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

[pwpwpw]

Wow, I'm very happy

I'm staking 6000 PIV for almost 1 month now and made 66 PIV

That's $145 worth

That's pretty lucky, I got about 30% less stake rewards over 3 months, there were periods when the rewards just stopped entirely for a week or even more.

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[Lercker]

NEW PIVX WALLETS (MANDATORY UPDATE).

Please update your core PIVX wallets by August 21st, 2017. 

v2.3.0.  (binaries will be posted today)

Get Ready.
Stay Private.

We all know what's coming

Just reposting for any who may have missed it....https://github.com/PIVX-Project/PIVX/releases

[pwpwpw]

Wow, I'm very happy

I'm staking 6000 PIV for almost 1 month now and made 66 PIV

That's $145 worth

That's pretty lucky, I got about 30% less stake rewards over 3 months, there were periods when the rewards just stopped entirely for a week or even more.

Are you sure ? I run a masternode (thats 10000 pivx) and i dont get 66 PIV a month ... the reward on MN should be higher than 4 staking .... is there a problem with the sesaw algorithjm or are u just lucky???

I'm pretty sure he is just lucky For example I had 2 days with a total of 6 rewards then the next 6 rewards took 2 weeks, it's just variance.

[EleanorZ]

Wow, I'm very happy

I'm staking 6000 PIV for almost 1 month now and made 66 PIV

That's $145 worth

That's pretty lucky, I got about 30% less stake rewards over 3 months, there were periods when the rewards just stopped entirely for a week or even more.

Are you sure ? I run a masternode (thats 10000 pivx) and i dont get 66 PIV a month ... the reward on MN should be higher than 4 staking .... is there a problem with the sesaw algorithjm or are u just lucky???

I'm pretty sure he is just lucky For example I had 2 days with a total of 6 rewards then the next 6 rewards took 2 weeks, it's just variance.

Current MN reward is a bit higher than for staking, but even the staking reward is within the general ballpark for what Turing was reporting. Staking rewards are pretty random, and the 'correct' value would have been somewhere around ~35 PIV for staking 6K PIVX for a month. So yeah, guessing he just a had a lucky month. Chances are he'll have an unlucky one soon enough and things'll even out.

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

[EleanorZ]

where is their information that explains how obfuscation works

good point , i am also interested in that !

Back in March, Jakiman said this in answer to the same question:

It allows mixing of coins through the masternode network to make those amount of coins much harder to trace in the blockchain when you send it to someone. It's inherited from DASH. (Private Send) It is not really needed unless you really want to hide your transfers. It's not completely untraceable but makes it more difficult to track down the source and target.

...and the PIVX website says this:

Mixing Mechanism: In wallet coin mixing based on CoinJoin with various improvements over the original, but done in a decentralized fashion facilitated by the network of masternodes. This provides for an additional layer of privacy in transactions, while not perfectly anonymous, it is a far cry better than the standard bitcoin transaction. If a nefarious actor were to control 50% of the current masternodes they would have less than 0.5% chance of de-anonymizing an individual transaction that was mixed with 8 rounds of Obfuscation.

...and the Wikipedia article on CoinJoin is here: https://en.wikipedia.org/wiki/CoinJoin

Hope that helps.

[WayToGo]

Wow, I'm very happy

I'm staking 6000 PIV for almost 1 month now and made 66 PIV

That's $145 worth

That's pretty lucky, I got about 30% less stake rewards over 3 months, there were periods when the rewards just stopped entirely for a week or even more.

Are you sure ? I run a masternode (thats 10000 pivx) and i dont get 66 PIV a month ... the reward on MN should be higher than 4 staking .... is there a problem with the sesaw algorithjm or are u just lucky???

I'm pretty sure he is just lucky For example I had 2 days with a total of 6 rewards then the next 6 rewards took 2 weeks, it's just variance.

Current MN reward is a bit higher than for staking, but even the staking reward is within the general ballpark for what Turing was reporting. Staking rewards are pretty random, and the 'correct' value would have been somewhere around ~35 PIV for staking 6K PIVX for a month. So yeah, guessing he just a had a lucky month. Chances are he'll have an unlucky one soon enough and things'll even out.

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

Would the staking rewards be higher if we split the 6K into 6 X 1000 coin accounts in the same wallet ? I remember reading something like that for another staking coin.

[JoostB]

Wow, I'm very happy

I'm staking 6000 PIV for almost 1 month now and made 66 PIV

That's $145 worth

I've been staking 11000 PIV for 1 month and 3 days now and I made 127 PIV, this is in the same ballpark.

I'm thinking about getting another 9000 PIV and setting up two master-nodes, It's a pity that I didn't hear about PIV earlier because atm. one has to invest quite some money to get a master-node running.

[MaGNeT]

Wow, I'm very happy

I'm staking 6000 PIV for almost 1 month now and made 66 PIV

That's $145 worth

I've been staking 11000 PIV for 1 month and 3 days now and I made 127 PIV, this is in the same ballpark.

I'm thinking about getting another 9000 PIV and setting up two master-nodes, It's a pity that I didn't hear about PIV earlier because atm. one has to invest quite some money to get a master-node running.

Same over here, 10,000 PIV and made ~105 PIV staking in one month, so I think these numbers are correct.

That's a ~$200 reward in one month, not bad

I'm running my PIVX client on my VPS, together with other wallets and a Waves Node.

[JoostB]

Same over here, 10,000 PIV and made ~105 PIV staking in one month, so I think these numbers are correct.

That's a ~$200 reward in one month, not bad

I'm running my PIVX client on my VPS, together with other wallets and a Waves Node.

Makes me wonder why staking seem to be rewarded more frequently than expected.

I run my wallets on 2 small N3700 PC's located in my meter cupboard, drawing together about 15W.
They are on separate IP's, I only need some extra PIV to get 2 master-nodes running.  

[JoostB]

Same over here, 10,000 PIV and made ~105 PIV staking in one month, so I think these numbers are correct.

That's a ~$200 reward in one month, not bad

I'm running my PIVX client on my VPS, together with other wallets and a Waves Node.

Makes me wonder why staking seem to be rewarded more frequently than expected.

I run my wallets on 2 small N3700 PC's located in my meter cupboard, drawing together about 15W.
They are on separate IP's, I only need some extra PIV to get 2 master-nodes running.  

If i look at those figures, it shows much less:

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

True, the reward is more than twice of what it should be, it can just be luck, I don't know.
Maybe it has something to do with the number of people actually staking.
I will stake for another month before setting up my MN, just to see what happens.

[DRPD]

NEW PIVX WALLETS (MANDATORY UPDATE).

Please update your core PIVX wallets by August 21st, 2017. 

v2.3.0.  (binaries will be posted today)

Get Ready.
Stay Private.

We all know what's coming

Info for all Noders:
You need to restart masternodes from controller wallet after updating to 2.3

update process on vultr (5 instance vps) like this:

cd ~/
wget https://github.com/PIVX-Project/PIVX/releases/download/v2.3.0/pivx-2.3.0-x86_64-linux-gnu.tar.gz
mkdir up
tar -vxzf pivx-2.3.0-x86_64-linux-gnu.tar.gz -C up
systemctl stop pivx_n1
systemctl stop pivx_n2
systemctl stop pivx_n3
systemctl stop pivx_n4
systemctl stop pivx_n5
cd /usr/local/bin/
mv pivxd pivxd_old
mv pivx-cli pivx-cli_old
mv pivx-tx pivx-tx_old
cp ~/up/pivx-2.3.0/bin/* /usr/local/bin/
chmod +x pivx*
cd ~/
systemctl restart pivx_n1
sleep 5
systemctl restart pivx_n2
sleep 5
systemctl restart pivx_n3
sleep 5
systemctl restart pivx_n4
sleep 5
systemctl restart pivx_n5
rm -R  ~/up
rm pivx-2.3.0-x86_64-linux-gnu.tar.gz

cheers and happy noding/staking

[Octron]

NEW PIVX WALLETS (MANDATORY UPDATE).

Please update your core PIVX wallets by August 21st, 2017. 

v2.3.0.  (binaries will be posted today)

Get Ready.
Stay Private.

We all know what's coming

Info for all Noders:
You need to restart masternodes from controller wallet after updating to 2.3

update process on vultr (5 instance vps) like this:
.....
....

Thanks, now this will go up 

[BitcoinFX]

Dev's, I have read that PIVX broadcasts user ips and masternodes also retain a log of all users ip addresses. is this true ?

no

it is not true

Sorry but I think it's wrong. The Wallet broadcasts your ips to others to find peers. How otherwise would they find you? It's kept in the peers.dat file.

To mitigate this you can use tor. you just need to download torbrowser from www.torproject.org and go to your pivx wallet in the network tab and select Connect through SOCKS5 and change the port to 9150.

For your masternode you can create a tor hidden service (.onion address). There are many guides.

If you intend to browse with TBB it is unwise to also use the TBB Tor as a SOCKS proxy for other applications. You may actually be breaking / leaking both your TBB anonymity (when browsing) and the SOCKS applications anonymity (PIVX).

Instead you should install the Tor Expert Bundle and ensure that you proxify PIVX through that Tor SOCKS proxy separately. It is perfectly OK to use the TBB and the Expert Bundle on the same machine. They use different ports when configured correctly i.e. with 2 version of Tor running on the same machine.

Here is a link to the post I made recently on the Zcash forum in regards to using 'Zcash on Tor' ;
- https://forum.z.cash/t/set-up-guide-for-running-zcash-on-tor-ubuntu-debian-linux-desktop/18748

If you require actual privacy and anonymity when using PIVX and/or Tor then don't use MS Windows - period.

...

After some downtime of the pivxproxy.zone website (due to some issues with the hosting provider - hopefully resolved) the service is now back online. Although it's just an old-style basic https web proxy it provides some additional resources and marketing for the project.

My original (PIVX formally known as dnet) addnode=.onion's are now gone / offline. However, I continue to host the following PIVX addnode=.onion's to maintain my provision for the project;

addnode=s3v3n7xhqafg6sb7.onion
addnode=pivxvj7kcklujarx.onion
addnode=pivxrwvnsol7ijxj.onion

All 3 nodes are upgraded to the v2.3.0 release.

- https://forum.pivx.org/t/introducing-pivxproxy-zone/624/2

[nipponkorea]

Hey guys,

Where I can found the way to configure my wallet to become a master node on PIVX?

[btct22]

Hey guys,

Where I can found the way to configure my wallet to become a master node on PIVX?

https://pivxmasternode.org/masternode-setup/

[DRPD]

Hey guys,

Where I can found the way to configure my wallet to become a master node on PIVX?

here you go:
https://github.com/PIVX-Project/PIVX/releases/download/v1.1.0.0/Windows.Setup.for.Darknet.Masternodes.pdf

the guide is for the darknet version (pre rebranding) but still works just replace darknet, dnet with pivx

cheer and stay purple all

[Mrs-X]

If i look at those figures, it shows much less:

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

Makes me wonder why staking seem to be rewarded more frequently than expected.

I run my wallets on 2 small N3700 PC's located in my meter cupboard, drawing together about 15W.
They are on separate IP's, I only need some extra PIV to get 2 master-nodes running.  

True, the reward is more than twice of what it should be, it can just be luck, I don't know.
Maybe it has something to do with the number of people actually staking.

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html is correct. Note that the payment is only estimated for masternodes there, NOT for staking.
There's a reason for that.

Let me explain this with an example:

1: Let's assume (for ease of computation) we'd have exactly 1440 masternodes.

2: there are (on average) 1440 new PIVX blocks per day, each worth 5 PIV, minus 10% for the PIVX budget is 4.5 PIV per day for masternodes and stakers

3: from 1: and 2: it's pretty clear that on average each masternode gets one reward per day

4: the amount each masternode will get depends on PIVXs seesaw algorithm: if there are a lot of stakers and few masternodes, the masternodes get more, if there are lot's of masternodes and few stakers the stakers get more. Right now stakers get 2.16 PIV per block, masternodes 2.34 PIV

5: since we know the exact number of masternodes (here: 1440) and therefore the number of rewards they get per day (here: 1) we can exactly compute how much each masternode will get per day, 2.34 PIV in this example.

6: but, we don't know how may people are staking, and which amounts of their PIV are used for staking. If only ONE single person would be staking he would get 1440 * 2.16 PIV per day, if there are 1440 people who stake (assuming they stake with the same number of coins, which they don't) each one would get 1 * 2.16 PIV per day.


Easy to see that because we have 3 variables (number of people staking, amount used for staking from each, and the time the wallet actually IS online and staking) it's not possible to predict how much PIV each staker will get per day.

[JoostB]

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html is correct. Note that the payment is only estimated for masternodes there, NOT for staking.
There's a reason for that.

Let me explain this with an example:

1: Let's assume (for ease of computation) we'd have exactly 1440 masternodes.

2: there are (on average) 1440 new PIVX blocks per day, each worth 5 PIV, minus 10% for the PIVX budget is 4.5 PIV per day for masternodes and stakers

3: from 1: and 2: it's pretty clear that on average each masternode gets one reward per day

4: the amount each masternode will get depends on PIVXs seesaw algorithm: if there are a lot of stakers and few masternodes, the masternodes get more, if there are lot's of masternodes and few stakers the stakers get more. Right now stakers get 2.16 PIV per block, masternodes 2.34 PIV

5: since we know the exact number of masternodes (here: 1440) and therefore the number of rewards they get per day (here: 1) we can exactly compute how much each masternode will get per day, 2.34 PIV in this example.

6: but, we don't know how may people are staking, and which amounts of their PIV are used for staking. If only ONE single person would be staking he would get 1440 * 2.16 PIV per day, if there are 1440 people who stake (assuming they stake with the same number of coins, which they don't) each one would get 1 * 2.16 PIV per day.


Easy to see that because we have 3 variables (number of people staking, amount used for staking from each, and the time the wallet actually IS online and staking) it's not possible to predict how much PIV each staker will get per day.

Thanks for the excellent explanation!

I didn't read the white-paper but assumed already that the high reward had something to do with a low number of people staking. So when the number of people staking is low it can be more profitable to stake instead of running a master-node.

Are wallets (when they are online and staking) supporting the network in the same way as master-nodes do?

[SnappySnap]

http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html is correct. Note that the payment is only estimated for masternodes there, NOT for staking.
There's a reason for that.

Let me explain this with an example:

1: Let's assume (for ease of computation) we'd have exactly 1440 masternodes.

2: there are (on average) 1440 new PIVX blocks per day, each worth 5 PIV, minus 10% for the PIVX budget is 4.5 PIV per day for masternodes and stakers

3: from 1: and 2: it's pretty clear that on average each masternode gets one reward per day

4: the amount each masternode will get depends on PIVXs seesaw algorithm: if there are a lot of stakers and few masternodes, the masternodes get more, if there are lot's of masternodes and few stakers the stakers get more. Right now stakers get 2.16 PIV per block, masternodes 2.34 PIV

5: since we know the exact number of masternodes (here: 1440) and therefore the number of rewards they get per day (here: 1) we can exactly compute how much each masternode will get per day, 2.34 PIV in this example.

6: but, we don't know how may people are staking, and which amounts of their PIV are used for staking. If only ONE single person would be staking he would get 1440 * 2.16 PIV per day, if there are 1440 people who stake (assuming they stake with the same number of coins, which they don't) each one would get 1 * 2.16 PIV per day.


Easy to see that because we have 3 variables (number of people staking, amount used for staking from each, and the time the wallet actually IS online and staking) it's not possible to predict how much PIV each staker will get per day.

Thanks for the excellent explanation!

I didn't read the white-paper but assumed already that the high reward had something to do with a low number of people staking. So when the number of people staking is low it can be more profitable to stake instead of running a master-node.

Are wallets (when they are online and staking) supporting the network in the same way as master-nodes do?

Hey there!

Yes:  When staking has a higher reward (than MN) it means that on the see-saw algo, there are less coins being staked than Masternodes.  Thus, the reward balances is automatically shifted/recalculated to reward the stakers more.  Thus, during that time frame, it *can be more profitable to stake vs have masternodes.

As for your second comment "are wallets supporting the network in the same way as masternodes" - Yes!!!  This is actually a REALLY unique feature of PIVX (we'll be doing a DYK and paper on this soon).  PIVX is one of (if not only) DOUBLE VALIDATION cryptos out there.  What I mean by that is this.  EVERY block has to be verified by BOTH a Masternode and a Staking wallet, independently.  This adds in even MORE security (less likely of someone being able to hack the network/double spend). 

Stakers are VERY important to the network.  Just like Masternodes.  Together, they provide a double-verification based on consensus.  Pretty sweet.

It really also does speak to that everyone who has PIVX is participating IN this endeavor together.

[SnappySnap]

ALSO:
Sneak peak:

There are over 650 PIVIANS in our Chinese QQ (this is the main hub used in China for communication).  They are finalizing a translated/new Chinese focused block explorer and working already on more Chinese exchanges