I don't fully understand the purpose of such action. Mining and minting already run under different algorithms. For security reasons incorporating merged mining is also a possibility. Any person who hasn't got a Skrypt or SHA-256 ASIC device could mine Diamonds. If ASICs ever became significant problem nothing stops the coin adopt another algorithm.

I had to move my mining rig to the house extension as I couldn't stand the noise. For me profitability of mining has been consecutively falling, due to ever growing difficulty, dramatic fall in value of coins I used to mine, so I ended up with the situation that I was mining just for the sake of it. Electricity bills were getting bigger as well with price increases every now and then.

With this new algo, all the problems that led me to abandoning mining are becoming a thing of the past. At least for the time being difficulty will be at the alright level and not so ridiculous as with i.e Litecoin or Doge, value of the coin will be increasing so even if difficulty eventually rises it will compensate, the noise level will be way way down (which is a big factor for me). Diamond Coin with the newest implementations is a solution to many people's problems and if you add Proof-of-Stake into the mix it's really unique and becomes the most eco friendly, most energy efficient solution on the market that satisfies needs of most groups of people from miners, minters, long term holders, traders(for being fast and stable), etc.

In cooperation with Groestlcoin devs we'll promote all kinds of mining solutions and thanks to this algorithm properties people will be able mine with virtually any modern mobile device. Diamond Coin is a win-win coin and in my honest opinion should be named as such.

meanwhile good news a nice guide how to mine groestl algo with linux
http://dmdcoin.net/forum/index.php/topic,355.msg1701.html#msg1701

and his impression:

we in the process to handover data to cryptsy soon
once we get ok from cryptsy pool owner get access to it
and when at least 2 pools finished setup we give it free for everyone

dont fear other people mine away a shitload diamond
like always 1 dmd a minute for the miner ... not more not less

You can follow this topic or @dmdcoin on Twitter, and I'm sure all will be announced as soon as available (probably still a good few hours away).

Time for a cup of tea (or coffee if you prefer!)  

sounds good in theory

however, my experience (and others) has been the exact opposite

I don't agree with OP, and Noobs continue to not do their due diligence, use the search function, and post quality non flaming threads.

Let's see, so if I owned one of the largest bitcoin exchanges, I might be tempted to shut down as well; claiming that most of coins were stolen while I was secretly funneling them into multiple personal anonymous accounts. Then eventually when I had enough coins stored up, I would let the shit hit the fan by saying the coins are stolen, and then proceed to file for bankruptcy. Lastly, I'd sneak off and buy my own little island where nobody would find me.

UPGRADED WITH TWICE AMOUNT OF RAM !

I love the smell of fear in the morning because fear means there is money out there someplace.

Scared money.

I love it!

My $.02.

GREETINGS XENOPHOBES!

You -- YES YOU!

You are the reason BTC has NOT taken the world by storm.

You heard about bitcoin 1,2 maybe 3 years ago. You spent 180 hours STRAIGHT with no sleep drinking mountain dew so you could understand every possible intricacy of all that is Bitcoin!

You have kept up to date, you PREDICTED the fall of MT GOX, YOU FIGURED OUT WHO SATOSHI was before anyone else, you get a google alert for Bitcoin BTC and even the letter B!

You own a Bitcasino or BitFaucet (and make sure you post often so that your signature advertises it!)

Kudos to you, as you were...well to use internet forum jargon "FIRST!"

Good for you...you knew before anyone, you still know.  You are current on hashrates, conversion rates, highs/lows, ASICS, S1/S2, satoshi, cross currency transactions, up and comers like 42, has beens, wanna bees...i mean you "get it"


Too bad for the rest of the world.  When they come around, they have a lot of catching up to do.  But we can count on you.  We can count on you to try to give yourself some self worth by attempting to lower the worth of others.  You will resort to name calling and picture posting.  Ask them if they "are mad, bro".  Call them "noob". Even really show how unintelligent you are by calling them "autistic" or "retarded" and using it as an epitaph (how asinine and insensitive is that?). If all else fails, call them a girl or child...and finally, use lots of profanity!

You see, when people come to "check" out bitcoin on forums like this, you will be quick to tell them how anything they say is unoriginal as you have been there and done that and already discussed it a year ago already *yawn* how boring for you, right?   You will let them know that they should use the search feature of the forum and spend hours searching years of posts to try to find one that manages to address their unique CURRENT question or comment.  You will be sure to tell them to use google, and search through the 10s of 1000s of web pages created by bitcasino and bitfaucet sites to try to find a legit answer that is actually up-to-date.

no the government, IRS, CHINA, Market fluctuation etc


None of those things stop bitcoin from being readily accepted and used...

it is those who have self appointed themselves as all-knowing gatekeepers.  Those who ruin it for the sincere humans who participate in BTC.  Those who are lonely little angry trolls with way too much time on their hands and way too little sense to use it productively.

In the real world - for the average person BTC is not EVERYTHING, and people have lives, family, friends, businesses...and not enough time or interest to find out who Satoshi is and what the Master Plan for BTC iss.  They just want practical application. 

Trolls attack enmasse all those who are "new" and drive away many big players who could make a big difference in adoption.

Xenophobia - thats the problem...and each person is either a part of the problem or part of the solution.

I can only imagine the nonsense that will be posted in defense of the "clique"....so i better unwatch it now.

Just break that damn 100 mark so i can have all my coins in green today:)

Of course these noobs who can't understand what Q1/Q2 means weren't present here one month ago to cry about KnC not delivering them the miners. Now that the exchange rate dropped and the hashrate keeps climbing at a steady 20% per diff rise they got scared.