Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 652. (Read 1260677 times)

asic will be pointless when its 0.1 per block reward soon.

Hi.
I think that those coins that can not adapt to the Asic chips eventually die.
 Nobody will buy new coins from the fact that they have a new algorithm. Future commercial product market, requires stable and secure operation.
What serious payment structure interested in the coin, which is supported by a network of homegrown Miner with the video card? Another question is who will create and produce new chips for new algorithms. I think that the current situation with the capitalization of the new coins, nobody.
 Diamond community on the right path to find a way to adapt to existing and mass Asic devices (forget about the attacks underground miners) and the creation of a network of services Activities that will take the diamonds to pay for exclusive products.

since history told us there is no such "asic resistant" or "fpga resistant" algo, and if we accept asics as a nice way of mining provided it is accessible to everyone, than the best move would be to switch to bitcoin's sha256 :-)

chinese FPGA miners are switching a lot between coins
dont wonder if such diff jumps happens

groestl is no longer mainly GPU miner playground
FPGA is here and asic as a sideproduct of x11 asics will follow.....

Diamond will take care of this situation
whats worse than a asic minable coin?

a coin where fpga/asic gear existing but noone beside a few
have access to the gear

in the past we did think asic is bad only mining giants run them
now we have to realize that invest 1000$ into some asic gear is
much better path then invest 1000$ into GPU mining farm

evolution means adapt to the enviroment that suround u
we will

that is what everyone likes

my rigs were maintained ,it was a big hashrate drop.

That is precisely my analysis of the situation gmg. We are already in the process of arranging institulisation of Diamond with transformation from 'volunteers' to people working legally tied to the project. Just the regulations are different in each country and we had trouble with choosing the best avenue. Working full time is difficult to achieve for majority of people, but if there was such possibility I would gladly leave my current job just to work on Diamond's success. More people are needed, that's true but again finding people with like minded mentality to be able to work in a cohesive and dedicated way is not always easy. This is something to be developed for sure.
When it comes to name and specs of the coin, I could not agree more - this is just as much as it gets while the rest will be based on robustness and usability. It's a bit like with having a talent, where it accounts for 1% of success while the rest 99% is hard work. If we do hard work well, the talent of Diamond will be something that will put us in the distinctive position.
I share your views on resources which are rather scarce but I'm sure this is something we can overcome.

Thank you gmg for stepping in, you always contributed as much as you could in the past, your help for sure will be invaluable.

I'm glad to see the dev team moving forward to establishing DMD as a serious contender in the crypto-coin race. Let me throw a couple of random thoughts to this discussion:

1. Regulation. Any serious cryptocurrency will require both merchant adoption and citizen adoption. But, neither will happen on a mass scale without first regulating the scene. So, in theory, we should welcome regulation. But, in practice: who will represent the DMD community in regulation debates and by what authority? what is our (agreed) stance on regulation, e.g. things like BitLicense? To provide answers, DMD needs institutionalization (something like the Bitcoin Foundation) and more than a few people dedicated full-time to the project.

2. Infrastructure. To be seriously considered, we cannot rely on things like scarcity and a nice name (we already got those and they have taken DMD only so far). We need a robust underlying network. We need to be able to claim (to investors, adopters, regulators, etc.) that we can't even remember the last time the blockchain was forked (plus that we recovered immediately from that incident). We need to be able to show stable wallets, pools, clearing services, exchanges, etc. We also need to be able to claim (by numbers) that an external attack would be economically infeasible for someone to orchestrate and carry out. Again, we cannot show these attributes to any serious business, unless we first invest in infrastructure (hash rate) and development/maintenance effort.

So, in one word, DMD needs RESOURCES. Who will pay for them, who will provide them, and who will run them are the things we should be discussing.

For my part, I'm willing to contribute. Dev team, PM me, if interested.

try create a file named diamond.conf in appdata diamond folder

edit that file with notepad and write in the lines

listen=1
noirc=0
addnode=193.68.21.19
addnode=54.191.208.14
addnode=54.255.133.30
addnode=54.86.164.216
bantime=600

then u should be able find peers to sync

There is no fork, all 3 Pools are working fine, on the correct fork, and yes diff did went down for some minuts, this means some BIG miners stop mining on that period.

There are solo miners out there with some respectable hashrate.


s. http://www.miningfield.com
t. https://www.twitter.com/miningfield
f. https://www.facebook.com/miningfield
DMD Pool. http://eu.miningfield.com
               http://us.miningfield.com

I'm somewhat of a mining noob, but I want to mine Diamond.  I've downloaded and redownloaded the most current DMD wallet: Diamond - Wallet v2.0.4.0 however it still says "0 active connection(s) to Diamond network"  I've downloaded the newest chain from the links provided on the official Diamond website, replaced all the files except "diamond.dat" in my appdata, and still my wallet says (out of sync) in red letters.  How do I get my wallet in sync?   

Fork again? diff drop to 78

http://multipool.bit.diamonds/
is supporting now http://yaamp.com/ too
with statistics and full Multipool Lotto ticket rewards
give it a try and us feedback

Primary focus would be to introduce changes that would increase strength of the network as a whole and devising a way of force capitalisation of the coin.
Coin rollout plan such as total coin count and POS rewards would stay untouched just the methods to get there would be different. Most likely direct mining will be affected by the changes but in terms of cost of DMD and ordinary DMD holders the aim is to boost it to the maximum in the shortest possible time frame (but not by hype just by the new optimised methods of operation).
Right now I cannot present any specifics as the ideas are yet to crystallise but we already get the sense of the new direction. Stay tuned.

popshot
about what changes specifically you speak?
how it will affect the cost of DMD and how it will affect ordinary holders DMD?

I agree, that's why there is great division within bitcoin community between those who are pro and those who are against regulations. Regulations, sensible of course, would open up the whole markets revolutionizing payments, not mentioning the kind of boost of value the coin would get. However, regulation is something that only the toughest, the best capitalised, the most established will be able to weather. The rest will be battered to death or pushed deep underground, possibly into Tor's deep web.  You are highlighting important point here, that decentralisation is great, but in terms of success, centrasiation is the only way forward in this rigidly regulated world.
Apart from that, Bitcoin researchers are working hard on finally coming up with working and reliable solution to the side-chain problem. This is great threat to a lot of projects out there and time is running out. Diamond should start moving in that direction at some point as well, but I believe there are also some other fundamental features that should be looked into and changed before we embark on that one.
Just don't despair folks, not everything is lost. We can rock this boat, but we need to make right decisions and not be afraid of the changes. There are businesses out there who would consider Diamond incorporated if presented the right way, so regulations are regulations but we can create conditions which would be good enough for some big player to use our services. 

I have commented many times before in the forums of other coins, and maybe this one too, that these crypto currencies will never make it to the mainstream given the way they operate today.  Having worked in banking for many years I know what I am talking about.  That's not to say there isn't a niche to fill, obviously there is.  The question is do any of today's currencies fill it?  I think Bitcoin comes the closest but there are some very significant issues with crypto currencies that must be overcome before anyone would be willing to base a system of trade on them.  I get that these currencies want to by anonymous and decentralized.  But the problem is a successfull currency has to be backed by a trustworthy source - someone who ensure the currency does not lose all of its value overnight.  Who is that trustworthy source with cryptos?  Mining pools are run by guys who have other jobs.  When things go wrong there is no requirement to respond.  If a bank has a failure it must recover in a time frame regulated by a government agency.  So who overseas these coins?  Most crypto coins are run by very informal organizations of "volunteers".  That sounds nice but how much risk are you willing to take on an operation like that?  A vendor who takes bitcoins in exchange for merchandise he pays for in dollars want to know that his bitcoins will not drop 50% in value overnight. 

I don't pretend to have all the answers, but I can identify some real issues that put the long term viability of all crypto coins at risk.  Banks will never back crypto coins in a serious way.  Banks know all too well what kinds of controls they must have in place to protect their deposits and no cryptocoin comes anywhere near what is necessary for banks to approve.

i see a wall of text and can just read

Diamond Evolution V3 

I have just returned from two day forum that took place in Riga. It was broadly about electronic money with some accents on crypto currencies.
It was actually very good with majority of audience and speakers being CEOs of mainstream companies like Visa and MasterCard Europe, yandex.money, Neteller,  (former) Head of Bitcoin Foundation, lawyers etc. It basically covered the full spectrum of the topic and has been a fantastic platform for networking.
However, I’m a little surprised that the technologies based on Bitcoin protocol haven’t been more endorsed by the mainstream players. It wasn’t a question of technological inability to do so, but rather lack of trust. It made me realised how small and insignificant bitcoin really is when comparing to other means of payments. Heads of financial services were very disapproving of this technology, which reminded me of Kodak which dismissed the idea of digital camera which later on proved to be the thing that killed their business.  
What one could really learn from this conference was that there is a wave of new laws designed to make bitcoin less barbaric. I’ve spoken with leaders in their respective fields and they are really keen on accepting bitcoin and altcoins but lack of regulation simply prevents them from doing it.
Another thing that one could learn is that even the hard-core sceptics could not dismiss that the strength of bitcoin is based on its sheer size of a hashing power and the utility that it serves.  It was great to talk to Jon Matonis and the head of Gigahash, this gave me great insight into things to come. At the same time showed how long road Diamond has to travel before becoming a real success.
The whole event left me with the sense of urgency that in order to move forward Diamond has to be bold in its actions, progressive and if necessary abandon some of the ideas it thought were right, for the sake of the greater good. In order to make any impact on anything we need to get to the top area of the market capitalisation list. We need to involve more people in the production of Diamond’s success, but we would not compromise on the general plan that has been set in stone a long time ago. All we need to do (this sounds like ‘just’ but hell it’s not) is to change our way of thinking, change our methods and create a community of creative people who will make all the difference. We are already heavily analysing possible outcomes  and to be honest with you, there will be changes and there is no way around it if we don’t want to stay just some small scale project on the peripheries of the altcoin scene – and the scene itself might not have much time left anyway.