PLEASE DISREGARD THE UPDATE ANNOUNCEMENT AND REMAIN ON PREVIOUS VERSION
A significant bug in the wallet has been found that affects masternodes. We will be re issuing the release very soon.
Topic: [ANN][CRW] CROWN (SHA256) | Platform | Governance | Systemnodes | Masternodes | - page 75. (Read 316951 times)
November 06, 2017, 10:49:13 AM
November 06, 2017, 10:07:01 AM
#Systemnodes are finished. Updating links. Stayed tuned for the official announcement. $CRW #masternode
November 06, 2017, 09:54:02 AM
Hello, next tuesday 14th Crown team will be attending a conference in Madrid about Bitcoin and Cryptocurrencies by Adriá Aguadé. Hope to meet good people there and make some first contacts to inform about Crown possibilities. info about the conference here
Great Vic, make sure you coordinate with our Latin American team, which should be in Madrid as well during these dates
November 06, 2017, 06:46:15 AM
Hello, next tuesday 14th Crown team will be attending a conference in Madrid about Bitcoin and Cryptocurrencies by Adriá Aguadé. Hope to meet good people there and make some first contacts to inform about Crown possibilities. info about the conference here
November 06, 2017, 06:43:24 AM
Hello sir, I would like to purchase 2 systemnodes for 1000 crw. I want to know how much income it can generate per month?
The rewards for an individual system node will be a function of the total number of system nodes -- so one can't make a precise prediction.
With each block, a system node will randomly be selected as "leader" for the that block and that system node will receive a 0.9 CRW reward. Blocks currently complete about once a minute.
There are 1440 minutes in a day (24 x 60) and very close to 1440 blocks per day. So each day, the system nodes on the system will receive 1440 different 0.9 CRW rewards for a total of 1296 CRW going to system nodes per day.
And then this is where the math starts to get interesting -- because masternodes require 20x the collateral as system nodes, but receive only 5x the reward of a system node. Masternodes get 4.5 CRW per block... and there are currently about 1,200 masternodes.
Now, if VPS or compute were free and governance voting weren't an "economic asset" -- in a network with the reward and collateral structure proposed for CRW, the equilibrium between the return on masternodes and system nodes is that if there are "X" masternodes, then you would have 4*X system nodes... in other words -- if 1,200 masternodes stay up, then the return on system nodes will be higher than the return on masternodes until there are around 4,800 system nodes in a zero VPS/compute cost world... in the real world the return breakeven will depend on the cost of your VPS -- but the equilibrium is probably around 3x as many system nodes as masternodes.
Why more system nodes?
1. In the long term, system nodes should be able to do a lot of grunt work for the network -- so you want more capacity and diversity, more numbers in this layer... and you need to set it up the way you want it when you start, not later.
2. More people have the ability to own smaller stakes, so in terms of building and engaging the community -- you want to have more seats at the smaller collateral level, as way for people to start and get to know the community and think about how they can add value to the network -- what ideas they would like to propose or contribute.
Or that's the way I think of it. Others may explain it differently.
Precisely correct.
November 06, 2017, 01:33:37 AM
Hello sir, I would like to purchase 2 systemnodes for 1000 crw. I want to know how much income it can generate per month?
Hi,
A few weeks ago, this was posted:
Here's a spreadsheet showing the number of CRW a single Systemnode can expect to earn for a given number of Systemnodes on the network.
I suspect that Trons will start to receive a higher reward again after a few thousand SNs have been set up although its impossible to estimate exactly when. This will be near to our first Zuck Equilibrium!
https://drive.google.com/file/d/0B_xNpVnMJrIhSGxHRXAtcDljWnc/view?usp=sharing
I suspect that Trons will start to receive a higher reward again after a few thousand SNs have been set up although its impossible to estimate exactly when. This will be near to our first Zuck Equilibrium!
https://drive.google.com/file/d/0B_xNpVnMJrIhSGxHRXAtcDljWnc/view?usp=sharing
It's difficult to estimate how many Systemnodes there'll be - and it also depends on the cost of your VPS. Maybe http://crown.today or http://crowncentral.net will have more accurate statistics in the future
November 06, 2017, 01:30:05 AM
Hello sir, I would like to purchase 2 systemnodes for 1000 crw. I want to know how much income it can generate per month?
The rewards for an individual system node will be a function of the total number of system nodes -- so one can't make a precise prediction.
With each block, a system node will randomly be selected as "leader" for the that block and that system node will receive a 0.9 CRW reward. Blocks currently complete about once a minute.
There are 1440 minutes in a day (24 x 60) and very close to 1440 blocks per day. So each day, the system nodes on the system will receive 1440 different 0.9 CRW rewards for a total of 1296 CRW going to system nodes per day.
And then this is where the math starts to get interesting -- because masternodes require 20x the collateral as system nodes, but receive only 5x the reward of a system node. Masternodes get 4.5 CRW per block... and there are currently about 1,200 masternodes.
Now, if VPS or compute were free and governance voting weren't an "economic asset" -- in a network with the reward and collateral structure proposed for CRW, the equilibrium between the return on masternodes and system nodes is that if there are "X" masternodes, then you would have 4*X system nodes... in other words -- if 1,200 masternodes stay up, then the return on system nodes will be higher than the return on masternodes until there are around 4,800 system nodes in a zero VPS/compute cost world... in the real world the return breakeven will depend on the cost of your VPS -- but the equilibrium is probably around 3x as many system nodes as masternodes.
Why more system nodes?
1. In the long term, system nodes should be able to do a lot of grunt work for the network -- so you want more capacity and diversity, more numbers in this layer... and you need to set it up the way you want it when you start, not later.
2. More people have the ability to own smaller stakes, so in terms of building and engaging the community -- you want to have more seats at the smaller collateral level, as way for people to start and get to know the community and think about how they can add value to the network -- what ideas they would like to propose or contribute.
Or that's the way I think of it. Others may explain it differently.
November 05, 2017, 04:12:45 PM
Hello sir, I would like to purchase 2 systemnodes for 1000 crw. I want to know how much income it can generate per month?
November 05, 2017, 01:07:36 PM
Need Spanish translation?
Our Spanish Ambassador vic is working on it now, but thanks
November 05, 2017, 10:58:46 AM
Need Spanish translation?
November 05, 2017, 09:49:51 AM
Really hope your project will succeed !
November 05, 2017, 08:24:21 AM
I submit proposal!
U pay me post crw in other forum?
I good market person!
Super moon I have plan!
U pay me post crw in other forum?
I good market person!
Super moon I have plan!
Good to see you back sitonmythrone
Wow that was *almost* a coherent message
November 05, 2017, 01:37:47 AM
I submit proposal!
U pay me post crw in other forum?
I good market person!
Super moon I have plan!
U pay me post crw in other forum?
I good market person!
Super moon I have plan!
Good to see you back sitonmythrone
November 04, 2017, 01:56:22 PM
I submit proposal!
U pay me post crw in other forum?
I good market person!
Super moon I have plan!
U pay me post crw in other forum?
I good market person!
Super moon I have plan!
November 04, 2017, 01:55:15 PM
Crown Atomic Weekly Update
During the last week Artem continued working on Atomic specification, he is working mostly on clarification of public key infrastructure which is an important part of the project. Yesterday Artem and the new developer he introduced to Crown discussed future steps with regard to his involvement in the project. He will be able to join Crown from December as a full time core developer. The new developer will mostly be working on the governance part of Atomic, Atomic and Governance are closely linked and Atomic heavily relies on a solid voting platform. Also the core team had their weekly meeting and discussed some important design changes that will influence the whole project, it will improve security and scalability of the system.
SyphilessNOde Update
We see the light at then end of the tunnel with testing.. We're making sure to test as many potential use cases as we can to assure a smooth update.
When Systemnodes are released there will be a cut off point for the majority of the network to update (2 weeks).
This cut off point will be hard coded so make sure to update asap once the Systemnode update is released.
We expect to release Systemnodes before the development meeting in Amsterdam next Friday (Worst case is we release after the meeting)
SUPER MOON!
November 04, 2017, 01:53:35 PM
I come to meet teem!
When big meet?
Amsterdamn? I bring worm food.
Please ready throne for me!
When big meet?
Amsterdamn? I bring worm food.
Please ready throne for me!
November 04, 2017, 01:52:27 PM
Love crw. Big throne moon!
Devs are hung dudes!
You buy crw, big dick grow.
Soon be Ron Jeremy when own crw!
Devs are hung dudes!
You buy crw, big dick grow.
Soon be Ron Jeremy when own crw!
November 04, 2017, 01:47:41 PM
Why not market coin?
Coin suck monkey sac.
Dump all over invest.
No one know shit coin. Do big rlease!
Coin suck monkey sac.
Dump all over invest.
No one know shit coin. Do big rlease!
November 04, 2017, 01:47:07 PM
WHEN SIPHYLESS NODES COME?
How many coin need build node?
Node not build self?
Hire me dev node? Bug moon?
How many coin need build node?
Node not build self?
Hire me dev node? Bug moon?
November 04, 2017, 01:45:56 PM
CROWN DUMP!
WHAT HAPPEN DEV?
NO SUPER MOON?
WORM COIN BETTER CROWN!
WHAT HAPPEN DEV?
NO SUPER MOON?
WORM COIN BETTER CROWN!
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