Topic: [ANN] [PoS/MN] Gentarium (GTM) | Masternode hosting platform | Shared MN service - page 5. (Read 82413 times)

Holding masternode coins is a sure way to lose money.

Was just reading in the Discord server where they say the platform is profitable. I’d have to see the numbers to believe it.

This coin is another perfect example that collateral changes don’t work for raising the coins value. The last change was a complete failure and the same people see another change as a savior. Fools!

The cost of the node 29 usd, roi - 39%, Commission awards 90.00%, so 35.1% takes service. investors remain -3.9% - the payback of the project at the same price for the masternode = 25.64 years. Who in their right mind would do that? Nah this project.

The collateral increase is no longer relevant, since many developers removed the coins from circulation. They burned a part, they don’t sell the rest.

There are a lot of good suggestions here however I think it is best if you can post these in the GTM discord server so the dev can see them as I don't believe the dev comes on here much anymore. A collateral increase may help in the short term but not sure about long term.

Even better is to make the block exit time, like Bitcoin, 1 time in 10 minutes. 2 coins each. This is 144 coins per day.
If you calculate everything by making such changes, the price of the coin will go up very much. And the reserves of coins that the team now has will become tens of millions of dollars.
I think that masternode owners will support such changes if they put it to the vote.

Increasing the masternode pledge is the wrong position. This is milking existing investors, and not attracting new ones because of the prospects of the project.
If you increase the deposit by 500 coins and make 1,500 GTM coins per masternode, then with the existing number of coins there will be 2,373 masternodes and the complete absence of coins in circulation. Many will simply drop coins when the price starts to rise and that's it.
The only positive point from such an increase in collateral will not be to immediately reduce the reward for the block. But subsequently, all the same, the reward for the block will need to be reduced by planning this in the roadmap.
However, the effect of increasing the collateral may be short-lived and after a short time investors will simply get rid of the coins and the price will fall again. And the credibility of the project will finally disappear.
The easiest way is not to reduce the block reward, but to return the block exit time of 2 minutes. Or make a block exit time of 1.5 minutes. And subsequently, do not reduce the reward for the block, but increase the time it takes for the block to exit.
The effect will be the same. But you will be the first to do so, does not reduce the reward for the block, but increases the time for the release of a new block.
By increasing the block exit time to 2 minutes, you will reduce inflation by 2 times. About 1,500 new coins will be issued per day.
And plan in a year to increase the output of the block 1 time in 4 minutes. After another year, 1 time in 8 minutes.
Upon receipt of a reward of 1.7 coins for 5 days, the cost of placing a GTM coin masternode is cost-effective at a price of 0.34 coins per day.
With 5,000 masternodes hosted on a hosting site for which payment is made with a GTM coin, with inflation of 1,500 new coins per day, there will be zero increase in the cost of coins. Or very small. In this case, holding a masternode of a GTM coin will be cost-effective. About 10 percent profitability. In this situation, the price for the placement of the masternode will be approximately 0.3 GTM per day, and the reward for the block will be 0.34 coins per day.
After the number of masternodes on the hosting starts to exceed 5000, the block exit time will be 2 minutes, the block reward will be 2 coins. This is approximately 1,500 new coins per day. Then the profitability of the placement of the masternode of the GTM coin will begin to grow.
And if you make the block exit time 4 minutes, then about 355 blocks will be released per day. 2 coins per block. This is 710 coins per day. You can achieve coin shortages 4 times faster.

A few months ago, asics for Bitcoin mining were sold for scrap. Then everything changed, the price of Bitcoin rose again. With masternode coins it will be the same. Not with everyone, but with those behind the project and the team.
The GTM project will feel good in 2-3 months. And if the GIC coin project finally starts to work and the price of this coin grows, then the number of masternodes on the Gentarium hosting will greatly increase. Increasing the demand for the GTM coin.
And new, promising projects that use masternodes will appear. An increase in the number of masternodes hosted on the hosting will give an even greater shortage of coins, and hence an increase in the value of the GTM coin.

Currently, about 4500 masternodes are hosted on the coin host. Another about 3000 common masternodes. An average of 2.5 GTM coins per day is paid for 1 masternode. This is 11250 coins per day. I count only whole masternodes. It is for them that they pay in the GTM coin.  This month, 337,500 coins are withdrawn from circulation. 3 558 974 GTM is in circulation.
2 365,000 coins blocked by masternodes.
It remains in circulation 1 193 974 coins.
I think that more than 500,000 of the remaining coins in circulation are already held by the developers.
Many more coins are held by the stakers and lost coins.
After 2 months, free coins will be redeemed and there will be a shortage of coins. Cost growth will begin.
But the growth in value will stop when the issue of new coins and the demand for a coin become equal. After all, paying for a masternode will already be cheaper in a GTM coin.
It is necessary to reduce coin inflation again so that block reward decreases.
And then the price of the coin will rise. And developers adjust the price of the coin by gradually selling part of their coins at the most favorable price for themselves.
The GTM coin is profitable for investments in the near future. In 2-3 months there will be a price increase due to a shortage of coins.
And if they reduce the remuneration for the block, then the growth will be very good.

BEWARE: They steal and underpay. Happy to remove my comment if I am paid back. Blames poor wallet code when other platforms have no issues

I will start buying back Gentarium when it hits the 210 sats ($0.025) range.

Masternode hot trend has gone away, sure. During the hot trend of masternode coins, there are so many scam projects, and they somehow contributed to destroy reputation of masternode ecosystem. Nevertheless, there are still good masternode coins, and there are still demands. Another minus point for masternode coins and masternode hosting service industry, at of writing, is the altcoin massacre that already lasted for months. Due to effects from altcoin massacre, profits from masternode investment and operations, as well as for masternode hosting service providers collapsed to nearly zero or even negative. Fortunately, if good masternode coins can survive, good masternode hosting servive providers can survive through one of hardest time of altcoins and this branch of crypto industry; they will definitely have chance to enjoy sweet growths in months to come, and in the next one or two years.
GINcoin is a shameless one, but it is somehow give the leadership in this industry to Gentarium. Let's take this chance and rock.

Yes I agree that the masternode fad is over as it has been since the start of the year when we started to see a lot of masternode coins lose value. I still think a lot has to do with a lot of scams and over hyped masternode coins like LPC and LGS. These masternodes runs by the same dev hust a lot of people as they were just pump and dump coins. Time will tell if GTM can come up with something to help in the long term, I'm also not selling now and I knew the risks when I first bought into this project.

There are some people that sell all rewards regardless of pricing. Most of them hold a significant number of nodes and even low emission coins get trashed.

Rinse and repeat with most masternode coins.

Guess I am going down with them then , it would hurt too much selling at this price right now.

Was looking very good at some point , no idea how people still could dump the value so hard with that low creation of new coins.

It has nothing to do with figuring out a cheaper way to offer hosting at a lower price. The service at GTM is no better than other hosting platforms and I would bet that the hosting costs paid by GTM are pretty much in line with other places. This GTM team is trying to maximize profit and its going to bite them in the butt. Once you lose customers it’s so much harder to get them back.

Taking payment in GTM is pretty much no profit right now, so that increases the chances that they are going down the same path as GIN.
 
I think the masternode fad is coming to an end. Will they disappear altogether? No, but the number will decrease significantly. That leaves all these platforms fighting for a smaller customer base. Platforms that take payment in their own coin will be hit the hardest because they have nothing to cover costs.

The GTM fan boys will continue to diminish as they find other platforms that are equal at lower prices. That already shows when looking at the tanking price of this coin.

Yes hosting nodes elsewhere might be cheaper right now but like I said in a previous post a few weeks ago, how long will that last? I'm confident that the GTM team will find a solution in the near future to help lower the cost of hosting a node on the GTM platform. Masternodes have been taking a beating for since the start of the year and it continues on, not sure when it will end but I hope it is soon.

Yea other platforms are sadly way cheaper...

There is something like 15+ MN hosting platforms now. I haven’t researched all of them, but I would be willing to bet that GTM is on the higher end when it comes to hosting costs. I don’t have a lot of confidence in any platform where it’s cheaper to host there own coin elsewhere.

 

As far as I know GIN was about the same size as GTM
So there’s a lot of nodes looking for a new home now.

Yes. The dump on GIN was huge and probably not over yet

Its funny to see the TRTT team have a few guys on this forum spamming all the masternode threads with there offer to host masternodes on the TRTT platform. I hate spam and would never joining a platform or company that spams just to get customers. Gentarium just needs to remain stable and I think more people will cross over and start hosting their masternodes here. People need to remember that the cheaper option isn't always the best so lets see what happens in the next 6-12 months from now.