[ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 589.

cryptonit

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Quote from: rgm108 on February 11, 2015, 02:39:51 AM

Quote from: DMDCreeper on February 10, 2015, 06:11:41 PM

Quote from: cryptonit on February 10, 2015, 10:26:59 AM

Quote from: DMDCreeper on February 10, 2015, 09:34:12 AM

It is block 1,000,000 when the change occurs, right?

it is TOTAL COINS 1000000 not block!

in wallet console getinfo the value "moneysupply"

"blocks" : 787673,
"moneysupply" : 869637.25054900,

Thanks, I didn't realize it was based on coins. Even so, is the pace of coin generation expected to pick up? Is coin generation somewhat linear relative to blocks?

Not if you include POS. POW generates 1 coin per block but POS is dependent on the wallet size (amount) and age (weight).

the reason why we did go with total coin trigger and not block trigger
is to make sure the pow pos reward changes happens at the right moment in coin rollout
its impossible to find out exactly how much coins will exist at block 1000000

but at total coins 1000000 we know exaclty how much it is just not exactly when.....

but in average i see network produce around 2000 dmd (pow+pos) a day so we can estimate 60-70 days until the trigger is reached

rgm108

sr. member

Activity: 274

Merit: 250

Quote from: DMDCreeper on February 10, 2015, 06:11:41 PM

Quote from: cryptonit on February 10, 2015, 10:26:59 AM

Quote from: DMDCreeper on February 10, 2015, 09:34:12 AM

It is block 1,000,000 when the change occurs, right?

it is TOTAL COINS 1000000 not block!

in wallet console getinfo the value "moneysupply"

"blocks" : 787673,
"moneysupply" : 869637.25054900,

Thanks, I didn't realize it was based on coins. Even so, is the pace of coin generation expected to pick up? Is coin generation somewhat linear relative to blocks?

Not if you include POS. POW generates 1 coin per block but POS is dependent on the wallet size (amount) and age (weight).

DMDCreeper

sr. member

Activity: 416

Merit: 270

Quote from: cryptonit on February 10, 2015, 10:26:59 AM

Quote from: DMDCreeper on February 10, 2015, 09:34:12 AM

It is block 1,000,000 when the change occurs, right?

it is TOTAL COINS 1000000 not block!

in wallet console getinfo the value "moneysupply"

"blocks" : 787673,
"moneysupply" : 869637.25054900,

Thanks, I didn't realize it was based on coins. Even so, is the pace of coin generation expected to pick up? Is coin generation somewhat linear relative to blocks?

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: crazyivan on February 10, 2015, 10:51:59 AM

Quote from: cryptonit on February 10, 2015, 08:07:25 AM

Quote from: crazyivan on February 10, 2015, 06:36:12 AM

So starting today we are about to experience DMD cloud mining payout decline caused by this delay in Amhash cloudmining payments.
I ve been checking Amhash thread regularly and there is still no info about this issue besides it starts today and ends at the end of February.

Having in mind that Amhash is one of the most reputable cloud mining companies which produces their own miners, I m sure they ll continue dividend payments in March. Let us not create a bit issue out of this, this is something out of our hands and it should be over in 18 days.

as i understand them they keep mining but have no staff in office for approve payouts

chinese new year festival 14 days.....

crazychinese not crazyivan Cool

As long as they pay for this delay in March, I can live with this. From your info, you do think this is going to be only delayed payout, right?

this is all we know:

Quote

All hashrate transferring and devidends will be paused from 9th Feb to 25th Feb - the Spring Festival of China.
Dear Customers, The transfer,dividends and withdraw applications will not approved from 10th February to 28th February for The Spring Festival Holiday coming.We will restart all those things in the beginning of March.

no word about mining so we just dont know

crazyivan

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Quote from: cryptonit on February 10, 2015, 08:07:25 AM

Quote from: crazyivan on February 10, 2015, 06:36:12 AM

So starting today we are about to experience DMD cloud mining payout decline caused by this delay in Amhash cloudmining payments.
I ve been checking Amhash thread regularly and there is still no info about this issue besides it starts today and ends at the end of February.

Having in mind that Amhash is one of the most reputable cloud mining companies which produces their own miners, I m sure they ll continue dividend payments in March. Let us not create a bit issue out of this, this is something out of our hands and it should be over in 18 days.

as i understand them they keep mining but have no staff in office for approve payouts

chinese new year festival 14 days.....

crazychinese not crazyivan Cool

As long as they pay for this delay in March, I can live with this. From your info, you do think this is going to be only delayed payout, right?

cryptonit

legendary

Activity: 3052

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Quote from: DMDCreeper on February 10, 2015, 09:34:12 AM

It is block 1,000,000 when the change occurs, right?

it is TOTAL COINS 1000000 not block!

in wallet console getinfo the value "moneysupply"

"blocks" : 787673,
"moneysupply" : 869637.25054900,

DMDCreeper

sr. member

Activity: 416

Merit: 270

Quote from: cryptonit on February 10, 2015, 04:06:15 AM

its between 60 and 70 days until 90% mining reward reduction happens

use this open "premine" phase + low market prices

to get the amount of total coins that u plan for longterm investment

we cant guarantee we able hold value low later on

around the pow reward reduction time we will also be ready to release more details about dmd v3

clarification because requested: "premine" used in a sence that its mining before the real successtory of the coin starts

How did you get 60 to 70 days? Looking at the last 10,000 blocks I came up with about 140 days assuming the time to find each block remains constant. (This is actually not the case. The time to find 1000 blocks over the last 10,000 has actually been increasing a bit, presumably because the average difficulty is increasing.) In any case I have estimated we will reach block 1,000,000 in about 4.3 months. It is block 1,000,000 when the change occurs, right?

For each 1000 of the last 10,000 blocks the average time it took was 15 hours and 50 minutes withe the shortest time being 15:18 and the longest being 16:09. My analysis began with block 787577 and went back to 778577.

cryptonit

legendary

Activity: 3052

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bit.diamonds | uNiq.diamonds

already 70k in reactor that is over 8% of total coins!
https://chainz.cryptoid.info/dmd/wallet.dws?107821.htm
this will be the biggest 24/7 wallet and as such a backbone of POS securitry

thx to all who contribute!

still possible to join in this reactor have endless capacity
everyone can join in whenever he want minimum 500 dmd

we start to fill reactor dXy7o5vdbHYhozeiNCWUyziJM8JaLYe35H now
please PM me when u send coins with tx id and

for option1 the address coins send from is the address coins returned after 12 month
(if u dont accept bounty that we might offer for lend longer after 12 months)

for option2 make sure u tell me what dmd cloudmining wallet should get the shares added
as value i use always last visible price from here
http://www.cryptocoincharts.info/pair/dmd/btc/cryptsy/6-months (this is a average price)
http://www.cryptocoincharts.info/pair/btc/usd/cryptsy/6-months (this is a average price)
to calculate the amount of shares

------------------------------------

for now we have "lend" coins option 1

35k helmut/cryptonit deposit received
10k alex/popshot deposit received
2.5k anonymousG deposit received
2.5k chilo deposit received
1.5k Eliano deposit received
5k anonymousA deposit received
1.5k stoody deposit received
1k anonymousI deposit received
0.6 anonymousD
0.25 stillontop

and invested coins option 2

2.5k anonymousG deposit received
3.3k anonymousJ deposit received
1k chilo deposit received
2k anonymousA deposit received
1k lecaillou deposit received
0.6 anonymousD

--------------------
total 70.25 k

-------------------

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: crazyivan on February 10, 2015, 06:36:12 AM

So starting today we are about to experience DMD cloud mining payout decline caused by this delay in Amhash cloudmining payments.
I ve been checking Amhash thread regularly and there is still no info about this issue besides it starts today and ends at the end of February.

Having in mind that Amhash is one of the most reputable cloud mining companies which produces their own miners, I m sure they ll continue dividend payments in March. Let us not create a bit issue out of this, this is something out of our hands and it should be over in 18 days.

as i understand them they keep mining but have no staff in office for approve payouts

chinese new year festival 14 days.....

crazychinese not crazyivan Cool

crazyivan

legendary

Activity: 1652

Merit: 1007

DMD Diamond Making Money 4+ years! Join us!

So starting today we are about to experience DMD cloud mining payout decline caused by this delay in Amhash cloudmining payments.
I ve been checking Amhash thread regularly and there is still no info about this issue besides it starts today and ends at the end of February.

Having in mind that Amhash is one of the most reputable cloud mining companies which produces their own miners, I m sure they ll continue dividend payments in March. Let us not create a bit issue out of this, this is something out of our hands and it should be over in 18 days.

stoody

full member

Activity: 126

Merit: 100

Quote from: LTCMAXMYR on February 10, 2015, 05:11:43 AM

Quote from: cryptonit on February 10, 2015, 04:06:15 AM

its between 60 and 70 days until 90% mining reward reduction happens

use this open "premine" phase to get the amount of total coins that u plan for longterm investment

we cant guarantee we able hold value low later on

around the pow reward reduction time we will also be ready to release more details about dmd v3

dmd v3, i am waiting.

a big +1

LTCMAXMYR

hero member

Activity: 609

Merit: 500

DMD,XZC

Quote from: cryptonit on February 10, 2015, 04:06:15 AM

its between 60 and 70 days until 90% mining reward reduction happens

use this open "premine" phase to get the amount of total coins that u plan for longterm investment

we cant guarantee we able hold value low later on

around the pow reward reduction time we will also be ready to release more details about dmd v3

dmd v3, i am waiting.

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

its between 60 and 70 days until 90% mining reward reduction happens

use this open "premine" phase + low market prices

to get the amount of total coins that u plan for longterm investment

we cant guarantee we able hold value low later on

around the pow reward reduction time we will also be ready to release more details about dmd v3

clarification because requested: "premine" used in a sence that its mining before the real successtory of the coin starts

davembg

sr. member

Activity: 340

Merit: 251

Smell the glove.

Quote from: danbi on February 08, 2015, 01:13:32 AM

Quote from: utahjohn on February 07, 2015, 05:19:36 PM

Danbi himself replied to pool problems positivly by saying he is happy to see new pools to take load off.

Please do not misquote me. I have never been happy about pool problems, because this both eats my time and makes pool miners unhappy. I clearly dislike pool problems!

I am however happy Diamond has become more popular, with more pools and exchanges. I was never, ever my idea to run the only pool for Diamond.
By the way, I am really sick of the idea for "monopolising" things, as I have been criticised so many times in my life, when doing things (alone) that nobody else wanted, knew or could do. At the end, it makes no good to you to pretend such.

I hear ya, danbi. There is no profit in hosting a DMD pool.
http://dmd.donkeypool.com:808 is running on margined equipment, so there is no expense.
That said, the pool will generate a whopping $7.75 in 22 days of operation.
Certainly not a sum that would allow for a server it's size on Joyent, RackSpace, etc.

We've been lucky with no log-able downtime, just a few maintenance blips of 2sec or less.
I'm sure our time is coming for that wallet-vomit or nasty DDoS/DoS attack.

I do it because I have the resources, and good live nodes for DMD are getting more rare.
That said, it would be great if a few active miners would build 24/7 staking wallets using their favorite vHost/Cloud provider.
Right now, DonkeyPool has 68 connections and all but 5 of them are at least 100 blocks behind, not ideal:(
The blockchain would be far more resilient/responsive with more good nodes.

I too like the popularity and price stability of DMD - but it won't survive without contributions at every level.

davembg

cryptonit

legendary

Activity: 3052

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Quote from: vegasguy on February 08, 2015, 04:05:59 PM

So this is the third time ive asked this question as it has not been answered: "In case the reactor wallet is hacked, and all dmd are stolen, will the dev be responsible, and pay back all of the stolen dmd coins to investors"?

Please answer in detail, so it is documented here on this thread.

Thank you

Vegas

ur question was answered already

https://bitcointalksearch.org/topic/m.10299166

we hold more coins in reactor than anybody else i guess its clear we do everything possible to keep it save

like no one will guarantee for our coins we cant guarantee for other people coins

we all share the same risc

trust in us is the most important factor if u decide to do a reactor contribution or not

in my opinion the only real way to harm the reactor would be trough the people who interact with it

and that are only 2 people the wallet dev and the cloud/multipool dev so not even alex and me have access

out of security reasons (not because we trust us not but because we wana make sure someone hack us get no important data)

stoody

full member

Activity: 126

Merit: 100

Quote from: cryptonit on February 08, 2015, 05:52:11 PM

@stoody
https://bitcointalksearch.org/topic/m.10390559

thanks mate here is 1500dmd
Status: 3/unconfirmed, broadcast through 2 nodes
Date: 09-Feb-15 12:58
To: reactor dXy7o5vdbHYhozeiNCWUyziJM8JaLYe35H
Debit: -1500.00 DMD
Transaction fee: -0.001 DMD
Net amount: -1500.001 DMD
Transaction ID: 6665e9b136ec8f6c1b9366bdb5185d7529191f988b2661ec4a5a45e8a1bcf584

cryptonit

legendary

Activity: 3052

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bit.diamonds | uNiq.diamonds

@stoody
https://bitcointalksearch.org/topic/m.10390559

stoody

full member

Activity: 126

Merit: 100

Quote from: cryptonit on February 08, 2015, 08:15:03 AM

Quote from: stoody on February 08, 2015, 07:04:31 AM

i managed to salvage my wallet.dat file but i lost everything else...

if u have ur wallet.dat u lost no dmd
coins are in the blockchain and wallet.dat is the key

as long as u have wallet.dat and not forget the password u should be save

regarding reactor its in the actual form
option1 a whales support network and cloud project
option2 just a alternative way to buy cloud shares with dmd

as a small cloud shareholder its better u go small in reactor
or even not at all and be happy whales support ur earnings

but if u want to contribute
for ur part of total cloud shares 500 dmd option1 would be more than enough

hi mate im willing to put some dnd into the reactor what is the wallet address i need to send it to

thanks

vegasguy

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"Yobit pump alert software" Link in my signature!

This is not fud, but any responsible investor should ask these questions. Now, I would like the dev to answer this question.

Thank you

Vegas

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Quote from: vegasguy on February 08, 2015, 04:05:59 PM

So this is the third time ive asked this question as it has not been answered: "In case the reactor wallet is hacked, and all dmd are stolen, will the dev be responsible, and pay back all of the stolen dmd coins to investors"?

Please answer in detail, so it is documented here on this thread.

Thank you

Vegas

Hah, dude, the average reactor deposit is 1000-2000 DMD, that s $100 - $220. Is this really something you should be worried about? Unless you ve planned to deposit 20k which is seriously doubt.

Now seriously, devs put their own coins into the reactor as well. If it is hacked, we all lose. I really see no point for them to be responsible for paying back in case of the hack cause this reactor is NOT a service they benefit from. It is a joint effort to provide better payouts for all of us and to strengthen the network. Joining the reactor is also voluntary. I joined, some other people joined and I ll also respect anyone who does not join for whatever reason.

The most important thing is to keep this community strong and positive about DMD. The result will there, I strongly believe it.

Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 589. (Read 1260677 times)