Anyone here that can explain how does the Masternode rewards work ?
Is there any vesting time ? when shall I expect to see the first rewards flowing ? I'm very unfamiliar with MN's so any kind of explanation would help
When you set up a masternode, you lock 10,000 PHR in your wallet as "collateral". If you ever decide to stop running your masternode you can unlock the 10,000 PHR and do what you want with it. The masternode is a server with a static, public IP address that runs 24/7, and there are several cloud services that offer them for just about $5/month for hosting, including Vultr, Node-VPS, and AWS (AWS will even give you a free VPS for 1 year using EC2 free tier services).
Phore has published a guide on how to set it up, using Vultr as an example. Node-VPS is even simpler, offering them preconfigured for Phore, you just have to upload and download a few configuration details and set things up in your wallet, but last time I logged in they said there were no free nodes and they are in the process of deploying more servers. The setup process on AWS is very similar to the process for Vultr, but there are a few minor changes--if you know your way around Linux you should have no issue, I also outlined the changes in the process I had to make in the masternode channel of the Phore Discord (@Moonshot). There is also a member of the Phore Discord, @CallMeBaiter, who offers VPS hosting and can help set it up for you.
The masternode rewards (4.2 PHR) are paid out randomly, but they seem to come pretty regularly, right now about every 4 hours. There is normally some delay when you first set up the MN before you will see your first reward--the code specifies that the MN needs to be active for more than 8,000 seconds (a bit over two hours) before they are eligible. In practice, I've seen examples where it might take 10-12 hours before the first reward shows up, but after that they keep coming pretty regularly, although the randomness is there--I've had two rewards come in as close as 1 minute apart before. Once the rewards have 51 confirmations, they are available in your wallet to do as you wish with them, including staking them in your wallet for staking rewards if you keep your wallet online.
Does that help?