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

[Rux]

whow !
record MN payment:
4.852 DASH (1 hour 35 minutes 21 seconds ago)
 

dafuq why are blocks so high and diff so low

damn today i will also get payment, its 4 days and 4 hours from last one! GO GO GO

Lucky bastards haha

[Artoodeetoo]

Mr Reappearing buywall on Cryptsy, I think things are about to get intersting people.

Yeah I've had to keep changing my purchase price because of him.    He costs me $$. 

it's more than one person doing this btw, most interesting indeed

Even more interesting

Looks to me like DASH is very much on the menu.

[OrphanedGland]

I have personally designed an X11 ASIC - well the RTL only, which can be used for either FPGA or ASIC implementation.  It includes a mechanism to account for variations in performance between each hash type.  Unfortunately the economics are just not there yet to get this turned into a layout.

This is way beyond anything we did, I would love to see how far you have got, do you have the program or the simulator results, what  
sort of speeds were predicted, could you tell ?

As this work was financed, all I can do is provide a sanitized screenshot.  This is a simulation of the FPGA version of the design using a UART interface:

http://imgur.com/iD2nqsm

Also note that my design has a number of compile time parameters/constants which affect the performance/throughput.  The above simulation is for a design with basic settings only and a nominal clock rate, so the time intervals shown do not reflect expected performance.

[OrphanedGland]

i now mining dash with gpu, and i want to know if old x11 miner can be used to mine dash ?

edit : is x11 asic miner exist ?

Of course...I'm also mining.

I think x11 asic miner is still no present. But maybe I'm wrong.

A fair point to bring up occasionally but..
the question is rather, is it economically viable to design and build an asic machine for X11?

I designed some very tiny micro controllers and FPGA's in University for projects and we built a fast chip that could multiple two 4 bit numbers together.
You might think that its easy and can be done in 5 minutes, but it took days of involved boolean algebra, testing, errors, checking the faulty logic for latency overlap problems etc. Basically you can make any (speedy) function only from Nand gates and flip flops  but you will need very many of them and they are time consuming to setup.

So how long do you think it would take to design a logic circuit  to do 11 hashing algorithms from scratch ?!
The Sha256 maths on paper takes 16 minutes, and this is way more complicated.
https://youtu.be/y3dqhixzGVo

The months of development is not the killer issue though,
This is going to require a lot of logic in series and some of the hash functions will be quicker than others so you will have most of the circuit not doing anything for most of the time hence it will be costly to have relatively unused circuitry(more than common GPU's most likely)
You could optimize it of course in order to use some of the redundant circuit but this will bring in a new round of testing and errors (using the same part of an algorithm twice is risky as they may over lap-must be thoroughly tested)

So months down the line and 50k-100k later (investors getting nervous) drawing closer to an official release, you find that AMD have just released a new graphics card that is twice as quick as the last and Wolf0 has optimized the .bin again (TIA), thus quadrupling the hash rate so your promised pay back time has now gone up by 4, not such a hot seller on ebay any more.

And even if you get past all that, it has already been said that if there was an X11 asic machine developed, a fork could be taken immediately and now we have x12 instead and all that hard expensive work at the R&D labs for months was a complete waste of time (for this X11 coin anyway). Would any company take such a risk, with that in mind ?  (feathercoin done this already)

So do you take the first option, or do you go out and simply buy a few cheap Nvidia 750 ti's and wait for the next upgrades?

https://dashtalk.org/threads/x11-mining-optimisation-project.2584/page-6

I have personally designed an X11 ASIC - well the RTL only, which can be used for either FPGA or ASIC implementation.  It includes a mechanism to account for variations in performance between each hash type.  Unfortunately the economics are just not there yet to get this turned into a layout.

If you were to submit a proposal for a Masternode vote (when it becomes available) to release an open-source FPGA or ASIC miner it might be possible to gain the support necessary to achieve funding. I don't have the figures in front of me at the moment but I imagine it would require quite a rally in order to be economically viable.

We are potentially open to this, however investors have spent a fair amount to get where we are and its unlikely the development fund payments will be able to cover it.  The community would most likely vote for funding to be spent on protocol improvements rather than mining infrastructure.

[ddink7]

The blockchain was never designed as a payments processor - it was designed as actual base money. The difference is that a payments processor plays around with numbers until things are "agreed", and then when the dust settles, sends the net balance to a more permanent settlement system for permanent "settlement".

There can be many layers in the payments processing process. In the example I described before, when you park your cornflakes too close to the person in front in the supermarket checkout queue and they get lumped in with the other person's transaction, the till staffer simply reverses it out of one and into the other. The software in the cash till buffers all that messing around and only later moves the settled balances onto the next "stage" (which isn't even the clearing bank stage yet).

A few hours later, all the till balances are dumped and reconciled and the transactions can sit in a payment processor ledger (like, say stripe) for a week where people get a chance to make claims, do chargebacks, resolve disputes and whatnot.

Maybe a week later the supermarket actually receives the money.

There are therefore several layers of "buffering" in the system - one at the cash till, another at the payment processor (Visa, Maestro etc). Only much later do the transactions actually hit the clearing banks and permanently "embed" themselves in the system.

In crypto, the blockchain is the "bottom layer" in the financial system - the permanent settlement layer. In a mature commercial economy, there's a very large gap between the payment processor and the settlement layer. i.e. you would never have a heavy duty commercial merchant doing blockchain transactions because:

a) the blockchain is not a payment processor and doesn't remotely support all the functionality needed at the point of sale
b) it's far too permanent and slow for heavy duty point of sale

On the bitcoin network, we're starting to see this "meta layer" of payment processor buffering appear. One example is the Lightning network but there are others such as coinbase that do payment buffering so that - although the bitcoin blockchain may have slow clearing times - transactions are instantaneous at the point of sale.

As the crypto economy matures, that layer will become progressively deeper and more of the front line transactional weight will be absorbed by the meta payment processing layer and possibly only a minority by the blockchain settlement layer.

Excellent points!

When the retailer swipes your card, the information is sent to a middle-man (the Acquiring Bank) which communicates with your card's issuing bank to determine if you have enough money/credit to complete the purchase. A hold for that amount is then placed on your account (if using a credit card) and decreases your available credit by that amount.

That transaction is held by the merchant until the end of the day and is bundled with all other transactions made that day and transmitted to the Acquiring Bank which begins the process of settlement. If your card was swiped and then you changed your mind and the merchant voided your purchase, the transaction will never be forwarded to the payment processor and the hold will generally drop off your account at midnight.

Credit card payments are of course reversible, unlike blockchain-based payments. In a very real sense, you could argue that settlement is not fully complete until 3-6 months after a purchase is made, because until that time limit expires, the customer could do a chargeback and the payment could be reversed (potentially allowing the equivalent of a "double spend" where you get the item and keep the money).

Also, all payments are netted and deposited in one lump sum in the merchant's account. So as a merchant, if I have 200 payments of $1 each and one refund of $50, rather than having 200 small deposits and one large debit show up in my bank account, I simply receive a payment of $150 from my payment processor. This reduces "bloat."

In the bitcoin world, services like coinbase already do this, as Tok said. If a transaction is sent from one coinbase wallet to another, the transaction actually never hits the blockchain...it's all done internally.

[eduffield]

Development Update - June 2, 2015

https://dashtalk.org/threads/development-update-june-2-2015.5070/

[Otoh]

Should I buy now?

Dash has gone through several cycles of growth and consolidation. I think this is a very good time to buy, it is really stable in terms of BTC ratio. Now BTC seems to be in a downtrend so the dollar may go down a little, I would buy slowly over the next few days until you reach your target.

I would really take this opportunity to buy, the dev team is working hard implementing some of the recent features that were agreed by the community, specially the new governance system that should provide budget for a range of new initiatives both in development and promotion. I think is fair to say that once that is implemented and we start reinvesting a little in developing the ecosystem that could help reach more adoption and spark the next growth phase, so this time of silence while the dev team is hard at work is ideal to accumulate, Evan tends to present news and developments when no one is expecting them so buying now feels like the smarter thing to do.

Nice Update & Good call

[UdjinM6]

Hit "Enter"

@UdjinM6 - I love your work - but - that was just a smart-ass remark. Of course I hit the 'ENTER' key - =plam to face - ugh

Sorry, but even when you insert "daemon=1" in you dash.conf config file (I wonder how are you able to run daemon without it) you'll still need to hit "Enter"

Please be more familiar with this command "dash-cli masternode start". "dashd" might not be able to do what you want in near future.

@TheLazieR - Please explain what you mean - Gonna need more than that from a "Newbie" and possibly a "Sock-puppet" Troll acct. but - I'm to damn lazy to go look at your post history - ugh

Migrating to 0.10 bitcoin will split "old" dashd to 1) dashd - daemon 2) dash-cli - lightweight cli program to run rpc commands

EDIT: and "dashd some_command" will not be available anymore

[Artoodeetoo]

This is great work team, how much work have you done!?

Looking forward to seeing the feedback.. Have a cheeky beer now!

[razen489]

Dash Price escapes 0.011 BTC uptrending back https://www.coingecko.com/en/price_charts/dash/btc

[Artoodeetoo]

Looks like its about to breakout

[BagHolder010]

Development Update - June 2, 2015

https://dashtalk.org/threads/development-update-june-2-2015.5070/

   \O/
WOOT !!!!

Awesome work!...

Looks like its about to breakout

Yup I said it before .01-011 was the old .006, it's just amazing how active the developers are in Dash + people really believe in Dash and +2.5m locked coins on Masternodes proves it.
My guess and I am no expert Dash will reach a newer supporting level can't wait to c what that level will be

[rentahash]

DASH is progressing smoothly!

Nice to see truly decentralization in action!

[Sub-Ether]

As this work was financed, all I can do is provide a sanitized screenshot.  This is a simulation of the FPGA version of the design using a UART interface:

Also note that my design has a number of compile time parameters/constants which affect the performance/throughput.  The above simulation is for a design with basic settings only and a nominal clock rate, so the time intervals shown do not reflect expected performance.

Thank you very much for your professional input (reminds me of my student days on the altera test boards, lol),
Am wishing you all the luck with your project and perhaps it will be brought to fruition one day in the future if the price goes way up and this becomes a viable project to manufacture and sell.
Small tiny last question please, am wondering roughly how many man hours or months of work it has taken to get this far?
(btw, 'beefdead' is a funny hex number, is kind of like 'boobless' in decimal)

ASIC X11 miner simulation for a FPGA

[qwizzie]

Development Update - June 2, 2015

https://dashtalk.org/threads/development-update-june-2-2015.5070/

very good news indeed and one amazing large update, here is to hoping everything goes smoothly in the internal testing
and hopefully we all meet on public Testnet again in two weeks (give or take a few days  ) .
 

[Sub-Ether]

Development Update - June 2, 2015

https://dashtalk.org/threads/development-update-june-2-2015.5070/

very good news indeed and one amazing large update, here is to hoping everything goes smoothly in the internal testing
and hopefully we all meet on public Testnet again in two weeks (give or take a few days  ) .
 

See you at the party!

[crackfoo]

To whoever asked about mining, meant to reply.. I use xpool.ca

Seems very good to me... Get a few Dash per week out of it

I've used xpool.ca as well, and I agree that it's an excellent pool.  I used my old sha256 asic there, and being I have no interest in bitcoins or any other sha256 coin, I simply let xpool use the hash where it made the most DASH for me, no worries

Just FYI, I've been banned for a while and haven't been able to post. I've now implemented a new fully automated payout system. This will now have daily exchanged payouts, except weekends. Mined coins are paid out every 6 hours. If you're using X11 (Really need more X11!) then you'll get your matured DASH delivered every 6 hours. Those using the other algo's get their DASH each weekday around noon time EST.

Cheers!

[coins101]

Development Update - June 2, 2015

https://dashtalk.org/threads/development-update-june-2-2015.5070/

Super cool update.

Thanks to all involved.

[coins101]

....Small tiny last question please, ..
(btw, 'beefdead' is a funny hex number, is kind of like 'boobless' in decimal)

..

You're hiding a few little secrets.

Come on Sub-Ether, do you work for GCHQ?

Are you the Fifth Man?

[Sub-Ether]

Come on Sub-Ether, do you work for GCHQ?

Are you the Fifth Eleventh Man?

If I worked for GCHQ I would know what I'm talking about