|
info cloudmining:
all cloudmining users got today beside their daily normal payout round
one or more small dust payouts
this had technical reason implementing & testing a urgend code adaption
reason because now with mine for shares its possible that some people have a very low ammount of shares
this required some code changes to make sure this micro shareholders dont affect payout rounds negative
we will adapt terms of services in a way that we can buy from very small dust share accounts
(which stay below 20 shares for over a month) the shares with a convert shares to DMD final payout
all accounts with above 20 shares will be not affected
|
|
|
|
not new but i needed the info and had a hard time to find it it very important for pools and exchanges and wallets with a lot transactions that u are able reduce the automated generation of change addresses by set a dedicated change address dGwSYfqEpV8Map4jscwvaQawRziPStoAjz The new change address functionality.
Diamond v2.0.4 brings new functionality to reduce wallet bloat. I will repeat the premise and reasons here with introduction to the interface.
The Bitcoin protocol is designed in such a way, that when you send coins, you almost always end up with some 'change'. This happens, because the protocol operates on 'amounts' (that you either generated, received or were result of such 'change' operation). The amounts, unlike fiat currencies are not in set number of denominations. Instead, each Bitcoin 'amount' is an number of "satoshi" represented as a number with many decimal places. When you send some amount to someone, a subset of your existing coins is picked up (either automatically, using rather primitive algorithm, or manually via coin control). The total sum of this amount being X is chosen to be larger than the amount you wish to send plus any fees. When you send the amount Y, the remainder, which is Z = X - Y is sent to a new address, which is specifically created for the purpose to hold your 'new change'. The idea here is to assure you of anonymity for your cash flow, because nobody could know which is the sent amount and which is the change. Which in essence 'sits' in your own wallet, because you now have new keys to claim it.
The Bitcoin wallet assumption and claims of privacy are however not always true, as (because of the way amounts in the wallet are chosen) it is often trivial to track whose the change is. From now on, we will talk about Diamond, but please bear in mind this is fundamental protocol principle inherited from Bitcoin and present in virtually all crypto coins.
In summary, imagine you have received an amount of 500 DMD. You believe you have just one Diamond address in your wallet (where you received that amount). This might be the case until that moment. But, one day you decide to send someone 10 DMD. The protocol has no way to subtract from the amount you have. Instead, it needs to destroy the old amount and create two new amounts. Actually three: the amount you wish to send, 10 DMD, the fee, usually 0.001 DMD and the remainder, the change 489.009 DMD. While performing the send operation, your wallet creates a new Diamond address and sends the change there. Now, you have two new addresses in your Diamond wallet (it has grown with the required records). With every send you do, this is repeated. Now, the Diamond wallet makes things convenient for you, and hides these 'change' addresses. You might have thousands of them, and not be aware. As a result, your wallet is working slower and slower -- this includes everything, from opening it to sending to PoS.
Coin control we implemented some time ago lets you select the change address. But this only works in the GUI and is not very convenient. It is also completely useless for pools and exchanges that are the primary victims of wallet bloat. This is why this new functionality was necessary.
The new functionality provides two interfaces:
1. A command line option, -changeaddress which is also available in the configuration file as changeaddress= that lets you give the Diamond address you want the change to go to. This can be an address in the same wallet, or elsewhere. You specify this option/parameter at start up time.
2. A pair of getchangeaddress/setchangeaddress RPC commands that let you programmatically control the change address and also clear it. The commands are as follows:
getchangeaddress
returns the current change address, or nothing if there is no address set.
setchangeaddress DiamondAddress
sets the change address, or if the address is given as '' clears it. You can also clear an change address that was set via the command line of configuration file.
Having an change address set up for the wallet makes the change in any future send transaction go to that specific address. No new addresses are created in the wallet and there is no more bloat.
Unfortunately, this functionality does not 'clean' your existing bloat. We are working on that, but not yet done.
|
|
|
|
How many coins is the reactor making per day?
We should see the first payouts at the end of this month, it takes some time for these coins to age in that large pile to be able to min properly. It should make about 3k per month for now, divided among cloud shareholders. POS is 50% per year at current rate, we have 70k coins inside, so 35k per year. This is again rough estimate. Once DMD price reaches $1, its gonna be a nice addition to cloud mining payouts. Make no mistake, we WILL see that day. Consider this: minimal clodmining investor of 100 shares divided by total shares of ? What is the return yearly or monthly and how long to ROI in equivalent DMD not $. Again this only favors the huge investors in clodmining ... I'll still get DMD on my own mining direct and buying at LOW buy orders and do better. My aim is to have high DMD staking in personal wallet  (Already #65 rich list) I'll move to investing another coin most likely when buying is not reasonable to me because of high price. My reasonably large wallet of DMD will stake only. What are u left with, mostly cloudmining buying. Ever decreasing DMD input from BTC->DMD as price rises to cloudminers. Meanwhile my direct mined DMD cost remains fairly constant even when block reduction occurs (diff will drop dramatically I'm sure). Currently mining at a LOSS but this is an investment and I will recoup it easily when price rises to where it is expected to be in 5-10 yrs with just selling stake minted coins. Who said they did not consider a DMD investor is absolutely wrong LOL (C). Those that are invested in reactor for 12 months, sorry the PnD action will begin when price skyrockets at block reward reduction  utahjohn i full agree someone with as many time as u can care for every little detail on his own someone with a bit less time can invest in cloud and contribute in reactor and he dont have to care about anything not even send his coins into minting diamond have a place for both mindsets micromanage every detail urself or invest very less time and let foundation work for u what i dislike about u postings is that it make people who go the other path look like they did something wrong which is defiantly not the case if someone invest in cloudshares and choose the correct amount for reactor contribution (same percentage in reactor as u hold of cloudmining shares) then u have foundation work for u in a ideal setup there are people who bake bread at home maybe they think it taste better
but does that make all the people who prefer buy their bread at a bakery act wrong?
who are we to decide if people should bake at home or use the service if a bakery we give the possibility and people can free choose |
|
|
|
...wheres the link to sign up for cloud mining? cant find it
register a real wallet at https://cloudmining.bit.diamonds/activate settings area activate convert BTC to shares mode send BTC or mine via multipool the BTC u did send (mine) will be converted into DMD Cloudmining shares (1 shares for each 1$ value) (in this process u get mailed to u the terms of services as mail that describe all when u check the activation box) if u use the DMD multipool without activate the convert BTC to shares option will get their BTC converted towards DMD |
|
|
|
I have sent you some hard mined 250 DMD made with Ökostrom  thats the most valueable dimaonds created with clean green power only diamonds out of reactor are even more honest created by dedication and faith in a process that is above pure greed for profit thx for support reactor at 70250 DMD! he will start minting soon we expect to have a first reactor based bonus payout for cloud at end of february |
|
|
|
The price s going up even without that press release, this going s going to be big.
Do we have another goal for the reactor? 75k maybe? Or is this enough for now?
reactor dont close gates people can join always with new contribution the longterm aim would be keep it at 10% of total coins so 430k but we have 30 years to reach that |
|
|
|
already 70k in reactor that is over 8% of total coins! https://chainz.cryptoid.info/dmd/address.dws?107821.htmthis will be the biggest 24/7 wallet and as such a backbone of POS securitry thx to all who contribute! still possible to join in this reactor have endless capacity everyone can join in whenever he want minimum 500 dmd we start to fill reactor dXy7o5vdbHYhozeiNCWUyziJM8JaLYe35H now
please PM me when u send coins with tx id and
for option1 the address coins send from is the address coins returned after 12 month
(if u dont accept bounty that we might offer for lend longer after 12 months)
for option2 make sure u tell me what dmd cloudmining wallet should get the shares added
as value i use always last visible price from here
http://www.cryptocoincharts.info/pair/dmd/btc/cryptsy/6-months (this is a average price)
http://www.cryptocoincharts.info/pair/btc/usd/cryptsy/6-months (this is a average price)
to calculate the amount of shares
------------------------------------  for now we have "lend" coins option 1 35k helmut/cryptonit deposit received 10k alex/popshot deposit received 2.5k anonymousG deposit received 2.5k chilo deposit received 1.5k Eliano deposit received 5k anonymousA deposit received 1.5k stoody deposit received 1k anonymousI deposit received 0.6 anonymousD deposit received 0.25 stillontop deposit received and invested coins option 2 2.5k anonymousG deposit received 3.3k anonymousJ deposit received 1k chilo deposit received 2k anonymousA deposit received 1k lecaillou deposit received 0.6 anonymousD deposit received -------------------- total 70.25 k ------------------- |
|
|
|
Hello cryptonit, I would like to contribute 250 DMD for Reactor Light, Option 1. I don't have 500 DMD. Please tell me if it's okay, or if it's not possible. Thank you.
what are rules without exceptions? ur contribution is welcome |
|
|
|
hint for traders: if some of u like to trade keep an eye on https://www.cryptsy.com/markets/view/DMD_XRPit seems there are some people who own ripple and not bitcoin which buy DMD without compare price with BTC market today as example they paid $0.42 each DMD thats more than double price on BTC market so if i like to trade set up some bots and earn on price difference between DMD/BTC and DMD/XRP market  |
|
|
|
IP will be posted here at least 4 hours before the server goes live. (The password won't change.) this pic make me sad i didnt join the knights i was a big fan of prinz eisenherz (Prince Valiant) as kid |
|
|
|
|
good luck!
i did keep my ERC in hope someone revive it
the name alone is worth a lot and add a good idea this can go far
|
|
|
|
|
1200 dmd to go at reactor to make me add another 5k
time until sunday
|
|
|
|
Why are we not on the largest exchange of them all , Bittrex?
Vegas
we where in talks they said they fear community dont leave cryptsy and they prefer new coins they love to invite new coins profit on their pump and dump and throw away coins after they died i guess some longterm stable coin like DMD doesnt fit to that business modell..... but everyone welcome to ask a exchange where he want to trade DMD to add us diamond is yours same as it is mine so we can expect u to work for it same as i do want something done - > do it! |
|
|
|
silence in a way like what is he talking about?
research bitcoin 2.0 and evertime u hear bitcoin replace it in ur mind with diamond............
happy researching
hehe I'm sure many people understand, I guess they just wait to know more about the project ;-) for details its to early but as community teached us they dont want a surprise they wana know the big picture so we listen we present u the big picture  |
|
|
|
|
silence in a way like what is he talking about?
research bitcoin 2.0 and everytime u hear bitcoin 2.0 replace it in ur mind with diamond 3.0 ............
happy researching
|
|
|
|
a impression of the future DMD as base of a lot of apps and services running on top of it  |
|
|
|
explanation because someone asked layer2 = assets / smart contracts / blockchain powered apps / and more..... 
hard work of alex starts bearing fruits
everything is going with the plan so want to share exciting news with u
the layer2 project will happen
we found a cooperation partner who will also host apps on top of it + more
but as i said it will be a few months development time
the exact details what solution we follow are not decided
but it will be a layer2 solution that use DMD blockchain to store its data
and a direct interaction between layer1 DMD and layer2 will be possible
the layer2 coins will be available for DMD
exact details how we handle that will be worked out but we decide against a burn coins path
i wana make clear i dont wana create a hype the time until stuff will be visible
is long enought that everyone will have a chance stock up his DMD in preparation |
|
|
|
hard work of alex starts bearing fruits
everything is going with the plan so want to share exciting news with u
the layer2 project will happen
we found a cooperation partner who will also host apps on top of it + more
but as i said it will be a few months development time
the exact details what solution we follow are not decided
but it will be a layer2 solution that use DMD blockchain to store its data
and a direct interaction between layer1 DMD and layer2 will be possible
the layer2 coins will be available for DMD
exact details how we handle that will be worked out but we decide against a burn coins path
i wana make clear i dont wana create a hype the time until stuff will be visible
is long enought that everyone will have a chance stock up his DMD in preparation (a impression of the future DMD as base of a lot of apps and services running on top of it) |
|
|
|
good I wonder how many coins you have to have in the portfolio to earn some decent mined in the portfolio  100 to earn 50 in 12 months multiply the 100 with as much as u want the 50 to increase |
|
|
|
|
Show Posts
