[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6766.

JGCMiner

hero member

Activity: 611

Merit: 500

Quote from: humanitee on February 26, 2014, 10:41:22 AM

Quote from: matt608 on February 26, 2014, 10:40:26 AM

Quote from: humanitee on February 26, 2014, 10:38:52 AM

Quote from: fearcoka on February 26, 2014, 10:37:50 AM

How did this coin just devalue? Not sure if srs.

Yes its going downhill a bit but patience is virtue

Instead of them being rare at ~10 million coins, now we are going towards the full ~80 million, an 8 fold increase.

Are you sure that's the consequence of the modification?

Read eduffield's text, that's what he is saying.

True, but it is not like there is all of a sudden 70 million coins flooding the market. This coin is mined very slowly compared to most alts... stop making it seem like the total number of coins is the only factor in determining its future value.

Quote from: matt608 on February 26, 2014, 10:45:01 AM

Quote from: humanitee on February 26, 2014, 10:38:52 AM

Quote from: fearcoka on February 26, 2014, 10:37:50 AM

How did this coin just devalue? Not sure if srs.

Yes its going downhill a bit but patience is virtue

Instead of them being rare at ~10 million coins, now we are going towards the full ~80 million, an 8 fold increase.

"The maximum rewards per year will be 13,140,000 per year", it will many years for all those coins to be mined. It doesn't make much difference to the current coin supply. Still, I would prefer this not to go ahead. Eduffield, why do we suddenly need more coins?

The max reward per year is actually 5,245,200 (25 coins x 24 blocks per hours x 24 hours per day x 364.25 days per year)

matt608

hero member

Activity: 868

Merit: 1000

Quote from: humanitee on February 26, 2014, 10:38:52 AM

Quote from: fearcoka on February 26, 2014, 10:37:50 AM

How did this coin just devalue? Not sure if srs.

Yes its going downhill a bit but patience is virtue

Instead of them being rare at ~10 million coins, now we are going towards the full ~80 million, an 8 fold increase.

"The maximum rewards per year will be 13,140,000 per year", it will many years for all those coins to be mined. It doesn't make much difference to the current coin supply. Still, I would prefer this not to go ahead. Eduffield, why do we suddenly need more coins?

x0rcist

full member

Activity: 238

Merit: 100

Quote from: humanitee on February 26, 2014, 10:38:52 AM

Quote from: fearcoka on February 26, 2014, 10:37:50 AM

How did this coin just devalue? Not sure if srs.

Yes its going downhill a bit but patience is virtue

Instead of them being rare at ~10 million coins, now we are going towards the full ~80 million, an 8 fold increase.

This fucking sucks for people like me who bought in the past week, thinking the coin was rarer than it is now. I don't plan on selling, it just sucks knowing I could have gotten more.

I have to agree, everyone has a more then fair price atm to buy in on darktrain.

So this news is not a good thing after all things that happened in the last week... It makes this coin also heavy for inflation. Sad

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: matt608 on February 26, 2014, 10:40:26 AM

Quote from: humanitee on February 26, 2014, 10:38:52 AM

Quote from: fearcoka on February 26, 2014, 10:37:50 AM

How did this coin just devalue? Not sure if srs.

Yes its going downhill a bit but patience is virtue

Instead of them being rare at ~10 million coins, now we are going towards the full ~80 million, an 8 fold increase.

Are you sure that's the consequence of the modification?

Read eduffield's text, that's what he is saying.

matt608

hero member

Activity: 868

Merit: 1000

Quote from: humanitee on February 26, 2014, 10:38:52 AM

Quote from: fearcoka on February 26, 2014, 10:37:50 AM

How did this coin just devalue? Not sure if srs.

Yes its going downhill a bit but patience is virtue

Instead of them being rare at ~10 million coins, now we are going towards the full ~80 million, an 8 fold increase.

Are you sure that's the consequence of the modification?

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: fearcoka on February 26, 2014, 10:37:50 AM

How did this coin just devalue? Not sure if srs.

Yes its going downhill a bit but patience is virtue

Instead of them being rare at ~10 million coins, now we are going towards the full ~80 million, an 8 fold increase.

This fucking sucks for people like me who bought in the past week, thinking the coin was rarer than it is now. I don't plan on selling, it just sucks knowing I could have gotten more.

fearcoka

legendary

Activity: 1008

Merit: 1000

How did this coin just devalue? Not sure if srs.

Yes its going downhill a bit but patience is virtue

JGCMiner

hero member

Activity: 611

Merit: 500

Quote from: humanitee on February 26, 2014, 10:33:46 AM

Quote from: eduffield on February 26, 2014, 10:16:40 AM

words

Expect more dumping everyone, this coin just devalued.

A.K.A More for those of us that realize this coin is going somewhere. Grin

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

Quote from: JGCMiner on February 26, 2014, 10:29:40 AM

Quote from: eduffield on February 26, 2014, 10:16:40 AM

There has been some debate lately about the reward structure vs the early adopter advantage. To be clear, Darkcoin was pre-announced so all of the miners shared in the early mining. There were some issues with the block reward in the beginning, but it was still fair. We don’t have a huge percentage of the coins in existence like some users have purposed. In fact, we gave away nearly 80,000 coins in the first week.

Originally we thought scarce was good, but the halving was added to the code later and was an obvious mistake, it doesn’t work well with the formulas we’re using to implement the mining reward structure.

I’ve been doing the math this morning and Darkcoin doesn’t need a halving structure at all. So I’m removing it:

https://github.com/evan82/darkcoin/commit/819ccd71cab84c3728d457b16d2679486f917394

The formula 2222222/(((Difficulty+2600)/9)^2) is actually well defined to handle lowering the reward steadily over a long period of time. It caps out about 5000 difficulty, if this isn’t high enough or slow enough we can revisit this later.

This change will put us way closer to the 84,000,000 coin maximum that we originally wanted. The maximum rewards per year will be 13,140,000 per year (25 every 2.5 minutes) and eventually only release 2,628,000 per year (5 every 2.5 minutes).

Thanks for the input and support

Good on you. I think this is a really wise decision.
However, this means a hard fork right? From what block should we worry about updating our wallets?

It's a hard fork at block 210240. We'll release DarkSend before that happens which will also require an update to use, so no need to worry about updating just yet.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: eduffield on February 26, 2014, 10:16:40 AM

words

Expect more dumping everyone, this coin just devalued.

JGCMiner

hero member

Activity: 611

Merit: 500

Quote from: eduffield on February 26, 2014, 10:16:40 AM

There has been some debate lately about the reward structure vs the early adopter advantage. To be clear, Darkcoin was pre-announced so all of the miners shared in the early mining. There were some issues with the block reward in the beginning, but it was still fair. We don’t have a huge percentage of the coins in existence like some users have purposed. In fact, we gave away nearly 80,000 coins in the first week.

Originally we thought scarce was good, but the halving was added to the code later and was an obvious mistake, it doesn’t work well with the formulas we’re using to implement the mining reward structure.

I’ve been doing the math this morning and Darkcoin doesn’t need a halving structure at all. So I’m removing it:

https://github.com/evan82/darkcoin/commit/819ccd71cab84c3728d457b16d2679486f917394

The formula 2222222/(((Difficulty+2600)/9)^2) is actually well defined to handle lowering the reward steadily over a long period of time. It caps out about 5000 difficulty, if this isn’t high enough or slow enough we can revisit this later.

This change will put us way closer to the 84,000,000 coin maximum that we originally wanted. The maximum rewards per year will be 13,140,000 per year (25 every 2.5 minutes) and eventually only release 2,628,000 per year (5 every 2.5 minutes).

Thanks for the input and support

Good on you. I think this is a really wise decision.
However, this means a hard fork right? From what block should we worry about updating our wallets?

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

There has been some debate lately about the reward structure vs the early adopter advantage. To be clear, Darkcoin was pre-announced so all of the miners shared in the early mining. There were some issues with the block reward in the beginning, but it was still fair. We don’t have a huge percentage of the coins in existence like some users have purposed. In fact, we gave away nearly 80,000 coins in the first week.

Originally we thought scarce was good, but the halving was added to the code later and was an obvious mistake, it doesn’t work well with the formulas we’re using to implement the mining reward structure.

I’ve been doing the math this morning and Darkcoin doesn’t need a halving structure at all. So I’m removing it:

https://github.com/evan82/darkcoin/commit/819ccd71cab84c3728d457b16d2679486f917394

The formula 2222222/(((Difficulty+2600)/9)^2) is actually well defined to handle lowering the reward steadily over a long period of time. It caps out about 5000 difficulty, if this isn’t high enough or slow enough we can revisit this later.

This change will put us way closer to the 84,000,000 coin maximum that we originally wanted. The maximum rewards per year will be 5.2M per year (25 every 2.5 minutes) and eventually only release 1.0M per year (5 every 2.5 minutes).

Thanks for the input and support

x0rcist

full member

Activity: 238

Merit: 100

[tinfoilhat mode]

It really looks some anti propaganda is going on against darkcoin.

It reminds me about a blogpost i stumbled on this weekend and gets deleted from a lot of resources that link to it or try to start a discussion about it.
Fits perfect to whats going on with Darkcoin the last week.

https://firstlook.org/theintercept/2014/02/24/jtrig-manipulation/

[/tinfoilhat mode]

ciocgun

sr. member

Activity: 490

Merit: 250

Quote from: mjsrs on February 26, 2014, 09:57:59 AM

I would love to see darkcoin on BTER.
Any chance?

If you are new to BTER use my referral, you will get 10% off discount on all your trading fees for 6 months.
https://bter.com/signup/123782

nice spam

mjsrs

full member

Activity: 172

Merit: 100

I would love to see darkcoin on BTER.
Any chance?

If you are new to BTER use my referral, you will get 10% off discount on all your trading fees for 6 months.
https://bter.com/signup/123782

ciocgun

sr. member

Activity: 490

Merit: 250

I try to buy on cex at 0.0009 but noone solds :-(

slyA

full member

Activity: 126

Merit: 100

Quote from: Lebubar on February 26, 2014, 09:45:54 AM

Quote from: matt608 on February 26, 2014, 09:30:26 AM

I think the DRK price is artificially/temporarily low at the moment due to the c-cex debacle, just like the btc price was/is suppressed by gox. I put my money where my mouth is and bought a few more. Expecting a return to 0.002 by the end of next week and much higher once Darksend is implemented.

We have to be patient...
Don't care for the prize now..
Buy if you can, and wait and see.

Eddufield will talk on march at the crypto conference, darksend not implemented yet...

That is not an easy prospect considering every other coin is in green and dark is plummeting due to the heavy holders and thieves dumping. Look at poloniex, cryptsy and mintpal. Everyone is jumping ship. That combined with the mining logistics and percentage held by early adopters. Besides its currently a space race towards anonymity and rest assured that if we get beaten to the punch, the investors will hop on board the other train. I'm just saying.

Lebubar

legendary

Activity: 1288

Merit: 1000

Quote from: matt608 on February 26, 2014, 09:30:26 AM

I think the DRK price is artificially/temporarily low at the moment due to the c-cex debacle, just like the btc price was/is suppressed by gox. I put my money where my mouth is and bought a few more. Expecting a return to 0.002 by the end of next week and much higher once Darksend is implemented.

We have to be patient...
Don't care for the prize now..
Buy if you can, and wait and see.

Eddufield will talk on march at the crypto conference, darksend not implemented yet...

BitcoinSteve

member

Activity: 112

Merit: 10

must learn cpu mining

traumschiff

legendary

Activity: 1498

Merit: 1001

180 BPM

Quote from: DuvajBalone on February 26, 2014, 09:35:38 AM

Quote from: tabnk on February 26, 2014, 09:23:56 AM

0.001 BTC still not bad but MINING WAY to HARD now. 25 DRK per only Embarrassed

That is the reality. It is on margin with LTC mining, and that is not bad, because LTC is stable, not just like other pump/dump shitcoin. So if DRK/BTC gets stable in a long run we are on the right way.

I've already got 6 DRK-s today with 1 mh/s and could get another 5-6 easily. That at current price means I still get around 0.01-0.12 BTC / day, which is on par with multipools atm. Maybe it was just a lucky day in terms of blockfinding but when the price goes up its good ^^

Edit:
Sorry meant 2.6 mh/s alltogether (but in scrypts its 920 kh/s)

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6766. (Read 9723522 times)