Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 621. (Read 1260677 times)

50% up to 1500000 total coins (then its 25%)
so the 50% POS is way longer active than the 1.05 POW reward
(which will be reduced at 1000000 total coins by 90%)

but 50% interest rate will not last all that years....

Hello all!...Nooby miner here been mining for about 4 months now on BTC, DRK, PPC and DMD and even though I'm new to mining I'm old to linux so It's been pretty easy setting up different private pools on both MPOS and Coinium using their git's and just want to leave an impression for fellow newbies looking at trying their hand at mining.

If you're looking for a good coin to mine, so far DMD is pretty decent. The nice thing I like about it over everything else is the multipool capability. I've been using nicehash.com for about two months consistently now and it seems to be the most stable/reliable and profitable compared to Ghash.IO, BTCguild, and various others. Took me a while to figure out that bit.diamonds gives the capability of multipool mining with auto DMD exchange.

For the record I'm running on homebrew solar 5KWH system with 1600Ah battery storage which is enough to allow me to run two antminer S4's 24/7 tuned down to 150Mhz and 125Mhz respectively  for a total avg hash rate of 2.4ths. I've tuned them to suck less power out of the socket than my 15 amp breaker can handle. So with that tidbit of knowledge out of the way and knowing that all things are equal profit wise here are some stats:

BTC mining an avg of .024 BTC a day on nicehash.com. (I'm in asia but nicehash had faster response than westhash)

.024*30=.72 BTC a month at a current exchange rate of 292 usd per BTC = $210.24 per month

DMD mining through multipool that same BTC avg of .024 BTC a day auto converted to 39 DMD a day or 1170 DMD a month. Much better than my raw DMD miner running two nvidia 750ti avg 13MH/s on danbi's pool which avgs 1.4 DMD a day.

So far of course the DMD loses a very small amount compared to BTC because of the exchange fee but the nice thing about DMD compared to BTC is the annual 50 percent compound interest and a small return when I hit 180 days mature coins so I can mint through my wallet.

Of course you'll have to run numbers to not get depressed about taking two years to recoup the cost of the S4 antminers so just to make myself feel better and show why DMD is better than BTC in the long term here we go:

50% Compound interest on all coins over 180 days old anually... Using the same figures as above we can make a general estimate on what to expect in let's say 5 years at my current rate....
Year 1 - 1170 DMD a month * 12 = 14040 DMD (50% interest on all mature coins +7020DMD) = 21060DMD
Year 2 - 21060 DMD + 14040 = 35100 DMD (50% interest on all mature coins + 14040) = 49140
Year 3 - 49140 DMD + 14040 =  63180 DMD (50% interest on all mature coins + 28080) = 91260
Year 4 - 91260 DMD + 14040 =  105300 DMD ( 50% interest on all mature coins + 49140) = 154440 DMD
Year 5 - 154440 DMD + 14040 = 168480 DMD (50% interest on all mature coins + 80730) =  235170 DMD

235170 DMD = $42330.60 at today's going rate.

Now of course you can't tell the future and prices are going to fluctuate but that's the nature of risky ventures and we have enough information to at least make an informed decision. This  also doesn't include minting so check it out when you get comfortable. Long story short keep those miners mining and have patience. You'll be hard pressed to find another legal investment anywhere with that kind of potential return.

Oh and just in case you didn't hear, the IRS has finally decided to handle digital coins as property not currency. What that means is that you aren't taxed on it until it is converted into paper money as additional income. Pretty sweet deal!!!

Speaking of Trusty... Im Back!  https://bitcointalksearch.org/topic/m.10076847

Our 20 GPU, 40 Gridseed Miners will be joining the MultiPool.  We will also have 3 7950 at Danbis. 

i see that now. thanks. back to old trusty i guess. cheers

Hey Diamond community,


A new book called Cryptocurrency "The Alt-ernative" A Beginner's Reference is now on Amazon

Hi comunity,


If you mine at miningfield pools please answer this poll: http://goo.gl/0nyc2M


Thank you.

Visit us:  cloudmining.bit.diamonds
for terms & conditions Email us: [email protected]

NO Electricity Bills                                
  NO Maintenance                                    
    NO Heat                                                
      NO Noise                                              
        NO Timesink                                        
          NO Complicated technology                
            NO Quickly decreasing mining rewards

Join DMD Cloudmining
     -> EARN DMD EACH DAY!
                    
                   YES!

Visit us:  cloudmining.bit.diamonds
for terms & conditions Email us: [email protected]
      


What's the best way join into DMD Diamond and DMD Cloudmining?

I suggest split it as follows:

 a) 50% on buying Diamonds directly
 b) 50% in Diamond Cloud Mining.

 This way I could achieve both maximizing the profit and stabilizing the coin.
 Diamond Cloud Mining can earn Diamonds every day, those Diamonds stake with 50% PoS interest.
 Some would call that Double PoS or simply PoS² (Proof of Shares and Proof of Stake).

I am not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker or Financial Planner. The Information is provided for information purposes only. The Information is not intended to be and does not constitute financial advice or any other advice, is general in nature and not specific to you. Before using this information to make an investment decision, you should seek the advice of a qualified and registered securities professional and undertake your own due diligence. None of the information is intended as investment advice, as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, Company, or fund. DMD Diamond is not a regulated investment vehicle. DMD Diamond, like all crypto currencies, is experimental in nature and should be considered and treated with appropriate caution. There is no central point of control or representative entity, DMD Diamond is a distributed decentralized peer-to-peer currency and commodity. Consult a licensed professional financial advisor before making any investment decisions. I am not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.

will be average 1 DMD a day
dont expect much more......

Hi i'm new to dmd. is solo mining still alright? i only have 2 R9 270x cards, but i'm gonna try it out and see.

edit - sorry i missed the post right above me, so i'll keep on for now, thanks cryptonit!

mister1k pools are community effort
everyone free to launch one

the coin and the network need no pools

solominer are enough to keep the networking running fine
and are the true "decentralized" form of mining a coin

over a very long time danbi now runs his pool and its sure no business
if it would be lot people would run a pool or?

miningfield filled the emptyness with 2 additional pools and doing a great job too
but i think the only reason he do this is because he mutated into a dmd fanboy
(and i hear rumors he is working on a new thing after he brought us DiamondOS what might it be?)

there is absolute no reason why someone cant go solomining

over long time average earning will always beat pool mining because u have 0 fee 0 transaction cost for withdraw from pool

There had been reliable mining pools back when we were under Skrypt algo.

Four more people needed, but I'm not sure if 2,2 with the recent price slump will suffice.  

Is there a person good at writing articles? We can start putting it together.

StillOnTop the reality is at the moment the most service providers are going to choose the cheapest option. For them it's all about minimising costs. Once renewables at affordable price point emerge as a significant percentage of energy mix portfolio, then some might choose to be ethical, caring, etc. and I'm sure it will happen sooner or later as a form of building good image.

Generally it's not something we have control over.
But, we can still control how Diamond works, that's why we have PoS and soon PoW won't be such a big polluter. I think Diamond is rather "clean" when comparing to others.

Use stratum, not getwork. It was really bad with danbi's pool, lost connection all the time. Now with sgminer 5.1 and stratum i forgot about that.

Another thing that makes me wonder is, what source of power is the cloudmining service using? In my household for example, I have a contract with a so called Ökostrom-Provider, delivering power only from renewable energy sources like wind, water and photovoltaic power.

Just have to say, if we want to be the future, there has to be a future worth living for, that's a point we should keep in mind, for ourselves and our children. And if the global temperature rises by 3° C or more, we will have bigger problems than financial or currency issues.

Lol.
TGSNT.TV

ROFLMAO on this one ...
http://captiongenerator.com/28517/Paycoin-ruins-Hitler

There is something going on for sure. Nothing has been the same at Miningfield since the autopay change to 3.0 per hour, .5 min. I am not sure why we needed the change.. Not one miner could generate 3 per hour@ us mingfield. But i know my rewards are way down by 30-40 percent as well. I am waking upto a dead miner after a payout comes through from the pool to the wallet. Pool interupts,getwork failures and as you stated your pretty well blindfolded looking at any stats from the pool. There hasnt been one stable pool at all in the history of diamond. Thats a fact.