DMD: is it worth it?

[alt-fan]

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 

Any ideas???

[HighRoad]

Looks like it is worth.

[mirrorreflected]

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]

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! 

Hope this helps you.

[zuper]

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!!!"  

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]

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   

[china01]

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]

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]

The name DMD decide how far it goes, I believe

[zuper]

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]

Why don't you use google translate? 

[china01]

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]

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

Thanks

[zuper]

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  

[Hazard]

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

[gmg]

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]

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.

[unreal37]

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!!!"  

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]

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]

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