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

[iikun]

=> the Sha256 miner gets with his notebook as much coins as all 10k scrypt miners together.

Nah...  pretty sure in that scenario, the SHA-256 dude would get sweet F.A. You need hashpower to discover the blocks, regardless of the algo. The 1PH Scrypt network would find everything, except in the most bizarrely lucky of situations.

Might this not discourage people from mining on unpopular algos?  I mean if I was the only person mining SHA256 & thus getting very little reward, surely I would move that miner to another, more profitable coin. We may end up with just 2 or 3 of the 5 algorithms being used. Or being used to any great extent that is.

[the_game1224]

=> the Sha256 miner gets with his notebook as much coins as all 10k scrypt miners together.

Nah...  pretty sure in that scenario, the SHA-256 dude would get sweet F.A. You need hashpower to discover the blocks, regardless of the algo. The 1PH Scrypt network would find everything, except in the most bizarrely lucky of situations.

Might this not discourage people from mining on unpopular algos?  I mean if I was the only person mining SHA256 & thus getting very little reward, surely I would move that miner to another, more profitable coin. We may end up with just 2 or 3 of the 5 algorithms being used. Or being used to any great extent that is.

Except he was wrong.  Each algo would have it's own difficulty thus if you were the only one on SHA256 you would get the same amount of coins as the total of the Scrypt miners. 

Its really quite simple the way the Dev explained it  "Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins."

[bholzer]

We pulled the new Murraycoin icons out of the source - going to make it tricky for DigiByte to steal them this time 

[benjamoyne]

We pulled the new Murraycoin icons out of the source - going to make it tricky for DigiByte to steal them this time  

LOL
You do have a firm understanding of what open source is don't you???

That would mean you "stole" from bitcoin and litecoin.

[DigiByte]

We pulled the new Murraycoin icons out of the source - going to make it tricky for DigiByte to steal them this time  

LOL
You do have a firm understanding of what open source is don't you???

That would mean you "stole" from bitcoin and litecoin.

lol! +1

Also, we edited all the icons and changed the colors so they were unique to the DigiByte wallet.

[bholzer]

We pulled the new Murraycoin icons out of the source - going to make it tricky for DigiByte to steal them this time  

LOL
You do have a firm understanding of what open source is don't you???

That would mean you "stole" from bitcoin and litecoin.

lol! +1

Also, we edited all the icons and changed the colors so they were unique to the DigiByte wallet.

I was joking, fellas. By including them in our source they certainly fell under the open umbrella. DigiByte is one of the few coins in the new class that I respect. The original Murraycoin icons were all made in-house and look great - the fact that you guys are using them just shows you have good taste. If we hadn't switched to a new "golf" theme, we'd still be using them as well.

[DigiByte]

We pulled the new Murraycoin icons out of the source - going to make it tricky for DigiByte to steal them this time  

LOL
You do have a firm understanding of what open source is don't you???

That would mean you "stole" from bitcoin and litecoin.

lol! +1

Also, we edited all the icons and changed the colors so they were unique to the DigiByte wallet.

I was joking, fellas. By including them in our source they certainly fell under the open umbrella. DigiByte is one of the few coins in the new class that I respect. The original Murraycoin icons were all made in-house and look great - the fact that you guys are using them just shows you have good taste. If we hadn't switched to a new "golf" theme, we'd still be using them as well.

lol! You guys did a great job with them! Might have to check the new wallet out!

[ycagel]

Did you all see this?

http://www.coindesk.com/500-million-dogecoin-mined-hacker-malware-attack/

YC

[RJF]

Did you all see this?

http://www.coindesk.com/500-million-dogecoin-mined-hacker-malware-attack/

YC

Just proves that there is no limit to human ingenuity when there is money involved... 

[benjamoyne]

We pulled the new Murraycoin icons out of the source - going to make it tricky for DigiByte to steal them this time  

LOL
You do have a firm understanding of what open source is don't you???

That would mean you "stole" from bitcoin and litecoin.

lol! +1

Also, we edited all the icons and changed the colors so they were unique to the DigiByte wallet.

I was joking, fellas. By including them in our source they certainly fell under the open umbrella. DigiByte is one of the few coins in the new class that I respect. The original Murraycoin icons were all made in-house and look great - the fact that you guys are using them just shows you have good taste. If we hadn't switched to a new "golf" theme, we'd still be using them as well.

Whoops, sorry guys my bad

[tdcooper99]

Nah...  pretty sure in that scenario, the SHA-256 dude would get sweet F.A. You need hashpower to discover the blocks, regardless of the algo. The 1PH Scrypt network would find everything, except in the most bizarrely lucky of situations.

Except he was wrong.  Each algo would have it's own difficulty thus if you were the only one on SHA256 you would get the same amount of coins as the total of the Scrypt miners. 

Its really quite simple the way the Dev explained it  "Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins."

Yeah, on further contemplation...  I realised my mistake...

[the_game1224]

Nah...  pretty sure in that scenario, the SHA-256 dude would get sweet F.A. You need hashpower to discover the blocks, regardless of the algo. The 1PH Scrypt network would find everything, except in the most bizarrely lucky of situations.

Except he was wrong.  Each algo would have it's own difficulty thus if you were the only one on SHA256 you would get the same amount of coins as the total of the Scrypt miners. 

Its really quite simple the way the Dev explained it  "Imagine that DigiByte is 5 different coins in one. Only 1/5th of all DigiBytes can ever be mined by the SHA algo. So if you have a SHA ASIC you still are competing for 100% of SHA-256 DigiByte coins."

Yeah, on further contemplation...  I realised my mistake...

All good.  Just want everyone to understand how it works! 

What should happen after things shake out is each of the algos will be about evenly mined so there is not a huge advantage to one or another as far as rewards/difficulty goes. 

[appbox]

http://www.thinkinginpool.com/getting_started

New Pool for Digibyte.




Altcoins comm need a breaking algo, replace shit x11-x13-xN algo. Wish digibyte dev create new GPU-Only algo for altcoins.

[RJF]

Jared,

Do you have a time line or expected public release date for the modified DigiByte? I'm planning out hashing power for the next couple weeks and it would help if knew where DigiByte stands, thanks!

[RJF]

If you want a look at the future of stable Alt Coins, read this:

https://www.rapidcx.com/blog/pantera-bitcoin-fund-sec-filing-reveals-96-million-investment

It's time to clean up and be professional...   

(posted in several forums)

[DigiByte]

If you want a look at the future of stable Alt Coins, read this:

https://www.rapidcx.com/blog/pantera-bitcoin-fund-sec-filing-reveals-96-million-investment

It's time to clean up and be professional...   

(posted in several forums)

Very interesting. These are the type of people we have sought to link up with since day one.  Thanks for posting!

[DigiByte]

Did you all see this?

http://www.coindesk.com/500-million-dogecoin-mined-hacker-malware-attack/

YC

YC,

Very interesting. This would explain some of the issues Doge saw before April. That is a lot of mining power.

[,./,./]

jared,

let me know if I can do anything for digibyte.

[RJF]

If you want a look at the future of stable Alt Coins, read this:

https://www.rapidcx.com/blog/pantera-bitcoin-fund-sec-filing-reveals-96-million-investment

It's time to clean up and be professional...   

(posted in several forums)

Very interesting. These are the type of people we have sought to link up with since day one.  Thanks for posting!

I thought that might interest you. I see this as a perfect match for DigiByte. What better way to build value?

Onward and upward...

[,./,./]

vote for digibyte


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if you registered you vote is 10x

It looks a very good exchange;)