[ANN][DIGI] 2015 - 2017 (and currently) laboratory phase

[james42]

What do you anticipate the value becoming today Mario?

[MarioSPGroup]

What do you anticipate the value becoming today Mario?

Difficult to say, I can see that we have already 4.6 gH/s.
We will calculate it in 2-3 hours ;-)

[MarioSPGroup]

Ups and downs.
After yesterday's large power of mining network for DIGI we can observe today 3x lower power.
So adequately DIGI is depreciated today, after big appreciation yesterday.

[james42]

Mining power has been up above 2GH most of the day, let's hope it is reflected in the price

[MarioSPGroup]

Mining power has been up above 2GH most of the day, let's hope it is reflected in the price

But currently is under 1.3 gH/s at the price estimated for much over 2 gH/s as it was during the day

[MarioSPGroup]

The information which we added parallel by editing the root post [#1] https://bitcointalk.org/index.php?topic=934548.msg10246764#msg10246764 of this thread.

We finished a "TRAILER" phase of DIGI a coin for crowdtrading. "Trailer" was that we have been trying any adoption this coin on the market. We have been testing crowdtrading by BTC and we have been looking for soon implementation of DIGI. We have been seeking all your opinions, searching for partners, etc.
This "TRAILER" phase finished on 20th February 2015 with thoughts mentioned below in "PART 0 - conclusions after TRAILER phase".
Currently we are in the "COMING SOON" phase which takes about 3 months.
More about it in the below "PART 1 - COMING SOON - scope of work".

PART 0 - conclusions after TRAILER phase

1. DIGI was not often used in TRAILER phase as a profitable mining scrypt coin, profitability was many times better than relevant mining of LTC (as a daily production converted to BTC), but number of active miners has not been growing up significantly during the TRAILER phase. Also we have faced that very profitable mining of this coin isn't a driver to improve a number of DIGI users.
2. Crowdtrading is to be reconfigured during COMING SOON phase as mentioned in below description of "PART 1 - COMING SOON - scope of work"
3. There are many new business approaches which have to be explored during COMING SOON phase.

PART 1 - COMING SOON - scope of work

Around three months for doing:

0. Still supporting the mining activity on DIGI as it is today.

1. Design our new UK licensed crowdfunding platform integrated with capitalDIGI.com, where DIGI will be the most important element to execute the whole process. The new platform will be finally licensed in the BETA RELEASE phase (after current "COMING SOON" phase") and it will be dedicated to be a source for crowdtrading startups in capitalDIGI. IN THIS PLATFORM EACH OWNER OF DIGI WILL HAVE A SPECIAL POSSIBILITY TO CONVERT HIS DIGI TO THE CRYPTO SHARES BY THE SIGNIFICANT DISCOUNT.

●   Detail exploring and understanding by FCA specialists our existing platform capitalDIGI.com especially functioning trade of altcoins and digital tokens here
●   Breaking down our business model for the crowdfunding site by FCA specialists
●   Understanding by FCA specialists the existing technology available for crowdfunding
●   Discussing by FCA specialists with our current team for crowdfunding and any outstanding skills needed
●   Identifying our financial model by FCA specialists for the crowdfunding site
●   Discussing with FCA specialists the customer support aspects of the site and operational needs
●   Designing the basic process flow for offering crowdfunding in the form of cryptoshares or PoS coins apart from typical fiat currencies fundraising which will be applied typically for the platform
●   Exploring by FCA specialists how the secondary market will work for cryptoshares or PoS altcoins
●   Understanding by FCA specialists the full architecture of the technology to be used and the interaction of the decentralised and centralised platform
●   Discussing with FCA specialists with the technical team what technical adjustments are required to the crowdfunding site to accommodate fiat currencies, cryptoshares or altcoins (including PoS)
●   Discussing with FCA specialists with the technical team what client applications will be used to store the fiat currencies, cryptoshares or altcoins (including PoS) outside of the crowdfunding site

2. Launching our social lending network where DIGI and capitalDIGI.com will be the most important internal transactions system. It will be an additional frontend designed for external users (from the fiat currency market) where they will not see that DIGI is a middleware. So that will be a result that owners of DIGI will have possibility to trade internally on capitalDIGI by the huge discount in comparison of external users on the fiat market.

3. Starting our fundraising project on crowdondigi.com focused on the crypto-currency world which will help us finalize BETA RELEASE phase for the common cryptofunding +cryptotrading (as mentioned in point 1.) Owners of DIGI will have SPECIAL OFFER to transfer DIGI into shares of our company.

4. Starting experiment using DIGI as discount token in the chosen shopping network ready to buy it by a typical consumer. It will help owners of DIGI to sell DIGI through capitalDIGI in better price than normal rate BTC/DIGI.

As a summary of the scope - we will try to adjust more business adoption of DIGI than only mining.

[hdmediaservices]

So do the Lifeforce mining pool issues have anything to do with it being February 20th?  Or is it an issue on their end?

[MarioSPGroup]

So do the Lifeforce mining pool issues have anything to do with it being February 20th?  Or is it an issue on their end?

There is on their end, on digi.maxminers.net mining pool is everything OK what I can see.

[james42]

I also am having no problems mining

[MarioSPGroup]

The network mining power for last day (and currently) has been several times lower than 3-4 day ago (currently about 1/9 of the last max), also similarly difficulty, then the rate of BTC/DIGI comes to level of <0.000020. 

[hdmediaservices]

Ok - I'll create a reliable and fast pool to mine your coin.  You should see the hash go up by 2Gh/s in the next 48 hours.

[MarioSPGroup]

Ok - I'll create a reliable and fast pool to mine your coin.  You should see the hash go up by 2Gh/s in the next 48 hours.

Good, it will be fine thing for such part of miners who want to have DIGI not to sell them immediately to BTC, but also to use DIGI in business applications to have alternative profit. MIning pool will enable them to have DIGI in low prices than from the exchange.
I'm going to announce first two business features today on this forum.

[james42]

Excited to hear about the business features, looking forward to them

[hdmediaservices]

Ok - I'll create a reliable and fast pool to mine your coin.  You should see the hash go up by 2Gh/s in the next 48 hours.

Good, it will be fine thing for such part of miners who want to have DIGI not to sell them immediately to BTC, but also to use DIGI in business applications to have alternative profit. MIning pool will enable them to have DIGI in low prices than from the exchange.
I'm going to announce first two business features today on this forum.

Ok - so will there be buyers for coins that we mine?  Or is it not worth going through the effort in adding 2Gh/s?  I'm looking to mine and eventually sell at a good price.  When I understand your business concept and trust has been established - then I would consider holding coins for other things.

Common sense I suppose.  You went from almost 5000 sats down to 2500 on February 20th.  So right now it isn't worth mining - unless the coin price will follow the hash?  Now it is at 1800+ sats. 

I guess what comes first - the chicken or the egg?

[james42]

Hopefully the new business features will help drive the price up, otherwise it will not continue to be profitable to mine.

[MarioSPGroup]

Ok - I'll create a reliable and fast pool to mine your coin.  You should see the hash go up by 2Gh/s in the next 48 hours.

Good, it will be fine thing for such part of miners who want to have DIGI not to sell them immediately to BTC, but also to use DIGI in business applications to have alternative profit. MIning pool will enable them to have DIGI in low prices than from the exchange.
I'm going to announce first two business features today on this forum.

Ok - so will there be buyers for coins that we mine?  Or is it not worth going through the effort in adding 2Gh/s?  I'm looking to mine and eventually sell at a good price.  When I understand your business concept and trust has been established - then I would consider holding coins for other things.

Common sense I suppose.  You went from almost 5000 sats down to 2500 on February 20th.  So right now it isn't worth mining - unless the coin price will follow the hash?  Now it is at 1800+ sats. 

I guess what comes first - the chicken or the egg?

Hi, understood, but this is naturally your choice - the dilemma is the same like by other non-mainstream scrypt altcoins. Nobody there can guarantee that mining is more profitable than by another coin. So we don't guarantee it.
I don't know the whole market, but we have the unique proposal where all mined coins can be bought back, so this is a first important argument. But we don't guarantee that anybody sets 100 gH/s for mining DIGI and then such guy will sell immediately all his coins in the price of 100x than when he use 1 gH/s. I think only mainstream coins (especially Bitcoin, Litecoin) guarantee such line interaction, we are still on the beginning and very small at this moment. We can develop step-by-step. So today we can guarantee the level as is.
 

[MarioSPGroup]

Hopefully the new business features will help drive the price up, otherwise it will not continue to be profitable to mine.

At the current mining power network when is around 1.0 gH/s:
- there is crafted daily about 17,000 DIGI, it means (by current low rate) about 17,000 x 0.00001850 = 0.3145 BTC
- from 1 gH/s on Litecoin is today daily estimation of around 0.1819 BTC (https://bitcoinwisdom.com/litecoin/calculator)

So I think there will be some guys who are mining Litecoin today, but they will be glad at mining DIGI and not only selling it to BTC on capitalDIGI.com, but waiting for any further appreciation of DIGI to BTC ;-)

[james42]

I'm not mining LTC that's for sure. Will just hoard my DIGI until the price appreciates, or you guys give me something to spend it on

[MarioSPGroup]

ANNOUNCEMENT of the new additional business feature for DIGI and capitalDIGI - engine and data system for social lending.

Dear All,
This is a new business feature which will be managed on our exchange by using DIGI. We present it for you from the internal (engine) point of view, before presenting it to users on fiat currency market system. Both elements 1. subsystem (engine) based on DIGI and capitalDIGI 2. business feature for users from fiat currency market are integrated. Here on bitcointalk.org is presented only a subsystem reagrding DIGI and capitalDIGI.
All DIGI miners will have possibility to use this system internally (from the side of capitalDIGI.com) apart from external users (which will use it on the interface located in fiat currency world).

We will set-up capitalDIGI.com in 2-4 hours to present possibility to use the business feature internally. SO PLEASE WAIT FOR THIS to have all questions.
The alone internal sub-system will be working in such way during next 7-30 days till launching the interface for users of fiat currencies, so we can together to test all rules for this business feature. DIGI miners can start using it to get profits now, when they have sufficient amount of DIGI.
We have very strong business partners to launch the social lending system (so the external interface) in fiat currrency world, as based on our DIGi and capitalDIGI subsystem.

Description:

This below text describes shortly rules for social lending which uses DIGI, dBorrowXXX (look at the below example that XXX can mean EUR for example) and capitalDIGI.com as the internal subsystem of elements and engine for social lending.
The external interface (for a social lending user from a fiat currency market) has been designed and it comes to the beta testing (currently unavailable for public). From the capitalDIGI crowdtrading exchange is possible to see how the internal engine works (without an external interface) to use all features of the exchange. So you can use it to start earning money now, when you have sufficient amount of DIGI.
Here is an example of rules for the social lending market for EUR currency:
1.   dBorrowEUR is a token of creditworthiness, so if you have dBorrowEUR then you can borrow EUR, dBorrowEUR is always = 1 EUR
2.   DIGI is a token of system liquidity so, if you buy DIGI by dBorrowEUR then you have possibility to have EUR
3.   dEUR is a token of the real EUR to be sent to the bank account, dEUR is always = 1 EUR
4.   There is the appreciation of DIGI to dEUR ever in the system – from 20 to 100%  (minimum and maximum will be defined) in a year, and it “must be” (!) all the time because there is a crucial element of make a profit to lend money in social lending system
5.   Each new user in external system gets from capitalDIGI an amount dBorrowEUR on the beginning (by the registration) representing 20 EUR what means that capitalDIGI takes risk of amount for this user. But each customer in external system is verified under AML (it is not needed for internal users of DIGI in capitalDIGI).
6.   What is “I want to borrow 18.09 EUR” on the external system? This is an ask offer in capitalDIGI.com exchange to sell 18.09 dBorrowEUR for DIGI on the exchange (remember each day DIGI is appreciated to EUR....).
7.   What is “The loan is ready to be prepared” on the external system? This is that ask offer is executed and the user has DIGI on his account.
8.   What is “Prepare the loan finally” on the external system? This is an ask offer in capitalDIGI.com exchange to sell this amount of DIGI for dEUR on the exchange (remember each day DIGI is appreciated to EUR....).
9.   What is “The loan is prepared” on the external system? This is that ask offer is executed and the user has dEUR on his account.
10.   What is “I am taking the loan to my bank account” on the external system? This is that capitalDIGI sends EUR to the user bank account and takes dEUR from his account.
11.   What is “I want to prepare repayment of my loan” on the external system?  This is that an user credit EUR to capitlDIGI.com and gets dEUR.
12.   What is “Do my loan is repaid” on the external system?  This is that  bid offer is executed and the user has DIGI on his account.
13.   What is “Prepare my current creditworthiness” on the external system?  This is that bid offer is executed and the user has dBorrowEUR on his account. System calculates how many lending actions the user repaid and captialDIGI gives more dBorrowEUR to the user with each positive finished lending action.

The additional rule on the external system is that EUR is transferred by wire transfer to the user when the amount of dEUR is more than 100 EUR due to the SEPA fee.

What is a place for DIGI miners? They have opportunity to be internally in all dEUR/DIGI and DIG/dBorrowEUR transactions with their coins having better results than on BTC/DIGI market. They have a gurantee that each day DIGI is appreciated to EUR. Remember that DIGI miners will not be AML verified like external users of the social lending system.

Why borrowers want to repaid their loans? Because they are verified under AML so they can be taken to responsibility by no-repayment. But more important is that they want to have the next loan in the system, so they have to repay the previous loan.

[james42]

I think I almost understand