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percocet
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September 27, 2017, 06:37:54 PM |
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To be ready for if/when Level 1 nodes open up again, do you need to have exactly 600,100 XBY on a single address? Can you have more?
Also, do most people run these nodes at home or do you need to set up a VPS?
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bigboss154
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September 27, 2017, 08:10:37 PM |
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To be ready for if/when Level 1 nodes open up again, do you need to have exactly 600,100 XBY on a single address? Can you have more?
Also, do most people run these nodes at home or do you need to set up a VPS?
To register a node you need to have the exact amount, but once it is registered you can add more coins to that address if you wish (the wallet/coins gets placed in cold storage either way). Nodes only break if the balance goes below 500k coins. You will be able to run them at home of course, or on a VPS. I know a lot of people in the Slack who are planning on using VPS. Energy consumption should be really quite low as well due to the nature of Proof-of-Signature. |
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Optimiza
Member
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Activity: 70
Merit: 10
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September 27, 2017, 10:48:34 PM |
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In a similar vein, let's say I am a simple average layman with a home PC and I end up getting Level 1 node. Is there a guide or recommendations to start from such simple beginnings (or at least prepare) to becoming a CEO of a planetary-wide data center?  What specific skills and infrastructure should I start planning out in order to become a responsible node mandarin. |
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bigboss154
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September 28, 2017, 12:00:54 AM |
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In a similar vein, let's say I am a simple average layman with a home PC and I end up getting Level 1 node. Is there a guide or recommendations to start from such simple beginnings (or at least prepare) to becoming a CEO of a planetary-wide data center? What specific skills and infrastructure should I start planning out in order to become a responsible node mandarin. Instructions for that will come out when the network goes online I believe. I cannot see it being very complicated to maintain a node at all, even for the layman. As for registering nodes, that is easy. You would just click the Register button in the wallet and copy down your public and private keys for safe keeping. Instructions for that will be posted again once the new registrations are active.  |
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AltsBoom
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September 28, 2017, 12:20:23 AM |
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In a similar vein, let's say I am a simple average layman with a home PC and I end up getting Level 1 node. Is there a guide or recommendations to start from such simple beginnings (or at least prepare) to becoming a CEO of a planetary-wide data center? What specific skills and infrastructure should I start planning out in order to become a responsible node mandarin. Instructions for that will come out when the network goes online I believe. I cannot see it being very complicated to maintain a node at all, even for the layman. As for registering nodes, that is easy. You would just click the Register button in the wallet and copy down your public and private keys for safe keeping. Instructions for that will be posted again once the new registrations are active. to add to this, you can also participate in testing now to push everything closer to the next step. I couldn't see setting up a level 1 being much harder then a masternode. if the coin is good, tutorials will come |
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Jamesco
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September 28, 2017, 01:12:27 AM |
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What is going on, this project doesn't even have a white paper after all this time and no one can explain the project simply to me, they all give vague broad oh its a complicated and we are just trying to find the best way to explain it to people, but dont worry what we have is groundbreaking. If people can't explain this project then they do not understand it themselves. This past week someone on the inside seems to be dumping and continues to, we have seen a 50%+ reduction in price. I am sorry but I am frustrated, most of all with myself for putting money into a project I did not understand, having "faith" for some weird reason this project would deliver. I got sold into the hype. I am sorry if this comes off as really pessimistic from me, its just, too little too late. I'm looking to sell a massive chunk of XBY at 300 satoshis on cryptopia. pm me.
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WayToGo
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September 28, 2017, 01:13:52 AM |
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What a dump on cryptopia! The dev needs to be more active with the community, if the coin has to stand a chance.
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bigboss154
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September 28, 2017, 01:24:40 AM |
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What is going on, this project doesn't even have a white paper after all this time and no one can explain the project simply to me, they all give vague broad oh its a complicated and we are just trying to find the best way to explain it to people, but dont worry what we have is groundbreaking. If people can't explain this project then they do not understand it themselves. This past week someone on the inside seems to be dumping and continues to, we have seen a 50%+ reduction in price. I am sorry but I am frustrated, most of all with myself for putting money into a project I did not understand, having "faith" for some weird reason this project would deliver. I got sold into the hype. I am sorry if this comes off as really pessimistic from me, its just, too little too late. I'm looking to sell a massive chunk of XBY at 300 satoshis on cryptopia. pm me.
It isn't someone from "inside" (lol, I know all the devs and board members), just a big holder who wants to sell. Nice FUD. Go back 1 page where me and other people explain simply what this project is to someone else. But most of the info is in the ANN anyway, so if you can't understand that then I am not sure why you invested in a project you did not understand. You are just angry that other people aren't making you rich fast enough. |
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bigboss154
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September 28, 2017, 01:26:26 AM |
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What a dump on cryptopia! The dev needs to be more active with the community, if the coin has to stand a chance.
They are active all the time in the Slack, nearly 24/7 in fact. I love how everyone (okay, only some) is panicking because of one holder deciding to take profit. Like clockwork |
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bigboss154
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September 28, 2017, 01:52:36 AM |
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In a similar vein, let's say I am a simple average layman with a home PC and I end up getting Level 1 node. Is there a guide or recommendations to start from such simple beginnings (or at least prepare) to becoming a CEO of a planetary-wide data center? What specific skills and infrastructure should I start planning out in order to become a responsible node mandarin. Instructions for that will come out when the network goes online I believe. I cannot see it being very complicated to maintain a node at all, even for the layman. As for registering nodes, that is easy. You would just click the Register button in the wallet and copy down your public and private keys for safe keeping. Instructions for that will be posted again once the new registrations are active. to add to this, you can also participate in testing now to push everything closer to the next step. I couldn't see setting up a level 1 being much harder then a masternode. if the coin is good, tutorials will come This is correct, there were tutorials for setting up the nodes back in May when registration was open. They will resurface when it opens again, with the process most likely more streamlined as well. |
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Fatoshi
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September 28, 2017, 02:19:08 AM |
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What is going on, this project doesn't even have a white paper after all this time and no one can explain the project simply to me, they all give vague broad oh its a complicated and we are just trying to find the best way to explain it to people, but dont worry what we have is groundbreaking. If people can't explain this project then they do not understand it themselves. This past week someone on the inside seems to be dumping and continues to, we have seen a 50%+ reduction in price. I am sorry but I am frustrated, most of all with myself for putting money into a project I did not understand, having "faith" for some weird reason this project would deliver. I got sold into the hype. I am sorry if this comes off as really pessimistic from me, its just, too little too late. I'm looking to sell a massive chunk of XBY at 300 satoshis on cryptopia. pm me.
I read through your past posting on this forum...you have been here for some years. And looking at the coins you bought you didnt even accidentally buy anything but utter shit. Youre whole history is one of noob buys lol. Honestly you should be embarrased as you havent learnt anything at all. I really hope you dumped cause xby doesnt need your level or retardation...this is where smart money is invested. |
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bigboss154
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September 28, 2017, 02:30:52 AM |
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There are updates all the time in the Slack. Here is one from a few days ago  Also they said they are eager to get the 'trex ball rolling after all this as well. One of the latest updates from a few days ago. |
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Fatoshi
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September 28, 2017, 02:47:50 AM |
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Personally I say let them dump. I see no reason to keep supporting weak hands and dumb people to keep holding. If a few impatient newbies who dont get that you got to hold to get rich make dumb moves then its good for xby long term. Maybe the fudders do xby a service cause if you cant look past their shit then maybe you deserve to lose a few times until you learn and wise up. I know it took me a while to block out all the noise and go on my own research and gut.
We are gonna have the most exciting 12 months in crypto and xby will be part of that.
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Jamesco
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September 28, 2017, 03:40:24 AM |
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Rude asf.
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percocet
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September 28, 2017, 03:43:29 AM |
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To be ready for if/when Level 1 nodes open up again, do you need to have exactly 600,100 XBY on a single address? Can you have more?
Also, do most people run these nodes at home or do you need to set up a VPS?
To register a node you need to have the exact amount, but once it is registered you can add more coins to that address if you wish (the wallet/coins gets placed in cold storage either way). Nodes only break if the balance goes below 500k coins. You will be able to run them at home of course, or on a VPS. I know a lot of people in the Slack who are planning on using VPS. Energy consumption should be really quite low as well due to the nature of Proof-of-Signature. Thanks so much for the info Bigboss, your posts are always very helpful! I will get an address ready that has exactly 600,100 XBY on it (500k for the L1 node + 100k XBY fee + 2 x 50 XBY transactions). I like the idea of using a VPS but does that mean that you have to have your wallet with 500k XBY in it sitting on the server? I remember reading with some of these masternodes you can simply link to an address that contains the required sum which can be safely stored offline. Also, what happens if the VPS goes down and your node goes offline? Do you immediately lose your L1 node status or is there some leeway for uptime? |
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bigboss154
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September 28, 2017, 01:01:22 PM |
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To be ready for if/when Level 1 nodes open up again, do you need to have exactly 600,100 XBY on a single address? Can you have more?
Also, do most people run these nodes at home or do you need to set up a VPS?
To register a node you need to have the exact amount, but once it is registered you can add more coins to that address if you wish (the wallet/coins gets placed in cold storage either way). Nodes only break if the balance goes below 500k coins. You will be able to run them at home of course, or on a VPS. I know a lot of people in the Slack who are planning on using VPS. Energy consumption should be really quite low as well due to the nature of Proof-of-Signature. Thanks so much for the info Bigboss, your posts are always very helpful! I will get an address ready that has exactly 600,100 XBY on it (500k for the L1 node + 100k XBY fee + 2 x 50 XBY transactions). I like the idea of using a VPS but does that mean that you have to have your wallet with 500k XBY in it sitting on the server? I remember reading with some of these masternodes you can simply link to an address that contains the required sum which can be safely stored offline. Also, what happens if the VPS goes down and your node goes offline? Do you immediately lose your L1 node status or is there some leeway for uptime? The wallet you use for registration does not get placed on the VPS (if you decide to go that route), but gets placed in cold storage by you. The actual node itself you will run will have 0 coins deposited. Like someone said above this a security feature so hackers have zero motivation to try and gain access to your node. If your node goes offline, then nothing happens to it. You aren't penalized, aside from the fact that you wouldn't be earning I guess. |
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percocet
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September 28, 2017, 04:42:10 PM |
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Thanks for the info guys! I am very happy to hear that the 500k XBY can be safely put away in cold storage when running a node |
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bigboss154
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September 28, 2017, 05:55:48 PM |
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Thanks for the info guys! I am very happy to hear that the 500k XBY can be safely put away in cold storage when running a node No problem, if you have any more questions then feel free to ask away. |
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