Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1307. (Read 3058926 times)

I am afraid the price of DGB may go to 10-15 SAT in a few months unless some other great features implemented apart from multi-mining algos. Maybe great marketing tecniques and a foundation will be necessary to keep this coin alive. We have to be careful about investor's interest. Once we start losing them, dgb will also lose. Only mining itself does not help the coin on the market... Multi algos can be good but can also be a danger... This is my estimation and a kind warning. Please don't troll on this.

"Proven weighting with some tweaks"? I'll take a stab. Without getting too technical, I think what that means is that each algo is automatically weighted by its own individual difficulty derived from a shared ratio: SHA-256 could have a network hashrate that is sky high that would cause its individual diff to also be sky high, meaning that its proportionate payout weighting would be much less than the same MH/s Qubit payout with a low network hashrate and low diff. As for the "tweaking" part of that statement, we can only hope for what we'd each like to see, and then patiently wait and see.

DigiShield dynamically changes the block reward on a per MH/s percentage basis - the total isn't changed, but the difficulty is changed such that it still takes the same time to solve then next block (on average) regardless of how much hashrate you throw at it, meaning that the per MH/s split is automatically lowered. All coins incorporate a diff algorithm of some sort. Other examples of dynamic block rewards would be DOGE, for example, that originally had a random block reward, and the most recent and creative that I've seen, AID, whose block reward actually increases on a rough 8:1 ratio to diff!

Could someone elaborate more on what "Proven weighting with some tweaks" means?  Does it mean each algorithm has a variable weight to find a block or is it related to the block reward?

Is it possible to dynamically change the block reward to be based on the size of the network hashrate of that algorithm relative to the rest of the network?  This would perhaps encourage a more fair distribution of hashing power across the algorithms. 

nueromode's article: http://coinbrief.net/myriadcoin-merge-mining/

It isn't just "what if" in my opinion it's simple question of "when" if jared will continue with his hard work on this currency.

Haggis,
 Good points. I think we should continue to follow the milestones that have been established so we remain on track. I think part of the crypto industry is constantly evolving with new technologies. Who knows? What is good now, may be obsolete in 90 days!

YC

No offense, I was just smelling a spirit of "Here's another approach. Let's consider this and maybe use this one instead of multi-algo" five minutes before multi-algo release
Here are many interested people with great ideas and good thinkings and discussions about the future of DGB are going far back to the past. This good spirit here is great but it will not last for an indefinite amount of time if we are just discussing but nothing producing.
I really hope for this coin that you can hold your announcement and release the new wallet until thursday (or at least this week). Another delay could annoy a lot of people, I fear.

Currently mining DGB on p2phash.com with good returns. Not every pool is down....

Connection Info: cgminer --scrypt --queue 0 -o p2phash.com:9022 -u YourAddress -p x  (or whatever you use...)

Glad to hear the various algos. I believe these were the best from the beginning. Very excited to see the official release!

YC

This is a very valid point! This is why we feel multi-algo (not merge mined) DigiByte mining is the fairest and most attractive way to go. As such we have decided to finalize the update with Sha 246, Scrypt, Skein, Groestl & Qubit. Proven weighting with some tweaks. As well as a modified DigiShield re-targeting base.

Very well put and it's refreshing to hear your contributions to the community HR. We need more of this here. I totally agree. Slow and steady. I do believe the time to capitalize is now with all the carnage occurring in the alt coin space. I don't believe anything will be perfect as we need to continue evolving, but we do need to start somewhere. I am looking forward to see how the release will go.

YC

More info:

I sure hope so...  I miss mining DGB. Something uniquely satisfying about getting thousands of something in your wallet each day, even if they aren't worth much right now, but the "what if?" factor is a powerful motivator! So, for the moment I am using NiceHash to rake in a few BTC but once the update is out I am ALL IN again with DGB mining.

And there is that fine line between staying with the tried and true, and innovation. Some things, like the wheel, work so well that it's impossible to make them better; however, if we were to reject all innovation, we'd still be moving ox carts with oxen.  

This is the main reason why I'm always so quick to say, "this is just my opinion" - I know I am super conservative and probably about as close to the "stable" end of the spectrum as you can get, and that I do have a way of making a very strong and convincing case, that might not be, often isn't, at the end of the day, the best. Strong arguments have a way of stifling counterarguments that ultimately are absolutely necessary in order to reach 'equilibrium', so keep in mind everyone, these are just my ultraconservative ideas that desperately need your input as well. This is also why I suggest a slow but sure approach - algo change today, maybe payout adjustments tomorrow, probably a more advanced wallet before that, etc.

The algo change will get miners back on DigiByte, and I think that is paramount right now. Everything else with great care, lots of study and analysis, and even more due diligence.

Oh, and just to end with my main "extreme argument", DigiByte should look to be one of the few eventual standalone leaders in the industry, not DigiByte and, but just DigiByte. (and maybe I'm wrong)

[/quote]
The original Digishield code goes back 1 block. When multiple blocks are found just a second or two apart it causes the difficulty to skyrocket artificially high. This is now easily manipulated with Scrypt ASICs. We will be fixing this with the update and allowing DigiShield to average the previous 10 blocks to prevent the issue.

We are making a final decision on the algos later today/tonight and will let everyone know.
[/quote]


what˙s your decision ?

HR,

As always, beautiful insight. You have a way with words to put things very concisely in a pragmatic manner. We have arrived at the conclusion that what is tried & true is the best course of action in this modern crypto business. Why re-invent the wheel when it is already circular and rolls down the road to success just fine?

In general, there are two kinds of computer users in the world: those who want to work (and therefore want something that works), and those who want to develop (and therefore want something to troubleshoot). That’s tongue-in-cheek humor, but it’s basically true, some users love playing around with the latest technology, the most recent release, etc., and don’t mind [actually like] troubleshooting, and others want something that is guaranteed to work and don’t have the time or inclination to troubleshoot. It’s the difference between “stable” and “beta”.

AutoPOW multi-algo is beta. Which kind of computer user are you? Are you an IT thrill seeker, or a pragmatic, get-the-job-done-without-further-complications kind of user?

Of course, you could also fall into yet another category that could cause you to be interested in something beta, and I would call that desperation. In the article posted about DOGE, the two sub-headings are titled as follows:

• Plan to save dogecoin
• Dogecoin in ‘dire situation’, says Lee

There’s even another category we could create for someone interested in that kind of ‘adventure’ that might be best defined with the inclusion of the quote at the end of the article:

• “[The community] can focus on what dogecoin does best (tipping, donations, wow) instead of worrying about defensive mining and network security.”

I’ll let readers put their own name on that category.  

To summarize, I don’t like the idea. I think it’s just another gimmick for losers. A very bad idea - but that's just me.

Let me just finish with a question: if you’ve got a winner, why on earth would you want to join up with someone else in a “dire situation”? A winner stands on his/her own two feet. I say go with a proven winner - the known, stable and proven version that needs to be finally implemented correctly. Who do you want to share victory with? And why?



Add: I just saw that neuroMode has an article being published by CoinBrief tomorrow titled: "Multi-vPoW: Myriadcoin's Solution to Parasitic Merge-Mining". I'm looking forward to seeing how he argues that! https://bitcointalksearch.org/topic/m.8193318

Spoken like a true veteran of the BTC Talk forum... Haggis, thank you!

Come on Jared, are you serious? We've talked enough about merged mining weeks ago. Now just release the multi-algo update and stop thinking about other solutions and other algos every day. Please. Enough talk, enough brainstorming. Time for results

I have no concrete details but think it is a very good idea. It can significantly increase the security of blockchain.
This is also a step into the direction of coins consolidation.