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

[tabnk]

Price will up 8x

We were mentioned in ibtimes:

Darkcoin saw the largest one-day growth, up 111% to $1.17 per coin, while the heaviest loss was felt by smartcoin, which fell 30.5% to $0.046.

http://www.ibtimes.co.uk/cryptocurrency-news-round-mt-gox-reopen-withdrawals-protests-continue-1436868

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[ning_aric]

Price will up 8x

We were mentioned in ibtimes:

Darkcoin saw the largest one-day growth, up 111% to $1.17 per coin, while the heaviest loss was felt by smartcoin, which fell 30.5% to $0.046.

http://www.ibtimes.co.uk/cryptocurrency-news-round-mt-gox-reopen-withdrawals-protests-continue-1436868

8X means ?

https://poloniex.com is still frozen, so nervous.

[boubou]

Is there some sort of calculator to estimate how many coins I can mine in a day or a week?

[sukottosan_d]

Price will up 8x

We were mentioned in ibtimes:

Darkcoin saw the largest one-day growth, up 111% to $1.17 per coin, while the heaviest loss was felt by smartcoin, which fell 30.5% to $0.046.

http://www.ibtimes.co.uk/cryptocurrency-news-round-mt-gox-reopen-withdrawals-protests-continue-1436868

8X means ?

https://poloniex.com is still frozen, so nervous.

Why nervous? Just one exchange and a bunch of their markets are frozen. Likely nothing to do with DRK.

[anonymousxx1503]

Is there some sort of calculator to estimate how many coins I can mine in a day or a week?

Here I made this for you quickly for an educated guess. (y/z)(2222222/(((x+2600)/9)^2)) You can enter the formula at wolframalpha.com and change the numbers

X = the current difficulty

Y = Your hashrate

Z = Total network hashrate

Example given in khash/sec below (you can use ghash/sec as long as you keep Y and Z in the same measure)


(50000/6210000)(2222222/(((224+2600)/9)^2)) = 0.1817 approx

In this example, the current network hashrate is 6.21 Ghash (right now that's what it's at) , you are hashing at 50 mhash (or 0.05 ghash to keep the same measure) and the network difficulty is 224. That gives you 0.1817 DRK per block. There's 24 blocks per hour which gives 4.3608 DRK/hour or 104.6592 DRK/day

Hope that helped and hope I'm right also.


edit : also I'm no expert with pools, so I'm not sure if being in a larger or smaller pool affects this calculation.

edit 2 : just checked in the official pool and my calculation seem to be right on the money ( the 50k being khash and the 100 something being drk/day)

[boubou]

Thank you for the illustration

[poika]

I am sure this has been already implemented into a coin somewhere but why not have a coin with very high transaction fees implemented in the early stages that gradually become normative say in a year or two.  It might prevent or slow down trading whales and multipools from killing the coin early on.  If it is even a few percent less profitable early on to mine then dump maybe this will afford enough protection.

Call it a transaction degravity well or whatever.

[danonthehill]

Price will up 8x

We were mentioned in ibtimes:

Darkcoin saw the largest one-day growth, up 111% to $1.17 per coin, while the heaviest loss was felt by smartcoin, which fell 30.5% to $0.046.

http://www.ibtimes.co.uk/cryptocurrency-news-round-mt-gox-reopen-withdrawals-protests-continue-1436868

8X means ?

https://poloniex.com is still frozen, so nervous.

Why nervous? Just one exchange and a bunch of their markets are frozen. Likely nothing to do with DRK.

It is nothing to do with DRK.  A few days ago a hacker used a weakness in the security protocol of XCP to transfer 35K of XCP from the Poloneix central wallet and dump cheap for BTC.

I should have put it all in DRK.  From now on it is only dark and I have changed my signature to reflect this.

[blajde]

what's the config like for reducing power to the card?

[Neon001]

So what's the rationale for this block reward system? (11111 / (((Difficulty+51)/6) ^ 2))

As I understand it, the TOTAL distribution per unit time will come crashing down as network hashrate goes up. Not to mention each miner is getting a tinier slice. That's rather discouraging.

Apart from Darksend, I think this is the best feature of the coin. All other altcoins become diluted if they doesn't become a instant success like Dogecoin.

So the early adopter edge becomes even more overwhelming? Nice way to kill a coin. An exchange medium is only worth something if others agree and also have a stake. We'll just end up a small group of hoarders waiting around for something to happen. Reminds me of QRK.

That is overstating things. Reading through the thread, it is abundantly clear that the devs and other early adopters believe in the coin and are not planning a massive dump.  

IMO this is a feature -- not a problem or a scam.  Basically, it allows for the devs to have a more fine control over how the coin is released into the market; and thus prevents a “mid-life” dump via multipools and whale miners that troubles many a coin once the price starts to rise.  As mentioned above, if a coin is super-popular from the beginning like Doge then there is no problem as it gets distributed to a wide range of miners.  Even if whales or whatnot show up later there is a big enough dedicated mining community that in effect prevents these entities from negatively effecting the market.  

On the other hand, coins that don't blow up from the beginning and slowly rise in price due to the efforts of the early adopters, inevitably get attacked by these whales/mutlipools -- and the diff increase alone never seems to be enough to prevent a ton of coins of entering the hands of the few.  When these coins get dumped... the market crashes.  The way Darkcoin is currently set up this cannot happen.  And yes, even though Darkcoin is multipool resistant – it is still vulnerable to whales (it was actually getting hammered before the diff /reward system was enhanced by KGW).

Now, I know it may seem unfair to latecomer miners and some trolls even went as far as trying to discourage people by calling this a instamine. But the thing is... the vast majority of coins have a high percentage owned by early adopters.  That is the reward they get for believing in the coin before anybody else.  Due to the diff/reward system Darkcoin might be a little more extreme, but as I just explained that system has a very important purpose.

Lastly, it is not like the devs are not willing to respond.  Take a look at the diff/reward chart below.  

The blue line is actually a hardfork that was put in place a couple of weeks ago to be ready for GPU miners (GPU client first released last week) so that reward wouldn't drop to zero once the hash power went through the roof.  

Tldr; This is a fair coin. The diff/reward is a feature that allows more fine control over how much coin is released into the market and thus prevents manipulation by whales who plan to dump.

lol, how is this effectively different than a premine?

[blueforever]

https://poloniex.com is still frozen, so nervous.

This is annoying. Wanted to trade some DRK today. Some other pairs are also frozen, but some are trading.

[bigc1984]

So what's the rationale for this block reward system? (11111 / (((Difficulty+51)/6) ^ 2))

As I understand it, the TOTAL distribution per unit time will come crashing down as network hashrate goes up. Not to mention each miner is getting a tinier slice. That's rather discouraging.

Apart from Darksend, I think this is the best feature of the coin. All other altcoins become diluted if they doesn't become a instant success like Dogecoin.

So the early adopter edge becomes even more overwhelming? Nice way to kill a coin. An exchange medium is only worth something if others agree and also have a stake. We'll just end up a small group of hoarders waiting around for something to happen. Reminds me of QRK.

That is overstating things. Reading through the thread, it is abundantly clear that the devs and other early adopters believe in the coin and are not planning a massive dump.  

IMO this is a feature -- not a problem or a scam.  Basically, it allows for the devs to have a more fine control over how the coin is released into the market; and thus prevents a “mid-life” dump via multipools and whale miners that troubles many a coin once the price starts to rise.  As mentioned above, if a coin is super-popular from the beginning like Doge then there is no problem as it gets distributed to a wide range of miners.  Even if whales or whatnot show up later there is a big enough dedicated mining community that in effect prevents these entities from negatively effecting the market.  

On the other hand, coins that don't blow up from the beginning and slowly rise in price due to the efforts of the early adopters, inevitably get attacked by these whales/mutlipools -- and the diff increase alone never seems to be enough to prevent a ton of coins of entering the hands of the few.  When these coins get dumped... the market crashes.  The way Darkcoin is currently set up this cannot happen.  And yes, even though Darkcoin is multipool resistant – it is still vulnerable to whales (it was actually getting hammered before the diff /reward system was enhanced by KGW).

Now, I know it may seem unfair to latecomer miners and some trolls even went as far as trying to discourage people by calling this a instamine. But the thing is... the vast majority of coins have a high percentage owned by early adopters.  That is the reward they get for believing in the coin before anybody else.  Due to the diff/reward system Darkcoin might be a little more extreme, but as I just explained that system has a very important purpose.

Lastly, it is not like the devs are not willing to respond.  Take a look at the diff/reward chart below.  

The blue line is actually a hardfork that was put in place a couple of weeks ago to be ready for GPU miners (GPU client first released last week) so that reward wouldn't drop to zero once the hash power went through the roof.  

Tldr; This is a fair coin. The diff/reward is a feature that allows more fine control over how much coin is released into the market and thus prevents manipulation by whales who plan to dump.

lol, how is this effectively different than a premine?

You didn't read a word, did you?

[anonymousxx1503]

lol, how is this effectively different than a premine?

Neither the devs or anyone else got a fixed % of coins at the beginning. Doge is not premined either but people who start at the very beginning get the benefit of making coins more easily. That's not how you see it?

[Queeq]

Poloniex's alive.

[blueforever]

Poloniex's alive.

YAY. Other pairs unfroze too. Staff probably just woke up.

[baka]

lol, how is this effectively different than a premine?

It is different than a premine, it's a instamine done by the first miners/early adopters.

[DRKenstone]

CPU DRK mining question:

I'm using the fantastic darkCoin-cpuminer-1.3-avx-aes-windows-binaries, with these settings:

Code:

minerd-corei7-avx -a X11 -o stratum+tcp://drk.lotterymining.com:4444 -u username -p password -t 8 -q

My proc: Intel Core i7-3770K, 3.50 GHz

I've been consistently getting 490+ khash/s with those settings, which I think is pretty great, but I'm not sure what others are getting with the same or similar proc.

I've been consistently getting lines like this:

Code:

[2014-02-21 22:01:06] accepted: 43/43 (100.00%), 490.02 khash/s (yay!!!)

But as of this morning and after about 50/50, I've been getting lines like this:

Code:

[2014-02-21 22:22:17] accepted: 77/78 (98.72%), 486.72 khash/s (yay!!!)

Concerning that percentage, 1) what does it mean exactly, and 2) why all of a sudden (after about 2 weeks worth of mining) am I getting less than 100%?

Thanks in advance for helping me with my n00b question! 

I'm also mining on a 3770K and getting more or less the same performance. If your percentage is less than 100% that means you've submitted a stale share(s) ("boooo" instead of "yay!!!"). In your case 1 stale share, hence the 77/78 instead of 78/78. Not anything to worry about unless the percentage drops significantly.

My 3770k does about the same.

And as raze said, one stale share is nothing to worry about. It's consistently stale shares that indicate a problem. A share can go "stale" if your pool issues you a hash to solve, then someone finds the block before your computed hash is submitted. this can also happen if there is some sort of network delay as well.

 https://deepbit.net/stale.php

------

Many thanks to raze182, HammerHedd, and meebs for responding! I appreciate the insight.

This is frustrating, since last night I'm now down to 24 stales on average:

Code:

[2014-02-22 12:18:49] accepted: 1440/1467 (98.16%), 475.63 khash/s (yay!!!)

I'm going to try a couple of things today: 1) I have a new awesome crazy heatsink to replace my stock Intel with and then I'm going to gently overclock to see if that makes any difference and then 2) I'll try a different pool for a bit (but not blaming the current pool at all) to see if that changes things any also.

[child_harold]

Hi darkcoiners

I've overclocked my r9 290 21227-00-50G using TRIXX:

gpu core from 947 to 1000 and memory from 1250 to 1350

this gives me an extra 5% or so.

My question is whether people think this overclock is safe. i don't want to burn my card or shorten life expectancy too much.
There are no HW errors and everything SEEMS fine. Do you think it is?

Thanks in advance for the feedback.

[bigc1984]

lol, how is this effectively different than a premine?

Neither the devs or anyone else got a fixed % of coins at the beginning. Doge is not premined either but people who start at the very beginning get the benefit of making coins more easily. That's not how you see it?

That's the way it is supposed to be.

[eduffield]

lol, how is this effectively different than a premine?

Neither the devs or anyone else got a fixed % of coins at the beginning. Doge is not premined either but people who start at the very beginning get the benefit of making coins more easily. That's not how you see it?

That's the way it is supposed to be.

The block reward formula's + KGW == Whale Harpoon. It see it as being a critical part of the success we've seen thus far.