GhostPlayer
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 Offline
Activity: 1092
Merit: 1000
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June 20, 2014, 10:32:35 AM |
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How's your heat and wattage? Im way too happy just over 60ºC @ 650watt = 15 MH/s = 5x 280x = 3mh/card |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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JGCMiner
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June 20, 2014, 10:33:22 AM |
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1432 DRK shot just gone through in addition to the 2602.
This worries me.
When all these people buying masternodes get their servers up, they'll find that the revenue has halved or even quartered. Will they then all just cash straight back out ?
I am not really "worried", but I wonder if everybody buying understands the variability. MNs are like solo mining rather than pooled mining where you only get rewarded when your node is elected for service. I have a feeling we are going to get a lot of "my MN has not gotten paid, DRK is SCAM!!1!!1!" stupidity in the coming days.  |
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GhostPlayer
Legendary
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Activity: 1092
Merit: 1000
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June 20, 2014, 10:34:25 AM |
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I think the people who can afford to run masternodes would not have such weak hands
It's not a question of weak or strong hands, it's a question of a calculator and ROI - return on investment. Right now, ROI is 1.5 years. When all these nodes are setup it'll probably be about 4-5 years. It's simple statistics that that will be beyond many people's viability threshold. That is only taking in consideration DRK revenue. Coming from fiat, I am well well well over ROI'ed already, if I were to cash out. At current price, MN revenue only, I'll ROI FIAT by year's end. At this growth rate, I'll be MN revenue ROI FIAT by early August. |
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Xdragon
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June 20, 2014, 10:34:31 AM |
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How's your heat and wattage? Im way too happy just over 60ºC @ 650watt = 15 MH/s = 5x 280x = 3mh/card I just saw this, I am still on old amd drivers. Will try it later today probably |
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Klacik
Member
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Activity: 252
Merit: 10
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June 20, 2014, 10:35:00 AM |
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for all the newcomers, new drk traders, soon to be austronauts: place this code in dark.html, save it and double click it: (credits go to an other member here that has posted this millions pages before) <html>
<head>
<!-- Hi there! Donate @ Hypron.net! :) If you rip this site please give credit, thanks! -->
<meta charset="UTF-8">
<meta name=%26quot%3Bdescription%26quot%3B content="2x2 Darkcoin Chart Layout" />
<title>check out hypron.net!</title>
<style type="text/css">
body {margin:0px; padding:0px;}
.Table {display: table; width: 100%; height: 100%;}
.Row {display: table-row; width: 100%; height: 50%;}
.Cell {display: table-cell; overflow: hidden;}
.Cell iframe {height:107%; width:118%; border: 0px;}
</style>
</head>
<body>
<div class="Table">
<div class="Row">
<div class="Cell"><iframe src="https://bitcoinwisdom.com/markets/mintpal/drkbtc" seamless></iframe></div>
<div class="Cell"><iframe src="https://bitcoinwisdom.com/markets/cryptsy/drkbtc" seamless></iframe></div>
</div>
<div class="Row">
<div class="Cell"><iframe src="https://bitcoinwisdom.com/markets/bitfinex/drkbtc" seamless></iframe></div>
<div class="Cell"><iframe src="https://bitcoinwisdom.com/markets/bitfinex/drkusd" seamless></iframe></div>
</div>
</div>
</body>
</html> it will auto adjust in your screen size, Mintpal-Cryptsy DRK/BTC and Bitfinex DRK/BTC/USD charts from bitcoinwisdom. You can always press F11 to set your browser to full screen, press F11 to revert back to normal. thanks a lot  |
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UdjinM6
Legendary
Offline
Activity: 1318
Merit: 1040
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June 20, 2014, 10:42:12 AM |
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I think the people who can afford to run masternodes would not have such weak hands
It's not a question of weak or strong hands, it's a question of a calculator and ROI - return on investment. Right now, ROI is 1.5 years. When all these nodes are setup it'll probably be about 4-5 years. It's simple statistics that that will be beyond many people's viability threshold. There is no "standard" ROI for masternode like with ASICs or GPUs imo. You can take 1000 DRK out of your masternode at any moment and that will be the moment of "ROI". |
DASH: XsV4GHVKGTjQFvwB7c6mYsGV3Mxf7iser6
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Icebucket
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June 20, 2014, 10:45:15 AM |
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I think the people who can afford to run masternodes would not have such weak hands
It's not a question of weak or strong hands, it's a question of a calculator and ROI - return on investment. Right now, ROI is 1.5 years. When all these nodes are setup it'll probably be about 4-5 years. It's simple statistics that that will be beyond many people's viability threshold. That is only taking in consideration DRK revenue. Coming from fiat, I am well well well over ROI'ed already, if I were to cash out. At current price, MN revenue only, I'll ROI FIAT by year's end. At this growth rate, I'll be MN revenue ROI FIAT by early August. This also depends on the future price of DRK, likely it will be more than 10$ Lets say the future price will be 50$ and you are only getting 0.5 drk from your MN thats 25$ per day. Im looking at the MNs as a future income stream. Not just a yearly ROI |
“Every morning we are born again. What we do today is what matters most.”
― Gautama Buddha
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reda
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June 20, 2014, 10:48:02 AM |
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how is this possible ? i mean having a master node working with an offline wallet ..... |
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coinzcoinzcoinz
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June 20, 2014, 10:48:58 AM |
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Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?
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GhostPlayer
Legendary
Offline
Activity: 1092
Merit: 1000
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June 20, 2014, 10:51:28 AM |
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I think the people who can afford to run masternodes would not have such weak hands
It's not a question of weak or strong hands, it's a question of a calculator and ROI - return on investment. Right now, ROI is 1.5 years. When all these nodes are setup it'll probably be about 4-5 years. It's simple statistics that that will be beyond many people's viability threshold. That is only taking in consideration DRK revenue. Coming from fiat, I am well well well over ROI'ed already, if I were to cash out. At current price, MN revenue only, I'll ROI FIAT by year's end. At this growth rate, I'll be MN revenue ROI FIAT by early August. This also depends on the future price of DRK, likely it will be more than 10$ Lets say the future price will be 50$ and you are only getting 0.5 drk from your MN thats 25$ per day. Im looking at the MNs as a future income stream. Not just a yearly ROI Great minds think alike. Next stop, quit my life and start a new one. First step, learn cryptography, properly, and code. Then, invest and develop for a better world. https://www.coursera.org/course/crypto |
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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June 20, 2014, 10:54:38 AM |
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how is this possible ? i mean having a master node working with an offline wallet .....
See step 24 of this guide: https://darkcointalk.org/threads/how-to-set-up-ec2-t1-micro-ubuntu-for-masternode-part-2-3.241/Basically, the local node "talks" to the remote one and gives it the thumbs up that you've got the private key for the masternode wallet address. From that point on it can go offline and the wallet can too. I don't know how the system prevents you from "spending" the 1000 DRK following that handshake exchange, but presumably the remote masternode periodically checks the address to make sure the 1000 DRK's still there or something like that. |
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GhostPlayer
Legendary
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Activity: 1092
Merit: 1000
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June 20, 2014, 10:56:08 AM |
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Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?
Very valid point. I believe current prices will be dwarfed when DRK gets picked up to do micro-merchant tx and mega-private-tx. When this happens, DRK will be huge. Then yeah, if you want to buy a few Tesla S's for friends and family, you'll cash out a node and make a few gzillion dollars. By then, monthly revenue will adjust accordingly. But that has happened already last December with huge BTC "bagholders" dumping at 1000 USD/BTC. Price corrected at 650, and then th world got Gox'ed and after that PBoC FUD crashed to 350. by then, all eyes will be on DRK, so if there is such a dump, it will be eaten faster than a hot-dog at a hot-dog eating festival. |
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Scriptiee
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June 20, 2014, 10:56:33 AM |
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Here you can find a nice guide with pictures and whatnot on how to set up masternode with offline wallet. |
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predatorkill
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June 20, 2014, 10:57:01 AM
Last edit: June 20, 2014, 11:10:07 AM by predatorkill |
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How's your heat and wattage? Im way too happy just over 60ºC @ 650watt = 15 MH/s = 5x 280x = 3mh/card just tested it, removed the old drivers with DDU uninstaller in safe mode, it seems that the statements are true, the speeds are increased and the temps are almost the same. got to test it in older cards like 69xx 79xx, and also check the hashrate at the pools. |
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GhostPlayer
Legendary
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Activity: 1092
Merit: 1000
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June 20, 2014, 10:57:55 AM |
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just test it, removed the old drivers with DDU uninstaller in safe mode, it seems that the statements are true, the speeds are increased!
got to test it in older cards like 69xx 79xx, and also check the hashrate at the pools.
Excellent! What card you got? How are temps? Got a Kill-a-watt meter? Please do report back (better on the miner original thread though) https://bitcointalk.org/index.php?topic=658975.new#new |
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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June 20, 2014, 10:58:57 AM |
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Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?
No. Didn't the developer say that the max number of MN is 2000 or something? So that would be only 2M coins. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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GhostPlayer
Legendary
Offline
Activity: 1092
Merit: 1000
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June 20, 2014, 11:07:13 AM |
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You are one cool cat, Mr.President. Thank you very much! |
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predatorkill
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June 20, 2014, 11:07:38 AM |
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just test it, removed the old drivers with DDU uninstaller in safe mode, it seems that the statements are true, the speeds are increased!
got to test it in older cards like 69xx 79xx, and also check the hashrate at the pools.
Excellent! What card you got? How are temps? Got a Kill-a-watt meter? Please do report back (better on the miner original thread though) https://bitcointalk.org/index.php?topic=658975.new#newi do not have a watt meter, on my 6950,7950,7970 it gave me 1mh/s more in total, same temps like before. edit:pool reports correct hash rates. Excellent jobthis is my setup: 6970,2x7970,2x7950,280x toxic, 7970 club 3d 24.5mh/s in total. it was 19 mh/s before. |
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thelonecrouton
Legendary
Offline
Activity: 966
Merit: 1000
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June 20, 2014, 11:15:51 AM |
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Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?
No. Didn't the developer say that the max number of MN is 2000 or something? So that would be only 2M coins. If every DRK in existence right now was tied up in a masternode, there would be 4399 masternodes. At lowest reward (safe to assume) currently that would be ~0.131 DRK/MN/day ~ 48 DRK/year At 2000 MNs (a bit more realistic) it's 0.288 DRK/MN/day ~ 105 DRK/year At 1000 MNs it's 0.576 DRK/MN/day ~ 210 DRK/year At 500 MNs its 1.152 DRK/MN/day ~ 420 DRK/year Going with 1000 MNs as what IMO will be a good rough guess, each of my MNs will bring me in about £1500/year at current prices of 0.02DRK/BTC(@£350) 1000DRK currently costs ~£7000 so that's a 21% return per year. *At current prices, which are unlikely to remain this low if all goes well!* Plus with so many DRK/fiat exchanges popping up, the price of BTC will become increasingly less relevant to DRK holders. DRK is not an alt, it's a financial apex predator...  |
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