bluebit25
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June 03, 2015, 06:27:21 PM |
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Thanks to everyone who answered my questions, I'm truly glad to be part of this amazing community. Looking forward to the new updates.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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oaxaca
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June 03, 2015, 06:28:47 PM |
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When a masternode owner get's paid, are those new Dash locked like the other 1000 Dash or can the masternode owner sell them right away?
The payout is can be sent to a different address(the 1k stays the same), either to the same wallet or a different one(via a donation address), it is not locked and can be sent via the enable expert coin features if from same 1k wallet. Fixed. The payouts can be used normally; hold, spend, etc.
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Sub-Ether
Sr. Member
Offline
Activity: 434
Merit: 250
Quantum entangled and jump drive assisted messages
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June 03, 2015, 06:34:21 PM |
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Thanks to everyone who answered my questions, I'm truly glad to be part of this amazing community. Looking forward to the new updates.
Keep up with the good questions! If you consider yourself a miner, this is a lot better option because it is basically ASIC and Moore's law proof, meaning that once you have the Dash, you don't need to worry about upgrading every 5 minutes to keep up with every increasing difficulty due to chip developments and stealth optimizations, the miners do the hashing work and the masternodes do the proof of service masternode work, kind of like a symbiotic relationship really
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Dash is 27.3 times faster with syncing and updating than Bitcoin and 93.7 times faster than Monero. Bitcoin (v0.11.0) has a Tao ratio 11.2% faster than bitcoin (v0.10.0) release. Dash (v.0.12.0.49) = Tao sync ratio = 0.15 seconds / hour of update || Dash (v.0.11.2.23) = Tao sync ratio = 0.24 seconds / hour of update. V12 versus V11 speedup = +36.5% Bitcoin (v.0.11.0) = Tao sync ratio = 4.14 seconds / hour of update || Monero (v.0.41.1) = Tao sync ratio = 14.2 seconds / hour of update
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bluebit25
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June 03, 2015, 06:37:35 PM |
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Thanks to everyone who answered my questions, I'm truly glad to be part of this amazing community. Looking forward to the new updates.
Keep up with the good questions! If you consider yourself a miner, this is a lot better option because it is basically ASIC and Moore's law proof, meaning that once you have the Dash, you don't need to worry about upgrading every 5 minutes to keep up with every increasing difficulty due to chip developments and stealth optimizations, the miners do the hashing work and the masternodes do the proof of service masternode work, kind of like a symbiotic relationship really I don't know if it would be worth it to mine on my 2015 15" Macbook Pro. It's got 16GB of RAM, but I think mining uses the CPU or GPU?
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Sub-Ether
Sr. Member
Offline
Activity: 434
Merit: 250
Quantum entangled and jump drive assisted messages
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June 03, 2015, 06:41:57 PM |
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I don't know if it would be worth it to mine on my 2015 15" Macbook Pro. It's got 16GB of RAM, but I think mining uses the CPU or GPU?
Don't bother, it will cost more in machine wear and tear, you will not get any coins. But you could host a masternode on any low spec machine, thats the point.
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Dash is 27.3 times faster with syncing and updating than Bitcoin and 93.7 times faster than Monero. Bitcoin (v0.11.0) has a Tao ratio 11.2% faster than bitcoin (v0.10.0) release. Dash (v.0.12.0.49) = Tao sync ratio = 0.15 seconds / hour of update || Dash (v.0.11.2.23) = Tao sync ratio = 0.24 seconds / hour of update. V12 versus V11 speedup = +36.5% Bitcoin (v.0.11.0) = Tao sync ratio = 4.14 seconds / hour of update || Monero (v.0.41.1) = Tao sync ratio = 14.2 seconds / hour of update
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Sub-Ether
Sr. Member
Offline
Activity: 434
Merit: 250
Quantum entangled and jump drive assisted messages
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June 03, 2015, 06:48:47 PM |
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Like a Raspberry Pi 2 b :-D
I love this thing :-D
When you get to Gautamala, you will have enough sun to keep it going 24/7 with a little battery backup. Moore's law comes in many forms,
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Dash is 27.3 times faster with syncing and updating than Bitcoin and 93.7 times faster than Monero. Bitcoin (v0.11.0) has a Tao ratio 11.2% faster than bitcoin (v0.10.0) release. Dash (v.0.12.0.49) = Tao sync ratio = 0.15 seconds / hour of update || Dash (v.0.11.2.23) = Tao sync ratio = 0.24 seconds / hour of update. V12 versus V11 speedup = +36.5% Bitcoin (v.0.11.0) = Tao sync ratio = 4.14 seconds / hour of update || Monero (v.0.41.1) = Tao sync ratio = 14.2 seconds / hour of update
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TaoOfSaatoshi
Legendary
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Activity: 2156
Merit: 1014
Dash Nation Founder | CATV Host
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June 03, 2015, 06:55:14 PM |
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I'm trying to understand this masternode system correctly. Currently, masternodes get paid less than $2 per day. That's not a lot. It takes 1,000 DASH to buy a Masternode. Where does the money that pays these nodes come from? From the miners?
More Masternodes = Price up initially to buy 1, then its Dash price slowly goes down each time the masternode owner decides to sell some of his earned DASH. So basically want is happening is that the value from the miners get's transfered to masternode owners.
Let's say lots of people want DASH for multiple reasons: anonymous, fast, voting, decentralized, etc. and the price rises a lot. This would mean that it would cost more to buy a Masternode. The higher the price, the more money you need to buy one. That means, that eventually, the growth of masternodes will slow down with price rises. But...the higher the price of 1 masternode, the more the owners get paid per day? So would it be possible to get paid $15 per day for 1 masternode in the future? Would that cause more people to buy masternodes?
Will miners eventually stop mining when there are no more blocks left in the future? In how many years? Would that be the end of DASH? Masternode owners not getting paid.
Oh I totally forgot this essential part: Masternodes get paid to mix coins. Now it all makes sense to me. If you want your coins mixed you got to pay for this service, and I'm sure other services might be added to Masternodes in the future.
OK, let me try to help. You don't "buy" masternodes, a masternode is a Dash full node that besides basic services like propagating messages and securing the network also provide special services like mixing and securing instant transactions, all coins need full nodes but most coins only use them for the basic functions inherited from Bitcoin. In the case of Dash there is added value functionality that is provided by the full nodes. The 1000DASH is a collateral that establishes a bond of trust between the masternode and the network and prevents Sybil attacks, because people can't just create a bunch of full nodes for free to attack the network, this makes the masternode network really secure. In this sense the 1000DASH are a collateral, you don't "buy" a masternode as you never give up control of your 1000DASH to anyone you always retain control of your coins and your are free to sell them whenever you like. Obviously if you sell them your node stops running and you stop getting paid as you are no longer providing a service. For providing different services, Masternodes operators get paid a portion of the block rewards,exactly like miners, this portion is divided between all existing masternodes, exactly like miners too, so the more masternodes there are the less money they get for providing these services. This creates a natural market dynamic that depends on market sentiment and investor confidence, if investors perceive less risk they are willing to take a smaller reward and thus the masternode count continues to rise. When the market feels the rewards are too little it may correct, so on and so forth. It is a self correcting system. The Dash full node network is serving its purpose really well and more services will be added on top of the already existing ones. You can easily calculate your payments in Dash from running a masternode, just like you can calculate your payments from mining. Right now a Dash full node operator gets around 0.5 DASH per day, if you think of that based on the exchage rate today that comes out to be like 1.50 USD per day that is around 550 USD year, while you hold around 3000 USD worth of Dash as collateral for your full node to run and are free to sell that at any time, is not bad. But in reality just like with mining people are not running master nodes for the current exchange rate, you run masternodes to accumulate Dash now, so that you can potentially realize gains in the future at much better exchange rates or just directly spend Dash for goods and services. So just like mining people take a risk now as they see a lot of upside potential. About a future where running a masternode requires a larger amount in FIAT terms as collateral due to price appreciation, I think that is a future everyone is hoping for. The collateral requirement could always be lowered when that time comes or people can take advantage of shared masternoding which is already very popular and there are several services available for that, just like pool mining. I hope this clarifies a little. @Minotaur26 Thanks for posting this. Totally tweet-worthy. https://twitter.com/taoofsatoshi/status/606169168828887041
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bluebit25
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June 03, 2015, 07:00:13 PM |
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I don't know if it would be worth it to mine on my 2015 15" Macbook Pro. It's got 16GB of RAM, but I think mining uses the CPU or GPU?
Don't bother, it will cost more in machine wear and tear, you will not get any coins. But you could host a masternode on any low spec machine, thats the point. Lke a Raspberry Pi 2 b :-D I love this thing :-D It would be cool if a computer expert made a Dash video explaining how to host a masternode on a Raspberry Pi. For us folks that have little computer knowledge
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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bertlebbert
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June 03, 2015, 07:06:29 PM |
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I don't know if it would be worth it to mine on my 2015 15" Macbook Pro. It's got 16GB of RAM, but I think mining uses the CPU or GPU?
Don't bother, it will cost more in machine wear and tear, you will not get any coins. But you could host a masternode on any low spec machine, thats the point. Lke a Raspberry Pi 2 b :-D I love this thing :-D It would be cool if a computer expert made a Dash video explaining how to host a masternode on a Raspberry Pi. For us folks that have little computer knowledge Not video, but here's a guide: https://dashtalk.org/threads/masternode-on-raspberry-pi-2-model-b.4083/
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oaxaca
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June 03, 2015, 07:35:13 PM |
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The electric can go out from time to time
oh wait - no electric - no internet - hummmm - nevermind - lol
but I still might look into it lol
2 words: Batt ery
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coins101
Legendary
Offline
Activity: 1456
Merit: 1000
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June 03, 2015, 08:06:19 PM |
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I don't know if it would be worth it to mine on my 2015 15" Macbook Pro. It's got 16GB of RAM, but I think mining uses the CPU or GPU?
Don't bother, it will cost more in machine wear and tear, you will not get any coins. But you could host a masternode on any low spec machine, thats the point. Lke a Raspberry Pi 2 b :-D I love this thing :-D Ditto. I have 2, getting some more.
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bluebit25
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June 03, 2015, 08:25:27 PM |
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Can one Raspberry Pi run multiple masternodes or only 1?
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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bertlebbert
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June 03, 2015, 08:47:16 PM |
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Can one Raspberry Pi run multiple masternodes or only 1?
Hooked up to 1 unique static IP address, so just 1 MN
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sangoku
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June 03, 2015, 08:48:21 PM |
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DΛSH is digital cash. Transactions are obscured in the blockchain, making them private from the wallet. You can send Dash to family or friends, or pay for goods or services, anywhere in the world. DΛSH Anonymous and Untraceable. The Perfect Digital Cash And The Best Way To Protect Your Privacy https://www.dashpay.io DΛSH is 59.5 times faster with syncing and updating than Monero.My DΛSH Address: XgF6sNzGHU58dn36WsC16no9FHct6nPeZD
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bluebit25
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June 03, 2015, 09:03:26 PM |
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Can one Raspberry Pi run multiple masternodes or only 1?
Hooked up to 1 unique static IP address, so just 1 MN I'm thinking about getting a Raspberry Pi to play around and get comfortable with it. Only $35 for just the board. Should I get a kit: http://www.amazon.com/CanaKit-Raspberry-Complete-Original-Preloaded/dp/B008XVAVAW/ref=sr_1_1?ie=UTF8&qid=1433362739&sr=8-1&keywords=RASPBERRY+PIbefore I go run out buy something I don't need. What do I need to run a masternode with raspberry pi? This is what the CanaKit includes Kit Includes: - New Raspberry Pi 2 (RPi2) Quad-Core 900 MHz 1GB RAM (As of Feb, 17 2015) - Quick-Start Guide - CanaKit WiFi Adapter / Dongle (Ralink RT5370 chipset) - 8 GB MicroSD Card - Raspberry Pi Recommended MicroSD Card with NOOBS - High Quality Raspberry Pi 2 Case - CanaKit 2.5A Micro USB Power Supply (UL Listed) specially designed for the Raspberry Pi 2 (5-foot cable) - Premium Quality HDMI Cable (6-foot) - Heat Sink - A handy GPIO Quick Reference Card - CanaKit General Assembly Guide for Beginners to Electronics
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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fuzzyduck
Member
Offline
Activity: 78
Merit: 10
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June 03, 2015, 09:21:13 PM |
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Can one Raspberry Pi run multiple masternodes or only 1?
Hooked up to 1 unique static IP address, so just 1 MN I'm thinking about getting a Raspberry Pi to play around and get comfortable with it. Only $35 for just the board. Should I get a kit: http://www.amazon.com/CanaKit-Raspberry-Complete-Original-Preloaded/dp/B008XVAVAW/ref=sr_1_1?ie=UTF8&qid=1433362739&sr=8-1&keywords=RASPBERRY+PIbefore I go run out buy something I don't need. What do I need to run a masternode with raspberry pi? This is what the CanaKit includes Kit Includes: - New Raspberry Pi 2 (RPi2) Quad-Core 900 MHz 1GB RAM (As of Feb, 17 2015) - Quick-Start Guide - CanaKit WiFi Adapter / Dongle (Ralink RT5370 chipset) - 8 GB MicroSD Card - Raspberry Pi Recommended MicroSD Card with NOOBS - High Quality Raspberry Pi 2 Case - CanaKit 2.5A Micro USB Power Supply (UL Listed) specially designed for the Raspberry Pi 2 (5-foot cable) - Premium Quality HDMI Cable (6-foot) - Heat Sink - A handy GPIO Quick Reference Card - CanaKit General Assembly Guide for Beginners to Electronics Read through my tutorial @ https://dashtalk.org/threads/masternode-on-raspberry-pi-2-model-b.4083/ for what you need. Basics is just the pi2 and a ppower supply. I'm only using 1,5A cut I don't have aany USB devices attached.
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bluebit25
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June 03, 2015, 09:23:00 PM |
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Thanks for the link, reading it right now
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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pille
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June 03, 2015, 09:25:10 PM |
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And dont forget micro SD card and LAN cable or wifi stick (yes I know, he may own this already)
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oaxaca
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June 03, 2015, 09:30:56 PM |
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before I go run out buy something I don't need. What do I need ...
Most important thing. 1 Static IP. Without that, you're going to be in trouble.
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bluebit25
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June 03, 2015, 09:33:13 PM |
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what happens when a masternode is mixing coins and then loses internet connection while mixing? what happens to the coins?
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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