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CryptoLTD
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June 16, 2014, 11:10:51 PM |
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Whats your issue 'soul eater'? Upset that some one dosent agree with you? Thats life, just like people wont agree with me. What kind of degenerate are you? Want 'emotions'..ok lemme eat dinner 1st..and Ill bite the hook of your e-fight for e-rep points that your clearly looking for.
You're the one who said that being concerned about heat was "suspicious". It's OK I really believe you're a big man who bashes tools together because it's so tough. Overcompensating for something or what? I bash tools together? What? Are you on fucking drugs bro? |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Soul_eater_123
Legendary
 Offline
Activity: 952
Merit: 1000
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June 16, 2014, 11:23:15 PM |
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Whats your issue 'soul eater'? Upset that some one dosent agree with you? Thats life, just like people wont agree with me. What kind of degenerate are you? Want 'emotions'..ok lemme eat dinner 1st..and Ill bite the hook of your e-fight for e-rep points that your clearly looking for.
You're the one who said that being concerned about heat was "suspicious". It's OK I really believe you're a big man who bashes tools together because it's so tough. Overcompensating for something or what? I bash tools together? What? Are you on fucking drugs bro? Lol - let's just leave it there it's a pointless argument. |
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Moxymore
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June 16, 2014, 11:29:29 PM |
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I have a question related to this "new multi-algo" system : you said that each algo will have it's own difficulty. Ok, I understand this. But what can happened if, one day, one algo is lacking of hashpower (like few days ago with our scrypt algo on DGB)? This will create some problems in the blockchain, isn't it?
Up... |
♥ Digibyte ♥ "THE" Digital currency of the future ♥
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CryptoLTD
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June 16, 2014, 11:30:44 PM |
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Whats your issue 'soul eater'? Upset that some one dosent agree with you? Thats life, just like people wont agree with me. What kind of degenerate are you? Want 'emotions'..ok lemme eat dinner 1st..and Ill bite the hook of your e-fight for e-rep points that your clearly looking for.
You're the one who said that being concerned about heat was "suspicious". It's OK I really believe you're a big man who bashes tools together because it's so tough. Overcompensating for something or what? I bash tools together? What? Are you on fucking drugs bro? Lol - let's just leave it there it's a pointless argument. Ok |
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DigiByte (OP)
Legendary
Offline
Activity: 1722
Merit: 1051
Official DigiByte Account
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June 16, 2014, 11:44:41 PM |
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I have a question related to this "new multi-algo" system : you said that each algo will have it's own difficulty. Ok, I understand this. But what can happened if, one day, one algo is lacking of hashpower (like few days ago with our scrypt algo on DGB)? This will create some problems in the blockchain, isn't it?
Up... Any algo can find the next block. Is is very unlikely 1 algo will find multiple blocks in a row but it can happen in that case. The difficulty re-targeting will be adjusted to prevent that. The key is 4 other algos will still be finding blocks. The problem would be mitigated. They average out over time to 1/5 of the blocks but each algo can get multiple blocks before another algo gets a block. Like you don't have to get a block from all 5 algos before it accepts scrypt again with updated re-targeting. |
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haggis
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June 17, 2014, 12:17:50 AM |
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5x Multi-Algos do have 1 problem: if someone puts all his hashing power in one of sort of hash algo, he will earn only 1/5 as when he put his power to a single algo coin, doesn't he?
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Moxymore
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June 17, 2014, 12:34:11 AM |
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I have a question related to this "new multi-algo" system : you said that each algo will have it's own difficulty. Ok, I understand this. But what can happened if, one day, one algo is lacking of hashpower (like few days ago with our scrypt algo on DGB)? This will create some problems in the blockchain, isn't it?
Up... Any algo can find the next block. Is is very unlikely 1 algo will find multiple blocks in a row but it can happen in that case. The difficulty re-targeting will be adjusted to prevent that. The key is 4 other algos will still be finding blocks. The problem would be mitigated. They average out over time to 1/5 of the blocks but each algo can get multiple blocks before another algo gets a block. Like you don't have to get a block from all 5 algos before it accepts scrypt again with updated re-targeting. Ok, it's good then. Thank you. |
♥ Digibyte ♥ "THE" Digital currency of the future ♥
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DigiByte (OP)
Legendary
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Activity: 1722
Merit: 1051
Official DigiByte Account
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June 17, 2014, 12:42:58 AM |
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5x Multi-Algos do have 1 problem: if someone puts all his hashing power in one of sort of hash algo, he will earn only 1/5 as when he put his power to a single algo coin, doesn't he?
Not necessarily. The total hash on the network is still a sum of all the miners & hardware mining on the 5 different algos. So you are still competing against varying amounts of hash being weighted differently from the other algos. Some algos may be easier to mine on and earn better rewards but this should stabilize and average out over time. Overall, it is still more fair to everyone and means better decentralization for the coin & community. |
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DigiByte (OP)
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Activity: 1722
Merit: 1051
Official DigiByte Account
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June 17, 2014, 12:45:52 AM |
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Also, try thinking of it this way. Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins.
Edit: There is a huge secondary market for SHA-256 ASICs we are looking to tap into. Many people still have some laying around that are no longer economical to mine Bitcoin with.
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Ryven Cedrylle
Member
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Activity: 75
Merit: 10
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June 17, 2014, 01:13:20 AM |
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Also, try thinking of it this way. Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins.
Edit: There is a huge secondary market for SHA-256 ASICs we are looking to tap into. Many people still have some laying around that are no longer economical to mine Bitcoin with.
Or if you could get some of those cloud mining companies to switch. I keep pestering eobot to consider changing but they don't seem interested. |
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DigiByte (OP)
Legendary
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Activity: 1722
Merit: 1051
Official DigiByte Account
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June 17, 2014, 01:33:11 AM |
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Also, try thinking of it this way. Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins.
Edit: There is a huge secondary market for SHA-256 ASICs we are looking to tap into. Many people still have some laying around that are no longer economical to mine Bitcoin with.
Or if you could get some of those cloud mining companies to switch. I keep pestering eobot to consider changing but they don't seem interested. What do you mean by switch? |
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DigiByte (OP)
Legendary
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Activity: 1722
Merit: 1051
Official DigiByte Account
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June 17, 2014, 01:50:56 AM |
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Blake256  Do you have any details or info on BLake? We know it was a Sha finalist and it is merged mined with a few coins. But what about hardware performance for GPUS? Have you read this blakecoin.org/Blakecoin_Introduction.pdf Thanks for posting the link! |
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RJF
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June 17, 2014, 02:45:27 AM |
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Also, try thinking of it this way. Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins.
Edit: There is a huge secondary market for SHA-256 ASICs we are looking to tap into. Many people still have some laying around that are no longer economical to mine Bitcoin with.
Yep, that would be me!  |
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BlazingHashes
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Activity: 106
Merit: 10
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June 17, 2014, 08:26:28 AM |
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haggis
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June 17, 2014, 09:55:41 AM |
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Also, try thinking of it this way. Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins.
Edit: There is a huge secondary market for SHA-256 ASICs we are looking to tap into. Many people still have some laying around that are no longer economical to mine Bitcoin with.
Hmm, ok. Every algo has its own difficulty. Therefore it can be much more profitable to mine on the algo with the lowest hash compared to what your hardware is able to. Lets say: Scrypt: 10000 miners with total of 1 Petahash/s Sha256: 1 CPU miner with 100kh/s => the Sha256 miner gets with his notebook as much coins as all 10k scrypt miners together. => what are the requirements to run a 51% attack? Given the example above, if there was a 3rd "unpopular" hashing algo, could this guy start another notebook on it and then control 2/3 of the network and perform a 51% attack? Notice: this are just mind experiments and it is very very unlikely that only 1 miner will work on one algo! I just give this example for sake of simplicity. |
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Ryven Cedrylle
Member
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Activity: 75
Merit: 10
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June 17, 2014, 11:58:56 AM |
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What do you mean by switch?
As in there are a bunch of cloud mining services, eobot being one that I use, that are all pointed at Bitcoin. If they could be convinced to transfer their SHA mining to DGB, it would go a long way towards securing the network. Given BTC's difficulty, I've sent several emails to eobot suggesting other more profitable coins to mine. Each time they reply in the negative. |
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tdcooper99
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June 17, 2014, 12:41:04 PM |
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=> the Sha256 miner gets with his notebook as much coins as all 10k scrypt miners together.
Nah... pretty sure in that scenario, the SHA-256 dude would get sweet F.A. You need hashpower to discover the blocks, regardless of the algo. The 1PH Scrypt network would find everything, except in the most bizarrely lucky of situations. |
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the_game1224
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June 17, 2014, 01:25:22 PM |
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Also, try thinking of it this way. Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins.
Edit: There is a huge secondary market for SHA-256 ASICs we are looking to tap into. Many people still have some laying around that are no longer economical to mine Bitcoin with.
Hmm, ok. Every algo has its own difficulty. Therefore it can be much more profitable to mine on the algo with the lowest hash compared to what your hardware is able to. Lets say: Scrypt: 10000 miners with total of 1 Petahash/s Sha256: 1 CPU miner with 100kh/s => the Sha256 miner gets with his notebook as much coins as all 10k scrypt miners together. => what are the requirements to run a 51% attack? Given the example above, if there was a 3rd "unpopular" hashing algo, could this guy start another notebook on it and then control 2/3 of the network and perform a 51% attack? Notice: this are just mind experiments and it is very very unlikely that only 1 miner will work on one algo! I just give this example for sake of simplicity. Yes the SHA256 miner would get just as much as all of the Scrypt miners combined as Scrypt and SHA256 will have individual difficulties. |
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ycagel
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June 17, 2014, 05:09:44 PM |
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Jared,
Have you all made a decision on which the 4th and 5th algorithms will be? Has there been any communication with that specific community to cause more awareness for DGB?
On a side note, I am really impressed by the professionalism and dedication to this coin. It's actually quite refreshing with all the other "shell" coins. This has the legs of a real runner in the space. A few things and we could cause some major impact. The holders of this coin won't be upset. I also don't think you will see these giveaway prices anymore either.
YC
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