Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6411. (Read 9723858 times)

You could run a micro on EC2 for $14/mo to do it.

I would really love to be a part of this but that would require me buying a PC to run 24/7.  What sort of hardware would be required to run a node? Would a low power PC be acceptable or does it need to be capable of doing a lot of hashing, etc?

I'm with you, I think it's great!


To everyone else: This is a shitty idea and you should not participate! 

- windows ok? Yes
- does it have to be guaranteed to run 24/7 or can it be a desktop computer that's on 2 hours a day? 24/7 is required, otherwise you'll get the percentage your computer is on.
- public ip? port 9999 will need to be open
- static ip? doesn't matter
- is the ip compiled into the wallet? no, it's discovered
- possible to run multiple nodes on the same computer? each 1000DRK would be entered as a "ticket" for the election, so one daemon is fine.

Count me in, I have dedicated vmware machine with dedicated 100mbit con.

Sounds awesome imo.

Requirements for running a master node?
- windows ok?
- does it have to be guaranteed to run 24/7 or can it be a desktop computer that's on 2 hours a day?
- public ip?
- static ip?
- is the ip compiled into the wallet?
- possible to run multiple nodes on the same computer?
- etc

The next stage of DarkSend

The design of Darkcoin is all about economic incentives, I've tried to bake as much of that in as possible. I've been thinking about the reliance on master nodes in our new design for securing the network and I see some room for improvement.

With the current design we will require 1000DRK to operate a master node. That requires you putting 1000DRK in a hotwallet (dangerous) only to collect the collateral fees which won't amount to much.

So what do we want?

- We want as many master nodes as possible (the more nodes the more secure the network)
- We want them to be profitable to run
- We want it to be very expensive investment to operate a master node

So I propose the following solution, each block the last master node will receive 10% of the mining reward (in addition to the reward given to the miner). So for example, if the mining reward was 19DRK the last master node will automatically receive 1.9DRK.

This also has some really great side effects:

- It creates a completely new type of investor that buys DRK and holds it (where as miners create dark coin and sell it for the most part)
- It adds a ton of full nodes to the network
- It creates demand and scarcity, which should provide a nice return for our investors

Also, these payments are completely secure. New blocks with the dividend payment made out to the incorrect master node will be rejected (the whole network knows who won the election).

At the present moment we have a chicken and egg problem. We need master nodes to support darksend and we don't want to go live with 1 or 2 master nodes. To solve this we will implement the election code into the main client, along with the payments to master nodes while DarkSend is still beta.

What type of return will you see?

- If there’s 1 capable master node, you’ll receive all payments 576*(AverageReward/10) per day

Capable Nodes, Daily Reward
1, 1094DRK
2, 547DKR
5, 218DRK
10, 109DRK
20, 54DRK
50, 21DRK
100, 11DRK

As you can see, we’ll quickly reach equilibrium with the price and at the same time this will create buying pressure raising the price more and causing the network to become increasingly secure.

Also, we can build our master node network now in the immediate. Users can buy the darkcoin needed to run one and they will just run the beta client. We'll open source the election code and hard fork to add the payments to master nodes in and our network will be secure by the time we're ready to do a full launch.

I really love the idea, thoughts?

lol, IDGAF.

Keep it legal in your country and get the increase in taxes and business, or shoot yourself in the face and give it all to the black market. You can't stop crypto-currency.

There are only a few countries that have banned it and none of the bans were surprising. I wouldn't worry about it.

How do we know other countries wont do the same...

I am actually glad.

2 reasons:
1) Bitcoin was designed to overcome this, it will further encourage decentralized exchange between regular Chinese folk.
2) No more vague guidelines from China that spook the market. It's over.



3) A fully implemented Darkcoin + Chinese economic implosion == Moist pants

hello
I wonder if it really was impossible to trace the transaction with this money?
and this is the case admits what he planned to not that this part is prohibited not state?

Charts here: http://crypto-prices.com/DRK

This is owner of C-CEX.com and I am contacting you to bring you up to date with the exchange in reference to the stolen BTC we suffered on February 23rd.

We are working hard to pay back the stolen coins but as you will fully understand you cant please all the people all of the time and we have a few members that are going around bad mouthing the site and giving out false information. If you have any questions or concerns please contact us direct and we will answer you fully and honestly.

We developed much better security and made many improvements to exchange and didn't have any issues since accident.

I think there will be 2 terms that will be "large" - or larger in the future:

AI-proof
QC-proof

AI = Artificial Intelligence that performs transaction analysis
QC = Quantum Computing that breaks the encryption

As I'm thinking more of it, perhaps the greatest weakness of the system is the requirement to have hundreds of thousands of DRKs online: If a network exploit is found at some point that allows the hacking of the master nodes, then every single node can be emptied of their money and a hacker will end up with something like half a million DRK... wallets and stuff are relatively safe due to the encryption, offline protection etc, but networks have a much weaker reputation: Exchanges, pools, even dice games -as reported above- are getting hacked.

China just screwed everyone.

This is a bump in the road, but bloody hell what a bump.

http://www.coindesk.com/btc38-suspends-trading-cites-china-central-bank-guidance/

you will get above 2Mhash/s. with little overtune.

I just discovered this coin and since this is my first mining attempt using X11 I'm wondering if I made correct setup for my GPU (Sapphire 280x).

I used same config as for Vertminer and I'm getting 2Mhash/s.

Is this speed what is expected from 280x?

Am I the only one wondering who certain people in this thread are working for?

Whether they know it or not.