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541  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 12, 2014, 12:54:08 PM

Ring signatures are going to be implemented in V2. I will begin development immediately after I opensource V1.

How do we compete against clones? Can they clone me? I work on this full time. In fact, I've only been at it four months. So far I've implemented DarkSend + X11 + DGW + Masternode payments. Plus, I've agreed to work on this project till at least Jan 2016 full time. So who on earth would invest in a clone?

That is HUGE!! Please also consider IP obfuscation in some release.

Do not give in to these calls for open source. AnonyMint made a great post on the Monero thread about all of this open sourcing. Let there be a big merchant adoption phase first Smiley

I2P support for the masternode will be included AFAIK.  

As for opensource, it will be very hard to increase adoption of an anonymous currency if the conversation starts with... "you don't need to see the source, trust me this solution is completely anonymous".
542  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 12, 2014, 12:35:15 PM
I love all anonymous coins and I have been watching some of the constant FUD that one or two people are doing to Darkcoin.

Cryptohunter, who can be found on the first page of this coin launch! Imagine if you knew how to operate on Linux.

r0ach, is a coin cloner too according to some and is most likely ILuvAnoncoin and ac2 among many other userids.

reRaise who is from quarkcoin team which for some reason is very pissed off at darkcoin.

ymer  who is not very good at trolling and is one of the better laughing stock compared to others.


DRK community doesn't handle FUD correctly, the way BTC/LTC/DOGE etc handle even though the community has been here for 4-5 months.

Don't stop before sharing the correct way...
543  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 12, 2014, 12:08:40 PM
12% of all the darkcoins that ever will be was instamined by Evan a couple of his friends on day 1.

What kind of dev launches a coin without a windows wallet?

I got into this coin because of the technology. Maybe you don't understand investments, but what matters about them is how much YOU own, not how much everyone else owns.

Thanks for advising is that the coin wasn't launched with a Windows wallet. That is about number 100 of my list of concerns right now but I appreciate it's pretty high up on yours.

So here's what I suggest you do - go back to the [ANN] archives and spend a week compiling a list of all the coins that were launched with Windows wallets and then go and plough some BTC into them. Might make you rich  Wink



You're missing the point...
It's fine that you don't mind, that you are biased and this nasty little FACT doesn't bother you.

But how do you think this will play out in the media?

This coin is tainted, permanently. I'm glad that Evan is pushing the boundaries on technology, but darksend can not have any real traction until it is open sourced, and the moment that happens, several clones will pop up. They won't have dodgy names and branding like 'dark' coin, and they will have a zero premine, zero instamine, fair launch.

And how will they market themselves? As the privacy centric coin that is not a scam like that darkcoin.

Will it bother you then?

Anybody who trusts a thoughtless, clone coin dev to fix issues and/or develop new features to improve and further cryptocurreny annomonity with their money deserves whatever may befall their investment.

Btw, the number was closer to 1.7mil over the first 48 hours and by doing some basic address analysis on the blockchain it is known that it has long been distributed.
544  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 12, 2014, 10:54:54 AM
we'll reach minimum block reward sooner / the total number of coins will bottom out....

My only concern is that this behavior will result in the DRK network never having the momentus hashrate that makes other blockchains untouchable.

One 3TH/s ASIC would rape the whole network instantly. I'm not saying that X11 = SHA256 Double Round. But that ASICs are inevitable with anything that catches on enough to have value. We all hope it catches on simply because it's a good idea. But the value that comes with it will drive ASICs into X11. DGW3 certainly discourages it as the network hashrate is already reaching minimum with a few dozen GPU rigs... But it might be stifling it so much that the network will never have appreciable hash defense.

If say, guvthugs decided to build just one "X11 Neptune" of their own, DRK breaks. None of this "buying masternodes" crap arguments. They really could buy all the hashpower they need without touching a GPU or the markets simply by building one custom ASIC. Dev cost on that is a few million bucks in bureaucracy free-to-them taxed money.

This is why ASICs are actually a good thing for a coin. If you don't let your coin become an ASIC coin, then it takes one fat wallet to make one for themselves and your coin is borked. If your coin isn't using them, then it becomes a nuke they can drop on it.

My hope is that DGW3+X11=ASICs still happen, but the reward is low enough that the ASIC's price will have to be sensible enough that anyone can buy it, thus avoiding centralization. But, that doesn't seem to be what is happening. If a coin stays GPU/CPU mine-able, then a clandestine FPG or ASIC becomes a cheap (in the eyes of it's creator who has way deep pockets) saboteur. You MUST let your coin escalate into ASICs or it's doomed by anyone who can afford to make The Bomb.


Considering that summer is around, scrypt asics disastrous tape-out (nevertheless here), DRK price increasing, we will have TH network well before anyone actually sits down for an x11 blueprint. Then, by year end, LTC will be beat down like a dead horse, so all the Gridseends, A2 Innossilicon bla bla bla will just switch gears to profit... so x11.

Litecoin will drop massively, rendering all scrypt ASICs "profit-money-cow-obsolete".

Actually, someone did announce the world first x11 ASIC a few pages back...

Why would the DRK hashrate get any higher at this point? It's already bottoming-out the reward. Why would anyone mine it? I love DRK and I'm not mining it. I even gave my video card to my son so he could mine with it (he uses windows), and he's getting bunk out of it. It's not even worth the time of typing the command.

My point is that DGW3 may be too harsh. If your coin doesn't use ASICs, a single custom unit can be produced by deep money that hates you and your coin is dead.

If it already makes no sense to buy GPUs to mine DRK, no one will make an ASIC for profit. That leaves the door open for guv to make The Bomb and drop it on every X11 coin there is. Your network HAS to have ASICs on it, or it'll never have the hashrate to save itself from those who can make The Bomb.

I very much like the idea that mining stay in the hands of the common folk and well distributed. But that would have to come from a reasonably priced ASIC, not the avoidance of them. Being anti-ASIC makes a coin vulnerable in the long run. Essentially, it kills itself the moment it succeeds. The diff needs to allow for ASICs, but force them to be affordable. I really hope DRK/Evan has struck that chord, but it doesn't look like it...

I am not sure if I understand the concern.  Price, difficulty (i.e. net hashrate), and popularity go hand and hand since this is a free market.  If DRK becomes popular enough for "govthugs" to even entertain the idea of developing private ASICs then the price must be MUCH higher and thus profitable to mine (even at a 5 coin reward).  

Also, DGW3 is not necessarily related to the block reward.  That formula could be changed while leaving DGW3 alone.  (still would be hardfork though)


Why wouldn't it get higher? Just because we get nearer to the minimum reward?
1. More people getting interested in DRK -> more miners -> higher Hashrate.
2. More people getting interested in DRK -> price rises -> mining becomes more profitable -> higher Hashrate

These are fundamentals of Crypto in General and they won't change just because we get closer to the minimum reward which is also in direct correlation to the TOTAL number of coins ever minted! Meaning you will mine less coins but those coins are scarcer!


Exactly this! Well put. Hashrate, popularly and price are linked.
545  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 12, 2014, 10:44:55 AM
we'll reach minimum block reward sooner / the total number of coins will bottom out....

My only concern is that this behavior will result in the DRK network never having the momentus hashrate that makes other blockchains untouchable.

One 3TH/s ASIC would rape the whole network instantly. I'm not saying that X11 = SHA256 Double Round. But that ASICs are inevitable with anything that catches on enough to have value. We all hope it catches on simply because it's a good idea. But the value that comes with it will drive ASICs into X11. DGW3 certainly discourages it as the network hashrate is already reaching minimum with a few dozen GPU rigs... But it might be stifling it so much that the network will never have appreciable hash defense.

If say, guvthugs decided to build just one "X11 Neptune" of their own, DRK breaks. None of this "buying masternodes" crap arguments. They really could buy all the hashpower they need without touching a GPU or the markets simply by building one custom ASIC. Dev cost on that is a few million bucks in bureaucracy free-to-them taxed money.

This is why ASICs are actually a good thing for a coin. If you don't let your coin become an ASIC coin, then it takes one fat wallet to make one for themselves and your coin is borked. If your coin isn't using them, then it becomes a nuke they can drop on it.

My hope is that DGW3+X11=ASICs still happen, but the reward is low enough that the ASIC's price will have to be sensible enough that anyone can buy it, thus avoiding centralization. But, that doesn't seem to be what is happening. If a coin stays GPU/CPU mine-able, then a clandestine FPG or ASIC becomes a cheap (in the eyes of it's creator who has way deep pockets) saboteur. You MUST let your coin escalate into ASICs or it's doomed by anyone who can afford to make The Bomb.


Considering that summer is around, scrypt asics disastrous tape-out (nevertheless here), DRK price increasing, we will have TH network well before anyone actually sits down for an x11 blueprint. Then, by year end, LTC will be beat down like a dead horse, so all the Gridseends, A2 Innossilicon bla bla bla will just switch gears to profit... so x11.

Litecoin will drop massively, rendering all scrypt ASICs "profit-money-cow-obsolete".

Actually, someone did announce the world first x11 ASIC a few pages back...

Why would the DRK hashrate get any higher at this point? It's already bottoming-out the reward. Why would anyone mine it? I love DRK and I'm not mining it. I even gave my video card to my son so he could mine with it (he uses windows), and he's getting bunk out of it. It's not even worth the time of typing the command.

My point is that DGW3 may be too harsh. If your coin doesn't use ASICs, a single custom unit can be produced by deep money that hates you and your coin is dead.

If it already makes no sense to buy GPUs to mine DRK, no one will make an ASIC for profit. That leaves the door open for guv to make The Bomb and drop it on every X11 coin there is. Your network HAS to have ASICs on it, or it'll never have the hashrate to save itself from those who can make The Bomb.

I very much like the idea that mining stay in the hands of the common folk and well distributed. But that would have to come from a reasonably priced ASIC, not the avoidance of them. Being anti-ASIC makes a coin vulnerable in the long run. Essentially, it kills itself the moment it succeeds. The diff needs to allow for ASICs, but force them to be affordable. I really hope DRK/Evan has struck that chord, but it doesn't look like it...
I did some calculations, and unless I'm mistaken, assuming block reward goes down to 5 within the next days and diff stays there from now own, we won't even see the 11M coins, more like 10M coins ... (hopefully someone will review the calculations and confirm


Currently there are 4,268,791DRK, and the coin halves every 2 years, that means next halve will happen after 353,283 blocks, that will be after 613 days more or less, so by Jan-Feb 2016 we will have 6,035,206 DRK. After that, as follows:

Feb 2018 +1,766,415 = 7,801,621
Feb 2020 +1,051,200 = 8,852,821
Feb 2022 +525600 = 9,378,421
Feb 2024 +262800 = 9,641,221
Feb 2026 +131400 = 9,772,621
Feb 2028 +65700 = 9,838,321
Feb 2030 +32850 = 9,871,171
Feb 2032 +16425 = 9,887,596
...

So, unless I calculated it wrongly, it looks like the cap will be around 10M, even if block reward needs 1 or 2 months to end up at 5, we are in any case talking about less than 11M DRKs.

The coin does not halve every 2 years.  The block reward decreases 7% every year. There will be about 11 millions coins minted from the point we reach and stay at the 5 coin reward -- check the chart posted a few pages back.  That was originally from Evan.  
546  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 12, 2014, 07:25:44 AM
@Tante: you`re not causing trouble at all! In fact, you are explaining very well the technical details to non-IT-people like myself! Thank you!
So, 22 Million is the definitive maximum and about 14 Million is the minimum? Those two numbers do not change regardless of what the hashrate does, correct?

Yes, correct, though those numbers are not exact, just rounded ;P

Not to be rude, but I think your response is a bit misleading. For one, 22 million is not a hard maximum and I think your 14 million number is a bit low.  The key about that chart is the kink in the red line which represents when it was assumed that we are consistently at the 5 coin reward.  The line behaves smoothly after that point because the only remaining effect is the 7% yearly reduction.  

After that kink 11 million coins are going to be minted.  We are at 4.2 million now-- meaning a hard minimum of 15.2 million.  Furthermore, I doubt we are going completely lock into 3000+ minimum difficultly in the next week or month (average is about 1500 now) so I think 16 million is a better minimum estimate.  

Also, if for some reason DRK gets unpopular or somebody makes a DRK-buying multipool or whatever then I think there is a chance of exceeding 22 million -- though I will agree that is unlikely.

@ Macno

All you have to remember is the faster DRK gets popular (in terms of net hashrate) is the slower it is minted.  Also, only 11 million coins will be minted after the point when the minimum difficultly (DGW difficultly adjustment is sinusoidal) is consistently above 3000 -- which is probably still a ways in the future.
547  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 11, 2014, 11:16:22 AM
What is this hard fork shit in 3-4 days?

Its purpose is to pay the masternodes 10% of the mining reward for the service of administrating DarkSend transactions.  (that is listed in the first post btw).

Oh yeah, the hardfork was announced on May 1st.  
548  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 10, 2014, 12:52:07 PM
2.8 MH on 780 Ti is impressive.


Not for ~£500 it isn't.  Tongue

Yeah, but it is better than a 290x which is NOT what you'd expect.  In gaming (since these are GPUs Tongue) those two cards are about equal (780Ti maybe 5% faster) and for scrypt and sha256 -- Nvidia and AMD cards that are about equal for games meant that the AMD card was MUCH better at mining.  So either than is not the case for x11 or the AMD GPU miner software is very poorly optimized.  

The new breed of Nvidia cards are actually really good in terms of hashrate/Watt. If 750ti cards produce 1.4MH per card, that's even better than expected since they only produce ~300kh in scrypt. And they consume around ~80W per card at load. Will be trying this for sure.

The 750Ti is Maxwell (the new gen) and the 780Ti is Kepler (same as Titan, the 680, 780, etc.) which is the old generation which paled in comparison to AMD cards.  I'll admit to being a gamer so all of this kind of second nature to me, but if you check the site Anandtech for the GPU arch differences between the 750Ti and the 780Ti you can find supporting information.  

In short, you are correct that the Maxwell arch (750Ti) is a very good perf/watt mining card, but until x11 -- the Kepler arch (780Ti) has not been compared to AMD cards.  

 and THIS is the only rational argument why x11 is not optimised.

Well I don't want to start anything, but seeing at 780Ti @ 2.8Mh/s is shocking when the 290x gets about 2.5Mh/s.  Of course, maybe it was overclocked or highly tweaked.  You could get a 780Ti into the 600~700Khs range in scrypt with a hefty OC and tweaking of core/mem clock ratios as well as optimizing the cudaminer settings.  I won't claim to be an expert on how x11 responds to Nvidia OCing or settings in the newly released miner.  Tongue  The hashrate just caught my eye is all...
549  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 10, 2014, 12:36:53 PM
2.8 MH on 780 Ti is impressive.


Not for ~£500 it isn't.  Tongue

Yeah, but it is better than a 290x which is NOT what you'd expect.  In gaming (since these are GPUs Tongue) those two cards are about equal (780Ti maybe 5% faster) and for scrypt and sha256 -- Nvidia and AMD cards that are about equal for games meant that the AMD card was MUCH better at mining.  So either than is not the case for x11 or the AMD GPU miner software is very poorly optimized.  

The new breed of Nvidia cards are actually really good in terms of hashrate/Watt. If 750ti cards produce 1.4MH per card, that's even better than expected since they only produce ~300kh in scrypt. And they consume around ~80W per card at load. Will be trying this for sure.

The 750Ti is Maxwell (the new gen) and the 780Ti is Kepler (same as Titan, the 680, 780, etc.) which is the old generation which paled in comparison to AMD cards.  I'll admit to being a gamer so all of this kind of second nature to me, but if you check the site Anandtech for the GPU arch differences between the 750Ti and the 780Ti you can find supporting information.  

In short, you are correct that the Maxwell arch (750Ti) is a very good perf/watt mining card, but until x11 -- the Kepler arch (780Ti) has not been compared to AMD cards.  
550  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 10, 2014, 11:49:14 AM
Why does dark need fork, what changes ? No info in 1st post..

To enable the proof of service part of the coin, in other words, for payments to the masternodes.  People who setup up a masternode (requires 1000DRK to be held in stasis) get 10% of the mining reward.  The masternodes will administrator DarkSend transactions which is this coin anonymity feature.  
551  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 10, 2014, 11:27:15 AM
2.8 MH on 780 Ti is impressive.


Not for ~£500 it isn't.  Tongue

Yeah, but it is better than a 290x which is NOT what you'd expect.  In gaming (since these are GPUs Tongue) those two cards are about equal (780Ti maybe 5% faster) and for scrypt and sha256 -- Nvidia and AMD cards that are about equal for games meant that the AMD card was MUCH better at mining.  So either than is not the case for x11 or the AMD GPU miner software is very poorly optimized.  
552  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 10, 2014, 07:33:28 AM
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.pdf

PS. 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.




Agree completely.  The main reason I invested in this coin is not because DarkSend per say, but because Evan is dedicated to improving the anonymous solution that will be used with Darkcoin now and in the future -- whether that takes us to ring signatures or something else entirely.  

... And while I am not a big fan of tease posts (they tend to lead to unfulfillable expectations), according InternetApe it seems Evan already has some very impressive improvements in the works.  
553  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 10, 2014, 06:28:11 AM
It is already a known fact that Darksend will come with I2P. Also, if I remember correctly, some community members were also working on tor integration.

Plus, I'm implementing I2P into the masternodes. We're going to have our own private network just for DarkSend.


2. Why not do it now?  Well because you can't leave DarkSend in beta ad infinitum while Evan is continually trying to catch up to the "cutting edge".  At some point it has to be open sourced and released - and when it is... it will the best open source, fully released anonymous cryptocoin solution at the time.  If you know of any other anonymous coins that are not in alpha, beta, testing, brainstorming, or some other preliminary phase then point them out.  AFAIK, there are none.  


The odd thing about CryptoNote is that it's actually pretty old (by cryptocurrency standards). The first coin to use it was Bytecoin (not BTE, but BCN). This coin was coded from scratch and the blockchain for this actually shows the genesis block being mined on July 2012! CryptoNote itself started research phase before that. However, it was hidden in deepweb communities and only surfaced on the clearweb in March 2014. So this has all been going on for a while, but the origins are shrouded. Other CryptoNote coins are popping up only now and they're using Bytecoin as the reference just like most altcoins have been using Bitcoin.

It's not really alpha since everything works, including the ring signatures. There's no GUI however. Tongue 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.

Thanks for the info. I'll have to read up some more on the coins trying to implement this and their stage of development.
554  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 10, 2014, 05:39:05 AM
Rather than dismissing your limitations, embrace them and improve. Masternodes requiring 1000% drk in exchange for 10% of future mining fees appeals to those of you who only seek profit. To the hackers/ adversaries/ tax departments/ NSA/ even just the suspicious, this solution is a joke.

What should you do? Make it better! Adopt ring signatures. Stay ahead of the curve or you will be left behind.

I probably shouldn't bother as your mind is obviously made up that DarkSend is "a joke", but here goes...

1. If you have truly been following the thread you would know that ring signatures have been discussed for DarkSend V2.

2. Why not do it now?  Well because you can't leave DarkSend in beta ad infinitum while Evan is continually trying to catch up to the "cutting edge".  At some point it has to be open sourced and released - and when it is... it will the best open source, fully released anonymous cryptocoin solution at the time.  If you know of any other anonymous coins that are not in alpha, beta, testing, brainstorming, or some other preliminary phase then point them out.  AFAIK, there are none.  

3.  The 1000DRK held in stasis while you function as a masternode (and get 10% of mining reward) is a better solution than having the masternodes being able to be set up at no cost.  Proof of stake while actually providing a service i.e. Proof of Service.  DRK will be one of the first coins with this feature.

4. Stop with the naivety in thinking that just because the NSA has "infinite" money that they can click their heels three times and buy up all the DRK and own all the masternodes.  To buy, you need people to sell - if the NSA tried this the coin price would go through the roof.

5. The NSA doesn't even care about DRK now and DarkSend would have to be a smash hit before they do.  By that time there will likely be a few thousand masternodes forcing them to add all the more value to the coin to accumulate enough masternodes.

6.  How much is "enough" anyway? Several rounds of DarkSend will be used by those really looking for anonymity.  The NSA would need what -- 65%?, 80%? of all the masternodes to get information reliably.  You only need to go through ONE clean node before you are anonymous.  To get all the DRK for that, just how much money would they need to dump into the coin? That in turn would just make DRK more widely known - what are the effects of that?

I could continue, but I won't.  You are drastically oversimplify things by saying "the NSA has a lot of money so therefore your solution of requiring 1000 DRK for masternodes is a joke".  This is a very good solution for the time being, i.e. DarkSend V1.  How it evolves after that point?  Well that is unknown, but the main reason I invested in this coin is not because DarkSend per say, but because Evan is dedicated to improving the anonymous solution that will be used with Darkcoin now and in the future -- whether that takes us to ring signatures or something else entirely.  
555  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 08, 2014, 12:40:25 PM
Does that mean we can run multiple masternodes from the same local wallet?

Dunno, but running multiple "nodes" from one wallet / computer kind of goes against the distributed mixing network idea. So I hope the answer is "no".

That is absolutely not the idea. Its for the remote/local setup. the masternodes would still do the mixing, authored by the local wallet. At least that my understanding of it.

1000 DRK, one masternode @illodin is right, the idea is to make it costly to run a masternode.

You'd still need 4000 DRK to run 4 MNs, just each 1000 in it's own addr 0.

Bit of a tradeoff security wise though, I prefer keeping my wallets separate, with separate passwords, in sepatate physical locations, with sepatate backups. Guarded by separate assault-crocodiles. Then again I'm both paranoid and inept.  Undecided

Wouldn't surprise me if eduffield made this possible weeks/months ago and just forgot to mention it to anyone.  Grin

I thought each masternode needed it's own static ip Huh
556  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 08, 2014, 05:45:31 AM
Whats the estimation on how long it'll take before someone with a masternode will see their 1000drk again? estimated daily earnings?

The 1000 drk is NOT a payment and thus not lost.  You can retrieve it at any time (of course you will then receive no more payouts).

At a 12 coin block reward and 100 masternodes on the network you will get about 6.9 coins daily which is roughly the equivalent of a 38mH/s rig (assuming 35000 net hash rate and 90% of the 12 coin reward).

That should be a decent estimate for the first week or so before a ton of node come online.
557  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 07, 2014, 02:36:07 PM
Here's the new schedule for development:

- RC2 (masternode payments, DGW3) : May 14th
- RC3 (1000 DRK limit and denominated change) : May 21st
- After this, I'll find someone to vet the code and open source.
- RC4 (Bugs, security issues)
- Testing, then opensource

I'm wondering, if the  darksend code is opensource, so another coin can implements it and DarkCoin will loose some value because it will not be the only one providing the feature ?
Or I'm wrong ?

How's Bitcoin doing compared to all of its forks and clones? First movers have a big advantage plus this coin has a full time dev detected to fixing any issues that might arise.  

Easy choice vs any future attempted clonecoins.
558  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 05, 2014, 12:19:04 PM
Nice coverage in Wired all! I would think that with the release pending (a month or so, correct?) we might finally start the push to .01.
This is correct.  Here is the current development schedule as stated by eduffield.

Here's the new schedule for development:

- RC2 (masternode payments, DGW3) : May 14th
- RC3 (1000 DRK limit and denominated change) : May 21st
- After this, I'll find someone to vet the code and open source.
- RC4 (Bugs, security issues)
- Testing, then opensource
https://bitcointalk.org/index.php?topic=421615.msg6488297#msg6488297



P.S. Evan, I still think this should be somewhere easy to find (like in the first post) so long as it is valid.  Tongue
559  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 05, 2014, 11:57:40 AM
In Wired article all the reviewed coins represented in bad light IMO. The conclusion leads to deduction that their primary purpose is money laundry and black markets:
Quote
Anoncoin, Zerocoin, and Darkcoin are all unlikely to ever achieve the same acceptance for goods and services as bitcoin has. But it’s worth nothing that if exchanges allow the trade of bitcoins for these more private currencies without requiring identification, they could serve as giant laundry services, anonymizing any funds that are traded into and then out of their networks.


Well I am not sure what we can do about that other than to at every opportunity educate people about the importance of privacy in the cryptocurrency space and why private != illegal.   Though... even with that, I expect the mainstream media to continue to associate Darkcoin with criminal activity just because that is their default behavior.

IMO, the bigger issue with the article was use of the word "lottery" with respect to the masternode payouts.  I understand that one of the masternodes is elected at random, but to somebody who knows nothing of DRK it sounds like you have to pay 1000 DRK for the outside chance (connotation from lottery) to get 10% of the mining reward.  The masternode POService feature is very unique -- and while the "lottery" statement is true, it puts the whole thing in a bad light as most people view participation in a lottery as throwing your money away.

That's said, if you just read this article without any prior knowledge of the anonymous coin development space, IMO DRK would catch your eye -- if not for the stated improvements to coinjoin then because of the awesome new logo. Cheesy
560  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: May 04, 2014, 08:48:59 AM

Not true, all inputs are shown on the blockchain. eg. If you input 2 x 10 inputs into the 10 coin pool, both inputs are shown to come from your address, (unless your wallet contains multiple addresses with coin balances).

It does, that's what the delineation is all about.  This is no longer done manually, it's automatically done by the wallet.

Are you referring to the "throw away" addresses newly created for a Darksend?  If so, when sending coins from your normal address to these newly created addresses won't that show up on the blockchain if even all the addresses are in the same wallet? 
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