Moxymore
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March 28, 2014, 09:28:01 PM |
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In the end we definitely do not want hashing power to become centralized & we like the idea that anyone should be able to mine DigiByte with very little associated costs.
The question is in the future how many people are actually going to be mining when we achieve main stream adoption? Maybe 5% of users a year from now? What are your thoughts?
Impossible to answer imo, this depends on how Digibyte will grow or decline. If all your efforts, dev's and community's efforts, will be rewarded by a huge amount of trade and nice value per coin in few months, lot of people will probably mine DGB as a standard, and it's not impossible to see an average net hashrate of 30 Ghs+ like the DOGE community. Regarding the algorythm, I have a question because i have no knowledge in programming : is there any way to have a fast and secure algo which will give a maximum fixed amount of shares per minute/kilohash per minute AND per device? Imagine an algo which will fix a maximum hashing power per devices (GPU Card/ASICS/Grid Seed/CPU etc...) at, for example, 200 Khs. Limited at something like 8 devices per IP/MAC adress, all people will have a proportionnal amount of coins, and will save a lot of electricity because running a Graphic card at lower intensity will bring the electricity bill lower. I'm just suggesting a beginning of reflexion, this is maybe not possible. Please gimme some light in this darkness
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♥ Digibyte ♥ "THE" Digital currency of the future ♥
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BlazingHashes
Member
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Activity: 106
Merit: 10
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March 28, 2014, 11:30:06 PM |
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xploited
Sr. Member
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Activity: 304
Merit: 252
CLAM Dev
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March 29, 2014, 12:26:14 AM |
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I'm not saying we should switch as I'm still largely undecided, its a difficult problem. If we were to change I'm personally becoming a fan of the approach that myriadcoin has taken with there algo design (at least on paper). To me it seems like a balanced approach and could be tweaked for digibyte and accommodate other algos if we so desired. Scypt, SHA256D, Qubit, Skein or Groestl
How it works Each proof of work algorithm has its own independent difficulty. Any algorithm can find the next block. All the algorithms use the same difficulty adjustment method. On average, each algorithm has the same chance of finding the next block. Each algorithm aims for a block generation time of 2.5 minutes. Over the five algorithms, a block should be found on average every 30 seconds.
It would require some changes to infrastructure where we would need pools for each algorithm and depending on which algo you mined you would use a different mining program. It needs more research but its an interesting idea and worth exploring
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sunny168
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Activity: 63
Merit: 10
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March 29, 2014, 12:43:20 AM |
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We hate most is liar The community should not deceive Thank you for your reminding me
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Mk2vr6
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March 29, 2014, 01:11:37 AM |
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We hate most is liar The community should not deceive Thank you for your reminding me
Huh?
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DigiByte (OP)
Legendary
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Activity: 1722
Merit: 1051
Official DigiByte Account
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March 29, 2014, 02:20:44 AM |
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We are taking a very hard look at SHA-3 Keccak. SHA stands for "Secure Hashing Algorithm" and is set by the National Institute of Standards and Technology (NIST). http://en.wikipedia.org/wiki/Secure_Hash_AlgorithmSHA-0 Has been exploited. SHA-1 Has been exploited. SHA-2 What Bitcoin uses & most cryptos. SHA-3 Next generation super secure hash. Maxcoin implemented SHA-3 Keccak We have been researching much more into Keccak. http://keccak.noekeon.org/http://en.wikipedia.org/wiki/SHA-3What really caught our attention: Keccak excels in hardware performance, with speed/area trade-offs, and outperforms SHA-2 by an order of magnitude. Keccak has overall good software performance. It is faster than SHA-2 on modern PCs and shines when used in a mode exploiting parallelism. Rumor has it a GPU miner for Keccak has already been developed. We are thinking we can modify Keccak for GPUs.
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DigiByte (OP)
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Official DigiByte Account
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March 29, 2014, 02:24:55 AM |
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Does anyone have any feed back on mining Maxcoin?
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P2PHash
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March 29, 2014, 03:08:47 AM |
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P2pool using DigiByte v2.0. Now with Cryptsy price displayed Address: dgb.p2phash.com
P2Pool benefits:* No registration required * Distributed hashrate * Immediate payouts after a block is found * Higher payouts with transaction fees paid to miners * No account hack possible Fee: only 0.5% Start mining within seconds! Just point your miner to p2phash.com:9022 and use the DigiByte address from your wallet for username, the password doesn't matter.You can now follow us on twitter: https://twitter.com/P2PHash
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andr0x
Newbie
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Activity: 21
Merit: 0
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March 29, 2014, 04:16:57 AM |
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As far as we know we are the first Alt Coin to implement the Bitcoin v0.9.0 Protocol. We would love to have you help us test the Scrypt implementation out before we replace the main download link on the Digibyte.co website.
We have done initial testing and everything appears to be working well. We appreciate any and all feedback.
DigiByte v 2.9 Facts: *Not a mandatory update *Backwards compatible *Includes exe installer *Implements the latest Bitcoin 0.9 protocol features into DigiByte.
Windows x64 bit version: http[Suspicious link removed] Windows x32 bit version: http[Suspicious link removed]
As always BACK UP your wallet.dat before upgrading!
I'm testing currently this release , exactly x64 build : - I can receive and sent DGB to others accounts (My main testing receiver DGB account was AGX.io and my secondary is a Android Wallet) - Wallet backup & restore working perfectly - Synchronize with DGB network without issue, I feel this version sync more fast with DGB network compared with v2.0. - Ui Improvements are welcome Only one minor issue in UI, but not affect wallet functionality : http://s27.postimg.org/ewdnbld03/ui_bug.png -- the html code in the message "</br" in Spanish translate Thanks for this RC Dev Team... Greetings from Venezuela
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choppy123
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March 29, 2014, 04:31:28 AM |
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I fear it's quite possible that in few months months there are 2 people mining DGB, and both have 300mh/s asics.
I fear that no one with asics are mining DGB...that would mean its not worth anyone's hashes... both of these are real possibilities and are my fears as well if no new algorithm is applied...in fact the 2 people mining DGB with ASICS will mine the life out of DGB then dump coins on an exchange....end result is that price keeps plummeting yet difficulty has risen, DGB would then be toast since there is no incentive to mine anymore....this is all of course hypothetical, DGB will be modified well before this will happen but it's unfortunately the reality that all scrypt coins are facing
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DigiByte (OP)
Legendary
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Activity: 1722
Merit: 1051
Official DigiByte Account
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March 29, 2014, 04:57:16 AM |
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As far as we know we are the first Alt Coin to implement the Bitcoin v0.9.0 Protocol. We would love to have you help us test the Scrypt implementation out before we replace the main download link on the Digibyte.co website.
We have done initial testing and everything appears to be working well. We appreciate any and all feedback.
DigiByte v 2.9 Facts: *Not a mandatory update *Backwards compatible *Includes exe installer *Implements the latest Bitcoin 0.9 protocol features into DigiByte.
Windows x64 bit version: http[Suspicious link removed] Windows x32 bit version: http[Suspicious link removed]
As always BACK UP your wallet.dat before upgrading!
I'm testing currently this release , exactly x64 build : - I can receive and sent DGB to others accounts (My main testing receiver DGB account was AGX.io and my secondary is a Android Wallet) - Wallet backup & restore working perfectly - Synchronize with DGB network without issue, I feel this version sync more fast with DGB network compared with v2.0. - Ui Improvements are welcome Only one minor issue in UI, but not affect wallet functionality : http://s27.postimg.org/ewdnbld03/ui_bug.png -- the html code in the message "</br" in Spanish translate Thanks for this RC Dev Team... Greetings from Venezuela Thank you for the feedback, we have found a couple small issues that we are fixing before doing a full release.
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The_Cashier
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March 29, 2014, 06:44:39 AM |
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Better rewards DDoS resistant Coins deposited directly in your wallet No registration needed, just a DigiByte address as username If node is down, you don't lose your DigiByte, your work is saved on network.
JOIN US TO MINE
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,./,./
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March 29, 2014, 08:05:05 AM |
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****digibyte promo video ****give feedback and I will chance it do you like it and will you give some back? - like it - follow me on youtube - like other videos from me - tell it to everyone who you know
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griffitsj
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March 29, 2014, 09:00:15 AM |
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I have mined plenty of Maxcoin SHA-3 algorithm. There are some benefits - you can underclock the memory about 50% without affecting hashrate therefore giving lower temps and power requirements. I am also a fan on X11 algo in DarkCoin which gives even lower temps then there is the HEFTY algo in HeavyCoin which gives even lower temps still.
As you can see I have tended to avoid Scrypt coins recently but keep coming back to Digi as it has great development and ideas and the price is way too low ATM, so I see tremendous potential in this coin as I do for the others I mentioned.
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hyeoam
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March 29, 2014, 09:06:26 AM |
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Donate BTC: 1NRG17fYCNcfQvQHC3G9TUAowNKsM4oTWA
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sammy007
Legendary
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Activity: 1904
Merit: 1003
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March 29, 2014, 09:11:42 AM |
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If you are so brave, you can dump DGB on CryptoRush. It's 20% expensive there.
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appbox
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March 29, 2014, 09:24:22 AM |
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If you are so brave, you can dump DGB on CryptoRush. It's 20% expensive there.
not brave, its stupid.
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igigme77
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March 29, 2014, 10:01:13 AM |
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So many good things going on right now. Surprised people are selling so low.
Now is a good time to invest, in which prices and then sell it! So easy, Come on!
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