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

[TanteStefana2]

still lost and not understanding....

Masternodes perform a service.  They are expensive so as to keep any one entity from gaining control of the network as a whole.  To purchase  a majority of the masternodes alone would drive the price up so as to be undoable.  Even so, with layers of mixing, the more layers you mix your transaction, the harder it is for any masternode entity (IE NSA) to know the information, such as IP addresses and where / how the coins were mixed.  So you would need way more than 50% of the masternodes to hope to follow the money.

So because Masternodes perform a SERVICE and masternodes COST A LOT to buy and run, we need INCENTIVES to get people to run them, hence the sharing of the mining rewards.

Why do Masternodes end up increasing the value of the coin?  Because they take coins out of circulation.  Basic supply and demand.

Because of the way mining rewards are calculated, if people stop mining Darkcoin because the rewards are too low, then the rewards start to rise as the difficulty drops.  So, on both the Miner's side and the Masternode's side, there are rewards to gain participants and costs to there being too many participants.  In the end, we should achieve a healthy balance of both.

Does the whole world need to mine dark for it to be decentralized and healthy?  NO of course not!  And we don't want every coin tied up in Masternodes either.  They are supposed to provide a service.  Right now, we're a bunch of investors and workers, maintaining a system, but that system, when fully functional, will have real value when the public start to use it's service.  They won't care how much the coins are worth, they will just want a cheap, private, safe way to transfer their money from one place to another.  THAT is what the whole point of having crypto currency is.

The rest is just to get people on board to maintain the network.  That's our only purpose and one day, we will not mean very much, we'll just be running our nodes, mining and Master, without thinking much about them, and all the focus of the world will be on the collapse of the banking industry and govpaper

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[gekos]

Why not have all that built into the wallet?

[darkota]

Masternode is a useless, and very by idea; And harms the stability of the coin...

To be completely honest, Masternodes are an genius idea.. Bitcoin itself is lacking in the # of nodes to help maintain the network, since theres no will on part of people to make nodes, since they get nothing in return from doing so for Bitcoin..

Maybe one day they can even replace Mining itself, where coins are distributed to those who buy Masternodes, or sections of masternodes etc, something like that(similar to those who buy GPU/ASIC/CPU's to mine).


I compliment where I compliments need to be given.

Masternode  is just a bad POS implementation, scamming the POW miners.

Again, truthfully, what you've just said doesn't make Any sense. Masternodes actually help PoW miners. It takes coins out of circulation driving the price up, making it profitable to mine..

Trolling stupidly is just stupid. I sometimes troll myself, but at least I troll the truth, not make up lies.

The value of the block is not lowered, a high percent value is just transfer elsewhere. A good cryptocurrency has to work by itself, with only one wallet active on the internet and the required POW.

Your views are distorted. I am not a Darkcoin fanboy

But there is no such thing as a "good" cryptocurrency, Bitcoin itself faces many issues like getting 51% attacked, lack of nodes, etc etc.

Who are You, to possibly say what a good cryptocurrency is? For All we know, Darkcoin's Masternode system might be the future of cryptocurrencies, with all new currencies starting off with the Masternode feature already enabled...and this one wallet active on the internet and the required POW doesn't make any sense, and I have no idea what you're referring to/trying to say.

You sound seem very lost....very lost indeed.

[eduffield]

Tell blackpool they need to update their pool software:

For Stratum Pools:

https://github.com/darkcoinproject/darkcoin-stratum

They'll have to update before the next fork, otherwise all their blocks will get rejected (even if they have the new wallet).

How's that Evan? 

The pool's mining software uses getblocktemplate and asks the client who to pay, how much, what transactions are in the block etc. Then, when the block is solved, it compiles the block in a binary form then submits it to the client. So unless the pool's software understands what "payee" means in getblocktemplate, it's not going to pay a masternode.

[Ozziecoin]

Why not have all that built into the wallet?

The MN IS a wallet. One with 1000 drks in it.

[ddink7]

Why not have all that built into the wallet?

The MN IS a wallet. One with 1000 drks in it.

Well, it represents a wallet anyway.

[Ozziecoin]

Why not have all that built into the wallet?

The MN IS a wallet. One with 1000 drks in it.

Well, it represents a wallet anyway.

The MN is built using the wallet daemon. It IS actually the wallet with added features. 

[ddink7]

Why not have all that built into the wallet?

The MN IS a wallet. One with 1000 drks in it.

Well, it represents a wallet anyway.

The MN is built using the wallet daemon. It IS actually the wallet with added features. 

Ah yes I get your point!

[thelonecrouton]

Why not have all that built into the wallet?

It is all built into the wallet. Which is why you can, you know, do it with the wallet... !

[gekos]

I suppose I meant to make it more user friendly. 

[AlexGR]

Masternode  is just a bad POS implementation, scamming the POW miners.

Contemplate this:

Miner mines 100 DRK
Miner buys 10% of a node
Miner then gets new DRKs through proof-of-service

Yeah, he's very "scammed" that his mined DRKs can now give him continuous revenue.

[Ozziecoin]

I suppose I meant to make it more user friendly.  

I'm sure someone can make a QT version in future. It's a very minor issue. There are plenty of guides on setup. If you can't be bothered, PM me or ghostplayer. I charge 10 drks.

[gekos]

Will do - got to get a few more DRK to get my 1k
Really appreciate what you folks are doing here in helping everyone.
Good to see that kind of stuff in this forum.  Even the wealthy know giving has its returns

[Lebubar]

Hi,

May be the question was already ask, so sorry about it.

I was looking the exelent http://drk.poolhash.org/masternode.html of the president.

And I want to know what the means of having "-" in the column Balance? Instead of 100x (or some other 0)
Only the last of mine have this and I just set it up few minutes ago.
Maybe because it's new and fresh one?

[crackfoo]

Earn your own DRK coins by mining at the multipool. Not only that, you can earn DRK using your old ASIC hardware on SHA256 and SCRYPT coins!

DarkCoin by xpool - DRK Multipool

 

http://www.xpool.ca

PROP reward system

DRK Payouts

Scrypt & SHA256 & X11 Algo's

DDoS Protected

High Performance Backend

Simple setup and usage

0% Fees while in BETA

To mine:

http://www.xpool.ca/get_started

How does it work?

xpool offers 3 different sets of coins to mine. SHA256, Scrypt and X11. Each algorithm runs on a shift. Currently there is no set interval as there needs to be enough found and confirmed blocks to make trading worthwhile on the exchanges. We don't want to finish a shift only to find out, the exchanges are going to eat up the payout in fees or limit the withdraw with a large minimum. The confirmed coins are traded throughout the duration of the shift automatically to maximize the profits from exchanging them into DRK. Once enough confirmed blocked are accumulated, the shift is moved into "Trading" status while all the exchanged coins are calculated into DRK and then queued for payment. Once all the coins are confirmed as successfully traded and exchanged, the DRK payments are sent.

As the pool picks up more hashing speed and sufficient DRK can be picked up from the exchanges, the shifts will be set to a schedule and payouts more frequent and less worry about the exchanges. This is a growing phase so the more hash support the better.
If a DRK block is found, there's no exchanging or loss of fees as it can simply be moved into the X11 payout queue.

The advantage of the pool is that you can utilize your older ASIC equipment to earn you the more desired DarkCoin.

Cheers and Happy Hashing!

Donations welcome!

!

Just sent out 7.1814 DRK for the latest SHA256 shift! Put your old hardware to use and earn some DRK!

Cheers!

[thelonecrouton]

Hi,

May be the question was already ask, so sorry about it.

I was looking the exelent http://drk.poolhash.org/masternode.html of the president.

And I want to know what the means of having "-" in the column Balance? Instead of 100x (or some other 0)
Only the last of mine have this and I just set it up few minutes ago.
Maybe because it's new and fresh one?

chaeplin's script only updates the balances every 3hrs I think. You can see it in the blockchaain explorer though. (Links just to the right of the address) - the extra 0.1 of our joint MN was just a test amount I sent first.

Thanks partner, we'll talk about keeping it up in a month...

[Ignition75]

Cheeky Bastards 

[splawik21]

Where are these days when with 9MHs you got 8-10drk/day uhhh

[splawik21]

Ignition easy.... Know this pain. Should have 47drk till today got only 15drk... The rest are the bad actors.... Their time is counted!

[bitsurfer2014]

Something for the Newbies
or
Anybody that cares to read....

------------------------------------
- A How-To..., with the -QT Wallet - PART ONE
------------------------------------

WINDOWS
    -(at time of print)-
DRK -Qt Ver. 0.09.11.05 (without DarkSend (DRKs))
DRK -Qt Ver. 0.10.11.05 (with DarkSend (DRKs)) <--Prefered
-------------------------------

DOWNLOAD YOUR DARKCOIN WALLET FROM HERE: http://www.darkcoin.io/getstarted.html

--------------
1) DRK -Qt Wallet 101
--------------

WELCOME TO DARKCOIN (DRK)
- PLEASE OPEN YOUR DarkCoin -Qt WALLET
-------------------------------------------------


1.1) WALLET ENCRYPTION
---------------------
    The first thing you'll want to do is ENCRYPT your -Qt Wallet.

CLICK: Settings
CLICK: Encrypt Wallet

Set a STRONG PSW ie,: f4k3-P5w-f4c3-B00k5-fukm3-P53
Use anything you like.......this PSW is fake of course

-Qt Wallet will shut-down


- PLEASE OPEN YOUR DRK -Qt WALLET
--------------------------------------------


1.2) LOCK YOUR -Qt WALLET
------------------------
    The DRK -Qt Wallet comes: UNLOCKED
-(highly recommended that you LOCK your -Qt Wallet)-

CLICK: Help
CLICK: Debug Window
CLICK: Console

-*This is where you will execute all command-line(s)*-


Input the following command-line:   walletlock

-Your -Qt Wallet is now LOCKED-
-------------------------------------


1.3) UN-LOCK YOUR -Qt WALLET
--------------------------
CLICK: Help
CLICK: Debug Window
CLICK: Console

Input the following command-line: walletpassphrase <PSW> 9999999 true
<replace <PSW> with the Hard-PSW you created to Encrypt DRK-Qt Wallet>

-Your -Qt Wallet is now ENCRYPTED AND UN-LOCKED-
(mostly used for Proof-of-Stake (PoS))
--------------------------------------



-----------------------------------
2) How to.... My %appdata%
-----------------------------------


2.1) CREATE <darkcoin.conf> FILE
---------------------------------


!!! ALWAYS !!! - CLOSE YOUR -Qt Wallet


From Windows Desktop.....

CLICK: START
TYPE: %appdata% (in the Search programs and files) <ENTER>

- Appdata directory should be open now.
- Navigate to darkcoin directory - CLICK

Create NEW TEXT Document.

COPY AND PASTE the following:


rpcuser=<any_user_name>
rpcpassword=<any_hard-PSW>
rpcallowip=*
rpcconnect=*
DNSSEED=1
testnet=0
rpcport=9999
addnode=54.186.169.204:9999
addnode=218.173.65.159:9999
addnode=87.121.52.39:9999
addnode=2.102.39.25:9999
addnode=54.88.143.232:9999
addnode=91.51.58.49:9999
addnode=188.226.252.28:9999
addnode=5.144.69.107:9999
addnode=23.23.186.131:9999
addnode=50.16.206.102:9999
addnode=50.19.116.123:9999
addnode=98.165.130.67:9999
addnode=54.242.50.205:9999
addnode=50.17.98.53:9999
daemon=1
server=1
listen=1
maxconnections=50


SAVE THIS FILE AS A .CONF FILE AND NOT A TEXT FILE: <darkcoin.conf>
- Save in: <\\appdata\darkcoin directory>

Note: Over time, addnode(s) may need to be altered.



YOU CAN NOW, OPEN YOUR DRK -Qt WALLET
--------------------------------------------------


2.2)  -CREAT NEW/EMPTY WALLET <wallet.dat> FILE
        AND MOVE BETWEEN <wallet.dat> FILES
-----------------------------------------------


!!! ALWAYS !!! - CLOSE YOUR -Qt Wallet


From Windows Desktop.....

CLICK: START
TYPE: %appdata% (in the Search programs and files) <ENTER>

- Appdata directory should be open now.
- Navigate to darkcoin directory - CLICK

FIND: wallet.dat

******************************
!!!   THIS IS YOUR -Qt WALLET FILE   !!!
!!! IF YOU EVER DELETE IT OR LOSE IT !!!
!!!    YOU LOSE ALL OF YOUR COINS    !!!
*******************************

But, YOU CAN RENAME THIS FILE <wallet.dat> to: <somethingelse.dat>
 - - and YOU WILL NOT LOSE ANY COINS !!

Now, OPEN your DRK -Qt Wallet,
 - - You will see that all coins and transaction are no longer present.

- YOU HAVE NOW CREATED A NEW <wallet.dat> FILE
-----------------------------------------------


2.2.1 - Anytime you wish to view, any <wallet.dat> file
-------------------------------------------------------
      !!! ALWAYS !!! - CLOSE YOUR -Qt Wallet

-- just rename the current <wallet.dat> to <somethingelse.dat>.
-- and then you can rename: <somethingelse.dat> back to <wallet.dat>

- YOU CAN NOW MOVE FROM <wallet.dat> FILE TO ANOTHER.

--Remember to rename your <wallet.dat> file first to: <somethingelse.dat> then,
--rename the needed <somethingelse.dat> to <wallet.dat>
--always follow this order.
--Never the other way around.
-----------------------------------------------------


2.2.2 - Create as many <wallat.dat> files as you want
-----------------------------------------------------
     !!! ALWAYS !!! - CLOSE YOUR -Qt Wallet

 - - Change the <wallet.dat> to: <somethingelse.dat>

OPEN THE DRK -Qt Wallet

 - - - Create another <wallet.dat>

CLOSE/EXIT the DRK -Qt Wallet
                               .......repeat

--Remember to rename your <wallet.dat> file first to: <somethingelse.dat> then,
--Create a NEW <wallet.dat> file.


! - - BACK-UP YOUR -Qt Wallet FILE(S) OFTEN - - !
---------------------------------------------------------



2.3) CONNECTIVITY ISSUES AND
       DELETING FILES IN %appdata%
------------------------------------------

FIND: wallet.dat

******************************
!!!   THIS IS YOUR -Qt WALLET FILE   !!!
!!! IF YOU EVER DELETE IT OR LOSE IT !!!
!!!    YOU LOSE ALL OF YOUR COINS    !!!
*******************************
BACK IT UP AND/OR MOVE IT OUT OF THIS DIRECTORY
--------------------------------------------------------------

If you are having connective issues with DRK-Qt Wallet
You can delete files in %appdata%darkcoin
These file will be re-created the next time you run DRK-Qt Wallet

Do the following, one at a time, until your -Qt Wallet syncs
Opening and exiting the -Qt Wallet after each step
Allow enough time for -Qt Wallet to sync (could take 10-20 min's) after each attempt
If the -Qt Wallet does not sync, move to next step.


Before preceding, check your internet connection.
--------------------------------------------------------

1-Verify that you have to most up-to-date DRK -Qt Wallet
- If not download from: http://www.darkcoin.io/getstarted.html

2-Verify that you have the up-dated addnodes for your <darkcoin.conf> file.

Your connectivity issue should be fixed after step (2) or (3)
If issues persist, be very careful in proceeding thru the steps

3- Delete: <peers.dat>

4- Delete: <darkcoin.conf> and <peers.dat>

5-  Re-build a new <darkcoin.conf> with new/up-dated addnodes AND -  Delete: <peers.dat>

6- Delete: Everything in the %appdata%darkcoin EXCEPT FOR: new <darkcoin.conf> and <wallet.dat> or any-other wallet files
- This will force you to re-install the entire BlockChain

If you get past Step (6) and your still not connected, seek alternative assistance.
-------------------------------------------------------------------------------------------



--------------------
3) -HOW TO SOLO-MINE
--------------------

Most people will tell you that Solo-Mining is point-less.
To a point, I agree.....

I think of it from time to time, how much of a lost art it really is.
Pushed to the side and never talked about really.

But if everybody would turn ON their -Qt Wallet to Solo-Mine,
   our Network would maintain a minimal Hash-rate, constantly.


- Be sure that you have created the above <darkcoin.conf> file
----------------------------------
- OPEN your DarkCoin -Qt Wallet before mining
----------------------------------
-Qt Wallet will not start mining until you run a, Command-line
----------------------------------
Transactions will appear in the Overview window.
When you find a Block Solo-Mining, it will appear as an incoming transaction.
You'll see a really cool Mining Icon (X)
-------------------------------------------


3.1) (CPU) (local) -Qt Wallet
----------------------------------
If you want the quick and easy answer to CPU Solo-Mining,

CLICK: Help
CLICK: Debug Window
CLICK: Console

Input the following command-line: setgenerate true -1

-And now your Solo-Mining-
-------------------------------


3.1.1) More details........
---------------------------------
To START mining:  setgenerate true -1

To STOP mining:  setgenerate false

Proof of/if mining:  getgenerate
(TRUE = ON   FALSE = OFF)

Shows a lot of mining info:  getmininginfo
-----------------------------------------------


3.2) (GPU) (local) -Qt Wallet
----------------------------------
You'll need to alter your favorite mining software...

- Command-line and/or your GUI Miner to represent Solo-Mining


Instead of listing a Pool when GPU Mining,
-Replace the Pool with: localhost or 127.0.0.1 or 0.0.0.0
-Port: 9999
-Username:<match your .conf file rcpuser>
-PSW:<match your .conf file rcppassword>

--Then leave all other settings that work for you, as they are.


- YOU SHOULD BE SOLO-MIING WITH YOUR GPUs NOW -


NOTE: You can solo-mine with both CPU and GPU at the same time.
---------------------------------------------------------------



3.3) (CPU) and (GPU) (remote) -Qt Wallet
----------------------------------------
You'll need to alter your favorite mining software...

- Command-line and/or your GUI Miner to represent, Remote Solo-Mining


Instead of listing a Pool when Remote Mining,
-Replace the Pool with:<the IP address of your remote DRK -QT Wallet> <what.ever.yours.is>
-Port: 9999
-Username:<match your .conf file rcpuser>
-PSW:<match your .conf file rcppassword>

--Then leave all other settings that work for you, as they are.


- YOU SHOULD BE REMOTE SOLO-MIING WITH YOUR CPU and/or GPUs NOW -


NOTE: To find the IP address of a local machine:
 - OPEN/RUN: CMD.exe
 - At the command promt TYPE: <ipconfig /all>
 - You will find you local machine IP here.
-------------------------------------------


----------------------
3.4) CONTROLLING THE CPU
----------------------


3.4.1) CPU Afinity 1.0
-----------------------

Type this Command-Line to Mine all CPU cores:  setgenerate true -1


If you want to use a specific number of CPU cores,
Or, if you experience lag - use this Command-Line or a variance....

     instead of -1, remove the (-) symbol and type number of core(s):  setgenerate true 4
(if you have an 8 core CPU, this will generally use 0-3, or 50% of CPU cores)

NOTE: Helps for lag issues
-------------------------------------------------------------------------------



3.4.2) CPU Afinity 2.0
-----------------------
You can also use the Task-Manager to set CPU Afinity

OPEN: Task-Manager
CLICK: Processes (tab)
LOCATE: darkcoin-qt.exe*32
RIGHT-CLICK: darkcoin-qt.exe*32
Small Menu pops up.

CLICK: Set Afinity
CLICK: Check-mark the CPU core(s) you wish to use
CLICK: OK


DarkCoin -Qt Wallet will only use the CPU core(s) you have assigned
-------------------------------------------------------------------



3.4.3) CPU Afinity 3.0
--------------------
With CPU Afinity, you use a combination of both forms.

100%
Console Command-Line to use all CPU cores:  setgenerate true -1
Leave the Task-Manager as it is.

50% with 6 CPU cores
Console Command-Line to use (3) CPU cores:  setgenerate true 3
Leave the Task-Manager as it is, or
OPEN: Task-Manager and assign (3) of the (6) cores to be used by -Qt Wallet.

I'm sure you can be very creative with CPU Afinity 3.0
------------------------------------------------------



3.4.4) CPU - SET PRIORITY
-----------------------
When setting the Priority of the CPU,
-Remember to set all -Qt Wallets the same or,
--The -Qt Wallet with the highest priority will dominate the CPU usage.
-Only set CPU Priority: LOW to HIGH - never use realtime

OPEN: Task-Manager
CLICK: Processes (tab)
LOCATE: darkcoin-qt.exe*32
RIGHT-CLICK: darkcoin-qt.exe*32
Small Menu pops up.

CLICK: Set Priority
-Remember to set all -Qt Wallets the same: LOW to HIGH - never use realtime
--The -Qt Wallet with the highest priority will dominate the CPU usage.


NOTE: CPU Priority can also assist with lag issues


--------------------------------------------------
BEWARE - Do not forget your Encryption PSW

BEWARE - Do not delete your wallet.dat file

***AND BACK-UP wallet.dat FILE OFTEN***
---------------------------------------------------
If this has helped you in any way...
...donations accepted but not required.



-------------------------------------------------
STEP OUT OF THE LITE AND INTO THE DRK
-------------------------------------------------

Nice guide. Very informative for newbies like me;)

D4RK: XnAMHYWqbiNP9iUD2VXJS96pfaewsa5fZ2