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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3452. (Read 9723748 times)

legendary
Activity: 1834
Merit: 1023
legendary
Activity: 1092
Merit: 1000
Oh WOW !!!  The github video is simply amazing !!  Cheesy
legendary
Activity: 1834
Merit: 1023
question,
where can i find, or you tell me (!)
the basic idea of the actual server for a MN

EC 2 Server (Size/ speed/)
Fixed IP because of...
"4 gb ram and 2 core
And only 4 tb of traffic"

how much bandwidth needed
electricity ...>

something like that
that would be great and very helpful
tx


can anybody please answer this for me Huh?
tx

Not sure if this helps but I have a budget VPS from Vultr ($5 a month), it has 1 x 3Ghz+ CPU, 768Mb RAM and 15Gb Storage. Monthly bandwidth quote is 1Tb.

I have THREE Masternodes running on it and my monthly average bandwidth is 10% of my quota.

So basically, this VPS at $5 a month is more than enough for my current requirements and if I could add more IP's I could probably add more Masternodes...!

Walter



Tx Walter
very cool !
 Grin
legendary
Activity: 1834
Merit: 1023
This sounds like a perfect fit for Darkcoin's Masternode network: http://tendermint.com/docs/tendermint.pdf  Grin

This looks like an interesting paper, read the abstract but will read the whole paper this evening when I have a bit of time on my hands! Thanks Crouton  Smiley

Walter

Hey Crouton
where did you get this paper from ?!
sr. member
Activity: 310
Merit: 250
question,
where can i find, or you tell me (!)
the basic idea of the actual server for a MN

EC 2 Server (Size/ speed/)
Fixed IP because of...
"4 gb ram and 2 core
And only 4 tb of traffic"

how much bandwidth needed
electricity ...>

something like that
that would be great and very helpful
tx


can anybody please answer this for me Huh?
tx

Not sure if this helps but I have a budget VPS from Vultr ($5 a month), it has 1 x 3Ghz+ CPU, 768Mb RAM and 15Gb Storage. Monthly bandwidth quota is 1Tb.

I have THREE Masternodes running on it and my monthly average bandwidth usage is 10% of my quota, or 100Gb.

So basically, this VPS at $5 a month is more than enough for my current requirements and if I could add more IP's I could probably add more Masternodes...!

Walter

full member
Activity: 169
Merit: 100
Usually the Dangers of a 51% attack with all Power concentrated in one pool vanishes when the hashes are spread between them, so the easiest would be to simply close registrations for the biggest pool and/or put a Banner on them addressing the Dangers and spreading the miners over to other, smaller pools to even everything out.
This will be a hard one, operators are usually in it to win it.
legendary
Activity: 2688
Merit: 1240
Usually the Dangers of a 51% attack with all Power concentrated in one pool vanishes when the hashes are spread between them, so the easiest would be to simply close registrations for the biggest pool and/or put a Banner on them addressing the Dangers and spreading the miners over to other, smaller pools to even everything out.
sr. member
Activity: 310
Merit: 250
This sounds like a perfect fit for Darkcoin's Masternode network: http://tendermint.com/docs/tendermint.pdf  Grin

This looks like an interesting paper, read the abstract but will read the whole paper this evening when I have a bit of time on my hands! Thanks Crouton  Smiley

Walter
hero member
Activity: 658
Merit: 500
nice to have drk for betting Smiley

btw. whats about the idea supporting p2p pools somehow..? masternode donation seems quite interesting..

whats evans opinion?  Smiley

 I've been pitching this idea for a while now, but didnt get much attention...

https://darkcointalk.org/threads/masternode-donation-to-p2pool.326/


Crouton, given your strong views around mining and the benefits of P2pool, I'm surprised you haven't commented on this.

I commented a page or three back here (I think it's a good idea, but not ideal) but I missed it on DCT back in April.

My stance is pretty simple: I am not comfortable trusting my investment (not Earth-shattering, but more than what I call pocket money) to three doofuses on the intertubes.

Imagine you had a $million or two. Would you really be happy putting millions of dollars into a system where your $millions could be rendered worthless overnight by somebody locating and compromising 3 servers or 3 server admins? Because that's the situation right now with PoW coins. You'd have to be actively stupid to trust such a system with any serious amount of investment.

It's a joke, it's pure toytown, someone could destroy BTC or DRK for a few thousand bucks tops.

Mmm...it's certainly worrying.

I've read the many interactions you've had with pool admins (if it wasn't so serious they'd be pure entertainment!)
I'm not knowledgeable enough on mining and pools to know what's truth/what's fiction.

But the fact that you're so concerned about it and the fact that these large pools (and ASICs) seem to be such a major concern means I'm wondering whether this is an elephant in the room that no one wants to deal with.

If this risk is as real as you're saying:
Quote
It's a joke, it's pure toytown, someone could destroy BTC or DRK for a few thousand bucks tops
then we need more debate and I'd really like Evan to comment and discus it too.



Evan, can you offer any assessment on the risk to Darkcoin in light of Crouton's concerns?

question to evan, would masternodes be able to differentiate p2pool from ordinary pools?

No, all miners look the same to the protocol. I like the idea of more users using P2Pool, but It's got to be the users that decide to do that, there's really no way to enforce it. Plus, I think the P2Pool software just needs improvement (complete rewrite probably).

The masternode system can't really do donations like people are asking for either, there's  not a good way to do that. If people want to donate, they'll have to manually calculate some of the profit and send it that way .


Thanks for your response Evan. That's somewhat clarified the discussion points around p2pool and the fact masternodes don't operate in a manner to perform a donation function. Appreciate your points of view there.

I'm wondering though if you could comment on this risk (perceived or otherwise) that Lonecrouton has highlighted of the mining pools causing so much centralisation that DRK (and BTC) could be easily commandeered and controlled for very low cost. Is this true, is it possible, it it likely?

Crouton is obviously an intelligent guy and adds of lot of good content here on this forum. It's concerning that he is so emphatic about this issue with the mining pools (and has numerous heated interactions with them) yet no one else seems to share his level of concern. I'd really like to get to the nub of this to determine whether his concerns are justified and if they are what risk mitigation might be being undertaken.
legendary
Activity: 1834
Merit: 1023
lol... innovation?

https://code.google.com/p/gource/

You know he just recorded a video in low quality of an open source app that can create such a video from any git, svn, mercurial, etc repo, right?

Yes, no big deal.
Around the same difficulty as setting a masternode up Smiley

i do not care if you used some program or not !
Well Well Fuxxing Done !
really cool !
 Cool
newbie
Activity: 6
Merit: 0
lol... innovation?

https://code.google.com/p/gource/

You know he just recorded a video in low quality of an open source app that can create such a video from any git, svn, mercurial, etc repo, right?

Yes, no big deal.
Around the same difficulty as setting a masternode up Smiley
legendary
Activity: 1834
Merit: 1023
Dark knight rises!

WRONG

Dark Knight on Fuxxing FIRE !!!
 Grin Cool Grin
legendary
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
lol... innovation?

https://code.google.com/p/gource/

You know he just recorded a video in low quality of an open source app that can create such a video from any git, svn, mercurial, etc repo, right?

Yeah, I thought I saw that somewhere before...it's still pretty cool though for showing how active the Dev team really is...
hero member
Activity: 700
Merit: 500
lol... innovation?

https://code.google.com/p/gource/

You know he just recorded a video in low quality of an open source app that can create such a video from any git, svn, mercurial, etc repo, right?
legendary
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
When all cryptos seemed lost: One shining Dark light appeared, to lead believers to Satoshi's holy grail: #DARKCOIN!



#GetIntoTheDark
#BuildTheDarkness
#DarkcoinChameleon


Join the Darkcoin Twitter PR Initiative!

Check my sig for details.
legendary
Activity: 1281
Merit: 1046
weekend and next week will be interesting for btc. i predict another upswing Smiley

I'm not that convinced. Don't forget that the sudden growth that happened last year was totally unpredictable. Now BTC has 2 roadblocks in its way. 1 - Too many people are waiting for the pump to happen. 2 - You have too many bagholders that bought at $800-$1100 and they can't wait to dump on your head and exit the scene at reasonable prices.

Also, i'm actually predicting even a bigger decline in the crypto world for 2015. Momentum plays a big part.
legendary
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host

Evan Duffield and #Darkcoin team: working hard to bring you the best cryptocurrency possible! https://t.co/6woKV1oICe (needs flash)

#GetIntoTheDark
#BuildTheDarkness
#DarkcoinChameleon


Join the Darkcoin Twitter PR Initiative!

Check my sig for details.
legendary
Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
A DarkCoin.
Not the solution they wanted - the solution they needed.

One Hero. Watching over the Crpyto.
Every night.



http://postimg.org/image/ljic3bl7j/

Thank you for this awesome pic! It is now featured on my Twitter profile! I won't change it for a long time! It's perfect....
newbie
Activity: 32
Merit: 0
weekend and next week will be interesting for btc. i predict another upswing Smiley

I think it wants too.  Yearly chart and all, but the Marshall's tempered any enthusiasm during the holidays. Brilliant move by the government so we aren't talking about crypto during thanksgiving meals. One thing for certain, xrp emerging as btc hedge. Will be at a cent shortly. Go dark, from a smart fanboy:$
sr. member
Activity: 280
Merit: 250
scams hunter!
mining DRK mixed with EXCL and LTC Smiley
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