[ANN][ZEN] Horizen: Unbounded By Design - page 206.

Temporel

full member

Activity: 224

Merit: 100

Quote from: jkirby19 on November 04, 2017, 03:14:39 AM

Quote from: dex1 on November 04, 2017, 03:11:23 AM

Quote from: jkirby19 on November 04, 2017, 02:21:56 AM

So i now that secure nodes program is still in testing, but how many zencash tokens would one get as a reward of having set up one secure node?

There was a calculator on this site http://zen.lebre.net/, but i doesn't work anymore.

And even when it did work it showed insane numbers, if i put 1 secure nod, price od zen = 20$ and price of VPS =5$, it would say that i wil earn 741 zencash tokens or some other ridiculous number.

So the question is if i have one secure node when they start to function how much zencash would i get per month?

The calculator still works fine.
The number of nodes you're supposed to input is an estimation of all nodes that will be online.

No it doesn't work. And this answer mens nothing to me. Would you humor me and run the calculator(if it work) and simulate that you have 1 node, you pay 5$ VPS , and price od zen is 21$, how much zen would you get per month?

yes it works fine and you would get 15.12 zen with 500 nodes (currently on beta).

MedaR

legendary

Activity: 2380

Merit: 1026

Quote from: z0n0 on November 04, 2017, 08:03:23 AM

What happens if you run a node on my own PC, then PC restarts by some reason?

Quote

Earnings
An earning period is based upon block time. It is the amount of time between 576 blocks which is approximately 24 hours. When an earning period ends each active node is checked and any node with exceptions or downtime causing the node to be available less than 92% of the earning period is excluded from the earnings pool. A node with greater than 92% availability but with some downtime or exceptions will have the amount of time subtracted from their allocation. These small subtractions help offset the fees incurred with making the payments.

A payment administrator on a weekly basis reviews the earnings to ensure they were generated correctly and marks them to be paid.

Coins are then transferred to a payment address and the payment is made. No funds are stored on the server. This process may be automated at a later time.

https://devtracksys.secnodes.com/about

Be sure this doesn't happen too often, and you will be ok. Wink

z0n0

legendary

Activity: 1274

Merit: 1006

What happens if you run a node on my own PC, then PC restarts by some reason?

alan2here

hero member

Activity: 1778

Merit: 504

WorkAsPro

Very impressive about what ZenCash brings. I have had a lot of good profits from this altcoin and I always hope Zen will continue to grow to become one of the most worthy investment altcoin in 2018 because I bought a lot of Zen today.

MedaR

legendary

Activity: 2380

Merit: 1026

http://zen.lebre.net/ Works again!

MedaR

legendary

Activity: 2380

Merit: 1026

Quote from: anupans on November 04, 2017, 07:02:52 AM

Where I can find a secure node setup guide for vps ?

Use this instructions till then->https://blockoperations.com/build-zencash-secure-node-part-1-prepare-vps/
https://blockoperations.com/build-zencash-secure-node-part-2-build-zen-node/
https://blockoperations.com/build-zencash-secure-node-part-2-5-test-tls-secnodetracker/

ALL IN ONE->
https://blockoperations.com/how-to-build-and-operate-a-zencash-secure-node/

Discord #securenodes is perfect places if you are newbie and have no experience.
There you will find experienced members who already running and testing nodes.

anupans

newbie

Activity: 58

Merit: 0

Quote from: MedaR on November 04, 2017, 05:01:27 AM

Quote from: jkirby19 on November 04, 2017, 04:51:21 AM

So more nods the less money i get per node?

More nodes-> less ZEN in free circulation, greater demand -> better price.. Cool

We are in Beta testing and there are more than 500 nodes. Expect at least 10x more on mainnet.
https://securenodes.zensystem.io

It seems that many people are interested in setaping nodes Wink

Where I can find a secure node setup guide for vps ?

MedaR

legendary

Activity: 2380

Merit: 1026

Quote from: liviux on November 04, 2017, 05:48:22 AM

The problem that i found with this coin is that i can't understand it very well. Website is not beginner-friendly at all. From the ANN the same.
Of course being a privacy focused coin, etc, etc it's pretty complex and all, but i'm sure you can't grow if people don't understand the project. Anyway, good luck guys.

PS: this thread has less replays than a stupid airdrop

)) (irrelevant, just saying)

We are working on new web site which will be more user friendly. We are working on redesigning of announcing page here and other places. New logo coming.

Airdrops are easy money, their popularity won't last long. ZenCash is serious project, with serious development, Team and community expands, hashrate increases..

dex1

full member

Activity: 141

Merit: 116

Quote from: jkirby19 on November 04, 2017, 02:21:56 AM

...
No it doesn't work. And this answer mens nothing to me. Would you humor me and run the calculator(if it work) and simulate that you have 1 node, you pay 5$ VPS , and price od zen is 21$, how much zen would you get per month?

Yes it does.
As per your data entry AND assuming there is going to be 2000 nodes online:

or 5000 nodes online:

Hope you're now fully satisfied with me humoring you and running the calculator for you Roll Eyes

liviux

full member

Activity: 210

Merit: 112

The problem that i found with this coin is that i can't understand it very well. Website is not beginner-friendly at all. From the ANN the same.
Of course being a privacy focused coin, etc, etc it's pretty complex and all, but i'm sure you can't grow if people don't understand the project. Anyway, good luck guys.

PS: this thread has less replays than a stupid airdrop

)) (irrelevant, just saying)

mickaelsilver10

sr. member

Activity: 1288

Merit: 283

Your Data Belongs To You

the next step for the zencash project is the creation of a new logo and the implementation of the masters nodes

I hope this should happen in the next 2 or 3 weeks

MedaR

legendary

Activity: 2380

Merit: 1026

Quote from: jkirby19 on November 04, 2017, 05:33:22 AM

When will nodes come live, that is when will testing be over this year or the next, do you know that?

When our developers show us a green lights, nodes will go live without payment for a start. If everything passes good, payments will start, and this is it.
There is no exact date. It will happen soon Cool

jkirby19

newbie

Activity: 36

Merit: 0

Quote from: MedaR on November 04, 2017, 05:28:02 AM

42 coins are needed as a stake for nodes. 1000 nodes will lock 42000 coins immediately. Right now we have 205300 coins on Bittrex orders.

When nodes becomes profitable after testing, they will become more interesting, and number of nodes will increase significantly.

With greater demand, price will increase this is basic rule of market.

Really good thing is that 42 coins are cheap in comparison with other master nodes which require at least couple of thousands of dollars for a start if not more.

When will nodes come live, that is when will testing be over this year or the next, do you know that?

MedaR

legendary

Activity: 2380

Merit: 1026

42 coins are needed as a stake for nodes. 1000 nodes will lock 42000 coins immediately. Right now we have 205300 coins on Bittrex orders.

When nodes becomes profitable after testing, they will become more interesting, and number of nodes will increase significantly.

With greater demand, price will increase this is basic rule of market.

Really good thing is that 42 coins are cheap in comparison with other master nodes which require at least couple of thousands of dollars for a start if not more.

jkirby19

newbie

Activity: 36

Merit: 0

Quote from: MedaR on November 04, 2017, 05:01:27 AM

Quote from: jkirby19 on November 04, 2017, 04:51:21 AM

So more nods the less money i get per node?

More nodes-> less ZEN in free circulation, greater demand -> better price.. Cool

So lets say there are 1000 nodes and I have I secure node. I will receive 7,560 zen cash per month that is calculated in today prices = 160 $, if the number of node rise to 2000 i will receive 3,78 zen per node. Now to receive equal amount of USD(160) as previous month the zen price would have to be 42 $ which is double or even more if i want to receive more.

Now it that happens zencash will probably get in top 20 or top 30 on cryptocurrency market cap. Is this realistic to happen.

Or better question yet do you have any idea or prediction how much secure nodes will there be when they will be put in action?

MedaR

legendary

Activity: 2380

Merit: 1026

Quote from: jkirby19 on November 04, 2017, 04:51:21 AM

So more nods the less money i get per node?

More nodes-> less ZEN in free circulation, greater demand -> better price.. Cool

We are in Beta testing and there are more than 500 nodes. Expect at least 10x more on mainnet.
https://securenodes.zensystem.io

It seems that many people are interested in setaping nodes Wink

jkirby19

newbie

Activity: 36

Merit: 0

Quote from: MedaR on November 04, 2017, 04:11:06 AM

Quote from: jkirby19 on November 04, 2017, 02:21:56 AM

So i now that secure nodes program is still in testing, but how many zencash tokens would one get as a reward of having set up one secure node?

There was a calculator on this site http://zen.lebre.net/, but i doesn't work anymore.

And even when it did work it showed insane numbers, if i put 1 secure nod, price od zen = 20$ and price of VPS =5$, it would say that i wil earn 741 zencash tokens or some other ridiculous number.

So the question is if i have one secure node when they start to function how much zencash would i get per month?

- Network through mining produces 216000 ZEN / per month
- Division of each PoW block: 3.5% Secure Nodes reward - > 7560 ZEN for this purpos monthly.

How this number (7560 ZEN) is going to be shared depends on how many nodes will be set up. Each node if qualified, will get equal share.

- Monthly cost per VPS is approximately 5$ per node.

- Zen price https://coinmarketcap.com/currencies/zencash/

Now you can do your own math. Cool

So more nods the less money i get per node?

MedaR

legendary

Activity: 2380

Merit: 1026

Quote from: qiman on November 04, 2017, 03:04:13 AM

It will be nice to buy a few ZENS for the portfolio.I am looking into it. CAN ANYONE TELL me for example how ZEN is comparable to other privacy coins and why I should buy ZEN? I would like to own at least one privacy coin in my portfolio so what do you think ZENCASH has that is better than the rest? I am just looking at a healthy entry point to buy in as it has been recently pumped so want to wait a little while. I am thinking to buy between 200-400 ZEN as a long term bag hold.

Encrypted and Resilient Network

-Secure Nodes will improve network security - Whole communication is encrypted and secured with secure nodes, which is not the case with typical master nodes who are vulnerable, and can be compromised in certain cases.
Secure nodes are profitabil too and 3.5% from every block is reserved as reward for nodes.

Funding for Viability and Growth

- Ongoing funding of the treasury to pay for development,marketing, and partnerships.

Governece model

-Governance with participation by all people involved in making ZenCash work.

Read more here->
ZenCash Overview and Highlights for Investment Professionals
https://blog.zensystem.io/wp-content/uploads/2017/08/ZenCash-Overview-for-Investment-Professionals-v2.pdf

Read this for better understanding of Secure Nodes->
ZenCash Secure Nodes Create a Distributed and Reliable CryptoCurrency System
https://blog.zensystem.io/secure-nodes-why-are-they-important/

MedaR

legendary

Activity: 2380

Merit: 1026

Quote from: jkirby19 on November 04, 2017, 02:21:56 AM

So i now that secure nodes program is still in testing, but how many zencash tokens would one get as a reward of having set up one secure node?

There was a calculator on this site http://zen.lebre.net/, but i doesn't work anymore.

And even when it did work it showed insane numbers, if i put 1 secure nod, price od zen = 20$ and price of VPS =5$, it would say that i wil earn 741 zencash tokens or some other ridiculous number.

So the question is if i have one secure node when they start to function how much zencash would i get per month?

- Network through mining produces 216000 ZEN / per month
- Division of each PoW block: 3.5% Secure Nodes reward - > 7560 ZEN for this purpos monthly.

How this number (7560 ZEN) is going to be shared depends on how many nodes will be set up. Each node if qualified, will get equal share.

- Monthly cost per VPS is approximately 5$ per node.

- Zen price https://coinmarketcap.com/currencies/zencash/

Now you can do your own math. Cool

Quote

calculator on this site http://zen.lebre.net/

I will check what is going on with this calculator.

jkirby19

newbie

Activity: 36

Merit: 0

Quote from: dex1 on November 04, 2017, 03:11:23 AM

Quote from: jkirby19 on November 04, 2017, 02:21:56 AM

So i now that secure nodes program is still in testing, but how many zencash tokens would one get as a reward of having set up one secure node?

There was a calculator on this site http://zen.lebre.net/, but i doesn't work anymore.

And even when it did work it showed insane numbers, if i put 1 secure nod, price od zen = 20$ and price of VPS =5$, it would say that i wil earn 741 zencash tokens or some other ridiculous number.

So the question is if i have one secure node when they start to function how much zencash would i get per month?

The calculator still works fine.
The number of nodes you're supposed to input is an estimation of all nodes that will be online.

No it doesn't work. And this answer mens nothing to me. Would you humor me and run the calculator(if it work) and simulate that you have 1 node, you pay 5$ VPS , and price od zen is 21$, how much zen would you get per month?

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