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ozboy2014
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January 19, 2016, 06:20:23 AM |
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Taken me a while to sync this 1.2.2.2 version. Might be me in net connection. Usually pretty quick with the other versions.. |
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CryptoMaik
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January 19, 2016, 06:56:59 AM |
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Do NOT even get me started on AmberCoin right now lol..........
As for the current block reward it is currently just 0.5 TX/block on PoS.
Concerning the Lotto, maybe not having a masternode as a requirement because not everyone is technically or logistically able to setup a masternode, but at least 10,000 TX to buy tickets or possibly no TX min requirement to include everyone.
Not everyone can afford 0.3 BTC (at current TX prices) at the drop of a hat (lookin out for all my poor peeps since I was one when I first started crypto). Maybe a middle ground of 5000 TX held or even 1000.
In fact as wigitgetit said "This is a Community Effort" Therefore why not set up a poll to see if there should be:
1) No Min TX Limit
2) 1000 TX Min
3 5000 TX Min
4) 10000 TX Min
That's a fact I didn't thought about, 1 000 coins could make people stay after the lotto  Masternode requirements of 10.000 is okay. With 5000 or 1000 we get to many nodes and the profit per node wil go down. In 2 weeks time transfer get from 20 nodes to 60-70 masternodes. |
CryptoMaik ✔
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nrvasquez
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January 19, 2016, 08:03:24 AM |
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Do NOT even get me started on AmberCoin right now lol..........
As for the current block reward it is currently just 0.5 TX/block on PoS.
Concerning the Lotto, maybe not having a masternode as a requirement because not everyone is technically or logistically able to setup a masternode, but at least 10,000 TX to buy tickets or possibly no TX min requirement to include everyone.
Not everyone can afford 0.3 BTC (at current TX prices) at the drop of a hat (lookin out for all my poor peeps since I was one when I first started crypto). Maybe a middle ground of 5000 TX held or even 1000.
In fact as wigitgetit said "This is a Community Effort" Therefore why not set up a poll to see if there should be:
1) No Min TX Limit
2) 1000 TX Min
3 5000 TX Min
4) 10000 TX Min
That's a fact I didn't thought about, 1 000 coins could make people stay after the lotto Masternode requirements of 10.000 is okay. With 5000 or 1000 we get to many nodes and the profit per node wil go down. In 2 weeks time transfer get from 20 nodes to 60-70 masternodes. Considering that DASH Masternode cost 1,000 DASH=11.148 BTC. I believe 0.3011 BTC for a TX Masternode is cheap. With POW coins becoming more difficult and costly to mine (hardware and electricity). TX will be the top POS coin out there. And getting 10,000 TX to set up your Masternode is a great investment in the long run. |
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WigitGetIt
Legendary
 Offline
Activity: 952
Merit: 1000
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January 19, 2016, 11:50:32 AM |
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Taken me a while to sync this 1.2.2.2 version. Might be me in net connection. Usually pretty quick with the other versions.. Add the below line to transfer.conf and restart the wallet to improve syncing. maxorphanblocks=5000 |
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socal
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January 19, 2016, 11:56:19 AM |
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Do NOT even get me started on AmberCoin right now lol..........
As for the current block reward it is currently just 0.5 TX/block on PoS.
Concerning the Lotto, maybe not having a masternode as a requirement because not everyone is technically or logistically able to setup a masternode, but at least 10,000 TX to buy tickets or possibly no TX min requirement to include everyone.
Not everyone can afford 0.3 BTC (at current TX prices) at the drop of a hat (lookin out for all my poor peeps since I was one when I first started crypto). Maybe a middle ground of 5000 TX held or even 1000.
In fact as wigitgetit said "This is a Community Effort" Therefore why not set up a poll to see if there should be:
1) No Min TX Limit
2) 1000 TX Min
3 5000 TX Min
4) 10000 TX Min
That's a fact I didn't thought about, 1 000 coins could make people stay after the lotto Masternode requirements of 10.000 is okay. With 5000 or 1000 we get to many nodes and the profit per node wil go down. In 2 weeks time transfer get from 20 nodes to 60-70 masternodes. You misunderstood me I'm not talking about changing the minimum requirement for Master Nodes I'm talking about if we had a Lotto for the Trezor wallet then would there e a minimum TX requirement to buy lotto tickets and if so how much. |
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PapillonV
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January 19, 2016, 03:57:54 PM |
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How many TX for 24 hours with one Masternode?
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WigitGetIt
Legendary
Offline
Activity: 952
Merit: 1000
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January 19, 2016, 04:12:48 PM |
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Do NOT even get me started on AmberCoin right now lol..........
As for the current block reward it is currently just 0.5 TX/block on PoS.
Concerning the Lotto, maybe not having a masternode as a requirement because not everyone is technically or logistically able to setup a masternode, but at least 10,000 TX to buy tickets or possibly no TX min requirement to include everyone.
Not everyone can afford 0.3 BTC (at current TX prices) at the drop of a hat (lookin out for all my poor peeps since I was one when I first started crypto). Maybe a middle ground of 5000 TX held or even 1000.
In fact as wigitgetit said "This is a Community Effort" Therefore why not set up a poll to see if there should be:
1) No Min TX Limit
2) 1000 TX Min
3 5000 TX Min
4) 10000 TX Min
The 5000 and 10000 TX seems a little expensive for people to participate. 5000 TX is worth 0.13825 BTC (Trezor is 0.26 BTC) (both prices as of this post) 10000 TX is worth 0.2765 BTC (Trezor is 0.26 BTC) (both prices as of this post) This is what I would like to propose.Lets say 500 TX or 1000 TX per ticket. I want to make it affordable for everyone to participate. 500 TX is worth 0.013825 BTC (at time of this post) 1000 TX is worth 0.02765 BTC (at time of this post) Users can enter as many times as they want. Entry Period would be two weeks. Trezors ( https://www.bitcointrezor.com/) are $99 USD and that is 0.26 BTC (at time of this post) What would we do with the TX sent for the tickets. I believe someone proposed 1/2 for development funds and 1/2 for a foundation-like wallet. This is a good idea. Feedback appreciated. |
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raimch89
Legendary
Offline
Activity: 1169
Merit: 1000
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January 19, 2016, 04:16:51 PM |
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i agree
i vote for 500 tx, it is possible to buy more than 1 ticket
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chey
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January 19, 2016, 04:19:28 PM |
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How many TX for 24 hours with one Masternode?
Here is one way to do this... I went to the block explorer, opened up the richlist and expanded it to include the Top 100, then i scrolled down to find wallets in the 10,000 balance range and picked one...for example: https://chainz.cryptoid.info/tx/address.dws?25381.htmThat is a masternode address because the first tx in is 10,000 and the other transactions are 0.5 From there you can figure out how many TX that masternode is getting each day. For instance, yesterday that MN earned 11.5 TX. You could pull a few more addresses... repeat those steps and come up with an average if you like. Hope that helps. |
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WigitGetIt
Legendary
Offline
Activity: 952
Merit: 1000
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January 19, 2016, 04:22:38 PM |
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How many TX for 24 hours with one Masternode?
Here is one way to do this... I went to the block explorer, opened up the richlist and expanded it to include the Top 100, then i scrolled down to find wallets in the 10,000 balance range and picked one...for example: https://chainz.cryptoid.info/tx/address.dws?25381.htmThat is a masternode address because the first tx in is 10,000 and the other transactions are 0.5 From there you can figure out how many TX that masternode is getting each day. For instance, yesterday that MN earned 11.5 TX. You could pull a few more addresses... repeat those steps and come up with an average if you like. Hope that helps. You are looking at 10 TX a day. Currently 70 Masternodes online. (1440 / 2) / Num of masternodes 1440 TX created a day. Divide that by 2 as the BR is 0.5 for masternodes and PoS stakers. 70 masternodes currently online. is what I just calculated, using the math above. 10.28571428571429 |
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chey
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January 19, 2016, 04:26:09 PM |
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How many TX for 24 hours with one Masternode?
Here is one way to do this... I went to the block explorer, opened up the richlist and expanded it to include the Top 100, then i scrolled down to find wallets in the 10,000 balance range and picked one...for example: https://chainz.cryptoid.info/tx/address.dws?25381.htmThat is a masternode address because the first tx in is 10,000 and the other transactions are 0.5 From there you can figure out how many TX that masternode is getting each day. For instance, yesterday that MN earned 11.5 TX. You could pull a few more addresses... repeat those steps and come up with an average if you like. Hope that helps. You are looking at 10 TX a day. Currently 70 Masternodes online. (1440 / 2) / Num of masternodes 1440 TX created a day. Divide that by 2 as the BR is 0.5 for masternodes and PoS stakers. 70 masternodes currently online. is what I just calculated, using the math above. 10.28571428571429 That is certainly a much simpler way of doing it  |
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WigitGetIt
Legendary
Offline
Activity: 952
Merit: 1000
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January 19, 2016, 04:28:17 PM |
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How many TX for 24 hours with one Masternode?
Here is one way to do this... I went to the block explorer, opened up the richlist and expanded it to include the Top 100, then i scrolled down to find wallets in the 10,000 balance range and picked one...for example: https://chainz.cryptoid.info/tx/address.dws?25381.htmThat is a masternode address because the first tx in is 10,000 and the other transactions are 0.5 From there you can figure out how many TX that masternode is getting each day. For instance, yesterday that MN earned 11.5 TX. You could pull a few more addresses... repeat those steps and come up with an average if you like. Hope that helps. You are looking at 10 TX a day. Currently 70 Masternodes online. (1440 / 2) / Num of masternodes 1440 TX created a day. Divide that by 2 as the BR is 0.5 for masternodes and PoS stakers. 70 masternodes currently online. is what I just calculated, using the math above. 10.28571428571429 That is certainly a much simpler way of doing it I had help from infernoman on that. Please make sure to thank him.  |
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chey
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January 19, 2016, 04:42:46 PM |
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That is certainly a much simpler way of doing it I had help from infernoman on that. Please make sure to thank him. Thanks infernoman!  |
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avitas
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January 19, 2016, 04:46:52 PM |
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Do NOT even get me started on AmberCoin right now lol..........
As for the current block reward it is currently just 0.5 TX/block on PoS.
Concerning the Lotto, maybe not having a masternode as a requirement because not everyone is technically or logistically able to setup a masternode, but at least 10,000 TX to buy tickets or possibly no TX min requirement to include everyone.
Not everyone can afford 0.3 BTC (at current TX prices) at the drop of a hat (lookin out for all my poor peeps since I was one when I first started crypto). Maybe a middle ground of 5000 TX held or even 1000.
In fact as wigitgetit said "This is a Community Effort" Therefore why not set up a poll to see if there should be:
1) No Min TX Limit
2) 1000 TX Min
3 5000 TX Min
4) 10000 TX Min
The 5000 and 10000 TX seems a little expensive for people to participate. 5000 TX is worth 0.13825 BTC (Trezor is 0.26 BTC) (both prices as of this post) 10000 TX is worth 0.2765 BTC (Trezor is 0.26 BTC) (both prices as of this post) This is what I would like to propose.Lets say 500 TX or 1000 TX per ticket. I want to make it affordable for everyone to participate. 500 TX is worth 0.013825 BTC (at time of this post) 1000 TX is worth 0.02765 BTC (at time of this post) Users can enter as many times as they want. Entry Period would be two weeks. Trezors ( https://www.bitcointrezor.com/) are $99 USD and that is 0.26 BTC (at time of this post) What would we do with the TX sent for the tickets. I believe someone proposed 1/2 for development funds and 1/2 for a foundation-like wallet. This is a good idea. Feedback appreciated. Well 1 Tx is about $0.01 right now...so since most lotto tickets are $1.00, it would be a good time to have entry fee of 100 Tx. small enough for anyone to get in right now. |
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WigitGetIt
Legendary
Offline
Activity: 952
Merit: 1000
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January 19, 2016, 04:52:14 PM |
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Do NOT even get me started on AmberCoin right now lol..........
As for the current block reward it is currently just 0.5 TX/block on PoS.
Concerning the Lotto, maybe not having a masternode as a requirement because not everyone is technically or logistically able to setup a masternode, but at least 10,000 TX to buy tickets or possibly no TX min requirement to include everyone.
Not everyone can afford 0.3 BTC (at current TX prices) at the drop of a hat (lookin out for all my poor peeps since I was one when I first started crypto). Maybe a middle ground of 5000 TX held or even 1000.
In fact as wigitgetit said "This is a Community Effort" Therefore why not set up a poll to see if there should be:
1) No Min TX Limit
2) 1000 TX Min
3 5000 TX Min
4) 10000 TX Min
The 5000 and 10000 TX seems a little expensive for people to participate. 5000 TX is worth 0.13825 BTC (Trezor is 0.26 BTC) (both prices as of this post) 10000 TX is worth 0.2765 BTC (Trezor is 0.26 BTC) (both prices as of this post) This is what I would like to propose.Lets say 500 TX or 1000 TX per ticket. I want to make it affordable for everyone to participate. 500 TX is worth 0.013825 BTC (at time of this post) 1000 TX is worth 0.02765 BTC (at time of this post) Users can enter as many times as they want. Entry Period would be two weeks. Trezors ( https://www.bitcointrezor.com/) are $99 USD and that is 0.26 BTC (at time of this post) What would we do with the TX sent for the tickets. I believe someone proposed 1/2 for development funds and 1/2 for a foundation-like wallet. This is a good idea. Feedback appreciated. Well 1 Tx is about $0.01 right now...so since most lotto tickets are $1.00, it would be a good time to have entry fee of 100 Tx. small enough for anyone to get in right now. Ok. That sounds good. I really didn't think of it that way, but that makes total sense to me. |
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WigitGetIt
Legendary
Offline
Activity: 952
Merit: 1000
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January 19, 2016, 04:57:21 PM |
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Livecoin.net Update.looks like livecoin had a DDOS on 1/16/2016 from the influx of new users and users with bots. I have contacted them to check the status of adding us. My guess is that has been the delay to the addition. If you have an account already, login and you should be able to see the notice they sent to users within there platform. Below is Infernoman's referral link if you have not signed up yet. https://livecoin.net?from=Livecoin-1qufzqNcThank You for the patience.
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socal
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January 19, 2016, 05:05:26 PM |
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I still think setting up a Master Node with the TX from Lotto sales would be good it takes those TX out of the market, secures the network, and gives Inferno another item to Raffle off at a later date.
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avitas
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January 19, 2016, 05:09:59 PM |
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Do NOT even get me started on AmberCoin right now lol..........
As for the current block reward it is currently just 0.5 TX/block on PoS.
Concerning the Lotto, maybe not having a masternode as a requirement because not everyone is technically or logistically able to setup a masternode, but at least 10,000 TX to buy tickets or possibly no TX min requirement to include everyone.
Not everyone can afford 0.3 BTC (at current TX prices) at the drop of a hat (lookin out for all my poor peeps since I was one when I first started crypto). Maybe a middle ground of 5000 TX held or even 1000.
In fact as wigitgetit said "This is a Community Effort" Therefore why not set up a poll to see if there should be:
1) No Min TX Limit
2) 1000 TX Min
3 5000 TX Min
4) 10000 TX Min
The 5000 and 10000 TX seems a little expensive for people to participate. 5000 TX is worth 0.13825 BTC (Trezor is 0.26 BTC) (both prices as of this post) 10000 TX is worth 0.2765 BTC (Trezor is 0.26 BTC) (both prices as of this post) This is what I would like to propose.Lets say 500 TX or 1000 TX per ticket. I want to make it affordable for everyone to participate. 500 TX is worth 0.013825 BTC (at time of this post) 1000 TX is worth 0.02765 BTC (at time of this post) Users can enter as many times as they want. Entry Period would be two weeks. Trezors ( https://www.bitcointrezor.com/) are $99 USD and that is 0.26 BTC (at time of this post) What would we do with the TX sent for the tickets. I believe someone proposed 1/2 for development funds and 1/2 for a foundation-like wallet. This is a good idea. Feedback appreciated. Well 1 Tx is about $0.01 right now...so since most lotto tickets are $1.00, it would be a good time to have entry fee of 100 Tx. small enough for anyone to get in right now. Ok. That sounds good. I really didn't think of it that way, but that makes total sense to me. Also, since we are splitting the funds for development and a transfer foundation, i vote to have 200tx min, just like power ball =P, so we can split some of that into the transfer "station" and administrative costs. how about that? |
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Poll
