Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 657. (Read 3058888 times)

Nice work dev and the market is looking very good.

* Transaction propagation changes based upon Microsoft research

Can the development team elaborate more on this point?

To confirm after the change it will be 240 blocks per hour, 5760 block a day and +- 2.1 million blocks a year. Digibyte will need to run off wallets like multibit that does not require the blockchain to be downloaded.

Your argument in the linked post is well reasoned and has caused me to modify my response a little.
I would have previously championed POS as per Diamond (DMD)'s implementation however that coin is designed to be held – not spent - and consequently is hampered by the reasons you put forward. To be fair they have been proactive with mitigation strategies but these are outside of the coin mechanics.
 
DigiByte with DigiSpeed is all about transactions – and transactions need blocks. They are going to need them every 15 seconds soon!
At the moment blocks can only be mined (OK securely by 5 different algos) and that is increasingly more expensive electricity-wise as difficulty increases. As mining becomes more expensive it also typically becomes more centralized

Block generation – not block reward,that is a different topic - by POS based on wallet balance and coin age with wallet (node) uptime (i.e. reset coin age when wallet closed) will provide blocks with substantially less carbon footprint and reward node uptime providers that are contributing to the network stability, coin investment and spreading (de-centralizing) block generation. Reward value can be small 1 – 2 % per annum. Its all about the blocks.

Add quark as an algo, give each algo 10 % of the network and 'uptime-only' POS the remaining 40% and you have a near perfect coin. But then – I'm just a newbie LOL so I'll shutup now

I know what you are talking about - heating your home.  It works and I have not used aircon in winter. Basically coin for free or heating for free - however you prefer to think about it. Problem is that in summer (as you say) it just does not work.  You pay the full price for electricity and suffer the heat - and barely manage to mine enough coin to pay for the electricity.

After you have spent the capital on miners though - you really have to keep it working.  Especially with ASIC's its an arm race and if you step out for summer you come back to a different world - diffuculty has risen and the reward has halved or less. I have no solution for this dilemma.

I mine and POS - and rather like POS. I am an environmental scientist - like I imagine you are.  Looking forward to your article - great to get well informed opinions.

Yes agree - I have supported POS for DGB from a while back.

Marketing hype and the sheeples perception of something != the truth necessarily, no matter how compelling any evidence to the contrary. Why else would people buy Apple products or drive hybrid vehicles 
We can spin it all we like but DigiByte will benefit from being 'seen to be green' when it comes to choosing one alt over another.

In my life outside of DGB, I work on environmental issues, questions, and problems.  I am deeply engaged and aware of the problems caused by anthropocentric impacts on the non-human ecosystems.  I have a really long reply to the question about if POS is more environmentally friendly than POW.  I'll finish typing it up in the next couple of days and post it somewhere (although not here because it's too long and detailed).

The short version is that yes, POS uses less electricity than POW.  However, making the argument that because it uses less electricity it is necessarily more environmentally friendly is not always true.  That claim requires making assumptions that ignore inputs, outputs, and how the use impacts the larger system it is a part of.

I advocate ASICs partly precisely because they are so much more power efficient and environmentally friendly.  I use my mining equipment to heat my house.  it's not a very big house so I haven't had to turn on my furnace since 2013.  But even if it were bigger, heating just a part of the house would offset the power and fuel for heating.  I don't mine in the summer (I only mine when I need to heat the house).  My mining equipment uses about the exact same electricity as the furnace.  So, there is no additional environmental impact - the electricity used for the mining equipment is roughly the same as the electricty used for the furnance; in fact, there is net environmental benefit because I'm not burning natural gas (my furnace burns natural gas for the heat but the compressor uses electricity to push the air).  Because of restrictions in the community where I live, I cannot install solar or wind-powered home electricity.  However, a substantial portion of my electricity comes from a commercial wind-farm. I know that Jumbley used a home wind turbine to power some of his mining equipment for a while.  I'm working on a solution that allows me to mine all year ... and I hope to have it done by the coming summer.

It's a really interesting question ... and I agree 100% that DigiByte should work toward advocating for positive environmental impacts of our network.

Looks like both Poloniex and Bittrex exchanges are on the way to update their DigiByte Wallets.
https://www.reddit.com/r/Digibyte/comments/3u7hva/introducing_digibyte_%E6%9E%81%E7%89%B9%E5%B8%81_v400_digispeed_digibyte/

and that person has the same name as me! well...half of it.  

nice    work

So we hit 50s, the downward spiral continues even with the recent updates. This is what I meant in previous posts, it seems that the market is completely unaware of news and updates. The only thing real is speculation.

Never say never.  Right?  

We've had several community conversations about POS.  I believe that the one we're referring to here happened back in February of 2015.  

At that time, I posted a response that outlined my objections to POS.  You can read it here:

https://bitcointalksearch.org/topic/m.10583087

I still have the same opinion today.   I would point out that I didn't entirely rule out the option of a POS system with DGB.  I simply suggested that we need to think about the impacts from an economic perspective rather than from a technical one.

When I founded the DigiByte Group, I made a promise that I would never attempt to use my work with the Digibyte Group to attempt to influence development decisions.  As a result, when I share my opinions here, I feel the need to qualify them by saying that I believe Jared always works toward thoughtful, considered, and professional development that benefits DigiByte.  I also know that he has in the past, and continues today, to evaluate all the options, including POS, and if he believed that implementing some form of POS were in the best interest of DGB, then I would fully support the decision.

I will address the environmental question in a separate post.

The market is looking great!  I'd take away the decimals for the DGB though as it makes the numbers look bigger than they are.

It was already discussed, this issue is a non-starter, multi algorithm pow is more secure. There is no technical benefit to Digibyte changing to pos other than a short term pump. (FTFY)

There is however a very big marketing benefit for a coin that consumes less of the planets coal powered electricity. Green credentials are a consideration when looking to achieve mass adoption IMHO.

It was already discussed, this issue is a non-starter, multi algorithm pow is more secure. There is no benefit to Digibyte changing to pos other than a short term pump.

made a good bit on that last pump.

Definitely have to agree with that.  The addition of POS would be a dramatic enhancement of DGB's appeal.

AFAIK there is no altcoin in existence which is multi-algo POW / POS hybrid.  If DGB went down this route it would be a first.  

Will the dev-team consider Cryptonit's suggestion??  

@digibytedev please get me back mod satus on reddit. I got kicked for posting promotion on LOL Sub Reddid!


Thanks! 

Update went easy as hell.
Downloading, closing current wallet, install, start....done! Good job!
Win7 x64SP1 all Updates
Sending and Reciving DGB went fine!



Hope the exchanges will update as well asap!

About 2GB...


-tb-

Tell me what is now blokchain has the size? I just have a little space on my SSD, + several others purses