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

[Jestah]

Adblocker hides them from me.

Tell me you have adblocker installed!

I won't use adblock because it actually hurts the sites I visit.  Hosting and servers can cost quite a bit and viewing ads is the least anyone can do to help if you like the site.  

To each his own but DASH should have ads plastered all over this site IMHO.

Nothing is stopping you from having a dash sig..

True, but I don't really post anywhere else......kind of pointless.

[ahoenk]

Has anyone noticed other anon coins buying advertising on this forum?   I'm in a dash thread with colorful SDC ads on it. 

off course they know dassh has a potential investor, and they know dash has a strong investor....

[Macno]

Can anyone translate that nice graphic Evan posted into noob speak? What does it mean? (what is working now that did not work before?)

[oblox]

Can anyone translate that nice graphic Evan posted into noob speak? What does it mean? (what is working now that did not work before?)

Masternodes that don't provide service, get marks, and after 6, they drop off from being paid until the issue is corrected. For example, ports not being open, blockchain stuck/hung, old versions, etc.

[Sub-Ether]

Come on, own up! you know who you are, who's got a proof of service rating of 12 then?

[qwizzie]

Come on, own up! you know who you are, who's got a proof of service rating of 12 then?

appearently people who dont mind not getting paid

[wozzek23]

On March 21st, there were 2407 MNs.

Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)

Is this a result of Proof of Work, Even just posted?

[ddink7]

When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?

Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.

[salmion]

On March 21st, there were 2407 MNs.

Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)

Is this a result of Proof of Work, Even just posted?

No its masternodes not on the correct version, with out ports open etc dropping off the list.

[salmion]

When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?

Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.

The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.

[Sub-Ether]

When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?

Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.

The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.

Yer, and why kick a whole load of potential users via mining out of the picture before they've even started? This should be open to everyone, don't we want a large a market as possible and not just a small number of people who can afford 1000 Dash.
Mining is a great entry method into crypto for any coin.

[ddink7]

When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?

Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.

The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.

Yer, and why kick a whole load of potential users via mining out of the picture before they've even started? This should be open to everyone, don't we want a large a market as possible and not just a small number of people who can afford 1000 Dash.
Mining is a great entry method into crypto for any coin.

I agree, mining is a great way to get into crypto. It's how I got involved myself. However, the current system of pools is *dangerous.* I'm very scared that nobody is going to listen until an attack happens.

Unless something has changed in the last six months (since I stopped mining), Dash is extremely unprofitable to mine. The cost of electricity is greater than the value of the coins received. When you consider depreciation of the hardware, the picture becomes even more bleak. I don't like the idea of entrusting the security of our blockchain to altruists who are willing to lose money in order to secure the network.

(Again, I haven't mined Dash in quite awhile, so forgive me if this is no longer accurate.)

[jjiimm_64]

When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?

Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.

The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.

Yer, and why kick a whole load of potential users via mining out of the picture before they've even started? This should be open to everyone, don't we want a large a market as possible and not just a small number of people who can afford 1000 Dash.
Mining is a great entry method into crypto for any coin.

I agree, mining is a great way to get into crypto. It's how I got involved myself. However, the current system of pools is *dangerous.* I'm very scared that nobody is going to listen until an attack happens.

Unless something has changed in the last six months (since I stopped mining), Dash is extremely unprofitable to mine. The cost of electricity is greater than the value of the coins received. When you consider depreciation of the hardware, the picture becomes even more bleak. I don't like the idea of entrusting the security of our blockchain to altruists who are willing to lose money in order to secure the network.

(Again, I haven't mined Dash in quite awhile, so forgive me if this is no longer accurate.)

4 X 290x rig with wolfs bins burns about 900 watts:

Code:

DashNinja> jimbit: With last 24h supply of 2602.965883255005 DASH (source:dashninja|22s) 
and a network hashrate of 105.96 Gh/s (source:dashninja|23s) your 34.50 Mh/s would 
have generated 0.847534424 DASH @ 0.01525050 DASH/BTC 
(source:cryptsy|30s) = 0.012925324 BTC/Day / 3.15 USD/Day (source:btc-e|54s)

[Freckleg]

TREZOR Releases Firmware 1.3.3 with Dash integration !

http://satoshilabs.com/news/2015-04-07-trezor-firmware-1-3-3-connect-api/

With TREZOR firmware 1.3.3 we are introducing our latest innovation for secure password-less user authentication – the TREZOR Connect.

This firmware further improves the overall security of the TREZOR hardware wallet and your privacy.

We have also implemented an important change to PIN protection and added support for the Dash coin type.
 

That is very cool!  I'll give it a try

[salmion]

When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?

Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.

The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.

Yer, and why kick a whole load of potential users via mining out of the picture before they've even started? This should be open to everyone, don't we want a large a market as possible and not just a small number of people who can afford 1000 Dash.
Mining is a great entry method into crypto for any coin.

I agree, mining is a great way to get into crypto. It's how I got involved myself. However, the current system of pools is *dangerous.* I'm very scared that nobody is going to listen until an attack happens.

Unless something has changed in the last six months (since I stopped mining), Dash is extremely unprofitable to mine. The cost of electricity is greater than the value of the coins received. When you consider depreciation of the hardware, the picture becomes even more bleak. I don't like the idea of entrusting the security of our blockchain to altruists who are willing to lose money in order to secure the network.

(Again, I haven't mined Dash in quite awhile, so forgive me if this is no longer accurate.)

Remember that introducing a new system also introduces new attack vectors.

There are a lot of people still mining some altruistically. Me for now my rig is payed off and it is a great space heater.
As well as people with low electricity costs.

[ddink7]

SNIP

I agree, mining is a great way to get into crypto. It's how I got involved myself. However, the current system of pools is *dangerous.* I'm very scared that nobody is going to listen until an attack happens.

Unless something has changed in the last six months (since I stopped mining), Dash is extremely unprofitable to mine. The cost of electricity is greater than the value of the coins received. When you consider depreciation of the hardware, the picture becomes even more bleak. I don't like the idea of entrusting the security of our blockchain to altruists who are willing to lose money in order to secure the network.

(Again, I haven't mined Dash in quite awhile, so forgive me if this is no longer accurate.)

4 X 290x rig with wolfs bins burns about 900 watts:

Code:

DashNinja> jimbit: With last 24h supply of 2602.965883255005 DASH (source:dashninja|22s) 
and a network hashrate of 105.96 Gh/s (source:dashninja|23s) your 34.50 Mh/s would 
have generated 0.847534424 DASH @ 0.01525050 DASH/BTC 
(source:cryptsy|30s) = 0.012925324 BTC/Day / 3.15 USD/Day (source:btc-e|54s)

Thank you! So $3.15 USD/Day at a cost of 0.9 KW * 24 hr * $0.10/KWH = $2.16 USD/Day cost. So theoretically slightly profitable if a) your rig has already paid for itself, b) you are using it to heat your home...add 20% to the cost to cover cooling otherwise, c) you have relatively inexpensive electricity...Europeans need not apply.

[salmion]

For now the system is working. There will always be attack vectors be it through hash majority or nothing at stake or just through being untested on any coin.

I'm not saying it's not something that shouldn't be thought about just that what you are proposing would have to be super bulletproof, would cause mega uproar and masternodes would certainly have to hide their IPs (wouldn't be a bad thing anyway) etcetc etc. While there are dangers in POW to me at least it seems the best most tried and tested and secure way (for now).

This discussion has come about a few times and I firmly believe a slow measured brainstorm on dashtalk would yield better results than POW fear posted here.

[WastedLTC]

Sorry if this has been answered before but I've gone over the guides and how to start multiple MN's from a single wallet but it doesn't specifically say if you can run multiple MNs from a single machine?   Do I need 5 pi's to run 5 MNs?     I understand I can use Amazon or another VPS provider but same question,  do I run 5 independent instances?      There are other services out there that allow for one setup the MN for you at a very reasonable price but I'm looking to do it myself the same way I got into mining...   was painful at the beginning but in the end I felt it was worth it.

...and if I have to run 5 PIs,  can they all be run from the same location?  

Thnx for the help,  the process of setting up a single MN looks pretty straight forward and one of my friends just got his going.  Just looking to understand what is the cheapest solution to get 5 going.

[qwizzie]

Looks like we are approaching our earlier number of masternodes (before the last update) :

[crowning]

On March 21st, there were 2407 MNs.

Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)

Is this a result of Proof of Work, Even just posted?

It's mainly because of the recent update... the count always goes down until people find the time to do the update AND those Masternodes are listed again.

Look at this graph and guess when the last 3 updates happened: