It's probably manipulation by RKC

If you look at the data closely, it is similar to ethereum's historical data. It's working exactly like eth, but they just want to try something hip like flux.

Dude, do you even read the specification of this coin before mining?
It's inherent in the algorithm: Difficulty retarget will happen every block. Read the first page of this forum.

how are you sure it's not mining contract farm like nicehash instead?
how are you sure it's not the competitors trying to undermine dbix?

how did you come up with the conclusion that it was the developers who tried to cheat you?

can be from their competitor.
only 1 competitor in dubai i can think of. renting big farm for hit and run is not really that difficult nowadays.

at current dbix price, ethereum is only 10% more profitable, so, for competitors to do hit and run like that, not really a big risk, if the end result is to destroy dbix rep.

On the other hand, if difficulty follows hashrate instantly instead of lagging, dbix risks becoming as worthless as verium.


So, to developers: decisions, decisions.

Vitalik buterin once said, assuming there is no speculators, ICO, or investors, cryptocurrencies usually grow at the rate of world GDP.

Due to various algorithm, cryptocurrencies are usually deflationary, the price will always go up without investors anyway.

So, it will reach $100 eventuallly. Just the matter of when.

It does seem to me, that you didnt understand what was going on, got caught up in the confusion, lost some money, and now blaming others for your own cluelessness.

What happened back then was exactly this,
1. There is this youtuber posted a video about how profitable dbix was, while giving wrong tutorial, telling ppl to point miners to livecoin wallet
2. Sudden influx of investors and miners.
3. pool.sexy reduce their minimum payout
4. Livecoin got spammed by small deposits from pool.sexy miners
5. Livecoin reacted to save their own network by locking and increasing deposit size. Thus creating supply-crisis.
6. Price went up.
7. Miners changed wallet
8. Livecoins opened deposit back, relieving supply-crisis
9. Miners did a panic selling.
10. Price went down.


When you understand how macroeconomics work, what happened was a no brainer.

and how do you back up this claim?

This is quite an incoherent post.

not yet it seems.

But from macroeconomics point of view, they shouldnt.

There is this possibility that people with 1-2GB GPUs are now mining dbix, due to low DAG numbers. I have not calculated this yet, but i suspect, using cheap used lower end cards, they can RoI quite fast.

When eth reaches epoch #170, all those 3GB cards will also soon mine dbix or ubiq.

But, there is nothing wrong with the difficulty. If we look at Ethereum statistics at February 17 2017, you get similar difficulty and priced around $12.
Dbix actually follows ethereum evolution quite closely, albeit in different timescale.

The difference is, now dbix has to compete with the more profitable ethereum. Ethereum didnt have such competition in profit back then.

If we calculate profitability with this simple formula:
$/day = (Price/difficulty in TH) * hashrate in mh * 0.5184

then substract that with electricity costs, dbix is actually almost as profitable as mining ethereum in february 17.
Just not as profitable as ethereum -right now-.

There are several things that can be done to get out of this stagflation crisis:
1. Developer should do an ICO, therefore more "buy in" Txs.
Real world analogy: Increase FDI
Ethereum did this once. i dont understand why dbix wont do an ICO.

2. Developer should register dbix to more exchanges.
Real world analogy: facilitate trades.

I can see profitable use cases for dbix. One example i have talked about is for indonesian workers in arab to send money back home (remittance).

It's a $7billion/year market, currently paying transaction costs of 7%.

Cryptocurrency can reduce that to around 2%, thats $140M/year of block rewards and profit to miners and exchanges.
dbix is especially well positioned for that.

Heck i am willing to help if the developers can to come to jakarta to talk about this, and help to connect them to local exchange.

3. The easiest, central banking way: developers just buy back dbix thus depleting their seed money, while creating hype.
This is almost keynesian. But doomed to fail if they dont have more investors.


Modifying difficulty can also be done, but they should be very careful about it. Real world analogy to this, is akin to lowering central bank rate to unsustainable level.
From the Macroeconomics PoV, it only fixes the problem in short term and risks hyperinflation in long term.


EDIT: corrections on numbers. i was converting back and forth from idr to usd. pardon the mistakes.

now2, why the name calling

Yes i am serious. i am basing my argument from simplest theory of economy, that is supply-demand.

DBIX dont have that many TXs, thus not that frequent block to solve.

Currently DBIX experiencing what in classic real world economy called stagflation. Reducing difficulties is similar to printing money in real world economy, it will only drive the price down.

What dbix needs is more TX instead of less difficulty, specifically more Buy.

Just in the last 3 hours there is a block with only 14 Txs, but adding the same amount of money as 48 Txs block.
http://dbixscan.io/block/62748

That's inefficient from the PoV of money supply.

Difficulty algorithm is one way to keep a crypto from losing its value.

Overmined currency creates an imbalance supply vs demand. Too many supply will push down the currency even more.

What DBIX need instead, is more transactions, and an even stronger difficulty.

If we see market depth in livecoin, a $800k buy action, is enough to push dbix to $50, but it will be a risky move, if the difficulty is too low. Miners will always push the price down.

DBIX should try to find other use cases for the currency instead of just for speculative vessel. DBIX should try to register in local exchanges around the world to facilitate money transfers between countries (and in the process increasing demands).

LOL.

Royal Kingdom Coin cant even pass 1000 ether after days on ICO. DBIX just got 4 times of that, without even trying.

Indonesians trade ether 10x your ICO on daily basis.

We all know, RKC is DBIX competitor to get contract from Dubai Government.

You trashing DBIX on this forum only shows which one is the puny weaker coin.

Dubai cant have more than one crypto, the size of its economy is not really that big, but it does seem to me, RKC is losing the battle.

Indonesian-arab investors are definitely on DBIX side, plannig to integrate dbix to remittance system for indonesian workers in arab world (thats a $7 billions market/year or Rp 100 trillions/year). They are now just waiting to buy in at the correct time, considering all the bitcoin's segwit2x brouhaha.

You convince nobody with your trolling.

I just tested pointing to your wallet, with slave1 as worker's name
http://dbix.pool.sexy/#/account/0x92376b28774f7b8b459e26439942d72acdf19484

The pool works from here, indonesia. The problem is at your system

You know, for every question like this, people should really post their batfiles.

duuude... it's in your wallet already


http://dbixscan.io/addr/0x931f5afddbca19b96673d7683da0f6cc1c99970f



"immature balance" is for recently found block, not yet reached maturity
then it goes to "pending balance", until it reached 0.2
then the 0.2 transferred to your wallet and added to "total paid"

This is dbix wallet problem. I had that same problem a few times. Your wallet isnt synced yet.
What i did was, to let the wallet on for few hours, and then restart it every few hours. When it finds a peer, it will start to sync.

Livecoin or local wallet?

If it's livecoin, they no longer accept less than 1 coins.

If it's local wallet, your wallet is probably unsynced. The coin is already there.