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

[Jumbley]

I suspect that all the alt coins markets are currently manipulated by an entity that mines the particular coin in question and then uses to proceeds to push down the price keeping it less profitable than bitcoin. This would explain the massive swings in network speed of coin being manipulated because profit is certainly not the incentive, they seem to be doing a very good job at it. It would take all of the DigiByte community to hold all of their coins for quite some time as well as many new members joining the community and buying up DigiByte to throw a spanner in the works and make this unsustainable.  

edit: on top of bringing many new sha miners to the DigiByte party! 

[1714700878]

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[1714700878]

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[ReSl]

Does the DigiByteTip Website working or is it not updated yet?

Tested and not working atm.

Thx for testing ;saw it on twitter! For me not working as well! Hope they will fix it soon.

[Timon2010]

Hi, this is my first time posting in this thread. I want to tell you that I will soon invest some money in this coin.
With its features this coin has potential to make it. I have since yesterday started to mine with my old 60+ Ghs Asic to earn some
coins and support the network at same time. They would have just standing there gathering dust otherwise. 

[Jumbley]

Hi, this is my first time posting in this thread. I want to tell you that I will soon invest some money in this coin.
With its features this coin has potential to make it. I have since yesterday started to mine with my old 60+ Ghs Asic to earn some
coins and support the network at same time. They would have just standing there gathering dust otherwise. 

Fantastic Timon and welcome. 

[ReSl]

Hi, this is my first time posting in this thread. I want to tell you that I will soon invest some money in this coin.
With its features this coin has potential to make it. I have since yesterday started to mine with my old 60+ Ghs Asic to earn some
coins and support the network at same time. They would have just standing there gathering dust otherwise.  

Hi, welcome to Digibyte. Of course the coin is great and has lot of potential. Cool that you posting here. Get your rig cleaned up and throw some hash to support the network. Which pool you gonna join?
We got 5.41 TH on official DigiByte Pool. 3% fee to support development!

[Timon2010]

Thanks guys, I started with TBF pool. I will move over to the official DGB pool later tonight. Btw, it's SHA Asic, so mostly for fun and support.

[Jumbley]

@ReSl pm'd 

[ReSl]

@ReSl pm'd 

Yap will check! 

[ReSl]

Thanks guys, I started with TBF pool. I will move over to the official DGB pool later tonight. Btw, it's SHA Asic, so mostly for fun and support.

Cool, sorry for wrong info. DGB official pool got a bit more... happy mining

digibyte-sha256    sha256    16    21091707    517040    1372    5    1359    0    10.47 TH

[CryptoRaver]

Sorry for the shameless plug!

Great info NEMcoin!

Welcome to DigiByte
How can we help you

[Jumbley]

DigiByte needs as many ol' skool miners, to plug in their old inefficient miners and mine DGB at a loss, as it can lay it's hands on!

The DigiHash pool is cool.

[Jumbley]

Sorry for the shameless plug!

Great info NEMcoin!

Welcome to DigiByte
How can we help you

umm...http://www.infoworld.com/article/2608786/application-security/application-security-how-to-solve-java-s-security-problem.html

[Timon2010]

DigiByte needs as many ol' skool miners, to plug in their old inefficient miners and mine DGB at a loss, as it can lay it's hands on!

The DigiHash pool is cool.

Hashin' iz fun Just switched to DigiHash pool, with TBF as failover pool.

[HR]

Mining is way cool. It's the essence of Crypto.

http://asistec-ti.com/phpbb/viewforum.php?f=25 Everyone's invited.  

@24hr, looking forward to seeing what you're working on!

[24hralttrade]

Very intresting 
http://bitcoinist.net/bitcoin-future-micropayments/

[Jumbley]

Very intresting  
http://bitcoinist.net/bitcoin-future-micropayments/

Really can't believe that someone hasn't put in the comments; No bitcoin is not the future of micropayments DigiByte is

or is Bitcoin about to fork to a Digibyte clone?  

[EPLDCC]

Love this coin but I'm starting to think it's time to move most of my SHA mining back to bitcoin. The algo appears to be weighted too heavily against asic especially SHA. I know that has been intentional but I suspect this will hold DGB back in the long run because I believe DGB needs a much higher proportion of the SHA network for security and I don't believe it will be taken seriously enough without it. With equipment that cost over $36000 at the beginning of last year, I'm mining perhaps $9 a day worth of DigiByte compared with $12 of Bitcoin, Around the 60 sat it's relatively even. If I had to pay for all the electricity I was using, I wouldn't mine anything, I'd just buy Bitcoin with what I was prepared to spend on electricity. If I was to continue down the path I've wondered, I would soon find myself in territory of loosing more than I'm prepared to lose, so the next game I will be playing is probably the waiting game.    

conclusion: "No one 'honest' made any money out of Bitcoin in 2014."    

Hi Jumbley.  I've also noticed the weighting against SHA (and it seems scrypt a bit as well).  groestl seems to find a huge number of blocks comparatively.  I'm not complaining.  Like you, I also understand the objective.  I completely understand your points about moving back to mining BTC and - I guess just trading for DGB from the mining rewards.  But, because I don't mine SHA, I'm not going to move my equipment back to mining other scrypt coins.  I'm not as obsessive with mining as I have been in the past.  Anymore, I run my equipment when I decide to run it (or remember to turn it on) ... here and there ... I don't run it enough to worry anymore about returns or costs.  It's nice to get some DGB.

You mentioned 60 sat.  Clearly, the trade value effects most peoples' mining decisions.  We (meaning the DGB community) clearly see exchange volume from 2 primary places.  (1) From miners.  And, (2) from active traders (and investors).  Probably there's lots of overlap between those 2 categories.  But, there's also probably some problems that come from the situation.  A couple of weeks ago, I was reading an interesting article about market microstructures and symmetry assumptions in predicting stock price, or evaluating price manipulation (the article is a bit dated - 1992 - but it was interesting).  Basically, the general assumption is that over time there is relative symmetry between buyers and sellers in an exchange ... but this assumption can be wrong.  When there is an asymmetric relationship it leads to differences in the way buy and sell orders effect the bid and ask prices.  The article looked at the role of "liquidity traders" ... people who have to sell for external reasons (i.e. miners who have to sell to cover costs of electricity).  The problem with liquidity traders (miners who mostly sell) is that they have less choice of time and price than buyers.  Buyers can CHOOSE when they buy, and at what price they are willing to buy.  But, a person who NEEDS to sell to cover costs doesn't have as much choice about time or price.  Therefore the sell orders and buy orders effect the price movement in unequal ways.  We can see the effects of liquidity traders in DGB through the number of small sell orders placed throughout the day, whereas buy orders usually seem to be larger and less frequent.

What would be fantastic is if DGB could work toward implementing difficulty and variations between the different mining algorithms in a way that protected both the network and the value of the coin.  Although that would be impossible to perfectly achieve, it would be really cool.  And, while I have no idea how it could be achieved, I'm sure that someone smarter than me could test it out.  I suppose the best solution will just happen over time as we add additional variables to the analysis of trade ... (i.e. stores and people buying DGB to spend).

[Jumbley]

Love this coin but I'm starting to think it's time to move most of my SHA mining back to bitcoin. The algo appears to be weighted too heavily against asic especially SHA. I know that has been intentional but I suspect this will hold DGB back in the long run because I believe DGB needs a much higher proportion of the SHA network for security and I don't believe it will be taken seriously enough without it. With equipment that cost over $36000 at the beginning of last year, I'm mining perhaps $9 a day worth of DigiByte compared with $12 of Bitcoin, Around the 60 sat it's relatively even. If I had to pay for all the electricity I was using, I wouldn't mine anything, I'd just buy Bitcoin with what I was prepared to spend on electricity. If I was to continue down the path I've wondered, I would soon find myself in territory of loosing more than I'm prepared to lose, so the next game I will be playing is probably the waiting game.    

conclusion: "No one 'honest' made any money out of Bitcoin in 2014."    

Hi Jumbley.  I've also noticed the weighting against SHA (and it seems scrypt a bit as well).  groestl seems to find a huge number of blocks comparatively.  I'm not complaining.  Like you, I also understand the objective.  I completely understand your points about moving back to mining BTC and - I guess just trading for DGB from the mining rewards.  But, because I don't mine SHA, I'm not going to move my equipment back to mining other scrypt coins.  I'm not as obsessive with mining as I have been in the past.  Anymore, I run my equipment when I decide to run it (or remember to turn it on) ... here and there ... I don't run it enough to worry anymore about returns or costs.  It's nice to get some DGB.

You mentioned 60 sat.  Clearly, the trade value effects most peoples' mining decisions.  We (meaning the DGB community) clearly see exchange volume from 2 primary places.  (1) From miners.  And, (2) from active traders (and investors).  Probably there's lots of overlap between those 2 categories.  But, there's also probably some problems that come from the situation.  A couple of weeks ago, I was reading an interesting article about market microstructures and symmetry assumptions in predicting stock price, or evaluating price manipulation (the article is a bit dated - 1992 - but it was interesting).  Basically, the general assumption is that over time there is relative symmetry between buyers and sellers in an exchange ... but this assumption can be wrong.  When there is an asymmetric relationship it leads to differences in the way buy and sell orders effect the bid and ask prices.  The article looked at the role of "liquidity traders" ... people who have to sell for external reasons (i.e. miners who have to sell to cover costs of electricity).  The problem with liquidity traders (miners who mostly sell) is that they have less choice of time and price than buyers.  Buyers can CHOOSE when they buy, and at what price they are willing to buy.  But, a person who NEEDS to sell to cover costs doesn't have as much choice about time or price.  Therefore the sell orders and buy orders effect the price movement in unequal ways.  We can see the effects of liquidity traders in DGB through the number of small sell orders placed throughout the day, whereas buy orders usually seem to be larger and less frequent.

What would be fantastic is if DGB could work toward implementing difficulty and variations between the different mining algorithms in a way that protected both the network and the value of the coin.  Although that would be impossible to perfectly achieve, it would be really cool.  And, while I have no idea how it could be achieved, I'm sure that someone smarter than me could test it out.  I suppose the best solution will just happen over time as we add additional variables to the analysis of trade ... (i.e. stores and people buying DGB to spend).

Hey E. I was wondering where you were lately, nice to hear from you. Don't worry I won't be mining BTC really, I am really trying to support DigiByte network was even thinking about putting up a 10millionDGB neverspend!
There is no point mining if you have to dump to pay for it, I think there is something else going on too.

[CryptoRaver]

Very intresting  
http://bitcoinist.net/bitcoin-future-micropayments/

Really can't believe that someone hasn't put in the comments; No bitcoin is not the future of micropayments DigiByte is

or is Bitcoin about to fork to a Digibyte cloan?  

DigiByte the coin the all wanna clone

[Timon2010]

Made one more wallet on another PC and made a transaction to witness how fast I got the first confirmation. Was Ultraspeed compare to Bitcoin. This could be even faster with the next coming fork where the expected blocktime is 15s. Hopefully we don't sacrifice any part of security with this change.

I personally think any crypto to have a chance to make it mainstream must at least meet these two conditions:
Fast confirmation and high limit of TPS (Transactions Per Second) and DigiByte has them. Multi-algo for Cpu, Gpu and Asic which in theory everyone can compete is a very important bonus. These things tell us that the team is serious with the coin and things they do are for longveity, for the future.