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

[cryptonit]

http://multipool.bit.diamonds/
is supporting now http://yaamp.com/ too
with statistics and full Multipool Lotto ticket rewards
give it a try and us feedback

[1715051982]

1715051982

[optiplex]

Fork again? diff drop to 78

[linklayton]

I'm somewhat of a mining noob, but I want to mine Diamond.  I've downloaded and redownloaded the most current DMD wallet: Diamond - Wallet v2.0.4.0 however it still says "0 active connection(s) to Diamond network"  I've downloaded the newest chain from the links provided on the official Diamond website, replaced all the files except "diamond.dat" in my appdata, and still my wallet says (out of sync) in red letters.  How do I get my wallet in sync?   

[miningfield]

Fork again? diff drop to 78

There is no fork, all 3 Pools are working fine, on the correct fork, and yes diff did went down for some minuts, this means some BIG miners stop mining on that period.

There are solo miners out there with some respectable hashrate.


s. http://www.miningfield.com
t. https://www.twitter.com/miningfield
f. https://www.facebook.com/miningfield
DMD Pool. http://eu.miningfield.com
               http://us.miningfield.com

[cryptonit]

I'm somewhat of a mining noob, but I want to mine Diamond.  I've downloaded and redownloaded the most current DMD wallet: Diamond - Wallet v2.0.4.0 however it still says "0 active connection(s) to Diamond network"  I've downloaded the newest chain from the links provided on the official Diamond website, replaced all the files except "diamond.dat" in my appdata, and still my wallet says (out of sync) in red letters.  How do I get my wallet in sync?   

try create a file named diamond.conf in appdata diamond folder

edit that file with notepad and write in the lines

listen=1
noirc=0
addnode=193.68.21.19
addnode=54.191.208.14
addnode=54.255.133.30
addnode=54.86.164.216
bantime=600

then u should be able find peers to sync

[gmg]

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'm glad to see the dev team moving forward to establishing DMD as a serious contender in the crypto-coin race. Let me throw a couple of random thoughts to this discussion:

1. Regulation. Any serious cryptocurrency will require both merchant adoption and citizen adoption. But, neither will happen on a mass scale without first regulating the scene. So, in theory, we should welcome regulation. But, in practice: who will represent the DMD community in regulation debates and by what authority? what is our (agreed) stance on regulation, e.g. things like BitLicense? To provide answers, DMD needs institutionalization (something like the Bitcoin Foundation) and more than a few people dedicated full-time to the project.

2. Infrastructure. To be seriously considered, we cannot rely on things like scarcity and a nice name (we already got those and they have taken DMD only so far). We need a robust underlying network. We need to be able to claim (to investors, adopters, regulators, etc.) that we can't even remember the last time the blockchain was forked (plus that we recovered immediately from that incident). We need to be able to show stable wallets, pools, clearing services, exchanges, etc. We also need to be able to claim (by numbers) that an external attack would be economically infeasible for someone to orchestrate and carry out. Again, we cannot show these attributes to any serious business, unless we first invest in infrastructure (hash rate) and development/maintenance effort.

So, in one word, DMD needs RESOURCES. Who will pay for them, who will provide them, and who will run them are the things we should be discussing.

For my part, I'm willing to contribute. Dev team, PM me, if interested.

[popshot]

I'm glad to see the dev team moving forward to establishing DMD as a serious contender in the crypto-coin race. Let me throw a couple of random thoughts to this discussion:

1. Regulation. Any serious cryptocurrency will require both merchant adoption and citizen adoption. But, neither will happen on a mass scale without first regulating the scene. So, in theory, we should welcome regulation. But, in practice: who will represent the DMD community in regulation debates and by what authority? what is our (agreed) stance on regulation, e.g. things like BitLicense? To provide answers, DMD needs institutionalization (something like the Bitcoin Foundation) and more than a few people dedicated full-time to the project.

2. Infrastructure. To be seriously considered, we cannot rely on things like scarcity and a nice name (we already got those and they have taken DMD only so far). We need a robust underlying network. We need to be able to claim (to investors, adopters, regulators, etc.) that we can't even remember the last time the blockchain was forked (plus that we recovered immediately from that incident). We need to be able to show stable wallets, pools, clearing services, exchanges, etc. We also need to be able to claim (by numbers) that an external attack would be economically infeasible for someone to orchestrate and carry out. Again, we cannot show these attributes to any serious business, unless we first invest in infrastructure (hash rate) and development/maintenance effort.

So, in one word, DMD needs RESOURCES. Who will pay for them, who will provide them, and who will run them are the things we should be discussing.

For my part, I'm willing to contribute. Dev team, PM me, if interested.

That is precisely my analysis of the situation gmg. We are already in the process of arranging institulisation of Diamond with transformation from 'volunteers' to people working legally tied to the project. Just the regulations are different in each country and we had trouble with choosing the best avenue. Working full time is difficult to achieve for majority of people, but if there was such possibility I would gladly leave my current job just to work on Diamond's success. More people are needed, that's true but again finding people with like minded mentality to be able to work in a cohesive and dedicated way is not always easy. This is something to be developed for sure.
When it comes to name and specs of the coin, I could not agree more - this is just as much as it gets while the rest will be based on robustness and usability. It's a bit like with having a talent, where it accounts for 1% of success while the rest 99% is hard work. If we do hard work well, the talent of Diamond will be something that will put us in the distinctive position.
I share your views on resources which are rather scarce but I'm sure this is something we can overcome.

Thank you gmg for stepping in, you always contributed as much as you could in the past, your help for sure will be invaluable.

[LTCMAXMYR]

Fork again? diff drop to 78

my rigs were maintained ,it was a big hashrate drop.

[Youghoor]

Fork again? diff drop to 78

my rigs were maintained ,it was a big hashrate drop.

that is what everyone likes

[cryptonit]

Fork again? diff drop to 78

my rigs were maintained ,it was a big hashrate drop.

that is what everyone likes

chinese FPGA miners are switching a lot between coins
dont wonder if such diff jumps happens

groestl is no longer mainly GPU miner playground
FPGA is here and asic as a sideproduct of x11 asics will follow.....

Diamond will take care of this situation
whats worse than a asic minable coin?

a coin where fpga/asic gear existing but noone beside a few
have access to the gear

in the past we did think asic is bad only mining giants run them
now we have to realize that invest 1000$ into some asic gear is
much better path then invest 1000$ into GPU mining farm

evolution means adapt to the enviroment that suround u
we will

[pallas]

since history told us there is no such "asic resistant" or "fpga resistant" algo, and if we accept asics as a nice way of mining provided it is accessible to everyone, than the best move would be to switch to bitcoin's sha256 :-)

[shveicar]

Hi.
I think that those coins that can not adapt to the Asic chips eventually die.
 Nobody will buy new coins from the fact that they have a new algorithm. Future commercial product market, requires stable and secure operation.
What serious payment structure interested in the coin, which is supported by a network of homegrown Miner with the video card? Another question is who will create and produce new chips for new algorithms. I think that the current situation with the capitalization of the new coins, nobody.
 Diamond community on the right path to find a way to adapt to existing and mass Asic devices (forget about the attacks underground miners) and the creation of a network of services Activities that will take the diamonds to pay for exclusive products.

[big_coins]

asic will be pointless when its 0.1 per block reward soon.

[shveicar]

asic will be pointless when its 0.1 per block reward soon.

Just for this Asic and need. He should just maintain the network, and not to bring their owners millions.
Furthermore, it would be nice to enhance the value Pos diamond network for additional its protection.
The current protection Pow + Pos 1 block per minute / 10 blocks per minute is not effective. Probably should be 50/50

[cryptonit]

digitalcoin is a good example of another team
who read the sign like we do

they switch from single algo POW to 3 algos and all are soon asic algos

[popshot]

digitalcoin is a good example of another team
who read the sign like we do

they switch from single algo POW to 3 algos and all are soon asic algos

Could we do that with SH-256 ?

Of course, technically there is no problem.

[cryptonit]

digitalcoin is a good example of another team
who read the sign like we do

they switch from single algo POW to 3 algos and all are soon asic algos

Could we do that with SH-256 ?

Of course, technically there is no problem.

[popshot]

What are we waiting for then ?

We're waiting for all the other pieces of a puzzle to fit nicely together. Algorithm is not the one and only thing that would enable us to conquer the altcoin scene. Holistic approach is required.

[LTCMAXMYR]

Fork again? diff drop to 78

my rigs were maintained ,it was a big hashrate drop.

that is what everyone likes

chinese FPGA miners are switching a lot between coins
dont wonder if such diff jumps happens

---------------------
first,community pay for miners to keep networks safety,GPU cannot always protect the network.
spent millions to build AISC miner,and dump to the floor,how to  recover the investment?
if attack the network,coin can switch to another algo,and not die.
if all people abandoned the algo,what is the usage of ASIC miner?
look at X11 profit,GPU is no usage,secrete ASICs are running without doubt.
groestl is part of X11,we should keep an eye on this.

[LTCMAXMYR]

digitalcoin is a good example of another team
who read the sign like we do

they switch from single algo POW to 3 algos and all are soon asic algos

Could we do that with SH-256 ?

Of course, technically there is no problem.

What are we waiting for then ?

switch to SH-256 is not good idea,
some big farm can drive the diff to very high in few minutes and left ,if he like to do it.
then other small miner will spend weeks to generate a new block.