro transactions.
• Minor, insignificant Small initial premine that was given away to users & charity and used for initial development.

(Pre-mine is what it is, no need to call it minor or insignificant. The DEV's record of handling this pre-mine speaks for itself)
[/list]

As YC mentioned, I also think transparency is to be highly valued, but I'm not sure about exactly how far current transparency goes, and, as a consequence, I'm not sure about how to state that other than with something very generic.

Couple minor points...  I'm a bit pedantic about a few things as i do a lot of technical writing in my profession. See corrections above...  you may feel differently, but just my 2 cents.

EDIT: I forgot to say very good otherwise...  I'm just nit-picking...  but my main comment is well done, looks good 

That looks good. And thanks.

1:1000 ratio with Bitcoin is more intuitive and user friendly for micro transactions.

。。。 

"We wanted to design a currency that would ideally be traded at $1-$10 and would allow a user to walk into Starbucks and purchase some coffee with their smart phone in a few seconds. DigiByte will allow for that to happen. The ratio of Bitcoins to DigiBytes is 1 to 1000. Very easy to calculate.

The average person does not really understand or like buying small ticket items with Bitcoins. Sending .001 BTC to a cashier for some groceries is a bit confusing to the average joe on the street. Spending 20 DigiBytes is much more easily understood. In the end, no one likes looking in their wallet and seeing they own only 0.001 BTC. 1,000 DGB is much more appealing. You store data in kilobytes & megabytes, why not buy goods and services with DigiBytes?"
http://www.followthecoin.com/interview-digibyte-team/

I'm sure there's a better way to summarize that, but I don't think  is really going in the right direction.

[tdcooper99]

Anyone know the difference between the Love2Hash pool and digibyte.co? Both are from the DEVs, the former seems to be up and running and ready to go for block 145000....  the latter not yet...  but why 2 pools?

[Scyntech]

Anyone know the difference between the Love2Hash pool and digibyte.co? Both are from the DEVs, the former seems to be up and running and ready to go for block 145000....  the latter not yet...  but why 2 pools?

I believe digibyte.co is/was undergoing maintenance or they were moving the server. 

[NZ_miner]

Soooooooo close ...

Update

200 blocks to go, at current rates estimated time until block 145,000 = 9 Hours 54 Minutes *

*The actual time will depend on the average network hashrate and fluctuations in block finding luck ... but presuming everyone doesn't suddenly abandon the network, it seems today is the day!

[RJF]

I would suggest something along these lines:

Why DigiByte?

• Professional & dedicated development team since launch on Jan. January 10th 2014.

(I don't like abbreviations)

• Strategic long term road-map & vision alongside pending global corporate partnerships.
• 1st First coin to fork to multi-algorithm mining that respects and values all existing mining technologies.

(Ditto above, I prefer words rather than abbreviations, and maybe lose the "all"...)

• Significantly mitigated 51% attack vulnerability thanks to the 5 unique algos & independent difficulties.
• 1st First coin to develop & implement DigiShield (asymmetrical asymmetric difficulty adjustment).

(Grammar thing, adverb vs adjective )

• 30 second blocks make for much faster merchants transactions.
• 1:1000 ratio with Bitcoin is more intuitive and user friendly for micro transactions.
• Minor, insignificant Small initial premine that was given away to users & charity and used for initial development.

(Pre-mine is what it is, no need to call it minor or insignificant. The DEV's record of handling this pre-mine speaks for itself)
[/list]

As YC mentioned, I also think transparency is to be highly valued, but I'm not sure about exactly how far current transparency goes, and, as a consequence, I'm not sure about how to state that other than with something very generic.

Couple minor points...  I'm a bit pedantic about a few things as i do a lot of technical writing in my profession. See corrections above...  you may feel differently, but just my 2 cents.

EDIT: I forgot to say very good otherwise...  I'm just nit-picking...  but my main comment is well done, looks good 

Nit-picking, aka, copy editing, is VERY important. Investors, especially, are used to reading prospectus from hundreds of sources almost daily and let me tell you, the poorly formed sentence, the abbreviations, the "buzz" words and other seemingly small errors in grammar and punctuation really make a difference. I have tossed many documents in the bin due to this and, it doesn't matter if the offending prose is a paragraph or epic novel, to the bin it goes.

Other than that, it looks sound to me!

[lucazane]

Pre-register now : http://theblocksfactory.com (sha256, skein, qubit)

[racer2012]

Its good if we still reduce to 10.5 billions coins or less  would helped alot too

[iikun]

I would suggest something along these lines:

Why DigiByte?

• Professional & dedicated development team since launch on Jan. January 10th 2014.

(I don't like abbreviations)

• Strategic long term road-map & vision alongside pending global corporate partnerships.
• 1st First coin to fork to multi-algorithm mining that respects and values all existing mining technologies.

(Ditto above, I prefer words rather than abbreviations, and maybe lose the "all"...)

• Significantly mitigated 51% attack vulnerability thanks to the 5 unique algos & independent difficulties.
• 1st First coin to develop & implement DigiShield (asymmetrical asymmetric difficulty adjustment).

(Grammar thing, adverb vs adjective )

• 30 second blocks make for much faster merchants transactions.
• 1:1000 ratio with Bitcoin is more intuitive and user friendly for micro transactions.
• Minor, insignificant Small initial premine that was given away to users & charity and used for initial development.

(Pre-mine is what it is, no need to call it minor or insignificant. The DEV's record of handling this pre-mine speaks for itself)
[/list]

As YC mentioned, I also think transparency is to be highly valued, but I'm not sure about exactly how far current transparency goes, and, as a consequence, I'm not sure about how to state that other than with something very generic.

Couple minor points...  I'm a bit pedantic about a few things as i do a lot of technical writing in my profession. See corrections above...  you may feel differently, but just my 2 cents.

EDIT: I forgot to say very good otherwise...  I'm just nit-picking...  but my main comment is well done, looks good 

Nit-picking, aka, copy editing, is VERY important. Investors, especially, are used to reading prospectus from hundreds of sources almost daily and let me tell you, the poorly formed sentence, the abbreviations, the "buzz" words and other seemingly small errors in grammar and punctuation really make a difference. I have tossed many documents in the bin due to this and, it doesn't matter if the offending prose is a paragraph or epic novel, to the bin it goes.

Other than that, it looks sound to me!

Rather than say the premine was "given away" could we say "used for initial promotion & awareness campaign and development purposes"?  Also we should make it clear that it is fully accounted for (at least I hope such records exist)