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

[mintzone]

dgb.luckyminers.com:
Time Since Last Block   118 hours 5 minutes 14 seconds  [and still working ]

i was first on pickaxe and they went down, then on dgb.luckyminer but they had hashrate refresh + other problems, then miningpool.co stratum being down too much, so i decided to own my server and have a p2pool, no more "middleman" for my DigiByte for the moment.

At least you weren't with xtra pool!
That sucked a lot D:

[r3wt]

added DGB to openex. https://openex.pw/index.php?page=trade&market=115

[DigiByte]

added DGB to openex. https://openex.pw/index.php?page=trade&market=115

This is awesome! Thank you very much!

[The_Cashier]

added DGB to openex. https://openex.pw/index.php?page=trade&market=115

+1

Don't forget to vote for the other exchange  :

Let's get DigiByte on Bter: Send an email to support@bter.com
Let's get DigiByte on Cryptsy: https://cryptsy.freshdesk.com/support/discussions/topics/72581

[Gazza1]

can someone email smalltimeminer and tell them to fix their pool

[The_Cashier]

@DigiByte  
When are you changing the retargeting time for difficulty ?

EDIT: Hashco went on DGB again diff 7 to 22 and then they left...
EDIT: @Gazza1 you may contact me to try my p2pool if you can't anymore with pools  

[trcwhale]

@DigiByte  
When are you changing the retargeting time for difficulty ?

EDIT: Hashco went on DGB again diff 7 to 22 and then they left...
EDIT: @Gazza1 you may contact me to try my p2pool if you can't anymore with pools  

They will never. They like getting raped by a cow.

[xploited]

@DigiByte  
When are you changing the retargeting time for difficulty ?

EDIT: Hashco went on DGB again diff 7 to 22 and then they left...
EDIT: @Gazza1 you may contact me to try my p2pool if you can't anymore with pools  

Were working on it and will have a scheduled release date soon. To avoid multiple mandatory updates for future releases we want to make sure we add in anything we had planned that might cause that now.









 

[iikun]

can someone email smalltimeminer and tell them to fix their pool

They just came back online. I'm not sure if the pool was affected or not tho as I haven't checked how many coins I was at in quite a few hours.

[iikun]

@DigiByte  
When are you changing the retargeting time for difficulty ?

EDIT: Hashco went on DGB again diff 7 to 22 and then they left...
EDIT: @Gazza1 you may contact me to try my p2pool if you can't anymore with pools  

Were working on it and will have a scheduled release date soon. To avoid multiple mandatory updates for future releases we want to make sure we add in anything we had planned that might cause that now.

I think everyone would be happy to wait an extra day or two if you can get everything which needs to be done done in one simple update

[DigiByte]

We wanted to share our thoughts with everyone on the upcoming DigiByte update we are working on.

Here is what we would like to accomplish with the upcoming update:

1) Change block difficulty re-target to 1 minute to resist multi-pool mining & dumps to help steadily build the price.
2) Add more checkpoints, super-nodes and seeders.
3) Update to latest version of Bitcoin/Litecoin client.
4) Reduce the block reward by a certain percentage each week for either; 10, 15, or 20 years.

Gravity Well vs Re-Target
From our research we can not see what if any advantage the gravity well would offer over simply changing the re-target time to 1 minute. In fact, the gravity well would actually allow for more coins to be mined for a few minutes after a dramatic instant hash increase when compared to changing the difficulty re-target to 1 minute. The gravity well implementation would complicate things for us and cause issues with our Android wallet. Since both achieve the same desired result (ending multi-pool driven hash swings & coin dumps). We would like to travel down the path of least resistance.

Built in Wallet Update Feature
Xploited had the best answer to this. Isn't the point of a crypto currency to avoid centralization? By implementing a single location that all wallets can update from we are also implementing a single point of failure to the network that could potentially be taken over by an attacker who could cripple the network. We want to make sure DigiByte will remain strong and resilient to attacks.

Block Reward Increase
The idea of producing most of the coins right away and entering the deflation stage as soon as possible is very interesting to think about. However, at this point we feel there are several reasons why we should not go this route. Had we talked about this before we launched it might be a different story, but not now that we are way beyond launch.

It would be very unethical and unprofessional of us to increase the block reward. This would cause an immediate decrease in price and as such it would be very discourteous to current investors. Some of which have invested several thousand dollars worth of Bitcoin into DigiByte.

Another reason for not mining all the coins right away is mining itself. Mining keeps a coins network strong. In order to keep miners mining, they need coins to mine. Just look at Quark, many miners have jumped ship and the threat of a 51% attack from bot nets continues to increase. Miners should and do deserve to be incentived well into the future.

Block Reward Decrease
We are not looking to do anything dramatic here. Instead we are looking for a solution that will benefit everyone. Miners, current investors and future investors. We are considering three potential options to change the block reward. These will a gradual block reward % reduction every 7 days.

Current amount of coins left to be mined: 20,400,000,000
Block Percentage Reduction Every: 10107.69230769231 Blocks (1 week)

Option 1:
20 Years: Block reward reduces every week by a small percentage so that the last coin is minted 20 years from now.
20x365x24x60= 10,512,000 Blocks
20 x 52 weeks= 1040 Weeks


20,400,000,000 DGB / 10,512,000 Blocks = 1940.64 DigiByte reward average per block over 20 years.


Option 2:
15 Years: Block reward reduces every week by a small percentage so that the last coin is minted 15 years from now.
15x365x24x60= 7,884,000 Blocks
15 x 52 weeks= 780 Weeks

20,400,000,000 DGB / 7,884,000 Blocks = 2587.52 DigiByte reward average per block over 15 years.


Option 3:
10 Years: Block reward reduces every week by a small percentage so that the last coin is minted 10 years from now.
10x365x24x60= 5,256,000 Blocks
10 x 52 weeks = 520 Weeks

20,400,000,000 DGB / 5,256,000 Blocks = 3881.28 DigiByte reward average per block over 10 years.

So what does everyone think? What is the best solution? How would you do things different?

Note: After running through several calculations it looks like 0.5% is the sweet spot for a weekly reduction. This gives DigiByte over 20 years of profitable mining. Explaining a 0.4143583% reduction would confuse many people. A nice half percent decrease is much easier for people to calculate and for us to market.

[xazure]

Reduce the block reward by a certain percentage each week for either; 10, 15, or 20 years

This is not faire for who want to mine DGB now... The oringinal is good enough.

Then 8,000 DGB Per Block, Reward Halves Every 2 Years

And one more question: The Network Hashrate is : 1,949.19 MH/s    . I count all pool hashrate from the pools published on http://www.digibyte.co/, and the result is ~600 MH/s.

So my question is: Is there any private pool which has big Hashrate? And the private pool's hashrate is over 51%.....

[Gazza1]

Reduce the block reward by a certain percentage each week for either; 10, 15, or 20 years

This is not faire for who want to mine DGB now... The oringinal is good enough.

Then 8,000 DGB Per Block, Reward Halves Every 2 Years

The price would increase to compliment the decreased rewards.  Profits would be the same for miners, the positive is that current holders which include everyone here would benefit more from an immediate increase in market price.

Very interesting thoughts Devs!  I am curious to see what everyone has to say.

[DigiByte]

Reduce the block reward by a certain percentage each week for either; 10, 15, or 20 years

This is not faire for who want to mine DGB now... The oringinal is good enough.

Then 8,000 DGB Per Block, Reward Halves Every 2 Years

The price would increase to compliment the decreased rewards.  Profits would be the same for miners, the positive is that current holders which include everyone here would benefit more from an immediate increase in market price.

Yes, everyone would benefit here. This would lead to a slow gradual rise as DigiBytes would become just a little bit harder to come by each week. We are just working on the optimum weekly percentage decrease calculations.

[DigiByte]

Reduce the block reward by a certain percentage each week for either; 10, 15, or 20 years

This is not faire for who want to mine DGB now... The oringinal is good enough.

Then 8,000 DGB Per Block, Reward Halves Every 2 Years

And one more question: The Network Hashrate is : 1,949.19 MH/s    . I count all pool hashrate from the pools published on http://www.digibyte.co/, and the result is ~600 MH/s.

So my question is: Is there any private pool which has big Hashrate? And the private pool's hashrate is over 51%.....

This would be more fair to miners. They would have more coins to mine over the next 5 years. Secondly, each week the coins they mined the week before would be slightly more valuable at a predictable rate.

We are not aware of any private pools that have that much hash mining DGB. It is most likely a multi-pool.

[Gazza1]

Yes, everyone would benefit here. This would lead to a slow gradual rise as DigiBytes would become just a little bit harder to come by each week. We are just working on the optimum weekly percentage decrease calculations.

This sounds very interesting and exciting. 

[DigiByte]

After running through several equations with the options we listed it appears that a block reward reduction of about 0.5% every week is the sweet spot. Actual numbers varied from .3% - .5%. We think 0.5% will be much easier to explain to people for marketing purposes.

0.4 % is about 20 years time.

This is a 26% reduction every year.

[DigiByte]

So just to clarify, we would like to reduce the block reward 0.5% every week (ever 7 days or 10107 blocks). We would start this at the current 8000 DGB block reward 1 week after updating the DGB wallet.

This will benefit everyone as DigiBytes will become hard to to mine each and every week.

[DigiByte]

We are having a discussion on IRC about the block reward and DigiByte updates if anyone would like to join in! http://webchat.freenode.net/?channels=#digibytecoin

[ChasingTheDream]

So just to clarify, we would like to reduce the block reward 0.5% every week (ever 7 days or 10107 blocks). We would start this at the current 8000 DGB block reward 1 week after updating the DGB wallet.

This will benefit everyone as DigiBytes will become hard to to mine each and every week.

I like the idea.