Topic: [ANN] Diamond (DMD) Takeover! Update v1.0.4 | NEW website, pool, block-explorer - page 18. (Read 50037 times)

Hello miners,

DMDpool.net decided to provide their services with 0% fee!
Website is really fast, stratum server has 100% uptime.

Enjoy!!
Happy mining!

Since I am the one who set up this pool, I will answer your question:

1. Why set up the DMD pool? I was curious Also, at the time DMD was just re-started and needed some help. There is always much to learn from doing things like this.

2. The pool initially suffered from many bugs in the stratum server and the front-end. In essence, these bugs made many leave. I can understand it and this is the reality of services. But the pool does function and anyone is free to use it.

3. The pool uses proportional payments, because this is "obviously" the easiest to understand by users and it is also fair, considering that people today look at their hashing power as an investment.

4. The pool usage is free and the transaction fees are at minimum, because I believe this is the essence of crypto currencies. You don't pay other people in order to participate in the network, why should you pay in order to mine together with others? The low transaction fees encourage people to have their earnings sent to them right away, so less is sitting at the pool wallet (and less risk there is for large double payments, software errors and other causing loss of funds).

5. The resources required to run these pools (I have built around a dozen already for other coins) are modest. Well, this is probably because I already have the infrastructure available, but -- you can run a very good pool on cheaper hardware than you need in order to create even a modest miner!

All of these things are in line with what I have been doing in the past 25 years to make Internet work for people. Today, I can say it was the right thing to do.

Nevertheless, I can understand the temptation to be part of the frenzy and benefit from other people's desire to get rich quick. Remember the Wild West? Remember Alaska? Neither approach is wrong.

By the way, people do donate to the pool. The donations are very modest, but if compared to the actually mined coins, they would equal 0.3% pool fee.

What kind of server specs is one looking at to host pool?

I don't think you are doing anything wrong, just sometimes you get unlucky and get a rejected Block. What are your CGMiner settings and Diamond.conf?

can someone help, i think i've found a block and it got rejected? nothing in the wallet and no accepted shares just a lot of rejects. do i just have to wait for confirmation or am i missing something? cheers

I for one like pooling because it's set up very quickly without the wallet.
http://dmdpool.digsys.bg has zero pool fees, transaction fee is minimum required by the network, so that might be an option.
@whoever created that pool: nice one! Because I'm curious: what's your reason for setting up a pool for free?

@minar.cc: I understand that you had to be quiet long enough after you found the error, so that you could fix stuff without having a net negative yourself. But the dilemma is that hearing nothing and getting no response is the worst thing you can do in a service related business venture.
Also some people said that you kept bonus blocks etc. which doesn't help either.

yes, you need to have the wallet on your mining pc, I have mine running, then setup cgminer to mine various coins using batch files.. all in all pretty painless.
as long as the difficulty stays fairly low I prefer solo mining just because I can quadruple what i'd make in a pool.

I'm not a very big fan of pools, and can't for the life of me understand why anyone would use them with low diff coins.
with the really high diff ones I can see, but low diff? solo every time for me.

question about 2 ways to earn DMD by mining what do u prefer whats better for the coin?


way1:
use a multipools instasell the random-coins and buy DMD
+this earn more DMD than mining DMD and it raises DMD value by buying cheap sell orders
-this lowers DMD difficulty which make it profitable for multipools which mine and sell DMD and this lowers DMD value

way2:
mine DMD direct
+easy not much work
+my mined DMD dont lower DMD value because i dont sell it cheap i keep it in my wallet
-no DMD buy orders by me so less increase coin value by buying DMD
-over all less DMD earned each day
-lowers daily traded DMD which some investors see as important to dedect if a coin is alive or dying


my own answer is that way1 is the better way for now it makes DMD value not increase as fast as it should but it make it look a alive coin (because lot buy orders (from us) and sell orders (from multipool dudes) are ongoimng each day. and i earn more DMD each day this way

i think we should maybe first try get lot DMD in our wallets and later raise coin value

 DMD investors/miners thinks longterm i guess so this plan sounds good to me

+1 great points there!

i think our promotion of this coin should focus on its 4 strenghts

--------------------------------------
first and most important: its not to late to join the train! 8 years constant mining rewards give someone who join mining or buy coins now same chances as an early adopter had.

second: longtime network stability but very low inflation is gained by a low&endless POS (proof of stake) mechanissmn this make diamonds ideal investment coin in opposite to the endless pump and dump cointypes on market (high POS coins suffer from high inflation! DMD keeps POS at a balanced 1% setting to keep network strong even after 8 years but without high inflation)

third: very limited amount to own a few diamonds is a lot and can secure ur share in this success story. limited avaibility reward buyer much more than seller this will soon lead to an constan increasing value (shorttime value drop we see now is by multipool miners who instasell this is a good oportunity for people who invest instead of mine BUY NOW!)

forth: diamond is serious business and no shorttime joke. we have dedicated devs and a growing base of supporters. Diamonds are forever!
----------------------------------------

(second point need a in detail explaination about the dmd POS funktionality from dev side)
(forth point need proof by us and is crucial for success!)


sure this need to be written in better word by an native english speaker but basically i think this are the DMD strenghts we should comunicate as much as possible

No, it's not! See page 2.

i don't use Facebook, but good idea, thanks dev's how about twitter next?

diamond is missing here: http://coinchoose.com/

Diamond Facebook Page: https://www.facebook.com/dmdcoin

great news DMD are very cheap to buy now
better buy in now before the new wallet and other good news are released and price raise fast

as all who choose DMD as their coin know
there is a very limited amount of DMD
once people start buying price raise very fast because avaiable amount so is low

get on board while all that dev actions and promotion campain isnt launched

PPLNS favors constant and/or occasional loyal pool members over pool hoppers.

so YES change to it

i don't really care, im just sick of people complaining about it, i don't mine, i buy, and i have a lot of BTC invested in DMD im just protecting my investment, because half this thread has been filled with people whining about it, and it doesn't look good to people interested in DMD.

Estimates are just that estimates.. You are welcome to try any other pool and then come back whenever you like.


You are so nice, the "issue" you are talking about was that every user got payed 2x (two times) what they were supposed to. I would not complaint myself if i got a double payment from a pool.
Even now, it was solved and payouts are sent every 5 minutes.



Please re add dmd.minar.cc to the list, users can confirm it works fine as it has always done.
Thanks

I've always pool mined, because I'm unsure how to solo mine. Do I need to install the wallet on my linux mining PC in order to solo mine? I only have the wallets on my laptop windows PC, which is not suitable for mining. Or do I just need to configure cgminer differently on the linux box?