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

[GhostPlayer]

Just for laughs, can somebody here who is good at statistics give the percentage of MNs that should be paid within 24, 48, and 72 hours at a normal distribution? I'm a history major, so I'm not much help with that =)

I suck at math, but it goes like this.

Time between blocks = 2.5 mins ... on average
Block per hour =  60/2.5 = 24 blocks per hour... on average
24 blocks * 24 hours = 576 blocks per day...  on average
Each block = 5 DRK mining reward. 20% goes to Masternodes. 5 x 0.2 = 1
576 blocks x 1 = 576 DRK per day to the masternodes.
576 / nº masternodes =  theoretical payout, per node, per day

Right now, there are 389 active masternodes.

so 576 / 389 = 1,4807 DRK per node, per day... on average

Now... this is only half the story, as we're only half way into full payouts. Payment enforcement is NOT on right now, so these numbers do NOT reflect the reality of things. Informally, I'd say about 50% is properly updated... so around 0.8 DRK per node per day.

Also, dont forget, variance is a bitch! So statistically, let it roll a few days for a normal "N" or "Bell distribution"

Only when Evan turns the "spork" switch on will this math be true. We are currently in "beta payout mode"

[1714931941]

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[innergy]

So every masternode has a 1/15 chance to win hourly (if there are 400).
It could be a long not-winning sequence.. 

[GhostPlayer]

So every masternode has a 1/15 chance to win hourly (if there are 400).
It could be a long not-winning sequence..  

Hourly? no no no...  its a fixed denomination of 20% from a winning block reward. You dont have shares like in a mining pool.

Either you get 1 DRK, or you dont. So in my previous post, the "reality" of 0.8 dRK is even more deceitful as you can either get 1DRK, or you dont.

Making variance even a bigger bitch than she normally is. So yea, it could mean a long not-winning sequence, but by all means this is not a abad thing.

[innergy]

So every masternode has a 1/15 chance to win hourly (if there are 400).
It could be a long not-winning sequence..  

Hourly? no no no...  its a fixed denomination of 20% from a winning block reward. You dont have shares like in a mining pool.

Either you get 1 DRK, or you dont. So in previous post, the "reality" of 0.8 dRK is even more deceitful as you can either get 1DRK, or you dont.

Making variance even a bigger bitch.

Just wanted to simplify calculations..
I mean.. if 24 masternodes get paid every hour, you have a 24/(MN number) chance to win at this exact hour.. I think.

[luigi1111]

Just for laughs, can somebody here who is good at statistics give the percentage of MNs that should be paid within 24, 48, and 72 hours at a normal distribution? I'm a history major, so I'm not much help with that =)

Well it will vary wildly with the # of current nodes, but presently we have 379. Using that and assuming we have 100% payouts, we get:

(378/379)^576 = ~78% chance of getting paid in 24 hours
(378/379)^1152 = ~95% chance of getting paid in 48 hours
(378/379)^1728 = ~99% chance of getting paid in 72 hours

Exactly what I was looking for!! Thanks!!

So using that formula and assuming 2/3 of pools are paying (approx 380 blocks per day): 63%, 87%, and 95% respectively. Thanks for teaching me the formula!

P.S. Making a few more assumptions:
Day 1: 230 payments (average of 40% participation); MNs approx. 270
Day 2: 316 payments (average of 55% participation); MNs approx. 360
Day 3: 384 payments (average of 67% participation); MNs approx. 450?

Day 1 odds of receiving a payment are 57%, Day 2 is 78%, Day 3 is
87%.

So it's not inconceivable that some people haven't received payments. Guess I will be patient =)

Yup, you got it (not that I checked your math). Basically you convert to the chance of the event NOT happening, then compute to the power of number of iterations.

[luigi1111]

So every masternode has a 1/15 chance to win hourly (if there are 400).
It could be a long not-winning sequence..  

Hourly? no no no...  its a fixed denomination of 20% from a winning block reward. You dont have shares like in a mining pool.

Either you get 1 DRK, or you dont. So in previous post, the "reality" of 0.8 dRK is even more deceitful as you can either get 1DRK, or you dont.

Making variance even a bigger bitch.

Just wanted to simplify calculations..
I mean.. if 24 masternodes get paid every hour, you have a 24/(MN number) chance to win at this exact hour.. I think.

This seems intuitively correct, but actually isn't. You have 24 iterations of the math I presented above.
So...
(383/384)^24 = ~ 6% chance

It's fairly close to your rough math, but gets more different the more blocks you do it with.

[Sniggly]

That's confusing the way the world ought to be with the way that it is. Google for pos proof of and tell me what the first page is full of. Things don't go away just because they have no good reason to exist.

You have presented a premise of Conventional Stupidity as if it were factual. It is only factual if you adopt it as your own.

It's only so because you encourage it to be... It went away for me when I threw it out. I actively remove from my life that which has no good reason to exist. If everyone else fails to do that, sucks to be them...

Neither Google, nor the unwashed masses, define my thoughts for me. If you choose to adopt their ideas that's your choice. It is not mine.

It is a choice we all make. Try not to impose it on others so much, k? It's that subtle slight-of-hand that causes people to make choices that they don't even realize they are making...

You cannot contribute to the Forest. You can only contribute to the Tree. Thus, there is no such thing as collective wisdom, contributing to society, or socialism; the root of these concepts. This is why socialism fails, and any premise predicated upon it; it's not real. It is the lie you tell yourself to feel good about failing to be better than your genetics.

And before you call me crazy... The line between Genius and Insanity is drawn exclusively by those who comprehend neither.

Every once in a great while I read something that makes me pay attention.  In my age these moments are becoming far and few between.  If I may I'd like to add this to your comment regarding collective wisdom.  Your statement is powerful and I have found that sometimes you have to take it down a notch for the 'masses'.  Just as wisdom is not collective, neither is the chewing of your food.  I suppose someone could chew it for you but if you accept it then what are you?  The action of your hand when it uses a pen to write is not collective.  If someone were to stand next to you and tell you what to write, you have the CHOICE, which is a self evident property of the reasoning mind, to not write it, comply, or to simply not write at all.  If you exercise choice, there cannot exist a collective anything.  Period.

[roede94105]

Ghostplayer is that you talking to me on IRC #Darkcoin?

I talked with yidakee, was a pretty serious talk and then he had to leave, and now a "ghost player" is talking with me but acting kinda weird..

Apparently it's from the joint smoking, IDK, answer me here please.

I'm kinda playing with a big investment by trying to setup a MN, I just don't want to believe any wrong person.

No offense intended

[GhostPlayer]

Ghostplayer is that you talking to me on #IRC?

I talked with yidakee and now a "ghost player" is talking with me but acting kinda weird..

Apparently it's from the joint, IDK, answer me here please

 Oui mon ami !! (without the "e" this time hehe...)

 yidakee is my "Darkcoin" nick over at Darkcointalk and IRC, plus it is a registered nick with IRC Nickserv. No one can use it.
 If "yidakee_" or some variance, be weary. But "yidakee" is registered so I cannot be snitched.

The other day we had an InternnetApe  (with 2x "n") on the channel.. Be VERY careful with scammers. Shit, I really got to run!!

 See 'ya tomorrow 'folk!

 

[innergy]

So every masternode has a 1/15 chance to win hourly (if there are 400).
It could be a long not-winning sequence..  

Hourly? no no no...  its a fixed denomination of 20% from a winning block reward. You dont have shares like in a mining pool.

Either you get 1 DRK, or you dont. So in previous post, the "reality" of 0.8 dRK is even more deceitful as you can either get 1DRK, or you dont.

Making variance even a bigger bitch.

Just wanted to simplify calculations..
I mean.. if 24 masternodes get paid every hour, you have a 24/(MN number) chance to win at this exact hour.. I think.

This seems intuitively correct, but actually isn't. You have 24 iterations of the math I presented above.
So...
(383/384)^24 = ~ 6% chance

It's fairly close to your rough math, but gets more different the more blocks you do it with.

Nevermind, I just got my first MN payment and all looks good  
So.. I'm gonna go to sleep right now.. smiling

[eduffield]

Just for laughs, can somebody here who is good at statistics give the percentage of MNs that should be paid within 24, 48, and 72 hours at a normal distribution? I'm a history major, so I'm not much help with that =)

Well it will vary wildly with the # of current nodes, but presently we have 379. Using that and assuming we have 100% payouts, we get:

(378/379)^576 = ~78% chance of getting paid in 24 hours
(378/379)^1152 = ~95% chance of getting paid in 48 hours
(378/379)^1728 = ~99% chance of getting paid in 72 hours

Exactly what I was looking for!! Thanks!!

So using that formula and assuming 2/3 of pools are paying (approx 380 blocks per day): 63%, 87%, and 95% respectively. Thanks for teaching me the formula!

P.S. Making a few more assumptions:
Day 1: 230 payments (average of 40% participation); MNs approx. 270
Day 2: 316 payments (average of 55% participation); MNs approx. 360
Day 3: 384 payments (average of 67% participation); MNs approx. 450?

Day 1 odds of receiving a payment are 57%, Day 2 is 78%, Day 3 is
87%.

So it's not inconceivable that some people haven't received payments. Guess I will be patient =)

Yup, you got it (not that I checked your math). Basically you convert to the chance of the event NOT happening, then compute to the power of number of iterations.

Hmm, I just wrote a script to calculate this and I'm getting different numbers:

https://darkcointalk.org/threads/masternode-payment-variance.1636/

[slapper]

Wrote a response in rpietala's thread that I thought everyone needs to see. No apologies for the rude undertones.

Anybody read this post about Darkcoin before?  Yea, we all know it was instamined/premined, but the amount of detail this guy put into his Darkcoin instamine analysis and the amount of coins that went to so few people is mind boggling.  It really does look like it was done at a level rivaling that of scamcoins like Stackcoin.

https://bitcointalk.org/index.php?topic=560138.msg7541076#msg7541076

You are one of the reasons why Stackcoins happen. I was trying to resist quoting you, posting a retort, or generally expressing my frustration, but I gave in.

Look, we get it. Instamine happened. There is NO denying it. However post instamine events have levelled the playing field. This is being mentioned again and again and again. But pricks like you just want to annoy yourself and want the whole world to share the annoyance with you. We get it, but we don't want to participate for a multitude of reasons that is not fathomable to you or your kind.

Evan has changed the landscape of altcoins post sCrypt ASICs:

*x11 for months has been the main PoW. Yes the whole point of these altcoins is pointlessness, but they realized that this algo at least kept some part of their hardware investments going.
*Anon wannabe coins springing out of nowhere. All of them not even realizing what the non-transparent blockchain should look like and what is it that the next challenge that cryptos want to fix. It at least brought Monero to limelight and people found out a VERY big broken piece in Bitcoin.
*Difficulty retargetting in the wake of multipools. DGW was unabashedly copied/pasted.
*Proof of Service where nodes need to be recognized and compensated. Yes this will be the next big wave of cloning.
*Fancy terms mimicking and flattering Darksend or MasterNodes like "NiteSend", "SuperSend", "CloakSend", "XNodes" and what not. NONE of these are improvements and the real scams and NEVER get called out for that. Everyone just wants to jump in for the pumps and resulting bitcoins.
* Yet to be announced anonymity enhancement sets for the simple fear of spawning more phonetic clones.

Evan put his name out there, interviewed with media outlets, wrote a whitepaper which is admittedly unfinished, set out his intentions for Darkcoin in clear and has been working tirelessly for months brining the non-transparent blockchain needs to limelight.

And yet no one calls for the real scammers like Stackcoin, Edgecoin, SharexCoins and tons of other scam coins. And Evan is the scammer?

Evan has spawned a multimillion crypto-economy that is growing by the day as more people are recognizing and accepting the need and the want for non-transparent blockchain. Indirectly he has produced even bigger economy due to Darkcoin coming to limelight.

And that is why Evan's worldwide fame is growing by the day. And you are an internet troll who when he dies, even the family will say "Good Fucking Riddance".

[gadado]

Just for laughs, can somebody here who is good at statistics give the percentage of MNs that should be paid within 24, 48, and 72 hours at a normal distribution? I'm a history major, so I'm not much help with that =)

Well it will vary wildly with the # of current nodes, but presently we have 379. Using that and assuming we have 100% payouts, we get:

(378/379)^576 = ~78% chance of getting paid in 24 hours
(378/379)^1152 = ~95% chance of getting paid in 48 hours
(378/379)^1728 = ~99% chance of getting paid in 72 hours

Exactly what I was looking for!! Thanks!!

So using that formula and assuming 2/3 of pools are paying (approx 380 blocks per day): 63%, 87%, and 95% respectively. Thanks for teaching me the formula!

P.S. Making a few more assumptions:
Day 1: 230 payments (average of 40% participation); MNs approx. 270
Day 2: 316 payments (average of 55% participation); MNs approx. 360
Day 3: 384 payments (average of 67% participation); MNs approx. 450?

Day 1 odds of receiving a payment are 57%, Day 2 is 78%, Day 3 is
87%.

So it's not inconceivable that some people haven't received payments. Guess I will be patient =)

Yup, you got it (not that I checked your math). Basically you convert to the chance of the event NOT happening, then compute to the power of number of iterations.

Hmm, I just wrote a script to calculate this and I'm getting different numbers:

https://darkcointalk.org/threads/masternode-payment-variance.1636/

The calculation we/they did was the chance that one specific masternode gets payed within a given time.

if I read your script right you just simulated a run and printed the distribution you got. That's not comparable.


edit: ah wait it possible is if you add together the ones that got payed.

[Donho]

posted this over on DRKcointalk but wanted to get it in here aswell:

I don't know if someone has already suggested this. But I think a really nice feature for the next RC/update would be the option to set a payout address for the MN payments in the cold wallet.
So one has the option to set an address of a hot or another cold wallet to get the masternode payments send to.
To change the address one would obviously need to unlock the cold wallet with the 1000DRK once and then put in a payment address.
Once this is done you would only have to access the cold MN wallet if you want to access the 1000DRK. And you could manage the payments on another wallet.
Thoughts?

[roede94105]

Ghostplayer is that you talking to me on #IRC?

I talked with yidakee and now a "ghost player" is talking with me but acting kinda weird..

Apparently it's from the joint, IDK, answer me here please

 Oui mon ami !! (without the "e" this time hehe...)

 yidakee is my "Darkcoin" nick over at Darkcointalk and IRC, plus it is a registered nick with IRC Nickserv. No one can use it.
 If "yidakee_" or some variance, be weary. But "yidakee" is registered so I cannot be snitched.

The other day we had an InternnetApe  (with 2x "n") on the channel.. Be VERY careful with scammers. Shit, I really got to run!!

 See 'ya tomorrow 'folk!

 

Alright, thanks l'ami!

Were you also the "ghost player" high as fuck guy? ^^

[Minotaur26]

Updating Masternodes?

I have no problems creating a masternode from scratch, generating the keys, starting the masternode etc. Now I am confused as to the updating process.

How can you be sure after updating that your masternode is OK?

My current update process is:

Remote server:

1. Stop darkcoind on remote server.
2. Update.
3.Run darkcoind on remote server

Local client:

1.Run local client.
2. masternode start 'mypassphrase'
3. Masternode started successfully

I don’t touch the darkcoin.conf at all, with that I get successfully started masternode and I appear on the lists with status 1. Now from what I have read there seems to be  some confusion whether this is enough or not. I have seen some people generate new keys, or even change the IP.  Is that really necessary? Could someone confirm what are the minimum steps for  a successful update or point me to the information? Thank you.

[GhostPlayer]

Alright, thanks l'ami!

Were you also the "ghost player" high as fuck guy? ^^

 Non non, ce la c'est un putain scammer!  

 Je suis entrain de registrer le nick pour securité. Ne parlais pas personne mais "yidakee"

[eduffield]

Just for laughs, can somebody here who is good at statistics give the percentage of MNs that should be paid within 24, 48, and 72 hours at a normal distribution? I'm a history major, so I'm not much help with that =)

Well it will vary wildly with the # of current nodes, but presently we have 379. Using that and assuming we have 100% payouts, we get:

(378/379)^576 = ~78% chance of getting paid in 24 hours
(378/379)^1152 = ~95% chance of getting paid in 48 hours
(378/379)^1728 = ~99% chance of getting paid in 72 hours

Exactly what I was looking for!! Thanks!!

So using that formula and assuming 2/3 of pools are paying (approx 380 blocks per day): 63%, 87%, and 95% respectively. Thanks for teaching me the formula!

P.S. Making a few more assumptions:
Day 1: 230 payments (average of 40% participation); MNs approx. 270
Day 2: 316 payments (average of 55% participation); MNs approx. 360
Day 3: 384 payments (average of 67% participation); MNs approx. 450?

Day 1 odds of receiving a payment are 57%, Day 2 is 78%, Day 3 is
87%.

So it's not inconceivable that some people haven't received payments. Guess I will be patient =)

Yup, you got it (not that I checked your math). Basically you convert to the chance of the event NOT happening, then compute to the power of number of iterations.

Hmm, I just wrote a script to calculate this and I'm getting different numbers:

https://darkcointalk.org/threads/masternode-payment-variance.1636/

The calculation we/they did was the chance that one specific masternode gets payed within a given time.

if I read your script right you just simulated a run and printed the distribution you got. That's not comparable.


edit: ah wait it possible is if you add together the ones that got payed.

Ah, I got my script to generate percentages. Pretty close to yours.

72.25 % masternodes were paid in 1 days
92 % masternodes were paid in 2 days
99 % masternodes were paid in 3 days
99 % masternodes were paid in 4 days
99 % masternodes were paid in 5 days
100 % masternodes were paid in 6 days

[roede94105]

Alright, thanks l'ami!

Were you also the "ghost player" high as fuck guy? ^^

 Non non, ce la c'est un putain scammer!  

 Je suis entrain de registrer le nick pour securité. Ne parlais pas personne mais "yidakee"

Alright, got it man, thanks for your answer

[gadado]

It looks ok to me. With your data (the not payed):

1Day:
 (107 / 400) -> 26.75%
 (399/400) ^519 -> 27%

3Days
     7 /400 ->  1.75%
 (399/400)^1557 -> 2%