Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 795. (Read 1260677 times)

deleted blockchain, peers.dat  and re-loading it ...  Switched to X11 mining till re-sync done ...

If the blockchain has forked the question is why?

In case u need copy of forked chain (if so) I have a zip file I made including peers.dat and debug files.

Loading wallet on another computer which I have not opened wallet for a time before I noticed diff change ... see what it says...

OK on another computer with backup wallet it synced right up and is not showing those blocks I was getting on other computer.  So I would say yes there was a fork ...

20:57:15

getinfo


20:57:15

{
"version" : "v2.0.2.1",
"protocolversion" : 60006,
"walletversion" : 60000,
"balance" : 163.00967500,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 456865,
"moneysupply" : 443658.12036400,
"connections" : 3,
"proxy" : "",
"ip" : "71.219.154.246",
"difficulty" : 35.39077184,
"testnet" : false,
"keypoololdest" : 1395368265,
"keypoolsize" : 101,
"paytxfee" : 0.00000000,
"errors" : ""
}

Please see http://dmdpool.digsys.bg/bc/ .. Difficulty at the moment is 60. You might be on a forked chain.
Revert to the earlier copy of the Blockchain if you have one and if not download one using the link in the first post and sync again.

Is something broken with DMD I have found 92+ blocks @ 21MHs in past few hours  Diff around 0.32


19:32:59
?
getinfo


19:32:59
?
{
"version" : "v2.0.2.1",
"protocolversion" : 60006,
"walletversion" : 60000,
"balance" : 163.00967500,
"newmint" : 99.00600000,
"stake" : 0.00000000,
"blocks" : 456643,
"moneysupply" : 443425.02036400,
"connections" : 3,
"proxy" : "",
"ip" : "71.219.154.246",
"difficulty" : 0.36387108,
"testnet" : false,
"keypoololdest" : 1395368265,
"keypoolsize" : 102,
"paytxfee" : 0.00000000,
"errors" : ""
}

Not complaining if these are valid block LOL why is diff so low suddenly?

do you know what would happen to the coin and its price at such rate? There are plenty of examples of Diamond clones which used such high return settings. They were dead within a few months. Exponential inflation killed them.

I understand that people feel better when they see big returns, but such approach is very short sighted and based on some uneconomical assumptions.
If you look for stability and want to be sure the money invested won't decrease over time look no further than low inflation rate (based on pure coin mechanics). All good coins aim for either deflation or controlled and small ~1% annual inflation rate, this creates demand for on the market coins bumping the price. The specs we have with Diamond are not taken just out of the thin air, we spent a lot of time analysing different monetary models and came to conclusion that this is it.

50% per year might sound like not that much but, first of all it's as good as it gets for this coin, after the 50% PoS period we will be on the way to very low yearly inflation model.
Secondly, you should not judge future returns based on the current market value. Diamond is severely udervalued coin, with hard workers at its core and growing community we're going to see NASA sending miners to the moon, because that's where Diamond is heading.

popshot

I understand that.
but it turns out very little.
better when 50% per month

Finally found our first block! 

https://www.minep.it/pool/DMD/

It really doesn't matter if it's a single or hundred transactions, each coin stakes on its own. The mechanism in place will be automatically grouping coins to increase the chances of successful staking.
For the sake of the argument, yes, 1000 DMDs in a single transaction would produce 500 DMDs after one year (without staking throughout a year). Your maths is right.
However, if someone tried to stake each week he would not be staking on 1000 DMDs each time but in the following week he would stake from the amount of 1010.416 DMDs .. and so on..

popshot

Yes, my inattention.
so: 1000 DMD in one transaction will give 500 DMD (50%) per year
500/12 months = 41.666... DMD in a month or 41.666.../4 weeks = 10.41666... DMD in a week.
Correctly?

Thank you very much Sir!

Hmm.. I'm really puzzled on how you arrived at the number 83.3 as 50% of 1000.
How I understand it 50% interest of 1000 after a year (annum) would give me + 500 DMDs or in total 1500 DMDs.

We have lowered the threshold of minimum coin maturing time,for two reasons.
The first one is that we didn't want force people to wait for extended periods of time before being able to mint. 30 days in crypto world is a lot of time and Diamond holders have already been waiting for far too long to do it. They simply deserve to get it here and now.
Th second reason is improved network security. Proof for Stake to be effective in securing the network needs to be constantly active (people staking all the time). 30 days does not give such protection unless Diamond is widely popular and spread, which it isn't yet.
There's another benefit of minimum 7 days required. Compound interest. Someone who stsakes every 7 days throughout the year would get more in return then someone who staked once after a year with his full amount.

This said, I want to note that people will have to learn on how PoS works and adjust their expectations to the reality. 7 days threshold does not necessarily mean that exactly after 7 days everyone is going to stake at the same time. The more coin age you have got the more likely it is to stake sooner than the others. Its a lottery not a given.

PoS is set to 50% per annum with minimum 7 days coinage required.
talked about 30 days...
please give an example of calculations using as an example the sum 1000 DMD (1 transaction)
1000DMD/12 months=83.3.../4 weeks=20.83...DMD after 7 days (very little...)
correct calculation?

Here's HR's guide on how to solomine:
https://bitcointalksearch.org/topic/m.6562457

Thanks for that link

I've been trying to modify the normal python stratum server we use but it was taking too long. I've switched to NOMP server now and we're currently testing whether it will accept blocks properly. Hopefully will be OK and we can get mining properly

Who can help me to setup my card to solo mine DMD? I curently pool mine and i dont know what command to use in .bat file to solo mine. Can anyone tell to a noob like me the complete steps? Thanks alot! 

Just re read what I've written and then you might understand that our aim was not to be parallax (so much associated with bootstrap framework) and I admitted it needs refinement (language and other elements). I'm not fulling anyone, even if it's 200% bootstrap, who cares? It represents Diamond just fine.
Thanks for your feedback.

It's 100% bootstrap. Who are you trying to fool?


Just another generic, template, crypto website.   http://www.maxcdn.com/


Oh, and the English needs revision too . . .



. . . with tinypic images !?!?!? http://i41.tinypic.com/15i2mfp.jpg



Add: PM me if you ever want to get serious with your public image (I do websites and localizations at going rates).

great job!
i know how much blood and tears u invested!

as ya can read here
http://bit.diamonds/mining.html

14.6 improve is on new chips like  amd270 and amd290 GPUs

amd280 use the old 7970 chip

Good job. Now I see that you are not sitting idly by. Certainly site needs more refinement, but it is already clear that this will be a grand project.
Thank you.