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Board Announcements (Altcoins)
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
by
myriadcoin
on 29/03/2016, 07:06:56 UTC
Hi guys. I know I said I wouldn't come back, but I can't resist...

A HISTORY OF DIGIBYTE

I'll start by noting that DGB launched with a broken difficulty adjustment algorithm. Difficulty changed every 144 blocks, with a retarget range of 0.25x to 4x.

#1440 Jan 12, 2014 12:05:11 PM       16000   Official premine over, rewards drop 72000 to 16000. Difficulty at 0.00105477

It's instamine time!
Every 144 blocks:


#1584 Jan 13, 2014 6:01:42 AM       16000   Difficulty drops to 0.00026369
#1728 Jan 13, 2014 6:03:35 AM       16000   Difficulty 0.00105477
#1872 Jan 13, 2014 6:05:33 AM       16000   Difficulty 0.00421907
#2016 Jan 13, 2014 6:08:25 AM      16000   Difficulty 0.01687627
#2160 Jan 13, 2014 6:12:21 AM       16000   Difficulty 0.06750507
#2304 Jan 13, 2014 6:19:04 AM       16000   Difficulty 0.27002027
#2448 Jan 13, 2014 6:30:39 AM       16000   Difficulty 1.08008109
...
#2592 Jan 13, 2014 7:03:05 AM       16000   Difficulty 4.32032435
#2736 Jan 13, 2014 8:56:35 AM       16000   Difficulty 5.60138117
#2880 Jan 13, 2014 11:58:01 AM       16000   Difficulty 4.44325559

The double rewards end:

#5760 Jan 15, 2014 11:45:37 AM      8000   Difficulty 6.31115652
                              = ~ 45MH/s, or about 40 top end video cards

All in all, 69,104,000 coins mined with a handful of GPUs in just over 2 days. Nice job guys.

5 weeks later... Hard fork to reduce rewards and maximise instamine effectiveness:

#57023 Feb 21, 2014 6:27:03 PM       8000   Difficulty 8.35521372   
                              = ~ 50 top end GPUs
#57024 Feb 21, 2014 6:27:33 PM       8000   Difficulty 19.3762414    Last diff change before reward reduction
#57121 Feb 21, 2014 10:03:38 PM       7960    Difficulty 19.37962414    Reward reduction by 0.5% every 10080 blocks

Price and difficulty plummet.

"I'm fed up mining these reward changing scamcoins..."

Every 10080 blocks:
#67201 Mar 1, 2014 9:52:34 AM       7920   Difficulty 11.94895065
#77281 Mar 11, 2014 1:42:30 AM      7880   Difficulty 17.35805563
#87361 Mar 22, 2014 7:38:41 PM      7841   Difficulty 7.91179439    Looks like only Jared left mining
#97441 Apr 3, 2014 9:15:07 AM       7801   Difficulty 11.12540833
#107521 Apr 15, 2014 9:24:08 PM      7762   Difficulty 19.86894542
#117601 Apr 30, 2014 5:56:59 PM       7724   Difficulty 15.08022371
#127681 May 21, 2014 8:41:05 AM    7685   Difficulty 80.43841606   Blocks are slowing down. Must be the ASICs taking over Scrypt multipools?
#137761 Jul 7, 2014 1:56:33 PM       7647   Difficulty 80.57865768   Slow.

Multipools having a ball with this Scrypt shitcoin that has nothing going for it at this point as far as the public can see.
Time to implement multi-algo and announce it on the first post here on this thread:


Quote
September 1st, 2014: MultiAlgo hardfork at block 145,000. DigiByte plans & successfully deploys its second hardfork to allow miners to mine on five independent mining algorithms & is the first digital currency to make such a move.
https://github.com/digibyte/dgbbitcointalk.org/commit/292b4bb8074318bf6ca59d3057dcb255ce9391ae

#145000 Sep 2, 2014 4:32:42 AM      7647   Copy multi-algo straight from MYR. MYR had 30s block targets at the time, DGB 1 minute... Guess the devs forgot? Double rewards and reduce twice as fast (still every 10080 blocks)
#147841 Sep 3, 2014 4:56:00 AM       7608
#157921 Sep 7, 2014 9:47:12 AM      7570
#168001 Sep 12, 2014 3:03:56 AM      7532   On the other hand, seems unlikely they're that incompetent...
#178081 Sep 16, 2014 9:02:17 PM      7495   

Price nearly at its all time low due to big inflation increase. Who would bother to mine this shitcoin unless they knew something we didn't? Apart from auto-exchanging multipools that is.

#188161 Sep 21, 2014 1:07:31 AM      7457   
...
#362880 Nov 26, 2014 7:15:41 PM      6848
#372960 Nov 30, 2014 2:05:41 PM      6814

Start of December, DigiByte announces its 250k investment http://www.coindesk.com/digibyte-raises-250k-altcoin-retail-payments/

#383040 Dec 4, 2014 12:15:38 PM    6780
#393120 Dec 8, 2014 12:01:13 PM    6746

Time for a fork to drop the rewards... JARED NEEDZ CA$H!!

#399999 Dec 11, 2014 3:51:42 AM    6712   
#400000 Dec 11, 2014 3:51:45 AM    2434

I understand the devs, either through incompetence or plain scamming, doubled the rewards a few months ago... But they correct this by reducing it 2.75x?

Huge price explosion... Rolling my eyes... Jared is rolling in cash!

March 26, 2015: Hype the upcoming DigiSpeed hard fork. Claim it will be able to process more transactions per second than Visa, and far more than Bitcoin. This turns out to be complete bullshit, of course. https://bitcointalk.org/index.php?topic=408268.msg10892349#msg10892349

August 25, 2015:Seriously, where is this DigiSpeed? Jared still hyping it. "We have set the hardfork block at 1,300,000. This will occur roughly on Monday October 19th 2015" https://digibytegroup.com/project/challenge-contest-october-2015/

Finally, the DigiSpeed fork:

#1430000 Dec 5, 2015 12:35:44 AM   1078   Halving + theoretically half the block times
...
#1437478 Dec 6, 2015 8:08:08 AM      1066   ... oh no... orphans...
#1437479 Dec 6, 2015 8:08:19 AM      1066   orphan
#1437480 Dec 6, 2015 8:09:24 AM      1066   orphan
#1437481 Dec 6, 2015 8:09:25 AM      1066   orphan
... every next block...
#1440000 Dec 6, 2015 6:37:04 PM      1066   orphan
... still every block...
#1500000 Dec 17, 2015 3:55:42 AM   1066   orphan. wow, they sure are stubborn.
...
#1528099 Dec 22, 2015 12:57:34 AM   1066   orphan
#1528100 Dec 22, 2015 12:57:35 AM   1066   orphan
#1528101 Dec 22, 2015 12:57:40 AM   1066   orphan
#1528102 Dec 22, 2015 12:57:46 AM   1066   not an orphan

During this time, DigiByte was extremely vulnerable to attack, but it seems the DigiSpeed issues have finally been fixed (or have they?)

Now they're hyping DigiByte gaming. It's a massive pump, but for how long... Until MYR makes its return? Wink

If anyone would like to take on updating the Android wallet we can organize a community bounty for the project ( this is the idea behind digis4commits).

250k investment. LMAO.

N.B. This list of dodgy acts committed by DGB devs is by no means exhaustive. It's only what I managed to uncover with just a couple of hours research.

References:
- This thread
- Digibyte's block explorer
- Digibyte's github