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

[24hralttrade]

HR,
 What data and assumptions is this based off?

Thanks,
YC

Start point data was based on money supply and block reward as of yesterday, and the projections are based on the 0.5% block reward reduction every 10,080 blocks and the assumption that the smoothed, long term block discovery rate equals the current rate.

Good question. Thanks for asking. I thought it was evident, but by the looks of the lack of response, I think you were not alone in wondering. I've also edited the original to include that information.

Thank you HR it looks really promising.
Already seeing myself on the Bahama beaches with millions of Digibyte's to spend

What date exactly Digibyte turns 1 year?
Might want to organize something to get some more and more attention?


24

[tdcooper99]

Start point data was based on money supply and block reward as of today,
and the projections are based on the 0.5% block reward reduction every 10,080 blocks
and the assumption that the smoothed, long term block discovery rate equals current rates.

This has actually highlighted something that I have occasionally wondered but never got around to asking. As block rewards drop lower and lower, and indeed approach zero...  who is going to bother mining? Without miners, who then verifies transactions? Perhaps at that point the distributed infrastructure exists simply to support the payment network? But... who owns it? Makes you wonder if at that point we come full circle with centralised control once again?

[ycagel]

My understanding is DGB becomes one year old in Jan 2015.

YC

HR,
 What data and assumptions is this based off?

Thanks,
YC

Start point data was based on money supply and block reward as of yesterday, and the projections are based on the 0.5% block reward reduction every 10,080 blocks and the assumption that the smoothed, long term block discovery rate equals the current rate.

Good question. Thanks for asking. I thought it was evident, but by the looks of the lack of response, I think you were not alone in wondering. I've also edited the original to include that information.

Thank you HR it looks really promising.
Already seeing myself on the Bahama beaches with millions of Digibyte's to spend

What date exactly Digibyte turns 1 year?
Might want to organize something to get some more and more attention?


24

[ycagel]

Does the current dependency on BTC prices have any impact on this chart? For example, you may be attaining double the value if you purchase DGB at 15 satoshi and BTC is at $470 and it rises to 20 satoshi and BTC is at $550.

Just curious.

YC

Start point data was based on money supply and block reward as of today,
and the projections are based on the 0.5% block reward reduction every 10,080 blocks
and the assumption that the smoothed, long term block discovery rate equals current rates.

This has actually highlighted something that I have occasionally wondered but never got around to asking. As block rewards drop lower and lower, and indeed approach zero...  who is going to bother mining? Without miners, who then verifies transactions? Perhaps at that point the distributed infrastructure exists simply to support the payment network? But... who owns it? Makes you wonder if at that point we come full circle with centralised control once again?

[marada]

I think the problem is that DGB core miners have no experience with qubit algo. Qubit is now very profitable now but hashrates and the diff are very low. It is why do we have so many dumps from clever qubit miners. I know it because some my friends from CDT coin started mining DGB with qubit and have extraordinary profits even at the current low DGB price.

[halinyo]

I think the problem is that DGB core miners have no experience with qubit algo. Qubit is now very profitable now but hashrates and the diff are very low. It is why do we have so many dumps from clever qubit miners. I know it because some my friends from CDT coin started mining DGB with qubit and have extraordinary profits even at the current low DGB price.

That is the problem. I think profitability should be likely equally the same from different mining algorithms... But the control if that is very difficult.
But to be honest, some people have already stopped selling this cheap because they know the price will explode later sometime.

[marada]

I think the problem is that DGB core miners have no experience with qubit algo. Qubit is now very profitable now but hashrates and the diff are very low. It is why do we have so many dumps from clever qubit miners. I know it because some my friends from CDT coin started mining DGB with qubit and have extraordinary profits even at the current low DGB price.

That is the problem. I think profitability should be likely equally the same from different mining algorithms... But the control if that is very difficult.
But to be honest, some people have already stopped selling this cheap because they know the price will explode later sometime.

I also mine with qubit and do not dump. Anyway there are other miners dumping immediately. Easy coins always result with massive dumps.
DGB core miners must learn mining with qubit or we can get back to the merged mining concept to protect against too low difficulty and dumps.

[Ivanech]

Yesterday I switched one of my Rigs to DGB and was very pleased with mining via Groestl algorithm. The profit is at least 2.5x compared to X11 whilst cards running very cold.

And going to run more tests with other algos. I have another Rigs with the same configuration and will test Groestl, Qubit and Skein simultaneously the same time and same hardware to compare what algo is most profitable in the terms of GPU mining.

[tdcooper99]

I think the problem is that DGB core miners have no experience with qubit algo. Qubit is now very profitable now but hashrates and the diff are very low. It is why do we have so many dumps from clever qubit miners. I know it because some my friends from CDT coin started mining DGB with qubit and have extraordinary profits even at the current low DGB price.

That is the problem. I think profitability should be likely equally the same from different mining algorithms... But the control if that is very difficult.
But to be honest, some people have already stopped selling this cheap because they know the price will explode later sometime.

DGB core miners must learn mining with qubit or we can get back to the merged mining concept to protect against too low difficulty and dumps.

I would consider myself a "core" Digibyte miner, and to be honest I had never considered mining with Qubit... when the multi-algo finalists were announced the only 2 I cared about were SHA and Scrypt, as those are the only 2 algos I can seriously mine with the gear I have.  However, I've realised I do have loads of idle CPU cycles just sitting in my vSphere box, so I'm thinking I might have a go at Qubit CPU mining from a VM. Just for the hell of it I've configured a VM to solo mine qubit ...  but I have no concept of what sort of hashpower it will take to discover a block. My Ubuntu wallet seems to be hashing away:

Code:

"blocks" : 163428,
    "currentblocksize" : 1000,
    "currentblocktx" : 0,
    "pow_algo_id" : 4,
    "pow_algo" : "qubit",
    "difficulty" : 27.63622946,
    "difficulty_sha256d" : 199103.52300983,
    "difficulty_scrypt" : 87.16752915,
    "difficulty_groestl" : 865.08020555,
    "difficulty_skein" : 3558.11563850,
    "difficulty_qubit" : 27.63622946,
    "errors" : "",
    "genproclimit" : -1,
    "pooledtx" : 0,
    "testnet" : false,
    "generate" : true,
    "hashespersec" : 107891

Anyone doing this?

[marada]

Code:

"blocks" : 163428,
    "difficulty_qubit" : 27.63622946,

I think I don't need to comment...

[tdcooper99]

Code:

"blocks" : 163428,
    "difficulty_qubit" : 27.63622946,

I think I don't need to comment...

You don't need to comment on what? The low difficulty? I agree, you already commented on that. My post was about something else.

[marada]

Code:

"blocks" : 163428,
    "difficulty_qubit" : 27.63622946,

I think I don't need to comment...

You don't need to comment on what? The low difficulty? I agree, you already commented on that. My post was about something else.

Qubit is still CPU mineable but it is really GPU algo nowadays.

Simple R9 270 Radeon card gives 3,2 MH/s. I don't understand why nobody is mining with qubit.

You need to start or DGB will suffer from too low hashrates and dumps.

[tdcooper99]

Code:

"blocks" : 163428,
    "difficulty_qubit" : 27.63622946,

I think I don't need to comment...

You don't need to comment on what? The low difficulty? I agree, you already commented on that. My post was about something else.

Qubit is still CPU mineable but it is really GPU algo nowadays.

Simple R9 270 Radeon card gives 3,2 MH/s. I don't understand why nobody is mining with qubit.

You need to start or DGB will suffer from too low hashrates and dumps.

Oh I see. I got rid of my cards unfortunately. I've got nothing to lose really by chucking a little bit of CPU at it I suppose...  but like everything else in cryptos, it's about GPUs and ASICs.

[marada]

Try mining with CPU. Don't expect too much, but qubit is still cpu-friendly. Compile the miner with "-march=native" to get better results.

[tdcooper99]

Try mining with CPU. Don't expect too much, but qubit is still cpu-friendly. Compile the miner with "-march=native" to get better results.

What miner you recommend? I am currently just soloing with digibyted...

[marada]

Try mining with CPU. Don't expect too much, but qubit is still cpu-friendly. Compile the miner with "-march=native" to get better results.

What miner you recommend? I am currently just soloing with digibyted...

For CPU I could recommend https://github.com/ig0tik3d/QubitCoin-cpuminer-v.1.1
I can't recommend mining solo with CPU! You better move with your CPU mining to dgb-qubit.theblocksfactory.com

[tdcooper99]

Try mining with CPU. Don't expect too much, but qubit is still cpu-friendly. Compile the miner with "-march=native" to get better results.

What miner you recommend? I am currently just soloing with digibyted...

For CPU I could recommend https://github.com/ig0tik3d/QubitCoin-cpuminer-v.1.1
I can't recommend mining solo with CPU! You better move with your CPU mining to dgb-qubit.theblocksfactory.com

Thanks, I'll compile now and get it going.

[Scyntech]

Just started mining with Qubit this morning with my 7850 at 2198M. The card is OC'd a little and I haven't messed with the Qubit  default settings

[marada]

Just started mining with Qubit this morning with my 7850 at 2198M. The card is OC'd a little and I haven't messed with the Qubit  default settings

I don't have 7850 but it seems your settings are suboptimal. I can get 2,1 MH/s with 7790.

[tarzanbigcity]

Qubit is paying about the same with Groestl right now following my previous days numbers on various pools. Don't think that switching is going to have any major effect on your profits. I think the only difference is in power consumption with Qubit. If you in an area where you pay more for power then its probably marginally worth it.