A Quick Note to the CommunityThis is not the time to be alarmed, nor are we dealing with something of such magnitude that should cause alarm. Bugs happen. Not everything in this world is perfect. In fact, most everything is not, and computer science is no exception by any stretch of the imagination. Bugs happen, and nobody's perfect. My God, what is Microsoft's threshold for known issues for a new OS release? 2,500? I'm not sure if I have that number correct or if it's actually higher, but that's the number of KNOWN issues they have to get below in order to bring a new OS to market. 2,500 known issues are your 'freebies' when you buy a new MS release!
My hope is to put things into perspective here. The DMD relaunch issues are really quite minor issues in my opinion. Issues nonetheless, and issues that must be dealt with, but certainly manageable and, ultimately, fixable.
In my first post at Diamond I said that the most important thing was getting things right, and that everything else was secondary. http://dmdcoin.net/forum/index.php/topic,688.msg1562.html#msg1562 That was heartily seconded by DMD team members, and rightfully so: what matters is not how long it takes you, but whether or not you get it right.
We should all be very calm and very relaxed. I've said before in this same thread that I think this Dev team is a group of very capable VISIONARIES, and I still maintain that. Hey, nobody's a magician. One thing I always tell my customers is that I'm an IT technician, not a magician. We all need realistic expectations, and we can't expect the impossible.
Going beyond their visionary aptitudes, what's more important still is their level of commitment. I wrote something here on BitCoinTalk a while back expressing what I think about commitment and how it relates to and will influence future crytocurrency success or failure. https://bitcointalksearch.org/topic/its-as-simple-as-supply-and-demand-557086 Commitment is THE KEY, and would anyone dare say that these guys are not committed? Do doubt about it, the job will get done – where there's a will, there's a way (and they have the necessary knowledge to do it as well). It's not a question of if, rather simply a question of when, and it will be done right, and will have been well worth the wait. We should all be 100% certain of that outcome given their level of commitment.
Of course, this is to say nothing about our level of commitment, that is to say, the community's commitment to work with the Devs and with each other as well. With regards to my tongue-in-cheek comments about fairness from earlier on, and comments made by others in this same regard, like some have said, “shit happens”. On a practical level, there's nothing we can do about someone having taken advantage of the situation by solo mining “easy” Diamonds. On the other hand, perhaps that's all folly to begin with, the matter of “easy” Diamonds that is. “Easy” Diamonds? Were there really any easy Diamonds? By my calculations, the rate of mining using the “temporary” blockchain info https://bitcointalksearch.org/topic/m.6508420 (supposing that that info is accurate, of course) is about 1/3 that of regular mining, that is to say about one new block every three minutes and not every minute. That is pretty miserable profitability when compared to what you could have done mining Groestlcoin in the meantime . . . unless it's just a handful of opportunists who are taking down all those Diamonds. Even if those few Diamonds are falling into relatively few hands, I can assure you that at current exchange rates the average Diamonds being mined daily don't translate into much more than $250 USD daily. Nobody's getting rich on this, and it's really not worth our time.
As for the rest of us, if we had all taken cryptonit's advice and set up our mining rigs to mine Groestl in anticipation, we would have all been mining the most profitable coin while waiting.
we are eagerly waiting for the new wallet and hope you will also show some instructions on the groestl mining because no one really knows how to mine in this algorithm properly.
use the time to learn how to mine groestlcoin
that knowledge will work 1:1 for diamond mining too later
just other pools
here are the batch files i use for amd290 amd280
http://dmdcoin.net/forum/index.php/topic,725.msg1689.html#msg1689 That's right, I said most profitable, and it has been. If you go to coinwarz and do the calculations, putting in real time, real world, hashrate and electricity cost values, you'll see that it's not only the most profitable at the moment, but that it has also been the most profitable coin over the last 14 days!
Here's a referral to my Ubuntu HowTo from cryptonit:meanwhile good news a nice guide how to mine groestl algo with linux
http://dmdcoin.net/forum/index.php/topic,355.msg1701.html#msg1701and his impression:
Like it's Christmas.
Running at 62º Celsius! Pulling 179-180 W from the wall. That's phenomenal. Down from 325-330. Just slightly over half. My electricity bill is going to love this. Maintaining an average hashrate of 4.6 - 5 Mh/s and generating the number of coins expected. I'm getting a full performance confirm all the way around. The profitability picture changes radically with this. (I'm getting very interested in looking at putting some CPUs to work as well, but don't have the slightest idea as to the profitability of that . . . yet).
update:
my own impression mining with two rigs 3x amd 290 and 6x amd280
with scrypt i did use 3000w all together
with groestl im at 1500w all together and silent
using windows 8.1 one one and windows 7 on other rig
Could there be anything more appropriate to use as an example to demonstrate just how “visionary” the DMD Devs are than to directly point out that they are the ones who are taking DMD in the same direction as what has become the de facto number one coin to mine? Most certainly, Groestlcoin has benefited from what DMD is doing, so let's say that there's some give and take going on here, but the point is that if you had set your rigs up for Groestl and mined Groestl in the meantime, far from having missed out on something, you would have actually been mining the best coin out there (until DMD gets back in the saddle of course ), and that, thanks to this Dev team.
When will it be time to point our miners at DMD once again? Here are the expectations that the Devs have given us:Hello community,
I just wanted to give you an update on the progress. We have everything in place, now we’re rebuilding the database which can take hours as you can imagine, and very often experience yourself. Downloading the blockchain is the part that slows the whole process down and it’s something that no one can do anything about. It just needs to sync on its own.
What happens next?
Next we pass the code to:
1. Cryptsy – they need to resync and test it.
2. Mining pools - they need to resync as well and adapt the software.
3. Community – you need to resync it and continue to enjoy the New Diamond Coin.
As you can see there are time blocks on the way to full release. It’s not ideal and it’s definitely not the way we’ve planned it. But life is life and we are doing everything we can to deal with it to minimise discomfort caused.
Stay tuned. It’s coming …
here one can see that we are a old coin
our blockchain is long......
and new optimized database of wallet need a complete resync one time
thats the price we have to pay to have a faster loading and better performing wallet later
im sorry we didnt realize before that until the wallet is useable by u a few times someone else must sync before
the extended test team
the exchange
the pool
and then u can download wallet and sync
that all adds up and is way beyond our expectations
so even we didnt run into any troubles it still need much more time
i guess groestlcoin must have a hashrate spike if all diamond friends abuse em as training field for their mining rigs.....
I think those are reasonable, baseline, expectations.
In the meantime, I would recommend that everyone get their rigs setup and mining Groestl so as to not “miss out” on anything, keep their DMD wallets open to keep the network active, actively engage in the troubleshooting process as knowledge and capability allows, and rest assured that this Dev team will get the job done. No doubt about it.
And to the Devs I would just say, chill baby. We're on the same team, all working together, and we know you'll get it done, but maybe it might be time to take an afternoon walk in the park, spend time with family and friends, and get a good night's sleep - personally, I know that some of my best work has happened away from the keyboard. Time to take a much deserved rest. It's Sunday afternoon already! One short note about me: I have two small businesses that keep me as busy as two full time jobs. It just so happened that this release happened on a weekend, and a weekend basically dedicated to R&R where I had some 'extra' time to dedicate to this. Thursday was also a holiday, so Friday was half gas for me as well. I usually don't have this kind of time to dedicate to this type of activity, but, as I've said, as luck would have it, in this case I did, and that being coupled with this launch being of exceptional interest to me . . . well, I'm sure you get the idea, and that you won't be expecting to see much of me throughout the coming week. My nick over at Diamond is DMDer, and if you plan on getting active in this community, you'll probably end up seeing more of me over there than here, so get on over there and reserve your nick while it's still time!!!