[PHR] PHORE BLOCKCHAIN - Private Decentralized Marketplace & Ecosystem. POS/MN.

[Iced]

For every Dutch speaking person over here:

feel free to take part in the Dutch discussion thread of Phore
https://bitcointalk.org/index.php?topic=2325879.0

Or feel free to say "Hello" in #dutch on Discord!

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[vandung_quangtri]

Learn how easy it is to stake with Phore on your home computer and then check out the Staking Calculator on the Phore.io website under "Information/Staking":

Read the Phore Staking Blog here: https://phore.io/phore-blockchain-and-staking/

For now, I don't think staking PHORE is profitable due to high difficulty and high number of active masternodes in the network.
Instead, joining shared-masternode services might be better option.

[tuanbct95]

Despite of massive massacre in the crypto market, PHORE has stayed strongly above 20k satoshi.
This is good signal for real potential of Phore project and investors' believes.
https://coinmarketcap.com/currencies/phore/

[vandung_quangtri]

How many PHORE I need (minimum ones) to stake efficiently?
I wanna buy PHORE and start staking but I would like to know the minimum amount for staking before deciding to invest into PHORE.
Thanks all for help.

[Guillaume917]

How many PHORE I need (minimum ones) to stake efficiently?
I wanna buy PHORE and start staking but I would like to know the minimum amount for staking before deciding to invest into PHORE.
Thanks all for help.

Hey vandung, the ideal staking size seems to be around 1000 PHR at the moment.
If you want to get 1 stake (2.8PHR) a day, then you need to stake around 3000 PHR.
The annual ROI is ~38%.

[CryptoPulseZ]

New Review of the Phore Project by Mr. Backwards. Take a look...

https://medium.com/@Coin_Shark/phore-standing-out-through-technology-persistence-97e587174c7f

[CryptoPulseZ]

Interview by Fantastico with Phore Co-CEO and industry thought leader, Anthony Alleyne.

https://www.fintastico.com/blog/privacy-coin-interview-phore-blockchain/

[vandung_quangtri]

Let's make a initiative and help to bring PHORE to https://www.ooobtc.com/

[moonshoot]

Learn how easy it is to stake with Phore on your home computer and then check out the Staking Calculator on the Phore.io website under "Information/Staking":

Read the Phore Staking Blog here: https://phore.io/phore-blockchain-and-staking/

For now, I don't think staking PHORE is profitable due to high difficulty and high number of active masternodes in the network.
Instead, joining shared-masternode services might be better option.

I think it works the opposite of what you're thinking. The more masternodes there are on the Phore network, the larger staking ROI becomes, because every masternode takes 10,000 PHR away from the potential staking pool. They each have a fixed, separate pool of rewards, so if half of Phore is locked in masternodes as collateral, that means at most only half of the remaining supply of Phore could be staked, and that's before taking out any Phore in exchange wallets or other cold wallets that are not being staked.

Observationally, given the way the Phore masternode population has been growing, I think the Phore staking ROI has increased and is approaching masternode ROI.

[Guillaume917]

I think it works the opposite of what you're thinking. The more masternodes there are on the Phore network, the larger staking ROI becomes, because every masternode takes 10,000 PHR away from the potential staking pool. They each have a fixed, separate pool of rewards, so if half of Phore is locked in masternodes as collateral, that means at most only half of the remaining supply of Phore could be staked, and that's before taking out any Phore in exchange wallets or other cold wallets that are not being staked.

Observationally, given the way the Phore masternode population has been growing, I think the Phore staking ROI has increased and is approaching masternode ROI.

You might be wrong!
More active masternodes, less rewards for each one. And, of course, less rewards for each staker due to side-effects of more weights from masternodes.

No that's not how it works, moonshot is Phore lead dev you can trust what he writes.
There are two pools of PHR rewards (per block). One is for stakers and one is for masternodes.
Stakers are in competition with other stakers, while masternodes are in competition with other masternodes.
So when you write "less rewards for each staker due to side-effects of more weights from masternodes." well that's just not true.
The only effects more masternodes coming online could have on stakers' rewards is locking away more of the available supply and therefore reducing the overall staking weight, which in the end means a higher ROI for all stakers (and a lower one for masternode owners).

[TobyTheCat]

New Review of the Phore Project by Mr. Backwards. Take a look...

https://medium.com/@Coin_Shark/phore-standing-out-through-technology-persistence-97e587174c7f

This is a great article. Love it!

[ztaz]

on the purse there are more than 100 coins, out of this "https://phore.io/ru/information/" calculator you should stack more than 3 coins per month. already almost two months have passed - nothing has come ... conclusions

[moonshoot]

I think it works the opposite of what you're thinking. The more masternodes there are on the Phore network, the larger staking ROI becomes, because every masternode takes 10,000 PHR away from the potential staking pool. They each have a fixed, separate pool of rewards, so if half of Phore is locked in masternodes as collateral, that means at most only half of the remaining supply of Phore could be staked, and that's before taking out any Phore in exchange wallets or other cold wallets that are not being staked.

Observationally, given the way the Phore masternode population has been growing, I think the Phore staking ROI has increased and is approaching masternode ROI.

You might be wrong!
More active masternodes, less rewards for each one. And, of course, less rewards for each staker due to side-effects of more weights from masternodes.

More active masternodes does mean less rewards for each one--each masternode, that is. Each block has both a staking and a masternode reward--currently 2.8 PHR for staking and 4.2 PHR for masternodes. That makes each reward pool separate and distinct, so when a masternode is added, each existing masternode will be rewarded slightly less frequently. However it also means that 10,000 more PHR have been locked as masternode collateral, which means that amount is no longer available to be staked, so staking ROI will tend to go up as the masternode population goes up.

This is intentionally designed to have a self-balancing effect, because we need a good number of nodes staking and running masternodes for the Phore network to be decentralized and healthy. If hypothetically the Phore masternode population was ever cut in half, the ROI for the remaining masternodes would double, and the higher ROI would attract more people to set up masternodes for that higher ROI. The same dynamic is true for staking--if for example we had 1,000 Phore Masternodes, the staking ROI would be much larger than the masternode ROI, and some people would likely stop their masternode and stake their PHR instead. Masternodes also have the benefit of voting rights over the Phore community governance process, and also allows you to keep your Phore in a cold wallet. Each person would have to decide how much value to place on those things. This mix of rewards and benefits gives the Phore network resilience by providing natural incentives for people to run both staking wallets and masternodes.

[SwissBoo]

We updated our service plans to reflect and continue our Setup and Troubleshooting Services for the PHORE Community!

We always advise to never allow anyone access to your wallet or collateral of coins (for your protection)

SetupMasternodes.com - only $0.67 per day for on-going support, setup, and troubleshooting

[Bitcoin Miners]

Yes, agree with you at this point!

More active masternodes does mean less rewards for each one--each masternode, that is. Each block has both a staking and a masternode reward--currently 2.8 PHR for staking and 4.2 PHR for masternodes. That makes each reward pool separate and distinct, so when a masternode is added, each existing masternode will be rewarded slightly less frequently.

More masternodes, less coins available in circulating supply, which can support the price.
However, it is just a theory.
I won't be right all the cases when less circulating supply, higher prices.

However it also means that 10,000 more PHR have been locked as masternode collateral, which means that amount is no longer available to be staked, so staking ROI will tend to go up as the masternode population goes up.

[anirgu]

on the purse there are more than 100 coins, out of this "https://phore.io/ru/information/" calculator you should stack more than 3 coins per month. already almost two months have passed - nothing has come ... conclusions

did you follow the steps for staking?

https://github.com/phoreproject/documentation/tree/master/raw_documents

[TobyTheCat]

on the purse there are more than 100 coins, out of this "https://phore.io/ru/information/" calculator you should stack more than 3 coins per month. already almost two months have passed - nothing has come ... conclusions

did you follow the steps for staking?

https://github.com/phoreproject/documentation/tree/master/raw_documents

Also make sure you're using the most recent wallet, stop by the discord for direct support if you're still having trouble.

[CryptoPulseZ]

Milestone Achieved!

Phore Blockchain just reached block 400,000! The genesis block was generated on 12th Sept. 2017. Phore is a little over nine months old and growing strong.

[CryptoPulseZ]

BIG Week Ahead for Phore!

Phore is nominated for Best Cryptocurrency 2018 in "The Block Awards" on June 27th. We will be at the Blockchain Expo in Amsterdam on the 27th and 28th. We have a NEW and exciting Partnership Announcement coming on June 27th. Our Co-CEO, Thomas, will be at the Blockchain Summit in London on June 26th and 27th, and we have a Major Development Release planned for this week!

- The Block Awards & Blockchain Expo - June 27th and 28th
- NEW Partnership Announcement - June 27th
- CEO At Blockchain Summit, London, June 26th & 27th
- Major Development Release!

[TobyTheCat]

Milestone Achieved!

Phore Blockchain just reached block 400,000! The genesis block was generated on 12th Sept. 2017. Phore is a little over nine months old and growing strong.

You should only use the world hitting new milestone for Phore project if something related to developmental procedures released or new promising partnerships with very potential partners.

Look at the last post. It's happening.