Topic: [ANN][DRIP][POS][MN] Now offering masternode monitoring and hosting services - page 11. (Read 5925 times)

It's time for another funding update. Just over 98% of our funds received to date has been transferred to Bitcoin. Based on current market value of the other ~2%, our current funding stands at 1.199316886 BTC.

We have 74,060 coins left from the premine funds that were allocated to miner distributions. The distribution to miners today was 8,579. At it's current rate, we'll have enough coins to last us until Friday 15th. We'll provide a further update closer to the time as number of coins mined can fluctuate dramatically.

The reason we haven't achieved the 2 BTC target we set out for is that RVN dropped signficantly against Bitcoin over the past few weeks and we didn't change the ratio of DRIP to RVN (and actually increased the LUX ratio to 125-1).

That being said, fundraising is still a success. Our initial 2 BTC goal included a 10% buffer which, as it turns out, wasn't enough. However, we've already raised enough for CryptoBridge and masternodes.online. The further 0.1 BTC required for masternodes.pro should be reached towards the end of this week and next week will begin funding for the second exchange listing.

Today's payouts are complete. They were made at block 29,758 via the following transaction:

http://explorer.dripcoin.tech/tx/fd33a6aef412fe04244c54608fd432e0de7478cfd6ef6a9921e2cab4c8d83fe7

As always, new miners are always welcome so please feel free to contact us if you'd like to join. We are now just 9 days from the increase in block rewards and the end of mining.

We've just responded to all private messages on Discord requesting RVN and LUX addresses to which to mine. If you require a RVN or LUX address, feel free to contact us via private message - either here or on Discord. 

The roadmap section of our website has been updated:

https://www.dripcoin.tech/roadmap/

Fell free to contact us here, or on Discord, if you have any questions or concerns.

For those of you querying input sizes for staking, the ideal size constantly evolves. However, if you look at the block explorer within the wallet, you'll see what size of input won each blocks staking reward.

Just select 'Tools > Blockchain Explorer'. For each block, you will see a transaction that has a certain sized input with an output that is equal to that amount plus 9 extra DRIP. This is the input that won the staking reward for that block.

For example, I can see that the size of the inputs for the last 15 blocks' stake reward winners was 418/905/779/363/644/409/445/1068/445/754/914/126/90/463/1068. With this information, personally, I'd probably choose an input size of 400-450.

We are down to the final 9 days of mining. There's still plenty time to request a RVN or LUX address from the DRIP team so that you can mine and earn some DRIP to use for staking - with modest returns on staking for the next 9 days and significant returns for the following months.

Discussions have been initiated with CryptoBridge and a listing is imminent.  

Todays payouts are complete. They were made at block 28,409 via the following transaction:

http://explorer.dripcoin.tech/tx/3d9aed5ae11ddc7bc5a92861997a7955e649fdb9a65983919475e725fda8bbd3

As always, new miners are always welcome so please feel free to contact us if you'd like to join. We are now just 10 days from the increase in block rewards.

We are down to the final 10 days of mining. There's still plenty time to request a RVN or LUX address from the DRIP team so that you can mine and earn some DRIP to use for staking - with modest returns on staking for the next 10 days and significant returns for the following months.

Here is the new wallet look-and-feel that has just been posted on Discord for some community discussion. The overall theme has been changed from green to blue and the logo has been changed to that provided by coinwiz, one of our community members. The design has not been finalized as the community can still opt for one of the alternative designs.

Todays payouts are complete. They were made at block 26,890 via the following transaction:

http://explorer.dripcoin.tech/tx/5aebd3b1f5177a6a3ae7950b2ef203a66449d8dd8fed49b02ec32d99726f64b7

As always, new miners are always welcome so please feel free to contact us if you'd like to join. We are now just 11 days from the increase in block rewards.

Thanks Maverik93 

Hi, I joined in your forum. Let we know about your proposals. Time by time.

A forum has been added to https://www.dripcoin.tech/ under the resources tab. There's no real need to join just yet as the primary purpose that the forum will serve is discussion of proposals put forward for masternode voting. With this in mind, forum activity will be low to start with and will grow as the masternode count grows.

Some great news let do it! I like this project.

Thanks Maverik93, some interesting times ahead 

CryptoBridge listing should be complete by next week (as we're not using their triple-priced fasttrack service). The masternodes listings websites should have us shortly after that - we'll be paying their fees very shortly after we've been listed on CryptoBridge.

Wow, waiting for launch in Cryptobridge exchange

Current funding via mining stands at 1.051403823 Bitcoin. In other words, we're done with CryptoBridge funding and just over 25% of the way through masternodes.online funding. I expect masternodes.online to be fully funded towards the middle of next week.

Todays payouts are complete. They were made at block 25,451 via the following transaction:

http://explorer.dripcoin.tech/tx/c74b676c1314406f112d068049451744fb7e4b29aa5d7669da6a97a84f92f716

As always, new miners are always welcome so please feel free to contact us if you'd like to join. We are now just 12 days from the increase in block rewards.

For those of you unfamiliar with DRIP, we are using an alternative approach to the 'masternode sale' approach used by many coins.

A typical 'masternode sale' coin has an early sale of masternodes and, as a result, 85%+ of the coins remain in the hands of masternode investors from day 1. This is usually around 6 people and, in a lot of cases, the developers run off with funds raised before even paying for an exchange listing - or resort to listing on very poor quality exchanges where they, together with masternode investors, proceed with a co-ordinated dump of the coin before moving onto the next.

DRIP is different. We are not looking to raise as much bitcoin as possible as quickly as possible. We are looking to be truly decentralized and this requires a fair distribution of coins. The DRIP approach is to raise enough for listing fees needed to start off our coin - and no more. It is done using an approach that fairly distributes the coins among a wider audience. Instead of potential coin owners paying us bitcoin or mining our coins directly, they mine LUX or RVN and this, instead of masternode investors, funds our listing fees.

Our intention is to end up with approximately 200 miners mining RVN or LUX to DRIP-owned addresses by the time our funding round ends in a little under 2 weeks. These miners are currently receiving DRIP on a daily basis at a rate of 1.7 RVN = 1 DRIP or 1 LUX = 125 DRIP. They are also staking the coins and earning significant rewards.

If you'd like to join in, contact us privately with a DRIP address and we'll provide you with a linked RVN or LUX address to which you can mine using a pool of your choice.

As per the subject of this topic, our exchange listing fee is within hours of being fully funded (we're avoiding smaller exchanges and intend to start with CryptoBridge). The risk faced by our earliest miners of this goal not being achieved is a distant memory. When we're exchange listed, our miner funding program will stop. At that point, DRIP will be available on the exchange and Proof of Stake rewards will be increasing (at block 43,200).

FUNDRAISING UPDATE

As mentioned last Sunday, our expectation was to hit the CryptoBridge listing fee by tomorrow and we've currently raised 0.985662303 BTC - so we're on track.

It's a little over 13 days until we hit the next phase in our rewards structure. As some may be aware, CryptoBridge offer fast and slow listings and we're going for the slower, 1 BTC, version. We will engage in initial discussions with CryptoBridge throughout next week with a view to paying the listing fee by end of week or early next week. That should see us listed at around the same time as rewards increase.

It'll also give us time to raise further listing fees - we'll surpass the CryptoBridge listing fee tomorrow and continue onward on our journey towards masternodes website listing fees and the fee for a backup exchange.