Bitcoin Forum
October 31, 2024, 10:54:00 PM *
News: Bitcoin Pumpkin Carving Contest
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: DMD: is it worth it?  (Read 1629 times)
alt-fan (OP)
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
November 30, 2013, 07:09:25 PM
 #1

Does anyone has any experience with Diamond (DMD)? It's very rare, i think only 200,000 coins or so exist, so it has a huge margin to increase in price.

I see difficulty has jumped from 0.05 to 0.40 and price on cryptsy also multiply 20 times!

Plus new pools are coming out (https://bitcointalk.org/index.php?topic=353396.new#new)!

And profitability compared to bitcoin is like 3,000% (according to coinwarz.com).

Looks interesting  Wink

Any ideas???
HighRoad
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile WWW
November 30, 2013, 07:13:40 PM
 #2

Looks like it is worth.
mirrorreflected
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
November 30, 2013, 07:19:09 PM
 #3

I have no idea.

However, it looks interesting to see 3000% profit. Will check it and come back and reply you with my opinion.
gmg
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
November 30, 2013, 09:03:02 PM
 #4

I am mining with one 7870 card (250-280 Khash) and I'm getting 6 mBTC per day, which is A LOT more than the 0.2 mBTC that I'm getting when mining for BTC directly.

I started to mine to convert to BTC, but the price keeps climbing so I'm sticking to DMD instead!  Grin

Hope this helps you.
zuper
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
December 01, 2013, 12:24:42 PM
 #5

Diamond is a really interesting case of altcoin! Many ppl believe in it.
"If BTC is gold and LTC is silver, then DMD is, well, DIAMOND!!!"  Smiley

Some basic DMD facts and statistics:
- DMD is an ASIC-resistant scrypt coin.
- It combines proof-of-work and proof-of-stake, providing excellent resistance to 51% attacks.
- No pre-mining!
- It is super scarce: only 4.38 million DMD will be created in eight years. Linear creation means early users do not have an unfair advantage (no block reward halving ever).
- Block time is one minute and each block contains 1 DMD.
- Every day, 10 random contain 2 DMD (bonus blocks), 3 blocks contain 8 DMD (super blocks), and one block contains 30 DMD (super+ block)!
- Difficulty re-targets at every block.

Feel free to try our new pool: http://www.dmdpool.net
alt-fan (OP)
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
December 02, 2013, 02:30:42 PM
 #6


I downloaded the wallet and waited until it synchronised. But in the bottom it still says Checkpoint too old, please wait for block chain to download or notify the developers. Is that normal?

By the way, price is still looking good   Cool
china01
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 02, 2013, 03:36:22 PM
 #7

At present China market has been opened, www.btc38.com China most fire trading platform, I hope DMD can the trading site or bit.
woobo
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile
December 02, 2013, 03:44:43 PM
 #8

Based on its current price and the value it may have in some time (who knows?), you can lose very little and win a lot.
So yes it is worth it.
china01
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 02, 2013, 03:47:36 PM
 #9

The name DMD decide how far it goes, I believe
zuper
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
December 02, 2013, 07:53:23 PM
 #10

At present China market has been opened, www.btc38.com China most fire trading platform, I hope DMD can the trading site or bit.

Can you provide me contact info for btc38?
I cant understand anything...
gmg
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
December 02, 2013, 08:25:22 PM
 #11


Why don't you use google translate?  Grin
china01
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 03, 2013, 12:59:06 AM
 #12

At present China market has been opened, www.btc38.com China most fire trading platform, I hope DMD can the trading site or bit.

Can you provide me contact info for btc38?
I cant understand anything...
You can translate the use of Google browser
alt-fan (OP)
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
December 03, 2013, 05:05:54 PM
 #13

I'm looking to buy around 1 BTC worth of DMD. If anyone is interested, PM me.

Thanks
zuper
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
December 04, 2013, 12:04:53 AM
 #14

I'm looking to buy around 1 BTC worth of DMD. If anyone is interested, PM me.

Thanks

Cryptsy has already DMD/BTC exchange option https://www.cryptsy.com/markets/view/72
One more big "player" is planning to add DMD/BTC soon. Until then, i m thinking to buy some more diamonds  Grin
Hazard
Legendary
*
Offline Offline

Activity: 980
Merit: 1000



View Profile WWW
December 04, 2013, 12:05:41 AM
 #15

About as worth it as real world diamonds, if you know what I mean.

gmg
Member
**
Offline Offline

Activity: 108
Merit: 10


View Profile
December 04, 2013, 05:11:25 PM
 #16

About as worth it as real world diamonds, if you know what I mean.

I don't know whether it will ever be worth as real world diamonds, but it used to be priced at around 1 cent (in USD fiat) and it's now at 80, even after correcting after the recent frenzy in all cryptos. That's not a bad gain at all!

Hopefully with the recent takeover, it'll be able to establish itself as a serious alt competitor. Then, it'll be worth many dollars (or BTC!) soon.

china01
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 04, 2013, 05:24:27 PM
 #17

DMD is currently not many people are concerned, so the short-term value is not too high, who can contact the author hopes to BTER or DMD extended to some more global trading platform. Smiley Smiley
unreal37
Newbie
*
Offline Offline

Activity: 5
Merit: 0


View Profile
December 10, 2013, 02:19:04 PM
 #18

Diamond is a really interesting case of altcoin! Many ppl believe in it.
"If BTC is gold and LTC is silver, then DMD is, well, DIAMOND!!!"  Smiley

Some basic DMD facts and statistics:
- DMD is an ASIC-resistant scrypt coin.
- It combines proof-of-work and proof-of-stake, providing excellent resistance to 51% attacks.
- No pre-mining!
- It is super scarce: only 4.38 million DMD will be created in eight years. Linear creation means early users do not have an unfair advantage (no block reward halving ever).
- Block time is one minute and each block contains 1 DMD.
- Every day, 10 random contain 2 DMD (bonus blocks), 3 blocks contain 8 DMD (super blocks), and one block contains 30 DMD (super+ block)!
- Difficulty re-targets at every block.

Feel free to try our new pool: http://www.dmdpool.net

I guess it's not really resistant to 51% attacks after all. Sorry you're probably having a tough day.
MisO69
Legendary
*
Offline Offline

Activity: 1946
Merit: 1005


My mule don't like people laughing


View Profile
December 10, 2013, 02:31:36 PM
 #19

According to this topic the blockchain is forked and they are working on a fix. https://bitcointalk.org/index.php?topic=255806.560

Do not mine this coin until the new client is released and blockchain fork fixed. Otherwise all the coins you mine will likely be invalid.

zuper
Full Member
***
Offline Offline

Activity: 162
Merit: 100


View Profile
December 11, 2013, 03:00:48 AM
 #20

Updated to forkfix!:
https://github.com/palmd/diamondcoin

Forkfix win client (must download new chain to use!)
https://sourceforge.net/projects/philosopherstone/files/DMD/

Instructions for new forkfix client: (Windows)
Make sure to clear directory of old chain, peers, everything except wallet and .conf file.

Start new client and wait for sync
then solo mine
done.


Make sure to delete old blockchain files (except wallet and .conf) or you will cause another fork!

Miners?

Pool up and chain fixed

http://dmdpool.net/index.php?page=statistics

test out the low difff
Pages: [1] 2 »  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!