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RE: Revisiting Mining 2.0

in #leofinance5 years ago

Kind of...

I know they use 5 different types of mining or something like that.
Still, each one of those algorithms is just a separate lottery... although I say that without actually knowing much about Groestl, Skein, and Qubit mining. Had to look them up just to reference the names.

Digibyte seems like a good project and the tech they make is used by other chains (Digishield).
Wish I had more but I'm not really willing to "diversify" at this stage of the game.

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They’ve got a lot of things going on from DigiShield to Digi-ID, with lots in between, but from the mining standpoint, the Odocrypt algo is a unique GPU / FPGA-friendly hashing algorithm made specifically for DigiByte that changes itself every 10 days as an anti-ASIC method. The idea is to make a best effort to make DGB mining available to the everyday person, gamers included (especially included). Odocrypt is one of 5 algos (Sha256, Scrypt, Skein and Qubit are the other 4), with the idea being to not exclude people at the other end of the spectrum. 5 algos also make the network 5 times more secure, so to speak. DigiByte is as solid as the UTXO PoW blockchains get, and I’m more than confident that it will be the blockchain that secures a lot of projects in the future as well, and with the fact that you can still mine it, or perhaps exactly due to that fact …
https://www.dgbwiki.com/index.php?title=DigiByte