DGB is very unprofitable for GPU miners at the moment because of the ASICs. The dev team should make a stance and show the community that they are going to keep DGB decentralized.
Scrypt - ASIC
SHA256 - ASIC
QUBIT - Originally CPU mining, Currently Dominated by ASIC
SKEIN/GROESTL - Originally GPU mining, Currently Dominated by ASIC
Time to take action before is too late. We're already in June and nothing was said or done.
We are approaching the half way point of DigiByte's distribution. It will take till 2035 to mine the other half, so I don't think it will be too late to act here for a while yet anyway but I would certainly love to hear about the options being considered too.
Value has to rise first in order to make it profitable to mine, because right now; it isn't...
If this continues, mining will stop.
As stated by others already;its more profitable to mine another coin and just buy them.
yes, if value rises more mining will come to mop it up but mining will not go away altogether. It is always profitable for someone to mine, it's just rarely people mining from home paying for domestic electricity. Amateur miners normally have to hold their coins to make them pay off and as I've said before, buying as many coins as they are able,when priced at less than what they can be mined for. You can switch to find something that appears more profitable but it won't be for long. The fact that DGB has 5 algos each looking at 20% of total DGB up for grabs makes calculating the process a little more complicated than it is for single algo coins, sometimes some are more profitable than others....It would drive me crazy trying to chase them, so when I mine, I generally use mining to gauge price for buying.
At the same time, I am supporting DGB by adding to the network. I am supporting my own position in DGB. I am helping to make mining slightly less profitable than it would have been for professional miners and therefore hopefully increasing the price a which they sell. All the time managing my own exposure to risk....having fun doing it....just loving the DigiByte project and the endless possibilities of actually solving some of the worlds biggest problems....and best of all, the fruit!
