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

[HR]

Question: if I were to buy a scrypt or sha ASIC miner NEW, not used, what would you recommend?

Only buy miner for purpose of securing DGB network because buying coins for same price on market will get many more coins for you unless you have free electricity.

But what hardware would you recommend? What's available on the market right now? That's new and ships immediately?

[HR]

@DigiByte,

There's an old saying that goes, "ask and you shall receive". Well, I do my part by asking. 


I don't see any link to www.digibyte.co on the OP. If it's not just the case that I'm blind, could we get a prominent www.digibyte.co on the OP?

And one other request along the same lines (you know I never ask for just one item), could we also get the following "Useful Links" on the OP like we have them on the website?

    DigiByte Group
    DigiByte Wiki
    DigiByte Price Ticker
    Asistec-Ti
    Coin Gecko
    Coin Market Cap
    Crypt Market Cap
    CoinWarz
    DigiByte Distribution
    CoinDesk
    CoinTelegraph
    CryptoCoin News

I've set this up so that it's a quick cut and paste for you if you think it's a good idea.

[Jumbley]

Question: if I were to buy a scrypt or sha ASIC miner NEW, not used, what would you recommend?

It's hard to say, I have what I have and I'm not in the market for anything new really but on a much smaller and affordable scale for DigiByte Knights at home probably something like Bitmain U3 because it has been mass produced by a company that has, on the whole, did what it said it would on the tin.
https://bitmaintech.com/productDetail.htm?pid=00020150109104550452NTD3NdYY0669

This is not as power efficient as some of the kit being run by large mining operators but most of them are seriously chasing Bitcoin.
So, It would also require you to buy DGB at the same time as mining to help really put the pressure on, perhaps you could buy at least equivalent amounts to what you mined.
If only somehow we could convince the community to do this as we grew in numbers. I think a device like this would probably mine maybe 2000 DGB today.

The efficiency of asics are being pushed to their limits behind closed doors and I think it is entirely likely that they will end up in everyday products in the future. The investment behind this is massive!
There are so many variables in this business it really isn't funny.

Most ASIC manufacturers have moved firmly away from supplying the general public as Bitcoin mining has become predominantly a commercial exercise. The big boys have definitely moved in and they are playing for keeps. We really would need to rally and put up some serious network speeds to have any chance 'at all' of putting any flies in their ointment.

I think renewable energy should be at the forefront of miners minds, the world is capable of producing it now if it chose and it's pretty low tech everyone that isn't stupid can see why we don't.

[thsminer]

Question: if I were to buy a scrypt or sha ASIC miner NEW, not used, what would you recommend?

Only buy miner for purpose of securing DGB network because buying coins for same price on market will get many more coins for you unless you have free electricity.

But what hardware would you recommend? What's available on the market right now? That's new and ships immediately?

There is little choice atm. If you want to buy new, the bitmain S5 machines are pretty power efficient and have a decent track record.
 

[Jumbley]

Question: if I were to buy a scrypt or sha ASIC miner NEW, not used, what would you recommend?

Only buy miner for purpose of securing DGB network because buying coins for same price on market will get many more coins for you unless you have free electricity.

But what hardware would you recommend? What's available on the market right now? That's new and ships immediately?

There is little choice atm. If you want to buy new, the bitmain S5 machines are pretty power efficient and have a decent track record.
 

https://bitmaintech.com/productDetail.htm?pid=00020150303095018716e2uWKIA70662

[Sharkzz1]

Ready to go. Any final suggestions?

http://asistec-ti.com/tba/midyearreport2015.htm

Hi HR,

What do you mean with the 50.000 to 1 longterm appreciation potential?
I don't understand what that means

[HR]

Ready to go. Any final suggestions?

http://asistec-ti.com/tba/midyearreport2015.htm

Hi HR,

What do you mean with the 50.000 to 1 longterm appreciation potential?
I don't understand what that means

http://asistec-ti.com/tba/pricecalcs2015.htm
https://bitcointalk.org/index.php?topic=408268.msg11896304#msg11896304

And thanks guys for the ASIC info. Looks like about a 1 year ROI if you're mining DGB. Yeah, it looks like the ASIC's are actuallly operating at a profit. My "ASIC math" was bad - it had been a while since I had looked at this closely - and WhatToMine's numbers look good to me. In any event, the phenomenon is still very clear: when DGB was trading at 50 SAT it was at the top of the profitability list for ASIC's. Now it's been knocked down to a more average coin price, for ASIC's.

Eliminate the ASIC's and breakeven on the other algos looks to be something somewhere around 100 SAT. The default settings for GPU's on WhatToMine do not exactly correspond with my experience - for example my same machine hashrate equivalents for Groestl - Skein - Qubit are 10 MH/s - 30 MH/s - 1.15 MH/s respectively. My numbers could be out of date if a new or more efficient miner has been developed without my having heard about it (which is very possible since this really only gets my hobby time).

[HR]

delete

wrong place - bad post, and no pretty chick handy to fill in   

[Danslip]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte. 
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

[MemberCount+1]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

you forget the supply over the time line. ;-) (When reached the bitcoin 21millon goal ...)
compare with DOGE, it is more than 8 times overrated

[thsminer]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte. 
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

[Danslip]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

[Acidyo]

What will the price be in 3 weeks?

[MemberCount+1]

What will the price be in 3 weeks?

maybe 20sat

[TamiLee]

What will the price be in 3 weeks?

maybe 20sat

Just place buy orders on cryptsy to get coins cheaper. Bittrex prices are 4-8% higher most days

[thsminer]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 319 why isn't the price 1/319th of a Bitcoin?

[HR]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 318 why isn't the price 1/318th of a Bitcoin?

Perception.

For some reason, there's a generally held negative perception on the buy side (in the marketplace anyway). It's hard to say exactly why. Most likely it's not any one thing in particular, but the sum of a combination of things, most of which, if not all, are included in the long list of things talked about here in recent times.

And, of course, on the sell side, the ASIC zombies that sell automatically at any price without thinking (in combination with those who purchased at highs, can't stomach the pain, and are now selling at huge losses - you know, the P&D phenomenon that DGB supposedly works so hard against).

Solutions? There has been at least one suggested possible solution for each perceived problem, at least one, and they're all here in this thread, some having been discussed, others completely ignored, and I'm not going to start repeating them again - that just puts me in a bad mood.

. . . maybe once we begin to see some of the smaller, easier to tackle, teeny tiny details being addressed . . .

This kind of thing just makes me furious since on the surface it looks like deliberate, quiet period manipulation that inherently, by definition, implies no concern what-so-ever for the shareholders.  

[Jumbley]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 318 why isn't the price 1/318th of a Bitcoin?

Perception.

For some reason, there's a generally held negative perception on the buy side (in the marketplace anyway). It's hard to say exactly why. Most likely it's not any one thing in particular, but the sum of a combination of things, most of which, if not all, are included in the long list of things talked about here in recent times.

And, of course, on the sell side, the ASIC zombies that sell automatically at any price without thinking (in combination with those who purchased at highs, can't stomach the pain, and are now selling at huge losses - you know, the P&D phenomenon that DGB supposedly works so hard against).

Solutions? There has been at least one suggested possible solution for each perceived problem, at least one, and they're all here in this thread, some having been discussed, others completely ignored, and I'm not going to start repeating them again - that just puts me in a bad mood.

. . . maybe once we begin to see some of the smaller, easier to tackle, teeny tiny details being addressed . . .

This kind of thing just makes me furious since on the surface it looks like deliberate, quiet period manipulation that inherently, by definition, implies no concern what-so-ever for the shareholders.  

My advice would be; don't be fooled into giving up your dgb down here because that is what the game is and take advantage of the offloading zombies while you can.

[CRYPTONAIRE]

Good advice Jumbley.  That's exactly what I am doing. 

[bogglor]

Another interesting stat to take into account.

Real bitcoin Amount vs Real Digibyte Amount in ratio:

Current date:   For every 1 bitcoin today there is 318 digibyte.  
Total Coins:     For every 1 bitcoin (21 million) in existence there will be 1000(21 Billion) digibyte.

With time digibytes ratio to amount of bitcoins will increase over 3 fold which could ultimately mean more price pressure to come over the next few years.

Can you please explain, I don't get the relation between the Bitcoin supply and Digi supply...

4,591,800,991 (DGB) / 14,394,225 (btc) = 319

In time there will be more dgb per bitcoin until an exact ratio of 1:1000 is reached after PoW phase is completed for both coins.

If 1 Bitcoin relates to DGB as 1 to 319 why isn't the price 1/319th of a Bitcoin?

Think of it this way:

One day I get a great idea. Make coupons that anyone in the world can exchange for any item anywhere. It's like a new sort of money! I post on the internet about it, and alot of other people like the idea. We work out a way to make them not able to be counterfeited and mark these coupons so everyone knows they only came from our "New Money Coupon" group and decide to only print them at a certain rate for a limited amount of time. One day we start printing out these coupons. About a year and a half later between all of us we have all managed to print out about 4.5 billion of them.

One day, I'm feeling pretty proud of myself, so I take my one of my coupons to a local coffee shop that I know accepts Bitcoin. I walk up to the counter, hand them my coupon and say "I would like a coffee please". The person behind the counter won't give me anything because to them my coupon is worthless. I'm feeling pretty bummed out, so I go to McDonalds, and the same thing happens. I try a couple other businesses, but nobody will take my coupon and give me anything.

That's why 1 DGB isn't worth 1/319 of bitcoin.