Less inflation - me like. 
Yeah, but it was this way for months? When the issue will get fixed the inflation will skyrocket. I'm checking now and it takes sometimes 5 minutes to confirm transaction from exchange to my wallet? That's wrong..
Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1365. (Read 3058812 times)
June 03, 2014, 05:29:18 AM
Yeah, but it was this way for months? When the issue will get fixed the inflation will skyrocket. I'm checking now and it takes sometimes 5 minutes to confirm transaction from exchange to my wallet? That's wrong..
June 03, 2014, 05:25:26 AM
Less inflation - me like.
June 03, 2014, 05:23:54 AM
Check the data for the whole network. Not just one mining pool.
This is whole network data.
current block: 132,795
DGB released days 142 * 1440(24*60) = 204480
I haven't checked the data myself but you have to factor in the multipools attacks from a while ago. They caused a lot of blocks to be mined very slowly and would've totally thrown the total coins minted out of balance. Also, remember that the minting of coins isn't actually balanced by the system, only the difficulty factor.
You need to check the data yourself. If you look at the blockchain, you'll see that the issue began with the implementation of DigiShield, and has nothing to do with the multipool attacks. Block discovery was perfectly in line with DGB coding until Feb. 22, 2014. Take a look at the blockchain up to that date and divide by the number of days that DGB had been in existence. http://explorer.cryptopoolmining.com/chain/DigiByte
The issue began back then and has progressively gotten worse.
Interesting. That would explain why the rewards are so low now despite the difficulty not having increased so much. I'll have a look when I get home.
One question though, you have factored in the finishing reward since digishield haven't you? It mightn't explain everything but would explain a portion of it.
June 03, 2014, 04:51:35 AM
Check the data for the whole network. Not just one mining pool.
This is whole network data.
current block: 132,795
DGB released days 142 * 1440(24*60) = 204480
I haven't checked the data myself but you have to factor in the multipools attacks from a while ago. They caused a lot of blocks to be mined very slowly and would've totally thrown the total coins minted out of balance. Also, remember that the minting of coins isn't actually balanced by the system, only the difficulty factor.
You need to check the data yourself. If you look at the blockchain, you'll see that the issue began with the implementation of DigiShield, and has nothing to do with the multipool attacks. Block discovery was perfectly in line with DGB coding until Feb. 22, 2014. Take a look at the blockchain up to that date and divide by the number of days that DGB had been in existence. http://explorer.cryptopoolmining.com/chain/DigiByte
The issue began back then and has progressively gotten worse.
June 03, 2014, 04:51:04 AM
As of 2014-06-02 21:03:42
Last 24 hours: only 410 blocks found of a supposed 1440 theoretical programed 60 second blocks.
Previous 24 hours: only 280 blocks found
Previous 24 hours: only 166 blocks found
What would be the explanation for this?
In order to be competitive with ASIS resistant coins (and the few still competitive scrypt coins), on a relative profitability basis, actually mining the coin, DGB would have to be valued at around 120 satoshi, and that, of course, is based on a 60 second block find basic assumption. With blocks being found at only around 1/4 of the rate of what should be the case . . . well, I'll let you all do the math. Blockchain Explorer: http://explorer.cryptopoolmining.com/chain/DigiByte
Something is very wrong with this picture.
DigiSheild in low hashrate have some issues.
http://digibyte.dgbpool.com/?page=statistics&action=blocks
132732 Confirmed MC 03/06 06:45:02
132351 Confirmed abclpr 02/06 06:39:45
Previous 24 hours: ONLY 400 Blocks.
Hope the next version fix that.
This data is taken from DGB's own blockchain explorer. How can you say it's only one mining pool? . . . unless there'e only one functional mining pool.
The data corresponds perfectly well with the DGB wallet as well.
http://explorer.cryptopoolmining.com/chain/DigiByte
Taken from DGB's Home Page http://www.digibyte.co/
Takes many minutes to confirm transaction... so the data might be right
June 03, 2014, 03:43:09 AM
We just are about to make a deal in LA for much better!
Hopefully you can share the details as soon as the deal is signed.
June 03, 2014, 02:48:01 AM
Better rewards
Coins deposited directly in your wallet
DDoS resistant
Up 24h/24h
No registration needed, just a DigiByte address as username
If node is down, you don't lose your DigiByte, your work is saved on network.
JOIN US TO MINE
June 03, 2014, 02:23:09 AM
Check the data for the whole network. Not just one mining pool.
This is whole network data.
current block: 132,795
DGB released days 142 * 1440(24*60) = 204480
Wow! Another nice way of looking at it. Only a half a billion coins' difference!
Or just under half of what's actually been mined.
ASIC will solve that. LOL
June 03, 2014, 02:11:48 AM
As of 2014-06-02 21:03:42
Last 24 hours: only 410 blocks found of a supposed 1440 theoretical programed 60 second blocks.
Previous 24 hours: only 280 blocks found
Previous 24 hours: only 166 blocks found
What would be the explanation for this?
In order to be competitive with ASIS resistant coins (and the few still competitive scrypt coins), on a relative profitability basis, actually mining the coin, DGB would have to be valued at around 120 satoshi, and that, of course, is based on a 60 second block find basic assumption. With blocks being found at only around 1/4 of the rate of what should be the case . . . well, I'll let you all do the math. Blockchain Explorer: http://explorer.cryptopoolmining.com/chain/DigiByte
Something is very wrong with this picture.
DigiSheild in low hashrate have some issues.
http://digibyte.dgbpool.com/?page=statistics&action=blocks
132732 Confirmed MC 03/06 06:45:02
132351 Confirmed abclpr 02/06 06:39:45
Previous 24 hours: ONLY 400 Blocks.
Hope the next version fix that.
This data is taken from DGB's own blockchain explorer. How can you say it's only one mining pool? . . . unless there'e only one functional mining pool.
The data corresponds perfectly well with the DGB wallet as well.
http://explorer.cryptopoolmining.com/chain/DigiByte
Taken from DGB's Home Page http://www.digibyte.co/
June 03, 2014, 12:30:54 AM
We just are about to make a deal in LA for much better!
June 02, 2014, 11:31:10 PM
Check the data for the whole network. Not just one mining pool.
This is whole network data.
current block: 132,795
DGB released days 142 * 1440(24*60) = 204480
I haven't checked the data myself but you have to factor in the multipools attacks from a while ago. They caused a lot of blocks to be mined very slowly and would've totally thrown the total coins minted out of balance. Also, remember that the minting of coins isn't actually balanced by the system, only the difficulty factor.
June 02, 2014, 10:59:17 PM
@Digibyte When a marketplace roles out, doesn't the coin need to have a value for it to be successful?
If we are the first coin on a large level to be accepted on a large scale by in physical stores does that not give the coin value? I'm going to take a wild guess at this comment..
Are we talking about using the existing EFT network to make this happen??
That would make sense, given that you mention "large scale" and also "physical stores"
Also "the first coin". Is that out of alt coins or does it include bitcoin??
June 02, 2014, 10:27:40 PM
@Digibyte When a marketplace roles out, doesn't the coin need to have a value for it to be successful?
If we are the first coin on a large level to be accepted on a large scale by in physical stores does that not give the coin value? Would like to start with you guys are killing it. Now, look at how difficult it has been for bitcoin (with national coverage, a great value, and a community of developers) to obtain market acceptance? If DGB has a one dollar value when you pursue market adoption think of how much easier it will be to obtain, whether it be obtained by small side projects, expedited algo launch, PR campaigns (Contacting big businesses, media, and other such venues). Your community will do projects, I doubt very few people here won't put something foward (I mean the time i spent looking at a chart that doesnt move could be put to good use). I was the one that tweeted Brian Kelly (probably would have anyway posted anyway) and Doge, it was something. Maybe invest a little bit of time putting together a Digi-community project, a PR campaign. The coin needs value, look what happened to BTC with some value. Now DOGE is successful because of its community, they use theirs. Do the same?
Like this: Amazon accepted Digibyte. This is value. Professional is good.
June 02, 2014, 10:20:02 PM
Check the data for the whole network. Not just one mining pool.
This is whole network data.
current block: 132,795
DGB released days 142 * 1440(24*60) = 204480
June 02, 2014, 09:54:07 PM
@Digibyte When a marketplace roles out, doesn't the coin need to have a value for it to be successful?
If we are the first coin on a large level to be accepted on a large scale by in physical stores does that not give the coin value? Would like to start with you guys are killing it. Now, look at how difficult it has been for bitcoin (with national coverage, a great value, and a community of developers) to obtain market acceptance? If DGB has a one dollar value when you pursue market adoption think of how much easier it will be to obtain, whether it be obtained by small side projects, expedited algo launch, PR campaigns (Contacting big businesses, media, and other such venues). Your community will do projects, I doubt very few people here won't put something foward (I mean the time i spent looking at a chart that doesnt move could be put to good use). I was the one that tweeted Brian Kelly (probably would have anyway posted anyway) and Doge, it was something. Maybe invest a little bit of time putting together a Digi-community project, a PR campaign. The coin needs value, look what happened to BTC with some value. Now DOGE is successful because of its community, they use theirs. Do the same?
June 02, 2014, 09:37:34 PM
@Digibyte When a marketplace roles out, doesn't the coin need to have a value for it to be successful?
If we are the first coin on a large level to be accepted on a large scale by in physical stores does that not give the coin value? June 02, 2014, 08:39:16 PM
@Digibyte When a marketplace rolls out, doesn't the coin need to have a value for it to be successful?
Edit: have I had one post without spelling errors?
Edit: have I had one post without spelling errors?
June 02, 2014, 08:21:44 PM
As of 2014-06-02 21:03:42
Last 24 hours: only 410 blocks found of a supposed 1440 theoretical programed 60 second blocks.
Previous 24 hours: only 280 blocks found
Previous 24 hours: only 166 blocks found
What would be the explanation for this?
In order to be competitive with ASIS resistant coins (and the few still competitive scrypt coins), on a relative profitability basis, actually mining the coin, DGB would have to be valued at around 120 satoshi, and that, of course, is based on a 60 second block find basic assumption. With blocks being found at only around 1/4 of the rate of what should be the case . . . well, I'll let you all do the math. Blockchain Explorer: http://explorer.cryptopoolmining.com/chain/DigiByte
Something is very wrong with this picture.
DigiSheild in low hashrate have some issues.
http://digibyte.dgbpool.com/?page=statistics&action=blocks
132732 Confirmed MC 03/06 06:45:02
132351 Confirmed abclpr 02/06 06:39:45
Previous 24 hours: ONLY 400 Blocks.
Hope the next version fix that.
June 02, 2014, 08:17:21 PM
As of 2014-06-02 21:03:42
Last 24 hours: only 410 blocks found of a supposed 1440 theoretical programed 60 second blocks.
Previous 24 hours: only 280 blocks found
Previous 24 hours: only 166 blocks found
What would be the explanation for this?
In order to be competitive with ASIS resistant coins (and the few still competitive scrypt coins), on a relative profitability basis, actually mining the coin, DGB would have to be valued at around 120 satoshi, and that, of course, is based on a 60 second block find basic assumption. With blocks being found at only around 1/4 of the rate of what should be the case . . . well, I'll let you all do the math. Blockchain Explorer: http://explorer.cryptopoolmining.com/chain/DigiByte
Something is very wrong with this picture.
DigiSheild in low hashrate have some issues.
http://digibyte.dgbpool.com/?page=statistics&action=blocks
132732 Confirmed MC 03/06 06:45:02
132351 Confirmed abclpr 02/06 06:39:45
Previous 24 hours: ONLY 400 Blocks.
Hope the next version fix that.
June 02, 2014, 08:07:53 PM
As of 2014-06-02 21:03:42
Last 24 hours: only 410 blocks found of a supposed 1440 theoretical programed 60 second blocks.
Previous 24 hours: only 280 blocks found
Previous 24 hours: only 166 blocks found
What would be the explanation for this?
In order to be competitive with ASIS resistant coins (and the few still competitive scrypt coins), on a relative profitability basis, actually mining the coin, DGB would have to be valued at around 120 satoshi, and that, of course, is based on a 60 second block find basic assumption. With blocks being found at only around 1/4 of the rate of what should be the case . . . well, I'll let you all do the math. Blockchain Explorer: http://explorer.cryptopoolmining.com/chain/DigiByte
Something is very wrong with this picture.
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