Topic: [ANN][KMD][dPoW] Komodo - An Open, Composable Smart Chain Platform, Secured by B - page 143. (Read 1192053 times)

Isnt it 1000:1 VOTE/KMD?

I will flesh out your ~   with some actual numbers.

You can check out node mining with a CLI command that provides number of blocks the 64 nodes have mined out of the last 2000 mined.  I do this a lot.
Over November and December I logged the mining figures 25 times:

KMD / mth         blocks/ ave month     blocks/ 2000 blocks   
899.8199951   299.9399984            14.04166667            min
1829.010969   609.6703231            28.54166667           max
1536.719663   512.2                    23.98046875           ave
1574.017469   524.7                    24.5625                   median
195.99           65.33                      3.06                   stddev

You would want to back a NN operator like the one that runs node 41.
I have checked hundreds of times, it is how I check to see if my node is running well. 
Node 41 has only been below average 3x that I saw ever, and only 1 time with komodo down.  Mining is only one part of this job, and not really as important to NN operators as you may think.  KMD mining is nice to log, but notarization stats are paramount.  You have one job as an operator: notarization.  If you pick the right operator, they will be the one to focus on that.

Let's not discuss the min node, however you may back one of the minimum nodes if you assume we all average 1500.
Also vigilance will keep an operator's node out of elections, period,  I would call that a critical advantage.  I am vigilant, trust me you want vigilant.

I predict we'll go over 25 USD later this year myself, so around 10k per month by Xmas this year.

Payout ratio is where the majority of competition will be, plus who has good profile. If KMD's version of andreas antonopolous ran a node he'd get elected with zero payout to voters, but for less visible guys we can only go by what they offer.

This election will be cool, getting popcorn ready

Edit, I decided not to run this year, will try and bone up on Linux and think about 2019

I agree, notaries will be be professionally managed, @ 50USD the KMD marketcap is still only 5bil USD, and that yields 75K USD per month for each notary. I expect this by Q1 2019.

the '~' symbol means approximately bro, obviously if an operator falls asleep for a week and his node dies he'll earn less, but the system jl777 designed means every notary should earn "approx 1500 KMD" per month from here on, otherwise they wont get voted in a second time. Notary vigilance is definitely important at the margins, but it's not enough to give any one notary a significant advantage. I'm assuming the potential rewards from here on will mean the vast majority of nodes will have similar specs and be managed pretty well, and the pools will punish operators who run unreliable nodes. Too much money on the table now!

Some interesting game theory ahead, best strategy will be to spread votes around to even out the payouts.

It isn't preferential.  You get 1 VOTE per 1 KMD that you control the keys to, you send these VOTE tokens to one notary candidate address in each region.

 
regarding the statement  "All 30 notaries still get ~1500 KMD" :

This is false,  notary mining is dependent on several things.  If the operator is inattentive the node will go down and you will get 0 KMD for how ever long the node is down.  I check on network health at least weekly,  often there are nodes that are offline.  
You will do better backing a dedicated operator who is focused on maximizing uptime, and server located at a reliable FAST connection.

But in a perfect world with perfect NN operators, you are right, pick the node with the least amount of votes and get a bigger slice of the pie.

Is the election first past the post, or preferential?

If most candidates offer VOTER payouts the system of voting is important to know. If the system is 'first past the post', then VOTERS of most popular candidates will get a smaller payout for their VOTE.

E.g. assume results of election result something like this,

1. 6.50%
2. 5.85%
3. 4.95%
.
.
.
28. 1.10%
29. 0.95%
30. 0.50%

All 30 notaries still get ~1500 KMD per month, and obviously the best payout will be for notary 30. who divides his profit only for 0.5% of KMD, whereas position 1. shares his profit with a much bigger VOTER base of 6.50%.

Best payout will be for the bottom candidates who just scrape over the line, not the top guy with excess VOTES above a quota.

Preferential voting system would mean every candidate basically gets the similar sized VOTES.

Well I can see some Notary candidates are beginning to campaign , perhaps we need the full list of the names that are qualified to be elected . Hope to participate in this election to fortify the ecosystem of Komodo.

Yeah and even if you backed out the meteoric rise from BTC and focused specifically on the BTC price ratio, you're up quite a bit from the ICO price.

Price went from .12 cents to 4.25 in a year    thats a 35.4x gain   100x if you sold when btc mooned.   BTC 1 year ago was 1100 and peaked at 18k now is at 9k.   so 9x now 17x if you sold at peak.

Quit talking out of your ass.

Yea me too, but good riddance to people like this.

Alright, I must admit... I got a big 'ol chuckle out of this.

I don't understand why people are just thinking about price? Price will eventually follow. Look at the commits on github.
https://cryptomiso.com/

They are actively adding new features and working relentlessly. I am sure price will follow. They are trying to solve a big problem with atomic swaps. For some people it can be just a technical term but with all those exit scams/hacks , people will follow decentralized exchanges and atomic swap is a good solution for this. I think this year will be good/exciting for kmd. Just keep working. There will be jerks always who don't appreciate but also, there will be people who support and see the growth of the project.

People think that cryptocurrencies are a miracle and from one day to another will multiply by 50.Don't be Sasha

It seems you are rather new to crypto if can't distinguish between shitcoins and real mccoy. Bye bye kid, better buy toffee

You sound like the person who got banned the other day from slack for being impertinent.

At beginning: sorry for my english.
Good question, I hold my KMDs half year but now I want to sell this shitcoin. I was all in, around 8k KMD coins on bittrex. People here exciting so much bcuz "KMD GROW IS GOOD/YEAR" - no, its not, price just follow BTC. Check other "SHITCOINS" and u will see same % of growth/year as KMD. They are doing "DOING" much work like they say in this project, they bla bla atomic swaps and many more but they forgot about PPL. Nobody using KMD, many ppl needs it maybe, admins dont care about adverts, they are living in this project by themselves, some friends around and little ppl from tweet/fb/this forum.

I can make 10 tons of GOLDEN shit in my garden at home, but who cares? Whats the point? Is it good? Its nice? Who cares if nobody comes to my garden? This is KOMODO.
I dont want tell u that price will never moon, maybe it cauld, maybe not.

Time for QQ defenders who will say:
THEY ARE DOING GOOD
THEY WORKING HARD
WE DID BLA BLA ATOMIC SWAP
WE HAVE MORE PPL !!!
WE BLA BLA, YOU KNOW NOTHING

* Price is moving bcuz of btc, they did milion things 2017 and it was maybe 20 % of price influence.

Bye KOMODO team, I hope you will atomic swap your ass with mouth.

How can i see all the notary candidates? How will i know who should i vote?

Has the block height been announced for receiving VOTE? Just trying to make sure I have my coins in my possession to have access.