Bitcoin Forum
November 22, 2017, 03:13:40 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Mine VNL by opening a Node... not just PoS an incentive reward for superpeers  (Read 799 times)
bitcoin carpenter
Legendary
*
Offline Offline

Activity: 1414


View Profile
September 20, 2015, 07:58:08 PM
 #1

Quote from: traumschiff on September 18, 2015, 11:05:29 AM

PSA on the Node Incentives [FAQ]

Whate is the Node Incentives system?

The node incentive system has been introduced with the recent updates. Super Peers will get honored with a % of PoW in exchange for their honest work on the network

Paper: https://github.com/john-connor/papers/blob/master/incentive.pdf

Basic information (Wiki):http://vanillacoin.net/wiki/Technologies/Node%20Incentives.md

Progress thread: https://talk.vanillacoin.net/topic/207/incentive-system

Collateral algorithm: https://gist.github.com/john-connor/b6799efff326ff77d418

Reward algorithm: https://gist.github.com/john-connor/967ba7f7e9dd0ec1f7a9


When will the Node Incentives go live?

Node Incentives will go live with 1% of PoW reward with block 210,000. Estimated time: 09/19/2015 11:03:22 - 21h 12m 1s


What do I need to be able to get rewards?

- You will need a wallet with 9999 Vanillacoins when block height will be > 220,000

- Your router needs to have the port open that you have in your config.dat file (Windows: Local Disk (C:) > Users > Your User > AppData > Roaming > Vanillacoin)

- Your wallet needs to have a 15 min uptime currently (should be increased later)


What are the rewards?

The exact reward structure can be found in the links above, but the range is 1-40% of the PoW rewards


Do I need to unlock the wallet?

Unlock once after you sent the Vanillacoins needed, but you can relock it after


Any info about the Node Incentive via the wallet?

Type in console: getincentiveinfo


How much will system resources play a part in the incentive?

More bandwidth usage to spread the blockchain, & more daemon call (to send the blocks on the network)


What is the limitation for the Super Peers?

Only 1 Super Peer / IP adress is allowed


 
 
           ▄████▄
         ▄████████▄
       ▄████████████▄
     ▄████████████████▄
    ████████████████████      ▄█▄                 ▄███▄                 ▄███▄                 ▄████████████████▀   ▄██████████

  ▄▄▄▀█████▀▄▄▄▄▀█████▀▄▄▄     ▀██▄             ▄██▀ ▀██▄             ▄██▀ ▀██▄             ▄██▀                   ██
▄█████▄▀▀▀▄██████▄▀▀▀▄█████▄     ▀██▄         ▄██▀     ▀██▄         ▄██▀     ▀██▄         ▄██▀        ▄█▄          ▀██████████████▄
████████████████████████████       ▀██▄     ▄██▀         ▀██▄     ▄██▀         ▀██▄     ▄██▀          ▀█▀                        ██
 ▀████████████████████████▀          ▀██▄ ▄██▀             ▀██▄ ▄██▀     ▄█▄     ▀██▄ ▄██▀                                       ██
   ▀████████████████████▀              ▀███▀                 ▀███▀       ▀█▀       ▀███▀      ▄███████████████████████████████████▀
     ▀████████████████▀
       ▀████████████▀
         ▀████████▀
           ▀████▀
║║


║║
.
.

║║
██
║║
.
.

║║
██
║║
.
║║


║║
1511363620
Hero Member
*
Offline Offline

Posts: 1511363620

View Profile Personal Message (Offline)

Ignore
1511363620
Reply with quote  #2

1511363620
Report to moderator
1511363620
Hero Member
*
Offline Offline

Posts: 1511363620

View Profile Personal Message (Offline)

Ignore
1511363620
Reply with quote  #2

1511363620
Report to moderator
1511363620
Hero Member
*
Offline Offline

Posts: 1511363620

View Profile Personal Message (Offline)

Ignore
1511363620
Reply with quote  #2

1511363620
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511363620
Hero Member
*
Offline Offline

Posts: 1511363620

View Profile Personal Message (Offline)

Ignore
1511363620
Reply with quote  #2

1511363620
Report to moderator
1511363620
Hero Member
*
Offline Offline

Posts: 1511363620

View Profile Personal Message (Offline)

Ignore
1511363620
Reply with quote  #2

1511363620
Report to moderator
Liquid71
Hero Member
*****
Offline Offline

Activity: 846


There is NO Freedom without Privacy


View Profile
September 20, 2015, 10:45:33 PM
 #2

So does this mean that skynet is self aware  Huh

PirateChain
Newbie
*
Offline Offline

Activity: 5


View Profile
September 23, 2015, 12:22:22 PM
 #3

So a person pays 9999 VNL coin deposit and sometimes gets 1% of the block reward. 

1. How much is the block reward?

2. How often can a person expect to win?  Like, lets say there are 500 nodes? How often would somebody win that 1% block reward?

And, are there 500 nodes?
GriffinHeart
Full Member
***
Offline Offline

Activity: 182


Hello there!


View Profile
September 23, 2015, 12:30:43 PM
 #4

Huh, well that's a heck of a bribery tool on the developer's part.
Pretty clever if you ask me, securing the network while getting a reward.
There are a few limitations though, I think people will be blinded by the "FREE VNL! AWWW YISSS!"

Hi there, I'm from South Africa.
This means I'm poor, I guess.
h1gh1s6
Jr. Member
*
Offline Offline

Activity: 30


View Profile
September 23, 2015, 03:23:37 PM
 #5

Take a look at these links to see how many superpeers there are. Keep in mind, the 10,000 VNL collateral is currently not required, so I would expect this number to drop a bit once that is enforced at block 220000.

http://vanillacoin.net/network/graphfullscreen.php
http://vanillacoin.net/network.php
bigfryguy
Sr. Member
****
Offline Offline

Activity: 416


View Profile
September 24, 2015, 11:46:29 PM
 #6

So a person pays 9999 VNL coin deposit and sometimes gets 1% of the block reward.  

1. How much is the block reward?

2. How often can a person expect to win?  Like, lets say there are 500 nodes? How often would somebody win that 1% block reward?

And, are there 500 nodes?







1)at the moment block reward is 61.  it gets reduced by 1/6th every 50k blocks

once enforcement has started, probably this weekend, every block(I think) will give up a reward  

2) there are 700ish  blocks a day so devide 700/ number of superpeers that meet the requirements.
    at the moment if enforcement was in place and you had your wallet open continuously for a few days it would be around 7 times a day.
    unfotunatley enforcement hasnt stopped yet so only about half to two/thirds of the miners are giving up the reward

sorry didnt realize half the blocks are PoS, John says there are only 21000 coins/day atm, so take  whatever %incentive is and/by the amount of superpeers running, this will give you your daily reward


bigfryguy
Sr. Member
****
Offline Offline

Activity: 416


View Profile
September 26, 2015, 06:40:07 PM
 #7

made a how to in altcoin discussion
https://bitcointalk.org/index.php?topic=1190741.0

should help you get up and running

only 4500 blocks aprox 5 days before this ramps up.



HAVE YOU GOT YOUR PEER UP AND MINING YET?

bitcoin carpenter
Legendary
*
Offline Offline

Activity: 1414


View Profile
September 27, 2015, 02:20:12 AM
 #8

Nice helpful link

https://talk.vanillacoin.net/topic/212/running-some-extra-superpeer-out-of-a-vm-and-cheap-vps-vpn


 
 
           ▄████▄
         ▄████████▄
       ▄████████████▄
     ▄████████████████▄
    ████████████████████      ▄█▄                 ▄███▄                 ▄███▄                 ▄████████████████▀   ▄██████████

  ▄▄▄▀█████▀▄▄▄▄▀█████▀▄▄▄     ▀██▄             ▄██▀ ▀██▄             ▄██▀ ▀██▄             ▄██▀                   ██
▄█████▄▀▀▀▄██████▄▀▀▀▄█████▄     ▀██▄         ▄██▀     ▀██▄         ▄██▀     ▀██▄         ▄██▀        ▄█▄          ▀██████████████▄
████████████████████████████       ▀██▄     ▄██▀         ▀██▄     ▄██▀         ▀██▄     ▄██▀          ▀█▀                        ██
 ▀████████████████████████▀          ▀██▄ ▄██▀             ▀██▄ ▄██▀     ▄█▄     ▀██▄ ▄██▀                                       ██
   ▀████████████████████▀              ▀███▀                 ▀███▀       ▀█▀       ▀███▀      ▄███████████████████████████████████▀
     ▀████████████████▀
       ▀████████████▀
         ▀████████▀
           ▀████▀
║║


║║
.
.

║║
██
║║
.
.

║║
██
║║
.
║║


║║
bigfryguy
Sr. Member
****
Offline Offline

Activity: 416


View Profile
September 28, 2015, 04:47:18 AM
 #9

3500 blocks left until % starts increasing, and collateral kicks in

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!