AlexGR, the cool thing about Evan is he doesn't seem to care about dropping his previous work! The second he sees a better way to do something, he just does it! Old code out the window, on to better things.
It's not easy to drop solutions you've already worked for. It requires an agile mind to ditch a personal work effort in favor of something else - even if what you want to adopt is superior and it would be a no-brainer not to do it. The normal operating pattern of the mind is to do the exact opposite, which is usually counterproductive. However, in some cases, there might be a way to integrate the past and the new solution into something even better. There is a bit of danger in that we've bought into Evan as much as we have Darkcoin!.
Not that bad...  Evan, aside from working on the coin, is also invested in it. So DRK's success is his success in more than one ways - including money. Therefore the motive to excel in what he does is there for him and by extension the same motive will also generate profit for the rest of the investors / miners / speculator (that's us). Having said that, being successful financially is more than simply attaining a good market cap for DRK and increasing our net worth. A good marketcap can come through artificial means but enduring success is what will lead to a good marketcap that is also supported by fundamentals. There are two approaches to success... Go for tricks like promotion and snake oil tactics and then cash-out during the peak or do a solid job, write history, aaaand have the fundamentals ensure a long-term success. |
|
|
|
|
The pumper woke up and got to work: ~60 BTC buy walls from 0.0049 to 0.0051 at Mintpal.
Resistance levels at 0.0045-46 seemed ok earlier.
|
|
|
|
Firstly, this is not intended to be an act of trolling. I was quite heavily invested in Dark, and believed in it's cause. However, I would like you to carefully consider your position. The darksend option of anonymity could be smashed by the NSA quite easily. The anonymity market share you own - on the assumption that darksend works flawlessly - is about to be overtaken by Monero, and similar clones. Their anonymity solution is superior to yours, developed by hackers. A purely trustless solution. Good luck to you all, but buyer beware. https://cryptonote.org/whitepaper.pdfPS. Darkwallet also should not be underestimated, simply because you don't like it... I think people still don't get it. This is not about Darksend, this is about having a qualified dev willing to spend full time in this coin. The ring signature thing, don't you think Evan has thought about it already? If it could help the coin, how long do you think it would take to implement it to a possible Darksend2.0? This or any other feature .... this is what other coins don't have. Exactly. However there is the danger of being too "invested" in a particular technical solution to abandon it in favor of something better. This can happen even to F1 teams with 300mn budgets due to sticking with a suboptimal design and trying to make it work. In particular, masternodes will be obsolete in case of a ring solution switch - and that's a "problem" of such an "investment". However, there can be a workaround if masternodes continue to get the 10% for performing a different beneficial functionality for the network, whether it is extra anonymity laundering, IP rerouting and obfuscation, hosting the blockchain for thin clients, or something else. In this way the masternode infastructure can be utilized in parallel. |
|
|
|
It's not really alpha since everything works, including the ring signatures. There's no GUI however.  So it sort of reminds people of Bitcoin back in the early days before Qt (which was the third client). I think it would be great if DRK adopted this sort of protocol too. Anonymity is the most worthwhile ideal to pursue in cryptos right now. I tried Bytecoin when it "surfaced" (apparently the delay in public release was equal to a a very large premine which is already considered a scam)... problems in compilation, problems in mining, command line wallet (!!!), I was like wtf is this shit... "everything works" may be something of an overstatement. Personally I gave up on it... too broken and regressive for my preference. And I'm a linux / cli type of guy... However that's not a criticism on its anonymity technology (which I am not equipped to say if it's sound or not, but I haven't seen anyone say anything bad about it - seems an ok solution). More about the general "package". |
|
|
|
For starters, there hasn't been a mass exodus from scrypt.
It makes little sense why someone would put that much into something that has not stood the test of time.
Money is the only thing that makes sense. If scrypt in your area is unprofitable, then you mine X11 due to low electric cost. |
|
|
|
Where is all this hashpower coming from ? Stratum exploit ? Asics ? Not so secret sgminer settings ? Botnets ? lol http://www.drkpool.com/ I don't see any option for "scrypt farms going X11 due to scrypt ASICs"... 0.5-1 ghash scrypt farms were mining in LTC and DOGE prior to ASICs, so that's ~1.5 to 3 ghash in terms of x11 hashrate. Note that I'm not necessarily saying it's GPU farms, but it's the most plausible scenario especially for farms in a large number of countries where the electric bill is too high for any scrypt profitability. |
|
|
|
Buyer beware. Well no....buyer will do ok. User beware, your transactions are not anonymous
Your premise is that it's easy to buy the DRKs. However this goes contrary to market operation, in that escalating demand makes the price to skyrocket disproportionately as the available supply diminishes. Ie the first one million DRKs you can purchase for, say, $3 per coin making you a bill of 3m usd. The second million coins will cost way more, like $30 (30mn usd). The third million will cost 300$ per coin to gather from 50% to 75% of the coins and that's at 300mn usd for that million. The last 25% will be in the billions in terms of price. And then you have to buy the daily supply of, say, 7000 coins x 1000 usd each = 7mn per day... And if you do that, then you have to do that also to every coin having DarkSend implemented. So every coin that launches (or implements) DarkSend will be a quick target for NSA acquisition, so it's a guaranteed price success, so new clone coins would be guaranteed sell-offs to the NSA which will be, in a sense, turned to cryptoland's cashcow which we we will be gladly milking as we sell our DarkSend enabled coins and mine new ones etc. And the NSA will do that, while, as you say, there is cryptonote out there, or zerocoin tech etc etc. From a game theory perspective, they'll have to find another vector. This would be too costly with too little reward, even for their budget - primarily because it's a never-ending game. |
|
|
|
Why the sudden surge in value? Is it a pump? Haven't been here in a few days, any important info?
Tough to say for sure. Price-wise the coin is in an interesting spot - new RC coming next week which adds masternode payments (huge). At the same time the price has now gone up about 3.5x where it was sitting a few weeks ago so it's already risen quite a bit. It could certainly break far either way imo. There seems to be a feeling of a -guaranteed- price spike when RC2 is released but that thinking scares me, it's just what people with tons of coins to sell would love because people will be throwing buy orders at them. Sell on the news and all that. So I dunno. Either way a jump in price today is likely to be followed by a dump, slow or fast, before RC2 is out. What happens then, hmm, well...less certain personally. Of course this is crypto so who the hell really knows, we're all guessing lol. I think some dumping action will commence once the pumper stops buying for a couple of hours. There hasn't been much serious dumping in all this buying, except some buy walls that were covered at 0.005 on Mintpal. Whether the pumper will stop at 0.006 and the correction takes the coin to 0.005, or the pumper stops at 0.0052 and the corrections takes it back to 0.004x levels, is up to the pumper. |
|
|
|
Why the sudden surge in value? Is it a pump? Haven't been here in a few days, any important info?
It's a small pump in terms of value increase (nothing like 5x-10x-20x in value like other coins, just +30-50%), but a relatively large one in terms of volume. Some whales are apparently buying like there's no tomorrow. Regarding the fundamentals, Darkcoin moves closer to full implementation of DarkSend and masternodes payment. Make sure to update your wallet because there'll be a hard fork (since you weren't around to see the important info). |
|
|
|
Interesting... +35% from 360 levels and no huge selling correction.
please explain. I was referring to 0.00360 (=360 level) |
|
|
|
|
Interesting... +35% from 360 levels and no huge selling correction.
|
|
|
|
For x11 / DRK miners who use classic intensity settings: Try experimental intensity 400 / 800 instead and report back with hashrate and reject rates. In my experience, experimental intensity of 400 provided better hashrate and less rejects on a 5830 and a 6850.
With 280x and experimental intensity 400 the reject rates increase by at least 5% over -I 13, much more than the 2-3% hashrate increase. -I 13 seems best with 280x cards. Hmm... perhaps xI doesn't work as well with the 2__x series. |
|
|
|
Btc-mike, regarding the site in your sig (CPU Coin List - Cryptocurrencies for Your Processor), I assume it's yours?
The GPU advantage of DRK is ~3.3 for top-end/tuned CPU vs top-end/tuned GPU.
CPU hashrate reported for 6core/12thread i7 @ 4.5GHz is at 880khs with avx/aes enabled, while top/tuned 290x's pull close to 2.9 MHs.
Yes, my site. I am using AMD-8320 and R9 280x for all tests. I have the 8320 so it makes testing easier. The GPU Advantage of all algorithms is based on the hash rates from these two. They are not the best but they provide a reference systems that allows someone to compare different algos. I know that the groestl algo GPU Advantage would benefit greatly from using a Haswell GPU as well as using 16GB in the test system. If you are interested seeing some of the discussion about groestl look at the last few pages of my thread https://bitcointalk.org/index.php?topic=483976.0 Aha, that makes sense for comparing different type of hashing algorithms calibrated with specific hardware. |
|
|
|
Someone with a time machine who knows just how big DRK will be a la Biff from Back to the Future 2? I wish I had that many... Yeah he/she bought another 5397 half an hour ago. Smart individual. Would do the same if I could hide it from the wife.  Hmm indeed, just saw it: 4976778885... 64631 2014-5-8 02:00:25 + 5,397.294 DRK 217,023.7591981 DRK |
|
|
|
|
Btc-mike, regarding the site in your sig (CPU Coin List - Cryptocurrencies for Your Processor), I assume it's yours?
The GPU advantage of DRK is ~3.3 for top-end/tuned CPU vs top-end/tuned GPU.
CPU hashrate reported for 6core/12thread i7 @ 4.5GHz is at 880khs with avx/aes enabled, while top/tuned 290x's pull close to 2.9 MHs.
|
|
|
|
FPGA is running X11  In theory, FPGAs can mine any GPU-mineable coin if they are properly programmed, however, despite their bigger speed and power efficiency compared to GPUs, they are not on the level of ASICs (performance wise). So is it possible that some people are mining with FPGAs? Yes it is possible. Do we have any proof? No we don't but we can assume that some people could be mining. Do we know what speed they are doing? No we don't unless they share their data, instead of us making conjectures about hashrates from pools, included GPU farms that switch to X11 from scrypt and are labeled as "FPGAs". What we do know is that right now DRK is the most profitable coin (if you calculate it with 0.20$ / kwh) or the least loss-making coin (if you calculate it with expensive european energy prices of ~0.35E / kwh or ~0.5$ / kwh). http://s7.postimg.org/h3hodxe8b/profit1.jpghttp://s7.postimg.org/oxi9zbm17/profit2.jpgWe also know that this profitability (compared to scrypt / scrypt-N and other X11 coins) would not be possible if it was raped by non-GPUs... So 1+1 = 2. |
|
|
|
Nice stuff... |
|
|
|
|
Show Posts
