Topic: ★★DigiByte|极特币★★[DGB]✔ Core v6.16.5.1 - DigiShield, DigiSpeed, Segwit - page 803. (Read 3058816 times)

For certain algorithms you will get more miners coming from myraidcoin. I don't think SHA and Scrypt mining will increase because multipools dominate those 2 algorithms so just no way to compete.
You are correct that most sha and scrypt miners only care about getting btc out of digibyte, which is why it will be hard for major price increases in the near term. Even if big investor comes and pumps coin to 50 multi pools will dump that 50 down back under 30 unless many big investors keep buying up coins every day.

It is also a spiral effect because many people buying now will also dump out at a price of 50 as it's almost 100% increase in ROI, so it's not just the miners, but if digibyte start getting a 1000 news users every month then the price will go above 100 even with all the dumps.

Awesome work HR! Thats a good list of emails you have over there with only 1.3% failed delivery.
I'm curious what email you are sending to them? ( Maybe you posted it before and i missed it because if whas afk for some weeks)

Thanks for the dedicated work as always!

If you are correct, dedicated Myriad miners should switch to DigiByte now.
Personally, I just don't buy this ' pools mining for best profit'. I think these guys are being duped, while their power is set against us to support Bitcoin.

A brilliant community site, bitkapp needs some big tips!
http://www.digistats.info/#/charts

I would suggest waiting to see how the change affects guldencoin and myraid coin.

My personal view because guldencoin has no dedicated mining it will work for them, it actually might be better for dedicated miners after the change because it won't be profitable for multi pools.
myraid coin it will be a bad move because most of their support is mining and the trade volume will most likely dry up as a result and lead to removal from exchanges after the initial pump and dump.

Digibyte has both miners and investors so the decision needs to be a lot more thought out.

Only a 1.3% "Failed Delivery / Undeliverable" rate on the last round!   

Digistats.info

http://dgbmap.com/ not working.

We are working on getting DigiExplorer back online. Stay tuned.

Hey Guys,  The block explorer is not working  http://digiexplorer.info/ and neither is the digibyte node map  http://dgbmap.com/

Six one, a half dozen the other. It's like flipping a coin.

And perhaps without rhyme or reason, I agree.

I agree 100%.

One of the issues I have with all this; is that Bitcoin is more profitable to mine, it has been since as far back as I can remember, but the mining stays pretty constant when averaged over time. I guess it could be a liquidity reason as Bitcoin blocks can sometimes take days to find and perhaps by mining DigiByte, smaller but more frequent payments are achieved when immediately exchanged. If somehow mining revenue was awarded on a weekly basis, I'd have my answer.

I've been staying out of the conversation because I will support whatever decision Jared makes.  Still, I obviously have my opinions. I was opposed (prior to the video).  But, the more I thought about it, the less I worried one way or the other.  Mostly I believe this is a question about if DGB should conform to the current altcoin "aura popularis."

We can't influence the real supply and demand.  We can only adjust the supply schedule (or I suppose the demand schedule if we are active buyers).

I'm not sure that we would lose dedicated, friendly miners.  Maybe some.  But, I hope that people who are serious supporters of DGB would continue to support the coin.  It might even help work against the non-committed miners who just mine whatever coin is the most profitable.  I think, in theory, reducing supply might benefit ASIC miners more than others.  ASICs are far more power efficient per GH than GPU mining.  So, it could lead to greater centralization of mining power.

Reducing the mining rewards (even slightly) would increase the cost of production per DGB.  In other words, my electricity bill is not going to go down, so if I receive fewer coins per day, it costs more for me to mine each individual DGB.  From a practical standpoint this could have numerous effects (both positive and negative) on the price.  I guess, in theory, it would create a new price equilibrium between the supply schedule and demand schedule.  But, there's no reason that the actual exchange price would adjust to that new equilibrium point (unless we're talking about in the indefinite long term).  It could lower the number of people mining DGB in multipools (the non-dedicated group who just autosell), because it could make DGB less profitable than other coins in the pool; but if it triggers a rise in price to match the new cost of production, then the same people would just jump back in and mine DGB when it's profitable again.  But, all this assumes that people who mine are the predominate suppliers.  If we include traders, we have a different set of supply and demand curves based on significantly different objectives (often different slopes as far as I can tell).  Honestly, there's no reason to attempt to guess what effects it would have.  It's just guessing.  Even if it's educated guessing.

The real question should be if it is the right decision to make for the long term benefit of DGB development and deployment.  If the answer to that question is "yes" - then I think it would benefit both traders and miners in the long term.

Gotcha.

This round was interesting from the psychological point of patience and endurance. I must have spent almost 3 hours “mining” just 100 or so e-mails, was asking myself where else I might look, and thinking that if I could just get another hundred and a half I could settle for a total of 1,250 when I happened on some “second tier” investment banks who are much more inclined to open their doors to the outside world, and, wham, just like that, in just a couple of hours time, I took my list to over 2,000! I had hit a main vein! A real nice batch of personalized contacts. In just a couple of hours! I’m the happy camper. Now it just so happens that I’ve run out of candidates to scour and I don't think I'll push my luck, and I think I’ll leave it at this with 2,000+ (2,178 to be exact) high quality e-mail addresses of principals, senior vice presidents, assistant vice presidents, managing directors, executive directors, heads of research, sector analysts, asset managers, corporate brokering, corporate finance, compliance and sales people in more than 50 companies with international scope.

Of course, the early data indicates the expected: that most, if not all, goes directly into Spam, but a good many of us take a peek and sometimes, and, well, if I saw an e-mail saying “Top 5 CryptoCurrency Investments 2015” with no attachment, I might take a look-see. We’ll have to see if their IT departments continue to give me at least Spam access or if they outright block me. Time will tell.

While on the one hand I know a lot of these folks are “old guard”, and crypto antagonistic, I also know that of all the target markets I can think of, these are the folks, with their very livelihood centered on financial analysis, investments and risk management, that if anyone knows how to correctly value the real long term investment prospects of crypto, it’s these folks, and that if there’s only one who reacts and gets involved, not even on a company level, but on a personal level – think about it, only one person with the income and wealth of these 2000+ prospects is enough to move markets (and there will be more than one, rest assured, and with time it will become institutional, but remember, for the time being, this is just first contact: the opportunity to get in front of them).

Next on the docket?  An article about how thinly traded the cryptocurrencies are at present and the need to be patient with opening positions.

. . . it would be nice to get a “newsletter” relationship going with as many of these people as possible . . .  

. . . and in September I’m going to buy a DB or two.

so answer to your private messages please 

And it's not too clear whether the benefits are really that big of a deal, both short and long term.  


I think that the solution is taking DigiByte to the world, in every way we can possibly think of doing it. We've got to 1) continue building community, since that is the essential foundation on which everything else rests, and 2) continue building community, 3) continue building community.

After all, when "bridging", or "selling", or "marketing" to the world, what we're really doing is actually building community.  :-)

It's kind of fun.  

Certainly is! Possibly haven't had as much fun since 1992 when Britain pulled out of the EMU. 

It's a rock and a hard place. I'm pretty sure DigiByte would probably lose a lot of dedicated friendly mining as a consequence and we desperately need that but at the same time, it is something that the DigiByte developers could do because they can't force people to buy,mine, hold and support DigiByte.

Lots of reasonable arguments regarding the 144 year production life.

I'm on the fence for now. It's a tough call.

can anyone see what the sha mining on DigiByte is right now?
Difficulty 2571767.38