[ANN] SONM • Decentralized Fog Computing - page 100.

frerejaak

member

Activity: 182

Merit: 10

Cross-Border Blockchain Real Estate Marketplace

Quote from: Sam San on May 18, 2018, 10:15:50 PM

Quote from: BitWhat on May 18, 2018, 05:32:32 AM

Quote from: miramare on May 18, 2018, 02:10:09 AM

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

The buying of enough SONM for a master node is some kind of risk now. It will worth the buying if SONM will succeed in the future, while if it is not popular the investment will be in a loss.

Highly doubt it will be a loss, this company aint going anywhere. Read between the lines, do some research on fog computing then rethink that statement. Good thing about MN's is you are still the holder of the tokens...so it being a loss would mean snm price will only go down from here...again not happening. This is not another shitcoin, real world use cases keep popping up with the tech.. moon is an understatement. Mark my words

freezing 500k whatever the ROI, a big risk, because you become a hostage of the team. the super computer itself was built for use and if 500k coins from use will give income more than become a masternode, why become a masternode, and if less, then who will then exploit this supercomputer from the team, working at a loss. so I choose mining on this super computer, which should bring more profit than the node and I always have the opportunity to easily stop if losses.

You have it all wrong my friend. The masternode will give a better reward, its like buying an appartment to rent out or renting out a room for air bnb. The team in no way takes you hostage. Either way do whatever you feel is the right choice.

Sam San

sr. member

Activity: 630

Merit: 250

Quote from: BitWhat on May 18, 2018, 05:32:32 AM

Quote from: miramare on May 18, 2018, 02:10:09 AM

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

The buying of enough SONM for a master node is some kind of risk now. It will worth the buying if SONM will succeed in the future, while if it is not popular the investment will be in a loss.

Highly doubt it will be a loss, this company aint going anywhere. Read between the lines, do some research on fog computing then rethink that statement. Good thing about MN's is you are still the holder of the tokens...so it being a loss would mean snm price will only go down from here...again not happening. This is not another shitcoin, real world use cases keep popping up with the tech.. moon is an understatement. Mark my words

freezing 500k whatever the ROI, a big risk, because you become a hostage of the team. the super computer itself was built for use and if 500k coins from use will give income more than become a masternode, why become a masternode, and if less, then who will then exploit this supercomputer from the team, working at a loss. so I choose mining on this super computer, which should bring more profit than the node and I always have the opportunity to easily stop if losses.

ortim

jr. member

Activity: 108

Merit: 1

Quote from: Bavaria on May 17, 2018, 04:08:29 PM

Quote from: AdobeWriter on May 17, 2018, 05:50:48 AM

Quote from: Bavaria on May 16, 2018, 06:17:19 PM

Quote from: Jantapw on May 16, 2018, 02:54:45 PM

I see there is VISA option. It works? SONM customers can buy computing power using credit card now?

Wait, where did you get that information?
As i know the only way to purchase snm is to buy them on exchange.

As far as I know there will be an option to buy SNM through the platform using credit/debit card. These SNM will be bought from exchanges for you, cause you can't expect every customer buying computing power to be aware of how to buy erc20 tokens from various exchanges and making transactions over the ETH network to send them where he wants to. Sounds pretty simple to us, but crypto hasn't reached the massive public adoption for people to know how to do this yet.

Ok, i agree, that's great and that's how it should be.
But, is it just a rumor or sonm team made it clear they will support fiat gateway? I couldn't find anything regarding that.

Only fiat gateway at the moment is changenow.io I think

For starters that's pretty cool, maybe will get some traffic in future

ortim

jr. member

Activity: 108

Merit: 1

The short answer is that they want to keep the number nodes small in order to keep the software fast. And that can be achieved by high token requirement. This was stated by Igor on telegram

Actually, if they could, they would avoid masternodes
altogether, but they are necessary for the decentralization of the system (instead of e.g. a central server run by the company)

Crypto60563

newbie

Activity: 11

Merit: 0

Quote from: vlom on May 18, 2018, 02:57:59 PM

Quote from: frerejaak on May 17, 2018, 03:08:53 PM

Quote from: vlom on May 17, 2018, 02:48:49 PM

i am not out of somn. i am out of taking into account to start a master node. I bought my somn tokens @2000 sats and hope that i would have enough to be able to run the node.
and now they have to tell us why you need so many tokens. until now only the amount was published.

masternodes provide stability to the network and a locked supply to facilitate trades (like a bank pretty much). You can't expect them to allow 10K holders or something to run nodes like that.

why? what is the difference between a reliable node with 10k and one with 100k? just because you think that it is more likely to stopp running it if you have less coins?

I see where you are coming from. And I think there are many very passionate and knowledgeable SONM hodlers and supporters like you, who would have loved to be able to create and maintain masternodes. They are understandably disappointed. I guess stability of the nodes might have been an important consideration for the SONM team, and hence the high numbers of 100k and 500k for masternodes. I was already expecting these numbers after Igor mentioned in the last Q&A call that they are planning on around 100 gate keeping nodes.
I think the team is gravitating close to the LISK DPOS masternode model (voting, gatekeeping, etc.). Though the SONM team will give all the details in the next few days.

Bavaria

hero member

Activity: 1032

Merit: 502

Quote from: miramare on May 18, 2018, 02:10:09 AM

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

The buying of enough SONM for a master node is some kind of risk now. It will worth the buying if SONM will succeed in the future, while if it is not popular the investment will be in a loss.

Well, It all comes down to your reward risk ratio, but everyone's has a different perception and understanding of that.
As for me, I see with my own eyes SONM doing a great things. I see their's positive success at work, marketing and other areas. I also clearly see a demand for such of kind technology and a huge market. And let's be honest, we already need this tech today.
A month ago node was at 10k$, today price is around 25-30k$. God only knows how much it will cost in a year or two.
In my opinion, snm bag worth the risk.

Scooby903

hero member

Activity: 896

Merit: 500

I think my only feedback is maybe the start was too technical and could start with an easy to understand explanation. I know when I try to explain Sonm to people they have a hard time grasping it. But overall it was good

vlom

legendary

Activity: 1498

Merit: 1117

Quote from: frerejaak on May 17, 2018, 03:08:53 PM

Quote from: vlom on May 17, 2018, 02:48:49 PM

i am not out of somn. i am out of taking into account to start a master node. I bought my somn tokens @2000 sats and hope that i would have enough to be able to run the node.
and now they have to tell us why you need so many tokens. until now only the amount was published.

masternodes provide stability to the network and a locked supply to facilitate trades (like a bank pretty much). You can't expect them to allow 10K holders or something to run nodes like that.

why? what is the difference between a reliable node with 10k and one with 100k? just because you think that it is more likely to stopp running it if you have less coins?

parkperk

newbie

Activity: 2

Merit: 0

Is there a bounty campaign which I can participate in?

rebel.salesman

full member

Activity: 396

Merit: 101

Check this sneak peek of SONM presence at Consensus2018. Feel the atmosphere of the event!

rebel.salesman

full member

Activity: 396

Merit: 101

Aleksei Antonov: “We made a huge leap for the past year”. Read Americanbanker’s Consensus2018 recap to know what the event was like for SONM and other blockchain industry companies.

CORNEL

sr. member

Activity: 1008

Merit: 253

Quote from: miramare on May 18, 2018, 02:10:09 AM

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

The buying of enough SONM for a master node is some kind of risk now. It will worth the buying if SONM will succeed in the future, while if it is not popular the investment will be in a loss.

Details about this business model is not out yet soon they will publish the details about this Masternode structure and what ROI will be for this. I hope they will make this possible to make it attractive for users to run this and get rewarded.

rebel.salesman

full member

Activity: 396

Merit: 101

Digital modernization impacts our behavior: it changes the way we work, communicate and even think. Great innovations become possible due to fogcomputing. Find out how SONM helps to build new business models.

BitWhat

full member

Activity: 135

Merit: 100

Quote from: miramare on May 18, 2018, 02:10:09 AM

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

The buying of enough SONM for a master node is some kind of risk now. It will worth the buying if SONM will succeed in the future, while if it is not popular the investment will be in a loss.

Highly doubt it will be a loss, this company aint going anywhere. Read between the lines, do some research on fog computing then rethink that statement. Good thing about MN's is you are still the holder of the tokens...so it being a loss would mean snm price will only go down from here...again not happening. This is not another shitcoin, real world use cases keep popping up with the tech.. moon is an understatement. Mark my words

frerejaak

member

Activity: 182

Merit: 10

Cross-Border Blockchain Real Estate Marketplace

Quote from: miramare on May 18, 2018, 02:10:09 AM

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

The buying of enough SONM for a master node is some kind of risk now. It will worth the buying if SONM will succeed in the future, while if it is not popular the investment will be in a loss.

Thats the risk with all masternodes. In the upcoming article we’ll find out the ROI

miramare

hero member

Activity: 1162

Merit: 568

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

The buying of enough SONM for a master node is some kind of risk now. It will worth the buying if SONM will succeed in the future, while if it is not popular the investment will be in a loss.

Bavaria

hero member

Activity: 1032

Merit: 502

Quote from: jackson997 on May 17, 2018, 05:04:51 PM

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

thanks ! I didn't know that

now its clear for me

No problem

Also, as mentioned above, Sonm's CTO I. Lebedev soon will publish an article about nodes. That'll give us much more details.

PowerHemp

legendary

Activity: 1386

Merit: 1001

Ganja <3

Quote from: jackson997 on May 17, 2018, 04:24:28 PM

Quote from: PowerHemp on May 17, 2018, 04:19:26 PM

if you need 100k for a masternode it will cost 2x more than a dash masternode if it get to the market cap dash is now. i think 50k and 500k is better

or have sonm a better roi?

so buy now till its cheap...of course if you belive on this project

I'm in so i got more than 100k Wink

+ im waiting for Live mainnet + SONM normal usage by customers, suppliers ....then im pretty sure price will skyrocket as fu... how long it will take .. I dont know, nobody knows that, but im gonna hold for 1 - 3 years and we will see.

cant affort that much from my fiat money i need to sell coins from some other great projects. did this already some time last year and that cost me much profit... so i decide to buy any new coins only with my fiat money from work or from some mn rewards

maybe in some months/years i sell some big coins but than it will be to late for snm :/

jackson997

full member

Activity: 180

Merit: 102

Quote from: Bavaria on May 17, 2018, 04:45:26 PM

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

thanks ! I didn't know that

now its clear for me

Bavaria

hero member

Activity: 1032

Merit: 502

Quote from: jackson997 on May 17, 2018, 08:14:13 AM

all good, but we dont know the ROI for being masternode ...

Sonm is a non-mineable cryptocurrency.
On the basis of that, ROI will depends on the network usage. The more deals(txs) will going through network, the more roi(fee) you will get. With the increasing popularity of sonm network ROI would be a huge. However, it's clear that this won't happen overnight.

Topic: [ANN] SONM • Decentralized Fog Computing - page 100. (Read 444960 times)