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From what I'm seeing the network hash is 8.5 ghash right now, of which 2.45 are on the official pool and 3.4 ghash on coinmine.pl. Are the smaller pools and p2pools making up the extra 2.65 ghash or is it a solo whale miner?
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The general crypto boom is over. Those who saw 8000%+ profits from BTC in < 2 years were the lucky few. Who we be the Levi Strauss of the crypto era - a man who started a small business selling new-fanged denim jeans to the gold miners back in '49. Perhaps you've heard Levi's?
I think cryptos in general have a lot of potential. I mean most people don't even know what Bitcoin is, let alone altcoins. And, if you factor in that around three quarters of the planet live in countries with high inflation rate (not EUR, GBP, USD etc - which of course are inflated too but to a lesser degree), cryptos could be a nice alternative to the national currency - and much more convenient than gold for trade purposes. DRK looks interesting enough, but whether or not it shoots up and outrageous amount to $20, or even $100 by next year is largely irrelevant,
Ah, well, I mean aurora is at 45$ when Lite is <15. And when you put the facts down, like 300k iceland citizens vs 450mn market cap, it's like 1.5k USD per icelander  Yeah, that will end up well... Darkcoin is providing a second option vs the monopoly of transparency in which ther coins are in. This means that if someone wants their crypto deposits / crypto transactions to be more private they'll have to move over to DRK. The transparent market is at 100% right now while the more-private market is at near 0%. In terms of "market growth potential" what will happen should be pretty easy to figure out. With a market cap of ~8bn (BTC+other alts) to 3mn (DARKcoin), the prospect of capital flowing toward the DRK side is "significant". Even if one per cent of the "transparent" market moves to the more private market, we're talking about 80mn USD boost that is there to share for DRK or other anon coins which may follow - and they will not be necessarily mutually exclusive (one could practice transferring money through 2-3 anon coins, implementing different solutions, for extra safety / privacy). Needless to say what may happen if tax authorities start to crack down on BTC. The "just 1%" may suddenly become several % - with a corresponding boost in value of the private coins. I mean, from a market perspective, and with such prospects being there, even if the anon market is shared by 2-3-5 different coins in the long run, this is a 9-digit to 10-digit market (xxx millions to billions) that they will share between them. Current market cap of a few million USD may seem like a joke by then. With such fundamentals, who needs hype, or pump and dumps? |
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Even with coinjoin implemented, it won't be 100% anonymous. The only real hope for a truly anonymous currency at this point is anoncoin.
There's no such thing as truly anonymous. It's all relative / degrees of privacy. There are smaller degrees and greater degrees. Even if someone achieves NSA-proofing, it may still not be enough for a future data analysis performed in, say, 10 years, with more evolved "tools". In the meantime one can opt for the less private options, or the more private options - as these evolve and compete with one another in order to improve their increased-privacy services. |
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is now a good time to buy? Haven't really followed anything dark related
It's a great time to buy. DarkCoin is not a hype and pump/dump coin. It has attracted attention through actual value by means of the soon-to-be-beta (actually-in-alpha) DarkSend functionality (in addition to 11 different hashing algorithms which make it ASIC resitant, Kimoto Gravity Well (KGW) which makes it safe from multipools for example and adjusts difficulty every block and a great professional developer). This new feature will allow you to send coins anonymously directly from the wallet without passing by TOR (darkweb) or through a mixing service which requires trust in the operator of said service and also involve fees (2%). It is a trustless solution straight from the wallet and it will be the first coin to achieve such a feat. It experienced natural growth, going from around 0.00005 BTC when first hitting markets to 0.0025 BTC without any kind of useless hype (e.g. Maxcoin). If you look at the price now though, it is quite a bit lower, ranging from 0.001 to 0.0014 depending on the market. What happened? One of the exchanges on which DRK trades (C-CEX) had a malfunction/hack which allowed a user to gain access to hundreds of BTC for free, which he couldn't cash out. He figured out that by buying DarkCoin, he could then transfer it out of the exchange easily, this caused a huge spike in buys since he put in around 300 BTC worth and bought up all DarkCoins up until 0.0075 BTC or 7.5 millibits. He then proceeded to transfer all those coins to another exchange (Poloniex) and started dumping as much as possible, as quickly as possible, with no regard for price. This caused a chain reaction which lasted for around 4 days. At first the coin recovered admirably to the dumps, staying very close to its regular price after a few dumps. After two days though, the price couldn't hold up anymore and we suspect that a lot of very early adopters started getting scared and began dumping as well. Through some investigation and through a mixture of guilt, the "hacker" (who claims he actually isn't a hacker and the BTC simply appeared due to a mistake), came back and contacted the right people to start giving back the BTC he had taken from the exchange, since a lot of other people were affected and had their funds frozen. Of course he had lost a lot of value by filling very cheap buy orders for DRK so he can't possibly give it all back but the important thing is the dumps are stopped now and the coin has stabilized again. It has found solid ground and is starting to rise again. This rise will be fueled by the 3rd DarkSend alpha test which is happening tomorrow and after that, the developer (eduffield) has said that the beta will come soon as the code is very solid. You have a unique chance right now to buy into a coin which really isn't supposed to be available at these prices anymore due to its real value. Only reason it's low right now is because of the situation I explained above. It belongs on the top of the charts as much as other coins with added functionality such as Peercoin/Namecoin for example. It's not a simple clone like 99% of other coins and it's here to stay. TL;DR - Great time to buyCan someone explain some basic things to me: First, source to above story? Let's just say that there are at least 100 first hand witnesses here and tens of us that got our BTCs stolen on c-cex. The incident was also discussed here: https://bitcointalk.org/index.php?topic=485029The coin price, pre-ccex incident, was ranging from 0.0019 to 0.0024 - and after the drop from the dumps, it's rising up again. You can see the spike here: https://c-cex.com/index.html?p=drk-btc"yeah, not impossible to trace, esp for small operations like police, banks, hackers, etc. But the NSA could prob trace it if they wanted"
I'm not saying that not good enough. That would be a step in the right direction, but represents merely a head step in the technological arms race. If police departments wanted an easy way to trace any crypto, couldn't a private enterprise specialize in doing just that in a cost competitive way, and offer it as an affordable service?
Private enterprises don't have NSA-grade resources, nor do they "own" the internet and computing devices which are implanted with all sorts of backdoors. |
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Don't spam boards, media, trollboxes. Attention will come naturally as a byproduct of what's going on in here. As they say "build it and they will come". Hype and spamming are for shitcoins, creating the opposite effect on those who are in the receiving end of the hype/spam.
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Hmmm who would gain from having DarkSend fail?
I doubt it can "fail" because there is a ddos attack. Perhaps testing problems from no connectivity can occur, if there are very few darksend nodes for testing, but not much else. Questions:
a) Is the source code for the mixing/stealth in the github repo? If so where?
It isn't. b) Why was block reward halving removed 4 days ago in main.cpp?
Because the number of coins would be capped at ~10m in a few years instead of 84m over a longer period of time. I only run cryptocurrency code that I compile myself from source, so if the source isn't available then I am getting off this bus. Y'all still on board let me know how the ride turns out.
As far as I understand, it has been agreed that source code will be open sourced after it is officially launched (now it's in beta). |
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I appreciate Anonymint's commentary, though I disagree with his assessment. What I look forward to the most is Eduf's response. The "pounce on the detractor with hate" is more akin to a political faction's response than a math project... I've experienced a bit of that myself... ;-)
For this coin - perhaps more than any other out there right now, given its intended purpose -criticism is more than welcome. His is frankly exceptional and the best I've seen thus far in this thread. Having said that... In fairness to those attacking AnonyMint, offering unequivocal dismissal in the same breath as plugging one's own alternative (or, at least, plugging the fact that he is working on an alternative) seriously smacks of douchebaggery, and he should have expected to be called out on it. Sorry, I have to disagree, the guys comments have been haughty from the start and grew into self promotion. Still, I too like the questions being thrown out there by someone who at least sounds knowledgeable and have been happy with eduffield's responses. We need every criticism that we can get to make this as much bulletproof as it gets - even if it originates from less altruistic / more egoistic type of people with their own agenda. The hackers that may crack this thing open or tamper with its operation requiring upgrades on DRK's part, won't be kind or come here for discussion - they'll simply do what they know best, so there you won't even have a chance to criticize their personality. So it's better facing all (or most of) the problems now rather than later. Not that bitcoin was build in a day and in a perfect state, it still has flaws that aren't fixed in like its 5th year running, so there will inevitably be a learning curve where certain things will have to be improved upon - that's the way I see it, at least. Anyone expecting 100% anonymity or a flawless curve where no issue is found will be panic selling - especially those who are now joining the club. I mean AnonyMint simply wrote a "this is flawed" and the price went down. Imagine if issues that need to be resolved are uncovered - which they will, because you can't be perfect from day one - and you have the "ohhhh nooooo I MUST SELL EVERYTHING RIGHT NOW"...creating a wave of disappointment in the community, who, for the most part, are here for the profit, rather than the evolution of technology. So it's far better to be grounded and have realistic expectations. Besides, it's not only a matter of financial speculation, but also an issue of technological competition in who achieves the greatest degree of anonymity, with multiple solutions competing against each other (ok, not for the time being because obviously DRK is now live, but ultimately that's what'll happen). If you want to be ahead of the others, you must constantly improve and make course-adjustments every step of the way when you detect issues and problems that go along with pushing the envelope. |
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Hi, I found this thread on reddit. So I'm not seeing on the first page how to mine this or what time of algo it is? Can I just point cgminer scrypt or guiminer scrypt at one of the pools with the same settings I already used for doge?
Hey there here are links for the cpu miner windows https://mega.co.nz/#!qwoEUaAC!kiiJoOLHLOfXkzAG7JSq2HQA6rb9X1tPDyvAXMzAvoo for avx/aes https://mega.co.nz/#!L1YgUIwB!_Xby8q1OkZCpatrJAkm9GJXrz2vLvYCiLgIsGFB4ph8 for guiminer https://mega.co.nz/#!ftIQgKqS!znCElQCUlOnoTDUTDIS_h6wKDgxFb2Ji23biU2LI9QE darkcoin where all this is http://www.darkcoin.io/I think the links need fixing. The avx/aes link is for 1.2c (which is non-AES) - 1.3 is AES enabled. And the guiminer is the first version that didn't have the speed improvements of sph-sgminer. I think the first miner should be obsoleted, 1.2c should be the default cpu miner, 1.3 for AES/AVX and the gpu miner link should be for the latest sph-sgminer which is 20-50% faster, depending the GPU. |
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Let me tell you darkcoins potential = potential to get itself banned, exchanges taken down and other alts banned.
You assume of course that the community will fail to launch a decentralized exchange and that >150 countries (including countries which have assessed digital currency as legal) would somehow simultaneously ban the coin, preventing exchanges operating in them. How likely is that double assumption? so what youre actually investing in is nxt ? or what are you saying ? No I'm just saying that co-ordinated banning AND absence of a decentralized exchange (which would effectively workaround any ban) is somewhat far-fetched of a possibility. In a universe of infinite possibilities anything is possible of course, but is it probable? We'll see. |
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Hi, I found this thread on reddit. So I'm not seeing on the first page how to mine this or what time of algo it is? Can I just point cgminer scrypt or guiminer scrypt at one of the pools with the same settings I already used for doge?
If you have cpu, try finding the source or binaries of cpu miner 1.2c or 1.3 with AES-AVX instructions (if your cpu supports it). If you have gpu, you'll need this: https://bitcointalk.org/index.php?topic=475795.0edit: gpu miner info needs to be added to the first post. |
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AnonyMint who do you think created Bitcoin? Was it the "good" guys (common people), or the "bad" guys (aka establishment masquarading as a pseudonymous creator)?
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Several points, which I disagree with, relating to darksend integration and anonymity protections.
I'm satisfied from my own research, but I didn't see any response to the questions raised...
IMO, it's good that questions have been raised now rather than later because some people do not understand that anonymity is not something that is like a switch 0 or 1 but rather a matter of degree. Darkcoin aims to be way more anonymous than bitcoin, but that's still a degree. Given the right resources (like controlling half the devices out there by forcing manufacturers to implant them with backdoors, controlling the entire internet and telcos, having computer farms analyzing every single pattern of network activity or economic activity over the internet and a cryptocurrency network) this degree may not be enough to be called NSA-proof unless you operate with your own devices, networks etc. I mean people just now realize that what was once a crazy conspiracy theory (that laptops had cameras so that the government can watch you through them) is in fact a reality. But the degree of anonymity attained could be enough for making transactions anonymous for something like 99.99% of the lesser equipped entities, agencies, oppressive governments, local police, third parties like hackers who want to steal money from your crypto account etc etc. You may not be able to attain NSA-proof status (due to tremendous degree of infiltration in hardware, software, networks etc) without making the entire ecosystem NSA-proof, from the devices used, to every single line of software used etc etc. The same applies for privacy also. We can never attain full privacy when there is so much surveillance but we can always try to improve it by concealing whatever can be relatively easy to conceal - just like TOR tried with the IPs, even if the NSA gained ground eventually due to its resources and control of the network. I think this will be an ongoing battle where additional layers of privacy/anonymity can be introduced over time while the "agencies" will try the opposite. A battle lost is the one which was never given to begin with. And even if you can't beat the "goliath" (heavily equipped agencies) you can still beat the lesser guys (99.99% that won't be able to break through the anonymity layers). |
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Is there any mining calculator for darkcoin?
I wish we could be on coinwarz but they only have scrypt and sha-256 But though I don't know of a calculator, I can offer you this formula: Your hash rate = not enough coins  It's pretty much true for everyone  I use the following method as my rough estimation: Unconfirmed coins in the pool (=which is usually the past 5 hours of mining) X 4.8 (to make it 24 hours) = the number of coins per day based on the past 5 hours. If you find it works for you, great. I think it works for me pretty ok. |
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As I understand the situation, DRK may achieve a status of "legally anonymous", which is anonymous for all intents and purposes minus the largest players like NSA who controls all devices, all networks, serious AI pattern recognition software, etc etc. These large players will be unable or unwilling to explain their methods in a court of law, or they will have to admit all their illegal activities - which would compromise their activities around the globe. I mean, consider this: They go to a court and say we have these evidence, obtained by these illegal methods of spying every single device (that would be a "smash" for high tech exports  ), or the networks of several FOREIGN COUNTRIES (and that would cause no international uproar, lol), and some HINTS by this pattern recognition software which INDICATE (not conclusively prove) that the X amount was transferred from entity A to entity B because the wallet of A emptied by 1 DRK and the wallet of B got 1 DRK. And even if this can happen in the US, it will not happen in other countries. For example, in Greece, the right of the individual to privacy (including telecommunications) cannot be breached unless there is some SERIOUS crime. That's on the constitution. You can't just eavesdrop and use these information as ...evidence. Illegal evidence = bye bye mr prosecutor, you've just admitted to committing a crime yourself. Additionally, when say traffic is routed throughout the world, how many countries can say that they have access to all the networks in order to convince a judge that yeah that transaction went from here, to there, to there, to there, and then back to this place. And the judge will be "ok, and you know this HOW?". Parody trials where the accuser / prosecutor will not have to actually submit the evidence or methods of obtainment, is another issue altogether that is more serious than anonymizing bitcoin, darkcoin etc. |
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Let me tell you darkcoins potential = potential to get itself banned, exchanges taken down and other alts banned.
You assume of course that the community will fail to launch a decentralized exchange and that >150 countries (including countries which have assessed digital currency as legal) would somehow simultaneously ban the coin, preventing exchanges operating in them. How likely is that double assumption? I assume one look at your thread with calls for decentralized drug exchanges, now this one with hopes for pedo sites...is actually enough to get this board taken down. If i were on the darkcoin thread i would be banning these people and moderating that thread. Well, bitcoin itself has been used for weird stuff, so... it's the pioneer in a way, although the movement of funds was always transparent. I do share the skepticism in that they can use DRK to kick the other coins in the butt, but that would simply be analogous to penalizing the gun owners for one crazy guy who shot 10 people. Collective punishment type of situation. Who knows, they may even create stories of pedos or terrorists who used DARKCOIN to transact, making sure they'll demonize it in the media and then call for "regulation". Stuff can happen, yep. Effecting "bans" however, is another story altogether. |
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Let me tell you darkcoins potential = potential to get itself banned, exchanges taken down and other alts banned.
You assume of course that the community will fail to launch a decentralized exchange and that >150 countries (including countries which have assessed digital currency as legal) would somehow simultaneously ban the coin, preventing exchanges operating in them. How likely is that double assumption? |
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For every "it's you" it'd be nice if the author also provided some other great-potential coin to back their comment.
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Not necessarily. This coin diminishes depending on the difficulty. It's smart, bcause if the coin loses miners because rewards aren't worth it, the difficulty will decline and the rewards will go up. Even so, it may still take 70 years to hit the cap. what real difference will it make if the cap weren't there? Almost none. The coin would still increase in quantity WAY slower than the user base will grow. Demand will outpace coin growth anyway.
But that assumes the coin is successful.
This coin will be successful.
There are 7 billion people in this world, crypto has the potential to help those not in the most stable countries the most. There is a lot of room for growth!
No, it's necessary. You see people don't value things in infinite quantity but they do value scarcity. There is nothing which is infinitely abundant and simultaneously expensive in real-life markets. If you want to make a better monetary system than the infinite-fiat bullshit type of money system, you have to be better at the fundamentals like inflation. But I do understand what you say about practical limit vs no-cap. I understand what you're saying, but a coin like that would still be scarce. Only so many over time. It's actually the same difference really. Just like the recent change (to repair an unintended consequence of adding KGW earlier) really makes hardly any difference in the foreseeable future to investors. Gold and diamonds are still being dug up out of the ground, yet their value continues to grow. They're still a rare resource. Yep, but they are capped (finite amount) it's just that the mining process is long. However, what helps enormously, is the low inflation rate (~1.35% annual inflation of gold supply per year) and that they are valued in something which inflates at a much faster pace: fiat currency. Even if gold inflation was zero, it'd still go up because the USD supply increases and the ratio is worsened in favor of the USD (thus more USD would be needed to buy the same amount of gold). So, there we have it. |
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Not necessarily. This coin diminishes depending on the difficulty. It's smart, bcause if the coin loses miners because rewards aren't worth it, the difficulty will decline and the rewards will go up. Even so, it may still take 70 years to hit the cap. what real difference will it make if the cap weren't there? Almost none. The coin would still increase in quantity WAY slower than the user base will grow. Demand will outpace coin growth anyway.
But that assumes the coin is successful.
This coin will be successful.
There are 7 billion people in this world, crypto has the potential to help those not in the most stable countries the most. There is a lot of room for growth!
No, it's necessary. You see people don't value things in infinite quantity but they do value scarcity. There is nothing which is infinitely abundant and simultaneously expensive in real-life markets. If you want to make a better monetary system than the infinite-fiat bullshit type of money system, you have to be better at the fundamentals like inflation. But I do understand what you say about practical limit vs no-cap. |
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World's First Completely Anonymous Coin
or
World's First Truly Anonymous Coin
I had this exact same thought yesterday. Needs some differentiation between coins which claim anonymity and DRK, which is TRULY anonymous. "World's First Truly Anonymous Coin" gets my vote. Explain the decentralized, zero-trust nature of Darksend in the first post and how that is different from the current "anonymizer" features of a couple other coins. I agree with this. Way too many coins nowadays claiming anonymity based on a very loose interpretation. Many people still don't understand that the bitcoin protocol only makes tracing a hassle, but nowhere near impossible. I am also not convinced yet that Darkcoin is anywhere near impossible to prove trace for the people we really want out of tracing it. Where is the proof? I'm not saying this sarcastically like "LoL THERE IS NO PROOF!"!""111", but I actually want to read if if there is proof! IMO there can be no proof of either anonymity or safety - you try your best against a tremendous "collaboration" between the governments and the industrial complex. For example, regarding safety, including BTC and others, how do you know that every single computing device that rolls out today is not rooted by the NSA to check for things related to wallets and private keys of cryptocurrencies if, say, these received the appropriate "signal"? They've been hacking device BIOS'es and implanting them, so that wouldn't be a stretch. I mean people are using mobile wallets and I'm like WTF are they doing? I guess we'll have to wait for Snowden v2.00 to discover issues like these and discuss them openly. |
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