DyslexicZombei's Darkcoin Community MasterNode Svcs: CLOSED. Nodes 2 4 5 Refunds

[Ozziecoin]

FYI:

Had interesting issue today.  Did all the steps. Installed wallet.dat - created by my contact's Win8 machine using 9.4.11 wallet. Got incapable masternode. Checked balance - 1000 darks exists in one wallet address.  He tried creating another wallet.dat using 10.8.11.  Also incapable masternode.  He then switched to Win7 9.4.11 wallet. Also got incapable masternode.  Then I used a test wallet.dat that I created using my Win7 and 9.4.11 wallet and it WORKS!  Has anyone else experienced this?  Any ideas?

If you experience this - don't panic.  It could just be the wallet.dat file and the address within the wallet. If I find a solution, I'll post it. In the meantime, I suggest you download a fresh wallet and send darks to that fresh wallet. Then encrypt it before using the wallet.dat file.

[1715442808]

1715442808

[1715442808]

1715442808

[1715442808]

1715442808

[DyslexicZombei]

Super handy info. Glad you figured it out without too many issues.

 Thanks for the heads up mate!

[DyslexicZombei]

Sounds cool.  I wish ya'all luck!  Unfortunately you guys have way more DRK than I do...Only got 25DRK so that counts me out.  Cheers!

Thanks and sorry about that. Please keep an eye out for our batch 3 or feel free to sign up and to also remove yourself from a waiting list at any time.

 We might lower the minimum stake to 100DRK for Batch3 sometime in June, if there's enough interest for these lower barriers to entry.

[Somekindabitcoin]

When would I start to profit once my node is up? How much would I make per month per node? I'm interested in Batch 2.

Sorry I just don't know what this is, but it already sounds interesting because I could spend my money on a node instead of a bitcoin miner.

[Ozziecoin]

When would I start to profit once my node is up? How much would I make per month per node? I'm interested in Batch 2.

Sorry I just don't know what this is, but it already sounds interesting because I could spend my money on a node instead of a bitcoin miner.

Why setup a Masternode you ask?

Now, with the new 20% of block reward payment to MNs (starting from June 14th), below are the new estimated ROIs, (Masternode count on left and ROI on right):

374 = 56% p.a. (current Masternode count)
500 = 42% p.a.
750 = 28% p.a.
1000 = 21% p.a.
1500 = 14% p.a.
2000 = 10.5% p.a.

This is based on the price in Darks (or the USD/BTC at the time you buy the Darks to setup the Masternodes and assumes the price in USD/BTC does not change). You need 1000 Darks per Masternode.

Therefore, in time the system could level out to between 2000 and 4000 MNs for a 5 to 10% annual return.  However, this implies 2 to 4 Million darks, which is 50 to 93% of current coin supply.  This also implies the price of Darks are likely to rise, if people kept trying to setup MNs.

Get your MN setup and get regular income starting June 14.

[DyslexicZombei]

Ah, I didn't hear the latest on the dates of the payouts not starting until June 14.

Wow, we have a lot of time to get ready then and work out kinks.

Also, it turns out Redditor RyanArr had beaten Anon. Gent #7 as far as reservation time, so I had to shift this gentleman down one spot to be fair to all participants.

BTW, even if you change your mind later, please feel free to leave a "Reserved" message below as a dated placeholder. You can change your mind and remove yourself from the waiting list at any time if you're on the fence.

[Otoh]

Payment sent for my share of the first MN. 1 + 549 = 550 DRK.

Status: 0/unconfirmed, broadcast through 8 nodes
Date: 29/05/2014 14:09
To: DZ MN Fund XuFmZmR5x66gbyR4rKMNBj3wPXzdoybFZJ
Debit: -549.00 DRK
Transaction fee: -0.001 DRK
Net amount: -549.001 DRK
Transaction ID: cc9ab9795db1fae0eac4c31c50121c9babb4c7d80b393cf3d407cc81ff2c13c2

Payment of 1,000 DRK for the second MN to be sent nearer the June 14th payments launch date.

[DyslexicZombei]

Awesome, Thanks Otoh!

That completes funding for the first public community node and I confirm that I have received the 2nd payment for your 55% portion of our shared MasterNode, Node #1.
Funds were received and identified as TrxID: cc9ab9795db1fae0eac4c31c50121c9babb4c7d80b393cf3d407cc81ff2c13c2 from Otoh.

It looks like we're a go for the first DZ DRK MN later tonight.

[2dogs]

reserved

[DyslexicZombei]

reserved

Hey 2dogs. Noted and updated. Thanks!

That was nice talking to you over PM.

[pyre]

Reserved 250drk stake. PM sent.

[DyslexicZombei]

Noted.

Thank you!

News:

- Updated B2 Waiting List
- got word yesterday I get to lockdown a Linux prototype server at work with DISA STIGs. I laugh at those that say Linux is safe or secure by nature and that its better than windows out of box. If its so safe then why am I manually applying 500+ security remediations to get it certified?
- Unfortunately, because of this rush job that got dumped on me, I need to delay the first node launch to sunday or monday night. But when I do get to them B1/2 is all free set ups and network hardening.
- Corporate Antivirus/Firewall package ordered for first batches (1-2 business days)

[2dogs]

reserved

Hey 2dogs. Noted and updated. Thanks!

That was nice talking to you over PM.

 

[Kuttingcorners]

so if i invested 100 drk. then 30 would be for the start up fee and 70 would go to the master node. and i would receive a percentage based on the 70 and the 70 would also be there when we shut down?

[DyslexicZombei]

so if i invested 100 drk. then 30 would be for the start up fee and 70 would go to the master node. and i would receive a percentage based on the 70 and the 70 would also be there when we shut down?

Hi Kuttingcorners,

At this point  I'm only setting up these nodes with teams maxing out at four people (minimum 25% stakes each) to simplify ownerships and decision making. We may go to 10% ownership stakes in the near future but not quite yet.

I'm paying for Pro AV/FW/DDOS for the first two nodes in Batch 1 just to get started with this service and to gain experience with administrating DRK MNs.

Going forward: Batches 2 (CLOSED) & 3 (OPEN) -

1. Team pays for Pro Antivirus/Firewall/DDOS prior to setting up node OR pays me to buy and set this up for you (at normal retail prices). This protection suite can be pre-installed or I can install and configure this for you.

The Team is either pre-made or does matchmaking through this service. If you need help building a team, please add yourself to the waiting list and I will match you with the next available pool.

2. DRK funds pooled will go to ONLY towards meeting the 1000 DRK needing to be sent to a specific address which upon confirmation of receipt of funds, registers and qualifies your server as a Darkcoin MasterNode. These DRK funds can be returned in 3 days at any time minus a 1.5% Change Ownership Fee paid by the Original stake owner. A 3 days notice must be given first so that we can replace your stake in the node without having to take the MN offline. The New stake owner also pays a 1.5% Change Ownership Fee for access to an already working, secured DRK MN).

3. Either you give me remote admin access to a server already pre-configured with AV/FW/DDOS for MasterNode software installation (15 DRK) or I set up a server for you from scratch (30 DRK).

4. Setup includes post-installation security testing.

5. DRK MN is either handed over for immediate admin PW change(s) or the node is managed on a month to month basis at the following rates which are deducted from the bi-monthly payouts of accrued DRK:

- Batch 2: 1.5% Management Fee (CLOSED)
- Batch 3: 3% Management Fee

Example (not meant as a profit projection): Timmy puts up 25% of the DRK needed to run a Batch Three DZ DRK MN AND 25% of the agreed upon Server/AV/FW/DDOS subscription fees - either monthly or annually. Over the course of ~15 days, let's assume 30 DRK was accrued by the team's node for performing DRK MN services for the DRK network.

In this case, with a 25% stake, Timmy would be paid out one-fourth of this node's coins minus a 3% fee: 7.5 DRK minus a 3% Management Fee (7.5 * 0.97), or 7.275 DRK after about 15 days.

Hope this helps!

==

Don't forget: These nodes are set up and secured by a veteran Network Engineer with a background in InfoSec and network/system design, by someone who has handled 1-2K worth of community BTC for Bitcoin rig orders, and not just "some guy that's pretty good with computers" (possibly without a trust rating anywhere). No offense to talented amateurs but I regularly work with and design Windows & Linux systems and networks that must meet the world's most stringent Certification & Accreditation requirements to be allowed to operate in field tests.

My past and present IT client list includes 3 US National Labs, MIT, NASA JPL, the County of Kauai, the State of Hawaii, and every branch of the US military including the MDA (as can be seen in my "one of a kind" series of pics in my sig below which I originally shared as KauaiDKer on the SurferMag BB).

[DyslexicZombei]

Finished my nightmare weekend locking down a Linux server meant for Certification & Accreditation. Budget cuts meant I had to compress a few weeks of work in a few days with little notice <grumble grumble>.

At the very least, if someone is going to insist on running a 'net connected Linux server to run a DRK MN, I recommend they at least take a look at implementing all CAT I DISA STIGs for their particular flavor of Linux. I highly doubt that a fraction of the nodes out there utilize security best practices & I bet that only a handful could pass a DISA CAT I vulnerability scan if they can be reached.

I can speak from experience that to do this properly takes hours (or even days) to do this just for one machine, as there's no automated tools for doing this. Fortunately you can just image or clone what you need once you get a solid locked down configuration for additional similar servers.

Need to take a small break as my mind's a bit fried after working OT all weekend but I'm setting up the DRK MN server and protection suite today and installing/testing security. As there's no rush, I probably won't send the funds & implement the MN functions till Wednesday or Thursday night as I'll be on work travel to one of our sister labs all day tomorrow and the extra time gives me additional time to lock it down tight prior to starting node functions.

- One more thing: no promises but there's a possibility that some Batch 3 signups may make it into Batch 2 if any Batch 2 participants decide to remove themselves from the list, so please feel free to Reserve a spot below.

If a Batch 3 sign up is fortunate to make it into Batch 2, setup fees are free and management fees are only 1.5%.

[slapper]

Have you posted a link to this thread in the main DRK thread? This is fantastic.

[DyslexicZombei]

Have you posted a link to this thread in the main DRK thread? This is fantastic.

Thanks, I did a couple posts on Reddit last week but it's due for a refresh there. Batches 1 and 2 are already closed and several people signed up on Reddit.

I meant to post this on the main DRK forum but I couldn't recall my PW and the PW reset function wasn't working for me when I had a few minutes to try to add it to the forum this weekend. Might've been a browser error, didn't have time to dig into it.

If you have a forum account over there, please feel free to post a link, as any nodes where I'm involved with the setup somehow will involve previously vetted Network Engineers or Administrators, and I hope to add legitimacy and some minimum security standards for those looking to either provide or receive services related to Darkcoin MasterNodes.

I'm also giving 10% DRK Referral Fees for 2 months of Management Fees to veteran forum members here (Activity +25) who refer someone else that signs up for this service.

They would get 10% of Management Fees earned per referral for 2 months (4 payments total). If the new user found out about this service from another person, then the new user signing up for services MUST mention the referring person's username for the referring person to receive this credit.

[DyslexicZombei]

Great news everyone! I finished my market assessment and have a close estimate of monthly operating costs for DRK MN stake owners if you choose to have me handle your Hosting/AV/FW/DDOS protection for you. I updated the OP with this new info.

For our MasterNodes, we're setting them up with both configured built-in OS tools (such as OS Firewalls) + Professional Software Suites for Hosting/AV/FW/DDOS protection. These servers will be zero day protected and although they don't require it, will meet NIST, FIPAA, SAS 70, PCI DSS 2.0, and a bunch of other regulatory requirements.

The estimated price per 25% stake owner Team per node for this pro level AV/FW/DDOS protection is only $8.50-$10 $12 per month!
 
It should only cost a team or a person $12 a month in hosting costs + subscription fees to get a top notch, comprehensive security suite with hosting and DDOS if they have me handle their security suite requisition decisions, so I'm not asking anyone to break the bank to get pro level protection.

These fees can be paid either straight to the manufacturer prior to setting up a MasterNode paid by a Team Leader who has a Credit Card on record with them, or you can pay me at regular retail and I purchase and install it for you (must pay for 3 months of subscriptions minimum if you're having me set up your Node). Either way: I'm NOT setting up any MasterNodes unless AV/FW/DDOS protection is in place or I have access to the license to install this protection before proceeding.

[Sidebar Note: If 1 person, say a Team Leader buys this Pro level service for the rest of the team just to get the node started for me to work on, the other team members would need to pay that Team Leader for their share of Pro AV/FW/DDOS protection and re-payments would be negotiated amongst the Team.]

==

Opinions matter at this early stage. As a community, we need to set a high standard for security so that Darkcoin MasterNode Administrators aren't stereotyped as simple rubes who can't keep control of the equivalent of thousands of dollars worth of DRK. These high standards aren't being enforced at this time, but that doesn't mean that Administrators cannot follow best practices or expend the resources necessary to get adequate protection. I offer a base package that uses Highest Quality Vendors with some of the best protection that money offers while getting similar protection to what many Fortune 500 companies and the DoD use.

After canceling my previous protection suite for my first batch of nodes because I found a better fit that also costs less so...the savings get passed on directly to you!

[DyslexicZombei]

The first community owned DZ DRK MN is partially set up! Lots more to do but at least I've gotten started. For anyone doing an Ubuntu install: get used to doing a lot of vi text editing (only a fellow nerd would understand).  

Thank you Otoh for being the first and fastest to believe in this concept.  

I figure I'll let this server simmer and take my time locking it down. There shouldn't be any network traffic on it when I get back from my 1 day business trip or I'll have more work to do. Otoh's funds and my own are ready for start up which should be Wed. or Thurs. night. 2 things I'm adding to help out and to simplify things:

- You can now opt for "Pay-as-you-go" protection for pro level Hosting/AV/FW/DDOS protection at only $1.50 per monthly payout (2) per 25% stake for only $3 per month! This simplifies things for team setups, requisition, billing, team members having to pay one another...

- Until June 8, I'll reduce my DRK MN Server Setup Fees to 50% to 15 DRK for those that sign up for Batch 3 before June 8 (6/8/2014) to help out those that set up MNs before payments go live on the 14th.