[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5156.

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: Lauda on June 20, 2014, 05:58:57 AM

Quote from: coinzcoinzcoinz on June 20, 2014, 05:48:58 AM

Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?

No. Didn't the developer say that the max number of MN is 2000 or something?
So that would be only 2M coins.

If every DRK in existence right now was tied up in a masternode, there would be 4399 masternodes.

At lowest reward (safe to assume) currently that would be ~0.131 DRK/MN/day ~ 48 DRK/year

At 2000 MNs (a bit more realistic) it's 0.288 DRK/MN/day ~ 105 DRK/year

At 1000 MNs it's 0.576 DRK/MN/day ~ 210 DRK/year

At 500 MNs its 1.152 DRK/MN/day ~ 420 DRK/year

Going with 1000 MNs as what IMO will be a good rough guess, each of my MNs will bring me in about £1500/year at current prices of 0.02DRK/BTC(@£350)

1000DRK currently costs ~£7000 so that's a 21% return per year. *At current prices, which are unlikely to remain this low if all goes well!*

Plus with so many DRK/fiat exchanges popping up, the price of BTC will become increasingly less relevant to DRK holders.

DRK is not an alt, it's a financial apex predator... Wink

predatorkill

full member

Activity: 140

Merit: 100

Quote from: GhostPlayer on June 20, 2014, 05:57:55 AM

Quote from: predatorkill on June 20, 2014, 05:57:01 AM

just test it, removed the old drivers with DDU uninstaller in safe mode, it seems that the statements are true, the speeds are increased!

got to test it in older cards like 69xx 79xx, and also check the hashrate at the pools.

Excellent! What card you got? How are temps? Got a Kill-a-watt meter? Please do report back (better on the miner original thread though)

https://bitcointalk.org/index.php?topic=658975.new#new

i do not have a watt meter, on my 6950,7950,7970 it gave me 1mh/s more in total, same temps like before.

edit:pool reports correct hash rates. Excellent job

this is my setup: 6970,2x7970,2x7950,280x toxic, 7970 club 3d 24.5mh/s in total. it was 19 mh/s before.

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: chaeplin on June 20, 2014, 06:04:27 AM

Updated : price data Grin

http://drk.poolhash.org/masternode.html

Clear your browser cache.

You are one cool cat, Mr.President. Thank you very much!

chaeplin

sr. member

Activity: 294

Merit: 250

Updated : price data Grin

http://drk.poolhash.org/masternode.html

Clear your browser cache.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: coinzcoinzcoinz on June 20, 2014, 05:48:58 AM

Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?

No. Didn't the developer say that the max number of MN is 2000 or something?
So that would be only 2M coins.

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: predatorkill on June 20, 2014, 05:57:01 AM

just test it, removed the old drivers with DDU uninstaller in safe mode, it seems that the statements are true, the speeds are increased!

got to test it in older cards like 69xx 79xx, and also check the hashrate at the pools.

Excellent! What card you got? How are temps? Got a Kill-a-watt meter? Please do report back (better on the miner original thread though)

https://bitcointalk.org/index.php?topic=658975.new#new

predatorkill

full member

Activity: 140

Merit: 100

Quote from: GhostPlayer on June 20, 2014, 05:32:35 AM

Quote from: Xdragon on June 20, 2014, 05:28:54 AM

New sgminer for AMD 14.6 beta drivers. Huge improvement 290x 5,4Mhs , 280x 4,4Mhs https://bitcointalksearch.org/topic/sgminer-amd-144-whql-hashrate-improvement-fixed-658975

How's your heat and wattage? Im way too happy just over 60ºC @ 650watt = 15 MH/s = 5x 280x = 3mh/card

just tested it, removed the old drivers with DDU uninstaller in safe mode, it seems that the statements are true, the speeds are increased and the temps are almost the same.

got to test it in older cards like 69xx 79xx, and also check the hashrate at the pools.

Scriptiee

sr. member

Activity: 249

Merit: 250

Here you can find a nice guide with pictures and whatnot on how to set up masternode with offline wallet.

https://darkcointalk.org/threads/drk-guide-rc3-masternode-windows-local-linux-remote-vultr.1367/

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: coinzcoinzcoinz on June 20, 2014, 05:48:58 AM

Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?

Very valid point. I believe current prices will be dwarfed when DRK gets picked up to do micro-merchant tx and mega-private-tx.

When this happens, DRK will be huge. Then yeah, if you want to buy a few Tesla S's for friends and family, you'll cash out a node and make a few gzillion dollars. By then, monthly revenue will adjust accordingly.

But that has happened already last December with huge BTC "bagholders" dumping at 1000 USD/BTC. Price corrected at 650, and then th world got Gox'ed and after that PBoC FUD crashed to 350.

by then, all eyes will be on DRK, so if there is such a dump, it will be eaten faster than a hot-dog at a hot-dog eating festival.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: reda on June 20, 2014, 05:48:02 AM

how is this possible ? i mean having a master node working with an offline wallet .....

See step 24 of this guide:

https://darkcointalk.org/threads/how-to-set-up-ec2-t1-micro-ubuntu-for-masternode-part-2-3.241/

Basically, the local node "talks" to the remote one and gives it the thumbs up that you've got the private key for the masternode wallet address.

From that point on it can go offline and the wallet can too.

I don't know how the system prevents you from "spending" the 1000 DRK following that handshake exchange, but presumably the remote masternode periodically checks the address to make sure the 1000 DRK's still there or something like that.

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: Icebucket on June 20, 2014, 05:45:15 AM

Quote from: GhostPlayer on June 20, 2014, 05:34:25 AM

Quote from: toknormal on June 20, 2014, 05:30:29 AM

Quote from: komodovpn on June 20, 2014, 05:27:21 AM

I think the people who can afford to run masternodes would not have such weak hands

It's not a question of weak or strong hands, it's a question of a calculator and ROI - return on investment.

Right now, ROI is 1.5 years.

When all these nodes are setup it'll probably be about 4-5 years. It's simple statistics that that will be beyond many people's viability threshold.

That is only taking in consideration DRK revenue. Coming from fiat, I am well well well over ROI'ed already, if I were to cash out. At current price, MN revenue only, I'll ROI FIAT by year's end. At this growth rate, I'll be MN revenue ROI FIAT by early August.

This also depends on the future price of DRK, likely it will be more than 10$
Lets say the future price will be 50$ and you are only getting 0.5 drk from your MN thats 25$ per day.
Im looking at the MNs as a future income stream. Not just a yearly ROI

Great minds think alike. Next stop, quit my life and start a new one. First step, learn cryptography, properly, and code. Then, invest and develop for a better world.

https://www.coursera.org/course/crypto

coinzcoinzcoinz

hero member

Activity: 530

Merit: 500

Anybody worried that MN will make this coin extremely scarse? I know that scarcity doesn't matter with cryptocurrencies, since we have many decimals. My only worry is that due to the scarcity, every time 1 master node holder decides to sell his coins (or someone decides to purchase a new masternode), the price will change dramatically. This could possibly result in a very unstable price. Thoughts?

reda

sr. member

Activity: 910

Merit: 260

Quote from: toknormal on June 20, 2014, 04:31:16 AM

how is this possible ? i mean having a master node working with an offline wallet .....

Icebucket

sr. member

Activity: 409

Merit: 250

Quote from: GhostPlayer on June 20, 2014, 05:34:25 AM

Quote from: toknormal on June 20, 2014, 05:30:29 AM

Quote from: komodovpn on June 20, 2014, 05:27:21 AM

I think the people who can afford to run masternodes would not have such weak hands

It's not a question of weak or strong hands, it's a question of a calculator and ROI - return on investment.

Right now, ROI is 1.5 years.

When all these nodes are setup it'll probably be about 4-5 years. It's simple statistics that that will be beyond many people's viability threshold.

That is only taking in consideration DRK revenue. Coming from fiat, I am well well well over ROI'ed already, if I were to cash out. At current price, MN revenue only, I'll ROI FIAT by year's end. At this growth rate, I'll be MN revenue ROI FIAT by early August.

This also depends on the future price of DRK, likely it will be more than 10$
Lets say the future price will be 50$ and you are only getting 0.5 drk from your MN thats 25$ per day.
Im looking at the MNs as a future income stream. Not just a yearly ROI

UdjinM6

legendary

Activity: 1318

Merit: 1040

Quote from: toknormal on June 20, 2014, 05:30:29 AM

Quote from: komodovpn on June 20, 2014, 05:27:21 AM

I think the people who can afford to run masternodes would not have such weak hands

It's not a question of weak or strong hands, it's a question of a calculator and ROI - return on investment.

Right now, ROI is 1.5 years.

When all these nodes are setup it'll probably be about 4-5 years. It's simple statistics that that will be beyond many people's viability threshold.

There is no "standard" ROI for masternode like with ASICs or GPUs imo. You can take 1000 DRK out of your masternode at any moment and that will be the moment of "ROI".

Klacik

member

Activity: 252

Merit: 10

Quote from: predatorkill on June 20, 2014, 05:02:55 AM

for all the newcomers, new drk traders, soon to be austronauts:

place this code in dark.html, save it and double click it: (credits go to an other member here that has posted this millions pages before)

Code:









check out hypron.net!

it will auto adjust in your screen size, Mintpal-Cryptsy DRK/BTC and Bitfinex DRK/BTC/USD charts from bitcoinwisdom. You can always press F11 to set your browser to full screen, press F11 to revert back to normal.

thanks a lot

Xdragon

hero member

Activity: 543

Merit: 500

Quote from: GhostPlayer on June 20, 2014, 05:32:35 AM

Quote from: Xdragon on June 20, 2014, 05:28:54 AM

New sgminer for AMD 14.6 beta drivers. Huge improvement 290x 5,4Mhs , 280x 4,4Mhs https://bitcointalksearch.org/topic/sgminer-amd-144-whql-hashrate-improvement-fixed-658975

How's your heat and wattage? Im way too happy just over 60ºC @ 650watt = 15 MH/s = 5x 280x = 3mh/card

I just saw this, I am still on old amd drivers. Will try it later today probably

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: toknormal on June 20, 2014, 05:30:29 AM

Quote from: komodovpn on June 20, 2014, 05:27:21 AM

I think the people who can afford to run masternodes would not have such weak hands

It's not a question of weak or strong hands, it's a question of a calculator and ROI - return on investment.

Right now, ROI is 1.5 years.

When all these nodes are setup it'll probably be about 4-5 years. It's simple statistics that that will be beyond many people's viability threshold.

That is only taking in consideration DRK revenue. Coming from fiat, I am well well well over ROI'ed already, if I were to cash out. At current price, MN revenue only, I'll ROI FIAT by year's end. At this growth rate, I'll be MN revenue ROI FIAT by early August.

JGCMiner

hero member

Activity: 611

Merit: 500

Quote from: toknormal on June 20, 2014, 05:26:02 AM

1432 DRK shot just gone through in addition to the 2602.

This worries me.

When all these people buying masternodes get their servers up, they'll find that the revenue has halved or even quartered. Will they then all just cash straight back out ?

I am not really "worried", but I wonder if everybody buying understands the variability. MNs are like solo mining rather than pooled mining where you only get rewarded when your node is elected for service.

I have a feeling we are going to get a lot of "my MN has not gotten paid, DRK is SCAM!!1!!1!" stupidity in the coming days. Roll Eyes

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: Xdragon on June 20, 2014, 05:28:54 AM

New sgminer for AMD 14.6 beta drivers. Huge improvement 290x 5,4Mhs , 280x 4,4Mhs https://bitcointalksearch.org/topic/sgminer-amd-144-whql-hashrate-improvement-fixed-658975

How's your heat and wattage? Im way too happy just over 60ºC @ 650watt = 15 MH/s = 5x 280x = 3mh/card

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