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

[24hralttrade]

https://bitcointalk.org/index.php?topic=967022.0 - Mining

This here thread is scary right now for the noobs...

I guess I'm still new to the bitcointalk forum ... but, I've been mining for 2 years, started with a bunch of GPUs and moved on to asics.  I haven't been scared.  These sorts of discussions are super important, for everyone; I would say they're important even for people who do not mine.  

Also, because the past couple of days have seen our discussion focus on mining ... I though maybe someone would be interested in the following: I have a few (eight) of the 5-chip gridseed miners (hash scrypt at approximately 350KH @ 8-10w each).  I also have a gridseed g-blade 80-chip (scrypt: approximately 5.5 MH @ 120-130w).  Have all the cables (power and usb).  I turned them off mid-summer and they've been boxed up since then.  I didn't even want to bother with the hassle of selling them.   But, if someone here were interested in playing around with them for DGB. Send me a PM with an offer in DGB (shipping + whatever).  The g-blade might be worth a little bit more than the others.  The 5-chip ones are mostly novelty items.  I also have the raspberry pi controller, and a USB hub, but I'd prefer to hang onto those unless you made a fair offer.  If you're interested, send me a message and we can work something out (as long as it's paid in DGB and you intend to mine DGB).

PM 

[Dennahz]

Let me see if this works for me too: can I get a 70 sats for my b-day?

24 got his 40 

[24hralttrade]

Let me see if this works for me too: can I get a 70 sats for my b-day?

24 got his 40 

when can we go party?

[Dennahz]

Let me see if this works for me too: can I get a 70 sats for my b-day?

24 got his 40 

when can we go party?

Today sounds fine

[CryptoRaver]

I don't understand the miners.
They sell digibyte for pay cost electricity.
But why they're mining ? Don't mine and you don't pay cost electric? (if you don't trust in this coin)
Leave this market who have a good future.
I'm a miner of DGB and I'm holding.

+1 this something i also don't understand?

[GigaBit]

I don't understand the miners.
They sell digibyte for pay cost electricity.
But why they're mining ? Don't mine and you don't pay cost electric? (if you don't trust in this coin)
Leave this market who have a good future.
I'm a miner of DGB and I'm holding.

+1 this something i also don't understand?

If you mine to pay for electricity and pocket no pay, you shouldn't mine just for the sake of mining; either it be Gold, or Cryptos.

That's insanity, Albert Einstein will tell you that all day in different words...

I tell all miners that if they need to sell more than 75% of their take for mining expenses, they shouldn't mine at all.

That's like working for someone, it's defies the point of mining; miners must have a drive to "strike it rich"... it's the premise of Gold Mining.

Every miner has to have the drive of striking it rich but if you don't hold any coin, that will never happen.

However, it's everyone's right to mine and sell their take... it's also everyone's right to hold...

Most who get into mining have no idea of the real life mining industry and lack technical know-how.

I don't care, I'll keep buying lots of cheap coins with Bitcoin and mine as much as I can.

Let's not hide the fact that DGB needs more big holding miners so the smaller ones who sell their entire pay won't matter.

What DGB needs next fork is.... PoS??  Watch how many start holding XD

[MemberCount+1]

dgb is a good coin. which coin has a bigger worth as last year at the same time /march? dgb is higher and has much more potential.

[yoyoamigo]

the fact that they have so many meetings ever since last year till now in many different parts of the world...goes to show how much confidence they have in their own cryptocurrency, in Digibyte.

Now that is PRICELESS!

[halinyo]

I don't understand the miners.
They sell digibyte for pay cost electricity.
But why they're mining ? Don't mine and you don't pay cost electric? (if you don't trust in this coin)
Leave this market who have a good future.
I'm a miner of DGB and I'm holding.

+1 this something i also don't understand?

If you mine to pay for electricity and pocket no pay, you shouldn't mine just for the sake of mining; either it be Gold, or Cryptos.

That's insanity, Albert Einstein will tell you that all day in different words...

I tell all miners that if they need to sell more than 75% of their take for mining expenses, they shouldn't mine at all.

That's like working for someone, it's defies the point of mining; miners must have a drive to "strike it rich"... it's the premise of Gold Mining.

Every miner has to have the drive of striking it rich but if you don't hold any coin, that will never happen.

However, it's everyone's right to mine and sell their take... it's also everyone's right to hold...

Most who get into mining have no idea of the real life mining industry and lack technical know-how.

I don't care, I'll keep buying lots of cheap coins with Bitcoin and mine as much as I can.

Let's not hide the fact that DGB needs more big holding miners so the smaller ones who sell their entire pay won't matter.

What DGB needs next fork is.... PoS??  Watch how many start holding XD

I think there will NEVER be a POS for DGB unless bitcoin has one.

[Jumbley]

Since this question about mining SHA256 came up, I’ve been conducting a very loose practical experiment myself to compare whether it is better to mine DGB directly or mine BTC and then convert to DGB.
My initial findings are this; At 60 Sat price of DGB, what I have mined is very close to the same amount of DGB as I could directly buy with the BTC I would have mined. However, if I had mined BTC, I would probably have had to pay exchange fees to convert. For the small amounts involved this is negligible so I would say at this price, there really isn’t much in it.
If DGB rises above this 60 Sat price, it would obviously be more beneficial to mine DGB directly but then again that would be easily offset again as more miners start doing this.
Conclusions; we can expect the DGB Network speed to increase as DGB price rises above this 60 Sat price and drop off if it falls below. 

[RD965]

Since this question about mining SHA256 came up, I’ve been conducting a very loose practical experiment myself to compare whether it is better to mine DGB directly or mine BTC and then convert to DGB.
My initial findings are this; At 60 Sat price of DGB, what I have mined is very close to the same amount of DGB as I could directly buy with the BTC I would have mined. However, if I had mined BTC, I would probably have had to pay exchange fees to convert. For the small amounts involved this is negligible so I would say at this price, there really isn’t much in it.
If DGB rises above this 60 Sat price, it would obviously be more beneficial to mine DGB directly but then again that would be easily offset again as more miners start doing this.
Conclusions; we can expect the DGB Network speed to increase as DGB price rises above this 60 Sat price and drop off if it falls below. 

How is it going to be more profitable to mine BTC directly? You cam compare algo efficiency since this is a multi-algo coin, you may find something

[Jumbley]

Since this question about mining SHA256 came up, I’ve been conducting a very loose practical experiment myself to compare whether it is better to mine DGB directly or mine BTC and then convert to DGB.
My initial findings are this; At 60 Sat price of DGB, what I have mined is very close to the same amount of DGB as I could directly buy with the BTC I would have mined. However, if I had mined BTC, I would probably have had to pay exchange fees to convert. For the small amounts involved this is negligible so I would say at this price, there really isn’t much in it.
If DGB rises above this 60 Sat price, it would obviously be more beneficial to mine DGB directly but then again that would be easily offset again as more miners start doing this.
Conclusions; we can expect the DGB Network speed to increase as DGB price rises above this 60 Sat price and drop off if it falls below.  

How is it going to be more profitable to mine BTC directly? You cam compare algo efficiency since this is a multi-algo coin, you may find something

It is more profitable to mine BTC directly when DGB price is under 60 sat at the moment, using a SHA256 miner.

[Scrachit]

Hi everyone. Was reading this topic for a while now and decided to register and enter the discussion. Someone above was saying that hi don't understand why the price is so low, and why someone is selling their coins at a low price while the digi cost most be around 300 sat. And some other ppl said that they have millions of coins and they are holding them cause of waiting for that price. So i just now want to make my point. The price will be so low always cause of one BIG thing-there is no trade volume!!!!! I mean there is sure, but it's so much low that it can't make a big change in price. So ppl who ask and talk on this topics - don't hold your coins! Trade them, buy them and again and again. Doing this way we can make it's real price, make a good trade volume (look and cryptsy and bittrex - it's bad for the moment) and with news we will stay on hard ground and wont make such jumps up and down. Look and coinmarketcap - what are trade volume is and what capitalisation we have. When Digi will be in top 20 with more then 1 million cap and a stable trade volume we can say that we ve made a step forward, while now the coin and price live his own life cause many ppl are just watching and not doing things they want for the price and vallue they are looking for while they have the amount of coins wich can makle that difference. I have now around 1 mil and i'm trading it everyday to try to make the price and value a lil more higher but alone with not so many coins its a lil bit useless. So start trade at least with some amount of your coins to make something. I'm not a specialist so don't judge me and thx for reading the post. Cheers.

[EPLDCC]

I don't understand the miners.
They sell digibyte for pay cost electricity.
But why they're mining ? Don't mine and you don't pay cost electric? (if you don't trust in this coin)
Leave this market who have a good future.
I'm a miner of DGB and I'm holding.

+1 this something i also don't understand?

The economic answer is normal backwardation.  If people believe that their mining returns will diminish over time, they lock in profits today - offsetting risk by selling to people who believe the future price will be higher.  (I understand that normal backwardation is usually applied only to futures markets, but I think it appropriately describes the conditions of mining for many people).  I think it probably depends mostly on how they mine, and their up-front costs (both for equipment and electricity).  As I've said before, I don't sell any of the coins I mine, but I can understand why some people do ...

[Jumbley]

Hi everyone. Was reading this topic for a while now and decided to register and enter the discussion. Someone above was saying that hi don't understand why the price is so low, and why someone is selling their coins at a low price while the digi cost most be around 300 sat. And some other ppl said that they have millions of coins and they are holding them cause of waiting for that price. So i just now want to make my point. The price will be so low always cause of one BIG thing-there is no trade volume!!!!! I mean there is sure, but it's so much low that it can't make a big change in price. So ppl who ask and talk on this topics - don't hold your coins! Trade them, buy them and again and again. Doing this way we can make it's real price, make a good trade volume (look and cryptsy and bittrex - it's bad for the moment) and with news we will stay on hard ground and wont make such jumps up and down. Look and coinmarketcap - what are trade volume is and what capitalisation we have. When Digi will be in top 20 with more then 1 million cap and a stable trade volume we can say that we ve made a step forward, while now the coin and price live his own life cause many ppl are just watching and not doing things they want for the price and vallue they are looking for while they have the amount of coins wich can makle that difference. I have now around 1 mil and i'm trading it everyday to try to make the price and value a lil more higher but alone with not so many coins its a lil bit useless. So start trade at least with some amount of your coins to make something. I'm not a specialist so don't judge me and thx for reading the post. Cheers.

Hi Scrachit and welcome, I think you may get eaten alive on the markets trading if you don't know what you are doing. It's all about knowing when to buy and sell. The market at the moment simply isn't big enough but there are plenty of sharks.

[EPLDCC]

Hi everyone. Was reading this topic for a while now and decided to register and enter the discussion. Someone above was saying that hi don't understand why the price is so low, and why someone is selling their coins at a low price while the digi cost most be around 300 sat. And some other ppl said that they have millions of coins and they are holding them cause of waiting for that price. So i just now want to make my point. The price will be so low always cause of one BIG thing-there is no trade volume!!!!! I mean there is sure, but it's so much low that it can't make a big change in price. So ppl who ask and talk on this topics - don't hold your coins! Trade them, buy them and again and again. Doing this way we can make it's real price, make a good trade volume (look and cryptsy and bittrex - it's bad for the moment) and with news we will stay on hard ground and wont make such jumps up and down. Look and coinmarketcap - what are trade volume is and what capitalisation we have. When Digi will be in top 20 with more then 1 million cap and a stable trade volume we can say that we ve made a step forward, while now the coin and price live his own life cause many ppl are just watching and not doing things they want for the price and vallue they are looking for while they have the amount of coins wich can makle that difference. I have now around 1 mil and i'm trading it everyday to try to make the price and value a lil more higher but alone with not so many coins its a lil bit useless. So start trade at least with some amount of your coins to make something. I'm not a specialist so don't judge me and thx for reading the post. Cheers.

Hi Scrachit.  Welcome to the conversation.  Liquidity near the market is important to stabilizing the price over time.  I think, compared to many alt-coins, that DGB has a strong average volume.  I personally believe the volume will increase over the coming months.  But, the increase in volume needs to be because of natural supply and demand, not just artificially created by people who hold positions.

[24hralttrade]

Allot of mining hardware thats on the market right now is quit new and expensive.
I believe a big group of the miners want there investment back before they start holding the coins.

[EPLDCC]

Allot of mining hardware thats on the market right now is quit new and expensive.
I believe a big group of the miners want there investment back before they start holding the coins.

I agree.  If a person puts up $1,000 or $3,000 or $5,000 for equipment, and then incurs a hundred dollars a month (or more) for electricity to turn it on, there's a strong motivation to mine the most profitable coin and sell.  Years ago mining was hugely profitable (mostly people mining BTC before it took off in 2013).  Even from late 2013 to early 2014, mining script in LTC and DOGE was easy profits.  Over the past year, the mining market has changed, and I think we've entered a new paradigm.  It's closer to investing in bonds, with a 3% return over 9-12 months. 

[Jumbley]

Allot of mining hardware thats on the market right now is quit new and expensive.
I believe a big group of the miners want there investment back before they start holding the coins.

Hell will freeze over before a lot of them get anywhere near making their investment back, I'm afraid far too many things went wrong and frightened the general public away. There are signs of things picking up again slowly but too slowly for most miners.

[sammy007]

2 questions:

- Any testnet nodes?
- Any testnet nodes?