Topic: 💥SOLARIS XLR💥100% PoS + Masternodes ⚡Zerocoin⚡txbit.io in development - page 88. (Read 309009 times)

Really, vella?
Will Solaris owners be able to earn three types of rewards simultaneously, from stakers, MN and txbit.
Personally, I guess they can earn rewards from two types: staking and operating MN. That means they have to choose between staking their coins in their own wallets, or staking their coins in txbit.io exchange.
Am I right, vella?

I'm not too worried even if the MN reward does go down because if most people are smart they will also stake and earn more Solaris coins. I know by staking we'll have to leave our wallets open and unlocked but we can earn a lot more rewards over the long term staking and MN. Then when txbit is launched we can earn 3 rewards from txbit, MN and staking. Its a win win situation for us all with Solaris.

No it's definitely a total of 2XLR per block at the moment, you can check that by looking at the explorer, So out of that 2 XLR 45% goes to a MN (which is 0.9XLR) and 45% to the miners (another 0.9XLR) with the other 10% available for the budget system (0.2XLR) although I don't believe that's being used at the moment so they split that between the miners and MN holder so they get another 0.1XLR each making 1 each.

sounds about the best explanation so far

I think the 1 XLR at a time payouts you see at the moment are actually accumulated rewards paid 1 XLR at a time, but I may be wrong.

Thus: 0.9 XLR per block is currently distributed 45% to PoW miners and 45% to MN holders, thus for MN 0.9x0.45/701 (there are about 701 MN holders now). So each block adds a bit up to your reward which is paid out when it reaches 1 XLR

And when PoS starts its first phase, the MN will get say 1x0.45/701 instead for each block.

Don't see how it can be more as at the moment the MN earn 1 XLR by themselves, When it changes to PoS it's going to be 1 XLR but that's between MN and PoS so with the stakes as well it will be going down.
It's not all bad news tho as 1) people holding will now be able to earn by staking and 2) instead of 2 coins every block it's changing to just one so if the demand stays the same then the price would be more likely to go up.

As I understand it will effectively increase slightly as currently we have 0.9 XLR per block distributed 45% PoW, 45% MN, 10% Budgeting system, but when PoS start it will be 1 XLR (initially), and I think in the PoS list below the 90% will be more than 45% for MN and less than 45% PoS staking as I remember the dev saying something to that effect sometime ago (MN will earn more than stakers). Perhaps dev can give some clarity ?

From first page:

PoW Rewards Breakdown:
[block’s            2-43200] 20% MN (0.4 XLR)    / 80% MINER (1.6 XLR)
[block’s   43201-151200] 20% MN (0.4 XLR)    / 70% MINER (1.4 XLR)  / 10% Available to the budget system (0.20 XLR)
[block’s 151201-259200] 45% MN (0.9 XLR) / 45% MINER (0.9 XLR) / 10% Available to the budget system (0.2 XLR)

PoS Rewards Breakdown:
PoS Phase 1: [blocks 259201-302399] 1 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 2: [blocks 302400-345599] 0.95 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 3: [blocks 345600-388799] 0.90 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 4: [blocks 388800-431999] 0.85 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 5: [blocks 432000-475199] 0.80 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 6: [blocks 475200-518399] 0.75 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 7: [blocks 518400-561599] 0.70 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 8: [blocks 561600-604799] 0.75 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase 9: [blocks 604800-647999] 0.70 XLR (90% distributed to staker and masternode - 10% available to budget system)
PoS Phase X: [blocks 648000-Infinite] 0.25 XLR (90% distributed to staker and masternode - 10% available to budget system)

would this also result in reduction of MN reward? i mean average reward MN is getting now VS average reward after switching from POW to POS?

Correct PoW+MN becomes PoS+MN round about 15/4 I think.

It's going to be impossible to mine this is a few days, right?

I'm thinking of the last few weeks as a good dollar average chance, and trying to avoid the thought 'slow bleed'

Why can't the rest of the market leave us alone..

It would be great to hear more details about this aspect as well as about the whole project txbit.io

The Orphan at x17 somehow stole my shares! 3 hours mining for nothing on you prop pool!    

https://umine.org/?address=DMmEWoV7J3oGXj5WfYU5jeWVh8ra9LuzTU


Bug?!

Dont forget that Masternode owners will participate on the Profits of txbit.io
which is unprecedent and can be huge for us (MN owners) and the coin

you are missing important point, kronos123.
The basic principle of masternode coin is more masternodes actively operate in the network, less rewards for each. However, the total amount of rewarded coins for all masternodes per block remain the same in specific phase of each coin.
Do you really understand what I mean?
For example, at the current period, Solaris rewards for each block are 10 XLRs, 60 XLRs go to masternodes, 40 XLRs go to miners.
Consequently, if we have 100 Solaris masternodes, distributional rewards for each MN will be 0.6 XLR.What happen if the total number of masternodes is 200? 0.3 XLR for each MN, right?

It is normal that more will go on and the masternode reward will decrease a little bit because: 1) there will be more masternodes 2) there will always be less coins issued
If you think it is unthinkable to have Solaris for example at $ 50-100 and get a 50-60-70% reward from the masternode; in this way everyone would jump in and in any case the prize would decrease accordingly.

What I do not understand yet is why the price, despite the innovations introduced and those coming in very short, it keeps so low, and falls day after day.
It will come days and weeks that will make + 50% for days

Both internal and external factors contribute together to affect on price of Solaris, including total capital in the market at specific point of time, bitcoin price,  progresses of Solaris project, important news from governmental authorities globally, and more stuffs.
All of them considerably affect Solaris price.
However, it is likely that we are coming closer and closer to the turning point (for both Solaris and the whole crypto market.)

Same here.

Why don't the naggers just go invest in oil or something.

for this time it takes a lot of reading information, yes really as you mentioned but also many factors that affect the market

XLR has a lot of progress going forward and I'm sure of its development

Solaris has plans for a cryptocurrency exchange in the future.

How about a privacy coin exchange? That would be a nice niche exchange.

Hope Solaris can also implement a decentralized exchange. These are greatly needed.

Thanks