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chompyZ
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April 30, 2014, 06:02:28 AM |
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My 2-cents analogy for Dark Wallet: About 15 years ago, I was exposed to several radical start-ups in Israel in the fields of betting and forex. At the time, html looked pale, whereas Flash was really pushing the limits in user experience, animation, etc. It took time to understand an apparent paradox- People liked very much the betting and financial presentation of markets in Flash, but apparently where not loading money to their account. At the time, the general thought was it's because people are afraid to give their credit-cards or don't trust the companies... It took some time until the 'dime fell'. The reason was that people where not trusty of Flash as means to transfer their credit-card details. It was too shinny. Like a honeypot... When 2 groups of people were offered the choices - an html page for entering their credit-card details (with a secure https lock etc.), or a Flash interface, the numbers were overwhelmingly favorable to html. Fast forward to 2014 - Dark Wallet: From the little I understand, DarkWallet is a plugin for browsers... I believe people do not trust plug-ins with their money, in the same manner as they did not trust flash. To strengthen my argument above, I can stress that I've seen more than a few start-ups in the past decade that deal in NFC (Near Field Communications), and other types of mobile payments and eCash. Al have failed... and it wasn't because of the technology. |
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reda
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April 30, 2014, 06:02:52 AM
Last edit: April 30, 2014, 10:51:52 AM by reda |
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omg ! check this article, i really hope they will not implement the X11 to their ASIC miners Today, Flower Tech is thrilled to announce several significant accomplishments in our Scrypt ASIC development. Our customers will receive the absolute best in performance, power and value when it comes to Scrypt mining solutions. Our engineering team at Ensilica has made substantial progress on our ASIC, and continue to progress steadily with development as we work towards tape-out. We once again are able to provide the highest performance Scrypt ASIC with the lowest power consumption on the market. First and foremost, in order to provide our customers with the best value in performance mining hardware, we will be upgrading the Orchid and all customers’ Orchid orders, present and future, to 60 MH/s and will remain at our highly competitive price of $1,900 USD. Our brand new, high-performance miner, the Lilac, will hash at a rate of 300MH/s with the market-best pricing of only $7900.00 USD, hailing in at a market-topping cost per kH of $0.0263 / (kH/s). This ensures the Lilac is the absolute best in performance per dollar on the Scrypt mining market. Lilac pre-orders will be first come first served and will ship according to priority in qeueu. Any existing Orchid customers who wish to upgrade to the Lilac will be given the option to do so and are asked to send an email to info@flowertechnology.com with an upgrade request. We are pleased to announce our updated power specifications for the Flower Tech 28nm ASIC. Our skilled engineers have managed to achieve incredibly low power usage for each Flower Technology chip, with numbers tested and confirmed at slightly under 1.8 watts per mega-hash. This milestone is achieved through M.A.S.T. (Massive Array of Scrypt Threads) technology, aimed to minimize consumer power usage and necessary cooling, keeping monthly power bills low and allowing you to mine at a highly efficient rate with maximum performance. Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt mining community. The Flower Technology ASIC is now capable of mining Scrypt-N in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining options and increased versatility. Examples of Scrypt-based coins you can mine with our machines includes Litecoin, Dogecoin, Mastercoin, Darkcoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA.
Here at Flower Tech we will continue to set the bar in performance, power-saving and versatility. We appreciate the support we have gathered from the community, and will continue to work to improve our units as we work progress towards tape-out.
ALSO: WE HAVE SECRETLY BEEN WORKING TO IMPLEMENT SUPPORT FOR SCRYPT-N SUPPORT UP TO N=16384!!! We have been successful and now our ASIC is capable of mining any Scrypt-N coins such as Vertcoin |
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jakecrow
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April 30, 2014, 06:10:53 AM |
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Blah blah pre-order our ASICs they are the best...never heard that before  |
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Simcom
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April 30, 2014, 06:11:39 AM |
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omg ! check this article, i really hope they will not implement the X11 to their ASIC miners Today, Flower Tech is thrilled to announce several significant accomplishments in our Scrypt ASIC development. Our customers will receive the absolute best in performance, power and value when it comes to Scrypt mining solutions. Our engineering team at Ensilica has made substantial progress on our ASIC, and continue to progress steadily with development as we work towards tape-out. We once again are able to provide the highest performance Scrypt ASIC with the lowest power consumption on the market. First and foremost, in order to provide our customers with the best value in performance mining hardware, we will be upgrading the Orchid and all customers’ Orchid orders, present and future, to 60 MH/s and will remain at our highly competitive price of $1,900 USD. Our brand new, high-performance miner, the Lilac, will hash at a rate of 300MH/s with the market-best pricing of only $7900.00 USD, hailing in at a market-topping cost per kH of $0.0263 / (kH/s). This ensures the Lilac is the absolute best in performance per dollar on the Scrypt mining market. Lilac pre-orders will be first come first served and will ship according to priority in qeueu. Any existing Orchid customers who wish to upgrade to the Lilac will be given the option to do so and are asked to send an email to info@flowertechnology.com with an upgrade request. We are pleased to announce our updated power specifications for the Flower Tech 28nm ASIC. Our skilled engineers have managed to achieve incredibly low power usage for each Flower Technology chip, with numbers tested and confirmed at slightly under 1.8 watts per mega-hash. This milestone is achieved through M.A.S.T. (Massive Array of Scrypt Threads) technology, aimed to minimize consumer power usage and necessary cooling, keeping monthly power bills low and allowing you to mine at a highly efficient rate with maximum performance. Finally, we are thrilled to announce a huge milestone in both ASIC development and the Scrypt mining community. The Flower Technology ASIC is now capable of mining Scrypt-N in addition to Scrypt proof-of-work coins. This will future-proof your purchase for expanded mining options and increased versatility. Examples of Scrypt-based coins you can mine with our machines includes Litecoin, Dogecoin, Mastercoin, Darkcoin, Isracoin, Auroracoin, Feathercoin, while examples of Scrypt-N coins you can mine with our machines includes Vertcoin, execoin, GPUcoin, CaiShen and PANDA.
Here at Flower Tech we will continue to set the bar in performance, power-saving and versatility. We appreciate the support we have gathered from the community, and will continue to work to improve our units as we work progress towards tape-out.
[30/04/2014 06:56:56] Atef DRIRA: ALSO: WE HAVE SECRETLY BEEN WORKING TO IMPLEMENT SUPPORT FOR SCRYPT-N SUPPORT UP TO N=16384!!! We have been successful and now our ASIC is capable of mining any Scrypt-N coins such as VertcoinBut Darkcoin is not a scrypt-based. I highly doubt their asic would work with x11. If asics did come it would definitely drive to block reward down to 5 and probably help the price that way... so it probably wouldnt be that bad tbh. Even though I love mining x11  |
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darkproton
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April 30, 2014, 06:22:40 AM |
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My 2-cents analogy for Dark Wallet: About 15 years ago, I was exposed to several radical start-ups in Israel in the fields of betting and forex. At the time, html looked pale, whereas Flash was really pushing the limits in user experience, animation, etc. It took time to understand an apparent paradox- People liked very much the betting and financial presentation of markets in Flash, but apparently where not loading money to their account. At the time, the general thought was it's because people are afraid to give their credit-cards or don't trust the companies... It took some time until the 'dime fell'. The reason was that people where not trusty of Flash as means to transfer their credit-card details. It was too shinny. Like a honeypot... When 2 groups of people were offered the choices - an html page for entering their credit-card details (with a secure https lock etc.), or a Flash interface, the numbers were overwhelmingly favorable to html. Fast forward to 2014 - Dark Wallet: From the little I understand, DarkWallet is a plugin for browsers... I believe people do not trust plug-ins with their money, in the same manner as they did not trust flash. To strengthen my argument above, I can stress that I've seen more than a few start-ups in the past decade that deal in NFC (Near Field Communications), and other types of mobile payments and eCash. Al have failed... and it wasn't because of the technology. Nice. I never thought about this in the way you have clearly stated. I like your read on the situation. I, myself, would not trust money going through a plugin. Heck, I barely like plugins. I dare say I would fall in with the html group over flash. Very interesting and thought provoking. |
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chompyZ
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April 30, 2014, 06:48:34 AM |
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Seriously though, this is a fantastic solution, I'm relatively certain the logic is sound, and the level of anonymity will be very high. I'll sleep well tonight for sure  Question - When A sends 100 drk to B, does B get it into 10 different addresses, each containing 10 DRK? Question 2 - If the above TRUE, how will a user ever manage to accumulate 1,000 DRK (e.g. for creating a supernode) into one single address? |
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eizh
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April 30, 2014, 07:22:34 AM |
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The development of a Scrypt-N miner means that algo is doomed. X11 will be the main answer to ASICs (for the time being).
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Acidyo
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April 30, 2014, 07:24:07 AM |
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The development of a Scrypt-N miner means that algo is doomed. X11 will be the main answer to ASICs (for the time being).
I don't think an asic x11 will be functioning any time soon. If that day comes, we just find some new algo to fork into.  |
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dotnetmin
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April 30, 2014, 07:25:41 AM |
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The development of a Scrypt-N miner means that algo is doomed. X11 will be the main answer to ASICs (for the time being).
No, thea are also able to mine X11 as DRK and the new not yet announced Hash0815 algo  Super machine, sell all you DRK |
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Amph
Legendary
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Activity: 3248
Merit: 1070
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April 30, 2014, 07:27:05 AM |
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The development of a Scrypt-N miner means that algo is doomed. X11 will be the main answer to ASICs (for the time being).
what development you are talking about? scrypt-n is even more asic deterrent compared to x11, at best x11 is doomed not the contrary |
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Amph
Legendary
Offline
Activity: 3248
Merit: 1070
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April 30, 2014, 07:38:38 AM |
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"ALSO: WE HAVE SECRETLY BEEN WORKING TO IMPLEMENT SUPPORT FOR SCRYPT-N SUPPORT UP TO N=16384!!! We have been successful and now our ASIC is capable of mining any Scrypt-N coins such as Vertcoin"
we are screwed, gg mining
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chompyZ
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April 30, 2014, 08:02:33 AM |
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"ALSO: WE HAVE SECRETLY BEEN WORKING TO IMPLEMENT SUPPORT FOR SCRYPT-N SUPPORT..."
we are screwed, gg mining
Unlike other coins, Darkcoin enjoys 2 economies, one being Mining which is ASIC susceptible in the future, and the second being Mixing via Supernodes (ASIC resilient)... If ASICs do arrive to X11, these will be "latecomers". Early adopters miners can move to focus on Mixing. Furthermore, we can then change the 90:10 reward ratio between the Mining:Mixing to 50:50 for example. That way, only 50% of the darcoin economy as a whole is influenced by ASIC... |
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scorpio18
Legendary
Offline
Activity: 1736
Merit: 1000
Admin of CoinMiners Pools
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April 30, 2014, 08:33:38 AM
Last edit: April 30, 2014, 09:37:12 AM by scorpio18 |
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DarkCoin P2Pooladdress: stratum+tcp://scorp.hopto.org:7903
Username: Your DarkCoin address
Passoword: Does not matter, anything!
Status p2pool:
http://scorp.hopto.org:7903/static/
Node fee: 0.5%
Spread the hashes!!
Recommended Settings:
./sgminer -k darkcoin -o stratum+tcp://scorp.hopto.org:7903 -u WALLET -p x Manual Share Difficulty
Reccomended Share Difficulty
Hash Rate (KHash/s) Difficulty
1 +0.00000116
5 +0.00000582
10 +0.00001164
50 +0.00005821
100 +0.00011641
250 +0.00029103
500 +0.00058207
750 +0.00087310
1000 +0.00116414
Add this number to the end of your username (wallet address)
Example: WalletAddress+0.00116414 |
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Eastwind
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April 30, 2014, 08:44:37 AM |
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Manual Share Difficulty
Reccomended Share Difficulty
1 +0.00000116
5 +0.00000582
10 +0.00001164
50 +0.00005821
100 +0.00011641
250 +0.00029103
500 +0.00058207
750 +0.00087310
1000 +0.00116414
Add this number to the end of your username (wallet address)
Example: WalletAddress+0.00116414 What does 1, 5, 1000 mean here? |
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droptable
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April 30, 2014, 08:49:00 AM |
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[...]
When 2 groups of people were offered the choices - an html page for entering their credit-card details (with a secure https lock etc.), or a Flash interface, the numbers were overwhelmingly favorable to html.
Fast forward to 2014 - Dark Wallet:
From the little I understand, DarkWallet is a plugin for browsers...
I believe people do not trust plug-ins with their money, in the same manner as they did not trust flash.
To strengthen my argument above, I can stress that I've seen more than a few start-ups in the past decade that deal in NFC (Near Field Communications), and other types of mobile payments and eCash. Al have failed... and it wasn't because of the technology.
your observation is very interesting. and i can follow every step, except NFC - in this case it IS the technology, its just not safe enough. which brings us to a browser plugin -> bad idea. // edit: confused Darksend with Darkwallet. sry! |
DΛRKCOIN -> is now -> DΛSH
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not DashCoin, not DarkDash, not anything. The Name has been / is changed the tech stays the same |
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coins101
Legendary
Offline
Activity: 1456
Merit: 1000
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April 30, 2014, 09:01:16 AM |
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"ALSO: WE HAVE SECRETLY BEEN WORKING TO IMPLEMENT SUPPORT FOR SCRYPT-N SUPPORT..."
we are screwed, gg mining
Unlike other coins, Darkcoin enjoys 2 economies, one being Mining which is ASIC susceptible in the future, and the second being Mixing via Supernodes (ASIC resilient)... If ASICs do arrive to X11, these will be "latecomers". Early adopters miners can move to focus on Mixing. Furthermore, we can then change the 90:10 reward ratio between the Mining:Mixing to 50:50 for example. That way, only 50% of the darcoin economy as a whole is influenced by ASIC... that's interesting. Finding a place for ASICs to secure the network plus a decentralised array of nodes to keep miners engaged. to be successful while migrating to effectively PoS, there needs to be a way for small miners to get together to afford 1000DRK; and for non-techie miners to participate in setting up and maintaining nodes - nodes as a service. The reason ASICs piss people off is that coins begin their life by asking large numbers of small miners to help them, and ASICs takes over their hard work and leaves them behind. This would be a nice middle ground. |
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thelonecrouton
Legendary
Offline
Activity: 966
Merit: 1000
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April 30, 2014, 09:18:57 AM |
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We are pleased to announce something that doesn't exist yet, will cost a fortune if it ever does, and can be instantly obsoleted by a five minute change to your favourite coins codebase! Please send us your $$$$$ !!!
Yes, please take my money immediately! |
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GhostPlayer
Legendary
Offline
Activity: 1092
Merit: 1000
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April 30, 2014, 09:20:39 AM |
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"ALSO: WE HAVE SECRETLY BEEN WORKING TO IMPLEMENT SUPPORT FOR SCRYPT-N SUPPORT..."
we are screwed, gg mining
Unlike other coins, Darkcoin enjoys 2 economies, one being Mining which is ASIC susceptible in the future, and the second being Mixing via Supernodes (ASIC resilient)... If ASICs do arrive to X11, these will be "latecomers". Early adopters miners can move to focus on Mixing. Furthermore, we can then change the 90:10 reward ratio between the Mining:Mixing to 50:50 for example. That way, only 50% of the darcoin economy as a whole is influenced by ASIC... that's interesting. Finding a place for ASICs to secure the network plus a decentralised array of nodes to keep miners engaged. to be successful while migrating to effectively PoS, there needs to be a way for small miners to get together to afford 1000DRK; and for non-techie miners to participate in setting up and maintaining nodes - nodes as a service. The reason ASICs piss people off is that coins begin their life by asking large numbers of small miners to help them, and ASICs takes over their hard work and leaves them behind. This would be a nice middle ground. +1 ... Like I said on litecontalk, LTC now seems like the ultimate pump&dump coin. First they pump up the network, then they dump all the miners. Charles Lee never intended for LTC to get this huge, he's said so on numerous occasions. He openly said he sold his wealth of LTC @ 0.2 because he thought it was overvalued  And works full time for Coinbase and consults for BTCChina, so he works for BTC !! One thing I do not agree though. Masternodes are not for miners, they're for investors with/& system admins. Pretty soon, no miner will b able to afford a Masternode. Only guys with LOTS of cash who are investors and understand PoS. |
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GhostPlayer
Legendary
Offline
Activity: 1092
Merit: 1000
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April 30, 2014, 09:22:01 AM |
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We are pleased to announce something that doesn't exist yet, will cost a fortune if it ever does, and can be instantly obsoleted by a five minute change to your favourite coins codebase! Please send us your $$$$$ !!!
Yes, please take my money immediately! And "...we and POINTING for Q3 2014..." So really... Q2 2015? |
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