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Digibyte is on the bottom now, if you see at the price chart, price is on the same level where it was before the spring pump. Digibyte will start new race from this level

maybe hard to say if btc keep going so fast up
but for now look like it won't go below 100sat

and if there are to much new ASICs and they dump all the dgb's than maybe it could go below 100

if i remember someone post here 1 miner with new ASICs was doing 20000+ dgb a day! if more are coming
it just gonna kill the price

don't know if difficulty will adjust correctly and or gpu miners leave

i hope the team is working on the algo switch and won't forget to add hdd burst mining to it

is there somewhere when we can see the chart of the 5 algos ?

Yes, the devs are working on algo switch, it is also announced on roadamap.

Source please? Wink

I did read something similar on Reddit (with a 2 month time frame). But if miners dumping this coin is really true, that's bad news. Isn't there a difficulty adjustment to prevent this from happening?

The difficulty is of course adjusting. The new Baikals don't generate more coins than before, but since those new miners outpace anyone else the mined coins go into a lot fewer hands and generate a higher profit. The question is if more of those Baikal mined coins are just sold as compared to those mined before. It's not so that GPU mining rigs come and run for free, a lot of those miners have to dump as well to pay the bills and don't mine because they are particularly interested in the coin. Then the high profit allows to hold mined coins for a possibly better price, but how the profit side develops depends how many Baikals will hit the market in the nearer future. On the whole I say the sale pressure will grow with those miners but it's far from any kind of Doomsday for DGB. In the end what actual psychological effect those news will have on the other market participants will be the major driving force on the price.

Very much inclined to agree with this, it is far from a Doomsday scenario!

However, I believe it would be against the ethos of DigiByte not to keep at least one algorithm open for conventional hardware. This is commonly accepted as the most decentralised part of a network!
In truth, I think it is just a fair place for common folk to get involved in the mining process and really support the project. Most GPU miners will be mining in a pool and this kind of centralises their efforts. A high proportion of solo miners would be the most decentralised our network could be.

If a DigiByte algorithm could be mined only with solo machines, with a power cap of say 2 top spec GPUs. I think we would really be on the way to reinforcing the most decentralised network claim.
Maybe there could even be ways of weighting this new algo against the rest of the network, increasing its luck so that it started to take more than 20% as the number of participants increased, for example.
The rewards are going to be few and far between but much bigger when they come and this seriously would be Hardcore DigiByter territory, Im thinking.

The professional mining race will continue within the remaining ASIC algorithms and eventually assuming equipment becomes better distributed within the community, overall security of DigiByte could be seriously increased by the efficiency of these machines mining on our network.

Instead of the overall network running away in power consumption, the competing ASIC miners become more self regulating but are ultimately kept in check by the size of the GPU participation.

Its all a bit sketchy perhaps but Im flying by the seat of my pants here!

Yes, some algos have to change, GPUs and CPUs need to come back and any more than one algo that can be mined competitively by the same ASIC hardware isn't helping towards the goal behind multialgo the slightest. There's just no need for panic overnight actions. My vote would be scrapping two algos out of Groestl, Qubit and Skein and replace them with GPU/CPU algos, out of all those good ones already mentioned. Then incorporate a 6th one to keep the balance between specialized hardware and 'consumer level stuff'. I'd like PoS but it could be the harddrive based mining.

The hashrate capped solo mining only (the power cap should have this result anyway) idea is interesting. One problem I see is that with that many individual miners the time in between blocks found by each individual miner might become too long quickly which contradicts the goal of having more participants. Maybe introduce some kind of mini-block which would be nothing more than a mineable, perhaps at a tenth of the real difficulty, transaction with a reward attached to it to reward providing hashrate to the network more regularly. At the same time this could provide the reward bonus of this more decentralized algo.

Of course I'm also just brainstorming here, but with more inputs this could turn out as a viable concept. :-)

Tortoise75

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