Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 554. (Read 3059029 times)

The sha256 algo has become the workhorse of DigiByte I believe, so I think we will be keeping it for the time being. The insurmountable network speed of bitcoin is what many people believe provides its supreme security but with perhaps the imminent introduction of quantum machines that could change. It's not like satoshi had not thought of this, bitcoin was always destined to change with technology. after all that's the beauty of software. DigiByte strives to make this technology available to everyone and our multi-algo approach stops the big boys totally running away with the ball but we are still playing the same game, got a dog in the fight if you like!  

edit: I'll think you will agree, that's better than a dog in your logo! 

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.

Nice to know. What fraction of the hashrate do you get though? Can't be much since we're talking about GPU mining with the GPU at 90% already with the game, correct?

The bandwidth issue is so insignificant that I've never seen it mentioned anywhere before here today. The following Google search makes clear that the only people who are concerned about bandwidth are pool operators. http://www.google.es/search?q=bitcoin+mining+bandwidth&oq=bitcoin+mining+bandwidth&gs_l=mobile-heirloom-serp.12...0.0.1.1132.0.0.0.0.0.0.0.0..0.0....0...1c..34.mobile-heirloom-serp..6.14.1436.5cQRBgwBq9s

There's all kinds of info out there . . .

Let's put numbers. We're talking at about hundred bytes per minute.

You can absolutely mine and play at the same time, just not with AAA games. In practice many games games are mostly bandwidth hogs so GPUs have plenty of spare time. The highest-profile games I played while mining were Borderlands 2 and some HD remix of Serious Sam. I've mined Qubit, GrsMyr, even NeoScrypt. Qubit works like a charm, little impact on both framerate and hashrate. As a comparison, Yescrypt is incompatible with everything. Best part is power consumption since your GPU is already 90% loaded when gaming so you get only part of the hashrate but at a fraction of the cost!

cool

Features:

• Market data feeds from Poloniex and Bitfinex with multiple currency functionality
• Advanced market data features
• Market cap data
• DigiStats API integration including difficulty, coin supply, blockcount, network hash rates, number of nodes and more!

Usage Tips:

• You can add the chat bot directly from your Telegram app by adding @digubot
• The commands should be sent as '/command' and not '/command@digubot' when in groups
• Please do your best not to spam and hence clog up the bot

Donation address: DEbyS2U1u7EucBAuyRXsGaixXr6e28Qk9e

this is a lot to handle at once. I'll start reading before doing anything. for now I'm going to test every single possibility, then chose the best way. I have a vps to test on and I may try with ASIC, and I'm right now going to test my cpu mining and gpu mining.

Mining with a GPU will use exactly the same bandwidth as with ASIC - on a comparable DGB mining payout basis that is - and if you've got a gaming rig already built, then you've already got the necessary hardware. Right, you can't mine and play at the same time, but you can mine when you're not playing, and get some nice amounts of DGB doing it. I recommend mining with the groestl algo since it is the most efficient electricity wise and stresses your system much less than others (nice clean COOL efficient mining). It has a bit of a learning curve to get everything set up, but I think you'll find all the necessary information on my forum, or at least the links to that information if not: http://asistec-ti.com/phpbb/viewforum.php?f=19 It'll take you some time to get set up, but once you've got it properly configured, it's nothing more than starting your miner and then making money while you sleep.

One other note: yes, buying DGB directly in the open market is still cheaper than the electricity cost needed to mine equivalent amounts so you're not going to need to get in a hurry, but I do expect that to change in the not too distant future so take your time and get it right and you'll be set up. In the meantime, you can buy about 2x the amount you can mine with the same fiat . . . but I haven't checked the price in the last couple of hours, and maybe that's changed already!

Edit: Remember, multi-algo levels the playing field: you need the same amount of electricity to generate equivalent mining rewards regardless of the algo mined because the payouts are algo adjusted as it were (e.g. you get much less per ASIC hashrate than you get for GPU hashrate). That's the reason for multi-algo: to keep things fair and the average user in the game . . . which leads to a real widely distributed network that is secure, etc., etc.

I'm saying I don't use a vps and would not, if that's the same thing. 

you say that vps in not a good idea.

Mining can be a real mine field and it can be difficult to see how it is going to be profitable sometimes. It makes sense to use GPUs that you have for gaming anyway to mine when you are not gaming. You will mine more dgb with asics but that is all you can do with them and if you sell what you mine immediately you are probably going to struggle covering your electricity costs unless you have the latest and most efficient miners in which case you are going to struggle recovering your capital costs. This is why mining is dominated by farms that make use of mainly self generated electricity. Having said that, mining is absolutely imperative to the Digibyte network as it is bitcoin or most other cryptos. If many people run small but affordable miners and hold what they mine then one day it should all pay off and they would have really been doing their bit to support this project and keep it decentralised. With the bitcoin block halving approaching, there is likely to be more second hand asic equipment coming onto the market so keep your eyes peeled for a bargain. I also try to buy at least the equivalent to what I mine from the markets to bolster long term ambitions. Many of these smaller miners are practically next to useless for mining bitcoin as payouts are going to be extremely rare whereas using them to mine dgb will still see regular payouts. Keep it affordable, is the best advice I can give you but please please mine if you can and is better to be doing yourself than relying on some third part service that might go out of business tomorrow.

Just be extremely weary.

I'm only on 10Mbps Download and 1Mbps upload btw.  Aussie internet sucks!

I have contacted a company support : http://puu.sh/n6gcL/b6b3e6cf50.png
what do you think.

I think that's because of the quality of your internet provider, I have a 4Mbps speed, and the reputation of my provider in my country is shity, you get the idea. but I'll consider buying an USB ASIC, do you have any stats ?

The problem is that even if it was profitable the VPS host will shut you down quickly because you will be using all the CPU cycles. I'm also a gamer and when I did mine I used to have 3 graphics cards. 2 of them would be mining away and I'd use the third to play games. If you were to get an ASIC you would probably get the same ping in game that you get now.

Mining won't hit your connection that bad,
I'm mining a coin with my graphics card, I have 3 Scrypt usb miners mining and 2 POS wallets going and its barely affecting my sons ping. (i'm on cable though)

Don't buy usb scrypt miners, you will not make your money back, you are better off using that money just to buy Digibyte.
I just bought 3 futurebit miners from the forums because I wanted to have a bit of a play, but I wont make back the $90 I spent on them a couple of weeks ago.

But if your hell bent on picking some up, check out this post, there may be some left
https://bitcointalksearch.org/topic/m.13869225

Although, I think, listing at more markets ( for instance Asian markets) would benefit DGB, I am much more looking forward to Jared speaking at btc-onferences, like the one in South Africa at march 3 and 4. As far as I can see, DGB outperformes BTC on every aspect when looking at suitability for payments. What we actually need is a big company, like for instance overstock.com making an announcement that they will accept DGB. Something like this will putt DGB really on the map. Besides all the new things going on with DGB, I think, Jared should focus on a speech about the quality of the coin and it's perfect suitability for small payments.

if the vps can mine, then I'm not thinking about one vps, I' thinking about a lot, I'm saying I'll buy an unlimited vps reseller and not a vps.
so if he can mine just a few with a lot of them I can mine more and more. looks goood to me.
but let's wait for a miner.
the USB ASIC could be a great idea, but I'm not willing to use my internet connection. I am a gamer I need my internet to play, and sins the digibytegaming payout are becoming lower and lower, I need another way to get dgb. so using my internet connection is not an option. that's why I come up with the idea of vps reseller.

Dont buy a VPS, you will lose money.

You could pickup a USB ASIC on ebay which is probably best for you but I dont mine anymore so I couldn't really say. Maybe one of the miners could offer some insight?

hey guys, I think about starting mining by using a vps. will that work ?
and I did try to read all what you wrote about mining in this topic, but it seems that the software that helps beginner is down, and I'm really having trouble understanding.
can any one upload "DigiHash 3-Click Easy Miner for Beginners" for me please.
and does any one use vps for mining I need some stats, because I'm thinking about buying a whole vps reseller.