Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1427. (Read 3058809 times)

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

As much as I'd like to wait things out, Digibyte is getting dumped daily. Maybe we can take the risk and switch over to X11 to stop multipools for now. The FPGA threat has yet to be an issue for the X11 coins as there isn't a big enough profit incentive for them yet. If we switch to X11 its not likes it forever. We can always switch algorithms to whatever the other X11 coins decide to switch to IF FPGAs are an issue.

The decline in price isn't exactly due to multipools dumping. Digibyte needs to gain some real world traction and gain some investors. They can do this by creating real life applications for Digibyte which is what they are focusing on currently. Switching it to X11 will gain some interest from miners though as running X11 during the summer makes dealing with rig heat much easier.

PS: As I'm nearing the end of my research paper on what determines bitcoin's value, the key explanatory variable has been trade volume. To increase trade volume you need to create some interest in the coin. Digibyte has been flying under the radar a little more than usual

I forgot to mention that other POS coins are copying blackcoins idea of a multipool causing more and more scrypt coins to go down the shitter...these POS coin multipools are like the Mt. Goxes of altcoins.....these pools mine the most profitable scam scrypt coin then dump it on an exchange, convert it into bitcoin then use the bitcoin to buy blackcoin....once those funds convert into blackcoin they can no longer be extracted from blackcoin via mining. I see the biggest risk to scrypt right now are these POS multipools, the ASIC and FPGA risk is major as well but not as urgent to deal with as with these multipools....Does anyone else know how we can address these risks with something other than an X11/POS hybrid for digibyte? I'm sure there are other possibilities....I mean digishield was phenomenal, maybe we can customize something with a similar punch?

I forgot to mention that other POS coins are copying blackcoins idea of a multipool causing more and more scrypt coins to go down the shitter...these POS coin multipools are like the Mt. Goxes of altcoins.....these pools mine the most profitable scam scrypt coin then dump it on an exchange, convert it into bitcoin then use the bitcoin to buy blackcoin....once those funds convert into blackcoin they can no longer be extracted from blackcoin via mining. I see the biggest risk to scrypt right now are these POS multipools, the ASIC and FPGA risk is major as well but not as urgent to deal with as with these multipools....Does anyone else know how we can address these risks with something other than an X11/POS hybrid for digibyte? I'm sure there are other possibilities....I mean digishield was phenomenal, maybe we can customize something with a similar punch?

We need to change our algorithm ASAP !!!!

Most definitely X11 algorithm or a POS if possible...maybe an X11/POS hybrid...is that easy to code? I doubt it but it would lead the way since X11 and POS are the future of crypto, there's a reason why X11 and POS coins are going up in price right now. The bottom line is that we need to adapt a new algorithm otherwise we will be left in the dust, which of course won't happen. Digibyte has the best developer of any coin, that's why I jumped onboard from day 1.

do not change to N scrypt or Jane Scrypt. (see paragraphs below as to why to not chose N scrypt, i obtained them from Hirocoin website). Once ASICs come out in full force, only 1 or 2 scrypt coins will thrive and many other scrypt coins will die off. N Scrypt is good the only problem is that GPUs can't mine them profitably (because of high RAM requirements) and ASICS won't focus on them because they are very resistant to ASICS obviously so then if GPU and ASIC cannot secure the network for N Scrypt coins then what will keep the network going?....X11 has 4x the hash rates, uses very little electricity and is extremely secure using a series of several algorithms....

There other hash solutions out there the best known of these being Scrypt-Jane and Adaptive-N which for the most part are the same. They both use a variable N factor which is locked to 210 in Scrypt. This is the memory requirement, 210 works out to 1024 bytes. Vertcoin a very popular Adaptive-N coin currently uses an N factor of 211 which works out to 2048 bytes, every time the N factor goes up the performance of miners drops by half. Vertcoin currently has half the performance of Scrypt and has a maximum N of 232 which works out to 4GB, most graphic cards cannot even do work at that level and with the current hash rate the difficulty of Vertcoin could not go low enough to support that level of N. Scrypt-Jane and Adaptive-N may be ASIC hostile but they are also GPU hostile.

There is an alternative that has been largly over looked which was created by Even Duffield. This is the chap who created DarkCoin which looks to include the DarkSend feature that will allow anonymous transactions. X11 uses 11 well known and high performing hashing solutions chained together to generate the hashes required to generate new blocks. Since it uses 11 different hashes it is complex and unlikely to see a ASIC for it any time soon. The good news for miners is that they can use X11 right now to avoid multipools and start gathering coins that are going to become very important when the Scrypt ASICs hit. Mining X11 gives 3-4 times the hash power of Scrypt, uses less energy and generates more heat. This is the solution that people have been looking for.

There is also Hirocoin that has launched recently and adopted X11 as its hashing solution. Hirocoin does not have the DarkSend feature but has been meticulously coded and fully featured on launch including DNS seed and binaries for different platforms. DarkCoin uses an inverse difficulty reward which means that the higher the difficulty the lower the reward. More miners means less coins, Hirocoin is more conventional in that it has 400 coins a block and is likely to be the first choice for miners.