[ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 698.

popshot

hero member

Activity: 774

Merit: 554

CEO Diamond Foundation

Quote from: Reggie0 on September 19, 2014, 12:16:31 PM

Sorry, I spend only 3 hours to inspect the source code, therefore I'm a beginner:)

Reggie0, I hope you will become a permanent community member. Thank you for all your insight.

----

Diamond Wallet update 2.0.4 will be realesed in the morning (UTC time). Because it's a hardfork situation PoW fix is deleyed by about 7 days so everyone has a chance to update - Cryptsy here we go again Wink

Reggie0

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Activity: 107

Merit: 13

Quote from: danbi on September 18, 2014, 07:31:24 AM

Your analisys is good and indeed it seems the better way to address the problem. Is there no problem for nActualSpacing > nTargetTimespan?

No, it is part of the normal operation.

Quote from: danbi on September 18, 2014, 07:31:24 AM

Doing some more tests, it seems that once we let this "negative" number in, it keeps staying negative. I am experimenting now with adding the same "make positive" code for bnNew as well. Do you see any problems with this?

Probably it will work fine except a little diff disturbance, but it requires testing.

Quote from: danbi on September 18, 2014, 07:31:24 AM

Also, while we are at this stage that requires forking, do you have any other code improvement suggestions?

Sorry, I spend only 3 hours to inspect the source code, therefore I'm a beginner:)

pokeytex

legendary

Activity: 1504

Merit: 1002

Quote from: danbi on September 19, 2014, 06:31:42 AM

Quote from: shveicar on September 19, 2014, 01:55:34 AM

Diamond network works fine in POS mode, I just sent 350 coins from one purse to another. But the mode of production new coin, is currently only available to those wallets that have coin. This is a good test of the entire system.

The "hidden" (*) feature of Diamond is that nothing is lost (except hashrate at pools, sorry about that). The coin mechanics is based on total coins in circulation, so this 'slowdown' just increases the mining at 1 DMD per block interval with just as much.

As we have focused initially in fixing PoS, all of the safety nets for PoS are already in place, we just postponed the inevitable fork to fix PoW. Again, this is an inherited bug, the bitcoin/ppcoin/novacoin code Diamond is based on is full of such crap. But, by slowly fixing it instead of just replacing it, as many other coins chose to do (it's way easier for developers), we preserve everyone's investment.

(*) It's funny that this feature has been explained so many times by cryptonit and everyone seems to ignore it -- understandable, as Diamond is unique in this regard, and people assume it works just like other coins.

Just sent you a little surprise for all of your hard work - Thank You!

danbi

sr. member

Activity: 393

Merit: 250

Quote from: shveicar on September 19, 2014, 01:55:34 AM

Diamond network works fine in POS mode, I just sent 350 coins from one purse to another. But the mode of production new coin, is currently only available to those wallets that have coin. This is a good test of the entire system.

The "hidden" (*) feature of Diamond is that nothing is lost (except hashrate at pools, sorry about that). The coin mechanics is based on total coins in circulation, so this 'slowdown' just increases the mining at 1 DMD per block interval with just as much.

As we have focused initially in fixing PoS, all of the safety nets for PoS are already in place, we just postponed the inevitable fork to fix PoW. Again, this is an inherited bug, the bitcoin/ppcoin/novacoin code Diamond is based on is full of such crap. But, by slowly fixing it instead of just replacing it, as many other coins chose to do (it's way easier for developers), we preserve everyone's investment.

(*) It's funny that this feature has been explained so many times by cryptonit and everyone seems to ignore it -- understandable, as Diamond is unique in this regard, and people assume it works just like other coins.

danbi

sr. member

Activity: 393

Merit: 250

Quote from: big_coins on September 19, 2014, 01:34:38 AM

Quote from: danbi on September 19, 2014, 01:23:31 AM

Quote from: big_coins on September 19, 2014, 01:18:30 AM

if mining is turned off. How are coins sent and when they are sent where does the sending fee goto ?

The network does not care if it is an PoW or PoS block. Transactions get included in PoS (minted) blocks as well. The fee should be destroyed in this case.
The drawback is, it's 10 times slower.. just as Bitcoin.

The fee is destroyed Shocked

That needs fixing then doesn't it. Make enough transactions and all the coins in circulation eventually will be destroyed.

Amazing elementary stuff like this doesnt get fixed.

Hehe, "you hold it wrong"

With a PoS block, there are *always* new coins generated. As far as I remember however, the "transaction fees" are just dropped on the floor. This is *by design*.

For example, you stake 1 DMD. Your earliest chance and least interest is after 7 days. With current 50% per year (365 days), this makes 7/365 DMD of interest, or about (rounded) 0.0192 DMD *created*. The typical transaction fee is 0.001 DMD, so you would have earned (as PoS miner) 0.0202 with the fee included. In fact, you also pay fees for that PoS block -- so a PoW miner could earn it if the next block is PoW. All this gives incentive for PoW miners.

Not a perfect system, but burning fees is not really bad. it keeps inflation under control. In theory, with very low PoS rewards, that could happen, just as if you print only 1% of the banknotes in circulation and wear 2% of them -- at some point you will have no banknotes at all. But for Diamond such possibility is decades away.

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: paladin281978 on September 19, 2014, 04:01:09 AM

Why DMD so sluggishly responds to changes course BTC compared with other coins?

why a rabbit runs faster than a elephant?
because he must be able run for his life in a fast zig-zag changing direction
his life is short and he have many things to fear

the elephant can go slow but straight in the direction he want
he dont have to fear anything he can trust in his own strength and durability

i really hope we can slow down the value raise
we want provide our cloudmining investores good DMD payouts
if now DMD even without cloudmining raise so fast guess what happens when cloudmining kicks in......

paladin u can support price stability and counter price raising
by sell ur DMD and invest in something that is in your eyes not sluggish

paladin281978

hero member

Activity: 742

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Why DMD so sluggishly responds to changes course BTC compared with other coins?

M0ndialu

hero member

Activity: 819

Merit: 1000

Quote from: cryptonit on September 19, 2014, 02:52:06 AM

Quote from: M0ndialu on September 19, 2014, 02:39:57 AM

groestl mining pool ? Sad

direct groestl mining is on hold until next wallet release and the POW restart trigger is reached
(so expect a week POS only mode because we dont want trigger POW acvtive to early all people must have a chance to upgrade wallet)

meanwhile use http://multipool.bit.diamonds/
there are a lot algos u can use to earn DMD

ty

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: M0ndialu on September 19, 2014, 02:39:57 AM

groestl mining pool ? Sad

direct groestl mining is on hold until next wallet release and the POW restart trigger is reached
(so expect a week POS only mode because we dont want trigger POW acvtive to early all people must have a chance to upgrade wallet)

meanwhile use http://multipool.bit.diamonds/
there are a lot algos u can use to earn DMD

M0ndialu

hero member

Activity: 819

Merit: 1000

groestl mining pool ? Sad

utahjohn

hero member

Activity: 630

Merit: 500

Quote from: big_coins on September 19, 2014, 02:15:21 AM

Quote from: utahjohn on September 19, 2014, 01:43:56 AM

Quote from: big_coins on September 19, 2014, 01:36:39 AM

I use intel boards (30 of them) for my farm. Never use powered risers totally not needed and I run 6 GPU per motherboard from 2 PSU's.

What board/cpu/ram combo, I have 1000W PS that is still good ...
I'm using the cheap chinese powered USB3 cable risers ...

Gigabyte 990FXA-UD3 + cheap ass semperon + 4GB cheap ass ram + cheap ass ribbon risers from mr ping. 2 x 1000w psu second one forced on by shorting pins 3/4 so its allways on

Still a big replacement cost for mining Sad

but 990FXA-UD3 looks like a good choice if I can find cheap used components (fixed income retired ...) on ebay.

Might be better off buying some hashrate when my check arrives, however now have GPU's sitting there on table doing nothing Sad

I'd rather be mining groestl directly ...

shveicar

legendary

Activity: 1414

Merit: 1013

DMD info: https://diamond-info.github.io/

Quote from: big_coins

maybe good for system but very bad for the coin as liquidity just got killed.

On the contrary, very good, that the coin goes through various tests. For example NXT initially operates in 100% POS and they have no problems with liquidity. Soon developers will release a new wallet, and Diamond will be even more high-quality coin.
I think soon, many will regret that did not buy a Diamond now at such a low cost

big_coins

full member

Activity: 175

Merit: 100

Quote from: shveicar on September 19, 2014, 01:55:34 AM

Diamond network works fine in POS mode, I just sent 350 coins from one purse to another. But the mode of production new coin, is currently only available to those wallets that have coin. This is a good test of the entire system.

maybe good for system but very bad for the coin as liquidity just got killed.

big_coins

full member

Activity: 175

Merit: 100

Quote from: utahjohn on September 19, 2014, 01:43:56 AM

Quote from: big_coins on September 19, 2014, 01:36:39 AM

I use intel boards (30 of them) for my farm. Never use powered risers totally not needed and I run 6 GPU per motherboard from 2 PSU's.

What board/cpu/ram combo, I have 1000W PS that is still good ...
I'm using the cheap chinese powered USB3 cable risers ...

Gigabyte 990FXA-UD3 + cheap ass semperon + 4GB cheap ass ram + cheap ass ribbon risers from mr ping. 2 x 1000w psu second one forced on by shorting pins 3/4 so its allways on

shveicar

legendary

Activity: 1414

Merit: 1013

DMD info: https://diamond-info.github.io/

Diamond network works fine in POS mode, I just sent 350 coins from one purse to another. But the mode of production new coin, is currently only available to those wallets that have coin. This is a good test of the entire system.

cryptonit

legendary

Activity: 3052

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: big_coins on September 19, 2014, 01:18:30 AM

if mining is turned off. How are coins sent and when they are sent where does the sending fee goto ?

like danbi explained
POS fullfil 3 roles

rewarding stakeholders
securing network
fallback mode able run as pure pos coin

in the moment we can see it handle all 3 roles perfect

people earn DMD rewards just for hold and secure the network with their wallet
and this process called minting blocks
is able to handle all transactions on his own in case of
missing pow blocks

we are like a plug in hybrid car that drives in pure electro powered mode
to the next gasoline station because we forgot to fill our tank

basical we there already and we filled the tank
but danbi did choose to combine this with a oil check and pressure check of tires

utahjohn

hero member

Activity: 630

Merit: 500

Quote from: big_coins on September 19, 2014, 01:36:39 AM

I use intel boards (30 of them) for my farm. Never use powered risers totally not needed and I run 6 GPU per motherboard from 2 PSU's.

What board/cpu/ram combo, I have 1000W PS that is still good ...
I'm using the cheap chinese powered USB3 cable risers ...

big_coins

full member

Activity: 175

Merit: 100

Quote from: danbi on September 19, 2014, 01:21:55 AM

Quote from: utahjohn on September 18, 2014, 10:52:17 PM

Grrr just had a mb go up in smoke mining scrypt-n ... Intel DG965RY board dead now no boot no beeps, p/s voltages read good ... hope my GPU's not fried ...
Both GPU's are on powered risers. MB memory hot as fire can't touch. Assuming MB VRM died Huh

Assume Ram fried as well Sad

I'm down to minting only until I can build a new mining box Sad

Will test my GPU's in home entertainment box make sure they are OK ... Any donations of motherboard/cpu/ram would be greatly appreciated

I had few of these fry while mining scrypt months ago. Apparently, the power draw of the GPUs (the typical powered riser only supplies 12V, cards draw lots of power from 5V and/or 3.3V). These older boards are not really engineered well for huge consumers on the bus. Apparently their thinking was that 100W of the P4 CPU was way too much back in the days..

I have not analyzed yet the causes, but.. got a pile of those. None dies with Groestl

I use intel boards (30 of them) for my farm. Never use powered risers totally not needed and I run 6 GPU per motherboard from 2 PSU's.

utahjohn

hero member

Activity: 630

Merit: 500

Quote from: danbi on September 19, 2014, 01:21:55 AM

Quote from: utahjohn on September 18, 2014, 10:52:17 PM

Grrr just had a mb go up in smoke mining scrypt-n ... Intel DG965RY board dead now no boot no beeps, p/s voltages read good ... hope my GPU's not fried ...
Both GPU's are on powered risers. MB memory hot as fire can't touch. Assuming MB VRM died Huh

Assume Ram fried as well Sad

I'm down to minting only until I can build a new mining box Sad

Will test my GPU's in home entertainment box make sure they are OK ... Any donations of motherboard/cpu/ram would be greatly appreciated

I had few of these fry while mining scrypt months ago. Apparently, the power draw of the GPUs (the typical powered riser only supplies 12V, cards draw lots of power from 5V and/or 3.3V). These older boards are not really engineered well for huge consumers on the bus. Apparently their thinking was that 100W of the P4 CPU was way too much back in the days..

I have not analyzed yet the causes, but.. got a pile of those. None dies with Groestl

What really sucks is I had just upgraded from 2G to 4G MB ram a few days ago and probably that is fried as well judging by how hot they are now (burn fingers!) Removed all ram, gpu's and still no POST no BEEPS but PS starts and all fans run I guess MB is truly DOA Sad

big_coins

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Activity: 175

Merit: 100

Quote from: danbi on September 19, 2014, 01:23:31 AM

Quote from: big_coins on September 19, 2014, 01:18:30 AM

if mining is turned off. How are coins sent and when they are sent where does the sending fee goto ?

The network does not care if it is an PoW or PoS block. Transactions get included in PoS (minted) blocks as well. The fee should be destroyed in this case.
The drawback is, it's 10 times slower.. just as Bitcoin.

The fee is destroyed Shocked

That needs fixing then doesn't it. Make enough transactions and all the coins in circulation eventually will be destroyed.

Amazing elementary stuff like this doesnt get fixed.

Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 698. (Read 1260677 times)