Arctic Coin (ARC), No premine, Evolution over 1 year

[craigh]

There is only one English speaker on the dev team. They are active but only in Russian. They are rebranding currently which is great news for this coin.

They are not active. They have not delivered anything from the roadmap. See from there on github: https://github.com/ArcticCore/arcticcoin/blob/master/Arctic%20Coin%20Roadmap.png?raw=true

The community has offered to help with English and comms lots of times. They just don't communicate.

If you believe they are active in Russian, share the link to their Russian forum and we can see for ourselves! Asked before. Always ignored.

Don't trust the promises which always state, "wait 2 months". Been doing that since June 2017! 

C.

[craigh]

There is only one English speaker on the dev team. They are active but only in Russian. They are rebranding currently which is great news for this coin.

If you believe they are active in Russian, share the link to their Russian forum and we can see for ourselves! Asked before. Always ignored.

Come on then! I'm calling your BS out. Let's see the Russian links!

C.

[derelict15]

Hello, how long does it take to get payout with masternode?
Node is running almost for full 24 hours, but wallet balance still the same.
Goldmine list shows my node as 'active'

[craigh]

Hello, how long does it take to get payout with masternode?
Node is running almost for full 24 hours, but wallet balance still the same.
Goldmine list shows my node as 'active'

Usually 2 to 3 days. Has taken some up to 7 days for 1st payout.

You won't make much money; probably not enough to cover the cost of your VPS.

https://arcticcoin.org/#specifications

Code:

According to the specification, a block is generated every 2.5 minutes

Blocks per day  = (24 x 60)minutes / 2.5
                = 600

arcticcoin-cli getdifficulty

The current difficulty is 7676

According to the specification, block reward = 2,222,222 / (( Difficulty + 2600) / 9 ) ^2 )

Reward per block = 2,222,222 / ((( 7676 + 2600) / 9 ) ^2 )
                 =  1.705ARC coins

Rewards per day  = 600 blocks x 1.705 
                 = 1,023 ARC

According to the 
, 45% reward to miners, 45% to masternode, 10% to developers

Masternodes rewards per day = 1,023 x 45%
                            =  460.35 ARC

Current number of ENABLED  mn   = 1,403
So, reward per mn per day       = 460.35 / 1,403
                                = 0.328 ARC

Coins required for a mn         = 1000 ARC
Days to earn cost of mn         = 1000 / 0.328
                                = 3,048 days

ROI % over 1 year               = (365 / 3,048) * 100
                                = 11.97%

Bear in mind that there are three main variables to this, which is why masternodes.pro differs:

1. Block timing (therefore blocks per day) fluctuates from specification amount
2. The difficulty changes based on hashrate at any particular time
3. The number of masternodes with the state of ENABLED fluctuates.```

C.

[findyou1111]

what im doing wrong everytime when i found a block on my minning pool ,the block is rejected . have a look in debug.log and getting this error

CGoldminenodeBlockPayees::IsTransactionValid -- ERROR: Missing required payment, possible payees: 'AMETed1hDU4icCBNBXfEkLK7yVTqZLzPj1', amount: 0.375067 ARC
2018-01-06 13:25:59 IsBlockPayeeValid -- ERROR: Invalid goldminenode payment detected at height 270955: CTransaction(hash=72b4dc2b61, ver=2, vin.size=1, vout.size=2, nLockTime=0)
    CTxIn(COutPoint(0000000000000000000000000000000000000000000000000000000000000000, 4294967295), coinbase 036b22040460ce505a0881000004200000007969696d7000, nSequence=0)
    CTxOut(nValue=0.73513133, scriptPubKey=76a914fe7035c1ea1793ebb505a70c)
    CTxOut(nValue=0.01500268, scriptPubKey=76a91470e18e0515d3ac3be01817a0)
2018-01-06 13:25:59 ERROR: ConnectBlock(ARC): couldn't find goldminenode or superblock payments
2018-01-06 13:25:59 InvalidChainFound: invalid block=000000000003f5abd7ad11f58fb07921de5be7b350f745dc88ef9c7e268d615d  height=270955  log2_work=60.007645  date=2018-01-06 13:25:52
2018-01-06 13:25:59 InvalidChainFound:  current best=000000000004e21f03cd815f9dc81fcfe24cbc1a425e13a870ff968aa32ee0a4  height=270954  log2_work=60.007606  date=2018-01-06 13:15:06
2018-01-06 13:25:59 ERROR: ConnectTip(): ConnectBlock 000000000003f5abd7ad11f58fb07921de5be7b350f745dc88ef9c7e268d615d failed
2018-01-06 13:25:59 InvalidChainFound: invalid block=000000000003f5abd7ad11f58fb07921de5be7b350f745dc88ef9c7e268d615d  height=270955  log2_work=60.007645  date=2018-01-06 13:25:52
2018-01-06 13:25:59 InvalidChainFound:  current best=000000000004e21f03cd815f9dc81fcfe24cbc1a425e13a870ff968aa32ee0a4  height=270954  log2_work=60.007606  date=2018-01-06 13:15:06
2018-01-06 13:25:59 ProcessNewBlock : ACCEPTED


anyone can help me?

[ronaldera2]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

[craigh]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Your math is a bit wrong. Currently, you earn 0.3 ARC a day per masternode, so say your 3 mn's earn 1 ARC a day (rounding up), if (LOL) Arctic hits $1 you will get $1 a day/$30 a month.

Good Luck!   

C.

[MickDaster]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Your math is a bit wrong. Currently, you earn 0.3 ARC a day per masternode, so say your 3 mn's earn 1 ARC a day (rounding up), if (LOL) Arctic hits $1 you will get $1 a day/$30 a month.

Good Luck!   

C.

or even less at some point where there are more and more nodes running.

[Blaster66613]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Your math is a bit wrong. Currently, you earn 0.3 ARC a day per masternode, so say your 3 mn's earn 1 ARC a day (rounding up), if (LOL) Arctic hits $1 you will get $1 a day/$30 a month.

Good Luck!   

C.

Welcome in arctic with 1 masternodes you can have beetween 0.35 - 2 coin. i dont know how you set up your vps craigh but mine is around 0.75 - 1.75. Moreover for information, Sibcoin have masternodes too, and when its reward was around 0.5 - 1 coin (around september)it cost 1 000 $ per masternodes instead of arctic which 4 X less Sibcoin for now. go to see his price now, SIBCOIN is around 4 $.

i dont understand why craigh, in all your post you always say negative things here, if you dont believe in the project sell your coins, the price have up to 0.25 cents now, you can make little profit and i will buy it ^^

so, for new poeple here, yes we hope to reach 1 $ and i will soon i hope! keep your faith and dont give a damned in poeple which was here too long and lost patience ^^

peace and love.

[Blaster66613]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Welcome ! Arctic masternodes is cheap for now. According to me, it's still a good deal, and if you don't build a masternode, it's also good to trade arctic coin. It's time to take the train Hold your masternodes until it reach 1 $. Then just sell slowly 1/5 of what you have. Arctic have Up +100 % now it's around 0.26 $ - 0.30 $ --   Let'ss gooooo Arctic to the stars, Buy and HOLD everybody until it reach 1-2 $ <3

Peace and Smile

[asleep]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Welcome ! Arctic masternodes is cheap for now. According to me, it's still a good deal, and if you don't build a masternode, it's also good to trade arctic coin. It's time to take the train Hold your masternodes until it reach 1 $. Then just sell slowly 1/5 of what you have. Arctic have Up +100 % now it's around 0.26 $ - 0.30 $ --   Let'ss gooooo Arctic to the stars, Buy and HOLD everybody until it reach 1-2 $ <3

Peace and Smile

one of the good things about this coin is because it's already in some big exchange, moon and stars not only dreams.

[BTC-BTC-BTC]

How long usually for the masternode to get the first reward? I have it running for two days and still nothing.

[alinmihai93]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Your math is a bit wrong. Currently, you earn 0.3 ARC a day per masternode, so say your 3 mn's earn 1 ARC a day (rounding up), if (LOL) Arctic hits $1 you will get $1 a day/$30 a month.

Good Luck!   

C.

Look at the good part, new ppl comming in crypto, a lot of new ppl will look for cheap masternode and this is the best for the moment. Small reword from masternode will only increase the price of the coin. ^_^

[kaltun]

How long usually for the masternode to get the first reward? I have it running for two days and still nothing.

2 or 3 days , if your lucky you will get 0.75  but mostenly  0.37 

[ronaldera2]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Your math is a bit wrong. Currently, you earn 0.3 ARC a day per masternode, so say your 3 mn's earn 1 ARC a day (rounding up), if (LOL) Arctic hits $1 you will get $1 a day/$30 a month.

Good Luck!   

C.

You know when dash came out thats around what people were getting with 3 nodes now look at what they are making, plus arctic is rebranding and doing an ICO later on this year looks like they have an active development team, which yes i see they did not meet some 2017 goals but honestly if they release a good product the nodes could potentially make 30$ a day it is lower coin supply.

[Lionheart001]

Trying to get my first MN. I just spent over $300 to acquire this masternode. Hope I am on the right track? Where do you guys see this project heading in the nearest future?

[kaltun]

Trying to get my first MN. I just spent over $300 to acquire this masternode. Hope I am on the right track? Where do you guys see this project heading in the nearest future?

pity, you bought an MN whos rewards are very low ..... around 0.37 per day... and the coins is cheap also.....

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Your math is a bit wrong. Currently, you earn 0.3 ARC a day per masternode, so say your 3 mn's earn 1 ARC a day (rounding up), if (LOL) Arctic hits $1 you will get $1 a day/$30 a month.

Good Luck!   

C.

You know when dash came out thats around what people were getting with 3 nodes now look at what they are making, plus arctic is rebranding and doing an ICO later on this year looks like they have an active development team, which yes i see they did not meet some 2017 goals but honestly if they release a good product the nodes could potentially make 30$ a day it is lower coin supply.

really your comparing dash with this shitcoin   gl then 

[craigh]

I just bought 3 nodes worth i mean someone is still pushing this project so i mean im excited lol 150$ for a nodes is great so if this coin ever hits 1$ ill be getting 240$ a month?? lets hope for moon guys

Your math is a bit wrong. Currently, you earn 0.3 ARC a day per masternode, so say your 3 mn's earn 1 ARC a day (rounding up), if (LOL) Arctic hits $1 you will get $1 a day/$30 a month.

Good Luck!   

C.

You know when dash came out thats around what people were getting with 3 nodes now look at what they are making, plus arctic is rebranding and doing an ICO later on this year looks like they have an active development team, which yes i see they did not meet some 2017 goals but honestly if they release a good product the nodes could potentially make 30$ a day it is lower coin supply.

To get to $30 a day, you would need ArcticCoin to rise to $100. Also, be aware that the current 0.3 arc per day is with 32% of masternodes not fuctioning; masternode holders have just left them online but are not checking them. So, if the price increases, you will get these ppl come back plus more ppl creating new masternodes. I'm afraid I can't see any scenario where the profits from Arctic mn's become worth it!

C.

[Blaster66613]

Trying to get my first MN. I just spent over $300 to acquire this masternode. Hope I am on the right track? Where do you guys see this project heading in the nearest future?

Hi and welcome That's a good things. For the reward for now as he say it's around 0.35 - 2 coins. Yes you are on the train right now, the price have increase around X4 these 2 last week. We hope to rise to 1 $ which is the first goal. Long term Holders are always the Winner, and this year is a good year for alternative coin like arctic  

Don't listen FUDers, maybe they want to buy at a low price, but for now arctic need to go up and not to be FUD. But all i can see is :

1) That theses guys seems to no believe in the project, and spread negative things here on the thread since 3 month ago, so why did they waste their time here ? If it is a shitcoin, they can leave it. Time is money, save your time, save your money (The period when you have buy arcticcoin around 0.05 $ is finish)

-Instead of what they said that it going to collapse bla bla bla... the price have rise Up more than X5 this last 1 month. There are fact and they are words. For new comers here, chart will speak for you, and facts are stronger than poeple which waste their time to say unless things here.


Be patient, and be confident. Arctic team is working as if they did have not respect their deadline. But deadline is just deadline as i already said since 1 week ago. And in other hand, don't listen too much poeple that saying that it's not a lot blablabla... the masternode is cheap, as if the rewards is not unbelievable wecan rise to 1$ and 2 $ hopefully. Because we are just on cryptopia, imagine that we go on bittrex ? 1 $ will be a piece of cake.

Be confident and patient, HOLD your position everybody, and when 1 $ or 2 $ is reach, just sell 1/5 of what you have to reward yourself and make the price stable, let time to new investissors come on the train and make the price growing up  

Peace and smile

[craigh]

Trying to get my first MN. I just spent over $300 to acquire this masternode. Hope I am on the right track? Where do you guys see this project heading in the nearest future?

Hi and welcome That's a good things. For the reward for now as he say it's around 0.35 - 2 coins. Yes you are on the train right now, the price have increase around X4 these 2 last week. We hope to rise to 1 $ which is the first goal. Long term Holders are always the Winner, and this year is a good year for alternative coin like arctic  

Don't listen FUDers, maybe they want to buy at a low price, but for now arctic need to go up and not to be FUD. But all i can see is :

1) That theses guys seems to no believe in the project, and spread negative things here on the thread since 3 month ago, so why did they waste their time here ? If it is a shitcoin, they can leave it. Time is money, save your time, save your money (The period when you have buy arcticcoin around 0.05 $ is finish)

-Instead of what they said that it going to collapse bla bla bla... the price have rise Up more than X5 this last 1 month. There are fact and they are words. For new comers here, chart will speak for you, and facts are stronger than poeple which waste their time to say unless things here.


Be patient, and be confident. Arctic team is working as if they did have not respect their deadline. But deadline is just deadline as i already said since 1 week ago. And in other hand, don't listen too much poeple that saying that it's not a lot blablabla... the masternode is cheap, as if the rewards is not unbelievable wecan rise to 1$ and 2 $ hopefully. Because we are just on cryptopia, imagine that we go on bittrex ? 1 $ will be a piece of cake.

Be confident and patient, HOLD your position everybody, and when 1 $ or 2 $ is reach, just sell 1/5 of what you have to reward yourself and make the price stable, let time to new investissors come on the train and make the price growing up  

Peace and smile

I can't see anyone here spreading FUD. I know that in this day and age, if ppl don't like the facts, they call it fake news!

Everyone should make up their own mind about where to invest. You can be a shill for the coin, I can state facts. It all balances out and gives readers here information they can believe or ignore.

Just a few questions to keep the debate going:

1. Where are the links to the Russian communities/forums where the dev team are active (as they are not active in their own English Discord)? I've asked for them many times; twice here in the last week or so.
2. What are the reasons for not delivering anything in 8 months and missing all roadmap deadlines?
3. What do you put the price increase down to? What activities from the devs has contributed to this good news?
4. What level of dev coin ownership is acceptable to you? These devs have 30%+ mainly from not burning swapped coins.

All the above are facts. Believe them or not; the choice is yours.

C.