Topic: DZ's Darkcoin MasterNode Services for Full Node Owners: Min. 1K DRK. Batch2 OPEN - page 2. (Read 3227 times)

Please check my pers. email: Date: 2014-06-14 10:47:50
Subject: New Contact details: ( Then new contact name )
Full extent of my interest is outlined in that email.
Please reply to that email address. Thank you.
Regards

Sorry, just had my nose to the grindstone on 2 jobs. I missed the quantity and will check later this evening.

No worries though, thanks to Reddit you are the 2nd one in the Batch 1 Full Node Q behind Otoh's 2nd node (he's going to fully own the 2nd one). If you're ordering 3 or more nodes, you'll need to make some arrangement with a Cloud Provider such as Amazon, OVH, Dreamhost, & Digital Ocean, for example, and you'll need to allow me co-access to the account for admin and setup purposes.

Need to head to work work now. BBL 

Hi DZ
have you been receiving my pers. emails?
I've sent 3 or 4 emails to your pers. email address the last few days.
I've had one reply from you only, so now wondering if you are getting my emails?
In one, I outlined my position regarding MN 100% ownership and quantity I'm interested in.
Please reply to my pers. email address.
Regards
DRKsi

Q: What are the benefits of owning a MasterNode?
A: If you're unfamiliar with them, one awesome difference is the Proof of Stake algorithms being implemented in the coin's ecosystem. If you think about it: as long as ownership/management is kosher (or you're doing it yourself), partial and full node ownerships are great places to store DRK in cold storage you weren't going to spend anyway and then you get to earn interest on them. You can also remove the coins whenever you want so this 1000DRK is not a "sunk cost."

At this point the two main competing minting/reward systems for cryptocoins are PoW and PoS. Darkcoin essentially combines the best of both worlds and becomes both a Proof of Work and a Proof of Stake coin tomorrow: Work is represented by mining, like in the BTC realm. Earnings from Proof of Stake are offered via Masternodes, like forging in the NXT realm. Masternode owners receive 20%

Q: How does a Darkcoin Masternode compare to a Bitcoin or Scrypt miner?
A: Mining rigs have a short half life compared to other electronics. They consistently lose double digit percentages every month in both earning power and resale value. MasterNodes on the other hand, tend to rise in value and requires no exotic ASICs which will be obsolete in 6 months. They only require real or virtual servers, power, network connectivity, administration and security.

Also your stake can be removed at any time, and your access to your 1000DRK restored at any time, at loss of future node rewards. To earn coins in Darkcoin's ecosystem as a node owner, compared to a mining rig you don't have to permanently sink a large sum of money on a rapidly depreciating asset with depreciating earning power as time goes on, as we see with Bitcoin or Scrypt miners.

Q: How is setup handled/funded?
A: If you're only going to own one or two nodes I'll front the setup costs for you, like I'm doing for the Community Nodes in the related thread. If you're looking at setting up 3 or more nodes, please contact me to arrange this as we will need you to setup an account at a cloud provider AND authorize me to have access to this account for setup/administration purposes.

Q: How do I know what kind of server(s) to reserve if I'm doing 3 or more nodes?
A: Please contact me with your requirements to help you best decide. If you're running multiple nodes, you're obviously going to need a beefier server or even multiple servers. I will give you some options for you to decide about how to proceed.

Q: If I'm talking to a server provider about specs what should I tell them?
A: Just make sure to tell them that you need to have at least one CPU core or one vCPU per node you would like to have run. You'll also require at least 700MB of RAM per instance and one static IP per node. You can give them my email address to contact me to start the co-authorization process at: [email protected]

If you have a question not covered here or in the Partial Node thread please send me a PM or pose your question below if it's non-sensitive. If you have new information for the community about the implementation of cold storage, please leave that below too. Mahalo!

This thread is the Full Node offshoot of the related Community Node thread. 1000 DRK minimum is required for these full node setups. If you have less than 1000 DRK but would still like to participate in a node please keep an eye out in the near future for Batch 4 Community owned MasterNodes. Partial Nodes consist of 10-25% stakes at 100-250 DRK (temporarily closed to new reservations):

https://bitcointalksearch.org/topic/dyslexiczombeis-darkcoin-community-masternode-svcs-closed-nodes-2-4-5-refunds-626715

Five community nodes fully consisting of partial stakes will be launching with RC3. If you're interested in a full node, unless you already contacted me previously about this, only Batch 2 Full Node Reservations are currently open, as community response has been overwhelming for setup and management of Full Nodes by a forum vetted veteran IT Network Engineer.


FULL NODE RESERVATIONS

Batch 1 - Sold Out
Batch 2 - For a limited time: FREE SETUP by a veteran IT Network Engineer & DoD certified InfoSec Specialist. Taking reservations ONLY at this time (no firm ETA however)

Please state RESERVED below to reserve your spot in my Batch 2 Full Node Setup Queue or you can send me a PM if you wish to remain anonymous. It's first come, first served and Batch 1 of Full Nodes needs to clear entirely before Batch 2 launches.

This thread is also to share information about how clients can prep encrypted Full Node Darkcoin Wallets.


Q: What's a Darkcoin MasterNode?
A: From the Wiki: "Masternodes are network nodes, owned by the users of Darkcoin network. They perform the coin mixing service of DarkSend which anonymizes transactions. Users get rewarded with 20% of the mining output per block (without actually performing any mining themselves) through a "voting mechanism".

Masternodes require 1000 DRK to be set up as a negative incentive that disallows one party running or controlling too many of them.

In the future Masternodes, or the Masternode-payment system, could possibly be utilized for providing other kind of services, like blockchain hosting for thin-client functionality.

The masternode payment protocol will be implemented on the main Darkcoin network on May 24th June 20th, as Release Candidate status. For the time being over 100 masternodes operate on the Darkcoin network, however they are not receiving any payments."

Q: What's different about Full Nodes vs. Partial Nodes?
A: Full nodes have their 1000DRK wallet files controlled by the 100% stake owner. Thanks to RC3: I, the Network Engineer setting up your node, will not have access to the coins directly nor will I know your long, complex passphrase you use to encrypt your wallet(s). This tremendously reduces the risk to the full node owners stake funds by having the coins in controlled cold storage while still receiving the benefits of being a node operator.

Q: How does someone get started?
A: I'll contact you in the order you contacted me whether it's here, Reddit or on Darkcoin Talk. The placing in the Batch 1 Q is dependent upon the date/time you agreed to have me set up your Batch 1 Full Node.

You'll need to get or have your encrypted wallet file ready for me to associate it with your particular node. If you can have this done ahead of time, this will cut down setup time tremendously.

Q: What makes you qualified to run this service?
A: I'm a veteran Network Engineer who has worked at R&D labs, including a National Lab, for over 10 years. I'm comfortable both designing and working with new technology. In the last decade I have worked with tech products with TRL levels of 1-8 and I design custom, secure servers and/or networks for prototype systems for products with TRLs in the 3-7 range.

I've been an online electronics reseller taking advantage of arbitrage opportunities since 2003 with my wife on eBay: rainbowlady03. My first miners sold were 3 Jallys on eBay. I co-founded a large democratic Bitcoin Miners cooperative on the Group Buys forum and ordered 100TH+ of hashrate for community miners since last year (the only main issues are late or non-delivery/refund from HashFast and Bitmine). Since I've been active in the cryptoeconomy I do my best to defend my fellow miners and always have: https://bitcointalksearch.org/topic/in-response-to-tro-hashfast-accuses-me-of-never-buying-hf-gear-552830

You can also see how transparent I attempt to be with the requisition of these volume priced miners. Because you never know when a company like HashFast is going to call you a liar on their Twitter feed.