Topic: [ANN] MonetaryUnit [MUE] - POS. MasterNodes. Funding. Governance. Services. Devs - page 124. (Read 450689 times)

It's hard to express the excitement which I feel about MUE:GS we still have a lot to do to make it all works, but as I was always saying MUE:GS will be a revolution for the Gamers around the crypto world.

Without Bizzyb MUE:GS project would not exist! Thanks man! MUE community will never forget your name!

Great! I'm glad to see your commitment with the project, and hope that it would become a great success once the migration starts. I've been waiting for this to come, in which will make MUE shine among other alt coins.

Speaking of which, I think that these few days will be the last in which MUE's price will stay cheap. I speculate that MUE's price will increase x2 once it migrates towards the new mining algo and masternodes feature. 

Exciting news regarding our gaming platform is imminent

https://bitcointalksearch.org/topic/official-ann-muegs-monetary-unit-game-station-gamers-gonna-1614765

Slight delay on public beta testing.
Our team encountered some issues with some libraries and openssl which caused errors of various compiles under different environments.
This should be resolved in the next day or two.
Thanks for your patience.

No problem. I appreciate the open mindedness. That's a very positive attitude to have compared to all the name calling, hostility, biased and opinionated posts that we're all far too used to around here.

Your opinion and others ones are always welcome and this is the only thing that can keep this project moving forward
Thank you for joining MUE 

I am not in favor of changing the block reward, I think it's ok even if the payouts are lower than other currencies. I do however like to hear other people's opinions as they are the ideas that, as a group, push us forward.

I think it would be more cautious to make sure the transition to X11 goes without a hiccup. As we will be on two separate chains during the transition, quark and X11, I see a potential risk in changing block rewards for one chain. If the MUE community sees the block rewards as a problem, then later on down the line make a proposal to the masternode holders and they can call a vote. I do not know what percentage of the stake holders is required to make such a fundamental change to the protocol, but that would be an excellent use of the voting system to come to a consensus.  

It's all good man, we're all on this journey together, doesn't mean we have to like each other and our opinions every single step of the way (just most of them though )
I'm all for positive constructive discussion, crypto needs more of it.

Thanks! Some people in the slack channel don't seem to feel the same way, lol. All I did was state why I think the rewards are low, and I gave an explanation to back up my opinion when 110110101 asked me to.

Either way, I look forward to staking my MN's!


And yeah going from 90 sats to 900 is very doable considering the market cap is currently only $55k. Glad I found this one early

Liking the research!

Lets look at Dash then.
1000 Dash = $11.60 / Dash * 1000 = $11.600

1665 / 11600 = 0.1435 so roughly 1/7 of a Dash masternode.

Payouts for Dash masternodes are about 1.9 Dash every 7 days, or 0.27 Dash/day which is about:  $3.14 / day.

If I see what you are saying Haunebu81 is that the collateral for MUE should preferably be much higher as this prevents people for obtaining larger portions of the available masternodes?
Of course by having a higher requirement, the fewer the amount of masternodes (weaker network) but more profit to those who indeed have them.

I already took into consideration the block times. Let's look at the number of competing MN's now.

Darknet has over 900 MN;s, Syndciate has about 258, Bitsend, not sure, maybe 50 to 70?

I personally have enough to fire up 6 MN's right off the hop. Let's assume in this example there will be a total of 18 MUE MN's, I'd be getting 33% of the rewards.

Currently, 3,000,000 MUE has a dollar value of about ~$1,665 USD.

So in this particular scenario, by running 6 of 18 MN's, I'd be getting a third of the MN rewards.

With an average of 2160 blocks being solved per day, that would yield 38,880 MUE daily combined income for MN's. 33% of that would be ~12,960 MUE per day, or ~$7.19 USD.

Now let's look at a ~$1,665 DNET investment. That would give us just over 37 MN's to work with.
Each DNET MN earns on average 46.8 DNET, multiplied by 37 would yield 1731.6 DNET, or $7.76 USD per day. However, I'd only have just under 4% of the total number of MN's, not 33%

Now let's look at Syndicate. About 258 MN's online. $1665 USD would get me just over 7 MN's. Currently each MN yields on average about 28 SYNX. Multiply that by 7 and we earn 196 SYNX per day, which has a dollar value of about $8.57. In this case 7 masternodes of 258 represent 2.7% of the total number of masternodes.

So in order to be in the same ballpark, I'd need to be controlling a much larger percentage of the total masternodes: 33% compared to Syndicate's 2.7% and Darknet's nearly 4%.

(All prices obtained from coinmarketcap.com)


Does anyone have any numbers regarding DASH? I'm a bit too lazy to dig up that info at the moment.

Great place to discuss this stuff.
Have you taken into consideration the number of MNs you are competing against? i.e your luck in being the chosen MN to process a block?
While the reward to collateral % is lower (hadn't thought about it before) the chances of a MUE MN processing a block is 40x greater than a Dash MN for example.
What does it look like with the other examples you mentioned?

You bring up an interesting point. Dash, that is the base code that the MUE X11 implementation will be based off, also has a higher block reward / collateral value, currently about 1.9 dash / 1000 collateral and 2.5 min block time). I guess the 40 sec / 40 MUE block reward is important to the developpers and as such it is kept for historical or fundamental reasons.

It looks as the inflation will be lower than for other cryptos, so people will have to evaluate whether other coins are better investments in that sense.

I'm okay with the way the rewards are divided. However, in my opinion I'd like to see bigger rewards in general, closer to 500 MUE per block. (Something along the lines of 225 MN / 225 POW / 50 Development).

Take Darknet for example. Collateral of 10,000 DNET, MN rewards of 29.25 DNET per block, one minute blocks. Each reward is 0.2925% of the collateral balance. (However it will be reducing over time).

Syndicate, requires collateral balance of 5,000 SYNX, one minute blocks, rewards are 5 SYNX per block, which equals 0.1% of collateral balance.

Bitsend. 25,000 collateral and currently 32.5 BSD MN reward per block which will eventually increase to 40 BSD per block. 32.5 BSD equals 0.13% of the collateral. divide that by 6 since they have 6 minute blocks and you have 0.0216% rewards per collateral balance, eventually reaching 0.026% in the near future.


MUE, collateral is 500,000 MUE, rewards are 18 MUE per block. That's 0.0036% of the collateral balance. Taking in to consideration the 40 second block times, multiply it by 50%, that gives you 0.0054% of the collateral balance per block reward.


If my math is wrong, please correct me. I'm not here to argue, or FUD, just expressing my opinion. Like I said, I already picked up a handful of MN worth of coins, and plan to hold as it seems like a promising coin to hang on to. If I'm missing something, please let me know!

Public beta testing of the new x11and MasterNode code should be going live today or tomorrow.
Watch this space

Just curious as to what division you would suggest? A higher payout to miners, more to development, more to masternodes? What is it with this setup that could be improved in your opinion?

It's the same payout schedule as Dash
It will work well I'm quite sure and you won't regret your decision.

That's pretty low to be honest. Curious to see how many MN's will be set up with such small incentive. Too late for me though. I already bought in, so may as well stake and hold.

The plan is miners get 45%, masternodes 45% and the remaining 10% goes to funding the development, promotion etc.

40 MUE x 45% = 18 MUE per block.