so any news about the change? specially the reduced quantity of coins?
Nobody knows exactly how many coins will be tied up in MN's, but i think it will be a lot. The collateral is pretty high at 500k per MN. Current coin supply is around 118,000,000 coins. If every single one of those coins were tied up in a Masternode, we'd only have a total of 236 MN. But realistically, I think only between 30% to 40% will be tired up in MN's. That will yield us about 70 to 95 MN's, which is extremely low compared to Dash which has over 4,000 or PIVX, which has about 1,900 if I'm not mistaken.
Another thing worth mentioning is that the devs plan on allowing Masternode sharing. Which basically allows people who can't afford a full MN to share their MUE in a pool and ejnoy rewards that way. So that will also squeeze the supply.
And I heard there will be a new ANN today regarding certain updates. Stay tuned.
answers like this make me love this forum and its comunity thanks!
about the mn sharing pools, im very interested but a big tech noob. is there any explanation on how exactly i can do this?also what are the costs for a mue mn?
thanks!
So right now, to be sure of a MasterNode (MN) post migration, you will need 500,000 MUE.
Current price http://coinmarketcap.com/currencies/monetaryunit/ is about $0.02 per MUE, so an MN currently costs about $10,000.
To maintain our philosophy of allowing access to MUE for all comers, the MN shares will operate very simply.
You can buy a share in an MN, from as little as a single share (1/500,000) and get the benefits of the MN payments (or 1/500,000th).
So, if you bought 10,000 shares in a MasterNode, that will cost you 10,000 MUE and you'd get 10,000/500,000th of the MN payments.
We will endeavour to have this available as soon after migration as possible.
I thought it was only necessary to have 100,000 for a MN?
Why would having 500,000 do anything other than give you 5 MNs?
