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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6815. (Read 9724017 times)

sr. member
Activity: 420
Merit: 250
We're getting a p2pool in the US very soon and it's released for first betatesting tonight.

Please help testing!

http://p2pool.neocities.org/coin_drk.html


Issues and commenting, see contact info near the bottom of this page: http://p2pool.neocities.org/
newbie
Activity: 15
Merit: 0
legendary
Activity: 1708
Merit: 1049
Just don't panic sell guys or it will be hard to recover.

Yup, just some folks taking profits on early gains, wouldn't worry too much. Good time to get in if you're not already or would like to get more invested before the DarkSend release.

I think it may be related to panic selling @ poloniex specifically. I mean some people were cashing out at any price. That's why on c-cex there was no cheap DRKs.
newbie
Activity: 42
Merit: 0
Just don't panic sell guys or it will be hard to recover.

Yup, just some folks taking profits on early gains, wouldn't worry too much. Good time to get in if you're not already or would like to get more invested before the DarkSend release.
sr. member
Activity: 427
Merit: 250
Just don't panic sell guys or it will be hard to recover.
hero member
Activity: 854
Merit: 1000
Awful lot of selling going on right now Sad
legendary
Activity: 1708
Merit: 1049
I would be very happy with 98% accepted shares.  My reject rate mining darkcoin is currently 4 to 5% (95% accepted).  The only coin ever been better than that for me is litecoin.

Cpu mining or gpu?

GPU, but that shouldn't make any difference right?  Share rejection is about timing and network propagation delays, assuming your miner is working properly and all shares would have been valid had a new block not just been found somewhere else on the network.

It does make a difference. You are probably using too high an intensity on the miner which renders it less interactive. Thus it's wasting time on obsolete workload. Decrease your intensity and KH/s and get more money by actually submitting more relevant data.

The ultimate measure of success is not KH/s but rather how much A: difficulty per hour you have. The converted sgminer doesn't have A: but lower your hashrate until you hit <1% in rejects (unless you are losing insane amounts of kh/s).

I know you think that "but if I have 5% more hashrate then I won't care about the 5% rejects" but you are not only wasting processing time on those shares that were actually rejected, but also to those works which never solved the share and never sent it. When a change of block occurs you need the GPU to be interactive (lower intensity) in order to get instructions to change its workload to something else. If its taking like 3 seconds for the GPU to take the signal, you've wasted these 3 seconds processing outdated crap - whether you solve something and submit it as outdated share, or not solve it and move on to the next.

The high intensity & rejection problem is higher if you go to coins with block issuing in 1m or 30secs and less severe in coins like Lite or Dark with 2.5m.


Never assume you know more than whom you are talking to Smiley  Okay, yes CPU vs GPU makes a difference if you don't know how to tune a GPU.  My reject rates are due to my location, probably should have added that.

Yeah I don't like to presume things but I'm doing arguing-counterarguing myself for saving time on discussion.... Cool

Personally I really, really, really doubt it has to do with location. It affects for sure, but only if your connection is lagging in terms of seconds. Otherwise, even if you are connected from the most remote part of the planet you'll still have 300-400ms ping times which is not enough to raise stales to 5%. I have 0.2s ping times and I'm like at 0.5% reject rate. When I emulate further delay by increasing bandwidth load in my adsl line, I don't get significantly more. So latency is clearly a lesser issue.

Run a cpuminer for a test and check its stales. If it's the same percentage after a day, you are right. If not, there's something wrong with GPU settings.
member
Activity: 75
Merit: 10
Price is staying steady. It might appear like it has gone down slightly on Poloniex but it hasn't. Bitcoins value went up.

So often I wish there was a source of alt coin charts that show the value in something more stable and meaningful than bitcoin, like USD or oil or gold.  I know they are traded for bitcoin mostly but I constantly have to mentally compensate for what bitcoin itself is doing.
hero member
Activity: 588
Merit: 500
Will Bitcoin Rise Again to $60,000?
Ok guys, pool.darkcoin.io locked my account for no reason. I tried to contact them twice via email but no response.

I dont care about account, but i have ~25 darkcoins there. That's 2 week mining for me!

So i need advice, how to contact, who is responsible?

Thanks.

That's my pool, shoot me a PM with your user info and I'll unlock it.

Just out of curiosity, how much darkcoins do you make /day running one of the big pools?

I've tried to get my linux friend to start mining pools with me but he insists that it's not worth it.

I'm pretty sure it is if you are there early and for the right coin.
legendary
Activity: 1176
Merit: 1036
Dash Developer
Ok guys, pool.darkcoin.io locked my account for no reason. I tried to contact them twice via email but no response.

I dont care about account, but i have ~25 darkcoins there. That's 2 week mining for me!

So i need advice, how to contact, who is responsible?

Thanks.

That's my pool, shoot me a PM with your user info and I'll unlock it.
member
Activity: 75
Merit: 10
I would be very happy with 98% accepted shares.  My reject rate mining darkcoin is currently 4 to 5% (95% accepted).  The only coin ever been better than that for me is litecoin.

Cpu mining or gpu?

GPU, but that shouldn't make any difference right?  Share rejection is about timing and network propagation delays, assuming your miner is working properly and all shares would have been valid had a new block not just been found somewhere else on the network.

It does make a difference. You are probably using too high an intensity on the miner which renders it less interactive. Thus it's wasting time on obsolete workload. Decrease your intensity and KH/s and get more money by actually submitting more relevant data.

The ultimate measure of success is not KH/s but rather how much A: difficulty per hour you have. The converted sgminer doesn't have A: but lower your hashrate until you hit <1% in rejects (unless you are losing insane amounts of kh/s).

I know you think that "but if I have 5% more hashrate then I won't care about the 5% rejects" but you are not only wasting processing time on those shares that were actually rejected, but also to those works which never solved the share and never sent it. When a change of block occurs you need the GPU to be interactive (lower intensity) in order to get instructions to change its workload to something else. If its taking like 3 seconds for the GPU to take the signal, you've wasted these 3 seconds processing outdated crap - whether you solve something and submit it as outdated share, or not solve it and move on to the next.

The high intensity & rejection problem is higher if you go to coins with block issuing in 1m or 30secs and less severe in coins like Lite or Dark with 2.5m.


Never assume you know more than whom you are talking to Smiley  Okay, yes CPU vs GPU makes a difference if you don't know how to tune a GPU.  My reject rates are due to my location, probably should have added that.
member
Activity: 112
Merit: 10
Just a quick word for the people worried of the reduced block reward: I have a 1.7 Mh/s scrypt mining rig. Mining DRK I get 6.5 Mh/s which will give me around 12 DRK, worth around 0.022 BTC. That's not bad at all! (I don't mine DRK to make BTC though. If I were, I would join the mindless drones at middlecoin.)

My point is: it's still very profitable to mine one of the most promising altcoins for a long time. Price will increase!

The only thing new followers has to worry about is that the darkcoin hard core fans will dump on them. And from what I've learned, that is VERY rare. Even though the coin is completely dead, most of them will hold most of their coins (stablecoin is a recent example). What you should be worried about is multipools, and as mentioned earlier darkcoin is 'multipool resistant' for now.

Cheer up and mine away  Cheesy
legendary
Activity: 1358
Merit: 1002
Ok guys, pool.darkcoin.io locked my account for no reason. I tried to contact them twice via email but no response.

I dont care about account, but i have ~25 darkcoins there. That's 2 week mining for me!

So i need advice, how to contact, who is responsible?

Thanks.

give them time to respond is the first thing you need to do, the pool owner, is also the coin dev... so breathe easy :-)
full member
Activity: 220
Merit: 100
Ok guys, pool.darkcoin.io locked my account for no reason. I tried to contact them twice via email but no response.

I dont care about account, but i have ~25 darkcoins there. That's 2 week mining for me!

So i need advice, how to contact, who is responsible?

Thanks.
hero member
Activity: 658
Merit: 534
Price is staying steady. It might appear like it has gone down slightly on Poloniex but it hasn't. Bitcoins value went up.
hero member
Activity: 854
Merit: 1000
I meant transactions like 10.25636012 what happens to the .00636012 if you're only going down to two decimal places, and won't that make the .00636012 easy to track?
With that implementation there must be rounding to the lowest denomination, so the payment would be 10.25 or 10.256. I think the smallest denomination should be about a penny in value, so if the price rises we could add lower denominations.
If Darkcoin appreciates like we all hope it will, I'm guessing you will wish you went out a couple more decimal places early on.
hero member
Activity: 560
Merit: 500
So what's the rationale for this block reward system? (11111 / (((Difficulty+51)/6) ^ 2))

As I understand it, the TOTAL distribution per unit time will come crashing down as network hashrate goes up. Not to mention each miner is getting a tinier slice. That's rather discouraging.

Apart from Darksend, I think this is the best feature of the coin. All other altcoins become diluted if they doesn't become a instant success like Dogecoin.

So the early adopter edge becomes even more overwhelming? Nice way to kill a coin. An exchange medium is only worth something if others agree and also have a stake. We'll just end up a small group of hoarders waiting around for something to happen. Reminds me of QRK.

That is overstating things. Reading through the thread, it is abundantly clear that the devs and other early adopters believe in the coin and are not planning a massive dump.  

IMO this is a feature -- not a problem or a scam.  Basically, it allows for the devs to have a more fine control over how the coin is released into the market; and thus prevents a “mid-life” dump via multipools and whale miners that troubles many a coin once the price starts to rise.  As mentioned above, if a coin is super-popular from the beginning like Doge then there is no problem as it gets distributed to a wide range of miners.  Even if whales or whatnot show up later there is a big enough dedicated mining community that in effect prevents these entities from negatively effecting the market.  

On the other hand, coins that don't blow up from the beginning and slowly rise in price due to the efforts of the early adopters, inevitably get attacked by these whales/mutlipools -- and the diff increase alone never seems to be enough to prevent a ton of coins of entering the hands of the few.  When these coins get dumped... the market crashes.  The way Darkcoin is currently set up this cannot happen.  And yes, even though Darkcoin is multipool resistant – it is still vulnerable to whales (it was actually getting hammered before the diff /reward system was enhanced by KGW).

Now, I know it may seem unfair to latecomer miners and some trolls even went as far as trying to discourage people by calling this a instamine. But the thing is... the vast majority of coins have a high percentage owned by early adopters.  That is the reward they get for believing in the coin before anybody else.  Due to the diff/reward system Darkcoin might be a little more extreme, but as I just explained that system has a very important purpose.

Lastly, it is not like the devs are not willing to respond.  Take a look at the diff/reward chart below.  

The blue line is actually a hardfork that was put in place a couple of weeks ago to be ready for GPU miners (GPU client first released last week) so that reward wouldn't drop to zero once the hash power went through the roof.  

Tldr; This is a fair coin. The diff/reward is a feature that allows more fine control over how much coin is released into the market and thus prevents manipulation by whales who plan to dump.




Ah, okay, I didn't realize we were on a new equation because the first post hasn't been edited to reflect the change. I joined after GPU mining happened and the +51 in the denominator looked absurd and short-sighted to me considering diff is already over 200.
legendary
Activity: 1708
Merit: 1049
I would be very happy with 98% accepted shares.  My reject rate mining darkcoin is currently 4 to 5% (95% accepted).  The only coin ever been better than that for me is litecoin.

Cpu mining or gpu?

GPU, but that shouldn't make any difference right?  Share rejection is about timing and network propagation delays, assuming your miner is working properly and all shares would have been valid had a new block not just been found somewhere else on the network.

It does make a difference. You are probably using too high an intensity on the miner which renders it less interactive. Thus it's wasting time on obsolete workload. Decrease your intensity and KH/s and get more money by actually submitting more relevant data.

The ultimate measure of success is not KH/s but rather how much A: difficulty per hour you have. The converted sgminer doesn't have A: but lower your hashrate until you hit <1% in rejects (unless you are losing insane amounts of kh/s).

I know you think that "but if I have 5% more hashrate then I won't care about the 5% rejects" but you are not only wasting processing time on those shares that were actually rejected, but also to those works which never solved the share and never sent it. When a change of block occurs you need the GPU to be interactive (lower intensity) in order to get instructions to change its workload to something else. If its taking like 3 seconds for the GPU to take the signal, you've wasted these 3 seconds processing outdated crap - whether you solve something and submit it as outdated share, or not solve it and move on to the next.

The high intensity & rejection problem is higher if you go to coins with block issuing in 1m or 30secs and less severe in coins like Lite or Dark with 2.5m.
legendary
Activity: 1176
Merit: 1036
Dash Developer
  • Block reward is controlled by moore's law: (11111 / (((Difficulty+51)/6) ^ 2))
Please help me to understand.
http://explorer.darkcoin.io/block/00000000000295e2ecbbeb3b69f1ff9aaf24d2aebaefd534cfd22857e668d0a1
Block 22067:
Difficulty: 57527.019
Generation: 22 + 0.004 total fees
11111 / (((Difficulty+51)/6) ^ 2  =
11111 / (((57527.019+51)/6) ^ 2 =
= 1.207 * 10 ^ -4
!= 22
So I understand the block reward formula in the wrong way. Please explain.
Also, as 22 is a whole number, there needs to be an INT() or round(__,0) somewhere
thanks :-)

The GPU formula is a bit different, we switched to it when they became available via blockchain folk. It's 2222222/(((x+2600)/9)^2)  and it's modeled to better represent the variance of difficulty that they bring to our mining pools. i.e, under CPUs a move from 1 to 10 difficulty was large, but under GPUs a move from 100 to 110 is nothing.

Thanks for the explanations. Very interesting approach to couple block reward and difficulty directly.


Yes, now I could calculate it. It's 22.3382606 though, not 22.

Where is the INT() ?


The formula got changed - please correct posting #1 of this thread.

And the block explorer is telling nonsense - Difficulty: 57527.019


The variable is an INT it's calculated in. I'll look into the diff later, thanks.
member
Activity: 75
Merit: 10
I would be very happy with 98% accepted shares.  My reject rate mining darkcoin is currently 4 to 5% (95% accepted).  The only coin ever been better than that for me is litecoin.

Cpu mining or gpu?

GPU, but that shouldn't make any difference right?  Share rejection is about timing and network propagation delays, assuming your miner is working properly and all shares would have been valid had a new block not just been found somewhere else on the network.
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