Willymon
1 year ago
DGBUSD - If BTC $13k doesn't happen by Thanksgiving, then my prediction is either incorrect or too early as to when it will happen.
Last April I believed a market sell-off would start in mid-October and it doesn't seem to be happening.
In 2020 when governments were injecting cash into their economies during lockdowns, I predicted a wave of money into stocks and crypto five months earlier than when it actually occurred; Feb 2021.
That cash tsunami is pulling back with hyperinflation, but I expected a major sell-off across the board starting mid-October???
I have seen some analysts publish Bitcoin $13k as recently as 10-24-2022.
Peter Brandt: BTC Will Hit All-Time Highs in 3 Years – but First, $13K
Coindesk Oct 24, 2022, at 11:43 a.m. PDT
Be ready to pounce if it does.
I still like this BTC $450k chart even though it's off to a rough start after the third halving.
No opinion on Quant and not buying any crypto until Bitcoin does its thing.
Here is a good source for info on Quant:
https://messari.io/asset/quant-network
Willymon
1 year ago
DGBUSD - Depends on the hardware and the algo being used to mine.
DigiByte #DGB has 5 mining algorithms.
Bitcoin #BTC is 1 algo; 100% Sha256, Litcoin #LTC is 1 algo; #100 Scrypt
Having five algorithms makes it impossible for a 51% attack on DigiByte. (One of the many reasons this coin is so good.)
You would what to choose the DigiByte algo which is the most profitable for your mining hardware.
37 DigiByte per hour or 899 per day on a Bitmain Antminer L7 9160Mh using DGB-Scrypt algo.
Source: https://www.whattomine.com/asic
If you could get your electricity cost under $0.09 $/kWh or if the price of $DGB came up a little, then you'd be mining in the black.
DigiByte is still beating out thousands of other coins (Shown below in the Top 5 coins to mine and where is Bitcoin?), and that is why there is so much hash rate being thrown at it -- even if current profits are red. Just a little bump in price and you're in the money.
Source: https://www.whattomine.com/asic
DigiByte is also the 17th most active blockchain, but look at its PRICE compared to the other competing coins!
DigiByte should be trading for dollars, and that is where the opportunity for a true multi-bagger exists in the current crypto market.
Source: https://messari.io/screener/chains-activity-DB01F96B 23-OCT-2022
Willymon
2 years ago
DGBUSD - Here we are a month later, and DigiByte Coin is STILL Ranking above BTC for Mining Profitability.
(See my post on Jul 24, 2022 8:49 AM https://stocktwits.com/MrWillymon/message/473527851)
$DGB.X is the most profitable coin to mine.
Even more significant is the fact that DGB is doing this when its cost per coin is down to the 2017/18 price range $0.0102
So, DGB is more profitable to mine than BTC when DGB price per coin is way down. The market is unaware of its strength.
With over 11,000 active cryptos to compete against, DigiByte is above Bitcoin for 7-day profitability when using an Antminer S17 / SHA-256 algo.
You can't fake this metric, and the image in this post was taken within minutes before posting. Real.
Go to https://whattomine.com select the "ASIC" tab, and set both the "Sort By" and "Averages for revenue $" to 7-Days to see for yourself.
I'm confident in what I own.
GLTA
Willymon
2 years ago
DGBUSD - I've been making most of my recent purchases using Bittrex.
You can move DGB off their exchange to an external wallet.
I move some, but not all.
I mean, with ETrade, all my stocks remain in my account, and I move none to an external wallet.
Yes, crypto has a tangibility utility around it, but Uphold, and Bittrex have been pretty solid so far.
Willymon
2 years ago
DGBUSD - DigiByte Alliance Granted 501(c)(3) Status
DigiByte Alliance Granted 501(c)(3) Status, Will Support Efforts to Accelerate Adoption and Innovation of the DigiByte Blockchain
Businesswire, June 15, 2022 10:03 AM EDT
CHEYENNE, Wyo.--(BUSINESS WIRE)--The DigiByte Alliance, founded to support education and innovation for the DigiByte blockchain, has been granted 501(c)(3) status by the Internal Revenue Service (IRS), and is now recognized as a tax-exempt public charity as described in Sections 501(c)(3), 501(a)(1), and 170(b)(1)(A)(vi) of the Internal Revenue Code. This designation is a watershed moment in the DigiByte public blockchain’s eight-year history, authorizing the DigiByte Alliance to receive contributions to support the development and growth of the DigiByte ecosystem through tax deductible donations, gifts, grants, bequests, and in-kind donations.
The DigiByte Alliance’s groundbreaking philanthropic approach to support a decentralized blockchain makes it one of only a handful of open-source public blockchains supported by a public non-profit 501(c)(3) organization. The DigiByte Alliance will work with organizations and individuals committed to supporting DigiByte, whose growth and development to date has relied upon the volunteer efforts of its grass roots global community, and is not supported by an Initial Coin Offering, venture capital, or significant pre-mine funding. The mission of the DigiByte Alliance is to steward the acceleration and innovation of the DigiByte blockchain by raising funds for its ongoing development, maintenance, and education.
Charitable contributions to the DigiByte Alliance will be accepted in both cryptocurrency and fiat currency. Prospective donors can learn more at https://www.dgballiance.org. A donation feature will be added in the coming weeks. A donor’s ability to claim itemized deductions is subject to a variety of limitations depending on the donor’s specific tax situation.
The DigiByte Alliance intends to use funds received from donations to sponsor research and development, and educational activities designed to facilitate DigiByte’s technical and scientific progress, application and adoption, and by providing freely accessible tools and resources to advance blockchain science and education as it relates to decentralization generally and DigiByte particularly. For example, the DigiByte Alliance has most recently participated in efforts to develop the DigiByte Improvement Process, or code contribution guidelines, and recruited developers to work towards completion of the implementation of the Rosetta standard on DigiByte. Rosetta is an open standard designed to simplify blockchain deployment and interaction.
“We welcome the IRS’s 501(c)(3) designation,” said DigiByte Alliance President Michelle Dougherty. “We believe that the DigiByte blockchain has significant advantages and can become a trusted blockchain network which can serve as a public utility to reliably and efficiently protect, secure, express, create and transfer value in the emerging digital economy. We are eager to collaborate with public and private supporters of the open source blockchain.”
The DigiByte Alliance regards itself as one of many avenues of support in DigiByte’s worldwide decentralized community and hopes to see many other nonprofit corporations and foundations from around the world join the DigiByte Alliance to accelerate its use and adoption.
“Since its launch eight years ago, the DigiByte Blockchain has matured and been maintained by a dedicated group of blockchain developers and enthusiasts all over the world. These volunteer developers have donated many thousands of person hours towards the evolution of this innovative public blockchain but have been constrained in their efforts by a lack of time and financial resources to realize greater advancements and innovations,” said Fredrick Gabelmann, DigiByte Alliance Vice President. “The IRS recognizing the DigiByte Alliance as a tax-exempt charitable organization provides the development community with a vehicle to raise the resources necessary to dramatically grow the size, scope and scale of the DigiByte open-source community.”
About the DigiByte Alliance
The mission of DigiByte Alliance is to accelerate the growth and adoption of DigiByte. The DigiByte Alliance was formed to help build the decentralized DigiByte blockchain infrastructure for the public good, with a focus on serving the users of the DigiByte protocol and blockchain. The DigiByte Alliance is committed to aiding the development and maintenance of this decentralized public infrastructure because security, efficiency, and transparency in and access to financial transactions and data integrity are fundamental to guaranteeing the dignity of individuals, human rights, and freedom and democracy in society. Learn more at dgballiance.org.
About the DigiByte Blockchain
DigiByte is a security focused peer-to-peer decentralized public payments and communications infrastructure developed and deployed as a benefit for the general public. Launched in January 2014, DigiByte is a UTXO and Proof of Work blockchain with an architecture that features five consensus mining algorithms, 15-second block times, a real-time difficulty adjustment, and extremely low fees. Learn more at DigiByte.org.
Willymon
2 years ago
DGBUSD - $0.04 is still very much in the buy zone and I bought some pretty sizable chunks last year at this price.
Same chart behavior this weekend but the volume is a little lower than when it happened last time.
But, I'm still going to wait it out and not accumulate until after April 20, 2022.
I think some exchanges are increasing their inventories of DGB coins before listing.
Getting a position in place before Coinbase lists DGB is key. Now that Crypto.com has listed DGB, Coinbase may not want clients going there to buy it. So, they must FINALLY list DGB.
There is no guarantee Coinbase will list DGB, but their analysts are watching Binance, OKEx, Bittrex, Crypto.com, earning commissions on all that volume.
Why does Binance.com have DGB, but Binance.US (USA Clients) does not?
Binance (Outside USA) seems to have all the volume. Bittrex volume (USA volume) is low.
Here's a site that reports "verified" volumes and avoids exchanges that wash trade to show artificial volume.
Source: https://messari.io/asset/digibyte/markets
Register for streaming realtime charts, analysis tools, and prices.
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