[ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN

[Lunari]

How do you make staking active? Is there a setting for this?

On linux, at least, you have to add the following to the pivx.conf file: staking=1

But my computer crashes everyday (2 in a row) when staking. Then wallet gets corrupted and need to download the blockchain again. Are there any plans to solve this? I heard many people have this problem.

We are all focusing a lot of our attention on this issue.

Great! Wish i could help...

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[Keopha]

Hello guys, I'm new here, got introduced to PIVX by someone, can you guys help me a little ? I'm a bit confused as usually I buy cryptocurrency on coinbase, but I don't understand how to buy PIVX.. do you guys have some link to give me so I can dig into it ?
Thanks a lot

[Lunari]

Hello guys, I'm new here, got introduced to PIVX by someone, can you guys help me a little ? I'm a bit confused as usually I buy cryptocurrency on coinbase, but I don't understand how to buy PIVX.. do you guys have some link to give me so I can dig into it ?
Thanks a lot

Hi, first of all i think you should read as much as you can about bitcoin/block chain technology. If you want to gamble directly you could send your btc to bittrex or cryptopia who trade btc/pivx (2nd and 3rd biggest altcoin exchanges).

[jeffytune]

Hello guys, I'm new here, got introduced to PIVX by someone, can you guys help me a little ? I'm a bit confused as usually I buy cryptocurrency on coinbase, but I don't understand how to buy PIVX.. do you guys have some link to give me so I can dig into it ?
Thanks a lot

Hi, first of all i think you should read as much as you can about bitcoin/block chain technology. If you want to gamble directly you could send your btc to bittrex or cryptopia who trade btc/pivx (2nd and 3rd biggest altcoin exchanges).

For any currency including PIVX you can visit its page and click on Markets tab at coinmarketcap.com site to have list of exchanges and their trading volume for that currency to have a good idea overall.

[EleanorZ]

I don't understand how to buy PIVX.

Definitely read up and learn what you're getting yourself into, but if you want the TL;DR version....

This applies to pretty well any coin out there. Make an account with Bittrex or Cryptopia (or whatever exchange you like, but those are your best bests for PIVX). Find your BTC wallet address in whatever exchange you join. Send BTC to that address. Go to the BTC-PIVX market of your chosen exchange, and place a bid for X PIVX at Y price. If you don't care what you pay, you can make an immediate purchase at whatever the current asking price is. If you want to bid below the current asking price, your order will stay until it is filled--what you bid depends on what you think the price of PIVX is going to do going forward. Once purchased, your PIVX will be in your PIVX wallet at the exchange. If you want to sell again soon you can leave coins at the exchange, but you will not be able to stake them. Generally, you should withdraw your coins to your own PIVX wallet, which you'll have to download and install via the OP or PIVX website. Once the wallet is installed on your computer, withdraw your coins from your exchange wallet to the address of your own wallet. They should appear in seconds. Make sure to encrypt your wallet using a strong passphrase (under 'Settings'), and then unlock your wallet 'for staking etc. only'--this will allow your coins to stake, so long as you leave the wallet running. Note that some people are having occasional crashes with the most recent wallet, so be prepared for that or wait a little for the next release. The Devs are very efficient and usually fix these kinds of bugs quickly. (Note that a wallet crash doesn't mean your coins are lost; just that the wallet program acts up sometimes. It might be scary for a first-time user, but it's not usually a big deal.)

Good luck.

[QRKToTheMoonGuy]

How many PIVX you need for MN?

[jeffytune]

I don't understand how to buy PIVX.

Definitely read up and learn what you're getting yourself into, but if you want the TL;DR version....

This applies to pretty well any coin out there. Make an account with Bittrex or Cryptopia (or whatever exchange you like, but those are your best bests for PIVX). Find your BTC wallet address in whatever exchange you join. Send BTC to that address. Go to the BTC-PIVX market of your chosen exchange, and place a bid for X PIVX at Y price. If you don't care what you pay, you can make an immediate purchase at whatever the current asking price is. If you want to bid below the current asking price, your order will stay until it is filled--what you bid depends on what you think the price of PIVX is going to do going forward. Once purchased, your PIVX will be in your PIVX wallet at the exchange. If you want to sell again soon you can leave coins at the exchange, but you will not be able to stake them. Generally, you should withdraw your coins to your own PIVX wallet, which you'll have to download and install via the OP or PIVX website. Once the wallet is installed on your computer, withdraw your coins from your exchange wallet to the address of your own wallet. They should appear in seconds. Make sure to encrypt your wallet using a strong passphrase (under 'Settings'), and then unlock your wallet 'for staking etc. only'--this will allow your coins to stake, so long as you leave the wallet running. Note that some people are having occasional crashes with the most recent wallet, so be prepared for that or wait a little for the next release. The Devs are very efficient and usually fix these kinds of bugs quickly. (Note that a wallet crash doesn't mean your coins are lost; just that the wallet program acts up sometimes. It might be scary for a first-time user, but it's not usually a big deal.)

Good luck.

Sorry if my question sounds stupid but as I am new and learning so I should ask. What exactly is staking?

Is it something like Dash masternode?
And what's its purpose?

[The Crypto Baron]

Sorry if my question sounds stupid but as I am new and learning so I should ask. What exactly is staking?

Is it something like Dash masternode?
And what's its purpose?

Staking is an alternative to Proof of Work called Proof of Stake

How many PIVX you need for MN?

10,000

[Ricklosti]

Can someone provide the link to the staking calculator/estimator? Much appreciated please.

[JetstoBrazil]

Would 30 PIV ever get a stake payout? if so like how often. once a month or?

[EleanorZ]

What exactly is staking?

A way to generate coins. In proof of work (PoW), new coins are generated by mining (literally, a reward for solving puzzles using a computer or ASIC). In proof of stake (PoS), coin holders are rewarded for holding their coins with a few new 'minted' coins. Think of it as sort of analogous (but not really!) to interest in a savings account. Staking simply means to hold coins in your wallet for the purpose of gaining these rewards.

PIVX was PoW during its first phase, and now uses a combination of masternodes and PoS to add a few extra coins to the supply. The number/block is determined by a formula listed in the OP and whitepapers. Every reward method has its pros and cons; by combining methods, PIVX aims for a happy medium.

And yes, something like DASH. But there are important differences--again, check out the whitepapers in the OP and on the website, or speak with the Devs on Slack.

Can someone provide the link to the staking calculator/estimator? Much appreciated please.

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

MN Projections: https://docs.google.com/spreadsheets/d/1Dxze2uEbJQGTg1Qvh19lW-SiExrUIVYE7enK8_KEvd4/edit#gid=0

PIVX Dashboard: http://www.presstab.pw/phpexplorer/PIVX/index.php

[DRPD]

I don't understand how to buy PIVX.

Definitely read up and learn what you're getting yourself into, but if you want the TL;DR version....

This applies to pretty well any coin out there. Make an account with Bittrex or Cryptopia (or whatever exchange you like, but those are your best bests for PIVX). Find your BTC wallet address in whatever exchange you join. Send BTC to that address. Go to the BTC-PIVX market of your chosen exchange, and place a bid for X PIVX at Y price. If you don't care what you pay, you can make an immediate purchase at whatever the current asking price is. If you want to bid below the current asking price, your order will stay until it is filled--what you bid depends on what you think the price of PIVX is going to do going forward. Once purchased, your PIVX will be in your PIVX wallet at the exchange. If you want to sell again soon you can leave coins at the exchange, but you will not be able to stake them. Generally, you should withdraw your coins to your own PIVX wallet, which you'll have to download and install via the OP or PIVX website. Once the wallet is installed on your computer, withdraw your coins from your exchange wallet to the address of your own wallet. They should appear in seconds. Make sure to encrypt your wallet using a strong passphrase (under 'Settings'), and then unlock your wallet 'for staking etc. only'--this will allow your coins to stake, so long as you leave the wallet running. Note that some people are having occasional crashes with the most recent wallet, so be prepared for that or wait a little for the next release. The Devs are very efficient and usually fix these kinds of bugs quickly. (Note that a wallet crash doesn't mean your coins are lost; just that the wallet program acts up sometimes. It might be scary for a first-time user, but it's not usually a big deal.)

Good luck.

Sorry if my question sounds stupid but as I am new and learning so I should ask. What exactly is staking?

Is it something like Dash masternode?
And what's its purpose?

Np most of the time there are no dumb questions, only dumb answers

Quote form User Snail2

"Staking starts with storing your coins in your wallet. If your coins reached "maturity" (coin age=whatever days) you can start staking by opening your wallet and unlocking it for staking. Then your wallet start competing with other wallets for signing the next block. After signing a block you will get a reward -depending on the given coin that used to be a few percent of your staked coins- and your coins age will be zeroed out."

in short: you leave your coins in your wallet and let it open on your pc/mac and earn rewards (PIVX Coins)

For more Information chck the thread "What is staking?"
https://bitcointalk.org/index.php

Cheers

[jeffytune]

Thanks DRPD and EleanorZ.

In newbie terms I can sum up what I've learned till now is that staking is same as setting up master node BUT you don't freeze 10,000 PIV instead whatever you have you can freeze and earn some reward and as in setting up MN you mostly put in place VPS which has more CPU/RAM/DISK power but with staking your home computer does fine.

From http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html
Reward from last Block for Miners/Stakers: 6.21 PIV

Now that's divided to total number of stakers?

[TrueAnon]

Loving such results here, picked up some by chance for 11k and 15k....now some nice 40k sells w00t.  Thanks market player action, I hope has long term life this one but noooott suuuurre.  Who is dev?

Anyways, choochoo is always great! 

[DRPD]

Thanks DRPD and EleanorZ.

your wecome

In newbie terms I can sum up what I've learned till now is that staking is same as setting up master node BUT you don't freeze 10,000 PIV instead whatever you have you can freeze and earn some reward and as in setting up MN you mostly put in place VPS which has more CPU/RAM/DISK power but with staking your home computer does fine.

a masternode doesn't need more cpu/ram/disk. for 1 node i guess 265MB RAM 1 slow single core cpu should work and maybe 20GB Disk (depends on os u use)
you can use almost any pc at home for 1 masternode - no problem. a lot of us "noders" run more than 1 node so we sure need vps's with more ram,cpu,disk and you need a ip address for each node. example set up for 5 nodes on vultr would be:
25 GB SSD $5/mo $0.007/h 1 CPU 1024MB Memory 1000GB Bandwidth + at least 5 ipv6 addresses    

From http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html
Reward from last Block for Miners/Stakers: 6.21 PIV

Now that's divided to total number of stakers?

no i don't think so if you stake you get 6.21 PIVX.
since i'm a noder not a staker, maybe a staker can confirm this cuz i'm not sure

however if i get a mn rewards i get 7.29 PIVX

[DRPD]

Loving such results here, picked up some by chance for 11k and 15k....now some nice 40k sells w00t.  Thanks market player action, I hope has long term life this one but noooott suuuurre.  Who is dev?

see here: https://pivx.org/pivx-team/

Anyways, choochoo is always great! 

[jeffytune]

however if i get a mn rewards i get 7.29 PIVX

Reward for last Block: 13.50 PIV
Reward from last Block for Miners/Stakers: 6.21 PIV
Reward from last Block for Masternodes: 7.29 PIV
Estimated Payment per Masternode: 5.59 PIV / day

Now what's the math here 6.21 PIV from 13.50 PIV went to Miners/Stakers and remaining is 7.29 PIV while estimation about daily payout / MN is 5.59 PIV.

I think 7.29 PIV is to be distributed with all MN and according to some previous statistics they estimate that total payout would be around 5.59 PIV for every MN for today.

Am I right? (Cryptos are tough nuts to crack )

[DRPD]

however if i get a mn rewards i get 7.29 PIVX

Reward for last Block: 13.50 PIV
Reward from last Block for Miners/Stakers: 6.21 PIV
Reward from last Block for Masternodes: 7.29 PIV
Estimated Payment per Masternode: 5.59 PIV / day

Now what's the math here 6.21 PIV from 13.50 PIV went to Miners/Stakers and remaining is 7.29 PIV while estimation about daily payout / MN is 5.59 PIV.

if i get a reward, i get 7.29 PIVX atm (can change almost any time, depends on mn amount for example) but i don't get all 24 hrs a reward for each node
let's say i get a reward of 7.29 PIVX for each node all 31hrs, that would make ~5.59 PIVX/Day/Node

for stakers there is also a luck factor included afaik

I think 7.29 PIV is to be distributed with all MN and according to some previous statistics they estimate that total payout would be around 5.59 PIV for every MN for today.

Am I right? (Cryptos are tough nuts to crack )

well we all had to learn at the beginning, try step by step, even rome wasn't built in 1 day

[Ricklosti]

How many coins to you need to do regular staking/minting every 24 hours? More than the 10,000 amount for a master node?

[decentralizd]

How many coins to you need to do regular staking/minting every 24 hours? More than the 10,000 amount for a master node?

I have 7k and get a reward every 1 day to 1.5 days, sometimes more sometimes less. It evens out though.