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

[eduffield]

Exactly my thinking.  There is no liquidity issue and there never will be.

Decimal points move to the left in deflationary, capped cryptocurrency. This worry comes from having one's head still stuck in print-more-money land. I can spend 1DRK just as easily as I can spend 0.00001DRK...

+1

~15-20% seems like a good number to me as well.

I think 7% to 8% would be ideal. But, what is far more ideal is picking a damn number, even if it isn't perfect, and sticking with it.

+1

7% per year.

2015 - 930,000 DRK
2016 - 864,900 DRK
2017 - 804,357 DRK
2018 - 748,052 DRK
2019 - 695,688 DRK
2020 - 646,990 DRK

I looked at a bunch of different settings and picked 7%, the curve looks pretty nice and it still creates a good long term incentive for investment and mining. Goes into effect on block 210240, then each year after that.

https://github.com/evan82/darkcoin/commit/0f2c10e18a695630464d3b1895b9edca3e33a1d0

Back to my work on DarkSend now  (I have many exciting things to show everyone next week!)

[1714713034]

1714713034

[1714713034]

1714713034

[Standhaft]

Exactly my thinking.  There is no liquidity issue and there never will be.

Decimal points move to the left in deflationary, capped cryptocurrency. This worry comes from having one's head still stuck in print-more-money land. I can spend 1DRK just as easily as I can spend 0.00001DRK...

+1

~15-20% seems like a good number to me as well.

I think 7% to 8% would be ideal. But, what is far more ideal is picking a damn number, even if it isn't perfect, and sticking with it.

+1

7% per year.

2015 - 930,000 DRK
2016 - 864,900 DRK
2017 - 804,357 DRK
2018 - 748,052 DRK
2019 - 695,688 DRK
2020 - 646,990 DRK

I looked at a bunch of different settings and picked 7%, the curve looks pretty nice and it still creates a good long term incentive for investment and mining. Goes into effect on block 210240, then each year after that.

https://github.com/evan82/darkcoin/commit/0f2c10e18a695630464d3b1895b9edca3e33a1d0

Back to my work on DarkSend now  (I have many exciting things to show everyone next week!)

What are the max coins now?

[child_harold]

Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin!!!

@adam3us
"DarkCoin seems to be bitcoin fork with a multi-hash PoW and a p2p CoinJoin impl.  DarkWallet does the same thing with BTC?"

I invited him to join the discussion (still trembling)…

@eduffield - perhaps you should connect with him…

[fusecavator]

Making the coin scarce is only for the short-sighted.  It will make the coin quickly become one for only the elite to have.  Look at Bitcoin!  Besides, it doesn't even change anything in the short term anyway!

Look, a mild inflation which this coin would have (and it wouldn't look like that crazy chart!) is healthy!  As more of the public become involved with cryptos, they will take up much more of the inflationary slack than is created.  This allows the coin to be accessible way into the future!  There will be plenty of demand still.  You can hard cap it at 84 million, and let the formula do the rest and I bet it will still take until 2084 to get to that cap.

This is rewards  over hash rate, and you already can see how fast our hash rate has been increasing.  I really think changing the setup would be unwise and short sighted!

This is my thoughts exactly also. And 20% reduction per year is more aggressive than btc's 50% every 4 years.

Anyone tried mining with a 7990? Any good? I have one used for CAD work, but at night.......

I have four 7990:s hashing.

Mine are doing around 2200Khs per core / 8800-9000Khs / card.

edit: i run 2x7990 on 1x Corsair rm 850w without problems. I have two identical setups.

Are you sure you can run both cards incl. all other ( motherboard, fans, HDD etc.) on 850 W.

Only my two cards using 1000w if the are stressed on 100% minging LTC

Is there a difference using the X11 algo by mining DRK and scrypt coins like LTC?

Yeah my two rigs with 2x7990 have been running fine for two weeks now on 850w each with system including ssd:s and so on. They would probably pull around 400-450w each on regular scrypt, X11 is really grate.
I now have a couple of rigs running 5x280x on 1200w without problems. I am pretty sure six cards on 1200w is possible.

I have a rig with 2x 7970, that has a 'quiet' 850w psu that the fan is only supposed to go on at >40% load, and the fan doesn't go on with both 7970s on x11 at 2.2mhs each, so that puts a 2x 7970 rig at less than 340w, at most 170w per 7970, so I can confirm that sound plenty realistic, and 6 cards might not need much more than a 1000w psu.

[Infectiphibian]

I want to start mining this instead of Vert. I'm sold on the lower electricity and anti asic properties and the more I research it the better it looks as an investment standpoint(lower difficulty good time to get in).

Looking that this, how do i find strait forward directions on how to optimize this for GPU"S. I'm new to X11 and will just jump in and try and figure it out, but if anymore can help speed up that process please do for me, and anyone after me.

I use almost the exact same GPU settings as with Scrypt with the exception of intensity.  15 or 16 works better than 18 or 19, for me at least.  I suggest starting with your scrypt settings and tweaking from there.

Make sure you're using the darkcoin kernel in sgminer.

I have the same MSI cards. My set up on SGminer is-
intensity=20
thread concurrency=22400
gpu engine=1125
gpu memory=1325
fan speed=50%

System runs at 55c and 1.9 Mh/s
 
EDIT- 1.9 Mh/s per card

[MyFarm]

Exactly my thinking.  There is no liquidity issue and there never will be.

Decimal points move to the left in deflationary, capped cryptocurrency. This worry comes from having one's head still stuck in print-more-money land. I can spend 1DRK just as easily as I can spend 0.00001DRK...

+1

~15-20% seems like a good number to me as well.

I think 7% to 8% would be ideal. But, what is far more ideal is picking a damn number, even if it isn't perfect, and sticking with it.

+1

7% per year.

2015 - 930,000 DRK
2016 - 864,900 DRK
2017 - 804,357 DRK
2018 - 748,052 DRK
2019 - 695,688 DRK
2020 - 646,990 DRK

I looked at a bunch of different settings and picked 7%, the curve looks pretty nice and it still creates a good long term incentive for investment and mining. Goes into effect on block 210240, then each year after that.

https://github.com/evan82/darkcoin/commit/0f2c10e18a695630464d3b1895b9edca3e33a1d0

Back to my work on DarkSend now  (I have many exciting things to show everyone next week!)

Will there be a 7% reduction at block 210240 or will the first reduction take place one year thereafter?

Thank you.

[eduffield]

Exactly my thinking.  There is no liquidity issue and there never will be.

Decimal points move to the left in deflationary, capped cryptocurrency. This worry comes from having one's head still stuck in print-more-money land. I can spend 1DRK just as easily as I can spend 0.00001DRK...

+1

~15-20% seems like a good number to me as well.

I think 7% to 8% would be ideal. But, what is far more ideal is picking a damn number, even if it isn't perfect, and sticking with it.

+1

7% per year.

2015 - 930,000 DRK
2016 - 864,900 DRK
2017 - 804,357 DRK
2018 - 748,052 DRK
2019 - 695,688 DRK
2020 - 646,990 DRK

I looked at a bunch of different settings and picked 7%, the curve looks pretty nice and it still creates a good long term incentive for investment and mining. Goes into effect on block 210240, then each year after that.

https://github.com/evan82/darkcoin/commit/0f2c10e18a695630464d3b1895b9edca3e33a1d0

Back to my work on DarkSend now  (I have many exciting things to show everyone next week!)

Will there be a 7% reduction at block 210240 or will the first reduction take place one year thereafter?

Thank you.

First one is at 210240

[coins101]

Exactly my thinking.  There is no liquidity issue and there never will be.

Decimal points move to the left in deflationary, capped cryptocurrency. This worry comes from having one's head still stuck in print-more-money land. I can spend 1DRK just as easily as I can spend 0.00001DRK...

+1

~15-20% seems like a good number to me as well.

I think 7% to 8% would be ideal. But, what is far more ideal is picking a damn number, even if it isn't perfect, and sticking with it.

+1

7% per year.

2015 - 930,000 DRK
2016 - 864,900 DRK
2017 - 804,357 DRK
2018 - 748,052 DRK
2019 - 695,688 DRK
2020 - 646,990 DRK

I looked at a bunch of different settings and picked 7%, the curve looks pretty nice and it still creates a good long term incentive for investment and mining. Goes into effect on block 210240, then each year after that.

https://github.com/evan82/darkcoin/commit/0f2c10e18a695630464d3b1895b9edca3e33a1d0

Back to my work on DarkSend now  (I have many exciting things to show everyone next week!)

Will there be a 7% reduction at block 210240 or will the first reduction take place one year thereafter?

Thank you.

First one is at 210240

It's beer o'clock.

[TanteStefana]

I want to start mining this instead of Vert. I'm sold on the lower electricity and anti asic properties and the more I research it the better it looks as an investment standpoint(lower difficulty good time to get in).

Looking that this, how do i find strait forward directions on how to optimize this for GPU"S. I'm new to X11 and will just jump in and try and figure it out, but if anymore can help speed up that process with links or specific info, please do for me, and anyone after me. I have a 6 rig 7950 msi twin frozr that i will use full time on this coin.

There is a website someone put together, but I can't remember where?  Maybe search gpu chart on this thread?  There are links in here all over, but it's a huge thread now

Mostly, for me at least, lower the intensity until you get the best hash acceptance, it'll be lower than in script.  People were talking about the wu or something like that, but I have no idea what that is, LOL.

[TanteStefana]

I looked at a bunch of different settings and picked 7%, the curve looks pretty nice and it still creates a good long term incentive for investment and mining. Goes into effect on block 210240, then each year after that.

https://github.com/evan82/darkcoin/commit/0f2c10e18a695630464d3b1895b9edca3e33a1d0

Back to my work on DarkSend now   (I have many exciting things to show everyone next week!)

Great, I hope that satisfies the investors!  Can't wait 'till next week!

[TanteStefana]

What are the max coins now?

Don't say I didn't tell ya so!       

[TanteStefana]

Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin!!!

@adam3us
"DarkCoin seems to be bitcoin fork with a multi-hash PoW and a p2p CoinJoin impl.  DarkWallet does the same thing with BTC?"

I invited him to join the discussion (still trembling)…

@eduffield - perhaps you should connect with him…

who is Adam Back?   

Silly bone is tickling again

Seriously, I assume someone important in the crypto world?  Can you enlighten me?

[eduffield]

Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin!!!

@adam3us
"DarkCoin seems to be bitcoin fork with a multi-hash PoW and a p2p CoinJoin impl.  DarkWallet does the same thing with BTC?"

I invited him to join the discussion (still trembling)…

@eduffield - perhaps you should connect with him…

who is Adam Back?    

Silly bone is tickling again

Seriously, I assume someone important in the crypto world?  Can you enlighten me?

He's a cryptographer and the creator of HashCash, which was the first e-cash system to use a hashing proof-of-work. For anyone interested, he had a really interesting interview on Lets Talk Bitcoin from a while back: http://letstalkbitcoin.com/e77-the-adam-back-interview/

[AD_Infinitum]

Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin!!!

@adam3us
"DarkCoin seems to be bitcoin fork with a multi-hash PoW and a p2p CoinJoin impl.  DarkWallet does the same thing with BTC?"

I invited him to join the discussion (still trembling)…

@eduffield - perhaps you should connect with him…

who is Adam Back?   

Silly bone is tickling again

Seriously, I assume someone important in the crypto world?  Can you enlighten me?

I guess... https://en.wikipedia.org/wiki/Adam_Back

[child_harold]

Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin
Adam Back tweeted Darkcoin!!!

@adam3us
"DarkCoin seems to be bitcoin fork with a multi-hash PoW and a p2p CoinJoin impl.  DarkWallet does the same thing with BTC?"

I invited him to join the discussion (still trembling)…

@eduffield - perhaps you should connect with him…

who is Adam Back?    

Silly bone is tickling again

Seriously, I assume someone important in the crypto world?  Can you enlighten me?

I guess... https://en.wikipedia.org/wiki/Adam_Back

From Satoshi's paper:

"References
…
[6]
A. Back, "Hashcash - a denial of service counter-measure,"
http://www.hashcash.org/papers/hashcash.pdf, 2002."

Basically he invented the proof-of-work system that crypto uses

The interview on Let's Talk Bitcoin was fascinating:
http://letstalkbitcoin.com/e77-the-adam-back-interview/#.UyzG517BHog

Would be such a major coup to get him imterested/talking/thinking about Darkcoin…
WOW!

So will somebody enlighten him further about Darksend vs Darkwallet or perhaps he'll accept my invite to join the talk… eduff?

[TanteStefana]

He's a cryptographer and the creator of HashCash, which was the first e-cash system to use a hashing proof-of-work. For anyone interested, he had a really interesting interview on Lets Talk Bitcoin from a while back: http://letstalkbitcoin.com/e77-the-adam-back-interview/

Cool, I'm reading now listening

[CHAOSiTEC]

Come and help mine darkcoin, and get a chance of winning the lottery pool.

once a week 50% of the fees, will be drawn,
to one lucky winner... is it your turn next?

Pool Pays Witdrawal fee: 0.0

Please spread your hashing power, we dont want 1 pool to have >50%

DDOS Protected pool

Coinmine.pl is above 50% again, please spread your hashing power

source: http://darkcoin.mine.nu/poolhash.html

if you care about the value of darkcoin, then dont go to a pool that has so high a hashing rate, investors look upon this as being risky....

[conf]

I want to start mining this instead of Vert. I'm sold on the lower electricity and anti asic properties and the more I research it the better it looks as an investment standpoint(lower difficulty good time to get in).

Looking that this, how do i find strait forward directions on how to optimize this for GPU"S. I'm new to X11 and will just jump in and try and figure it out, but if anymore can help speed up that process with links or specific info, please do for me, and anyone after me. I have a 6 rig 7950 msi twin frozr that i will use full time on this coin.

There is a website someone put together, but I can't remember where?  Maybe search gpu chart on this thread?  There are links in here all over, but it's a huge thread now

Mostly, for me at least, lower the intensity until you get the best hash acceptance, it'll be lower than in script.  People were talking about the wu or something like that, but I have no idea what that is, LOL.

https://docs.zoho.com/sheet/published.do?rid=12cbm2fe8ce55abb2476daa0f8c576b442d40&mode=html

i hope that helps

[Lebubar]

Hello everyone and happy Friday!

Anyone who's been around long enough knows nothing in Darkcoin is ever set in stone and we listen to the community. Last time we removed the block halving we received a lot of crap, here's the problems with yearly halving.

- It's too fast and could destroy the coin
- It's way too much (50% per year)
- We already have formula for controlling the supply

Problems with not having a fixed supply:

- We'll have a constant amount of inflation forever. Most of us are in the austrian camp of economics, so I'd like to fix this.

In true Darkcoin fashion, I'd like to propose a solution that no other crypto has and fixes all of the issues. A yearly reduction of supply of 20%. With this we'll hit the cap of coins near 2056. I'm guessing we'll have somewhere near 25M coins (12M minimum, 49M maximum. Depends on how many miners we attract).



Let's have a vote!

https://bitcointalk.org/index.php?topic=525093.0

Hi Everyone,

I want to give my 3 cents :

1)   Variable Rewards :
With DarkCoin there is a variable reward formula against difficulty (with a minimum of 5), so we cannot know exactly how many coins will been generated every year, worse in 5 or 10 years. Generally people don't like the "unknown". Can we find a formula that permit us to have a more controlled number of coin generated with the time? For example the range between Min and Max go from 10 to 45 million it’s huge. If someone ask how many coins in total? Waht to answers ? Between 10 to 45 ??

For this may be we can imagine a variable yearly reduction of the rewards? Witch depend on how many coins where generated year -1 ?

2)   Smoothly reduction :
I like the idea of a smoothly reduction : not 20% in a shot every year but something like 1% every month or even less every day. What I saw is that the market may become instable around the reduction

3)   Should we forget definitively  about the 84 million initially announced?

4)   If the total coin generated is less than what announced, some people will complain again about the high % of the coin early mined / total supply.

5)   I think it should be the last modification of the reward, so we have to take a good decision all together. May be too much modification can been seen unporofesional…

sorry for the english.

[emzone]

DarkCoin really looks like a very promising coin. The innovations are incredible!
Good luck!