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

[camosoul]

Yes it could be.  But what happens when people don't realize the profit they thought they would get from running a masternode?  They have close to $10,000 tied up that could be put to use elsewhere with potentially much higher returns.  If the number of masternodes starts to decrease will that be an indicator of long term uncertainty?

Honestly, I'm a bit surprised there are still 500 or so Masternodes online. 1 DRK per day is nothing -- NOTHING -- for having 1000 DRK tied up. And if you're paying for server fees and such, it's even worse. I don't know who would run a MN that costs probably $10-$20 per day in fees just to earn $10 per day in DRK. Some of them are likely IT professionals using company servers for their own gains; I can't think of any other way to make it truly worthwhile.

10-20 usd for a server? You want the gold plated one, don't you? ;-))

1) I host my own box on an unmetered 10MBPs NIC for under $70/mo with over 50 VMs on it.
2) I also know of a VM host that sells an OpenVZ machine for $6/mo. They also accept BTC as payment. Not bad.

As a footnote to #2; I've actually been able to CPU MINE enough DRK on that $6 node to make it pay for itself. Compare that to your Amazon EC2 crapola...

There seems to be an astoniching amount of ;azy assholes that want to elevate simple common sense to the level of "OMG you haz to be expertz!!!1!!!!!!!11!!!!!eleventyone!!!!!" Being a fucking lazy asshole doesn't justify the argument. It really takes very little effort and brain power to set up a Master Node now. If you can't manage to pull that off, you're too fucking stupid and lazy to live. There is abso-fucking-lutely no fucking excuse for fucking it. Fucking. Fuck. Fffuuuuuuuuu.....

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[Polycoin]

Any LTC buy wall that is being put up is getting dumped to by orders not in the ask side. https://bitcoinwisdom.com/markets/btce/ltcbtc

1000s of LTC getting dumped.

Yea, that's all the whales dumping out secretly. I was actually in discussion with one who has a little mover 9,000 LTC, he already sold more than half in a week and is gonna sell the whole thing before he looses any more profit.

[roede94105]

I'm Sorry El presidente, but would you mind analyzing my Masternode again?

I just want my first payment to finally be sure my MN can be elected and relax while drinking a mojito offer by the Dark house!

MN: XdJfsao6ikbCaZ1B1sMcRchttg5Ee3EQ61

[coins101]

...I'd make more by holding and playing it out the "stupid" way.

You sold, when you should have hodl  



https://bitcointalk.org/index.php?topic=579976.msg6335710#msg6335710

[naxin]

Yes it could be.  But what happens when people don't realize the profit they thought they would get from running a masternode?  They have close to $10,000 tied up that could be put to use elsewhere with potentially much higher returns.  If the number of masternodes starts to decrease will that be an indicator of long term uncertainty?

Honestly, I'm a bit surprised there are still 500 or so Masternodes online. 1 DRK per day is nothing -- NOTHING -- for having 1000 DRK tied up. And if you're paying for server fees and such, it's even worse. I don't know who would run a MN that costs probably $10-$20 per day in fees just to earn $10 per day in DRK. Some of them are likely IT professionals using company servers for their own gains; I can't think of any other way to make it truly worthwhile.

10-20 usd for a server? You want the gold plated one, don't you? ;-))

1) I host my own box on an unmetered 10MBPs NIC for under $70/mo with over 50 VMs on it.
2) I also know of a VM host that sells an OpenVZ machine for $6/mo. They also accept BTC as payment. Not bad.

As a footnote to #2; I've actually been able to CPU MINE enough DRK on that $6 node to make it pay for itself. Compare that to your Amazon EC2 crapola...

There seems to be an astoniching amount of ;azy assholes that want to elevate simple common sense to the level of "OMG you haz to be expertz!!!1!!!!!!!11!!!!!eleventyone!!!!!" Being a fucking lazy asshole doesn't justify the argument. It really takes very little effort and brain power to set up a Master Node now. If you can't manage to pull that off, you're too fucking stupid and lazy to live. There is abso-fucking-lutely no fucking excuse for fucking it. Fucking. Fuck. Fffuuuuuuuuu.....

Just to further make the point, there are hundreds of providers you can buy a server capable of running a MN on for $6 PER YEAR!

[camosoul]

I'd make more by holding and playing it out the "stupid" way.

If it's stupid, but works, it isn't stupid.

[coins101]

If you come to a fork, you take it

 

[Ignition75]

As a miner, I keep a pretty close eye on difficulty and price for most coins...

DRK continually bucks the trend, price goes down and network hashrate/difficulty often goes up  

It's a fantastic sign IMO, I've got a few theories however can some of the brighter people with more of a grasp on the Crypto ecosystem have a punt at explaining this phenomenon to me?

[AlexGR]

...I'd make more by holding and playing it out the "stupid" way.

You sold, when you should have hodl  



https://bitcointalk.org/index.php?topic=579976.msg6335710#msg6335710

Yep... I see trading as a way to increase the stash without actually buying, but it doesn't always work out - especially in a very strong bull run. Paradoxically dumping phases are more profitable for trading, although they devalue the DRKs I have... so it's kind of weird.

[trogdorjw73]

10-20 usd for a server? You want the gold plated one, don't you? ;-))

Per day, he said, LOL.  Actually, I think I pay 7-8 dollars a month including traffic fees.  But I did get the 3 year commitment.  

So $10-$20 is off if you want to rent the smallest server, fine. Some places charge more than others, but I suppose all the AWS servers are a lot cheaper. MN aren't intended to be run on spot instances that can come and go, so you have to pay for dedicated hosting, which means you're not paying fractions of a penny per hour but are instead paying a few cents per hour plus an upfront fee. Looks like a T1.micro will run about $0.25 per day, plus $23 upfront, and you have to pay for a year of use. So all told that works out to $128 for a year. I'm only off by a factor of 30X. ;-)

But you're all still missing the main point: tying up 1000 DRK to earn 1 DRK per day (at best) is nothing. That's a 0.1% return, and while that does work out to 36.5% per year and that's better than a lot of investments, it's still tiny in comparison to what many people manage to do with cryptocurrencies. Even at the currently depressed prices, 1000 DRK is worth $8290 set aside. I'm not going to pretend earning 10% per day -- or even 5% per day -- is realistic, but I've certainly done better than 0.1% per day and I didn't have to lock up the coins anywhere.

[AlexGR]

I'd make more by holding and playing it out the "stupid" way.

If it's stupid, but works, it isn't stupid.

True... But even if the fundamentals are excellent, when you think you have a relatively good grasp of the market you are tempted to trade it. Until a whale buyer comes and destroys what you think you knew about the market operation

[Brilliantrocket]

10-20 usd for a server? You want the gold plated one, don't you? ;-))

Per day, he said, LOL.  Actually, I think I pay 7-8 dollars a month including traffic fees.  But I did get the 3 year commitment.  

So $10-$20 is off if you want to rent the smallest server, fine. Some places charge more than others, but I suppose all the AWS servers are a lot cheaper. MN aren't intended to be run on spot instances that can come and go, so you have to pay for dedicated hosting, which means you're not paying fractions of a penny per hour but are instead paying a few cents per hour plus an upfront fee. Looks like a T1.micro will run about $0.25 per day, plus $23 upfront, and you have to pay for a year of use. So all told that works out to $128 for a year. I'm only off by a factor of 30X. ;-)

But you're all still missing the main point: tying up 1000 DRK to earn 1 DRK per day (at best) is nothing. That's a 0.1% return, and while that does work out to 36.5% per year and that's better than a lot of investments, it's still tiny in comparison to what many people manage to do with cryptocurrencies. Even at the currently depressed prices, 1000 DRK is worth $8290 set aside. I'm not going to pretend earning 10% per day -- or even 5% per day -- is realistic, but I've certainly done better than 0.1% per day and I didn't have to lock up the coins anywhere.

It's not really a valid comparison to compare passive MN income and trading. Trading carries significantly greater risk.

[camosoul]

As a miner, I keep a pretty close eye on difficulty and price for most coins...

DRK continually bucks the trend, price goes down and network hashrate/difficulty often goes up  

It's a fantastic sign IMO, I've got a few theories however can some of the brighter people with more of a grasp on the Crypto ecosystem have a punt at explaining this phenomenon to me?

DRK is absurdly undervalued because Evan.

That's all there is to it.

It's worth mining because it is BTC 2.0. Value today is meaningless. Only complete fucktards do anything other than fight like mad to get as much as they can get their hands on. Even if all you've got is pocket change, it's worth buying some DRK with it. Yu don't see these people posting here a lot because they're out doing whatever it takes to get more. I have an online company, so I can sit right here and do both...

Unless you've already got a 1000DRK and are running an MN, mining is the only other way to get it without buying it. Plenty of people are still mining it with just their CPUs, because it's worth it. I even dug out an old 7770 and stuffed it in my HDMI TV rig. It's worth it. Inf act... I've got 2x KnC Neptunes on the way. Why? Because BTC is a dump coin for DRK. I'd never even break even with 7TH/s on BTC SHA256/DR. Or any SHA256/DR coin. But I'll be more than happy to dump that BTC junk for DRK and watch it go to the moon... Any way to get my hands on more DRK. I even stopped eating breakfast and lunch... Every penny I can spare, for DRK.

[splawik21]

Just look here: http://drk.poolhash.org/poolhash.html
There are many unknown pools which dont pay 20% x MN. But!
There are many KNOWN pools!

These are last 12h:
* HASHFASTER - INFORMED
* BLACKCOINPOOL - INFORMED
* MULTIPOOLUS - INFORMED - admin@multipool.us
* COINKINGIO - INFORMED - irc #coinking talked with Jake
* COINOTRONCOM
* GHASHIO - INFORMED - ghash.io
* DRKCIF8COM - UPDATED
* DEDICATEDPOOLCOM - INFORMED - binaryclock
* HASHRATEEU - INFORMED - prozacsf84
* SWITCHERCOINCOM - INFORMED - https://switchercoin.com/support

I took the action and started to find the ways to inform the owners of these pools so they update ASAP.
No time to loose.
Earlier they update the more often the blocks will be paid, the confidence of the MNs owners will rise and the enforcment will not hurt so much.

[camosoul]

But you're all still missing the main point: tying up 1000 DRK to earn 1 DRK per day (at best) is nothing. That's a 0.1% return, and while that does work out to 36.5% per year and that's better than a lot of investments, it's still tiny in comparison to what many people manage to do with cryptocurrencies.

Some people don't want to mine. Some people don't want to read palms.

This is just another, and very innovative and forward-thinking way to evolve crypto and get paid.

I think of it as a residual, or an annuity. I could make more, yes. But, it's be hard work with lots of risk. Running a masternode is the easiest way to get your hands on crypto that there has ever been. Easier than mining. Easier than trading. Even easier than buying it on an exchange.

You're the one missing the point. This is another way. Horses are a form of transportation, but they're not the only one... We have an airplane now. Look into it...

[illodin]

There seems to be an astoniching amount of ;azy assholes that want to elevate simple common sense to the level of "OMG you haz to be expertz!!!1!!!!!!!11!!!!!eleventyone!!!!!" Being a fucking lazy asshole doesn't justify the argument. It really takes very little effort and brain power to set up a Master Node now. If you can't manage to pull that off, you're too fucking stupid and lazy to live. There is abso-fucking-lutely no fucking excuse for fucking it. Fucking. Fuck. Fffuuuuuuuuu.....

If you have 1000 DRK just set up a node right now. You can transfer the coins to an exchange and sell them within minutes if you need to, no different than having them on your own wallet normally.

[camosoul]

There seems to be an astoniching amount of ;azy assholes that want to elevate simple common sense to the level of "OMG you haz to be expertz!!!1!!!!!!!11!!!!!eleventyone!!!!!" Being a fucking lazy asshole doesn't justify the argument. It really takes very little effort and brain power to set up a Master Node now. If you can't manage to pull that off, you're too fucking stupid and lazy to live. There is abso-fucking-lutely no fucking excuse for fucking it. Fucking. Fuck. Fffuuuuuuuuu.....

If you have 1000 DRK just set up a node right now. You can transfer the coins to an exchange and sell them within minutes if you need to, no different than having them on your own wallet normally.

I'm waiting for RC4 and enforcement. I don't want to moderate 50+ MNs, I've got shit to do... Waiting for multi-entry and better anon.

[MikeMike]

Yes it could be.  But what happens when people don't realize the profit they thought they would get from running a masternode?  They have close to $10,000 tied up that could be put to use elsewhere with potentially much higher returns.  If the number of masternodes starts to decrease will that be an indicator of long term uncertainty?

Honestly, I'm a bit surprised there are still 500 or so Masternodes online. 1 DRK per day is nothing -- NOTHING -- for having 1000 DRK tied up. And if you're paying for server fees and such, it's even worse. I don't know who would run a MN that costs probably $10-$20 per day in fees just to earn $10 per day in DRK. Some of them are likely IT professionals using company servers for their own gains; I can't think of any other way to make it truly worthwhile.

10-20 usd for a server? You want the gold plated one, don't you? ;-))

1) I host my own box on an unmetered 10MBPs NIC for under $70/mo with over 50 VMs on it.
2) I also know of a VM host that sells an OpenVZ machine for $6/mo. They also accept BTC as payment. Not bad.

As a footnote to #2; I've actually been able to CPU MINE enough DRK on that $6 node to make it pay for itself. Compare that to your Amazon EC2 crapola...

There seems to be an astoniching amount of ;azy assholes that want to elevate simple common sense to the level of "OMG you haz to be expertz!!!1!!!!!!!11!!!!!eleventyone!!!!!" Being a fucking lazy asshole doesn't justify the argument. It really takes very little effort and brain power to set up a Master Node now. If you can't manage to pull that off, you're too fucking stupid and lazy to live. There is abso-fucking-lutely no fucking excuse for fucking it. Fucking. Fuck. Fffuuuuuuuuu.....

Seems to me you are the Lazy One.

Rather than setup a tutorial with links and a video you sit on all your expertise and spew out a couple of choice tough words.

(.)

[camosoul]

Yes it could be.  But what happens when people don't realize the profit they thought they would get from running a masternode?  They have close to $10,000 tied up that could be put to use elsewhere with potentially much higher returns.  If the number of masternodes starts to decrease will that be an indicator of long term uncertainty?

Honestly, I'm a bit surprised there are still 500 or so Masternodes online. 1 DRK per day is nothing -- NOTHING -- for having 1000 DRK tied up. And if you're paying for server fees and such, it's even worse. I don't know who would run a MN that costs probably $10-$20 per day in fees just to earn $10 per day in DRK. Some of them are likely IT professionals using company servers for their own gains; I can't think of any other way to make it truly worthwhile.

10-20 usd for a server? You want the gold plated one, don't you? ;-))

1) I host my own box on an unmetered 10MBPs NIC for under $70/mo with over 50 VMs on it.
2) I also know of a VM host that sells an OpenVZ machine for $6/mo. They also accept BTC as payment. Not bad.

As a footnote to #2; I've actually been able to CPU MINE enough DRK on that $6 node to make it pay for itself. Compare that to your Amazon EC2 crapola...

There seems to be an astoniching amount of ;azy assholes that want to elevate simple common sense to the level of "OMG you haz to be expertz!!!1!!!!!!!11!!!!!eleventyone!!!!!" Being a fucking lazy asshole doesn't justify the argument. It really takes very little effort and brain power to set up a Master Node now. If you can't manage to pull that off, you're too fucking stupid and lazy to live. There is abso-fucking-lutely no fucking excuse for fucking it. Fucking. Fuck. Fffuuuuuuuuu.....

Seems to me you are the Lazy One.

Rather than setup a tutorial with links and a video you sit on all your expertise and spew out a couple of choice tough words.

(.)

You're entitled to me and mine?

Fuck you, cockdrip. You've got access to all the same information and resources that I've got. I'm not here to make life better for you. YOU are here for that, so stop being a lazy, entitled fuckwit and make it happen. It's not my job to do it all for you.

Go back to your McJob before your power is shut off. Oh, wait, I paid all your bills with taxes and welfare, you don't even have a McJob...

Welcome to the Ignore list, loser.

[MikeMike]

Yes it could be.  But what happens when people don't realize the profit they thought they would get from running a masternode?  They have close to $10,000 tied up that could be put to use elsewhere with potentially much higher returns.  If the number of masternodes starts to decrease will that be an indicator of long term uncertainty?

Honestly, I'm a bit surprised there are still 500 or so Masternodes online. 1 DRK per day is nothing -- NOTHING -- for having 1000 DRK tied up. And if you're paying for server fees and such, it's even worse. I don't know who would run a MN that costs probably $10-$20 per day in fees just to earn $10 per day in DRK. Some of them are likely IT professionals using company servers for their own gains; I can't think of any other way to make it truly worthwhile.

10-20 usd for a server? You want the gold plated one, don't you? ;-))

1) I host my own box on an unmetered 10MBPs NIC for under $70/mo with over 50 VMs on it.
2) I also know of a VM host that sells an OpenVZ machine for $6/mo. They also accept BTC as payment. Not bad.

As a footnote to #2; I've actually been able to CPU MINE enough DRK on that $6 node to make it pay for itself. Compare that to your Amazon EC2 crapola...

There seems to be an astoniching amount of ;azy assholes that want to elevate simple common sense to the level of "OMG you haz to be expertz!!!1!!!!!!!11!!!!!eleventyone!!!!!" Being a fucking lazy asshole doesn't justify the argument. It really takes very little effort and brain power to set up a Master Node now. If you can't manage to pull that off, you're too fucking stupid and lazy to live. There is abso-fucking-lutely no fucking excuse for fucking it. Fucking. Fuck. Fffuuuuuuuuu.....

Seems to me you are the Lazy One.

Rather than setup a tutorial with links and a video you sit on all your expertise and spew out a couple of choice tough words.

(.)

You're entitled to me and mine?

Fuck you, cockdrip. You've got access to all the same information and resources that I've got. I'm not here to make life better for you. YOU are here for that, so stop being a lazy, entitled fuckwit and make it happen. It's not my job to do it all for you.

Go back to your McJob before your power is shut off. Oh, wait, I paid all your bills with taxes and welfare, you don't even have a McJob...

I'm going to warn you only once.
You do not want to threaten me.