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

[illodin]

Early adopters were mining with cpu's - new formula was implemented after gpu miner was published as the hashrates were multiplied.

[1714035177]

1714035177

[1714035177]

1714035177

[anonymousxx1503]

What the fuck is happening to darkcoin. Seriously.

[JGCMiner]

Please launch DARKERCOIN with 5% premine of 100 billion DarkerCOINS. I want to invest in your IPO!!

You already invested into a coin with dev having 25% of issued coins.

where are you getting this info from

stop spreading fud

If you check the first blocks and how the coins moved after, you'll find wallets where coins were consolidated about the same time, here are some of them:
http://explorer.darkcoin.io/address/cbyT4TTmzQTstMMQsn4qnuzYv7pToysMxD
http://explorer.darkcoin.io/address/cmBVfrgkBuagRy8fE9MJHfSMhf3PZgQxMP
http://explorer.darkcoin.io/address/cfm1sgj5yrPCAKpjFgi7HmzhuDF4SZurSc

The block reward already dropped from 500 to <25 (>20x drop or 4 complete halving), the initial reward formula favored only early adopters that's why (as told in the following comment) it was tweaked a bit the first time https://bitcointalk.org/index.php?topic=421615.msg4675670#msg4675670.

I consider all the changes to reward formula as a way to keep control over huge portion of coins in one or very few hands. Also controlling the largest pool helps promoting any changes.

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out. Oh right, this situation reminds me of another coin that many early adopters have tons of - but is currently very hard to mine... Bitcoin.  Don't want to own any of those coins, right?

IMO, all of these posters complaining about the reward system are mine 'n  dump profiteers who are angry that they can't treat DarkCoin like the latest crapcoin of the week now that the price has increased.

[buryat]

Early adopters were mining with cpu's - new formula was implemented after gpu miner was published as the hashrates were multiplied.

The change you're talking about was the second, the first one here: https://github.com/evan82/darkcoin/commit/ab58f240aca5b43e22b990c4a872fce4174bcf80

Right now it's already 4th version.

The latest changes (https://github.com/evan82/darkcoin/commit/970f9d202aeb90c5d9168736a07c05ed0e2fc448) was made as to prevent a possible attack https://bitcointalk.org/index.php?topic=421615.msg5348513#msg5348513. But it could be prevented by starting more p2pools, and I see the change as an attempt to limit reward to 25, so if the coin lose popularity nobody could get blocks with up to 153 coins.

[anonymousxx1503]

Early adopters were mining with cpu's - new formula was implemented after gpu miner was published as the hashrates were multiplied.

The change you're talking about was the second, the first one here: https://github.com/evan82/darkcoin/commit/ab58f240aca5b43e22b990c4a872fce4174bcf80

Right now it's already 4th version.

The latest changes (https://github.com/evan82/darkcoin/commit/970f9d202aeb90c5d9168736a07c05ed0e2fc448) was made as to prevent a possible attack https://bitcointalk.org/index.php?topic=421615.msg5348513#msg5348513. But it could be prevented by starting more p2pools, and I see the change as an attempt to limit reward to 25, so if the coin lose popularity nobody could get blocks with up to 153 coins.

Initial miners got more coin as in any coin. There were three formulas, initial one was changed very quickly, then there was the cpu mining formula and after a threshold of 75 of difficulty , the new GPU formula (which gives out more coin for a longer time) kicked in. Nothing sinister about it. Early adopters get more, it's always like that. With so many coins coming out these days , why shouldn't they.

[anonymousxx1503]

LISTEN UP

The coinmine pool at https://www2.coinmine.pl/drk/index.php has 80% of the total hashrate

80% of total hashrate!

We absolutely need to spread out the power to other pools, look at the list on www.darkcoin.io or all the new pools people are posting and change your miners. To the official pool at least which the devs control.

I don't want to spread FUD and accusations but there has been a lot of weird stuff happening these days. Part of it can be explained by the C-CEX.com hacks which put a ton of DRK on the market to be dumped on poloniex. But maybe, just maybe, the biggest pool is authoring double spends and sending fake DRK to be dumped. I'm very sorry to even bring this up if it's false and I mean no offense but it's something to consider. Someone may be draining DRK for all it's worth. Or someone (competitor?) may be intentionally investing in bringing down DRK as well but at least we can power through that.

If the coinmine pool owner reads this, please respond in any way possible, no offense was meant.

One thing is for sure, DRK is under attack by someone who wants to A) Destroy it and bring the price down while they bring out their competitor B) Lower the price insanely and then buy it all up, which makes no sense since they already have tons of coins.

[buryat]

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

[eduffield]

I messaged the owner of drk.coinmine.pl and asked him to disable registrations and add a banner to the pool asking users to redirect their hashing power elsewhere. Hopefully we can resolve this quickly.

[anonymousxx1503]

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which.

[bit0x]

3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year. Diff incrase, reward decrase, so next year coin supply will be <400000. So total coin supply in 1 year will be <4 Mil.
If capitalization can grown to 20M $ as protoshares then 1 coin can cost 5$.

[AlexGR]

3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year.

12k x 365 days = 4.38 million coins

430.000 = 35 days mining.

[buryat]

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which.

https://github.com/evan82/darkcoin/tree/master/src
main.cpp line 1108

[AlexGR]

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

Shouldn't it be 25, 12.5, 6.25, 3.125, 1.5625 etc?  (/2, then /2, then /2... halving as I understand it means /2)

[bit0x]

3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year.

12k x 365 days = 4.38 million coins

yeah. But it's not 80Mil.

[bit0x]

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which.

https://github.com/evan82/darkcoin/tree/master/src
line 1108

What file?

[JGCMiner]

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

As far as I know the halving was removed when the GPU diff was forked in and the minimum was set at 5 coins... maybe the dev can clear this up?

[AlexGR]

3.5 Mil. coins mined. And now mining 23 coins per 2.5 minutes, it's about 12000 coins per day, it's about 430 000 per year.

12k x 365 days = 4.38 million coins

yeah. But it's not 80Mil.

It wasn't supposed to release everything in the first year like DOGE.

[buryat]

What file?

main.cpp

[buryat]

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

Shouldn't it be 25, 12.5, 6.25, 3.125, 1.5625 etc?  (/2, then /2, then /2... halving as I understand it means /2)

Yes, I made a mistake.
The corrected table:

Year	Blocks a year	Max reward	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	6.25	1314000	9198000
3	210240	3.125	657000	9855000
4	210240	1.5625	328500	10183500
5	210240	0.78125	164250	10347750
6	210240	0.390625	82125	10429875
7	210240	0.1953125	41062.5	10470937.5
8	210241	0.09765625	20531.34766	10491468.85
9	210242	0.048828125	10265.72266	10501734.57

Since halving is every year, total amount of coins is limited by 2x of what produced in first year, so it's definitely not 84 millions.

[anonymousxx1503]

You do realize that there are about 80 million coins still to be mined, right?  It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

I think at this point people need to stop listening to you, you clearly have no clue. Minimum block reward is not a fraction. It's 5 or 10 coins, don't remember which.

https://github.com/evan82/darkcoin/tree/master/src
main.cpp line 1108

Oh god... just stop, you've lost all credibility

if(nHeight >= 17000 && dDiff > 75) { // GPU/ASIC difficulty calc
            // 2222222/(((x+2600)/9)^2)
            nSubsidy = (2222222.0 / (pow((dDiff+2600.0)/9.0,2.0)));
            if (nSubsidy > 25) nSubsidy = 25;
            if (nSubsidy < 5) nSubsidy = 5;
        } else { // CPU mining calc
            nSubsidy = (11111.0 / (pow((dDiff+51.0)/6.0,2.0)));
            if (nSubsidy > 500) nSubsidy = 500;
            if (nSubsidy < 25) nSubsidy = 25;
        }


See that little if subsidy < 5 nsubsidy =5 ? Minimum reward is 5 , Max is 25.