[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3014.

MasterMined710

legendary

Activity: 1182

Merit: 1000

Quote from: Triffin on February 12, 2015, 11:56:51 AM

Thanks guys ..

Is the 20% ( ish ) annual return from running a Master Node realistic ??

Triff ..

20% is realistic, i've been running masternodes for several months since the being and they have always averaged 15-20%.

anonymousxx1503

hero member

Activity: 532

Merit: 500

Getting the fork message on a client I just sent 1000+ DRK to from Bitfinex

How can I resolve it without losing coins?

child_harold

hero member

Activity: 812

Merit: 1000

Quote from: BrainShutdown on February 12, 2015, 12:41:19 PM

Quote from: child_harold on February 12, 2015, 12:34:51 PM

How long after receiving an InstantX payment can I spend THE SAME funds?

Do you want to try it?
Have a DRK wallet?

Not any more…

Using Coin Control in ur wallets should help determine the answer.
I assumed that respending required miner confirmation.
If this is not the case then MN's are perhaps generating their own tokens?

Answers please.

BrainShutdown

legendary

Activity: 1052

Merit: 1004

Quote from: child_harold on February 12, 2015, 12:34:51 PM

How long after receiving an InstantX payment can I spend THE SAME funds?

Do you want to try it?
Have a DRK wallet?

To answer you question, YES, you can spend THE SAME funds once it's confirmed by InstantX.

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: child_harold on February 12, 2015, 12:34:51 PM

p.s. Do MN's generate their own tokens?

No

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: Minotaur26 on February 12, 2015, 12:24:58 PM

Just one thing the minimum block reward is now 4.65 DRK, DRK minimum block reward decreases by 7% each year. And yes we are 37.5% for Masternodes, should go to 40% towards the end of February

Shooot! I totally forgot about that! Wink

Limx Dev

copper member

Activity: 2352

Merit: 1348

Quote from: tungfa on February 12, 2015, 10:16:25 AM

Any Germans around ??

Hier ein sehr gutes Interview mit vertoe!
Danke @Macno

Into the Dark - Interview mit einem Darkcoin Entwickler

http://bavaria-for-ron-paul.blogspot.de/2015/02/into-dark-interview-mit-einem-darkcoin.html

Grin

Danke

child_harold

hero member

Activity: 812

Merit: 1000

Quote from: JGCMiner on February 12, 2015, 09:25:09 AM

Quote from: traumschiff on February 12, 2015, 09:09:30 AM

Quote from: aleix on February 12, 2015, 09:07:47 AM

Quote from: traumschiff on February 12, 2015, 09:02:55 AM

Quote from: Minotaur26 on February 12, 2015, 08:44:05 AM

Quote from: child_harold on February 12, 2015, 08:34:21 AM

One question about InstantX please.

If I receive an InstantX payment can those InstantX funds received be spent immediately, or must a person wait for mining confirmations before being able to spend them?

So.

1. I have 0 DRK
2. somebody send me 10 by InstantX
3. How long must I wait to spend them or may i do so immediately after receiving them?

thansk

InstantX gives you immediate certainty of ownership, but you have to wait about 2 mins to spend the coins you received. This is important and a good practice because we still have an underlying Proof of Work network. Basically, the merchant has to wait 2 minutes to spend his coins but the customer can pay and leave the premises with his goods after 4 seconds. That is the beauty of the system.

Warning: ChildHarold is a known SDC shill, that has killed his own coin with his hype and immature behavior. He normally comes here to troll in a subtle way. I believe he is like 16 years old so please be understanding.

He asked a proper question that was discussed in the SDC thread (irc). You gave him a proper response and after it called him a shill and a troll.

That pretty much makes you the troll. Before calling me a shill also, I like both SDC and DRK, now you can implode in peace.

We have 4157 pages (more than a year) of experience dealing with trolls in our unmoderated thread.

Warnings like Minotaur did are very welcome here.

I was curious on the answer too.

Problem is, that is not really an interesting or even relevant question. Hence why it came off as a troll (maybe it indeed wasn't).

The WHOLE point of IX is to guarantee the receiver his/her coins without having to wait for the standard 3-6 confirmations to rule out a double spend. This guarantee is really only needed for point of sale situations as well as for sending coins to exchanges -- and in both of those cases the same coins are not likely to be spent again within 2 minutes.

IX was never really designed to offer an advantages in normal person to person transactions where a service is not expected upon receipt of the coins (I'll admit it is still cool to use even in that situation). In those type of transactions where you are sending coins between wallets or lending money to a friend there really nothing lost in waiting for a single confirmation per usual.

Edit: Actually, you CAN send the same input immediately after it is confirmed by IX. Hmmm, I don't remember it being like this on testnest. Oh, well even better. Grin

Could we get a confirmation of this fact please?
To the chap who spent immediately I'd ask "did u check coin control?"

+ @Minotaur26: u said 2 mins

What is the answer to my question please… eduffield?

How long after receiving an InstantX payment can I spend THE SAME funds?

Many Thanks

Dont call me out as a FUDster - this is a simple Q
I'd like the official response.

p.s. Do MN's generate their own tokens?

Minotaur26

legendary

Activity: 1092

Merit: 1000

Quote from: GhostPlayer on February 12, 2015, 12:17:53 PM

Masternode revenue calculation. (EDIT: are we at 37,5% already?)

There are 576 blocks mined per day. Each block rewards a minimum of 5 DRKs (probably will never go up)
Right now, MN's earn 35% of each block, so from those 5 DRKs = 3,25 go to miners + 1,75 to MN's

576 blocks per day, so each day (576*5 = 2880 * 0,35) = 1008 DRK for MN's.

There are currently around 1917 active masternodes according to QT (probably more, many people updating)

So 1008 DRK / 1917 MN = 0,582 DRK per node, per day... but you only get payed in blocks of 1,75 DRKs.
So you can expect (1,75 / 0,5852 ) one payment of 1,75 DRK every 2,99 days.

This is right now, but soon the MN cut will increase. So please feel free to recalculate these values based on number of active MN and the following roadmap

Just one thing the minimum block reward is now 4.65 DRK, DRK minimum block reward decreases by 7% each year. And yes we are 37.5% for Masternodes, should go to 40% towards the end of February

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Masternode revenue calculation. (EDIT: are we at 37,5% already?)

There are 576 blocks mined per day. Each block rewards a minimum of 5 DRKs (probably will never go up)
Right now, MN's earn 35% of each block, so from those 5 DRKs = 3,25 go to miners + 1,75 to MN's

576 blocks per day, so each day (576*5 = 2880 * 0,35) = 1008 DRK for MN's.

There are currently around 1917 active masternodes according to QT (probably more, many people updating)

So 1008 DRK / 1917 MN = 0,582 DRK per node, per day... but you only get payed in blocks of 1,75 DRKs.
So you can expect (1,75 / 0,5852 ) one payment of 1,75 DRK every 2,99 days.

This is right now, but soon the MN cut will increase. So please feel free to recalculate these values based on number of active MN and the following roadmap

Triffin

sr. member

Activity: 952

Merit: 251

Quote from: Minotaur26 on February 12, 2015, 12:04:00 PM

Quote from: Triffin on February 12, 2015, 11:56:51 AM

Thanks guys ..

Is the 20% ( ish ) annual return from running a Master Node realistic ??

I did a quick back of the envelope calculation and was under the impression
that a Master Node would "make" on average 0.25 DRK per day or about 9% per year ..
Do all Master Nodes make the same or is it a variable amount ??
Any advantage to the early adopters or is it a level playing field ??

Cost of entry certainly going UP as time goes on !!
That's a good thing Grin

Triff ..

The 20% annual return in DRK is realistic, the price of DRK/USD may fluctuate in the free market.

EDIT: This means that if DRK exchange rate increases in the same period you can even see a higher USD return and if it decreases your USD return may be lower but it will always be the same in DRK given the same number of Masternodes.

Remember the number of masternodes varies, so if the number of Masternodes increases given the same reward, the return changes.

Edit2: The reward for Masternodes will continue to increase for the next several months to compensate for a higher number of Masternodes, so I think the reward will remain stable for a while.

OK ..

I think I've got it ..

Is there a fixed amount or an upper limit of DRK that the Master Node owners are competing for ??
Or, to ask another way ..
What's the upper limit on the number of Master Nodes before the "reward" decreases
and are we anywhere near that number ??

Triff ..

EDIT:

Oblox, GhostPlayer, and Minotaur26 just answered my questions Grin

That was a very thorough tutorial ..
Thanks again guys ..

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: Triffin on February 12, 2015, 11:56:51 AM

Thanks guys ..

Is the 20% ( ish ) annual return from running a Master Node realistic ??

I did a quick back of the envelope calculation and was under the impression
that a Master Node would "make" on average 0.25 DRK per day or about 9% per year ..
Do all Master Nodes make the same or is it a variable amount ??
Any advantage to the early adopters or is it a level playing field ??

Cost of entry certainly going UP as time goes on !!
That's a good thing Grin

Triff ..

The block reward on average, per day, is 576x4.64 (the floor, could be higher with difficulty) = 2672.64/coins for masternodes and miners. Masternodes get an increasing monthly amount up to 60%, currently 37.5% with monthly moves of 2.5%. So 2672.64 x 37.5% = 1002.24 coins for masternodes. Then it's however many masternodes currently active and online. In this case, 1916 (but that number has been over 2100 before) so 1002.24 divided by 1916 = 0.52 DRK/day.

The frequency of payments is masternode count (1916 currently) divided by ideal blocks per day (576) = 3.32 days between payments. This also assumes enforcement is on, your masternode is functioning properly through the whole time and the masternode count doesn't increase or decrease.

vertoe

hero member

Activity: 518

Merit: 505

Quote from: Macno on February 12, 2015, 10:03:05 AM

Something for the german speaking audience, an interview I did with vertoe (thanks again for your time!!!):

http://bavaria-for-ron-paul.blogspot.de/2015/02/into-dark-interview-mit-einem-darkcoin.html

Thanks for the interview.

Genesis-Mining

sr. member

Activity: 430

Merit: 250

Quote from: Lebubar on February 12, 2015, 11:39:42 AM

Quote from: Genesis-Mining on February 12, 2015, 11:30:54 AM

Hey Guys,

It's great and exciting times for Darkcoin with the new instantX functionality and the features to come! As many of you know we from Genesis Mining are Darkcoin believers, running a lot of masternodes from the time they launched and also accepting it as payment from the first minute on.

We just want to give you guys heads up for the new improvements. You are doing a great job!

Your Genesis Mining Team

Hi,

Thanks for the encouragment.

Did you know when you'll open the X11 minig part on your site? (If it's always planned).

cheers,

Yes, we plan to launch it together with Project X or earlier. You can find the teaser trailer for this here:

https://www.youtube.com/watch?v=VsWOKaXDo3Q

Exciting times ahead!

Your Genesis Mining Team

winteriscoming5

newbie

Activity: 8

Merit: 0

https://i.imgur.com/atThb4s.gif

Minotaur26

legendary

Activity: 1092

Merit: 1000

Quote from: Triffin on February 12, 2015, 11:56:51 AM

Thanks guys ..

Is the 20% ( ish ) annual return from running a Master Node realistic ??

I did a quick back of the envelope calculation and was under the impression
that a Master Node would "make" on average 0.25 DRK per day or about 9% per year ..
Do all Master Nodes make the same or is it a variable amount ??
Any advantage to the early adopters or is it a level playing field ??

Cost of entry certainly going UP as time goes on !!
That's a good thing Grin

Triff ..

The 20% annual return in DRK is realistic, the price of DRK/USD may fluctuate in the free market.

EDIT: This means that if DRK exchange rate increases in the same period you can even see a higher USD return and if it decreases your USD return may be lower but it will always be the same in DRK given the same number of Masternodes.

Remember the number of masternodes varies, so if the number of Masternodes increases given the same reward, the return changes.

Edit2: The reward for Masternodes will continue to increase for the next several months to compensate for a higher number of Masternodes, so I think the reward will remain stable for a while.

Triffin

sr. member

Activity: 952

Merit: 251

Thanks guys ..

Is the 20% ( ish ) annual return from running a Master Node realistic ??

I did a quick back of the envelope calculation and was under the impression
that a Master Node would "make" on average 0.25 DRK per day or about 9% per year ..
Do all Master Nodes make the same or is it a variable amount ??
Any advantage to the early adopters or is it a level playing field ??

Cost of entry certainly going UP as time goes on !!
That's a good thing Grin

Triff ..

TanteStefana2

legendary

Activity: 1260

Merit: 1001

Quote from: tungfa on February 12, 2015, 11:13:55 AM

Quote from: Macno on February 12, 2015, 10:48:38 AM

Quote from: wozzek23 on February 12, 2015, 10:42:51 AM

Quote from: Macno on February 12, 2015, 10:03:05 AM

Something for the german speaking audience, an interview I did with vertoe (thanks again for your time!!!):

http://bavaria-for-ron-paul.blogspot.de/2015/02/into-dark-interview-mit-einem-darkcoin.html

There's also a Google translate for us ignorants

But if vertoe reads this, I wonder about this: "Das Ziel ist es möglichst viele Nutzer zu motivieren Masternodes zu betreiben," - how is it the Masternode upper limit participation set to 60%? Is this a feature of the network?

As of now, and I do not think all Masternodes are running (I see 1938 at the moment) the % of the all available coins that are in MNs is at 37.85%. (it was at 40% on February the 2nd, with 2082 MN running)

Curious...

He was talking about the reward payments, not the number of Masternodes.

Nice, I find it hard to believe that there hasn't been much published about DRK in German! We've gotta be 60% German on this thread! LOL

Hey Macno
great story !
good to talk to you on FB
Wink

GhostPlayer

legendary

Activity: 1092

Merit: 1000

HA!! No brainer. Masternode.

Only fixed expense is paying for the VPS provider. An expensive one will cost you around 5 bucks a month. You can liquidate the node instantly at any time.

I removed my sig, but if anyone interested I can setup, configure and teach you to manage a node. Totally trustless solution. No mad computer skills needed.

https://darkcointalk.org/threads/yidakees-helpdesk-masternode-setup-services-ghostplayer-on-bitcointalk.1633/

(hmm, think it may be time to re-sig myself)

BiteMyShinyMetalAss

hero member

Activity: 617

Merit: 509

Crypto Card - https://platinum.crypto.com/r/28cz7d

Quote from: Triffin on February 12, 2015, 11:48:15 AM

Got a couple of questions re: DRK

1) For an equivalent investment ( ~ $3200.00 ) which offers the higher return potential ??

Mining DRK via a pool ??
Running a Master Node ??

2) Does anyone offer Fractional interests in a Master Node ??

TIA ..

Triff ..

Masternode - no brainer! Not only you get 20% (ish) a year in DRK, but also your investment appreciates rather depriaciates!

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3014. (Read 9724017 times)