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.
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
I'm no longer mining. I've got a couple of ASICs that work on the Skein and Qubit algos, but they're idle. Not really because they aren't profitable, just that they aren't really all that profitable anymore, and with the difficulty in the stratosphere, seeing pennies come in where there once were big dollars doesn't get me excited. They're temporarily mothballed - you never know when things might change. As far as the GPU mining goes, I did lots of Scrypt in the early days, and then Groestl, which I liked a lot, but was rotated out in favor of Odocrypt. I've never mined Odocrypt, but there are a lot of people who do. I'm pretty out of touch at present, but a good place to start looking for someone who can better answer your question would be here: https://www.dgbwiki.com/index.php?title=DigiByte#DigiByte_Community
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.
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
I looked into it a while ago but I'm still confused about how much one can earn by mining DigiByte. Are you mining?
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I'm no longer mining. I've got a couple of ASICs that work on the Skein and Qubit algos, but they're idle. Not really because they aren't profitable, just that they aren't really all that profitable anymore, and with the difficulty in the stratosphere, seeing pennies come in where there once were big dollars doesn't get me excited. They're temporarily mothballed - you never know when things might change. As far as the GPU mining goes, I did lots of Scrypt in the early days, and then Groestl, which I liked a lot, but was rotated out in favor of Odocrypt. I've never mined Odocrypt, but there are a lot of people who do. I'm pretty out of touch at present, but a good place to start looking for someone who can better answer your question would be here: https://www.dgbwiki.com/index.php?title=DigiByte#DigiByte_Community