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

[benjamoyne]

@Digibyte When a marketplace roles out, doesn't the coin need to have a value for it to be successful?

If we are the first coin on a large level to be accepted on a large scale by in physical stores does that not give the coin value?

I'm going to take a wild guess at this comment..

Are we talking about using the existing EFT network to make this happen??

That would make sense, given that you mention "large scale" and also "physical stores"
Also "the first coin". Is that out of alt coins or does it include bitcoin??

[iikun]

Check the data for the whole network. Not just one mining pool.

This is whole network data.

current block: 132,795

DGB released days 142 * 1440(24*60) = 204480

I haven't checked the data myself but you have to factor in the multipools attacks from a while ago. They caused a lot of blocks to be mined very slowly and would've totally thrown the total coins minted out of balance. Also, remember that the minting of coins isn't actually balanced by the system, only the difficulty factor.

[DigiByte]

We just are about to make a deal in LA for much better!

[HR]

As of 2014-06-02 21:03:42


Last 24 hours: only 410 blocks found of a supposed 1440 theoretical programed 60 second blocks.


Previous 24 hours: only 280 blocks found


Previous 24 hours: only 166 blocks found


What would be the explanation for this?


In order to be competitive with ASIS resistant coins (and the few still competitive scrypt coins), on a relative profitability basis, actually mining the coin, DGB would have to be valued at around 120 satoshi, and that, of course, is based on a 60 second block find basic assumption. With blocks being found at only around 1/4 of the rate of what should be the case . . . well, I'll let you all do the math. Blockchain Explorer: http://explorer.cryptopoolmining.com/chain/DigiByte


Something is very wrong with this picture.

This information is coming from 1 mining pool. Not the entire DigiByte network.

DigiSheild in low hashrate have some issues.

http://digibyte.dgbpool.com/?page=statistics&action=blocks


132732   Confirmed   MC           03/06 06:45:02
132351   Confirmed   abclpr       02/06 06:39:45


Previous 24 hours: ONLY 400 Blocks.



Hope the next version fix that.

Check the data for the whole network. Not just one mining pool.

This data is taken from DGB's own blockchain explorer. How can you say it's only one mining pool? . . . unless there'e only one functional mining pool. 

The data corresponds perfectly well with the DGB wallet as well.

http://explorer.cryptopoolmining.com/chain/DigiByte
Taken from DGB's Home Page http://www.digibyte.co/

[HR]

Check the data for the whole network. Not just one mining pool.

This is whole network data.

current block: 132,795

DGB released days 142 * 1440(24*60) = 204480

Wow! Another nice way of looking at it. Only a half a billion coins' difference!

Or just under half of what's actually been mined.

ASIC will solve that. LOL

[The_Cashier]

Better rewards
Coins deposited directly in your wallet
DDoS resistant
Up 24h/24h
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

[SwedishGirl]

We just are about to make a deal in LA for much better!

Hopefully you can share the details as soon as the deal is signed.

[piyany]

As of 2014-06-02 21:03:42


Last 24 hours: only 410 blocks found of a supposed 1440 theoretical programed 60 second blocks.


Previous 24 hours: only 280 blocks found


Previous 24 hours: only 166 blocks found


What would be the explanation for this?


In order to be competitive with ASIS resistant coins (and the few still competitive scrypt coins), on a relative profitability basis, actually mining the coin, DGB would have to be valued at around 120 satoshi, and that, of course, is based on a 60 second block find basic assumption. With blocks being found at only around 1/4 of the rate of what should be the case . . . well, I'll let you all do the math. Blockchain Explorer: http://explorer.cryptopoolmining.com/chain/DigiByte


Something is very wrong with this picture.

This information is coming from 1 mining pool. Not the entire DigiByte network.

DigiSheild in low hashrate have some issues.

http://digibyte.dgbpool.com/?page=statistics&action=blocks


132732   Confirmed   MC           03/06 06:45:02
132351   Confirmed   abclpr       02/06 06:39:45


Previous 24 hours: ONLY 400 Blocks.



Hope the next version fix that.

Check the data for the whole network. Not just one mining pool.

This data is taken from DGB's own blockchain explorer. How can you say it's only one mining pool? . . . unless there'e only one functional mining pool. 

The data corresponds perfectly well with the DGB wallet as well.

http://explorer.cryptopoolmining.com/chain/DigiByte
Taken from DGB's Home Page http://www.digibyte.co/

Takes many minutes to confirm transaction... so the data might be right

[HR]

Check the data for the whole network. Not just one mining pool.

This is whole network data.

current block: 132,795

DGB released days 142 * 1440(24*60) = 204480

I haven't checked the data myself but you have to factor in the multipools attacks from a while ago. They caused a lot of blocks to be mined very slowly and would've totally thrown the total coins minted out of balance. Also, remember that the minting of coins isn't actually balanced by the system, only the difficulty factor.

You need to check the data yourself. If you look at the blockchain, you'll see that the issue began with the implementation of DigiShield, and has nothing to do with the multipool attacks. Block discovery was perfectly in line with DGB coding until Feb. 22, 2014. Take a look at the blockchain up to that date and divide by the number of days that DGB had been in existence. http://explorer.cryptopoolmining.com/chain/DigiByte

The issue began back then and has progressively gotten worse.

[iikun]

Check the data for the whole network. Not just one mining pool.

This is whole network data.

current block: 132,795

DGB released days 142 * 1440(24*60) = 204480

I haven't checked the data myself but you have to factor in the multipools attacks from a while ago. They caused a lot of blocks to be mined very slowly and would've totally thrown the total coins minted out of balance. Also, remember that the minting of coins isn't actually balanced by the system, only the difficulty factor.

You need to check the data yourself. If you look at the blockchain, you'll see that the issue began with the implementation of DigiShield, and has nothing to do with the multipool attacks. Block discovery was perfectly in line with DGB coding until Feb. 22, 2014. Take a look at the blockchain up to that date and divide by the number of days that DGB had been in existence. http://explorer.cryptopoolmining.com/chain/DigiByte

The issue began back then and has progressively gotten worse.

Interesting. That would explain why the rewards are so low now despite the difficulty not having increased so much. I'll have a look when I get home.
One question though, you have factored in the finishing reward since digishield haven't you?  It mightn't explain everything but would explain a portion of it.

[illodin]

Less inflation - me like. 

[piyany]

Less inflation - me like. 

Yeah, but it was this way for months? When the issue will get fixed the inflation will skyrocket. I'm checking now and it takes sometimes 5 minutes to confirm transaction from exchange to my wallet? That's wrong..

[illodin]

Less inflation - me like. 

Yeah, but it was this way for months? When the issue will get fixed the inflation will skyrocket. I'm checking now and it takes sometimes 5 minutes to confirm transaction from exchange to my wallet? That's wrong..

Relatively maybe skyrocket, but only to the value it was meant to be originally. Now there will exist less coins than everyone thought there would be.

[iikun]

Less inflation - me like. 

Yeah, but it was this way for months? When the issue will get fixed the inflation will skyrocket. I'm checking now and it takes sometimes 5 minutes to confirm transaction from exchange to my wallet? That's wrong..

Try it the other way. Sometimes exchanges take a few minutes to process a transaction.

[HR]

Less inflation - me like. 

Yeah, but it was this way for months? When the issue will get fixed the inflation will skyrocket. I'm checking now and it takes sometimes 5 minutes to confirm transaction from exchange to my wallet? That's wrong..

5 minutes? Try more than an hour! Almost two hours between blocks 131993 and 131994 as I mentioned when I first commented on this issue!

I'm curious. With DBG stuck on block 131993 for over an hour and a half now, I started looking at the block chain and I noticed that it's been taking progressively longer to find blocks, with only an average of 10.66 blocks found per hour over the last 24 hours.

Only an average of 19.25 blocks found per hour over the last 5 days?

I've quickly searched a bit, but I haven't found anything on this. Forgive me if I've missed it.



Add: 131994 was just found - just under 2 hours between blocks!

And it's not like it has anything to do with high diff values: I went back into the blockchain looking for similar "freezes" and you can find them all over the place with low, average and high diff values. It looks completely random.
http://explorer.cryptopoolmining.com/chain/DigiByte

[piyany]

Less inflation - me like.  

Yeah, but it was this way for months? When the issue will get fixed the inflation will skyrocket. I'm checking now and it takes sometimes 5 minutes to confirm transaction from exchange to my wallet? That's wrong..

Relatively maybe skyrocket, but only to the value it was meant to be originally. Now there will exist less coins than everyone thought there would be.

Market cap is calculated based on number of blocks solved, same as the number of coins in circulation. So the data on coinmarketcap.com is right.

This solves the mystery why DGB managed to stay around 30 all this months, the inflation was not killing it  

Try it the other way. Sometimes exchanges take a few minutes to process a transaction.

Nothing to do with that, it's always slow like sh*t.

[illodin]

Now there will exist less coins than everyone thought there would be.

Market cap is calculated based on number of blocks solved, same as the number of coins in circulation. So the data on coinmarketcap.com is right.

Yup. But I meant people calculating yearly supply based on block rewards and times. They will be pleasantly surprised.

[appbox]

Less inflation - me like. 

Yeah, but it was this way for months? When the issue will get fixed the inflation will skyrocket. I'm checking now and it takes sometimes 5 minutes to confirm transaction from exchange to my wallet? That's wrong..

5 minutes? Try more than an hour! Almost two hours between blocks 131993 and 131994 as I mentioned when I first commented on this issue!

I'm curious. With DBG stuck on block 131993 for over an hour and a half now, I started looking at the block chain and I noticed that it's been taking progressively longer to find blocks, with only an average of 10.66 blocks found per hour over the last 24 hours.

Only an average of 19.25 blocks found per hour over the last 5 days?

I've quickly searched a bit, but I haven't found anything on this. Forgive me if I've missed it.



Add: 131994 was just found - just under 2 hours between blocks!

And it's not like it has anything to do with high diff values: I went back into the blockchain looking for similar "freezes" and you can find them all over the place with low, average and high diff values. It looks completely random.
http://explorer.cryptopoolmining.com/chain/DigiByte

Diff and blocks isnt the most important, transactions time is too long. If the nethashrate is up quickly, the transactions maybe spent 20 mins +.

[,./,./]

why is the price incase

I know digibyte is the best coin of te world, but what do jared/digibyte? to let increase the price?

[maxsinner]

Price increasing significantly. I wonder if there are people in the know already or the price jump is based purely on speculation.