DigiByte to Undergo Hard Fork

The upcoming DigiByte hard fork will change some of DigiBytes Mining algorithms to maintain GPU friendliness
21 March 2018   1506

DigiByte is a public, rapidly growing and highly decentralized blockchain, and DigiBytes are digital assets that cannot be destroyed, counterfeited or hacked, they are created for protecting objects of value like currency, information, property or important digital data. 

DigiByte has issued the blockchain development plan for 2018, revealing that DigiByte Core v6.16.2, which is the foundation wallet, will be released in March of 2018. The new DigiByte wallet will have a new look, bug fixes and more features.

Moreover, DigiByte Core v7.16.1 release is planned for summer of 2018. The upcoming DigiByte hard fork will change some of DigiBytes Mining algorithms to maintain GPU friendliness. Unfortunately, the exact date of the hard fork has not been revealed yet. The further expansion of the DigiByte core protocol to further support community development and incentivize participation is scheduled for the fall of 2018.

At the moment of press, these are main market parameters of DigiByte:

Average price: $0,025089
Market cap: $250 956 368
24h volume: $2 425 990

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   137

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.