Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 696. (Read 1260677 times)

thanks very much cryptonit .... i found my way there.... yep its in the "i dont know so dont touch" category... thanks for ur time anyway

u mean coin-control
u activate it under display option
then u can see in send coins tab a select input button
thats coin cointrol
there u can see all ur address your coin pile and how old they are

its not required to do any "clean up" diamond code should handle coin grouping by itself
so if u not 100% sure what u do dont do it
worst case u can destroy a lot coin age by moving coins around u kill all their coin-age

i myself managed killing like 500DMD worth of coin.age by wrong use coin control
yelling at danbi "thats bugged" got me the answer thats how it works like in any other coin with coin-control
its for now just a advanced tool without any security net that tell ya u sure u wana destroy xy coin-age by moving coins around

yes we have coin-control (the same code as all other coins with coin-control)
yes we not happy with its basic functionality
but we leave it as advanced user function turned off by default
a improved coin-control is on our todo list

the positive point is other coins force u to soirt ur coins or u end in endless coin pile spolit each time they mint
Diamond code fixed this and its no issue for u

small coin pile older than 30 days will merge together at minting process (up to 100DMD pile size)
and this way counter the endless halving of coin piles

when the is low POS difficulty even small coin pile might successful mint before 30 days age
the they get split again

which is in this case good

its a auto-adjusting system that make sure always enough coin piles existing in network so every possible POS slot will be claimed
but not split coin pile above that leading to endless halfing of coin pile

thanks mate for the answer

we not working on this we implemented it already......
another achievement that most people didn't even detect
but which clear strength DMD Diamond position of best POS coin on market

Open Wallet Help menu, click debug window then select console tab and type help to see list of commands.

hi team, i read this thread every day... however i cant seem to find in the 168 pages, where it said how to clean up ur wallet... also there a a few things i would like to know where to find them... like where do u see coin-age and coin pile... and is there a command list for the console tab in the wallet so i know what to type... thanks dev team....
                                                                     mugwarh

@Danby
Nice to hearing you are working on this. 

This is how PoS works with most coins, because they have it misconfigured.

With Diamond, we made sure small piles are periodically grouped into 100 DMD piles. This resolves the 'dust' problem. We are working on improving the performance in cases with tens of thousands piles.

The answer to this 'will I get more return if I PoS more frequently' is very simple. It's well understood in banking as 'compound interest'.

Please explain how to set up single change address and get rid of large number of change addresses.
Also I would be nice to have an easy way to consolidate small piles into single coin piles within wallet (without having to dump all addresses and priv keys and re-import them ... ugh ... ugly sloppy way to do it lol).
Something like a "defragwallet" command to do this automatically

I don't think you get more DMD with 24/7 Pos. The problem is: Each pile of coins will be split into twins child each time minted. Ex: 1000 DMD will be split to 2 twins pile with 507.794 DMD each pile. As I read from http://bit.diamonds/community/index.php/topic,46.msg376.html#msg376
a wallet balance 1000 DMD have 1 pile will be Pos as below table:

http://i1295.photobucket.com/albums/b632/nguyen3cmjsc/Untitled-1_zps1326bf0a.gif

After few months, there will be alot of piles with very little amount DMD in your wallet. When pile have little balance,  Pos will take very long time. I have a pile with 1.68 DMD in wallet received from 08/06/2014. It's not POs until to day (09/20/2014) although my wallet is opened for minting 24/7.
@Cryptonit, can you explain clear about it?

I have some private server. I ran DMD wallet (with initial automatic address) 24/7. It help to speed up and secure DMD network.

Base: 1000 DMD

Once a year:  1,500.00 DMD
Once a month: 1,632.09 DMD
Once a week:  1,644.79 DMD

As you can see the returns are just slightly higher, but please note that you as a participant are securing the whole network, meaning you secure your own investment.
In each society there are always people who off load responsibility on the others thinking that someone will take care of the things. It doesn't work well in crypto and open source projects. This could lead to situation that network becomes very vulnerable - at the moment the attackers can obtain majority in PoW hashing. However, they are not able to obtain majority in PoS - but it's not impossible. The more legitimate users stake, the more often they do it, the better for all of us as the difficulty will be preventing attackers from executing 51%.

Minting does not cost anything / comparing to mining and anyone can have their wallet open in the background.

So for the sake of us all we should participate in PoS minting as much as we can.

hallared made good analysiz

just if u have 100 dmd age 7 days and wallet open in mining mode its still not sure u will be able mint them before they get older

it all depends on whole network minting behavior

if people mint big coin pile once a month in the time beween small coin pile will find easy a minting slot

if lot people run their wallet 24/7 in minting mode it need some time/luck until a smallcoin pile will be able to mint (or some more coin age then even small pile increase coin weight)

so 24/7  is in my oppinion good for big dmd shareholder (1% or more of total coins) to protect network

and once or twice a month for small shareholder below 1000 total dmd

and for all people beween being big or small i guess its just ur flavor that decide

any 24/7 wallet is beside minting blocks also supporting network by relay data between wallets
so they always welcome even empty without coins

ideal to support network is a static ip and listen=1 in conf

User 1 will get a bit more coins than User 2, but User 1 will of course use more electricity.

Just as an example we assume that both User 1 and User 2 has 100 DMD in his/her wallet. User 1 will be able to PoS as soon as his/her coins reach mature PoS age of 1 week, and User 2 will PoS once every month. There will then be 52 PoS transactions for User 1 and 12 PoS transactions for User 2. The interest per transaction will be 50%/52 weeks=0,9615% for User 1, and 50%/12 months=4,1667% for User 2.

Using this formula you can calculate each Users amounts after 1 year.

User 1: 100*(100%+(50%/52))^52 = 164,48 DMD
User 2: 100*(100%+(50%/12))^12 = 163,21 DMD

As you can see the difference is rather small, only 1,27 with 100 DMD. In this example we assume that PoS will occur every week and every month for the Users and that the total amount in each Users wallet will PoS every time. But in reality PoS depends on luck, difficulty, and other factors so the above calculation is theoretical.

yes i need to know this, does compounding effect the outcome. I'm guessing it does. And if it does the sooner minting happens the better hence my earlier question regarding number of pc's (or GPU) to power it.

Wallet updated 

We're waiting for PoW reactivation. Really good job.

Very good question that I have never seen a clear answer for anywhere.

Two wallets with 100 DMD, one open 24x7x365, and the other 1 hour each month, what are the minting returns for each at the end of one year?

Earn more than, who has more coins in his wallet.
if you take one wallet with 1000 coins and two wallet with 500 coins, then in theory, there should be no difference between the income in these cases.
 Many people now do not realize that soon mining mode Pow will be not available and will be only in the mode of production of POS if in your wallet a lot of coins you will be rich.
 Diamond is the quick coin. It is much faster than the slow NVC and PPC moreover, the number of coins in the system is limited, be only 4.3 million coins.
This cost-effective and environmentally friendly system.

who will get more coins in 1 year.

user 1 wallet open 24x7x365

or

user 2 wallet open 1 hour each month total 12 hours.

that make no sence for pos so no posibility to do that
there is only a simple hashing involved done by cpu
the biggest part who will be able mint next block is decided by the coin age (to be exact coin-weight) of involved coin pile in ur wallet

please read here if pos and minting coins  is a miracle
http://bit.diamonds/community/index.php/topic,46.msg376.html#msg376
most devs dont understand pos full as described there so no shame if it confuse u at first read
if ya spend time u will understand mechanics

but its not required

the easy explaination open wallet one or two days a month for a few days in minting mode
and u will claim ur pos rewards is all u need to know if u not love to dig in deep into technical terms and cryptocoin mechanics

can minting be run by GPU ?