Quote from: Johnster03 on January 17, 2014, 03:48:10 PM

Quote from: iikun on January 17, 2014, 03:39:07 PM

Quote from: cointradero on January 17, 2014, 03:27:15 PM

Quote from: iikun on January 17, 2014, 03:07:21 PM

Quote from: cointradero on January 17, 2014, 02:58:57 PM

Quote from: Chrisoldinho on January 17, 2014, 02:45:13 PM

What do you think this coin is going to be worth when it hits an exchange, i'm trying to draw a reference point, I guess EAC would the closest one?

EAC had more enthusiastic support behind it. It's block reward was a little higher, but it didn't have massive giveaways equal to 6+ solved blocks either. Assuming 3/4 of the people that enter giveaways are mooches who will dump it the second they can, I'd put the initial exchange value around 300 satoshi with a very, very fast ramp down to 100 satoshi.

If you're lucky and dev supports the coin as promised, it will go back up from there. But that initial dump will be brutal.

Calculate the number of DGB you can mine per day given your hash. Compare to another coin you think holds similar promise & calculate the daily income you'd make with your hash mining that coin. Convert to DGB and you have your answer Wink

I'm aware how to do simple math. The rate any one coin commands when it hits an exchange is a guestimate at best. Comparing to any established coin is pointless, and comparing it to other new coins requires knowledge that isn't always the easiest to find (giveaway amounts, premine reserved for developers, kickbacks to game providers, other bounties, etc.) One can roughly compare the amount of posts per day on a given coin thread and the hashpower at a given time from launch as an indication of the interest in a coin, but then you have one's like MOON that crashed so spectacularly despite the relative enthusiasm by posters and miners - likely due to the prodigious amount of them that were being produced.

Honestly, cryptsy kills as many coins as it helps. The obsession with getting on an exchange early is bad policy. The only real sustainable otpion is to line up services that will take a coin before it's on an exchange so that the propensity to dump them isn't as large. Funds from the premine could be used to guarantee a certain price level if the exchange rate did not hit initial estimates. But to launch a coin and go straight to an exchange before anything else can be done with it is almost certain death. I'm aware there are merchants that take it now, but greater support is necessary to avoid the low valuation - no mining spiral that is the kiss of death for all coins.

I think it's a given that it'll fall just after listing, but given DGB's usefulness as a POS currency I expect that those who wait too long to buy will find themselves locked out of the market as it will rise again soon. My completely unscientific guesstimate would be in the region of 50-100Satoshi's. If it lists for that much it's going to get smashed by multipools tho :/

That does not make sense to me. No multipool would touch it at a rate of 50-100sat. You can currently make less than 10k/1MH/day at the current diff, so even at a rate of 100 sat, you would make around 0.01BTC/Mh. Even Doge gives you slightly more. And you forget that as soon as multipools jump in, the hash rate and consequently also the diff increases. Soon you will not get more than 5k/1MH/day, so 50-100sat seems undervalued and certainly not interesting for multipools

Why I said unscientific is because my hashing figures are not accurate yet, I haven't been mining long enough. So it may well be that it's not *worth* that much. Coins seem to debut far higher than their worth tho so that was the reason for my estimate. Re: multipools, you'll see that Lotto coin is approx the same payout/value and it regularly tops coinwarz. On Cryptsy all the sell orders are for tiny amounts so it's apparent that the sell orders are mostly the multipools at work.

Quote from: a3tje on January 17, 2014, 03:51:55 PM

It seems like a lot of you are forgetting the MASSIVE giveaway in the first 48 hours, let's do the math:
**Note: After the first 48 hours of DigiByte's life over 37 million of the giveaway account has been disbursed to over 1200 wallet addresses !**
37.000.000 / 1200 = 30833,33333333333
That is more than 30K average as a give away in only the first 48 hours..... That is something not really healthy in my view, then there is the other give away to people who simply give a facebook like or a post; ohh and not to forget the "scammish" websites that got 10K+ coins when adding digibyte.

So my believe is, this coin will drop like a rock as a lot (for example half of give away is already 15 million) will get dumped...
Please convince me otherwise but the too agressive giveaways only work to get noticed but not to build a steady coin!(based upon other coins!!)

But yes, I didn't see the huge giveaways so that would factor in as well. How much is anyone's guess.