I would also agree to having Groestl over X11. Honestly, I feel like a lot of miners don't really know about Groestl or the benefits of it. The coins that actually use it aren't that profitable so there is no reason for them to use it.  We could give them a reason to change =). 

As for Qubit, we used to have to worry about botnets so people stayed away from the CPU algos but as tablets and smartphones take over more and more of the market, PCs are quickly losing market share which also reduces the footprint of botnets. 


One thing I worry about is the profit switching multipools.  I am not worried about a 51% attack due to all the algorithms but I do worry about them just jumping in and dumping the coin to market.  I know there isn't much we can do about that but it creates a lot of sell pressure which can be hard to combat.  Look at vertcoin, technically innovative but since there are so few scrypt-n coins the multipools just mine and dump the crap out of it and the sell pressure just destroyed the coin.  Maybe their switch to the Lyra2 algo will help.


Sha256 - multipool exists
Scrypt - multipool exists
Skein - I am not aware that multipools exists...yet
Qubit - botnets
Groestl - I am not aware that a multipool exists..yet
Keccak - I am not aware that multipools exists...yet
x11 - multipools exist

So, I guess in the end, I just worry that the algorithms we choose will just immediately get added to the multipools and digibyte will just get dumped and create too much sell pressure.  Id like to hear some feedback on this, its a huge issue every cryptocoin faces.



The other issue too is the FPGAs that are being made.  There are some reports that a few Chinese manufactures have arrays for x11 already.  I have confirmed that several university's have each individual algorithm of x11 implemented separately but they aren't "optimized" and are used more to test the efficiency of the algorithm for the competitions. 


Here is a link to hardware performance evaluations for the aglos mentioned above ( this is all way above my head ) .

http://eprint.iacr.org/2010/010.pdf

My thinking is that as long as profitability is defined by ASIC technology, that’s going to be the defining determinant regarding price, and nothing else. And if the GPU were to set profitability (in the absence of ASIC) then price would be higher. The multi-pool is only an intermediary, and theoretically neutral.

That having been said, while I look upon the multi-pools as being benign, I don’t like the idea of merged mining at all.

 

I really like the Myriad combo though - that much I do know. 

http://www.cryptocoinsnews.com/news/cryptocurrency-trust-index-demands-developers/2014/07/27

http://www.coinssource.com/trust/

I think this is something Digibyte should seriously consider.

Would be a good advertisement for new investors.

This is pretty cool if its legit. Would be another way to provide a stamp of approval and show the full transparency of the owner and coin.

YC

Nope, or the 2 weeks prior to that, or 2 weeks prior to that, or 2 weeks prior to that.

Price drives mining, right now..its not profitable to mine..infact..it hasent been in at least a month. When it is, it just gets dumped, just like all alts. Sad but true, its cheaper to buy this than mine it.. and even then, no one is buying it. I feel a lil stuck.. have a bunch, and just keep seeing its value drop. That tells me, that there are no investors behind the sceens with NDA's. I can only imagine how un profitable it will be to mine this in 2 years, 5 yrs, 8 yrs, 15 yrs.. how long does mining go on for? 28 years? Just dis-heartened, every alt is down, because..well.. face it.. its just gambling. Dreams of being some world wide, mass adopted way of paying for things is lunacy. The price fluctuation are sometimes 50x of what any credit card fee could possibly ever be on some coins. Unless you have a ton of BTC to make markets do what you want..  its pointless.

How much DGB do you have? I'll buy it from you for 20 satoshi!

YC

is the coin dead?

Would have to be 130 sat to even be cost effective for the electricity. Never gonna happen.

And everyone else will, and they will dump it. Thats the cycle. Alt coins are nothing but a vehicle to get BTC. There will never be any mass adpotion.  This is alt-coin mass adoption stuff is pure insanity. As I am realizing in the past days.