Zencash Secure Nodes could help increase price.

[hughson]

https://steemit.com/masternodes/@thomas.hughson/zencash-set-to-launch-secure-nodes-similar-to-masternodes-on-mainnet-nov-30-only-42-zen-needed

Heads up crypto traders Zencash will be launching their secure node on mainnet November 30 2017. Zencash Secure Nodes are similar to Masternode but focus more on securing private transactions on the Zencash blockchain.

3.5% of all mining rewards will be distributed among all Secure Nodes. Though Its hard to know many Secure Nodes there will be, going by the testnet figures my guess is you can earn 5 to 8 Zencash a month for operating a Secure node.

Testnet
https://securenodes.na.zensystem.io/

If you are interesting in setting up a Secure Node you can follow this tutorial.
https://blockoperations.com/how-to-build-and-operate-a-zencash-secure-node/

Zencash can be purchased on bittrex
https://bittrex.com/Market/Index?MarketName=BTC-zen

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[TheHas]

Cool. Yup been across zencash for a while. It could help increase the price, but I think there has been some awareness that secure nodes will be hitting the main net soon, so could already be factored into the price.

I have noticed that it is hitting high 20's usd. Regardless of where it is today it is a great product with an engaged team I'm thinking it will keep steadily increasing and gaining interest

[hughson]

looks like price of zen heading up this morning. Can't wait for next week!

[hughson]

Wow in just under a week, Zencash is up Nearly 50% usd. Who knows where it will be this time next week!

[elutzen]

3.5% of all mining rewards will be distributed among all Secure Nodes. Though Its hard to know many Secure Nodes there will be, going by the testnet figures my guess is you can earn 5 to 8 Zencash a month for operating a Secure node.

It is exciting to the zencash devs getting things done. But I believe that there will be many more nodes than what is on the testnet. I bet there will be 5000 nodes within months of node payments moving to the mainnet. There will be even more nodes as the price increases.

[jmigdlc99]

Kudos to the zencash team. I initially thought this was a shitcoin that was going to die early but i've been proven wrong time and again.
I now have one of my GPUs pointed to zencash mining not just because of FOMO but hopefully to help the networks as well.

I'm interested in running a node of zencash. Can you give details on how you figured the 5-8 zencash per month reward?

P.S. i think theres a typo on your thread title. Zenash

[hughson]

I was guessing that the there would be around 750-1500 Secure Nodes based on what I see on testnet.

but after listening to the zencash team biweekly update looks more like 2000-3000 secure nodes

I belive its 3.5 of all mining rewards are divide by the number of secrue nodes.

heres a calculator
https://zen.lebre.net

[elutzen]

Kudos to the zencash team. I initially thought this was a shitcoin that was going to die early but i've been proven wrong time and again.
I now have one of my GPUs pointed to zencash mining not just because of FOMO but hopefully to help the networks as well.

I'm interested in running a node of zencash. Can you give details on how you figured the 5-8 zencash per month reward?

P.S. i think theres a typo on your thread title. Zenash

I believe he got the 5-8 zencash from this website which shows the zencash secure node data. Look at zen/node/day

https://securenodes.na.zensystem.io/

However, this calculation is based on the number of secure nodes on the testnet. I expect there to be 5 to 10 times more nodes when the mainnet and payments are live.

Here is a tool for calculating the profit per node based on the number of nodes, price of zencash, and the price to run a vps.
https://zen.lebre.net/

[elutzen]

I was guessing that the there would be around 750-1500 Secure Nodes based on what I see on testnet.

but after listing to the zencash team biweekly update looks more like 2000-3000 secure nodes

I belive its 3.5 of all mining rewards are divide by the number of secrue nodes.

heres a calculator
https://zen.lebre.net

haha you beat me to it

[elutzen]

Info about secure nodes from https://securenodes.na.zensystem.io/about

Secure Nodes employ encrypted communication to other nodes and wallets. They also are intended to provide services applications like mobile wallets at a later time.

Each of the Secure Nodes connect to this system which tracks the state of the node. This server helps ensure a healthy network by periodically sending challenges to nodes to prove capability. The tracking system is completely independent of any ZenCash transaction processing. It provides a means for node operators to share a small portion of the block generation rewards.

Payments based on a 3.5% percentage of the mined block reward are split between all Secure Nodes that adhere to the criteria below.

Situations such as down time, low stake balance and other exceptions are factored into the payment.

For more information visit https://zensystem.io and https://securenodes.na.zensystem.io/about