[ANN ][SCORE] - page 31. | Bitcointalksearch.org

Pickleninja

sr. member

Activity: 242

Merit: 250

Quote from: mrhans on July 11, 2017, 02:15:34 PM

With all the talk about masternodes here, could somebody explain to me what the purpose of a masternode is? What is the use, requirements etc? Sorry for the noob question.

From my understanding it allows for faster confirmations by making a small subset of users act as trusted validators. This subset also gets to collect a percentage of coins generated from transaction costs...

If im dead wrong, someone please chime in.

mrhans

full member

Activity: 280

Merit: 100

With all the talk about masternodes here, could somebody explain to me what the purpose of a masternode is? What is the use, requirements etc? Sorry for the noob question.

Pickleninja

sr. member

Activity: 242

Merit: 250

If 10 people have masternodes at 600k, half the coins are off the market.

Then again the lower the number, the more accessable MNs will be to people down the road.

Whatevers best for the coin is what should be done... if thats 600k per, so be it.

-pickle

luckytimes

sr. member

Activity: 336

Merit: 250

Quote from: cpozzer on July 11, 2017, 06:42:56 AM

Uhm, please someone correct me if im wrong.

150k coins for a masternode (100 masternodes on network), 1440 blocks a day (considering the block time) 45% reward which works out approx 55 coins, this would mean an input of more than 2 million coins a month in scorecoin blockchain, 1yr 24million coins..... wont this affect price?

I am curious about this too. Does anyone know?

Bitcoiner12

member

Activity: 93

Merit: 94

i am going to add now. i like this coin and dev. Also just checked out the app. all looks good.

kurbeks

sr. member

Activity: 1078

Merit: 255

And rest who cry about price too high. Noone is making you to run MN. If you don't want don't run it. I think 150k is lowest accetable ammount. Otherwise no point in running them. Also there will be new master nodes as coin supply increases -> your rewards will go down.

And yes it's still cheap. Plus too low of masternode collateral will just make plp go on and off. Masternodes are always for serious long term investment and that 0.5BTC is low.

kurbeks

sr. member

Activity: 1078

Merit: 255

Quote from: cpozzer on July 11, 2017, 06:42:56 AM

Uhm, please someone correct me if im wrong.

150k coins for a masternode (100 masternodes on network), 1440 blocks a day (considering the block time) 45% reward which works out approx 55 coins, this would mean an input of more than 2 million coins a month in scorecoin blockchain, 1yr 24million coins..... wont this affect price?

MN rewards are taken from block. Miners just get less.

Myrtsi

newbie

Activity: 4

Merit: 0

How do I add nodes, I'm getting a no block source error with windows wallet

Bitcoiner12

member

Activity: 93

Merit: 94

Quote from: cpozzer on July 11, 2017, 07:34:13 AM

Quote from: Bitcoiner12 on July 11, 2017, 07:32:51 AM

600k master node

I dont think its a good idea! Would you buy 600k coins of score if you had not got them on your top 10 account list?

it is for the big investors right not for everybody.

anewbie

newbie

Activity: 52

Merit: 0

I made A Signature for Scorecoin

Supporters can copy it

Code:

[center][url=goo.gl/N33V72]█ █ █SCORECOIN █ █ █ NOW available █ █ █[/url][/center]

3txx

member

Activity: 111

Merit: 11

In my opinion the future seems to be very bright and I will HODL my COINS.
Great Dev and community is raising day by day.

MacCompiler

newbie

Activity: 53

Merit: 0

No one needs to buy than. They can stil mine with scrypt miner

thedeepsinghal

newbie

Activity: 54

Merit: 0

Well even 50k per MNS is not worth until scorecoin serve something good in real. We need to know more about on what technology this coin will get updated too and how secure and fast this coin will be. Including a good website,roadmap and proper information of things still need to be known.

cpozzer

sr. member

Activity: 434

Merit: 251

Quote from: MacCompiler on July 11, 2017, 07:38:43 AM

Quote from: cpozzer on July 11, 2017, 07:37:08 AM

Quote from: MacCompiler on July 11, 2017, 07:35:39 AM

I think 150k is ok for Masternode

I still think its high, but i agree that its the best option offered.

Why high? It is under 0,5BTC thats only arround 1100 USD.
It is in my opinion ok for a Masternode.

You cannot only consider the price now, cmon. If score goes to 10 cents no one will ever buy a masternode

MacCompiler

newbie

Activity: 53

Merit: 0

Quote from: cpozzer on July 11, 2017, 07:37:08 AM

Quote from: MacCompiler on July 11, 2017, 07:35:39 AM

I think 150k is ok for Masternode

I still think its high, but i agree that its the best option offered.

Why high? It is under 0,5BTC thats only arround 1100 USD.
It is in my opinion ok for a Masternode.

cpozzer

sr. member

Activity: 434

Merit: 251

Quote from: MacCompiler on July 11, 2017, 07:35:39 AM

I think 150k is ok for Masternode

I still think its high, but i agree that its the best option offered.

MacCompiler

newbie

Activity: 53

Merit: 0

I think 150k is ok for Masternode

cpozzer

sr. member

Activity: 434

Merit: 251

Quote from: Bitcoiner12 on July 11, 2017, 07:32:51 AM

600k master node

I dont think its a good idea! Would you buy 600k coins of score if you had not got them on your top 10 account list?

Bitcoiner12

member

Activity: 93

Merit: 94

600k master node

cpozzer

sr. member

Activity: 434

Merit: 251

Uhm, please someone correct me if im wrong.

150k coins for a masternode (100 masternodes on network), 1440 blocks a day (considering the block time) 45% reward which works out approx 55 coins, this would mean an input of more than 2 million coins a month in scorecoin blockchain, 1yr 24million coins..... wont this affect price?

Topic: [ANN ][SCORE] - page 31. (Read 81063 times)