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Topic: [ANN] TIERION [TNT]Token Sale Starts on 27 July - page 14. (Read 88307 times)

full member
Activity: 277
Merit: 100
Looks like not so profitable buy a node.

1250 rewards once in a 3 month, this is about 417TNT per month.
1TNT~$0,22 now, so it will be  ~$92 per month ->x12=$1100 per year.
But you should have 5000TNT always on a wallet ~5000x0,22=$1100.
So, only after 1 full year(!) you will begin make profit.
Also I didn't calculate hosting price here. This is additional ~$10-20 per month.

p.s. Another problem it's too much nodes for rewards - 4000 nodes online now and will be 5000 in near future and more... Rewards in a lotto system, so more nodes, less chances to get a reward.

This is a pretty poor assessment on profitability. When you hold 5000 TNT to operate a node, you don't lose your principal balance... it is just held there while operating the node. Node profitability is a factor of many things, including the price of TNT, the number of nodes on the network (dictating win probability), and the size of the reward. Assuming the price doesn't change, at $0.22 you are making (on average) that ~$92 a month with your only overhead being the $5-10 / month hosting cost.  

You are basically doubling your investment in one year... not finally turning a profit. Your main liability is the price of TNT while you hold to operate a node over the long term, but the current effective yearly interest rate (paid in TNT) buffers these fluctuations (currently ~87% (@ 4k nodes and 1000 TNT reward / 30 min, same for 5k nodes and 1250 TNT reward / 30 min)). At those returns, if the TNT price gets cut in half over the next year, you will break even. If it stays the same, you will double up. If it increases 10 fold, you will be up 20x.

That being said, the team has stated they are planning to open up registration completely in the future and eventually deliver more consistent rewards (moving away from lotto style). No date on these modifications, so we can only go on the node statistics currently available.  IMO though, node operation is a long term game which requires patience. If you're the type of person that is constantly hawking prices and swing trading around, I would't recommend operating a node... but history in crypto has shown the most profitable investment method is to literally do nothing for longer than anyone else. Find a solid project, invest, then stick your head in the sand for 2 years.
what is the total number of  nodes  that can be built  for the whole  net ?  can any one  tell me how  to  set up a node on my vps server ?

The maximum number of nodes allowed on the network is dictated by the circulating TNT supply and the minimum TNT balance requirement per node. With the current circulating supply (428,481,269) and the 5000 TNT minimum balance, if 100% of tokens were applied towards node operation there would be 85,696 nodes on the network. Looking at Dash as a successful node operation, they have ~60% tied in nodes... putting a more realistic number closer to ~51k nodes if Tierion's marketcap exploded into the billions.
legendary
Activity: 1736
Merit: 1001
hero member
Activity: 910
Merit: 500
can some body help me ?  I  met the following  problem when I  install my node on vps  ,  can not  start  docker :
 root@dime2:~# systemctl status docker.service
● docker.service - Docker Application Container Engine
   Loaded: loaded (/lib/systemd/system/docker.service; enabled; vendor preset: enabled)
   Active: inactive (dead) (Result: exit-code) since Tue 2018-01-23 08:30:03 UTC; 4min 27s ago
     Docs: https://docs.docker.com
  Process: 15461 ExecStart=/usr/bin/dockerd -H fd:// (code=exited, status=1/FAILURE)
 Main PID: 15461 (code=exited, status=1/FAILURE)

Jan 23 08:30:03 dime2 systemd[1]: Failed to start Docker Application Container Engine.
Jan 23 08:30:03 dime2 systemd[1]: docker.service: Unit entered failed state.
Jan 23 08:30:03 dime2 systemd[1]: docker.service: Failed with result 'exit-code'.
Jan 23 08:30:03 dime2 systemd[1]: docker.service: Service hold-off time over, scheduling restart.
Jan 23 08:30:03 dime2 systemd[1]: Stopped Docker Application Container Engine.
Jan 23 08:30:03 dime2 systemd[1]: docker.service: Start request repeated too quickly.
Jan 23 08:30:03 dime2 systemd[1]: Failed to start Docker Application Container Engine.
newbie
Activity: 56
Merit: 0
The project is still nowhere near it should be.
When the cryptomarket will heal itself after the January crisis I expect that TNT will grow pretty much.
newbie
Activity: 10
Merit: 0
Regarding the TNT charts:

I am happy that Tierion TNT is finally getting the credit it deserves.

I am glad to be highly invested in this exciting project. I bought in at 0.15 $. It is atm at 0.30 $. Will be buying a lot more if I see it hitting 0.25 $ during the next couple of days.

The spike will not be a pump and dump for sure. I think we will see a steady rise towards the 0.80 $ within the next two months.

Good investment for sure! Have fun. BTC safe.
member
Activity: 151
Merit: 10
Looks like not so profitable buy a node.

1250 rewards once in a 3 month, this is about 417TNT per month.
1TNT~$0,22 now, so it will be  ~$92 per month ->x12=$1100 per year.
But you should have 5000TNT always on a wallet ~5000x0,22=$1100.
So, only after 1 full year(!) you will begin make profit.
Also I didn't calculate hosting price here. This is additional ~$10-20 per month.

p.s. Another problem it's too much nodes for rewards - 4000 nodes online now and will be 5000 in near future and more... Rewards in a lotto system, so more nodes, less chances to get a reward.

This is a pretty poor assessment on profitability. When you hold 5000 TNT to operate a node, you don't lose your principal balance... it is just held there while operating the node. Node profitability is a factor of many things, including the price of TNT, the number of nodes on the network (dictating win probability), and the size of the reward. Assuming the price doesn't change, at $0.22 you are making (on average) that ~$92 a month with your only overhead being the $5-10 / month hosting cost.  

You are basically doubling your investment in one year... not finally turning a profit. Your main liability is the price of TNT while you hold to operate a node over the long term, but the current effective yearly interest rate (paid in TNT) buffers these fluctuations (currently ~87% (@ 4k nodes and 1000 TNT reward / 30 min, same for 5k nodes and 1250 TNT reward / 30 min)). At those returns, if the TNT price gets cut in half over the next year, you will break even. If it stays the same, you will double up. If it increases 10 fold, you will be up 20x.

That being said, the team has stated they are planning to open up registration completely in the future and eventually deliver more consistent rewards (moving away from lotto style). No date on these modifications, so we can only go on the node statistics currently available.  IMO though, node operation is a long term game which requires patience. If you're the type of person that is constantly hawking prices and swing trading around, I would't recommend operating a node... but history in crypto has shown the most profitable investment method is to literally do nothing for longer than anyone else. Find a solid project, invest, then stick your head in the sand for 2 years.


Rewards for operating a node may not be enticing right now but we must look at the long term potential. It's like an investment. If the rewards are very high right now, getting those TNTs would have cost a fortune since everyone would be scrambling to setup a node.
hero member
Activity: 910
Merit: 500
can any body or dev help me ?  I just bought some  TNT  and  try to setup a  node  for registration ,  but  it  show  the error below on my vps  serve :



when i  input the following instruction:
      url -sSL https://cdn.rawgit.com/chainpoint/chainpoint-node/13b0c1b5028c14776bf4459518755b2625ddba34/scripts/docker-install-ubuntu.sh | bash

the result shows :
Failed to start Docker Application Contai...e.
error processing package docker-ce (--configure)


how to fix the problem ,can any one help me ?
hero member
Activity: 910
Merit: 500
Looks like not so profitable buy a node.

1250 rewards once in a 3 month, this is about 417TNT per month.
1TNT~$0,22 now, so it will be  ~$92 per month ->x12=$1100 per year.
But you should have 5000TNT always on a wallet ~5000x0,22=$1100.
So, only after 1 full year(!) you will begin make profit.
Also I didn't calculate hosting price here. This is additional ~$10-20 per month.

p.s. Another problem it's too much nodes for rewards - 4000 nodes online now and will be 5000 in near future and more... Rewards in a lotto system, so more nodes, less chances to get a reward.

This is a pretty poor assessment on profitability. When you hold 5000 TNT to operate a node, you don't lose your principal balance... it is just held there while operating the node. Node profitability is a factor of many things, including the price of TNT, the number of nodes on the network (dictating win probability), and the size of the reward. Assuming the price doesn't change, at $0.22 you are making (on average) that ~$92 a month with your only overhead being the $5-10 / month hosting cost.  

You are basically doubling your investment in one year... not finally turning a profit. Your main liability is the price of TNT while you hold to operate a node over the long term, but the current effective yearly interest rate (paid in TNT) buffers these fluctuations (currently ~87% (@ 4k nodes and 1000 TNT reward / 30 min, same for 5k nodes and 1250 TNT reward / 30 min)). At those returns, if the TNT price gets cut in half over the next year, you will break even. If it stays the same, you will double up. If it increases 10 fold, you will be up 20x.

That being said, the team has stated they are planning to open up registration completely in the future and eventually deliver more consistent rewards (moving away from lotto style). No date on these modifications, so we can only go on the node statistics currently available.  IMO though, node operation is a long term game which requires patience. If you're the type of person that is constantly hawking prices and swing trading around, I would't recommend operating a node... but history in crypto has shown the most profitable investment method is to literally do nothing for longer than anyone else. Find a solid project, invest, then stick your head in the sand for 2 years.
what is the total number of  nodes  that can be built  for the whole  net ?  can any one  tell me how  to  set up a node on my vps server ?
full member
Activity: 277
Merit: 100
Looks like not so profitable buy a node.

1250 rewards once in a 3 month, this is about 417TNT per month.
1TNT~$0,22 now, so it will be  ~$92 per month ->x12=$1100 per year.
But you should have 5000TNT always on a wallet ~5000x0,22=$1100.
So, only after 1 full year(!) you will begin make profit.
Also I didn't calculate hosting price here. This is additional ~$10-20 per month.

p.s. Another problem it's too much nodes for rewards - 4000 nodes online now and will be 5000 in near future and more... Rewards in a lotto system, so more nodes, less chances to get a reward.

This is a pretty poor assessment on profitability. When you hold 5000 TNT to operate a node, you don't lose your principal balance... it is just held there while operating the node. Node profitability is a factor of many things, including the price of TNT, the number of nodes on the network (dictating win probability), and the size of the reward. Assuming the price doesn't change, at $0.22 you are making (on average) that ~$92 a month with your only overhead being the $5-10 / month hosting cost. 

You are basically doubling your investment in one year... not finally turning a profit. Your main liability is the price of TNT while you hold to operate a node over the long term, but the current effective yearly interest rate (paid in TNT) buffers these fluctuations (currently ~87% (@ 4k nodes and 1000 TNT reward / 30 min, same for 5k nodes and 1250 TNT reward / 30 min)). At those returns, if the TNT price gets cut in half over the next year, you will break even. If it stays the same, you will double up. If it increases 10 fold, you will be up 20x.

That being said, the team has stated they are planning to open up registration completely in the future and eventually deliver more consistent rewards (moving away from lotto style). No date on these modifications, so we can only go on the node statistics currently available.  IMO though, node operation is a long term game which requires patience. If you're the type of person that is constantly hawking prices and swing trading around, I would't recommend operating a node... but history in crypto has shown the most profitable investment method is to literally do nothing for longer than anyone else. Find a solid project, invest, then stick your head in the sand for 2 years.
newbie
Activity: 12
Merit: 0
Looks like not so profitable buy a node.

1250 rewards once in a 3 month, this is about 417TNT per month.
1TNT~$0,22 now, so it will be  ~$92 per month ->x12=$1100 per year.
But you should have 5000TNT always on a wallet ~5000x0,22=$1100.
So, only after 1 full year(!) you will begin make profit.
Also I didn't calculate hosting price here. This is additional ~$10-20 per month.

p.s. Another problem it's too much nodes for rewards - 4000 nodes online now and will be 5000 in near future and more... Rewards in a lotto system, so more nodes, less chances to get a reward.
full member
Activity: 277
Merit: 100
How many TNT do I need to run a node?

5000 TNT
newbie
Activity: 75
Merit: 0
How many TNT do I need to run a node?
full member
Activity: 504
Merit: 103
Tierion Network Update — January 19, 2018

Node registration will open on January 24th at 2:00pm PT (22:00 UTC). An additional one thousand nodes will be able to register. Rewards will increase to 1,250 TNT per reward period.

The registration process is simple. Node operators should upgrade to version 1.3.5. Upgrading takes a few seconds. Nodes will automatically attempt to register when upgraded.

https://medium.com/tierion/tierion-network-update-january-19-2018-fa88c6bee69f
full member
Activity: 277
Merit: 100
Keep getting this

Attaching to chainpoint-node, postgres-node, redis-node
chainpoint-node    | 2018-01-14T02:19:55.204145864Z yarn run v1.2.1
chainpoint-node    | 2018-01-14T02:19:56.352518180Z INFO : App : Starting : Version 1.3.4
chainpoint-node    | 2018-01-14T02:19:56.566680367Z INFO : App : Core Host : c.chainpoint.org
chainpoint-node    | 2018-01-14T02:19:56.733538753Z INFO : Firewall : Added 929 external IPs to block list
chainpoint-node    | 2018-01-14T02:19:56.980858736Z ERROR : Registration : Core : 1/60 : 403 : Retrying...
chainpoint-node    | 2018-01-14T02:20:12.197115011Z ERROR : Registration : Core : 2/60 : 403 : Retrying...
chainpoint-node    | 2018-01-14T02:20:27.404103931Z ERROR : Registration : Core : 3/60 : 403 : Retrying...


Before it used to say node full now i get ERROR.



Same here. I checked my droplet firewall and its all good. any idea ?

I get the same 403 error for nodes that are not registered when I run 'make up'. I don't think its anything to worry about as the registration window is currently closed... maybe just some new terminology from the recent chainpoint software upgrade.

Next registration is Jan 24th at 2PM PT. See the update here: https://medium.com/tierion/tierion-network-update-january-12-2018-6b21f128df9c

1000 more node slots will be opening up (to 5000 nodes total) with a reward increase to 1250 TNT. The team is moving to once-a-month registration, so get those nodes ready!

newbie
Activity: 25
Merit: 0
Keep getting this

Attaching to chainpoint-node, postgres-node, redis-node
chainpoint-node    | 2018-01-14T02:19:55.204145864Z yarn run v1.2.1
chainpoint-node    | 2018-01-14T02:19:56.352518180Z INFO : App : Starting : Version 1.3.4
chainpoint-node    | 2018-01-14T02:19:56.566680367Z INFO : App : Core Host : c.chainpoint.org
chainpoint-node    | 2018-01-14T02:19:56.733538753Z INFO : Firewall : Added 929 external IPs to block list
chainpoint-node    | 2018-01-14T02:19:56.980858736Z ERROR : Registration : Core : 1/60 : 403 : Retrying...
chainpoint-node    | 2018-01-14T02:20:12.197115011Z ERROR : Registration : Core : 2/60 : 403 : Retrying...
chainpoint-node    | 2018-01-14T02:20:27.404103931Z ERROR : Registration : Core : 3/60 : 403 : Retrying...


Before it used to say node full now i get ERROR.



Same here. I checked my droplet firewall and its all good. any idea ?
sr. member
Activity: 560
Merit: 261
The coin is very serious, there is technology. Buy it before it's too late, then do not live.

That is right. Now it is the good time to store more TNT.
I just went through an article describing the best blockchain project, TNT was among it.
newbie
Activity: 49
Merit: 0
The coin is very serious, there is technology. Buy it before it's too late, then do not live.
hero member
Activity: 1032
Merit: 502
5000 TNT you need. Shame i cant get get my node to work or even try and connect. All i get is errors. I did it last week and it worked fine.  Undecided
Thank you! Found an article with detailed instructions. Maybe it'll help.
https://medium.com/tierion/tierion-node-registration-october-18th-a81d892b669d

Thanks going to try!
You're welcome)

Keep getting this

Attaching to chainpoint-node, postgres-node, redis-node
chainpoint-node    | 2018-01-14T02:19:55.204145864Z yarn run v1.2.1
chainpoint-node    | 2018-01-14T02:19:56.352518180Z INFO : App : Starting : Version 1.3.4
chainpoint-node    | 2018-01-14T02:19:56.566680367Z INFO : App : Core Host : c.chainpoint.org
chainpoint-node    | 2018-01-14T02:19:56.733538753Z INFO : Firewall : Added 929 external IPs to block list
chainpoint-node    | 2018-01-14T02:19:56.980858736Z ERROR : Registration : Core : 1/60 : 403 : Retrying...
chainpoint-node    | 2018-01-14T02:20:12.197115011Z ERROR : Registration : Core : 2/60 : 403 : Retrying...
chainpoint-node    | 2018-01-14T02:20:27.404103931Z ERROR : Registration : Core : 3/60 : 403 : Retrying...


Before it used to say node full now i get ERROR.


Sorry my friend, i have not tried setup a masternode yet, because i'm very busy. I believe that developers probably could help you to resolve this issue. Try to ask them in the telegram chat. https://t.me/tierion
legendary
Activity: 938
Merit: 1001
Quick question
 is all TNT in my node address converted to credits ?
 Can't find info about this anywhere
member
Activity: 196
Merit: 10
Servant, your name is chair
undervalued coin
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