[ANN][NANAS] BananaBits - Home of the 1-Click Masternode! Scrypt NINJA - page 18.

AngelLox

sr. member

Activity: 466

Merit: 250

Quote from: bones261 on June 06, 2015, 12:19:41 PM

Quote from: AngelLox on June 06, 2015, 11:59:29 AM

Can someone explain me what is a masterenode (aka BananaTree?) and why would i want it?
Also will it eat up resources or is it just like staking?

Whenever someone stakes, if you have a masternode, a masternode is selected from all the masternodes and that masternode gets half the reward. Since there are less people with a masternode, you will get rewarded more often.
One of the extra resources that you will be using when your masternode is selected for a block is your cpu, which will do a procedure to the block data called coin mixing. The amount of the CPU use is minute. Probably will take your CPU less than a microsecond to do the calculations. Also, from time to time, your masternode may announce to the network it is still there by sending out a ping, which again uses minimal recources. Also, you still have the 5000 coins you reserve for the masternode and can opt to get out at anytime.
Also note, that in order for the masternode to be effective, you do have to run your wallet at all times and keep an internet connection. Unlike staking, you do not get weight by going offline and returning at a later time. Right now my wallet is using less than 1% of my CPU resources and only a little over 90k of ram.

I'm running an rpi2 with 3 wallets already, guess a fourth one doesn't make much difference. Though if setting up a masternode is so easy won't more people have one?

brian_nguyen

legendary

Activity: 1404

Merit: 1001

Many happy nana trees

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: HammyCoin on June 06, 2015, 12:33:04 PM

Quote from: bones261 on June 06, 2015, 12:19:41 PM

Quote from: AngelLox on June 06, 2015, 11:59:29 AM

Can someone explain me what is a masterenode (aka BananaTree?) and why would i want it?
Also will it eat up resources or is it just like staking?

Whenever someone stakes, if you have a masternode, a masternode is selected from all the masternodes and that masternode gets half the reward. Since there are less people with a masternode, you will get rewarded more often.
One of the extra resources that you will be using when your masternode is selected for a block is your cpu, which will do a procedure to the block data called coin mixing. The amount of the CPU use is minute. Probably will take your CPU less than a microsecond to do the calculations. Also, from time to time, your masternode may announce to the network it is still there by sending out a ping, which again uses minimal recources. Also, you still have the 5000 coins you reserve for the masternode and can opt to get out at anytime.
Also note, that in order for the masternode to be effective, you do have to run your wallet at all times and keep an internet connection. Unlike staking, you do not get weight by going offline and returning at a later time. Right now my wallet is using less than 1% of my CPU resources and only a little over 90k of ram.

This coin is DPOS so you don't really build weight, the weight of all mature coins = 1. If you are staking you need to run your wallet 24/7 to get your full share of rewards.

Thanks for the correction. You caught me improvising just so I can look smart. LOL

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: chickenfried12 on June 06, 2015, 12:42:09 PM

How Long does it take to get some Nanas after starting Node? Under My banana tree status it is blank...

In the past 12 hours, I hit on average about 2 an hour. However, my last hit took almost an hour and half and that was almost an hour ago. Could be bad luck on my part. But since I think the number of masternodes is not accurate in the wallet, there is no way of knowing what the estimated time is at the moment. (My wallet only lists 5 masternodes right now. But it must be more than that, or I would be extremely unlucky. Like several standard deviations below the mean unlucky.)

Edit :Per the blockexplorer, only 37 addresses have 5000 coins or more. So that would be the maximum number. Which confirms that my node has been unlucky as of late. 2 blocks per hour would be the most conservative guess.

chickenfried12

legendary

Activity: 1120

Merit: 1003

How Long does it take to get some Nanas after starting Node? Under My banana tree status it is blank...

HammyCoin

sr. member

Activity: 363

Merit: 250

Quote from: bones261 on June 06, 2015, 12:19:41 PM

Quote from: AngelLox on June 06, 2015, 11:59:29 AM

Can someone explain me what is a masterenode (aka BananaTree?) and why would i want it?
Also will it eat up resources or is it just like staking?

Whenever someone stakes, if you have a masternode, a masternode is selected from all the masternodes and that masternode gets half the reward. Since there are less people with a masternode, you will get rewarded more often.
One of the extra resources that you will be using when your masternode is selected for a block is your cpu, which will do a procedure to the block data called coin mixing. The amount of the CPU use is minute. Probably will take your CPU less than a microsecond to do the calculations. Also, from time to time, your masternode may announce to the network it is still there by sending out a ping, which again uses minimal recources. Also, you still have the 5000 coins you reserve for the masternode and can opt to get out at anytime.
Also note, that in order for the masternode to be effective, you do have to run your wallet at all times and keep an internet connection. Unlike staking, you do not get weight by going offline and returning at a later time. Right now my wallet is using less than 1% of my CPU resources and only a little over 90k of ram.

This coin is DPOS so you don't really build weight, the weight of all mature coins = 1. If you are staking you need to run your wallet 24/7 to get your full share of rewards.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: AngelLox on June 06, 2015, 11:59:29 AM

Can someone explain me what is a masterenode (aka BananaTree?) and why would i want it?
Also will it eat up resources or is it just like staking?

Whenever someone stakes, if you have a masternode, a masternode is selected from all the masternodes and that masternode gets half the reward. Since there are less people with a masternode, you will get rewarded more often.
One of the extra resources that you will be using when your masternode is selected for a block is your cpu, which will do a procedure to the block data called coin mixing. The amount of the CPU use is minute. Probably will take your CPU less than a microsecond to do the calculations. Also, from time to time, your masternode may announce to the network it is still there by sending out a ping, which again uses minimal recources. Also, you still have the 5000 coins you reserve for the masternode and can opt to get out at anytime.
Also note, that in order for the masternode to be effective, you do have to run your wallet at all times and keep an internet connection. Unlike staking, you do not get weight by going offline and returning at a later time. Right now my wallet is using less than 1% of my CPU resources and only a little over 90k of ram.

AngelLox

sr. member

Activity: 466

Merit: 250

Can someone explain me what is a masterenode (aka BananaTree?) and why would i want it?
Also will it eat up resources or is it just like staking?

clipman77

legendary

Activity: 1610

Merit: 1008

Quote from: BananaBits on June 05, 2015, 10:20:12 PM

Updated the 32-bit Windows wallet link for v1.1.1 as well. The Monkey Map coming out soon. Change course slightly, some zoos don't like apesinos. Bananagram service cut out the middle banana. Why pay a zookeeper.

Thank you for your work.

catotune

sr. member

Activity: 422

Merit: 250

Meow

Quote from: bones261 on June 06, 2015, 08:38:20 AM

Quote from: proletariat on June 06, 2015, 01:13:52 AM

Quote from: GreenDefender on June 06, 2015, 12:42:02 AM

hm, looks like BananaTrees are not active now ? Got a full 15 NANAS stake without halving and cant see any trees at wallet ...

on the console, type: masternode list

I typed that, and only got two nodes listed. I know that is not true since I am not hitting a block every two minutes. Not on my own chain since some coins made it to yobit fine. I guess the best way to guess how many banana trees there are is looking at the rich list on the block explorer.

I get that too - only one or two banana trees ever listed, but I'm getting my banana tree rewards, and my blockchain is legit.

Other than that complaint, this is a cool coin. I like the monkey theme and the one-click masternode setup is a great idea

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: proletariat on June 06, 2015, 01:13:52 AM

Quote from: GreenDefender on June 06, 2015, 12:42:02 AM

hm, looks like BananaTrees are not active now ? Got a full 15 NANAS stake without halving and cant see any trees at wallet ...

on the console, type: masternode list

I typed that, and only got two nodes listed. I know that is not true since I am not hitting a block every two minutes. Not on my own chain since some coins made it to yobit fine. I guess the best way to guess how many banana trees there are is looking at the rich list on the block explorer.

proletariat

legendary

Activity: 1246

Merit: 1005

Quote from: GreenDefender on June 06, 2015, 12:42:02 AM

hm, looks like BananaTrees are not active now ? Got a full 15 NANAS stake without halving and cant see any trees at wallet ...

on the console, type: masternode list

HammyCoin

sr. member

Activity: 363

Merit: 250

Quote from: GreenDefender on June 06, 2015, 12:42:02 AM

hm, looks like BananaTrees are not active now ? Got a full 15 NANAS stake without halving and cant see any trees at wallet ...

It might get orphaned...last hit on my Tree was only 9 minutes ago. Maybe it's possible for some stakes to slip through, MN technology isn't close to the level of refinement that proof-of-stake has.

GreenDefender

sr. member

Activity: 271

Merit: 250

hm, looks like BananaTrees are not active now ? Got a full 15 NANAS stake without halving and cant see any trees at wallet ...

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: noobtrader on June 05, 2015, 11:27:32 PM

Quote from: BananaBits on June 05, 2015, 10:20:12 PM

Updated the 32-bit Windows wallet link for v1.1.1 as well. The Monkey Map coming out soon. Change course slightly, some zoos don't like apesinos. Bananagram service cut out the middle banana. Why pay a zookeeper.

what would masternode do anyway apart of being cool and profitable ?
does it do instant tx, or make stealth tx or anything ?

From looking at the git, I see darksend.ccp & instanttx.cpp.

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: BananaBits on June 05, 2015, 10:20:12 PM

Updated the 32-bit Windows wallet link for v1.1.1 as well. The Monkey Map coming out soon. Change course slightly, some zoos don't like apesinos. Bananagram service cut out the middle banana. Why pay a zookeeper.

what would masternode do anyway apart of being cool and profitable ?
does it do instant tx, or make stealth tx or anything ?

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: BananaBits on June 05, 2015, 09:39:55 PM

I updated the 64-bit windows wallet link and the github. I'll rebuild the 32-bit windows wallet now. I updated the code so that when you start your wallet after doing the 1-click banana tree, it will auto-detect that and not start the stake miner, regardless of the staking setting in the .conf. Also after doing the 1-click banana tree, if you don't restart you wallet, the stake miner will also auto-detect the masternode and not stake to prevent staking the masternode coins. Should make it easier for everyone.

Oh darn. For a moment, when I saw the up arrow, I thought the new wallet would only prevent the masternode input from staking and let the rest of your inputs stake. Now that would be a cool feature. However, the fact that you don't need to create a conf file to shut off the staking is cool.

BananaBits

newbie

Activity: 56

Merit: 0

Updated the 32-bit Windows wallet link for v1.1.1 as well. The Monkey Map coming out soon. Change course slightly, some zoos don't like apesinos. Bananagram service cut out the middle banana. Why pay a zookeeper.

BananaBits

newbie

Activity: 56

Merit: 0

I updated the 64-bit windows wallet link and the github. I'll rebuild the 32-bit windows wallet now. I updated the code so that when you start your wallet after doing the 1-click banana tree, it will auto-detect that and not start the stake miner, regardless of the staking setting in the .conf. Also after doing the 1-click banana tree, if you don't restart you wallet, the stake miner will also auto-detect the masternode and not stake to prevent staking the masternode coins. Should make it easier for everyone.

proletariat

legendary

Activity: 1246

Merit: 1005

Quote from: brian_nguyen on June 05, 2015, 08:28:24 PM

Quote from: BananaBits on June 05, 2015, 08:11:54 PM

Quote from: jimlite on June 05, 2015, 08:09:28 PM

There is no reason I would have to touch or open any port in my router.
Masternode works (so obviously the port is fine) for 30 minutes to 3 hours,
then just stops working and needs restart. I have staking=0 in conf file,
so there is some bugs.

Are you on Windows? Are you sure the config file has .conf extension and not .txt?

Has been working fine on my end with no restarts and plenty of connections....

My masternode has been running fine for 4 hours without restarting with the port 31341 opened. Trust me, there were 12 masternodes and now we're down to 6.

its the individual client, sometimes it detects more than other clients etc. I think it might have something to do with your particular ISP.

I see 15 nodes right now. with an ec2 instance but on my local client i see less.

I think the only way to track how many there are is with with a block explorer that tracks masternodes like chainz or richlist.euro
like this https://chainz.cryptoid.info/crave/masternodes.dws
and this http://www.richlist.eu/crave/masternodes

**EDIT**
This is just an example but my crave wallet that's been running for weeks sees 7 masternodes when in reality there are 208

Topic: [ANN][NANAS] BananaBits - Home of the 1-Click Masternode! Scrypt NINJA - page 18. (Read 38139 times)