Author

Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1156. (Read 3059020 times)

legendary
Activity: 840
Merit: 1000
When do you expect block 400k to be hit?

Never mind, 37 days. Well, I hope DGB didn't reach 1 sat by then.

The 1st post answer your question with some maths  Wink

30 sec per block => this means 120 blocks/hour | 2880 blocks/day. We are actually at block 346000 (approximately). To reach block 400000, miners have to discover 54000 more blocks.

Conclusion :

54000/2880=18.75 days. On 8th december, block 400000 will be discovered.

You're welcome.

Aahhh, I thought it was 60 sec blocks. Okay, makes sense.
sr. member
Activity: 266
Merit: 250
DigiByte? Yes!
Your figures are wrong, you didn't really take compounding into account....


    B) Change reduction from 1% per week to 1% per month. (12% annual reduction compounded monthly)
 

1% compounded per month is about an 11.3% annual reduction, not 12%.




This makes DigiByte attractive to an investor for the following reasons:

...

    *Bitcoin reward reduces 50% every 4 years, DigiByte has a monthly compound reduction of 48% every 4 years

At the new rate, Digibyte would have a reduction of about 38.3% after 4 years, not 48%.
sr. member
Activity: 254
Merit: 250
I have a Macbook Pro and still I've opened the contents of the Digibyte wallet and there isn't a .Dat file anywhere.

Where should it be!!!!?

Its under your user folder/Library/Application Support/DigiByte/.

Make sure your "library" folder is visible in your finder preferences.


There isn't a Digibyte folder in application support :S

Noo not in the Library. There is no Digibyte Folder.

Go to User/yourname/Library/Application Support/Digibyte/

I have every single folder! Also tried searching it in spotlight support...

There is a Wallet.DAT file

Done it!!!!! Thank you everyone for their help! Best community ever!

I was looking in my hard-drive and not my USER part, thanks everyone.

Now to make sure I know it is fully functional,

THE FIRST 5 PEOPLE TO SEND ME JUST 1 DIGIBYTE, I WILL SEND THEM BACK 1000 DGB!

My DGB address is: DE6XP2awKrbcxiZ51Lp8jcuT8JWJ1oaVzF

Put in the message box your DGB Address so I can send you your DGB!!!!


Hi there, thanks for the compliments Wink
Did you recived my DGB?
DC9JJWW4mT2h215xLGhPhK19sai4oybZ8p
full member
Activity: 159
Merit: 100
When do you expect block 400k to be hit?

Never mind, 37 days. Well, I hope DGB didn't reach 1 sat by then.

The 1st post answer your question with some maths  Wink

30 sec per block => this means 120 blocks/hour | 2880 blocks/day. We are actually at block 346000 (approximately). To reach block 400000, miners have to discover 54000 more blocks.

Conclusion :

54000/2880=18.75 days. On 8th december, block 400000 will be discovered.

You're welcome.
RJF
hero member
Activity: 616
Merit: 500
Online since '89...
LOL 10 sats per DGB.....looks like another karm or Panda set up for me..time to cut & run from yet another hopeless worthless coin in the Alts world...when will we all learn to not listen to hype & bullshit.
Only advice i would give at this time would be to say if you do have some good news in the pipeline i would release it ASAP or your going to end up with no holders of DGB at all..........once you have a rep for being a worthless investment its near impossible to reverse it

Same holds for worthless posts...
newbie
Activity: 42
Merit: 0
I have a Macbook Pro and still I've opened the contents of the Digibyte wallet and there isn't a .Dat file anywhere.

Where should it be!!!!?

Its under your user folder/Library/Application Support/DigiByte/.

Make sure your "library" folder is visible in your finder preferences.


There isn't a Digibyte folder in application support :S

Noo not in the Library. There is no Digibyte Folder.

Go to User/yourname/Library/Application Support/Digibyte/

I have every single folder! Also tried searching it in spotlight support...

There is a Wallet.DAT file

Done it!!!!! Thank you everyone for their help! Best community ever!

I was looking in my hard-drive and not my USER part, thanks everyone.

Now to make sure I know it is fully functional,

THE FIRST 5 PEOPLE TO SEND ME JUST 1 DIGIBYTE, I WILL SEND THEM BACK 1000 DGB!

My DGB address is: DE6XP2awKrbcxiZ51Lp8jcuT8JWJ1oaVzF

Put in the message box your DGB Address so I can send you your DGB!!!!


Good job!
I have send you some Digibytes Smiley
Keep them save and welcome.

CHEERS!

Give me your address so I can give you some back!!!

No it's ok!
Did you get youre Digibytes?



Yeah, Thanks! TO MARS!!

Somebody has just sent me 1DGB but not put a message, give me your DGB address please
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
I have a Macbook Pro and still I've opened the contents of the Digibyte wallet and there isn't a .Dat file anywhere.

Where should it be!!!!?

Its under your user folder/Library/Application Support/DigiByte/.

Make sure your "library" folder is visible in your finder preferences.


There isn't a Digibyte folder in application support :S

Noo not in the Library. There is no Digibyte Folder.

Go to User/yourname/Library/Application Support/Digibyte/

I have every single folder! Also tried searching it in spotlight support...

There is a Wallet.DAT file

Done it!!!!! Thank you everyone for their help! Best community ever!

I was looking in my hard-drive and not my USER part, thanks everyone.

Now to make sure I know it is fully functional,

THE FIRST 5 PEOPLE TO SEND ME JUST 1 DIGIBYTE, I WILL SEND THEM BACK 1000 DGB!

My DGB address is: DE6XP2awKrbcxiZ51Lp8jcuT8JWJ1oaVzF

Put in the message box your DGB Address so I can send you your DGB!!!!


Good job!
I have send you some Digibytes Smiley
Keep them save and welcome.

CHEERS!

Give me your address so I can give you some back!!!

No it's ok!
Did you get youre Digibytes?

newbie
Activity: 42
Merit: 0
I have a Macbook Pro and still I've opened the contents of the Digibyte wallet and there isn't a .Dat file anywhere.

Where should it be!!!!?

Its under your user folder/Library/Application Support/DigiByte/.

Make sure your "library" folder is visible in your finder preferences.


There isn't a Digibyte folder in application support :S

Noo not in the Library. There is no Digibyte Folder.

Go to User/yourname/Library/Application Support/Digibyte/

I have every single folder! Also tried searching it in spotlight support...

There is a Wallet.DAT file

Done it!!!!! Thank you everyone for their help! Best community ever!

I was looking in my hard-drive and not my USER part, thanks everyone.

Now to make sure I know it is fully functional,

THE FIRST 5 PEOPLE TO SEND ME JUST 1 DIGIBYTE, I WILL SEND THEM BACK 1000 DGB!

My DGB address is: DE6XP2awKrbcxiZ51Lp8jcuT8JWJ1oaVzF

Put in the message box your DGB Address so I can send you your DGB!!!!


Good job!
I have send you some Digibytes Smiley
Keep them save and welcome.

CHEERS!

Give me your address so I can give you some back!!!
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
I have a Macbook Pro and still I've opened the contents of the Digibyte wallet and there isn't a .Dat file anywhere.

Where should it be!!!!?

Its under your user folder/Library/Application Support/DigiByte/.

Make sure your "library" folder is visible in your finder preferences.


There isn't a Digibyte folder in application support :S

Noo not in the Library. There is no Digibyte Folder.

Go to User/yourname/Library/Application Support/Digibyte/

I have every single folder! Also tried searching it in spotlight support...

There is a Wallet.DAT file

Done it!!!!! Thank you everyone for their help! Best community ever!

I was looking in my hard-drive and not my USER part, thanks everyone.

Now to make sure I know it is fully functional,

THE FIRST 5 PEOPLE TO SEND ME JUST 1 DIGIBYTE, I WILL SEND THEM BACK 1000 DGB!

My DGB address is: DE6XP2awKrbcxiZ51Lp8jcuT8JWJ1oaVzF

Put in the message box your DGB Address so I can send you your DGB!!!!


Good job!
I have send you some Digibytes Smiley
Keep them save and welcome.
newbie
Activity: 42
Merit: 0
I have a Macbook Pro and still I've opened the contents of the Digibyte wallet and there isn't a .Dat file anywhere.

Where should it be!!!!?

Its under your user folder/Library/Application Support/DigiByte/.

Make sure your "library" folder is visible in your finder preferences.


There isn't a Digibyte folder in application support :S

Noo not in the Library. There is no Digibyte Folder.

Go to User/yourname/Library/Application Support/Digibyte/

I have every single folder! Also tried searching it in spotlight support...

There is a Wallet.DAT file

Done it!!!!! Thank you everyone for their help! Best community ever!

I was looking in my hard-drive and not my USER part, thanks everyone.

Now to make sure I know it is fully functional,

THE FIRST 5 PEOPLE TO SEND ME JUST 1 DIGIBYTE, I WILL SEND THEM BACK 1000 DGB!

My DGB address is: DE6XP2awKrbcxiZ51Lp8jcuT8JWJ1oaVzF

Put in the message box your DGB Address so I can send you your DGB!!!!
full member
Activity: 146
Merit: 100
Will this update prevent too many blocks of one algo from being mined in a row?  For instance, one could not mind more than 6 qubit blocks in a row before another algo would need to be selected? It seems like this would negate quite a few blocks and would require an attacker to have to attack more than one algo to trigger an exploit.
hero member
Activity: 622
Merit: 504
Your only Amigo, in the World of Crypto
about roughly 6 months ago, i rmb asking how to buy DGB with USD...and i wanted to buy about 100 000 DGB. now...i think i need at least a million.
legendary
Activity: 840
Merit: 1000
When do you expect block 400k to be hit?

Never mind, 37 days. Well, I hope DGB didn't reach 1 sat by then.
hero member
Activity: 984
Merit: 1000
Well, I use this opportunity to get some more DGB. Even I'm moaning from time to time I'm still convinced this is going somewhere Smiley
hero member
Activity: 644
Merit: 500

I hope this fork will have a impact on the price of digibyte and stop people from dumping ,

but the future price of digibyte is my opinion to optimistic 1-10$ in 20years ,
no one know what the future will bring but at this time it doesn`t look good at all for cryptocurrency
hero member
Activity: 924
Merit: 1000
Jared,
 Glad to see the updates coming in and feedback from the community. Just to throw something out. If the production is currently on pace for 3-4B this year, isn't this good in the long term? It means a higher amount of upfront production and then as the block rewards decline, more scarcity in DGB supply. Essentially, this should theoretically create more intrinsic value for the long term. Am I missing something?

YC

Proposed DigiByte v3.0.3 Update & Hard Fork @ Block 400,000

    *Update difficulty code to prevent future myriad style time warp attack
    *Update checkpoints & seed nodes
    *Update & fix bug which triggers safe mode for exchanges & pools
    *Include updated DigiByte image in wallet
    *Change production from 6,746 DigiBytes per block at time of fork to 2,435 DigiBytes per block
    *Change reduction from 1% per week to 1% per month. (12% annual reduction compounded monthly)


Dear DigiByte Community,

DigiByte was launched on January 10th, 2014 with 60 second block times and the promise DigiByte would reach a maximum coin production of 21 billion coins about 30 years from now. There was also an understanding that roughly 4 billion coins would be produced in the first year of DigiByte's life.

As many of you are aware, following the second DigiShield update, DigiByte production came to a halt with slow block times. To return to the proper rate of production, we hard forked to MultiAlgo mining.

We successfully achieved the benefit of five mining algorithms for much faster transactions with the switch from 60 second blocks to 30 second blocks. These faster transactions will be a huge boost in the future for merchants & DigiByte users.

However, this increased coin production leaves us with a short term inflationary problem in a deflationary code environment. With the block speed reduction (60 seconds to 30 seconds), DigiByte production doubled. This means twice as many coins are currently entering the DigiByte ecosystem as originally planned. While this originally worked to catch us up to the projected 4 billion coins in the first year, we feel with an upcoming hard fork that now is the best time to make a change.  If production remains the same, we face a massive inflationary problem over the next year and we will reach maximum DigiByte production in 15 years.

We have always been opposed to intentionally increasing the rate of production, but in this case everyone wins when we reduce the current reward to fit in with our original vision and timeline. Everyone's DigiBytes will become more valuable, and our current inflation problem will be curbed by roughly two-thirds. This will help to alleviate some sell pressure on the price.


We are proposing three major changes in this hard fork @ block 400,000:
    A)Change production from 6746 DigiBytes per block at time of fork to 2435 DigiBytes per block (see spreadsheet)
    B) Change reduction from 1% per week to 1% per month. (12% annual reduction compounded monthly)
    C)Update DigiByte difficulty code to prevent future time warp attacks (see MyriadCoin attack)

Projection Spreadsheet:
http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx

This makes DigiByte attractive to an investor for the following reasons:

    *21 Billion DigiBytes in 21 years (Max supply & fixed predetermined rate of production: see spreadsheet)
    *1 to 1000 ratio with Bitcoin (21 million BTC to 21 billion DGB)
    *BTC once hit $1300, DGB could hit $1.30, perfect price for micro transactions
    *DigiBytes become 1% more scarce every month, 12% annually, compounded monthly
    *Bitcoin reward reduces 50% every 4 years, DigiByte has a monthly compound reduction of 48% every 4 years
    *DigiByte at $1 = $21 Billion dollar market cap in 2035, Western Union is $12 Billion right now
        *BOA Said Bitcoin had max $14 billion market cap potential right now
    *DigiByte at $10 = $210 billion market cap, possible by 2035 when mining ends
    *We can always move the decimal point one place and have $2.1 Trillion DigiBits if needed Smiley
    *Much more sustained mining incentive than previous model, 1% weekly reduction was too sharp of a decrease, this is more gradual (Miners = network security)

Projection Spreadsheet:
http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx



DigiByte Block Timing: (Each of 5 algos discovers new block every 2.5 minutes)

    1 new block every 30 seconds
    2 blocks per 60 seconds
    120 blocks per hour
    2,280 blocks per day
    20,160 blocks per week
    80,649 blocks per month

Last DigiByte to be minted: January 10th, 2035 (21 years)

      Last Paying Reward Block: 19,764,941

Please post your thoughts and check out the spreadsheet here for a detailed overview of DigiByte production: http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
So currently @ block 345782. That would take 54218 blocks to the hardfork.

How many days will this be to get to the hardfork?
legendary
Activity: 1164
Merit: 1000
Einsteinium Foundation Board Member and Treasurer
Proposed DigiByte v3.0.3 Update & Hard Fork @ Block 400,000

    *Update difficulty code to prevent future myriad style time warp attack
    *Update checkpoints & seed nodes
    *Update & fix bug which triggers safe mode for exchanges & pools
    *Include updated DigiByte image in wallet
    *Change production from 6,746 DigiBytes per block at time of fork to 2,435 DigiBytes per block
    *Change reduction from 1% per week to 1% per month. (12% annual reduction compounded monthly)


Dear DigiByte Community,

DigiByte was launched on January 10th, 2014 with 60 second block times and the promise DigiByte would reach a maximum coin production of 21 billion coins about 30 years from now. There was also an understanding that roughly 4 billion coins would be produced in the first year of DigiByte's life.

As many of you are aware, following the second DigiShield update, DigiByte production came to a halt with slow block times. To return to the proper rate of production, we hard forked to MultiAlgo mining.

We successfully achieved the benefit of five mining algorithms for much faster transactions with the switch from 60 second blocks to 30 second blocks. These faster transactions will be a huge boost in the future for merchants & DigiByte users.

However, this increased coin production leaves us with a short term inflationary problem in a deflationary code environment. With the block speed reduction (60 seconds to 30 seconds), DigiByte production doubled. This means twice as many coins are currently entering the DigiByte ecosystem as originally planned. While this originally worked to catch us up to the projected 4 billion coins in the first year, we feel with an upcoming hard fork that now is the best time to make a change.  If production remains the same, we face a massive inflationary problem over the next year and we will reach maximum DigiByte production in 15 years.

We have always been opposed to intentionally increasing the rate of production, but in this case everyone wins when we reduce the current reward to fit in with our original vision and timeline. Everyone's DigiBytes will become more valuable, and our current inflation problem will be curbed by roughly two-thirds. This will help to alleviate some sell pressure on the price.


We are proposing three major changes in this hard fork @ block 400,000:
    A)Change production from 6746 DigiBytes per block at time of fork to 2435 DigiBytes per block (see spreadsheet)
    B) Change reduction from 1% per week to 1% per month. (12% annual reduction compounded monthly)
    C)Update DigiByte difficulty code to prevent future time warp attacks (see MyriadCoin attack)

Projection Spreadsheet:
http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx

This makes DigiByte attractive to an investor for the following reasons:

    *21 Billion DigiBytes in 21 years (Max supply & fixed predetermined rate of production: see spreadsheet)
    *1 to 1000 ratio with Bitcoin (21 million BTC to 21 billion DGB)
    *BTC once hit $1300, DGB could hit $1.30, perfect price for micro transactions
    *DigiBytes become 1% more scarce every month, 12% annually, compounded monthly
    *Bitcoin reward reduces 50% every 4 years, DigiByte has a monthly compound reduction of 48% every 4 years
    *DigiByte at $1 = $21 Billion dollar market cap in 2035, Western Union is $12 Billion right now
        *BOA Said Bitcoin had max $14 billion market cap potential right now
    *DigiByte at $10 = $210 billion market cap, possible by 2035 when mining ends
    *We can always move the decimal point one place and have $2.1 Trillion DigiBits if needed Smiley
    *Much more sustained mining incentive than previous model, 1% weekly reduction was too sharp of a decrease, this is more gradual (Miners = network security)

Projection Spreadsheet:
http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx



DigiByte Block Timing: (Each of 5 algos discovers new block every 2.5 minutes)

    1 new block every 30 seconds
    2 blocks per 60 seconds
    120 blocks per hour
    2,280 blocks per day
    20,160 blocks per week
    80,649 blocks per month

Last DigiByte to be minted: January 10th, 2035 (21 years)

      Last Paying Reward Block: 19,764,941

Please post your thoughts and check out the spreadsheet here for a detailed overview of DigiByte production: http://www.digibyte.co/sites/digibyte.co/files/DigiByte_Production_Projection_v3.0.3.xlsx

Keep up the good, glad to see you're working on solutions for digibyte Smiley
legendary
Activity: 1722
Merit: 1051
Official DigiByte Account
LOL 10 sats per DGB.....looks like another karm or Panda set up for me..time to cut & run from yet another hopeless worthless coin in the Alts world...when will we all learn to not listen to hype & bullshit.
Only advice i would give at this time would be to say if you do have some good news in the pipeline i would release it ASAP or your going to end up with no holders of DGB at all..........once you have a rep for being a worthless investment its near impossible to reverse it
Welcome back Pringles, we missed you Smiley
hero member
Activity: 756
Merit: 500
Community Liaison,How can i help you?
LOL 10 sats per DGB.....looks like another karm or Panda set up for me..time to cut & run from yet another hopeless worthless coin in the Alts world...when will we all learn to not listen to hype & bullshit.
Only advice i would give at this time would be to say if you do have some good news in the pipeline i would release it ASAP or your going to end up with no holders of DGB at all..........once you have a rep for being a worthless investment its near impossible to reverse it

Maybe you should turn off youre fuddonly reader.

Digibyte is working there ass off!
It's not following any hype!
The hardfork needs to be done to prefent the timewarp bug.
And when you hardfork why not upgrade Digibyte with these new block rewards and other updates?

The only advice i would give you is read and think for yourself. There is no fud to give at Digibyte at all!

As stated before.
The news will come when everything is ready to go! No rush needed.

@Digibyte, Great work as always.
I backup this idea 100%


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