Topic: [ANN][OC] Orangecoin ★★ POS ★★ Anon Transactions ★★ Masternodes - page 89. (Read 209560 times)

Another thing, this clearly re-arranges the economics of the coin, no matter what scenario. Here are the scenarios.
A: take the MN payouts from the original specs which hurts every investors PoS returns.
B: shorten the time period of PoS minting to, say, 40 years, which the 6 years of minting would be released faster into circulation but everyone still gets what the original specs stated for investors. The actual coins/time period would reflect the MN payout schedule of 2% so it might not even be 6 years, it would be less. 2% of 200 million is 4 million coins, and it isn't enough.
C: add the MN payouts to the total coin cap, for total cap 204 million coins. Still isn't enough... increase cap to 220 million over 46 years and devote the 20 million to the MN

B and C are less detrimental to the investors, and the model might be why price is suffering. 2000 OC is not very much per node and the price would have to rise substantially for the interest earned plus profits to make $5 per month to cover fees. People were buying large amounts to cover the requirements, and now that requirements are so low, ppl are selling large amounts.

Since this affects all OC holders, it should be decided in a vote, not centralized around the 2 devs working on this. The whole point of MN is decentralizing the nodes and anon comes from that. Not trying to start trouble, but I'm here for the community as well.

Also, my numbers are just thrown out there as examples, not based on any calculations.

Afterthought: cutting the 2.5% pos after year 5 down to 1-1.5% has reduced income earned for stakers by 50%. It's 4% for 2% on 20%.

Just bought 17K OrangeCoins. Do the same as long as they are cheap.

Yes this chart was just showing how we came up with the numbers. The reason "E" was said to be a % was because "E" is going to take a % away from the PoS reward.

Yes only 11 months left, we are still working through how to merge the masternode start times. We either start the masternodes 1 month (depending when) behind. Or we add the 100k Orangcoins, the masternodes would have made in the first month to the final amount of coins.

Other thing I'd like to bring up is there is ~11 months left to 20% PoS and only ~8.9 million OC left to mint for year 1.

thanks to your beautiful community !! Hope see you there

Thanks for adding us!

Very Nice. Posting around.

Would you like some vitamine?
Orangecoin has been added on Kingcoiny > https://www.kingcoiny.com/index.php?page=trade&market=18

Happy trading!

Hello Orangecoin,

When is the announcement being made ? Is there any wallet update release today ?

Just voted for OC on Cryptsy. 

I like Chris would be interested in being a masternode.

Re servers and hiring for masternodes anymore info regarding this at appropriate time would be usefull.

so sounds like you have interest from folk being involved. so staking my interest too.

 

The full installation instructions will be released just prior to the code being released. Remember once the code is in the client we would have to wait a certain period to enable these nodes.

It is recommended to install them on servers which are up 24/7.

The amount masternodes is limited by the amount of coins in circulation.

We will give the full instructions on how to set up and enable a masternodes when code is 100% finalized.


Not recommended but yes you would need static ips.

There is no release date yet
As long as the server has more then 1 Static IP you can have as many nodes as Static IP's

Im really not tech savvy to be fair however I really like Orangecoin and I would like to set up a masternode if its possible with my meagre setup.

If I had my home machine turned on wallet open could I theoretically become a masternode. I have the oranges so that's no issue.

Thanks

just left a little request to reserve some nodes if there's a limited number of nodes I wannted to make sure I got my foot in the door

who long do I have to get ready ?

can I have multiple nodes on a single server?

I can confirm these are the proposed specifications.

2000 OC for a masternode.

Find out more at

https://orangecoins.info/wiki/Masternodes

I may be a little early posting this but the other Dev will be on shortly to confirm this.


When coming up with the requirements, we wanted to make sure that it was as balanced as possible. We used this model below to express different combinations and what they would look like.






So the big unknown was how many Masternodes "N" we would have at any given time. We wanted a number that seemed manageable, but also allowed for many to get involved. We also kept in mined that the total coins "H" would be held out of circulation. We didn't want this number to be too large, however wanted it to be big enough to keep the system stable. The amount we would be taking from PoS rewards "E" was something we took under much thought. We wanted Mosternodes to feel they could profit, without leaving PoS stakes to low. There will be some small cost to run a server, and we wanted the Masternodes to earn extra due to this cost. So when looking at Py and My, we needed to see a gap slightly in favor of the Masternodes.

Now we want to make sure everyone has the time to understand how to set up a Masternode Server before we release them. There will be more on this in the following days, however this will start the ball rolling.

It will need to have a Static IP with port 9999 open
- Amazon has the t1.micro (It's free for the first year and can be found here http://aws.amazon.com/ec2/pricing/)
- Digital Ocean has a small $5/month server (https://www.digitalocean.com/pricing/)
- Any Small server with Static IP will do

Like I said more info on this will come as we get closer to releasing the Masternodes

So Masternodes will require 2,000 OrangCoin each
Reward will be 2,739 OC/day (or 3.8OC/block) divided evenly by each Masternode

and the new rewards will look like this
yr1  PoS 18%  MN 2%
yr2  PoS 8.5% MN 1.5%
yr3  PoS 3.5% MN 1.5%
Flat PoS 1%    MN 1.5%
 

Hi,

is there a rough time when the details of the master nodes will be revealed?

And current state of ANON ?

Sorry if this has allready been announced. Didn't spot it.

Have been to the ballot box