Quote from: ycagel on September 10, 2014, 08:45:28 PM

Thank you! So if the volume exceeds 4.5 BTC on a daily basis, the purchasing and selling offsets the production, which creates stability. Is that correct?

YC

Quote from: wegsturm on September 10, 2014, 07:59:28 PM

Quote from: ycagel on September 10, 2014, 07:51:32 PM

How did you determine the 3 BTC amount? What's the calculation?

YC

Quote from: wegsturm on September 08, 2014, 01:44:02 PM

Quote from: bogglor on September 08, 2014, 01:34:08 PM

Quote from: Meeren on September 08, 2014, 01:07:47 PM

I read this forum every day since the creation of digibyte, mined every day since the creation of digibyte, bought some digibyte. But most of all i believe in digibyte to be the nr. 1 altcoin.

I never respond on this forum, but I really think digibyte need to take some action. Every day so mutch coin's are generated that it has to much effect on the market right now, can you do something about this? A limit or something?

Everyone keeps mentioning the number of coins being mined. The number of coins isn't the problem. Look at DOGE...they have 65 times the number of coins and they have a higher per-coin value.

Here's the problem as I see it: Sorry, this may sound a little blunt - Digibyte can't be used for anything except a few fringe merchant websites that nobody needs or has ever heard of. There needs to be some sort of reason for people to accept/use Digibyte. Until that happens, the coin value will stay at these levels (or lower).

I've only been mining for about 10 months (DGB for about 5 months). It's a very interesting, annoying, exciting, (insert adjective here), and frustrating hobby.

I can just repeat myself: it's all about the trading volume. As long as it stays under the daily coin production equivalent the price (around 3BTC) will fall.

120 Blocks/hr
2880 Blocks/day with each 7608 reward = 21.91mio DGB/day
Multiplied with a price of 15 to 20 Sat = 3.28 BTC to 4.38 BTC per day

I originaly calculated with 19.2m coins per day as mentioned by some other user (which might be more accurate as the above calculation is based on coin specs and not on average blocktime).

Exactly! The more trading volume the less weight the daily mining rewards have. That's why the price fell the last days, because the trading volume was significantly lower.

wegsturm

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