DigiByte (DGBUSD)

[Willymon]

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