anonymousxx1503
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 07:37:18 PM |
|
This is awesome, great work Evan.
|
I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014 https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
|
|
|
coins101
Legendary
Offline
Activity: 1456
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 07:41:57 PM |
|
HUGE WHALE JUST DUMPED 62,000 DARKCOIN.
DARKCOIN DUMP STARTING
![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FJ1jjVtM.jpg&t=665&c=DcNMfFEhK2WGiQ)
|
|
|
|
lohveh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 07:47:23 PM |
|
|
|
|
|
|
AMD FTW
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 317
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 07:52:18 PM |
|
DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.
So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on. •Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
Approximate reward based off difficulty So at a difficulty of 1 =reward 26 at difficulty of 1000 = reward is 13 at difficulty of 2500 (current difficulty) = reward is 7 at difficulty of 10000 = reward is 1
This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.
THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
|
|
|
|
lohveh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 07:54:57 PM |
|
DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.
So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on. •Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
Approximate reward based off difficulty So at a difficulty of 1 =reward 26 at difficulty of 1000 = reward is 13 at difficulty of 2500 (current difficulty) = reward is 7 at difficulty of 10000 = reward is 1
This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.
THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
Min reward is 5. Try again to fud.
|
|
|
|
camosoul
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 07:56:45 PM |
|
|
. .OROCOIN. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ |
|
|
|
camosoul
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 07:57:30 PM |
|
Min reward is 5. Try again to fud.
Am I incorrect in saying that the annual 7% reduction stacks against that 5, thus making it possible to go below 5?
|
. .OROCOIN. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ |
|
|
|
luigi1111
Legendary
Offline
Activity: 1105
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:02:07 PM |
|
Min reward is 5. Try again to fud.
Am I incorrect in saying that the annual 7% reduction stacks against that 5, thus making it possible to go below 5? I believe you are, and that next year the minimum will go down to 4.65.
|
|
|
|
AMD FTW
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 317
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:03:05 PM |
|
DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.
So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on. •Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
Approximate reward based off difficulty So at a difficulty of 1 =reward 26 at difficulty of 1000 = reward is 13 at difficulty of 2500 (current difficulty) = reward is 7 at difficulty of 10000 = reward is 1
This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.
THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
Min reward is 5. Try again to fud. EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORY
|
|
|
|
lohveh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:03:22 PM |
|
Min reward is 5. Try again to fud.
Am I incorrect in saying that the annual 7% reduction stacks against that 5, thus making it possible to go below 5? yup, still over *4.65 more than he said ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
|
|
|
lohveh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:04:45 PM |
|
DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.
So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on. •Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
Approximate reward based off difficulty So at a difficulty of 1 =reward 26 at difficulty of 1000 = reward is 13 at difficulty of 2500 (current difficulty) = reward is 7 at difficulty of 10000 = reward is 1
This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.
THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
Min reward is 5. Try again to fud. EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORYand then, why are you here ?
|
|
|
|
AMD FTW
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 317
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:08:13 PM |
|
DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.
So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on. •Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
Approximate reward based off difficulty So at a difficulty of 1 =reward 26 at difficulty of 1000 = reward is 13 at difficulty of 2500 (current difficulty) = reward is 7 at difficulty of 10000 = reward is 1
This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.
THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
Min reward is 5. Try again to fud. EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORYand then, why are you here ? As mentioned early looking to reallocate all my R9 290's. I believe a lot of people don't understand the SKEWED reward system. I'll be looking for another X11 coin or different algorithm with a better reward system. Having a horrid reward system and with increasing difficulty makes for a failed coin. I've been around long enough to see that clearly. This will be another doomed coin as more people wake up.
|
|
|
|
camosoul
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:10:08 PM |
|
This will be another doomed coin as more people wake up.
Translation: "I declare it failed because I can't money hose."
|
. .OROCOIN. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ | | █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ █ |
|
|
|
lohveh
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:10:26 PM |
|
DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.
So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on. •Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
Approximate reward based off difficulty So at a difficulty of 1 =reward 26 at difficulty of 1000 = reward is 13 at difficulty of 2500 (current difficulty) = reward is 7 at difficulty of 10000 = reward is 1
This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.
THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
Min reward is 5. Try again to fud. EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORYand then, why are you here ? As mentioned early looking to reallocate all my R9 290's. I believe a lot of people don't understand the SKEWED reward system. I'll be looking for another X11 coin or different algorithm with a better reward system. Having a horrid reward system and with increasing difficulty makes for a failed coin. I've been around long enough to see that clearly. This will be another doomed coin as more people wake up. That had been said for bitcoin, litecoin, dogecoin & more. I'll trust you ! @0%
|
|
|
|
splawik21
Legendary
Offline
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:14:10 PM |
|
"Hey, Jon from Moolah! « Sent to: salmion on: Today at 04:36:10 PM » « You have forwarded or responded to this message. » Hey there! I am head of sales for Moolah.io (Kevin told me to get in touch with you). Shoot me a PM on here or email me at jonathon@moolah.io and we can help get you set up with DRK on a merchant side of things! I tried replying to the thread by apparantely bitcointalk doesn't like me! Feel free to post this message/my contact info for anyone else interested in setting things up! Thanks! Jonathon Brust Moolah.io co-founder 224-523-2361" This is awsome info!
|
BE SMART, USE DASH ( ͡° ͜ʖ ͡°)
|
|
|
AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:15:18 PM |
|
There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
Eh? One can make more BTC or LTC mining DRK.
|
|
|
|
salmion
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:17:49 PM |
|
"Hey, Jon from Moolah! « Sent to: salmion on: Today at 04:36:10 PM » « You have forwarded or responded to this message. » Hey there! I am head of sales for Moolah.io (Kevin told me to get in touch with you). Shoot me a PM on here or email me at jonathon@moolah.io and we can help get you set up with DRK on a merchant side of things! I tried replying to the thread by apparantely bitcointalk doesn't like me! Feel free to post this message/my contact info for anyone else interested in setting things up! Thanks! Jonathon Brust Moolah.io co-founder 224-523-2361" This is awsome info! There's more! From Moolah:"I will reach out to them then! We actually DO have a point of sale for use in physical retail locations! It is called Mooterm.io and is a full stack POS that is linked to the Moolah merchant account of a user. That terminal does accept DRK. One recommendation (for anyone else you refer our services to) I would make is to wait until Tuesday to set up a Moolah account. We are releasing a much improved version 2 on Monday. Thanks again! Jonathon"
|
|
|
|
AMD FTW
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 317
Merit: 250
GET IN - Smart Ticket Protocol - Live in market!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:18:44 PM |
|
DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.
So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on. •Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)
Approximate reward based off difficulty So at a difficulty of 1 =reward 26 at difficulty of 1000 = reward is 13 at difficulty of 2500 (current difficulty) = reward is 7 at difficulty of 10000 = reward is 1
This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.
THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.
Min reward is 5. Try again to fud. EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORYand then, why are you here ? As mentioned early looking to reallocate all my R9 290's. I believe a lot of people don't understand the SKEWED reward system. I'll be looking for another X11 coin or different algorithm with a better reward system. Having a horrid reward system and with increasing difficulty makes for a failed coin. I've been around long enough to see that clearly. This will be another doomed coin as more people wake up. That had been said for bitcoin, litecoin, dogecoin & more. I'll trust you ! @0% Last time I checked, Litecoin is still at a block reward of 50 LTC per block. Sure difficulty has gone up and where I use to make almost 3500 LTC a day 2 years ago, today I make significantly less. So yeah, I've been around a while and have hardware to back it. BTC was just halved end of 2012 and that was what 3 years of mining with the same reward. Dogecoin I have my own opinion on why it will fail, but this isn't important in this thread.
|
|
|
|
AlexGR
Legendary
Offline
Activity: 1708
Merit: 1049
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 17, 2014, 08:19:53 PM |
|
Since the coin goes through many development cycles, and as we are now going into adoption phase with merchants and stuff, we'll need to make sure everyone has the latest wallet installed so that messages like "I sent money from my wallet but they are not there" (people missed the hard fork). We may need a small window in the QT client to say to the user either that he has to upgrade (optional) or that he must upgrade (if he is in the wrong fork or something). It's not realistic to expect everyone is over the thread waiting for the next update.
|
|
|
|
|