I'm glad I just saw this thread. I get to hopefully reach some people. Though others have already said so, I'm going to tell you why
Darkcoin is extremely underrated.
Evan Duffield (eduffield), a full time dedicated developer for Darkcoin crated a coin that has so many new, useful features, they've already been copied in other coins. He has two people helping him directly that I know of, Internet Ape and LimLims.
Evan first wanted to create a coin with a smooth reduction in rewards, so he used a version of Moore's Law. It may not have worked out exactly the way he planned at first, but he quickly made adjustments and got it running smooth super quickly and has responded to issues so quickly, it's amazing.
First, a whale hit our coin, it drove the difficulty up really high, so Evan implemented KGW, but then there was a time warp issue discovered with KGW, so Evan whipped up a better difficulty algorithm that he called Dark Gravity Wave, which is super responsive to the difficulty swings are coin sees on a daily basis.
Next, a exploit was discovered in stratum, where people could set their difficulty to practically nothing, and send in useless shares, but get credit for them, thereby effectively stealing shares from all the miners in a pool. If you recall your pools fixing this, the solution came first from our Evan Duffield who quickly shared it with the rest of the community.
Another thing, Evan created this coin with a new set of algorithms. Like quark, he combined a long list of crypto algorithms to keep Asics at bay. He called it X-11 for the 11 algorithms he included.
But the
REAL reason for Darkcoin's existence is
DarkSend. Evan came up with a new implementation of CoinJoin to make transactions seamlessly anonymous from the wallet. It is an entirely decentralized solution to keep your finances private. We are currently on Beta v4, but he accidently called it Beta V5, LOL, he's like the absent minded professor.
We are almost there!
And what about the future? Evan is open to our suggestions, and users have come up with some fantastic ideas. Evan has already hinted that he 'solved' something he'd been working on, and that it's going to be a surprise. So we're all excited to learn what it is.
So What do YOU need to know?First, you may be interested to know that mining X-11 runs far cooler than script, up to 45%, possibly more, cooler. It also uses correspondingly less energy. With summer coming, it'll help your room stay cooler and the fans are way quieter!
Second, many of us believe that Darkcoin is very undervalued. In fact, the hash rate is quite high yet the price is still low. Why are people mining if it's so difficult? Because we all believe this coin is special and 1. want to support the network and 2. think it will ultimately bring in way more money in the near future. So it's a great time to buy Darkcoin, it's far from being too late to dive in! We've been holding steady at a low price for a long time now, and the price is just starting to creep up, but I've still bought darkcoin at a higher price than it is now, and I'm not worried.
Third, the hash rate of Darkcoin is 2.5 - 3 X that of script, and the difficulty is as well. So don't let the numbers freak you out too much, as it's different from script. You'll get higher numbers with X-11.
Finally, I really like the people on our thread, so I dare say you will too. They're a great bunch, and we have a lot of fun over there. I hope you'll come visit us and dig into the thread a bit to see what we're all about
https://bitcointalk.org/index.php?topic=421615.0
