Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 544. (Read 3058816 times)

Thanks! just as an FYI to those who don't know, we've updated various little aspects of the bot. We've added bittrex coins (for those not available on polo), made a few formatting changes and optimized the code! We're also planning on adding a notifications system but we don't have a clear timeline yet for when that will be ready.

Hehe not even I know about this, exciting Jumbley

I'll make sure to forward it over to Jared whom I sure will try to resolve any issues ASAP.

Is Digibyte Gaming down again?  Haven't been getting payouts...

DigiByte 'community' group has been planing something but  we may have been a little distracted lately so we will keep you updated when we are ready.

I'd just like to point out, I particularly like page 34 of Tyke's book! 

.......Is the air clear now? Just wanted to share what i learnt:
Bitcointalk forum is heavily moderated. So keep it clean and simple.
it will be awkward for a newbie to come in and find posts that seem to have ended but strangely continues, like a story book with missing pages here and there.



Back on Track
Anyway, would love to hear some updates from Jared/DigiByte. Besides the iOS wallet, what happened to the new website? is DigiByteGaming Wallet completely fixed already?  and looks like Fishball Riot in Mongkok didn't get any worse. phew... ANNNNNND MARCH 4TH 2016, Next Friday: http://bitcoinconference.co.za/speakers/jared-tate/

Also, on the community side, anything new? contests? etc? putting that aside, glad to know that 2 new merchants have accepted DigiByte. One was www.elektrischefietswinkel.com. And for the other, i was quite surprised to see 1 such post amidst the heated posts. When i saw it, it was like " (O_O) A GLIMMER OF HOPE!" LOL! i mean, just visualize a fight scene in a club room and someone just walks in and say "Hi, i would love to join your club."   But gotta give some cheers to that new merchant  . For those who missed it, here it is:


Oh and here is a PLEA that needs to be answered for Tyke:


And last but not least, awesome work by bitkapp and dennahz!


Alright! We need to get back into the groove!
DigiByte ain't gonna stop and end here. The year 2016 is rocking with lots of alt-corns and we will see which will POP!

There is more but I've made my point! This is not a good place to get serious information, it can't be trusted!

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
Quote from: HR on February 15, 2016, 09:30:25 PM
Quote from: Jumbley on February 15, 2016, 09:21:57 PM
Quote from: HR on February 15, 2016, 08:57:46 PM
Quote from: HR on February 15, 2016, 12:46:41 PM
Quote from: EPLDCC on February 15, 2016, 08:51:39 AM
There is not a set formula for mining profitability. I thought your analysis was interesting HR. However, it didn't match my real world data using scrypt ASIC. Mining can't be analyzed as an independent activity from trading or from a larger systemic approach to investing, supporting, and engaging with DGB. I spent a significant amount of money on my current ASIC rig. Around the time it was delivered, the support forums for the company were filled with people saying that it could never be profitable. Here I am, 2 calendar years later, and I'm still theoretically in profits mining DGB. I say theoretically because I don't sell to pay for operating costs.[/color]

Your work with support and analysis is fantastic. It is a huge benefit to have you working on behalf of DGB.

To directly address the points in your previous post ... GPU (and CPU) can be profitable. Clearly it's not the best choice if you try to compete directly with ASIC. But, it can squeak out a a profit with the non-ASIC algorithms when it is done with care and thought in the process of mining DGB. ASIC mining is not necessarily bad. Neither is GPU or CPU necessarily good. ASICs are a part of our world.

At DGB we have a great diversity of mining and support within our community. The diversity adds value to DGB.

We all get frustrated sometimes. It happened to me from December through January. I just felt like no matter what I wrote here or tried I was pissing into the wind. I was disheartened, but it wasn't about DGB.

We are here as a DigiByte community to support and encourage and grow. Everyone here contributes and adds value to our community. We disagree. We agree. We argue. We build. We develop. We support. We are all committed to the success of DGB. I think it's great that we have seen some new members of the community expressing interest in mining and supporting DGB. To all the new members of our community ... we are here to help you. DigiByte has a bright future. I believe we will have plenty of challenges on the way, but we'll get there.


The analysis was done using The Blocks Factory data using national average US electricty costs and can be confirmed by anyone with basic math skils wishing to do so. (You can pass that on to Jombley so he does't feel hurt.) The results show that SHA mining is profitable at current prices (on an ex-hardware investment basis) and the clear implication is that GPU mining could be profitable if SHA were NOT present since price would adjust accordingly.

Nice to see someone actually addressing the matter head on and logically BTW. :-)



Another possibility to make the playing field even leveler so as to increase relative profitability between algos, and thereby further incentive "average guy" mining and a more widely distributed and secure network in turn, would be to reduce SHA payouts by 75% and scrypt by 25%.

Everything would truly be equal then, and those beloved SHA miners would still be a part of the "community", BUT WITHOUT SUBSIDIZED FAVORITISM!

Anyone have a problem with the concept of equal opportunity? Especially considering it's even in DGB's best interest?

Doubters and out of hand disqualifiers, confirm the numbers on your own, or if you're too lazy, just ask the Devs if those payout differences are correct or not - they should know . . . and if they don't, it's high time they did!

Again, the raw data is there for anyone with the courage to look and the ability to do basic math. There's no subjectivity involved, much less mystery.

Quote from: HR on February 13, 2016, 06:49:17 PM
I've crunched the numbers, partly because I was curious, and partly because I'm a nice guy who wants to lend a hand.

At current rewards, in order to mine 5000 DGB with modern SHA-256 ASIC equipment, you'll need ~2.4 kWh. With modern Scrypt ASIC equipment you'll use ~7.5 kWh. And with the GPU algos (all very similar) you'll consume ~9.9 kWh.

As you can see, there is quite a bit of difference between SHA-256 and GPU, but whether that difference is enough to cover your fixed hardware investment or not, that is if you buy an Antminer or not and can reach ROI, for example, is up to you to figure out.
The difference between scrypt ASIC and GPU is much less pronounced, but if you've already got a gaming rig set up, it probably won't take too much convincing to just use what you've got and get with installing and configuring your miner since we're only talking about 30-40 cents a day of difference.

Edit: I've always been in favor of rotating out SHA-256 and substituting it with a more widely distributed friendly algo BTW.



And between here and there, some 80 posts or so, much of which is reactionary nonsense meant to distract attention away from something possibly extremely beneficial for DigiByte, there are other other bits and pieces of information and words to the wise.


Firstly, I have no problem whatsoever in attempting to level the playing field, it’s what attracted me to DigiByte in the first place. HR, you need to lay out your workings to be scrutinized, it is simply just not good enough to say it’s there for everyone to see, blocksfactory data bla bla bla. That’s like saying there is proof of god in nature around us, for all to see. What happens if we double the work done by any one of the five algorithms currently being used. How does that change the numbers you are looking at?


You just couldn't leave it could you. What did it take you? Two minutes to bury a serious post with your nonsense? With your negativity. You know how to do the calculations yourself, don't you? You can multiply and divide can't you? If you have nothing better to say that "no", why don't you just shut up instead of making a fool of yourself. Read what you just posted. Are you proud of such negative, obstructive nonsense?

I've included your thread, I have buried nothing! It was my understanding that each algo is chasing 20% of what is available to mine! So, forgive me if I'm having trouble taking you seriously.

More people in here having posts deleted by mods?

A reply of yours, quoted below, was deleted by a Bitcoin Forum moderator. Posts are most frequently deleted because they are off-topic, though they can also be deleted for other reasons. In the future, please avoid posting things that need to be deleted.

Quote
Quote from: HR on 16 February 2016, 07:55:41


Yesterday, 24hralttrade and I had a fairly extended private conversation about this. As with many of you, he was having difficulties understanding my assertiveness, directness and seemingly lack of friendliness. My main point was this is not a social club where we have to be jolly nice, rather this is serious business (apart from well known mindless hangouts like DOGE and reddit, how long do any of you think a nitwit spewing nonsense would last on the thread of any serious coin from Vertcoin to Diamond to Gulden? 20 seconds?).

I put it to 24hralttrade in more immediately understandable terms for a retail shop owner:

Think about it this way: would you have someone working in your store who not only knew next to nothing about the product and clearly demonstrated zero interest in learning who told customers whatever sounded good to him/her at the time, but, in addition, also interrupted and cut in front of you when you tried to appropriately help the customer? That's the issue, and it doesn't matter if it's mining or basic crypto concepts, it's the same attitude and behavior across the board. You might enjoy having a beer with someome like that - they might even be a good laugh - but would you invite them to work in your store?

You know what his answer was? Can you guess? Well, since 24 is such a kind person, his answer was no answer: the conversation ended there, dead in its tracks.

We all know what the answer was though.

This community needs to distinguish between what is negative and what is positive, and that, of course, depends on whether it wants to aspire to be a DOGE or a VISA like payment system - the roads to be taken are very different, and what is "positive" for one is not necessarily positive for the other (e.g. being positive in a fool's world means not caring about ever having to get anything right and just saying whatever sounds good to you regardless of how absurd it may be). You guys make your decision. I've laid out the situation in a crystal clear manner and no-one can say "gee wiz, I didn't realize". The responsibility is the community's and I've done my part, and frankly it was everything I could.

Good luck, and best wishes to all,

HR

I did not give a answer to you yesterday because i dont want to spend all day (my only free day in the week) on picking side or calming fights and so I really wanted to refrain myself from this convo,,, and yes we did talk in PRIVATE but now you get this out in the open i needed to comment on this.


Yes i contacted you, Not because you, EPLDCC or jumbley is right or because i pick any side, i did this for the better of Digibyte and wanted to clear some air in this hard and unfriendly discussion.

So i will give you 1 answer and the only thing i will answer you about is the comparison  of my store and Jumbley or EPLDCC being right or wrong /  Digibyte.

1- They do not get paid, Digibyte is open source, Everybody can/will/may do theire own thing.
If someone works @ my store i hire him because:  1: work hard 2: have passion 3: I believe in him to be a better sales man.
IF he refuses to learn or work the way i want, He can take his jacket and leave but i will still PAY his salary for the time he worked.

2-
If someone in my store does not work the way i want in attempt 1, Attempt 2 nor 3 i will not call him a troll or blame him for giving my store a bad name or talk disrecpectful to him, and you know why? I hired him, my responsebility, my money, my store. After a few attempts and he still refuses to not work like i wanted to, Yes he can leave but i will still pay him for the time he worked.


Now take if from the Digibyte side, The opensource project

Did jared hire Jumbley or EPLDCC? No. Do they get paid? No.
 
Did jumbley/EPLDCC put allot of time and money into supporting Digibyte by 1:Mining 2: supporting in the background with allot of projects 3: Get new people to Digibyte/advertising? Yes, And so they are willing to do in the future just for the better of Digibyte.

Both of them are free to think/do or say wat they want but im sure that 100% of the core members can tell you that Jumbley nor EPLDCC are trolls or harming Digibyte as the way you see it... Its not even coming close to what you are saying.

Maybe they do not agree on you, They may do not see your hard data as you want them to see it or maybe you are wrong? As i sayd before in private messages to you, I dont know enough about mining to say who is wrong or who is right.
But i know enough about respect to others and i can clearly say that the respect you have towards Jumbley nor EPLDCC and so Digibyte is below level atm and i have never, ever thought this could come from you HR.


So, Please keep it on a normal level of discussion and please do not feel attacked or be disrespectfull to others, Digibyte has always been an open and friendly coin and everybody needs to feel he can join in and enjoy being free on forums for wat he thinks/feels or likes. Thats why we are here for, Right?

We are all here for the better of Digibyte, Ups and down, Agree or disagree, we all want Digibyte to have a bright future and we all know that Jared is working his ass off to make it work, And so are you HR, Jumbley, EPLDCC or anyone else supporting Digibyte.


Thanks allot for all the things all you guys have done so far, Digibyte could not have make it this far without all of us.

- Michael

You could just trust that the code is completely safe but the whole point of it being OS is that you can check yourself or should you just trust the people that say its ok? DigiByte’s objective is not to teach the community how to code but they can learn and educate themselves if they want to because it is all there to examine and I’m sure you will find people that will take the time to answer genuine requests for information by someone that has taken the time to do that and then asks nicely.
What is going on here lately is farcical and if you ask me a deliberate attempt to undermine this project, it’s not anything new really. On top of that you have BCT moderators, assuming they are actual BCT moderators and not someone who has hacked this site, removing legitimate posts skewing the conversations and making them appear out of context! So anyone not keeping up with stuff as it happens is unlikely to end up informed anyway!

I would just like to add that HR's tone and way of communicating isn't very inviting. Your not really motivating anyone by demanding answers (as none of us work for you etc.) with the way your asking your questions. Maybe if you had been nicer this would've all been answered and resolved ages ago.

P.S. I think in the 21st century everyone should no at least a tiny lil bit of code

Sweet glad to hear it.

Forgive me mental, your post was just brought to my attention.

Read the code to find your answer? Are you off your rocker?

Could anyone imagine someone from Ubuntu saying something like that? From Redhat? SUSE? Any of the principal distros?

Could anyone imagine that such important, critical and key information isn't even documented in the first place?

And then, when someone asks, the answers are first to ignore, second to be flippant, third to seriously suggest it's not important, fourth to disqualify and personally attack the person asking . . .

Does that sound normal to everyone?

We, the end users should read the code to answers central questions about how DigiByte works?

Are you serious? (And don't play coy by saying I didn't quote your entire post - the rest was superfluous, and certainly didn't answer the questions.)

Again, is there anyone on the DigiByte team professional enough to start that basic documentation that everyone can understand by putting the following code in layman's terms instead of suggesting we all need to learn to code? (I make that a general question to all, not just to you, since Jared did the same thing, albeit more indirectly and with much more obfuscation.

Ah yes that's the problem lol thanks dude

That was the point of the hard fork. Are you by chance on an older wallet? You should be on 4.0.3 and if not I'd suggest downloading and install the new wallet from http://digibyte.co

I think that we don't have a problem with the current reward schedule.  So I suppose I think we shouldn't rush to change it.  But, here are just a few comments about the block reward discussion.  I could write long posts for each of the points below.  But, instead, I just put these here as 5 related comments.

1. I understand the logic when people suggest that reducing the block rewards would increase value for existing coins.  It's a supply and demand thing.  If you reduce supply, there will be greater pressure on the demand curve, which will move the exchange equilibrium up (at least theoretically).  But, I believe that would be a short term increase and would eventually decrease the total value of DGB.

2. I know for sure that not all mining rewards are ending up on the open market.  Mine don't.  I'm equally sure that a good amount of them do end up on the open market.  Just for the sake of argument, let's assume all the mining rewards ended up on Poloniex every day (which they don't), it would still be less than 15% of our average daily volume just on that exchange.  So, any increase in exchange price probably wouldn't be too dramatic.  I personally wouldn't be worried about the mining rewards until that percentage gets much higher (something like sustained averages above 35% of the sum daily volume from all exchanges).

3. DGB is not an inflationary coin.  Technically, like BTC and other POW coins, it's deflationary.  There is a 1% decrease in mining rewards each month.  When people write that it's inflationary, what they seem to mean is that we have more new coins produced from mining than other digital currencies that they are exchanging, and they want to leverage the existing DGB they have saved for a greater short-term exchange value.  To me that seems self-serving and short-sighted.  Instead of working to leverage the short term value of our existing positions, I would suggest that we encourage new markets to increase consumption and liquidity.  Go back to number 1.  Basically, I think instead of trying to reduce supply, we should all be working to increase demand and use value.  Increasing demand would have a sustained impact on the exchange value.

4. If we want to see the exchange value increase year-over-year, we want to encourage exchange and liquidity in the markets.  The current markets (with exchanges) are largely closed loop systems.  But, I believe that will begin to change in the coming 24 months.

5. There is an advantage to continuing our current level of mining rewards because it creates continued upward pressure on total-exchange-value (what most people call market cap) for DGB.  As we approach investors and companies for partnerships, sponsorship for gaming, etc., it looks good that we have demonstrable yearly growth in total exchange value and total exchange volume.

I'm sure there are some possible avenues and vehicles that we could use to address the concerns about supply that have been posted recently (and in the past).  

Just tried it, now it's stuck on block 1430000

Good point Sharkzz1!  I’m sure if you chose to you could offload a shed load of DigiByte and still make a profit now, because you bought it cheaply. What there does not seem to be anywhere today, is hard evidence that a solution to inflation is reducing coin production but perhaps with a much larger community there could be. I find it difficult to think about inflation or deflation anyway when I’m not sure what the starting point is. With the volatility and amount of variables in crypto, its just not funny!

I thought the inflation discussion was pretty interesting so here are my thoughts about it:
Let's compare it to Dogecoin because it has quite a similar price.

DigiByte:
-15 Sec block times
-1055 DGB per block according to CoinWarz, i don't mine so i don't really know if it's up to date  
-5760 Blocks per day = Approx. 6.076.800 DGB per day
-At current price of 50 Sat about 3BTC per day


Dogecoin:
-60 Sec block times
-10.000 DOGE per block
-1440 Blocks per day = 14.400.000 DOGE per day
-At current price of 65 Sat about 9.36 BTC per day


As you can see, Doge has way more coins coming in per day.
And with Doge there is also a issue, they don't have any block reward reduction, so it stays 10.000 for ever and ever.
DGB does have block reward reduction and only has about 4.220 DGB mined per minute compared to DOGE's 10.000.
Look at the amount of coins DOGE has compared to DGB, 17 times more than DGB!!
So even though it has way more coins than DGB and the amount of coins mined is more than 2 times the amount of DGB it has a WAY bigger community than DGB.
I looked at their Reddit and it has almost 79.000 Dogesupporters compared to our 2028 DGB supporters.
So i think there won't be any inflation issues as long as we have enough DGB supporters.

edit: ^^^REF:Cryptojunkey post above. (I left it alone as it was addressed to Jared)

3 bitcoin in not an enormous amount, not when you compare to BTC coming onto the market but bitcoin has a hell of a lot more mining than we do. It is true that many people invested in DigiByte have no mining, so are not supporting their investment if it is a large amount of DGB they have.
 
Even I will argue that mining has to increase dramatically to alleviate this problem as well as strengthen our network. Maybe it would be a good idea to slow down production in ratio to aggregate mining, so that more DGB would be made available as mining increased until it reached a target level.

I know this would play havoc with the 21 years thing but what is that anyway?

On the other hand, left as it is you could say it will all come out in the wash and sort itself out on its own some day. The question is will we survive that long if we do nothing, perhaps?

By slowing things down, effectively we would be allowing new mining that joined our network to be as profitable as existing mining and that might have a big draw!

But then again, maybe the miners that we already have would just leave!

There is always more than one way to look at anything.