Jumbley
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Merit: 1003
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April 12, 2015, 11:04:12 AM |
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"The animated shark sucking up the floating DGB for instance." Hey thats me!  I just want to say i dont market make / manipulate the price of Digibyte and i know that some community members can confirm that. I just buy when i have some free BTC by buying and trading other coins,And yeah i just like to post some funny pics some times haha. Just to be shure,I like your story and i really need to say i like the way you think about Digibyte.  We know 24, your arrow is straight! The miners we are talking about are the reason DGB is not profitable and I am suggesting this is quite deliberate and that we need to attract more distributed sha miners. It's a shame but the Black Arrow X1 is the perfect miner for this kind of job and it is in line with their original concept of it. It's a shame they made such a hash of their business! Why I mentioned BA X1 or X1.5, someone here has made quite a nice guide to one and although I am afraid that this company has very badly handled its business and many customers are less than satisfied with the service and support they have received, the machines are really quite nice and would make a good distributed DigiByte sha network! https://bitcointalk.org/index.php?topic=1022085.new#new |
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I HATE TABLES I HATE TABLES I HA(╯°□°）╯︵ ┻━┻ TABLES I HATE TABLES I HATE TABLES
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digitaldoxy
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Activity: 91
Merit: 10
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April 12, 2015, 11:49:08 AM |
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Hi all, I've just come across the DGB after mining a few other altcoins that haven't proven to have the support of an active community, or active management for that matter.... So I've been looking for a coin with these qualities. DGB looks like a well thought out coin with a pretty active bunch of people going by the thread here.
I see you're trying to build a bigger network of dedicated miners..... I'm happy to throw hat into the ring with a fair few MH's of hashing power. Look forward to seeing how it all goes!
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Jumbley
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Activity: 1218
Merit: 1003
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April 12, 2015, 12:33:12 PM |
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Hi all, I've just come across the DGB after mining a few other altcoins that haven't proven to have the support of an active community, or active management for that matter.... So I've been looking for a coin with these qualities. DGB looks like a well thought out coin with a pretty active bunch of people going by the thread here.
I see you're trying to build a bigger network of dedicated miners..... I'm happy to throw hat into the ring with a fair few MH's of hashing power. Look forward to seeing how it all goes!
A very big WELCOME to you digitaldoxy, I hope you will consider using the official pool and supporting our developers too! http://digihash.co/ |
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digitaldoxy
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Activity: 91
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April 12, 2015, 12:46:13 PM |
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Hi all, I've just come across the DGB after mining a few other altcoins that haven't proven to have the support of an active community, or active management for that matter.... So I've been looking for a coin with these qualities. DGB looks like a well thought out coin with a pretty active bunch of people going by the thread here.
I see you're trying to build a bigger network of dedicated miners..... I'm happy to throw hat into the ring with a fair few MH's of hashing power. Look forward to seeing how it all goes!
A very big WELCOME to you digitaldoxy, I hope you will consider using the official pool and supporting our developers too! http://digihash.co/Thanks mate! Happy to contribute, are there any speed limit for connections on scrypt algo pool, as I've had a couple pools not happy due to me having too high hash speed? |
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Jumbley
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Merit: 1003
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April 12, 2015, 12:57:44 PM |
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Hi all, I've just come across the DGB after mining a few other altcoins that haven't proven to have the support of an active community, or active management for that matter.... So I've been looking for a coin with these qualities. DGB looks like a well thought out coin with a pretty active bunch of people going by the thread here.
I see you're trying to build a bigger network of dedicated miners..... I'm happy to throw hat into the ring with a fair few MH's of hashing power. Look forward to seeing how it all goes!
A very big WELCOME to you digitaldoxy, I hope you will consider using the official pool and supporting our developers too! http://digihash.co/Thanks mate! Happy to contribute, are there any speed limit for connections on scrypt algo pool, as I've had a couple pools not happy due to me having too high hash speed? Not that I know of but I'm a SHA miner! Give it a go... |
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EPLDCC
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April 12, 2015, 07:07:29 PM |
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Hi all, I've just come across the DGB after mining a few other altcoins that haven't proven to have the support of an active community, or active management for that matter.... So I've been looking for a coin with these qualities. DGB looks like a well thought out coin with a pretty active bunch of people going by the thread here.
I see you're trying to build a bigger network of dedicated miners..... I'm happy to throw hat into the ring with a fair few MH's of hashing power. Look forward to seeing how it all goes!
A very big WELCOME to you digitaldoxy, I hope you will consider using the official pool and supporting our developers too! http://digihash.co/Thanks mate! Happy to contribute, are there any speed limit for connections on scrypt algo pool, as I've had a couple pools not happy due to me having too high hash speed? I second Jumbley's welcome ... and it will be nice to have some addition hash power in the scrypt pool. I'm not a pool admin - but I don't think there are any limits. A couple of months ago someone had a hash rate around 350. I imagine they were pointing a Titan at the pool. So, if you do something similar it will just increase our frequency of finding blocks and probably increase the difficulty a bit too ... so welcome to the DGB community. It's a great coin, with a professional development team, and this is a great group. |
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Jumbley
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Activity: 1218
Merit: 1003
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April 12, 2015, 09:29:05 PM |
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I started off my post above looking through the eyes of most miners, well SHA ASIC miners at least. With the price falling in the market it is easy to conclude that mining DigiByte isn’t profitable and that it would be better to mine bitcoin then buy DigiByte with the proceeds, perhaps!
The problem with doing that is when, I remove my mining hardware from the DigiByte network, I weaken it because it is currently too small. The effect of me leaving reduces the overall difficulty and allows what is left behind to mine more coins. Now if the majority of the network is being made up of, let’s call them ‘liquidity traders’, all of these coins can end up on the market driving the price down. It may be that they have to sell to cover overheads but they really should be mining bitcoin at the moment if this is true. It could also be a deliberate attempt to undermine the value of DigiByte and make it look less attractive. Whatever it is it is not good for the overall security of DigiByte because as far as I can make out the network speed of what seems to represent the ‘liquidity traders’ is at least double that of what looks to be the genuine DigiByte community’s SHA hashing power.
I have not removed my mining from DigiByte but sometime soon I will be forced to reduce it. I am actively encouraging other SHA miners to join it and help make it more secure. On the whole they need to be prepared to swallow the overhead cost of doing it but many hands make light work and the burden does not need to be overwhelming. These people will also be participating in a truly distributed network, like the one bitcoin was supposed to have been with the bonus of being part of a much better class of community. There is every chance that one day their sacrifice will more than pay off when DigiByte realises it’s true market value because it isn’t anywhere near now.
Please join me and welcome miners whenever they come, whatever they mine and let us become the one true community of distributed digital currency!
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Jumbley
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Merit: 1003
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April 12, 2015, 11:00:31 PM |
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DigiByte (OP)
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Merit: 1051
Official DigiByte Account
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April 13, 2015, 06:38:57 AM |
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#DigiByteTip will be offline for a few hours while we roll out some updates
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digitaldoxy
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Activity: 91
Merit: 10
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April 13, 2015, 08:13:22 AM |
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I see Digihash is back up, but I can't run such a low difficulty on my contracts (Max seems to be 256). Anybody know a reliable Digibyte pool where I can run a minimum 1024 difficulty with scrypt algo?
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Jumbley
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Activity: 1218
Merit: 1003
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April 13, 2015, 08:31:42 AM |
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The blocks factory does indeed appear to be supporting Digibyte and seems to have at least 4 flavors, i think scrypt is missing. It is currently hosting just under 5TH/s of SHA. Activists do indeed need a means of supporting their activities. The problem with having so many different 'Alt; coins is that the available mining power, which gives any coin its security, is stretched to dangerous limits allowing them to be manipulated very easily by let's say 'dark forces'. It would be much better if we could bring all this currently disseminated power together somehow, either by giving some of them up and regrouping under one flag or merging them where that is possible. "Activists supporting plights, standing up for peoples rights. Theatre goers’ bank rolling nights, see the stars shinning bright. Adventurers gazing at the northern lights and other world famous, wondrous sights. Even, Xbox games for troglodytes, now all paid for with digibytes!" |
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Jumbley
Legendary
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Activity: 1218
Merit: 1003
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April 13, 2015, 08:38:09 AM |
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I see Digihash is back up, but I can't run such a low difficulty on my contracts (Max seems to be 256). Anybody know a reliable Digibyte pool where I can run a minimum 1024 difficulty with scrypt algo?
Does your mining still run but with errors on the pool or does it not even let you get started? |
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digitaldoxy
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Activity: 91
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April 13, 2015, 08:40:29 AM |
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I see Digihash is back up, but I can't run such a low difficulty on my contracts (Max seems to be 256). Anybody know a reliable Digibyte pool where I can run a minimum 1024 difficulty with scrypt algo?
Does your mining still run but with errors on the pool or does it not even let you get started? Think I've got it sorted on the 256 diff pool... Efficiency is down a little bit but thats cool.... Happy camper  |
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Jumbley
Legendary
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Activity: 1218
Merit: 1003
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April 13, 2015, 08:43:33 AM |
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I see Digihash is back up, but I can't run such a low difficulty on my contracts (Max seems to be 256). Anybody know a reliable Digibyte pool where I can run a minimum 1024 difficulty with scrypt algo?
Does your mining still run but with errors on the pool or does it not even let you get started? Think I've got it sorted on the 256 diff pool... Efficiency is down a little bit but thats cool.... Happy camper cool, happy mining! |
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digitaldoxy
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April 13, 2015, 08:58:56 AM |
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Actually there's still something very wrong I'm thinking... I'm mining scrypt algo at 6GH/s and should be inline to get around 56,000 DGB per hour. In ten minutes I've made 61 (no that's not a misprint)!! Pretty dismal considering the cost of the contract lol
Think I might need to setup my own stratum server :/
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Jumbley
Legendary
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Activity: 1218
Merit: 1003
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April 13, 2015, 09:01:19 AM |
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Actually there's still something very wrong I'm thinking... I'm mining scrypt algo at 6GH/s and should be inline to get around 56,000 DGB per hour. In ten minutes I've made 61 (no that's not a misprint)!! Pretty dismal considering the cost of the contract lol
Think I might need to setup my own stratum server :/
patience, it will take a little while to get up to speed but should even out when its been on there for a while! added: It will probably affect the difficulty considerably as well so it will probably not do quite as well as you hoped, I'll go and crunch a few numbers and see what I come up with. |
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digitaldoxy
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Activity: 91
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April 13, 2015, 09:17:18 AM |
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Actually there's still something very wrong I'm thinking... I'm mining scrypt algo at 6GH/s and should be inline to get around 56,000 DGB per hour. In ten minutes I've made 61 (no that's not a misprint)!! Pretty dismal considering the cost of the contract lol
Think I might need to setup my own stratum server :/
patience, it will take a little while to get up to speed but should even out when its been on there for a while! added: It will probably affect the difficulty considerably as well so it will probably not do quite as well as you hoped, I'll go and crunch a few numbers and see what I come up with. Okay appreciate the help! I'm still on 61 DGB atm, so I'll have to just hope for the best at this point. |
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Jumbley
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Activity: 1218
Merit: 1003
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April 13, 2015, 09:20:36 AM |
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Actually there's still something very wrong I'm thinking... I'm mining scrypt algo at 6GH/s and should be inline to get around 56,000 DGB per hour. In ten minutes I've made 61 (no that's not a misprint)!! Pretty dismal considering the cost of the contract lol
Think I might need to setup my own stratum server :/
patience, it will take a little while to get up to speed but should even out when its been on there for a while! added: It will probably affect the difficulty considerably as well so it will probably not do quite as well as you hoped, I'll go and crunch a few numbers and see what I come up with. OK, you have doubled overall scrypt hashing power of DigiByte so your expected revenue is about half of what you hoped! |
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