Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 592. (Read 1260706 times)

When the going is tough, the tough keep going.

cryptonit, popshot and co, you are doing a great job. Your ideas, plans and vision will make the success of DMD.

Constructive criticism is also to be welcomed, and can assist in viewing ideas from other perspectives and possibly avoiding potential pitfalls. Unfortunately some of the plainly negative commentary is unnecessary, and does not assist in promoting DMD as a valuable and longterm asset, and only serves to deplete the morale of those most supportive of DMD ie the devs.

We need to keep the discussion moving, and support the foundation in making the right decisions even when this requires criticism. It does not need to come with derision and innuendo regarding the trustworthiness of the dev team. I have never heard of anyone being unfairly dealt with by the DMD team, and I have done a lot of research.

Keep the ideas coming.

Kind regards

chilo

As stated on the OP of DMD thread 1.05 reward for blocks of which 0.05 is sent to foundation.  So correct calculation of miner reward is based upon 1.00 DMD.  Fine with me if u want to pay miningfield an extra 0.05%.
I choose to support a new pool because of the difficulty to not only start it but keep it operational.  The 0.45% I receive is a pittance and not worthy of my time however I see the need for stable pool(s) and no monopoly on mining.  As far as my wallet is concerned, I have earned that.  My decision to leave cloudmining is based upon examination of current and future profit. 

same is true for me

guess how i feel

and i cant leave the boat

im the captain

at least i have the advantage to trust myself 100%

this! always used solomining that way

I moved some of my hash capacity over to donkeypool a couple of weeks ago from Dani's pool.  I didn't have any issues with Danbi, he does a great job in my opinion and he is responsive when you contact him.  But I just feel that it is better for the viability of DMD if we have multiple pools with similar hash rates.  Its not Danbi's fault he has such high hashrates on his pool but I have never been comfortable with one pool sometimes owning almost all the hashing power for DMDs.

My experience with donkeypool has been good so far. 

We need to support everyone who invests their time and money into DMDs.  That's why I do not favor mechanisms that reward the big holders over new guys who may be joining our efforts as DMD becomes more valuable and more popular.  We would be better served by offering incentives to attract new miners and investors from outside our community.

DMD cloud mining s got nothing to do with actual DMD mining. Funds collected by selling cloud mining shares are used to buy SHA 256 cloud mining hash as well as some other investments. So when you buy cloud mining shares, you do not actually mine DMD, you mine BTC and this BTC s then used to buy DMD which you get as your payment. Devs can correct me if I am wrong.
This is a very smart investment vehicle, it includes constant partial reinvesting of mined coins to ensure SUSTAINABILITY of our DMD payouts. In other words, devs do all the work for us and we reap the benefits.

Regarding DMD in general, I am not sure people understand how precious this coin is. We have a coin with 0 premine, which means no potential dump/run by the dev team. We have a dev team which is hones and hard working, constantly seeking ways to improve the entire DMD ecosystem. Currently we have POW, POS, cloud mining, DMD reactor to be and the best things are yet to come as far as I know.

I ve been into crypto for a long time and this is really, really rare. Seeing this reactor as something negative and not an attempt to increase your own ROI is complete insanity. I don't know your plans but I have quite clear investment plan regarding DMD. I m in and I am not getting our until I am filthy rich. I certainly hope lots of you s going to be in that coin mud with me.

@Chilo - U re one smart dude, I think both of us re gonna be happy with this coin.

I think you're wrong. Simultaneously with solo mining you can use block change detection via pool.
For example:
sgminer -k diamond -o 192.168.1.6:17772 -u User -p Password -o stratum+tcp://dmdeu.miningfield.com:3388 -u -p

Guys, you are selling the shares because the day of 1000000 DMD is near? After that, our reward for the shares will be smaller?

Cloudmining shares for sale

403 shares, payment can be done in BTC or a combination of BTC/DMD.

The sale is for personal reasons but the decision is also affected by reading some peoples opinions regarding cloudmining and its investors. I invested before there was known plans for any kind of reactor, so that had no impact on my investment decision. I invested to do something good for this coin and all other DMD holders. Now I am tired of all the negativism.

PM me with a reasonable offer and let me know if you want to use escrow.

Now you also try to slam Miningfield. Are you trying to fool someone that you care for anyone else except yourself? You dont care for anything else than your own wallet. In this case your fee of 0,45% from the blocks found by Donkeypool.

The total block reward in DMD is 1,05 DMD. Miningfield obviously choose to calculate 1% fee from the total block reward so his total fee of 0,0105 from a normal mining block is mathematically correct. If you and the Donkey pool owner want to calculate your fee in another way it’s totally up to you.

I think the Dev teams idea with the original reactor was to create a strong incentive to join the cloudmining. The idea with the cloudmining is to support DMD, nothing else. By supporting the cloudmining you also support yourself, since a constant buy support affect the price for all DMD holders. You can not only milk the cow, without food there will be no milk.


I have not payed special attention to Digibyte, but I know they had troubles with the price due to dumps on the exchanges around Christmas/New Year time (other dumps not related to Moolah). Things seem to have improved, Jared works hard for the coin and perhaps it helped that SRCXXX stopped his pool operation. There could be a lot of reasons for the price raise, this is an interesting post from the Digibyte thread

https://bitcointalksearch.org/topic/m.10007819

Perhaps someone decided to by some food for the Digibyte cow.

There is really no need to slam Danbi. He has provided his DMD pool as a service to the community for a very long time. The only reason he is having a fee on his pool is because it was forced upon him, because it was said it was unfair to other pool operators who would have problems competing with a zero fee pool. If I was Danbi I had gladly put down the pool, its becoming tiring listen to all people complaining about everything.

I do not think anyone is in a position to tell Danbi what he shall do or not do regarding MPOS. Not all people are retired when they are 53 years old and can spend their days sucking up beer. Some people have to work and, if possible, spend their spare time on DMD related projects.

Your slaming on Danbi in favour for Donkeypool would not have anything to do with you acquiring half of the mining fee from Donkeypool would it?  　

Transaction fees are automatically paid by pool by reducing reward amount to miner, this is done by NOMP ... the 1.05 is incorrect as it is paid to pool op directly.  This shortage to miners results in a 1% additional fee to pool op every 20 blocks!
Feel free to examine dmd.donkeypool.com as ours are correct

0.05 = transaction fees? what's wrong with that?

Take a look at this block (going mercenary here)
https://chainz.cryptoid.info/dmd/block.dws?781409.htm
What is wrong there? haha hint 1% or 1.05%
I made notice to pool ops to check block generation weeks ago.  Danbi's was fine however us.miningfield.com is in error.

market cap < 100K been down to 95K.
OK pop it's time to bring out the big gun!

crazyivan,

I really like your posts they are amongst the most sensible on here.

If we want reward next week this may not be the right asset for us. I am prepared to wait and work for years.

chilo

BTW I have never seen anyone acheive leet status before
I hate to be repetitious but pool mining is actually better than solo because of "Peer Magic" where the pool is notified immediately of new blocks versus solo mining polling every minute.
http://dmd.donkeypool.com:808

Nice one
https://chainz.cryptoid.info/dmd/tx.dws?c92a3c02b54dc1cddf840017dc17c728b61befe322611c1336bfa6dcad3cba83.htm

WTF Harrison Bergeron ... u tout the benefit to the community when u in fact are blinded by the cloud.