With DGW adjust every block on a moving average and dash has used v3 since 2014. Changing rules mid stream seems off.
Actually the difficulty can go up or down each block. Also if the difficulty gets to low the reward actually increases. Unless that was removed from the code.
So if half the miner decide to go off line af the same time after 24 blocks the block time should be at 2.5 mins again.
Fair point, but I don't think it should be necessary is my conclusion. Maybe bitcoin's model of changing it every 2016 blocks was the best idea.. that way the fluctuations wouldnt be so wild and create uncertainty on network difficulty. Nonetheless, a few months supply of ASICs shouldn't have sent it out of whack so quickly. It shouldve built up some sort of difficulty change resistance already given september + october batch, but its just getting worse.
Correct but with the current hasrate I don’t see block times slowing to were the difficulty will make a major drop. Also when a new miner comes out in the future I see the diff climbing more but probably at a slower pace then with this flooding of miners that just happened.
I see dash crossing 1k next year and as I have told people in the past I think it will become a greater value then btc. If dash fuffils it’s goal of digital cash it will have a 1 trillion + market cap currently it is at 3.4 billion. Do that math at look at ur machines potential roi.
Dash advantage over bitcoin is fast and flawless transactions. And as faster dash readjust difficulty then more robust is the network.
To survive dash need to focus on flawless transactions not miner's profits.
Current problem of mining is not a problem of increasing difficulty. Its a problem that most of hashpower is concentrated in one (MITMAIN) hands.
To overcome this we need to use our governance power and develop open source ASIC ICs that will be sold over the world. But it is a tough challenge and also have some risks.
It can't be more risky than allowing Bitmain to consolidate most hashrate power for all crypto. I haven't read a proposal yet to create an open source ASIC IC that would propagate network hashrate exponentially on the DASH network. That's actually kind of genius... Remove consolidation of power by using DASH budget funds to create it, then distribute it to the community. Even if it were open source though, the development of the code into a miner would still present a barrier, so it wouldn't be THAT bad of a risk - only those really dedicated would be able to turn it into a quality miner they could use to support the network.
I don't see how someone could lose with this kind of suggestion. Good thinking.
I really don't understand your argument at all.
The current low profitability is the result of a big influx of hash power into the network that was initiated by the rise in profitability some time ago.
It will equalize after some time when some miners stop mining because they don't think it's profitable anymore and when Dash price rises.
Then, the cycle will happen again, but as the size of the Dash network and Dash market cap raises, the oscillations will be smaller.
The same thing happened with Bitcoin. The same thing more or less happens with any commodity on the market. It's all about supply and demand and it's perfectly normal.