[ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65%

[cryptonit]

question: if we could code a way  where mining rewards at dmd multipool will be converted into dmd cloudmining shares instead if dmd payouts. are there people who would use that payout option? we dont wana code something if noone gona use it. until yet i had 1 miner requesting thst new feature are there more who want this?

Cryptonit - that sounds interesting but I would want the choice available.  Maybe if it was a switch or something that I could turn on or off?

we have a no login website (wallet without pw) so only stats visible but u cant set anything
what i think could be possible is that u get a second btc address for mining and deepending on address it creates shares or dmd but have to crosscheck that with multipool dev

[polanskiman]

I think I will soon stop mining at the multipool. In fact stop mining for good. Rewards are getting thiner and thiner every day and ccminer is unable to mine script coins which are the most profitable lately.

[pokeytex]

question: if we could code a way  where mining rewards at dmd multipool will be converted into dmd cloudmining shares instead if dmd payouts. are there people who would use that payout option? we dont wana code something if noone gona use it. until yet i had 1 miner requesting thst new feature are there more who want this?

Cryptonit - that sounds interesting but I would want the choice available.  Maybe if it was a switch or something that I could turn on or off?

we have a no login website (wallet without pw) so only stats visible but u cant set anything
what i think could be possible is that u get a second btc address for mining and deepending on address it creates shares or dmd but have to crosscheck that with multipool dev

Ah that sounds better - I like having the choice.  Thanks.

[shveicar]

question: if we could code a way  where mining rewards at dmd multipool will be converted into dmd cloudmining shares instead if dmd payouts. are there people who would use that payout option? we dont wana code something if noone gona use it. until yet i had 1 miner requesting thst new feature are there more who want this?

I would be glad of such a possibility. Current Situation of Mining very depressing.

[echo00114]

hello

anybody knows what happen the http://dmdpool.digsys.bg/

almost 2 days  write   We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP.
                                Blockupdate disabled, blocks and transactions confirmations are delayed

thanks

[echo00114]

hello

some problem my stake


my wallet write

minting
your weight 1588
network weight is 958451
expected time to earn reward is 4 days


and the problem 3 days later no refreshing minting info .
my oldest coin is 2014.10.24 recieved my wallet

what the problem
my conf :
listen=0
noirc=1
connect=193.68.21.19
connect=54.191.208.14
connect=54.255.133.30
connect=54.86.164.216
bantime=600

thx

[pokeytex]

hello

anybody knows what happen the http://dmdpool.digsys.bg/

almost 2 days  write   We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP.
                                Blockupdate disabled, blocks and transactions confirmations are delayed

thanks

I am sure Danbi is busy with real life.  You are still mining it is just the stats and payouts have stopped.  He is fast to fix it when he gets back online.

[DMDCreeper]

hello

anybody knows what happen the http://dmdpool.digsys.bg/

almost 2 days  write   We are investingating issues in the backend. Your shares and hashrate are safe and we will fix things ASAP.
                                Blockupdate disabled, blocks and transactions confirmations are delayed

thanks

ditto.  An update on the problem and solution are in order IMO.

[LTCMAXMYR]

 
got 2 new minted blocks, but orphaned,
total 4 minted blocks, and 2 minted bloks orphaned


mine and mint in a wallet,and the same time ,
the mined blocks orphaned below 1/1000,but minted blocks orphaned 1/2

i don't know why.

Status: 0/unconfirmed
Date: 2014/11/16 08:05
Debit: 0.00 DMD
Net amount: -516.00 DMD
Transaction ID: 5e6a85731de67e3dbc518a34665a143390b5a79816324d4f6e18d8973fbb9a89

Status: 0/unconfirmed
Date: 2014/11/12 19:48
Debit: 0.00 DMD
Net amount: -345.00 DMD
Transaction ID: 9321a544ced3a3f2f465339d6ab0742d7a27f3dba2678016cceaedec84c94ac3

[cryptonit]

hello

some problem my stake


my wallet write

minting
your weight 1588
network weight is 958451
expected time to earn reward is 4 days


and the problem 3 days later no refreshing minting info .
my oldest coin is 2014.10.24 recieved my wallet

what the problem
my conf :
listen=0
noirc=1
connect=193.68.21.19
connect=54.191.208.14
connect=54.255.133.30
connect=54.86.164.216
bantime=600

thx

ur coins are below 30 days old there the minting of small coin pile have very much luck involved
if u only plan have wallet open 2 days a month for minting wait until coins over 30 days age

if u mint 24/7 dont worry minting will happen

the crystal globe expected time to mint we display is no way a indicator u will mint in that timeframe
it just give ya a small idea about the region
ur minting will happen most likely

u can /10 *10 the value to have a more realistic view

so a 4 days displayed is more like between 1 and 40 days

also it does only refresh in unregular intervals.

i see most time estimated time to mint 1 hour and i mint like 2-10 times a day and not 24 times like a 1 hour estimate would make me expect

i think we will leave the weight u and network displayed but remove that estimated time when it create so much confusion

there is so much variables no one can calculate a expected time why we should display one

[cryptonit]

another factor that lead to orphaned minting blocks is have a wallet without password protection

when u start a wallet without password protection its always unlocked for minting

if u start such a wallet and it is not full sync it try sometimes to mint even if not sync and that lead to guaranteed orphan attempts

better have a password protection and only unlock for minting when wallet is fully synced

edit:

lot people say their coin are 7 days old why they dont mint

POS from 7-30 days coin age only work for big coin pile
(small pile only very rare success here) and it cut the coin pile into 2 smaller pile.
so wait until ur coin age is above 30 days. then also medium sized coin pile will success in POS
and small coin pile will use group stake mechanism and try together (max 100 dmd) to mint and merge them into a single coin pile (max 100 DMD)

POS explained here:
http://bit.diamonds/community/index.php/topic,46.msg376.html#msg376

[cryptonit]

http://multipool.bit.diamonds/
cloud@bit.diamonds


INVEST ONCE -> EARN EACH DAY!

no power cost
no maintenance
no heat
no noise
nothing beside payouts

http://multipool.bit.diamonds/
email cloud@bit.diamonds for more infos





What's the best way to invest into DMD?
In my opinion you should split your investment into the following:
By buying 50% DMD direct and 50% into DMD Cloudmining
This way you can maximize your profit and stabilize the coin.
http://multipool.bit.diamonds/
cloud@bit.diamonds

Also by providing your referrer wallet address we can make sure both the investor and referrer both get bonus shares.

Got no referrer still want the bonus shares? Ask for a referrer here someone sure willing help ya get bonus shares.

[pokeytex]

It appears Danbi's pool has officially gone down.  Cryptonit do you know if he is away?

Edit - Ok don't listen to me - Stratum was crashed before - but now seems to be working again.

[popshot]

I have just returned from two day forum that took place in Riga. It was broadly about electronic money with some accents on crypto currencies.
It was actually very good with majority of audience and speakers being CEOs of mainstream companies like Visa and MasterCard Europe, yandex.money, Neteller,  (former) Head of Bitcoin Foundation, lawyers etc. It basically covered the full spectrum of the topic and has been a fantastic platform for networking.
However, I’m a little surprised that the technologies based on Bitcoin protocol haven’t been more endorsed by the mainstream players. It wasn’t a question of technological inability to do so, but rather lack of trust. It made me realised how small and insignificant bitcoin really is when comparing to other means of payments. Heads of financial services were very disapproving of this technology, which reminded me of Kodak which dismissed the idea of digital camera which later on proved to be the thing that killed their business.  
What one could really learn from this conference was that there is a wave of new laws designed to make bitcoin less barbaric. I’ve spoken with leaders in their respective fields and they are really keen on accepting bitcoin and altcoins but lack of regulation simply prevents them from doing it.
Another thing that one could learn is that even the hard-core sceptics could not dismiss that the strength of bitcoin is based on its sheer size of a hashing power and the utility that it serves.  It was great to talk to Jon Matonis and the head of Gigahash, this gave me great insight into things to come. At the same time showed how long road Diamond has to travel before becoming a real success.
The whole event left me with the sense of urgency that in order to move forward Diamond has to be bold in its actions, progressive and if necessary abandon some of the ideas it thought were right, for the sake of the greater good. In order to make any impact on anything we need to get to the top area of the market capitalisation list. We need to involve more people in the production of Diamond’s success, but we would not compromise on the general plan that has been set in stone a long time ago. All we need to do (this sounds like ‘just’ but hell it’s not) is to change our way of thinking, change our methods and create a community of creative people who will make all the difference. We are already heavily analysing possible outcomes  and to be honest with you, there will be changes and there is no way around it if we don’t want to stay just some small scale project on the peripheries of the altcoin scene – and the scene itself might not have much time left anyway.  

[cryptonit]

i see a wall of text and can just read

Diamond Evolution V3 

[DMDCreeper]

I have just returned from two day forum that took place in Riga. It was broadly about electronic money with some accents on crypto currencies.
It was actually very good with majority of audience and speakers being CEOs of mainstream companies like Visa and MasterCard Europe, yandex.money, Neteller,  (former) Head of Bitcoin Foundation, lawyers etc. It basically covered the full spectrum of the topic and has been a fantastic platform for networking.
However, I’m a little surprised that the technologies based on Bitcoin protocol haven’t been more endorsed by the mainstream players. It wasn’t a question of technological inability to do so, but rather lack of trust. It made me realised how small and insignificant bitcoin really is when comparing to other means of payments. Heads of financial services were very disapproving of this technology, which reminded me of Kodak which dismissed the idea of digital camera which later on proved to be the thing that killed their business.  
What one could really learn from this conference was that there is a wave of new laws designed to make bitcoin less barbaric. I’ve spoken with leaders in their respective fields and they are really keen on accepting bitcoin and altcoins but lack of regulation simply prevents them from doing it.
Another thing that one could learn is that even the hard-core sceptics could not dismiss that the strength of bitcoin is based on its sheer size of a hashing power and the utility that it serves.  It was great to talk to Jon Matonis and the head of Gigahash, this gave me great insight into things to come. At the same time showed how long road Diamond has to travel before becoming a real success.
The whole event left me with the sense of urgency that in order to move forward Diamond has to be bold in its actions, progressive and if necessary abandon some of the ideas it thought were right, for the sake of the greater good. In order to make any impact on anything we need to get to the top area of the market capitalisation list. We need to involve more people in the production of Diamond’s success, but we would not compromise on the general plan that has been set in stone a long time ago. All we need to do (this sounds like ‘just’ but hell it’s not) is to change our way of thinking, change our methods and create a community of creative people who will make all the difference. We are already heavily analysing possible outcomes  and to be honest with you, there will be changes and there is no way around it if we don’t want to stay just some small scale project on the peripheries of the altcoin scene – and the scene itself might not have much time left anyway.  

I have commented many times before in the forums of other coins, and maybe this one too, that these crypto currencies will never make it to the mainstream given the way they operate today.  Having worked in banking for many years I know what I am talking about.  That's not to say there isn't a niche to fill, obviously there is.  The question is do any of today's currencies fill it?  I think Bitcoin comes the closest but there are some very significant issues with crypto currencies that must be overcome before anyone would be willing to base a system of trade on them.  I get that these currencies want to by anonymous and decentralized.  But the problem is a successfull currency has to be backed by a trustworthy source - someone who ensure the currency does not lose all of its value overnight.  Who is that trustworthy source with cryptos?  Mining pools are run by guys who have other jobs.  When things go wrong there is no requirement to respond.  If a bank has a failure it must recover in a time frame regulated by a government agency.  So who overseas these coins?  Most crypto coins are run by very informal organizations of "volunteers".  That sounds nice but how much risk are you willing to take on an operation like that?  A vendor who takes bitcoins in exchange for merchandise he pays for in dollars want to know that his bitcoins will not drop 50% in value overnight. 

I don't pretend to have all the answers, but I can identify some real issues that put the long term viability of all crypto coins at risk.  Banks will never back crypto coins in a serious way.  Banks know all too well what kinds of controls they must have in place to protect their deposits and no cryptocoin comes anywhere near what is necessary for banks to approve.

[popshot]

I have just returned from two day forum that took place in Riga. It was broadly about electronic money with some accents on crypto currencies.
It was actually very good with majority of audience and speakers being CEOs of mainstream companies like Visa and MasterCard Europe, yandex.money, Neteller,  (former) Head of Bitcoin Foundation, lawyers etc. It basically covered the full spectrum of the topic and has been a fantastic platform for networking.
However, I’m a little surprised that the technologies based on Bitcoin protocol haven’t been more endorsed by the mainstream players. It wasn’t a question of technological inability to do so, but rather lack of trust. It made me realised how small and insignificant bitcoin really is when comparing to other means of payments. Heads of financial services were very disapproving of this technology, which reminded me of Kodak which dismissed the idea of digital camera which later on proved to be the thing that killed their business.  
What one could really learn from this conference was that there is a wave of new laws designed to make bitcoin less barbaric. I’ve spoken with leaders in their respective fields and they are really keen on accepting bitcoin and altcoins but lack of regulation simply prevents them from doing it.
Another thing that one could learn is that even the hard-core sceptics could not dismiss that the strength of bitcoin is based on its sheer size of a hashing power and the utility that it serves.  It was great to talk to Jon Matonis and the head of Gigahash, this gave me great insight into things to come. At the same time showed how long road Diamond has to travel before becoming a real success.
The whole event left me with the sense of urgency that in order to move forward Diamond has to be bold in its actions, progressive and if necessary abandon some of the ideas it thought were right, for the sake of the greater good. In order to make any impact on anything we need to get to the top area of the market capitalisation list. We need to involve more people in the production of Diamond’s success, but we would not compromise on the general plan that has been set in stone a long time ago. All we need to do (this sounds like ‘just’ but hell it’s not) is to change our way of thinking, change our methods and create a community of creative people who will make all the difference. We are already heavily analysing possible outcomes  and to be honest with you, there will be changes and there is no way around it if we don’t want to stay just some small scale project on the peripheries of the altcoin scene – and the scene itself might not have much time left anyway.  

I have commented many times before in the forums of other coins, and maybe this one too, that these crypto currencies will never make it to the mainstream given the way they operate today.  Having worked in banking for many years I know what I am talking about.  That's not to say there isn't a niche to fill, obviously there is.  The question is do any of today's currencies fill it?  I think Bitcoin comes the closest but there are some very significant issues with crypto currencies that must be overcome before anyone would be willing to base a system of trade on them.  I get that these currencies want to by anonymous and decentralized.  But the problem is a successfull currency has to be backed by a trustworthy source - someone who ensure the currency does not lose all of its value overnight.  Who is that trustworthy source with cryptos?  Mining pools are run by guys who have other jobs.  When things go wrong there is no requirement to respond.  If a bank has a failure it must recover in a time frame regulated by a government agency.  So who overseas these coins?  Most crypto coins are run by very informal organizations of "volunteers".  That sounds nice but how much risk are you willing to take on an operation like that?  A vendor who takes bitcoins in exchange for merchandise he pays for in dollars want to know that his bitcoins will not drop 50% in value overnight. 

I don't pretend to have all the answers, but I can identify some real issues that put the long term viability of all crypto coins at risk.  Banks will never back crypto coins in a serious way.  Banks know all too well what kinds of controls they must have in place to protect their deposits and no cryptocoin comes anywhere near what is necessary for banks to approve.

I agree, that's why there is great division within bitcoin community between those who are pro and those who are against regulations. Regulations, sensible of course, would open up the whole markets revolutionizing payments, not mentioning the kind of boost of value the coin would get. However, regulation is something that only the toughest, the best capitalised, the most established will be able to weather. The rest will be battered to death or pushed deep underground, possibly into Tor's deep web.  You are highlighting important point here, that decentralisation is great, but in terms of success, centrasiation is the only way forward in this rigidly regulated world.
Apart from that, Bitcoin researchers are working hard on finally coming up with working and reliable solution to the side-chain problem. This is great threat to a lot of projects out there and time is running out. Diamond should start moving in that direction at some point as well, but I believe there are also some other fundamental features that should be looked into and changed before we embark on that one.
Just don't despair folks, not everything is lost. We can rock this boat, but we need to make right decisions and not be afraid of the changes. There are businesses out there who would consider Diamond incorporated if presented the right way, so regulations are regulations but we can create conditions which would be good enough for some big player to use our services. 

[paladin281978]

popshot
about what changes specifically you speak?
how it will affect the cost of DMD and how it will affect ordinary holders DMD?

[popshot]

popshot
about what changes specifically you speak?
how it will affect the cost of DMD and how it will affect ordinary holders DMD?

Primary focus would be to introduce changes that would increase strength of the network as a whole and devising a way of force capitalisation of the coin.
Coin rollout plan such as total coin count and POS rewards would stay untouched just the methods to get there would be different. Most likely direct mining will be affected by the changes but in terms of cost of DMD and ordinary DMD holders the aim is to boost it to the maximum in the shortest possible time frame (but not by hype just by the new optimised methods of operation).
Right now I cannot present any specifics as the ideas are yet to crystallise but we already get the sense of the new direction. Stay tuned.

[cryptonit]