With ASICs on the horizon should DigiByte switch algorithms?

[Gazza1]

With all the recent Scrypt ASIC news we are strongly considering switching DigiByte to a more ASIC resistant algorithm to ensure a more fair mining opportunity for everyone. Our goal since day one is to make sure there is not centralization of hashing power or technology with DigiByte.

Please explain the reason for your vote and if you voted yes please list and provide a link to the algorithm you support.

Also, if anyone has any case studies of a coin hard forking and switching algorithms please post a link.

switch to X11 algo

+1

2.5x more efficient hashing yet runs 20C cooler and consumes 30% less energy. Why would a PoW coin use anything else?

Agreed for sure.  X11 ALL THE WAY, it's what we all have been waiting for

[coa032]

Why dont you think about qubit algo? While I was mining qubitcoin few days ago my gpu temp was ~50C,fans 35% and hashrate with r9 270x 3,1MHs. I think that would be great move and digibyte would be the second one with that algo,first is qubitcoin. Also it is asic resistant which is great. On the other side we have x11 algo and there are already few coins that use it. Just think about it and sorry for my english.

[flipme]

The talk about changing algos won't go away anymore.
I'm doing Darkcoin since yesterday and I already enjoy the silence and lack of heat mining X11.
My power bill will be cut in half. The chart for the coin looks amazing.

A lot of the hassle regarding fundamental changes in the software would be taken away, if there were an in-app update method contained in the wallets.

[NRocket]

If it will increase the value then I would go with x11. Either that or n-scrypt.

[DigiByte]

While we understand the urgency of changing quickly but there are several things that need to be analyzed first. This is not a move we want to make without doing our homework. It could have disastrous consequences.

For those who are new to the crypto community there was a type of mining hardware developed for mining Bitcoin before ASICs known as FGPAs. They were essentially an improved, specialized graphics card the only worked for mining Bitcoin mainly used in 2012 beginning of 2013. They were rendered obsolete by Bitcoin ASICs but there are still a lot of them out there with nothing to do at the moment.

We have heard some reports of people using FGPA's to mine X11. We need to verify whether this is possible or not as this would give a very tiny part of the crypto community a huge mining advantage.

[aws]

I like X11 for it's lower electricity use, less heat generation and slower (quieter) fan utilization.
I do realize that the above is due to inefficiency of the algo, but i still prefer it over scrypt for summertime GPU mining

[aws]

In the long run (think few years out), the network really can't run on gpus... if Digibyte becomes a serious online medium for exchanging goods and services, ASICs will play an important in securing the blockchain and maintaining a high hash rate at a fraction of the power. Even today 10 gridseeds can put out 3.5Mh of hashing power at just under 70 watts. GPUs waste energy. Just my two cents.

very true, but GPU only mining lets the little guy play too.

[ScottWilson]

GPU miners only want their hardware to work. DigiShield was all the fix any coin needed. Scrypt asics aren't the multiple orders of magnitude more powerful than GPU's like sha256 was because scrypt is a lot harder to "game". You end up with an asic that is marginally better. Switching algorithms means that huge farm GPU guys (the children whining) can monopolize a coin. At least right now someone hobby mining can go buy a gridseed for a hundred bucks and compete. Switching algorithms is pointless, and a huge waste of time that only benefits the whiny GPU miner.

But more importantly.... look what happened to Blackcoin. They ended up having to set up a compromise multipool just for their coin because nobody likes weird algorithm coins. They all fail. Switching the algorithm will kill Digibyte. People don't like unpopular algorithms. Those coins all fail.

[tarzanbigcity]

I thought the point was to make DGB a multi algo coin? So with Sha256 and Scrypt being minable (like myriad) it doesnt cut anyone out of the game. If you add in x11 it gives everyone the advantage of mining and acquiring coins.

I always liked the idea of a multi algo coin covering, Sha256, Scrypt, X11 and POS. Basically 3 efficient ways of mining the coin (depending on platform) and 1 more to incentiveize holding and steaking coins. Preventing dumping.

[devphp]

Merge-mine with doges.

[DigiByte]

I thought the point was to make DGB a multi algo coin? So with Sha256 and Scrypt being minable (like myriad) it doesnt cut anyone out of the game. If you add in x11 it gives everyone the advantage of mining and acquiring coins.

I always liked the idea of a multi algo coin covering, Sha256, Scrypt, X11 and POS. Basically 3 efficient ways of mining the coin (depending on platform) and 1 more to incentiveize holding and steaking coins. Preventing dumping.

This is an interesting idea. Multi-algo plus POS.

[Priceslide]

anything ever decided here? is the DigiByte dev team still around?

[cryptmebro]

anything ever decided here? is the DigiByte dev team still around?

Yes, check the main dgb thread.

[chairoverflow]

If they don't switch algorithm,big miners will take away most of the coins.