Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 180. (Read 782370 times)

Someone else who understands will have to give you a technical explanation, but it literally means the stake wasn't accepted by the network--you don't get to keep those coins. I don't really understand why it happens, but it's occasionally happened with every PoS coin I've played with so it seems to be 'a PoS thing'. I have always found that my total staking rate stays right where it's supposed to be, though, so you aren't losing coins relative to what you should have. As far as I'm aware, there's nothing you can do to avoid this happening sometimes.

I'm not sure if this coin is profitable anymore.
PIVX had its run with VIDZ and made a good portfolio with the pair pumping right after each other. Since it been a while since that VIDZ pump began it's kind of risky to enter the PIVX trend.

it seems that i have 16 connection outbound max all the time..
for example at the moment i have 67 connections in the wallet
56 inbound and only 16 outbound...
is it normal ?

no, 1 ip for every masternode.
for example on vultr you get lots of ipv6 with any vps hosting plan & you can run about 5 masternodes instances with the server plan for 5$/month

ipv6 is your friend if you wanna run more than 1 node on a vps  

EleanorZ was faster i will just add a link here on off forum with a list of masternode hoster:
https://forum.pivx.org/t/list-of-vps-to-host-masternodes-by-fadisaaida/572

Not locally. Use an external VPS service and control all your MNs from a single local wallet. Lots of info at https://pivxmasternode.org/

Is it possible to run more than one masternode behind a single IP? If not, how do people run more than one masternode at a time?

With the caveat that you can't predict anything, and if you could we'd all be richer than we are, here are a couple of things to think about:

- PIVX is nearly 1.5 years old. Although most people only heard about it in the recent rise, it's been chugging along for a while now and a lot of the basic development and 'identity' is more mature than people think. That was a deliberate choice by the Devs: get the basics sorted out before making a push. Now that PIVX is in the public eye there are new growing pains, of course, especially around marketing (e.g., yesterday's coininterview interview), but the core is still more solid than most.

- The effect of masternodes can't be underestimated. ~40% of the total coin supply is locked in MNs, making actual supply a lot tighter than it seems. There is also a sizeable group of people who've been in since (near) the beginning, have seen the Devs' plan develop, trust that the coin is in good hands, and have no intention of selling any time soon. So, more than many coins, PIVX is buffered against extreme P&D.

- As someone who has been in for more than a year, the recent jump surprised me, not so much because of where the price ended up, but because it happened so suddenly. In my view PIVX has been undervalued for a long time, but I would have expected a slower, steadier rise. Given that the 'real' jumps should take place later, e.g. when zerocoin protocol (or another roadmap milestone) is implemented, I fully expected that the price would drop back significantly in the short term (I was expecting something in the $0.30-0.40 range). The fact that it hasn't underlines the two points above.

- It's now been several weeks since the rise, and there have been two main dumps over that time. Neither has gone especially far, and each time there has been a nice rebound. So, to answer your question, if I had to guess, I would expect us to keep bouncing around with a ceiling of $0.95 and a floor of maybe $0.60-0.70 for the next while (i.e., until there's a new development), but PIVX has surprised me enough so far that I wouldn't personally feel confident in trying to ride the pattern. So no, I wouldn't expect a true dump, but yes, I would expect some more ups and downs until the next major announcement.

...and you should take all of that with the same confidence you'd take any other opinion on the internet



 

This was most profitable coin for me among how many I bought or traded so far. I am fully in and waiting for another increase which needs to be backed with some updates and news. It is performing more than great by being at one of the top positions  on bittrex for several days.

Thanks,

My logic is that I try to understand the next lowest trade price to come. As people tend to trade for profit gains, price never stay frozen long time periods. That is natural capital movement in market.

I am new to alternatives of bitcoin and this masternode stuff looks quite complicated but cool

I still haven't even setup my MN.  Staking has been so great, I'm hesitant to even bother. 

this and i also don't understand the logic of Super Trade's post. at least this logic is illogical to me  (no offense @ Super Trade)

btw: from 52mio over 21 mio are locked for masternodes atm

btw2. i guess 2104 mn's is a new ath?!

have nice weekend all

In the finance world, that's referred to as the Gambler's/Monte Carlo Fallacy.  It's nearly impossible to tell in rational/far more efficient markets... in the crypto world, trying to game dips and time markets is additionally foolish.

http://www.investopedia.com/terms/g/gamblersfallacy.asp

I am now searching for POS coins and this looks intresting.
With 52 million coins in circulation it should dump couple more times before it will cross 1 $. Am I thinking right or not?

https://poloniex.com

what is polo

I hope the polo pump comes soon.

I'm hoping for that . Very soon will be $ 1 .

No problem. Be sure to check out Slack as well; that's where most of the community hangs out, so you'll be able to get quicker answers to any other questions there.

slack.pivx.org

Hi DRPD + EleanorZ! Thanks a lot to you both for taking your time and helping me answering my questions! PIVX has a really great community!

Echoing DRPD, the MN stats page gives you the expected reward rates right now, but of course you aren't paid right now; you're paid continuously into the future. So yes, your calculations are theoretically correct, but your actual payout will vary. As far as I know, there's no guaranteed payout frequency from staking, insofar as it's a random process based on stake weight, but it does seem to be around 1/day from 10K coins.

All else being equal there are usually more expenses in running a MN vs. staking, unless you're hosting a single MN locally. On the other hand, the payout is (usually) larger. As the number of MNs increases, their advantage decreases, so perhaps the best strategy, if you have 30K PIVX, is to have two MNs and another 10K staking, or one and 20K, just to ride both sides of the seesaw. Then again, the number of MNs does change; for example when the price goes up a bit, some people sell and the number of MNs goes down temporarily, making MNs more profitable again. So far in PIVX's history, MNs have always averaged higher returns than staking despite occasional periods like we're in right now where MN and stake rewards are basically the same. Of course, this might change as PIVX continues to grow.

For my own part I have nearly all my PIVX in MNs, but a big part of that is that it costs me 2 PIVX to host a MN for a month, and one MN makes almost 3x that in a single day. If it cost more to host, or if I had free power at home, the equation might change.