spam
You do realize this is the dash thread right? Must be another paid troll dropping by. Well, there is the ignore button that makes this thread a clean happy non-monero experience  |
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Just calculate the amount of MUE that each MN gets paid as a fraction to what the masternode costs. For Dash each MN require 1000 Dash but MUE requires 500x more, eg 500K. So even if the block times are shorter and the MUE masternodes are paid 8x every day, the ROI percentage is roughly the same on an annual basis. Over time though, MUE will pay out more as we see that the Block rewards for Dash decrease rather rapidly. I'll have to check my numbers as well  Let's look at it from a different angle. 45% of block rewards go to MNs So per 24 hr period 45% of about 80,000 MUE is allocated to MNs. This is a correct assumption right? So per 24 hour period, whether there is 1 MN or 1000 MNs, 45% (36,000) is "given" to MNs. Is this right? So over a year, 365 x 36,000 = 13,140,000 is given to MNs I'm going to "assume": that 50% of the MUE coin supply will be invested in MasterNodes the price per MUE DOESN'T increase (which it will & therefore the number of new MNs will reduce) **If year 1 the number of MNs is 100 return is 13,140,000 (amount of MUE allocated to MNs) / 100 (Number of MNs) = 131,400 MUE per MN ROI is 131,400/500,000 = 26.2% ROI** year 2 an extra 30 million MUE are created, and 50% of that is invested in new MNs, so an extra 30 MNs 13,140,000 (amount of MUE allocated to MNs) / 130 (Number of MNs) = 101,076 MUE per MN ROI is 101,076/500,000 = 20.2% ROI** year 313,140,000/160 (Number of MNs) = 82,125 MUE per MN ROI is 82,125/500,000 = 16.4% ROIJust got your e-mail with your spreadsheet, so I'll look at that later too so we can get to some kind of reasoned guesstimate. Yep, it looks good man. It all comes down to what kind of estimate number of masternodes are set up, as the rewards are divided among the masternodes, this greatly affects the estimated ROI. Our numbers are on par, so maybe making a graph with different amount of masternodes can give all investors an idea as to what kind of ROI can be expected. So, a few different lines showing 100 MNs for year 1-5, 150 MNs, 200, 250, 300, so it would perhaps be sufficient for helping everyone? So, no 150% ROI, but more likely somewhere in the 25% region is probably a safe assumption! |
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Just calculate the amount of MUE that each MN gets paid as a fraction to what the masternode costs. For Dash each MN require 1000 Dash but MUE requires 500x more, eg 500K. So even if the block times are shorter and the MUE masternodes are paid 8x every day, the ROI percentage is roughly the same on an annual basis. Over time though, MUE will pay out more as we see that the Block rewards for Dash decrease rather rapidly. I'll have to check my numbers as well |
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Ah yes, I had used the wrong masternode payment, 45% block reward is right of course. I think those statistics on dashpay.atlassian.net are old. Using Moocowmoos ods-spreadsheet shows about 10% ROI for this year. As the block rewards for Dash continues to go down, the ROI decreases every year as well. date* event block height min. block reward masternode share total mn min. DASH/day ROI/yr DASH/day DASH/mth USD/mth
02-13-16 7.14% decrease 420480 3,88010204 50,00% 1117 10,03% 0,275 8,357 $103,27
02-12-17 7.14% decrease 630720 3,60295190 50,00% 1038 9,31% 0,255 7,760 $95,89
02-12-18 7.14% decrease 840960 3,34559819 50,00% 964 8,65% 0,237 7,206 $89,04
02-12-19 7.14% decrease 1051200 3,10662689 50,00% 895 8,03% 0,220 6,691 $82,68
02-13-20 7.14% decrease 1261440 2,88472497 50,00% 831 7,46% 0,204 6,213 $76,78
02-12-21 7.14% decrease 1471680 2,67867318 50,00% 771 6,92% 0,190 5,770 $71,29
02-12-22 7.14% decrease 1681920 2,48733939 50,00% 716 6,43% 0,176 5,358 $66,20
02-12-23 7.14% decrease 1892160 2,30967229 50,00% 665 5,97% 0,164 4,975 $61,47
02-13-24 7.14% decrease 2102400 2,14469570 50,00% 618 5,54% 0,152 4,620 $57,08
02-12-25 7.14% decrease 1471680 1,99150315 50,00% 574 5,15% 0,141 4,290 $53,00
02-12-26 7.14% decrease 1681920 1,84925292 50,00% 533 4,78% 0,131 3,983 $49,22
02-12-27 7.14% decrease 1892160 1,71716343 50,00% 495 4,44% 0,122 3,699 $45,70
02-13-28 7.14% decrease 2102400 1,59450890 50,00% 459 4,12% 0,113 3,434 $42,44
02-12-29 7.14% decrease 2312640 1,48061540 50,00% 426 3,83% 0,105 3,189 $39,41
02-12-30 7.14% decrease 1681920 1,37485716 50,00% 396 3,55% 0,097 2,961 $36,59
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A napkin calc gives me:
40 MUE / block, and 2160 Blocks per day.
If we assume maximal amount of masternodes, 200 +63 MN after first year, so 263 MN in total.
The block reward gives 45% to a random masternode and each masternode gets its share:
Each masternode gets paid every 263 blocks (each masternode getting paid), and the number of blocks is 2160 per day.
Every masternode gets paid ( 2160 / 263 ) *40 MUE*45% = 148 MUE per day, or 148 * 365 = ~54K per year.
54 K / 500 K = ~11% ROI for the first year.
Of course, if the number of masternodes is less than this theoretical maximum, the payouts will be higher and the ROI slightly higher as well.
Dash masternodes get paid about 1.9 Dash per week, or 99 Dash / year.
99 Dash / 1000 Dash = ~10% annually.
This value goes down as both the MN count goes up and the block reward is reduced.
EDIT. changed 40%->45%
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What is the advantage for running a masternode? Sorry for my question but couldn't find detailed information.
The masternodes will be part of the backbone of the MUE network. By running such a service the network rewards the nodes with a portion of the block rewards. So, you get paid a bit of MUE for your help in building a stronger network. The masternodes are so called full nodes providing additional features and governing to the network. |
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May I propose a new total coin supply post-swap? MNs run smoother when there are less coins in circulation, DASH has a great total supply, MUE I believe must have at the most 12M available supply. Let me explain why it is etymologically sound as well.
Monetary Unit. Great name. Mu is the 12th letter of the Greek alphabet. Thus, 12M coins would be logical and rational whilst at the same time paying a respectful homage to our Grecian forefathers that founded the very ethics and morals that we instill into crypto to this day.
Meditate on it, perhaps?
One thing to consider is the fact that the upcoming masternodes to be the second tier of MUE will require a 500 000 MUE collateral. If there was a cap of 12M, there could only be at most 24 masternodes, in practicality much less as people would either have to chip together and share a node, or you might have 1-2-x people controlling the 2nd tier of the network. Such a centralization is bad for a decentralized currency. |
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We've been testing our automated coin swap system developed by pjcltd (one of our devs).
It is currently working rock solid in the test net environment.
I don't want to be too hasty, but this could be the smoothest least hassle coin swap ever recorded?!
I hope so, if nothing else we are certainly aiming to make it as smooth and as efficient as we possibly can.
Hey BizzyB, this is used for moving coins from the current blockchain to the new X11 one? |
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Wow, some people feel really threatened by Dash and its continued success is only drawing more venom. You can bitch and snipe but you can't fight progress forever. It might be more productive in the long term to look after your own crappy coins rather than spend so much energy entertaining us with your silly jealous whingeing  Don't underestimate the entertainment value we all get for free - combined with popcorn one can have a great time following this thread |
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- MN collateral - Yes 0.4 BTC is about right at the moment. Any thoughts on that?
- No. of MNs - No target number, just as many as possible. Any thoughts?
- Voting system - Yes, we definitely want to implement that & having a user friendly site would be a gold standard (Certainly I'm no good at command line stuff).
- Distribution - My opinion is that the distribution over the past 2 years is very good. Whilst several users keep theirs on trex (I no longer do btw) I would hope that the majority of MUE would be kept "off exchange". My personal funds are around 6 million. The "project" holds about 4 million, and there are many many users with 1 mill +. Looking at https://chainz.cryptoid.info/mue/#!wallets about 26% are held in trex
Any other thoughts and feedback welcome. So, I bought 500K MUE so I can help set up a masternode once the transition to a X11 mainnet is complete. My guestimation is that many users will look into taking their coins off the market and moving them into cold storage and running a masternode. The economic incentive is there, at least they get paid a little interest for their service. How far has the X11 testing come along? Is there an active MUE-testnet? Ah cool, great to have you on board. I think initially, at least for the first year or so, the % returns should be really good for MasterNodes, obviously over time the % return will deteriorate as more MNs come on line, however, the price should have significantly grown to more than compensate for that. It's going to get very interesting. Yeah we are actively running test net. Feel free to get involved if you want, we tend to hang out in Slack Auto-invite app is here https://mueslack.herokuapp.com/Thanks for the slack link, I'll see about signing up. I'd thought I'd post a long term inspirational graph from the lead developer of Dash, Evan Duffield: https://bitcointalk.org/index.php?topic=421615.msg15956429#msg15956429...cut....  https://docs.google.com/spreadsheets/d/1BmfW0YGYrnWxRDsW3W3SQy2xdIqi2sArjP1hkiiuUsI/edit?usp=sharingEach month we're gaining momentum, we started at about $13k/mo in October 2015 and currently next month we're going to have over $100k to spend. This is fantastic, it shows we can grow the ecosystem and as we do, we'll have more and more funding available for the next projects. The model is working, it's exciting. There's a definite relationship between making good investments for the network and the price appreciation, I believe they are causal. The model really works, it provides funds for development and promotion. Spreading the word grows the user base, and as the node count goes up, the liquidity starts to go down and as the available tokens for sale decreases the price appreciates. Just imagine what kind of support can be given to the network when the blockchain can provide a $100K monthly funding. Something for MUE to look forward to in a few years time? |
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Also, a general remark, I noticed that I only had one active connection to the MUE network with my QT-wallet. With a secondary masternode network the amount of nodes should increase and strengthen the network overall.
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- MN collateral - Yes 0.4 BTC is about right at the moment. Any thoughts on that?
- No. of MNs - No target number, just as many as possible. Any thoughts?
- Voting system - Yes, we definitely want to implement that & having a user friendly site would be a gold standard (Certainly I'm no good at command line stuff).
- Distribution - My opinion is that the distribution over the past 2 years is very good. Whilst several users keep theirs on trex (I no longer do btw) I would hope that the majority of MUE would be kept "off exchange". My personal funds are around 6 million. The "project" holds about 4 million, and there are many many users with 1 mill +. Looking at https://chainz.cryptoid.info/mue/#!wallets about 26% are held in trex
Any other thoughts and feedback welcome. So, I bought 500K MUE so I can help set up a masternode once the transition to a X11 mainnet is complete. My guestimation is that many users will look into taking their coins off the market and moving them into cold storage and running a masternode. The economic incentive is there, at least they get paid a little interest for their service. How far has the X11 testing come along? Is there an active MUE-testnet? |
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- MN collateral - Yes 0.4 BTC is about right at the moment. Any thoughts on that?
- No. of MNs - No target number, just as many as possible. Any thoughts?
- Voting system - Yes, we definitely want to implement that & having a user friendly site would be a gold standard (Certainly I'm no good at command line stuff).
- Distribution - My opinion is that the distribution over the past 2 years is very good. Whilst several users keep theirs on trex (I no longer do btw) I would hope that the majority of MUE would be kept "off exchange". My personal funds are around 6 million. The "project" holds about 4 million, and there are many many users with 1 mill +. Looking at https://chainz.cryptoid.info/mue/#!wallets about 26% are held in trex
Any other thoughts and feedback welcome. 0.4 BTC seems to be a good entry level. Compared to Dash where a masternode is currently 23 (!) BTC. Locking away as many MUE creates less liquidity on the market and can help the price increase. Additionally the more nodes the stronger the network, and at some point an equilibrium will be reached. will comment more later, gotta catch a train |
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Hi bizzyb,
Saw your post in the Dash thread about moving MUE over to X11.
By adopting Dash models, is the idea to have a similar block reward division for masternode rewards, MUE development and chain security? I am completely new to MUE, but didn't see any info of this in the OP announcement post.
Hi thanks for dropping by. Yes the plan is to have a similar reward model. Block reward will be 40 MUE per block. Each block is 40 seconds (or there about) As with Dash the POW reward will be 45% per block The MasterNode reward will be 45% per block and 10% will fund development, marketing, etc The "project" fund. We have agreed on 500k MUE per MasterNode https://bitcointalk.org/index.php?topic=1582356and X11 was also agreed on https://bitcointalk.org/index.php?topic=1564635The current OP still reflects our initial Quark launch plan, though perhaps I should update it to make it cleared regarding the migration. OK Thanks for the info! So it would be at present roughly 0.4 BTC to have enough X11 MUE for setting up a masternode. Does the project have a target as to how many masternodes are required to secure the network, or is it as many as possible? As per the Dash governing model I assume that you are looking into a similar voting system for making decisions as to how the project will develop? If so, I would encourage the MUE team to look into creating a user friendly site like dashcentral.org to aid in proposal voting. Having a graphical interface helps rather than copy&pasting commands to the wallet console. What does the distribution of MUE look like? Looking at the rich lists it seems Bittrex holds the largest wallets. Any risk of having an exchange take control of the development funds of MUE? |
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So, in the end, Mass sells the user data whereas Brave does not?
No! Mass does NOT sell anything! It only gives protocol extensions for user to sell his/her information to webmaster. BTW, Brave browser can also support these protocol extensions, because they are easy-to-implement and won't harm user privacy. I guess this statement is confusing then: ... And I want to help webmasters to earn some money by selling allowed info about me.
I think the concept has good potential, and I do agree that the online ad business is getting out of order. I'm just trying to better understand the whole concept of Mass. |
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Hi bizzyb,
Saw your post in the Dash thread about moving MUE over to X11.
By adopting Dash models, is the idea to have a similar block reward division for masternode rewards, MUE development and chain security? I am completely new to MUE, but didn't see any info of this in the OP announcement post.
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There already is such a browser, https://brave.com/Are you planning on forking their browser or creating something entirely different? I'm user of it! It's awesome product, and they are doing right things. But Brave does not allow me to tell webmaster about myself, my needs and interests. I won't get ads, but sometimes I need them. And I want to help webmasters to earn some money by selling allowed info about me. In my opinion, Brave is a good ad-blocker and privacy guard, but not a MASS solution for new era of online ads. I'm trying to figure out what the main differences are between the Mass project and that of Brave. So, the idea of Mass is to provide a site owner with the user data, for them to sell and earn revenue. But the Brave project allows the users to view some certain ads, and that revenue is split between the user and the website the the users chooses, but the users privacy is mainly kept. I am currently not using the Brave browser so I may have got this concept misunderstood. So, in the end, Mass sells the user data whereas Brave does not? |
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There is no consensus algorithm mention so what do you plan to use?
We are not going to create new blockchain, our project is NOT a new blockchain! We are going to create new software for users to browse the web. Of course, we will start with Chrome/Firefox browser extensions for blocking ads, which will have wallet enabled. And you will be paid for browsing websites with whitelisted ads. Next step — standalone browser for desktops and mobiles. There already is such a browser, https://brave.com/Are you planning on forking their browser or creating something entirely different? |
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3MB blocksize, expecting a lot of transactions or just future proofing? |
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【PreANN】Quantum Platform/ First UTXO based POS Smart Contract and DAPP platform.
.......
Well, don't all transactions need to be UTXO based? Otherwise you are double spending on your blockchain. Any information as to how you are attempting to make the initial distribution of your tokens if Qtum is to be PoS only? |
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