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Author Topic: DZ's Darkcoin MasterNode Services for Full Node Owners: Min. 1K DRK. Batch2 OPEN  (Read 3231 times)
DyslexicZombei (OP)
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June 19, 2014, 05:59:16 PM
Last edit: June 20, 2014, 10:16:47 PM by DyslexicZombei
 #1

DyslexicZombei's MasterNode Services for Full Node Owners

===============================================================================================

This thread is the Full Node offshoot of the related Community Node thread. 1000 DRK minimum is required for these full node setups. If you have less than 1000 DRK but would still like to participate in a node please keep an eye out in the near future for Batch 4 Community owned MasterNodes. Partial Nodes consist of 10-25% stakes at 100-250 DRK (temporarily closed to new reservations):

https://bitcointalk.org/index.php?topic=626715.0

Five community nodes fully consisting of partial stakes will be launching with RC3. If you're interested in a full node, unless you already contacted me previously about this, only Batch 2 Full Node Reservations are currently open, as community response has been overwhelming for setup and management of Full Nodes by a forum vetted veteran IT Network Engineer.


FULL NODE RESERVATIONS

Batch 1 - Sold Out
Batch 2 - For a limited time: FREE SETUP by a veteran IT Network Engineer & DoD certified InfoSec Specialist. Taking reservations ONLY at this time (no firm ETA however)

Please state RESERVED below to reserve your spot in my Batch 2 Full Node Setup Queue or you can send me a PM if you wish to remain anonymous.
It's first come, first served and Batch 1 of Full Nodes needs to clear entirely before Batch 2 launches.

This thread is also to share information about how clients can prep encrypted Full Node Darkcoin Wallets.

===============================================================================================

Q: What's a Darkcoin MasterNode?
A: From the Wiki: "Masternodes are network nodes, owned by the users of Darkcoin network. They perform the coin mixing service of DarkSend which anonymizes transactions. Users get rewarded with 20% of the mining output per block (without actually performing any mining themselves) through a "voting mechanism".

Masternodes require 1000 DRK to be set up as a negative incentive that disallows one party running or controlling too many of them.

In the future Masternodes, or the Masternode-payment system, could possibly be utilized for providing other kind of services, like blockchain hosting for thin-client functionality.

The masternode payment protocol will be implemented on the main Darkcoin network on May 24th June 20th, as Release Candidate status. For the time being over 100 masternodes operate on the Darkcoin network, however they are not receiving any payments
."

Q: What's different about Full Nodes vs. Partial Nodes?
A: Full nodes have their 1000DRK wallet files controlled by the 100% stake owner. Thanks to RC3: I, the Network Engineer setting up your node, will not have access to the coins directly nor will I know your long, complex passphrase you use to encrypt your wallet(s). This tremendously reduces the risk to the full node owners stake funds by having the coins in controlled cold storage while still receiving the benefits of being a node operator.

Q: How does someone get started?
A: I'll contact you in the order you contacted me whether it's here, Reddit or on Darkcoin Talk. The placing in the Batch 1 Q is dependent upon the date/time you agreed to have me set up your Batch 1 Full Node.

You'll need to get or have your encrypted wallet file ready for me to associate it with your particular node. If you can have this done ahead of time, this will cut down setup time tremendously.

Q: What makes you qualified to run this service?
A: I'm a veteran Network Engineer who has worked at R&D labs, including a National Lab, for over 10 years. I'm comfortable both designing and working with new technology. In the last decade I have worked with tech products with TRL levels of 1-8 and I design custom, secure servers and/or networks for prototype systems for products with TRLs in the 3-7 range.

I've been an online electronics reseller taking advantage of arbitrage opportunities since 2003 with my wife on eBay: rainbowlady03. My first miners sold were 3 Jallys on eBay. I co-founded a large democratic Bitcoin Miners cooperative on the Group Buys forum and ordered 100TH+ of hashrate for community miners since last year (the only main issues are late or non-delivery/refund from HashFast and Bitmine). Since I've been active in the cryptoeconomy I do my best to defend my fellow miners and always have: https://bitcointalk.org/index.php?topic=552830.0

You can also see how transparent I attempt to be with the requisition of these volume priced miners. Because you never know when a company like HashFast is going to call you a liar on their Twitter feed.  Roll Eyes
DyslexicZombei (OP)
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June 19, 2014, 06:11:39 PM
Last edit: June 20, 2014, 07:59:18 PM by DyslexicZombei
 #2

Q: What are the benefits of owning a MasterNode?
A: If you're unfamiliar with them, one awesome difference is the Proof of Stake algorithms being implemented in the coin's ecosystem. If you think about it: as long as ownership/management is kosher (or you're doing it yourself), partial and full node ownerships are great places to store DRK in cold storage you weren't going to spend anyway and then you get to earn interest on them. You can also remove the coins whenever you want so this 1000DRK is not a "sunk cost."

At this point the two main competing minting/reward systems for cryptocoins are PoW and PoS. Darkcoin essentially combines the best of both worlds and becomes both a Proof of Work and a Proof of Stake coin tomorrow: Work is represented by mining, like in the BTC realm. Earnings from Proof of Stake are offered via Masternodes, like forging in the NXT realm. Masternode owners receive 20%

Q: How does a Darkcoin Masternode compare to a Bitcoin or Scrypt miner?
A: Mining rigs have a short half life compared to other electronics. They consistently lose double digit percentages every month in both earning power and resale value. MasterNodes on the other hand, tend to rise in value and requires no exotic ASICs which will be obsolete in 6 months. They only require real or virtual servers, power, network connectivity, administration and security.

Also your stake can be removed at any time, and your access to your 1000DRK restored at any time, at loss of future node rewards. To earn coins in Darkcoin's ecosystem as a node owner, compared to a mining rig you don't have to permanently sink a large sum of money on a rapidly depreciating asset with depreciating earning power as time goes on, as we see with Bitcoin or Scrypt miners.

Q: How is setup handled/funded?
A: If you're only going to own one or two nodes I'll front the setup costs for you, like I'm doing for the Community Nodes in the related thread. If you're looking at setting up 3 or more nodes, please contact me to arrange this as we will need you to setup an account at a cloud provider AND authorize me to have access to this account for setup/administration purposes.

Q: How do I know what kind of server(s) to reserve if I'm doing 3 or more nodes?
A: Please contact me with your requirements to help you best decide. If you're running multiple nodes, you're obviously going to need a beefier server or even multiple servers. I will give you some options for you to decide about how to proceed.

Q: If I'm talking to a server provider about specs what should I tell them?
A: Just make sure to tell them that you need to have at least one CPU core or one vCPU per node you would like to have run. You'll also require at least 700MB of RAM per instance and one static IP per node. You can give them my email address to contact me to start the co-authorization process at: surfskatekauai@gmail.com

If you have a question not covered here or in the Partial Node thread please send me a PM or pose your question below if it's non-sensitive. If you have new information for the community about the implementation of cold storage, please leave that below too. Mahalo!
DRKsi
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June 19, 2014, 06:42:14 PM
 #3

Hi DZ
have you been receiving my pers. emails?
I've sent 3 or 4 emails to your pers. email address the last few days.
I've had one reply from you only, so now wondering if you are getting my emails?
In one, I outlined my position regarding MN 100% ownership and quantity I'm interested in.
Please reply to my pers. email address.
Regards
DRKsi
DyslexicZombei (OP)
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June 19, 2014, 06:45:50 PM
 #4

Hi DZ
have you been receiving my pers. emails?
I've sent 3 or 4 emails to your pers. email address the last few days.
I've had one reply from you only, so now wondering if you are getting my emails?
In one, I outlined my position regarding MN 100% ownership and quantity I'm interested in.
Please reply to my pers. email address.
Regards
DRKsi


Sorry, just had my nose to the grindstone on 2 jobs. I missed the quantity and will check later this evening.

No worries though, thanks to Reddit you are the 2nd one in the Batch 1 Full Node Q behind Otoh's 2nd node (he's going to fully own the 2nd one). If you're ordering 3 or more nodes, you'll need to make some arrangement with a Cloud Provider such as Amazon, OVH, Dreamhost, & Digital Ocean, for example, and you'll need to allow me co-access to the account for admin and setup purposes.

Need to head to work work now. BBL Grin
DRKsi
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June 19, 2014, 07:15:51 PM
 #5

Please check my pers. email: Date: 2014-06-14 10:47:50
Subject: New Contact details: ( Then new contact name )
Full extent of my interest is outlined in that email.
Please reply to that email address. Thank you.
Regards
DyslexicZombei (OP)
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June 19, 2014, 09:38:59 PM
 #6

Please check my pers. email: Date: 2014-06-14 10:47:50
Subject: New Contact details: ( Then new contact name )
Full extent of my interest is outlined in that email.
Please reply to that email address. Thank you.
Regards


Will do DRKsi, thanks for the heads up.

Getting contacted over multiple channels but this the primary sub forum to centralize discussion about full and partial MNs I've been contacted to set up for others.
roede94105
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June 19, 2014, 11:03:44 PM
 #7

Hey DZ, R2A from reddit,

Am I on that list for batch 1? (I REALLY hope so Smiley )

Also, I don't know if it's related to the infos you need but chaeplin just posted this :

" guide added. Making a wallet for Masternode setup using dumpprivkey and importprivkey.
https://www.darkcointalk.org/threads/making-a-wallet-for-masternode-setup-using-dumpprivkey-and-importprivkey.1426/"

Good night sir (time to sleep in France) !
MasterMined710
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June 19, 2014, 11:12:26 PM
 #8

RESERVED
1 mn
 Grin

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DyslexicZombei (OP)
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June 20, 2014, 04:48:57 AM
 #9

Hey DZ, R2A from reddit,

Am I on that list for batch 1? (I REALLY hope so Smiley )

Also, I don't know if it's related to the infos you need but chaeplin just posted this :

" guide added. Making a wallet for Masternode setup using dumpprivkey and importprivkey.
https://www.darkcointalk.org/threads/making-a-wallet-for-masternode-setup-using-dumpprivkey-and-importprivkey.1426/"

Good night sir (time to sleep in France) !

Yes, you are. Smiley

You're in Batch 1 but Batch 1 is large. If you can prep your wallet file as per the instructions that'll help when I get to your place in the Q.

Thanks for the info and good night!
DyslexicZombei (OP)
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June 20, 2014, 04:49:34 AM
 #10

RESERVED
1 mn
 Grin

Roger that. Thank you and Welcome Aboard!

You're the first person on the Batch 2 Waiting List.  Grin
DyslexicZombei (OP)
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June 20, 2014, 04:51:02 AM
 #11

Please check my pers. email: Date: 2014-06-14 10:47:50
Subject: New Contact details: ( Then new contact name )
Full extent of my interest is outlined in that email.
Please reply to that email address. Thank you.
Regards


I saw your email but I didn't see a quantity for the number of nodes. Please feel free to send me a PM with the number of nodes you were interested in if you were interested in more than one.
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June 20, 2014, 06:40:11 AM
Last edit: June 20, 2014, 07:06:38 AM by ag8
 #12

Have just re-sent my 'number of nodes' email to your personal email address.
Did you receive ok?
roede94105
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June 20, 2014, 08:44:41 AM
Last edit: June 20, 2014, 11:15:38 AM by roede94105
 #13

Hey DZ, R2A from reddit,

Am I on that list for batch 1? (I REALLY hope so Smiley )

Also, I don't know if it's related to the infos you need but chaeplin just posted this :

" guide added. Making a wallet for Masternode setup using dumpprivkey and importprivkey.
https://www.darkcointalk.org/threads/making-a-wallet-for-masternode-setup-using-dumpprivkey-and-importprivkey.1426/"

Good night sir (time to sleep in France) !

Yes, you are. Smiley

You're in Batch 1 but Batch 1 is large. If you can prep your wallet file as per the instructions that'll help when I get to your place in the Q.

Thanks for the info and good night!

Great! Alright I'll prep my file! Smiley

EDIT: Encrypted wallet.dat file with 1000 Darkcoins ready!

I'll wait for my time on the list now  Smiley

EDIT 2 : this might help https://darkcointalk.org/threads/drk-guide-rc3-masternode-windows-local-linux-remote-vultr.1367/
DyslexicZombei (OP)
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June 20, 2014, 07:48:30 PM
Last edit: June 20, 2014, 10:17:44 PM by DyslexicZombei
 #14

Looks like we're seeing forking in the network and payments are still disabled:

https://bitcointalk.org/index.php?topic=421615.msg7421501#msg7421501

I thought the network wasn't behaving correctly due to behavior I was seeing and I was correct, unfortunately. I'm unsure it was related but I was literally 99.9% finished with our first 4 community nodes last night (entered the very last command) when the setup process completely stalled on this critical last step for nodes 2-4.

We're all in wait and see mode, at the moment. I did pre-fund 40 servers last night for a month in preparation of those that had 1-2 full nodes to set up.
roede94105
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June 20, 2014, 11:54:29 PM
 #15

Looks like we're seeing forking in the network and payments are still disabled:

https://bitcointalk.org/index.php?topic=421615.msg7421501#msg7421501

I thought the network wasn't behaving correctly due to behavior I was seeing and I was correct, unfortunately. I'm unsure it was related but I was literally 99.9% finished with our first 4 community nodes last night (entered the very last command) when the setup process completely stalled on this critical last step for nodes 2-4.

We're all in wait and see mode, at the moment. I did pre-fund 40 servers last night for a month in preparation of those that had 1-2 full nodes to set up.

wait and see then! I'm patient :p
DyslexicZombei (OP)
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June 21, 2014, 09:06:39 AM
 #16

The Post Mortem is they're estimating a 2-3 week delay in Node Payments:

https://darkcointalk.org/threads/6-20-rc3-post-mortem.1463/

Evan also has programming reinforcements so that should help as well.

Taking a break this evening as our date for node payments has been pushed back. I'll catch up on PMs tomorrow if you sent me a PM. Thanks.
roede94105
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June 26, 2014, 08:24:08 AM
Last edit: June 28, 2014, 01:56:22 PM by roede94105
 #17

The Post Mortem is they're estimating a 2-3 week delay in Node Payments:

https://darkcointalk.org/threads/6-20-rc3-post-mortem.1463/

Evan also has programming reinforcements so that should help as well.

Taking a break this evening as our date for node payments has been pushed back. I'll catch up on PMs tomorrow if you sent me a PM. Thanks.

Hey! Payments are now open! Any ETA for the setups?  Grin

EDIT: I am sorry, but I already setup my MN, you can withdraw me from the list.

Thanks and good luck!
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June 29, 2014, 03:49:12 AM
 #18

will i get into batch 1 now that roede94105 is out? i was the first person on batch 2. i think i saw that's how it worked on the other thread.  pretty please Grin

any eta on batch 1?

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DyslexicZombei (OP)
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June 29, 2014, 04:28:52 AM
 #19

Thank you for your patience.

Batch 1 is underway for full nodes but it is a large batch, so I still don't have an ETA.

Batch 1 for partial nodes (community owned) is complete but I have a bit more troubleshooting to do with partial node #1 which was unfortunately set up with the RC 2 hot wallet method, which is currently giving me issues.

The steps for handling multiple cold wallets on one PC are still being worked out, and it's more of a workaround then a proper solution. Here's a couple of threads discussing this.

http://www.reddit.com/r/DRKCoin/comments/294j3e/hi_how_can_i_have_multiple_wallets_for/

In preparation for full node owners, I expanded on this to discuss how someone with several nodes could provide me the info we need to get your full node started:

http://www.reddit.com/r/DRKCoin/comments/29ci8b/if_im_helping_someone_else_setup_a_masternode/

My method presumes that you'll save and backup a local configuration file first on your hard drive, and *then* on a USB drive so you're protected against one of the wallet.dat files going corrupt, and losing access to both your 1000DRK and your ability to generate DRK from that masternode.
DyslexicZombei (OP)
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June 29, 2014, 04:30:42 AM
 #20

The Post Mortem is they're estimating a 2-3 week delay in Node Payments:

https://darkcointalk.org/threads/6-20-rc3-post-mortem.1463/

Evan also has programming reinforcements so that should help as well.

Taking a break this evening as our date for node payments has been pushed back. I'll catch up on PMs tomorrow if you sent me a PM. Thanks.

Hey! Payments are now open! Any ETA for the setups?  Grin

EDIT: I am sorry, but I already setup my MN, you can withdraw me from the list.

Thanks and good luck!

No need to be sorry. Congrats and thanks for letting me know.
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