[ANN][NHZ] - NeXT Horizon | ***PoS*** | BOUNTIES | escrow@poloniex

[Pizpie]

are there any problem with NHz?..the price going down

Price is stable around 150Sathosis atm. @DEVs is there is something wrong with NODE payment again?

No, they are just slow because they are being manually processed right now.

[Pizpie]

       





We are looking for community feedback on this distribution model:





 Without a healthy and stable market, there will be no distribution. The concept of the distribution for ‘NHZ’ has always been ‘long and fair’; unfortunately that idea has been threatened as the reward system has not kept in line with the recent gains in price. We need to take action to ensure that the market remains healthy in the short term, to guarantee ‘NHZ’s longevity.

   Currently, at a reward of 666 per day, a single node returns 19,980 ‘NHZ’ per month. At the current price of 170 satoshi’s, this comes to 0.033966 BTC, or $11.44.  Assuming a node costs $5.00 per month from Digital Ocean, that is a 128% gain. This high profit margin has given rise to people running over 40 nodes and simply dumping, which is creating significant sell pressure and strain on the market. Currently running 3016 nodes is distributing 2,008,656 NHZ per day.

   I recommend that we switch to a fixed distribution method of 1,000,000 NHZ / day. Not only will this create a longer distribution period, it will stabilize the market while keeping the nodes all in profit.

1,000,000 / 3016 = 331.57 NHZ per node
331.57 x 30   = 9946 NHZ per month
9946 NHZ @ 170 satoshis = 0.0169082 BTC or $5.69

@240 satoshis = 0.0238704 BTC or $ $8.03
@305 satoshis = 0.0303353 BTC or $10.21

             As you can see, the profitability rises significantly with even minor fluctuations in price. As the price decreases, the profitably has the inverse effect. This barrier deters people running nodes from dumping at a lower price, and at a loss. Likewise, as the price increases, it encourages them to hold, as if they continuously dump, they lose their profit very quickly.


          Currently 260,000,000 coins have been distributed from the 1,000,000,000. The following figures assume that 1m coins are distributed by the nodes every day for one year.

120,000,000: Development Bounty
365,000,000: Nodes
 12,000,000: Giveaways    (1,000,000 per month)
*Estimate 1000 users @ 100 NHZ per day = 36,500,000 : Website Faucet

Total over 1 year =  533,500,000 NHZ
+ 260,500,000 already distributed
= 794,000,000 NHZ   (79.4% distribution in one year)

Roughly 6.6% of the total supply is distributed per month. Using these numbers, you would be looking at a total distribution period of 15 months from today, October 4’th, 2014.

The formula is simple: 1,000,000 / # of nodes - This keeps the market healthy, and running nodes profitable so there is still incentive for people to run them and continue to grow the network.

[TheQuake]

I think that it's nice idea. I agree with this

[ndrog]

You have my vote 

[PPan]

Agreed

[CryptoClub]

       





We are looking for community feedback on this distribution model:





 Without a healthy and stable market, there will be no distribution. The concept of the distribution for ‘NHZ’ has always been ‘long and fair’; unfortunately that idea has been threatened as the reward system has not kept in line with the recent gains in price. We need to take action to ensure that the market remains healthy in the short term, to guarantee ‘NHZ’s longevity.

   Currently, at a reward of 666 per day, a single node returns 19,980 ‘NHZ’ per month. At the current price of 170 satoshi’s, this comes to 0.033966 BTC, or $11.44.  Assuming a node costs $5.00 per month from Digital Ocean, that is a 128% gain. This high profit margin has given rise to people running over 40 nodes and simply dumping, which is creating significant sell pressure and strain on the market. Currently running 3016 nodes is distributing 2,008,656 NHZ per day.

   I recommend that we switch to a fixed distribution method of 1,000,000 NHZ / day. Not only will this create a longer distribution period, it will stabilize the market while keeping the nodes all in profit.

1,000,000 / 3016 = 331.57 NHZ per node
331.57 x 30   = 9946 NHZ per month
9946 NHZ @ 170 satoshis = 0.0169082 BTC or $5.69

@240 satoshis = 0.0238704 BTC or $ $8.03
@305 satoshis = 0.0303353 BTC or $10.21

             As you can see, the profitability rises significantly with even minor fluctuations in price. As the price decreases, the profitably has the inverse effect. This barrier deters people running nodes from dumping at a lower price, and at a loss. Likewise, as the price increases, it encourages them to hold, as if they continuously dump, they lose their profit very quickly.


          Currently 260,000,000 coins have been distributed from the 1,000,000,000. The following figures assume that 1m coins are distributed by the nodes every day for one year.

120,000,000: Development Bounty
365,000,000: Nodes
 12,000,000: Giveaways    (1,000,000 per month)
*Estimate 1000 users @ 100 NHZ per day = 36,500,000 : Website Faucet

Total over 1 year =  533,500,000 NHZ
+ 260,500,000 already distributed
= 794,000,000 NHZ   (79.4% distribution in one year)

Roughly 6.6% of the total supply is distributed per month. Using these numbers, you would be looking at a total distribution period of 15 months from today, October 4’th, 2014.

The formula is simple: 1,000,000 / # of nodes - This keeps the market healthy, and running nodes profitable so there is still incentive for people to run them and continue to grow the network.

100% agree! This gives a nice long term goal that everyone can understand and will help support the price as it grows over time. Now, I am a large holder of NHZ so I am very biased for the price going MUCH higher, so obviously I totally agree with designing NHZ to do exactly that. (I am also an advisor and have discussed this plan they came up with, it is very solid) - NHZ looks like a great buy now!

[jasonhopper2412]

Nhz? Best Dev team in crypto in my opinion. This seems to be one of the most solid projects in crypto right now along with xc. I'm buying more in the dips and holding. This coin has nowhere to go but up and if I understand the goals of development correctly, NHZ very well may end up being a game changer. 200 satoshi is cheap for a coin of this caliber.

Yes in my opinion the node payments need lowered, and I'm saying that while running nodes myself. 666 is just a bad number and running nodes is TOO profitable right now. Creates tremendous selling pressure.

[*Sakura*]

       





We are looking for community feedback on this distribution model:





 Without a healthy and stable market, there will be no distribution. The concept of the distribution for ‘NHZ’ has always been ‘long and fair’; unfortunately that idea has been threatened as the reward system has not kept in line with the recent gains in price. We need to take action to ensure that the market remains healthy in the short term, to guarantee ‘NHZ’s longevity.

   Currently, at a reward of 666 per day, a single node returns 19,980 ‘NHZ’ per month. At the current price of 170 satoshi’s, this comes to 0.033966 BTC, or $11.44.  Assuming a node costs $5.00 per month from Digital Ocean, that is a 128% gain. This high profit margin has given rise to people running over 40 nodes and simply dumping, which is creating significant sell pressure and strain on the market. Currently running 3016 nodes is distributing 2,008,656 NHZ per day.

   I recommend that we switch to a fixed distribution method of 1,000,000 NHZ / day. Not only will this create a longer distribution period, it will stabilize the market while keeping the nodes all in profit.

1,000,000 / 3016 = 331.57 NHZ per node
331.57 x 30   = 9946 NHZ per month
9946 NHZ @ 170 satoshis = 0.0169082 BTC or $5.69

@240 satoshis = 0.0238704 BTC or $ $8.03
@305 satoshis = 0.0303353 BTC or $10.21

             As you can see, the profitability rises significantly with even minor fluctuations in price. As the price decreases, the profitably has the inverse effect. This barrier deters people running nodes from dumping at a lower price, and at a loss. Likewise, as the price increases, it encourages them to hold, as if they continuously dump, they lose their profit very quickly.


          Currently 260,000,000 coins have been distributed from the 1,000,000,000. The following figures assume that 1m coins are distributed by the nodes every day for one year.

120,000,000: Development Bounty
365,000,000: Nodes
 12,000,000: Giveaways    (1,000,000 per month)
*Estimate 1000 users @ 100 NHZ per day = 36,500,000 : Website Faucet

Total over 1 year =  533,500,000 NHZ
+ 260,500,000 already distributed
= 794,000,000 NHZ   (79.4% distribution in one year)

Roughly 6.6% of the total supply is distributed per month. Using these numbers, you would be looking at a total distribution period of 15 months from today, October 4’th, 2014.

The formula is simple: 1,000,000 / # of nodes - This keeps the market healthy, and running nodes profitable so there is still incentive for people to run them and continue to grow the network.

100% agree! This gives a nice long term goal that everyone can understand and will help support the price as it grows over time. Now, I am a large holder of NHZ so I am very biased for the price going MUCH higher, so obviously I totally agree with designing NHZ to do exactly that. (I am also an advisor and have discussed this plan they came up with, it is very solid) - NHZ looks like a great buy now!

Very competent and a good distribution model. This will help stabilize the market.

[DiCE1904]

       





We are looking for community feedback on this distribution model:





 Without a healthy and stable market, there will be no distribution. The concept of the distribution for ‘NHZ’ has always been ‘long and fair’; unfortunately that idea has been threatened as the reward system has not kept in line with the recent gains in price. We need to take action to ensure that the market remains healthy in the short term, to guarantee ‘NHZ’s longevity.

   Currently, at a reward of 666 per day, a single node returns 19,980 ‘NHZ’ per month. At the current price of 170 satoshi’s, this comes to 0.033966 BTC, or $11.44.  Assuming a node costs $5.00 per month from Digital Ocean, that is a 128% gain. This high profit margin has given rise to people running over 40 nodes and simply dumping, which is creating significant sell pressure and strain on the market. Currently running 3016 nodes is distributing 2,008,656 NHZ per day.

   I recommend that we switch to a fixed distribution method of 1,000,000 NHZ / day. Not only will this create a longer distribution period, it will stabilize the market while keeping the nodes all in profit.

1,000,000 / 3016 = 331.57 NHZ per node
331.57 x 30   = 9946 NHZ per month
9946 NHZ @ 170 satoshis = 0.0169082 BTC or $5.69

@240 satoshis = 0.0238704 BTC or $ $8.03
@305 satoshis = 0.0303353 BTC or $10.21

             As you can see, the profitability rises significantly with even minor fluctuations in price. As the price decreases, the profitably has the inverse effect. This barrier deters people running nodes from dumping at a lower price, and at a loss. Likewise, as the price increases, it encourages them to hold, as if they continuously dump, they lose their profit very quickly.


          Currently 260,000,000 coins have been distributed from the 1,000,000,000. The following figures assume that 1m coins are distributed by the nodes every day for one year.

120,000,000: Development Bounty
365,000,000: Nodes
 12,000,000: Giveaways    (1,000,000 per month)
*Estimate 1000 users @ 100 NHZ per day = 36,500,000 : Website Faucet

Total over 1 year =  533,500,000 NHZ
+ 260,500,000 already distributed
= 794,000,000 NHZ   (79.4% distribution in one year)

Roughly 6.6% of the total supply is distributed per month. Using these numbers, you would be looking at a total distribution period of 15 months from today, October 4’th, 2014.

The formula is simple: 1,000,000 / # of nodes - This keeps the market healthy, and running nodes profitable so there is still incentive for people to run them and continue to grow the network.

100% agree! This gives a nice long term goal that everyone can understand and will help support the price as it grows over time. Now, I am a large holder of NHZ so I am very biased for the price going MUCH higher, so obviously I totally agree with designing NHZ to do exactly that. (I am also an advisor and have discussed this plan they came up with, it is very solid) - NHZ looks like a great buy now!

I agree aswell, this sounds much healthier for the network

[kseistrup]

Nice idea, go for it.

[jadefalke]

looks good. go for it

[sakira]

it is coin good

i like it

[DeepCoin]

This is the fair one. Congratulations !

[zythos]

Seems like a very smart and fair solution:-).

[MemoryShock]

-thumbsup-

[rb3coins]

NHZ your proposed distributation paper is a very good model and think you should follow that and a very great start Team NHZ. Always thanks to all members,

Ran.

[Pizpie]

Thanks for the (positive) feedback, guys.
In the sense of 'fair' we will keep this discussion on the distribution model open for at least 24h.

I will have an announcement / update on everything we are working on TODAY.
Fort those wondering, I'm in the PST time zone.

[matthewh3]

About the feedback, as well as supporting VPS nodes on static IP's.  Maybe you could add an incentive for users to keep their full nodes/wallets open at home as well on their dynamic IP addresses.  Say 1NHZ for every hour of your wallet/node being open with it exponentially rising every extra hour your node/wallet stays open up to a maximum for full time nodes.  These full time nodes on dynamic IP addresses are helping to support the network too.  And you could argue even more so as they're a lot more decentralised  and distributed than 99% of the static nodes just on Digital Ocean servers.  Also yes I agree with extending the distribution time over a longer period.   IMHO the longer and more spread out the initial distribution the better by far.

[mrs_snow]

About the feedback, as well as supporting VPS nodes on static IP's.  Maybe you could add an incentive for users to keep their full nodes/wallets open at home as well on their dynamic IP addresses.  Say 1NHZ for every hour of your wallet/node being open with it exponentially rising every extra hour your node/wallet stays open up to a maximum for full time nodes.  These full time nodes on dynamic IP addresses are helping to support the network too.  And you could argue even more so as they're a lot more decentralised  and distributed than 99% of the static nodes just on Digital Ocean servers.  Also yes I agree with extending the distribution time over a longer period.   IMHO the longer and more spread out the initial distribution the better by far.

A dynamic IP is no problem, at least, if it do not change often. You will get node bounties also for dynamic IPs, it they online 24 hours at least.
Important: Use your dyndns name as IP address in the hallmark.

[matthewh3]

About the feedback, as well as supporting VPS nodes on static IP's.  Maybe you could add an incentive for users to keep their full nodes/wallets open at home as well on their dynamic IP addresses.  Say 1NHZ for every hour of your wallet/node being open with it exponentially rising every extra hour your node/wallet stays open up to a maximum for full time nodes.  These full time nodes on dynamic IP addresses are helping to support the network too.  And you could argue even more so as they're a lot more decentralised  and distributed than 99% of the static nodes just on Digital Ocean servers.  Also yes I agree with extending the distribution time over a longer period.   IMHO the longer and more spread out the initial distribution the better by far.

A dynamic IP is no problem, at least, if it do not change often. You will get node bounties also for dynamic IPs, it they online 24 hours at least.
Important: Use your dyndns name as IP address in the hallmark.

Thanks for that I've just set up - https://www.noip.com - as its still a free service.  Although not everyone can run a node 24/7/365 continuously, but maybe they could run a node for eight hours a day five days a week if encouraged to do so.