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

[dygus]

C'mon pumper, dump this shit to 10 sats, cause I'm waiting there.

Guess we'll never see it again ^^

ok, so to 20 sats

[dygus]

C'mon pumper, dump this shit to 10 sats, cause I'm waiting there.

In a future you will write 100 or 1000 sats :-). So you better buy it now when is cheap...

I love this advice from 1 activity accounts

[iikun]

C'mon pumper, dump this shit to 10 sats, cause I'm waiting there.

In a future you will write 100 or 1000 sats :-). So you better buy it now when is cheap...

I love this advice from 1 activity accounts

Yes, often it's better advice than that from 714 activity accounts!

[HR]

There is not a set formula for mining profitability.  I thought your analysis was interesting HR.  However, it didn't match my real world data using scrypt ASIC.  Mining can't be analyzed as an independent activity from trading or from a larger systemic approach to investing, supporting, and engaging with DGB.  I spent a significant amount of money on my current ASIC rig.  Around the time it was delivered, the support forums for the company were filled with people saying that it could never be profitable.  Here I am, 2 calendar years later, and I'm still theoretically in profits mining DGB.  I say theoretically because I don't sell to pay for operating costs.

Your work with support and analysis is fantastic.  It is a huge benefit to have you working on behalf of DGB.

To directly address the points in your previous post ... GPU (and CPU) can be profitable.  Clearly it's not the best choice if you try to compete directly with ASIC.  But, it can squeak out a a profit with the non-ASIC algorithms when it is done with care and thought in the process of mining DGB.  ASIC mining is not necessarily bad.  Neither is GPU or CPU necessarily good.  ASICs are a part of our world.

At DGB we have a great diversity of mining and support within our community.  The diversity adds value to DGB.

We all get frustrated sometimes.  It happened to me from December through January.  I just felt like no matter what I wrote here or tried I was pissing into the wind.  I was disheartened, but it wasn't about DGB.

We are here as a DigiByte community to support and encourage and grow.  Everyone here contributes and adds value to our community.  We disagree.  We agree.  We argue.  We build.  We develop.  We support.  We are all committed to the success of DGB.  I think it's great that we have seen some new members of the community expressing interest in mining and supporting DGB.  To all the new members of our community ... we are here to help you.  DigiByte has a bright future.  I believe we will have plenty of challenges on the way, but we'll get there.

The analysis was done using The Blocks Factory data using national average US electricty costs and can be confirmed by anyone with basic math skils wishing to do so. (You can pass that on to Jombley so he does't feel hurt.) The results show that SHA mining is profitable at current prices (on an ex-hardware investment basis) and the clear implication is that GPU mining could be profitable if SHA were NOT present since price would adjust accordingly.

Nice to see someone actually addressing the matter head on and logically BTW. :-)

[TenaciousC]

I've always been surprised on how friendly and helpful the Digibyte community has been... but it seems each man has his limits...
Agreed, this pumper is annoying and is clearly manipulating Digibyte down at the moment, let him, means cheaper DGB for all of us and he'll will need to let her fly anyway... hell, she might even breakout without him as Digibyte is getting more and more attention with traders nowadays.

Anyway, Digibyte dev team and community are a unique group, almost never tainted by FUD or inner fighting crap... let's keep it this way!

[Darkoth89]

Why to much block SHA256 on Node Stratum Pool pending?

Yep, there are some big payouts waiting to happen there on digihash pool! I would have thought it would have been pushed out by now as it was reported yesterday but I have total confidence it will be eventually. 

Yeah.. Still waiting and nothing from the devs. 

[24hralttrade]

Why to much block SHA256 on Node Stratum Pool pending?

Yep, there are some big payouts waiting to happen there on digihash pool! I would have thought it would have been pushed out by now as it was reported yesterday but I have total confidence it will be eventually. 

Yeah.. Still waiting and nothing from the devs. 

Reported in a personal message to jared, Please wait a little longer it will come.

[ghostycc]

Seems like we've got strong support around 50's now

[bobthenager]

Just grabbed 8 million out of that 8btc wall @55 sats, the rest was quickly removed and placed higher lol.

[ghostycc]

Just grabbed 8 million out of that 8btc wall @55 sats, the rest was quickly removed and placed higher lol.

Stop helping the price to go up for now please xD
Still want to buy more and more cheaper ^^

[HR]

There is not a set formula for mining profitability.  I thought your analysis was interesting HR.  However, it didn't match my real world data using scrypt ASIC.  Mining can't be analyzed as an independent activity from trading or from a larger systemic approach to investing, supporting, and engaging with DGB.  I spent a significant amount of money on my current ASIC rig.  Around the time it was delivered, the support forums for the company were filled with people saying that it could never be profitable.  Here I am, 2 calendar years later, and I'm still theoretically in profits mining DGB.  I say theoretically because I don't sell to pay for operating costs.

Your work with support and analysis is fantastic.  It is a huge benefit to have you working on behalf of DGB.

To directly address the points in your previous post ... GPU (and CPU) can be profitable.  Clearly it's not the best choice if you try to compete directly with ASIC.  But, it can squeak out a a profit with the non-ASIC algorithms when it is done with care and thought in the process of mining DGB.  ASIC mining is not necessarily bad.  Neither is GPU or CPU necessarily good.  ASICs are a part of our world.

At DGB we have a great diversity of mining and support within our community.  The diversity adds value to DGB.

We all get frustrated sometimes.  It happened to me from December through January.  I just felt like no matter what I wrote here or tried I was pissing into the wind.  I was disheartened, but it wasn't about DGB.

We are here as a DigiByte community to support and encourage and grow.  Everyone here contributes and adds value to our community.  We disagree.  We agree.  We argue.  We build.  We develop.  We support.  We are all committed to the success of DGB.  I think it's great that we have seen some new members of the community expressing interest in mining and supporting DGB.  To all the new members of our community ... we are here to help you.  DigiByte has a bright future.  I believe we will have plenty of challenges on the way, but we'll get there.

The analysis was done using The Blocks Factory data using national average US electricty costs and can be confirmed by anyone with basic math skils wishing to do so. (You can pass that on to Jombley so he does't feel hurt.) The results show that SHA mining is profitable at current prices (on an ex-hardware investment basis) and the clear implication is that GPU mining could be profitable if SHA were NOT present since price would adjust accordingly.

Nice to see someone actually addressing the matter head on and logically BTW. :-)

Another possibility to make the playing field even leveler so as to increase relative profitability between algos, and thereby further incentive "average guy" mining and a more widely distributed and secure network in turn, would be to reduce SHA payouts by 75% and scrypt by 25%.

Everything would truly be equal then, and those beloved SHA miners would still be a part of the "community", BUT WITHOUT SUBSIDIZED FAVORITISM!

Anyone have a problem with the concept of equal opportunity? Especially considering it's even in DGB's best interest?

Doubters and out of hand disqualifiers, confirm the numbers on your own, or if you're too lazy, just ask the Devs if those payout differences are correct or not - they should know . . . and if they don't, it's high time they did!

Again, the raw data is there for anyone with the courage to look and the ability to do basic math. There's no subjectivity involved, much less mystery.

I've crunched the numbers, partly because I was curious, and partly because I'm a nice guy who wants to lend a hand.

At current rewards, in order to mine 5000 DGB with modern SHA-256 ASIC equipment, you'll need ~2.4 kWh. With modern Scrypt ASIC equipment you'll use ~7.5 kWh. And with the GPU algos (all very similar) you'll consume ~9.9 kWh.

As you can see, there is quite a bit of difference between SHA-256 and GPU, but whether that difference is enough to cover your fixed hardware investment or not, that is if you buy an Antminer or not and can reach ROI, for example, is up to you to figure out.
The difference between scrypt ASIC and GPU is much less pronounced, but if you've already got a gaming rig set up, it probably won't take too much convincing to just use what you've got and get with installing and configuring your miner since we're only talking about 30-40 cents a day of difference.  

Edit: I've always been in favor of rotating out SHA-256 and substituting it with a more widely distributed friendly algo BTW.

And between here and there, some 80 posts or so, much of which is reactionary nonsense meant to distract attention away from something possibly extremely beneficial for DigiByte, there are other other bits and pieces of information and words to the wise.

[Jumbley]

There is not a set formula for mining profitability.  I thought your analysis was interesting HR.  However, it didn't match my real world data using scrypt ASIC.  Mining can't be analyzed as an independent activity from trading or from a larger systemic approach to investing, supporting, and engaging with DGB.  I spent a significant amount of money on my current ASIC rig.  Around the time it was delivered, the support forums for the company were filled with people saying that it could never be profitable.  Here I am, 2 calendar years later, and I'm still theoretically in profits mining DGB.  I say theoretically because I don't sell to pay for operating costs.

Your work with support and analysis is fantastic.  It is a huge benefit to have you working on behalf of DGB.

To directly address the points in your previous post ... GPU (and CPU) can be profitable.  Clearly it's not the best choice if you try to compete directly with ASIC.  But, it can squeak out a a profit with the non-ASIC algorithms when it is done with care and thought in the process of mining DGB.  ASIC mining is not necessarily bad.  Neither is GPU or CPU necessarily good.  ASICs are a part of our world.

At DGB we have a great diversity of mining and support within our community.  The diversity adds value to DGB.

We all get frustrated sometimes.  It happened to me from December through January.  I just felt like no matter what I wrote here or tried I was pissing into the wind.  I was disheartened, but it wasn't about DGB.

We are here as a DigiByte community to support and encourage and grow.  Everyone here contributes and adds value to our community.  We disagree.  We agree.  We argue.  We build.  We develop.  We support.  We are all committed to the success of DGB.  I think it's great that we have seen some new members of the community expressing interest in mining and supporting DGB.  To all the new members of our community ... we are here to help you.  DigiByte has a bright future.  I believe we will have plenty of challenges on the way, but we'll get there.

The analysis was done using The Blocks Factory data using national average US electricty costs and can be confirmed by anyone with basic math skils wishing to do so. (You can pass that on to Jombley so he does't feel hurt.) The results show that SHA mining is profitable at current prices (on an ex-hardware investment basis) and the clear implication is that GPU mining could be profitable if SHA were NOT present since price would adjust accordingly.

Nice to see someone actually addressing the matter head on and logically BTW. :-)

Another possibility to make the playing field even leveler so as to increase relative profitability between algos, and thereby further incentive "average guy" mining and a more widely distributed and secure network in turn, would be to reduce SHA payouts by 75% and scrypt by 25%.

Everything would truly be equal then, and those beloved SHA miners would still be a part of the "community", BUT WITHOUT SUBSIDIZED FAVORITISM!

Anyone have a problem with the concept of equal opportunity? Especially considering it's even in DGB's best interest?

Doubters and out of hand disqualifiers, confirm the numbers on your own, or if you're too lazy, just ask the Devs if those payout differences are correct or not - they should know . . . and if they don't, it's high time they did!

Again, the raw data is there for anyone with the courage to look and the ability to do basic math. There's no subjectivity involved, much less mystery.

I've crunched the numbers, partly because I was curious, and partly because I'm a nice guy who wants to lend a hand.

At current rewards, in order to mine 5000 DGB with modern SHA-256 ASIC equipment, you'll need ~2.4 kWh. With modern Scrypt ASIC equipment you'll use ~7.5 kWh. And with the GPU algos (all very similar) you'll consume ~9.9 kWh.

As you can see, there is quite a bit of difference between SHA-256 and GPU, but whether that difference is enough to cover your fixed hardware investment or not, that is if you buy an Antminer or not and can reach ROI, for example, is up to you to figure out.
The difference between scrypt ASIC and GPU is much less pronounced, but if you've already got a gaming rig set up, it probably won't take too much convincing to just use what you've got and get with installing and configuring your miner since we're only talking about 30-40 cents a day of difference.  

Edit: I've always been in favor of rotating out SHA-256 and substituting it with a more widely distributed friendly algo BTW.

And between here and there, some 80 posts or so, much of which is reactionary nonsense meant to distract attention away from something possibly extremely beneficial for DigiByte, there are other other bits and pieces of information and words to the wise.

Firstly, I have no problem whatsoever in attempting to level the playing field, it’s what attracted me to DigiByte in the first place. HR, you need to lay out your workings to be scrutinised, it is simply just not good enough to say it’s there for everyone to see, blocksfactory data bla bla bla. That’s like saying there is proof of god in nature around us, for all to see.  What happens if we double the work done by any one of the five algorithms currently being used. How does that change the numbers you are looking at?

[bitkapp]

I've always been surprised on how friendly and helpful the Digibyte community has been... but it seems each man has his limits...
Agreed, this pumper is annoying and is clearly manipulating Digibyte down at the moment, let him, means cheaper DGB for all of us and he'll will need to let her fly anyway... hell, she might even breakout without him as Digibyte is getting more and more attention with traders nowadays.

Anyway, Digibyte dev team and community are a unique group, almost never tainted by FUD or inner fighting crap... let's keep it this way!

Thanks! Greatly appreciated, we all try our best to form a positive image around DGB

Why to much block SHA256 on Node Stratum Pool pending?

Yep, there are some big payouts waiting to happen there on digihash pool! I would have thought it would have been pushed out by now as it was reported yesterday but I have total confidence it will be eventually. 

Yeah.. Still waiting and nothing from the devs. 

I will ask Jared for you.

Seriously guys? PM! Get this negativity off the forum.

Yes please this negativity is unnecessary, can both HR and Jumbley please make sure to continue their discussion off this thread.

[benjamoyne]

I've always been surprised on how friendly and helpful the Digibyte community has been... but it seems each man has his limits...
Agreed, this pumper is annoying and is clearly manipulating Digibyte down at the moment, let him, means cheaper DGB for all of us and he'll will need to let her fly anyway... hell, she might even breakout without him as Digibyte is getting more and more attention with traders nowadays.

Anyway, Digibyte dev team and community are a unique group, almost never tainted by FUD or inner fighting crap... let's keep it this way!

Thanks! Greatly appreciated, we all try our best to form a positive image around DGB

Why to much block SHA256 on Node Stratum Pool pending?

Yep, there are some big payouts waiting to happen there on digihash pool! I would have thought it would have been pushed out by now as it was reported yesterday but I have total confidence it will be eventually. 

Yeah.. Still waiting and nothing from the devs. 

I will ask Jared for you.

Seriously guys? PM! Get this negativity off the forum.

Yes please this negativity is unnecessary, can both HR and Jumbley please make sure to continue their discussion off this thread.

HR and Jumbley your both ignored.

As you have both been told, take it to PM.

[Jumbley]

What I acknowledge is that sha ASIC miners are more efficient; they were designed to be and simply would not exist if they were not. I do not dispute this fact!
 
What I was trying to get across was that although, they have this advantage, sha miners can only achieve 20% of the blocks created on DigiByte. This means that they are in competition with the other sha miners and not the other algorithms!

I have no interest in subverting this thread, I would have thought that was obvious but apparently not. What I thought I was doing was offering healthy debate; I always consider the possibility of being wrong, after all I’m only human. What I get for it is abuse, I don’t like this current situation any more than anyone else. Maybe you would all be happier if I just popped in from time to time and said things like MOON! Well forget that, leave me on ignore. I know HR would currently like me to just go fms and I’m disappointed he has taken this stance, I used to really respect the guy but respect is a two way thing.

So sorry everyone for the mess but I can only keep my own behavior in check!

[ghostycc]

I would like to see such motivation and debate on ideas about how to help Digibyte to reach the top and be useful in everyday life.
It would be very constructive ^^

[Steal]

Hello, I inform you that DigiByte will soon be accepted in our store located in France
This will facilitate overseas payments

This is a shop that sells decorative mirrors. with new concept soon

Prices will be displayed soon DigiByte / Euro

Thank you for your support (like this page please).
https://www.facebook.com/Lart-du-verre-et-du-miroir-lAtelier-de-Marina-1169470346399129/?fref=ts

[Th3P]

Nice to see Jared name among the speakers

Well done Jared! - http://bitcoinconference.co.za/speakers/

[24hralttrade]

Nice to see Jared name among the speakers

Well done Jared! - http://bitcoinconference.co.za/speakers/

Yes yes! and more events coming 

[esotericizm]

Nice to see Jared name among the speakers

Well done Jared! - http://bitcoinconference.co.za/speakers/

Yes yes! and more events coming 

I'm really looking forward to hearing what Jared has to say here.