[ANN] Diamond DMD - new PoW/PoS coin | Super random blocks | Only 4.38 mil total

[ethought]

New pool is finished:

PPLNB (PPS)
Vardiff Stratum
Custom made front and backend
payments every 5 minutes

http://www.miningpool.co




Please Note:

The old pool http://diamondcoin.miningpool.co will be closing down on the 10th of September.

[Hippie Tech]

diff in cgminer u have to divide with 65536.
dont know why, but that works.

Fyi.. That is how many shares it will take, on average, to find a block at 1.0 diff.

This also had me confused a while ago. lol

@gmg Congrats !

May the DMD be with you. 

Tip: Set the expiry in Cgminer to 30 or 1, if your internet connection is fast or free'd up enough to handle the extra traffic. This will reduce the rejects/stales.

gl

[gmg]

diff in cgminer u have to divide with 65536.
dont know why, but that works.

Fyi.. That is how many shares it will take, on average, to find a block at 1.0 diff.

This also had me confused a while ago. lol

@gmg Congrats !

May the DMD be with you. 

Tip: Set the expiry in Cgminer to 30 or 1, if your internet connection is fast or free'd up enough to handle the extra traffic. This will reduce the rejects/stales.

gl

Thanks for the tip, but DMD has been a pleasant surprise up to now: after 34 hours of mining on a single 7870, I've found 11 blocks and had only 3 rejects 

[SardonicJester]

Just as a heads up:

There seems to be an issue with the dmd.minar.cc pool.

Webpage is reporting 0 pool hashrate. Workers are showing 0. Appears dead.

CGMINER reporting no servers can be used.

[sheinsha]

Just as a heads up:

There seems to be an issue with the dmd.minar.cc pool.

Webpage is reporting 0 pool hashrate. Workers are showing 0. Appears dead.

CGMINER reporting no servers can be used.

Stratum server froze but did not stop (crashed) so the monitoring soft did not restart it automatically, i dont know why..
Its up an running

[digeros]

Version 1.1 is released. This version added more checkpoints so making the coin more secure. Please upgrade although it is not a mandatory upgrade, you are highly encouraged to upgrade, to make this coin safer.

Both download links and source code in github are updated.


Diamond - DMD, the latest PoW/PoS coin which combines the best of all the alt coin!

Diamond combines the best from Bitcoin/Litecoin/Novacoin/Luckycoin/Florincoin, it uses both Proof of Work and Proof of Stake. This provides a excellent resistence to 51% attack. It also combines the random block feature from Luckycoin, making it the first coin in Pow/PoS category to use random blocks. It also supports transaction comments like Florincoin, so when you send transactions to the cosmos, you and your receiver won't be lost! This coin has very low transaction fees. It provides steady coin supply at 1 diamond per block for 8 years. Diamond is one of the best of the alt coins exist today.


The official website:
http://diamondcoin.net


Specifications:
   - Proof of work/Proof of stake
   - Scrypt
   - Each normal block has 1 diamond
   - 1 minute block time
   - 1500 diamonds per day including bonus blocks
   - Difficulty retargets every block
   - Mining will last for 8 years
   - Expected total coins will be 4,380,000 diamonds
   - 3 confirmations for transaction
   - 50 confirmations for minted blocks
   - Low transaction fees.
   - Every day on average there are randomly:
      - 10 bonus blocks with 2 diamonds each
      - 3 super blocks with 8 diamonds each
      - 1 super+ block with 30 diamonds
   - The default ports are 17771(Connect) and 17772(RPC).

QUESTION:::  WHAT IS THE POS PAYMENT RATE in annual interest???  - digeros

[skl1]

Any block chain explorer?

[Pmalek]

This coin definitely needs a team. Dev is not active enough...

[cryptohunter]

Yep come on devs what is happening with this coin??

[Hippie Tech]

We are Devless !!

If I knew what I was doing.. I would take over this coin.

At least the website still works.

[cryptohunter]

shame since the coin was such a good design and the name diamond coin is quite awesome, since everyone associates diamonds with being one of the most valuable things one can own.

For another dev to take over with it, what would they have to do? would they have to reset the blockchain and we all lose our diamonds or is there another way?

[Pmalek]

We are Devless !!

If I knew what I was doing.. I would take over this coin.

At least the website still works.

Please do! Johnluc said he was open to such thing as long as it benefits the coin...

Here is my thread where I proposed such thing: https://bitcointalk.org/index.php?topic=271473.0

[Hippie Tech]

I'll look into it when I have the time, Pmalek. The main thing now is promotion !

I would like to announce that I am putting up 75 DMD bounty for a block explorer. If you would like to contribute to this, post your pledge and/or send to the addy below.
dZmBcsh8EHRqkJsBn44JL5FvpvBML9zij3

[Pmalek]

Promotion is acctualy only thing this coin needs...

[BitJohn]

Is there a working block explorer?

[Hippie Tech]

Is there a working block explorer?

Sup BitJohn.

Not as far as I know.

[BitJohn]

Is there a working block explorer?

Sup BitJohn.

Not as far as I know.

Pitty

[Hippie Tech]

Promotion is acctualy only thing this coin needs...

As backwards as this may sound, as Dev, I would take DMD off the markets so that it becomes more exclusive and/or hard to get. This will also help with keeping DMD off of the ('coughs' PARASITE) coin hopper pool's radar.

Without an exhange at hand, people will resort to using escrow and/or make person to person transactions. This will facilitate trust among the early adopters and enthusiasts of DMD and other crypto communities.

Let us, and not the trade-bot bubble blowers, decide what our work is worth !

HT xD

[Pmalek]

I think that would kill the coin...

[Hippie Tech]

I think that would kill the coin...

Its on one now.. Do you see it helping us much ?

This isn't a mine n dump coin and it didn't take long for the traders to realize that fact. This is why they will continue to artificially lower the price and hope that the miners will eventually panic n dump.

As the trade volume shows.. IT AINT HAPPENING. lol