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

[B8888]

Good evening friends. How many PIVX are in circulation? What is coin cap limit? Interesting project here...

Welcome. This information plus a lot else is available in the OP here:

https://bitcointalk.org/index.php?topic=1262920.0

...and even more info is available on the official PIVX website here:

https://pivx.org/

If you're interested in masternodes, both of the above plus:

https://pivxmasternode.org/

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

Thank you friend. One thing I notice is that PIVX requires one to put up 10k PIVX for a MN. Why did you choose 10k vs 1K like DASH? It seems PIVX MN are already more valuable than DASH in a way? What are some advantages of a PIVX node vs DASH node?

[1576166080]

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[1576166080]

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[1576166080]

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[EleanorZ]

Thank you friend. One thing I notice is that PIVX requires one to put up 10k PIVX for a MN. Why did you choose 10k vs 1K like DASH? It seems PIVX MN are already more valuable than DASH in a way? What are some advantages of a PIVX node vs DASH node?

PIVX's circulation is larger than DASH's...53 mil. PIVX vs. 7.2 mil. DASH at present. PIVX's circulation is ~10x larger than DASH's, so the MNs need 10x more coins, I think. However, the developers would be able to give you a better answer--if you're interested, most of the community is on Slack. slack.pivx.org

[Ricklosti]

Good evening friends. How many PIVX are in circulation? What is coin cap limit? Interesting project here...

Welcome. This information plus a lot else is available in the OP here:

https://bitcointalk.org/index.php?topic=1262920.0

...and even more info is available on the official PIVX website here:

https://pivx.org/

If you're interested in masternodes, both of the above plus:

https://pivxmasternode.org/

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

Thank you friend. One thing I notice is that PIVX requires one to put up 10k PIVX for a MN. Why did you choose 10k vs 1K like DASH? It seems PIVX MN are already more valuable than DASH in a way? What are some advantages of a PIVX node vs DASH node?

PIVX Masternodes require 10,000 coins. For every Masternode in use it means 10,000 coins are taken out of circulation to service running it. There is a limited supply of Masternodes... Right now there is about 53,000,000 coins and so right now the maximum number of Masternodes possible is limited to about 5,300. (53,000,000/10,000)
Masternode growth is limited to coin supply growth which will be 5 coins per minute (block time). But since coins are distributed all around in smaller amounts, there can't really be 5,300 Masternodes because not enough coins for everybody to set up a Masternode. You must work to achieve the masternode. This gives it value and backs its own value. This whole design perpetuates the rarity exponentially because as more Masternodes are created the coin gets even more valuable which drives up the benefits of having a Masternode. This in turn then continues to drive up the demand even more for people to achieve the 10,000 and take them out of circulation. But every time this happens the coin will only get rarer and more valuable and it is a never ending cycle of perpetual wealth generation for everyone holding the PIVX coin.
Why? Because if you can achieve 10,000 coins, and create the masternode, you are then guaranteed to find a block at least once per week. PIVX is basically designed to pay you to buy it and save it and take its coins out of circulation. It is the true saver's coin. It's a win win because even if you don't have a Masternode yet, we all benefit just owning any coins at all we will catch the ride and increase in value.

[tehMoonwalker]

Good evening friends. How many PIVX are in circulation? What is coin cap limit? Interesting project here...

Welcome. This information plus a lot else is available in the OP here:

https://bitcointalk.org/index.php?topic=1262920.0

...and even more info is available on the official PIVX website here:

https://pivx.org/

If you're interested in masternodes, both of the above plus:

https://pivxmasternode.org/

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

Thank you friend. One thing I notice is that PIVX requires one to put up 10k PIVX for a MN. Why did you choose 10k vs 1K like DASH? It seems PIVX MN are already more valuable than DASH in a way? What are some advantages of a PIVX node vs DASH node?

PIVX Masternodes require 10,000 coins. For every Masternode in use it means 10,000 coins are taken out of circulation to service running it. There is a limited supply of Masternodes... Right now there is about 53,000,000 coins and so right now the maximum number of Masternodes possible is limited to about 5,300. (53,000,000/10,000)
Masternode growth is limited to coin supply growth which will be 5 coins per minute (block time). But since coins are distributed all around in smaller amounts, there can't really be 5,300 Masternodes because not enough coins for everybody to set up a Masternode. You must work to achieve the masternode. This gives it value and backs its own value. This whole design perpetuates the rarity exponentially because as more Masternodes are created the coin gets even more valuable which drives up the benefits of having a Masternode. This in turn then continues to drive up the demand even more for people to achieve the 10,000 and take them out of circulation. But every time this happens the coin will only get rarer and more valuable and it is a never ending cycle of perpetual wealth generation for everyone holding the PIVX coin.
Why? Because if you can achieve 10,000 coins, and create the masternode, you are then guaranteed to find a block at least once per week. PIVX is basically designed to pay you to buy it and save it and take its coins out of circulation. It is the true saver's coin. It's a win win because even if you don't have a Masternode yet, we all benefit just owning any coins at all we will catch the ride and increase in value.

one of the best and clearest explanations on what a masternode is and more importantly WHY its so cool to have one + how the coin profits from it!

[DRPD]

friendly reminder:

- next PIVX reward/inflation reduction in ~16.8 days.

- last reduction to 5 PIVX in ~46.8 days

- don't forget to visit the off forum and/or slack (check my sig for links)

have a nice day all

[newmz]

Hello PIVX people.

I bought a couple of hundred PIVX just out of curiosity really.

They are in my wallet which is v2.1.6.0-25bad68 (64-bit) running on Windows 10.

I stake the wallet pretty much 24/7 but I guess having such a small amount means I am unlikely to be "staked" very often (or whatever the correct terminology is).

Unforunately, in the last week - due to local power failures, my computer was shutdown without notice. Both times I have had to completely re-sync the wallet because it doesn't seem to survive this occurence and just refuses to run unless I change the name of the "blocks" folder and allow it to make a new one.

I also run Dash Core and Bitcoin Core wallets. Both of these wallets are fine and "just work" after being shutdown without notice.

I suggest that this should be something to fix if possible, if any of the PIVX developers read this.

[DRPD]

Hello PIVX people.

I bought a couple of hundred PIVX just out of curiosity really.

They are in my wallet which is v2.1.6.0-25bad68 (64-bit) running on Windows 10.

I stake the wallet pretty much 24/7 but I guess having such a small amount means I am unlikely to be "staked" very often (or whatever the correct terminology is).

Unforunately, in the last week - due to local power failures, my computer was shutdown without notice. Both times I have had to completely re-sync the wallet because it doesn't seem to survive this occurence and just refuses to run unless I change the name of the "blocks" folder and allow it to make a new one.

I also run Dash Core and Bitcoin Core wallets. Both of these wallets are fine and "just work" after being shutdown without notice.

I suggest that this should be something to fix if possible, if any of the PIVX developers read this.

hi and welcome

the problem with corrupted blockchain has high priority for dev team afaik

but you don't have to resync.  just restore the chain from your backup (if you have one) or you can download the chain from my auto backup from one of my nodes
the backup is never older than 2 hrs: https://drive.google.com/open?id=0B_Egj11irGZyRFE0WjI5SV8tX28

don't forget pivx is only about 15 months old. there are still a lot of things to do, bugs to smash and stuff.

cheers

[jakiman]

FYI - We have an official Blockchain Backup Snapshot that is uploaded/updated by s3v3nh4cks every few days.

Location: https://github.com/PIVX-Project/PIVX/releases
File name: Pivx_Blockchain_Backup-xxxxxx.zip

(where xxxxxx is the block number at time of backup)

[luka4x]

The developers of DASH are working on something called evolution which is supposed to make it a lot easier for people to use it. So easy that people can use it without waiting for an eternity to download the entire blockchain or even need to know what a blockchain or a masternode is. So easy that ordinary people(non geeks) can use it.

https://www.youtube.com/watch?v=r7erSqaRRnw

Does anyone know if someone is working on something like evolution for PIVX? With that I think PIVX could become number one(if they also change the name).

Yes this is a good point, some bitcoin wallet don´t need to download 80gb blockchain

[Xandan]

Where some of the coins/tokens are loosing their shares from the market there some like Pivx are still doing very well. It has been very good and this is what I like the most of this. Team is doing very well at all the fronts and people are willing to keep pouring money into this market. My order didn't get filled yet at my desired level.

[jakiman]

The developers of DASH are working on something called evolution which is supposed to make it a lot easier for people to use it. So easy that people can use it without waiting for an eternity to download the entire blockchain or even need to know what a blockchain or a masternode is. So easy that ordinary people(non geeks) can use it.

https://www.youtube.com/watch?v=r7erSqaRRnw

Does anyone know if someone is working on something like evolution for PIVX? With that I think PIVX could become number one(if they also change the name).

Yes this is a good point, some bitcoin wallet don´t need to download 80gb blockchain

The only thing that does that right now is Coinomi mobile wallet that just added PIVX.
Obviously it's not a full node wallet but it is very secure, light and easy to use.

coinomi.com

As for such desktop wallet, it is in the roadmap afaik.

[Angel Di]

All the same, the price is good itself fulfills. Now I regret that had not bought the coin.

[coin24]

1. Is it possible to run a remote Masternode (VPS) and Stake at the same time on the same local wallet?
2. When I close my local wallet then my staking will stop. But what about my remote masternode, is it still running or will it stop then as well?
3. In the case that my remote masternode will stop after closing my local wallet, is there any solution to keep my masternode running, even I close my local wallet for some days?
4. In the case that I can run my remote masternode while closing my local wallet/keeping it closed for some day, will I still get my reward for this masternode then?
5. At "My Masternode" tab, I can see if my remote masternode is running (ENABLED), or not (MISSING). Is there any other way to check it without having to use my local wallet?

[DRPD]

hi

1. Is it possible to run a remote Masternode (VPS) and Stake at the same time on the same local wallet?

yes but the 10k reserved for the node will not stake, other coins not reserved (rewards for example) will stake if staking is enabled and the wallet is open

2. When I close my local wallet then my staking will stop. But what about my remote masternode, is it still running or will it stop then as well?

the remote masternode on vps will not stop

3. In the case that my remote masternode will stop after closing my local wallet, is there any solution to keep my masternode running, even I close my local wallet for some days?

see answer above

4. In the case that I can run my remote masternode while closing my local wallet/keeping it closed for some day, will I still get my reward for this masternode then?

sure & it is fun if you open the local controller wallet a week later and all the rewards rolling in, specially if you own a lot of nodes (money rain  )

5. At "My Masternode" tab, I can see if my remote masternode is running (ENABLED), or not (MISSING). Is there any other way to check it without having to use my local wallet?

yes login to your vps/masternode and use the following command if you use multiple instances "pivx-cli -rpcport=[port of instance] -rpcuser=[your username] -rpcpassword=[your password] masternode status"

the command for one instance on vps would be "pivx-cli masternode status"

happy masternoding/staking

[coin24]

hi

1. Is it possible to run a remote Masternode (VPS) and Stake at the same time on the same local wallet?

yes but the 10k reserved for the node will not stake, other coins not reserved (rewards for example) will stake if staking is enabled and the wallet is open

2. When I close my local wallet then my staking will stop. But what about my remote masternode, is it still running or will it stop then as well?

the remote masternode on vps will not stop

3. In the case that my remote masternode will stop after closing my local wallet, is there any solution to keep my masternode running, even I close my local wallet for some days?

see answer above

4. In the case that I can run my remote masternode while closing my local wallet/keeping it closed for some day, will I still get my reward for this masternode then?

sure & it is fun if you open the local controller wallet a week later and all the rewards rolling in, specially if you own a lot of nodes (money rain  )

5. At "My Masternode" tab, I can see if my remote masternode is running (ENABLED), or not (MISSING). Is there any other way to check it without having to use my local wallet?

yes login to your vps/masternode and use the following command if you use multiple instances "pivx-cli -rpcport=[port of instance] -rpcuser=[your username] -rpcpassword=[your password] masternode status"

the command for one instance on vps would be "pivx-cli masternode status"

happy masternoding/staking

Hi DRPD,

Thank you so much for your quick help!

1. The Status for my remote masternodes in "My Masternode" tab sometimes automatically change from "ENABLED" to "MISSING", while having NO Internet connection problems. Do you maybe know the reason why its sometimes automatically change from "ENABLED" to "MISSING"?

2. As you've mentioned that "the remote masternode on vps will not stop", does this means that an automatically Status change from "ENABLED" to "MISSING" on my local wallet won't affect my remote masternodes then as well?

Have a nice weekend!

[DRPD]

hi

1. Is it possible to run a remote Masternode (VPS) and Stake at the same time on the same local wallet?

yes but the 10k reserved for the node will not stake, other coins not reserved (rewards for example) will stake if staking is enabled and the wallet is open

2. When I close my local wallet then my staking will stop. But what about my remote masternode, is it still running or will it stop then as well?

the remote masternode on vps will not stop

3. In the case that my remote masternode will stop after closing my local wallet, is there any solution to keep my masternode running, even I close my local wallet for some days?

see answer above

4. In the case that I can run my remote masternode while closing my local wallet/keeping it closed for some day, will I still get my reward for this masternode then?

sure & it is fun if you open the local controller wallet a week later and all the rewards rolling in, specially if you own a lot of nodes (money rain  )

5. At "My Masternode" tab, I can see if my remote masternode is running (ENABLED), or not (MISSING). Is there any other way to check it without having to use my local wallet?

yes login to your vps/masternode and use the following command if you use multiple instances "pivx-cli -rpcport=[port of instance] -rpcuser=[your username] -rpcpassword=[your password] masternode status"

the command for one instance on vps would be "pivx-cli masternode status"

happy masternoding/staking

Hi DRPD,

Thank you so much for your quick help!

no problem i'm here to help if i can

1. The Status for my remote masternodes in "My Masternode" tab sometimes automatically change from "ENABLED" to "MISSING", while having NO Internet connection problems. Do you maybe know the reason why its sometimes automatically change from "ENABLED" to "MISSING"?

this happens some time not sure why, i also guess it depends on your vps hoster (on vultr for example they have network problems from time to time) and the pivx network

2. As you've mentioned that "the remote masternode on vps will not stop", does this means that an automatically Status change from "ENABLED" to "MISSING" on my local wallet won't affect my remote masternodes then as well?


my advice:
log in to your vps and control the status. if you get a "status" : "Masternode successfully started", don't do anything. if your node is really disabled do a restart from controller wallet
afaik a masternode is only going to (real) missing/disabled state if it is not reachable for more than 1 hour, so short network failures are no problem



Have a nice weekend!

Ditto  

[barrel roll troll]

Hey i cant retreive my Pivx with the wallet.dat file   ..can someone like"jakiman" retreive them for me if i send you the backupwallet.dat file?? thanks   its a Dnet backup file

[EleanorZ]

1. The Status for my remote masternodes in "My Masternode" tab sometimes automatically change from "ENABLED" to "MISSING", while having NO Internet connection problems. Do you maybe know the reason why its sometimes automatically change from "ENABLED" to "MISSING"?

2. As you've mentioned that "the remote masternode on vps will not stop", does this means that an automatically Status change from "ENABLED" to "MISSING" on my local wallet won't affect my remote masternodes then as well?

98% of the time, if a MN is MISSING that means that it has stopped working for some reason, but this is usually not a local problem. When it says MISSING in your local wallet, that means that the wallet has scanned for the MN and has been unable to confirm that it's working. Sometimes it's a false alarm, but most of the time if it's MISSING, it's really not working. Regardless, if you start a MN locally, it will often show up as ENABLED for an hour or two even if something really is broken. So you should always wait a few hours to make sure it stays enabled before shutting down your local wallet.

There are many reasons why a MN may show up as MISSING: If you have screwed something up in your local masternode.conf or the remote pivx.conf, you will usually receive an error message of some kind and it won't say ENABLED in the first place. If it is saying ENABLED but then changing to MISSING after a while, then it's more likely that the remote VPS stopped working (i.e., a server problem), or the remote wallet stopped syncing (i.e., a software problem). Make sure the remote wallet is fully synced (this is in putty or whatever you're using):

Code:

./pivx-cli getinfo

Once it's synced, make sure to start the remote node:

Code:

./pivx-cli masternode start

...chances are you'll get the 'not capable, waiting for remote activation' message. That means you need to go into your local wallet and start the MN there. Don't use 'start many'--use start-alias YOURMASTERNODENAME instead (even if you're starting multiple; start many is sensitive for some reason).

For reference here's what my conf files look like; feel free to copy--no guarantees they'll help you, but it's worth a shot.

Remote pivx.conf:

Code:

rpcuser=XXX
rpcpassword=XXX
rpcallowip=127.0.0.1
listen=1
server=1
daemon=1
logtimestamps=1
bantime=50
maxconnections=256
masternode=1
masternodeprivkey=XXX
addnode=108.61.151.69
addnode=173.245.158.8
addnode=coin-server.com
addnode=s3v3nh4cks.ddns.net

Local masternode.conf (%appdata% --> PIVX in Windows):

Code:

MNNAME IP.IP.IP.IP:51472 MNPRIVKEY 10KPIVXTXID 1 or 0

^ need a line like this for each MN you have. Of course, double check that all your private keys and TX IDs are correct, etc.

A MN will have to stay enabled for at least a couple of days to receive its first payout.

If it's still not working, you can get more opinions on Slack: slack.pivx.org

[Zontop]

PIVX is still performing so better and there is chance for next rally to get 3x. In other form it's more better than DASH and price is still low as compare with it.

[Ricklosti]

Good evening friends. How many PIVX are in circulation? What is coin cap limit? Interesting project here...

Welcome. This information plus a lot else is available in the OP here:

https://bitcointalk.org/index.php?topic=1262920.0

...and even more info is available on the official PIVX website here:

https://pivx.org/

If you're interested in masternodes, both of the above plus:

https://pivxmasternode.org/

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

Thank you friend. One thing I notice is that PIVX requires one to put up 10k PIVX for a MN. Why did you choose 10k vs 1K like DASH? It seems PIVX MN are already more valuable than DASH in a way? What are some advantages of a PIVX node vs DASH node?

PIVX Masternodes require 10,000 coins. For every Masternode in use it means 10,000 coins are taken out of circulation to service running it. There is a limited supply of Masternodes... Right now there is about 53,000,000 coins and so right now the maximum number of Masternodes possible is limited to about 5,300. (53,000,000/10,000)
Masternode growth is limited to coin supply growth which will be 5 coins per minute (block time). But since coins are distributed all around in smaller amounts, there can't really be 5,300 Masternodes because not enough coins for everybody to set up a Masternode. You must work to achieve the masternode. This gives it value and backs its own value. This whole design perpetuates the rarity exponentially because as more Masternodes are created the coin gets even more valuable which drives up the benefits of having a Masternode. This in turn then continues to drive up the demand even more for people to achieve the 10,000 and take them out of circulation. But every time this happens the coin will only get rarer and more valuable and it is a never ending cycle of perpetual wealth generation for everyone holding the PIVX coin.
Why? Because if you can achieve 10,000 coins, and create the masternode, you are then guaranteed to find a block at least once per week. PIVX is basically designed to pay you to buy it and save it and take its coins out of circulation. It is the true saver's coin. It's a win win because even if you don't have a Masternode yet, we all benefit just owning any coins at all we will catch the ride and increase in value.

one of the best and clearest explanations on what a masternode is and more importantly WHY its so cool to have one + how the coin profits from it!

Be fortunate to get some under $1. If & when 1 PIVX is worth $1,000 then Masternodes will be making thousands per week.