[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[georgem]

56 Masternodes would be pretty profitable considering almost no electricity usage to run them. Much better investment than mining equipment.

Now wait a minute.

It may be a better investment, but if everybody thought that and nobody would care to do energy expensive mining instead, then the coin would never keep the desired hashrate to secure the network.

The Masternodes are not here to secure the blockchain etc... they do a different job.

Without a secure transaction system the masternodes become pretty useless.

[1714704770]

1714704770

[1714704770]

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[thefrog]

56 Masternodes would be pretty profitable considering almost no electricity usage to run them. Much better investment than mining equipment.

Now wait a minute.

It may be a better investment, but if everybody thought that and nobody would care to do energy expensive mining instead, then the coin would never keep the desired hashrate to secure the network.

The Masternodes are not here to secure the blockchain etc... they do a different job.

Without a secure transaction system the masternodes become pretty useless.

With current price, you make red numbers when mining. You can make almost double the DRK/day by renting your rig and buying at current price.
And with masternodes, getting 20% of miners payments ... What reason does one have to mine ? Except take it as a hobby project ?

[yourstruly]

56 Masternodes would be pretty profitable considering almost no electricity usage to run them. Much better investment than mining equipment.

Now wait a minute.

It may be a better investment, but if everybody thought that and nobody would care to do energy expensive mining instead, then the coin would never keep the desired hashrate to secure the network.

The Masternodes are not here to secure the blockchain etc... they do a different job.

Without a secure transaction system the masternodes become pretty useless.

For people who already have the graphics cards, mining X11 is the best choice, those without are probably better off buying few thousand dark coins and running master nodes. Least that is how my math works out.

I'm working on setting up master nodes now and contemplating buying more to setup even more, but I would really like to be able to run multiple masternodes from one server instead of having to rent a dedicated and splitting it into several VP servers.

[toknormal]

Buybacks continuing on market.

19,000 on demand, 6000 on offer.

Sales of 0.164 DRK, 4.98 DRK and 30 DRK.

Buys of 2789 DRK

[Ignition75]

56 Masternodes would be pretty profitable considering almost no electricity usage to run them. Much better investment than mining equipment.

Ya myself and my family recently dropped 200k on a farm and I always wonder if I was better off buying 200k work of DRK lol...

[yourstruly]

RC3 Relaunch Strategy and Testing:

https://darkcointalk.org/threads/rc3-relaunch-strategy-and-testing.1482/

To the Moon !!!

To the moon comments do more to hurt the cryptocurrency than help.

[georgem]

With current price, you make red numbers when mining. You can make almost double the DRK/day by renting your rig and buying at current price.
And with masternodes, getting 20% of miners payments ... What reason does one have to mine ? Except take it as a hobby project ?

True, but somebody has to do the mining, even if it is not profitable.

If I were a big DRK holder I would let a few GPUs run, just to help my DRK keep their value.  

For people who already have the graphics cards, mining X11 is the best choice, those without are probably better off buying few thousand dark coins and running master nodes. Least that is how my math works out.

I'm working on setting up master nodes now and contemplating buying more to setup even more, but I would really like to be able to run multiple masternodes from one server instead of having to rent a dedicated and splitting it into several VP servers.

That is a good plan, and I understand your profitability calculation.

All I am saying is: somebody has to do the mining. Might aswell everybody help a little bit, instead of "hoping" that someone else will be stupid enough to do the not so profitable thing.

[psjbeisler]

With current price, you make red numbers when mining. You can make almost double the DRK/day by renting your rig and buying at current price.
And with masternodes, getting 20% of miners payments ... What reason does one have to mine ? Except take it as a hobby project ?

True, but somebody has to do the mining, even if it is not profitable.

If I were a big DRK holder I would let a few GPUs run, just to help my DRK keep their value.  

For people who already have the graphics cards, mining X11 is the best choice, those without are probably better off buying few thousand dark coins and running master nodes. Least that is how my math works out.

I'm working on setting up master nodes now and contemplating buying more to setup even more, but I would really like to be able to run multiple masternodes from one server instead of having to rent a dedicated and splitting it into several VP servers.

That is a good plan, and I understand your profitability calculation.

All I am saying is: somebody has to do the mining. Might aswell everybody help a little bit, instead of hoping that someone else will be stupid enough to do the not so profitable thing.

With the low heat/power needed for mining why not run a few. I threw 2 cards into my server to mine since its running 24/7 anyways.

[georgem]

With the low heat/power needed for mining why not run a few. I threw 2 cards into my server to mine since its running 24/7 anyways.

+1

That's what I am talking about. Thanks for your service to the God of Darkness!

[JGCMiner]

56 Masternodes would be pretty profitable considering almost no electricity usage to run them. Much better investment than mining equipment.

Now wait a minute.

It may be a better investment, but if everybody thought that and nobody would care to do energy expensive mining instead, then the coin would never keep the desired hashrate to secure the network.

The Masternodes are not here to secure the blockchain etc... they do a different job.

Without a secure transaction system the masternodes become pretty useless.

With current price, you make red numbers when mining. You can make almost double the DRK/day by renting your rig and buying at current price.
And with masternodes, getting 20% of miners payments ... What reason does one have to mine ? Except take it as a hobby project ?

Because not everybody has money for 1000 DRK and a lot of people already have mining equipment. Plus, a side effect of masternodes is increased price -- meaning that there is a very good reason to keep mining for the future.  This is not even counting the increased popularity (e.g. price) of the coin once Darksend is completely finished and open-sourced.

You have a point only if someone is planning to spend a large amount of money on a mining farm in which case they'd be better off buying DRK and setting up a node.

[georgem]

Plus, a side effect of masternodes is increased price -- meaning that there is a very good reason to keep mining for the future.

This is the beautiful thing about darkcoin. Masternodes and Mining are in a constant positive feedback loop with each other.
It's crazy. Many people have not yet grasped the implications of this.

So anonymity aside... this feedback loop alone is worth a lot of money.

[thefrog]

With the low heat/power needed for mining why not run a few. I threw 2 cards into my server to mine since its running 24/7 anyways.

+1

That's what I am talking about. Thanks for your service to the God of Darkness!

I am not saying that no one should mine. Just questioning how to motivate miners. MN owners are motivated by the 20% / block value taken from the miners. So miners get 20% less with MN payments on. That is a fact.
And the question to mine or not to mine - lets say you can rent out your mining power for 0.001 BTC / Mhs. Lets assume you have 200 Mhs on hand. Makes 0.2 BTC/day. With current price 0.0165 its aproximately 12 DRK/day. Which is almost double what you would get while mining directly.

And yes, I mine DRK, but my primary goal is to get as much DRK/day as possible, with the expectation of price rise.

[georgem]

I am not saying that no one should mine. Just questioning how to motivate miners. MN owners are motivated by the 20% / block value taken from the miners. So miners get 20% less with MN payments on. That is a fact.
And the question to mine or not to mine - lets say you can rent out your mining power for 0.001 BTC / Mhs. Lets assume you have 200 Mhs on hand. Makes 0.2 BTC/day. With current price 0.0165 its aproximately 12 DRK/day. Which is almost double what you would get while mining directly.

And yes, I mine DRK, but my primary goal is to get as much DRK/day as possible, with the expectation of price rise.

You know what... now that I think about it.... go ahead. Everybody buy more and more masternodes... who cares. Invest your life savings in DRK, why not.
Everytime you take 1000 DRK off the market you will play into the feedback loop that will make mining more profitable again...

So please, just do as you wish, lol ...  

[thefrog]

I am not saying that no one should mine. Just questioning how to motivate miners. MN owners are motivated by the 20% / block value taken from the miners. So miners get 20% less with MN payments on. That is a fact.
And the question to mine or not to mine - lets say you can rent out your mining power for 0.001 BTC / Mhs. Lets assume you have 200 Mhs on hand. Makes 0.2 BTC/day. With current price 0.0165 its aproximately 12 DRK/day. Which is almost double what you would get while mining directly.

And yes, I mine DRK, but my primary goal is to get as much DRK/day as possible, with the expectation of price rise.

You know what... now that I think about it.... go ahead. Everybody buy more and more masternodes... who cares. Invest your life savings in DRK, why not.
You will play into the feedback loop that will make mining more profitable evertime you take 1000 DRK off the market.

So please, just do as you wish, lol ...  

Not running any master node myself. And yes, I could if I wanted. Multiple.

[JGCMiner]

With the low heat/power needed for mining why not run a few. I threw 2 cards into my server to mine since its running 24/7 anyways.

+1

That's what I am talking about. Thanks for your service to the God of Darkness!

I am not saying that no one should mine. Just questioning how to motivate miners. MN owners are motivated by the 20% / block value taken from the miners. So miners get 20% less with MN payments on. That is a fact.
And the question to mine or not to mine - lets say you can rent out your mining power for 0.001 BTC / Mhs. Lets assume you have 200 Mhs on hand. Makes 0.2 BTC/day. With current price 0.0165 its aproximately 12 DRK/day. Which is almost double what you would get while mining directly.

And yes, I mine DRK, but my primary goal is to get as much DRK/day as possible, with the expectation of price rise.

An extra 20% will do little to help the situation you describe and the price of the coin would be lower because there would be no MN positive feedback loop.  In the short term (i.e. before the coin really gets adopted by merchants and the like), you are likely down in terms of fiat even getting the full subsidy (and while not having masternodes).   

[Terzo]

For those who haven't been keeping with our competitors this weekend...

Cryptcoin has exploded spectacularly immediately after that BTC-E rumour pump.

XC just announced lolzy marraige plans with an obscure alt called CacheCoin! Plans include swapping each-others core features, synch each-others live blockchains so they can do things to each-other, doing a "complete rewriting of the satoshi codebase", and making everything work on something called "proof of blockchain". Maybe someone had a sale on hot air & whitepapers. Despite a lots of publicised photo ops happening at the same time XC has fallen amongst disbelieving protests from the less gullible XC people, but tiny CacheCoin has already jumped from 90th to 67th in market cap in a few hours (no doubt the insiders who knew about the marraige have done very well for themselves).

However tempting it might be please don't go trolling them when they're down, it's entertaining enough just to sit with popcorn.

Scam exposed by the devs, secret blocks holding vast number of coins, yet Cryptcoin still has plenty of buy orders. Proof that you can steal crypto candy from a baby and get away with it.

Where is XC now !??

[salmion]

Where is XC now !??

Who cares let's get back to talking about DRK..

So we all update our clients, masternode payments start, once everything is rock solid we update again with full voting rules? Am I understanding correctly?

ie. Masternode payments will start soon without the danger of a failed fork?

[Lauda]

You know what... now that I think about it.... go ahead. Everybody buy more and more masternodes... who cares. Invest your life savings in DRK, why not.
You will play into the feedback loop that will make mining more profitable evertime you take 1000 DRK off the market.

So please, just do as you wish, lol ...  

Not running any master node myself. And yes, I could if I wanted. Multiple.

Yeah, less talk more proof.
Also, never invest you live savings or anything like that in crypto. Tomorrow it could all be worth nothing.

[mulga]

Who cares let's get back to talking about DRK..

So we all update our clients, masternode payments start, once everything is rock solid we update again with full voting rules? Am I understanding correctly?

ie. Masternode payments will start soon without the danger of a failed fork?

That's pretty much the idea, see Evan's quote below taken from darkcointalk

...
We'll introduce an "enforcing" setting for masternode payments. This will be turned off at launch making it the equivalent of a soft fork, but will allow us to use the full infrastructure of the darkcoin network for testing. In the debug log, the system will complain when any issues arise and users can report such issues. After a period of time passes with no issues, we'll set a date to begin enforcing. At this time all issues should be dealt with so we'll have a much smoother launch.

https://darkcointalk.org/threads/rc3-relaunch-strategy-and-testing.1482/

[Sleepyx]

Aint no one selling their dark for cheap