Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 607. (Read 1260677 times)
January 28, 2015, 07:13:21 PM
Well, Pokeytex, let's hope it is a good gamble, I just got in 1 slot ...
January 28, 2015, 07:03:54 PM
Hi cryptonit
Just a quick question/s to clarify some details.
As I understand it, there is 200% POS reward for the duration in the reactor, so put in 1500 DMD receive ~3000 DMD by the end of the reactor period (40 weeks). Of that expected return, half(~1500 DMD) is paid to your Cloudmining DMD address. The other half is converted to BTC and reinvested as Cloudmining shares. Is that more or less correct?
Are these staking rewards paid monthly, weekly or otherwise?
And last question, when DMD price increases will BTC conversions occur at current market rates at time of earning staking rewards?
Regards
chilo
Just a quick question/s to clarify some details.
As I understand it, there is 200% POS reward for the duration in the reactor, so put in 1500 DMD receive ~3000 DMD by the end of the reactor period (40 weeks). Of that expected return, half(~1500 DMD) is paid to your Cloudmining DMD address. The other half is converted to BTC and reinvested as Cloudmining shares. Is that more or less correct?
Are these staking rewards paid monthly, weekly or otherwise?
And last question, when DMD price increases will BTC conversions occur at current market rates at time of earning staking rewards?
Regards
chilo
January 28, 2015, 06:37:36 PM
I am just confirming that there is a limit of 1500 DMD over (3) possible slots right? I mean I don't want to be greedy or anything but I have more DMD I would like to invest if possible?
i case which i dont expect that the reactor dont fill up following the 3 slots limit we will hand out more slots to people who are interested (prefered cloudmining shareholders)
January 28, 2015, 06:35:35 PM
How the are these coins to be generated if they are not participating in blockchain and not competing for POS
Something reeks here, just have not identified it yet LOL.
Utah - I am not sure I understand fully but I trust in Popshot and Cryptonit to do the right thing. I believe what I understand is that the POS model is moving slower than originally planned so in order to get it up to where it is supposed to be there is going to be a new type of stake to help the POS along? I am not sure I have it all but what the hell - I am a gambling man. Cryptonit I sent my 1500 DMD to you. Thank you kindly.
utah u confuse me
how u come to this strange conclusion it doesnt compete for POS?
its a normal wallet and it POS like a normal wallet
the difference is its POS rewards are multiplied with 4
i said the coins that are in reactor and POS there are not in a private wallet and POS there
so the reactor itself dont create more competition for POS blocks
if if bob and alice and reactor have a wallet and compete for pos each one with 3 pile of diamonds
then 9 pile of diamonds compete in the network for pos blocks
if now bob and alice decide to give one pile each to the reactor then bob have 2 alice have 2 and reactor have 5
and in total still 9 piles of diamonds compete for pos blocks
@poketex very kind from u but if u wana send me DMD u have to use another address
in fact i dont even have access to the wallet only 2 people have
the wallet dev and the cloudmining dev
we take security serious we know once DMD are 10$ each there is a lot value in reactor and we already prepare the security now fitting to this
i can gurantee it wont run on a webserver or somehow external reachable server
its only connection to the world is the single port of DMD network its possible we run it through a IP masking solution too so no one ever will find the reactor wallet
January 28, 2015, 06:33:15 PM
Ill pass thank you. Ill be keeping my dmd right here.
Vegas
Vegas
January 28, 2015, 06:26:29 PM
Utah - I am not sure I understand fully but I trust in Popshot and Cryptonit to do the right thing. I believe what I understand is that the POS model is moving slower than originally planned so in order to get it up to where it is supposed to be there is going to be a new type of stake to help the POS along? I am not sure I have it all but what the hell - I am a gambling man. Cryptonit I sent my 1500 DMD to you. Thank you kindly.
Yes this is exactly what it is.
That special wallet which is a service , rather than, personal downloadable client will help Diamond in key areas. (security, stability and attractiveness of investment).
Popshot - I am just confirming that there is a limit of 1500 DMD over (3) possible slots right? I mean I don't want to be greedy or anything but I have more DMD I would like to invest if possible?
January 28, 2015, 06:25:04 PM
Utah - I am not sure I understand fully but I trust in Popshot and Cryptonit to do the right thing. I believe what I understand is that the POS model is moving slower than originally planned so in order to get it up to where it is supposed to be there is going to be a new type of stake to help the POS along? I am not sure I have it all but what the hell - I am a gambling man. Cryptonit I sent my 1500 DMD to you. Thank you kindly.
Yes this is exactly what it is.
That special wallet which is a service , rather than, personal downloadable client will help Diamond in key areas. (security, stability and attractiveness of investment).
January 28, 2015, 06:21:45 PM
Diamond Reactor is a special wallet that can stake x4 the normal rate - which at this rollout phase is 200% per annum instead of 50%.
from where are coming all theese coins for this 200% stake.
there is no such thing as disadvantage by minting difficulty
if ur coins wait longer u earn more rewards because they became older
coins that are in reactor are not in a personal wallet and staking there
so there is no change in the amount of coins that compete for pos blocks
Something reeks here, just have not identified it yet LOL.
Utah - I am not sure I understand fully but I trust in Popshot and Cryptonit to do the right thing. I believe what I understand is that the POS model is moving slower than originally planned so in order to get it up to where it is supposed to be there is going to be a new type of stake to help the POS along? I am not sure I have it all but what the hell - I am a gambling man. Cryptonit I sent my 1500 DMD to you. Thank you kindly.
January 28, 2015, 06:14:05 PM
It sounds like there will be a new wallet released soon. Those that have 100 shares or more in cloudmining dmd will be rewarded 200% pos instead of 50%. Same competition, same wallet, but higher reward for those in cloud mining. I think the wallet will do a check to see if you have over 100 shares of cloudmining or more. I took a guess at this, but this is what it sounds like. There has been talk of a mandatory wallet update coming very soon, and talk of a 2.0.4.1 version wallet. I think this is the reason for the wallet update.
Vegas
Vegas
reactor is a single wallet address managed
by diamond foundation and like every wallet address visible in block explorer
there will be a new wallet released but it wont include special pos rules for anyone beside the reactor address
the release of wallet is still a few weeks away
we start fill the reactor now so the coins start gathering coins age
January 28, 2015, 06:09:34 PM
It sounds like there will be a new wallet released soon. Those that have 100 shares or more in cloudmining dmd will be rewarded 200% pos instead of 50%. Same competition, same wallet, but higher reward for those in cloud mining. I think the wallet will do a check to see if you have over 100 shares of cloudmining or more. I took a guess at this, but this is what it sounds like. There has been talk of a mandatory wallet update coming very soon, and talk of a 2.0.4.1 version wallet. I think this is the reason for the wallet update.
Vegas
I am a 100+ shareholder getting dismal returns 1 coin a day ... Vegas
January 28, 2015, 06:04:56 PM
It sounds like there will be a new wallet released soon. Those that have 100 shares or more in cloudmining dmd will be rewarded 200% pos instead of 50%. Same competition, same wallet, but higher reward for those in cloud mining. I think the wallet will do a check to see if you have over 100 shares of cloudmining or more. I took a guess at this, but this is what it sounds like. There has been talk of a mandatory wallet update coming very soon, and talk of a 2.0.4.1 version wallet. I think this is the reason for the wallet update.
Vegas
Vegas
January 28, 2015, 05:53:47 PM
Diamond Reactor is a special wallet that can stake x4 the normal rate - which at this rollout phase is 200% per annum instead of 50%.
from where are coming all theese coins for this 200% stake.
there is no such thing as disadvantage by minting difficulty
if ur coins wait longer u earn more rewards because they became older
coins that are in reactor are not in a personal wallet and staking there
so there is no change in the amount of coins that compete for pos blocks
Something reeks here, just have not identified it yet LOL.
January 28, 2015, 05:50:16 PM
first come first served
if the reactor is full the slots have to be earned by being one of the 5 winner of weekly competition
so i can only gurantee the 3 slots for existing investors as long as slots are available
me! me!!if the reactor is full the slots have to be earned by being one of the 5 winner of weekly competition
so i can only gurantee the 3 slots for existing investors as long as slots are available
Dev, just sent you a pm requesting wallet.
LOL
no fear there is still plenty of room
https://chainz.cryptoid.info/dmd/address.dws?dXy7o5vdbHYhozeiNCWUyziJM8JaLYe35H.htm
eamail [email protected] so i dont miss u
January 28, 2015, 05:48:35 PM
So it sound like it is still 7 days min stage age, except those with the special wallet will get 200% interest per year instead of 50%.
Vegas
Vegas
there is no special wallet just a special address
January 28, 2015, 05:46:14 PM
first come first served
if the reactor is full the slots have to be earned by being one of the 5 winner of weekly competition
so i can only gurantee the 3 slots for existing investors as long as slots are available
me! me!!if the reactor is full the slots have to be earned by being one of the 5 winner of weekly competition
so i can only gurantee the 3 slots for existing investors as long as slots are available
Dev, just sent you a pm requesting wallet.
LOL
January 28, 2015, 05:43:54 PM
first come first served
if the reactor is full the slots have to be earned by being one of the 5 winner of weekly competition
so i can only gurantee the 3 slots for existing investors as long as slots are available
if the reactor is full the slots have to be earned by being one of the 5 winner of weekly competition
so i can only gurantee the 3 slots for existing investors as long as slots are available
January 28, 2015, 05:41:11 PM
So it sound like it is still 7 days min stage age, except those with the special wallet will get 200% interest per year instead of 50%.
Vegas
Vegas
January 28, 2015, 05:39:42 PM
Diamond Reactor is a special wallet that can stake x4 the normal rate - which at this rollout phase is 200% per annum instead of 50%.
from where are coming all theese coins for this 200% stake.
there is no such thing as disadvantage by minting difficulty
if ur coins wait longer u earn more rewards because they became older
coins that are in reactor are not in a personal wallet and staking there
so there is no change in the amount of coins that compete for pos blocks
January 28, 2015, 05:38:35 PM
Diamond Reactor is a special wallet that can stake x4 the normal rate - which at this rollout phase is 200% per annum instead of 50%.
from where are coming all theese coins for this 200% stake.
from same place as coins for 50% stake are coming from
January 28, 2015, 05:38:27 PM
This new wallet is designed to reward those that are invested heavy in dmd. There is is nothing stopping you from buying 100 shares in cloudmining as I did, and getting the benefit. It is a CHOICE.
Dev, woudl LOVE to try out that new wallet. I will pm you. I feel like people will want this wallet and it will cause the price of dmd to rise.
Vegas
Dev, woudl LOVE to try out that new wallet. I will pm you. I feel like people will want this wallet and it will cause the price of dmd to rise.
Vegas
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