drk.coinmine.pl has over 71% of the network hash power.
Something needs to be done about this. This has nothing to do with greed, it is just dangerous.
Not sure why miners don't realize that 51% attacks are real and that it is important to distribute their hashing power.  The owner of the pool could also help by not accepting signups for the time being. |
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http://pool.darkcoin.io/, Can whomever owns this pool please unlock my account so I can start mining? It told me to check my e-mail to unlock it and never sent me anything. Thank you  Unlocked. I'm not sure what's going on with the email. Ape is looking into it. Are we sure that is the only thing going wrong with the pool? Haven't found a block in a crazy long time... Est. Shares 57,365 (done: 4540.56%) Pool Valid 2,604,695 Time Since Last Block 9 hours 24 minutes 27 seconds |
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So what's the rationale for this block reward system? (11111 / (((Difficulty+51)/6) ^ 2))
As I understand it, the TOTAL distribution per unit time will come crashing down as network hashrate goes up. Not to mention each miner is getting a tinier slice. That's rather discouraging.
Apart from Darksend, I think this is the best feature of the coin. All other altcoins become diluted if they doesn't become a instant success like Dogecoin. So the early adopter edge becomes even more overwhelming? Nice way to kill a coin. An exchange medium is only worth something if others agree and also have a stake. We'll just end up a small group of hoarders waiting around for something to happen. Reminds me of QRK. That is overstating things. Reading through the thread, it is abundantly clear that the devs and other early adopters believe in the coin and are not planning a massive dump. IMO this is a feature -- not a problem or a scam. Basically, it allows for the devs to have a more fine control over how the coin is released into the market; and thus prevents a “mid-life” dump via multipools and whale miners that troubles many a coin once the price starts to rise. As mentioned above, if a coin is super-popular from the beginning like Doge then there is no problem as it gets distributed to a wide range of miners. Even if whales or whatnot show up later there is a big enough dedicated mining community that in effect prevents these entities from negatively effecting the market. On the other hand, coins that don't blow up from the beginning and slowly rise in price due to the efforts of the early adopters, inevitably get attacked by these whales/mutlipools -- and the diff increase alone never seems to be enough to prevent a ton of coins of entering the hands of the few. When these coins get dumped... the market crashes. The way Darkcoin is currently set up this cannot happen. And yes, even though Darkcoin is multipool resistant – it is still vulnerable to whales (it was actually getting hammered before the diff /reward system was enhanced by KGW). Now, I know it may seem unfair to latecomer miners and some trolls even went as far as trying to discourage people by calling this a instamine. But the thing is... the vast majority of coins have a high percentage owned by early adopters. That is the reward they get for believing in the coin before anybody else. Due to the diff/reward system Darkcoin might be a little more extreme, but as I just explained that system has a very important purpose. This is a fair coin. The diff/reward is a feature that allows more fine control over how much coin is released into the market and thus prevents manipulation by dumpers. Not really mate. If a large percent of coins is being held by a select few then this coin is in jeopardy sorry to say. We can wax poetic all we want about how people believe in this coin but that is just not true. A quick look at the charts wil tell you how trigger happy the so called early adopters are in dumping this coin. Greed rules this free market and lets not bury our heads in the sand here. The early adopters can and are currently molesting the price to a stand still unfortunately and that is turning away investors and miners. As long as we are still on small exchanges, this will continue and when we eventually hit big exchanges, I expect there to be a huge dump because people are greedy and that is the honest truth. But that is true for any coin. Is Darkcoin provably worse? Plus look at Bitcoin -- when it got harder to mine coins what happened to the price... |
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So what's the rationale for this block reward system? (11111 / (((Difficulty+51)/6) ^ 2))
As I understand it, the TOTAL distribution per unit time will come crashing down as network hashrate goes up. Not to mention each miner is getting a tinier slice. That's rather discouraging.
Apart from Darksend, I think this is the best feature of the coin. All other altcoins become diluted if they doesn't become a instant success like Dogecoin. So the early adopter edge becomes even more overwhelming? Nice way to kill a coin. An exchange medium is only worth something if others agree and also have a stake. We'll just end up a small group of hoarders waiting around for something to happen. Reminds me of QRK. That is overstating things. Reading through the thread, it is abundantly clear that the devs and other early adopters believe in the coin and are not planning a massive dump. IMO this is a feature -- not a problem or a scam. Basically, it allows for the devs to have a more fine control over how the coin is released into the market; and thus prevents a “mid-life” dump via multipools and whale miners that troubles many a coin once the price starts to rise. As mentioned above, if a coin is super-popular from the beginning like Doge then there is no problem as it gets distributed to a wide range of miners. Even if whales or whatnot show up later there is a big enough dedicated mining community that in effect prevents these entities from negatively effecting the market. On the other hand, coins that don't blow up from the beginning and slowly rise in price due to the efforts of the early adopters, inevitably get attacked by these whales/mutlipools -- and the diff increase alone never seems to be enough to prevent a ton of coins of entering the hands of the few. When these coins get dumped... the market crashes. The way Darkcoin is currently set up this cannot happen. And yes, even though Darkcoin is multipool resistant – it is still vulnerable to whales (it was actually getting hammered before the diff /reward system was enhanced by KGW). Now, I know it may seem unfair to latecomer miners and some trolls even went as far as trying to discourage people by calling this a instamine. But the thing is... the vast majority of coins have a high percentage owned by early adopters. That is the reward they get for believing in the coin before anybody else. Due to the diff/reward system Darkcoin might be a little more extreme, but as I just explained that system has a very important purpose. Lastly, it is not like the devs are not willing to respond. Take a look at the diff/reward chart below.  The blue line is actually a hardfork that was put in place a couple of weeks ago to be ready for GPU miners (GPU client first released last week) so that reward wouldn't drop to zero once the hash power went through the roof. Tldr; This is a fair coin. The diff/reward is a feature that allows more fine control over how much coin is released into the market and thus prevents manipulation by whales who plan to dump. |
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It says on the official DRK mining pool "4. Create a XCoin address to recieve payments. ". I've successfully setup a miner, and it's mining right now. No idea how to receive payments though, or what an XCoin address is.
Also just another noob question while I'm at it, is the hash rate you mine at based on my hardware+config? So if I go and mine a different altcoin with the same hardware+config, will I always have the same hash rate or will it change based on the difficulty of whatever I'm mining?
Thanks in advance!
EDIT: Nevermind, figured out where to enter payout address.
The question about hash rate still remains.
Also I've been mining with cudaminer on the official pool for probably ~30m now, definitely connected to the right worker. The site still thinks I'm not mining, should it be taking this long to realize I'm mining or is something wrong?
Another thing, cudominer says "(booooo)" at the end of a lot of the outputs, it goes for a good few minutes only giving me a long line of "Booooo" before it goes through non-booooo's and my GPU works a lot slower when they're all "booooo's". Normal?
This is not your standard scrypt coin... meaning that you cannot use cudaminer. See the first post for the only working GPU client. |
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PEOPLE CUT THE CRAP IS THIS COIN'S ANONOMOUS FUNCTION WORKING YES OR NO....
IF IT DOESNT ITS AS WORTHLESS AS DOEGECOIN..
Try reading the title of the thread. This is a pre-alpha -- i.e. the testing phase of said tech... If you can't read then spare us and troll elsewhere. |
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 741MHs out of a total 1111MHs network hash is over at one pool DarkCoin. Guess all the GPU miners are going to the same spot, lol.
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Still getting
Error -11: Building Program <clBuildProgram>
Error compiling program for search.
Tried 13.2 and 14.1 beta drivers, running a 6990 on windows.
Any ideas?
Try messing with the thread concurrency. For my 7970, it failed with the normal setting of 8192, but started without issue when I set it to 8000. Currently getting 1.9MH's on the card after a bit of an OC |
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Can we please stop about talking about the price? We have great technical innovations in here that are way more interesting than a bunch of litoshi more or less.
Did anyone test the new coin mixing feature so far and can tell us how quick a transaction reaches its destination?
I also would like to know what server specs you recommend for a receiver node? CPU, HDD, Bandwidth - what is most important?
+1 Been lurking for a while, but I had to sign up so I could back this post and add my 2 cents. I am a former stablecoin holder, but I sold back to BTC once invisibel posted on those forums that he had finished the mixing beta (and I realized that the stable dev was working on the coin only part time). Since I have an interest in the first truly anonymous coin, I have been watching TIPS and some other coins that are close to implementing similar features (anoncoin, darkcoin) -- trying to decide where to spend my BTC and send my hashpower. IMO, TIPS really has something going for it from the technical side (payment processor, speedy devs, and of course mixing), but after spending some time following this thread I am having a hard time investing. Why? Because between all the cheerleading of a 1 latoshi price increase, discussion of plans to pump the price, and of course screenshots of accounts with 1 billion+ TIPS poised and ready on Crystpy... I can only see this as a BIG pump and dump. Sure other coins have some chatter about price, but with TIPS that seems to be 100%. No discussion of how the mixing service was during the beta, no talk of experiences with trying to set up a mixing node, nothing expect for price and the odd complaint that KGW hasn't completely gotten rid of the multi pools... not really something that gives potential investors a lot of confidence. I dunno -- maybe I just happened to start following this thread at a bad time... /2cents Many of us invested heavily in TIPS before the drop down in price, pardon a little excitement about things getting moving. Many of us have been supporting the price in the mid forties area hence we ended up with a lot of tips! You need to do adequate DD before any investment, you will see all the technical discussion on irc.freenode.net under #tips and #tips-team - i've had that window open for weeks as have all serious investors and helpers. On the IRC channel you will find us all discussing the technical aspects of the developments, brainstorming sessions and you will see just how many people are involved in making this work. We all put a lot of time and energy in to getting through the KGW implementation and building the new wallets. The devs have been outstanding. There are also people with much marketing experience and ability getting involved. All discussed on IRC. So, pardon the excitement. After weeks of patience and hard work, it's finally starting to come together Don't doubt the dev team or their hardwork for a second. That was one of the things that got me to follow TIPS after being part of the mess that was the dev situation with SBC. However, perception is important... Thanks for the heads up about the IRC channel (I'll check it out), but others who might want to get into TIPS won't go that far -- they'll see this thread, groan, and take their money and workers elsewhere. With all that said... I am more than willing to see how things develop over the next few days with the big launch only a few hours away. |
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Can we please stop about talking about the price? We have great technical innovations in here that are way more interesting than a bunch of litoshi more or less.
Did anyone test the new coin mixing feature so far and can tell us how quick a transaction reaches its destination?
I also would like to know what server specs you recommend for a receiver node? CPU, HDD, Bandwidth - what is most important?
+1 Been lurking for a while, but I had to sign up so I could back this post and add my 2 cents. I am a former stablecoin holder, but I sold back to BTC once invisibel posted on those forums that he had finished the mixing beta (and I realized that the stable dev was working on the coin only part time). Since I have an interest in the first truly anonymous coin, I have been watching TIPS and some other coins that are close to implementing similar features (anoncoin, darkcoin) -- trying to decide where to spend my BTC and send my hashpower. IMO, TIPS really has something going for it from the technical side (payment processor, speedy devs, and of course mixing), but after spending some time following this thread I am having a hard time investing. Why? Because between all the cheerleading of a 1 latoshi price increase, discussion of plans to pump the price, and of course screenshots of accounts with 1 billion+ TIPS poised and ready on Crystpy... I can only see this as a BIG pump and dump. Sure other coins have some chatter about price, but with TIPS that seems to be 100%. No discussion of how the mixing service was during the beta, no talk of experiences with trying to set up a mixing node, nothing expect for price and the odd complaint that KGW hasn't completely gotten rid of the multi pools... not really something that gives potential investors a lot of confidence. I dunno -- maybe I just happened to start following this thread at a bad time... /2cents |
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