Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN - page 462. (Read 782382 times)

Dear developers

seeing some reverts in the codebase.. something to worry about ? or just work in progress which is fine and great!, because I am up and running with 16 servers with 0 problems  


https://github.com/Darknet-Crypto/Darknet/commit/4fd7c2d2f2aafa5319a56680236414378b71d672


and the inflationary reduction (as per time table above) is great also , seems like you gearing self to stick around for a long time as "S" envisioned   people just tend to forget about it.. this whole enterprise will run way past 2020  according to his vision

and of course 0 sell from me, I am part of your price support

okey dokey: just started 16th masternode , have a great remainder of the weekend!

Oh okay so the POS doesn't start till after block 259201 lol my bad and will my wallet just start staking after that without me having to do anything to it?

As I already stated. the PoS does not start until Block 259201. If you want to host a masternode, there are rewards issued once per minute.. Details are in the OP

In the Debug Console, type


If one/several are missing, type


or


You can also use


...but that may restart all your MNs and reset the payment schedule.

All of this is assuming that your MN is configured properly and that all wallets are on the current version. Borris123's guide should help you if there are any set-up issues. If your MNs continue to go missing, make sure the wallet versions are all the same, and make sure that the private keys and transaction IDs are correct. You can also try re-indexing your wallets. If they stay enabled for more than a few hours, you're probably good to go.

Why, such a big drop between year 1 and year 2? This imho a big put off for people who would like to buy now but know that the price is bound to go down for at least a few months more.

Year 1: 117,269,200
Year 2: 2,671,200

taking bathrobhero's suggestion into account, I like how the numbers look after the first year. They are not too low, but are low enough. What are your thoughts??

REWARDS REDUCE EVERY 7 DAYS: [10080 Blocks]

Year 1: 117,269,200
Year 2: 2,671,200
Year 3: 2,620,800
Year 4: 2,620,800
Year 5: 2,620,800

After 5 Years: Max Coin Supply: 143,355,080

First 6 months of PoS

250 - 2,520,000
240 - 2,419,200
230 - 2,318,400
220 - 2,217,600
210 - 2,116,800
200 - 2,016,000
190 - 1,915,200
180 - 1.814,400
170 - 1,713,600
160 - 1,612,800
150 - 1,512,000
140 - 1,411,200
130 - 1.310.400
120 - 1,209,600
110 - 1,118,800
100 - 1,008,000
90 - 907,200
80 - 806,400
70 - 705,600
60 - 604,800
50 - 504,000
40 - 403,200
30 - 302.400
20 - 201,600

Year 2:

10 - 100,800
5 - 50400 x 51 weeks

Year 3 +

5 - 50400 x 52 weeks

Can someone please help me out about the POS for this coin. Like do you only receive POS if you own a masternode or is there some way to turn the staking on? I just want some help cause I don't really know what I'm doing lol

Thanks, I am still waiting for my first payment and have been running for the last 32 hours or so.
Is there any way of checking, if my masternode is running properly.

Are all your wallets (MN + controller) on v. 1.0.2.1? I had that problem after updating, but eventually realized that the update hadn't worked properly on one of my MNs. Once I double-confirmed that all wallets were on the new version everything was fine.


For me, it was at least 3x/day/MN at first, but for the last few days it's been closer to 2x/day/MN. It takes around 24 hours (sometimes more) for the first payment to come in.


PoS doesn't start until block 259201, so we're only 1/3 of the way there. You can't stake until after that point. For now, the only ways to get DNET are by mining, running a MN, or buying on an exchange.

Masternode constantly disappear from the active list. What is the problem?

I have a simple question, how often do you get paid once you set up the masternode?

Can someone please help me out about the POS for this coin. Like do you only receive POS if you own a masternode or is there some way to turn the staking on? I just want some help cause I don't really know what I'm doing lol

ok, I will work the numbers, but you do realize that that requires drastic changes, which if I recall you were against not long ago.

taking bathrobhero's suggestion into account, I like how the numbers look after the first year. They are not too low, but are low enough. What are your thoughts??

REWARDS REDUCE EVERY 7 DAYS: [10080 Blocks]

Year 1: 117,269,200
Year 2: 2,671,200
Year 3: 2,620,800
Year 4: 2,620,800
Year 5: 2,620,800

After 5 Years: Max Coin Supply: 143,355,080

First 6 months of PoS

250 - 2,520,000
240 - 2,419,200
230 - 2,318,400
220 - 2,217,600
210 - 2,116,800
200 - 2,016,000
190 - 1,915,200
180 - 1.814,400
170 - 1,713,600
160 - 1,612,800
150 - 1,512,000
140 - 1,411,200
130 - 1.310.400
120 - 1,209,600
110 - 1,118,800
100 - 1,008,000
90 - 907,200
80 - 806,400
70 - 705,600
60 - 604,800
50 - 504,000
40 - 403,200
30 - 302.400
20 - 201,600

Year 2:

10 - 100,800
5 - 50400 x 51 weeks

Year 3 +

5 - 50400 x 52 weeks

Okay. I've thought this through much more now. I also don't like PoS much so here's my new idea.

As nothing is set concrete with DNET yet, can we just keep PoW for MUCH longer?
I don't think it's good to switch to PoS too early.
PoW really helps with distribution and setting a tangible price.

Just keep DNET as PoW but drop the reward rate lower gradually to stretch the PoW period for much longer.
So we are not cutting the coin supply. Just lenghtening PoW and delaying PoS until it is more established.

PoW Period Increase
- Start from block 126720 (which is 4 weeks from block 86400)
- 50:45:5 for MN:MINE:VOTE ratio. (Promotes more MN setup)
- PoW reward drop every 7 days (10080 block) until block 167041.

PoW Phase 1 = Block# 000001 to 126700 = 250 = 31,680,000 DNET
PoW Phase 2 = Block# 126721 to 136800 = 200 = 33,696,000 DNET
PoW Phase 3 = Block# 136801 to 146880 = 160 = 35,308,800 DNET
PoW Phase 4 = Block# 146881 to 156960 = 128 = 36,599,040 DNET
PoW Phase 5 = Block# 156961 to 167040 = 96 = 37,566,720 DNET
PoW Phase 6 = Block# 167041 to 592560 = 64 = 64,800,000 DNET (this last phase is 295.5 days long)

PoW ends at block 592560 then we can go into PoS. (We can decide reward later)
So we'll have nearly a year from now before going to PoS. (Approx. 353 days)

Let me know what you think. I really would prefer a longer PoW than worry about the PoS rate now while it's not even established.
Of course, if the above PoW drop is too quick for first 4 weeks, we could lengthen it but drop the last phase to a lower block reward. (e.g. 32)

taking bathrobhero's suggestion into account, I like how the numbers look after the first year. They are not too low, but are low enough. What are your thoughts??

REWARDS REDUCE EVERY 7 DAYS: [10080 Blocks]

Year 1: 117,269,200
Year 2: 2,671,200
Year 3: 2,620,800
Year 4: 2,620,800
Year 5: 2,620,800

After 5 Years: Max Coin Supply: 143,355,080

First 6 months of PoS

250 - 2,520,000
240 - 2,419,200
230 - 2,318,400
220 - 2,217,600
210 - 2,116,800
200 - 2,016,000
190 - 1,915,200
180 - 1.814,400
170 - 1,713,600
160 - 1,612,800
150 - 1,512,000
140 - 1,411,200
130 - 1.310.400
120 - 1,209,600
110 - 1,118,800
100 - 1,008,000
90 - 907,200
80 - 806,400
70 - 705,600
60 - 604,800
50 - 504,000
40 - 403,200
30 - 302.400
20 - 201,600

Year 2:

10 - 100,800
5 - 50400 x 51 weeks

Year 3 +

5 - 50400 x 52 weeks