Bitcoin Forum
January 25, 2021, 01:20:12 AM *
News: Latest Bitcoin Core release: 0.21.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 6868 6869 6870 6871 6872 6873 6874 6875 6876 6877 6878 6879 6880 6881 6882 6883 6884 6885 6886 6887 6888 6889 6890 6891 6892 6893 6894 6895 6896 6897 6898 6899 6900 6901 6902 6903 6904 6905 6906 6907 6908 6909 6910 6911 6912 6913 6914 6915 6916 6917 [6918] 6919 6920 6921 6922 6923 6924 6925 6926 6927 6928 6929 6930 6931 6932 6933 6934 6935 6936 6937 6938 6939 6940 6941 6942 6943 6944 6945 6946 6947 6948 6949 6950 6951 6952 6953 6954 6955 6956 6957 6958 6959 6960 6961 6962 6963 6964 6965 6966 6967 6968 ... 6972 »
  Print  
Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9669809 times)
qwizzie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1243



View Profile
November 14, 2020, 08:16:10 PM

Oh my, a plane going down  Shocked
Seems a bit dramatic.

A full page of discussing just hard forks. What is next to discuss ? Anyone ?
Let me just put this up, in case anyone overlooked it :

Dash Core v0.16.1.0 has been released
This is a new minor version release, bringing various bugfixes and improvements.
Download:
https://www.dash.org/downloads/#wallets
Release Notes:
https://github.com/dashpay/dash/blob/v0.16.1.0/doc/release-notes.md


The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1611537612
Hero Member
*
Offline Offline

Posts: 1611537612

View Profile Personal Message (Offline)

Ignore
1611537612
Reply with quote  #2

1611537612
Report to moderator
toknormal
Legendary
*
Offline Offline

Activity: 2394
Merit: 1180


View Profile
November 14, 2020, 08:22:50 PM


Oh my, a plane going down  Shocked
Seems a bit dramatic.

Well we could always rotate the background to make it look less alarming.

Like pretending that using capital drawdowns to pay for masternode margins adds more value to the chain than mining does even if they get spent on holiday cruises instead of upwards difficulty adjustments.


qwizzie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1243



View Profile
November 14, 2020, 08:26:40 PM


Oh my, a plane going down  Shocked
Seems a bit dramatic.

Well we could always re-orientate the background to make it look a bit better.




It is not exactly a Dash plane, is it ? Could be a Bitcoin Cash plane or a Ripple plane, or a Cardano plane, or an IOTA plane, or an NEO plane.
Difficult to tell, really. They all look so similar  Undecided

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2394
Merit: 1180


View Profile
November 14, 2020, 08:28:12 PM


No. It's a Dash plane.
qwizzie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1243



View Profile
November 14, 2020, 08:32:05 PM


No. It's a Dash plane.

I thought most planes are grounded anyways ? Due to Covid-19 and all ?
Maybe that plane is actually sitting comfortable, safe and stable on the ground and is just waiting for things to recover again ?

Oh my, is that a recovery i see ?


Link : https://cryptowat.ch/charts/BINANCE:DASH-USDT?period=1d

Time will tell, i guess.

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2394
Merit: 1180


View Profile
November 14, 2020, 08:46:53 PM


Oh my, is that a recovery i see ?...Time will tell, i guess.

Wake me up when we get back to 2 decimals of BTC (as a start).

Until then $USD "recoveries" are thanks only to us proxying for fully-mined BTC growth.
qwizzie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1243



View Profile
November 14, 2020, 08:53:15 PM


Oh my, is that a recovery i see ?...Time will tell, i guess.

Wake me up when we get back to 2 decimals of BTC (as a start).

Does that mean you are going into hibernation ?



On an empty stomach ?  Undecided

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2394
Merit: 1180


View Profile
November 14, 2020, 08:57:56 PM


Does that mean you are going into hibernation ?

Well according to you I shouldn't have to because our wonderful new "store-of-value" protocol which shifts money from upwards difficulty adjustments and re-distributes it to masternode holiday cruises, is going to deliver startling #pumpIsComing results.

So I'm staying awake for an early christmas Wink
qwizzie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1243



View Profile
November 14, 2020, 09:00:28 PM


Does that mean you are going into hibernation ?

So I'm staying awake for an early christmas Wink

Use these !! (don't worry, they are brand new)



Who knows what you will find in them....

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
toknormal
Legendary
*
Offline Offline

Activity: 2394
Merit: 1180


View Profile
November 14, 2020, 09:07:50 PM


Use these !! (don't worry, they are brand new)



A greeting.
jdmcg
Member
**
Offline Offline

Activity: 220
Merit: 22


View Profile
November 14, 2020, 10:04:59 PM


With respect I think you're the one who's in "denial", jdmcg.

You've been presented with facts-a-plenty but tend to engage the way you have above - by addressing the motivations of the poster rather than the matter at hand. The fact that masternode profits come from a capital drawdown while mining rewards do not, is academic. The fact that hybrid mining is supported and economically encouraged by Dash protocol is also academic. thunderjet's commentaries are made in good faith in that regard as far as I can see. You're the one that's being evasive.

The point you make regarding the scaling on the graphs above is a straw man because the loss of competitively in chain utility with XMR and LTC is unambiguous. Further, it's kind of ironic that the Dash transaction chart is so ridiculously rescaled. When you think about the reason for that, it's due it having to accommodate the stress tests which were conducted to address a problem we don't have - scaleability. (Would that we did have such a problem).

Regarding "the vote has been taken" perspective, if the governance system becomes a mechanism for institutionalised denial rather than constructive progress then we really are in trouble. These issues exist independently of the governance system and are addressed by the market if not by the community.


Facts have already been presented to counter your "facts" too many times already. Everyone can decide for themselves but for me, motives are important. For anyone willing to enter into a discussion I first assume they are there in good faith. But your own posts have shown you are willing to distort figures so that they better fit your narrative. That may be fine for you and maybe others here but it tells me there's little room for an honest debate. I'm not really interested in fact checking everything you post.

I do however encourage you to take your fork to the next level. I think that would be a positive change for you and take you out of the negativity rut you find yourself in. A good number of cryptos are forks of BTC anyway and many of these are open source experiments trying to create the best means of value transfer. Will it succeed? I don't know but it's the best way for you to take your theory and prove it in the real world. If it works, I'd be one of the first to admit I was wrong. Good luck. I mean that most sincerely.
xkcdd
Jr. Member
*
Online Online

Activity: 66
Merit: 1


View Profile
November 15, 2020, 06:20:39 AM

WOW!  What an exciting time to be in DASH!  Last week the miners gave us a picture perfect finish with locking in the realloc hardfork, it now gestates for a week and the first adjustment to the block reward will be made after the next Superblock pays out in 13 days time !!!!  Grin

Not only that, but DCG have commited to flipping  Tongue the SPORK on the 17th of Nov to fork off about a 1000 legacy nodes clinging to old versions.   Cheesy  Once the spork is active, the network will become one again and joyous time can he had by all.  I do expect to see some selling from bears that would rather the network didn't upgrade and to that end I have put together a fantastic resource for us!

Introducing DASH Legacy Nodes from the team behind MNOWatch !  Kiss
https://mnowatch.org/legacynodes/

This page is a list of collateral addresses belonging to masternodes that are still running an old version of the dashd daemon  Shocked  We also provide the current PoSe score and address balance.  Once the SPORK is flipped, the network will start PoSe banning these nodes and we can expect them to act.  Either they upgrade, or they sell.  This page is how you can track that.
xkcdd
Jr. Member
*
Online Online

Activity: 66
Merit: 1


View Profile
November 15, 2020, 06:32:37 AM


I just been looking at some of the mining pool websites and found this interesting on the Luxor Mining pool website

https://medium.com/luxor/dash-block-reward-proposal-62204cf71c96

It seems they at least are voicing concerns, (even though apparently supporting the change).


https://imgur.com/a/O8xkllW

This was post on 26th of June, Luxor mining have since changed their position on that, but why?  Huh
They have changed their minds, because they can see that the allocation of capital to masternodes will improve the ROI and make DASH a more desirable asset to hold and thus drive investment into the coin.  This has been proven by previous price action in the 2016-2017 bull market where there was a frenzy to accumulate masternodes and the rewards got so high that they alone were able to pay off the initial investment of early adopters like TokeNormal, Qwizze, afbitcoins and their ilk.  Shocked

I don't think DASH will ever see a powerful bull run like that again, this time they will sell the move, but it will see significant price improvements next year based on this shifting of capital to more productive avenues.
xkcdd
Jr. Member
*
Online Online

Activity: 66
Merit: 1


View Profile
November 15, 2020, 07:03:50 AM

Is DASH mining profitable?  Huh We've heard some FUD over the past several pages, let's examine the situation.
Best DASH miner https://strongu.com.cn/Home/Goods/goodsInfo/id/263.html?lang=en-us 420GH/s @ 2100W, cost of electricity?  Hard to know for sure, but miners are paying wholesale, let's try with 5c/kW/hr.  Current network difficulty and price  https://stats.masternode.me/network-report/391814  6,080.12 TH/s network hashrate, $75.74 dash/USD.  Blocktime 2.625 minutes and coinbase 1.44 DASH.  Right!  Let's get to work!

One miner is .42TH/s or 1/14476th of the nework's hashrate, so he is getting 1.44/14476 = 9.947172095e-5 DASH every 2.625 minutes, or 0.052567 DASH/day.  That is $4.13/day based on current price, his electricity costs would be $0.05kw/hr * 24hr * 2.1kw/hr = $2.52 per day


So, the summary is the miner is making $4.13 a day.
The electricity is costing him $2.52 a day.
The profit is $1.61, or 39%.

Seems that mining is profitable, that must explain why the hashrate is up.  Sure I have accounted for the CAPEX here, but getting bulk miner pricing is also hard, then there is the matter of tax write-offs on a depreciating asset, when running a business, these costs can be driven down very low.
qwizzie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1243



View Profile
November 15, 2020, 08:20:50 AM
Last edit: November 15, 2020, 09:33:34 AM by qwizzie

WOW!  What an exciting time to be in DASH!  Last week the miners gave us a picture perfect finish with locking in the realloc hardfork, it now gestates for a week and the first adjustment to the block reward will be made after the next Superblock pays out in 13 days time !!!!  Grin

Not only that, but DCG have commited to flipping  Tongue the SPORK on the 17th of Nov to fork off about a 1000 legacy nodes clinging to old versions.   Cheesy  Once the spork is active, the network will become one again and joyous time can he had by all.  I do expect to see some selling from bears that would rather the network didn't upgrade and to that end I have put together a fantastic resource for us!

Introducing DASH Legacy Nodes from the team behind MNOWatch !  Kiss
https://mnowatch.org/legacynodes/

This page is a list of collateral addresses belonging to masternodes that are still running an old version of the dashd daemon  Shocked  We also provide the current PoSe score and address balance.  Once the SPORK is flipped, the network will start PoSe banning these nodes and we can expect them to act.  Either they upgrade, or they sell.  This page is how you can track that.

Interesting link to keep a watch on masternodes running older versions (legacy nodes) and keeping a track on their PoSe score and see if their collateral is still intact or not.
Thank you.

Once these legacy nodes get PoSe banned, there will be a moving up in the payment queue for those masternodes that are on v.0.16.0.1 or higher.
Could be an early christmas gift for those masternode operators that updated their masternode software, before spork 21 flips on in two days.

Going from a PoSe score to PoSe ban could take a few days or could go rather quickly, depending on those legacy nodes getting multiple times selected to participate in DKG and failing those sessions,
thereby receiving 66% punishment / high PoSe score with each failed session.

Source : https://dashcore.readme.io/docs/core-guide-dash-features-proof-of-service

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
thunderjet
Sr. Member
****
Offline Offline

Activity: 916
Merit: 312


View Profile
November 15, 2020, 01:23:46 PM

Is DASH mining profitable?  Huh We've heard some FUD over the past several pages, let's examine the situation.
Best DASH miner https://strongu.com.cn/Home/Goods/goodsInfo/id/263.html?lang=en-us 420GH/s @ 2100W, cost of electricity?  Hard to know for sure, but miners are paying wholesale, let's try with 5c/kW/hr.  Current network difficulty and price  https://stats.masternode.me/network-report/391814  6,080.12 TH/s network hashrate, $75.74 dash/USD.  Blocktime 2.625 minutes and coinbase 1.44 DASH.  Right!  Let's get to work!

One miner is .42TH/s or 1/14476th of the nework's hashrate, so he is getting 1.44/14476 = 9.947172095e-5 DASH every 2.625 minutes, or 0.052567 DASH/day.  That is $4.13/day based on current price, his electricity costs would be $0.05kw/hr * 24hr * 2.1kw/hr = $2.52 per day


So, the summary is the miner is making $4.13 a day.
The electricity is costing him $2.52 a day.
The profit is $1.61, or 39%.

Seems that mining is profitable, that must explain why the hashrate is up.  Sure I have accounted for the CAPEX here, but getting bulk miner pricing is also hard, then there is the matter of tax write-offs on a depreciating asset, when running a business, these costs can be driven down very low.



It will be great if it works as advertised.Unfortunately, Strong STU-U6 proved as a great failure.First,it got with a hashrate 50% lesser than advertised and power consumption almost double higher.Even then, it did not work with these highly reduced features,frequently failed after just 2-3 weeks of work.Forum is full of posts of angry people who bought it:

https://bitcointalk.org/index.php?topic=5210117.0

https://bitcointalk.org/index.php?topic=5202561.0


Soon after,its reseller Eastshore posted that company which made Strong STU-UT6 is on the brink of bankruptcy,riddled with debt to suppliers and customers:








The best DASH miner which REALLY works is Spondoolies SPx36. It gets 540GHS with power consumption of 4400W and staggering price of $7000 per unit:

https://www.spondoolies-tech.com/products/spx36


Even such beast of miner is largely unprofitable with the cheapest electricity of just  $0.05.It should be noted that many miners does not have access to such cheap electricity:







So,as you see ,it is not FUD.  You cant mine DASH and be profitable even with the best available miner on the market and with access to the cheapest electricity.


xkcdd
Jr. Member
*
Online Online

Activity: 66
Merit: 1


View Profile
November 15, 2020, 04:18:15 PM

The SPx36 gets you to breakeven using the calculations I provided before, that assumes miners run a full duty cycle which they do not.  Still no evidence of miners running masternodes though.
toknormal
Legendary
*
Offline Offline

Activity: 2394
Merit: 1180


View Profile
November 16, 2020, 01:42:35 AM


The SPx36 gets you to breakeven using the calculations I provided before, that assumes miners run a full duty cycle which they do not.  Still no evidence of miners running masternodes though.

We must always remember that a masternode IS a miner. It receives the primary supply directly therefore it's a miner by definition in any analytical model of mining protocol.

Moreover, it's a zero-difficulty miner.
qwizzie
Legendary
*
Offline Offline

Activity: 2492
Merit: 1243



View Profile
November 16, 2020, 03:51:32 AM
Last edit: November 16, 2020, 04:11:54 AM by qwizzie


The SPx36 gets you to breakeven using the calculations I provided before, that assumes miners run a full duty cycle which they do not.  Still no evidence of miners running masternodes though.

We must always remember that a masternode IS a miner. It receives the primary supply directly therefore it's a miner by definition in any analytical model of mining protocol.

Moreover, it's a zero-difficulty miner.

Nonsense. Just because a masternode receives a part of the blockrewards, does not mean a masternode is a miner. To be a miner, it needs to be able to mine.
Masternodes can not mine.

In my opinion this is just an attempt of toknormal to avoid admitting in public, that there is no evidence of miners running masternodes.

The fastest way to lose money, is to listen to people that present their personal assumptions as facts
Learn from the past, set detailed and vivid goals for the future and live in the only moment of time over which you have any control : now
xkcdd
Jr. Member
*
Online Online

Activity: 66
Merit: 1


View Profile
November 16, 2020, 05:52:13 AM

Moreover, it's a zero-difficulty miner.

You make it sound like running a Masternode is so easy and so profitable, but that is not true.  Here are list of reasons why a masternode is not a 'zero-difficulty miner'....

  • In order to run a masternode you need to purchase 1000 DASH about $77,000 kUSD currently.
  • You have to run a VPS, cheapest possible is $5/month with allNodes, or $20/month if you run it yourself.
  • You are exposed to currency risk, DASH has traded between $40 and $130 this year alone!
  • you are exposed to oppurtunity risk, DASH has underperformed ETH and BTC this year.
  • You are exposed to cuck and theft risk, BYOB comes with risks, over the past 2 years several 100 thousand DASH have been stolen.

All these risks and costs need to be factored in when considering running a masternode, this means for a lot of people running a masternode for 5.6% ROI (in DASH) per year is not a good investment.  So, how can the difficulty be zero?
Pages: « 1 ... 6868 6869 6870 6871 6872 6873 6874 6875 6876 6877 6878 6879 6880 6881 6882 6883 6884 6885 6886 6887 6888 6889 6890 6891 6892 6893 6894 6895 6896 6897 6898 6899 6900 6901 6902 6903 6904 6905 6906 6907 6908 6909 6910 6911 6912 6913 6914 6915 6916 6917 [6918] 6919 6920 6921 6922 6923 6924 6925 6926 6927 6928 6929 6930 6931 6932 6933 6934 6935 6936 6937 6938 6939 6940 6941 6942 6943 6944 6945 6946 6947 6948 6949 6950 6951 6952 6953 6954 6955 6956 6957 6958 6959 6960 6961 6962 6963 6964 6965 6966 6967 6968 ... 6972 »
  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!