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Showing 20 of 124 results by myriadcoin
I think it offers nothing new as it was originally a Scrypt coin with premine and centralized control of block reward scheme.
They've got no light wallets, no fully functional block explorer. Lots of hyped projects, they always miss the target and support never gets maintained. They say that DGB has the fastest network, but it's false. You still need to wait for at least 40 confirmations due to the orphans.
They've got no light wallets, no fully functional block explorer. Lots of hyped projects, they always miss the target and support never gets maintained. They say that DGB has the fastest network, but it's false. You still need to wait for at least 40 confirmations due to the orphans.
Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign
And the subsidy of DigiByte mined in the first 48 hours was the same scheduled for the first 48 days, as it were (i.e. no pre-mine, no instamine, just the exact same reward as what everybody continued to get until the first reward reduction).
My friend, the blockchain tells a different tale.
You're right. Sorry about that. It was so insignificant and transparent that I completely forgot about it (since it pales in comparison with what we normally think of when talking about a pre-mine or instamine).
Historical DigiByte OP Info
Coin Facts
21 Billion Total Coins | 30 Second Blocks (2.5 Min per Algo) | 8,000 DGB Reward, Reduces 0.5% Every 10,080 blocks |
Pre-Mine Details:
- 52.5 million DGB for giveaways over first two months to encourage adoption of DGB.
- Giveaway address will be publicly posted on website with a public record of all transactions in the block chain.
- 52.5 million DGB for development expenses to further DigiByte and help it become a mainstream currency.
- Development account address will be publicly posted on website with a public record of all transactions in the block chain.
- Our goal is to be transparent and accountable with the 0.5% pre-mine to ensure a bright future for DigiByte.
Pre-Mine Accounts:
- Giveaway Account: DFsSa6kVoCyHK8ryZYDNX2fi5294kSuH2Q
- Initial Balance: 52,500,000.00 DGB
- Current Balance: 0 DGB
- Development Account: DQkqGjRqyfsmzFQ27tPK2PNJe7gPZUVm1U
- Initial Balance: 52,596,000.00 DGB
- Current Balance: 0 DGB
Hmm, well I don't agree with the reward change after 48 days either, or other subsequent changes. But I suppose DigiByte needs a way to fund its projects such as DiguSign and segwit upgrade... Every project can choose its own methods. I think Myriad has done pretty well with community-funded development so far. Good luck.
Re: ★★DigiByte|极特币★★[DGB]✔ DigiSync v6.14.2 - DigiSpeed - Segwit -DiguSign
And the subsidy of DigiByte mined in the first 48 hours was the same scheduled for the first 48 days, as it were (i.e. no pre-mine, no instamine, just the exact same reward as what everybody continued to get until the first reward reduction).
My friend, the blockchain tells a different tale.
UIS is cool, but there's nothing insane about Myriad's emission model. It's actually very similar to Monero's but with halvings every 2 years instead of smoothing. There's a halving coming up in 2 weeks.
I think maybe he was referring more to the total number of coins. Some people just hate big numbers I guess.
Big numbers, big ambitions. Myriad will win in 2017, bigly. UIS probably also. NeoScrypt sounds kinda boring though.
UIS is cool, but there's nothing insane about Myriad's emission model. It's actually very similar to Monero's but with halvings every 2 years instead of smoothing. There's a halving coming up in 2 weeks.
One of the most popular and profitable coin to mine right now is Monero.
Clearly, but how does it compare to Myriad? Or Gridcoin BOINC mining for that matter?
Monero use a better algorithm for cpu mining and has usable value.
Ok. Care to explain how Monero's algorithm is 'better' than yescrypt?
One of the most popular and profitable coin to mine right now is Monero.
Clearly, but how does it compare to Myriad? Or Gridcoin BOINC mining for that matter?
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
I am glad the Qubit ASIC topic has come up again. Ive been mining Qubit for ages and had to finally shut down my rig. Around July 1st the asics were released and my profitability just tanked.
I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement. I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS.
why shut down rig? Why not re-task to another algorithm? If the mining isn't better for you elsewhere because your rig is so small, you can stay on Qubit like a true DigiByte knight. I understand ASICS are a part of this world but I am still a simple miner with a single rig in my basement. I love mining and working on my rig but there is no incentive to do so when I am competing against ASICS.
I have looked at the others, Sha-256 / Scrypt / Qubit are out the window because of ASICS, Skein is incredibly power hungry and hard on my GPUs ( tons more heat, fans run alot harder ) and Groestl is possibly an option but it doesnt run as cool as qubit, uses more electricity, i cant undervolt as much for power efficiency, plus the difficulty is high enough that I cant cover my electricity bills.
Id mine if i can at least cover the electricity bill but i shutdown the rig because if I mine i want to support Digibyte and right now it isnt worth it to use a very power hungry algo and its summer so I have a hard enough time cooling it as is.
Yep... Myr-Groestl is FPGA'd. Skein I don't know exactly, but these algos are designed to be friendly to specialised hardware. They're only profitable for some GPU miners because they're unpopular. All the GPUs are mining ETH/ETC now. I guess it would be smart to swap them both for a more modern GPU algo...
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
Nice to have you as part of the community myriadcoin, you are bringing up lots of good discussion points, so much easier to have a discussion when people aren't attacking each other
Yes. I suggest DigiByte update to Myriad codebase, then spend their 250,000,000 dollar investment fund on further multi-algo developments. DigiByte could submit their improvements upstream to Myriad and both coins could be seen as working together. Myriad could be the most secure global payments network, and DigiByte could be for gaming tips. The Multi-PoW master race.
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
Guys, let's rally together as DigiByte Knights and mine MYRIAD CLASSIC to send out a message that Immutability of blockchain is paramount. Get your Qubit ASIC today at baikalminer.com !!
Just joking. But anyway,
Just a couple of points I disagree on:
"I dont see them winning by being disruptive, they ultimately win by mining more coin and fees."
Yes... People don't see the need to attack coins with weak security. Better to just not invest in them, and not bother to mine them...
"Doge is mainly merge mined with litecoin. I have said before, I dont think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. "
True, but at the same time, Bitcoin and Litecoin(+auxcoins) dominate the hash rate for their respective PoWs to such a degree that if you don't enable merged mining, your hash rate will likely be so low that a profit switching pool could easily jump on at any time and inflict the same damage. And in fact they will do that attack, not out of malice, but because it's profitable. Meanwhile with merged mining, yes, an attack would be 'free', but they would actually profit from mining it honestly (consistently), so why would they attack?
Besides, when you add multi-PoWs, the situation becomes different from ixcoin. If Scrypt gets attacked, the blocks keep coming from the other PoWs. The chain doesn't get stuck while we're waiting for the difficulty to come back down.
Just joking. But anyway,
I accept that Bitcoin and litecoin are secured by large amounts of mainly centralised hashing but I dont know if I would say they were truly secure because of it. They are prohibitively expensive for someone new to make an attack on and the ultimate fear is that a government or powerful organisation may choose to deliberately disrupt the blockchain but you know what, I dont see them winning by being disruptive, they ultimately win by mining more coin and fees. I dont know how truly decentralized etherium really is and I suspect we already have a rouge super computer or two in the mix. As far as I know, Doge is mainly merge mined with litecoin. I have said before, I dont think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. Thats a friendly warning from my perspective. Doge also has practically an unlimited supply; I just cant take it seriously at all as an investment that is. It may hold its current value for eternity!
Just a couple of points I disagree on:
"I dont see them winning by being disruptive, they ultimately win by mining more coin and fees."
Yes... People don't see the need to attack coins with weak security. Better to just not invest in them, and not bother to mine them...
"Doge is mainly merge mined with litecoin. I have said before, I dont think this is a great strategy for mining as your support can be quickly removed, like it was for IXC. "
True, but at the same time, Bitcoin and Litecoin(+auxcoins) dominate the hash rate for their respective PoWs to such a degree that if you don't enable merged mining, your hash rate will likely be so low that a profit switching pool could easily jump on at any time and inflict the same damage. And in fact they will do that attack, not out of malice, but because it's profitable. Meanwhile with merged mining, yes, an attack would be 'free', but they would actually profit from mining it honestly (consistently), so why would they attack?
Besides, when you add multi-PoWs, the situation becomes different from ixcoin. If Scrypt gets attacked, the blocks keep coming from the other PoWs. The chain doesn't get stuck while we're waiting for the difficulty to come back down.
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldnt like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I dont see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.
Yes, the worst of the damage has been done, but it's probably going to continue for a long time yet. No, it's not a fatal problem for DigiByte, but it is going to have a negative impact on the value and security of the coin. Whether or not ASICs can be avoided is still actually an open question. Of course specialised hardware can always beat consumer hardware, but that doesn't necessarily mean that if a coin gets popular enough it will always be profitable and worth the risk to manufacture ASICs. There are constantly new PoW designs coming out that attempt to be as consumer hardware-friendly as possible.
So you're arguing for security by obscurity? Few people have Qubit ASICs, so DigiByte would be better secured by Qubit PoW...? Strictly speaking it wouldn't even really be obscurity. Google could of course afford to make enough Qubit ASICs to completely dominate the hash rate too, if they cared to.... But they wouldn't, because that's not their game, just as Google's game is not mining CPU coins either. I take your point that it's possible, but that's how it is with altcoins. Only Bitcoin, Ethereum, and Litecoin, possibly Dogecoin, are truly secure. Although, with their level of pool centralisation, even they are only secure so long as you trust the pool owners. I would say that Myriad, Digibyte, and Unitus are the most secure coins out there right now, relative to the value of their block rewards.... But their value is so small, that they certainly can't be secure against a theoretical rogue Google.
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
The advantage of this new asic has practically been spent already before it publically went to market, I imagine. Any professional miner now using one, I say professional miner because asics are dedicated mining products, is currently looking at least half the year of mining before ROI is achieved. Anyone who has ever bought asics, knows that this time is going to increase with hashrate and that it will probably take much longer than the estimate which is based on an instantaneous calculation of what is currently happening. So it is unlikely that it is going to be an easy ride and the miners will have earnt the DigiByte they mine. By mining they will increase the network hash rate of the algorithm and therefore will increase the amount of hardware necessary to perform an attack on it, so improving security. What I am saying is that I do not believe this will be a disaster for DigiByte but that said, I wouldnt like the asic ratio to increase any further than this at this time. As DigiByte and Myriad grow, there will always exist a point where it becomes viable to develop and produce asics for the non asic algorithms. The network increases when this happens and is ultimately strengthened after the first mover advantage is negated. The same amount of coins will be mined whatever happens so I still fail to see your instamine argument. OC we can and probably will change algorithms that become asic when we become aware of them but I dont see that DigiByte is currently threatened. As I said in my opening statement, I think the damage has been done.
Yes, the worst of the damage has been done, but it's probably going to continue for a long time yet. No, it's not a fatal problem for DigiByte, but it is going to have a negative impact on the value and security of the coin. Whether or not ASICs can be avoided is still actually an open question. Of course specialised hardware can always beat consumer hardware, but that doesn't necessarily mean that if a coin gets popular enough it will always be profitable and worth the risk to manufacture ASICs. There are constantly new PoW designs coming out that attempt to be as consumer hardware-friendly as possible.
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
When will the latest Myriad update be done for DigiByte? Swapping of algos and code base update.
who said we were doing that?Do you really want to support Qubit ASICs? Qubit is an unpopular cousin of X11. The X11 ASIC market is already dominated by a couple of big players who are 'testing' their equipment till the difficulty shoots up and jacking up the prices of their hardware. I'm not criticising them for it. It's the name of the game. But realise how bad this is for DigiByte. Any X11 ASIC maker could easily support Qubit with practically no additional cost to them. The result is that the security of anything Qubit mined is now basically a subset of the security of X11 coins. That is, it's weak and highly centralised.
Yes, DGB is multi-algo, so the effect of this is mitigated. But with DGB's high inflation, do you really want 20% of all block rewards being instadumped at ANY price? That is what's going to happen.
I'm not trying to be antagonistic here. I've changed my stance on these matters lately. The more multi-algo coins, the merrier.
http://www.baikalminer.com/products.asp
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
When will the latest Myriad update be done for DigiByte? Swapping of algos and code base update.
who said we were doing that?Do you really want to support Qubit ASICs? Qubit is an unpopular cousin of X11. The X11 ASIC market is already dominated by a couple of big players who are 'testing' their equipment till the difficulty shoots up and jacking up the prices of their hardware. I'm not criticising them for it. It's the name of the game. But realise how bad this is for DigiByte. Any X11 ASIC maker could easily support Qubit with practically no additional cost to them. The result is that the security of anything Qubit mined is now basically a subset of the security of X11 coins. That is, it's weak and highly centralised.
Yes, DGB is multi-algo, so the effect of this is mitigated. But with DGB's high inflation, do you really want 20% of all block rewards being instadumped at ANY price? That is what's going to happen.
I'm not trying to be antagonistic here. I've changed my stance on these matters lately. The more multi-algo coins, the merrier.
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
Hi All,
What algos do you think should be replaced? Which ones do you think we should add?
Is it possible to just add more algos and keep the existing ones or do we have to stay at 5?
There seems to be barely anyone mining skein and qubit now has asics so in my opinion, those are the first to be replaced.
What algos do you think should be replaced? Which ones do you think we should add?
Is it possible to just add more algos and keep the existing ones or do we have to stay at 5?
There seems to be barely anyone mining skein and qubit now has asics so in my opinion, those are the first to be replaced.
Correct me if I'm wrong but each additional algo increases the minimum hardware requirements for running a full node. I'm not sure if 6 is safe or not, but it probably depends on how costly each algo is to verify.
I think adding a new algo can be worth it if the mining hardware requirements are unique and it attracts new, different miners. Otherwise all you are doing is diluting the rewards for the similar algo(s), so there's no security benefit.
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
So... is DGB going to swap out any of their algos any time soon? 
http://www.baikalminer.com/products.asp
http://www.baikalminer.com/products.asp
Re: ★★DigiByte|极特币★★[DGB]✔DigiByte Gaming - CS:GO, LoL, #DigiByteTip, DigiSpeed
you are right. i suspect jared and his "team" bluffing people around dgb to help his self to have more btc... the coin never grow... lot of sells day for little buy. links in the website don't work since long time. nothing new except like you say " this year is a good year for dgb" or we are in discussion with 20 banks ... links in the website doesnt work like digistats and digiexplorer... cannot see the hashrate of the coin... and only fake buy wall that never buy... it seem a manipulate coin...
Yes, it's hard to understand isn't it. Look at Myriad, the original multi-algo coin. Its stats page and block explorer have always worked, wallets all work, links on the website all work. If you check the 'myriadteam' github you can see the development is very active, multiple community members volunteer their time to keep the coin up to date and add new features.
Now look at DigiByte. They're using the exact same 3 year old version of bitcoin core that Myriad used when it launched. A month ago they claimed to be working on 0.12.0, but a quick look at their github shows all they've done is forked it without making any commits.
I agree, I think this coin is manipulated. It's probably mostly the instamine that gets shuffled around on the orderbooks every day.