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

[cAPSLOCK]

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

XMR guys so desperate....wow.

Bah. This is silly.  Don't deceive yourself.

You are definitely being trolled here, but I see no real connection to XMR.  Seriously.  The only person I recognize from any XMR threads is IceBreaker, and no offense to him, but I think I remember him being accused of trolling in the main XMR thread.

Many folks like me, who are certainly Monero supporters are also interested in this project for various reasons.  The ones I know who lurk or post here are not trolling you.

Don't let silly conspiracy nonsense cloud your mind.  Trolls are trolls most of the time.  That simple.

[illodin]

Difference between "DASH community" and "Adam" is, that it looks like "Adam" is committing civil offenses against a real person, whereas some others are just throwing insults at anonymous screennames on an internet forum.

Evan Duffield is an instaminer scammer criminal.

Now why would you say a thing like that. Evan Duffield is a publicly known real person with real name who also among other things happens to work with attorneys in his daily work, not an anonymous nick in a forum.

Meditate on that for a while, and then read these:
http://legal-dictionary.thefreedictionary.com/slander
http://legal-dictionary.thefreedictionary.com/libel
http://legal-dictionary.thefreedictionary.com/Defamation+of+character

Also note, that he changed his original post after I had quoted him, so obviously he knows what he is doing is not ok. He is directly trying to tarnish the reputation of a real person with a real known name by spreading baseless lies as truths.

Speaking of "Adam", if anyone happens to know where he lives, I heard there are some people who have some kleenex they need to deliver to him.

[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.

Or use my raspberry tutorial! The Masternode income already paid for the pi itself 4weeks straight without interfering!

Yeah, actually going to do one myself here when they come back to the $35ish price point. Just need a stable internet connection for those considering.

[qwizzie]

i'm starting to feel for these trolls that put so much of their personal time and effort into trolling this forum
day in and day out in whats obviously a very underpaid job for them.

Seriously i think these trolls should all just unite and go on longterm strike :



Demand not only better payment but also better working conditions !!!

You will have my support !! I have faith in you guys !!

[BigTimeProducer]

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

XMR guys so desperate....wow.

Bah. This is silly.  Don't deceive yourself.

You are definitely being trolled here, but I see no real connection to XMR.  Seriously.  The only person I recognize from any XMR threads is IceBreaker, and no offense to him, but I think I remember him being accused of trolling in the main XMR thread.

Many folks like me, who are certainly Monero supporters are also interested in this project for various reasons.  The ones I know who lurk or post here are not trolling you.

Don't let silly conspiracy nonsense cloud your mind.  Trolls are trolls most of the time.  That simple.

The developer "smooth" was here for quite a bit trolling away.

[BrainShutdown]

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

XMR guys so desperate....wow.

Bah. This is silly.  Don't deceive yourself.

You are definitely being trolled here, but I see no real connection to XMR.  Seriously.  The only person I recognize from any XMR threads is IceBreaker, and no offense to him, but I think I remember him being accused of trolling in the main XMR thread.

Many folks like me, who are certainly Monero supporters are also interested in this project for various reasons.  The ones I know who lurk or post here are not trolling you.

Don't let silly conspiracy nonsense cloud your mind.  Trolls are trolls most of the time.  That simple.

The developer "smooth" was here for quite a bit trolling away.

Well it's an opensource distributed community with some misbehaving nodes... 

[strix]

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.

Minotaur, FWIW, somebody really needs to update this chart with more realistic columns. We are already over 2,000 masternodes, and I hope I can add one before we reach 3,000.

(FWIW--thank you for your reminders concerning the trolls. Ignore them, and cite the facts and provide links as evidence for newbies. It does no good to engage in their antics.)

[BrainShutdown]

CAUTION!  THE FOLLOWING USERS ARE KNOWN TROLLS AND FUDSTERS.

ADAM WHITE
ICEBREAKER
ARIELBIT

Please do not feed or reply to!

New page bump  

[BrainShutdown]

Come help test 11.2.5!

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

What are you waiting for?

[qwizzie]

Come help test 11.2.5!

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

What are you waiting for?

appearently i was waiting for your post, thanks for the reminder.

[BrainShutdown]

Come help test 11.2.5!

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

What are you waiting for?

appearently i was waiting for your post, thanks for the reminder.

Don't mention it, with such trollfest it's not easy to keep up.

On another note >150 new subscribers on http://www.reddit.com/r/DRKCoin/ in the last 24h...

[Minotaur26]

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

XMR guys so desperate....wow.

Bah. This is silly.  Don't deceive yourself.

You are definitely being trolled here, but I see no real connection to XMR.  Seriously.  The only person I recognize from any XMR threads is IceBreaker, and no offense to him, but I think I remember him being accused of trolling in the main XMR thread.

Many folks like me, who are certainly Monero supporters are also interested in this project for various reasons.  The ones I know who lurk or post here are not trolling you.

Don't let silly conspiracy nonsense cloud your mind.  Trolls are trolls most of the time.  That simple.

Thanks for this. That is exactly what I have been saying, that trolls are a problem for both the community they troll and the one they claim to represent. No reasonable person wants to be represented in such a way. So we should try to fight trolling itself, not each other.

[Minotaur26]

Minotaur, FWIW, somebody really needs to update this chart with more realistic columns. We are already over 2,000 masternodes, and I hope I can add one before we reach 3,000.

(FWIW--thank you for your reminders concerning the trolls. Ignore them, and cite the facts and provide links as evidence for newbies. It does no good to engage in their antics.)

On that chart I only wanted to share the reward schedule, my calculations on the post consider 2300 full nodes.  I do agree it needs updating though.

[illodin]

I think we should start a fundraiser to buy kleenex to "Adam". If we manage to collect let's say 50 BTC, would that buy enough kleenex for him? Kleenex professionals and experts please chime in.

[wpalczynski]

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

In all seriousness what exactly is it that Adam is referring to with this master key?

[wpalczynski]

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, he does not. There is a private key for engaging the spork but that's it. This allows us to prevent forks for the time being while bugs are getting troubleshooted on mainnet when new features get rolled out.

If he chose to for whatever reason, could he crash/stop/impede the DRK network with this "masterkey"?  What exactly does this key allow him to do?

[Minotaur26]

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, he does not. There is a private key for engaging the spork but that's it. This allows us to prevent forks for the time being while bugs are getting troubleshooted on mainnet when new features get rolled out.

If he chose to for whatever reason, could he crash/stop/impede the DRK network with this "masterkey"?  What exactly does this key allow him to do?

He is refering to the Spork, is a message that is send out to the network so that you can activate, deactivate a hard fork. It works similar to the way alerts work in BTC. Is probably one of the coolest things on DASH/DRK and he chooses to troll about it. It poses absolutely no risk and gives no power, it just allows a mature network to innovate and do hard fork after hard fork in the name of progress, like DRK has been doing to implement its features.

From the OP:

Multi-Phased Fork Implementation (aka the “Spork”)
In response to unforeseen issues with the rollout of RC3, the Darkcoin development team created a mechanism by which updated code is released to the network, but not immediately made active (or “enforced”).  Communication is sent out to users informing them of the change and the need for them to update their clients.  Those who update their clients run the new code, but in the event of errors occurring with that new code, the client’s blocks are not rejected by the network and unintended forks are avoided. Data about the error can then be collected and forwarded to the development team.
Once the development team is satisfied with the new code’s stability in the mainnet environment - and once acceptable network consensus is attained - enforcement of the updated code can be activated remotely.  Should problems arise, the code can be deactivated in the same manner, without the need for a network-wide rollback or client update.
This innovation allows for far smoother transitions than in the traditional hard fork paradigm, as well as the collection of test data in the live network environment.
We set out with the intention of calling this method of updating the “Soft Fork”, but the Darkcoin community quickly dubbed it the “Spork” and the name seems to have stuck.

[wpalczynski]

Yeah, Monero is just looking sad... spreading false shit and then causing drama in the old Dashcoin thread. I'm questioning even keeping my XMR hedge on with how shitty they act. If their project is that insecure that they have to resort to attacking other coins to gain exposure, well, that says a lot about their project... Apparently it can't stand on its own two feet but needs to try to cut the legs off others to get someplace. Sad.

Adam White is not a monero supporter, I don't recall seeing his name in any monero threads and I read them everyday.  You are kind of spreading FUD yourself by saying that.

[BrainShutdown]

Yeah, Monero is just looking sad... spreading false shit and then causing drama in the old Dashcoin thread. I'm questioning even keeping my XMR hedge on with how shitty they act. If their project is that insecure that they have to resort to attacking other coins to gain exposure, well, that says a lot about their project... Apparently it can't stand on its own two feet but needs to try to cut the legs off others to get someplace. Sad.

Adam White is not a monero supporter, I don't recall seeing his name in any monero threads and I read them everyday.  You are kind of spreading FUD yourself by saying that.

Can you say the same about ICEBREAKER?

[Minotaur26]

Yeah, Monero is just looking sad... spreading false shit and then causing drama in the old Dashcoin thread. I'm questioning even keeping my XMR hedge on with how shitty they act. If their project is that insecure that they have to resort to attacking other coins to gain exposure, well, that says a lot about their project... Apparently it can't stand on its own two feet but needs to try to cut the legs off others to get someplace. Sad.

Adam White is not a monero supporter, I don't recall seeing his name in any monero threads and I read them everyday.  You are kind of spreading FUD yourself by saying that.

Sorry for that, some times trolls choose to post supporting a different project to produce exactly that effect on others.