Work in progress: http://wiki.darkcoin.eu/

No such thing as asic-proof with most common algorithms. If the schedule is known in advance, an ASIC designer can make the necessary accommodations.

If on the other hand the coin is protected by the will of the devs to hardfork to something slightly different, then any algorithm is ok. For example just as scrypt-n could change the n factor, X11 could hardfork to reverse the flow of hashing between some hash types, thus braking ASIC functionality that expects the flow to go a certain way. Or even adding another two three hashes and making it X12/X13/X14/X15 etc.

Are you running 32 bit? If yes, it won't run.

Yep... opensource and building upon prior work go hand in hand.... an innovative altcoin can use prior code and also contribute new code. A clonecoin is more of a leech to the ecosystem - doesn't really offer anything.

Clone = identical copy, not "based-on but different in this/that way" / "inspired-by" / "evolution of" etc. Some people simply don't understand the definition.

People will not lose coins, but the coins will be worth shit if the network forks. You are actually practicing a form of economic attack on LTC by spreading uncertainty over some kind of potential fork.

The right way to do it, is

a) to go through the official channels and ask for PoW change with a voting. If it's yes, the official coin will hardfork in a different PoW. If it's no, it's no.
or
b) to make a coin which suits you

As I said, it can bling under very rare circumstances, or after acid wash.

Otherwise it's mostly like this, amalgamated with black sand, mercury and other impurities:

Small specs can bling better, but they are specs - and silvery specs (not silver which is usually black-ish, but silvery) can be mirror-like and 10x in terms of bling-iness. It's the stuff you can see on the heaviest sands after a heavy rain, when it has washed everything except them - and they sparkle like crazy. You can see them on roads, pavements, even on soil which has been eroded. The rain streams move the lighter stuff and the metallic deposits of silvery-sparkling-metals remain.

By the last airdrop, fuel for the airplane will cost more than the coins it will spread.

That was hilarious, but it has a grain of truth for stackers

I think the price can spike to multi-thousand dollars but only for brief periods. 3600 BTCs flowing into the market, requiring 5000$ each, for 365 days of the year, is like 18mn usd per day to sustain the price. And that's not sustainable in itself (requires 6.5bn in buying capital per year).

Long term however, after block halvings etc, the price could go very high indeed. People do not really appreciate the scarcity of bitcoin. Owning one bitcoin is like having 15 kgs of gold (12mn coins vs 180.000.000kg of above ground gold). Such is the level of scarcity involved. People who have tens/hundreds of BTCs cannot really understand what this means for 5 years ahead, just as people in 2009 could not understand why they should be excited for having XXX-XXXX BTCs.

He's actually the only one who has reported <100% cpu use. What he said about non-optimized clients are also "weird". A non-optimized client doesn't run at <100% cpu unless one specifies less threads etc. Instead it runs at 100% cpu but provides less hashpower. That's the way it goes. Optimization is really about making the cpu calculate something in less cpu cycles, not about how much you "load" the cpu with processing task. That's a given that it's always 100%, even at "idle priorities".

It depends on what you "need them" for. If you want to take a risk in a single-point-of-failure approach, you can. If you want to improve your security, you can also. If you want to use the same tech as other coins, you can. If you want to differentiate yourself, you can also.


You are currently using like the 4th optimized version for this. The original miner was like 20 khash per thread on a wolfdale 2.4 and now I'm running on 41kh (sse2 only, no aes/avx).


3x?

LTC (1mhash scrypt) is doing 0.0051 BTC per day (theoretical),
VTC is doing 0.0048 (at 450 kh scrypt N) (theoretical)
DRK is doing 3x scrypt (3 MHs) x 0.85 DRKs x 0.00142 = 0.0036

If you have older series cards, like 5xxx and 6xxx series it's possible to get 3.8x scrypt rather than 3x-3.3x hashrate over scrypt (=0.004586 profit)

If I factor the power cost, it's like 0.25$ /kwh here and if I need say 200w for DRK / 400w for scrypt, then I have a +4.8kw extra cost over a day (-1.2$, or -0.0024 BTC). So DRK ends up being more profitable.

I really can't see where numbers like "3x more profitable" come from. Even without factoring power cost, 3x is nowhere to be found. More like a few %.


Do you see anyone making suggestions here that you should buy DRK and that it'll go to the moon? Go to other threads and you'll see plenty of that crap, hype and people whining for losing their money.

The fundamentals of privacy are pretty clear, from an investment point of view: The transparent market is 10 bn market cap. The anonymous market is 3-4 mn market cap (1mn anoncoin / 3mn darkcoin). If even 1% of the transparent market moves to the private market, you have 100mn market cap right there. Whether it is spread over darkcoin, zerocoin, anononcoin or 5 of their clones, it doesn't really matter. When you have one option (transparency) and a new option is presented (privacy), the monopoly is broken and the growth potential of the new option (which could not be exercised up to now, forcing everyone to the monopoly-option of transparency) is "significant".


1. No 32 bit mining client. Coins which play well on 32 & 64 bit systems are better for botnets.
2. GPU mining. CPU-only coins are the better option for botnets.

By those who issue fiat currencies and have a ton to lose if their game is busted.

Declassified document showing the efforts of the US to reduce the importance of gold, to make deals with other countries not to buy gold and how it is stated that they want to prevent inflation (in fiat terms) in case countries started to reevaluate their gold possessions in actual market prices (which would expose the fiat scam if everything went 5-10x): http://www.gata.org/files/ArthurBurnsLetterToPresidentFord-June1975.pdf  

You can't make paper money and have it compete with gold. It's like making a shitty altcoin and expecting that its ratio to bitcoin will be climbing despite its bullshit properties and enormous inflation. You have to rig the game in favor of the paper money by collusion with "friends and allies" to undermine gold and act as if its unimportant.

Also read this: http://www.zerohedge.com/news/2013-11-30/1974-enders-kissinger-we-should-look-hard-substantial-sales-raid-gold-market-once-an

U.S. objectives for world monetary system—a durable, stable system, with the SDR [ZH: or USD] as a strong reserve asset at its center — are incompatible with a continued important role for gold as a reserve asset.... It is the U.S. concern that any substantial increase now in the price at which official gold transactions are made would strengthen the position of gold in the system, and cripple the SDR [ZH: or USD]. In other words: gold can not be allowed to dominated a "durable, stable system", and a rising gold price would cripple the reserve currency du jour: well known by most, but always better to see it admitted in official Top Secret correspondence.
...
"Secretary Kissinger: But why is it against our interests? I understand the argument that it’s against our interest that the Europeans take a unilateral decision contrary to our policy. Why is it against our interest to have gold in the system? Mr. Enders: It’s against our interest to have gold in the system because for it to remain there it would result in it being evaluated periodically. Although we have still some substantial gold holdings—about 11 billion—a larger part of the official gold in the world is concentrated in Western Europe. This gives them the dominant position in world reserves and the dominant means of creating reserves. We’ve been trying to get away from that into a system in which we can control"

It doesn't bling bling until you melt it, clean it and polish it, otherwise it's a pale yellow color which approaches metallic yellow with some degree of luster only under rare conditions (high purity ore in terms of composition, no impurities attached on the surface etc).

Even some of the large nuggets that are shown in museums etc, are cleaned with extremely strong acid to start showing their color.

On the other hand there are silvery metals and rock formations that bling-bling fantastically as they are. Certain crystals can also be amazing as a sight for a primitive man / caveman.

I didn't say only humans were. Whether you are a human living on planet earth or a green ...martian living on mars, the universal rules and constants are the same.


Thousands of years indeed:

http://en.wikipedia.org/wiki/Metallurgy#History

"The earliest recorded metal employed by humans appears to be gold which can be found free or "native". Small amounts of natural gold have been found in Spanish caves used during the late Paleolithic period, c. 40,000 BC."

...I mean, you can't make this stuff up. ~45.000 years ago, the first metal that people used was ...gold. Of the dozens of metals, it had to be it...


Not so. You have to understand the global situation. In the west, gold selling to the masses is irrelevant as a force to affect the prices. Silverdoctors and gold bugs, doom-preppers and hyperinflationists, are buying metals in the millions of USD. More gold is actually sold by people who have to repay loans and mortgages and see their gold necklace or chain as less significant.

Annual gold production is in the 90bn USD range and it's all bought by massive buyers and citizens of eastern countries like India, China etc. The average joe in the west who might buy a few ounces is not even the 1% of the larger picture compared to India, for example, where EVERYONE buys gold.

Note that Indians aren't doing it because some guy in the tv or the internet says to do so, or because someone is pumping it. Rather, it's because gold is regarded as money and thus people don't even view it as an expenditure or "buying" - they just convert one type of useless money to another type of enduring money - knowing full well that it will preserve and enhance their wealth over the course of time. If you had to choose between rupees and gold, you'd take gold too.

So according to minute 9 to 10 he implies that we must trust those who setup the pc which will generate the key and that they will keep no copy of that key, or that they will have no preknowledge of randomness or "fixing" of the randomizer in order to know how the generation will go... How can they ever prove that they haven't got a copy of the key or that they don't know how the key was generated? (or even that the key was transmitted through frequencies to another computer). They can't, because they can't prove a negative... so uncertainty will always loom... these are stuff to be paranoid about and the theory that someone actually has the master key despite its public "destruction" will escalate pretty quickly.

Excellent highlights...

A few all-around "optimizations":

First post:

(additions/alterations)

1) DarkSend progress report (V5)
2) The new block explorer
3) Change of description for 1.2c / SSE2 miner (the link is for 1.2c binary)
4) Extra link for version 1.3 AVX/AES binary (it can be found here) http://download.darkcoin.fr/darkCoin-cpuminer-1.3-avx-aes-windows-binaries.zip
5) GPU miner link: https://bitcointalk.org/index.php?topic=475795.0
+
6) Release date should return to a more normal font size (since it's not a pre-ann) and be something like "Released on x date / 0 premine". If emphasis on the premine aspect is needed, it's not necessary to capitalize the release (which is already past).

---

Darkcoin explorer:

+ Darkcoin explorer should write DRK instead of XCO
+ Darkcoin explorer should feature the new coin design

---

Source code for wallet:

+ https://github.com/evan82/darkcoin/blob/master/src/qt/res/icons/toolbar.png should be changed with new coin design

---

Website:

- Change description of 1.3 AVX/AES miner to 1.2 SSE2 miner (as the link points to 1.2)
- Add 1.3 miner binary
- Add sources for 1.3 miner
- Add sources for the GPU miner: https://github.com/prettyhatemachine/sph-sgminer
- Change link of darkcoin sgminer as it is the first incarnation and should be slower than the second one
- Change font of Darkcoin on the top (too fat - problematic aesthetics), then a snapshot of the website can be taken and replace the thread logo on the first post as well with a more pleasing version. Release information should also be toned town as it's two months back, not a pre-ann.

(links for miners are collected here: http://wiki.darkcoin.fr/index.php?title=Installer_Minage_CPU_Windows )

An indicative number is near 1 DRK per 1000kh / day.