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ClutchThese
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August 02, 2014, 05:37:19 PM |
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I really sorry if this has been listed before, but i have a question about masternodes.
I've been following CLOAK since it was first released and i mined DRK when it was first announced. I'm not interested in setting up a masternode but don't know exactly what is needed. I read through the OP but it doesn't have any requirements listed to set this up.
Can anyone recap what's needed to offer this, as well as the benefits (financially) of having it. Please keep in mind that i do not own ANY DRK as of right now.
Masternodes offer the service of anonymity, and get awarded 20% of all mining rewards. So thats about 576 DRK per day / total number MN's. You need 1000 DRKs to be eligible for a MN. These are not locked away somewhere in a server. The server just gets activated through a local wallet setup, where you can then store the 1k DRK offline. You're also payed out to this address, so there is zero risk of someone hacking your server and stealing coins.. as there is nothing there. At any moment you can cash out the 1k without issues, as they are not "locked" in any way. win win win situation. That's pretty neat actually. I do have a few servers. I'll just need to purchase 1k coins... which is almost 10btc. yikes! Thank you for the info. I appreciate it. |
Signature for Rent - PM if Interested
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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GhostPlayer
Legendary
 Offline
Activity: 1092
Merit: 1000
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August 02, 2014, 05:39:28 PM |
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I really sorry if this has been listed before, but i have a question about masternodes.
I've been following CLOAK since it was first released and i mined DRK when it was first announced. I'm not interested in setting up a masternode but don't know exactly what is needed. I read through the OP but it doesn't have any requirements listed to set this up.
Can anyone recap what's needed to offer this, as well as the benefits (financially) of having it. Please keep in mind that i do not own ANY DRK as of right now.
Masternodes offer the service of anonymity, and get awarded 20% of all mining rewards. So thats about 576 DRK per day / total number MN's. You need 1000 DRKs to be eligible for a MN. These are not locked away somewhere in a server. The server just gets activated through a local wallet setup, where you can then store the 1k DRK offline. You're also payed out to this address, so there is zero risk of someone hacking your server and stealing coins.. as there is nothing there. At any moment you can cash out the 1k without issues, as they are not "locked" in any way. win win win situation. That's pretty neat actually. I do have a few servers. I'll just need to purchase 1k coins... which is almost 10btc. yikes! Thank you for the info. I appreciate it. Well, I got private investors who jumped into a MN I manage at around 0.022 before RC3... so dont complain about these insanely low prices!!  |
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splawik21
Legendary
Offline
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
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August 02, 2014, 06:12:10 PM |
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Today I am in the mood for some poetry:
Darkcoin is the greatest thing
since bitcoin started as the king.
While bitcoin thinks it can relax,
the darkcoin learns to hide its tracks.
what do you think?
I like it our poetry and painter  |
BE SMART, USE DASH ( ͡° ͜ʖ ͡°) |
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stonehedge
Legendary
Offline
Activity: 1652
Merit: 1002
Decentralize Everything
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August 02, 2014, 06:15:26 PM |
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Well, I got private investors who jumped into a MN I manage at around 0.022 before RC3... so dont complain about these insanely low prices!! I just got my first payout from a MN that GhostPlayer set up for me yesterday so I'm off to the pub by celebrating by drinking a lot more than 1.2DRK worth of beer  |
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thelonecrouton
Legendary
Offline
Activity: 966
Merit: 1000
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August 02, 2014, 06:23:05 PM |
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Croutons Continuing Comedy Coding Cataclysm - Masternode Tools was upgraded to v.03 today, and introduces multithreaded p2p chat, although I'm still wrestling with the best way of exchanging encryption keys - that's where a simple keyserver running on MNs might come in handy... Why am I bothering? Well an encrypted p2p chat app can be built up into an encrypted p2p darkmarket app once the basic machinery is in place...   |
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dewdeded
Legendary
Offline
Activity: 1232
Merit: 1011
Monero Evangelist
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August 02, 2014, 06:31:26 PM |
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Where can I download this great malware? |
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dewdeded
Legendary
Offline
Activity: 1232
Merit: 1011
Monero Evangelist
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August 02, 2014, 06:34:48 PM |
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Does anyone have any contacts at Coindesk? An updated article about RC4 is needed, this should help DRK prepare for the upcoming update/rise.
"You can email any news tips, press releases, stories and corrections to us at news@coindesk.com." |
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thelonecrouton
Legendary
Offline
Activity: 966
Merit: 1000
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August 02, 2014, 06:39:45 PM |
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Where can I download this great malware? Well currently error and exception handling are implemented in the form of a nearby fire extinguisher it's true, but 'malware?'  |
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GhostPlayer
Legendary
Offline
Activity: 1092
Merit: 1000
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August 02, 2014, 07:54:23 PM |
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I've posted this before a few months ago... but bumped into it accidentally so had to share... ---- It's Dark in HereA woman takes a lover during the day, while her husband is at work. One day, her 9-year-old son hides in the closet during one of her romps. Her husband comes home unexpectedly, so she hides the lover in the closet. The little boy says, "It's dark in here." The man whispers, "Yes, it is." Boy - "I have a baseball." Man - "That's nice." Boy - "Want to buy it?" Man - "No, thanks." Boy - "My dad's outside." Man - "OK, how much?" Boy - "$250." In the next few weeks, it happens again that the boy and the mom's lover end up in the closet together. Boy - "It's dark in here." Man - "Yes, it is." Boy - "I have a baseball glove." Man - Remembering last time, asks, "How much?" Boy - "$750." Man - "Fine." A few days later, the father says to the boy, "Grab your ball and glove. Let's go outside and toss the baseball." The boy says, "I can't. I sold them." The father asks, "How much did you sell them for?" The son says "$1,000." The father says, "It's terrible to overcharge your friends like that. That's way more than those two things cost. I'm going to take you to church and make you confess." They go to the church and the father makes the little boy sit in the confession booth and he closes the door. The boy says, "It's dark in here." The priest says, "Don't start that crap again!" |
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BrainShutdown
Legendary
Offline
Activity: 1052
Merit: 1004
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August 02, 2014, 08:08:21 PM |
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Well, I got private investors who jumped into a MN I manage at around 0.022 before RC3... so dont complain about these insanely low prices!! I just got my first payout from a MN that GhostPlayer set up for me yesterday so I'm off to the pub by celebrating by drinking a lot more than 1.2DRK worth of beer Welcome to the dark side! Enjoy |
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Icebucket
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August 02, 2014, 08:22:09 PM |
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Simple answer
Get 1000DRK
Contact GhostPlayer to:
Set-up AWS EC2 server
You set-up:
Local Wallet - under his direction
put DRK MN wallet into cold storage.
Get paid in DRK from time to time.
Can we please stop pointing people to amazon  Pick a VPS provider from this list instead http://www.exoticvps.com/ |
“Every morning we are born again. What we do today is what matters most.”
― Gautama Buddha
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stonehedge
Legendary
Offline
Activity: 1652
Merit: 1002
Decentralize Everything
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August 02, 2014, 08:22:36 PM |
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Well, I got private investors who jumped into a MN I manage at around 0.022 before RC3... so dont complain about these insanely low prices!! I just got my first payout from a MN that GhostPlayer set up for me yesterday so I'm off to the pub by celebrating by drinking a lot more than 1.2DRK worth of beer Welcome to the dark side! Enjoy Thank you kindly. Long time believer, just took me a while to grow the DRK. Made a few mistakes on the way but somehow got more things right than wrong. |
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georgem
Legendary
Offline
Activity: 1484
Merit: 1007
spreadcoin.info
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August 02, 2014, 08:30:47 PM |
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Today I am in the mood for some poetry:
Darkcoin is the greatest thing
since bitcoin started as the king.
While bitcoin thinks it can relax,
the darkcoin learns to hide its tracks.
what do you think?
I like it our poetry and painter Soo.... is it ok if I restart posting "art" like that? Are there valid arguments against this?  I mean this IS art, right? My GIFs belong to this thread like craters belong to the moon, right? |
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TheWastedYears
Newbie
Offline
Activity: 29
Merit: 0
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August 02, 2014, 08:33:53 PM |
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I am looking to invest on a MN, i have 10% of the 1000DRK required available, anyone else interested on this endeavor?
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GhostPlayer
Legendary
Offline
Activity: 1092
Merit: 1000
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August 02, 2014, 08:39:00 PM
Last edit: August 02, 2014, 08:50:10 PM by GhostPlayer |
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Simple answer
Get 1000DRK
Contact GhostPlayer to:
Set-up AWS EC2 server
You set-up:
Local Wallet - under his direction
put DRK MN wallet into cold storage.
Get paid in DRK from time to time.
Can we please stop pointing people to amazon Pick a VPS provider from this list instead http://www.exoticvps.com/+1 For the record, I'm not pointing people to Amazon specifically. The thing is, hard to beat 1 year free service. People come to me already with a VPS account. Only two or three asked for my opinion. Due to their own judgment, they ended up with amazon, vultr and florkinet. An understandable issue, but not problematic, IMHO  |
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georgem
Legendary
Offline
Activity: 1484
Merit: 1007
spreadcoin.info
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August 02, 2014, 08:44:03 PM |
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Actually yes, there is....
When my kid is sitting next me and I have to stop reading - - so.....
Now I have to put you on the ignore list
But this post from lonecrouton 2 days ago, was fine, because...? https://bitcointalk.org/index.php?topic=421615.msg8111348#msg8111348Anyways, I was just "testing the waters"... |
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georgem
Legendary
Offline
Activity: 1484
Merit: 1007
spreadcoin.info
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August 02, 2014, 08:55:24 PM |
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Never said it was or wasn't.... But it kinda hard to come to this page while at work and/or when the kid is sitting around me. And people don't need to bust my balls b/c I come here at work - you don't know what I do or what I can do at work....so EDIT: and the pix by lonecrouton -almost looks to young - borders on child porn <18 - at least you put real women up :-P Wow, aren't you a little overprotective / overreacting here? Anyways, I was testing the waters, since lonecroutons last posts made me believe that the situation has cooled down a little. I was wrong. No problem with that... I now move along. |
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Icebucket
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August 02, 2014, 08:59:59 PM
Last edit: August 02, 2014, 11:51:57 PM by Icebucket |
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Simple answer
Get 1000DRK
Contact GhostPlayer to:
Set-up AWS EC2 server
You set-up:
Local Wallet - under his direction
put DRK MN wallet into cold storage.
Get paid in DRK from time to time.
Can we please stop pointing people to amazon Pick a VPS provider from this list instead http://www.exoticvps.com/Can i get a valid argument to not use AWS? Because that's where mine currently is...... Please don't PM the reply - everybody should see it Do you think that having the majority of the network with one company is a good idea ? Just because it is cheaper ? By the way, there are companies on this list that have a monthly fee of 2 dollars and you can pay in bitcoins. Can you give me a valid argument then why everybody should sign up with amazon ? Edit: also If they already accept bitcoins it is easy to convince them to accept DRK, I did that with my VPS provider (flokinet.is) |
“Every morning we are born again. What we do today is what matters most.”
― Gautama Buddha
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GhostPlayer
Legendary
Offline
Activity: 1092
Merit: 1000
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August 02, 2014, 09:11:40 PM |
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OMG !! Darkcoin won !! Sweeeet!! |
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Icebucket
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August 02, 2014, 09:30:23 PM |
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Never said everybody should sign-up with one Company.
But your words imply that this would some how centralize the process, which is not true.
A single MN on a single server would very much so be centralized.
There are MN's all over the world.
I just dont like that one company hosts 43,6% of the network. Thats all im saying. Diversification is a good thing in my mind. http://www.exoticvps.com/ |
“Every morning we are born again. What we do today is what matters most.”
― Gautama Buddha
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