we at diamond coin are researching to choose a asic resistent algo tho which we change our coin hashing

required open source miner
gpu
reduced power heat compared to scrypt
secure
working without troubles on 60sec block time

can someone here as this is a very algo focused thread give ur pro and contra of avaiable algos to make ourchoice easyer and based on a algo insider knowlegde

we did think x11 would be good but it would be great to hear opinions and alternative solutions to be shortterm asic resistent

(goal is to be at least 12 more months asic resisten)

edit: someone can tell how fugue256 gpu poweruseage and temp are? the high hashrate should make it secure and suiteable for 60sec blocks or? and onky one coin use it so noone would invext into asic design?

edit2:

i think x11 groestl and fugue are the 3 algo we choose from

why not a contest with a bounty for a kick ass logo

copy from google picture search is a no go

http://dmdcoin.net/forum/index.php/topic,626.0.html

enjoy the good news another full time code dev joined the team

https://www.mintpal.com/voting

we happy with cryptsy but mintpal is a nice one to
please vote regulary we have no hurry steady votes will bring us to the top over time
dmd is all about longterm and so we sure we wil have success getting added on mintpal
over time its ineviteable that we will be on top of this list

hi nem comunity

somehow i missed this coin
as a active btt member who choose his coins well and support only what i my opinion is serious
i rate nem as a possible next step in cryptoworld
as shareholder i plan to participate active with 24/7 static ip node and promotion

arguments speaking for me are im a prooven active btt member and i have as i think a mindset that fit

to proove that i post what i have written about crypto on diamondcoin forum (where im highly active):

thats the right spirit korniza 
true people wana get rich with crypto
but and thats at least tru for me
i wana everyone to be rich.....
rich is that u can live the life u want as long as it dont prevent others to live their life too

cryptos are a step in right direction because basical they are a way of put money into the place that it deserve

a tool a enabler
but not a controller and manipulator

zeit movement is a example of open mindet future concept

the idea is that mankind is able by using not some futuristic but just the allready known technology without sorrow we able produce all we need with just spending like 10 hours a week at work

clever use of technology enable this

the economy now need humans in the hamstermill

crypto is a way to break out
and it would make sence help others to follow

diamond isnt build as a messenger of the new time

but people who will escape economic chains are

and we try to break that chains and free at least some people

no fear danbi we dont copy mintcoin as his clones

and we have not extrem reduced mining if a few weeks

we will stay flat reward but time wont be 8 years

more details will follow but i wont give details without work finished

i just let u know tge general idea

we will start promotion with new details early enought

for now use my hints as insider knowledge that give loyal followers of this thread a headstart in gathering dmd

the hype will follow once we start promotion

look the 3 months charts from my sig
http://www.cryptocoincharts.info/v2/pair/dmd/btc/cryptsy/3-months

we  reached the end of canyon of sorrows

now its the time to join in

8 april we will anounce another great news

for now coin setting is 1%  but not working properly

but soon major coin relaunch will happen

and trust me people who love pos will love it

more detail will released closer to release meanwhile gather as much dmd as u can

soon............




let me lift one secret allready coin max stay same coin rollout will be modified there is sure not 8 years flat mining
and we will utilize pos as part of coin rollout

now count 1 and 1 together...... 

i copy a post from forum to make clear if u buy asics u soon wont be able use em with dmd
http://dmdcoin.net/forum/index.php/topic,568.0.html



we will switch to asic resistent algo if someone  invest into asics u wont be able use it with dmd in the future

it wont be worthless a lot coins and litecoin are staying on pure scrypt for sure

but for us the question was do we give a home to hundrets gpu miners who cant mine scrypt with earning their power bill

or we follow the big fish eat small fish philosophy and dont care for gpu miner

we care for normal people

we still belive in dmd as a way for everyday people to earn themself a better life

and not to make the rich even more rich

diamonds for the people 

and change to low power consuming asic resistent algo is the logical step to archive that goal

in second step sure pos is the way to go but not without spread more coins and let much more people take part in our success story

more people who have a lot to win create a much stronger comunity driven movement

mintcoin zeitcoin eccoin and all other rapid POW and then pure POS coins are very successfull

but diamond is different


how different and in my opinion even much more intersting a coin can be......

...that secret cant be lifted now

but it will give diamond the value it deserves

as a unique digital gemstone with bright future

how about checking www.dmdcoin.net/forum ?

it started at around block 600 for public miners
dont know what was with earlier blocks (premine for IPO maybe?)

and it looks like the adaption of block difficulty was to slow for the big starting hashing power
so networked solved the low difficulty blocks faster than expected

now with higher difficulty block time seems to be at least close  to 2 min with 1min31sec

if on average block solving time will stay faster than 2 min i still see no big problem just adapt coin describtion
at the moment it look like 90 sec block time




thats from water.hashing.at:

Pool Hash Rate    1,041.201 MH/s
Pool Efficiency    98.34%
Current Active Workers    339
Current Difficulty    42.61724406
Est. Next Difficulty    27.94573381 (Change in 1 Blocks)
Est. Avg. Time per Round (Network)    1 minute 31 seconds
Est. Avg. Time per Round (Pool)    2 minutes 55 seconds
Est. Shares this Round    174560 (done: 33.7%)
Next Network Block    2570    (Current: 2569)
Last Block Found    2569
Time Since Last Block    1 minute 17 seconds

it says pow+pos
i find no info about pos rewards per anno

mining difficulty is so low that its worth spend a few days here and look if coin develop
nethash below 50mhash

dmd have pos as second security
u need not only over 50% hashing power u need over 51% of stake too

not sure whats going on?
as a low marketcap market the market is beeing manipulated and keep artifical low to allow whales buy big amounts of dmd

any good news are keept behind doors until investors able buy their goal of cheap diamonds

im leaking this info to give u the opportunity to get some cheap diamonds

once asics rolled out "normal" people will have a nightmare to get their hands on some diamond

u cant mine because u need asics
u cant buy in cheap because price is is sure 20x higher than now and raising

20x sound high for u?

check dmd history value was already 20x of actual value so its not an illusionary number

u can easy see how stable dmd value was and when it by miracle got reduced towards a value where u can get touzsends of dmd cheap

keep in mind there only a bit over 300k diamond existing now and coin cap is 4.3 million and the price is so low u can easy buy 1% of actual existing coins

imaging u own 1% of btc ltc or even some smaller coins

only reason not to buy in would be to say this coin will go down to 1 satosho and then be removed from cryptsy....

this will never happen

more people joining the market make price manipulation more difficult
and the whales have to accept that the value will raise and they cant fill longer pockets with cheap dmd

good part of whales manipulating market
u can bet they wana earn moneys with dmd
join in and earn together with them

edit:
somehow its understandable why this happens with dmd
lot of the newer coins have a part of coins premined that are sold to investors via IPO
but dmd have no premine and investors would skyrocket price if they buy up all coins on market
so they playing the game to leave coin value drop by autoseller and buy in big 1000 dmd junks
and then make fast again some cheap sell and buy orders to make coin stay looking cheap
basical they abuse cryptsy autosell features and the miner who autosell their diamonds
anyone who sell at this price must have lost his mind

nothing illegal

if i wouldnt have already invest all my avaiable money in dmd i would stay silent too and buy some more cheap dmd

please add DMD diamond

u mix a few parts in this new coin setup
the non scrypt mining algo was helping against upcoming asics

now if u change towards few weeks mining and later POS model (like mint zeit ecc....)
the mining algo scrypt would be much better to wide spread the coins and create a lot stakeholder

i think its realy important to define POS rewards asap
people have to decide if they mine here or not

without facts thats hard to do

mint zeit ecc all try to add a message to their coin (powersaving green, or promotion support of the zeit movement)

if your coin have no new interesting features
u should at least have a message or "something else" that attract people

edit:
this something else could be interesting wallet features like easy minting button minting calculation sheduled autoswitch into minting mode and so on....

hmmm where are the new logo that are submitted already?

ipominer.com jumped in

i guess u missinterpret the situation
look closer u will see that hours autosell dump price and then big buys are happening

thats not a dying coin
that intended price manipulation

there people who try to buy in this coin as cheap as possible

and they doing it successfull

guess what this people will do once they gathered their target amount of dmd.......

maybe some of this people also part of the dmd inner circle....

dead coins dont release wallet updates and have big buy waves

low market cap coins are vulnerable

but people who play the market dont do it to lose money

so best bet is to join in and earn together with them

please add Diamond [DMD] for voting