[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6776.

TingCoin

hero member

Activity: 720

Merit: 500

Quote from: anonymousxx1503 on February 25, 2014, 08:24:47 PM

Quote from: TingCoin on February 25, 2014, 08:20:36 PM

Most likely reason for price drops:

Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.

Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.

Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.

This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.

I do hope it isn't something to do with coinmine though, that would be a nasty thought.

I'm the crazy one with the doublespend theory. Only came up with that since I couldn't figure out at all why the hell someone would want to lose so much money by dumping now, except for competition/the thief. There is most likely no truth at all to the doublespend, I just had to bring it up and bring down coinmin to below 50% at the same time.

Yeah it's definitely a good thing you bought it up. Would their be any way for anyone to find out if that happened or not?

anonymousxx1503

hero member

Activity: 532

Merit: 500

Quote from: TingCoin on February 25, 2014, 08:20:36 PM

Most likely reason for price drops:

Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.

Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.

Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.

This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.

I do hope it isn't something to do with coinmine though, that would be a nasty thought.

I'm the crazy one with the doublespend theory. Only came up with that since I couldn't figure out at all why the hell someone would want to lose so much money by dumping now, except for competition/the thief. There is most likely no truth at all to the doublespend, I just had to bring it up and bring down coinmin to below 50% at the same time.

TingCoin

hero member

Activity: 720

Merit: 500

Most likely reason for price drops:

Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.

Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had because he waited for it to recover a bit or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.

Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.

This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.

I do hope it isn't something to do with coinmine though, that would be a nasty thought.

buryat

newbie

Activity: 28

Merit: 0

Quote from: eduffield on February 25, 2014, 07:56:07 PM

It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:

Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc

So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.

1 834 654 coins were mined in the first 24hrs (17.4% of all the coins that will be mined)
http://explorer.darkcoin.io/chain/DarkCoin?hi=4200&count=100

And only linux wallet on start, which limited number of miners.

Plus strange block reward bug https://github.com/evan82/darkcoin/commit/a5737981616b4f6392d4eb63f89760c3afc64e08

Lebubar

legendary

Activity: 1288

Merit: 1000

Quote from: eduffield on February 25, 2014, 07:56:07 PM

Quote from: JGCMiner on February 25, 2014, 07:45:43 PM

Eduffield, Any chance we can get this diff/reward stuff explained?

With all the forks it is hard to tell if the halving is being used and when it begins. Best thing to stop the potential spread of FUD is an official statement and explanation.

It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:

Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc

So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.

So that s right that we will never reach the 84 millions.. The max in infinite time is 10,512,000 coins...

Or the halving stop after certain number of years...?

daddeo

full member

Activity: 129

Merit: 100

Quote from: illodin on February 25, 2014, 08:07:13 PM

Quote from: daddeo on February 25, 2014, 08:02:16 PM

Not sure if any of this is a coordinated effort to steer miners to coinmine.pl, but who doesn't love a good conspiracy theory. Wink

Well maybe we should coordinate an effort to steer miners away from coinmine.pl if you catch my drift. Roll Eyes

I'm all for that. I've got a novice question. When mining in the p2p pool, do all the nodes listed share in the block reward or is each node treated individually, kinda like its own pool?

illodin

hero member

Activity: 966

Merit: 1003

Quote from: daddeo on February 25, 2014, 08:02:16 PM

Not sure if any of this is a coordinated effort to steer miners to coinmine.pl, but who doesn't love a good conspiracy theory. Wink

Well maybe we should coordinate an effort to steer miners away from coinmine.pl if you catch my drift. Roll Eyes

daddeo

full member

Activity: 129

Merit: 100

Quote from: B2BigAl on February 25, 2014, 07:46:55 PM

Quote from: anonymousxx1503 on February 25, 2014, 06:53:09 PM

LISTEN UP

The coinmine pool at https://www2.coinmine.pl/drk/index.php has 80% of the total hashrate

80% of total hashrate!

We absolutely need to spread out the power to other pools, look at the list on www.darkcoin.io or all the new pools people are posting and change your miners. To the official pool at least which the devs control.

I don't want to spread FUD and accusations but there has been a lot of weird stuff happening these days. Part of it can be explained by the C-CEX.com hacks which put a ton of DRK on the market to be dumped on poloniex. But maybe, just maybe, the biggest pool is authoring double spends and sending fake DRK to be dumped. I'm very sorry to even bring this up if it's false and I mean no offense but it's something to consider. Someone may be draining DRK for all it's worth. Or someone (competitor?) may be intentionally investing in bringing down DRK as well but at least we can power through that.

If the coinmine pool owner reads this, please respond in any way possible, no offense was meant.

One thing is for sure, DRK is under attack by someone who wants to A) Destroy it and bring the price down while they bring out their competitor B) Lower the price insanely and then buy it all up, which makes no sense since they already have tons of coins.

Yeah, I'm not pointing fingers either, but someone is seriously manipulating this coin, and its getting real old real fast. I don't know how to get to the bottom of this, but it looks really bad when the price is all over the place like it has been. Having 80% of the hashrate in one pool is awful damn suspicious. I'll just leave it at that.

I for one am mining at coinmine.pl now because it was the only one stable for awhile. I'm looking into changing now but I tried smalltime and cpu-mine first but none were as reliable as coinmine.pl. Even now as I type this, I have trouble connecting to the official pools website. Not sure if any of this is a coordinated effort to steer miners to coinmine.pl, but who doesn't love a good conspiracy theory. Wink

Lebubar

legendary

Activity: 1288

Merit: 1000

Quote from: mannie on February 25, 2014, 07:41:49 PM

With so much talk about open/closed source, I've decided to make a poll on the issue. It probably won't solve the debate but I think it will be interesting.

Personally, I favour opening only after DRK has had a chance to become the standard for anonymous transactions. Maybe the developers could let a select few third parties see the code before it becomes open source and verify it?

Here's the poll. These seem to be the three most popular responses, from what I've read. Before you ask, it only allows one vote each!

http://poll.pollcode.com/33531934

I liked it... Very democratic I did the 12th vote..

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

Quote from: JGCMiner on February 25, 2014, 07:45:43 PM

Eduffield, Any chance we can get this diff/reward stuff explained?

With all the forks it is hard to tell if the halving is being used and when it begins. Best thing to stop the potential spread of FUD is an official statement and explanation.

It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:

Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc

So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.

B2BigAl

member

Activity: 68

Merit: 10

Quote from: anonymousxx1503 on February 25, 2014, 06:53:09 PM

LISTEN UP

The coinmine pool at https://www2.coinmine.pl/drk/index.php has 80% of the total hashrate

80% of total hashrate!

We absolutely need to spread out the power to other pools, look at the list on www.darkcoin.io or all the new pools people are posting and change your miners. To the official pool at least which the devs control.

I don't want to spread FUD and accusations but there has been a lot of weird stuff happening these days. Part of it can be explained by the C-CEX.com hacks which put a ton of DRK on the market to be dumped on poloniex. But maybe, just maybe, the biggest pool is authoring double spends and sending fake DRK to be dumped. I'm very sorry to even bring this up if it's false and I mean no offense but it's something to consider. Someone may be draining DRK for all it's worth. Or someone (competitor?) may be intentionally investing in bringing down DRK as well but at least we can power through that.

If the coinmine pool owner reads this, please respond in any way possible, no offense was meant.

One thing is for sure, DRK is under attack by someone who wants to A) Destroy it and bring the price down while they bring out their competitor B) Lower the price insanely and then buy it all up, which makes no sense since they already have tons of coins.

Yeah, I'm not pointing fingers either, but someone is seriously manipulating this coin, and its getting real old real fast. I don't know how to get to the bottom of this, but it looks really bad when the price is all over the place like it has been. Having 80% of the hashrate in one pool is awful damn suspicious. I'll just leave it at that.

JGCMiner

hero member

Activity: 611

Merit: 500

Eduffield, Any chance we can get this diff/reward stuff explained?

With all the forks it is hard to tell if the halving is being used and when it begins. Best thing to stop the potential spread of FUD is an official statement and explanation.

kaene

hero member

Activity: 784

Merit: 1005

Quote from: matt608 on February 25, 2014, 05:42:35 PM

Quote from: anonymousxx1503 on February 25, 2014, 05:41:05 PM

Quote from: stealth923 on February 25, 2014, 05:32:59 PM

another big dump just happened on poloniex

down to 0.0005 ... what .. the .. fuck

Could be thief from c-cex dumping last of of the DRK they made of with?

Clearly a thief, otherwise why dump 40k in only one exchange instead of dump small amounts in every exchange and get more BTC?

mannie

full member

Activity: 168

Merit: 100

With so much talk about open/closed source, I've decided to make a poll on the issue. It probably won't solve the debate but I think it will be interesting.

Personally, I favour opening only after DRK has had a chance to become the standard for anonymous transactions. Maybe the developers could let a select few third parties see the code before it becomes open source and verify it?

Here's the poll. These seem to be the three most popular responses, from what I've read. Before you ask, it only allows one vote each!

http://poll.pollcode.com/33531934

bit0x

full member

Activity: 224

Merit: 100

Quote from: chaeplin on February 25, 2014, 07:35:26 PM

from 42coin
-----------------------------------------
   if(nHeight == 424242)
   {
   nSubsidy = 0.00042 * COIN;
   }
   if(nHeight >= 990382) // stops generation of more coins
   {
      nSubsidy = 0 * COIN;
   }
   return nSubsidy + nFees;

want this ?

After 990382 block reward will be 0 + transaction fees.

chaeplin

sr. member

Activity: 294

Merit: 250

Quote from: buryat on February 25, 2014, 07:25:54 PM

Quote from: AlexGR on February 25, 2014, 07:15:53 PM

Quote from: buryat on February 25, 2014, 07:02:20 PM

Quote from: JGCMiner on February 25, 2014, 06:42:54 PM

You do realize that there are about 80 million coins still to be mined, right? It will take awhile, but eventually things will even out.

It'll never reach 80 millions

Year	Blocks a year	Max reward per block	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	3.125	657000	8541000
3	210240	0.390625	82125	8623125
4	210240	0.024414063	5132.8125	8628257.813
5	210240	0.000762939	160.4003906	8628418.213
6	210240	1.19209E-05	2.506256104	8628420.719

Shouldn't it be 25, 12.5, 6.25, 3.125, 1.5625 etc? (/2, then /2, then /2... halving as I understand it means /2)

Yes, I made a mistake.
The corrected table:

Year	Blocks a year	Max reward	Coins a year	Total coins
0	210240	25	5256000	5256000
1	210240	12.5	2628000	7884000
2	210240	6.25	1314000	9198000
3	210240	3.125	657000	9855000
4	210240	1.5625	328500	10183500
5	210240	0.78125	164250	10347750
6	210240	0.390625	82125	10429875
7	210240	0.1953125	41062.5	10470937.5
8	210241	0.09765625	20531.34766	10491468.85
9	210242	0.048828125	10265.72266	10501734.57

Since halving is every year, total amount of coins is limited by 2x of what produced in first year, so it's definitely not 84 millions.

Code:

from 42coin
-----------------------------------------
    if(nHeight == 424242)
    {
       nSubsidy = 0.00042 * COIN;
	}
	if(nHeight >= 990382) // stops generation of more coins 
	{
		nSubsidy = 0 * COIN;	
	}
    return nSubsidy + nFees;

want this ?

anonymousxx1503

hero member

Activity: 532

Merit: 500

Quote from: buryat on February 25, 2014, 07:29:50 PM

Quote from: anonymousxx1503 on February 25, 2014, 07:26:25 PM

Quote from: buryat

https://github.com/evan82/darkcoin/tree/master/src
main.cpp line 1108

Oh god... just stop, you've lost all credibility

if(nHeight >= 17000 && dDiff > 75) { // GPU/ASIC difficulty calc
   // 2222222/(((x+2600)/9)^2)
   nSubsidy = (2222222.0 / (pow((dDiff+2600.0)/9.0,2.0)));
   if (nSubsidy > 25) nSubsidy = 25;
   if (nSubsidy < 5) nSubsidy = 5;
   } else { // CPU mining calc
   nSubsidy = (11111.0 / (pow((dDiff+51.0)/6.0,2.0)));
   if (nSubsidy > 500) nSubsidy = 500;
   if (nSubsidy < 25) nSubsidy = 25;
   }

See that little if subsidy < 5 nsubsidy =5 ? THAT MEANS THE MINIMUM IS 5 , Max is 25.

Now kindly leave. 5 x 24 blocks per hour x 24 hours x 365 days = 1 051 200 , which means even at lowest block reward we'll reach 84 million before bitcoin reaches 21 million.

You don't understand the code, I pointed at the exact line:

Quote

// Subsidy is cut in half every 210240 blocks, which will occur approximately every year
nSubsidy >>= (nHeight / 210240); // DarkCoin: 210k blocks in 1 year

You're right, I don't understand code and I probably made a mistake. I know that the minimum for the current reward is 5 even after reaching a maximum difficulty for the function. After that the halving puts it at 2.5 for the minimum then? Since that isn't indicated anywhere it seems.

But even after all that, why are you attacking this coin, the distribution is unfair to you? You should go mine and encourage something else then. What's the problem.

buryat

newbie

Activity: 28

Merit: 0

Quote from: anonymousxx1503 on February 25, 2014, 07:26:25 PM

Quote from: buryat

https://github.com/evan82/darkcoin/tree/master/src
main.cpp line 1108

Oh god... just stop, you've lost all credibility

if(nHeight >= 17000 && dDiff > 75) { // GPU/ASIC difficulty calc
   // 2222222/(((x+2600)/9)^2)
   nSubsidy = (2222222.0 / (pow((dDiff+2600.0)/9.0,2.0)));
   if (nSubsidy > 25) nSubsidy = 25;
   if (nSubsidy < 5) nSubsidy = 5;
   } else { // CPU mining calc
   nSubsidy = (11111.0 / (pow((dDiff+51.0)/6.0,2.0)));
   if (nSubsidy > 500) nSubsidy = 500;
   if (nSubsidy < 25) nSubsidy = 25;
   }

See that little if subsidy < 5 nsubsidy =5 ? THAT MEANS THE MINIMUM IS 5 , Max is 25.

Now kindly leave. 5 x 24 blocks per hour x 24 hours x 365 days = 1 051 200 , which means even at lowest block reward we'll reach 84 million before bitcoin reaches 21 million.

You don't understand the code, I pointed at the exact line:

Quote

// Subsidy is cut in half every 210240 blocks, which will occur approximately every year
nSubsidy >>= (nHeight / 210240); // DarkCoin: 210k blocks in 1 year

bit0x

full member

Activity: 224

Merit: 100

anonymousxx1503, do you can read all code!? and understand reward algo!?

this line decrase x2 reward any year.

Code:

    // Subsidy is cut in half every 210240 blocks, which will occur approximately every year
    nSubsidy >>= (nHeight / 210240); // DarkCoin: 210k blocks in 1 year

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

So much FUD, so much price manipulation. Someone is seriously threatened by darkcoin. Sounds like we're on the right track.

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6776. (Read 9723787 times)