Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 241. (Read 782370 times)

Hello, where to mining PIVX?

Well, there isn't a "direct" answer (in terms of $$ amount). The reason is multi-fold. First is as the value of a PIV goes up, so then would what a MN holder makes. Secondly, PIVX has implemented a "see-saw" mechanism of rewards.  Each block reward is split between Masternode Holder and Stake Holder (90% of the reward split between those two entities, 10% going to budge).  So, that 90% is split based on a ratio of MN to SH.  As the number of coins locked to masternodes goes above 41.5% of the total PIVX coin supply, the block reward amount will shift with more than 50% of the block reward going to staking nodes. This has the effect of making it less attractive to provision more masternodes as it has the potential to significantly lower its profitability compared to staking that has less upkeep cost.

CODE LOGIC WALKTHROUGH
The logic is intended to be simple as possible while being effective. This is to ensure its stability and to be able to easily determine its outcome and improve its logic if the need arises.
if (mNodeCoins <= (nMoneySupply * .01) && mNodeCoins > 0) {
               ret = blockValue * .90;
            }
The blockValue is the total number of coins per block. This value is multiplied by the variable ratio that is determined by the percentage of the masternode coins, (mNodeCoins) in relation to the total coin supply (nMoneySupply). The result ret value is the number of coins for the masternodes portion of the reward.
Above example shows the very first logic used to determine the highest masternode portion payout. You can see that if mNodecoins is less than or equal to 1% of the coin supply (nMoneySupply) and also greater than 0, the return block reward value for the masternode will be 90% of the PoS block (ret = blockValue * .90).
This logic continues for each increase in set percentages all the way until mNodeCoins is less than or equal to 99% of the coin supply.
else if (mNodeCoins <= (nMoneySupply * .99) && mNodeCoins > (nMoneySupply * .987)) {
                ret = blockValue * .05;
            }
Any mNodeCoins value that is beyond 99% of the total coin supply will return a fixed value equal to 1% of the blockValue. The expectation is that it should never come to this point but the logic is complete to cover all possible outcome.
else{
                ret = blockValue * .01;
   }
This Seesaw Reward Balance System algorithm initially started out with only 16 percentage steps; it has since been improved and now implements a total of 105 percentage steps to the variable seesaw algorithm that allows for a far more granular step amount.


SUMMARY
The Seesaw Reward Balance System that PIVX utilizes, provides numerous benefits over reward split methods used by the majority of masternode featuring Proof of Stake crypto-currencies.
It can indirectly affect the total count of masternodes in the network by varying its reward size to alter its profitability versus staking.

Promotes staking by increasing its reward payment portion when masternode count is high and thus maintaining a high level of network security.

Profitability of masternode is kept higher than staking as long as the masternode count remains below the equilibrium threshold. (Approx. 40% of coin supply)

Allows all coins owners to get rewarded for holding coins rather than just the masternode owners, hence resulting in a fairer and less centralized system


You can see a CURRENT snapshot of rewards based on all these factors (Ratio of MN/SH, current price, etc) here: http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

depends on mn amount (and staking too afaik)

you can find live up to date infos about ratio here:
http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

Please tell me:

How much masternode profit?

One of the hottest upcoming Coins atm. +1

Gratz

For the Pivx-Qt-Rpi-Wallet-v2.1.5.zip  pivxd daemon inside the ZIP file it says

bash: ./pivxd "cannot execute binary file: Exec format error"

this is after making it executable by: chmod +x pivxd

The Raspberry Pi - QT wallet works like a charm 

Yes - VERY active community growing in slack (282 users, up from <250 just a few days ago).  One of the amazing things to observe is the strength of the community focused on aspects outside of just making $$$. 

This community (and project/coin) has a lot going for it.

PS: @q327K091 it would be awesome to see you in slack!!

congrats to all.. great achievement also want to repeat that concept of master nodes is being verified by the market place in hundreds of thousands of dollars cross that hundreds of millions of $ as we speak

on the top we will be injecting military grade cryptographic library rest I personally need to jump into slack and follow discussion there it is very active

----

My gawd. I'm sure glad I was aggressive in my buying under 1000 sats!

Done!

59    PIVX PIVX    $3,014,974    $0.057676    52,274,513 PIVX    $33,469    19.99%    

we shall be breaching 3 mil market cap soon...  aaand we there and this before even advanced crypto algorithmic work

New Binaries are online, you can get them from the OP, or the Website (should be updated soon)

Rpi now has Static Qt binary..

s3v3n

I'm new to PIVX. Bought around 22k PIVX last night & another 8k PIVX just now to use for 3 future masternodes. I couldn't afford 1 Dash masternode now, let alone 3. (haha)  When I bought my last round of PIVX, I paid a bit more than the other night... but was also happy to know that it pushed price to ATH again. I also noticed PIVX was 6th in today's top 10 trending/gainers -https://coinmarketcap.com/gainers-losers/

Now that I've acquired all the PIVX I could afford for masternodes, I'm going to go mention PIVX at Polo & then maybe buy just a little bit more.

PIVX has a bright future... -jazen  

PIVX very strong $$
Good team work.
Everyday price up and up

view to behold.. on the threshold to break out , based on dash and dash is now @72$ a coin

and we here dont have to worry about POW (and this is much much better) X11 gives advantage to big farms (and they do)

is just dash you had to had 10 grand even months ago to have master node.. plus founders premined several millions.. not here! this is your last chance

brace yourselves!

ty

you can download my chain backup here (~1 hr old):

https://drive.google.com/open?id=0B_Egj11irGZyTGdOeHJnVENjUmM

(about 500MB i guess)

the link is valid for 1hr from now

http://slack.pivx.org/

Videos are being made i think. Can find out more in the slack tho. It's very active.

questions to PIVX Admins or anyone?  I just downloaded PIVX wallet for windows 7 64bit.  Open it, it says out of sync, and it also says 1 year 5 weeks behind.  How long does it take to sync?  my wireless speed is somewhere 18.5 Mbps.  is there a tutorial video on how to use the wallet? also is there a slack available?

ty