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Title: DMD: is it worth it? Post by: alt-fan on November 30, 2013, 07:09:25 PM Does anyone has any experience with Diamond (DMD)? It's very rare, i think only 200,000 coins or so exist, so it has a huge margin to increase in price.
I see difficulty has jumped from 0.05 to 0.40 and price on cryptsy also multiply 20 times! Plus new pools are coming out (https://bitcointalk.org/index.php?topic=353396.new#new)! And profitability compared to bitcoin is like 3,000% (according to coinwarz.com). Looks interesting ;) Any ideas??? Title: Re: DMD: is it worth it? Post by: HighRoad on November 30, 2013, 07:13:40 PM Looks like it is worth.
Title: Re: DMD: is it worth it? Post by: mirrorreflected on November 30, 2013, 07:19:09 PM I have no idea.
However, it looks interesting to see 3000% profit. Will check it and come back and reply you with my opinion. Title: Re: DMD: is it worth it? Post by: gmg on November 30, 2013, 09:03:02 PM I am mining with one 7870 card (250-280 Khash) and I'm getting 6 mBTC per day, which is A LOT more than the 0.2 mBTC that I'm getting when mining for BTC directly.
I started to mine to convert to BTC, but the price keeps climbing so I'm sticking to DMD instead! ;D Hope this helps you. Title: Re: DMD: is it worth it? Post by: zuper on December 01, 2013, 12:24:42 PM Diamond is a really interesting case of altcoin! Many ppl believe in it.
"If BTC is gold and LTC is silver, then DMD is, well, DIAMOND!!!" :) Some basic DMD facts and statistics: - DMD is an ASIC-resistant scrypt coin. - It combines proof-of-work and proof-of-stake, providing excellent resistance to 51% attacks. - No pre-mining! - It is super scarce: only 4.38 million DMD will be created in eight years. Linear creation means early users do not have an unfair advantage (no block reward halving ever). - Block time is one minute and each block contains 1 DMD. - Every day, 10 random contain 2 DMD (bonus blocks), 3 blocks contain 8 DMD (super blocks), and one block contains 30 DMD (super+ block)! - Difficulty re-targets at every block. Feel free to try our new pool: http://www.dmdpool.net (http://www.dmdpool.net) Title: Re: DMD: is it worth it? Post by: alt-fan on December 02, 2013, 02:30:42 PM I downloaded the wallet and waited until it synchronised. But in the bottom it still says Checkpoint too old, please wait for block chain to download or notify the developers. Is that normal? By the way, price is still looking good 8) Title: Re: DMD: is it worth it? Post by: china01 on December 02, 2013, 03:36:22 PM At present China market has been opened, www.btc38.com China most fire trading platform, I hope DMD can the trading site or bit.
Title: Re: DMD: is it worth it? Post by: woobo on December 02, 2013, 03:44:43 PM Based on its current price and the value it may have in some time (who knows?), you can lose very little and win a lot.
So yes it is worth it. Title: Re: DMD: is it worth it? Post by: china01 on December 02, 2013, 03:47:36 PM The name DMD decide how far it goes, I believe
Title: Re: DMD: is it worth it? Post by: zuper on December 02, 2013, 07:53:23 PM At present China market has been opened, www.btc38.com China most fire trading platform, I hope DMD can the trading site or bit. Can you provide me contact info for btc38? I cant understand anything... Title: Re: DMD: is it worth it? Post by: gmg on December 02, 2013, 08:25:22 PM Why don't you use google translate? ;D Title: Re: DMD: is it worth it? Post by: china01 on December 03, 2013, 12:59:06 AM At present China market has been opened, www.btc38.com China most fire trading platform, I hope DMD can the trading site or bit. Can you provide me contact info for btc38? I cant understand anything... Title: Re: DMD: is it worth it? Post by: alt-fan on December 03, 2013, 05:05:54 PM I'm looking to buy around 1 BTC worth of DMD. If anyone is interested, PM me.
Thanks Title: Re: DMD: is it worth it? Post by: zuper on December 04, 2013, 12:04:53 AM I'm looking to buy around 1 BTC worth of DMD. If anyone is interested, PM me. Thanks Cryptsy has already DMD/BTC exchange option https://www.cryptsy.com/markets/view/72 (https://www.cryptsy.com/markets/view/72) One more big "player" is planning to add DMD/BTC soon. Until then, i m thinking to buy some more diamonds ;D Title: Re: DMD: is it worth it? Post by: Hazard on December 04, 2013, 12:05:41 AM About as worth it as real world diamonds, if you know what I mean.
Title: Re: DMD: is it worth it? Post by: gmg on December 04, 2013, 05:11:25 PM About as worth it as real world diamonds, if you know what I mean. I don't know whether it will ever be worth as real world diamonds, but it used to be priced at around 1 cent (in USD fiat) and it's now at 80, even after correcting after the recent frenzy in all cryptos. That's not a bad gain at all! Hopefully with the recent takeover, it'll be able to establish itself as a serious alt competitor. Then, it'll be worth many dollars (or BTC!) soon. Title: Re: DMD: is it worth it? Post by: china01 on December 04, 2013, 05:24:27 PM DMD is currently not many people are concerned, so the short-term value is not too high, who can contact the author hopes to BTER or DMD extended to some more global trading platform. :) :)
Title: Re: DMD: is it worth it? Post by: unreal37 on December 10, 2013, 02:19:04 PM Diamond is a really interesting case of altcoin! Many ppl believe in it. "If BTC is gold and LTC is silver, then DMD is, well, DIAMOND!!!" :) Some basic DMD facts and statistics: - DMD is an ASIC-resistant scrypt coin. - It combines proof-of-work and proof-of-stake, providing excellent resistance to 51% attacks. - No pre-mining! - It is super scarce: only 4.38 million DMD will be created in eight years. Linear creation means early users do not have an unfair advantage (no block reward halving ever). - Block time is one minute and each block contains 1 DMD. - Every day, 10 random contain 2 DMD (bonus blocks), 3 blocks contain 8 DMD (super blocks), and one block contains 30 DMD (super+ block)! - Difficulty re-targets at every block. Feel free to try our new pool: http://www.dmdpool.net (http://www.dmdpool.net) I guess it's not really resistant to 51% attacks after all. Sorry you're probably having a tough day. Title: Re: DMD: is it worth it? Post by: MisO69 on December 10, 2013, 02:31:36 PM According to this topic the blockchain is forked and they are working on a fix. https://bitcointalk.org/index.php?topic=255806.560
Do not mine this coin until the new client is released and blockchain fork fixed. Otherwise all the coins you mine will likely be invalid. Title: Re: DMD: is it worth it? Post by: zuper on December 11, 2013, 03:00:48 AM Updated to forkfix!:
https://github.com/palmd/diamondcoin Forkfix win client (must download new chain to use!) https://sourceforge.net/projects/philosopherstone/files/DMD/ Instructions for new forkfix client: (Windows) Make sure to clear directory of old chain, peers, everything except wallet and .conf file. Start new client and wait for sync then solo mine done. Make sure to delete old blockchain files (except wallet and .conf) or you will cause another fork! Miners? Pool up and chain fixed http://dmdpool.net/index.php?page=statistics test out the low difff Title: Re: DMD: is it worth it? Post by: Reece523 on December 11, 2013, 03:24:39 AM I think what Hazard meant was that real diamonds aren't actually worth squat but you're free to pay for them what you want and many people indeed do. DMD was delisted from Cryptsy... Probably a good idea to stay away for the time being at least (although if you feel like gambling there may be some cheap DMD relative to recent prices should Cryptsy relist it).
About as worth it as real world diamonds, if you know what I mean. I don't know whether it will ever be worth as real world diamonds, but it used to be priced at around 1 cent (in USD fiat) and it's now at 80, even after correcting after the recent frenzy in all cryptos. That's not a bad gain at all! Hopefully with the recent takeover, it'll be able to establish itself as a serious alt competitor. Then, it'll be worth many dollars (or BTC!) soon. Title: Re: DMD: is it worth it? Post by: Palmdetroit on December 11, 2013, 03:28:02 AM I think what Hazard meant was that real diamonds aren't actually worth squat but you're free to pay for them what you want and many people indeed do. DMD was delisted from Cryptsy... Probably a good idea to stay away for the time being at least (although if you feel like gambling there may be some cheap DMD relative to recent prices should Cryptsy relist it). About as worth it as real world diamonds, if you know what I mean. I don't know whether it will ever be worth as real world diamonds, but it used to be priced at around 1 cent (in USD fiat) and it's now at 80, even after correcting after the recent frenzy in all cryptos. That's not a bad gain at all! Hopefully with the recent takeover, it'll be able to establish itself as a serious alt competitor. Then, it'll be worth many dollars (or BTC!) soon. Its a temp delist because it was badly forked, was resolved earlier but everyone will need to upgrade to get off the dead fork https://bitcointalk.org/index.php?topic=255806.msg3912979#msg3912979 Title: Re: DMD: is it worth it? Post by: GameKyuubi on December 11, 2013, 03:51:49 AM Where can you even buy this atm?
Title: Re: DMD: is it worth it? Post by: alt-fan on December 15, 2013, 02:06:17 PM Where can you even buy this atm? It's still not in Cryptsy. If anyone is selling, PM me (I'm willing to do escrow). Thanks Title: Re: DMD: is it worth it? Post by: gmg on December 15, 2013, 08:56:32 PM I'm willing to sell 200 DMD if the price is right ;) Title: Re: DMD: is it worth it? Post by: zuper on December 16, 2013, 12:03:25 PM We are proud to annouce the official takeover of Diamond.
NEW TOPIC: https://www.bitcointalk.org/index.php?topic=372952 Title: Re: DMD: is it worth it? Post by: zuper on December 16, 2013, 11:28:51 PM Available on Cryptsy!
https://www.cryptsy.com/markets/view/72 (https://www.cryptsy.com/markets/view/72) |