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

[Schwede65]

i think the funds - each 1000 DRK - of a master-node have to be at another place - not directly on the node

that would be fine for the hacker(s)

is it possible to do this p2p - for all master-node-funds?

[bregge]

Lotteryminning is closing down the pool - we are getting too small, and people seem to only want to mine at the big pools...

The pool will be turned of 22nd of april - Please withdraw your funds.. any funds left on that date will be considered pools property.. and used for happenings at a later date

BUT

we will return with something completly different, and its going to be awesome...

Sad to hear that, i loved the pool!
Looking forward to the completly different!

[haggis]

Is it still profitable to mine drk? I did the following calculation:

2.4 MH in scrypt ~ 6MH in X11

6MH give you about 5drk/day (according to suchpool) which are worth 0.06BTC. That's a third of what I would get with any scrypt multipool.
Even if power consumption really halves it's still less profitable.

Or did I miss something?

[AlexGR]

Is it still profitable to mine drk? I did the following calculation:

2.4 MH in scrypt ~ 6MH in X11

6MH give you about 5drk/day (according to suchpool) which are worth 0.06BTC. That's a third of what I would get with any scrypt multipool.
Even if power consumption really halves it's still less profitable.

Or did I miss something?

Right now it depends on electricity cost. Due to the large drop in BTC and the lowering of profitability of scrypt coins, in places where power costs are too high = scrypt is not even profitable as people are paying more for their power than the money they gain from the scrypt coins.

It's also possible that you'll get more than 3X than scrypt with x11. It depends on the card. Some can go up to 3.8x the scrypt hashrate (my 6850 does that [1065kh vs 280kh] and my 5830 is close behind [1164 vs 315]).

[coins101]

Is it still profitable to mine drk? I did the following calculation:

2.4 MH in scrypt ~ 6MH in X11

6MH give you about 5drk/day (according to suchpool) which are worth 0.06BTC. That's a third of what I would get with any scrypt multipool.
Even if power consumption really halves it's still less profitable.

Or did I miss something?

Yes.

You are valuing your DRK at today's prices, not when they are at $150. It's plenty profitable. 

If you are mining DRK to hold, maybe multipool and buy DRK. If you are mining DRK to sell for BTC, maybe sell your GPUs and get a scrypt ASIC.

[chaeplin]

current block number is 44900
Hard fork : 100 blocks , 4.166666666666667 hours left

[Warning__3]

Can anyone tell me what hashrate i would get with my GTX 580?

[daddeo]

Lotteryminning is closing down the pool - we are getting too small, and people seem to only want to mine at the big pools...

The pool will be turned of 22nd of april - Please withdraw your funds.. any funds left on that date will be considered pools property.. and used for happenings at a later date

BUT

we will return with something completly different, and its going to be awesome...

Sad to hear that, i loved the pool!
Looking forward to the completly different!

Me too. It's always been stable and affordable. Good luck with the next chapter.

[bazka]

How about Darket or Darkett for the lowest value of dark?

[daddeo]

I was thinking along the same lines.

With 1000DRK there is a financial barrier to most people except governments and corporates which governments can easily influence.

Spreading the node network around, while providing a financial barrier to bad actors should still be open for discussion.

What happens when 1,000 DRK is worth $1m, $5m or $20m? Would nodes suddenly go offline as people cash-up and retire to the beach?

Maybe variable rates? Ping distribution detection to find really big clusters?

I'm sure it will be scaled, like transaction fees are scaled in Bitcoin. I think currently 1000 is too little, each coin is only 60 cents, so we are talking $600 dollars to run a node, which isn't bad at all. Personally I'd like to see it at $800-$1000.

I'm torn. I understand the concept, though not on a technical level, and believe in general it's a great idea. However if the number is 1000DRK, in my world, that's a lot of DRK. Also if things take off like we all hope for with this coin, that 1000DRK gets increasingly more difficult to attain. At some point you run the risk of pricing yourself out of a safe and honest network, don't you? Scaling it seems logical but based on what, network difficulty, hash rate or number of total available Master nodes? Maybe all three?

[humanitee]

I was thinking along the same lines.

With 1000DRK there is a financial barrier to most people except governments and corporates which governments can easily influence.

Spreading the node network around, while providing a financial barrier to bad actors should still be open for discussion.

What happens when 1,000 DRK is worth $1m, $5m or $20m? Would nodes suddenly go offline as people cash-up and retire to the beach?

Maybe variable rates? Ping distribution detection to find really big clusters?

I'm sure it will be scaled, like transaction fees are scaled in Bitcoin. I think currently 1000 is too little, each coin is only 60 cents, so we are talking $600 dollars to run a node, which isn't bad at all. Personally I'd like to see it at $800-$1000.

I'm torn. I understand the concept, though not on a technical level, and believe in general it's a great idea. However if the number is 1000DRK, in my world, that's a lot of DRK. Also if things take off like we all hope for with this coin, that 1000DRK gets increasingly more difficult to attain. At some point you run the risk of pricing yourself out of a safe and honest network, don't you? Scaling it seems logical but based on what, network difficulty, hash rate or number of total available Master nodes? Maybe all three?

Something like that. Difficulty is loosely tied to price, as would be the number of master nodes (due to the reward). I was saying that I would like it to be $800-$1000 at any given time, so if Dark goes to $10, then only 80-100 DRK is needed to run a master node. This has the added benefit of allowing even more master nodes because the amount of coins needed decreases as the market capitalization increases. Users would still need a decent stake in dollar terms in order to run a master node.

[luke997]

I was thinking along the same lines.

With 1000DRK there is a financial barrier to most people except governments and corporates which governments can easily influence.

Spreading the node network around, while providing a financial barrier to bad actors should still be open for discussion.

What happens when 1,000 DRK is worth $1m, $5m or $20m? Would nodes suddenly go offline as people cash-up and retire to the beach?

Maybe variable rates? Ping distribution detection to find really big clusters?

I'm sure it will be scaled, like transaction fees are scaled in Bitcoin. I think currently 1000 is too little, each coin is only 60 cents, so we are talking $600 dollars to run a node, which isn't bad at all. Personally I'd like to see it at $800-$1000.

I'm torn. I understand the concept, though not on a technical level, and believe in general it's a great idea. However if the number is 1000DRK, in my world, that's a lot of DRK. Also if things take off like we all hope for with this coin, that 1000DRK gets increasingly more difficult to attain. At some point you run the risk of pricing yourself out of a safe and honest network, don't you? Scaling it seems logical but based on what, network difficulty, hash rate or number of total available Master nodes? Maybe all three?

I've suggested to make it variable and tie to the difficulty (thus the price) couple pages back, but no one bothered to read/reply apparently.

[humanitee]

I've suggested to make it variable and tie to the difficulty (thus the price) couple pages back, but no one bothered to read/reply apparently.

It's a good idea, I must have missed it!

[Equate]

I've suggested to make it variable and tie to the difficulty (thus the price) couple pages back, but no one bothered to read/reply apparently.

It's a good idea, I must have missed it!

yeah its a good idea

[eltito]

What about "Brights" for the lowest DRK denomination?

I like the idea of playing against the dark theme.

Just my 2 Brights.

Evans?

I don't think "duffs" can be beat.

Me neither.

[daddeo]

I was thinking along the same lines.

With 1000DRK there is a financial barrier to most people except governments and corporates which governments can easily influence.

Spreading the node network around, while providing a financial barrier to bad actors should still be open for discussion.

What happens when 1,000 DRK is worth $1m, $5m or $20m? Would nodes suddenly go offline as people cash-up and retire to the beach?

Maybe variable rates? Ping distribution detection to find really big clusters?

I'm sure it will be scaled, like transaction fees are scaled in Bitcoin. I think currently 1000 is too little, each coin is only 60 cents, so we are talking $600 dollars to run a node, which isn't bad at all. Personally I'd like to see it at $800-$1000.

I'm torn. I understand the concept, though not on a technical level, and believe in general it's a great idea. However if the number is 1000DRK, in my world, that's a lot of DRK. Also if things take off like we all hope for with this coin, that 1000DRK gets increasingly more difficult to attain. At some point you run the risk of pricing yourself out of a safe and honest network, don't you? Scaling it seems logical but based on what, network difficulty, hash rate or number of total available Master nodes? Maybe all three?

Something like that. Difficulty is loosely tied to price, as would be the number of master nodes (due to the reward). I was saying that I would like it to be $800-$1000 at any given time, so if Dark goes to $10, then only 80-100 DRK is needed to run a master node. This has the added benefit of allowing even more master nodes because the amount of coins needed decreases as the market capitalization increases. Users would still need a decent stake in dollar terms in order to run a master node.

I see. So having it correlate with the coins current value. That's a good idea. That way it continues to be an adequate deterrent for the dishonest yet a reasonable incentive for the honest who are trying to contribute to the greater good.

[humanitee]

I don't think "duffs" can be beat.

Me neither.

+1, anything single syllable really. Fields, duffs, evs. 

[bregge]

I don't think "duffs" can be beat.

Me neither.

+1, anything single syllable really. Fields, duffs, evs. 

maybe blinds

[TanteStefana]

What about "Brights" for the lowest DRK denomination?

I like the idea of playing against the dark theme.

Just my 2 Brights.

Evans?

I don't think "duffs" can be beat.

I totally agree, The Simpsons are a classic.  Would you believe I remember when they first started out on the Tracy Ullman show?  LOL  It pays homage to that and of course Mr. Duffield

[minersday]

What about "Brights" for the lowest DRK denomination?

I like the idea of playing against the dark theme.

Just my 2 Brights.

Evans?

I don't think "duffs" can be beat.

I totally agree, The Simpsons are a classic.  Would you believe I remember when they first started out on the Tracy Ullman show?  LOL  It pays homage to that and of course Mr. Duffield

With a lawsuit it can...