as explained there is a calculated coin rolloutplan for DMD for the next 30 years
and the real network coin rollout produce less coins so by fill this rollout gap
we full stick with original coinrollout plan


basical in the rollout plan above the green line POS coin rollout is weaker than estimated
(why POS coinrollout is weaker than estimated is because less people use POS and stake their coins than expected
and more coin-age is burned in transactions of "aged" coins than expected)
the reactor fill the gap so the coin rollout stay as planned



more infos are in this already given answer
https://bitcointalk.org/index.php?topic=580725.msg10294527#msg10294527

@Cryptonit and Popshot

Thanks for interesting information regarding "glowing blue" However some questions arose;

The announcement does not provide a timeframe, so when will this reactor start to stake?

When will the mandatory update of the wallet occur?

answer Q1 2015 but we hope to manage finish all parts in a few weeks maybe end of feburary
(Q1 runs until end of month 3)

When do I, as part of cloudmining, have to decide if I would like to take advantage of any slots?

answer the 3 slots we hand out to each existing shareholder of >100 shares are avaiable as long reactor isnt full (100000)
later on all slots have to be earned in a weekly competition

The earlier provided reactor staking adress does already contain DMD. Most of them were transfered to the adress before Popshots announcement. Do those coins belong to DMD foundation? In the announcement the size for each slot were said to be 500, how come there are other size of amounts on the adress?

answer the size of transactions have nothing to do with the slots slot tracking will be done in database the wallet itself just run POS mode and end of each week the amount of coins above 100000 in the wallet is split following the reactor rules

answer: the reason why we already filled part of reactor with coins to start grow coin age
if the whole reactor fills until launch with cloudmining investors DMD then there will be only foundation DMD in for the first 10 weeks (25000 dmd)
we cant hand out that low duration slots as reward for longterm dmd supporter
if reactor dont fill up with following the stated rules sets we will find ways to give interested people a chance to place in more coins
i understand there are people following the mindset we send coins the last day possible (which involve always the risc that late might be to late)
basical that is abuse the other people who send earlier and help the reactor build up coin-age
same like a last day of month investment into DMD cloudmining to get the full month reinvest shares
but thats the way some humans are we cant change mankind...

Cryptonit, you said



Does that mean that in the new mandatory wallet update, the only changes to the POS code is the acceptans of this new "reactorstaker adress"? Does is mean that the amount of POS blocks will be the same as they are today? Or will there be a larger amount of POS blocks?

Will the reactor stake under the same conditions as all other "normal" wallets, eg split stake, groupstake mechanism, maturity time etc? Or are there any differences in the reactorstaking mechanism compared to what you previous stated here?

answer the plan is that reactor pos works same as other pos only higher rewards
a change in POS blocktime will be dicussed maybe we go from 600sec to 300 sec
initial we chose the high blocktime to make sure there will be ablways wallets who have unspend coin-age who try to create a POS block
as we see now that a lot people support the POS security of network with 24/7 wallets we consider to decrease blocktime a bit to raise the percentage of POS blocks at coin extraction

http://bit.diamonds/community/index.php/topic,46.msg376.html#msg376


Cryptonit, could you please explain in other words what you mean in your quote below. I do not understand what you mean by 100 weeks and so on.

didnt find sleep had to announce it on linkedin too
https://www.linkedin.com/pulse/dmd-diamond-reactor-helmut-siedl

yes it requires a mandatory wallet upgrade for everybody
so basical any wallet in network have the code integrated that says
yes this special address can sign  POS blocks a 4x normal reward rate and its perfect fine

no weakness no modified wallets which could abuse something

security is one of our main focus topics

thats the reason why we not adopted shitload of the endless existing gimmicks for bitcoin based wallets

simple is beautiful
AND
simple is secure!

bed time in austria close to 02:00 in morning

thx reactor u stole my night 

emails will be answered tomorrow

we full of plans 
reactor isnt the end

but some stuff need time and some stuff seems to arrive never

we still waiting for that 3rd party service that is full utilizing DMD since early december.....

who know if it ever will arrive....

we working on a few great ideas and we are in talk with lot people in the business

alex is doing a great job in networking and connecting us with people in cryptobusiness

its just a matter of time i hope until his work will be rewarded with a investor and some cooperation on big scale projects

regarding UNO im not up to date they are not in my research focus

i guess alex said something about them to fish in same lake and try to be a storage coin

but in fact that lake is really big we can share 4 billion people for DMD and 4 billion for UNO 

fact is its crypto business
like everywhere here u should consider ur investment lost the moment u send it  
thats the only way u can take part in crypto investments and dont have sleepless nights
and this mindset also protect u to NOT risc money that u cant afford to lose

what i can guarantee u all is the same we did always guarantee since we take over DMD and thats since december 2013
that we dont leave that we dont stop to work for the coin and its success

we wouldnt have created reactor if we didnt belive that it is a major step forward for the coin stability mechanism of DMD

there where other options how we could have react to the gap in coin rollout

we could have readjust the POW rate after 1000000
we could have increased the POS for everyone a bit
we could have accept that our 4.3 million coins need more than 30 years to be generated

none of the above would have any real positive effect for DMD longterm

SO we choose to go a path that is unique and in the way we do it never done before
and its a path that support coin stability by secure the network with a big 24/7 staking wallet
and the price by give dmd cloudmining investors a incentive and additional rewards

Hi cryptonit
Just a quick question/s to clarify some details.

As I understand it, there is 200% POS reward for the duration in the reactor, so put in 1500 DMD receive ~3000 DMD by the end of the reactor period (40 weeks).  Of that expected return, half(~1500 DMD) is paid to your Cloudmining DMD address. The other half is converted to BTC and reinvested as Cloudmining shares. Is that more or less correct?


Are these staking rewards paid monthly, weekly or otherwise?



And last question, when DMD price increases will BTC conversions occur at current market rates at time of earning staking rewards?

Regards

chilo
 











 

i case which i dont expect that the reactor dont fill up following the 3 slots limit we will hand out more slots to people who are interested (prefered cloudmining shareholders)

utah u confuse me
how u come to this strange conclusion it doesnt compete for POS?
its a normal wallet and it POS like a normal wallet
the difference is its POS rewards are multiplied with 4

i said the coins that are in reactor and POS there are not in a private wallet and POS there
so the reactor itself dont create more competition for POS blocks


if if bob and alice and reactor have a wallet and compete for pos each one with 3 pile of diamonds
then 9 pile of diamonds compete in the network for pos blocks


if now bob and alice decide to give one pile each to the reactor then bob have 2 alice have 2 and reactor have 5

and in total still 9 piles of diamonds compete for pos blocks

@poketex very kind from u but if u wana send me DMD u have to use another address  
in fact i dont even have access to the wallet only 2 people have
the wallet dev and the cloudmining dev
we take security serious we know once DMD are 10$ each there is a lot value in reactor and we already prepare the security now fitting to this
i can gurantee it wont run on a webserver or somehow external reachable server

its only connection to the world is the single port of DMD network its possible we run it through a IP masking solution too so no one ever will find the reactor wallet

reactor is a single wallet address managed
by diamond foundation and like every wallet address visible in block explorer

there will be a new wallet released but it wont include special pos rules for anyone beside the reactor address

the release of wallet is still a few  weeks away

we start fill the reactor now so the coins start gathering coins age

no fear there is still plenty of room
https://chainz.cryptoid.info/dmd/address.dws?dXy7o5vdbHYhozeiNCWUyziJM8JaLYe35H.htm

eamail cloud@bit.diamonds so i dont miss u

there is no special wallet just a special address

first come first served

if the reactor is full the slots have to be earned by being one of the 5 winner of weekly competition
so i can only gurantee the 3 slots for existing investors as long as slots are available

there is no such thing as disadvantage by minting difficulty
if ur coins wait longer u earn more rewards because they became older

coins that are in reactor are not in a personal wallet and staking there
so there is no change in the amount of coins that compete for pos blocks

from same place as coins for 50% stake are coming from

u are first congratz!

to make one think clear
we fill the reactor now but is not active now

coins need to gather coinage before we turn on the reactor
and a new mandatory wallet release will be done before we set reactor active

hint:

regarding Diamond Reactor is the term "existing cloudmining user with over 100 shares"
for sure including ALL investors from jannuary (maybe first february weeks too but then u would miss free reinvest shares end jannuary)

there is no improved staking in 2.0.4.1
(its a dev version that runs on a few nodes from daniel since ages not related to reactor)
improved staking is nothing that can be done in a modded wallet
all wallets in network have to agree

reserved

NO Electricity Bills                                
  NO Maintenance                                    
    NO Heat                                                
      NO Noise                                              
        NO Timesink                                        
          NO Complicated technology                
            NO Quickly decreasing mining rewards

Join DMD Cloudmining
     -> EARN DMD EACH DAY!
                    
                   YES!

(additional u can qualify for a Diamond Reactor slot!)

Visit us:  cloudmining.bit.diamonds
for terms & conditions Email us: cloud@bit.diamonds
      


What's the best way join into DMD Diamond and DMD Cloudmining?

I suggest split it as follows:

 a) 50% on buying Diamonds directly
 b) 50% in Diamond Cloud Mining.

 This way I could achieve both maximizing the profit and stabilizing the coin.
 Diamond Cloud Mining can earn Diamonds every day, those Diamonds stake with 50% PoS interest.
 Some would call that Double PoS or simply PoS² (Proof of Shares and Proof of Stake).

I am not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker or Financial Planner. The Information is provided for information purposes only. The Information is not intended to be and does not constitute financial advice or any other advice, is general in nature and not specific to you. Before using this information to make an investment decision, you should seek the advice of a qualified and registered securities professional and undertake your own due diligence. None of the information is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. DMD Diamond is not a regulated investment vehicle. DMD Diamond, like all crypto currencies, is experimental in nature and should be considered and treated with appropriate caution. There is no central point of control or representative entity, DMD Diamond is a distributed decentralized peer-to-peer currency and commodity. Consult a licensed professional financial advisor before making any investment decisions. I am not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.