Will 1 DGB ever hit $1? Thoughts? 1 to 3 years for adoption? Or nahhhh?
Well NEM (XEM) has similar supply and is 1133 satoshi compared to 50 sat for DGB
What's the production rate difference?
Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 420. (Read 3058816 times)
August 14, 2016, 11:55:42 PM
Well NEM (XEM) has similar supply and is 1133 satoshi compared to 50 sat for DGB
What's the production rate difference?
August 14, 2016, 11:01:45 PM
Interesting. Thanks guys! I'm new... so, I'm wrapping my mind around all of this!
August 14, 2016, 10:58:06 PM
Will 1 DGB ever hit $1? Thoughts? 1 to 3 years for adoption? Or nahhhh?
Well NEM (XEM) has similar supply and is 1133 satoshi compared to 50 sat for DGB
August 14, 2016, 10:23:51 PM
Will 1 DGB ever hit $1? Thoughts? 1 to 3 years for adoption? Or nahhhh?
To answer your question, you first have to be mindful of BTC/USD
if 1 BTC = $1000, $1 = 0.001 (100000 sat)
if 1 BTC = $10000, $1 = 0.0001 (10000 sat)
The highest DGB has ever "touch" was 998 sat.
I think it is possible 3-5 years from today...to "touch" $1, and it can baseline around $1...7-10 years from today.
Here is another way to look at it:
It is very possible for 1 BTC = $2000-$4000 before End 2017.
It is very possible for 1 DGB = 500-1000 sat before End 2017.
If 1 BTC = $2000 and 1 DGB = 500 sat, 1 DGB will be 1 cent.
for many of us, DGB hitting $0.01...is already GRAND.
August 14, 2016, 07:19:47 PM
Will 1 DGB ever hit $1? Thoughts? 1 to 3 years for adoption? Or nahhhh?
August 14, 2016, 06:39:39 AM
Just a heads up to everyone. The 190,000,000 (190 million) DGB that Disgraced Cryptsy owner Paul Vernon tried to sell on bittrex were returned to the receiver. I reported it to bittrex and they froze it at the time and the latest filing of cryptsy receiver showed the values recovered.. on it was 210,000,000 DGB. Bittrex distribution page no longer shows the 190 million in address #1 on the exchange.
Glad that wasn't dumped. On the bright side that 210 million is tied up till receivers can disperse it. A sell might happen to spread costs over all users or they may split the DGB back to returns im not sure. The receiver has stated that since likely paul wiped the server records returning to users is going to become difficult so they need to figure a solution.
Glad that wasn't dumped. On the bright side that 210 million is tied up till receivers can disperse it. A sell might happen to spread costs over all users or they may split the DGB back to returns im not sure. The receiver has stated that since likely paul wiped the server records returning to users is going to become difficult so they need to figure a solution.
Where can you see the recovered funds?
For the topic
https://bitcointalk.org/index.php?topic=1173703.8460
Direct link to pdf
http://cryptsyreceivership.com/v1/wp-content/uploads/2016/08/Notice-of-Filing-Receivers-2nd-Report-8-2-16-full.pdf
Its on page 18 in the document approx... there is a list of a bunch of recovered coins. GLD seems to have had a huge recovery like DGB
A link to an article on this
http://www.coindesk.com/cryptsy-ceo-millions-digital-currency-steal/
August 14, 2016, 05:44:44 AM
Just a heads up to everyone. The 190,000,000 (190 million) DGB that Disgraced Cryptsy owner Paul Vernon tried to sell on bittrex were returned to the receiver. I reported it to bittrex and they froze it at the time and the latest filing of cryptsy receiver showed the values recovered.. on it was 210,000,000 DGB. Bittrex distribution page no longer shows the 190 million in address #1 on the exchange.
Glad that wasn't dumped. On the bright side that 210 million is tied up till receivers can disperse it. A sell might happen to spread costs over all users or they may split the DGB back to returns im not sure. The receiver has stated that since likely paul wiped the server records returning to users is going to become difficult so they need to figure a solution.
Glad that wasn't dumped. On the bright side that 210 million is tied up till receivers can disperse it. A sell might happen to spread costs over all users or they may split the DGB back to returns im not sure. The receiver has stated that since likely paul wiped the server records returning to users is going to become difficult so they need to figure a solution.
Where can you see the recovered funds?
August 13, 2016, 11:34:14 PM
Just a heads up to everyone. The 190,000,000 (190 million) DGB that Disgraced Cryptsy owner Paul Vernon tried to sell on bittrex were returned to the receiver. I reported it to bittrex and they froze it at the time and the latest filing of cryptsy receiver showed the values recovered.. on it was 210,000,000 DGB. Bittrex distribution page no longer shows the 190 million in address #1 on the exchange.
Glad that wasn't dumped. On the bright side that 210 million is tied up till receivers can disperse it. A sell might happen to spread costs over all users or they may split the DGB back to returns im not sure. The receiver has stated that since likely paul wiped the server records returning to users is going to become difficult so they need to figure a solution.
Glad that wasn't dumped. On the bright side that 210 million is tied up till receivers can disperse it. A sell might happen to spread costs over all users or they may split the DGB back to returns im not sure. The receiver has stated that since likely paul wiped the server records returning to users is going to become difficult so they need to figure a solution.
August 13, 2016, 07:08:50 PM
Can t wait for the new updated DGB technology 
Has been quiet here lately, gotta have faith that behind the scenes DGB team is working hard
Has been quiet here lately, gotta have faith that behind the scenes DGB team is working hard I Jared still here or has he left the project?
The github page looks dead and no news coming up recently
Jared is not like that, I think Jared is working hard, DGB is not a scam project like most projects
What support would help you think this ?
August 13, 2016, 04:30:35 PM
Can t wait for the new updated DGB technology Has been quiet here lately, gotta have faith that behind the scenes DGB team is working hard
Has been quiet here lately, gotta have faith that behind the scenes DGB team is working hard I Jared still here or has he left the project?
The github page looks dead and no news coming up recently
At some stage Jared has to think about his future, a 2 million marketcap is not going to pay the bills after the $250k funding is gone. Jared could make a lot more working as a marketing manager at some big international company.
It's his marketing that has created a marketcap for digibyte that is 10 times the value is should be. Want proof? Let Jared announce he's moved onto marketing ETHEREUM.
Show me a company that thinks marketing is a waste of time. Tell me how many Myriads I can earn playing any kind of game and where its site is. Tell me about Myriads Secure & Confidential Document Certification Service or how Myriad plans on engaging the masses?
Throughout my working life, I’ve encountered many people walking around with a piece of paper in their hand because they thought it made them look engaged perhaps a piece of paper in each hand if they wanted to appear particularly busy and that is pretty much what your active github looks like to me.
August 13, 2016, 04:53:03 AM
Can t wait for the new updated DGB technology Has been quiet here lately, gotta have faith that behind the scenes DGB team is working hard
Has been quiet here lately, gotta have faith that behind the scenes DGB team is working hard I Jared still here or has he left the project?
The github page looks dead and no news coming up recently
August 13, 2016, 04:49:55 AM
Can t wait for the new updated DGB technology Has been quiet here lately, gotta have faith that behind the scenes DGB team is working hard
Has been quiet here lately, gotta have faith that behind the scenes DGB team is working hard 
August 13, 2016, 12:52:05 AM
I am a fan of DGB, Myriad & Gulden.
Gulden is accepted in a good amount of shops, so they definitely have that going for them.
DGB has Jared which I agree is half the battle.
Myriad has a good team.
Buy them all.
Gulden is accepted in a good amount of shops, so they definitely have that going for them.
DGB has Jared which I agree is half the battle.
Myriad has a good team.
Buy them all.
August 11, 2016, 11:46:03 AM
Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other
Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.
I hate to say this but Myriad and Dgb development will have to merge. I just read the Gulden announcement page and it looks like they doing a massive release, they have already done 3 updates this year and it will start getting embarrassing that we have more then double their marketcap on www.coinmarketcap.com.
The one thing they don't have is marketing and this is where they will fail no matter how good their development is but if they have to get a Jared it will be over for many alt coins. I don't like the Gulden team and I want digibyte to be the best.
I am not trying to scare the developers but a merge with Myriad is a good idea, faster development gives Jared more to market.
Gulden is mainly for the Dutch where Digibyte is going for global usage with gaming adoption. I own both coins because they both have a good future.
August 11, 2016, 11:37:57 AM
Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other
Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.
I hate to say this but Myriad and Dgb development will have to merge. I just read the Gulden announcement page and it looks like they doing a massive release, they have already done 3 updates this year and it will start getting embarrassing that we have more then double their marketcap on www.coinmarketcap.com.
The one thing they don't have is marketing and this is where they will fail no matter how good their development is but if they have to get a Jared it will be over for many alt coins. I don't like the Gulden team and I want digibyte to be the best.
I am not trying to scare the developers but a merge with Myriad is a good idea, faster development gives Jared more to market.
Gulden is mainly for the Dutch where Digibyte is going for global usage with gaming adoption. I own both coins because they both have a good future.
August 11, 2016, 11:31:45 AM
Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other
Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.
I hate to say this but Myriad and Dgb development will have to merge. I just read the Gulden announcement page and it looks like they doing a massive release, they have already done 3 updates this year and it will start getting embarrassing that we have more then double their marketcap on www.coinmarketcap.com.
The one thing they don't have is marketing and this is where they will fail no matter how good their development is but if they have to get a Jared it will be over for many alt coins. I don't like the Gulden team and I want digibyte to be the best.
I am not trying to scare the developers but a merge with Myriad is a good idea, faster development gives Jared more to market.
August 11, 2016, 11:21:37 AM
Guys, let's rally together as DigiByte Knights and mine MYRIAD CLASSIC to send out a message that Immutability of blockchain is paramount. Get your Qubit ASIC today at baikalminer.com !!
Just joking. But anyway,
Just a couple of points I disagree on:
"I don’t see them winning by being disruptive, they ultimately win by mining more coin and fees."
Yes... People don't see the need to attack coins with weak security. Better to just not invest in them, and not bother to mine them...
"Doge is mainly merge mined with litecoin. I have said before, I don’t think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. "
True, but at the same time, Bitcoin and Litecoin(+auxcoins) dominate the hash rate for their respective PoWs to such a degree that if you don't enable merged mining, your hash rate will likely be so low that a profit switching pool could easily jump on at any time and inflict the same damage. And in fact they will do that attack, not out of malice, but because it's profitable. Meanwhile with merged mining, yes, an attack would be 'free', but they would actually profit from mining it honestly (consistently), so why would they attack?
Besides, when you add multi-PoWs, the situation becomes different from ixcoin. If Scrypt gets attacked, the blocks keep coming from the other PoWs. The chain doesn't get stuck while we're waiting for the difficulty to come back down.
I kind of see where you are coming from, I’m not so concerned about pools jumping for profit as I see that as legitimate business on the network and is an advantage to be taken by someone friendly or otherwise. It adds to overall network capacity so it should not pose a threat. Many professional miners do not hold the coins they mine because they see that as outside their remit anyway. Hard core supporters of a digital currency mine it even when it does not look profitable, because they understand that much of the time someone is trying to make it look unprofitable to make a profit.(DigiByte Knights) Just joking. But anyway,
I accept that Bitcoin and litecoin are secured by large amounts of mainly centralised hashing but I don’t know if I would say they were truly secure because of it. They are prohibitively expensive for someone new to make an attack on and the ultimate fear is that a government or powerful organisation may choose to deliberately disrupt the blockchain but you know what, I don’t see them winning by being disruptive, they ultimately win by mining more coin and fees. I don’t know how truly decentralized etherium really is and I suspect we already have a rouge super computer or two in the mix. As far as I know, Doge is mainly merge mined with litecoin. I have said before, I don’t think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. That’s a friendly warning from my perspective. Doge also has practically an unlimited supply; I just can’t take it seriously at all as an investment that is. It may hold its current value for eternity!
Just a couple of points I disagree on:
"I don’t see them winning by being disruptive, they ultimately win by mining more coin and fees."
Yes... People don't see the need to attack coins with weak security. Better to just not invest in them, and not bother to mine them...
"Doge is mainly merge mined with litecoin. I have said before, I don’t think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. "
True, but at the same time, Bitcoin and Litecoin(+auxcoins) dominate the hash rate for their respective PoWs to such a degree that if you don't enable merged mining, your hash rate will likely be so low that a profit switching pool could easily jump on at any time and inflict the same damage. And in fact they will do that attack, not out of malice, but because it's profitable. Meanwhile with merged mining, yes, an attack would be 'free', but they would actually profit from mining it honestly (consistently), so why would they attack?
Besides, when you add multi-PoWs, the situation becomes different from ixcoin. If Scrypt gets attacked, the blocks keep coming from the other PoWs. The chain doesn't get stuck while we're waiting for the difficulty to come back down.
Bitcoin or Litecoin unfortunately are so centralized today, that they could be seriously disrupted if not destroyed by military hardware, terrorists or even an accidental fire or flood. I’m sure this was never an original intention.
Because merge mining is predominantly pooled it is way more centralized, alternatively anyone solo mining actually adds a full node to support and strengthen the network(DigiByte Knights).
When a large amount of the mining is being done by machines predominantly mining something else, they are inclined to treat it as a bonus. At the same time individual miners are less likely to be attracted to mining your coin because of the competition and DigiByte is attempting to build a strong truly decentralized model.
Nobody can tell you right now, what we will in reality achieve because that will depend on whom and how many get on the bus.
August 11, 2016, 11:01:03 AM
Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other
Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.
I hate to say this but Myriad and Dgb development will have to merge. I just read the Gulden announcement page and it looks like they doing a massive release, they have already done 3 updates this year and it will start getting embarrassing that we have more then double their marketcap on www.coinmarketcap.com.
The one thing they don't have is marketing and this is where they will fail no matter how good their development is but if they have to get a Jared it will be over for many alt coins. I don't like the Gulden team and I want digibyte to be the best.
I am not trying to scare the developers but a merge with Myriad is a good idea, faster development gives Jared more to market.
August 10, 2016, 10:51:20 PM
Skein uses about 80% TDP on my GPUS. I think Scrypt was at 100% when i pushed them. Either way, its the middle of summer here, wont be running skein until winter, even then its a toss up.
I always thought there was specialized hardware for Groestl, turns out, i was right. I kind of forgot it was a Sha-3 candidate. Its cool reading some of the academic white papers on Groestl.
Looks like Skein is the only algo that doesnt require specialized hardware =\.
I always thought there was specialized hardware for Groestl, turns out, i was right. I kind of forgot it was a Sha-3 candidate. Its cool reading some of the academic white papers on Groestl.
Looks like Skein is the only algo that doesnt require specialized hardware =\.
August 10, 2016, 10:45:18 PM
I am glad the Qubit ASIC topic has come up again. Ive been mining Qubit for ages and had to finally shut down my rig. Around July 1st the asics were released and my profitability just tanked.
I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement. I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS.
why shut down rig? Why not re-task to another algorithm? If the mining isn't better for you elsewhere because your rig is so small, you can stay on Qubit like a true DigiByte knight. I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement. I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS.
I have looked at the others, Sha-256 / Scrypt / Qubit are out the window because of ASICS, Skein is incredibly power hungry and hard on my GPUs ( tons more heat, fans run alot harder ) and Groestl is possibly an option but it doesnt run as cool as qubit, uses more electricity, i cant undervolt as much for power efficiency, plus the difficulty is high enough that I cant cover my electricity bills.
Id mine if i can at least cover the electricity bill but i shutdown the rig because if I mine i want to support Digibyte and right now it isnt worth it to use a very power hungry algo and its summer so I have a hard enough time cooling it as is.
Yep... Myr-Groestl is FPGA'd. Skein I don't know exactly, but these algos are designed to be friendly to specialised hardware. They're only profitable for some GPU miners because they're unpopular. All the GPUs are mining ETH/ETC now. I guess it would be smart to swap them both for a more modern GPU algo...
Jump to: