Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 1539. (Read 3058921 times)

What about inflationary Block Rewards of 160 DigiBytes after Week 781 (After 15 Years)?
What do you think about that?

edit: constant 160 DGB Block rewards to replace lost coins after 15 years?

Update will be released around 7PM UTC time this Friday. (2PM Eastern / 11AM Pacific)
Here is what we would like to accomplish with the upcoming update:

1) Change block difficulty re-target to 1 minute to resist multi-pool mining & dumps to help steadily build the price.
2) Add transaction message support.
3) Update to latest version of Bitcoin/Litecoin client.
4) Reduce the block reward by 0.5% every 7 days starting at 8000 DGB.

Gravity Well vs Re-Target
From our research we can not see what if any advantage the gravity well would offer over simply changing the re-target time to 1 minute. In fact, the gravity well would actually allow for more coins to be mined for a few minutes after a dramatic instant hash increase when compared to changing the difficulty re-target to 1 minute. The gravity well implementation would complicate things for us and cause issues with our Android wallet. Since both achieve the same desired result (ending multi-pool driven hash swings & coin dumps). We would like to travel down the path of least resistance.

Built in Wallet Update Feature
Xploited had the best answer to this. Isn't the point of a crypto currency to avoid centralization? By implementing a single location that all wallets can update from we are also implementing a single point of failure to the network that could potentially be taken over by an attacker who could cripple the network. We want to make sure DigiByte will remain strong and resilient to attacks.

Block Reward Increase
The idea of producing most of the coins right away and entering the deflation stage as soon as possible is very interesting to think about. However, at this point we feel there are several reasons why we should not go this route. Had we talked about this before we launched it might be a different story, but not now that we are way beyond launch.

It would be very unethical and unprofessional of us to increase the block reward. This would cause an immediate decrease in price and as such it would be very discourteous to current investors. Some of which have invested several thousand dollars worth of Bitcoin into DigiByte.

Another reason for not mining all the coins right away is mining itself. Mining keeps a coins network strong. In order to keep miners mining, they need coins to mine. Just look at Quark, many miners have jumped ship and the threat of a 51% attack from bot nets continues to increase. Miners should and do deserve to be incentived well into the future.

Block Reward Decrease
We are not looking to do anything dramatic here. Instead we are looking for a solution that will benefit everyone. Miners, current investors and future investors.

We will reduce the block reward by 0.5% every 7 days.  This gives DigiByte over 20 years of profitable mining. A nice half percent decrease is much easier for people to calculate and for us to market. Reductions will occur on Fridays to give a slight psychological boost going into weekend trading.

Examples: Two Fridays from now the first reduction will occur. It will go from 8000 DGB to 7960DGB
Week: 1 Reward: 7960
Week: 2 Reward: 7920.2
Week: 3 Reward: 7880.599
Week: 4 Reward: 7841.196005

We will NOT be implementing an auto update feature for this very reason.

We apologize for this, please post which ones you would like added here and we will get them up right away.

For those who wish to know about p2pools: http://whatisp2pool.com/

edit: For those looking to make their own p2pool: http://redd.it/1xw61x

Still on a normal pool, you should go for p2pool. If you stay on a normal pool, this is not the last issue you will have ^^.

I'm holding on...  for dear life... 

Don't panic, wait for update, miner will come back price will go up, too easy for multipool right now. Update will fix that. HOLD YOUR DGB

anyone knows whats going on with smalltimeminer??

fuk this price crash just sux, I did believed this coin and didn't sold my stash when it was 450 satoshi,cos I knew it would reach over 1k satoshi,not sure about that now  

Tell me about it...  looking to buy some more on the cheap... !

same issue, it's pissin me off

BTW...  been trying for at least an hour now to get a live version of Coinmarket up...  anyone else having issues? I'm getting the Cloudflare message up at the top of my page.

Thanks...  but I'm pinging around 35ms with my current one. I'm in London, connecting to Amsterdam.  I'm considering starting my own when I get some time to play...  might be helpful for any Digi-fans in the UK.

If anyone wants to join my p2pool, feel free to contact me, we got 50-60 of latency in all Europe.

In time, people will realize P2Pools are far better and stable option

Have to admit, I'm loving P2Pool'ing at the moment!  Switched to one nearby to me yesterday. Not missing the standard pools at all yet, I've mined on many of them over the past few weeks.  Seems to me this is a no-brainer...  why don't more pool operators just ditch their pools and put the same effort into running a P2 node!? They can still charge their 1% or whatever they want really, and make their money...  yet avoid the DDoS hassles and strengthen the network.  Am I missing something? Is it not that simple?  Hell...  I'm seriously considering starting my own node now that there is a fairly decent tutorial up on reddit.

Listed high on Coinwarz again, Even at current price!...

next dump incoming from hashco, be ready to buy @65

This guy is mad on every coin lol look at all his posts, useless trolling here, we are a GREAT STRONG COMMUNITY !