RawCrypto
Member
 Offline
Activity: 105
Merit: 10
|
 |
May 19, 2015, 12:55:02 AM |
|
Will someone please explain to me the incentive to running a masternode? Or just why masternodes exist at all?
|
@RawCrypto
|
|
|
|
|
|
|
|
|
|
"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
bones261
Legendary
Offline
Activity: 1806
Merit: 1827
|
|
May 19, 2015, 01:24:30 AM |
|
Will someone please explain to me the incentive to running a masternode? Or just why masternodes exist at all?
When someone stakes, the block is sent to a masternode. The masternode alters the block, called "coin mixing" to make the transactions more anonymous. The person who staked the block gets 50 and the masternode gets 50. Since there is less competition among the masternodes, someone with a masternode will get rewarded 50 coins more often than someone who is staking 25000 coins. (At least that is how it is supposed to work, but if there are lots of masternodes and only a few people staking, then the person staking would earn more. But that should not happen. But it could...) |
|
|
|
|
|
megadestruct61
|
|
May 19, 2015, 01:49:32 AM |
|
Will someone please explain to me the incentive to running a masternode? Or just why masternodes exist at all?
One incentive to running one is it can be profitable. At current price of ~0.00001600 BTC and ~25 shellnodes running a masternode costs about $94 and will earn about $7.5 a day. Not to shabby  The reason they exist is for coin mixing(anonymous transactions). |
|
|
|
|
RawCrypto
Member
Offline
Activity: 105
Merit: 10
|
|
May 19, 2015, 06:00:36 AM |
|
Will someone please explain to me the incentive to running a masternode? Or just why masternodes exist at all?
One incentive to running one is it can be profitable. At current price of ~0.00001600 BTC and ~25 shellnodes running a masternode costs about $94 and will earn about $7.5 a day. Not to shabby The reason they exist is for coin mixing(anonymous transactions). So is it off base to say this coin is in a sense a crave clone? Since its masternodes and a different pos than other % based pos coins? |
@RawCrypto
|
|
|
|
LordPiccolo
|
|
May 19, 2015, 06:04:12 AM |
|
Will someone please explain to me the incentive to running a masternode? Or just why masternodes exist at all?
One incentive to running one is it can be profitable. At current price of ~0.00001600 BTC and ~25 shellnodes running a masternode costs about $94 and will earn about $7.5 a day. Not to shabby The reason they exist is for coin mixing(anonymous transactions). So is it off base to say this coin is in a sense a crave clone? Since its masternodes and a different pos than other % based pos coins? Not off base. but bare in mind, all coins are effectively clones of a sort. |
|
|
|
NxtStakeAssets
Newbie
Offline
Activity: 34
Merit: 0
|
|
May 19, 2015, 08:25:28 AM |
|
From DCC thread. Surprised to see this post. Comments?
Just wanted to drop in and offer help:
I looked at the code and can fix the issues for 3BTC if the community is willing to pay for it. You can escrow the 3btc and when I deliver a working client the escrow will be released. If this is ok let me know. The fix will include a source and windows compile if needed, I will accept payment in SHELL as well.
Great dev! Just offering services to the community!  |
|
|
|
|
|
LordPiccolo
|
|
May 19, 2015, 08:57:11 AM |
|
From DCC thread. Surprised to see this post. Comments?
Just wanted to drop in and offer help:
I looked at the code and can fix the issues for 3BTC if the community is willing to pay for it. You can escrow the 3btc and when I deliver a working client the escrow will be released. If this is ok let me know. The fix will include a source and windows compile if needed, I will accept payment in SHELL as well.
Great dev! Just offering services to the community! LOL well somebody dumped and shellnode count down to 2 then 4 earlier today. i hope the dev does her thing things looking shitty atm Umm there are 30 shellnodes, and over ten have been active for more than one day. |
|
|
|
makjoyah
Newbie
Offline
Activity: 16
Merit: 0
|
|
May 19, 2015, 09:31:57 AM |
|
|
|
|
|
|
makjoyah
Newbie
Offline
Activity: 16
Merit: 0
|
|
May 19, 2015, 10:28:35 AM |
|
|
|
|
|
|
|
wurstgelee
|
|
May 19, 2015, 10:47:35 AM |
|
Mh...not only the wallet, the market is on halt.....
|
|
|
|
samspaces
Legendary
Offline
Activity: 1453
Merit: 1030
|
|
May 19, 2015, 11:57:42 AM |
|
Mh...not only the wallet, the market is on halt.....
Any idea why? |
|
|
|
|
|
wurstgelee
|
|
May 19, 2015, 01:36:17 PM |
|
Mh...not only the wallet, the market is on halt.....
Any idea why? No clue. Bittrex isn't saying anything so far, maybe SHELL hit some security trigger for some reason and market was automatically disabled. |
|
|
|
|
LordPiccolo
|
|
May 19, 2015, 02:40:33 PM |
|
Mh...not only the wallet, the market is on halt.....
Any idea why? No clue. Bittrex isn't saying anything so far, maybe SHELL hit some security trigger for some reason and market was automatically disabled. I'm in IRC trying to get some news, but nothing yet. On another matter, there are too many nodes today, damn! |
|
|
|
dukeneptun
Legendary
Offline
Activity: 1064
Merit: 1000
|
|
May 19, 2015, 02:41:57 PM |
|
Market is disabled?
|
|
|
|
|
ShellCoin (OP)
Newbie
Offline
Activity: 42
Merit: 0
|
|
May 19, 2015, 02:50:22 PM |
|
I just checked, and SHELL chain is running fine, no sign of fork or anything unusual. Will wait on bittrex to explain why market was disabled. Please do not panic, I am around to fix any issue if there is one.
|
|
|
|
|
|
wurstgelee
|
|
May 19, 2015, 02:58:24 PM |
|
I just checked, and SHELL chain is running fine, no sign of fork or anything unusual. Will wait on bittrex to explain why market was disabled. Please do not panic, I am around to fix any issue if there is one.
Yep, seems perfectly fine. It's a little weird that it's disabled for almost 6 hours now and not a word from bittrex. :/ |
|
|
|
|
LordPiccolo
|
|
May 19, 2015, 02:58:55 PM |
|
I just checked, and SHELL chain is running fine, no sign of fork or anything unusual. Will wait on bittrex to explain why market was disabled. Please do not panic, I am around to fix any issue if there is one.
it should be normal again now, looks like it's been resolved  |
|
|
|
|
megadestruct61
|
|
May 19, 2015, 05:08:33 PM |
|
I just checked, and SHELL chain is running fine, no sign of fork or anything unusual. Will wait on bittrex to explain why market was disabled. Please do not panic, I am around to fix any issue if there is one.
Yep, seems perfectly fine. It's a little weird that it's disabled for almost 6 hours now and not a word from bittrex. :/ Ya market is back up on Bittrex. Its kinda bs they just disable it like that for what reason? It has an effect on the market I know I went ahead and dumped some coins I was saving for my 2nd masternode on c-cex and wish I wouldn't have now  |
|
|
|
|
Piston Honda
Legendary
Offline
Activity: 2702
Merit: 1064
Juicin' crypto
|
|
May 19, 2015, 05:10:34 PM |
|
*dead* as not funny but actually dead  |
$ADK ~ watch & learn...
|
|
|
|
megadestruct61
|
|
May 19, 2015, 05:11:20 PM |
|
Well I sent a request asking what was up earlier and got this response.
"SHELL tripped one of our internal security alerts, it is now back online as everything checked out fine."
So whatever that means lol
|
|
|
|
|
|
