Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 113. (Read 782450 times)

Thanks for the excellent explanation!

I didn't read the white-paper but assumed already that the high reward had something to do with a low number of people staking. So when the number of people staking is low it can be more profitable to stake instead of running a master-node.

Are wallets (when they are online and staking) supporting the network in the same way as master-nodes do?

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html is correct. Note that the payment is only estimated for masternodes there, NOT for staking.
There's a reason for that.

Let me explain this with an example:

1: Let's assume (for ease of computation) we'd have exactly 1440 masternodes.

2: there are (on average) 1440 new PIVX blocks per day, each worth 5 PIV, minus 10% for the PIVX budget is 4.5 PIV per day for masternodes and stakers

3: from 1: and 2: it's pretty clear that on average each masternode gets one reward per day

4: the amount each masternode will get depends on PIVXs seesaw algorithm: if there are a lot of stakers and few masternodes, the masternodes get more, if there are lot's of masternodes and few stakers the stakers get more. Right now stakers get 2.16 PIV per block, masternodes 2.34 PIV

5: since we know the exact number of masternodes (here: 1440) and therefore the number of rewards they get per day (here: 1) we can exactly compute how much each masternode will get per day, 2.34 PIV in this example.

6: but, we don't know how may people are staking, and which amounts of their PIV are used for staking. If only ONE single person would be staking he would get 1440 * 2.16 PIV per day, if there are 1440 people who stake (assuming they stake with the same number of coins, which they don't) each one would get 1 * 2.16 PIV per day.


Easy to see that because we have 3 variables (number of people staking, amount used for staking from each, and the time the wallet actually IS online and staking) it's not possible to predict how much PIV each staker will get per day.

here you go:
https://github.com/PIVX-Project/PIVX/releases/download/v1.1.0.0/Windows.Setup.for.Darknet.Masternodes.pdf

the guide is for the darknet version (pre rebranding) but still works just replace darknet, dnet with pivx

cheer and stay purple all

https://pivxmasternode.org/masternode-setup/

Hey guys,

Where I can found the way to configure my wallet to become a master node on PIVX?

If you intend to browse with TBB it is unwise to also use the TBB Tor as a SOCKS proxy for other applications. You may actually be breaking / leaking both your TBB anonymity (when browsing) and the SOCKS applications anonymity (PIVX).

Instead you should install the Tor Expert Bundle and ensure that you proxify PIVX through that Tor SOCKS proxy separately. It is perfectly OK to use the TBB and the Expert Bundle on the same machine. They use different ports when configured correctly i.e. with 2 version of Tor running on the same machine.

Here is a link to the post I made recently on the Zcash forum in regards to using 'Zcash on Tor' ;
- https://forum.z.cash/t/set-up-guide-for-running-zcash-on-tor-ubuntu-debian-linux-desktop/18748

If you require actual privacy and anonymity when using PIVX and/or Tor then don't use MS Windows - period.

...

After some downtime of the pivxproxy.zone website (due to some issues with the hosting provider - hopefully resolved) the service is now back online. Although it's just an old-style basic https web proxy it provides some additional resources and marketing for the project.

My original (PIVX formally known as dnet) addnode=.onion's are now gone / offline. However, I continue to host the following PIVX addnode=.onion's to maintain my provision for the project;

addnode=s3v3n7xhqafg6sb7.onion
addnode=pivxvj7kcklujarx.onion
addnode=pivxrwvnsol7ijxj.onion

All 3 nodes are upgraded to the v2.3.0 release.

- https://forum.pivx.org/t/introducing-pivxproxy-zone/624/2

Thanks, now this will go up 

Info for all Noders:
You need to restart masternodes from controller wallet after updating to 2.3

update process on vultr (5 instance vps) like this:

cd ~/
wget https://github.com/PIVX-Project/PIVX/releases/download/v2.3.0/pivx-2.3.0-x86_64-linux-gnu.tar.gz
mkdir up
tar -vxzf pivx-2.3.0-x86_64-linux-gnu.tar.gz -C up
systemctl stop pivx_n1
systemctl stop pivx_n2
systemctl stop pivx_n3
systemctl stop pivx_n4
systemctl stop pivx_n5
cd /usr/local/bin/
mv pivxd pivxd_old
mv pivx-cli pivx-cli_old
mv pivx-tx pivx-tx_old
cp ~/up/pivx-2.3.0/bin/* /usr/local/bin/
chmod +x pivx*
cd ~/
systemctl restart pivx_n1
sleep 5
systemctl restart pivx_n2
sleep 5
systemctl restart pivx_n3
sleep 5
systemctl restart pivx_n4
sleep 5
systemctl restart pivx_n5
rm -R  ~/up
rm pivx-2.3.0-x86_64-linux-gnu.tar.gz

cheers and happy noding/staking

True, the reward is more than twice of what it should be, it can just be luck, I don't know.
Maybe it has something to do with the number of people actually staking.
I will stake for another month before setting up my MN, just to see what happens.

Makes me wonder why staking seem to be rewarded more frequently than expected.

I run my wallets on 2 small N3700 PC's located in my meter cupboard, drawing together about 15W.
They are on separate IP's, I only need some extra PIV to get 2 master-nodes running.  

Same over here, 10,000 PIV and made ~105 PIV staking in one month, so I think these numbers are correct.

That's a ~$200 reward in one month, not bad

I'm running my PIVX client on my VPS, together with other wallets and a Waves Node.

I've been staking 11000 PIV for 1 month and 3 days now and I made 127 PIV, this is in the same ballpark.

I'm thinking about getting another 9000 PIV and setting up two master-nodes, It's a pity that I didn't hear about PIV earlier because atm. one has to invest quite some money to get a master-node running.

Would the staking rewards be higher if we split the 6K into 6 X 1000 coin accounts in the same wallet ? I remember reading something like that for another staking coin.

Back in March, Jakiman said this in answer to the same question:


...and the PIVX website says this:


...and the Wikipedia article on CoinJoin is here: https://en.wikipedia.org/wiki/CoinJoin

Hope that helps.

Current MN reward is a bit higher than for staking, but even the staking reward is within the general ballpark for what Turing was reporting. Staking rewards are pretty random, and the 'correct' value would have been somewhere around ~35 PIV for staking 6K PIVX for a month. So yeah, guessing he just a had a lucky month. Chances are he'll have an unlucky one soon enough and things'll even out.

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

I'm pretty sure he is just lucky For example I had 2 days with a total of 6 rewards then the next 6 rewards took 2 weeks, it's just variance.

Just reposting for any who may have missed it....https://github.com/PIVX-Project/PIVX/releases

That's pretty lucky, I got about 30% less stake rewards over 3 months, there were periods when the rewards just stopped entirely for a week or even more.

Wow, I'm very happy

I'm staking 6000 PIV for almost 1 month now and made 66 PIV

That's $145 worth

from the release notes: