[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5913.

anonymousxx1503

hero member

Activity: 532

Merit: 500

Quote from: theskillzdatklls on May 16, 2014, 12:27:26 AM

Quote from: AlexGR on May 15, 2014, 11:28:29 PM

Quote from: theskillzdatklls on May 15, 2014, 11:27:34 PM

What happens to masternodes when mining rewards run out or get very low over time?

Coin price goes up and compensates.

Payments will not run out for many decades.

That doesn't make any sense, masternodes are a big deal to the system and there's no measure in place for what to do as the system ages?

How about we worry about it in 50+ years when the rewards run out? What were we worrying about in 1964 again? It sure wasn't decentralized global cryptocurrencies running on a worldwide network of interconnected computers, I'll tell you that much.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

Quote from: AlexGR on May 15, 2014, 11:28:29 PM

Quote from: theskillzdatklls on May 15, 2014, 11:27:34 PM

What happens to masternodes when mining rewards run out or get very low over time?

Coin price goes up and compensates.

Payments will not run out for many decades.

That doesn't make any sense, masternodes are a big deal to the system and there's no measure in place for what to do as the system ages?

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Quote from: nzminer on May 16, 2014, 12:05:25 AM

Quote from: AlexGR on May 16, 2014, 12:02:16 AM

I think the sustainable limit for any coin, including DRK, BTC, LTC etc, is the money required daily to buy the production and keep the price steady.

Bitcoin requires ~1.62mn USD per day (3600 coins X 450$)
Litecoin requires ~288k USD per day (28.800 coins X 10$)
DOGE requires ~81.3k USD per day (180.000.000 coins X 0.000452$)
DRK requires ~24-30k USD per day (4000-5000 coins X 6$)

If DRK goes to 10$ (0.023 like LTC) and block rewards falls to 5 due to the new nvidia miner which can bring tons of hashpower, it'll be 10$ x 2880 coins per day =28.8k USD per day - which is still 1/10th of LTC.

From a financial standpoint, we are seeing something new for PoW coins: The rise of Dark is kept relatively stable in terms of daily money requirements because coin supply diminishes to compensate for the increased price and difficulty. At the same time future quantity / max limit is also taken down the sooner we hit min block reward (from 22mn max coins to something like 16-17mn).

Are you saying that Nvidia cards can mine DRK faster than ATI?
That would be interesting.

YES with ccminer, my friend have 3 x TITANs and he mines 4,6 Mhs each gpu.

mannie

full member

Activity: 168

Merit: 100

Quote from: stealth923 on May 15, 2014, 11:40:15 PM

Looks like we all get a breather while the price has stabilized at the 0.013 mark.

This is my prediction - although I usually suck at this Cheesy

Feel free to make your bets!

Next rise I predict stability at 0.021-0.025 - align with hash rate and where I think the value should be.

Once masternode payments & DGW3 begin - expect 0.04 - 0.09 (Big exchanges wake up and see the lost revenue and add DRK)

Ring Signatures & Community Verification - expect 0.15 - 0.2 (If all goes well, LTC dies at the hands of DRK)

Open source and Community adoption - 0.3+

I think 0.3 is a reasonable prediction for a unique anonymous digital currency. Darkcoin builds real utility on Bitcoin so creeping up on Bitcoin's price is inevitable.

jakecrow

full member

Activity: 224

Merit: 100

Quote from: AlexGR on May 16, 2014, 12:13:51 AM

Quote from: jakecrow on May 16, 2014, 12:12:56 AM

Quote from: AlexGR on May 16, 2014, 12:06:56 AM

Quote from: nzminer on May 16, 2014, 12:05:25 AM

Quote from: AlexGR on May 16, 2014, 12:02:16 AM

I think the sustainable limit for any coin, including DRK, BTC, LTC etc, is the money required daily to buy the production and keep the price steady.

Bitcoin requires ~1.62mn USD per day (3600 coins X 450$)
Litecoin requires ~288k USD per day (28.800 coins X 10$)
DOGE requires ~81.3k USD per day (180.000.000 coins X 0.000452$)
DRK requires ~24-30k USD per day (4000-5000 coins X 6$)

If DRK goes to 10$ (0.023 like LTC) and block rewards falls to 5 due to the new nvidia miner which can bring tons of hashpower, it'll be 10$ x 2880 coins per day =28.8k USD per day - which is still 1/10th of LTC.

From a financial standpoint, we are seeing something new for PoW coins: The rise of Dark is kept relatively stable in terms of daily money requirements because coin supply diminishes to compensate for the increased price and difficulty. At the same time future quantity / max limit is also taken down the sooner we hit min block reward (from 22mn max coins to something like 16-17mn).

Are you saying that Nvidia cards can mine DRK faster than ATI?
That would be interesting.

Yeah it's a new development: http://cryptomining-blog.com/2422-updated-ccminer-1-0-beta-with-improved-performance-for-x11-mining/

Up to a few days ago the 780Ti was up to the same level as a 290x and the 750 Ti was at ~1.5 Mhash. They've made significant gains. If the 780 Ti can now pull 4.7 with no overclock, 5 MHs should be easy with oc.

Man those 780Tis are crazy expensive. I guess if you've already got the hardware it's great but I don't think I could justify the cost if I were looking to buy more mining equipment.

One can go with multi-750 Ti setup. Much cheaper and close to AMD 290 levels of mining right now, with very little power use.

Yeah for sure those are probably the way to go. Thought about getting some recently, probably will if I can find some on sale.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: jakecrow on May 16, 2014, 12:12:56 AM

Quote from: AlexGR on May 16, 2014, 12:06:56 AM

Quote from: nzminer on May 16, 2014, 12:05:25 AM

Quote from: AlexGR on May 16, 2014, 12:02:16 AM

I think the sustainable limit for any coin, including DRK, BTC, LTC etc, is the money required daily to buy the production and keep the price steady.

Bitcoin requires ~1.62mn USD per day (3600 coins X 450$)
Litecoin requires ~288k USD per day (28.800 coins X 10$)
DOGE requires ~81.3k USD per day (180.000.000 coins X 0.000452$)
DRK requires ~24-30k USD per day (4000-5000 coins X 6$)

If DRK goes to 10$ (0.023 like LTC) and block rewards falls to 5 due to the new nvidia miner which can bring tons of hashpower, it'll be 10$ x 2880 coins per day =28.8k USD per day - which is still 1/10th of LTC.

From a financial standpoint, we are seeing something new for PoW coins: The rise of Dark is kept relatively stable in terms of daily money requirements because coin supply diminishes to compensate for the increased price and difficulty. At the same time future quantity / max limit is also taken down the sooner we hit min block reward (from 22mn max coins to something like 16-17mn).

Are you saying that Nvidia cards can mine DRK faster than ATI?
That would be interesting.

Yeah it's a new development: http://cryptomining-blog.com/2422-updated-ccminer-1-0-beta-with-improved-performance-for-x11-mining/

Up to a few days ago the 780Ti was up to the same level as a 290x and the 750 Ti was at ~1.5 Mhash. They've made significant gains. If the 780 Ti can now pull 4.7 with no overclock, 5 MHs should be easy with oc.

Man those 780Tis are crazy expensive. I guess if you've already got the hardware it's great but I don't think I could justify the cost if I were looking to buy more mining equipment.

One can go with multi-750 Ti setup. Much cheaper and close to AMD 290 levels of mining right now, with very little power use.

jakecrow

full member

Activity: 224

Merit: 100

Quote from: AlexGR on May 16, 2014, 12:06:56 AM

Quote from: nzminer on May 16, 2014, 12:05:25 AM

Quote from: AlexGR on May 16, 2014, 12:02:16 AM

I think the sustainable limit for any coin, including DRK, BTC, LTC etc, is the money required daily to buy the production and keep the price steady.

Bitcoin requires ~1.62mn USD per day (3600 coins X 450$)
Litecoin requires ~288k USD per day (28.800 coins X 10$)
DOGE requires ~81.3k USD per day (180.000.000 coins X 0.000452$)
DRK requires ~24-30k USD per day (4000-5000 coins X 6$)

If DRK goes to 10$ (0.023 like LTC) and block rewards falls to 5 due to the new nvidia miner which can bring tons of hashpower, it'll be 10$ x 2880 coins per day =28.8k USD per day - which is still 1/10th of LTC.

From a financial standpoint, we are seeing something new for PoW coins: The rise of Dark is kept relatively stable in terms of daily money requirements because coin supply diminishes to compensate for the increased price and difficulty. At the same time future quantity / max limit is also taken down the sooner we hit min block reward (from 22mn max coins to something like 16-17mn).

Are you saying that Nvidia cards can mine DRK faster than ATI?
That would be interesting.

Yeah it's a new development: http://cryptomining-blog.com/2422-updated-ccminer-1-0-beta-with-improved-performance-for-x11-mining/

Up to a few days ago the 780Ti was up to the same level as a 290x and the 750 Ti was at ~1.5 Mhash. They've made significant gains. If the 780 Ti can now pull 4.7 with no overclock, 5 MHs should be easy with oc.

Man those 780Tis are crazy expensive. I guess if you've already got the hardware it's great but I don't think I could justify the cost if I were looking to buy more mining equipment.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: nzminer on May 16, 2014, 12:05:25 AM

Quote from: AlexGR on May 16, 2014, 12:02:16 AM

I think the sustainable limit for any coin, including DRK, BTC, LTC etc, is the money required daily to buy the production and keep the price steady.

Bitcoin requires ~1.62mn USD per day (3600 coins X 450$)
Litecoin requires ~288k USD per day (28.800 coins X 10$)
DOGE requires ~81.3k USD per day (180.000.000 coins X 0.000452$)
DRK requires ~24-30k USD per day (4000-5000 coins X 6$)

If DRK goes to 10$ (0.023 like LTC) and block rewards falls to 5 due to the new nvidia miner which can bring tons of hashpower, it'll be 10$ x 2880 coins per day =28.8k USD per day - which is still 1/10th of LTC.

From a financial standpoint, we are seeing something new for PoW coins: The rise of Dark is kept relatively stable in terms of daily money requirements because coin supply diminishes to compensate for the increased price and difficulty. At the same time future quantity / max limit is also taken down the sooner we hit min block reward (from 22mn max coins to something like 16-17mn).

Are you saying that Nvidia cards can mine DRK faster than ATI?
That would be interesting.

Yeah it's a new development: http://cryptomining-blog.com/2422-updated-ccminer-1-0-beta-with-improved-performance-for-x11-mining/

Up to a few days ago the 780Ti was up to the same level as a 290x and the 750 Ti was at ~1.5 Mhash. They've made significant gains. If the 780 Ti can now pull 4.7 with no overclock, 5 MHs should be easy with oc.

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: AlexGR on May 16, 2014, 12:02:16 AM

I think the sustainable limit for any coin, including DRK, BTC, LTC etc, is the money required daily to buy the production and keep the price steady.

Bitcoin requires ~1.62mn USD per day (3600 coins X 450$)
Litecoin requires ~288k USD per day (28.800 coins X 10$)
DOGE requires ~81.3k USD per day (180.000.000 coins X 0.000452$)
DRK requires ~24-30k USD per day (4000-5000 coins X 6$)

If DRK goes to 10$ (0.023 like LTC) and block rewards falls to 5 due to the new nvidia miner which can bring tons of hashpower, it'll be 10$ x 2880 coins per day =28.8k USD per day - which is still 1/10th of LTC.

From a financial standpoint, we are seeing something new for PoW coins: The rise of Dark is kept relatively stable in terms of daily money requirements because coin supply diminishes to compensate for the increased price and difficulty. At the same time future quantity / max limit is also taken down the sooner we hit min block reward (from 22mn max coins to something like 16-17mn).

Are you saying that Nvidia cards can mine DRK faster than ATI?
That would be interesting.

AlexGR

legendary

Activity: 1708

Merit: 1049

I think the sustainable limit for any coin, including DRK, BTC, LTC etc, is the money required daily to buy the production and keep the price steady.

Bitcoin requires ~1.62mn USD per day (3600 coins X 450$)
Litecoin requires ~288k USD per day (28.800 coins X 10$)
DOGE requires ~81.3k USD per day (180.000.000 coins X 0.000452$)
DRK requires ~24-30k USD per day (4000-5000 coins X 6$)

If DRK goes to 10$ (0.023 like LTC) and block rewards falls to 5 due to the new nvidia miner which can bring tons of hashpower, it'll be 10$ x 2880 coins per day =28.8k USD per day - which is still 1/10th of LTC.

From a financial standpoint, we are seeing something new for PoW coins: The rise of Dark is kept relatively stable in terms of daily money requirements because coin supply diminishes to compensate for the increased price and difficulty. At the same time future quantity / max limit is also taken down the sooner we hit min block reward (from 22mn max coins to something like 16-17mn).

nzminer

legendary

Activity: 1918

Merit: 1001

Quote from: CryptoPleb on May 15, 2014, 11:56:24 PM

When will masternodes be brought down to 500drk each? Grin

Yeah i think this is necessary, even 100 DRK would be good.
The problem is that too many of the coins are being bought for masternodes, and in turn is making the coin extremely scarce, driving up its price.
I wouldnt be surprised if there will be 1000 masternodes running before long, thats 1 million DRK!

anonymousxx1503

hero member

Activity: 532

Merit: 500

Quote from: jakecrow on May 15, 2014, 11:20:02 PM

Don't feel bad buddy. Here I'll help you feel better...

I sold nearly 2k DRK at .00125 because the price didn't move for a month. I thought I'd play other coins and buy back in. So I bought Blackcoin @ 88k (LOL WINNING) and lost a good chunk of the bitcoin I had. DRK started climbing quickly after, and I didn't buy it until around .0052. This was literally an hour before it crashed back to .003 or so. I was so frustrated I just sold what I had and pretty much wanted to quit trading forever. Anyways I didn't do any trading for a couple weeks and now I've bought back into darkcoin at about 10x the price I originally sold for. If anyone wants trading advice PM me Roll Eyes

.

Oh .. this is so, so bad, it hurts my soul. I'm very sorry. I've had the opposite experience entirely on my side. Started buying/mining dark when it was around 0.0001988 (February 6th), kept on buying for a month and mined on 100 Amazon 8core EC2 instances. Then basically just kept trading other coins with some BTC and reinvested all profit into Darkcoin all the time at 0.0012-0.0015 for two months. At the first big rise I sold a huge chunk to a massive sell wall from at 0.00427 then rebought from 0.0033 to 0.0039, then sold again to a wall at 0.0053, then rebought at 0.0043 , and kept on doing this now until 0.017 earlier and made 7 BTC today on trades. Now rebuying slowly again but I've increased my Darkcoin position massively and made tons of BTC in the process.

I've never been this lucky/good at anything as far as trades go but after having read every single goddamn post in this thread and being active on twitter and reading the darkcointalk forum all the time, it felt like I had a sixth sense for Darkcoin. Now I'm lost though, I have 0 idea where it's going after 0.013-0.012 , is it sideways for a while? is a huge pump coming tomorrow? is it going to drop slowly (unlikely I think).

We'll find out!

chaeplin

sr. member

Activity: 294

Merit: 250

Quote from: stealth923 on May 15, 2014, 11:40:15 PM

Looks like we all get a breather while the price has stabilized at the 0.013 mark.

This is my prediction - although I usually suck at this Cheesy

Feel free to make your bets!

Next rise I predict stability at 0.021-0.025 - align with hash rate and where I think the value should be.

Once masternode payments & DGW3 begin - expect 0.04 - 0.09 (Big exchanges wake up and see the lost revenue and add DRK)

Ring Signatures & Community Verification - expect 0.15 - 0.2 (If all goes well, LTC dies at the hands of DRK)

Open source and Community adoption - 0.3+

V1 open source first, then V2 Ring Signatures.

https://bitcointalksearch.org/topic/m.6686819

CryptoPleb

full member

Activity: 196

Merit: 100

When will masternodes be brought down to 500drk each? Grin

stealth923

legendary

Activity: 1036

Merit: 1000

Looks like we all get a breather while the price has stabilized at the 0.013 mark.

This is my prediction - although I usually suck at this Cheesy

Feel free to make your bets!

Next rise I predict stability at 0.021-0.025 - align with hash rate and where I think the value should be.

Once masternode payments & DGW3 begin - expect 0.04 - 0.09 (Big exchanges wake up and see the lost revenue and add DRK)

Ring Signatures & Community Verification - expect 0.15 - 0.2 (If all goes well, LTC dies at the hands of DRK)

Open source and Community adoption - 0.3+

baddw

hero member

Activity: 700

Merit: 500

Been watching this coin for a while. Bought a small amount at .0014, just to use up some BTC dust at Cryptsy. Now I'm wishing I had put some real funds into it, LOL. Very glad to see the rise, just bought some more. Sold all my DOGE, MINT, etc. crapcoins to do so. This is seriously the only PoW altcoin worth holding.

etelu-deis

newbie

Activity: 7

Merit: 0

6 dollars

mannie

full member

Activity: 168

Merit: 100

Quote from: Minotaur26 on May 15, 2014, 11:14:09 PM

Quote from: mannie on May 15, 2014, 11:04:04 PM

Can anyone help me understand what a masternode does within DarkSend? As in, how does it operate within the pools? I'm writing a media release about RC2 but I lack the technical understand of masternodes. Just one or two sentences would be great!

Plenty of information on the Darkcoin wiki FAQ by AlexGR everyone should read it. http://wiki.darkcoin.eu/wiki/Main_Page

EDIT: FAQ http://wiki.darkcoin.eu/wiki/FAQ

THX

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: theskillzdatklls on May 15, 2014, 11:27:34 PM

What happens to masternodes when mining rewards run out or get very low over time?

Coin price goes up and compensates.

Payments will not run out for many decades.

theskillzdatklls

hero member

Activity: 1328

Merit: 563

MintDice.com | TG: t.me/MintDice

What happens to masternodes when mining rewards run out or get very low over time?

Is 10% block reward a permanent # or can it increase or is there a PoS system eventually built in?

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5913. (Read 9723858 times)