[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%
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.

U seem to miss my point entirely.  Take a look at the block again.
0.9895 DMD is going to the pool to be distributed not 0.99 if the 1% fee was calculated correctly.
To give another example.  How much do you receive solo mining, exactly 1.00 DMD (unless block has added transaction fee for faster processing)

[1715017891]

1715017891

[1715017891]

1715017891

[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.

U seem to miss my point entirely.  Take a look at the block again.
0.9895 DMD is going to the pool to be distributed not 0.99 if the 1% fee was calculated correctly.
To give another example.  How much do you receive solo mining, exactly 1.00 DMD (unless block has added transaction fee for faster processing)

And you seem to miss my point entirely. There are many ways to calculate things. Your way is not the only way.

[utahjohn]

Since when does 98.95% = 99% (Not in any math I know of)  Bottom line is miners are being shorted.
The 0.05 that goes to the foundation directly which u never see as part of reward.  You are not entitled to ANY % of that, it is skimmed off the top.   

[cryptonit]

Since when does 98.95% = 99% (Not in any math I know of)  Bottom line is miners are being shorted.
The 0.05 that goes to the foundation directly which u never see as part of reward.  You are not entitled to ANY % of that, it is skimmed off the top.   

how about reading hallareds posting again he detailed explained how total correct calculation can lead to different results

but in my opinion it just doesnt matter at all

0,95% 1% or 1.05% pools fee that make nearly no difference at all

in my opinion if pool fee difference between pools is 0,25 +/-  against each other
dont consider the fee as the point why u choose one or another pool

all other points seems to be importnat to me
first of all do i trust the pool operator

example danbi pool might had troubles at the past but its always solved in a way everyone get what is his

still i dont mine at danbi i mine at miningfield eu

because at the time when he started he needed support to establish his pool
and i had no issue at all there so why leave

i would have considered donkeypool for startup support too
if it would be a eu pool and if the webside would use a default http port

over all trust in stability opf a pool have much more impact than 0,05 fee difference
because on a nvidia ccminer based mining rig u have no backup pool settings
a night on a dead pool cost u much more than the higher fees in a few months

[cryptonit]

we still seek more contribution to this project:

DMD Reactor "light"

This need no wallet code change it give the reactor no advantage over normal wallets
it support network with a very big 24/7 staking wallet and it support dmd cloudmining with 70% of its POS earnings
(30% of its pos earnings stay in reactor to slowly increase its size same as all DMD cloudmining investments follow this 70/30 rule)

there are two ways how people can take part at Reactor
both ways and the whole project have to be seens as longterm support of the main stabilisation mechanism
for already big cloudmining shareholders who hold a lot DMD option 1 is ideal

for new (or people without dmd cloudmining shares) investors a 33/33/33 split between
buy DMD for ur wallet
buy dmd for reactor option1
buy DMD for reactor option2 or invest BTC for cloud shares
might be interesting

option 1. contribute

lend dmd for 12 months to reactor and get nothing in return
beside the additional DMD from reactor staking that ur existing dmd cloudmining shares qualify u
(but people who dont lend and have cloudmining shares would profite too from reactor)
at end of 12 months foundation will offer u a bounty to leave them in reactor for other 12 months
or u decide against it and get ur coins back

option 2. invest

ur dmd actual $ value value will be converted into dmd cloud shares 1:1
this dmd u will never get back they stay in reactor forever
but the cloudmining shares u keep and so the dmd cloudmining earnings


both options are not great investment opportunity but supportive act for dmd cloudmining

same in other words:

Option 1 is a joint effort from larger DMD holders to increase minting rewards which ll be distributed to DMD cloud shareholders.
In other words, they voluntarily put their coins into this large minting pot in order for all shareholders to benefit.
This option gives no special benefit to investors, it s just a nice move to support something we all believe in. You get your coins back at the end of the minting period so you basically just lend them.

Option 2 is people using their DMD to buy additional cloud mining shares and these DMD coins used to pay for these shares will again go into large minting pot which will produce additional rewards for all DMD cloud shareholders.

None of these options are obligatory, if you feel you should contribute to DMD community, do it. If not, no problem, we still love you all. ))

------------------------------------

for now we have "lend" coins option 1

30k helmut/cryptonit
10k alex/popshot
2.5k anonymousG
2.5k chilo
1.5k Eliano
5k anonymousA


and invested coins option 2

2.5k anonymousG
1.5k anonymousJ
1.5k big_coins
1k chilo
1k anonymousI
2k anonymousA


--------------------
total 62k


(we only accept coins send to us once its clear we launch it
the trigger value that we make it will be somewhere around 50k but goal still come as close as possible to 100k)

-------------------

thx to all who contribute!

[cryptonit]

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

Join DMD Cloudmining
     -> EARN DMD EACH DAY!
                    
                   YES!

(additional DMD Cloudmining shares qualify for DMD Reactor payouts!

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


What's the best way join into DMD Diamond and DMD Cloudmining?

I suggest split it as follows:

 a) 50% on buying Diamonds directly
 b) 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).

I am not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker or Financial Planner. The Information is provided for information purposes only. The Information is not intended to be and does not constitute financial advice or any other advice, is general in nature and not specific to you. Before using this information to make an investment decision, you should seek the advice of a qualified and registered securities professional and undertake your own due diligence. None of the information is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. DMD Diamond is not a regulated investment vehicle. DMD Diamond, like all crypto currencies, is experimental in nature and should be considered and treated with appropriate caution. There is no central point of control or representative entity, DMD Diamond is a distributed decentralized peer-to-peer currency and commodity. Consult a licensed professional financial advisor before making any investment decisions. I am not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.

[utahjohn]

I give up, in this day and age of computers, complaceny is rampant.  It seems to me when u have a calclulator or computer that a simple math problem where 1.0 - 1% = 0.99 could be solved.  I'm sure both Danbi and Popshot would also say yes the 0.05 foundation fee is not to be taxed but paid direct.  The I don't care attitude doesn't cut it with me, I grew up in a age when the value of a $ was understood.  So go ahead and lose a tiny amount mining at an incorrectly configured pool.  Note I have never discounted Danbi or his pool only informed when problems occured such as frontend down which others can not recognize.  It's not his fault MPOS is broken and pretty much abandoned, same is true of NOMP but at least there is a large user group to patch it up.   

[Tyke]

Hey Diamond community,


Just to make you aware that the book called Cryptocurrency "The Alt-ernative" is now on Amazon.  Diamond is in the book

[pokeytex]

Thank you Hallared/Cryptonit for helping facilitate the transfer of 403 mining shares to me.  Both of you are a trust worthy bunch.  I look forward to my new shares.  Please find the transaction ID below.  Once completed I will leave positive trust feedback for both of you.

Status: 4/unconfirmed, broadcast through 8 nodes
Date: 2/7/2015 16:32
To: 403 Cloud Mining Shares - Hallared - Escrow Cryptonit dJSixQBFqv8D3dGCZmRWMwjzieYEWp2EuV
Debit: -2350.00 DMD
Transaction fee: -0.001 DMD
Net amount: -2350.001 DMD
Transaction comment:
text:403 Cloud Mining Shares - Hallared - Escrow Cryptonit
Transaction ID: b4a731cada47d54a5b82dbe4fb660d857bbcce4f94d6e518658df5edd6d99c29

Cryptonit please transfer 403 cloud mining shares to my address: darrnyqFMDJ13LKbgkkWMbhh7RA3rK5SyF

Thank you,

pokeytex

[utahjohn]

We must not forget the great investor who sold his gold, drove the market price to 0.00078 in a buying frenzy and now sits licking his wounds as the price has normalized. 

[pokeytex]

Cryptonit - for escrowing for me I would like to send you a little tip.  Please post an address or can I use the one I sent hallared's payment to?

[cryptonit]

We must not forget the great investor who sold his gold, drove the market price to 0.00078 in a buying frenzy and now sits licking his wounds as the price has normalized. 

utahjohn i guess u dont care what i would love to see

but in case u do

please try to not attack pools cloud investors reactor contributors devs cats cows and flies

enjoy ur free time as early retired i guess there lot other hobbies u enjoy too beside crypto and special dmd

[utahjohn]

truth = attack?

[pokeytex]

Thank you Hallared/Cryptonit for helping facilitate the transfer of 403 mining shares to me.  Both of you are a trust worthy bunch.  I look forward to my new shares.  Please find the transaction ID below.  Once completed I will leave positive trust feedback for both of you.

Status: 4/unconfirmed, broadcast through 8 nodes
Date: 2/7/2015 16:32
To: 403 Cloud Mining Shares - Hallared - Escrow Cryptonit dJSixQBFqv8D3dGCZmRWMwjzieYEWp2EuV
Debit: -2350.00 DMD
Transaction fee: -0.001 DMD
Net amount: -2350.001 DMD
Transaction comment:
text:403 Cloud Mining Shares - Hallared - Escrow Cryptonit
Transaction ID: b4a731cada47d54a5b82dbe4fb660d857bbcce4f94d6e518658df5edd6d99c29

Cryptonit please transfer 403 cloud mining shares to my address: darrnyqFMDJ13LKbgkkWMbhh7RA3rK5SyF

Thank you,

pokeytex

Positive trust feedback left for both Hallared and Cryptonit - thank you again.

Cryptonit a little something sent to you for your troubles.  Sent to the address used for escrow.  Thanks again.

[miningwife]

We must not forget the great investor who sold his gold, drove the market price to 0.00078 in a buying frenzy and now sits licking his wounds as the price has normalized. 

utahjohn i guess u dont care what i would love to see

but in case u do

please try to not attack pools cloud investors reactor contributors devs cats cows and flies

enjoy ur free time as early retired i guess there lot other hobbies u enjoy too beside crypto and special dmd

Excuse me, you forgot wives 

[pokeytex]

truth = attack?

UtahJohn - I don't usually comment on things like this but I just need to say, it is hard for me to tell if you actually like DMD or not.  Some posts you are so for it and some you are so against it.  Which is it?  I want to listen to what you have to say but then sometimes I want to hit the ignore button.  Are you a proponent of DMD or a fudster?  If a fudster than "ignore" it is.  But it seems you are constantly attacking Cryptonit or Popshot or Danbi or someone.  Please help me understand.  Sometimes you have good input and then I think you are for the coin.  Do you see my dilemma?

pokeytex

[utahjohn]

dFvzWX ... add
-difficulty-multiplier 0.0039062500
to your command line, all your shares are being rejected by pool

[cryptonit]

Excuse me, you forgot wives 

lets never forget the miningwife's

[utahjohn]

truth = attack?

Ok - I don't usually comment on things like this but I just need to say, it is hard for me to tell if you actually like DMD or not.  Some posts you are so for it and some you are so against it.  Which is it?  I want to listen to what you have to say but then sometimes I want to hit the ignore button.  Are you a proponent of DMD or a fudster?  If a fudster than "ignore" it is.  But it seems you are constantly attacking Cryptonit or Popshot or Danbi or someone.  Please help me understand.  Sometimes you have good input and then I think you are for the coin.  Do you see my dilemma?

pokeytex

What do you view as attack? by bringing whatever to light is an attack? Misinterpretation.  Name what u consider attack against any of devs.  Danbi himself replied to pool problems positivly by saying he is happy to see new pools to take load off.  Popshot, when have I "attacked" him my contact toward him is only pool related.  Cryptonit, yes there have been language translation problems and misinterpretaitons in the past.  Examine my wallet and the decide if I am proponent.
I just dislike dishonesty and behind the scenes plans.

[pokeytex]

truth = attack?

Ok - I don't usually comment on things like this but I just need to say, it is hard for me to tell if you actually like DMD or not.  Some posts you are so for it and some you are so against it.  Which is it?  I want to listen to what you have to say but then sometimes I want to hit the ignore button.  Are you a proponent of DMD or a fudster?  If a fudster than "ignore" it is.  But it seems you are constantly attacking Cryptonit or Popshot or Danbi or someone.  Please help me understand.  Sometimes you have good input and then I think you are for the coin.  Do you see my dilemma?

pokeytex

What do you view as attack? by bringing whatever to light is an attack? Misinterpretation.  Name what u consider attack against any of devs.  Danbi himself replied to pool problems positivly by saying he is happy to see new pools to take load off.  Popshot, when have I "attacked" him my contact toward him is only pool related.  Cryptonit, yes there have been language translation problems and misinterpretaitons in the past.  Examine my wallet and the decide if I am proponent.
I just dislike dishonesty and behind the scenes plans.

Ok - I just feel the tone of your posts is sometimes hot and sometimes cold.  So I am just trying to figure it out.  I don't have the time to go back through all of the posts and I am sorry if I am misunderstanding but I have no problem with you.  I am just curious as to where you stand on DMD for or against scenario?  Do you still believe in the coin?  For my own curiosity.  

edit: looked at wallet - that is a healthy amount of DMD - that is good to see.