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Palmdetroit
Legendary
 Offline
Activity: 910
Merit: 1000
PHS 50% PoS - Stop mining start minting
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November 30, 2013, 07:57:12 PM |
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The price is currently 0.0005, that's 0.5$/DTC.
That's great.
It could be much better. DTC are extremely hard to mine. Dif seems to still be rising too |
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bidji29
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November 30, 2013, 07:58:39 PM |
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yeah 9.62 diff . Only 1 week after the launch.
Primecoin made it in 1 month...
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maxsolnc
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November 30, 2013, 08:14:19 PM |
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yeah 9.62 diff . Only 1 week after the launch.
Primecoin made it in 1 month...
You should wait for promotions that will come soon... possibly together with pool  |
DTC: DMcKNp47fNtgM7sritK9GfJEQ1DzME5nwk
BTC: 1FgUGra685ZwkrX5VnRvfaYp4bHJhC7x4H
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Sharky444
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December 01, 2013, 12:40:59 AM |
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will it be on ypool.net?
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maxsolnc
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December 02, 2013, 07:23:47 AM |
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will it be on ypool.net?
still no answers from ypool, their admin seems to have some individual thoughts against Datacoin  Anyway, fix from oocook5u should come soon, in this case it will be much easier to create our own pool (or several pools) |
DTC: DMcKNp47fNtgM7sritK9GfJEQ1DzME5nwk
BTC: 1FgUGra685ZwkrX5VnRvfaYp4bHJhC7x4H
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Sharky444
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December 02, 2013, 08:06:19 AM |
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What fix are you talking about? Is there a problem with Datacoin?
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maxsolnc
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December 02, 2013, 08:09:07 AM |
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What fix are you talking about? Is there a problem with Datacoin?
I mean getwork fix in daemon - it is not problem for the network, it is only small fix for pool creation. |
DTC: DMcKNp47fNtgM7sritK9GfJEQ1DzME5nwk
BTC: 1FgUGra685ZwkrX5VnRvfaYp4bHJhC7x4H
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maxsolnc
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December 02, 2013, 09:20:07 AM |
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oocook5u still not online, but I checked repo and....
Important update: getwork is fixed, seems that now it's possible to point external miners to daemon. Our team will check that soon and inform you. If result is OK, pools will come very soon!
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DTC: DMcKNp47fNtgM7sritK9GfJEQ1DzME5nwk
BTC: 1FgUGra685ZwkrX5VnRvfaYp4bHJhC7x4H
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Sharky444
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December 02, 2013, 10:02:18 AM |
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Yay! If any pool open, please post the data also in this thread. Solo mining DTC sucks.
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Gontxi
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December 03, 2013, 01:54:35 AM |
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oocook5u still not online, but I checked repo and....
Important update: getwork is fixed, seems that now it's possible to point external miners to daemon. Our team will check that soon and inform you. If result is OK, pools will come very soon!
waiting for good news...  |
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bidji29
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December 03, 2013, 10:50:04 AM |
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I think we should see pool pop-up soon
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cryptrol
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December 03, 2013, 01:40:10 PM
Last edit: December 03, 2013, 01:52:22 PM by cryptrol |
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Is there someone willing to sell Datacoin bellow market price (or donate) to me ? DLjcy3vu8KhMGbqbEtRcrGQUEweuMpiZqs I have been building a website to help people get/put data from the blockchain, the site is almost done but I want to do some testing before opening it to beta, it's just I don't want to spend my few DTC testing. Considering a full block of data costs almost 50 DTC, storage is REALLY EXPENSIVE and DTC are really hard to mine in comparison. On a sidenote, is the testnet working ? I might go this way if I can't get cheap or free DTC ... Expect a semi-open beta in a day or two (or three ). |
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maxsolnc
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December 03, 2013, 01:55:07 PM |
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Is there someone willing to sell Datacoin bellow market price (or donate) to me ? DLjcy3vu8KhMGbqbEtRcrGQUEweuMpiZqs I have been building a website to help people get/put data from the blockchain, the site is almost done but I want to do some testing before opening it to beta, it's just I don't want to spend my few DTC testing. Considering a full block of data costs almost 50 DTC, storage is REALLY EXPENSIVE and DTC are really hard to mine in comparison. On a sidenote, is the testnet working ? I might go this way if I can't get cheap or free DTC ... Expect a semi-open beta in a day or two (or three ). how many coins do you need? |
DTC: DMcKNp47fNtgM7sritK9GfJEQ1DzME5nwk
BTC: 1FgUGra685ZwkrX5VnRvfaYp4bHJhC7x4H
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cryptrol
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December 03, 2013, 02:09:11 PM |
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Another thing that bothers me about Datacoin is why has the block reward gone down so fast ? Most coins are now in hand of early adopters whom may or may not be interested in storing data in the blockchain. A steady reward would allow for a steady amount of newly generated coins to be used for what the coin is designed to. If the inflation is so insane, storing data on the blockchain will also be too expensive.
And finally a question (and further comment) about the Datacoin wallets, do both wallet versions (normal and HP) store the full data blockchain ? Since storing the data doesn't seem mandatory one could live with only a coin wallet version (without the data) defeating the purpose of the coin. And BTW if storage is so expensive, those who keep the full blockchain available in the network should be rewarded, otherwise there is not much incentive to keep a growing blockchain in your hardrive.
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Sharky444
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December 03, 2013, 02:19:16 PM |
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This could be really a problem. The mining reward is so tiny, why should people mine long-term? If the difficulty rises to 10 in about a week all home-users will be locked out, unless they use a pool. But an army of PrimeMiners + one or two pools will not build a stable network. It will be centralized. I'm still mining, but thinking everyday about stopping. The block reward compared to storage cost is ridiculously low. 500 DTC/block would make sense.
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bidji29
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December 03, 2013, 02:50:29 PM |
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If you look at primecoin, you see the reward is still >10 /block. I think it will stay that way for datacoin too.
There was not much block mined <15 because the difficulity jumped really fast.
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cryptrol
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December 03, 2013, 02:57:32 PM |
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The block reward compared to storage cost is ridiculously low. 500 DTC/block would make sense.
A balance should be met between available storage and available coins, and storage should be expensive because you are paying for a distributed, permanent, censorship resistant storage. However something must be done to reward those who keep that storage online, I recall a thread here in the alt section that talked about proof-of-storage . Maybe the dev wants to take a look at that thread. |
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maxsolnc
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December 03, 2013, 03:05:28 PM |
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The block reward compared to storage cost is ridiculously low. 500 DTC/block would make sense.
A balance should be met between available storage and available coins, and storage should be expensive because you are paying for a distributed, permanent, censorship resistant storage. However something must be done to reward those who keep that storage online, I recall a thread here in the alt section that talked about proof-of-storage . Maybe the dev wants to take a look at that thread. I'm one of early adopters (yes, I'm speaking about it decently), and I donate to many people when they do anything for Datacoin, I'll donate to 'store files forever' project (look on main site), and any other projects that will be interesting and useful. Both wallets use the whole blockchain, of course. Reward is not 10x or 100x less than initial - it is only <2 times lower (compare it with many other coins that decreased 10x, 100x after such great difficulty increase) |
DTC: DMcKNp47fNtgM7sritK9GfJEQ1DzME5nwk
BTC: 1FgUGra685ZwkrX5VnRvfaYp4bHJhC7x4H
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