These algo issues are just annoying. Try not to be the "monday morning quarterback", I'm guessing you didn't predict this either.
The team @DGB has proven over and over their commitment and competency. This should be a relatively simple fix for them.
My 2 options to solve these algo worries.
1) Add masternodes. Think of the functionality added here for all DigiByte services. Point of sale sytems running as a MN giving the vendor another reason to use and support DGB.
2) Merge mine with BTC on sha256. This gets rid of the whiny miners. attn miners: no disrespect, i started as a miner in 2014.
Combined, the above equals being free of "asic anxiety" and a huge value add both in real world functionality as well as marketcap.
Sounds like you started mining at a similar time to me, was it ‘late’ when your hardware eventually arrived?
I’m so glad I eventually ended up pointing my miners at DigiByte and continued well after they weren’t even good for that!
I’ve been against the merging of SHA256 in the past but maybe I’m coming round to the idea now.
In its favour, it will most probably improve 51% attack security but this practically ensures centralized mining, perhaps which may be just inevitable though.
SHA256 is the algorithm I started mining DigiByte with, in the true spirit of supporting the project back then.
I held all of them, actually no that’s not true because millions were lost through carelessness, until market forces practically forced me to sell recently in what looked ‘obviously’ like an overbought market.
Before that, fortunately I’d also used the disappointing amount of Bitcoin that had been mined with the same machines to buy DigiByte!
In any case, I’m very happy with the choices that I made.
Getting round to my point which is, I was genuinely supporting DigiByte with my miners and not flooding the coins onto the market and I’m uncertain about perhaps removing this opportunity for others or pulling the carpet out from under the feet of people doing this for the same reason but it could just be that these people don’t really even exist anymore.
I believe the majority of merge mined coins will find their way almost immediately onto the market but as the total volumes involved can’t possibly be driving DGB ‘market perceived value’, this possibly is of little real concern today.
With the emergence of ASICs across the board on DigiByte today, I’m going to guess that we are more vulnerable to a 51% attack than we have been in the past because of this.
The next question is, should we now just leave everything as is and perhaps even allow merged mining on all algos? If we are going to assume that all coins mined today will find their way to market sooner rather than later!
This strategy, I’d imagine will help with volatility because I’d imagine again that now shutting off the supply of DGB hitting the market becomes practically uncontrollable by anyone and is reliant on DigiBytes continuous 1% reduction until mined out in 17 years or so.
Yeah you know what; for now I’ll settle with that’s how it should be unless we can come up with something that could fairly distribute an equal share to all participants, with solid tech engaged insuring that these were real individuals only receiving one ‘fair’ share. Then we should move one of our algorithms to this!
