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Question: I will be posting the DNET Price on the twitter at a set interval. Please vote for the frequency I will post it, I Want to lessen the complains of over activity.. Smiley
every 15 min - 42 (13.4%)
every 30 min - 16 (5.1%)
every hour - 60 (19.2%)
every 2 hours - 25 (8%)
every 4 hours - 170 (54.3%)
Total Voters: 313

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Author Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL  (Read 633658 times)
SnappySnap
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March 12, 2017, 03:17:56 AM
 #6041

Yes - VERY active community growing in slack (282 users, up from <250 just a few days ago).  One of the amazing things to observe is the strength of the community focused on aspects outside of just making $$$. 

This community (and project/coin) has a lot going for it.

PS: @q327K091 it would be awesome to see you in slack!!
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March 12, 2017, 07:58:36 AM
 #6042

New Binaries are online, you can get them from the OP, or the Website (should be updated soon)

Rpi now has Static Qt binary.. Smiley

s3v3n

For the Pivx-Qt-Rpi-Wallet-v2.1.5.zip  pivxd daemon inside the ZIP file it says

bash: ./pivxd "cannot execute binary file: Exec format error"

this is after making it executable by: chmod +x pivxd

The Raspberry Pi - QT wallet works like a charm  Cheesy

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March 12, 2017, 10:49:03 AM
 #6043

One of the hottest upcoming Coins atm. +1

Gratz

progmax
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March 12, 2017, 11:12:32 AM
 #6044

Please tell me:

How much masternode profit?

1Q3Nn6ZziegBN3s7dWEpkEdgMbdCcpkgAS
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March 12, 2017, 11:30:57 AM
 #6045

Please tell me:

How much masternode profit?

depends on mn amount (and staking too afaik)

you can find live up to date infos about ratio here:
http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html
SnappySnap
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March 12, 2017, 11:37:27 AM
 #6046

Please tell me:

How much masternode profit?

Well, there isn't a "direct" answer (in terms of $$ amount). The reason is multi-fold. First is as the value of a PIV goes up, so then would what a MN holder makes. Secondly, PIVX has implemented a "see-saw" mechanism of rewards.  Each block reward is split between Masternode Holder and Stake Holder (90% of the reward split between those two entities, 10% going to budge).  So, that 90% is split based on a ratio of MN to SH.  As the number of coins locked to masternodes goes above 41.5% of the total PIVX coin supply, the block reward amount will shift with more than 50% of the block reward going to staking nodes. This has the effect of making it less attractive to provision more masternodes as it has the potential to significantly lower its profitability compared to staking that has less upkeep cost.

CODE LOGIC WALKTHROUGH
The logic is intended to be simple as possible while being effective. This is to ensure its stability and to be able to easily determine its outcome and improve its logic if the need arises.
if (mNodeCoins <= (nMoneySupply * .01) && mNodeCoins > 0) {
               ret = blockValue * .90;
            }
The blockValue is the total number of coins per block. This value is multiplied by the variable ratio that is determined by the percentage of the masternode coins, (mNodeCoins) in relation to the total coin supply (nMoneySupply). The result ret value is the number of coins for the masternodes portion of the reward.
Above example shows the very first logic used to determine the highest masternode portion payout. You can see that if mNodecoins is less than or equal to 1% of the coin supply (nMoneySupply) and also greater than 0, the return block reward value for the masternode will be 90% of the PoS block (ret = blockValue * .90).
This logic continues for each increase in set percentages all the way until mNodeCoins is less than or equal to 99% of the coin supply.
else if (mNodeCoins <= (nMoneySupply * .99) && mNodeCoins > (nMoneySupply * .987)) {
                ret = blockValue * .05;
            }
Any mNodeCoins value that is beyond 99% of the total coin supply will return a fixed value equal to 1% of the blockValue. The expectation is that it should never come to this point but the logic is complete to cover all possible outcome.
else{
                ret = blockValue * .01;
   }
This Seesaw Reward Balance System algorithm initially started out with only 16 percentage steps; it has since been improved and now implements a total of 105 percentage steps to the variable seesaw algorithm that allows for a far more granular step amount.


SUMMARY
The Seesaw Reward Balance System that PIVX utilizes, provides numerous benefits over reward split methods used by the majority of masternode featuring Proof of Stake crypto-currencies.
It can indirectly affect the total count of masternodes in the network by varying its reward size to alter its profitability versus staking.

Promotes staking by increasing its reward payment portion when masternode count is high and thus maintaining a high level of network security.

Profitability of masternode is kept higher than staking as long as the masternode count remains below the equilibrium threshold. (Approx. 40% of coin supply)

Allows all coins owners to get rewarded for holding coins rather than just the masternode owners, hence resulting in a fairer and less centralized system


You can see a CURRENT snapshot of rewards based on all these factors (Ratio of MN/SH, current price, etc) here: http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html
Oifana
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March 12, 2017, 02:31:15 PM
 #6047

Hello, where to mining PIVX?
kbhutto
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March 12, 2017, 02:53:00 PM
 #6048

Hello, where to mining PIVX?

Its in PoS phase now. PoW ended last year. You cannot mine it now. Check OP.

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March 12, 2017, 02:57:12 PM
 #6049

Another good news. This time for scrypt miners!

Scrypt multi-pool https://prohashing.com is adding PIVX as a payout coin!
We expect them to add it within the next day or two. Spread the word. Smiley
So nwo miners can mine the most profitable scrypt coin and get paid PIVs!

you can't mine directly pivx but you can mine other coins and payout pivx
see the quote from good ole jakiman  Cheesy

edit: please add this mining possibility to op and pivx.org asap thanks
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March 12, 2017, 03:01:59 PM
 #6050

Another good news. This time for scrypt miners!

Scrypt multi-pool https://prohashing.com is adding PIVX as a payout coin!
We expect them to add it within the next day or two. Spread the word. Smiley
So nwo miners can mine the most profitable scrypt coin and get paid PIVs!

you can't mine directly pivx but you can mine other coins and payout pivx
see the quote from good ole jakiman  Cheesy

Or just grab these: :p :p

0.00005499       78462.00000000    4.3146    
0.00005500       24988.42962427    1.3744

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March 12, 2017, 03:03:31 PM
 #6051

Another good news. This time for scrypt miners!

Scrypt multi-pool https://prohashing.com is adding PIVX as a payout coin!
We expect them to add it within the next day or two. Spread the word. Smiley
So nwo miners can mine the most profitable scrypt coin and get paid PIVs!

you can't mine directly pivx but you can mine other coins and payout pivx
see the quote from good ole jakiman  Cheesy

Or just grab these: :p :p

0.00005499       78462.00000000    4.3146    
0.00005500       24988.42962427    1.3744

yeah many roads lead to Rome ....  Cool
q327K091
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March 12, 2017, 03:54:41 PM
 #6052

weak point of dash happens to be ongoing POW phase, there are sophisticated ASIC X11 devices out there, you stand no chance, use your GPU's for gaming (nice break from crypto actually) and save your energy (mental and electrical)

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
kbhutto
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March 12, 2017, 04:07:32 PM
 #6053

weak point of dash happens to be ongoing POW phase, there are sophisticated ASIC X11 devices out there, you stand no chance, use your GPU's for gaming (nice break from crypto actually) and save your energy (mental and electrical)

But supply is also tight........I think they have found the sweat spot

lithiumviper12
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March 12, 2017, 04:08:29 PM
 #6054

To stake the coin, I just need to download the wallet and keep my coins on it right? Is it a regular QT wallet for windows 10? Thanks guys.
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March 12, 2017, 04:22:17 PM
 #6055

To stake the coin, I just need to download the wallet and keep my coins on it right? Is it a regular QT wallet for windows 10? Thanks guys.

almost.

restart the wallet after full sync otherwise sometimes staking will not begin afaik.

recommended for security reason: encrypt your wallet with a good password.
after that go to "settings" -> "unlock wallet" mark "for anon. and staking only" option and put in your password -> wait some time for staking rewards rolling in.

last Tipp: backup your wallet from time to time (in case of a hardware problem hardisk failure and such)

happy staking  Smiley
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March 12, 2017, 04:35:14 PM
 #6056

weak point of dash happens to be ongoing POW phase, there are sophisticated ASIC X11 devices out there, you stand no chance, use your GPU's for gaming (nice break from crypto actually) and save your energy (mental and electrical)

But supply is also tight........I think they have found the sweat spot

maybe, I just find high price of entry of 10K $ last year encouraged narrow demographics of distribution , overall I am not out there to put down anything or anyone...if something works it works..

inflationary model here is also well thought out, and even if supply grows.. it is de-accelerated , self see this in daily payouts.. I mean after all they were like 25 DNET before and now... anyways.. this is all beginning stages of something big, ultimately is coin use that will decide if community builds up and then zcoin protocol then next natural thing is a market place a retail place and auction like place (long term projects) but might as well speculate..

I dont know if you saw but zcoin has also been dragged in the upwards direction (caught in time in trading time) we are tied to it by the virtue of upcoming libzercoin.so lib.. and that is cut edge....

zcoin is EXTREMELY tight in supply and has slow block growth curve.. algo computation time is probably contributing to it.. even wallet itself is still not polished... and requires babysitting.. but people are lining up to purchase it right now.. regardless. why ? potential...algo appears unbreakable and for us it is good for zcoin going forward will use code review and spot things like

= is not equal to == (which was found recently in the lib) but these are trivial errors.. and yet VERY important to catch

if zcoin lib is integrated with all the current patches and blockchain flows without breakdown, 3.5 mil mc will look like a good time to buy  Cheesy

cheers

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
kbhutto
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March 12, 2017, 04:49:26 PM
 #6057

weak point of dash happens to be ongoing POW phase, there are sophisticated ASIC X11 devices out there, you stand no chance, use your GPU's for gaming (nice break from crypto actually) and save your energy (mental and electrical)

But supply is also tight........I think they have found the sweat spot

maybe, I just find high price of entry of 10K $ last year encouraged narrow demographics of distribution , overall I am not out there to put down anything or anyone...if something works it works..

inflationary model here is also well thought out, and even if supply grows.. it is de-accelerated , self see this in daily payouts.. I mean after all they were like 25 DNET before and now... anyways.. this is all beginning stages of something big, ultimately is coin use that will decide if community builds up and then zcash protocol then next natural thing is a market place a retail place and auction like place (long term projects) but might as well speculate..

I dont know if you saw but zcoin has also been dragged in the upwards direction (caught in time in trading time) we are tied to it by the virtue of upcoming libzercoin.so lib.. and that is cut edge....

zcoin is EXTREMELY tight in supply and has slow block growth curve.. algo computation time is probably contributing to it.. even wallet itself is still not polished... and requires babysitting.. but people are lining up to purchase it right now.. regardless. why ? potential...algo appears unbreakable and for us it is good for zcoin going forward will use code review and spot things like

= is not equal to == (which was found recently in the lib) but these are trivial errors.. and yet VERY important to catch

cheers

Agree on zcoin, looks solid.......however in my opinion, for small investors (like me), I think diversified portfolio would be best........holding dnet, zcoin and zclassic (still mining)!

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March 12, 2017, 04:53:32 PM
 #6058

abs man... no arguments from me, if you are mining with less hardware as compared to farms.. then only for long term!

have a wonderful Sunday!

new upcoming awesome coin

the Gulden Coin: GKWHEPx3rQyPnbgQUSHu8gtgoRCgpqed1j
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March 12, 2017, 10:01:42 PM
 #6059

Have you seen Trex?  Shocked  Shocked It's skyrocketing, and before, oh, well, the add of that thing that jakiman knows a lot better than me to annon more the transactions. I have added another bunch of MN's from my stake, just  in case...

I'm not ENT dev neither affiliated with EternityGroup in any way. Simply, the coin gives good returns.
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March 13, 2017, 03:56:22 AM
 #6060

Although it was posted earlier by s3v3nh4cks, I think many may have missed it (I did!) so here it is in more visible form. Smiley

Wallet Update

New non-mandatory PIVX v2.1.5.0 wallet has been released with tons of bug fixes, enhancements and new features.

https://github.com/PIVX-Project/PIVX/releases

Change Log (not in any particular order)
1. Rpi wallet now has Static Qt binary!
2. Autocombine feature - Automatically combines coins below thereshold via a tansaction. Great for dust control.
3. Network enhancements - Increase outbound connections.
4. BIP38 tool now supports more characters.
5. Icons changed to non-transparent icon for better visibility.
6. Multisend now can filter between staking and masternode rewards. Also some bugs addressed.
7. Wallet crashing with certain blockchain corruption has been prevented.
8. Lots of updates for OS X build.
9. In-Wallet Blockexplorer!
10. Added Seed Nodes - You no longer need to add initial addnodes lines to pivx.conf!
11. Lots more minor updates (readme, copyright etc) and bug fixes.

Big kudos to all the devs that made this happen!

You can follow me on Twitter for the latest PIVX news & updates: https://twitter.com/jakimanboy
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