[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[Minotaur26]

How much revenue does a masternode generate a month approx.?

I will answer you in terms of DASH ROI, the value in FIAT will of course depend on the price.

Requirements

In order to run a Masternode, an investor needs to buy 1000 DRK/DASH as collateral. These coins remain in control of the investor, but he needs to put them into one of his addresses and associate that address with the node.  The network checks that the node is running and that the funds are not moved, this classifies as a valid Masternode and then it is eligible to get paid.  With each mined block on the network a Masternode from the active Masternode list is selected and gets a payment, when all masternodes on the list are paid, the payment cycle starts again.
When there are updates in the software the Masternode operators have 7 days to update to the latest version, after that, they are dropped from the active Masternode list and stop getting paid until they update.

DASH ROI

You can estimate like this:

- Currently Masternodes get 40% of the block reward.

- The minimum block reward in DASH(DRK) is 4.65 DASH at this moment. I will assume difficulty is high enough so that we are dealing with the minimum reward for a worst case scenario situation, sometimes there are blocks with higher rewards. The minimum DASH block reward decreases by 7% annually to avoid abrupt block halvings, that already happened earlier this year so 4.65 DASH will be valid until next year.

- Average block-time in DASH is 2.5 min, so there are ~576 blocks per day. So 576*4.65DASH*40% = 1071.36 DASH alloted for the whole masternode network currently, we need to divide this by the 2300MN active masternodes. This gives us

 ~Monthly masternode income = 13.97 DASH
 ~Current Minimum DASH Annual ROI = 17%*

*This will change and go up throughout this year as the masternode network reward share will continue to increase each month to incentivize node creation following this schedule:



IMPORTANT:

-So in the end it will really be more than my estimation above as the reward share will continue to increase each month until it reaches 60% March 2016.  

-Having said that the number of Masternodes will also likely increase so I think it is safe to say tha the minimum annual return for a node in DASH should be around 20-25 %

-Now the return in FIAT could be a lot more if the coins appreciate in value year to year.

- Finally, and very important you always retain control of your 1000DASH and are able to liquidate them at any point you wish, you would then obviously just stop getting paid.

I really hopes this helps.

[GhostPlayer]

Then we could just present those facts in the same forum page without replying to the trolls when needed, that would be enough. By directly replying to them we just "derail the thread into troll hell", so is like we are trying to put out a fire with gasoline.

We can't control what they post and how they handle themselves but we can control how we manage it. We need rational responses not emotional reactions.  They are provocateurs their objective is to wind up people and it just saddens me when we play into their game.  We can just ignore them, present information on the same forum page for lurkers and leave it be.  That would be the best course of action, but trolls know that out of a large group of people they are likely to get an emotional reaction from someone.  Just know that that is exactly what they want.

We've tried that in the past, but fair enough. I'll restrain my postings.
 

[HinnomTX]

So the lead dev has a private key which lets him control all the MasterNodes? Why does he need to control all MasterNodes? In the future, will he be in control or is this just temporary and if so how long will this continue?

 No dude, that's not true at all... Its total FUD.
 We have well over 2000 Masternodes, all very happily earning you rewards.

 Check this out...

https://drk.mn/#mnlistdetail

So the daily payout rate is currently 70 cents for 1 Masternode?

It's closer to $1.50 per MN per day.

Someone check my math:
5 * 0.93 DRK / block * 0.4/MN * 576 blocks / day * 1 MN / 2300 MN = 0.4658 DRK / MN / day

So 0.4658 DRK/MN/day * 3.25 USD / DRK = 1.51 USD / MN / day
 
In reality it can be a little higher since the mining difficulty sometimes drops enough to raise the payout (that's a special feature of DASH).

Edit: I see oblox and Minotaur26 beat me to it. It seems we are all in agreement.

[BrainShutdown]

I can read official statements from public forums!

Good for you  

[BrainShutdown]

Come help test 11.2.5!

https://darkcointalk.org/threads/v0-11-2-x-testing.4202/page-9#post-47220

Lets do it! 

[iCEBREAKER]

The lead dev has a private key which lets him control all the MalwareNodes.

TRUE or FALSE?

It's true, and you don't even bother denying or justifying it.

False. It turns enforcement on/off that's it. It's kind of useful when you have the kind of massive updates we have.

No, true.  "Control" means having the power to turn something off.

Satoshi never had a doomsday key to turn off errant Bitcoin nodes.  So why does Duff need a kill switch for MalwareNodes?  

Because "massive updates?"  Many coins have massive updates, but only one pretends trusting their Dear Leader with unfettered discretion is a Good Idea.

Talk about centralized trusted 3rd parties.  DASH is digital trash.

[oblox]

The lead dev has a private key which lets him control all the MalwareNodes.

TRUE or FALSE?

It's true, and you don't even bother denying or justifying it.

False. It turns enforcement on/off that's it. It's kind of useful when you have the kind of massive updates we have.

No, true.  "Control" means having the power to turn something off.

Satoshi never had a doomsday key to turn off errant Bitcoin nodes.  So why does Duff need a kill switch for MalwareNodes?  

Because "massive updates?"  Many coins have massive updates, but only one pretends trusting their Dear Leader with unfettered discretion is a Good Idea.

Talk about centralized trusted 3rd parties.  DASH is digital trash.

lol, it has nothing to do with the masternodes and it was already answered ad nauseum. I'm sorry you're butthurt that your precious XMR lags behind and you need to ego trip other coins because you feel so threatened. Back on ignore you go.

[arielbit]

The lead dev has a private key which lets him control all the MalwareNodes.

TRUE or FALSE?

It's true, and you don't even bother denying or justifying it.

False. It turns enforcement on/off that's it. It's kind of useful when you have the kind of massive updates we have.

No, true.  "Control" means having the power to turn something off.

Satoshi never had a doomsday key to turn off errant Bitcoin nodes.  So why does Duff need a kill switch for MalwareNodes?  

Because "massive updates?"  Many coins have massive updates, but only one pretends trusting their Dear Leader with unfettered discretion is a Good Idea.

Talk about centralized trusted 3rd parties.  DASH is digital trash.

DASH = Duffield's Cash

[majamina]

The lead dev has a private key which lets him control all the MalwareNodes.

TRUE or FALSE?

It's true, and you don't even bother denying or justifying it.

False. It turns enforcement on/off that's it. It's kind of useful when you have the kind of massive updates we have.

No, true.  "Control" means having the power to turn something off.

Satoshi never had a doomsday key to turn off errant Bitcoin nodes.  So why does Duff need a kill switch for MalwareNodes?  

Because "massive updates?"  Many coins have massive updates, but only one pretends trusting their Dear Leader with unfettered discretion is a Good Idea.

Talk about centralized trusted 3rd parties.  DASH is digital trash.

dude, masternodes still run their services and get paid with enforcement off....when enforcement is on it just ensures that bad actors can't cheat on masternode payments. Evan has the ability to switch enforcement OFF to ensure smooth code releases. This doesn't affect mining, masternode services or anything about the decentralized nature of the coin.

so your comments amount to total FUD from a total FUCKWIT

[bigrcanada]

CAUTION!  THE FOLLOWING USERS ARE KNOWN TROLL AND FUDSTERS.

ADAM WHITE
ICEBREAKER
AREILBIT

Please do not feed or reply to!

[Rux]

ice, did your mum breastfed you?

i dont understand why are you so angry, negative and whatnot

u dont like Darkcoin/DASH ... i understand... we all understand...

but trying to make new people think that Evan the DEV is some kind of scammer... you are just being idiot in front of all these people

[oblox]

CAUTION!  THE FOLLOWING USERS ARE KNOWN TROLL AND FUDSTERS.

ADAM WHITE
ICEBREAKER
ARIELBIT

Yep, definitely all on ignore. The rinse and repeat shit is getting old. I love the smell of desperation in the morning.

[kointrend]

Darkcoin to rebrand as DASH to 'better represent' cryptocurrency's digital cash platform

http://www.ibtimes.co.uk/darkcoin-rebrand-dash-better-represent-cryptocurrencys-digital-cash-platform-1492299

 

 The revolution is starting....  



 YEEEEEEESSSSSSSSSSS !!!!!  



 

Cool article. I love how Evan embarrasses himself by saying you have to wait an hour for a bitcoin transaction. I guess it's much better soundbyte than saying you don't have to wait 10 minutes  

I have regularly experienced 1 hour + confirms on Bitcoin so it's completely accurate. Once it took 1 hour 32 minutes for 6 confirms.

I don't think I've ever had 10 min for even 3 confirmations. But I have experienced around 15 minutes for 3.

So you take an extreme example and spin it to your advantage. Definitely sounds like the kind of integrity we can expect from your dear leader. No one waits 6 confirmations anymore. Even exchanges make your funds available after only 1 confirmation.

Rubbish! Which exchange allows you full access to your BTC on one confirmation? Certainly not Bitfinex, Cryptsy, Poloniex, Bittrex, Bitstamp or BTC-e. So where, who, what?

I have to wait for about an hour for 6 confirms regularly so quoting an hour for BTC is completely valid.

The BS just pours unrestrained out of your mouth Adam.

He spoke about Monopoli Exchange, where he lost his ass.

[bluebit25]

$1.50/day per Masternode. Does this go up or down with marketcap?

Also, I haven't calculated all costs in yet, such as paying Ghost to help set me up a server, and then for maintenance/updates.


This is what I have so far.

Cost:
Masternode Setup = 25 DRK
Server Update, General Help, Step-by-step install, etc -> 10 DRK / h

How often is a a server update needed? How much does it cost to run a server 24/7 for 1 year.


I'm trying to calculate initial cost and maintenance cost. If I can make near $1 per day in profits, then I'd be happy to put up more nodes. How often is payout?

[majamina]

we are witnessing an unprecedented, co-ordinated TROLL/FUD fest.

XMR guys so desperate....wow.

[HinnomTX]

u dont like Darkcoin/DASH ... i understand... we all understand...

but trying to make new people think that Evan the DEV is some kind of scammer... you are just being idiot in front of all these people

+1
Please troll some other threads. We're all out of troll food here.

[onemorexmr]

megatroll sad to see drk didn't leave for boring monero in droves

False. It turns enforcement on/off that's it. It's kind of useful when you have the kind of massive updates programmers we have.

That's it.

fixed it for you

[Kai Proctor]

Then again it seems that throwing mud and false accusations is easier than trying to outdo DASH/Darkcoin.

[oblox]

$1.50/day per Masternode. Does this go up or down with marketcap?

Also, I haven't calculated all costs in yet, such as paying Ghost to help set me up a server, and then for maintenance/updates.


This is what I have so far.

Cost:
Masternode Setup = 25 DRK
Server Update, General Help, Step-by-step install, etc -> 10 DRK / h

How often is a a server update needed? How much does it cost to run a server 24/7 for 1 year.


I'm trying to calculate initial cost and maintenance cost. If I can make near $1 per day in profits, then I'd be happy to put up more nodes. How often is payout?

Not to undermine Ghost's services as he has done plenty, but anyone should easily be able to follow the step-by-step masternode setup guides and have a masternode up in running without issue. While Tao's guide references Vultr, I'd recommend finding a cheaper VPS on lowendbox (costs can range from around $.60/mo to $8 with many around that $5 mark)... this will also diversify the centers hosting the nodes. There are plenty of update scripts available as well for making updates easy. Server updates really depend on the team and the release... some need more fixes than others (I think one time we had about 12 updates over the course of a weekend).

And yes, the amount you make varies on numerous factors including difficulty, existing masternode count, month for MN payout, and price per coin. A rough approximate is about 18-22% return annually in DASH terms.

[majamina]

Then again it seems that throwing mud and false accusations is easier than trying to outdo DASH/Darkcoin.

totally true.

can't innovate on your own coin, go FUD better coins, hope that wins.....then fail.