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Author Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos  (Read 1484198 times)
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Grifftech2k4
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June 27, 2014, 10:55:31 PM
 #10481

II am liking that my GPUs are not burning up and that my wife .....



^this.  20 minutes after switching from scrypt to x11 my room got cooler and my rig is just humming along low and cool.



my room runs about 15 degrees cooler
wevus
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June 27, 2014, 10:57:23 PM
 #10482

I am getting this with 4 x 7950 using sgminer :XWKG9meceCbUdJhnwoWXBzksGqbY9ACRgc   5.37 MH   100%

I have never mined X11 before but I am liking that my GPUs are not burning up and that my wife is not yelling at me asking why the fuse blows when she uses the hair dryer. 

Dam Scrypt kills GPUs eh ?  X11 >


27.35 MH 10 7870s gigabyte ghz edition x11

XChat: XQ6YhjRgXHuZKPwDTps6J6i8mwdYnXYdtY
Donatations for the starving pigmies: XC XSoc3Eb7u2EwMaqV6jYChHrhdDvtZp6Cap
BTC 1ALk4YtmNTLwAvPZszQvrNwmrUBSUPXNKr
bitcad4u
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June 27, 2014, 10:57:35 PM
 #10483

I am getting this with 4 x 7950 using sgminer :XWKG9meceCbUdJhnwoWXBzksGqbY9ACRgc   5.37 MH   100%

I have never mined X11 before but I am liking that my GPUs are not burning up and that my wife is not yelling at me asking why the fuse blows when she uses the hair dryer.  

Dam Scrypt kills GPUs eh ?  X11 >



w8 half an hour for pool to detect ur true rate. I think your rate is super low for now, my 5850 does 1mh on x11. You need to tweak ur settings if this stays as it is


edit: w8, u mean u didnt mine xc with 4x7950? Oh my, Id be FURIOUS were it me!

says here for my card what I should expect... so I would say I am slightly above average.. http://wiki.darkcoin.eu/wiki/Mining_Darkcoin
policymaker
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June 27, 2014, 11:01:51 PM
 #10484

I am getting this with 4 x 7950 using sgminer :XWKG9meceCbUdJhnwoWXBzksGqbY9ACRgc   5.37 MH   100%

I have never mined X11 before but I am liking that my GPUs are not burning up and that my wife is not yelling at me asking why the fuse blows when she uses the hair dryer.  

Dam Scrypt kills GPUs eh ?  X11 >



w8 half an hour for pool to detect ur true rate. I think your rate is super low for now, my 5850 does 1mh on x11. You need to tweak ur settings if this stays as it is


edit: w8, u mean u didnt mine xc with 4x7950? Oh my, Id be FURIOUS were it me!

says here for my card what I should expect... so I would say I am slightly above average.. http://wiki.darkcoin.eu/wiki/Mining_Darkcoin
well if pool made it to 6,8 then I guess ur OK

im so jealous of u guys, here in Greece its just unrealistic to mine around this time of year. 80c with 68%fan :/

XCurrency Price Speculation Topic
Coin Control Basic guide                                                                XChat address/private/instant/absolute: XSKu1fpwvRcAekfK91qVHi51Tgz4ckoA91
XChat public key: zcfx74j4fFK9hW7rQniTvLyDyXd9SyRCrncP9vdukbVT
Driv3n
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June 27, 2014, 11:12:01 PM
 #10485


Teka thanks for posting this, it's great to know there are so many coders helping Dan on all the XC updates.
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June 27, 2014, 11:12:31 PM
 #10486

I am getting this with 4 x 7950 using sgminer :XWKG9meceCbUdJhnwoWXBzksGqbY9ACRgc   5.37 MH   100%

I have never mined X11 before but I am liking that my GPUs are not burning up and that my wife is not yelling at me asking why the fuse blows when she uses the hair dryer.  

Dam Scrypt kills GPUs eh ?  X11 >



w8 half an hour for pool to detect ur true rate. I think your rate is super low for now, my 5850 does 1mh on x11. You need to tweak ur settings if this stays as it is


edit: w8, u mean u didnt mine xc with 4x7950? Oh my, Id be FURIOUS were it me!

says here for my card what I should expect... so I would say I am slightly above average.. http://wiki.darkcoin.eu/wiki/Mining_Darkcoin

I'm actually getting 3.5 MH from each 7950 with newer "sgminer 14.6". https://bitcointalk.org/index.php?topic=658411.0

With bat file:
timeout /t 20
set GPU_MAX_ALLOC_PERCENT=100
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
timeout /t 5
C:\sgminer_14.6\sgminer.exe -k x11mod --lookup-gap 2 --thread-concurrency 8192 -g 2 -w 128 --xintensity 120 --gpu-engine 975 --gpu-memclock
1300 --temp-target 72 --auto-fan -o stratum+tcp:// -u  -p x --temp-cutoff 90
pratico
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June 27, 2014, 11:14:37 PM
 #10487


Some very interesting information there... from both Dev + community...

Especially noted was this comment:

"I know Dr. Zach Harris personally (http://www.wired.com/2012/10/dkim-vulnerability-widespread/). He is a PhD Mathematician + Experienced Secure Code Analyst. I will ask him to check XC's code when atcsecure feels it is ready. Analyzing custom cryptography for any/all issues is Dr. Harris' area of expertise. And yes, this will be huge for XC from both security & marketing perspectives."

Seems like a pretty huge deal...

https://i.imgur.com/JtPNrTT.gif
bitcad4u
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June 27, 2014, 11:17:49 PM
 #10488

I am getting this with 4 x 7950 using sgminer :XWKG9meceCbUdJhnwoWXBzksGqbY9ACRgc   5.37 MH   100%

I have never mined X11 before but I am liking that my GPUs are not burning up and that my wife is not yelling at me asking why the fuse blows when she uses the hair dryer.  

Dam Scrypt kills GPUs eh ?  X11 >



w8 half an hour for pool to detect ur true rate. I think your rate is super low for now, my 5850 does 1mh on x11. You need to tweak ur settings if this stays as it is


edit: w8, u mean u didnt mine xc with 4x7950? Oh my, Id be FURIOUS were it me!

says here for my card what I should expect... so I would say I am slightly above average.. http://wiki.darkcoin.eu/wiki/Mining_Darkcoin

I'm actually getting 3.5 MH from each 7950 with newer "sgminer 14.6". https://bitcointalk.org/index.php?topic=658411.0

With bat file:
timeout /t 20
set GPU_MAX_ALLOC_PERCENT=100
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
timeout /t 5
C:\sgminer_14.6\sgminer.exe -k x11mod --lookup-gap 2 --thread-concurrency 8192 -g 2 -w 128 --xintensity 120 --gpu-engine 975 --gpu-memclock
1300 --temp-target 72 --auto-fan -o stratum+tcp:// -u  -p x --temp-cutoff 90


thanks herby..what cards u have specifically?  mine are sapphire HD 7950s the oc verisons..
policymaker
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June 27, 2014, 11:19:26 PM
 #10489


Some very interesting information there... from both Dev + community...

Especially noted was this comment:

"I know Dr. Zach Harris personally (http://www.wired.com/2012/10/dkim-vulnerability-widespread/). He is a PhD Mathematician + Experienced Secure Code Analyst. I will ask him to check XC's code when atcsecure feels it is ready. Analyzing custom cryptography for any/all issues is Dr. Harris' area of expertise. And yes, this will be huge for XC from both security & marketing perspectives."

Seems like a pretty huge deal...



I think I was the first to post this pic in here. I always giggle with this. ALWAYS!

XCurrency Price Speculation Topic
Coin Control Basic guide                                                                XChat address/private/instant/absolute: XSKu1fpwvRcAekfK91qVHi51Tgz4ckoA91
XChat public key: zcfx74j4fFK9hW7rQniTvLyDyXd9SyRCrncP9vdukbVT
Herbix
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June 27, 2014, 11:26:20 PM
 #10490

I am getting this with 4 x 7950 using sgminer :XWKG9meceCbUdJhnwoWXBzksGqbY9ACRgc   5.37 MH   100%

I have never mined X11 before but I am liking that my GPUs are not burning up and that my wife is not yelling at me asking why the fuse blows when she uses the hair dryer.  

Dam Scrypt kills GPUs eh ?  X11 >



w8 half an hour for pool to detect ur true rate. I think your rate is super low for now, my 5850 does 1mh on x11. You need to tweak ur settings if this stays as it is


edit: w8, u mean u didnt mine xc with 4x7950? Oh my, Id be FURIOUS were it me!

says here for my card what I should expect... so I would say I am slightly above average.. http://wiki.darkcoin.eu/wiki/Mining_Darkcoin

I'm actually getting 3.5 MH from each 7950 with newer "sgminer 14.6". https://bitcointalk.org/index.php?topic=658411.0

With bat file:
timeout /t 20
set GPU_MAX_ALLOC_PERCENT=100
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
timeout /t 5
C:\sgminer_14.6\sgminer.exe -k x11mod --lookup-gap 2 --thread-concurrency 8192 -g 2 -w 128 --xintensity 120 --gpu-engine 975 --gpu-memclock
1300 --temp-target 72 --auto-fan -o stratum+tcp:// -u  -p x --temp-cutoff 90


thanks herby..what cards u have specifically?  mine are sapphire HD 7950s the oc verisons..

These: http://www.sapphiretech.com/presentation/product/?cid=1&gid=3&sgid=1157&pid=1841&lid=1

I'm running them undervolted as Sapphire's newer batches had crappy VRM's. I tried to push clocks a bit higher but these values seem to be very stable and cool.
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June 27, 2014, 11:28:54 PM
 #10491

Interesting post from the AMA:

Q:
Quote
I guess I'm curious how many full time coders XC has? Is it only atcsecure and jasinlee right now? So, 2?
And, are any steps being taken to recruit coders? (I am assuming the more coders, the better)
**edit - I guess I meant coders working full-time on wallet tech (ie- REV2 / REV3 / EM / etc)

A:
Quote
Well it depends how you define coders. If you are talking about full time core development then 5. However there is also coders working on other projects like multipool, i'm working on merch store in spare time etc

To further break this down: 2 on Xnode, 2 on EMs/Ec and 1 on QT.

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.
 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
bitcad4u
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June 27, 2014, 11:35:07 PM
 #10492

I am getting this with 4 x 7950 using sgminer :XWKG9meceCbUdJhnwoWXBzksGqbY9ACRgc   5.37 MH   100%

I have never mined X11 before but I am liking that my GPUs are not burning up and that my wife is not yelling at me asking why the fuse blows when she uses the hair dryer.  

Dam Scrypt kills GPUs eh ?  X11 >



w8 half an hour for pool to detect ur true rate. I think your rate is super low for now, my 5850 does 1mh on x11. You need to tweak ur settings if this stays as it is


edit: w8, u mean u didnt mine xc with 4x7950? Oh my, Id be FURIOUS were it me!

says here for my card what I should expect... so I would say I am slightly above average.. http://wiki.darkcoin.eu/wiki/Mining_Darkcoin

I'm actually getting 3.5 MH from each 7950 with newer "sgminer 14.6". https://bitcointalk.org/index.php?topic=658411.0

With bat file:
timeout /t 20
set GPU_MAX_ALLOC_PERCENT=100
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
timeout /t 5
C:\sgminer_14.6\sgminer.exe -k x11mod --lookup-gap 2 --thread-concurrency 8192 -g 2 -w 128 --xintensity 120 --gpu-engine 975 --gpu-memclock
1300 --temp-target 72 --auto-fan -o stratum+tcp:// -u  -p x --temp-cutoff 90


thanks herby..what cards u have specifically?  mine are sapphire HD 7950s the oc verisons..

These: http://www.sapphiretech.com/presentation/product/?cid=1&gid=3&sgid=1157&pid=1841&lid=1

I'm running them undervolted as Sapphire's newer batches had crappy VRM's. I tried to push clocks a bit higher but these values seem to be very stable and cool.

i got the samecards...cool bro
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June 27, 2014, 11:42:33 PM
Last edit: June 28, 2014, 12:16:43 AM by Aderks
 #10493

For anyone having troubles with mining.

AMD GPU Windows Mining:

Step 1: Download the XC Wallet and have your wallet address ready. http://xc-official.com/downloads.html

Step 2: Download the sgminer_x11mod. https://bitcointalk.org/index.php?topic=623409.0
           Or the direct download link for the newest miner: https://www.dropbox.com/s/sodbzky1e3p2d32/sgminer_x11x13mod_03_06_2014.zip

Step 3: Unzip the miner somewhere on your computer.

Step 4: Open up Notepad and copy the following into notepad:


setx GPU_MAX_ALLOC_PERCENT 100
color 04
sgminer -k x11mod -o stratum+tcp://stratum.hashevolved.com:5555 -u XW3ftzWsDCcrFSUxsepkE6XY4R274tgfwh -p x --intensity 18 --worksize 256 -g 2 --thread-concurrency 8192


Save this notepad file where you unzipped your miner. Save it as anything you want but make sure to type “.bat” at the end of it. For example “XCmpool.bat”

This will mine on the XC multipool. Change the address I posted above to your address or you will be mining for me. The password can be anything you please. You will have to mess around with the  other settings for it to work properly with your GPU.

With those settings on a ASUS 7870 I get ~1.860Mhash and on intensity 12 I get ~1.3MH.


Step 5: If you want you can download MSI Afterburner to further watch and tweak your GPU settings.

Step 6: Double click the “.bat” file you created. It may take a couple seconds or even a minute to load.

If you did everything correctly you should be mining. If the Command Prompt window opens briefly and then closes, then carefully make sure what you wrote in that Notepad .bat file matches to what I posted.

To Edit your notepad .bat file, side click the file and click Edit.



CPU Mining, Windows 64 Bit:

Step 1: See previous Step 1.

Step 2: Download the modifed minerd CPU miner from elmad: https://bitcointalk.org/index.php?topic=421615.msg5183682#msg5183682
                    Direct link to miner: https://mega.co.nz/#!pBZzQAII!yuvzhcnx3ezLre9fek_G67D0_IyiNqIbEHKY4cKdovA

Step 3: Unzip the file onto your computer.

Step 4: Open up Notepad and copy the following into notepad:


color 04
minerd-bdver1 -a X11 -o stratum+tcp://stratum.hashevolved.com:5555 -u XW3ftzWsDCcrFSUxsepkE6XY4R274tgfwh -p x -t4


Save this notepad file where you unzipped your miner. Save it as anything you want but make sure to type “.bat” at the end of it. For example “XCmpool.bat”

Again change the username to YOUR address unless you want to give me free coins.

You will need to read the README included with this miner to see which minerd you will use. I am using "bdver1" because I am running a AMD 8350.

Where it says "-t" is to designate how many cores/threads you want to run. If you want to run all cores just delete the "-t".


Step 5: Double click the “.bat” file you created. It should load up and start mining immediately if everything in the .bat file is correct.

Step 6: You don't have to, but I run a widget to display core usage and temperatures. This is solely for monitoring purposes.


For some CPU mining isn't worth it. Running half of my threads, ie: 4 threads on my 8350 I get 334 khash/s.

If your CPU is not supported you might have to look into a different CPU miner.



Hope this helps anyone.
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June 27, 2014, 11:43:45 PM
 #10494

I am getting this with 4 x 7950 using sgminer :XWKG9meceCbUdJhnwoWXBzksGqbY9ACRgc   5.37 MH   100%

I have never mined X11 before but I am liking that my GPUs are not burning up and that my wife is not yelling at me asking why the fuse blows when she uses the hair dryer.  

Dam Scrypt kills GPUs eh ?  X11 >



w8 half an hour for pool to detect ur true rate. I think your rate is super low for now, my 5850 does 1mh on x11. You need to tweak ur settings if this stays as it is


edit: w8, u mean u didnt mine xc with 4x7950? Oh my, Id be FURIOUS were it me!

says here for my card what I should expect... so I would say I am slightly above average.. http://wiki.darkcoin.eu/wiki/Mining_Darkcoin

I'm actually getting 3.5 MH from each 7950 with newer "sgminer 14.6". https://bitcointalk.org/index.php?topic=658411.0

With bat file:
timeout /t 20
set GPU_MAX_ALLOC_PERCENT=100
setx GPU_MAX_ALLOC_PERCENT 100
setx GPU_USE_SYNC_OBJECTS 1
timeout /t 5
C:\sgminer_14.6\sgminer.exe -k x11mod --lookup-gap 2 --thread-concurrency 8192 -g 2 -w 128 --xintensity 120 --gpu-engine 975 --gpu-memclock
1300 --temp-target 72 --auto-fan -o stratum+tcp:// -u  -p x --temp-cutoff 90


Highest I can get right now witht this is 2.8MH per card.  hmmm... what drivers u have?
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June 27, 2014, 11:49:51 PM
 #10495

Interesting post from the AMA:

Q:
Quote
I guess I'm curious how many full time coders XC has? Is it only atcsecure and jasinlee right now? So, 2?
And, are any steps being taken to recruit coders? (I am assuming the more coders, the better)
**edit - I guess I meant coders working full-time on wallet tech (ie- REV2 / REV3 / EM / etc)

A:
Quote
Well it depends how you define coders. If you are talking about full time core development then 5. However there is also coders working on other projects like multipool, i'm working on merch store in spare time etc

To further break this down: 2 on Xnode, 2 on EMs/Ec and 1 on QT.


+1, 5 full-time coders working on the wallet with atcsecure at the helm = win.

No wonder development has been so fast paced.
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June 28, 2014, 12:07:56 AM
 #10496

Time to buy while it's cheap.. Huge money will be rolling in next week in anticipation for REV 2 release.
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June 28, 2014, 12:11:52 AM
 #10497

As a traditional investment professional

Say a coin has a $40 million market cap,
It will take another $40 million to double the price

huh
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June 28, 2014, 12:16:31 AM
 #10498

Time to buy while it's cheap.. Huge money will be rolling in next week in anticipation for REV 2 release.

Just bought a few hundred more  Grin
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June 28, 2014, 12:29:24 AM
 #10499



It's probably because they haven't been making ridic claims about being better and achieving more than . in 2 weeks or w/e.

are you able to debunk these (current) claims?

I'm still waiting on your answer.
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June 28, 2014, 12:32:26 AM
 #10500



It's probably because they haven't been making ridic claims about being better and achieving more than . in 2 weeks or w/e.

are you able to debunk these (current) claims?

I'm still waiting on your answer. Can you comment on this?

Quote
Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219
Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm.

https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407
Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board.

https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827
Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am.

https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601
Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour.

https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987
No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly.

https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096
Illodin, understand dev has instamined alot of coin.


https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

Bye!



Hi! Thanks for your interested in Darkcoin. It's all here:

Tired of the FUD ? Read the FAQ : http://wiki.darkcoin.eu/wiki/FAQ

Was Darkcoin Instamined?
Quote
~2mn coins were issued in the first 48 hours due to problems with the difficulty readjustment. That represents approximately 10-15% of the total money supply that will ever be issued.

The majority of these coins were distributed through the market in the following weeks and months at very low price levels* (0.0000x BTC per DRK to 0.000x BTC per DRK) and a lot of them were also absorbed in the April/May 2014 price increase.

  • Examples of prices and selling action almost two weeks after launch:

https://bitcointalk.org/index.php?topic=421615.msg4861558#msg4861558

https://bitcointalk.org/index.php?topic=421615.msg4889177#msg4889177

I read someone who wrote that 50% of the coins in circulation are owned by the devs
Quote
No. This is a classic case of spreading FUD (Fear Uncertainty and Doubt) by supporters of other cryptocurrencies who perceive Darkcoin as a threat to the coin they support.

The coin has been well distributed through exchanges since early February 2014 – almost 15-20 days after the coin's launch. One could buy as many cheap DRKs as they wanted, with prices of 0.0000x per DRK or 0.0001x per DRK. This can be verified by historic charts of c-cex.com and poloniex.com of early Feb 2014. These two exchanges were the first that adopted DRK. Huge buy orders of 20-30-50k DRKs were being filled by early miners who were dumping their coins for pennies, not really appreciating the coin they had in their possession due to the “abundant” way in which they mined it as people do not really appreciate what they are given in ample quantity.

Miners who “instamined” large quantities never foresaw the huge price increase and as such sold over a million coins at prices from 0.0000x up to 0.002 – with the first large batch being sold after DRK hit the exchanges and the next large batches being sold from February 2014 to April 2014 @ 0.0015 BTC price levels. In fact, many coin holders were complaining* of all the “dumping” by those who held cheap coins from the start that kept the price at artificially low levels for 2 months straight.

The dumping ended, due to tremendous market demand, when a “pump” was initiated by “whale” buyers that swallowed millions of USD (in DRKs), raising the price from 0.0012 to 0.017 within a few weeks.

  • During this dumping period there were certain individuals who spread FUD about how the coin will never rise in price due to the instaminers dumping continuously. These are typically the same people who are claiming that the 50% instamine distribution affects the coin distribution today. However it is impossible to simultaneously claim that the coins were being dumped and that the 50% instamine holds true today. It's either one or the other. Since the coins were being dumped, the 50% instamine distribution was gradually reduced with each dumping wave. Blockchain analysis indicates a well distributed coin, reflecting the fact that the dumped coins were evenly distributed through the market. Early distribution is not currently an issue as huge buyers have been reshuffling the "rich-list" in their favor, buying millions of dollars in Darkcoins during May 2014. Late distribution through aggressive buying is currently more of a concern than early distribution.
The Birth Of Darkcoin (Mar 29, 2014 by Evan Duffield)
Quote

    This is the story of how Darkcoin came about. Recently the community has grown a lot and many people here aren’t aware at all of the early history of the coin. I’m sure you’ll see from the full story that I would have done things much differently, but hindsight is always 20/20.

    So who am I and what do I offer?

    My name is Evan Duffield and I’ve been developing software since I was 15. I also have a history in finance and an interest in economics and machine learning. I’ve worked all over the space for PR firms, creating search engines and machine learning algorithms for financial modeling.

    I’ve have a rewarding career and consider myself lucky to have been a part of many great projects. Also, it’s worth noting when I worked at Hawk Financial Group I got my series 65 (a financial advisor license) and I’ve used that knowledge extensively for Darkcoin.

    The birth of Darkcoin

    I discovered Bitcoin in mid 2010 and was obsessed ever since. After a couple of years in 2012 I started really thinking about how to add anonymity to Bitcoin. I came up with maybe 10 ways of doing this, but I soon realized that Bitcoin would never add my code. The developers really want the core protocol to stay the same for the most part and everything else to be implemented on the top of it.

    This was the birth of the concept of Darkcoin. I implemented X11 in a weekend and found it worked pretty well and it would give a completely fair start to the currency. What I really was aiming for with X11 is a similar development curve where miners would fight to create small advantages much like the early start of Bitcoin. I think this a requirement to create a healthy ecosystem.

    Next I was thinking about changing the reward system. I thought it would be an interesting experiment to add more incentives to join mining early on, driving up the hashrate and protecting the network, that’s when I came up with 1111.0 / ((x+1.0)^2.0), which was the first formula for controlling rewards.

    Launch

    It was January 18, 2014 and I had everything ready or so I thought. I announced the launch of Darkcoin (XCoin at the time) on BitcoinTalk. We launched later and immediately got stuck on block 42, I was new to the Bitcoin codebase and wasn’t sure what I missed so I announced we’d relaunch later.

    When we relaunched we had a rush of miners join causing a huge spike of coin production without it being able to adjust the difficulty quick enough, we just ended up spilling out coins. Retargeting happened every 576 blocks and could only increase the difficulty by four times, so it took about six retargets to get to a difficulty that was near 2.5 minutes per block.

    Later on, after the difficulty evened out we realized that there was a serious problem with the block reward calculation. You can see people discussing the problems here:

    https://bitcointalk.org/index.php?topic=421615.120

    I soon fixed this issue at block 4500, but none of us realized the amount of coins that had been issued at the time. At that point we didn’t even have a block explorer yet.

    Growth

    Right after block 4500 is when I started working on DarkSend. I was trying to create a proof-of-concept and eventually I succeeded, I posted about it and our coin started to become more popular by the day. This is when the coin became a serious project of mine.

    Later on we switched to 11111.0 / ((Difficulty+51.0)/6.0)^2), these formulas proved to be much more powerful incentives to drive up the difficulty than I thought they would. Soon after we switched to (2222222.0 / ((Difficulty+2600.0)/9.0)^2.0), targeting a difficulty of about 3400.


    In the end?

    Darkcoin started from a few months of me thinking about ways to create a better coin and a couple weekends of coding. It wasn’t till later that we got established and I really started taking this seriously. Anyone can compare our recent efforts to the sorted past and see things are going much smoother. No one really knew how much this would blow up (in a good way) and how popular it would be, otherwise I would have took my time in the beginning.

    Goals and the future of Darkcoin

    I don’t believe the origins of Darkcoin are too much to overcome, but investors and users are going to have to decide for themselves if they want to support the project. Recently I’ve shifted away from other projects to going full time on Darkcoin. I think with a full time developer and our solid community we’ll be able to make something great.

    It’s only been a couple months and we have a lot to show for it (X11, DGW and DarkSend Beta) and there is more in the works. This obviously didn’t go perfect but I think we have a really fantastic community and I see a really bright future for Darkcoin.


Of course mudslinging is easier than innovation. So keep creating new accounts while the Darkcoin team is innovating. Have a good day !
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