CHAOSiTEC
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Activity: 1358
Merit: 1002
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March 01, 2014, 07:57:20 AM |
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Darkcoin also resistant to multipool.
This is a very important quality which have to be declared at the title of the topic and on the website.
The fact that its diff algorithm really help with that too A completely newbie question here, but can anyone explain please what a multipool is, and in what way it differs from a 'regular' pool, and why it is important/relevant to be resistant to it? If I do not understand these fundamentals, I expect that many average joes will not understand such titles either. thank you. a multipool, is a pool that jumps from mining one coin, to mining the next coin, its all automated, reasons for jumping is to maximize earnings. all in all by it self quite nice, from a miners view. the problem is often, that when a pool moves in on a new coin, rape it more or less, so the coins miners wont get so many coins, and without kimotos gravity well, would often leave that coin with an impossible high difficulty level |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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eizh
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March 01, 2014, 07:58:37 AM |
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Darkcoin also resistant to multipool.
This is a very important quality which have to be declared at the title of the topic and on the website.
The fact that its diff algorithm really help with that too A completely newbie question here, but can anyone explain please what a multipool is, and in what way it differs from a 'regular' pool, and why it is important/relevant to be resistant to it? If I do not understand these fundamentals, I expect that many average joes will not understand such titles either. thank you. Multipools hop between coins and mine the most profitable one at any given time. The idea is to sell for BTC. The trouble comes about because they're huge (10+ GH/s) and when they hop onto a tiny coin, the difficulty spikes for that coin. Difficulty is how long it takes to solve blocks, i.e. make the network progress over time. Eventually the multipool hops to another coin and leaves the old coin with a huge difficulty. The small mining community has a hard time progressing and is basically "stuck". |
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chompyZ
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March 01, 2014, 08:04:58 AM |
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Darkcoin also resistant to multipool.
This is a very important quality which have to be declared at the title of the topic and on the website.
The fact that its diff algorithm really help with that too A completely newbie question here, but can anyone explain please what a multipool is, and in what way it differs from a 'regular' pool, and why it is important/relevant to be resistant to it? If I do not understand these fundamentals, I expect that many average joes will not understand such titles either. thank you. Multipools hop between coins and mine the most profitable one at any given time. The idea is to sell for BTC. The trouble comes about because they're huge (10+ GH/s) and when they hop onto a tiny coin, the difficulty spikes for that coin. Difficulty is how long it takes to solve blocks, i.e. make the network progress over time. Eventually the multipool hops to another coin and leaves the old coin with a huge difficulty. The small mining community has a hard time progressing and is basically "stuck". Got it !!! thnx. one last question - when you say a multipool jumps with all its hash power from one coin to a 'more profitable' coin, does the pool take into account [automatically that is] the trading volume of that 'profitable coin', or only its last traded price? thanks again. |
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ozkraut
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March 01, 2014, 08:06:56 AM |
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All in ! Except for a bit of BTC all is DRK around me now. This one is a keeper. I think.....
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Monero - Wir sind die Leute vor denen uns unsere Eltern gewarnt haben!
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AlexGR
Legendary
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Activity: 1708
Merit: 1049
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March 01, 2014, 08:34:06 AM |
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Darkcoin also resistant to multipool.
This is a very important quality which have to be declared at the title of the topic and on the website.
The fact that its diff algorithm really help with that too A completely newbie question here, but can anyone explain please what a multipool is, and in what way it differs from a 'regular' pool, and why it is important/relevant to be resistant to it? If I do not understand these fundamentals, I expect that many average joes will not understand such titles either. thank you. Multipools hop between coins and mine the most profitable one at any given time. The idea is to sell for BTC. The trouble comes about because they're huge (10+ GH/s) and when they hop onto a tiny coin, the difficulty spikes for that coin. Difficulty is how long it takes to solve blocks, i.e. make the network progress over time. Eventually the multipool hops to another coin and leaves the old coin with a huge difficulty. The small mining community has a hard time progressing and is basically "stuck". Got it !!! thnx. one last question - when you say a multipool jumps with all its hash power from one coin to a 'more profitable' coin, does the pool take into account [automatically that is] the trading volume of that 'profitable coin', or only its last traded price? thanks again. It depends if the multipool operator has included such parameters on his setup. I've seen multipools taking the bait from troll-offers that make a coin appear more profitable to mine than it actually is. |
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elbereth
Newbie
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Activity: 54
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March 01, 2014, 08:37:32 AM |
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I created a small wiki for french speaking community explaining Darkcoin. It still need work but I think we can spread the coin knowledge with it.  http://wiki.darkcoin.frI will try to have the Linux part done today. |
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AlexGR
Legendary
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Activity: 1708
Merit: 1049
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March 01, 2014, 08:40:16 AM |
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Btw, the block explorer still has references to XCO and the old logo. For example: http://explorer.darkcoin.io/address/XjsMz3qQUiRRTe6vTYcaHHbyHwV3yDdBikBtw, I am curious to see how the block explorer operates with DarkSend transactions... what would it show... I also had a thought on what would happen if a 51% malicious attack tampered with DarkSend transactions on the network. Would the problems be any different than tampering with casual transactions or could this lead to uncalculated consequences? Just throwing possible ideas around for bulletproofing... |
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mannie
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March 01, 2014, 08:46:36 AM |
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Hate to bring this up again but I don't think the name really matters in the long run. General users will probably call all cryptocurrencies Bitcoin if they ever bring up a transaction in conversation. It will be the Hoover or Kleenex of crypto. They'll say, "I paid with Bitcoin" even if they used DarkCoin or LiteCoin.
It will just be a brand name to them and they'll use the one that best suits their needs. If they don't like their transactions being public knowledge, I think they'll use DarkCoin, otherwise they'll use Bitcoin.
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cflocation
Sr. Member
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Activity: 327
Merit: 250
it's a hardware thing!
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March 01, 2014, 08:49:28 AM |
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Hate to bring this up again but I don't think the name really matters in the long run. General users will probably call all cryptocurrencies Bitcoin if they ever bring up a transaction in conversation. It will be the Hoover or Kleenex of crypto. They'll say, "I paid with Bitcoin" even if they used DarkCoin or LiteCoin.
It will just be a brand name to them and they'll use the one that best suits their needs. If they don't like their transactions being public knowledge, I think they'll use DarkCoin, otherwise they'll use Bitcoin.
Yes I can see that. Hell I always tell people I am mining bitcoins even though it's alt coins. It's just easier and they know what bitcoins are for the most part |
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CHAOSiTEC
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Activity: 1358
Merit: 1002
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March 01, 2014, 08:59:57 AM |
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boubou
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March 01, 2014, 09:02:09 AM |
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Hate to bring this up again but I don't think the name really matters in the long run. General users will probably call all cryptocurrencies Bitcoin if they ever bring up a transaction in conversation. It will be the Hoover or Kleenex of crypto. They'll say, "I paid with Bitcoin" even if they used DarkCoin or LiteCoin.
It will just be a brand name to them and they'll use the one that best suits their needs. If they don't like their transactions being public knowledge, I think they'll use DarkCoin, otherwise they'll use Bitcoin.
I disagree. The media, the logo on the site "darkcoin accepted", all that implies for my mum, my collegues, my neighbour a much more evil coin than silent-coin/secret-coin/private-coin. I think it's the only (but important) flaw of that coin. |
BEHNZiP6UZunp41vurNaQi4r2hvgG57yzi : BdG
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yesiam6
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March 01, 2014, 09:04:54 AM |
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can we please change the coin name to rainbowcoin?
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mannie
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March 01, 2014, 09:10:22 AM |
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Hate to bring this up again but I don't think the name really matters in the long run. General users will probably call all cryptocurrencies Bitcoin if they ever bring up a transaction in conversation. It will be the Hoover or Kleenex of crypto. They'll say, "I paid with Bitcoin" even if they used DarkCoin or LiteCoin.
It will just be a brand name to them and they'll use the one that best suits their needs. If they don't like their transactions being public knowledge, I think they'll use DarkCoin, otherwise they'll use Bitcoin.
I disagree. The media, the logo on the site "darkcoin accepted", all that implies for my mum, my collegues, my neighbour a much more evil coin than silent-coin/secret-coin/private-coin. I think it's the only (but important) flaw of that coin. I definitely think it could be better. PrivateCoin is a much more fitting. But I just don't think it will be too much of a problem. Not every association with dark is bad. With a better logo and professional branding, it wouldn't be a problem. |
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traumschiff
Legendary
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Activity: 1498
Merit: 1001
180 BPM
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March 01, 2014, 09:12:21 AM |
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can we please change the coin name to rainbowcoin?
and we could call the sgminer mylittleponyminer |
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mannie
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March 01, 2014, 09:21:51 AM |
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Hate to bring this up again but I don't think the name really matters in the long run. General users will probably call all cryptocurrencies Bitcoin if they ever bring up a transaction in conversation. It will be the Hoover or Kleenex of crypto. They'll say, "I paid with Bitcoin" even if they used DarkCoin or LiteCoin.
It will just be a brand name to them and they'll use the one that best suits their needs. If they don't like their transactions being public knowledge, I think they'll use DarkCoin, otherwise they'll use Bitcoin.
I disagree. The media, the logo on the site "darkcoin accepted", all that implies for my mum, my collegues, my neighbour a much more evil coin than silent-coin/secret-coin/private-coin. I think it's the only (but important) flaw of that coin. I definitely think it could be better. PrivateCoin is a much more fitting. But I just don't think it will be too much of a problem. Not every association with dark is bad. With a better logo and professional branding, it wouldn't be a problem. also, brands can shake off stigma. people still drink coca cola even though the company once used cocaine in the drink. |
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LimLims
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March 01, 2014, 09:24:06 AM
Last edit: March 01, 2014, 09:34:29 AM by LimLims |
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Hate to bring this up again but I don't think the name really matters in the long run. General users will probably call all cryptocurrencies Bitcoin if they ever bring up a transaction in conversation. It will be the Hoover or Kleenex of crypto. They'll say, "I paid with Bitcoin" even if they used DarkCoin or LiteCoin.
It will just be a brand name to them and they'll use the one that best suits their needs. If they don't like their transactions being public knowledge, I think they'll use DarkCoin, otherwise they'll use Bitcoin.
I'm glad this is being discussed, because I agree with others that it's a genuine drawback of the coin and will limit its use. If it's going to be rebranded, better sooner than later. I think both sides have good points. For some products, branding really doesn't matter in the long run because once the product is ingrained into public consciousness, the name becomes irrelevant. Facebook is a crappy name, but that doesn't matter a bit now that it's everywhere. Darkcoin's case is a little different. We're going to face an uphill battle for public acceptance. We're going to be smeared by the media. People are not going to be generous and look for positive interpretations of the name. Every other news article is going to mention the possibility / reality of illicit activities conducted under the cloak of darksend. The public will form their opinion on us based on the name alone. Essentially, anything ambiguously dark & shady in our branding puts us on the back foot with these challenges. I'm thinking long term here. What will a large retailer feel that a "darkcoin accepted here" logo on their site will do to their image? What are our devs going to have to deal with from the media? I think the key point is that much of this is largely avoidable simply by creating appropriate branding. As distasteful as it is for us (given that we obviously aren't judging the coin by superficial word associations), marketing for the public is still important if we care about the future of the coin. We don't want to needlessly limit darkcoin to a niche of cryptocurrency geeks and anti-authoritarian types. My 2 satoshis. |
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coinzcoinzcoinz
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March 01, 2014, 09:25:15 AM |
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I cannot wait till I'm able to buy hookers, cocaine and weapons of mass destruction using my darkcoin
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yesiam6
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March 01, 2014, 09:26:59 AM |
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I cannot wait till I'm able to buy hookers, cocaine and weapons of mass destruction using my Rainbowcoin
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\:. _ \ \\:\ \ \ \
\. \`-\ \ \\:\_\ \ \
\__\/ \__\/ \_____\/
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AD_Infinitum
Member
Offline
Activity: 74
Merit: 10
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March 01, 2014, 09:42:26 AM |
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- Super secure hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)
- Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
- CPU/GPU mining
- Block generation: 2.5 minutes
- Difficulty Retargets using Kimoto Gravity Well
- 84 Million Coins Max
- Anonymous transactions using DarkSend: Pre-Alpha
I was so happy to see the price is up again. But then I noticed that eduffield remove the line "Encrypted transaction network" form the specification! Why? Did I miss something? |
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LimLims
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March 01, 2014, 09:51:35 AM |
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- Super secure hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)
- Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
- CPU/GPU mining
- Block generation: 2.5 minutes
- Difficulty Retargets using Kimoto Gravity Well
- 84 Million Coins Max
- Anonymous transactions using DarkSend: Pre-Alpha
I was so happy to see the price is up again. But then I noticed that eduffield remove the line "Encrypted transaction network" form the specification! Why? Did I miss something? Well spotted. Eduffield has said the encrypted blockchain was an originally planned feature, but it may or may not be implemented. Since it's not a definite part of the spec I suggested we take it off the OP. DarkSend is a separate feature and doesn't rely on it. |
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