Pages:
Author

Topic: [ANN][DGC] Digitalcoin | Multi-algo & Masternodes | Established 2013 - page 68. (Read 523584 times)

legendary
Activity: 1624
Merit: 1001
All cryptos are FIAT digital currency. Do not use.
YES ! 2 DGC, keep it under your hat, mystery P2P blocks for all ! Roll Eyes
legendary
Activity: 966
Merit: 1052
Please visit the website and download the new version released today. It is a mandatory update and you need to update ASAP if you use a downloaded wallet or run a service.
sr. member
Activity: 644
Merit: 250
mining with 330khs isn't porfitable or am i wrong ?

It's not what it's worth now, but what it will be worth...

K.
member
Activity: 112
Merit: 10
mining with 330khs isn't porfitable or am i wrong ?
newbie
Activity: 56
Merit: 0
This is one of the few coins I've been watching and I'm quite optimistic about its future. Coins with strong devs and logical ideas certainly seem like they could do the best (after the market finishes crashing at least).

Would there be any way for devs to combat multipools where they flood a particular coin until the difficulty goes up and then leave again? Would it just be quicker difficulty retargeting?

I prefer to mine a single coin and not have random amounts of useless things but it means the difficulty bounces around all over the place whenever a multipool swings to that coin Sad

I guess the only real solution would be to implement a different algorithm that can't be mined the same as other coins?
legendary
Activity: 2646
Merit: 1722
https://youtu.be/DsAVx0u9Cw4 ... Dr. WHO < KLF
Fellow digitalcoin / Securecoin users, traders and miners...

How to mine Securecoin with 16 high powered CPUs for around 13 days (approx.) for FREE !!! - sign-up works for UK and USA.

More info via the digitalcoin.co forum - http://digitalcoin.co/forums/index.php/topic,616.msg3332.html#msg3332

Other countries should be able to get the windows Azure free trial account as well.

Happy holidays !  Smiley
newbie
Activity: 51
Merit: 0
Yeah I looked at multipool briefly but came to the same conclusion that you offered: while you are mining the instanteously most profitable currency, it doesnt matter much unless I am pulling it out as usd immediately after being mined.  That and the other point you made that you end up with lots of small amounts of different currencies are a real turn off.

I decide, as you suggested, to just ride out the highs/lows as itll even itself out in the end.

sr. member
Activity: 420
Merit: 250
Bayern
Now would be a great time for Cryptoave to start trading while Bitcoin is down.

Digitalcoin would skyrocket with the proper marketing for USD.
legendary
Activity: 1526
Merit: 1001

DGC will be less dependent on BTC as soon as we have CryptoAve, meaning price will rise also.

I started mining DGC recently mainly b/c of this. That said, watching the network hash rate and difficulty yo-yo back and forth while my round shares plummeted made it really difficult to not point my miners back to LTC.

But I relented and i'm still hashing away with dgc.  Seriously, watching the hash rate skyrocket and difficulty take off soon there after is just really depressing as my estimated dgc/day drops.

Add to it having some colleagues send me updates whenever dgc falls behind LTC on those profitability calculators (only for it to swing right on over after the next difficulty change).



If you are anxious to mine DGC only when it's most profitable you might want to look at mining at a multipool and never worry again about mining the most "efficient" coin with low diff and "highest" market price at the moment.

However, the downside to that is that you end up with a lot coins that shouldn't be supported by mining imo. Then, you will have to worry about selling these coins for the right price, some of which might never have a future.

Mining, therefore, is about making a choice, unless you plan to sell your coins the very moment you mined them. You will miss out massively on future gains though. Otherwise, higher and lower diffs will average out your income for mining, so a few coins more or less shouldn't matter.
newbie
Activity: 51
Merit: 0

DGC will be less dependent on BTC as soon as we have CryptoAve, meaning price will rise also.

I started mining DGC recently mainly b/c of this. That said, watching the network hash rate and difficulty yo-yo back and forth while my round shares plummeted made it really difficult to not point my miners back to LTC.

But I relented and i'm still hashing away with dgc.  Seriously, watching the hash rate skyrocket and difficulty take off soon there after is just really depressing as my estimated dgc/day drops.

Add to it having some colleagues send me updates whenever dgc falls behind LTC on those profitability calculators (only for it to swing right on over after the next difficulty change).

legendary
Activity: 1526
Merit: 1001
Why are people dumping DigitalCoin?


You gotta have faith in it

It has to do mainly with the BTC price decline. Because of bots and arbitrage, everything is connected. BTC going down affects almost all alt currencies. Look at LTC, for example. It was 30 Dollars yesterday and 0.036 BTC. BTC loses a few hundred dollars, effectively meaning 0.036 BTC are now worth much less than 30 Dollars. In order to make money, people sell "high" for 30 Dollars until LTC is now effectively 20 Dollars. As a result, 0.036 is overvalued for LTC/BTC. It will go down to reflect lower USD price. Of course, there are moments of relative emancipation but unless people can buy LTC (or DGC for that matter) for USD as easy as they can buy BTC, this ratio won't change.

I hope this makes sense. DGC is, in fact, pretty strong right now. Just because the projected market cap goes up when BTC rises, it doesn't mean an alt is actually worth this price either. In fact, the market cap watch does not say a whole lot, but can only reflect trends.

Hold DGC, or if you just started getting to know about DGC, buy and mine. BTC will go back up in the future and DGC will be less dependent on BTC as soon as we have CryptoAve, meaning price will rise also.
sr. member
Activity: 420
Merit: 250
Bayern
Why are people dumping DigitalCoin?


You gotta have faith in it
legendary
Activity: 1526
Merit: 1001
If anyone is sick and tired of DGC trading at Cryptsy (or failing thereof), Vircurex supports DGC.

Volume is still low (hopefully will rise now) and the design sucks. But it works. At least the exchange has been reliable for years.
They even pay interests now on BTC, PPC, and LTC. Check my signature, not sure if referral program is still active now that they pay interests, but worth a try.
legendary
Activity: 1526
Merit: 1001
My IP range is banned, I have funds on pool ?!?! What to do?
on www.digitalcoinpool.com


Please pool owner contact me on private.

Use another pool.
legendary
Activity: 2716
Merit: 1094
Black Belt Developer
android wallet can't connect again, 37 hours behind :-/
full member
Activity: 202
Merit: 100
My IP range is banned, I have funds on pool ?!?! What to do?
on www.digitalcoinpool.com


Please pool owner contact me on private.
sr. member
Activity: 420
Merit: 250
Bayern
I'm holding long term. I see big things for this coin, really gives me a sense of calm.
legendary
Activity: 1526
Merit: 1001
The price is now about the same as on the 12th of December; half way on the rise.

I'm going to join the miners again if the Network Hashrate and therefore the Difficulty decreases again, as it's really high. Untill then, I'll keep stacking up my DGC Cheesy (by trading).

I do the same. Bought up some coins just now. Not sure your mining strategy will work out though, there is a good chance the hashrate will not significantly decrease anymore.
legendary
Activity: 1050
Merit: 1007
Live like there is no tomorrow!
The price is now about the same as on the 12th of December; half way on the rise.

I'm going to join the miners again if the Network Hashrate and therefore the Difficulty decreases again, as it's really high. Untill then, I'll keep stacking up my DGC Cheesy (by trading).
legendary
Activity: 1526
Merit: 1001
Heavy trading this morning and BTC waves affecting the DGC price.

Great buying opportunity for our beloved DigiCoin right now.

Meanwhile highest miner support (ever?): Network Hash Rate: 3176.00 M/H
Pages:
Jump to: