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

[HR]

Only 3 BTC till 1 sat, damn. Lets hope there is _some_ news soon to push DGB up a bit (don't want a pump), because I really don't want DGB to drop that low.

I've done a quick mathematical check, and, with its current diff and network hashrate, break-even for electical usage only (using US national electrical costs and excluding hardware investments) for Groestl is 70 satoshi. For example.

With its current diff and network hashrate, break-even for electrical usage only (using US national electrical costs and excluding hardware investments) for SHA-256 is 32 satoshi.

So, according to these two samples (haven't had time to do scrypt yet, but I think it's probably higher than SHA-256), anyone selling at current levels is losing money in the process (very smart - NOT) . . . unless they're mining in Iceland that is. http://www.zerohedge.com/news/2013-12-25/trip-through-bitcoin-mines

I'm not sure about your mathematical, could you give some detail because i'm with Groestl with 2 270x and if i can earn more 0.0015 btc / day, i have profit. I'm in europe, 0.16 dollars / kwh. With 8000 DGB per day, it's good at 25 satoshi...

I'm saying that but i don't sell my DGB more than a millions, i'm waiting 1 dollard / DGB

We're both correct: yours is real life data (which I can corroborate), and my above calculations are based on 'official' blockchain data coming from the various pools and sgminer diff ratios, etc.

[NZ_miner]

Ugh, the stupid miner crashed for the night while I was mining skein... And I can't get down in the basement to reboot... Ugh 12 hours of wasted time. Costs me 34 cents to run the thing while it's frozen

Just venting my frustrations lol

Bird,

Just a heads up (or maybe a question as to why), but your Groestl pool has recently been making weird payouts that don't include all the miners currently mining.

Three recent examples are blocks
149981
http://insight.dgb.cryptopoolmining.com/block/0d03fd75bee18864fcaa97457da1defd54e8f75fde8e9ef260f00aa2027440ed
(where there was only one address paid to that isn't even mining)

150240
http://insight.dgb.cryptopoolmining.com/block/dd1f60e865d52fdc02561af3a5367d70a55ff51e9ed76eaae11fb620e38c4faa
(two addresses that aren't mining either)

150452
http://insight.dgb.cryptopoolmining.com/block/1230681f657d4bf2d0d6907bbad7e7c1e540065c9b8281378d8a5212e49b3add
(same two as above that aren't mining)

What's up with this?

...:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::...

On another note, just for fun I took a peek at address D96y4y74NUegfYJ8yn9chxbPLrRiypCF6V and there's been around 40 payouts to that same address since block 150452, and almost always the same exact amount: 6117.69330151 DGB, and those are not coming from Bird's Pool.



The D96y4y74NUegfYJ8yn9chxbPLrRiypCF6V address massive payout looks like a possible red flag to immediately investigate. Almost a quarter a million DGB in a couple of hours!!!

Add: Another 61,000 or so in the last 30 minutes - at that rate, the take down would be just shy of 3 million a day (or almost 14% of theoretical production and 20% of actual discovery). Could that really be legit? With the payouts I saw from Bird's pool that should have gone to other addresses, I seriously doubt it.

Add 2: It's all Groestl and Crypto Hunger has got the hashrate to do this ( http://cryptohunger.com:81/tbs ) the sporadic payouts suggest this might be the case. But, the 2 payouts from Bird's pool? Orphans?

Wow, if that's the case, we're getting a concentrated hashrate issue due to someone not releasing all of his "proprietary" code . . .

Monopolization is a real issue in a supposedly decentralized crypto world.

Add 3:     srcxxx, I've sent you a PM alerting you to the fact that your proprietary pool currently, as of this writing, has over 50% of the DGB Groestl hashrate.

Interesting stuff ... but with 50% of Groestl that is still only half of one algorithm, i.e. 10% of the network. So not a huge issue.

There are some big hitters soaking up the rewards for the less popular algos (ie. not scrypt or Sha) and some of those are solomining ... be interesting to see how it works out in a few days after everything has calmed down.

[djnocide]

Only 3 BTC till 1 sat, damn. Lets hope there is _some_ news soon to push DGB up a bit (don't want a pump), because I really don't want DGB to drop that low.

With all the hashrate DGB got in the last week, you can be sure that most of those that helped get to block 145 000 won't hold this coin. they will dump no matter the price to get back to the coins they have in their portfolio. Sad but it happens, DGB is now a multi-algo (first to switch from single algo), dev just need to continue their great work and things will keep improving.

[djnocide]

DS9k6wEtinNUQULcqEMT4KM4TGzx7sKrVq
just made a wallet
can't wait to start trading

You've been doing this on more than 10 coins, what's the point of telling everyone your address? You want free coins? Get involved in the community, maybe one day you'll receive some, till then it might be considered spam.

[NZ_miner]

DS9k6wEtinNUQULcqEMT4KM4TGzx7sKrVq
just made a wallet
can't wait to start trading

You've been doing this on more than 10 coins, what's the point of telling everyone your address? You want free coins? Get involved in the community, maybe one day you'll receive some, till then it might be considered spam.

Good spot!

His recent post history is comical.

[srcxxx]

> srcxxx, I've sent you a PM alerting you to the fact that your proprietary pool currently, as of this writing, has over 50% of the DGB Groestl hashrate.

Hi HR!

I saw your message, but I'm not quite sure what course of action you are proposing.

Also, even if all the groestl algo miners were on cryptohunger, that wouldn't be 100% of DGB hashrate. That is the whole idea of multi-algo switch.

For the miners who only mine DGB to sell them straight away into BTC, I'm proposing to point your grs-sgminer 1.4 to stratum+tcp://boostpool.com:3333 and use your BTC address as login.

boostpool.com is a multipool with BTC payouts. All mined coins (which is 100% DGB now, as it is by far more profitable than MYR or SFR). Currently it is in Beta and the UI is total crap, but payouts are working just fine.
So some might want to hop in there to distribute the hashrate.

PS: The address that you mentioned is used for DGB payouts. So yes, there are lots of DGB coming in there, but then they are being sent out to miners.

Thanks
srcxxx

[KennyR]

Hello Digibyte & community,

Today i contacted litepaid to accept Digibyte on there payment platform and within a few hours they replied.

Digibyte is accepted!!    they told me it will be working from  tomorrow morning.   (4-9-2014)

This week i will be working on accepting Digibyte.

https://www.litepaid.com/
https://twitter.com/LitePaid


,24

ik stuurde ze een maand geleden de zelfde vraag naar 1 week kreeg ik te horen dat het gewoon ging gebeuren ({boosteken})
maar goed nieuws (ik zal jouw voortaan alles laten typen;), in plaats van ik...

waar is je winkel gevestigd, en wat verkoop je?
online en in de winkel, of alleen online?


OHHHHHHHHHHHH YEA!!!!!!!!!!!!!!!!!!!!!!

Please email us again. i cannot find any unhandled tickets.
:
some coins go quicker: bigger volume, exchanges etc...

[tdcooper99]

With all the hashrate DGB got in the last week, you can be sure that most of those that helped get to block 145 000 won't hold this coin. they will dump no matter the price to get back to the coins they have in their portfolio. Sad but it happens, DGB is now a multi-algo (first to switch from single algo), dev just need to continue their great work and things will keep improving.

I can only speak for myself...  but as one of those who threw significant hashpower at the network to push it along in the days leading up to the switch I can assure you I have never sold a single DGB, not now and in fact not at all in the history of the coin. I've mined a load and bought a load.... and intend to buy more. I'm still mining on scrypt with my own equipment at a significant loss, although that may come to an end soon as I am considering selling my ASICs. I'm holding for the day they are actually worth something and I can either buy directly or sell for real money, not fractions of a BTC.

[The_Cashier]

According to what i've read between Scrypt and Skein, 1mh (scrypt) is equivalent to 300mh (skein).
We have a median of 100mh on p2pool scrypt and 3gh on the skein p2pool. (just taking p2pool stats)
So 100mh scrypt is equivalent to 30gh skein if i'm right, so we have 10x time more power on Scrypt p2pool but we find much more less blocks on the Scrypt p2pool than Skein p2pool.
Correct me if i'm wrong but if i'm right that mean Skein is much more easier with 10x time less power... so their might be a problem with difficulty retargetting on Skein

[mez]

New Skein p2pool located on EU

http://meziti.nl:5031/static/

[istvandv]

According to what i've read between Scrypt and Skein, 1mh (scrypt) is equivalent to 300mh (skein).
We have a median of 100mh on p2pool scrypt and 3gh on the skein p2pool. (just taking p2pool stats)
So 100mh scrypt is equivalent to 30gh skein if i'm right, so we have 10x time more power on Scrypt p2pool but we find much more less blocks on the Scrypt p2pool than Skein p2pool.
Correct me if i'm wrong but if i'm right that mean Skein is much more easier with 10x time less power... so their might be a problem with difficulty retargetting on Skein

Taking the last 10 hours worth of data available from http://insight.dgb.cryptopoolmining.com I've come up with the following stats:

Groestl........185 blocks found
Qubit...........182 blocks found
Scrypt.........113 blocks found
SHA-256.....196 blocks found
Skein..........190 blocks found

based on blocks found, maybe the problem is on the difficulty retargetting on scrypt, all other 4 algos are about ~190

the difficulty should adjust such that a block is found every 30 Second Blocks (2.5 Min per Algo)

2 * 60mins * 10hrs = 1200 blocks
1200 / 5 = 240 blocks per algo in ten hours, but scrypt is way down only 113 blocks

[wegsturm]

According to what i've read between Scrypt and Skein, 1mh (scrypt) is equivalent to 300mh (skein).
We have a median of 100mh on p2pool scrypt and 3gh on the skein p2pool. (just taking p2pool stats)
So 100mh scrypt is equivalent to 30gh skein if i'm right, so we have 10x time more power on Scrypt p2pool but we find much more less blocks on the Scrypt p2pool than Skein p2pool.
Correct me if i'm wrong but if i'm right that mean Skein is much more easier with 10x time less power... so their might be a problem with difficulty retargetting on Skein

"1mh to 300mh" is equivalent to "100mh to 30gh". Each time its factor is 300

[HR]

Interesting stuff ... but with 50% of Groestl that is still only half of one algorithm, i.e. 10% of the network. So not a huge issue.

There are some big hitters soaking up the rewards for the less popular algos (ie. not scrypt or Sha) and some of those are solomining ... be interesting to see how it works out in a few days after everything has calmed down.

The issue isn't a 51% attack issue, it's a monopolization issue, or unfair competition if you will. His pool has an unfair advantage that basically eliminates other competing Groestl pools.

Hi HR!

I saw your message, but I'm not quite sure what course of action you are proposing.

Well, I wasn't really proposing anything as it was that I was simply documenting what I was seeing, but now that you've asked . . .

Your pool ( http://cryptohunger.com:81/ ) has an unfair advantage that makes other Groestl pools uncompetitive with you. We all know that is not fair, and no-one would argue that it is.

It's simple common sense: who would mine on any other pool when they could get a higher hashrate (and payout) on your pool with the same equipment? (All other things being equal and baring things like hidden fees, questionable payouts, and other similar issues that can cause a user to distrust - only distrust would cause someone to forego a more profitable opportunity, until the larger community steps in to enforce equal opportunity and general fairness that is.)

So you attract all mining to your pool and you make good money yourself. Sounds like a good capitalist proposition, but the problem is that your unfair advantage eliminates competition (other pools) and capitalism places a higher priority on competition than it does with one entity's individual desires to get rich at others' expense.

Therefore, the obvious proposal would be to correct the problem, and that would be done by addressing the unfair advantage, either by making it possible for other pools to use your optimized kernel, or by discontinuing its use on your pool (which would be easily verifiable).

[lucazane]

or change groestl to Neoscrypt

[tyson187]

I am not surprised about the price drop , 30sec block target and block reward 7647 , that means in 24h there will be more then 22milion new coins ,

if half of them get sold 11mil at 24sat , that would be around 2.75btc daily sell orders , but the buy orders are not increasing .

so I think the price will drop below 10sat in a few days , at this price we would see the same profitability like other coins and more stable and people would stop dumping them as soon as possible.

but I also could be wrong and I`m not ashamed to admit it .

[halinyo]

I am not surprised about the price drop , 30sec block target and block reward 7647 , that means in 24h there will be more then 22milion new coins ,

if half of them get sold 11mil at 24sat , that would be around 2.75btc daily sell orders , but the buy orders are not increasing .

so I think the price will drop below 10sat in a few days , at this price we would see the same profitability like other coins and more stable and people would stop dumping them as soon as possible.

but I also could be wrong and I`m not ashamed to admit it .

Imagine the total amount of mined coins gets close to 21 billion ? .... !!!
I do not want to make any price guess for that circumstance..... You know what it would be...

So therefore here I would like to hear from DigiByte, please let us know what would be the future of DGB...
Here is being a bit quieter and not hearing from him much for the future of the coin...

As I said before than anyone else, the price would be around 25 Sat at the first equilibrium. Can be found here when I said it 2 days ago: https://bitcointalk.org/index.php?topic=408268.msg8642194#msg8642194 .Unless giving a good roadmap and future work, it will continue going down and within a few weeks it will be X-XX SAT.

[lucazane]

the price will goes down for sure.

During the last month, the mining supply was very low due to multipool setting difficulty really high and leaving after.
Now, because blocks are generated fast and smooth, the mining supply is a lot bigger than before.

[The_Cashier]

I am not surprised about the price drop , 30sec block target and block reward 7647 , that means in 24h there will be more then 22milion new coins ,

if half of them get sold 11mil at 24sat , that would be around 2.75btc daily sell orders , but the buy orders are not increasing .

so I think the price will drop below 10sat in a few days , at this price we would see the same profitability like other coins and more stable and people would stop dumping them as soon as possible.

but I also could be wrong and I`m not ashamed to admit it .

20m is all i have since mining since the beginning of digibyte when diff was low . Maybe it's time to retire get some btc now and buy cheap after ... if it still decreasing... Holders like me will lose all the time they have been mining since 5 month...

[benjamoyne]

I am not surprised about the price drop , 30sec block target and block reward 7647 , that means in 24h there will be more then 22milion new coins ,

if half of them get sold 11mil at 24sat , that would be around 2.75btc daily sell orders , but the buy orders are not increasing .

so I think the price will drop below 10sat in a few days , at this price we would see the same profitability like other coins and more stable and people would stop dumping them as soon as possible.

but I also could be wrong and I`m not ashamed to admit it .

Imagine the total amount of mined coins gets close to 21 billion ? .... !!!
I do not want to make any price guess for that circumstance..... You know what it would be...

So therefore here I would like to hear from DigiByte, please let us know what would be the future of DGB...
Here is being a bit quieter and not hearing from him much for the future of the coin...

As I said before than anyone else, the price would be around 25 Sat at the first equilibrium. Can be found here when I said it 2 days ago: https://bitcointalk.org/index.php?topic=408268.msg8642194#msg8642194 .Unless giving a good roadmap and future work, it will continue going down and within a few weeks it will be X-XX SAT.

All details regarding the reasons behind the volume of coins should be in the first post and on the website.

More DigiBytes: 21 Billion DigiBytes will be created over 35 years.

    21 Billion DigiBytes vs. 21 Million Bitcoin in 100 + years.
    1:1000 ratio. There is 1 Bitcoin for every 1000 DigiBytes.
    Less price volatility with more DigiBytes in circulation.
    More transactions for every day Goods & Services.

Speed DigiByte transactions occur much faster that Bitcoin transactions.

    1-2 Second Transaction Notifications.
    60 Second DigiByte Blocks vs. 10 Minute Bitcoin Blocks.
    DigiBytes are confirmed after 6 minutes vs. 1 hour with Bitcoins.

Marketability & Usability: DigiByte is a very marketable brand to consumers.

    DigiBytes are much cheaper to acquire.
    $1 - $10 long term price target per DigiByte.
    Send 5 DigiBytes instead of 0.005 Bitcoin.
    Branding is easy for the average consumer to relate to.
    We have dropped the term “cryptocurrency” to avoid confusion.

If they were to fork and reduce the volume of coins, I'd be out in a flash because it would take away from the original mission statement.

Also forking to reduce total number of coins doesn't always lead to a price rise or stabilization, look at casino coin for an example.

Digibyte is one to hold, I've been mining and buying from the start. There has been steady development and a purpose from the start.

I think they said they were going to have a few days off rest, then hopefully an announcement!! 

[HR]

srcxxx,

Quick question that I hope you can clarify: all subsidies for blocks found on your pool ( http://cryptohunger.com:81/ ) have had 25% taken right off the top and sent to another address. What is the reason for that?

Here's the block explorer summary for Newly Generated Coins for blocks found by Crypto Hunger:
http://insight.dgb.cryptopoolmining.com/block/dd1f60e865d52fdc02561af3a5367d70a55ff51e9ed76eaae11fb620e38c4faa

As can be easily seen, there are two payout addresses:

D96y4y74NUegfYJ8yn9chxbPLrRiypCF6V
and
DBy3212dWAPPzPcyt5fSSchjyozyr5ejLw

When one follows the "money trail", one sees that there are indeed multiple payouts to multiple addresses (miner payouts) for D96y4y74NUegfYJ8yn9chxbPLrRiypCF6V .

HOWEVER, the other address, DBy3212dWAPPzPcyt5fSSchjyozyr5ejLw , has ONLY re-SENT coins to ONE address for a total of just over a million DGB and it also still has a current balance of just under another 3/4 of a million DGB!
http://insight.dgb.cryptopoolmining.com/address/DBy3212dWAPPzPcyt5fSSchjyozyr5ejLw

The address that has received the one million DGB, DRykTe2nXZpSX1KytPXjvPhGfCAXb4ZBM6 , has also received DGB from other addresses, has only sent 128,100 DGB and has a current account balance of 1,371,300.
http://insight.dgb.cryptopoolmining.com/address/DRykTe2nXZpSX1KytPXjvPhGfCAXb4ZBM6

That all means that, in less than four days, from Newly Generated Coins on Crypto Hunger, around 1.75 million DGB, or roughly 25% of subsidies, have NOT gone to miner payouts, but are currently "parked" in two separate accounts.

What's the purpose for this?

Just out of curiosity.