Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1420. (Read 3058921 times)

I agree 100% that a rush into a new algo would be bad. However, if a new algo is being considered, along with that should be a 'back up' plan just in case somthing bad happens..I would even go as far as to suggest a two algo back up. Mabey N-Scrypt and ____.   It may sound like over kill, however in my short time in crypto, I have seen great ideas crumble, due to the lack of 'back up plans' Im sure the team is considering all this, and I am more than likely stating the obvious, however sometimes the obvious things get overlooked, as we tend to over complicate as we try and essentially predict and do whats best for the future. Some of the points I would like to see is that any GPU miner can mine the coin, nVida & AMD, CPU miners aswell, & if a Algo(s) is chosen, & if the developement team(s) of the various miners do not support a new algo, that they have set in stone plans to do so.

-Happy Mining

Much agreed. You bring up some very valid points. And we are speculating that the mining software will be improved as time goes on for X11.

Since we are not the 1st coin to switch algos in a hard fork or the 1st to implement X11 we see no reason to rush into it. We still have 2-3 months before this could become an issue.

Also, there still are several arguments as to how ASICS could actually help DigiByte grow in the long run. We are not saying we agree with this, but there are some valid points to consider. Such as. if someone spends $10,000 on a Scrypt ASIC the only thing it is good for is mining Scrypt coins. So people will be mining Scrypt based coins well into the future with them. Also, the more invested someone becomes in a coin after spending that much money, the more they will want it to succeed.

A majority, but not all GPU miners tend to be a migratory crowd moving from the most profitable coin to the next coin with the newest features with the hopes of it becoming the next most profitable coin to mine. This is not a bad thing, but it is not good for the long term survival of any particular coin with an algo dominated by GPU miners.

Also, a lot of GPU miners tend to be very short term oriented and less likely to mine coins because they believe in them and want to support them long term.

Ideally, if we do switch algos we would like to make it something Unique to DigiByte that will help make us stand out. Much like DigiShield. This takes time and we definitely want to test it out.

We are researching many different algos at the moment including ones never before put into a crypto. This is a very broad and technically challenging are of study so it will take some time.

Still, if anyone has any further suggestions we are very open to hearing them. Thanks again for the feedback!

We hate most is liar
The community should not deceive
Thank you for your reminding me

Thanks for the heads up, Also nice to see you around the thread BitcoinTate

Your words are very appealing
I am encouraged
Come on

I also want to participate in the future is very bright
I also want to mining

I wont get into the debate , of what algo better or not, I like X11,  however, anytime electricity is used in a circuit, and the result is heat, that is inefficiency unless the wanted end product is heat. How a coin is coded to handle say 'X11' is a product of the coin, not the algo. Having run X11 on a different coin for a day or so, I can hands down say, that its incredibly efficient. Now if its being 'tweaked' code side to produce better results with said efficiency, then that would be good, if everyone has access to this. It also could be speculation and FUD. I dont know.. and to be honest, eventually IF there is better coded miners out there, I would hope we'll all have access eventually.

A few things to remember, is that when anything new comes out, in any field , there will be pro's & con's, aswell as much speculation and misinformation from the people whom have the most to lose.

http://en.wikipedia.org/wiki/Faraday_efficiency


Lets not confuse, mix, and twist facts vs. speculation. My only argument here is that in an electrical circuit, Heat = Inefficiency

We are not completely sure the X11 algorithm is the best one to use right now. The fact that GPU's run cooler on it does not mean it is more efficient by any means. It simply means the existing X11 mining software code is not optimized and is not fully utilizing the GPUs hashing power.

We also have a strong belief that there is a private miner out there fully utilizing their GPU's with a custom coded miner gaining mining advantages over every one else. And if there is not, there will be one shortly.

A similar thing occurred when people first started mining Bitcoin with GPUs.

Thank you for taking the time to add DigiByte to this! DGB sent your way!

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+ A lot to you. I will definitely mining.

in response to moxymore, your first few ideas are great but you are way off on your technical analysis.....ASIC will not pump the price of digibyte, it will have the exact opposite effect and decrease the price of DGB in 2 ways;

1. increasing DGB difficulty will make ASIC miners less likely to mine DGB in the first place. High difficulty means less coins generated = lower profits. The Asics will be directed towards scrypt coins that are more profitable and are more mature as a coin and as a community, such as litecoin. When there is little mining incentive for a coin, the coin will die because there is no way to secure the network. GPU miners are already taking part in a massive exodus towards X11 coins for mining because electricity costs are negligable. I would argue that all scrypt coins are at risk of death aside from litecoin, which is what the ASICS were designed for in the first place.

2. Now for those ASICS pointed towards DGB in the short term, they will be dumping 100% of DGB which will drive the price down even further. The whole point of ASICS is to centralize the hashing power and concentrate it on 1 coin to make it stronger. ASICS will destroy many scrypt coins in time. ASICS will essentially transfer the market cap of certain coins by sucking the $$$ out and pumping it into litecoin (likely). Keep an eye on mining pools for various altcoins. A massive influx of ASICS on a newer altcoin means death. These ASICS are there to destroy the coin and take it's wealth elsewhere. If you read the history of when ASICS came out for bitcoin, many SHA256 coins went through a slow painful death.

This is why I propose an X11/POS hybrid DGB. -Nscrypt is not feasible because it requires too much electricity, too much RAM and the hash rates are lower than scrypt which means that companies will be discouraged from producing ASICs for them because -Nscrypt mining doesn't generate enough coins or in other words enough profit. At the same time GPUs will stop mining -Nscrypt because they require 4GB or more RAM just to keep up. Since ASICS won't be mining -nscrypt and GPUs won't be mining -Nscrypt, who the hell is going to keep the network going? Now vertcoin is a great coin as far as security is concerned but X11 is the only way forward. If Vertcoin can address these issues somehow it will thrive otherwise it will be forced to change or die out. A good way forward for Vert would to become an Nscrypt POS hybrid if that is even possible.
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I think yes, but not really to counter ASIC because in the near future, it's maybe ASICS which are able to pump the coin value by increasing the coin difficulty. My personnal wish will be to see Digibyte with an eco-friendly algo, like n-scrypt algo but something totally new. Why? Because vertminer, execoinminer, cgminer -nscrypt and other related miners like this are ASICS resistant... but GPU resistant too when n-factor goes too high. I'm not a dev, and I don't know a lot of thing about programming. But i'm pretty sure that developing a new algo more eco(nomical) and eco(logical) friendly will be good for everybody.

Thank you very much for taking the time to write this out! More importantly thank you for sharing a link to 3DMax.

These are all some very good suggestions!

wow great martial is that.

I have never heard from blender.

I'm looking how It works and maybe I can use it

thank you very much!

Hello everybody,

I'm a fan of Digibyte since the beginning. I was there when he was born, and have seen the different phase of this awesome project. I have actually 1.2 milion of DGB stored  in my wallet, and I don't want to sell them at this cheap price. I read everydays of every week this bitcointalk thread, and the same for the official DGB forum.

I'm more a "reader" than a "writer" because my english is far to be perfect. But this time, i want to write to explain my feeling about how Digibyte is going actually.

What I like in the Digibyte project is :

- The active community and the active devs. This will be one of our best argument in the future... even if this is not enough to make the coin growing and maturing.

- Digiman, which gives to Digibyte a real personality.

- Digishield, which is a good way to counter multipool farming/dumping, and which proves to miners/buyers/sellers that Digibyte is more than a clone, it's a new coin with some new features.

What should we do to gain people more interest on Digibyte?

 - My first idea is to force Digibyte to become an alternative in the crypto exchanges, like DOGE has successfully done it by being the 3rd/4th coin considered like an alternative of BTC/LTC/XPM. How to do it? Maybe by creating a new market in which DGB will be one of the 3 or 4 currencies users will be able to exchange their coins. To be as simple as I can, this new market will bring to people a BTC market, a LTC market, a DOGE market, and finally a DGB market... in which all other altcoins will be exchanged against DGB.

- My second idea is to give to Digiman a place more important as a way to promote Digibyte. Digiman is a nice "mascot", and if we find some people able to make some 3D animation with Digiman, this will be very attractive during promotion sessions. I have seen that some peoples are actually working on a Digibyte video trailer... in which lack a Digiman 3D animation actually. I'm sure this point will give more strenght to this currency. We can maybe try to find some Blender artists which will be able to make some animation for us?

-> Blender is a 3DMax like software, opensource project. Just take a look to these trailers to see how powerful is this : http://www.youtube.com/watch?v=1XZGulDxz9o / http://www.youtube.com/watch?v=eRsGyueVLvQ / http://www.youtube.com/watch?v=YE7VzlLtp-4

- My last idea is what people are talking actually : may we change for another scrypt algo? I think yes, but not really to counter ASIC because in the near future, it's maybe ASICS which are able to pump the coin value by increasing the coin difficulty. My personnal wish will be to see Digibyte with an eco-friendly algo, like n-scrypt algo but something totally new. Why? Because vertminer, execoinminer, cgminer -nscrypt and other related miners like this are ASICS resistant... but GPU resistant too when n-factor goes too high. I'm not a dev, and I don't know a lot of thing about programming. But i'm pretty sure that developing a new algo more eco(nomical) and eco(logical) friendly will be good for everybody.

I have so more thing to said, I had a lot of ideas, some explained here, some forgotten lol (because i'm following DGB for months now^^). But one thing is sure : I want to see DGB in his right place, and not when he stands actually.

Regards. I wish you all success.

if I buy now and not at 200 satoshi I had also 15 mil:(

but It's going to the 100 BTc I'm not worry:)

Moon is a long run from earth . Here for a long long time.
holding 15mill and increasing, many thx for all people dumping the coin and not believing in our awesome Digi devs (never seen a dev team active like this one). Keep going devs, we love it.

****digibyte promo video ****

give feedback and I will chance it
do you like it and will you give some back?

- like it
- follow me on youtube
- like other videos from me
- tell it to everyone who you know

some slogans

- bite your own digibytes /or/ byte  your own digibyte
- send digibytes in bytes
- digibyte, dare, think of doing
- go with me digibyte /or/ go with me digiman

It even hit 6 satoshi on Cryptsy.  I was pissed my BTC didn't transfer in time to grab a bunch at those prices.  

It's a great deal to buy even right now, but 6-15 is like Christmas