Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 72. (Read 1260706 times)

I totally agree with @davembg. It is right and the only happy people here are the ones who staid long enough, for years. For us, the new ones, is just wrong, for the above and very well explained reasons. You have to do better then that. I think that you could charge for all your daily jobs that you have to, you don t close a mining farm just because it is too large... it is all WRONG what you do....

in their FAQ u can read there is no limitations for non verified users beside u not able deposit/withdraw FIAT

Well, it is a new exchange, we have all been testing it for some time.
As with any exchange, big or small, it is not recommended to keep large amounts of your funds there. Other then that, they should be OK.
But once you perform your trade, move your coins from that exchange.

Is the crex24 exchange secured for withdrawing to trade there?

I've stated what I think is fair for "ending the project".
Keep paying the daily DMD as specified by the project - or, return the value of the initial investment.

Anything else I have to say makes no difference as you control the project.
I've learned over the years, it's useless to offer dissent here.

Thanks for letting everyone know.

I for one am extremely happy with the DMD cloud mining service.  I invested sometime in 2014 or 2015 and have received consistent payments from Cryptonit!  Thank you for being such an honest, stand up person!  I will consider any service you offer in the future! - pokeytex

what could be more fair then share all thats left in a many month duration liquidation phase
between the people in a way that we try to make reach everyone green numbers in the end

would it in your opinion be more fair
keep paying people who hit 200 - 300 - 500 and more percent roi
and have in the end when all funds used up some people who didnt reach 100%

or would it be more fair try to make everyone end this project above 100% ?

agreed was to have payout for project lifetime

and the project lifetime ends now
and it it moved into a controlled soft shutdown phase
that is set up in a way that noone should not reach green numbers in the end

a responsible project owner have to set the right steps early enough
and not close the eyes and drive full speed in a wall

the right step is to slow down and stop it before it hit the wall
and make sure noone is harmed

I'm going to keep this friendly, but, I'm not happy.
I confim and understand I made the choice to send my BTC over the years, that's on me.

There is one inherently wrong method in the calculations -
The service is NOT taking into account the exploding rise in BTC, but, calculating the explosive rise in DMD.
ie - You've calculated BTC at it's worth in USD at the time of investment while paying DMD dividends in real time.
This works fine is DMD is paid in perpetuity - not so much if it stops when the "fund" runs out of DMD

I don't see how DMD Cloudmining can stop payouts simply because isn't no longer viable or profitable.
The best option is to refund investors investment over the years in BTC, or, continue paying in DMD as agreed.

That's what seems fair to me.

Also, please share who is running the service - what is their BitCointalk username?
There needs to be repercussion for this - i.e. - trust setting needs to be adjusted accordingly.
If you decide to change the terms of an agreement, it's only right to expect fair comments and fact-based discourse.

People, you need to understand that cloud s been running since 2014. Recent increase in the number of users has made this operation quite demanding from the position of manpower, risk, infrastructure, etc.
As Cryptonit wrote, nobody will be left without reaching profits and most of the old users have reached 200% by now.

There is a possibility we decide to start a new operation on similar grounds in the future but for now we have to focus on DMD Diamond development. We are going to have news about future development for you soon, DMD is and has always been very profitable and we intent to keep it that way.  

in case u are a satisfied cloud user post some as i hope positive farewell message as responce here
because i expect some not so friendly replies it would good to see a whole picture and not only the unhappy ones

and please be aware DMD cloud is a independent 3rd party project run by me
and in no way it means that DMD Diamond itself is in any danger

DMD Diamond is in a perfect shape and we have a big foundation meeting in march to
decide the future steps to improve even more

Dear Diamond Cloud Mining participants,

The Cloud started in September 2014 as a free service for a few core supporters of DMD to conveneintly accumulate coins without the need to constantly monitor markets and setting up loud and enegry intensive mining rigs.

From the beginning it was meant to be a convenience and network support service only. However, a few years later Diamond Cloud Mining has grown to the size that goes beyond its original scope as it accommodated for the needs of many more people than originally anticipated. With the recent astronomical rise of interest in cryptocurrencies and profit generating services in particular we saw the numbers of new members signing in soaring significantly and came to conclusion that the service cannot operate in the current shape and form.

Over the years, DMD Diamond Cloud Mining brought nothing but profits to all those who participated in this supportive action of the Diamond network. With todays notice we stop accepting new members and buying Cloud Mining shares is no longer possible. From now on the only avaliable service will be Diamond Multipool while any BTC that is sent to the Cloud Mining service will be automatically converted to DMD.  

Furthermore, the structure of the service and the way it operates has to change significantly, so it's capable to effectively manage such great numbers of participants, we have no choice but to start fresh. This means a complete soft-shutdown of DMD Diamond Cloud Mining, soft means it will run until every person who donated BTC will see green numbers. Shutdown meam if you far in green you will no longer recieve payouts while those who are still behind will keep recieveing rewards until that happens.  No single user will be left behind.

As the service is being phased out we will be looking into ways of forming a new service that would be better suited for the mainstream crypto environment and not only a small scale operation. As the market matures it requres different approaches and solutions and that what we would be researching in the coming months.

We want to thank everyone who put trust in us over all these years and supported the network. It was a great experience and pleasure to help so many people getting their hands on precious DMD Diamonds. However, don't forget about us and stay tuned as the future is going to be bright.

Kind regards,

Helmut Siedl
(aka Cryptonit)

If u have questions regarding ur cloud account email [email protected]
and tell me ur registered dmd address
but basically for now in first stage if ur well above 150% return that explains why ur account is shut down (set to ~1 share with minus bonus shares)
the 150% might adapt in future deepending on how well the liquidation of cloud funds and final payouts work out
u can expect the soft shutdown run for multiple months until finished

there is a guide for claim ur DMD in new chain
https://bit.diamonds/how_transition_short.pdf
there is no timelimit beside the move ur coins before 10 years unmoved timeframe is over rule

Long time no see! A crypto giant from the good old times still alive Wasn't there a swap in the past? I remember owning some DMD but I couldn't get my wallet to run and it wasn't worth that much back then. Things have changed obviously.

to incentive trading on new exchange i placed some cheap DMD there

https://crex24.com/exchange/DMD-BTC

starting at 0.00148

thats cheaper than everywhere

I do not know why some users on Windows 10 have such problems.
I tested my wallet for several days and have never seen such a problem.
I used the enterprise version of Windows 10 (windows 10 enterprise 2016 ltsb x86 9058173) which removed unnecessary modules and the app store.
In addition, I disabled all automatic updates and system shutdown hard drives and hibernate.
Exactly the same settings I did in Windows 7.
All these settings are necessary for the continuous operation of the computer with the DMD wallet in POS mode.
I also turned off the power to check the wallet for damage to the blocks, but I never got this effect in the new version 3.0.0.15.
Therefore, please prepare your computers for continuous operation (check system services configuration).
If you see any problems after that, go to the #Slack channel.
We have opened a section #support where you can place the logs from the wallet.
Without it we can only of the guess what was going on.

windows qt wallet always crashing, any idea why this is happening?

I have the latest released wallet here and the other day I had my computer shut down and when I restarted it and went to open up the DMD wallet I got an error and had to abort. I then had to delete everything in the app data roaming DMD folder except for the wallet.dat and re-sync from the start again. I thought the new release was meant to prevent this from happening?

Such a good store of value. Plus the passive income is an extra bonus