Hi!
Sorry if I am being stupid but can we not mine this coin any more? I can't find pools.
I must buy or use a masternode?
How muc hresources does using a masternode use? How are people able to do shared nodes?? I can understand when the node it very expensive but they about $40 so if you have 100 people and need 10 nodes how do you run them all? I am thinking of running at least one node.
Hi, your doubts are more than legitimate, I don't see anything stupid
In fact it seems strange that we can no longer do mining but in fact it is!
From March 14, 2019 (more than 5 months ago) 3DCoin has activated a
"first industry" consensus protocol "full masternodes only" called "Proof of Sync", so from March 14 on 3DC blockchain only and exclusively masternodes can create blocks and then receive rewards.
So the miners are no longer present in 3DCoin blockchain.No traditional mining (pow), no classic staking (pos) but only masternodes! (Proof of Sync) More info about
"Proof of Sync" masternodes only consensus here:
https://telegra.ph/3DCoin-Proof-of-Sync---Quick-explanation-and-references-04-16Therefore, no traditional mining, no classic staking, all the work is done exclusively by the masternodes, which grow visibly, in the last days in particular the growth has been incredible with already about 5800 masternodes enabled, a great result in a very short time, you can see the masternodes statistics to the following links:
https://masternodes.online/currencies/3DC/https://masternodes.pro/stats/3dc/statisticshttps://coins.masternode.buzz/3DCAs for the hardware resources required to manage a masternode in this phase, a normal VPS with full virtualization (ie "KVM" or "VMWare" type) with 15 or 20 gigabytes of disk space is sufficient (our blockchain has just over a year of life from genesis block so it occupies about 600 megabytes of space, therefore ...), an adequate vCPU (it is sufficient to choose a good VPS provider to have it and not even ask yourself the problem of the onboard cpu model), at least 1 gigabyte of ram (better 2) and in short, all that a basic VPS model of a good provider offers is sufficient at this stage (with monthly prices starting at not less than 3 euros and arriving just about 5 euros in general).
Alternatively, most of the "managed masternodes hosting services" and "masternodes sharing services" are becoming interested in 3DCoin, for obvious reasons, given that it is one of the most promising and innovative projects with masternodes.
Managed hosting or sharing, some services also offer sharing, but actually as you said you saw the very affordable cost of the collateral is affordable for many to have at least a 3DCoin masternode so if you do not want to manage a VPS by yourself you should go more to a hosting managed than a sharing service (shared masternode), some services that have 3DC listing offer both options, others offer only one, evaluate yourself, based on your needs...
I remind you that as announced several times to maintain the right to keep your masternode active even after block 800k with only 1k 3DC of collateral you need to meet some requirements explained in the last dev update of August, further details at the following link:
https://3dctalk.net/topic/1228/reminder-for-masternodes-operators-reached-block-700k-now-we-are-in-the-range-of-blocks-in-which-to-mature-the-requisites-to-keep-your-masternodes-active-with-the-current-collateral-of-1k-3dc-even-after-block-800kAfter the 800k block (scheduled for end of October / beginning of November) the collateral will be 25k 3DC but the collaterals will still be "temporary", ie they will only serve as "antispam" to activate the nodes, because 3DCoin is a project that aims to show its value not for the coins blocked but for what the team is developing (smart scripts and Virtual Reality, for example) then in 3DCoin the masternodes with the introduction of the innovative concept of
"temporary collateral" will be remunerated for their work done in favor of the network (as in mining ) and not for the blocked collateral. 3DCoin wants to be a living and circulating currency so it does not aim to have the coins blocked in the stakes but aims to have many nodes that work for the network and that are rewarded for their work not for their coins locked.
After all, our great 3DCommunity is demonstrating its great passion for the project as the holders are holding most of 3DCoins without even implementing nodes (remember that most of the supply is circulating, most of it sold in ICO and simply held by the holders, masternodes are a more niche phenomenon for tech enthusiasts, our community is much bigger than the only masternodes operators) and of course without selling!
For any questions or additional information, don't hesitate to ask for more information in the contact channel of your choice:
This forum thread
or
official forum:
https://3dctalk.net/or
official Telegram group:
https://t.me/Project_Districtsor
official Discord server:
https://discord.gg/4CSmbSKAnd thanks for your questions