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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 7567299 times)
InternetApe
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February 06, 2014, 05:22:01 AM
 #681

 Last week i was selling DRK for $0.02 each, now its about to hit $0.10 each.

Its a good/bad thing... Lets hope it keeps going up...

DarkCoin - https://bitcointalk.org/index.php?topic=421615 - DarkCoin aims to be the first privacy-centric cryptographic currency with fully encrypted transactions and anonymous block transactions.
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February 06, 2014, 06:04:50 AM
 #682

Made a guide too compiling and mining Dark Coin on cloud service's like DO, dont really think if it's profitable but given the features this coin should get the value might rise a lot more (which is what i hope ofcourse  Tongue) + i like refs  Roll Eyes

http://blog.kvvs.nl/?p=239

Nice done  Cheesy

Thanks!

Updated the guide too the latest miner, working nice on DO with a good increase off about 15~20%.
Good work on the miner, hope it keeps increasing  Grin

Very nice guide, thank you so much!

DarkcoinTalk forum = https://www.darkcointalk.org/forums/general-discussion.2/
r/Darkcoin = http://www.reddit.com/r/DRKCoin/
VirWox.com USD to BTC cost me nearly 13% on commissions and total loss of over 17.5% because of exchange difference PLUS a 2 day wait for my coins!!
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February 06, 2014, 06:11:31 AM
 #683

Alex, you mean they stop mining when the rewards are low?

Yeah but not only related to difficulty but also as a function of variable block reward too (=> dogecoin): http://www.reddit.com/r/dogemining/comments/1x1p76/something_is_rotten_in_the_state_of_doge_mining/



I don't think you'd have that problem here, as the mining pressures / difficulties are what drive the rewards, not random payouts.  Correct me someone if I'm wrong???

DarkcoinTalk forum = https://www.darkcointalk.org/forums/general-discussion.2/
r/Darkcoin = http://www.reddit.com/r/DRKCoin/
VirWox.com USD to BTC cost me nearly 13% on commissions and total loss of over 17.5% because of exchange difference PLUS a 2 day wait for my coins!!
eduffield
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February 06, 2014, 06:25:52 AM
 #684

Someone asked me this via email, I thought I'd post the answer for everyone:

I'm looking for some clarity on the amount of Darkcoins that will be minted.  I've read some where that it is something quite large.  I'm looking to invest founds into emerging crypto's that have a possibility of longevity.  I'm very concerned thought with the total number of coins that will be minted.  Please advise. thanks.

--------------------------------

DarkCoin is unique in the since that it has a variable block reward that is based on difficulty. This means that while currently the block reward is 120, when difficulty rises the block reward will fall. Eventually the block reward will be driven down to it's lowest amount which is 15DRK. After that, every 2 years the block reward is halved again. So in 2 years, 7.5DRK, in 4 years, 3.75DRK, etc.

So, we don't know how many there will be, but it definitely won't reach anywhere near 84 million. It mostly depends on how long it takes us to reach the lower block reward cap. At this of rate of growth that should happen this month (it happens at about 100 difficulty).  

I've read that variable block rewards are exploitable from "dishonest miners" in coins like dogecoin who switchover when the rewards are low. Could that happen to Darkcoin also? If yes then it is tempting for someone to take Darkcoin code, clone it and say "a better and improved Darkcoin, safe from dishonest mining tacticts" etc.

So, without getting insanely technical, Doge and DarkCoin are setup differently. The block reward function in DarkCoin is set on a very even curve and reward is higher toward the beginning. Later on people will forget that it was ever not fixed and they'll just talk about the halving. So there's not anything to really take advantage of, right? After a difficulty of 100, no matter what the blocks will return 15 DRK.

When I wrote the reply to the email earlier, I was thinking we'd hit 100 difficulty in a few weeks, but we're already at 600Mh/s for the network (up from 200 yesterday). If this keeps up we'll have a difficulty of 21 tomorrow and we only need 5x the growth of the network to reach that lower cap.

So I guess it's a question of incentives, knowing that we're going to cap at some point who wouldn't mine right now? From an economics point of view it's a feedback loop and it should actually make the growth exponential.

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February 06, 2014, 06:34:58 AM
 #685

Alex, you mean they stop mining when the rewards are low?


BTW, I really think these two posts should be included at the front page?

https://bitcointalk.org/index.php?topic=421615.msg4760223#msg4760223

and

https://bitcointalk.org/index.php?topic=421615.msg4757802#msg4757802

Good idea, added.

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February 06, 2014, 06:35:42 AM
 #686

Made a guide too compiling and mining Dark Coin on cloud service's like DO, dont really think if it's profitable but given the features this coin should get the value might rise a lot more (which is what i hope ofcourse  Tongue) + i like refs  Roll Eyes

http://blog.kvvs.nl/?p=239

Nice done  Cheesy

Thanks!

Updated the guide too the latest miner, working nice on DO with a good increase off about 15~20%.
Good work on the miner, hope it keeps increasing  Grin

Added your post to the front page! Awesome work.

allcrypt
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February 06, 2014, 06:36:50 AM
 #687

DarkCoin is now up for voting on AllCrypt.com!
 
www.allcrypt.com/beta/voting.php
 
Read more about AllCrypt:
https://bitcointalk.org/index.php?topic=438727.0
 

AllCrypt.com - Your new CryptoCurrency Exchange Now Open! www.AllCrypt.com
TanteStefana
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February 06, 2014, 08:02:13 AM
 #688

Something is wrong with the lottery pool,  We're getting 92% invalids, haven't found a block in over 15 hours.. I don't know how long its been going on but thought I'd post here and encourage everyone to check their miners???

At least it seems like something is wrong... But give little information to an ignorant person (ie....me) and she can become alarmed!  Thing is, my dash doesn't show any invalids for me, only the pool.  So how is that?


DarkcoinTalk forum = https://www.darkcointalk.org/forums/general-discussion.2/
r/Darkcoin = http://www.reddit.com/r/DRKCoin/
VirWox.com USD to BTC cost me nearly 13% on commissions and total loss of over 17.5% because of exchange difference PLUS a 2 day wait for my coins!!
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February 06, 2014, 08:18:55 AM
 #689

Someone asked me this via email, I thought I'd post the answer for everyone:

I'm looking for some clarity on the amount of Darkcoins that will be minted.  I've read some where that it is something quite large.  I'm looking to invest founds into emerging crypto's that have a possibility of longevity.  I'm very concerned thought with the total number of coins that will be minted.  Please advise. thanks.

--------------------------------

DarkCoin is unique in the since that it has a variable block reward that is based on difficulty. This means that while currently the block reward is 120, when difficulty rises the block reward will fall. Eventually the block reward will be driven down to it's lowest amount which is 15DRK. After that, every 2 years the block reward is halved again. So in 2 years, 7.5DRK, in 4 years, 3.75DRK, etc.

So, we don't know how many there will be, but it definitely won't reach anywhere near 84 million. It mostly depends on how long it takes us to reach the lower block reward cap. At this of rate of growth that should happen this month (it happens at about 100 difficulty).  


if (nSubsidy < 25) nSubsidy = 25;


I would push a fork to update it to 15, makes more sense and I think most people would prefer it, it means diff has to be 112.29 to arrive to the minimum reward. Currently network hashrate is around 600mh/s and diff gonna be of 20, so it means once the network hashrate hits something around 3.3gh/s the reward will be minimum. I think 3.3gh/s is doable in maybe 3 weeks?

Otherwise if you keep it at 25, we will hit it once the network has a hashrate of about 2.2gh/s.

(let me know if I'm wrong with my calculations, wouldn't surprise me much, lol)

Revelations86
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February 06, 2014, 08:49:44 AM
 #690

I like the concept Smiley

WTB 20,000 for 1 BTC  PM if interested.
wonko86
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February 06, 2014, 09:57:52 AM
 #691


Competition:

my mining pool (lotterymining.com) needs a logo

best one gets 1000 Darkcoins


Very cute!  I like it!  Maybe give them Zorro masks, capes and swords, LOL, that'll do the dark/hidden thing while keeping the fun of lottery going, and that I love cute things, LOL ;p


Awesome!
TanteStefana got some ideas lol :-)

Just to give you an idea, I  meant something like this, only I didn't do such a great job, LOL.  CHAOSiTEC could then use the other one for other pools he might set up in the future, but for darkcoin, we'd have Zorro!  LOL

He needs a hat though.........
yeah something like that, but keep the text red.. ive been straring at all the pictures all day... lol

Okay here we go  Grin.


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February 06, 2014, 11:28:15 AM
 #692

How many coins are mined right now?
Anybody pls  . .
klixion
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February 06, 2014, 01:09:59 PM
 #693

Hey guys. Just wondering how many coins you're averaging per day and what is your hash rate?  I'm doing 350+khash/s and I only got like 5 coins in 7 hours.  Am I doing something wrong?  Doesn't seem like it's worth it unless the price skyrockets like vertcoin. Thanks.
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February 06, 2014, 01:18:19 PM
 #694

Hey guys. Just wondering how many coins you're averaging per day and what is your hash rate?  I'm doing 350+khash/s and I only got like 5 coins in 7 hours.  Am I doing something wrong?  Doesn't seem like it's worth it unless the price skyrockets like vertcoin. Thanks.

I just have a feeling this one will actually skyrocket. Shocked

According to cpu-pool.net, 350khs should yield > 150 coins a day. Dunno if that's correct though.
SeriousCoins14
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February 06, 2014, 01:21:10 PM
 #695

Hey guys. Just wondering how many coins you're averaging per day and what is your hash rate?  I'm doing 350+khash/s and I only got like 5 coins in 7 hours.  Am I doing something wrong?  Doesn't seem like it's worth it unless the price skyrockets like vertcoin. Thanks.

I just have a feeling this one will actually skyrocket. Shocked

According to cpu-pool.net, 350khs should yield > 150 coins a day. Dunno if that's correct though.

Nah, the difficulty is too high. You'll average maybe 15-20 coins a day

edit: thenagain with max coin coming out alot of people may temporarily jump ship. If thats the case I'm pointing full power at darkcoin.. Maxcoin is going to have 10 billion difficulty in 5 seconds anyway.

XBC BTUCL6SoNCMYmvmY7tJ33EdtdvyNL4wdhr
tabnk
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February 06, 2014, 01:28:34 PM
 #696

DARKCOIN (formerly Xcoin) is getting back on TRACK. Well DONE !!!
illodin
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February 06, 2014, 01:31:52 PM
 #697

Apparently diff is shooting up:

Difficulty    11.24150704
Est Next Difficulty    17.47411176 (Change in 67 Blocks)

Hold your hats the train's about to leave the station!

Is there a graph somewhere that shows how the net hashrate has developed?
KoningKaas
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February 06, 2014, 01:36:25 PM
 #698

Nice done  Cheesy

Thanks!

Updated the guide too the latest miner, working nice on DO with a good increase off about 15~20%.
Good work on the miner, hope it keeps increasing  Grin

Added your post to the front page! Awesome work.

Thanks a lot! appreciated

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February 06, 2014, 01:37:01 PM
 #699

On Jan 30th, one week ago, I turned down user kaene's offer to buy 5,000 for 0.15 BTC from him. Is that offer still valid btw haha Cheesy
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February 06, 2014, 02:14:51 PM
 #700

Hey guys. Just wondering how many coins you're averaging per day and what is your hash rate?  I'm doing 350+khash/s and I only got like 5 coins in 7 hours.  Am I doing something wrong?  Doesn't seem like it's worth it unless the price skyrockets like vertcoin. Thanks.

I just have a feeling this one will actually skyrocket. Shocked

According to cpu-pool.net, 350khs should yield > 150 coins a day. Dunno if that's correct though.

Nah, the difficulty is too high. You'll average maybe 15-20 coins a day

edit: thenagain with max coin coming out alot of people may temporarily jump ship. If thats the case I'm pointing full power at darkcoin.. Maxcoin is going to have 10 billion difficulty in 5 seconds anyway.

Yeah, it's looking like around 15-20coins for me.  Doesn't seem like much. Does the difficulty actually drop when there are less miners in a pool?  Maxcoin is getting a lot of hype. I think I might be one of the ones you're talking about. lol!
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