All I keep hearing is "make digibyte attractive for miners". How about you make it attractive for investors? Do you really think that 99% of potential merchants and users have even heard of merged mining?
In my opinion all this algo switching and merge mining is a complete waste of time and resources. Bitcoin is fine being mined by asics and the same thing would have been fine for DGB as well.
Merged mining will only decrease the price even further because for the same hash rate miners will now get 2 coins and will be able to sell them lower and still be profitable.
Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1348. (Read 3058812 times)
June 10, 2014, 03:22:53 PM
June 10, 2014, 03:05:55 PM
We could potentially merge mine with doge/litecoin on the scrypt algo, bitcoin on the sha256 algo and the myriad on the other three algos. This could make DigiByte very attractive to miners.
Now you are talking absolutely opposite thing to your previous post. If you want to get DGB by mining MYR, DOGE, LTC, BTC you will kill this coin.
If you want to mine DGB and get MYR, BTC, LTC, etc you have to hardfork these coins to accept DGB PoW. It's impossible. Only MYR if they are agree.
Only one coin is required to hard fork & merge mine. We could hard fork right now and merge mine with Doge or Litecoin on Scrypt. For example, when you mine Bitcoins you only get Bitcoins. When you mine Namecoin you get Namecoins & bitcoins. That is how merge mining works.
So when Doge talked about merge mining with us we would hard fork and add the merge code. Then when people mined Doge they would only get doge. But when they mined DigiByte they would get DigiByte & doge.
Ok it seems there are two different approaches of merged mining and we are talking about different things. Do it if you believe in it, you are dev. Personally I think that miners comes with value and not value comes with miners. Never liked the idea of merged mining, coins must not be a bonus.
June 10, 2014, 02:58:53 PM
We could potentially merge mine with doge/litecoin on the scrypt algo, bitcoin on the sha256 algo and the myriad on the other three algos. This could make DigiByte very attractive to miners.
Now you are talking absolutely opposite thing to your previous post. If you want to get DGB by mining MYR, DOGE, LTC, BTC you will kill this coin.
If you want to mine DGB and get MYR, BTC, LTC, etc you have to hardfork these coins to accept DGB PoW. It's impossible. Only MYR if they are agree.
Only one coin is required to hard fork & merge mine. We could hard fork right now and merge mine with Doge or Litecoin on Scrypt. For example, when you mine Bitcoins you only get Bitcoins. When you mine Namecoin you get Namecoins & bitcoins. That is how merge mining works.
So when Doge talked about merge mining with us we would hard fork and add the merge code. Then when people mined Doge they would only get doge. But when they mined DigiByte they would get DigiByte & doge.
Ok it seems there are two different approaches of merged mining and we are talking about different things. Do it if you believe in it, you are dev. Personally I think that miners comes with value and not value comes with miners. Never liked the idea of merged mining, coins must not be a bonus.
June 10, 2014, 02:48:07 PM
We could potentially merge mine with doge/litecoin on the scrypt algo, bitcoin on the sha256 algo and the myriad on the other three algos. This could make DigiByte very attractive to miners.
Now you are talking absolutely opposite thing to your previous post. If you want to get DGB by mining MYR, DOGE, LTC, BTC you will kill this coin.
If you want to mine DGB and get MYR, BTC, LTC, etc you have to hardfork these coins to accept DGB PoW. It's impossible. Only MYR if they are agree.
Only one coin is required to hard fork & merge mine. We could hard fork right now and merge mine with Doge or Litecoin on Scrypt. For example, when you mine Bitcoins you only get Bitcoins. When you mine Namecoin you get Namecoins & bitcoins. That is how merge mining works.
So when Doge talked about merge mining with us we would hard fork and add the merge code. Then when people mined Doge they would only get doge. But when they mined DigiByte they would get DigiByte & doge.
June 10, 2014, 02:44:15 PM
We could potentially merge mine with doge/litecoin on the scrypt algo, bitcoin on the sha256 algo and the myriad on the other three algos. This could make DigiByte very attractive to miners.
Now you are talking absolutely opposite thing to your previous post. If you want to get DGB by mining MYR, DOGE, LTC, BTC you will kill this coin.
If you want to mine DGB and get MYR, BTC, LTC, etc you have to hardfork these coins to accept DGB PoW. It's impossible. Only MYR if they are agree.
June 10, 2014, 02:39:42 PM
We want to clarify what merge mining means. When we say merge that means miners have the ability to mine two coins at once. The coins and chains themselves stay completely separate. Transactions stay independent of each other. So does each coins respected value.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
With merge-mining MYR miners who dedicated their hash to mine MYR will get free bonus coins. Nothing to discuss there. As I said look at MON specs and charts. Fairest coin on the ground.
Expect a small amount of current MYR pools will offer merged mining to their miners, other pools will add merged mining but all mined DGB by MYR miners on such pools will be claimed by pools. Then such free DGB will be dumped by pools.
The one and only winner is MYR. You will secure MYR network and kill DGB. This is on the surface, obvious.
Namecoin is special.
How you are going to punish MYR devs to accept DGB POW?
We don't see how merge-mining would hurt. We only see how it could benifit DigiByte by making it much more attractive to miners.
We could potentially merge mine with doge/litecoin on the scrypt algo, bitcoin on the sha256 algo and the myriad on the other three algos. This could make DigiByte very attractive to miners.
Also please understand all "merging" means is when your hashes are submitted to the DigiByte chain they are then forwarded on to another coins chain to see if they might get "lucky" and find and block there as well as an added bonus.
It is a much more efficient mining process for everyone.
June 10, 2014, 02:38:02 PM
also good news today
the wallet works again!
the wallet works again!
June 10, 2014, 02:36:57 PM
Either way a hard fork is required. We want to avoid back to back hard forks. The biggest issue is that we need to have mining infrastructure in place at the exact block switch. So why not kill all three birds at once with only 1 hard fork.
Also keep in mind people will have to mine DigiByte to get myriad. Not the other way around. It is one sided.
Well, at the end you have the authority to decide. I don't think we can find a consensus about this topic. There are no major coins with mm beside namecoin so we can't learn from previous experiences here, which is always more risky than the other way.Also keep in mind people will have to mine DigiByte to get myriad. Not the other way around. It is one sided.
However, if DGB stays the main coin with mm then we should have enough community members / believers mining it. Could be worth a try, but I can't contribute more thoughts on this from now on due to lack of experience/knowledge.
June 10, 2014, 02:33:05 PM
We want to clarify what merge mining means. When we say merge that means miners have the ability to mine two coins at once. The coins and chains themselves stay completely separate. Transactions stay independent of each other. So does each coins respected value.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
With merge-mining MYR miners who dedicated their hash to mine MYR will get free bonus coins. Nothing to discuss there. As I said look at MON specs and charts. Fairest coin on the ground.
Expect a small amount of current MYR pools will offer merged mining to their miners, other pools will add merged mining but all mined DGB by MYR miners on such pools will be claimed by pools. Then such free DGB will be dumped by pools.
The one and only winner is MYR. You will secure MYR network and kill DGB. This is on the surface, obvious.
Namecoin is special.
How you are going to punish MYR devs to accept DGB PoW? So MYR is going to be merged-mineable with DGB and not DGB is going to be merged-mineable with MYR. If so, I like it.
June 10, 2014, 02:32:08 PM
We want to clarify what merge mining means. When we say merge that means miners have the ability to mine two coins at once. The coins and chains themselves stay completely separate. Transactions stay independent of each other. So does each coins respected value.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
With merge-mining MYR miners who dedicated their hash to mine MYR will get free bonus coins. Nothing to discuss there. As I said look at MON specs and charts. Fairest coin on the ground.
Expect a small amount of current MYR pools will offer merged mining to their miners, other pools will add merged mining but all mined DGB by MYR miners on such pools will be claimed by pools. Then such free DGB will be dumped by pools.
The one and only winner is MYR. You will secure MYR network and kill DGB. This is on the surface, obvious.
Namecoin is special.
June 10, 2014, 02:30:57 PM
We want to clarify what merge mining means. When we say merge that means miners have the ability to mine two coins at once. The coins and chains themselves stay completely separate. Transactions stay independent of each other. So does each coins respected value.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
Looks as you prefer merged mining over a stand-alone implementation It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
But I'm still interested in the following question: does merged-mining with MYR require to implement multi-algo first? It sounds reasonable to me. If a coin already has multi-algo and want to switch to merged-mining, is then a hardfork required?
Also keep in mind people will have to mine DigiByte to get myriad. Not the other way around. It is one sided.
June 10, 2014, 02:29:31 PM
We want to clarify what merge mining means. When we say merge that means miners have the ability to mine two coins at once. The coins and chains themselves stay completely separate. Transactions stay independent of each other. So does each coins respected value.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
With merge-mining MYR miners who dedicated their hash to mine MYR will get free bonus coins. Nothing to discuss there. As I said look at MON specs and charts. Fairest coin on the ground.
Expect a small amount of current MYR pools will offer merged mining to their miners, other pools will add merged mining but all mined DGB by MYR miners on such pools will be claimed by pools. Then such free DGB will be dumped by pools.
The one and only winner is MYR. You will secure MYR network and kill DGB. This is on the surface, obvious. And this is a reason you are welcome there because you are offering free help and hype to them.
Namecoin is special.
June 10, 2014, 02:28:26 PM
We want to clarify what merge mining means. When we say merge that means miners have the ability to mine two coins at once. The coins and chains themselves stay completely separate. Transactions stay independent of each other. So does each coins respected value.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
Looks as you prefer merged mining over a stand-alone implementation It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
But I'm still interested in the following question: does merged-mining with MYR require to implement multi-algo first? It sounds reasonable to me. If a coin already has multi-algo and want to switch to merged-mining, is then a hardfork required?
EDIT: 500 pages, Yippee Ki Yay Moth***r!
June 10, 2014, 02:26:20 PM
What do you all think about merge-mining with Myriadcoin?
Idiotic idea, pools will dump DGB to the hell because only small amount of MYR miners will claim their FREE DGB coins. Check MON price charts, pools are dumping it regardless of a price. You will kill this coin offering merged-mining, all your efforts will be buried.
If it goes multi-algo dev must calculate initial difficulty for each algo and do something with readjustment to avoid instamine by SHA ASICs, FPGA farms, etc...
What type of algos will you have in place? The same as Myriad coin or different?
Otherwise our only option is to do back to back hard forks which is no where near ideal or feasible.
June 10, 2014, 02:25:15 PM
We want to clarify what merge mining means. When we say merge that means miners have the ability to mine two coins at once. The coins and chains themselves stay completely separate. Transactions stay independent of each other. So does each coins respected value.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
It is a much more efficient use of your miners. You will use less electricity and get much more for your hash.
The next evolution of crypto currency mining will be merge-mined multi pools. They are already being developed. This means a coin does not have a choice and will be automatically merge mined with other coins.
Look at namecoin, it is still in the top 10 and has been merge mined for years.
June 10, 2014, 02:23:03 PM
What do you all think about merge-mining with Myriadcoin?
Idiotic idea, pools will dump DGB to the hell because only small amount of MYR miners will claim their FREE DGB coins. Check MON price charts, pools are dumping it regardless of a price. You will kill this coin offering merged-mining, all your efforts will be buried.
Multi-pools have already been dumping DGB for a long time. That is part of the crypto world as we know it. Comparing DigiByte to "Monocle" is nowhere near a fair comparison. We had never heard of them until you mentioned it.
You still won't listen. There is no worse blind than the one who do not want to see. You will convert DGB from solid coin to free bonus for MYR miners. A lot of pools will have a lot of free DGB because a lot of users will not claim DGB and such pools will dump it to the hell. Period.
there are benefits and disadvantages......
June 10, 2014, 02:21:05 PM
What do you all think about merge-mining with Myriadcoin?
Idiotic idea, pools will dump DGB to the hell because only small amount of MYR miners will claim their FREE DGB coins. Check MON price charts, pools are dumping it regardless of a price. You will kill this coin offering merged-mining, all your efforts will be buried.
If it goes multi-algo dev must calculate initial difficulty for each algo and do something with readjustment to avoid instamine by SHA ASICs, FPGA farms, etc...
What type of algos will you have in place? The same as Myriad coin or different?
Otherwise our only option is to do back to back hard forks which is no where near ideal or feasible.
June 10, 2014, 02:19:27 PM
What do you all think about merge-mining with Myriadcoin?
Idiotic idea, pools will dump DGB to the hell because only small amount of MYR miners will claim their FREE DGB coins. Check MON price charts, pools are dumping it regardless of a price. You will kill this coin offering merged-mining, all your efforts will be buried.
Multi-pools have already been dumping DGB for a long time. That is part of the crypto world as we know it. Comparing DigiByte to "Monocle" is nowhere near a fair comparison. We had never heard of them until you mentioned it.
You still won't listen. There is no worse blind than the one who do not want to see. You will convert DGB from solid coin to free bonus for MYR miners. A lot of pools will have a lot of free DGB because a lot of users will not claim DGB and such pools will dump it to the hell. Period.
June 10, 2014, 02:17:11 PM
I wouldn't merge the two coins. Not worth it.. You will lose devoted miners!
June 10, 2014, 02:12:22 PM
What do you all think about merge-mining with Myriadcoin?
Idiotic idea, pools will dump DGB to the hell because only small amount of MYR miners will claim their FREE DGB coins. Check MON price charts, pools are dumping it regardless of a price. You will kill this coin offering merged-mining, all your efforts will be buried.
Multi-pools have already been dumping DGB for a long time. That is part of the crypto world as we know it. Comparing DigiByte to "Monocle" is nowhere near a fair comparison. We had never heard of them until you mentioned it.
You still won't listen. There is no worse blind than the one who do not want to see. You will convert DGB from solid coin to free bonus for MYR miners. A lot of pools will have a lot of free DGB because a lot of users will not claim DGB and such pools will dump it to the hell. Period.
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