Topic: DyslexicZombei's Darkcoin Community MasterNode Svcs: CLOSED. Nodes 2 4 5 Refunds - page 15. (Read 27909 times)

One more thing: if you were planning on sending 1000DRK, please hold off and you can send me the remote secure wallet public access once RC3 makes the hot/cold wallet access available for your 1000DRK so that you don't have to send me the coins or give me private access to your 1000DRK in the first place.

As Scott mentioned this is more secure and should've been implemented this way in the first place, so am happy to see it now.

Hi,
thnx for the news...
However my DRKs are on cryptsy.. not sure if i can make messages when transfering dark.
Please advice how to proceed.
thnx

Batch 2 MN Deposit:

100 DRK for 10%
Kauai Bitcoin Club (Optional: include extra name if representing more than one person)
TrxID: 0fc98a444630af31a49cc6cbc282dccebc1a2770352cbc2b5046d7eeda1f11d4
Payout address: XoMwHrqSCqQGYXQjUyodGeju6bqtyDdnqJ



=====

Just made this deposit for the first 10% of the first Batch 2 MasterNode. Please follow this format for deposits. When the wallet address hits 1000DRK I'll know to get the next node ready and to log the ownerships of that particular node.

It's possible that there may be mixed B2/B3 nodes where 2 people might own half of it, and 5 people from Batch 3 own the other half in five 10% stakes.

At this point: any deposits made before or on the 18th *should* lead to a fully functional and hardened MasterNode when payments start in one week on the 20th. If you're a later signup/deposit you may have to wait for a Node to fully fill up before your Node begins operations.

Mahalo!

Awesome! Thanks Jesse, and Welcome Aboard!

I'm going to a different set up method because I've been getting slow response from some that had contacted me for earlier reservations. We're a week out from node payments starting. Batch 2/3 nodes will be set up on a first come, first served basis now. (Shouldn't be a big deal as long as deposits for partial stakes are made before the 18th)

Just make sure to update the thread with your Batch Number, Tx ID, stake amount, and a payout wallet address when making a deposit.

Updated OP:

Batch 2 DRK MN Waiting List (to be launched when team/funds complete and Batch 1 is stable) - CLOSED

5. jwuerz (Reddit)
6. Ozziecoin (Reddit)
7. RyanArr
8. Anon. Gentleman
9. Anon. Gentleman
10. 2dogs
11. Anon. Gentleman (d...7)
12. pyre

Batch 2 Deposit Address (Please leave Tx ID and amount in thread when making a stake deposit): XvJXGuqUBzdMxXjFJdX5fTzAXgxcpM5jWh

This waiting list closes June 18 9PM HST, in which case management fees double to 6% and service set up fees of 30DRK are incurred for setup fees.

Batch 3 Waiting List - (OPEN).
Batch 3 may be slotted in with Batch 2 Nodes in order to fill Batch 2 slots

13. Anon. Gentleman
14. RedditTooAddictive
15. JesseLivermore

Batch 3 Deposit Address (10 or 25% stakes, Please leave Tx ID and amount in thread when making a stake deposit): XucWymKo3MCmVvFwGW1SKBtNrshbmfBmpE

Please make sure to include extra DRK for the transmission fee (such as 0.01 DRK extra if sending from Cryptsy, for example) when making a stake deposit as well as a DRK payout address. Feel Free to PM me if you don't want this info to be public.

DyslexicZombei
I sent you a PM

Thanks for the latest update. I adjusted my free sign up period accordingly.

(Continued)

2. So that ~5.2% average monthly fee (could be more or less slightly as DRK value fluctuates) from the average example I mentioned, comes out of gross fees earned: DRK rewarded for being an operational node in the Darkcoin network.
3. You just have to sign up and provide a payout address for bimonthly payouts.
4. You can leave at any time...as long as you give a 3 days prior notice before leaving. This is so that we can find a replacement without having to move the original stake funds around (which would cause remaining team members to lose operational rewards).

At this point, since there's no automation for something like this, I'm hoping that there's only minimal movement out, as we're trying to build a service here that directly strengthens the DRK ecosystem, and allows more people access to the benefits (and risks) of owning and operating a MasterNode.

There's a 1.5% cash out fee taken from the stake funds for the leaving stake owner, as well as a 1.5% Entry Fee for a new stake owner who gets the benefit of an already working and hardened MasterNode. This Exit/Entrance fee is to discourage those with a short term mentality from getting involved.

I'm not here to help those with a day trader mentality that don't really believe that this coin has a future.

5. Server recovery is easy thanks to imaging. I'm not so easy to replace, and do recognize that I'm a single point of failure. As an occasional designer of systems and/or networks: I don't like single points of failure.

To that end: I was planning on encrypting and sending thomas_s. the keys and PWs for him to access should something happen to me, with recovery instructions so that the node can be turned off and the stake funds removed from Darkcoin's mempool. Getting involved with my services means that you understand that thomas_s. will be handling payouts and ownership changes, so the sharing of this key info is logical for emergency redundancy. This is a side project for him and we've worked well together for nearly a year.

Thanks for the questions. Hope that helped!

Hi Jesse,

I'll just answer these publicly so as not to repeat myself since there's confusion here and on Reddit, since this service is so new.

There's only two fees for all batches: a small management fee and a small hosting/operations fee of $12 per node per month which includes server rental(s), power, Antivirus, Firewall, and DDOS protection.

Batch 3 is open and if you save a spot in the queue by making to do a soft reservation below or via PM before 6/18 (the new date I'm setting as the moved up deadline for free setups). no deposit needed for a reservation, and you can remove yourself from list anytime.

Batch 3 management fees are 3% per month. The hosting/operations fee came out to 2.28% when I ran the numbers for a node averaging 1.152 DRK per day with the values provided in an earlier post to give you some idea of what these fees cost. There will be variability involved but if your node was the prototypical average node (and DRK is $15 to keep this variable constant for this example):

your average secured & hardened node in this subnetwork we're setting up, would have a total monthly all-inclusive fee percentage of about 5.28% per month.

This is still almost half of what DarkDice, the second group to offer node setup and management fee, will be charging at 10% total per month. They will also be giving some cut of player losses to node owners but you will have to be at peace with the notion of potentially directly enabling gambling addiction.

To give a fair comparison:

- I'll add that I have a much longer track record in the crypto economy having been a crypto miner seller since July of last year and the co-founder of what still appears to be the biggest public BTC miners co-op.
- at this point, have handled much more community funds without major incident: 1-2K BTC worth 105TH + ~650 DRK so far
- our team has already handled hundreds of K worth of refunds in multiple rounds when things occasionally fell apart due to mfg. delays (and when mfgs. finally gave back the funds used for ordering)
- Have the highest BTC talk trust ratings of any operators in the Darkcoin space; not even Evan or the Dev team have built up a trust rating here as high as the trust ratings for myself and thomas_s.
- designed and installed servers & networks in 3 world class labs
- am a veteran DoD certified IT Pro doing developmental R&D work for some of our country's cutting edge tech for over 10 years, with my prototypes operating in field tests around the country and the Pacific
- Have been vetted by John K. Escrow and have my real ID and/or work address known by: John, thomas_s., bobsag3, -Redacted-, philipma1957, jungle_dave, BeepBeep2, and a few others should anything happen to me.

that is really cool!
The excitement is rising

RC3 brought forward to June 20th.
https://darkcointalk.org/threads/rc3-hard-fork-on-june-20th.1241/#post-8076

I PMd this to Dyslexic but maybe one of you can answer?
With regards to doing a 10% share of a MN:
-you state many fees for each batch and I'm kind of confused by it now so could you tell me what the total monthly fee is for this 3rd batch?
-is that fee taken from the DRK node payments which accumulate over the course of the month or do I pay via credit card?
-what is required of me, besides agreeing to join and sending 100 DRK to join in?
-Am I locked into holding this 10% share for a certain amount of time? And what happens if some people want to redeem their share of the MN? Do you take their place or does that person have to find a new partner to replace them?
-what if something happens to you? Do you have disaster recovery steps in place to make sure all 'investors' get their DRK back?

If offline storage will be available, does this place less of a burden on providing security for the Masternode?

As I understand it, the worst a hacker would be able to do would be to disable the masternode. Definitely worth protecting against, but doesn't compare to losing DRK.

Thanks again for your work - looking forward to launch day 

Just one small detail, the 27/6 date is not fixed yet. Devs have only said late June in the official communication. One of them had said that maybe the 27th before that, but it maybe another day around the 27th.

Following

6/10 update 6/13 update: RC3 launch pushed back to 6/27 6/20 to thoroughly test upgrades and patches before public release. If you missed the news, MasterNode payouts go live on June 20th. Sign ups end on the 18th for free set ups. You must be signed up by this date to reserve a free setup but you must have your stake deposit in by the 18th to be guaranteed a spot in a live hardened node on the 20th.release. This is a good thing as the market tends to punish those who can't protect their own coins key variables & rules (double spending is an example of the abuse of the variables involved).

Devs are also adding the ability to hold the 1000DRK offsite (pref.in cold storage) which also reduces some of the incentive for trying to break into a MN.

With that in mind, since payments won't begin until the 27th 20th, we'll launch nodes at a slower pace which allows me to take even more time locking down security, which should be multi-layered and multi faceted, and requires constant attention as to the latest zero days and other cyber threats.

Also:

- since there's been another two week delay I'm now offering FREE MN setups for those that sign up before the 21st 18th. (This service will cost 15-30 DRK for nodes set up in July)

- By popular request: Batch 3 *will* include 10% stakes. That means you can now own 10% of the Node output by only using a 100 DRK stake! Operating and software protection fees are only $12 per node per month for a limited time.

Just state 'Reserved' below or send me a PM if you wish to remain anonymous. You can also still request stakes at multiples of 25% MN ownership.

Excellent! Many thanks, very glad to be a part of this.

Thank you, Scott. Unfortunately, I have to work all weekend. First time in a long time where I've had to work consecutive weekends. I jump on the forums in between backups or package installs on the server I'm working on.

Realistically: and this is dependent on whether promised DRK arrives - I won't have time to set up the next one until Tuesday. Additional nodes should be much easier to launch, but I don't want to rush out nodes without  making sure you're they're set properly.

My goal is that for whoever signed up and is still interested that I can get them in a node or two before payments start (on the 18th), so that we all hit the ground running.

Teams need to come together well, and in the next week I will be introducing people to their teammates so that contact can be made and consensus formed as to how they would like their protections set up and paid for (whether pre-paid or pay-as-you-go).

Great to see that you are making such good progress on this.

Do you have an ETA on batch 2 currently?

Thank you! I can't say enough that I wouldn't have gotten this far without community support and Otoh's buy in for the first node.

Once I feel comfortable with a roll out and management process I'm strongly considering making a future Batch with 100DRK ownership chunks (10%) in order to improve accessibility to more DRK holders.

Regarding potential returns: I was considering future plausible scenarios before considering whether to offer this service. Using the sample parameters you mentioned, If one were to run the numbers backwards on a hypothetical $15K loan of $15 DRK over 1 year with simple interest that comes out to about a **45%** annual interest rate!

http://www.csgnetwork.com/apr2calc.html

...and this doesn't take into account potential appreciation in value of Darkcoin itself over this time period. Some interesting food for thought for those considering setting up a MasterNode: you essentially get the benefits of making incredible interest on coins that one was likely planning to hold anyway.

The genius of the system Evan built is that Node operators are essentially next gen banking services where people can easily open their own "mini-Bank" franchise without all the massive barriers and regulations that would be necessary to open a brick n mortar fiat bank.

Lots of variability in the variables above. They are definitely not guarantees nor promises of future returns.