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Author Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL  (Read 659300 times)
StakeBox
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September 07, 2016, 06:25:17 PM
 #4201

That isn't too bad. How good is the staking  or is that included in the MN calculations?
The reward structure is set up so that as long as 1/3 or less of the total coin supply is locked up in masternodes it will be more profitable to have 10k in a masternode than to be staking 10k. The block rewards are fixed, the reward for staking is not a percentage of the staking input as with most other PoS coins. Here is a bit to help you better understand how things work.

While I have a bit of time to kill waiting for things to get going I figured I would talk for a minute about the PoS rewards for anyone who was wondering. If you either haven't been here for long, or haven't been keeping up with everything, you may have noticed that the rewards for staking don't seem to match up with what you may have expected. So here is a breakdown of what is going on, I posted this in slack when asked, so will just copy and paste it here with a bit of editing and a few additions.

Masternodes will be paid a portion of the block rewards. Refer to the OP of the ANN thread for the block rewards for any given block number. We have implemented a "seesaw" reward mechanism that is used to determine the split between the masternode and the staker of the block. Right now the value of each block is 50 DNET. 10% of that is reserved for the budget, which is voted on by the owners of masternodes, anyone can submit a proposal to be voted on. So, we are left with 45 DNET to be shared between the winning masternode and the staker

Here is the actual code that is used to determine the split.

else if(nHeight > LAST_POW_BLOCK)
   {
       int64_t nMoneySupply = chainActive.Tip()->nMoneySupply;
       int64_t mNodeCoins = mnodeman.size() * 10000 * COIN;

       if(fDebug)
           LogPrintf("GetMasternodePayment(): moneysupply=%s, nodecoins=%s \n", FormatMoney(nMoneySupply).c_str(),
               FormatMoney(mNodeCoins).c_str());

       if (mNodeCoins <= (nMoneySupply * .05) && mNodeCoins > 0) {
           ret = blockValue * .85;
       }
       else if (mNodeCoins <= (nMoneySupply * .1) && mNodeCoins >= (nMoneySupply * .05)) {
           ret = blockValue * .8;
       }
       else if (mNodeCoins <= (nMoneySupply * .15) && mNodeCoins >= (nMoneySupply * .1)) {
           ret = blockValue * .75;
       }
       else if (mNodeCoins <= (nMoneySupply * .2) && mNodeCoins >= (nMoneySupply * .15)) {
           ret = blockValue * .7;
       }
       else if (mNodeCoins <= (nMoneySupply * .25) && mNodeCoins >= (nMoneySupply * .2)) {
           ret = blockValue * .65;
       }
       else if (mNodeCoins <= (nMoneySupply * .3) && mNodeCoins >= (nMoneySupply * .25)) {
           ret = blockValue * .6;
       }
       else if (mNodeCoins <= (nMoneySupply * .35) && mNodeCoins >= (nMoneySupply * .3)) {
           ret = blockValue * .55;
       }
       else if (mNodeCoins <= (nMoneySupply * .4) && mNodeCoins >= (nMoneySupply * .35)) {
           ret = blockValue * .5;
       }
       else if (mNodeCoins <= (nMoneySupply * .45) && mNodeCoins >= (nMoneySupply * .4)) {
           ret = blockValue * .45;
       }
       else if (mNodeCoins <= (nMoneySupply * .5) && mNodeCoins >= (nMoneySupply * .45)) {
           ret = blockValue * .4;
       }
       else if (mNodeCoins <= (nMoneySupply * .55) && mNodeCoins >= (nMoneySupply * .5)) {
           ret = blockValue * .35;
       }
       else if (mNodeCoins <= (nMoneySupply * .6) && mNodeCoins >= (nMoneySupply * .55)) {
           ret = blockValue * .3;
       }
       else if (mNodeCoins <= (nMoneySupply * .65) && mNodeCoins >= (nMoneySupply * .6)) {
           ret = blockValue * .25;
       }
       else if (mNodeCoins <= (nMoneySupply * .7) && mNodeCoins >= (nMoneySupply * .65)) {
           ret = blockValue * .2;
       }
       else if (mNodeCoins <= (nMoneySupply * .75) && mNodeCoins >= (nMoneySupply * .7)) {
           ret = blockValue * .15;
       }
       else{
           ret = blockValue * .1;
       }
   }

So, basically, when the number of coins locked in masternodes is between 0 and 5 percent of of all available coins the winning masternode gets 85% of the block reward. using that as a reference you can go through the code to see that if the number of coins in masternodes is more than 75% of all available coins the winning masternode will get 10% of the block reward.

There are 16 steps to the seesaw right now, over time we will tweak the seesaw as we get a better feel for how the various aspects of the network perform. We started with the idea that about 1/3 of coins being in masternodes is an ideal split. That makes for a strong masternode network, which is responsible for the Obfuscation transactions as well as the SwiftTX transactions. It should also leave enough coins in the wild to support the needed level of staking to promote blockchain security, and have a good number of coins on the exchange to provide sufficient liquidity.

A more user friendly breakdown of the steps of the seesaw is as follows.

If number of coins in masternodes is between 0 and 5 percent of coin supply masternodes will receive 85% of the block rewards.
If number of coins in masternodes is between 5 and 10 percent of coin supply masternodes will receive 80% of the block rewards.
If number of coins in masternodes is between 10 and 15 percent of coin supply masternodes will receive 75% of the block rewards.
If number of coins in masternodes is between 15 and 20 percent of coin supply masternodes will receive 70% of the block rewards.
If number of coins in masternodes is between 20 and 25 percent of coin supply masternodes will receive 65% of the block rewards.
If number of coins in masternodes is between 25 and 30 percent of coin supply masternodes will receive 60% of the block rewards.
If number of coins in masternodes is between 30 and 35 percent of coin supply masternodes will receive 55% of the block rewards.
If number of coins in masternodes is between 35 and 40 percent of coin supply masternodes will receive 50% of the block rewards.
If number of coins in masternodes is between 40 and 45 percent of coin supply masternodes will receive 45% of the block rewards.
If number of coins in masternodes is between 45 and 50 percent of coin supply masternodes will receive 40% of the block rewards.
If number of coins in masternodes is between 50 and 55 percent of coin supply masternodes will receive 35% of the block rewards.
If number of coins in masternodes is between 55 and 60 percent of coin supply masternodes will receive 30% of the block rewards.
If number of coins in masternodes is between 60 and 65 percent of coin supply masternodes will receive 25% of the block rewards.
If number of coins in masternodes is between 65 and 70 percent of coin supply masternodes will receive 20% of the block rewards.
If number of coins in masternodes is between 70 and 75 percent of coin supply masternodes will receive 15% of the block rewards.
If number of coins in masternodes is more than 75 percent of coin supply masternodes will receive 10% of the block rewards.

This is a bit more rudimentary than we initially anticipated, but should work well enough for the time being until we get a good idea of the profitability of staking vs masternode ownership. We will be revisiting the seesaw once we have more data to base the numbers on.

The primary goal behind the seesaw is to ensure that it is always more profitable to have a masternode than it would be to just stake those 10k coins. The reason for that is the costs, hassles, and risks associated with upkeep of a masternode are greater than those of staking alone. But we also need to ensure that there are enough coins not in masternodes for the reasons presented above.

Low power dedicated staking hardware, learn more at StakeBox.com
Raspberry Pi wallets at github.com/StakeBox
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NotMyFarm
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September 08, 2016, 03:29:25 AM
 #4202

Mac Wallet still disconnecting (while staking) somewhere between the 24 h
have to restart once a day

My Transactions are all messed up
in overview it only shows very old once
 

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September 08, 2016, 04:08:53 AM
 #4203

DEV UPDATE

Mandatory v2.1.2.2 wallet update has been released today by Stakebox that has fixed some core bugs and include many frontend improvements.

https://github.com/Darknet-Crypto/Darknet/releases/tag/v2.1.2.2

Change Log
- Incorrect math for the max budget, the block rewards, and the seesaw mechanism were corrected.
- Issue with masternode payment enforcement has been addressed.
- Unconfirmed staking and masternode rewards will no longer be shown in coin control.
- Masternode rewards will be marked as such in the transactions tab, and will no longer show as confirmed prematurely.
- Staking and masternode rewards will also show in the immature row on the main overview page of the wallet.
- Transactions sent using Obfuscation were showing as Darksent in the transactions page before, they will show as Obfuscated now.
- 2 new RPC calls created. setstakesplitthreshold & getstakesplitthreshold. This will allow people to experiment with stake split sizes.
- Few other minor changes to the Qt

As with any wallet upgrades, please backup first then test with 1 or few of your wallets and masternodes first before upgrading all wallets.

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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September 08, 2016, 05:46:37 AM
 #4204

DEV UPDATE

Mandatory v2.1.2.2 wallet update has been released today by Stakebox that has fixed some core bugs and include many frontend improvements.

https://github.com/Darknet-Crypto/Darknet/releases/tag/v2.1.2.2

Change Log
- Incorrect math for the max budget, the block rewards, and the seesaw mechanism were corrected.
- Issue with masternode payment enforcement has been addressed.
- Unconfirmed staking and masternode rewards will no longer be shown in coin control.
- Masternode rewards will be marked as such in the transactions tab, and will no longer show as confirmed prematurely.
- Staking and masternode rewards will also show in the immature row on the main overview page of the wallet.
- Transactions sent using Obfuscation were showing as Darksent in the transactions page before, they will show as Obfuscated now.
- 2 new RPC calls created. setstakesplitthreshold & getstakesplitthreshold. This will allow people to experiment with stake split sizes.
- Few other minor changes to the Qt

As with any wallet upgrades, please backup first then test with 1 or few of your wallets and masternodes first before upgrading all wallets.

ok updating 5 nodes for test
is there a block or timeframe until the update must be done
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September 08, 2016, 05:49:12 AM
 #4205

Mac Wallet updated
works like a charm
back to staking  Wink

borris123
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September 08, 2016, 06:18:32 AM
 #4206

Does this fix masternode start-missing?
mikegi
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September 08, 2016, 07:15:25 AM
 #4207

DEV UPDATE

Mandatory v2.1.2.2 wallet update has been released today by Stakebox that has fixed some core bugs and include many frontend improvements.

https://github.com/Darknet-Crypto/Darknet/releases/tag/v2.1.2.2

Change Log
- Incorrect math for the max budget, the block rewards, and the seesaw mechanism were corrected.
- Issue with masternode payment enforcement has been addressed.
- Unconfirmed staking and masternode rewards will no longer be shown in coin control.
- Masternode rewards will be marked as such in the transactions tab, and will no longer show as confirmed prematurely.
- Staking and masternode rewards will also show in the immature row on the main overview page of the wallet.
- Transactions sent using Obfuscation were showing as Darksent in the transactions page before, they will show as Obfuscated now.
- 2 new RPC calls created. setstakesplitthreshold & getstakesplitthreshold. This will allow people to experiment with stake split sizes.
- Few other minor changes to the Qt

As with any wallet upgrades, please backup first then test with 1 or few of your wallets and masternodes first before upgrading all wallets.

Nice update, this has the kind of information I like to see.

Building now.. testing soon...
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September 08, 2016, 07:16:15 AM
 #4208

Does this fix masternode start-missing?

We'll have to wait for StakeBox or s3v3nh4cks to answer that one. But it wasn't specifically mentioned.

ok updating 5 nodes for test
is there a block or timeframe until the update must be done

Not sure if there is a timeframe as the chain isn't being touched. But hopefully the devs can answer this also.

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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September 08, 2016, 08:19:29 AM
 #4209

question

lets say i have 50k Dnet

i can run 5 MN's
can the 5 MN Wallets stake parallel ?
(be Masternodes and Stake at the same time)
 Huh

is there more payments for the 5 MN's
or 50k Wallet staking ?

borris123
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September 08, 2016, 08:23:51 AM
 #4210

question

lets say i have 50k Dnet

i can run 5 MN's
can the 5 MN Wallets stake parallel ?
(be Masternodes and Stake at the same time)
 Huh

is there more payments for the 5 MN's
or 50k Wallet staking ?

You earn more for masternodes and the coins earned from them can stake in the controller. The 10k will not stake and is locked.
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September 08, 2016, 08:24:29 AM
 #4211

question

lets say i have 50k Dnet

i can run 5 MN's
can the 5 MN Wallets stake parallel ?
(be Masternodes and Stake at the same time)
 Huh

is there more payments for the 5 MN's
or 50k Wallet staking ?

You earn more for masternodes and the coins earned from them can stake in the controller. The 10k will not stake and is locked.

cool
tx man

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September 08, 2016, 08:41:55 AM
 #4212

<snip>
is there more payments for the 5 MN's
or 50k Wallet staking ?

Watch here and compare the reward from last block for stakers & masternodes. Right now, you can see that the reward for masternode is higher. (29 vs 16 per block) Once masternode count goes over 1550 (and up to 1770) based on 35-40% of current coin supply, profitability will become equal between staking & running a masternode. This seesaw algorithm may be improved over time to ensure a good balance of network security and anonimity/services of DNET.

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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September 08, 2016, 09:18:37 AM
 #4213

<snip>
is there more payments for the 5 MN's
or 50k Wallet staking ?

Watch here and compare the reward from last block for stakers & masternodes. Right now, you can see that the reward for masternode is higher. (29 vs 16 per block) Once masternode count goes over 1550 (and up to 1770) based on 35-40% of current coin supply, profitability will become equal between staking & running a masternode. This seesaw algorithm may be improved over time to ensure a good balance of network security and anonimity/services of DNET.

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

interesting

any idea what is the plan about the improvements of privacy here?
TOR MN's or different mixing or what is the 'general' idea ?
tx

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September 08, 2016, 09:27:34 AM
 #4214

<snip>
is there more payments for the 5 MN's
or 50k Wallet staking ?

Watch here and compare the reward from last block for stakers & masternodes. Right now, you can see that the reward for masternode is higher. (29 vs 16 per block) Once masternode count goes over 1550 (and up to 1770) based on 35-40% of current coin supply, profitability will become equal between staking & running a masternode. This seesaw algorithm may be improved over time to ensure a good balance of network security and anonimity/services of DNET.

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

interesting

any idea what is the plan about the improvements of privacy here?
TOR MN's or different mixing or what is the 'general' idea ?
tx

there are tor masternodes now. someone is in the process of writing a guide to get it all set up.

the truly anonymous transactions is in the works now but thats all we know. it works differently than darksend, mixing and other similar ideas where if you really had the patience you could check the transactions on block explorer and work your way back. dont know how its going to work yet.
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September 08, 2016, 10:46:40 AM
 #4215

So what's the situation with the number of devs? Some time ago you guys mentioned you might be getting another one on board?
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September 08, 2016, 11:55:30 AM
 #4216

is someone working on the website? seems abit outdated now and there are things that could be added
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September 08, 2016, 12:22:25 PM
 #4217

any problems with the new wallet? no crashes?
kokokoin
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September 08, 2016, 12:40:25 PM
 #4218

Does this fix masternode start-missing?
Is it broken?

.
PLAY
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September 08, 2016, 12:51:50 PM
 #4219

Does this fix masternode start-missing?
Is it broken?

It crashes the wallet. Wallet lags and crashes while starting numerous masternodes one after the other as well not just start-missing
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September 08, 2016, 12:54:22 PM
 #4220

any problems with the new wallet? no crashes?

masternodes looking good so far (only a few hrs so far)
windows wallet still crashing sometimes while running "masternode start-missing"
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