I think you would have been better off staying with nxt instead of branching off.  No matter how you label it... Simcoin is still a clone and knockoff of nxt.

I suggest you continue to stay and help to develop nxt instead of starting your own alt coin.

The key to success in any alt coin is getting large scale adoption by the public, not coming out with new and fancy whizz bang features that nobody understands.

Its better for all of us to unite and dig a well that is 1 cm wide and a kilometer deep then to spread out and dig 1000 wells that are only a cm deep.

Pretty much any fancy pants feature that anyone can dream up cryptos has been thought out... yours isn't any original despite what you think.

The key is to get the code out.. not dream up new features or new clone coins.

Nxt has already "taken" the title as being the new kid on the block created from scratch...

If you come out with simcoin it can never proclaimed to be created from scratch it'll just be another clone of nxt in the history of cryptos.

I'm saying this not to rain on your parade but to encourage everyone to take the coins we already have on the market n actually make it work in real life and not just in theory.

Anyone coming out with a new coin at this stage in crypto history is only gonna be seen as a "get rich quick" for the inventor and nothing more.

If you have a stake in nxt n decide to invest in a clone of nxt... do not fool yourself into thinking that you are diversifying ur investments.

All u r doing is encouraging talent to go somewhere else instead of focusing on nxt.

The grass is not always greener on the other side folks.

Peace
Tai Zen

Re-Check your calculations. It seems that something is wrong with them.. I am quite positive mine were right and for 2100Mh/s mine showed a little bit under 2DRK per day (for an average difficulty set to 460).. while yours give me about 1.2DRK.. quite a large margin..

+1

The press only want to write about something controversial. If we give them dark themes they will write about the negative side. This keeps adoption low and the price low.



Those that want anonymity for nefarious reasons will still use the coin. They will give a price boost to darkcoin when darksend is ready. But they are not the target audience, IMO.

The articles in the press when darksend is out will have an illegal usage bias. We should be aiming for greater debate about anonymity from the blockchain. That way we get compared to bitcoin and an alternative to bitcoin from the word go.

Without question - this comparison will boost the price of darkcoin.

On that front, zerocash will be out in May. We don't want to let them be written about as the default alternative to bitcoin for those that want anonymity. Especially if we give it to them cheaply by holding back our brand message.

It may be uncool, but banks and financial services is supposed to be BORING. You don't want exotic people and organisations looking after your money.  Slick, elegant, upstanding, dependable, safe, trusted. These are the sort of brand messages we want to convey.

In an effort to appeal to our greed, a sensible approach can make you rich.

You want people to able to talk freely about darkcoin at dinner table conversation without having to preface their words by saying, "I know it's mainly used for buying guns and drugs, but I like using it because......'

couldn't help it.



my fave

+10000 for this one 

Litecoin/Vertcoin (Scrypt and Scrypt-N) have made two choices that will boomerang in the long-term.

1) Declaring asic immunity (which is false - one only needs to see vertcoin's title that says "no more asics") and using it as a selling point. Litecoin discovered their claim was bogus when it was GPU mineable. They are true when they say that if a hash can be GPU-mined, it can be ASICed. Same is true for scrypt, scryptN, x11 etc.

2) Using much RAM as a cost-deterrent. This will only make ASICs much more expensive than normal ASICs and if it works as they say it will, then it will have the unintended consequence that scrypt and particularly scrypt-N ASICs will be out of reach for most people => worse decentralization in terms of hashing power.

Theoretically x11 hashes are easier to implement on ASIC (as single hashes - as a chained hash we'll see how it goes). But x11 asics will eventually be cheaper for the masses (better asic decentralization) as they do not carry the ram cost that will make scryptN asics much more expensive.

In any case, when a new mining equipment comes out that is orders of magnitude faster, it should be available to everyone for fairness reasons. Coins that will try to remain at the GPU-only phase will always have the threat of ASIC on the horizon on what would happen if an ASIC came along. It will be a dejavu situation with early February over here and cpu mining vs fears of gpu miners being available in the wild. And if a coin like Vert states it will change PoW when ASICs are out, then they've opened their cards and ASIC manufacturers will outplay them: They'll make the ASICs and use it to mine scryptN networks while these networks are oblivious to ASICs existence. I did an estimation that if a manufacturer makes a few ASICs that capture 30% of an enlarged scryptN market in the next year that produces something like 1000 BTC per day in altcoins, then it's 300 BTC per day in profit / 9000 BTC per month. Even if BTC is at 500$ it'll be 4.5mn USD per month - and this power will masquarade as GPU power. If BTC is at 1000, we are talking about 9mn per month.

Btw, I laugh when I see gpu miners talk about their "concerns" on decentralization. We all know that miners go to large pools irregardless of the hashpower concentration as they don't care that much. In order to avoid variance, they can go to pools with 20-30-50% of the hashpower and then complain that ASICs will be bad for centralization and bad for the network.

That's a beauty: https://i.imgur.com/fIhcGBN.jpg

Logo competition update

117 crowdsourced designs have come in, and can be viewed here: https://www.darkcointalk.org/threads/logo-designs-all-please-view-discuss.205/

Selection process will be as follows (this will all happen on darkcointalk.org, not here):

Day 1. Post all the designs for people to look at & discuss, including the current logo and earlier community generated designs.
Day 2. I will post a draft subset of these that I've narrowed down for inclusion in the first vote (people can debate inclusions/exclusions).
Day 3. First vote will be posted, and it will be open for 48 hrs. First vote will include the preselected subset with modifications based on discussion on day 2.
Day 5. Depending on how close vote 1 is, a final 48 hr vote may be called with the top x number of submissions.

Darkcoin team will officially retain the right to veto & call re-votes, in case democracy-by-online-poll goes horribly wrong, although I don't anticipate that happening.

I agree with you. Once crypto becomes ubiquitous and we all have payment apps on our smartphones, the door is wide open for altcoins and the competition will expand to fill every niche in the market. There's no reason these apps couldn't support payment via any altcoin, either directly or seamlessly converted to the merchant's desired coin via an exchange. I could pick DarkKitty3000Coin on my phone, swipe at the terminal, and the merchant receives BTC. It'll happen.

i have 280x`s and 7970 and can only get 2 MH per card which i believe is the norm using sph 4.1, with 290`s you can get 2.5 MH.

I know a lot of people have stated in many articles that they believe only 5 or 6 coins will ultimately survive.  But the more I think about it, the more I can see many  more coins finding a nitch if more of the population start to use them.  It will be interesting to see where we are 10, 15, 20 years from now.  The press is printing gloom and doom again.  It's so silly, people obviously don't truly understand the value crypto coins bring to the market.  But of course time will tell!