Hey guys,
I see a lot of threads here about where to invest BTC or how to make BTC. I also get a lot of questions, especially from new crypto issuers, where to invest BTC long term, what is safe and what brings money.
So, here is something I have been using for the last 2.5 years and it has brought me nothing but profits – DMD Diamond Proof of Stake system.
Before I share this with you, let me say I am a long term DMD holder and I would never share something with people without testing it first with my own money. There are no referral links here, I do want to see DMD Diamond community grow but only because this is very nice coin and even better related services. I do not personally get any fee if u decide to join or not, DMD Diamond represents favorite part of my personal portfolio and I simply would like to share info about it, especially with new crypto users who might be less familiar with PoS.
How does DMD Diamond Proof of stake system work?
For those of you who might be unfamiliar with PoS, the easiest way to present it is as a form of mining which does not require ASIC, graphic cards of any significant hardware investment. All you need to do is to buy coins, place them in your wallet, let them mature for 9 days and these coins will stake and generate new coins. The current PoS rate is 25%, which means you will get 25% interest for your staking coins. In other words, once you acquire DMD, it becomes interest bearing asset with significant returns. You can find more info on DMD Diamond home page.
There are several ways to make money with DMD Diamond and I have personally tested each and every one of them.
Simply buy DMD Diamond, put them in your wallet and let them stake at current rate. All you need to do is to unlock your wallet for staking and you will start receiving new coins. This process resembles classic PoW mining, just without excessive heat, noise or electricity bill which generate classic GPU rigs or ASIC machines. All in all Proof-of-stake is much more advanced form of “mining”, that is why Etherum is going to switch to PoS sometime in the future. The main DMD Diamond exchange is Bittrex, here is Bittrex link.
DMD masternode system. This is a new DMD Diamond investment option which will become available in the next two months. It requires 10k DMD and a static IP address to be able to get masternode receipts. Once you setup your masternode, you should be getting 10 DMD per masternode per day on average. This system will distribute around 1000 per day between all active masternodes. During the first year or so, DMD team expects to have around 100 masternodes, so this would result in 10 DMD per masternode per day on average. Make sure to understand this is a rough estimate since the system will be active in July/August 2017 when more precise info will be available. Even more interesting option is to set up your masternode and to send receipts from that node to your DMD Diamond staking wallet. This way you get paid from your masternodes and your receipts continue staking and generating even more DMD. All in all, this is again very advanced staking system which is used by several large coins, Dash, for example. It is also significantly more advanced compared to classic mining.
Invest into DMD cloudmining. Differently from lots of other cloud mining services we have seen available in crypto economy, DMD cloudmining is a much more superior investment vehicle which grants you regular, hassle free, flowing stream of Diamonds. The system is designed in such way where people who have not reached ROI receive increased DMD Diamond payouts in order to recoup their funds as soon as possible. Once you reach ROI, you will keep receiving DMD payouts at a standard rate. In other words, it is designed to make sure you ROI as fast as possible and then keep earning from your DMD Diamonds as well as your cloudmining shares. This is NOT a get rich quick option, it is a long term investment but it is a one which I have extensively used and I was quite happy with regular payments.
DMD Diamond multipool system. If you do have unused rig or a GPU, you can set up your Nicehash miner to mine whatever currency you select, connecting it to DMD Diamond multipool and get paid DMD Diamond to your address. It is very easy to set it up and it is another hassle free mining system which will bring you more Diamonds to stake or use into masternodes. However, if you are a more experienced miner, you can use more advanced mining options if you prefer. The accent here again is on simplicity, DMD Diamond multipool is a set it and forget it option, once you set it up, it can operate hands free for as long as you want. Also, make sure to understand by using DMD Diamond multipool, you again have opportunity to earn from two revenue streams, you get DMD Diamonds from mining via Nicehash and after u get you coins you can send them to your wallet to stake and generate additional income. For more info, you can visit DMD Diamond multipool page.
DMD scarcity. The number of DMD Diamonds is limited to 4.38 million and this crypto is very, very scarce. Scarcity combined with all these different way to make money push the price up and limit availability of new coins. I strongly believe this will continue in the future, this coin can go quite high.
Finally, DMD Diamond team s extremely hard working and honest group of people. During almost 4 years of DMD development, there has not been a single scam or major crisis. The community is also quite vibrant, we help each other and I invite you to join us whether you decide to acquire some DMD or not. You can find us via DMD Diamond Bitcointalk thread. Another recommended option is to join DMD Diamond slack channel.
Let me know if I can help out in any way. As always, stay safe, protect your portfolio and always differentiate your investments!
Cheers!
DMD Diamond is preparing to get upgraded to version 3.0.
Here is our updated whitepaper in case you might have some questions.
https://bit.diamonds/DMD_WP_1.0.pdf
DMD Diamond just surpassed $8 today. There is still time for people to get in cause it seems long term the price is just going up!
Great article!
Thx a lot. Let me know if you need more info or help.
Downloaded the wallet and it crashed on attempt to open. This is the case with a lot of these minor coins and they FAIL to get my approval when they can't even make a decent home for the coins.
Mac OS 10.9.5
For 3 years I had no problems with my wallet.
Try to solve the issue with the development team in the official thread on bitcointalk.org
I'm in this coin too, by 1 year and six months, and didn't have any issue, price is stable, in the last month, a good rise, probably because on July the start of the masternodes, are demanding coins to reach the 10,000 coins needed. Satisfied by the return, inflation is not so big to crash prices, 25% will be there only for this year and the next, then it will be reduced to 5%.
Inflation is not a problem, the coin is already very scarce. There have been calls on Bitcointalk thread by the dev team asking community to sell some coins in order to increase supply. Imagine that. Is there any other coin where the development team actually ask community to sell???? Nobody wants to sell DMD.
Hey guys! Earn POS Mining rewards while trading at btcpop.co!
The value has to come from somewhere.
You can't just make Shitcoin X and then give 25% more shitcoin X for each shitcoin X you have.
Sure, you'll have 25% more shitcoin X, but as long as no one else wants shitcoin X, your 25% extra won't matter.
The 25% PoS will only inflate the coin further.
Pls dont call it shitcoin, it has been around for 4 years and it is one of the best parts of my personal portfolio. Shitcoins re pump and dump coins which get inflated and abandoned after dump. DMD Diamond will be 2 years old in a month and it is here to stay. How many other coins you know which have been around for that long WITHOUT a single scam, WITHOUT a single major issue, WITHOUT any problems, just stable PoS, which could be considered as a form of mining and profits. I respect your opinion but I ask you please to comment stuff in a bit more polite way. People buy and it hold cause it s obviously profitable, please take a look at the price chart, compared to a year ago, current price increased 10x. This is not a pump and dump coins, the price keeps going up due to several interesting supporting services which I have described, due to great community, due to hard working development team, due to scarcity of the coin and due to masternode system which will be introduced very soon. Thx for your comment.
I recommend reading the official Diamond theme to understand that this coin is one of the best "old" coins on the market.
I also recommend asking the questions of interest to the best development team that I know.
Almost always give competent answers and responsibly relate to the case.
I learned about Diamond (DMD) 3 years ago, when the coin was cheap and during that time my capital increased significantly.
This is an investment coin, not a shit coin.
This coin like bitcoin, but better, because the coin brings interest every day, month and you can spend it on your need. And with the sale of interest, your fixed capital does not decrease, unlike bitcoin. And all you need is to launch your wallet and receive interest and you do not need to risk trading on exchanges with other coins.
Definitely Diamond is a coin that I would recommend to friends and acquaintances.
PS: and I do not care if someone does not believe in this coin after my words, for I see that my capital has increased significantly and this is reality. My call is an opportunity for people to figure out what coin to choose for medium and long-term investments. Think, decide, increase your capital! :)
There is another nice option to win 10k DMD masternode, by winning DMD lottery.
More details on this link:
https://bitcointalk.org/index.php?topic=580725.msg19457836#msg19457836
I'm curious about the staking. Do you have to do anything or do the coins that have been in your wallet for 9 days or longer just start staking automatically?
I'm asking because I started mining DMD the other day and I have some coins sitting in my wallet waiting to mature. Want to make sure that I'm not missing some magical step.
9 days is minimum staking age, this means your coins wont stake unless they sit in your wallet for 9 days. After that it depends on how many coins do you have and what is the network difficulty. Do not worry, your stake will may not happen exactly on the 9th day, it can be a day or two after but the wallet takes into account the age of your coins so you will not lose anything if your wallet stakes a bit later since your reward will reflect the age of your coins and you ll get more. Hope this helps!
Well, as I have been telling you people, DMD price skyrocketing again, highest market cap so far. This is just the beginning.
I might be late to the party but EMBERcoin (EMB) gives out 720% annually. I have had it for almost a month and have accrued atleast 10x on my original investment because the total staking weight was only at 25% of the total supply... so we were seeing daily rewards at 10-20% of our current total coins! People are starting to find out about it now but give it a look.
There are active devs updating the wallet and I think they want to add masternodes (which I don't agree with). They are active in the discord chat. I would start out with atleast 5 million coins to have a good weight.
Note: There is an issue with the peers data file but the discord chat has the fix listed out (hence some of the upcoming wallet updates). Very easy.
Site: Embercoin.io
Discord: https://discord.gg/xHvUbp
Buy: https://www.cryptopia.co.nz/Exchange/?market=EMB_BTC
I invested in 2 MN 1 month ago when the prices were at 11800-15900 satoshis. It seems like ages ago now that the DMD price has crossed the 20000 satoshi barrier...
A new article explaining DMD Diamond in details:
https://themerkle.com/why-should-you-own-crypto-diamonds/
Just came across this post. Thanks.
I only have 26DMD, been staking for a week, have not had any staking rewards but I really like the scarcity of the coin....... Should I invest a little more???
Well, with only 26 DMD, it s going to take a lot of time until you get your rewards. ATM, staking reward is 0.82 DMD so once you stake, you ll get 4% return immediately, having in mind the amount of coins you own. This means with 26 DMD, you ll stake 4-5 times a year, max. With more coins, you ll get more chance to stake. I suggest you visit our home page and request Slack invite. There we can clarify whatever question you might have. Cheers!
Thanks cryptojedi. Hardly seems worth it. I guess I need to make a much bigger investment than my 26 DMD.
Unfortunately, yes. The average proof of stake pile size is about 150-200 DMD ATM.
Thanks for replying.
Had a few mining payouts. Very good, nearly 1dmd and 2dmd. And only have 28 in there, so will keep holding. Was planning on selling, but now just going to hold.
Please read your ToS of DMD cloud. If you immediately sell everything you get, you re breaking ToS and you account may get limited. That service is created as DMD support vehicle, you should sell what you stake not what you get from the cloud. Otherwise you d be paid in DMD.
Thanks on this
Well, I ve been telling you guys to buy DMD Diamond. Guess what, the price went over $37 today. Hope some of you listened to me!
This is great news I need to do this! DMD after 9 days!!! Any suggestions on others to MN
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