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Author Topic: Idena is the first Proof-of-Person Blockchain  (Read 30429 times)
ZEIIMAN
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October 19, 2020, 07:33:01 PM
 #1601

Hmm interesting that could be the reason why I failed to get validated that was the last time I failed to get validated after so many months of successful validation it was unexpected to me honestly because I can easily pass this but the lag contributed to why I failed it, I would like to get the consensus of the users here if If 1 core / 2 GB is not enough to get you validated and you would have to upgrade.

Dunno where you have/had your VPS but my provider allows me to resize droplet anytime i want. So i simply do it 30 min before validation to 2vCPU/4GB to be 100% sure that my hardware won't be a bottleneck. After validation i resize back to 1vCPU/2 GB. Cost of such thing is negligible (free resize, only 1.5 cent for 1 h on better hardware).

edit:
Better do it 1-2 h before validation first time and check how long it takes for your provider.
what kind of service provider is this? Hetzner only allows you to increase the power, but not to reduce it...

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Ertugrul_Ghazi
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October 20, 2020, 12:40:48 AM
 #1602

 Huh How can a blockchain can work with Proof of Person ? 
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October 20, 2020, 05:12:33 AM
 #1603

How exactly does one differentiate between PoW and PoP?  Grin
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October 20, 2020, 05:23:28 AM
 #1604


what kind of service provider is this? Hetzner only allows you to increase the power, but not to reduce it...

I bet he is making a new (better) VPS few hours before the validation, and then after the validation he moves back his Idena nodes to the lower VPS and deletes the VPS used for validation.

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October 20, 2020, 05:56:40 AM
Last edit: October 20, 2020, 06:43:55 AM by Tytanowy Janusz
 #1605

I bet he is making a new (better) VPS few hours before the validation, and then after the validation he moves back his Idena nodes to the lower VPS and deletes the VPS used for validation.

You just lost your bet.

Quote
There are two resizing options for Droplets:

CPU and RAM only. This option lets you increase or decrease the amount of CPU and RAM available to a Droplet.

Disk, CPU, and RAM. This option increases the amount of CPU and RAM available to a Droplet and permanently increases the size of a Droplet's disk.
https://www.digitalocean.com/docs/droplets/how-to/resize/


But this will work too if your provider does not support automated droplet resize in both ways. But little different if we are talking about provider that allow you to increase only. You increase you VPS before validation and just after you need to destroy it and create new weaker one.

I would not risk my stake on 1 vCPU / 2 GB RAM.

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ZEIIMAN
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October 20, 2020, 07:20:45 AM
 #1606

Huh How can a blockchain can work with Proof of Person ? 
Read info: https://idena.io/?view=technology

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October 20, 2020, 07:31:23 AM
 #1607

I bet he is making a new (better) VPS few hours before the validation, and then after the validation he moves back his Idena nodes to the lower VPS and deletes the VPS used for validation.

You just lost your bet.



Ouch, my bad. I never used DigitalOcean VPS service. Only Vultr in the past.

Good to know, tho.
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October 20, 2020, 10:19:59 AM
 #1608

Interesting, I see more than 4K nodes in the network, any guess EOY?
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October 20, 2020, 12:52:59 PM
 #1609

I checked on Coinmarketcap that the total supply of IDNA is 59,415,712 IDNA and Circulating Supply is 32,214,655 IDNA, how many IDNA have been mined at this time? how long will all IDNA be mined? is there a block reduction system like bitcoin from 50 to 25 to 12.5?
I was surprised to transfer IDNA from the wallet to Hotbit so quickly entered the deposit

One thing is certain that I know, when each validation ceremony the number of participants increases and they successfully change status to newbie, the daily mining will be even less. Now we can only get 6 iDNA per day, maybe next month we will only get around 4 to 5 iDNA per day.

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October 20, 2020, 01:08:35 PM
 #1610

I checked on Coinmarketcap that the total supply of IDNA is 59,415,712 IDNA and Circulating Supply is 32,214,655 IDNA, how many IDNA have been mined at this time? how long will all IDNA be mined? is there a block reduction system like bitcoin from 50 to 25 to 12.5?
I was surprised to transfer IDNA from the wallet to Hotbit so quickly entered the deposit

One thing is certain that I know, when each validation ceremony the number of participants increases and they successfully change status to newbie, the daily mining will be even less. Now we can only get 6 iDNA per day, maybe next month we will only get around 4 to 5 iDNA per day.
Yes ,the more active miners in the network ,the lower the reward ,because the number of coins is the same per day and depends only on the number of nodes that mine ,now there are 4012 of them Wink

ZEIIMAN
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October 20, 2020, 05:57:31 PM
 #1611

Idena has released a test web client, If you want, you can test it until validation is out of the possibilities. Warning - you need to show the private key!!! Link from discord.
https://discuss.idena.website/d/23-web-validation-beta-testing

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October 20, 2020, 08:11:05 PM
 #1612

what kind of service provider is this? Hetzner only allows you to increase the power, but not to reduce it...
Hmm. I don't know what's wrong, but i use Hetzner, and last three validations it allows me to increase my VPS on 2 cores / 4gb ram, and then i can easily reduce it to 1 core / 2gb once again. Huh

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othell_rogue
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October 21, 2020, 05:57:12 AM
 #1613

I checked on Coinmarketcap that the total supply of IDNA is 59,415,712 IDNA and Circulating Supply is 32,214,655 IDNA, how many IDNA have been mined at this time? how long will all IDNA be mined? is there a block reduction system like bitcoin from 50 to 25 to 12.5?
I was surprised to transfer IDNA from the wallet to Hotbit so quickly entered the deposit

One thing is certain that I know, when each validation ceremony the number of participants increases and they successfully change status to newbie, the daily mining will be even less. Now we can only get 6 iDNA per day, maybe next month we will only get around 4 to 5 iDNA per day.

Looking at the tokenomics, I think the sweet spot for Idena rewards is 5 coins a day, (at the current price) less than this, will make people go away since is not profitable anymore ( a return under $10 a month is not worth the pain, imo).
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October 21, 2020, 03:03:15 PM
 #1614



Looking at the tokenomics, I think the sweet spot for Idena rewards is 5 coins a day, (at the current price) less than this, will make people go away since is not profitable anymore ( a return under $10 a month is not worth the pain, imo).

That is if you are looking short term but if you look at the long term potential what you will be mining now could worth $1 each or even more
I remember MRAI or Nano now I used to mine 400 MRAI daily now it's now worth $0.933581 each imagine 400 MRAI daily for a month unfortunately I sold all of it at 500 sats each not even 1 cents back then.

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October 21, 2020, 09:20:46 PM
 #1615

Looking at the tokenomics, I think the sweet spot for Idena rewards is 5 coins a day, (at the current price) less than this, will make people go away since is not profitable anymore ( a return under $10 a month is not worth the pain, imo).
Yes, now it is not as profitable as it was at $0.30 with 2500 nodes, and it will be difficult to become a millionaire now. But I am sure that this problem will be solved very soon. First of all, it will be a price increase.

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October 22, 2020, 06:56:25 AM
 #1616

One thing is certain that I know, when each validation ceremony the number of participants increases and they successfully change status to newbie, the daily mining will be even less. Now we can only get 6 iDNA per day, maybe next month we will only get around 4 to 5 iDNA per day.

It's not quite right to calculate a reward based solely on mining, as your total reward depends largely on your rank, the number of invitation codes issued, and the quality of the validation process for the people you have invited to Idena's ecosystem.  Mining gives you fewer rewards than creating good flips. But the highest rewards can be obtained by giving out the invites.

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October 22, 2020, 08:09:47 AM
 #1617

I think people from the community need to invite many journalists here and Tag some of their official twitter accounts to write a lot about IDENA https://twitter.com/IdenaNetwork/status/1319164028124598273

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October 23, 2020, 06:03:51 AM
 #1618


That is if you are looking short term but if you look at the long term potential what you will be mining now could worth $1 each or even more
I remember MRAI or Nano now I used to mine 400 MRAI daily now it's now worth $0.933581 each imagine 400 MRAI daily for a month unfortunately I sold all of it at 500 sats each not even 1 cents back then.

I understand what you are saying, that's why I am still here. But hoping that the price will go to the moon is not what people are expecting when "mining" to make a profit for their time/money investment.
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October 23, 2020, 10:43:00 AM
 #1619

Hello everyone, please give me an invite, I know everything about the project, I will not let you down. Telegram- @SergeComp
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October 24, 2020, 08:05:19 AM
 #1620

I hate to see that I never got a good score in validation because of too many irrelevant filps, I hope that the team may study how to prevent the bad flips, because even you are smart enough, you can never understand most of the flips in validation time.

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.DeFiXy...Connecting Fiat Economies..
..to the Crypto Space..............
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