What happens if you run a node on my own PC, then PC restarts by some reason?
Earnings
An earning period is based upon block time. It is the amount of time between 576 blocks which is approximately 24 hours. When an earning period ends each active node is checked and any node with exceptions or downtime causing the node to be available less than 92% of the earning period is excluded from the earnings pool. A node with greater than 92% availability but with some downtime or exceptions will have the amount of time subtracted from their allocation. These small subtractions help offset the fees incurred with making the payments.
A payment administrator on a weekly basis reviews the earnings to ensure they were generated correctly and marks them to be paid.
Coins are then transferred to a payment address and the payment is made. No funds are stored on the server. This process may be automated at a later time. https://devtracksys.secnodes.com/aboutBe sure this doesn't happen too often, and you will be ok.  |
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The founders are ex-government. So they know how to perfect the privacy coin before anyone else can.
They were military officers - job as every other. Why this should be highlighted? Many developers here have similar background, working for government or its organizations, as daily job. Core beliefs are important. We all must work for our masters of puppets, for now.. Teaching Kids How and Why to Break the Rules
I’ve boiled this down to a saying that I teach my kids:
Know the rules, the reasons for the rules, the chance of getting caught if you break them, the consequences of getting caught, and if you can deal with the consequences. https://www.linkedin.com/pulse/teaching-kids-how-why-break-rules-rolf-versluis?articleId=6321098005701283840#comments-6321098005701283840&trk=prof-post |
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The problem that i found with this coin is that i can't understand it very well. Website is not beginner-friendly at all. From the ANN the same. Of course being a privacy focused coin, etc, etc it's pretty complex and all, but i'm sure you can't grow if people don't understand the project. Anyway, good luck guys. PS: this thread has less replays than a stupid airdrop  )) (irrelevant, just saying) We are working on new web site which will be more user friendly. We are working on redesigning of announcing page here and other places. New logo coming. Airdrops are easy money, their popularity won't last long. ZenCash is serious project, with serious development, Team and community expands, hashrate increases.. |
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When will nodes come live, that is when will testing be over this year or the next, do you know that?
When our developers show us a green lights, nodes will go live without payment for a start. If everything passes good, payments will start, and this is it. There is no exact date. It will happen soon  |
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42 coins are needed as a stake for nodes. 1000 nodes will lock 42000 coins immediately. Right now we have 205300 coins on Bittrex orders.
When nodes becomes profitable after testing, they will become more interesting, and number of nodes will increase significantly.
With greater demand, price will increase this is basic rule of market.
Really good thing is that 42 coins are cheap in comparison with other master nodes which require at least couple of thousands of dollars for a start if not more.
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So more nods the less money i get per node?
More nodes-> less ZEN in free circulation, greater demand -> better price.. We are in Beta testing and there are more than 500 nodes. Expect at least 10x more on mainnet. https://securenodes.zensystem.ioIt seems that many people are interested in setaping nodes |
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It will be nice to buy a few ZENS for the portfolio.I am looking into it. CAN ANYONE TELL me for example how ZEN is comparable to other privacy coins and why I should buy ZEN? I would like to own at least one privacy coin in my portfolio so what do you think ZENCASH has that is better than the rest? I am just looking at a healthy entry point to buy in as it has been recently pumped so want to wait a little while. I am thinking to buy between 200-400 ZEN as a long term bag hold.
Encrypted and Resilient Network
-Secure Nodes will improve network security - Whole communication is encrypted and secured with secure nodes, which is not the case with typical master nodes who are vulnerable, and can be compromised in certain cases. Secure nodes are profitabil too and 3.5% from every block is reserved as reward for nodes. Funding for Viability and Growth
- Ongoing funding of the treasury to pay for development,marketing, and partnerships. Governece model
-Governance with participation by all people involved in making ZenCash work. Read more here-> ZenCash Overview and Highlights for Investment Professionals
https://blog.zensystem.io/wp-content/uploads/2017/08/ZenCash-Overview-for-Investment-Professionals-v2.pdfRead this for better understanding of Secure Nodes-> ZenCash Secure Nodes Create a Distributed and Reliable CryptoCurrency System
https://blog.zensystem.io/secure-nodes-why-are-they-important/ |
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So i now that secure nodes program is still in testing, but how many zencash tokens would one get as a reward of having set up one secure node? There was a calculator on this site http://zen.lebre.net/, but i doesn't work anymore. And even when it did work it showed insane numbers, if i put 1 secure nod, price od zen = 20$ and price of VPS =5$, it would say that i wil earn 741 zencash tokens or some other ridiculous number. So the question is if i have one secure node when they start to function how much zencash would i get per month? - Network through mining produces 216000 ZEN / per month - Division of each PoW block: 3.5% Secure Nodes reward - > 7560 ZEN for this purpos monthly. How this number (7560 ZEN) is going to be shared depends on how many nodes will be set up. Each node if qualified, will get equal share. - Monthly cost per VPS is approximately 5$ per node. - Zen price https://coinmarketcap.com/currencies/zencash/Now you can do your own math. I will check what is going on with this calculator. |
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This project is very interested me! What about your Bounty?
Not for now, we are focused on Secure Nodes and testing. Maybe later. |
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This is great, thanks for this initiative! |
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As I understand secure nodes are in beta phase.
So if I run a node now, will I receive my rewards or until beta is over is more just like testing?
Thanks.
Beta is final testing phase, before we go on main-net. |
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Folks.......... my FOLKS. Do you see what is happening?!?! Just like I said....... could drop to 60K or less!!!!! LOOK HERE --------------> https://bitcointalk.org/index.php?topic=823143.msg23091563#msg23091563I said could possibly drop to 50-60K!!!!!! NO ONE LISTENED TO ME. I am trying to save you guys money!! CLOAK is collapsing and will continue while the devs are in hibernation! WAKE UP FOLKS. It's dangerous times to be in CLOAK. I have been saying SELL SELL SELL since it was 220K Satoshi and now we are where I predicted...... 60K and dropping! Understand folk>? Must understand ok?!;[ *quoting this for reference! What to think about a person who never posted elsewhere, only spamming this thread. If you have proper evidence, please open scam accusation against Cloak , else stop trolling or you will be reported! This is the announcing thread, read rules of this forum. |
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