[ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 852.

popshot

hero member

Activity: 774

Merit: 554

CEO Diamond Foundation

Quote from: brother3 on May 01, 2014, 09:21:31 PM

Quote from: popshot on May 01, 2014, 07:16:21 PM

Downloading this blockchain is so frustrating it's like watching paint dry but at much much slower pace. I was in shock when I calculated estimated download time at over 13 hours even though I was almost mid way the chain. We've however found a way to speed it up significantly so fingers crossed this whole saga of miserable limbo ends tonight.

How do you speed up the blockchain loading? I feel asleep watching it Undecided

We prayed a lot Grin

But seriously: we did it directly through LAN with the copy chain it helped a bit

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

Quote from: brother3 on May 01, 2014, 09:21:31 PM

Quote from: popshot on May 01, 2014, 07:16:21 PM

Downloading this blockchain is so frustrating it's like watching paint dry but at much much slower pace. I was in shock when I calculated estimated download time at over 13 hours even though I was almost mid way the chain. We've however found a way to speed it up significantly so fingers crossed this whole saga of miserable limbo ends tonight.

How do you speed up the blockchain loading? I feel asleep watching it Undecided

xhamster

brother3

hero member

Activity: 980

Merit: 500

Quote from: popshot on May 01, 2014, 07:16:21 PM

Downloading this blockchain is so frustrating it's like watching paint dry but at much much slower pace. I was in shock when I calculated estimated download time at over 13 hours even though I was almost mid way the chain. We've however found a way to speed it up significantly so fingers crossed this whole saga of miserable limbo ends tonight.

How do you speed up the blockchain loading? I feel asleep watching it Undecided

popshot

hero member

Activity: 774

Merit: 554

CEO Diamond Foundation

Downloading this blockchain is so frustrating it's like watching paint dry but at much much slower pace. I was in shock when I calculated estimated download time at over 13 hours even though I was almost mid way the chain. We've however found a way to speed it up significantly so fingers crossed this whole saga of miserable limbo ends tonight.

cryptonit

legendary

Activity: 3038

Merit: 1053

bit.diamonds | uNiq.diamonds

but why i have that much time write so long posting instead of rotate because of wallet release

guess what.....

we missed cryptsy deadline for today and they can only start implemenenting our new wallet tomorrow in US workhours

so its sure no wallet release today sorry

we will try the best to get it done tomorrow

meanwhile u can try make someone panic sell his dmd to buy in cheap Grin

just sad it looks like that plan isnt working we still at rockstable price......

but that price is still low for such gems i guess
so its not to late to get some pre repease hype

cryptonit

legendary

Activity: 3038

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: HR on May 01, 2014, 05:09:39 PM

You simply rock! You guys are top notch! Visionaries! Where "evolution" comes from. Wink

You are showing us the future of [successful] cryptocurrencies with what you're doing with DMD!

i didnt pay for that really Shocked

i have to say thx for overwhelming feedback

and i got a lot similar PMs

i can tell ya how we created our coin specs

we are exactly a bunch of people from that target group

small /medium miner
small/medium investor

most of us did join crypto when it was to late for BTC
and after long research we all found to diamond as optimal mix between risc vs reward
a great name and big potential

enought risc to be able get a real significant reward of 10x 100x or even more.....

but we failed.....
we found out the coin is nearly headless

and now the crazy plan was made instead of seeking another possible secret winner where we could get what early btc investors did get

we just moved ourself into diamond coin inner circly and make it true

and we did just build coin specs of the dream coin
where everyone of us said

wow such a coin i would mine
wow in such a coin i would invest some money

a few months we did work for it
build up connections and a network to make this come true
recruited key people for the team

and here we are now

dreams can become true if u work for it
and if others take part in this successstory and share the dream with us

its by far not to late to join in
you are welcome to be a travelmate in our journey

HR

legendary

Activity: 1176

Merit: 1011

Transparency & Integrity

Quote from: cryptonit on May 01, 2014, 03:53:20 PM

coin minable by everyone beside asic owners have one reason
asics by design require that the owner sell coins to refinace the investment
we want to avoid that sell pressure and the missing share of diamonds for regular miners
small and medium scale miners often mine to keep coins

as explained in last posting we see asic friendly multipools who pay out in DMD
as the solution to give big asic owners also a chance to mine DMD
without hurting the economy and reducing mining rewards for all other diamond miners

You simply rock! You guys are top notch! Visionaries! Where "evolution" comes from. Wink

You are showing us the future of [successful] cryptocurrencies with what you're doing with DMD!

cryptonit

legendary

Activity: 3038

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: danbi on May 01, 2014, 04:45:35 PM

Say, for example you have 10 (ten) algorithms for PoW. Each is responsible for 1/10 of the mining. If one of these is "compromised" (one way, or another), it will still provide only 1/10 of the coins (or the relationship could be more complex). In our current setup, compromise of the PoW algorithm would require an hard fork. When you have multiple algorithms, that is no longer a pressing need.

Of course, this is not a design goal for DMD as I see it, because it is planned to be more of a value storage coin, than for mining resource. But it could still be valuable. A well designed algorithm balancing could do wonders in crypto currencies.

Hard forks are always bad. Always!

myriadcoin? thats what u describe but with less different algos

but as u said yourself dmd coin setup doesnt need that because our primary POW timewindow will only last expected 15 months

some longtime POW coins could explore such ways maybe

we did focus much more in a coinsetup that provids rewards for all kind of people and not only miner
investors are our main target group

our goal is the establish diamonds as a storage of wealth = buy wait and have an increased value once u need to withdraw and convert again into fiat

cryptonit

legendary

Activity: 3038

Merit: 1053

bit.diamonds | uNiq.diamonds

@GimmeMyCoins thx for hint im sure we have comunity enought the backup a request to payout in dmd

but let that be a task for later
step by step we wana get this release done first

danbi

sr. member

Activity: 393

Merit: 250

Quote from: popshot on May 01, 2014, 03:35:04 PM

Quote from: danbi on May 01, 2014, 02:42:59 PM

By the way, it would not have been bad idea for DMD to run with different PoW algorithms in parallel, each with it's own difficulty and pace. That way, if some algorithm suffers from ASICs etc, only that algorithm's share will be 'unfair'. Of course, PoS is an entirely different beast.

I don't fully understand the purpose of such action. Mining and minting already run under different algorithms, difficulty and pace. For security reasons incorporating merged mining is also a possibility. Any person who hasn't got a Skrypt or SHA-256 ASIC device could mine Diamonds. If ASICs ever became significant problem nothing stops the coin from adopting another algorithm.

For PoW blocks people would simply choose the one that is more profitable to mine, completely disregarding the other one.

Say, for example you have 10 (ten) algorithms for PoW. Each is responsible for 1/10 of the mining. If one of these is "compromised" (one way, or another), it will still provide only 1/10 of the coins (or the relationship could be more complex). In our current setup, compromise of the PoW algorithm would require an hard fork. When you have multiple algorithms, that is no longer a pressing need.

Of course, this is not a design goal for DMD as I see it, because it is planned to be more of a value storage coin, than for mining resource. But it could still be valuable. A well designed algorithm balancing could do wonders in crypto currencies.

Hard forks are always bad. Always!

GimmeMyCoins

newbie

Activity: 42

Merit: 0

Quote from: cryptonit on May 01, 2014, 03:53:20 PM

Quote from: 2tights on May 01, 2014, 03:43:27 PM

Well, at that rate why not set it up to automatically trigger a switch, when appropriate, to one randomly selected among a predefined set of algorithms?

coin minable by everyone beside asic owners have one reason
asics by design require that the owner sell coins to refinace the investment
we want to avoid that sell pressure and the missing share of diamonds for regular miners
small and medium scale miners often mine to keep coins

as explained in last posting we see asic friendly multipools who pay out in DMD
as the solution to give big asic owners also a chance to mine DMD
without hurting the economy and reducing mining rewards for all other diamond miners

Hashcows [Suspicious link removed]) will do different payouts. From the News section of their site:

"Hashcows now offers the ability to be paid out in a number of different alt-coins, instead of BTC. This has no affect on keeping alts we mine, it only converts your otherwise-earned BTC into the ALT of your choice. This new experiment started with MintCoin, and grew from there. The lineup has since grown to include; BC, C2 (NC2), CINNI, ECC, FAC, HBN, MINT, PMC, QRK, TOP, ZEIT.

We are always happy to entertain further coin adds, though we prefer they be community driven vs. a single miner coming with a request."

popshot

hero member

Activity: 774

Merit: 554

CEO Diamond Foundation

Quote from: 2tights on May 01, 2014, 03:43:27 PM

Well, at that rate why not set it up to automatically trigger a switch, when appropriate, to one randomly selected among a predefined set of algorithms?

A complete switch requires a hardfork and automatic action would add a lot to unpredictability. I can imagine warning posts asking people not to mine too much because they are risking an automatic hardfork out of the blue. With the hardfork we can experience today you can see how much trouble it is. Changing algorithms often requires making changes to mining software, mining pools, exchanges .. it's a lot to ask for no good reason, really.

Algorithm X11 (as an example) which is a mashup of all different ones is also not a solution to anything. It's much greater security risk with injection attacks while Groestl is immune to such dangers and is much more efficient on simple low powered devices.

Diamond Coin will eventually become mostly a PoS coin (hybrid approach with PoW still securing the network) so in terms of signing transaction and network security we have nothing to worry about.

swannsonite

member

Activity: 109

Merit: 10

In Crypto We Verify

I started mining GroestlCoin in preparation they have some very good mining info. http://www.groestlcoin.org/pools and a spreadsheet with settings that people have submitted.

cryptonit

legendary

Activity: 3038

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: 2tights on May 01, 2014, 03:43:27 PM

Well, at that rate why not set it up to automatically trigger a switch, when appropriate, to one randomly selected among a predefined set of algorithms?

coin minable by everyone beside asic owners have one reason
asics by design require that the owner sell coins to refinace the investment
we want to avoid that sell pressure and the missing share of diamonds for regular miners
small and medium scale miners often mine to keep coins

as explained in last posting we see asic friendly multipools who pay out in DMD
as the solution to give big asic owners also a chance to mine DMD
without hurting the economy and reducing mining rewards for all other diamond miners

2tights

sr. member

Activity: 308

Merit: 251

I like big BITS and I cannot lie.

Quote from: cryptonit on May 01, 2014, 03:46:27 PM

we also research the possibility of a asic friendly multipool to mine DMD with it

we searching partners who set up such a sha256/scrypt mining pool who pay out in DMD

if interested get in contact with me or popshot

a multipool paying out in DMD is the only way how asics not hurt but help diamond by creating additional buy demand

its not looking like we not having already a big demand but on the other hand a rare thing like diamonds can never have to much demand

At this point I would say you've got a lot of interest, not demand. That's not to say demand won't develop.

cryptonit

legendary

Activity: 3038

Merit: 1053

bit.diamonds | uNiq.diamonds

we also research the possibility of a asic friendly multipool to mine DMD with it

we searching partners who set up such a sha256/scrypt mining pool who pay out in DMD

if interested get in contact with me or popshot

a multipool paying out in DMD is the only way how asics not hurt but help diamond by creating additional buy demand

its not looking like we not having already a big demand but on the other hand a rare thing like diamonds can never have to much demand

2tights

sr. member

Activity: 308

Merit: 251

I like big BITS and I cannot lie.

Quote from: popshot on May 01, 2014, 03:35:04 PM

Quote from: danbi on May 01, 2014, 02:42:59 PM

By the way, it would not have been bad idea for DMD to run with different PoW algorithms in parallel, each with it's own difficulty and pace. That way, if some algorithm suffers from ASICs etc, only that algorithm's share will be 'unfair'. Of course, PoS is an entirely different beast.

I don't fully understand the purpose of such action. Mining and minting already run under different algorithms. For security reasons incorporating merged mining is also a possibility. Any person who hasn't got a Skrypt or SHA-256 ASIC device could mine Diamonds. If ASICs ever became significant problem nothing stops the coin adopt another algorithm.

Well, at that rate why not set it up to automatically trigger a switch, when appropriate, to one randomly selected among a predefined set of algorithms?

popshot

hero member

Activity: 774

Merit: 554

CEO Diamond Foundation

Quote from: danbi on May 01, 2014, 02:42:59 PM

By the way, it would not have been bad idea for DMD to run with different PoW algorithms in parallel, each with it's own difficulty and pace. That way, if some algorithm suffers from ASICs etc, only that algorithm's share will be 'unfair'. Of course, PoS is an entirely different beast.

I don't fully understand the purpose of such action. Mining and minting already run under different algorithms, difficulty and pace. For security reasons incorporating merged mining is also a possibility. Any person who hasn't got a Skrypt or SHA-256 ASIC device could mine Diamonds. If ASICs ever became significant problem nothing stops the coin from adopting another algorithm.

For PoW blocks people would simply choose the one that is more profitable to mine, completely disregarding the other one.

wmann

newbie

Activity: 25

Merit: 0

Quote from: wmann on April 30, 2014, 10:46:01 PM

If we are using the sph-sgminer with a mining pool, will we need to use the --difficulty-multiplier=0.0039062500 see the note on option below.

Important! A new option was added: --difficulty-multiplier. It allows to set stratum difficulty multiplier. For QubitCoin, Quark and Animecoin it will be usually 256. For Groestlcoin, Fuguecoin and Twecoin it will be usually 0.0039062500 (1/256). Default value is 1.0. If you have "share above target" errors then set it to 256. If difficulty required by pool is strangely large, set it to 0.0039062500 (1/256). Other values are unlikely to be used. Hopefully this will fix all remaining stratum problems.

I looked into this more and it depends on which pool you mine from. If you get too many accepts going on, you need to raise it. If you don't see any accepts, you need to lower it. I would guess you should see about 1 accept every 30 seconds would be good. You don't want the pool to get overloaded with accepting shares and you want to submit your work at least once per block.

cryptonit

legendary

Activity: 3038

Merit: 1053

bit.diamonds | uNiq.diamonds

Quote from: danbi on May 01, 2014, 02:42:59 PM

By the way, it would not have been bad idea for DMD to run with different PoW algorithms in parallel,
each with it's own difficulty and pace. That way, if some algorithm suffers from ASICs etc,
only that algorithm's share will be 'unfair'. Of course, PoS is an entirely different beast.

GROESTL ~~SCRYPT~~

Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 852. (Read 1260245 times)