I didn't get any 666NHZ for the 29th Sept. Is this normal?
The staking / bounty scripts are disabled right now while we are fixing an issue with the scripts taking so long for payouts, which was a result of them getting overloaded due to the 300% increase in nodes in the past week.
I will be providing a more technical update + solution soon.
Okay, thanks for the update on this.
these node bounties killing this coin. Everybody just dumping. someone has hundreds vps and that's not fear. we are investing but they are just dumping.
simple math: $3 monthly each vps and 100 vps gets daily 66600 NHZ, monthly 1.980.000 nhz avarage at 150 satoshi . total 2.97 btc minus $300 vps cost. Boom more than 2 btc profit. I'm not doing this shit because I do not want to kill this coin.
I see your logic on this one and agree. This is definitely something that needs to be reconsidered and sorted out, to avoid any future hiccups.
This was something I addressed in the roadmap. We will be constantly addressing this issue by monitoring the node network and price. We will be reducing the reward from 666 to 500 given the current price.
IMO, If you apply variable node rewards pegged to NHZ performance, it will simply not do. 100-150 should be the correct node reward amount. By keeping the reward price low (and fixed), we will avoid node holder dumps (which results to lower coin price) + any price manipulation (so node rewards increase/decrease).
In other words by keeping node rewards low&fixed = everyone will be working in increasing NHZ value (as it should) and everyone wins; node holders, investors etc. etc.
Thanks for providing a reason behind your suggestion of lowering it, rather than just saying a number!
I'll provide an update shortly on this.
Waiting for the update ... I remember that NHZ team approached node bounty issue in the last Road Map Ann.
Keep it going !
