Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 421. (Read 3058816 times)

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. 

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.

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.

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 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. 

I don’t know but what happens to Myriad if more people continue to mine qubit than yes-scrypt.
Could we end up with Myriad and a Myriad Classic?

https://bitcointalksearch.org/topic/m.15883790

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!

Great discussion and good to discuss these issues openly for better results.

So you're arguing for security by obscurity? Few people have Qubit ASICs, so DigiByte would be better secured by Qubit PoW...? Strictly speaking it wouldn't even really be obscurity. Google could of course afford to make enough Qubit ASICs to completely dominate the hash rate too, if they cared to.... But they wouldn't, because that's not their game, just as Google's game is not mining CPU coins either. I take your point that it's possible, but that's how it is with altcoins. Only Bitcoin, Ethereum, and Litecoin, possibly Dogecoin, are truly secure. Although, with their level of pool centralisation, even they are only secure so long as you trust the pool owners. I would say that Myriad, Digibyte, and Unitus are the most secure coins out there right now, relative to the value of their block rewards.... But their value is so small, that they certainly can't be secure against a theoretical rogue Google.

What do you do if say ‘google’ decide to mine MYR yes-scrypt? Your community has to get up and running very quickly to keep it distributed but there are plenty of organisations out there with enough computing power to take advantage of anything non ASIC, if they choose. Just saying...

Yes, the worst of the damage has been done, but it's probably going to continue for a long time yet. No, it's not a fatal problem for DigiByte, but it is going to have a negative impact on the value and security of the coin. Whether or not ASICs can be avoided is still actually an open question. Of course specialised hardware can always beat consumer hardware, but that doesn't necessarily mean that if a coin gets popular enough it will always be profitable and worth the risk to manufacture ASICs. There are constantly new PoW designs coming out that attempt to be as consumer hardware-friendly as possible.

The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldn’t like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I don’t see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.

http://www.baikalminer.com/products.asp

This is sounding pretty cool.

Let us know if you need any testers for this.

Thank you for bringing this to the communities attention.  This is the first we have heard of these ASICS.  Do you have any reading material on this?  We are looking into our own unique algorithm that with be GPU, CPU friendly.

Do you really want to support Qubit ASICs? Qubit is an unpopular cousin of X11. The X11 ASIC market is already dominated by a couple of big players who are 'testing' their equipment till the difficulty shoots up and jacking up the prices of their hardware. I'm not criticising them for it. It's the name of the game. But realise how bad this is for DigiByte. Any X11 ASIC maker could easily support Qubit with practically no additional cost to them. The result is that the security of anything Qubit mined is now basically a subset of the security of X11 coins. That is, it's weak and highly centralised.

Yes, DGB is multi-algo, so the effect of this is mitigated. But with DGB's high inflation, do you really want 20% of all block rewards being instadumped at ANY price? That is what's going to happen.

I'm not trying to be antagonistic here. I've changed my stance on these matters lately. The more multi-algo coins, the merrier.

who said we were doing that?

Digibyte and a geochoaching game would be  good

This is cool, I'm going to take a look at your work.

When will the latest Myriad update be done for DigiByte? Swapping of algos and code base update.