Well they are speaking about branded currencies; IE, currencies that are issued by a company and likely aren't decentralized by any stretch. I do suppose though that's a gauge for openness to new currencies in general, which would point towards crypto. I personally would not put much stock in a branded currency, though I suppose gift cards would fall under that categoy wouldn't they?
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Is 1000 MN the 'cut off point' for MN's
or will be there as many as possible ?
(i heard somewhere there will only be 1000.... is that true ??)
Tx No there's no hard limit to how many masternodes there can be. |
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-snip-
Jesus christ, wow... I think I'm probably required to try after you put the time into that. Lol! thanks! |
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Relax guys. RC4 will be here soon. Auto denom is getting fixed as we speak. 10 Drk limit will be lifted and markets can start to spring up. Faucet was just a suggestion. Let's welcome people here. If you disagree, just say "I disagree". No need for head cutting.
Evan just posted twice on the testing forum about exactly this on his way to bed. Development on RC4 is moving breakneck fast when youy consider it's basically a complete rewrite of everything that made DRK what it is. RC4 makes it essentially a completely new coin based on the lessons learned about multi-proofing and anon. It's just called DRK for shits and grins. Correct, I have been part of the testing and I can say from the first RC4 release to the latest version we have come leaps and bounds. Evan has fixed the bugs found at lightning speed and done an amazing job updating the testers of what was fixed. As of the last release the denomination by masternodes is working, but there are still a few bugs to iron out. Gotta love watching the wallet start automatically denominating into 100's 10's 1's through the masternodes, super exciting. Is there a windows test wallet, or is it only linux? I've been wanting to help but honestly linux scares the shit out of me. Kinda like DOS. |
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Sorry, too many pages to read.
What happened at price? I missed some bad news or just traders with some panic seller?
I don't know their motivations, impatience perhaps? But there's no news specifically if that's what you're asking. |
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DRK guys,
The level of hostility and-tit-for tat retorts against Bobsurplus and Shojayxt has gone to fever pitch. What happened to just ignoring these guys?
Think back to your school days. What was the most effective tool against a playground bully? To ignore them. They hate being ignored because a lack of response from you is the very worst of experiences for them. And when you do this they ratchet up the pressure and get much louder. And if you continue to ignore them they get even LOUDER. And then, with continued ignoring they enter into a frothing-at-the-mouth phase where it's so extreme they end up making a complete spectacle of themselves.
The problem here is that we're failing to ignore them (even after everyone's said they would). To "ignore" means exactly that. It's to not respond at all on any level to a single posting. It means don't even use a blank quote box (so that you're not reiterating their words); the mere fact you're writing a responding post means you've not ignored them. Just don't respond AT ALL. They will get louder and louder but will suddenly vanish. That's how it works.
It is obvious to anyone that has any experience at all with human nature that Bobsurplus and Shojayxt are worried about DRK's likely success and feel a desperate need to put DRK, and everyone here that believes in it, down. As someone pointed out, we should be flattered. But their venom and nastiness will just disappear if we truly ignore them in every respect.
A good reminder. Ignore means don't talk to. +1 |
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I didn't even realize that so many MNs were created in the past few days (just looking at the charts right now). We are nearing the 1k milestone. We might see it before RC4 hits.  Yea it's pretty remarkable. If the price drops a bit more I think we'll see even more MNs come online as they become more affordable to acquire. As a holder of DRK myself, obviously a price decline is not the most pleasant thing, but on the other hand it's increasing MN distribution, so it's a double edged sword. Well it sure doesn't feel comfortable since I did buy a lot even at 0.017 and up. I try not to think about it. While increasing MN distribution it also gives me some room to buy even more. The market is pretty dry. Yep I'll agree with you there, the volume has been pretty low since the May-June explosion in price. I think one of the peak days back then was around 4000-5000 btc traded in one day. Right now we're trading around 100-300 btc a day and have been slowly going back down with whale dumps interspersed among smaller sells. Where will it bottom out exactly? No idea. But, I do know that RC4 is under development and will be quite something when it's released. Crypto traders are incredibly impatient though, so whether the market has the patience to wait for it is another matter entirely. Picture crypto trading as hundreds of merry-go-rounds on a fair ground; one for each coin. When the merry go round slows down people become impatient, and start looking around for one that's speeding up or looking like it will sped up. If the one they are on isn't spinning fast enough they'll lose patience and jump off. I'm fairly sure when RC4 is ready our merry-go-round will attract quite the crowd. DRK's value will be dependent on developing features beyond anonymity, which, as I alluded to, will not be a distinguishing feature from BTC with the advent of anonymizing wallets. I'd be interested to hear about some of these features that are on the development horizon. A couple ideas being thrown around are using masternodes to host the blockchain for lightweight clients (similar to electrum for bitcoin), or using them to host Tor relays. There are a ton of possibilities, those are just a couple ideas. |
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I didn't even realize that so many MNs were created in the past few days (just looking at the charts right now). We are nearing the 1k milestone. We might see it before RC4 hits. Yea it's pretty remarkable. If the price drops a bit more I think we'll see even more MNs come online as they become more affordable to acquire. As a holder of DRK myself, obviously a price decline is not the most pleasant thing, but on the other hand it's increasing MN distribution, so it's a double edged sword. |
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Yes! Excellent thank you. It's starting to look nicely distributed vs. a few months ago. Even though I'm an American, I must say it's good to see the USA hosted masternode percentage drop as that means it's becoming more distributed worldwide. And another thing. Generally I'm not one of those people who think that price declines are 'good things,' but honestly in this case it actually might be. As the price of DRK has gone down quite a bit since its peak it has become more affordable to purchase the 1000 DRK necessary to setup a node. This has made it easier for more people to acquire a node, thereby increasing MN distribution. Increasing MN distribution increases the overall health of the network making it harder to shut down. |
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What was the website that shows the masternode distribution by country?
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OK, I will pose a very simple question. How does DRK stay relevant or gain traction in the event that Bitcoin's relative lack of anonymity has been solved by apps like DarkWallet?
Because DRK as an altcoin can easily mutate and adopt new features. Bitcoin at this point is pretty entrenched and I doubt we'll ever see widespread change to the software itself. It's locked into its current framework. Starting from this point, DarkWallet is already limited because it's tied to Bitcoin. DarkWallet doesn't have a masternode system, which is probably one of the most versatile aspects of Darkcoin. DRK can also add more features to increase anonymity because it's its own individual entity. DarkWallet is directly tied to Bitcoin in the sense that the anonymity features will never actually be built into the Bitcoin software itself. DarkWallet seeks to anonymize some transactions when people choose to use it. DarkCoin (in RC4) will anonymize the entire network, and do it in a way that makes it hard to do timing analysis to figure out who's sending what. The more people you have involved in the mixing the harder it becomes to trace. Darkcoin's masternode system is directly incentivized by the network. People are being rewarded with DRK to maintain healthy masternodes. This means they have necessary selfish motivation to maintain them, as basic as that sounds. I support DarkWallet and anonymity projects in general because it's necessary to have them. I just realize that having a decentralized blockchain-based solution built for anonymity is better than trying to piggy-back on Bitcoin. |
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Wouldn't the correct approach be finding out what this is being caused by? Not just make a workaround and hope that this can't be exploited into something bad?
Hi LaudaM...I think what irks people is the graphic its self and not questions about testnet. My 10cents worth. Well if that is the case, I've removed the graphic from the original post and tried avoiding it in every quote. I've wanted RC4 to hit before my vacation but I guess waiting a little longer is not an issue. We're looking at an August release possibly, right? Yep most definitely not July and I don't see it taking another month so that puts it somewhere in August most likely. |
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When he's saying: not sure what's causing it but a client will just try again I'm pretty sure what he's trying to say is: he isn't sure what the cause of the error is but he will watch for a client to do it again so he can see the source of it and fix the cause.Not: I'm not going to fix this it will solve itself.Thank you for a reasonable post sir.I'm not sure why everyone is hostile towards a supporter for asking a question and using a meme, oh well. Where is your donation address? No, it's fine man, no worries. Let's try to keep it civil guys and not be at each other's throats. And shojayxt should just be ignored he's been trolling this thread for a while now. |
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Another big update for RC4 which is currently still in development and being tested here : https://darkcointalk.org/threads/rc4-testing.1830/page-29From Evan : ****** RC4 update 10.12.8 ******* - Masternodes now reset themselves when they give "entries is full". Not sure what's causing it but a client will just try again Wouldn't the correct approach be finding out what this is being caused by? Not just make a workaround and hope that this can't be exploited into something bad? When he's saying: not sure what's causing it but a client will just try again I'm pretty sure what he's trying to say is: he isn't sure what the cause of the error is but he will watch for a client to do it again so he can see the source of it and fix the cause.Not: I'm not going to fix this it will solve itself. |
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nice charts, but technical analysis on it is not good, broke support already. fingers crossed on RC4 to save the day.
TA in what sense? The .008-.009 level has seen quite a bit of support going back into May. Not sure what support level you're talking about. Also, take into account it was a singular dump by one entity that dropped the price from around .01 to the .008-.009 range. We've been drifting on low volume. |
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i think it would be a good thing if somebody of the devteam could say a word or two how everything is going... Is the RC4 process on time?... Are things turning out as planed?... Sometimes it is just necessary to tell the people that everyting will be allright?.... Btw where are all the people that make this tread interesting?
Yes it's most certainly within the planned timeframe. Remember Evan said: Development on RC4 is nearing an end and we expect that we’ll be firing up testnet in the coming week. Depending on what we find, testing and QA should take 2 to 4 weeks. That was on July 15th, which will be 2 weeks tomorrow. Development is progressing. RC4 is in testnet phase right now. https://darkcointalk.org/threads/development-updates-july-15th.1788/ |
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That's weird... I've been running 1 card mining DRK for about a month and will give this a try... How much DRK are you pulling in with that setup, if you don't mind me asking?
I'm currently running some tests between P2Pool vs WafflePool vs Single Pool DRK mining. Ballpark for all 3, depending on difficulty of course, has fluctuated between 10-20 DRK per day. At the moment, WafflePool then buying DRK is just edging out P2Pool with is just edging out Direct Pool mining DRK. The additional DRK I'm accumulating from going down the WafflePool approach is not sufficient for me to ignore that P2Pool would be the better long term solution for the network, so unless something amazing happens on WafflePool over the next few days, (I'm giving each one 1 week), I will be settling on P2Pool. Yep that's how I've been mining. Figured what little hash I'm throwing at it might as well help promote a healthy network. Mining p2p is mining in the true spirit of crypto. |
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x11 Mining Discussion
I'm sure I'm not the only one here mining x11. Thought I'd share something and hopefully compare notes.
After discovering x11 I returned all my GPU's to factory bios, undervolting was fairly important with Scrypt, not so much with x11 as the power saving was so good. So I chose farm stability which did wonders for my general sanity levels.
However I'm finding now, with new miners such as "sgminer_x11x13mod_01_07_2014" combined with ATI Catalyst 14.6 Beta, x11 speeds are increasing and with that, power consumption.
My 6 x 270x rigs are pushing 750 watts these days, which is starting to climb back up to Scrypt levels, suddenly undervolting is back on the table again.
I noticed something really interesting last night.
After undervolting my cards and taking the rig power draw down to 615 watts, speeds increased!
I immediately face palmed and wondered why I didn't do this sooner, has anyone else experienced this? My test rig went from 16.5 Mh/s to 17.1 Mh/s after taking the power from 750 watts down to 615 watts!
That's weird... I've been running 1 card mining DRK for about a month and will give this a try... How much DRK are you pulling in with that setup, if you don't mind me asking? |
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Yea I think the article by Fernando is a great barebones introduction to Darkcoin. It would be good to link anyone who's curious about DRK to it because it explains in simple terms how things work. Then if they want to know more, especially how it works on a technical level they could come here. Tante's brief is pretty in depth, actually might be a good expansion on what Fernando was talking about. Very detailed and well fleshed-out, full of juicy nuggets. These two articles together are a good introduction for newbies on where DRK is and where it wants to go. |
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