Topic: [PHR] Phore - 100% PoS 3.0 - Masternodes - Zerocoin - Governance No ICO/Premine - page 45. (Read 67705 times)

Exactly, and the team already built a centralized marketplace so it's extremely likely that they can. Nothing is certain in cryptos but this is as near as you get to certain.

If Phore ever does become its own decentralized, anonymous and encrypted marketplace then a few dollars per PHR is only the beginning

Ok I've asked on Discord.
I'm running many Linux Servers and on most of them I need absolutely no GUI. You are right, it uses much less resources and it's faster, further there's no need for a gui when you can access most of the programs with an Webinterface.

CodemanX, ask in the Discord masternode channel, you'll find help there I think from someone who knows.

Just curious, having not used a Linux based OS for 15 years, but whats the advantage of running minimal over GUI, is it merely to use less resources and reduce its footprint?

Phore is at a good masternode buying point today. If I didn't have all my money tied up in other rapidly declining alts, I'd definitely be adding today

I'm trying to setup a masternode on Ubuntu 16.04.3 minimal (without GUI).

I followed the manual but at "make" I get this error:


I think it's because of the minimal installation, do I really need gui to run a masternode?

Hi Moonshot.  Are you saying that we can have a masternode running AND staking with rewards in the same wallet at the same time?  Would I need to have STAKING=1 in the conf file to enable that, or just use Settings->Unlock Wallet [anonymisation and staking only]?

Have you thought about listing with stocks.exchange? They are relatively new, but have helped spring a lot of coins onto the map. Might be worth checking out.

i think this project is fantastic , they have a great road ahead of them and should be very successfukl if achieving their goals

Just voted

Thank you everyone that responded and thank you Moonshoot that's exactly what I was looking for ! I set it up last night no problem and after a few hours saw my first reward, now they are more frequent. I'm going to enable staking later today. Thanks !

Moonshot's description was pretty much spot on. The timing can be somewhat random, I've heard from more than a few people the first one takes a while, but after that you should be good.

When you set up a masternode, you lock 10,000 PHR in your wallet as "collateral". If you ever decide to stop running your masternode you can unlock the 10,000 PHR and do what you want with it. The masternode is a server with a static, public IP address that runs 24/7, and there are several cloud services that offer them for just about $5/month for hosting, including Vultr, Node-VPS, and AWS (AWS will even give you a free VPS for 1 year using EC2 free tier services).

Phore has published a guide on how to set it up, using Vultr as an example. Node-VPS is even simpler, offering them preconfigured for Phore, you just have to upload and download a few configuration details and set things up in your wallet, but last time I logged in they said there were no free nodes and they are in the process of deploying more servers. The setup process on AWS is very similar to the process for Vultr, but there are a few minor changes--if you know your way around Linux you should have no issue, I also outlined the changes in the process I had to make in the masternode channel of the Phore Discord (@Moonshot). There is also a member of the Phore Discord, @CallMeBaiter, who offers VPS hosting and can help set it up for you.

The masternode rewards (4.2 PHR) are paid out randomly, but they seem to come pretty regularly, right now about every 4 hours. There is normally some delay when you first set up the MN before you will see your first reward--the code specifies that the MN needs to be active for more than 8,000 seconds (a bit over two hours) before they are eligible. In practice, I've seen examples where it might take 10-12 hours before the first reward shows up, but after that they keep coming pretty regularly, although the randomness is there--I've had two rewards come in as close as 1 minute apart before. Once the rewards have 51 confirmations, they are available in your wallet to do as you wish with them, including staking them in your wallet for staking rewards if you keep your wallet online.

Does that help?

Mnrank.com listing for Phore is inaccurate, they have the rewards wrong (by a lot).

In summary, masternodes are computers that run a Phore wallet and secure the network transactions. They also have a governance functionality that allows mn holders to vote "yes" or "no" for proposals submitted by the community.

As for the rewards, you can check in real-time on http://mnrank.com and https://masternodes.pro how much Phore you can get everyday.
Right now, it's hovering around 26 Phr/day.

Hope this answered your questions.

Anyone here that can explain how does the Masternode rewards work ?

Is there any vesting time ? when shall I expect to see the first rewards flowing ? I'm very unfamiliar with MN's so any kind of explanation would help

Voted too, now we have 115 votes. I just heard yesterday from this project and I really like it, good luck to team & community.

" ...but will also count comments as votes for the time being."

I think it's worth leaving a quick comment too.

102 votes now anyway. Good job, this puts Phore ahead of bigger coins that have been under consideration for weeks.

I have voted as well. Good luck to us !

As many as possible. The more votes, the higher of a priority we become.