Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 132. (Read 3059047 times)

This coin were at 3k and now 100 sats. This is very funny and this coins seems to scam its customers off. Perhaps there will be exit pump to 1k ?

It is something to think about and discuss for sure, the forward thinking developers of DigiByte are bound to pick up on possibilities if they have not already considered them.

The other thing about this new Baikal X10 miner, is that it supposedly has 2 new algorithms that will be added to 5 it is listed as mining.
Obviously, DigiByte developers will want to know exactly what they are before forking DGB!

Having probably spent too much time in and around this space, it wouldn't surprise me at all if new ASIC miners continued 'DigiByte Classic' on this path regardless of what DigiByte developers and new foundation decide anyway....interesting times again!

Yes, some algos have to change, GPUs and CPUs need to come back and any more than one algo that can be mined competitively by the same ASIC hardware isn't helping towards the goal behind multialgo the slightest. There's just no need for panic overnight actions. My vote would be scrapping two algos out of Groestl, Qubit and Skein and replace them with GPU/CPU algos, out of all those good ones already mentioned. Then incorporate a 6th one to keep the balance between specialized hardware and 'consumer level stuff'. I'd like PoS but it could be the harddrive based mining.

The hashrate capped solo mining only (the power cap should have this result anyway) idea is interesting. One problem I see is that with that many individual miners the time in between blocks found by each individual miner might become too long quickly which contradicts the goal of having more participants. Maybe introduce some kind of mini-block which would be nothing more than a mineable, perhaps at a tenth of the real difficulty, transaction with a reward attached to it to reward providing hashrate to the network more regularly. At the same time this could provide the reward bonus of this more decentralized algo.

Of course I'm also just brainstorming here, but with more inputs this could turn out as a viable concept. :-)

DGB needs good news, thats the only way price will climb,

Very much inclined to agree with this, it is far from a Doomsday scenario!

However, I believe it would be against the ethos of DigiByte not to keep at least one algorithm open for ‘conventional hardware’. This is commonly accepted as the most decentralised part of a network!
In truth, I think it is just a fair place for common folk to get involved in the mining process and really support the project. Most GPU miners will be mining in a pool and this kind of centralises their efforts. A high proportion of solo miners would be the most decentralised our network could be.

If a DigiByte algorithm could be mined only with solo machines, with a power cap of say 2 top spec GPUs. I think we would really be on the way to reinforcing ‘the most decentralised’ network claim. 
Maybe there could even be ways of weighting this new algo against the rest of the network, increasing its luck so that it started to take more than 20% as the number of participants increased, for example.
The rewards are going to be few and far between but much bigger when they come and this seriously would be ‘Hardcore DigiByter’ territory, I’m thinking.

The professional mining race will continue within the remaining ASIC algorithms and eventually assuming equipment becomes better distributed within the community, overall security of DigiByte could be seriously increased by the efficiency of these machines mining on our network.

Instead of the overall network running away in power consumption, the competing ASIC miners become more self regulating but are ultimately kept in check by the size of the GPU participation.

It’s all a bit sketchy perhaps but I’m flying by the seat of my pants here! 

The difficulty is of course adjusting. The new Baikals don't generate more coins than before, but since those new miners outpace anyone else the mined coins go into a lot fewer hands and generate a higher profit. The question is if more of those Baikal mined coins are just sold as compared to those mined before. It's not so that GPU mining rigs come and run for free, a lot of those miners have to dump as well to pay the bills and don't mine because they are particularly interested in the coin. Then the high profit allows to hold mined coins for a possibly better price, but how the profit side develops depends how many Baikals will hit the market in the nearer future. On the whole I say the sale pressure will grow with those miners but it's far from any kind of Doomsday for DGB. In the end what actual psychological effect those news will have on the other market participants will be the major driving force on the price.

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https://digibytefoundation.org/development spring 2018 though.

I did read something similar on Reddit (with a 2 month time frame). But if miners dumping this coin is really true, that's bad news. Isn't there a difficulty adjustment to prevent this from happening?

Source please?

And what algo could that be because only miners with asics and mining rigs are making a lot of money from dumping this coin, the dev of this coin should set up more projects and usage of the coin, I known digibyte as a tipping coin they should expand on that.

Yes, the devs are working on algo switch, it is also announced on roadamap.

maybe hard to say if btc keep going so fast up
but for now look like it won't go below 100sat

and if there are to much new ASICs and they dump all the dgb's than maybe it could go below 100

if i remember someone post here 1  miner with new ASICs  was doing 20000+ dgb a day!    if more are coming
it just gonna kill the price

don't know if difficulty will adjust correctly and or gpu miners leave
 
i hope the team is working on the algo switch  and won't forget to add  hdd burst mining to it  


is there somewhere when we can see the chart of the 5 algos ?

Digibyte is on the bottom now, if you see at the price chart, price is on the same level where it was before the spring pump. Digibyte will start new race from this level

I hold on to my Digi - don't think they have lost their Byte. Let's see what the future holds - am excited.  

Just hold

Please hold all of them.

With the influx of these new ASICs capable of insane hashrates on all of the Digibyte algorithms there can only be one direction for DGB, and that's down .

ASIC is running.
the price will continue drop.
all five algoes are ASIC mining.
must change  3 algoes immediately
Digibyte (Groestl)
Digibyte (Qubit)
Digibyte (Skein)

Why such a good and promising coin like DigiByte falls in price more than others. Who knows what is the reason?

Look, I see your concern, I was feeling the same before but now that they announced the algo change in their site I have faith in what they're doing. Algorithm change is not something they can do from a day to another, it can compromise the safety of the network.