Topic: [*] 8BIT [Dark Masternodes][Anon][Roadmap Stage 4] - page 168. (Read 379550 times)

So when do we vote?

There's online backup of previous explorer. Use yandex.ru to get it. Backup was done moth ago, on Jun, 7, this is what it says:
Sum: 37.47 %
Also, that day TOP100 wallets were keeping 76.28% coin supply.

One month later, today, TOP10 is 26.3% and TOP100 is 59.1%. So distribution greatly improved.

Thanks 8-bit-party for the graphics, it let us see how is the coin distributed.
It is not bad at all, i have seen worst distributed coins.

yep that worked. Thanks

If you want to check balance only use just-set-up service:
http://www.8-bit.party/BALANCE-YOURADDRESS
eg
http://www.8-bit.party/BALANCE-8Ldv4zhpR1tPa5B4mL2QqXeXPtt5PmUdWf

It should display balance without limitations. Let me know if it works as expected.

So I increased limit of transactions to display... anyway staking addresses generate thousands of not so important transactions to display so they will reach this limit too... sooner or later. But at this moment - enjoy.

sent. ok all but one will display. im on 2.0 wallet maybe thats it. Just wanted to see how many. Not all coins are mine. im running a wallet for a friend. He only knows how to trade. He will set up a wallet soon. He was just new to crypto.

Send me your address or TXID, I will check it.

http://www.8-bit.party/#distribution

First of all, distribution is analyzed using
- total supply (blockchain scan) - obvious
- richlist (blockchain scan) - TOP100 - splitted to 1-10, 11-50, 51-100 parts each showing sum of balances of described addresses
- unspent 112 8BIT inputs (blockchain scan) - MASTERNODE READY - sum of balances (not just 112 inputs) of addresses which have unspent 112 8BIT input
- Bittrex Distribution (API) - BITTREX TOP50 - sum of balances of TOP 50 accounts
- Bittrex Orderbook (API) - BITTREX ASKs - sum of ASKs (first 50 orders)
- Cryptsy Orderbook (API) - CRYPTSY ASKs - sum of ASKs
- masternode list (RPC call) - disabled since unspents are more reliable here

Amounts shown by BITTREX TOP50 and BITTREX ASKs are shared. At this moment half of coins stored on Bittrex is available on first 50 ASK orders. So BITTREX TOP50 is better factor to find out how many coins are kept on Bittrex.

Fortunately market on C-CEX is gone so we do not have to care about it anymore.

Sharp eye for detail will discover that funds kept on masternode-capable address are 57952 8BITs. And our current masternode count peak is 307 (see http://www.8-bit.party/#masternodes for details). 307 * 112 = 34384. What about those 23568? Yeah, that's true. Seems like many addresses are either not deployed on masternode or inputs are not protected against staking what can break masternode start tx. Finally, seems like many MN operators are not in hurry with collecting earnings from their nodes.

End of theory, here we go with my analysis:

• BLOCKCHAIN TOP100 vs TOTAL SUPPLY
  
  
  This is how splitted TOP100 looks compared to total coin supply. Only 26% of coins is held by TOP10 addresses. Comparing to other popular coins - this is very nice result.
  
  
• CRYPTSY ASKs vs BITTREX TOP50 vs MASTERNODE READY vs TOTAL SUPPLY
  
  
  Here were see where coins are stored. So, at least 27% coins sits on exchanges. Anoter 28% sits on masternodes or wait to be deployed on masternode. Remaining less than 46% is elsewhere. Enough to stake well.
  
  
• CRYPTSY ASKs vs BITTREX ASKs vs MASTERNODE READY vs TOTAL SUPPLY
  
  
  Same as above but with bittrex orderbook taken instead of bittrex distribution list. At this moment this factor is worse, but it may change in future so I decided to keep both comparisions.
  
  

My slightly poor english has been already pointed here, honestly I completely do not understand your sentence.

So what has been done and what will be done when?

Maybe a start is opening a new topic?

Independence Day in the US . People will start coming back....Slow weekend for crypto.

I guess we should start tommorow (Monday) @ 6PM UTC. Since there were no abuse in proposals thread we I will create simple poll here on BCT. By looking at proposals, result seems pretty predictable at this moment  but let's follow prepared path and vote.

Fred Flintstone wasn't the intended symbolism - but we'll take it
(C.L.A.M. stands for Caritas, Libertas, Aequitas, Monetas)

The last figure I have read concerning staking CLAM is 0.2% per day; cumulative of course.
The same figures suggested 500 CLAM should stake roughly daily, given variability.

However, it should be noted that CLAM is PoWS - a bit different than conventional interest-based PoS.

Ok, when do we vote?

Higher MN entry cost will encourage to keep staking wallet much better than now. At this moment, with so cheap masternodes staking makes no sense.
With much more expensive MNs  situation will change.
One who has 4 masternodes ATM will either has to double his balance (by buying coins) or just switch to staking - with smaller, stable profits but without extra investment. Win - win


I think when I prove I know what am I doing here we will have to increase MN cost again.
However, at this moment we need more and more masternodes to create reliable network so unfortunately price cannot be too high.

Some basic calculations on 8bit mining profits.
8bit generates 1 block every 64 seconds = 1350 blocks a day.
There are 200000 coins to the moment.

Given we have 1% of all coins (2000 coins) staking gives us 1% of all blocks = 13 blocks a day.
Reward per block = 0,32 so we stake 4 coins per day or 1460 coins per year or 73% ROI per year.

Pretty high level of inflation but it will be better over time.

Now let's calculate MN.

All masternodes take a reward of 0,8 per block so we have 1080 coins per day for all MNs.
If MN requires 2000 coins to start (as in the example above) we can calculate that balance will be reached with 270 MNs - each will generate 4 coins a day. It will be as profitable as staking.
Current amount of coins to start a MN = 112. Having 300 MNs we can calculate that each MN generates 1080/300 = 3,6 coins per day = 1314 coins per year. It is 1173% ROI per year. Balance will be reached at 4600 MNs.
We want to fork with 888 price for MN. Balance will be reached at 600 MNs. Let's suppose we will have 100 MNs after fork = 11 coins per day = 4000 coins per year. ROI will be 450% per year.

All those numbers looks quite scary. But they are not so bad. Buying VPS for multiple MasterNodes is hardly profitable. Big numbers will attract more nodes and profits will drop fast.
I see two problems:
1. There are not enough coins to balance MNs with staking nodes. Well they will be more profitable for longer
2. Small amount of staking nodes will lead to lower security of the network.

Paid masternode services are one of most important goals on my roadmap.

There will be at least three ways how masternode will earn coins.

First, block rewards. With growing number of other payments this gonna be reduced. However, I wanna pay for readiness. Resources are not free.

Second, direct payments. Users will pay masternodes directly for certain service they complete. Masternode can be selected either manually or automatically (CDN model / closest location vs declared resources vs users ratings).

Third, (temporary name) core payments. Anytime so-called event will be triggered, network will pick (no voodoo nor preferred set - just MATH - algo similiar to darksend / block rewards) defined number of masternodes which will serve given event.