[ANN]Duality Blockchain Solutions: Dynamic(DYN), Sequence(SEQ), HarmonIQ(NoID)

[ttoroie]

Quote: @LordDarkHelmet#2293 on Discord Duality community

Long run:
In the long run, luck is not a relevant factor. Basically on average every hash is going to give you some return. This is the same for pools and solo mining. Here is the problem. The pool has a fee, which reduces your overall return. In addition the pool is not 100% efficient. To reduce fraud, pools send out the same task to more than one miner. This overhead further reduces the efficiency of the pool and the associated return. The end result is that pools are not as profitable in the long run.

Short run:
In the short run pools are more profitable. Let's say you only mine for 1 second.
The likelihood of solo mining a coin is very low, but you can at least get something out if the pool.

The next question is when is solo mining more profitable than pool mining?
To answer this question we are also going to take luck out of the equation.

Given: The net hash rate is 10,000kh/s
Given: Your mining rig does 10kh/s
Given: 500 coins mined per day
(Yes I am using simple numbers to make the example simple, you can plug in the actual numbers)

((Net hash)/(your hash))/(hash per time period)=(time it takes to earn a reward)

((10000)/(10))/(500)=2 days

The code compiled for the pool does not support AVX512, as a result the rate was significantly less  than the native wallet's hash rate.
Basically if your CPU supports AVX512 instructions, the pool is a non starter until they upgrade their capability.

We know that pools are less efficient so in our example it is more efficient to run a solo miner if you mine for a little less than 2 days or more.

For DYN it is actually less than 2 days because the reward amount is 675 a day (going from memory). For BTC it is in the years or decades depending and therefore pools are viewed as better for BTC.

Thank you Robert Hoppenfeld

DYN can only be mined with CPU

Check this for mining performance:

Dynamic 2.x mining performance
different CPU's

also

Visit us and ask any question on Discord

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[RinceWind84]

Thank you for the extensive explanation!

My CPU does not support 512-extension so I may just stick with the pool 

[ttoroie]

Update from devs

Dynamic 2.3 is still undergoing work and having functionality from Syscoin ported over in terms of its certificate/asset/escrow system, however, this isn't for a decentralised marketplace when it comes to Dynamic, this is for identity/certification and will be utilised for BaaS purposes, much alike the dDNS in Sequence is used for verification of identity against a transaction ID/address but with much more depth. Because our use case is different to that of Syscoin, we will be making amendments to their code, as well actually updating it to work with the newer code we have in Dynamic from Bitcoin (remember we are basically in-line with Bitcoin minus Segwit).

Sequence 1.2 is also underway and many fixes are being carried out, however, the long term plan with Sequence will be a coin swap to a much improved codebase and blockchain. This will bring a much more stable PoS algorithm and staking experience, as well as more features. Sequence 1.2 is being worked on to effectively improve the user experience during the interim between 1.2's release and the coin swap a few months later on down the road.

We are also in the middle of growing our development team across all aspects of the project for Website/Platform, Wallet/Mobile Wallets, API's and a BaaS dev team.
If anyone has interest or skills that they believe would be of benefit to the project, please do get in touch via email:
s.lievens@duality.solutions

There has been a lot of legal hoops that we have been required to jump through and continue to jump through, but we are conforming and providing all that is being asked from us by relevant parties. These requirements, as we are sure you are all aware, are required and the sooner we provide these things, the sooner we can progress.

2018 is a real year of growth for the project. The same as 2017 was, it will be exciting

[Nikolaiy]

was not familiar with this coin earlier. I do not have time to study everything now either. At what stage is the project?

[ocminer]

I've added a Pool for this coin:

https://dyn.suprnova.cc

Have fun mining

[irwanjabryg]

block explore seq not open, is there anybody experiencing the same thing as me http://seq.blocksandchain.com/
Or is my internet network unstable.

[ttoroie]

block explore seq not open, is there anybody experiencing the same thing as me http://seq.blocksandchain.com/
Or is my internet network unstable.

It works for me fine

[irwanjabryg]

block explore seq not open, is there anybody experiencing the same thing as me http://seq.blocksandchain.com/
Or is my internet network unstable.

It works for me fine

Means my internet network is bad.
Yesterday it was very difficult to open http://seq.blocksandchain.com/
But now it can be open ...

[moskovskiy89]

 looks really good and the potential is there and hope it will be good to see what brings to the community,hope to the moon

[ttoroie]

DYN can only be mined with CPU

Quote: author=LordDarkHelmet#2293 on Discord Duality community]

Beastpool vs Solo Mining Update 2

Mining DYN with AVX-512 capable chips:
https://en.wikipedia.org/wiki/AVX-512

About the test:
Mirrored tests on dedicated machines were run in parallel over several days to compare like results. The test used 256 AVX-512 compatible cores dedicated to each miner for the duration of the test. Network hash rate was normalized down to 5-minute increments. Rewards were used only to verify the validity of the displayed hash rate. The validated and normalized hash rate was then used to calculate the expected reward. The payments from the pool was within the acceptable margin of error based on the calculated expected reward and fee.

Conclusion:

beastpool.com , offers a clear advantage over the native wallet miner for AVX-512 capable chips.
Mining with Beastpool with the current 1% fee will yield about 12% more than the native miner on AVX-512 compatible chips.
If you have an AVX-512 compatible CPU, I recommend mining with Beastpool.

Thank you Robert Hoppenfeld

Check this for mining performance:

Dynamic 2.x mining performance
different CPU's

also

Visit us and ask any question on Discord

[dasgardo87]

DYN can only be mined with CPU

Quote: author=LordDarkHelmet#2293 on Discord Duality community]

Beastpool vs Solo Mining Update 2

Mining DYN with AVX-512 capable chips:
https://en.wikipedia.org/wiki/AVX-512

About the test:
Mirrored tests on dedicated machines were run in parallel over several days to compare like results. The test used 256 AVX-512 compatible cores dedicated to each miner for the duration of the test. Network hash rate was normalized down to 5-minute increments. Rewards were used only to verify the validity of the displayed hash rate. The validated and normalized hash rate was then used to calculate the expected reward. The payments from the pool was within the acceptable margin of error based on the calculated expected reward and fee.

Conclusion:

beastpool.com , offers a clear advantage over the native wallet miner for AVX-512 capable chips.
Mining with Beastpool with the current 1% fee will yield about 12% more than the native miner on AVX-512 compatible chips.
If you have an AVX-512 compatible CPU, I recommend mining with Beastpool.

Thank you Robert Hoppenfeld

Check this for mining performance:

Dynamic 2.x mining performance
different CPU's

also

Visit us and ask any question on Discord

the discord link, is it work?? since open in browser but cant found the channel

[ttoroie]

Try this invitation

Visit us and ask any question on Discord

[acquafredda]

ttoroie ... it's been a long time. 
Good to see the project's still moving even if it changed completely from the old re-start with arteleis (he disappeared long ago, you got news?).

Question for you: how do I start a SEQ wallet on Ubuntu?

[ttoroie]

aquafreda
Nice to hear from you mate, hope you're doing well and still riding the tides of crypto world
yes good memories, but life goes on and we moved on and we're getting better with time

about the wallet on Ubuntu, don't know too much cause I'm a win user, but just go to https://github.com/duality-solutions/Sequence and follow instructions
more info in doc folder

or join our discord channel and ask questions there and the wizards will get you through any problems

Visit us and ask any question on Discord



don't hesitate cause pretty soon we'll have this



anyway if you decide to stick around you'll find loads of old pals there on discord, with different nicknames maybe
and I'll send you a welcome package that you definitely deserve

[acquafredda]

Thank you ttoroie! I'll set my discord whatever it needs and I will join you there. I know things go on but I will never forget the old camel marching through the desert: I'll meet you on discord soon
Much appreciated welcome from your side

[andnet]

Dynamic network have botnet or GPU or ASICs. 3.5 Mh - 18 Mh on beastpool . This is the end, proffit is very small

[ttoroie]

This was discussed already on our discord

atm its only a person with an huge amount of miners, nothing more
seems network hash back  normal
botnet or no, It was aws

The increase in hash is good, someone is investing effort into the coin,
coins get more sparse and the price will follow...

Thus rise, thus for everybody who doesn't want to get rich quick, this is a good thing...
Please do let the coin rise in toughness,
Nobody will pay 10k for BTC if you could get them for 50 cents by mining....
Basic economics, ask and supply. Reduce supply to compensate at the ask part.

[ttoroie]

Update from devs

Sequence 1.2 is undergoing testing

- fixes to UI, for when you send SEQ and it doesn't show the fee
- updates leveldb to 1.20
- fixes decimals to show 8 places
- updates to the new logos/icons
- removes multisig ui
- updates all copyrights
- increases fee for splitblock as it was too low
- as well as many others  which will be announced once binaries are released

We are also in the middle of growing our development team across all aspects of the project
for Website/Platform, Wallet/Mobile Wallets, API's and a BaaS dev team.
If anyone has interest or skills that they believe would be of benefit to the project, please do get in touch via email:
s.lievens@duality.solutions

[ttoroie]

For Newcommers to Duality



Files will be updated weekly

[xiaopihai]

After opening the wallet and opening it again, you need to resync the blocks. What are the reasons?