When someone from the developement team gets a chance, could you please answer a tech question?
I asked this on slack, but maybe some other people here may have the same question. I have a MN that I first set up a few months ago, and I just kept adding funds too it on different receive addys. Does this mean that I actually need to set up more MN's with the 5000 Synxs, or can I just keep adding funds to the same MN's and mine more because of the larger amount of synxs? In other words, what is the advantage of setting up numerous MN's if you could just do everything out of one wallet? Sorry, I'm not a software guy....
Hello!
Each masternode needs its own 5000 SYNX input transaction to be used as collateral to run the masternode. Nothing needs to be added to that address after the initial 5000 SYNX transaction. If you're looking to run multiple masternodes locally, your main wallet will be the GUI controller wallet & a you'll need to run a Syndicated daemon for each masternode. The advantage of having multiple masternodes is better helping process transactions for the Syndicate network & in return for that, the network rewards you more SYNX. POS blocks are 10 SYNX & they get split 50/50, 5 SYNX for masternodes & 5 SYNX for the stakers.
The wallet is setup to keep & stake all of your funds locally. You essentially send the 5000 SYNX to yourself to fund the masternode from then on, your remaining balance, 5000 SYNX collateral payment & masternode payments will all stake from the same wallet.
