Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2377. (Read 9724017 times)
April 08, 2015, 03:21:56 PM
What is the average daily return on running a masternode not including the VPS cost?
April 08, 2015, 03:06:38 PM
TREZOR Releases Firmware 1.3.3 with Dash integration !
http://satoshilabs.com/news/2015-04-07-trezor-firmware-1-3-3-connect-api/
With TREZOR firmware 1.3.3 we are introducing our latest innovation for secure password-less user authentication – the TREZOR Connect.
This firmware further improves the overall security of the TREZOR hardware wallet and your privacy.
We have also implemented an important change to PIN protection and added support for the Dash coin type.
http://satoshilabs.com/news/2015-04-07-trezor-firmware-1-3-3-connect-api/
With TREZOR firmware 1.3.3 we are introducing our latest innovation for secure password-less user authentication – the TREZOR Connect.
This firmware further improves the overall security of the TREZOR hardware wallet and your privacy.
We have also implemented an important change to PIN protection and added support for the Dash coin type.
That is very cool! I'll give it a try
hmm anyone knows if you can have dash and bitcoin on the same Trezor? How to setup a dash address?
April 08, 2015, 02:55:52 PM
With darksend you can't even do that. You have a coinjoin transaction (or a sequence of them if multiple rounds) and one/some of the inputs is/are yours but you can't prove those coins didn't go somewhere else. Again you are back to transaction logs and such, which can be faked.
The coins are premixed, so when you are doing the actual transaction to a merchant, you will send directly from addresses to which you hold the private keys. Currently if you need to sign a message to prove you made the transaction, I guess you'd have to sign from all the denomination addresses that were used in the transaction, or perhaps the merchant would be satisfied with just one (as he knows that if you can prove you own one of them, you own them all).
Example: after (pre)mixing you hold the following unspent outputs in separate addresses:
A: 10 DASH
B: 1 DASH
C: 1 DASH
Then, two weeks later, you will send 12 DASH to a merchant, and use those unspents as inputs to the transaction. Later you can sign messages from any and all of the addresses A, B, and C. If at some point it would be deemed important to be able to prove it was you who made the transaction, perhaps the wallet could have a feature where you click a sent transaction and select "multisign a message from the source addresses" or something similar so you don't have to sign three messages.
April 08, 2015, 02:32:39 PM
For now the system is working. There will always be attack vectors be it through hash majority or nothing at stake or just through being untested on any coin.
I'm not saying it's not something that shouldn't be thought about just that what you are proposing would have to be super bulletproof, would cause mega uproar and masternodes would certainly have to hide their IPs (wouldn't be a bad thing anyway) etcetc etc. While there are dangers in POW to me at least it seems the best most tried and tested and secure way (for now).
This discussion has come about a few times and I firmly believe a slow measured brainstorm on dashtalk would yield better results than POW fear posted here.
I'm not saying it's not something that shouldn't be thought about just that what you are proposing would have to be super bulletproof, would cause mega uproar and masternodes would certainly have to hide their IPs (wouldn't be a bad thing anyway) etcetc etc. While there are dangers in POW to me at least it seems the best most tried and tested and secure way (for now).
This discussion has come about a few times and I firmly believe a slow measured brainstorm on dashtalk would yield better results than POW fear posted here.
I did start a thread over there, but as it has garnered no replies at all, I thought I'd bring it up over here.
I'm really curious about this from a development perspective. Is it possible to do something like this? Would love to have Udjin or eduffield or another dev comment...
April 08, 2015, 02:24:14 PM
On March 21st, there were 2407 MNs.
Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)
Is this a result of Proof of Work, Even just posted?
Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)
Is this a result of Proof of Work, Even just posted?
It's mainly because of the recent update... the count always goes down until people find the time to do the update AND those Masternodes are listed again.
Look at this graph and guess when the last 3 updates happened:
I got it, thank you for assuaging my fear. My worries were premature anyway - at the moment, only an hour or so later, the MN count is 2411 which is for 4 more than on March 21st data which alarmed me.
Happy again
April 08, 2015, 02:20:21 PM
On March 21st, there were 2407 MNs.
Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)
Is this a result of Proof of Work, Even just posted?
Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)
Is this a result of Proof of Work, Even just posted?
It's mainly because of the recent update... the count always goes down until people find the time to do the update AND those Masternodes are listed again.
Look at this graph and guess when the last 3 updates happened:
April 08, 2015, 02:02:29 PM
Looks like we are approaching our earlier number of masternodes (before the last update) :
April 08, 2015, 01:53:34 PM
Sorry if this has been answered before but I've gone over the guides and how to start multiple MN's from a single wallet but it doesn't specifically say if you can run multiple MNs from a single machine? Do I need 5 pi's to run 5 MNs? I understand I can use Amazon or another VPS provider but same question, do I run 5 independent instances? There are other services out there that allow for one setup the MN for you at a very reasonable price but I'm looking to do it myself the same way I got into mining... was painful at the beginning but in the end I felt it was worth it.
...and if I have to run 5 PIs, can they all be run from the same location?
Thnx for the help, the process of setting up a single MN looks pretty straight forward and one of my friends just got his going. Just looking to understand what is the cheapest solution to get 5 going.
...and if I have to run 5 PIs, can they all be run from the same location?
Thnx for the help, the process of setting up a single MN looks pretty straight forward and one of my friends just got his going. Just looking to understand what is the cheapest solution to get 5 going.
April 08, 2015, 01:53:00 PM
For now the system is working. There will always be attack vectors be it through hash majority or nothing at stake or just through being untested on any coin.
I'm not saying it's not something that shouldn't be thought about just that what you are proposing would have to be super bulletproof, would cause mega uproar and masternodes would certainly have to hide their IPs (wouldn't be a bad thing anyway) etcetc etc. While there are dangers in POW to me at least it seems the best most tried and tested and secure way (for now).
This discussion has come about a few times and I firmly believe a slow measured brainstorm on dashtalk would yield better results than POW fear posted here.
I'm not saying it's not something that shouldn't be thought about just that what you are proposing would have to be super bulletproof, would cause mega uproar and masternodes would certainly have to hide their IPs (wouldn't be a bad thing anyway) etcetc etc. While there are dangers in POW to me at least it seems the best most tried and tested and secure way (for now).
This discussion has come about a few times and I firmly believe a slow measured brainstorm on dashtalk would yield better results than POW fear posted here.
April 08, 2015, 01:29:40 PM
SNIP
I agree, mining is a great way to get into crypto. It's how I got involved myself. However, the current system of pools is *dangerous.* I'm very scared that nobody is going to listen until an attack happens.
Unless something has changed in the last six months (since I stopped mining), Dash is extremely unprofitable to mine. The cost of electricity is greater than the value of the coins received. When you consider depreciation of the hardware, the picture becomes even more bleak. I don't like the idea of entrusting the security of our blockchain to altruists who are willing to lose money in order to secure the network.
(Again, I haven't mined Dash in quite awhile, so forgive me if this is no longer accurate.)
4 X 290x rig with wolfs bins burns about 900 watts:
Code:
DashNinja> jimbit: With last 24h supply of 2602.965883255005 DASH (source:dashninja|22s)
and a network hashrate of 105.96 Gh/s (source:dashninja|23s) your 34.50 Mh/s would
have generated 0.847534424 DASH @ 0.01525050 DASH/BTC
(source:cryptsy|30s) = 0.012925324 BTC/Day / 3.15 USD/Day (source:btc-e|54s)
and a network hashrate of 105.96 Gh/s (source:dashninja|23s) your 34.50 Mh/s would
have generated 0.847534424 DASH @ 0.01525050 DASH/BTC
(source:cryptsy|30s) = 0.012925324 BTC/Day / 3.15 USD/Day (source:btc-e|54s)
Thank you! So $3.15 USD/Day at a cost of 0.9 KW * 24 hr * $0.10/KWH = $2.16 USD/Day cost. So theoretically slightly profitable if a) your rig has already paid for itself, b) you are using it to heat your home...add 20% to the cost to cover cooling otherwise, c) you have relatively inexpensive electricity...Europeans need not apply.
April 08, 2015, 01:05:19 PM
When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.
Yer, and why kick a whole load of potential users via mining out of the picture before they've even started? This should be open to everyone, don't we want a large a market as possible and not just a small number of people who can afford 1000 Dash.
Mining is a great entry method into crypto for any coin.
I agree, mining is a great way to get into crypto. It's how I got involved myself. However, the current system of pools is *dangerous.* I'm very scared that nobody is going to listen until an attack happens.
Unless something has changed in the last six months (since I stopped mining), Dash is extremely unprofitable to mine. The cost of electricity is greater than the value of the coins received. When you consider depreciation of the hardware, the picture becomes even more bleak. I don't like the idea of entrusting the security of our blockchain to altruists who are willing to lose money in order to secure the network.
(Again, I haven't mined Dash in quite awhile, so forgive me if this is no longer accurate.)
Remember that introducing a new system also introduces new attack vectors.
There are a lot of people still mining some altruistically. Me for now my rig is payed off and it is a great space heater.
As well as people with low electricity costs.
April 08, 2015, 12:59:22 PM
TREZOR Releases Firmware 1.3.3 with Dash integration !
http://satoshilabs.com/news/2015-04-07-trezor-firmware-1-3-3-connect-api/
With TREZOR firmware 1.3.3 we are introducing our latest innovation for secure password-less user authentication – the TREZOR Connect.
This firmware further improves the overall security of the TREZOR hardware wallet and your privacy.
We have also implemented an important change to PIN protection and added support for the Dash coin type.
http://satoshilabs.com/news/2015-04-07-trezor-firmware-1-3-3-connect-api/
With TREZOR firmware 1.3.3 we are introducing our latest innovation for secure password-less user authentication – the TREZOR Connect.
This firmware further improves the overall security of the TREZOR hardware wallet and your privacy.
We have also implemented an important change to PIN protection and added support for the Dash coin type.
That is very cool! I'll give it a try
April 08, 2015, 12:57:24 PM
When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.
Yer, and why kick a whole load of potential users via mining out of the picture before they've even started? This should be open to everyone, don't we want a large a market as possible and not just a small number of people who can afford 1000 Dash.
Mining is a great entry method into crypto for any coin.
I agree, mining is a great way to get into crypto. It's how I got involved myself. However, the current system of pools is *dangerous.* I'm very scared that nobody is going to listen until an attack happens.
Unless something has changed in the last six months (since I stopped mining), Dash is extremely unprofitable to mine. The cost of electricity is greater than the value of the coins received. When you consider depreciation of the hardware, the picture becomes even more bleak. I don't like the idea of entrusting the security of our blockchain to altruists who are willing to lose money in order to secure the network.
(Again, I haven't mined Dash in quite awhile, so forgive me if this is no longer accurate.)
4 X 290x rig with wolfs bins burns about 900 watts:
Code:
DashNinja> jimbit: With last 24h supply of 2602.965883255005 DASH (source:dashninja|22s)
and a network hashrate of 105.96 Gh/s (source:dashninja|23s) your 34.50 Mh/s would
have generated 0.847534424 DASH @ 0.01525050 DASH/BTC
(source:cryptsy|30s) = 0.012925324 BTC/Day / 3.15 USD/Day (source:btc-e|54s)
and a network hashrate of 105.96 Gh/s (source:dashninja|23s) your 34.50 Mh/s would
have generated 0.847534424 DASH @ 0.01525050 DASH/BTC
(source:cryptsy|30s) = 0.012925324 BTC/Day / 3.15 USD/Day (source:btc-e|54s)
April 08, 2015, 12:43:15 PM
When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.
Yer, and why kick a whole load of potential users via mining out of the picture before they've even started? This should be open to everyone, don't we want a large a market as possible and not just a small number of people who can afford 1000 Dash.
Mining is a great entry method into crypto for any coin.
I agree, mining is a great way to get into crypto. It's how I got involved myself. However, the current system of pools is *dangerous.* I'm very scared that nobody is going to listen until an attack happens.
Unless something has changed in the last six months (since I stopped mining), Dash is extremely unprofitable to mine. The cost of electricity is greater than the value of the coins received. When you consider depreciation of the hardware, the picture becomes even more bleak. I don't like the idea of entrusting the security of our blockchain to altruists who are willing to lose money in order to secure the network.
(Again, I haven't mined Dash in quite awhile, so forgive me if this is no longer accurate.)
April 08, 2015, 12:27:04 PM
When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.
Yer, and why kick a whole load of potential users via mining out of the picture before they've even started? This should be open to everyone, don't we want a large a market as possible and not just a small number of people who can afford 1000 Dash.
Mining is a great entry method into crypto for any coin.
April 08, 2015, 12:17:30 PM
When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
The masternode network would have to be absolutely bullet proof. At the moment if the masternode network goes down for whatever reason transactions are still processed with POW. The coin continues. There have been masternode network outages in the past. The dual system works. And many believe pow works because it is inefficient. And distribution via people mining with video cards is fantastic. Be it mega rigs or just gaming machines it encourages getting into crypto without the exchange crap.
April 08, 2015, 12:12:17 PM
On March 21st, there were 2407 MNs.
Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)
Is this a result of Proof of Work, Even just posted?
Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)
Is this a result of Proof of Work, Even just posted?
No its masternodes not on the correct version, with out ports open etc dropping off the list.
April 08, 2015, 12:09:08 PM
When will we leverage the PoSe system to move from PoW to 100% PoService? Is there a technical reason why this wouldn't be possible/desirable?
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
Proof of Work is wasteful and dangerous (do you really believe a dedicated hacker couldn't hack a couple of the biggest pools and use them to launch an attack?). It seems like the ideal solution would be to get rid of mining altogether, and have masternodes create and publish blocks rather than miners.
April 08, 2015, 12:08:15 PM
On March 21st, there were 2407 MNs.
Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)
Is this a result of Proof of Work, Even just posted?
Today there are 2174 active MN. I haven't seen such drop in the number of active MNs for a while. Any ideas what's going on, aside the people selling to lock in the profit. (but than, that would go against the idea of a Masternode)
Is this a result of Proof of Work, Even just posted?
April 08, 2015, 11:41:56 AM
Come on, own up! you know who you are, who's got a proof of service rating of 12 then?
appearently people who dont mind not getting paid
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