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

[Rumhurius]

Does diamond do masternode shares?

Yes, we will have 35% POS and 65% Masternode



1 Masternode (10.000 DMD) will bring to its owner ~ 9 DMD daily income.
All this is described in White Paper https://bit.diamonds/DMD_WP_1.0.pdf

savage stuff and that will outperform a lot of dayjobs for true believers of DMD.
Me included.
Awesomesauce bois.

[Bigbobbasher]

So what happens when maaternodes are full? Will that mean pos and nodes generate same coins?

[shveicar]

So what happens when maaternodes are full? Will that mean pos and nodes generate same coins?

If you have 10k DMD then you can always choose in which mode your node will work.
This can be either Masternode or POS minting (but not at the same time).
The choice will be determined by the current award level for POS or MN.
As you see the image above, MN will have an advantage in income before POS.
If the number of active MNs in the network is 100, then you will receive an income of ~ 9 DMD per day (for one MN).

[davembg]

So what happens when maaternodes are full? Will that mean pos and nodes generate same coins?

If you have 10k DMD then you can always choose in which mode your node will work.
This can be either Masternode or POS minting (but not at the same time).
The choice will be determined by the current award level for POS or MN.
As you see the image above, MN will have an advantage in income before POS.
If the number of active MNs in the network is 100, then you will receive an income of ~ 9 DMD per day (for one MN).

There should be >100 MNs pretty quickly - within 6 months.
So, at current market rates - $35,100 USD for 10,000 DMD should return ~$11,530 USD.
That raises the "staking" for the DMD richlisters to almost 33%.

I'm curious what/how the rest of DMD holders will benefit from DMD3?
Right now, PoS for DMD2 is 25% for everyone (as specified without Reactor, StakeBoost, etc).
I'm hoping that will NOT change significantly - otherwise the majority of DMD holders may decide to dump.

[shveicar]

So what happens when maaternodes are full? Will that mean pos and nodes generate same coins?

If you have 10k DMD then you can always choose in which mode your node will work.
This can be either Masternode or POS minting (but not at the same time).
The choice will be determined by the current award level for POS or MN.
As you see the image above, MN will have an advantage in income before POS.
If the number of active MNs in the network is 100, then you will receive an income of ~ 9 DMD per day (for one MN).

There should be >100 MNs pretty quickly - within 6 months.
So, at current market rates - $35,100 USD for 10,000 DMD should return ~$11,530 USD.
That raises the "staking" for the DMD richlisters to almost 33%.

I'm curious what/how the rest of DMD holders will benefit from DMD3?
Right now, PoS for DMD2 is 25% for everyone (as specified without Reactor, StakeBoost, etc).
I'm hoping that will NOT change significantly - otherwise the majority of DMD holders may decide to dump.

We have big plans to launch several services for DMD in 2018.
So this is not just a coin for wealthy people (although this statement is also true) 

[cryptonit]

So what happens when maaternodes are full? Will that mean pos and nodes generate same coins?

If you have 10k DMD then you can always choose in which mode your node will work.
This can be either Masternode or POS minting (but not at the same time).
The choice will be determined by the current award level for POS or MN.
As you see the image above, MN will have an advantage in income before POS.
If the number of active MNs in the network is 100, then you will receive an income of ~ 9 DMD per day (for one MN).

There should be >100 MNs pretty quickly - within 6 months.
So, at current market rates - $35,100 USD for 10,000 DMD should return ~$11,530 USD.
That raises the "staking" for the DMD richlisters to almost 33%.

I'm curious what/how the rest of DMD holders will benefit from DMD3?
Right now, PoS for DMD2 is 25% for everyone (as specified without Reactor, StakeBoost, etc).
I'm hoping that will NOT change significantly - otherwise the majority of DMD holders may decide to dump.

We have big plans to launch several services for DMD in 2018.
So this is not just a coin for wealthy people (although this statement is also true) 

u can expect pos to earn active participants also more than previous 25%
codeword ^active^

only passive a few time a year staker will suffer

but they can adapt to new enviroment and earn same as all others

regarding masternodes more rewarding thant pos

thats a normal risc vs reward ruleset

who expose his crypto portfolio to add 10000 20000 or 30000 dmd to his portfolio
and as such take higher risc

deserve higher rewards

everyone can take this desicion on his own

in my oppionion we will see a great rush on dmd to fill masternodes
when dmd v3 is released

this too follow risc vs reward

who fill his masternodes now trust in our witepaper and our words
who fill later do it based of facts and a released wallet

higher risc (early buy dmd) is rewarded with cheaper buy price most likely

[cryptonit]

Hello community

We would like to give some update on the development and incoming release.
DMD Diamond 3.0 (whitepaper https://bit.diamonds/DMD_WP_1.0.pdf )
is a very important update, a cornerstone of future releases and we want it to be done just perfectly.

We have made several alpha builds that had been thoroughly tested and everything seems to work seamlessly,
however, with each build we fine tune fundamental parameters of economic model of Diamond. This has to be tested extensively
so you get a great looking wallet, the most user friendly PoS mechanics out there that just works out of the box fully automated
and of course the best Masternode setup that is able to handle network duties and reward holders accordingly.
In software development dates are your worst enemy; they can easily introduce mistakes, promote omitting stuff and using shortcuts,
just to stick to an artificial deadline. We want none of that to happen that’s why the exact dates are never given;
our aim can be nothing less than the best possible Masternode coin.

The initial release was aimed for late August but it seems we need a few more weeks of work on it so the software can be expected mid-September.
However, it’s important to note that DMD Diamond 2.0 has been running smoothly and with great stability for years so a few extra weeks of fine tuning
and improving zero micromanagement Poof of Stake and other user convenience features are sure worth the wait.

In August we will start inviting people to our Diamond 3.0 test network so that anyone who wants to try out the system
and learn how to create Masternodes or see how automatic coin management behaves will be able to join in.

People who are willing to write guides can apply for an invite – there are bounties available for your work!

[tehMoonwalker]

Hello community

We would like to give some update on the development and incoming release.
DMD Diamond 3.0 is a very important update, a cornerstone of future releases and we want it to be done just perfectly.

We have made several alpha builds that had been thoroughly tested and everything seems to work seamlessly,
however, with each build we fine tune fundamental parameters of economic model of Diamond. This has to be tested extensively
so you get a great looking wallet, the most user friendly PoS mechanics out there that just works out of the box fully automated
and of course the best Masternode setup that is able to handle network duties and reward holders accordingly.
In software development dates are your worst enemy; they can easily introduce mistakes, promote omitting stuff and using shortcuts,
just to stick to an artificial deadline. We want none of that to happen that’s why the exact dates are never given;
our aim can be nothing less than the best possible Masternode coin.

The initial release was aimed for late August but it seems we need a few more weeks of work on it so the software can be expected mid-September.
However, it’s important to note that DMD Diamond 2.0 has been running smoothly and with great stability for years so a few extra weeks of fine tuning
and improving zero micromanagement Poof of Stake and other user convenience features are sure worth the wait.

In August we will start inviting people to our Diamond 3.0 test network so that anyone who wants to try out the system
and learn how to create Masternodes or see how automatic coin management behaves will be able to join in.

People who are willing to write guides can apply for an invite – there are bounties available for your work!

damn too much good news! and too little acu time!! you guys where right :S

i need more DMD !!!

[cryptonit]

[bgibso01]

Is there a tutorial to setup masternode on amazon VPS  for windows?

also how much can i expect to earn if i plan to run 24/7

[Bigbobbasher]

So what happens when maaternodes are full? Will that mean pos and nodes generate same coins?

If you have 10k DMD then you can always choose in which mode your node will work.
This can be either Masternode or POS minting (but not at the same time).
The choice will be determined by the current award level for POS or MN.
As you see the image above, MN will have an advantage in income before POS.
If the number of active MNs in the network is 100, then you will receive an income of ~ 9 DMD per day (for one MN).

Thx man. Watching market closely, especially btc to figure out what best to do with excess funds at the moment!

[YGung]

New to diamond...

So I downloaded diamondqt GUI wallet from OP and installed it, fully sync'd the blockchain, encrypted the wallet, and unlocked it.  I was never given any private/public keys during the process though; how do I obtain these keys?

[coinedabit]

New to diamond...

So I downloaded diamondqt GUI wallet from OP and installed it, fully sync'd the blockchain, encrypted the wallet, and unlocked it.  I was never given any private/public keys during the process though; how do I obtain these keys?

Go to debug console in the help drop down menu. Then type help in the box at the bottom

[shveicar]

New to diamond...

So I downloaded diamondqt GUI wallet from OP and installed it, fully sync'd the blockchain, encrypted the wallet, and unlocked it.  I was never given any private/public keys during the process though; how do I obtain these keys?

If you want to export your private key, then you should first completely (not only for mininng) unlock your wallet.
After this go to the console and run the command:

Code:

dumpprivkey <You DMD wallet adress>

The quotes (<>) are unnecessary! and copy the received private key.

But it's much more convenient and safer to keep a copy of the encrypted file wallet.dat.
Just copy this file when your wallet is off and save it on a safe medium (USB removable disk or USB flash drive)

To make sure that your copy of the wallet.dat file is fully functional, you can run a new DMD wallet with another location in the Diamond folder not

Code:

C:\Users\user Name\AppData\Roaming\Diamond

and put your copy of the file wallet.dat there.

To quickly change the location of the Diamond folder, I recommend to use this description for convenience.
If your copy is fully functional, then you will see in your new wallet your balance  
To verify the correctness of the password in you backup wallet.dat file, just try to unlock your wallet in the mode "for mining only"

P.s
Added this question and answer to the page https://diamond-info.github.io/dmd_info.html

[cryptonit]

Is there a tutorial to setup masternode on amazon VPS  for windows?

also how much can i expect to earn if i plan to run 24/7

guides for windows will be there at release

i see no difference between a windows and a amazon VPS windows

[TimC]

Hello community

We would like to give some update on the development and incoming release.
DMD Diamond 3.0 is a very important update, a cornerstone of future releases and we want it to be done just perfectly.

We have made several alpha builds that had been thoroughly tested and everything seems to work seamlessly,
however, with each build we fine tune fundamental parameters of economic model of Diamond. This has to be tested extensively
so you get a great looking wallet, the most user friendly PoS mechanics out there that just works out of the box fully automated
and of course the best Masternode setup that is able to handle network duties and reward holders accordingly.
In software development dates are your worst enemy; they can easily introduce mistakes, promote omitting stuff and using shortcuts,
just to stick to an artificial deadline. We want none of that to happen that’s why the exact dates are never given;
our aim can be nothing less than the best possible Masternode coin.

The initial release was aimed for late August but it seems we need a few more weeks of work on it so the software can be expected mid-September.
However, it’s important to note that DMD Diamond 2.0 has been running smoothly and with great stability for years so a few extra weeks of fine tuning
and improving zero micromanagement Poof of Stake and other user convenience features are sure worth the wait.

In August we will start inviting people to our Diamond 3.0 test network so that anyone who wants to try out the system
and learn how to create Masternodes or see how automatic coin management behaves will be able to join in.

People who are willing to write guides can apply for an invite – there are bounties available for your work!

Looking forward to the wallet updated and running a DMD master node.

[M1ST3R]

Hello community

We would like to give some update on the development and incoming release.
DMD Diamond 3.0 (whitepaper https://bit.diamonds/DMD_WP_1.0.pdf )
is a very important update, a cornerstone of future releases and we want it to be done just perfectly.

We have made several alpha builds that had been thoroughly tested and everything seems to work seamlessly,
however, with each build we fine tune fundamental parameters of economic model of Diamond. This has to be tested extensively
so you get a great looking wallet, the most user friendly PoS mechanics out there that just works out of the box fully automated
and of course the best Masternode setup that is able to handle network duties and reward holders accordingly.
In software development dates are your worst enemy; they can easily introduce mistakes, promote omitting stuff and using shortcuts,
just to stick to an artificial deadline. We want none of that to happen that’s why the exact dates are never given;
our aim can be nothing less than the best possible Masternode coin.

The initial release was aimed for late August but it seems we need a few more weeks of work on it so the software can be expected mid-September.
However, it’s important to note that DMD Diamond 2.0 has been running smoothly and with great stability for years so a few extra weeks of fine tuning
and improving zero micromanagement Poof of Stake and other user convenience features are sure worth the wait.

In August we will start inviting people to our Diamond 3.0 test network so that anyone who wants to try out the system
and learn how to create Masternodes or see how automatic coin management behaves will be able to join in.

People who are willing to write guides can apply for an invite – there are bounties available for your work!

Please do take all the time to polish and shine DMD 3.0 -- we do not want to have another DMD 2.102 fiasco

[shveicar]

Hello community

We would like to give some update on the development and incoming release.
DMD Diamond 3.0 (whitepaper https://bit.diamonds/DMD_WP_1.0.pdf )
is a very important update, a cornerstone of future releases and we want it to be done just perfectly.

We have made several alpha builds that had been thoroughly tested and everything seems to work seamlessly,
however, with each build we fine tune fundamental parameters of economic model of Diamond. This has to be tested extensively
so you get a great looking wallet, the most user friendly PoS mechanics out there that just works out of the box fully automated
and of course the best Masternode setup that is able to handle network duties and reward holders accordingly.
In software development dates are your worst enemy; they can easily introduce mistakes, promote omitting stuff and using shortcuts,
just to stick to an artificial deadline. We want none of that to happen that’s why the exact dates are never given;
our aim can be nothing less than the best possible Masternode coin.

The initial release was aimed for late August but it seems we need a few more weeks of work on it so the software can be expected mid-September.
However, it’s important to note that DMD Diamond 2.0 has been running smoothly and with great stability for years so a few extra weeks of fine tuning
and improving zero micromanagement Poof of Stake and other user convenience features are sure worth the wait.

In August we will start inviting people to our Diamond 3.0 test network so that anyone who wants to try out the system
and learn how to create Masternodes or see how automatic coin management behaves will be able to join in.

People who are willing to write guides can apply for an invite – there are bounties available for your work!

Please do take all the time to polish and shine DMD 3.0 -- we do not want to have another DMD 2.102 fiasco

That's why this decision was made.
It's best to check everything attentively and carefully before publishing a version in which there may be errors.

[mt55]

Is there a tutorial to setup masternode on amazon VPS  for windows?

also how much can i expect to earn if i plan to run 24/7

guides for windows will be there at release

i see no difference between a windows and a amazon VPS windows

When is the release going to be?

[cryptonit]

When is the release going to be?

https://bitcointalk.org/index.php?topic=580725.msg20470549#msg20470549