The Interest in DigiByte Has Skyrocketed Temporary

16 Oct
2015

digibyte-logo

The alternative crypto currency DigiByte (DGB) has shown a temporary peak in interest with trading on exchanges that literally skyrocketed many times over other coins that are more popular, but again this was only a temporary peak in interest and thus in the price of the coin. The interesting thing about DigiByte is that it uses five independent mining algorithms to process transactions over the network with each algorithm accounts for about 20% of all blocks discovered on the network. This allows for greater decentralization as currently three of the five DigiByte algorithms are ASIC resistant and much better for GPU miners. The best GPU algorithms to mine on are Skein, Groestl and Qubit and you can also mine Scrypt and SHA-256 with an ASIC if you already have one. The DGB coin is traded on some of the large altcoin exchanges such as Cryptsy and Bittrex among others, so if you are looking for something new to try on you might give DigiByte a go though in the next few days we are probably going to see it get back to the previous price levels.

– For more information about the alternatice crypto currency DigiByte (DGB)…

Official Ethereum GUI Wallet 0.3.2 (Beta 2) Now Available

15 Oct
2015

ethereum-wallet

Finally there is work being done on an official GUI wallet for Ethereum that is curiously hosted in the Ethereum Mist Dapp Browser GitHub repository. Do note that this is a beta release that although functional could have some issues and is some advanced functionality is still not implemented, but the idea in this release is to get user feedback and to find any bugs. This is an official Ethereum GUI wallet that currently works along a Geth client as a backend, but should also be compatible with the Eth as well. The Mac and Windows 64-bit releases come bundled with Geth node and if you are not using it already it will need to synchronize the blockchain at the first start, otherwise it should tap to the already downloaded blockchain (already over 1.7 GB size) and work with any wallets available (backing the keys first is recommended). For other binary releases you would need to have the Geth (or Eth) client already running and then launch the Wallet GUI in order for it to work. Again, since this is a beta software it is best if you try it out on a system where you do not have a working Ethereum client installed in order to avoid any possible issues.

Another interesting development around Ethereum lately is apparently the start of adoption of Stratum support, there is the Stratum-Proxy for Ethereum project supported by Dwarfpool as well as the news that EthPool is working on a stratum enabled fork of Ethminer called qtminer that will be supported on their mining pool, but may get adopted by other pools. The current getwork implementation by Ethereum is not very practical and effective as compared to the Stratum implementation that is currently the standard for communication between pools and miners.

– To download an test the new official Ethereum GUI Wallet 0.3.2 (Beta 2)…

Ethereum Growing Steady, But Still Slow

14 Oct
2015

ethereum-unique-address-growth-chart

Ethereum (ETH) is still relatively new alternative crypto currency, even though it has been in development for quite a while, the formal launch of the mining phase happened just about two and a half months. For all that time the total mined Ether coins is roughly a little bit over 2 Million with another 72 Million already available from the crowdsale and various other rewards and incentives. We are keeping a close eye on the development of Ethereum and another reason why we are seeing a decline in the value of a single Ether coins could be due to the still relatively small user base when compared to the total number of coins available. Looking at the number of unique wallet addresses that have left a trace in the Ethereum blockchain shows a bit disappointing number, a bit less than 25 thousand. With less than 4 thousand new ones being added in the last 30 days, growing steadily, but slowly with just about 100-200 average new ones every day. That does not mean that the total number of users or actually generated wallet is this small, it is larger in reality as addresses that have not sent or received any transaction are not listed, but then again you cannot say these are active Ethereum users either. So what Ethereum desperately needs is to increase the rate of growth with more new users that it is currently getting and that includes not only miners…

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