danbi
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January 04, 2015, 06:52:51 PM |
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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.
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BTC: 15cJkRupKAkGr6sTxj1Uzb6uHbvuRyK1GL DMD: dJZEqNcjiUiMMd8DKBFS9oMWtArAD2GCHr
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cryptonit
Legendary
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Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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January 04, 2015, 11:50:52 PM |
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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
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cryptonit
Legendary
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Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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January 05, 2015, 12:00:22 AM Last edit: January 05, 2015, 12:27:59 AM by cryptonit |
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who own a linkedin account and didnt connect to me do that please https://www.linkedin.com/pub/helmut-siedl/92/460/586and 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/b03and 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
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echo00114
Member
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Activity: 72
Merit: 10
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January 05, 2015, 09:21:48 AM |
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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
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cryptonit
Legendary
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Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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January 05, 2015, 01:53:17 PM |
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hello danbi correct send my "lost" coin and phool working again normaly thanx again great news bulgarian diamonds shine brighter than ever before
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pallas
Legendary
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Activity: 2716
Merit: 1094
Black Belt Developer
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January 05, 2015, 01:57:20 PM |
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Great to see Danbi back at crafting diamonds: I must admit I was afraid ;-)
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vegasguy
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Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
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January 05, 2015, 03:41:45 PM |
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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
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I want to make sure everyone knows that I just released my software called "Yobit pump alert". THis is custom software that uses an algo to detect the start of a pump here on yobit, the second it starts. YOu can even filter the coins you see by price. Most pumps start less than 100 sats , so you can easily filter the cheap coins, so they are the only ones displayed https://bitcointalk.org/index.php?topic=1945937.msg20241953#msg20241953
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hallared
Full Member
Offline
Activity: 150
Merit: 101
The hen or the egg
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January 05, 2015, 08:28:21 PM |
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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
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Star65
Member
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Activity: 109
Merit: 13
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January 05, 2015, 10:13:56 PM |
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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.
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cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
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January 06, 2015, 01:39:09 AM |
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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!
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forbesmining
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January 06, 2015, 01:42:44 AM |
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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.
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iCEBREAKER
Legendary
Offline
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
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January 06, 2015, 07:11:09 AM |
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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.
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██████████ ██████████████████ ██████████████████████ ██████████████████████████ ████████████████████████████ ██████████████████████████████ ████████████████████████████████ ████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ██████████████████████████████████ ████████████████████████████████ ██████████████ ██████████████ ████████████████████████████ ██████████████████████████ ██████████████████████ ██████████████████ ██████████ Monero
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| "The difference between bad and well-developed digital cash will determine whether we have a dictatorship or a real democracy." David Chaum 1996 "Fungibility provides privacy as a side effect." Adam Back 2014
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Mister1k
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January 06, 2015, 09:55:30 AM |
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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.
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stillontop
Member
Offline
Activity: 134
Merit: 12
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January 06, 2015, 01:26:54 PM |
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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.
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DMD-Address: dQxRzzz1Ae8J46V7KGhvSrbngTodtp5fp7
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reftop123
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January 06, 2015, 03:41:21 PM |
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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.
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popshot (OP)
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January 06, 2015, 04:30:24 PM |
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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.
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popshot (OP)
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January 06, 2015, 05:06:40 PM Last edit: January 06, 2015, 05:21:32 PM by popshot |
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Press release Community initiative
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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.
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