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

[Standhaft]

Why is people still mining this with 35% profitability compared to LTC?

It is more profiable than LTC... Where do you have that information? I feel someone is spreading around some crap :/

+1

Or it's the 'mine and dump' mindset.

even with the mine and dump mindset it is more profiable. I just ran coinwarz and LTC seems to give about 10-15% less $$$ than DRK does and coinwarz profitability is rarely reached. Addtional power costs for scrypt not included

[Kai Proctor]

I decided to dump half my Darkcoins today because of this coin. I fear if legit it could make Darkcoin obsolete and holding it will be toxic. I'm gonna be on the sidelines until I know anything different.

https://bitcointalk.org/index.php?topic=525419

Agree or Disagree?

I think this cold be an interesting experiment - BUT I don't know why you would buy a coin that you can't use and then hope that it would magically accrue value.

The idea that everyone gets coins based on nothing but wanting them makes all the coins equally scarce - and equally available. Why would I want what you have when I already have the same thing?

He is allegedly a troll.

[goin2mars]

I have the same problem as boubou. Have tried many things as well, and am open for ideas too.

If I throw in 30 drk too, could we please get a legitimate bounty for this as well (LimLims) . . so we both don't have to keep asking the question?

Also, I keep seeing talk about crowd sourcing the logo design. Awesome idea.

Are there any chances we could get a crowdfunding website up too? I'm sure it's becoming complicated to manage all the funds, and this would really help with visibility too.

If you're looking for something that really works . . use indiegogo. Perfect example for everyone: http://vertcoinmarket.com/

I did not see boubou posting if he tried this bios or not, can you please give it a shot? https://bitcointalk.org/index.php?topic=421615.msg5857809#msg5857809

As always back up your current bios (and post here if you can) and if it is a dual bios card, obviously try with the switch flipped to the 2nd Bios.

I will give this a shot and pm/write here to let you know. Thanks!

[Infectiphibian]

Why is people still mining this with 35% profitability compared to LTC?

Because, long term, DRK makes more sense than LTC, which claimed it would never be mineable on GPUs and ASICs, and how'd that turn out? ASIC mining consolidates the network instead of diversifying it... LTC profitability is based on people not understanding this.

My electical rate is on a tier system, starting at .18kw/h up .35kw/h. By keeping my power usage low, I am actually mining at 80% profitability.

[stokecrypto]

+1 for DRK very nice coin to mine! perfect for summer

[Puycheval]

I tryed a few drivers, but the fact is that it happened only with Darkcoin mining, so it should put the driver/bios/hardware aside if I'm correct.
I'm pretty sure that there is something in the miner that react baddly with the R9 290.

I just noticed one more thing:
When the loss happened: all my cards (even the non-290) had a huge drop.
After that drop, all the cards climb up again, the other model reach their max hasrate, and the 290 reach only 90% of max hasrate.

Since I'm not really fluent in English here is an example:

Coldreboot
290: 2.5  270: 1.3
10 minutes then a drop in the same second of all the cards in the rigg
290:1.5  270 0.9
Immediatly the hasrate started to recover and a few seconds later:
290: 2.3  270: 1.3  so a loss is visible only on the 290
If I restart the miner, I keep that last hasrate.
If I coldreboot: It starts over.

PS: it happend the same way without overclocking: 290 went from 2.0 to 1.8.

This reminds me of a problem I had when I was mining ultracoin during last N change. I was looking for a new cgminer config and came up with TC=56xxx. Hashrate was very good till it drops for 3 cards (rig have 4 R9 290) after ~several minutes.
The solution was to lessen TC count.
Give it a try.

[jl777]

Why is people still mining this with 35% profitability compared to LTC?

Obviously you haven't seen this or you wouldn't even be asking that:

The algorithm begins with the n+1 bit state. That is, the first n bits are each in the state |0\rangle  and the final bit is |1\rangle . A Hadamard transformation is applied to each bit to obtain the state




We have the function f implemented as quantum oracle. The oracle maps the state  |x\rangle|y\rangle  to  |x\rangle|y\oplus f(x) \rangle , where \oplus is addition modulo 2 (see below for details of implementation). Applying the quantum oracle gives

For each x, f(x) is either 0 or 1. A quick check of these two possibilities yields

At this point the last qubit may be ignored. We apply a Hadamard transformation to each qubit to obtain

where  is the sum of the bitwise product.
Finally we examine the probability of measuring

which evaluates to 1 if f(x) is constant (constructive interference) and 0 if f(x) is balanced (destructive interference).

I think you made a sign error in your equation

[coins101]

I decided to dump half my Darkcoins today because of this coin. I fear if legit it could make Darkcoin obsolete and holding it will be toxic. I'm gonna be on the sidelines until I know anything different.

https://bitcointalk.org/index.php?topic=525419

Agree or Disagree?

Agree if I can buy more Darkcoins from people like you lol

With a simple pre-announcement you are ready to dump half of your coins, that's a strategy. I can't judge but it's not mine.

My strategy? I bought them at 1/10 of the price. I guess you might call me the smart money. While you might well be the...

If you are going to dump any more, can you give me a bit of notice so I can transfer some BTC to cryptsy.

Still drying my eyes from laughing so much on the Spark thing. Good one. 

Keep up the good work.

[camosoul]

He is allegedly a troll.

In this case "allegedly" = "self convicted."

[AlexGR]

Depends on the bounty. Some of them I decide, some of them the dev team decides, some the community will decide on. Generally each is marked as such. It's difficult to put bounties to vote because money is on the line, and psudonymous voting can be gamed.

This one was more of a fun bounty, hence the low amount. I'm not going to enter into debate about the decisions though, let's just congratulate the winners and move onto the next target.

If you and the devs are ok: I think we need a public english wiki for Darkcoin, just like wiki.darkcoin.fr (good job there  ), to include

-laymen information (Google-able) until Wikipedia finally accepts Darkcoin, so that when they hit "darkcoin wiki" they'll go into it

In other pages of the same wiki one should be able to find:

-all relevant and in-depth information
-all programs related to darkcoin with links etc
-development changes, future stuff, running projects (like marketing bounties) etc
-hardware configuration and performance database for miners where we can point them for settings, relative performances etc
-list of every exchange and discussion point (forums, reddit, irc places etc)

In sort this should be the one-stop-info for all information darkcoin related that even the main site can link to, or get info from.

Thing is I'm quite slow with using wiki format but I can write lots of content in text/doc that can be submitted if we can set it up (which can be edited/improved by interested members).

What we'll need is a server/domain (whether in the existing domain of darkcoin or elsewhere) that has both wiki and darkcoin in its name. We'll mention it often in this thread to create google backlinks that raise it in relevant searches.

[goin2mars]

Shameless repeat of asking about using a crowdfunding website . . because it looks like it got posted in the middle of a troll post.

Does anyone at all think this would be a great way to go? A visual way of seeing what's on the table and how far until the goal is met?

[HammerHedd]

Why is people still mining this with 35% profitability compared to LTC?

Obviously you haven't seen this or you wouldn't even be asking that:


Darkcoin mining profitability model.

The algorithm begins with the n+1 bit state . That is, the first n bits are each in the state  and the final bit is . A Hadamard transformation is applied to each bit to obtain the state



We have the function f implemented as quantum oracle. The oracle maps the state   , where is addition modulo 2 (see below for details of implementation). Applying the quantum oracle gives

For each x, f(x) is either 0 or 1. A quick check of these two possibilities yields

At this point the last qubit may be ignored. We apply a Hadamard transformation to each qubit to obtain

where  is the sum of the bitwise product.
Finally we examine the probability of measuring

which evaluates to 1 if f(x) is constant (constructive interference) and 0 if f(x) is balanced (destructive interference).

I think you made a sign error in your equation

You are right - corrected now

[AlexGR]

Even so, if an ASIC complex enough to mine DRK is ever invented, it's contributions to other sciences would be huge...

I suspect the problematic acceleration on GPUs compared to CPUs is a hint that ASICs might suck at it.

[lixxy]

Does anyone have optimal settings for a R9 270 that I could try out? HIS iPower IceQ X2 to be exact, they run really cool but I can't seem to get more than 1.3mh each

1,3 MH/s seem to be about right. In this sheet there is a R9 270 hashing with 1,34 MH/s. Maybe those settings give you a boost

and guys dont feed the troll

thanks a lot! I always think my cards arent getting enough, with scrypt and also now with darkcoin... just because some rare people manage to get +10% maximum out of their cards compared to everyone else, I feel like I am supposed to be able to do the same thing. but, being greedy isnt good, so Ill settle for my 1.3mh that run stable and nicely thanks again

[camosoul]

Even so, if an ASIC complex enough to mine DRK is ever invented, it's contributions to other sciences would be huge...

I suspect the problematic acceleration on GPUs compared to CPUs is a hint that ASICs might suck at it.

An ASIC can be built to do anything well. But 11 different things... Probably not worth building.

[dime]

I keep reading people saying that the people who mined in the first 24 hours of this coin mined 2 million coins, so I just couldn't believe that could be true.  The highest block reward was 500 coins, I remember the difficulty going up pretty quickly, but even if it didn't, and the block reward stayed at 500 coins, the most that could have been mined is 288,000 coins.

I just want to set the record straight.  People really exaggerate - a lot!

Given such a definitive statement that "the most that could have been mined is 288,000 coins", can you describe how you came to such a number?

[goin2mars]

I keep reading people saying that the people who mined in the first 24 hours of this coin mined 2 million coins, so I just couldn't believe that could be true.  The highest block reward was 500 coins, I remember the difficulty going up pretty quickly, but even if it didn't, and the block reward stayed at 500 coins, the most that could have been mined is 288,000 coins.

I just want to set the record straight.  People really exaggerate - a lot!

Given such a definitive statement that "the most that could have been mined is 288,000 coins", can you describe how you came to such a number?

That was already explained. It was a misunderstanding about how starting difficulties correlate to the block generation time.

The misunderstanding was that the blocks are generated at 2.5 minutes . . always.

This was resolved upon someone explaining that the initial difficulty causes many more coins to be mined than expected. In this case, about 6.4x more.

The math was that in 24 hours, with a 500 coin block reward and a 2.5 min generation time . . you'll get 288000 coins. about 1.8 mil were actually created . . due to the difficulty retargeting algorithm catching up to the net hashrate of the coin.

Happens with just about every coin out there . . first day is bedlam and then the weeks that follow are people wishing they were there the first day.

There's been solutions like starting your difficulty at a fair one . . which seems like the way to go due to the amount of people in this now coupled with the increased technology in gpu/cpu's we have compared to when bitcoin started.

[luke997]

Here's an interesting Darkcoin experiment.

2 days ago, I've mentioned cryptocurrency idea in general to 4 people with different backgrounds, job types and relation to me.
I've suggested sites and places to read, and also mentioned main types and several coins (bitcoin, litecoin, vertcoin, darkcoin, nxt).

Yesterday, the following happened:

Person 1 invested into ~3000 Darkcoins
Person 2 initially wanted to start mining, but instead invested into ~1500 Darkcoins and ~1.5 BTC
Person 3 invested into ~2000 Darkcoins
Person 4 was not interested in the concept at all (I wasn't surprised, this person always fails to look more than week ahead).

These people were not interested in trading or daily rate watching. Long term investment.

I was very surprised how quickly people acknowledged powerful idea of cryptocurrencies. Darkcoin choice didn't surprised me.
Only natural - with solid team/plan/community this is one of the safest bet (not to mention price fluctuations compared to other coins), and with the anonymity implemented the run for darks is going to get real.

In each case there was however one complain - about unnecessary difficulty of having to buy BTC first.
I'm sure if we there was DRK-fiat exchange, this would brought a lot more people in, also helped the coin to uncouple from BTC rate.


BTW - I would suggest adding "First X-11", "Real dev team" or something similar to the topic.

[boubou]

I have the same problem as boubou. Have tried many things as well, and am open for ideas too.

If I throw in 30 drk too, could we please get a legitimate bounty for this as well (LimLims) . . so we both don't have to keep asking the question?

Also, I keep seeing talk about crowd sourcing the logo design. Awesome idea.

Are there any chances we could get a crowdfunding website up too? I'm sure it's becoming complicated to manage all the funds, and this would really help with visibility too.

If you're looking for something that really works . . use indiegogo. Perfect example for everyone: http://vertcoinmarket.com/

I did not see boubou posting if he tried this bios or not, can you please give it a shot? https://bitcointalk.org/index.php?topic=421615.msg5857809#msg5857809

As always back up your current bios (and post here if you can) and if it is a dual bios card, obviously try with the switch flipped to the 2nd Bios.

I did not have access to my rigg to try a new bios Today, I'll give it a try as soon as I could, with little hope:)

Someone suggest to lower the Thread concurrency, I went from 8192 to 4000 with no change. I even delete that line (in fact delete the entire .conf file) without no changes.

[lixxy]

In each case there was however one complain - about unnecessary difficulty of having to buy BTC first.
I'm sure if we there was DRK-fiat exchange, this would brought a lot more people in, also helped the coin to uncouple from BTC rate.

Bro, it is already confirmed and coming. https://prelude.io

Moolah will have FIAT exchange for all the coins listed there

Other than that, keep up the good work