[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2015.

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

So basically, the more miners mine DASH or the more hashrate, the less is earned.

Currently, there is a 7% decrease in the number of coins generated per year, which would mean higher price?

How much income do masternodes get from services such as instantx or mixing?

Also, if the daily income per masternode drops under $1.00 per day, the incentive to own a masternode decreases. Sad

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: bluebit25 on July 23, 2015, 08:02:21 PM

why does the difficulty go up? And will it continue going up?

Same reason BTC's diff and any other coin for the matter goes up... more hash rate mining means the difficulty needs to increase to target blocks every 2.5 minutes. It fluctuates with miners and the reward adjusts based on difficulty to incentive miners to jump on the coin when it's unusually low--it has been that way for over a year now.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: GhostPlayer on July 23, 2015, 03:51:54 PM

Quote from: Sub-Ether on July 23, 2015, 03:07:51 PM

https://medium.com/blockcypher-blog/a-bitcoin-spam-attack-post-mortem-s-la-ying-alive-654e914edcf4

This attack was too cheap
Consider this rough estimate of the attack’s cost. Before the spam attack, blocks were about half full, with an average of ~750 transactions each. To fill the block, the attacker had to pay fees to miners who confirmed the blocks containing their transactions. Consequently, the attacker paid fees on ~750 transactions per block * 6 blocks an hour * 24 hours a day * 15,000 satoshi average fee = 16.2BTC per day. At an average of $280/BTC, the attack cost the attacker $4,536 a day to fill a 1MB block.

$4,536 a day buys you a Bitcoin denial of service attack.

A “new normal” in higher fees:- 'But $0.10, instead of $0.05, makes a difference if you live on $100.'

There are no double spends with instantX as such are there? Grin

Some frustrated people had to wait a day or more for their transactions to confirm. Some transactions never confirmed. In other words, some people had bitcoin they couldn’t spend.

Holy McFlop !!

Not doubting this math at all, but if true, this is very very very disconcerting. Any bad actor with a pet whale can seriously do quite some serious damage to the bitcoin network.

March 2016 for the potential hard fork is it? That is eons in crypto time... holy moly...

Can't they modify the bitcoin wallet to make on-the-fly calculations on the fees required for 1conf transactions?

Meaning that depending the network queue, you would simply be informed on how much you need to get top priority and then either pay that or line up in the queue. It would seem like an easy fix, except that it could then be used to create a competition of escalating fees (which is good for miners though).

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

why does the difficulty go up? And will it continue going up?

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: bluebit25 on July 23, 2015, 07:57:16 PM

Can someone tell me why it's less than $1.85 a day now per masternode based on this http://178.254.18.153/~pub/Darkcoin/masternode_payments_stats.html

I'm not sure how much masternodes get paid for mixing or other services, doesn't appear to be listed on that url. Keeps going down, it used to be over $2.80

Increasing masternode count + high difficulty = less block rewards

bluebit25

sr. member

Activity: 1708

Merit: 295

https://bitlist.co

Can someone tell me why it's less than $1.85 a day now per masternode based on this http://178.254.18.153/~pub/Darkcoin/masternode_payments_stats.html

I'm not sure how much masternodes get paid for mixing or other services, doesn't appear to be listed on that url. Keeps going down, it used to be over $2.80

DonQuijote

legendary

Activity: 1551

Merit: 1002

♠ ♥ ♣ ♦ < ♛♚&#

Quote from: Sub-Ether on July 23, 2015, 03:07:51 PM

https://medium.com/blockcypher-blog/a-bitcoin-spam-attack-post-mortem-s-la-ying-alive-654e914edcf4

This attack was too cheap
Consider this rough estimate of the attack’s cost. Before the spam attack, blocks were about half full, with an average of ~750 transactions each. To fill the block, the attacker had to pay fees to miners who confirmed the blocks containing their transactions. Consequently, the attacker paid fees on ~750 transactions per block * 6 blocks an hour * 24 hours a day * 15,000 satoshi average fee = 16.2BTC per day. At an average of $280/BTC, the attack cost the attacker $4,536 a day to fill a 1MB block.

$4,536 a day buys you a Bitcoin denial of service attack.

A “new normal” in higher fees:- 'But $0.10, instead of $0.05, makes a difference if you live on $100.'

There are no double spends with instantX as such are there? Grin

Some frustrated people had to wait a day or more for their transactions to confirm. Some transactions never confirmed. In other words, some people had bitcoin they couldn’t spend.

Thank you for sharing
By the way, anyone know why someone is deleting old messages in this thread?

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: Sub-Ether on July 23, 2015, 03:07:51 PM

https://medium.com/blockcypher-blog/a-bitcoin-spam-attack-post-mortem-s-la-ying-alive-654e914edcf4

This attack was too cheap
Consider this rough estimate of the attack’s cost. Before the spam attack, blocks were about half full, with an average of ~750 transactions each. To fill the block, the attacker had to pay fees to miners who confirmed the blocks containing their transactions. Consequently, the attacker paid fees on ~750 transactions per block * 6 blocks an hour * 24 hours a day * 15,000 satoshi average fee = 16.2BTC per day. At an average of $280/BTC, the attack cost the attacker $4,536 a day to fill a 1MB block.

$4,536 a day buys you a Bitcoin denial of service attack.

A “new normal” in higher fees:- 'But $0.10, instead of $0.05, makes a difference if you live on $100.'

There are no double spends with instantX as such are there? Grin

Some frustrated people had to wait a day or more for their transactions to confirm. Some transactions never confirmed. In other words, some people had bitcoin they couldn’t spend.

Holy McFlop !!

Not doubting this math at all, but if true, this is very very very disconcerting. Any bad actor with a pet whale can seriously do quite some serious damage to the bitcoin network.

March 2016 for the potential hard fork is it? That is eons in crypto time... holy moly...

Sub-Ether

sr. member

Activity: 434

Merit: 250

Quantum entangled and jump drive assisted messages

https://medium.com/blockcypher-blog/a-bitcoin-spam-attack-post-mortem-s-la-ying-alive-654e914edcf4

This attack was too cheap
Consider this rough estimate of the attack’s cost. Before the spam attack, blocks were about half full, with an average of ~750 transactions each. To fill the block, the attacker had to pay fees to miners who confirmed the blocks containing their transactions. Consequently, the attacker paid fees on ~750 transactions per block * 6 blocks an hour * 24 hours a day * 15,000 satoshi average fee = 16.2BTC per day. At an average of $280/BTC, the attack cost the attacker $4,536 a day to fill a 1MB block.

$4,536 a day buys you a Bitcoin denial of service attack.

A “new normal” in higher fees:- 'But $0.10, instead of $0.05, makes a difference if you live on $100.'

There are no double spends with instantX as such are there? Grin

Some frustrated people had to wait a day or more for their transactions to confirm. Some transactions never confirmed. In other words, some people had bitcoin they couldn’t spend.

Sub-Ether

sr. member

Activity: 434

Merit: 250

Quantum entangled and jump drive assisted messages

Quote from: noobtrader on July 23, 2015, 01:35:06 PM

Quote from: Sub-Ether on July 23, 2015, 01:29:36 PM

Quote from: qwizzie on July 23, 2015, 12:46:27 PM

hmm i swear i see a rover track on the sand and human face on the rock.... weird

Easy to do with trading as well Grin

https://en.wikipedia.org/wiki/Apophenia

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: Sub-Ether on July 23, 2015, 01:29:36 PM

Quote from: qwizzie on July 23, 2015, 12:46:27 PM

that just shows how deadly space can be Grin

by the way next is totally and utterly off topic but i cant resist: http://www.nasa.gov/press-release/nasa-kepler-mission-discovers-bigger-older-cousin-to-earth

Many new possibly habitable worlds being discovered, although doubtful they will find much life on Pluto, apart from Riddick of course Grin

http://www.nasa.gov/sites/default/files/styles/full_width_feature/public/thumbnails/image/nh-pluto-mountain-range.png

hmm i swear i see a rover track on the sand and human face on the rock.... weird

Sub-Ether

sr. member

Activity: 434

Merit: 250

Quantum entangled and jump drive assisted messages

Quote from: qwizzie on July 23, 2015, 12:46:27 PM

that just shows how deadly space can be Grin

by the way next is totally and utterly off topic but i cant resist: http://www.nasa.gov/press-release/nasa-kepler-mission-discovers-bigger-older-cousin-to-earth

Many new possibly habitable worlds being discovered, although doubtful they will find much life on Pluto, apart from Riddick of course Grin

http://www.nasa.gov/sites/default/files/styles/full_width_feature/public/thumbnails/image/nh-pluto-mountain-range.png

Lebubar

legendary

Activity: 1288

Merit: 1000

Quote from: ?? on ??

okay - I was mistaken - lol
just checked

@reboot /usr/bin/dashd -shrinkdebugfile
5 * * * * /usr/bin/dashd masternode start

Hmmm...
Here you are re-launching your MN every hour at HH:05.

Please concentrate.

Edit1- every 5 minutes it's :
*/5 * * * * dash-cli masternode start <
Edit2- this also work :
0,5,10,15,20,25,30,35,40,45,50,55 * * * * /usr/bin/dashd masternode start

qwizzie

legendary

Activity: 2548

Merit: 1245

that just shows how deadly space can be Grin

by the way next is totally and utterly off topic but i cant resist: http://www.nasa.gov/press-release/nasa-kepler-mission-discovers-bigger-older-cousin-to-earth

Lebubar

legendary

Activity: 1288

Merit: 1000

Quote from: ?? on ??

Quote from: Lebubar on July 23, 2015, 12:38:30 PM

Quote from: ?? on ??

COLD side cron
@reboot dashd -shrinkdebugfile <* 5 * * * * dash-cli masternode start <

Sorry to disappoint you. But here are re-lauching your MN every minute between 5:00 AM and 5:59AM.
Roll Eyes

@reboot dashd -shrinkdebugfile <* /5 * * * * dash-cli masternode start <
I stand corrected

No because you put a space "* /5" between * and /. Roll Eyes

Lebubar

legendary

Activity: 1288

Merit: 1000

Quote from: ?? on ??

COLD side cron
@reboot dashd -shrinkdebugfile <* 5 * * * * dash-cli masternode start <

Sorry to disappoint you. But here you are re-lauching your MN every minute between 5:00 AM and 5:59AM.
Roll Eyes

Edit every 5 minutes it's :

*/5 * * * * dash-cli masternode start <

Macrochip

sr. member

Activity: 465

Merit: 250

Quote from: HinnomTX on July 23, 2015, 09:55:28 AM

Duff is not 'coolaid'.
Duff is beer.
Duff is also the 'satoshi' minimum unit of account for Dash.

Don't mind him, he just can't get enough of that wonderful Duff

Maybe I should update the logos. Oh well, this is from February Grin

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: ?? on ??

Quote from: GhostPlayer on July 23, 2015, 10:05:58 AM

Quote from: ?? on ??

ya gotta throw in the

* 10 * * * * /home/lebubar/dash-cli masternode start

Will this work for cold/remote ?

No reason - that I can think of - why it wouldn't
but
My cold is Qt on WIN
and
I''ve not tested Lx wallets yet - but soon, I hope

It makes sense though, just never tried it. I think only the very first "masternode start" is mandatory to be from cold to verify the vin? maybe not even that. Just force of habit I guess.

Makes sense so include the "start" on the crontab, but MN's stay in "start" mode for 70 minutes until they have to ping again, otherwise they drop. So unless the VPS actually crashes and doesn't reboot, it's not really necessary. But, again, a perfectly sensed backup feature that won't hurt to have included.

entertheabyss

hero member

Activity: 714

Merit: 508