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Topic: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes - page 83. (Read 209560 times)

member
Activity: 70
Merit: 10
It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes

https://coinmarketcap.com/drk_90.html

Yes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen.  



So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature.

Why are we now back to 220 Mio coins Huh

OC can replicate or not replicate is not important, what is important is that we come out with something logical, clear and attractive facts and numbers. I don't know if you notice but all coins are constantly adapting or correcting things to stay competitive.

Where is the problem with shortening things up ?

Your right I forgot to post an example of reducing coin cap. Sorry for the spacing this forum messes it up and it takes for ever to fix

Coins produced                PoS    PoS rewards        Masternodes       MN rewadrs
1   50000000              10%       5000000                 2%                1000000
2   56000000                 5%       2800000                1%                 560000
3   59360000                   2.5%       1484000               0.5%        296800
4   61140800                   2%       1222816              0.25%         152852
5   62516468                   2%          1250329.36      0.25%        156291.17
6   63923088.53             2%       1278461.7706      0.25%        159807.721325
7   65361358.021925      2%         1307227.1604385   0.25%   163403.395054813
8   66831988.5774183     2%      1336639.77154837   0.25%   167079.971443546
9   68335708.3204102   2%      1366714.1664082   0.25%   170839.270801026
10   69873261.7576195   2%      1397465.23515239   0.25%   174683.154394049
11   71445410.1471659   1.5%   1071681.15220749   0.25%   178613.525367915
12   72695704.8247413   1.5%   1090435.57237112   0.25%   181739.262061853
13   73967879.6591743   1.5%   1109518.19488761   0.25%   184919.699147936
14   75262317.5532098   1.5%   1128934.76329815   0.25%   188155.793883025
15   76579408.110391   1.5%   1148691.12165587   0.25%   191448.520275978
16   77919547.7523229   1.5%   1168793.21628484   0.25%   194798.869380807
17   79283139.8379885   1.5%   1189247.09756983   0.25%   198207.849594971
18   80670594.7851533   1.5%   1210058.9217773   0.25%   201676.486962883
19   82082330.1938935   1.5%   1231234.9529084   0.25%   205205.825484734
20   83518770.9722866   1.5%   1252781.5645843   0.25%   208796.927430716
21   84980349.4643016   1.5%   1274705.24196452   0.25%   212450.873660754
22   86467505.5799269   1.5%   1297012.5836989   0.25%   216168.763949817
23   87980686.9275756   1.5%   1319710.30391363   0.25%   219951.717318939
24   89520348.9488082   1.5%   1342805.23423212   0.25%   223800.87237202
25   91086955.0554123   1.5%   1366304.32583118   0.25%   227717.387638531
26   92680976.768882   1.5%   1390214.65153323   0.25%   231702.441922205
27   94302893.8623375   1.5%   1414543.40793506   0.25%   235757.234655844
28   95953194.5049284   1.5%   1439297.91757393   0.25%   239882.986262321
29   97632375.4087646   1.5%   1464485.63113147   0.25%   244080.938521912
30   99340941.978418   1.5%   1490114.12967627   0.25%   248352.354946045
31   101079408.46304   1.5%   1516191.1269456   0.25%   252698.521157601
32   102848298.111144   1.5%   1542724.47166715   0.25%   257120.745277859
33   104648143.328089   1.5%   1569722.14992133   0.25%   261620.358320221
34   106479485.83633   1.5%   1597192.28754495   0.25%   266198.714590825
35   108342876.838466   1.5%   1625143.15257699   0.25%   270857.192096165
36   110238877.183139   1.5%   1653583.15774709   0.25%   275597.192957848
37   112168057.533844   1.5%   1682520.86300766   0.25%   280420.14383461
38   114130998.540686   1.5%   1711964.97811029   0.25%   285327.496351716
39   116128291.015148   1.5%   1741924.36522722   0.25%   290320.727537871
40   118160536.107913   1.5%   1772408.0416187   0.25%   295401.340269783
41   120228345.489802   1.5%   1803425.18234703   0.25%   300570.863724505
42   122332341.535873   1.5%   1834985.1230381   0.25%   305830.853839683
43   124473157.512751   1.5%   1867097.36269127   0.25%   311182.893781878
44   126651437.769224   1.5%   1899771.56653836   0.25%   316628.594423061
45   128867837.930186   1.5%   1933017.56895279   0.25%   322169.594825464
46   131123025.093964   1.5%   1966845.37640946   0.25%   327807.56273491
member
Activity: 84
Merit: 10
I would like to not increase the cap. The alternative of decreasing the years slightly, leaving pos the same and taking the masternode rewards from the years.

   Coins produced            PoS          PoS rewards      Masternodes    MN rewadrs
1   50,000,000             20%          10000000                      2%            1000000
2   61,000,000             10%             6100000                      1%             610000
3   67,710,000             5%             3385500                   0.5%              338550
4   71,434,050            2.5%           1785851.25             0.25%         178585.125
5   73,398,486.375      2.5%           1834962.159           0.25%          183496.21593
6   75,416,944.7503    2.5%            1885423.618           0.25%        188542.36187
7   77,490,910.7309    2.5%            1937272.76827       0.25%        193727.27682
8   79,621,910.7760    2.5%           1990547.76940        0.25%        199054.77694
9   81,811,513.3223    2.5%           2045287.83305       0.25%        204528.78330
10   84,061,329.9387    2.5%         2101533.24846       0.25%        210153.32484

I think doubling those masternode rewards from the above 10% to a flat 20% and reducing the total years  instead of 46.

sr. member
Activity: 435
Merit: 250
And, what is with the opinion of Orangecoin, is he not talking anymore ?


still no any practical things being work out...




A lot of practical things are being worked out, but I would simply like his opinion about all the possible new specifications
legendary
Activity: 1190
Merit: 1000
Kaspa
we have a couple bids around 500 on kingcoiny Cheesy an awesome site so far, and it's even canadian!!

https://www.kingcoiny.com/index.php?page=trade&market=18#


thanks a lot dude! keep the good!

I almost forgot .15% fees instead of the .25%  on bittrex Wink
legendary
Activity: 1190
Merit: 1000
Kaspa
And, what is with the opinion of Orangecoin, is he not talking anymore ?


still no any practical things being work out...




lots of stuff being discussed, we want to be sure everything is best for the coin... the more input the better now, I'd rather them look at all the angles now and get it right the first time Wink
hero member
Activity: 910
Merit: 500
we have a couple bids around 500 on kingcoiny Cheesy an awesome site so far, and it's even canadian!!

https://www.kingcoiny.com/index.php?page=trade&market=18#


thanks a lot dude! keep the good!
hero member
Activity: 688
Merit: 500
And, what is with the opinion of Orangecoin, is he not talking anymore ?


still no any practical things being work out...


legendary
Activity: 1190
Merit: 1000
Kaspa
we have a couple bids around 500 on kingcoiny Cheesy an awesome site so far, and it's even canadian!!

https://www.kingcoiny.com/index.php?page=trade&market=18#
sr. member
Activity: 435
Merit: 250
And, what is with the opinion of Orangecoin, is he not talking anymore ?
sr. member
Activity: 435
Merit: 250
It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes

https://coinmarketcap.com/drk_90.html

Yes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen.  



So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature.

Why are we now back to 220 Mio coins Huh

OC can replicate or not replicate is not important, what is important is that we come out with something logical, clear and attractive facts and numbers. I don't know if you notice but all coins are constantly adapting or correcting things to stay competitive.

Where is the problem with shortening things up ?
hero member
Activity: 504
Merit: 500
It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes

https://coinmarketcap.com/drk_90.html

Yes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen.  



So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature.

Anyway I am for reducing of the total coin anmount. To raise it is a signal in the wrong direction. Wink

And masternodes should be  highly rewarded cause they bring OC the anon  Wink

These are my thoughts to the theme  Grin
hero member
Activity: 504
Merit: 500
ⓄⓇⒶⓃⒼⒺⒸⓄⒾⓃ


Don't forget to vote @ Cryptsy and Mintpal!
https://www.cryptsy.com/coinvotes
https://www.mintpal.com/voting
https://poloniex.com/coinRequest

Come on over to orangecoins.info/forum/ for the latest updates on everything Orange!
Stop by and check out the giveaways, Art contest with BIGGER OC prizes, bounties, OC paid referral program and more...! Smiley

We're on IRC! #orangecoindev

Do you have something to add to Orangecoin? A service or merchandise, perhaps?
Inquire with Orangecoin or myself!

Good time for a vote  Grin

Good time to grab a bounch of sweet OCs  Grin
legendary
Activity: 1190
Merit: 1000
Kaspa
what's with all the colour coins?

we're a delicious fruit packed with vitamin OC Wink
member
Activity: 70
Merit: 10
   Coins produced            PoS          PoS rewards      Masternodes    MN rewadrs
1   50,000,000             20%          10000000                      2%            1000000
2   61,000,000             10%             6100000                      1%             610000
3   67,710,000             5%             3385500                   0.5%              338550
4   71,434,050            2.5%           1785851.25             0.25%         178585.125
5   73,398,486.375      2.5%           1834962.159           0.25%          183496.21593
6   75,416,944.7503    2.5%            1885423.618           0.25%        188542.36187
7   77,490,910.7309    2.5%            1937272.76827       0.25%        193727.27682
8   79,621,910.7760    2.5%           1990547.76940        0.25%        199054.77694
9   81,811,513.3223    2.5%           2045287.83305       0.25%        204528.78330
10   84,061,329.9387    2.5%         2101533.24846       0.25%        210153.32484


This is what the first 10 years looks like, the only small thing I see is year 4 masternode reward is pretty low, However this may be ok. The thing with masternodes is the coins price raises with it or the node count drops to adjust. either way this may be ok.
hero member
Activity: 938
Merit: 1000
@halofirebtc
don't forget to vote guys n gals!
hero member
Activity: 938
Merit: 1000
@halofirebtc
ok, 30 million is an actual realized 15%. Could be a selling point, payout better than DRK?

Or go for 14 million for a realized 22 million, closer to the goal of 10%?
sr. member
Activity: 289
Merit: 250
Hi Devs,

Would it be possible to make a post on 3 different possible Masternodes specifications and then we make a vote  ?

Is this already in plan ?

I'd like to add my input on the numbers but I don't how much the devs are aiming for, for the masternodes payout. I'd assume they'd want 2% of the coin cap from their model. I'd go as far as 10-20% with a larger amount of OC required per Mnode, like 10k, but only if they choose options B or C of my scenarios. I haven't checked these numbers, Idk if they would work.

The fees/prices associated with the free year at amazon hosting AFTER the free year becomes like another electric bill. There are so many options to choose from, and have no idea how much data 1 Mnode would use. Need to know what data package we'd need (per operating system) to buy or if we could just re-sign up with a new account and get another free year. Is it contracted 1 free year for like a 5 year contract? Who's got experience with this who can answer?


It is the "t1.micro" which is free for the first year and then $60 for a 1 year term or $100 for a 3 year term

Perfect, thanks. Smiley
Does that manage only one node or multiple?

That well only manage 1 node but I'm still looking in to maximizing amazon's "Free" offer.

What I mean is it says

-750 hours of EC2 running Linux/Unix Micro instance usage
-750 hours of EC2 running Microsoft Windows Server Micro instance usage

So I want to see if we can get you guys a linux and a windows for free? Because if so then we will be able to have 2 for free, i can do this with code but not sure if Amazon means only 1 free either Linux OR Windows

I believe they mean a single instance, regardless of operating system. I haven't tested this but I have used EC2 a bit.
member
Activity: 70
Merit: 10
It's important to look at the only other coin using masternodes with Anon and how the masternodes effected their price when they went live. And they took 10% of the reward and shifted it to the masternodes

https://coinmarketcap.com/drk_90.html

Yes I know this is not us and its a different coin, I only bring it up to show what can happen when 10% of rewards where shifted to Masternode payouts. Because its the only other real example around, sometimes it good to look at others who have done it. As well as for us to guess what will happen when we do it and what could happen. 



So why are we trying to under-replicate? Do the entire 10% and add it to the coin cap. 220 million. or take 4-5 years off PoS. It still wont affect the price that much if we added 20 million over 46 years to the cap for a feature.


Are you saying do 10% of the reward and just add it to the cut the whole way down?

yr1   PoS 20%   MN 2%
yr2   PoS 10%   MN 1%
yr3   PoS 5%     MN 0.5%
Flat   PoS 2.5%  MN 0.25%

it's compounded interest so it adds about 30 million or we take 5 years off but its a good point 
hero member
Activity: 824
Merit: 501
Osmservices keeps being hacked away from me :-( th
Morning guys.

Just saying ive received my first stake this morning. Its a long time to wait the 14 days but worth it, 391 more oc's for me.
Keep with the good work team
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