Also, artificially raising the cost of full node...
Dash's "full nodes" cost no more than bitcoin's. i.e. ZERO.
Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 1697. (Read 9723973 times)
October 21, 2015, 03:49:12 PM
Dash's "full nodes" cost no more than bitcoin's. i.e. ZERO.
October 21, 2015, 03:48:51 PM
after overhead, a masternode earns approximately 15% or 150 dash per year.
so 10 masternodes would get me about 1500 dash per year?
Here the evolution of the % (theoretical) with MN number :
October 21, 2015, 03:44:46 PM
after overhead, a masternode earns approximately 15% or 150 dash per year.
so 10 masternodes would get me about 1500 dash per year?
Here the evolution of the % (theoretical) with MN number :
October 21, 2015, 03:42:22 PM
Here the evolution of the % (theoretical) with MN number :
Nice pun 
October 21, 2015, 03:41:21 PM
How much could I make running 10 MASTERNODES for one year?
15% after overhead, a masternode earns approximately 15% or 150 dash per year.
so 10 masternodes would get me about 1500 dash per year?
Here the evolution of the % (theoretical) with MN number :
Making some calculation with real revenue of last month my MN were more at ~17 / 18% than 15% per year.
October 21, 2015, 03:40:51 PM
DASH. Just flows off my lips perfectly. DASHHHHH. Love it
You're such a boring trolllllll!
Go make your advertising elsewhere!
October 21, 2015, 03:37:00 PM
I was thinking this morning about the differences between Satoshi's work and Evan's. Satoshi built on the work of HashCash and others, while Evan obviously built on the work of Satoshi. Both are brilliant and made (are making) extremely important contributions to the field:
Satoshi had the idea to use blockchains and proof of work to solve the Byzantine General's Problem. This made double-spends (the bane of all prior attempts at digital currency) impossible without the collusion of a majority of miners.
Evan built on this idea but went further, creating a two-tier network. He used this two-tier structure to solve the problem of sharding. Proof of work blockchains are necessarily slow and can only process relatively few transactions per second, because every node on the network has to process every transaction. Sharding solves this inefficiency by using quorums of masternodes to "lock" transactions while they wait to be put into a block. Evan has done it with InstantX, and is now working on making all transactions essentially InstantX by default.
Satoshi had the idea to use blockchains and proof of work to solve the Byzantine General's Problem. This made double-spends (the bane of all prior attempts at digital currency) impossible without the collusion of a majority of miners.
Evan built on this idea but went further, creating a two-tier network. He used this two-tier structure to solve the problem of sharding. Proof of work blockchains are necessarily slow and can only process relatively few transactions per second, because every node on the network has to process every transaction. Sharding solves this inefficiency by using quorums of masternodes to "lock" transactions while they wait to be put into a block. Evan has done it with InstantX, and is now working on making all transactions essentially InstantX by default.
To quote Peter Todd, InstantX is "a copy of GreenAddress in the same way a cargo cult's bamboo runway is a copy."
A "two-tier network" is a step backwards from Bitcoin's trust-free P2P system.
Why? Because trusted third parties (aka masternodes) are security holes, not features.
http://szabo.best.vwh.net/ttps.html
Also, artificially raising the cost of full node creation by 1000 DASH is an absolute disaster for decentralization.
http://www.truthcoin.info/blog/measuring-decentralization/
October 21, 2015, 03:35:44 PM
You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.
AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
Maybe they'll just forego all worries and dump all yearly budgeted military spending on buying dash?
So, 1,235,000 million?
Yeah, buy things not solve things!
Let's try to act overexcited as well.
http://www.usgovernmentrevenue.com/current_revenue
Think of the dank profits.
That would be amazing to get a fraction of that money incoming into DASH!
I'm not sure the "defense" contractors would be happy with that though. You never know, it might be possible to divert a small fraction without too much of a fuss.
October 21, 2015, 03:34:54 PM
Masternodes are what interests me the most about DASH...
How much could I make running 10 MASTERNODES for one year?
How much in DASH or btc ?
How much could I make running 10 MASTERNODES for one year?
How much in DASH or btc ?
15%
Please someone explain this
Number of Blocks per day = 576
Number of Masternodes = 3231
Block Reward = 45% (current estimate is roughly 3.34 DASH)
The math is: (576 x 3.34) / 3231 = .595 DASH per day per masternode
Then subtract operating costs. The complete latest and greatest lives here:
http://178.254.18.153/~pub/Dash/masternode_payments_stats.html
October 21, 2015, 03:24:29 PM
You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.
AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
Maybe they'll just forego all worries and dump all yearly budgeted military spending on buying dash?
So, 1,235,000 million?
Yeah, buy things not solve things!
Let's try to act overexcited as well.
http://www.usgovernmentrevenue.com/current_revenue
Think of the dank profits.
That would be amazing to get a fraction of that money incoming into DASH!
October 21, 2015, 03:21:09 PM
DASH. Just flows off my lips perfectly. DASHHHHH. Love it
October 21, 2015, 03:17:22 PM
You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.
AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
Maybe they'll just forego all worries and dump all yearly budgeted military spending on buying dash?
So, 1,235,000 million?
Yeah, buy things not solve things!
Let's try to act overexcited as well.
http://www.usgovernmentrevenue.com/current_revenue
Think of the dank profits.
October 21, 2015, 03:16:21 PM
You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.
AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
If the NSA is interested in attacking Dash, then yes, they could afford to. Likewise if a state-actor like the NSA was to attack Bitcoin, or PayPal, or frigging JP Morgan Chase Bank...not many institutions are safe from a well-funded state-actor. Cryptocurrency in general, and Dash in particular, are no exceptions.
October 21, 2015, 03:07:42 PM
You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.
AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
October 21, 2015, 03:05:03 PM
You would have to own a majority of masternodes in order to attack instant transaction locks. The cost of acquiring this many nodes (currently about 1.7 million DASH) would be prohibitive, as there is obviously not that much available for sale and even if there was, the price would skyrocket if anyone tried to obtain this much.
AnonyMint wants a system that is NSA/state-resistant (well who wouldn't?), and a system where the state with its limitless resources can buy/bribe most of the masternodes does not pass the criteria. Current holders could become filthy rich in the process but the end result would be a government controlled coin.
October 21, 2015, 03:03:54 PM
Masternodes are what interests me the most about DASH...
How much could I make running 10 MASTERNODES for one year?
How much in DASH or btc ?
How much could I make running 10 MASTERNODES for one year?
How much in DASH or btc ?
15%
Please someone explain this
Check http://178.254.18.153/~pub/Darkcoin/masternode_payments_stats.html for more info....
0.6 dash/day/MN
365*0.6 = 219 dash (optimistic version) - vps costs... - assuming the growing MN count it can be a bit lower....
October 21, 2015, 02:59:34 PM
How much could I make running 10 MASTERNODES for one year?
15% after overhead, a masternode earns approximately 15% or 150 dash per year.
so 10 masternodes would get me about 1500 dash per year?
Roughly yes. You also make enough to open a new masternodes too, adding additional income.
October 21, 2015, 02:59:05 PM
How much could I make running 10 MASTERNODES for one year?
15% after overhead, a masternode earns approximately 15% or 150 dash per year.
so 10 masternodes would get me about 1500 dash per year?
yes(you could set a new mn and earn 5% more)(10000x0.15)+(1000x(0.15/3))=1550
October 21, 2015, 02:58:19 PM
How much could I make running 10 MASTERNODES for one year?
15% after overhead, a masternode earns approximately 15% or 150 dash per year.
so 10 masternodes would get me about 1500 dash per year?
October 21, 2015, 02:56:41 PM
How much could I make running 10 MASTERNODES for one year?
15% after overhead, a masternode earns approximately 15% or 150 dash per year.
Which at the moment is close to 300 USD. Still a better interest generating tool than anything in the mainstream markets currently. The stability helps with that too. With 20 Mns that could get you 3650 DASH, 3 more masternodes, and it just compounds after that. That would be 8687 dollars a year at that rate.
I'm getting closer to 182 DASH a year per node.
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