damm we all really tired can please the guys who successfull mining already support the other people i cant expect from my team now give a few hours support they did all go to their limits  |
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we close to release files for pools
pool owner who are interested to set up a groestl algo diamond pool please apply here
we will send u the download links then in a few hours
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its by far not to late to join in
you are welcome to be a travelmate in our journey
Thanks! I think I'll take you up on that invitation. I'm already fully committed on the mining and coin holding fronts, but I could also do more by getting involved on the development side of things too. While I'm not a programmer, I do have other professional aptitudes that may well be suitable for other, non-coding, aspects of Diamond's general project development. That being said, I'm sure it goes without saying that I am in complete sync with your philosophy, stated goals, and implementation plans for DMD. My own reflections on a coin's "perfect characteristics" - what coin I would mine and what coin I would invest in - have led me to very similar, if not identical, conclusions. Seeing others coming to the same conclusions and acting on those conclusions is probably the primary reason why I'm so excited about DMD's future and willing to roll up my sleeves alongside you all and contribute whatever I can as well. Thanks again, and I'll be getting in contact with you via PM over on the DMD forum as soon as I can. below are links where u can share ur ideas or even sign up for possible project team membership Diamond - DMDcoin.net » PROJECT DEVELOPMENT » Branding, Marketing, Merchant Relations http://dmdcoin.net/forum/index.php/board,6.0.htmlDiamond - DMDcoin.net » PROJECT DEVELOPMENT » Software Development http://dmdcoin.net/forum/index.php/board,7.0.htmlDiamond - DMDcoin.net » PROJECT DEVELOPMENT » Social Media http://dmdcoin.net/forum/index.php/board,8.0.html |
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our devs at work  everything needs to be done very carefull they said  |
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but why i have that much time write so long posting instead of rotate because of wallet release guess what..... we missed cryptsy deadline for today and they can only start implemenenting our new wallet tomorrow in US workhours so its sure no wallet release today sorry we will try the best to get it done tomorrow meanwhile u can try make someone panic sell his dmd to buy in cheap just sad it looks like that plan isnt working we still at rockstable price......  but that price is still low for such gems i guess so its not to late to get some pre repease hype |
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You simply rock! You guys are top notch! Visionaries! Where "evolution" comes from.  You are showing us the future of [successful] cryptocurrencies with what you're doing with DMD! i didnt pay for that really  i have to say thx for overwhelming feedback and i got a lot similar PMs i can tell ya how we created our coin specs we are exactly a bunch of people from that target group small /medium miner small/medium investor most of us did join crypto when it was to late for BTC and after long research we all found to diamond as optimal mix between risc vs reward a great name and big potential enought risc to be able get a real significant reward of 10x 100x or even more..... but we failed..... we found out the coin is nearly headless and now the crazy plan was made instead of seeking another possible secret winner where we could get what early btc investors did get we just moved ourself into diamond coin inner circly and make it true and we did just build coin specs of the dream coin where everyone of us said wow such a coin i would mine wow in such a coin i would invest some money a few months we did work for it build up connections and a network to make this come true recruited key people for the team and here we are now dreams can become true if u work for it and if others take part in this successstory and share the dream with us its by far not to late to join in you are welcome to be a travelmate in our journey |
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Say, for example you have 10 (ten) algorithms for PoW. Each is responsible for 1/10 of the mining. If one of these is "compromised" (one way, or another), it will still provide only 1/10 of the coins (or the relationship could be more complex). In our current setup, compromise of the PoW algorithm would require an hard fork. When you have multiple algorithms, that is no longer a pressing need.
Of course, this is not a design goal for DMD as I see it, because it is planned to be more of a value storage coin, than for mining resource. But it could still be valuable. A well designed algorithm balancing could do wonders in crypto currencies.
Hard forks are always bad. Always!
myriadcoin? thats what u describe but with less different algos but as u said yourself dmd coin setup doesnt need that because our primary POW timewindow will only last expected 15 months some longtime POW coins could explore such ways maybe we did focus much more in a coinsetup that provids rewards for all kind of people and not only miner investors are our main target group our goal is the establish diamonds as a storage of wealth = buy wait and have an increased value once u need to withdraw and convert again into fiat |
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@GimmeMyCoins thx for hint im sure we have comunity enought the backup a request to payout in dmd
but let that be a task for later
step by step we wana get this release done first
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Well, at that rate why not set it up to automatically trigger a switch, when appropriate, to one randomly selected among a predefined set of algorithms?
coin minable by everyone beside asic owners have one reason asics by design require that the owner sell coins to refinace the investment we want to avoid that sell pressure and the missing share of diamonds for regular miners small and medium scale miners often mine to keep coins as explained in last posting we see asic friendly multipools who pay out in DMD as the solution to give big asic owners also a chance to mine DMD without hurting the economy and reducing mining rewards for all other diamond miners |
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we also research the possibility of a asic friendly multipool to mine DMD with it
we searching partners who set up such a sha256/scrypt mining pool who pay out in DMD
if interested get in contact with me or popshot
a multipool paying out in DMD is the only way how asics not hurt but help diamond by creating additional buy demand
its not looking like we not having already a big demand but on the other hand a rare thing like diamonds can never have to much demand
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By the way, it would not have been bad idea for DMD to run with different PoW algorithms in parallel,
each with it's own difficulty and pace. That way, if some algorithm suffers from ASICs etc,
only that algorithm's share will be 'unfair'. Of course, PoS is an entirely different beast.
 GROESTL SCRYPT |
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the first coin of a new 3rd generation of coins which are actively resolving the challenges you mention. It is a more equitable approach and I believe this will lead to a broader adoption.
Only time will tell... but for now at least we see the immediate benefit from the hashing/mining perspective.
we are clear a 1st generartion coin because we are based on bitcoin code which is by definition not bad the most valuable coins are 1st generation BUT in my opinion we are a far advanced EVOLUTION of 1st generation coins thats why we called this release: [ANN] Diamond Coin (DMD) Evolution v 2.0 |
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how many blocks are left until we are pure pos , when we are at that point a multipool would be nice, especially because there is such a low amount of coins on cryptsy , once those are gone we could essentially dictate the price  check coin setup until 1500000 total coins we have full POW with 1 dmd each minute AND full POS with 50% per anno this is the golddiamond-rush phase of coin rollout everyone can get his stake by mining or by buying and minting expected duration with 75% of coinage used for minting (and not burned in transactions) is around 15 months until we reach 1500000 total diamonds like always diamond timeframes are longterm we have calculated a expected coinrollout for 30 years............... |
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meanwhile good news a nice guide how to mine groestl algo with linux http://dmdcoin.net/forum/index.php/topic,355.msg1701.html#msg1701and his impression: Like it's Christmas. Running at 62º Celsius! Pulling 179-180 W from the wall. That's phenomenal. Down from 325-330. Just slightly over half. My electricity bill is going to love this. Maintaining an average hashrate of 4.6 - 5 Mh/s and generating the number of coins expected. I'm getting a full performance confirm all the way around. The profitability picture changes radically with this. (I'm getting very interested in looking at putting some CPUs to work as well, but don't have the slightest idea as to the profitability of that . . . yet). update: my own impression mining with two rigs 3x amd 290 and 6x amd280 with scrypt i did use 3000w all together with groestl im at 1500w all together and silent using windows 8.1 one one and windows 7 on other rig |
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the pos fix did require another blockchain resync.....
thats the reason it take so long
as explained before thats a timeconsuming process which is in our situation very nasty because we can only wait
basical only a few steps missing to release files towards cryptsy but we have to wait until we can execute em
and i fear if we run out of worktime window of cryptsy employee they wont finish integration into exchange early enought to make us release it today to pools and everyone else
we would work 24/7 but cryptsy is a company with regular workhours (beside 24/7 support which can only relay our files towards the technican who isnt working 24/7....)
we not blame anyone
its just a fact that time adds up and different timezones not helping too
i hope u can understand we not happy about this too
deliver fast and stable was our plan
but to deliver stable we had to sacrifice fast.......
and we made a teamdecision that a release without exchange got his wallet updated first is no option
after all diamond is a storage of wealth by definition so keep it save and secure is top priority
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How is it coming along guys? Any time frame on when the new wallet might be ready?
thx to our extended testing we did find a problem with pos rewards where trigger was still set on old value we fixed it already and did another check to make sure all triggers are correct updatet (this was no flaw in design just the hurry for emergency change of first trigger did lead to this. that we found and fixed it pre release is a sign of working quality checks) we at diamond team belive in quality above everything a diamond have to be flawlesswe still plan deliver wallet today towards cryptsy after ok from cryptsy we will release it to pool owner and comunity meanwhile i can see diamond value on crypsy is raising everyone realize that this waiting time is just the begin of something great and noone want to sell his diamonds a lot try to buy some..... thx to all who belive in diamond we will deliver and u will be pleased  |
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anyone want to sell me 1k DMD? not much volume at cryptsy right now
diamonds are rare........ |
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@cryptonit:
That means all current scrypt miners still running doing nothing (because the pool got temporarily suspended so it's just getting errors) will never work again?
You really have to change these to the new Grøestl or will it continue to work as soon as the pools are up again?
Just want to confirm.
not only the miner the pools have to be adapted to be able with groestl algo too |
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