tanakan
Newbie
Offline
Activity: 23
Merit: 0
|
|
June 28, 2015, 11:37:59 AM |
|
So just a quick question if someone doesn't mind answering for me.... What is the min POS age for DMD before you start receiving rewards?
9 days for coin pile >= 100 DMD 30 days for coin pile <100 DMD (wait until you have enough coin piles with coin sum >= 100DMD) So you need to have at least 100 DMD in your wallet for effective POS. Good luck!
|
|
|
|
NoobKidOnTheBlock
|
|
June 28, 2015, 11:48:30 AM |
|
So just a quick question if someone doesn't mind answering for me.... What is the min POS age for DMD before you start receiving rewards?
9 days for coin pile >= 100 DMD 30 days for coin pile <100 DMD (wait until you have enough coin piles with coin sum >= 100DMD) So you need to have at least 100 DMD in your wallet for effective POS. Good luck! Thanks mate I appreciate that speedy answer to my question Cheers
|
▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ | | ... | ............NoobKidOnThe.BLOCK.....
|
|
|
|
|
tanakan
Newbie
Offline
Activity: 23
Merit: 0
|
|
June 28, 2015, 06:50:22 PM |
|
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 28, 2015, 09:30:11 PM |
|
Welcome back to 300K club! in marketcap we might be close to all time high in value per coin we still far far away so no fear that the upwards trend is in any danger still lot undervalued anything below 0.003 is cheap to buy in anything below 0.005 is to early to cash out a bit of gains and never ever cash out all DMD its a longterm keeper that generate constant interest
|
|
|
|
popshot (OP)
|
|
June 28, 2015, 10:18:40 PM Last edit: June 28, 2015, 10:29:50 PM by popshot |
|
What would be nice for this coin are burn mechanisms What sort of burning have you got in mind? Has this been successfully tested anywhere? Diamond is already too scarce, each coin has value, the idea of disposing coins is causing me goosebumps
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 28, 2015, 10:31:28 PM |
|
What would be nice for this coin are burn mechanisms What sort of burning have you got in mind? Has this been successfully tested anywhere? Diamond is already too scarce, each coin has value, the idea of disposing coins is causing me goosebumps sell a DMD Diamond already burnsit hurts deep inside only desperate need and no other option left could motivate someone to do it burning diamonds a horror vision
|
|
|
|
popshot (OP)
|
|
June 28, 2015, 10:36:29 PM |
|
What would be nice for this coin are burn mechanisms What sort of burning have you got in mind? Has this been successfully tested anywhere? Diamond is already too scarce, each coin has value, the idea of disposing coins is causing me goosebumps Hahahaha. Honestly, it's been done before. Propose a service for which people pay DMD. Burn those DMD. Technically it's doable, but where can you see examples in top 100 where such thing is implemented - not counting Counterparty and such where burning has been used to create tokens. Why burn and not sell.. how would such service generate revenue?
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 28, 2015, 11:04:41 PM |
|
What would be nice for this coin are burn mechanisms What sort of burning have you got in mind? Has this been successfully tested anywhere? Diamond is already too scarce, each coin has value, the idea of disposing coins is causing me goosebumps Hahahaha. Honestly, it's been done before. Propose a service for which people pay DMD. Burn those DMD. Technically it's doable, but where can you see examples in top 100 where such thing is implemented - not counting Counterparty and such where burning has been used to create tokens. Why burn and not sell.. how would such service generate revenue? Less supply = more scarcity, higher price. we have a maximum of 4.3 million DMD that will be reached in around 30 years thats rare enough people have already troubles to get some DMD cryptsy and bittrex orderbooks run dry only few hundred DMD buyable without big price raise but yes once close to reach maximum coins a burn coin mechanism can be a way to keep 1% POS and low POW rewards (or some follow up rollout mechanism of POW) going now lets use the next 25 years to think about this because faster we dont need it
|
|
|
|
big_coins
|
|
June 29, 2015, 05:53:17 AM |
|
So just a quick question if someone doesn't mind answering for me.... What is the min POS age for DMD before you start receiving rewards?
9 days for coin pile >= 100 DMD 30 days for coin pile <100 DMD (wait until you have enough coin piles with coin sum >= 100DMD) So you need to have at least 100 DMD in your wallet for effective POS. Good luck! Thanks mate I appreciate that speedy answer to my question Cheers you can lump them up into 1 big pile as that helps. Just send your balance to yourself (your own wallet receipt address).
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 29, 2015, 07:06:42 AM Last edit: June 29, 2015, 08:13:46 AM by cryptonit |
|
So just a quick question if someone doesn't mind answering for me.... What is the min POS age for DMD before you start receiving rewards?
9 days for coin pile >= 100 DMD 30 days for coin pile <100 DMD (wait until you have enough coin piles with coin sum >= 100DMD) So you need to have at least 100 DMD in your wallet for effective POS. Good luck! Thanks mate I appreciate that speedy answer to my question Cheers you can lump them up into 1 big pile as that helps. Just send your balance to yourself (your own wallet receipt address). but u need to understand even a transaction to urself reset the coin-age if u want to follow this path of merge all coins together and dont use the wallet for outgoing transactions then i suggest merge them together once and then make sure u always wait 30+ days before open wallet in minting mode this way the coin pile will never split for any major DMD owner (10000+ coins) i request to consider not follow this path and instead have a 24/7 staking wallet this way u help protecting the network and serve the coin like everything in life its "give and take" and be a active node is the only thing the network request in return for the great POS earnings u get with DMD DIamond
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 29, 2015, 09:17:59 AM |
|
up to 0.00120 cryptsy have less that 750 DMD in sellorderbook its very hard to get bigger amounts of DMD in hands this days without upwards price impact we have to accept that supply and demand have to react with a increasing price on this situation even we try to grow slow in value we cant ignorre the mechanics of market so expect a phase with faster value gains until first weak hands are willing to sell DMD again
|
|
|
|
popshot (OP)
|
|
June 29, 2015, 10:40:32 AM |
|
even we try to grow slow in value we cant ignorre the mechanics of market so expect a phase with faster value gains until first weak hands are willing to sell DMD again
I think in the current situation the term 'weak hands' has a very positive meaning. Without those unsung heroes we'll have some rapid price growth which might not be sustainable. But of course if that's what the market wants it will get it.
|
|
|
|
NoobKidOnTheBlock
|
|
June 29, 2015, 11:04:53 AM |
|
Anyone got a working .conf file for the latest DMD wallet? I've only got like 5 years doing it so I'm still a novice
|
▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ | | ... | ............NoobKidOnThe.BLOCK.....
|
|
|
|
|
chilo
|
|
June 29, 2015, 11:19:37 AM |
|
Anyone got a working .conf file for the latest DMD wallet? I've only got like 5 years doing it so I'm still a novice Hi No .conf file required for latest wallet, permanent nodes are built in. Just load and allow to sync automatically. Regards chilo
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 29, 2015, 11:26:13 AM |
|
even we try to grow slow in value we cant ignorre the mechanics of market so expect a phase with faster value gains until first weak hands are willing to sell DMD again
I think in the current situation the term 'weak hands' has a very positive meaning. Without those unsung heroes we'll have some rapid price growth which might not be sustainable. But of course if that's what the market wants it will get it. u know what i mean weak hand in the sence that even a "only" 100-200% value gain is motivating them to cash out i agree without this dudes noone would be able buy DMD lets praise the weak hands and the dmd rain they spend sometimes for us who are diamonds-dirsty in case u have the feeling its time to stop being a weak hand try this:
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 29, 2015, 11:32:12 AM |
|
Anyone got a working .conf file for the latest DMD wallet? I've only got like 5 years doing it so I'm still a novice Hi No .conf file required for latest wallet, permanent nodes are built in. Just load and allow to sync automatically. Regards chilo as chilo said basical no conf file needed since 2.0.5.7 in case u need a conf file (example solo mining or other usecase which need some settings in conf) u can use this nodes: logtimestamps=1 listen=1 noirc=1 addnode=193.68.21.19 addnode=54.191.208.14 addnode=54.255.133.30 addnode=54.86.164.216 addnode=167.114.184.20 addnode=37.187.176.193 #community nodes 2015.05.03 addnode=93.89.139.77 addnode=213.229.0.41 addnode=193.136.96.30 addnode=193.136.97.30 addnode=169.53.162.84
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 29, 2015, 12:16:26 PM |
|
10.september 2014 29.june 2015 really no more promotion required just show this facts DMD/USD 0.0685 -> 0.2731+398% DMD/BTC 0.00014 -> 0.00108 +771%
|
|
|
|
big_coins
|
|
June 29, 2015, 12:19:58 PM |
|
i think the POS should be fixed back to the orginval 3 days instead of 9. Maybe then people would offload more ?
|
|
|
|
NoobKidOnTheBlock
|
|
June 29, 2015, 12:27:07 PM |
|
Okay guys I've downloaded the new wallet and the latest blockchain from the OP and I still get 0 connections right now for my wallet? Any ideas what I can do to fix that?
|
▇ ▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ | | ... | ............NoobKidOnThe.BLOCK.....
|
|
|
|
|
cryptonit
Legendary
Offline
Activity: 3052
Merit: 1053
bit.diamonds | uNiq.diamonds
|
|
June 29, 2015, 12:34:07 PM |
|
i think the POS should be fixed back to the orginval 3 days instead of 9. Maybe then people would offload more ?
original was 7 days 3 days was just because we did fear the transition into 6x faster POS but as we did all see the transition did go smooth even with effective 9 days min age for POS so no more need for this 3 days and as explained already we did discuss it and decide against a mandatory wallet release for something that is not broken from security aspect the ratio min age to max age is better when higher in well established networks with lot participants our 9:30 is a perfect value this together with our hybrid POW/POS security give us a great network security
|
|
|
|
|