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

[danbi]

hallared, nice way to do the calculations. Much more "trustworthy" than the pure math, because there are many uncertainties.

The PoS contribution will be greatly influenced by how many of the stake holders open their wallets for minting. It also depends on the coin pile distribution. PoS is designed to work properly on the long term, but not predictable at all for short term calculations. Also, PoS rate influences PoW rate. One can assume 1 of every 10 blocks to be PoS, and the remaining 9 to be PoW. Whatever the PoS rewards are, this holds true.

Also, PoS is more difficult for a pile of very small coins, such as those generated by solo mining in a wallet. This is why it's generally bad idea to both PoW and PoS in the same wallet -- it is always best to move coins from the PoW wallet to the PoS wallet in chunks of 10-100 DMD. In the long term, PoS will make sure the coin sizes will equalise in "optimal" values (1-100 DMD).

But, whatever the real math is, halliared's way is adequate. We could expect even faster increase if some larger DMD investors wake up and mint their coins.

[1715001396]

1715001396

[1715001396]

1715001396

[1715001396]

1715001396

[cryptonit]

If you look at the cost of the diamond you will see that it has not changed in relation to the dollar.
 Prior to start the pump and after, the price is 16 - 17 cents. Bitcoin value thus noticeably dropped.
 This means that there is good potential for investment in the Diamonds.

yes diamond is looking like a better investment than BTC. Pretty stable.. I may want to buy more if the time is right..

AND we not only keep value stable
ur coins increase by POS 50% a year!

other topic
we have already 3 big miners who mine for DMD Cloudmining shares got only positive feedback
in a few days we will make it public avaiable

[cryptonit]

who own a linkedin account and didnt connect to me do that please
https://www.linkedin.com/pub/helmut-siedl/92/460/586
and who connected to me check my skills and endorse what u think i have
and then repeat with our CEO
https://www.linkedin.com/pub/aleksander-ray/a8/368/b03

and if u have no linkedin account consider create one just to support DMD
we will try move over there more and more activity because thats a platform that allow us
reach outside of crypto crowd and there is the real market for expansion

thx for ur ongoing support

its not " watch what cryotonit does and hope he is successful"
what we do here is working together towards a goal

[cryptonit]

NO Electricity Bills                                 
  NO Maintenance                                   
    NO Heat                                                 
      NO Noise                                               
        NO Timesink                                         
          NO Complicated technology                 
            NO Quickly decreasing mining rewards


INVEST ONCE

     -> EARN EACH DAY!
                 
                      YES

Visit us:   https://cloudmining.bit.diamonds/
for terms & conditions Email us: cloud@bit.diamonds
     


What's the best way to invest in DMD?

If I had investment capital I would split it as follows:

 a) 50% on buying Diamonds directly
 b) investing 50% in Diamond Cloud Mining.

 This way I could achieve both maximizing the profit and stabilizing the coin.
 Diamond Cloud Mining can earn Diamonds every day, those Diamonds stake with 50% PoS interest.
 Some would call that Double PoS or simply PoS² (Proof of Shares and Proof of Stake).

[echo00114]

I am a bit busy getting the pool up again, but here is a short update on danbi's pool situation.

The pool scripts, as many of you already know hang from time to time. While this is not normal, it is a known bug in MPOS and results in only processing delays (the fronted display is not updated). No coins are lost.

Around the New Year eve this happened again, and I was able to only address is this morning. That is, restart the scripts manually and wait for them to process all the backlog. The three days backlog took about six hours to process. Then the pool began sending the mined coins... and apparently triggered an wallet bug. (too many transactions, or similar) -- which resulted in the pool not receiving any new blocks.

I then reloaded the blockchain and reset the transactions and the pool was up again. Prepared a list of unsuccessful transactions and started sending them, but the bug was hit again (too many, again). The pool stopped again.

I am now restoring the pool again, and will retry sending the transactions one by one, waiting for confirmations. This will take some more time, but should be ok by tomorrow. No coins are expected to be missing.

Unfortunately, during the recovery period, the pool could not generate coins, for which I apologise.

Hope to be able to work on fixing this wallet issue (which might affect any pool, or even any user) and the MPOS scripts later this month.

Oh, and by the way, danbi's pool has never minted coins that sit there. One could bother to read my many comments back in the thread as to why this is very bad idea (for any pool). You are advised to take your coins off the pool as soon as they are available. Thanks.

hello
danbi correct send my "lost" coin  and phool working again normaly

thanx again

[cryptonit]

hello
danbi correct send my "lost" coin  and phool working again normaly

thanx again

great news bulgarian diamonds shine brighter than ever before

[pallas]

Great to see Danbi back at crafting diamonds: I must admit I was afraid ;-)

[vegasguy]

Ive always been outspoken, and I dont like deceit. You mark my words, within 24 hours, payouts will magically start working on their own, and there wont be an issue with payouts if enough people speak up. This pool is making the 50% pos off YOUR money, and YOU are LOSING your rewards, its as simple as that. If you really sat down and added up how much youve lost in POS rewards because of this pool, you would be as mad as I am.
Vegas

Your welcome dmd miners

Vegas

[hallared]

hallared, nice way to do the calculations. Much more "trustworthy" than the pure math, because there are many uncertainties.

The PoS contribution will be greatly influenced by how many of the stake holders open their wallets for minting. It also depends on the coin pile distribution. PoS is designed to work properly on the long term, but not predictable at all for short term calculations. Also, PoS rate influences PoW rate. One can assume 1 of every 10 blocks to be PoS, and the remaining 9 to be PoW. Whatever the PoS rewards are, this holds true.

Also, PoS is more difficult for a pile of very small coins, such as those generated by solo mining in a wallet. This is why it's generally bad idea to both PoW and PoS in the same wallet -- it is always best to move coins from the PoW wallet to the PoS wallet in chunks of 10-100 DMD. In the long term, PoS will make sure the coin sizes will equalise in "optimal" values (1-100 DMD).

But, whatever the real math is, halliared's way is adequate. We could expect even faster increase if some larger DMD investors wake up and mint their coins.

Good to see you around again Danbi! Hope your "real life demands" have settled a bit, so there will be more time for DMD in the future.

Glad you found the estimation adequate, reality will reveal the final answer

[Star65]

Hi guys!
What stops me from investing in a DMD - this is unhealthy network. I've been watching for a month. One large pool very often does not operate normally, "under investigation", his website is constantly slows down and so on. For me it was over this big issue during the NY holidays, when I got only ~ 30-40% rewards in the period from 31.12 to 04.01 (2 days lost and i left). Two other pools (Miningfields) completely "blind". Can not see the transaction, there is no statistics on blocks and workers, can not even see your current balance. True believers might think that this is normal, but for newcomers it looks like a rich field for fraud.
Are there any other pools in addition to these Danbi or Miningfields?

Sorry for the bad English, Googlenglish partially. 
And sorry second time, I do not want to offend anyone.

WBR,
Wyacheslav.

[cryptonit]

DMD Multipool/Cloudmining Lotto 4th jannuary
782717 https://www.win2day.at/gaming/RundenPlakat_wai.jsp

congrats to the winner

dN5*****************m88 2014-12-08   782627

200 DMD jackpot is yours!

next winner will be choose 1st february!

[forbesmining]

I mined the danbi pool for about 5 weeks, but I'm done with the constant problems, and finally the non-payment of approx. 40-45 coins.
A small amount, but a constant headache keeping up with the pool being down. Does not reflect well on DMD.

[iCEBREAKER]

I mined the danbi pool for about 5 weeks, but I'm done with the constant problems, and finally the non-payment of approx. 40-45 coins.
A small amount, but a constant headache keeping up with the pool being down. Does not reflect well on DMD.

Constant problems are to be expected with any coin.

What doesn't reflect well on DMD is the cheesy 'BONUSBONUSBONUS ACT NOW NOW NOW' cloud marketing.

It's the dime store version of Paycoin and GAW.


Let's list the known use cases for DMD:

1) buying DMD cloud mining, to earn more DMD
2)

I think ^this^ is why only one pool is (kind of) bothering to support Diamond.

[Mister1k]

Hi guys!
What stops me from investing in a DMD - this is unhealthy network. I've been watching for a month. One large pool very often does not operate normally, "under investigation", his website is constantly slows down and so on. For me it was over this big issue during the NY holidays, when I got only ~ 30-40% rewards in the period from 31.12 to 04.01 (2 days lost and i left). Two other pools (Miningfields) completely "blind". Can not see the transaction, there is no statistics on blocks and workers, can not even see your current balance. True believers might think that this is normal, but for newcomers it looks like a rich field for fraud.
Are there any other pools in addition to these Danbi or Miningfields?

Sorry for the bad English, Googlenglish partially.  
And sorry second time, I do not want to offend anyone.

WBR,
Wyacheslav.

There is something going on for sure. Nothing has been the same at Miningfield since the autopay change to 3.0 per hour, .5 min. I am not sure why we needed the change.. Not one miner could generate 3 per hour@ us mingfield. But i know my rewards are way down by 30-40 percent as well. I am waking upto a dead miner after a payout comes through from the pool to the wallet. Pool interupts,getwork failures and as you stated your pretty well blindfolded looking at any stats from the pool. There hasnt been one stable pool at all in the history of diamond. Thats a fact.

[utahjohn]

ROFLMAO on this one ...
http://captiongenerator.com/28517/Paycoin-ruins-Hitler

[Mister1k]

ROFLMAO on this one ...
http://captiongenerator.com/28517/Paycoin-ruins-Hitler

Lol.
TGSNT.TV

[stillontop]

Another thing that makes me wonder is, what source of power is the cloudmining service using? In my household for example, I have a contract with a so called Ökostrom-Provider, delivering power only from renewable energy sources like wind, water and photovoltaic power.

Just have to say, if we want to be the future, there has to be a future worth living for, that's a point we should keep in mind, for ourselves and our children. And if the global temperature rises by 3° C or more, we will have bigger problems than financial or currency issues.

[reftop123]

There is something going on for sure. Nothing has been the same at Miningfield since the autopay change to 3.0 per hour, .5 min. I am not sure why we needed the change.. Not one miner could generate 3 per hour@ us mingfield. But i know my rewards are way down by 30-40 percent as well. I am waking upto a dead miner after a payout comes through from the pool to the wallet. Pool interupts,getwork failures and as you stated your pretty well blindfolded looking at any stats from the pool. There hasnt been one stable pool at all in the history of diamond. Thats a fact.

Use stratum, not getwork. It was really bad with danbi's pool, lost connection all the time. Now with sgminer 5.1 and stratum i forgot about that.

[popshot]

Another thing that makes me wonder is, what source of power is the cloudmining service using? In my household for example, I have a contract with a so called Ökostrom-Provider, delivering power only from renewable energy sources like wind, water and photovoltaic power.

Just have to say, if we want to be the future, there has to be a future worth living for, that's a point we should keep in mind, for ourselves and our children. And if the global temperature rises by 3° C or more, we will have bigger problems than financial or currency issues.

StillOnTop the reality is at the moment the most service providers are going to choose the cheapest option. For them it's all about minimising costs. Once renewables at affordable price point emerge as a significant percentage of energy mix portfolio, then some might choose to be ethical, caring, etc. and I'm sure it will happen sooner or later as a form of building good image.

Generally it's not something we have control over.
But, we can still control how Diamond works, that's why we have PoS and soon PoW won't be such a big polluter. I think Diamond is rather "clean" when comparing to others.

[popshot]

Press release Community initiative

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Contributors so far:    chilo-0.25    0.25-popshot    cryptonit-0.25    0.25-TheMightyKnight    enigmatic person-0.25

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Bump! We need more contributions ! (4 to be exact)

Four more people needed, but I'm not sure if 2,2 with the recent price slump will suffice.  

Is there a person good at writing articles? We can start putting it together.