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

[utahjohn]

Take a look at this block (going mercenary here)
https://chainz.cryptoid.info/dmd/block.dws?781409.htm
What is wrong there? haha hint 1% or 1.05%

0.05 = transaction fees? what's wrong with that?

Transaction fees are automatically paid by pool by reducing reward amount to miner, this is done by NOMP ... the 1.05 is incorrect as it is paid to pool op directly.  This shortage to miners results in a 1% additional fee to pool op every 20 blocks!
Feel free to examine dmd.donkeypool.com as ours are correct

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[hallared]

Now is a good time to add donkeypool into miner failover list or even better as primary pool.
see http://dmd.donkeypool.com:808 we are honest pool with payout at 2 DMD done hourly.

IMO Danbi should be spending more time on wallet code than trying to keep a unsupported MPOS code base alive.  
The days of Danbi's being ONLY DMD pool are over

There is really no need to slam Danbi. He has provided his DMD pool as a service to the community for a very long time. The only reason he is having a fee on his pool is because it was forced upon him, because it was said it was unfair to other pool operators who would have problems competing with a zero fee pool. If I was Danbi I had gladly put down the pool, its becoming tiring listen to all people complaining about everything.

I do not think anyone is in a position to tell Danbi what he shall do or not do regarding MPOS. Not all people are retired when they are 53 years old and can spend their days sucking up beer. Some people have to work and, if possible, spend their spare time on DMD related projects.

Your slaming on Danbi in favour for Donkeypool would not have anything to do with you acquiring half of the mining fee from Donkeypool would it?  　

[hallared]

@devs, if you Truly want to reward the large dmd holders, then do so by hardforking the next wallet release to reward any dmd wallet holder with over say 5000 dmd with 100% pos or 200% pos. There done. NO REASON to send our funds to you. DONE!

I think the Dev teams idea with the original reactor was to create a strong incentive to join the cloudmining. The idea with the cloudmining is to support DMD, nothing else. By supporting the cloudmining you also support yourself, since a constant buy support affect the price for all DMD holders. You can not only milk the cow, without food there will be no milk.

Not everycoin. Just bought 2mil of Digibyte today. Thats going ONE direction, and NO drama.

I have not payed special attention to Digibyte, but I know they had troubles with the price due to dumps on the exchanges around Christmas/New Year time (other dumps not related to Moolah). Things seem to have improved, Jared works hard for the coin and perhaps it helped that SRCXXX stopped his pool operation. There could be a lot of reasons for the price raise, this is an interesting post from the Digibyte thread

https://bitcointalk.org/index.php?topic=408268.msg10007819#msg10007819

Perhaps someone decided to by some food for the Digibyte cow.

[hallared]

Take a look at this block (going mercenary here)
https://chainz.cryptoid.info/dmd/block.dws?781409.htm
What is wrong there? haha hint 1% or 1.05%
I made notice to pool ops to check block generation weeks ago.  Danbi's was fine however us.miningfield.com is in error.

Now you also try to slam Miningfield. Are you trying to fool someone that you care for anyone else except yourself? You dont care for anything else than your own wallet. In this case your fee of 0,45% from the blocks found by Donkeypool.

The total block reward in DMD is 1,05 DMD. Miningfield obviously choose to calculate 1% fee from the total block reward so his total fee of 0,0105 from a normal mining block is mathematically correct. If you and the Donkey pool owner want to calculate your fee in another way it’s totally up to you.

[hallared]

Cloudmining shares for sale

403 shares, payment can be done in BTC or a combination of BTC/DMD.

The sale is for personal reasons but the decision is also affected by reading some peoples opinions regarding cloudmining and its investors. I invested before there was known plans for any kind of reactor, so that had no impact on my investment decision. I invested to do something good for this coin and all other DMD holders. Now I am tired of all the negativism.

PM me with a reasonable offer and let me know if you want to use escrow.

[Star65]

Guys, you are selling the shares because the day of 1000000 DMD is near? After that, our reward for the shares will be smaller?

[Star65]

BTW I have never seen anyone acheive leet status before
I hate to be repetitious but pool mining is actually better than solo because of "Peer Magic" where the pool is notified immediately of new blocks versus solo mining polling every minute.
http://dmd.donkeypool.com:808

I think you're wrong. Simultaneously with solo mining you can use block change detection via pool.
For example:
sgminer -k diamond -o 192.168.1.6:17772 -u User -p Password -o stratum+tcp://dmdeu.miningfield.com:3388 -u -p

[crazyivan]

Guys, you are selling the shares because the day of 1000000 DMD is near? After that, our reward for the shares will be smaller?

DMD cloud mining s got nothing to do with actual DMD mining. Funds collected by selling cloud mining shares are used to buy SHA 256 cloud mining hash as well as some other investments. So when you buy cloud mining shares, you do not actually mine DMD, you mine BTC and this BTC s then used to buy DMD which you get as your payment. Devs can correct me if I am wrong.
This is a very smart investment vehicle, it includes constant partial reinvesting of mined coins to ensure SUSTAINABILITY of our DMD payouts. In other words, devs do all the work for us and we reap the benefits.

Regarding DMD in general, I am not sure people understand how precious this coin is. We have a coin with 0 premine, which means no potential dump/run by the dev team. We have a dev team which is hones and hard working, constantly seeking ways to improve the entire DMD ecosystem. Currently we have POW, POS, cloud mining, DMD reactor to be and the best things are yet to come as far as I know.

I ve been into crypto for a long time and this is really, really rare. Seeing this reactor as something negative and not an attempt to increase your own ROI is complete insanity. I don't know your plans but I have quite clear investment plan regarding DMD. I m in and I am not getting our until I am filthy rich. I certainly hope lots of you s going to be in that coin mud with me.

@Chilo - U re one smart dude, I think both of us re gonna be happy with this coin.

[DMDCreeper]

Now is a good time to add donkeypool into miner failover list or even better as primary pool.
see http://dmd.donkeypool.com:808 we are honest pool with payout at 2 DMD done hourly.

IMO Danbi should be spending more time on wallet code than trying to keep a unsupported MPOS code base alive.  
The days of Danbi's being ONLY DMD pool are over

I moved some of my hash capacity over to donkeypool a couple of weeks ago from Dani's pool.  I didn't have any issues with Danbi, he does a great job in my opinion and he is responsive when you contact him.  But I just feel that it is better for the viability of DMD if we have multiple pools with similar hash rates.  Its not Danbi's fault he has such high hashrates on his pool but I have never been comfortable with one pool sometimes owning almost all the hashing power for DMDs.

My experience with donkeypool has been good so far. 

We need to support everyone who invests their time and money into DMDs.  That's why I do not favor mechanisms that reward the big holders over new guys who may be joining our efforts as DMD becomes more valuable and more popular.  We would be better served by offering incentives to attract new miners and investors from outside our community.

[cryptonit]

BTW I have never seen anyone acheive leet status before
I hate to be repetitious but pool mining is actually better than solo because of "Peer Magic" where the pool is notified immediately of new blocks versus solo mining polling every minute.
http://dmd.donkeypool.com:808

I think you're wrong. Simultaneously with solo mining you can use block change detection via pool.
For example:
sgminer -k diamond -o 192.168.1.6:17772 -u User -p Password -o stratum+tcp://dmdeu.miningfield.com:3388 -u -p

this! always used solomining that way

[cryptonit]

I invested to do something good for this coin and all other DMD holders. Now I am tired of all the negativism.

same is true for me

guess how i feel

and i cant leave the boat

im the captain

at least i have the advantage to trust myself 100%

[utahjohn]

Take a look at this block (going mercenary here)
https://chainz.cryptoid.info/dmd/block.dws?781409.htm
What is wrong there? haha hint 1% or 1.05%
I made notice to pool ops to check block generation weeks ago.  Danbi's was fine however us.miningfield.com is in error.

Now you also try to slam Miningfield. Are you trying to fool someone that you care for anyone else except yourself? You dont care for anything else than your own wallet. In this case your fee of 0,45% from the blocks found by Donkeypool.

The total block reward in DMD is 1,05 DMD. Miningfield obviously choose to calculate 1% fee from the total block reward so his total fee of 0,0105 from a normal mining block is mathematically correct. If you and the Donkey pool owner want to calculate your fee in another way it’s totally up to you.

As stated on the OP of DMD thread 1.05 reward for blocks of which 0.05 is sent to foundation.  So correct calculation of miner reward is based upon 1.00 DMD.  Fine with me if u want to pay miningfield an extra 0.05%.
I choose to support a new pool because of the difficulty to not only start it but keep it operational.  The 0.45% I receive is a pittance and not worthy of my time however I see the need for stable pool(s) and no monopoly on mining.  As far as my wallet is concerned, I have earned that.  My decision to leave cloudmining is based upon examination of current and future profit. 

[chilo]

I invested to do something good for this coin and all other DMD holders. Now I am tired of all the negativism.

same is true for me

guess how i feel

and i cant leave the boat

im the captain

at least i have the advantage to trust myself 100%

When the going is tough, the tough keep going.

cryptonit, popshot and co, you are doing a great job. Your ideas, plans and vision will make the success of DMD.

Constructive criticism is also to be welcomed, and can assist in viewing ideas from other perspectives and possibly avoiding potential pitfalls. Unfortunately some of the plainly negative commentary is unnecessary, and does not assist in promoting DMD as a valuable and longterm asset, and only serves to deplete the morale of those most supportive of DMD ie the devs.

We need to keep the discussion moving, and support the foundation in making the right decisions even when this requires criticism. It does not need to come with derision and innuendo regarding the trustworthiness of the dev team. I have never heard of anyone being unfairly dealt with by the DMD team, and I have done a lot of research.

Keep the ideas coming.

Kind regards

chilo

[chilo]

The "parasitic mindset" comment is just uncalled for.

I agree, and apologise for the comment.

[cryptonit]

what we are now is a nice coinrollout plan with fair distribution

but our real success will be based on the new stuff that comes
and not some bitcoin v1 hybrid pow pos code with cloud buy pressure

what u see now is just the basic layer of a full bitcoin v2 empowered code
with assets and smart contracts and apps hosted on top if it

that will be diamond v3

i did give so many hints in the past in my opinion
it should be clear already for every follower

dmd team is working  hard to get this done
but i guess its clear we not talking about a few weeks project
instead we talking about a few months

but still supportive stuff thats going on already like dmd cloud and reactor shouldnt be seen as unimportant
its all pieces of a puzzle that in the end will be dmd v3

[danbi]

I know DMD will be a success story. Why ? Because I decided to invest in it and I am not selling one DMD till the coin reaches 100$ value.

Wow, I didn't know why I never was tempted to sell even one of my DMD.

You just gave me an explanation. But, since I live in Europe, my mark would be 100 EUR.

[danbi]

IMO Danbi should be spending more time on wallet code than trying to keep a unsupported MPOS code base alive.  
The days of Danbi's being ONLY DMD pool are over

You have no idea how much I am glad danbi's pool is not the only functional pool for DMD.
Being responsible for your profits is a great burden on me. Not sure many understand.

I am working on the wallet code, and it indeed needs a lot of work. You guys are happy your pools are smaller, and don't encounter the fringe cases that danbi's does (and I need to spent lots of time and personal coins to fix it). But, in my understanding these are "my" bugs and therefore my problem.

[crazyivan]

Nice, now we have a goal, we all sell once 1 DMD reaches 100 euros.

What a dump is that going to be. ))))

[crazyivan]

Hahaha, the 100$ mark is just an image I am trying to remind those that panick that if they decided to invest in DMD, it's because they believed in it.

Therefore, they shouldn't start dumping their shares and DMD just for some reactor project they don't like. When you make an investment, you stick with it: the money should already be "lost" in your mind. And then one day, you might have the good surprise to see your investment was sound.

No need to feel insecure. As far as I can see, everything s going according to the plan.

[hallared]

Take a look at this block (going mercenary here)
https://chainz.cryptoid.info/dmd/block.dws?781409.htm
What is wrong there? haha hint 1% or 1.05%
I made notice to pool ops to check block generation weeks ago.  Danbi's was fine however us.miningfield.com is in error.

Now you also try to slam Miningfield. Are you trying to fool someone that you care for anyone else except yourself? You dont care for anything else than your own wallet. In this case your fee of 0,45% from the blocks found by Donkeypool.

The total block reward in DMD is 1,05 DMD. Miningfield obviously choose to calculate 1% fee from the total block reward so his total fee of 0,0105 from a normal mining block is mathematically correct. If you and the Donkey pool owner want to calculate your fee in another way it’s totally up to you.

As stated on the OP of DMD thread 1.05 reward for blocks of which 0.05 is sent to foundation.  So correct calculation of miner reward is based upon 1.00 DMD.

There are many ways to calculate things, not only to first substract a percentage and then continue to substract another percentage from this new value. This procedure could get seriously wrong if one is not aware of what to calculate the percentage from. For example lets say that me and my business partner managed to earn 1000$. Lets also say that we decided to reward ourselves with 20% each and keep the rest inside the business. So I would first get 20% of 1000$, that’s 200$. Then my business partner would get 20% out of the remaining 800$, that’s only 160$. My business partner would certainly be very unsatisfied with the correctness in this calculation. Instead both of our 20% rewards should be calculated from the original value of 1000$, that way we both get 200$.

Therefore the final result depends on how one decide to perform a calculation and what value to use to calculate a percentage from. Regarding fees one can choose to substract 4.761904761904…% from the 1.05 block reward (that’s the equivalent of 0.05 to Foundation) and then take 1% of what’s left in fee. Or one can choose to calculate both the 4.761904761904…% to Foundation and the 1% fee from the original value of 1.05 block reward. Independent of choice, both calculations are mathematically correct. The only way to determine if a specific calculation is correct or not is to verify its veracity by applying the same mathematical procedure utilized by the original implementer.