[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes

[NoobKidOnTheBlock]

Hmm, attention building again it seems, lots of new faces popping up in here. Moving my sells up.

The more the merrier 

I agree that the more the merrier folks SPREAD the love We need a strong community behind this coin to also help get it off the ground

[IBGigglin]

Such a healthy market.

Forget selling. Moving all coins off exchange after work.

[SpreadLight]

Do we know when is the SPR masternode implementation and what will be the ROI? I want to invest more but obviously first I need to know what the ROI will be.

Currently the darkcoin masternodes get paid ~0.7 drk each day. But that's with 1100 masternodes. Anyway with the cheapest vps from www.bitcoincloud.eu which is ~0.03 btc you can make ~0.03 btc profit each month. According to my calculations. Feel free to correct me.

With spreadcoin i'm sure we'll be making much more in the first few months.

Darkcoin is has around 1650 masternodes!

The reward is 0.60DRK per day.

I'm a masternode operator, and i have never been ddos'ed.
As far as I'm aware its one for one, so one MN = one instance.

1000SPR = $5 instance cost (VULTR).

500 SPR masternodes at 50% block reward = 5000 SPR distributed among MN owners per day.
5000 % 500 = 10SPR per MN per day.
Say the price of SPR is x2 @ 0.00075, thats 0.0075/$2 a day per masternode.

Can someone please confirm how many spreadcoins will be required to set up a masternode? Same as Darkcoin or more/less?

[Corsa1r]

Such a healthy market.

Forget selling. Moving all coins off exchange after work.

Easy to make profit by trading now, but it will suck if you miss the train XD

[a-russo]

Are there any "calculation" how many coins/per day/per MH ?
I wonder if its too late to start solo mining - how many cards is the minimum in order to hit a block in your opinion?

Use the calculator provided by SpreadCoinBot on IRC channel #spreadcoin on Freenode.

[shojayxt]

https://bitcointalk.org/index.php?topic=916787.0

Any takers here?
No joke. I've had it with my 950 kh/s crap-miner.

JL

Just doing a quick guestimate here so don't hold me to this as 100% accurate.

But why would some one do that when they will make about 3 times that? That figure was just with your 200 Mh/s in the thread.

You make a good point. Anyways, the AMD miner could use some work, it looks like.

Is it possible that some one is mining with improved GPU miner? say 2X or 3X speed as the miner on the op

Dunno yet. Haven't messed with it. Seems to have room for improvement, though, so I have very little doubt someone is mining with a faster miner.

Yeah it's almost guaranteed.

[LiteMine]

I never said that and there is no way of knowing that

Exactly.

Anyways - testnet nodes? I can't sync.

are you going to develop a faster GPU miner ? 

I plan on looking into it.

Thank you.  Most of us understand the importance of having the best code available to the masses.

I'll contribute a 1000 SPR bounty towards the improved code.  Hopefully others will too.

I'll add 300 SPR to this bounty

[hashcash]

Was there ever any tentative scheduling for masternode release from Mr. Spread?  I'm pretty sure the implementation is no walk in the park, but trying to get the word out with all the nefarious activities surrounding cryptos in general is becoming more difficult. 

[defunctec]

Was there ever any tentative scheduling for masternode release from Mr. Spread?  I'm pretty sure the implementation is no walk in the park, but trying to get the word out with all the nefarious activities surrounding cryptos in general is becoming more difficult. 

Mr Spread said

I have optimized synchronization code, next version will sync much faster.

DarkCoin code is pretty complicated, sometimes for no reason (if you are interested I can point you to examples). I want to make simpler and cleaner implementation which is easier to understand and easier to done right. I will prioritize instant transactions over anonymity since they are simpler to implement and I think they are useful for more people than DarkSend.
After new year I will have hell of a lot of free time, so I hope in the second half of January we will have some code for public testing, maybe sooner.

Instantx needs masternodes to work, so id give it a month or so before we see masternodes (being conservative).

[Jesse Livermore]

Besides Dark, do any other Cryptos have masternodes ala Dark?

[LiteMine]

Was there ever any tentative scheduling for masternode release from Mr. Spread?  I'm pretty sure the implementation is no walk in the park, but trying to get the word out with all the nefarious activities surrounding cryptos in general is becoming more difficult. 

Mr Spread said

I have optimized synchronization code, next version will sync much faster.

DarkCoin code is pretty complicated, sometimes for no reason (if you are interested I can point you to examples). I want to make simpler and cleaner implementation which is easier to understand and easier to done right. I will prioritize instant transactions over anonymity since they are simpler to implement and I think they are useful for more people than DarkSend.
After new year I will have hell of a lot of free time, so I hope in the second half of January we will have some code for public testing, maybe sooner.

Instantx needs masternodes to work, so id give it a month or so before we see masternodes (being conservative).

Or longer, since it appears they are focusing on smoothing out Darksend for this next version. I didn't realize he was waiting for instant transactions. Gives us time to accumulate

When will instant dark transactions be release?   

Not in the forthcoming release so it will probably be a couple of months at a guess.

I think the decision was made to refine and perfect the basics of darksend before going all Spaceballs on it.

[MyFarm]

Besides Dark, do any other Cryptos have masternodes ala Dark?

None that I am aware of.  Thing is, most new cryptos are scams; they're not coins the devs are trying to make into something.  Masternodes require a strong, dedicated community which scamcoins could care less about.

[thelonecrouton]

Or longer, since it appears they are focusing on smoothing out Darksend for this next version. I didn't realize he was waiting for instant transactions.

I don't think Mr Spread is necessarily waiting for the Darkcoin team to implement InstantX before he does it himself...

[hashcash]

Was there ever any tentative scheduling for masternode release from Mr. Spread?  I'm pretty sure the implementation is no walk in the park, but trying to get the word out with all the nefarious activities surrounding cryptos in general is becoming more difficult. 

Mr Spread said

I have optimized synchronization code, next version will sync much faster.

DarkCoin code is pretty complicated, sometimes for no reason (if you are interested I can point you to examples). I want to make simpler and cleaner implementation which is easier to understand and easier to done right. I will prioritize instant transactions over anonymity since they are simpler to implement and I think they are useful for more people than DarkSend.
After new year I will have hell of a lot of free time, so I hope in the second half of January we will have some code for public testing, maybe sooner.

Instantx needs masternodes to work, so id give it a month or so before we see masternodes (being conservative).

Or longer, since it appears they are focusing on smoothing out Darksend for this next version. I didn't realize he was waiting for instant transactions. Gives us time to accumulate

When will instant dark transactions be release?   

Not in the forthcoming release so it will probably be a couple of months at a guess.

I think the decision was made to refine and perfect the basics of darksend before going all Spaceballs on it.

Got it! Thanks guys

[NoobKidOnTheBlock]

Besides Dark, do any other Cryptos have masternodes ala Dark?

None that I am aware of.  Thing is, most new cryptos are scams; they're not coins the devs are trying to make into something.  Masternodes require a strong, dedicated community which scamcoins could care less about.

Yep more than enough scam coins out there nowadays which is why I'm glad that Mr. Spread is working on this coin and that the community is growing and getting stronger day by day That's all we can really ask for nowadays in this world of shitcoins and scams

[georgem]

Or longer, since it appears they are focusing on smoothing out Darksend for this next version. I didn't realize he was waiting for instant transactions.

I don't think Mr Spread is necessarily waiting for the Darkcoin team to implement InstantX before he does it himself...

Exactly. I wonder what else Mr.Spread has got up his sleeve.
Some surprises ahead of us.

[IBGigglin]

Such a healthy market.

Forget selling. Moving all coins off exchange after work.

Easy to make profit by trading now, but it will suck if you miss the train XD

Ive learned to hold my high potential investments.

Sold XC coin 8 months ago for a 2 btc profit and the 3 days later I would have had more than 40 btc profit.

Plus I had to pay for a new bathroom door after I beat it to the ground. 

[e1ghtSpace]

Mr. Spread, if you're there could you please confirm the percentage of block reward going towards masternodes? Thanks.

[NoobKidOnTheBlock]

Such a healthy market.

Forget selling. Moving all coins off exchange after work.

Easy to make profit by trading now, but it will suck if you miss the train XD

Ive learned to hold my high potential investments.

Sold XC coin 8 months ago for a 2 btc profit and the 3 days later I would have had more than 40 btc profit.

Plus I had to pay for a new bathroom door after I beat it to the ground. 

I hear you there man I did the same thing with my Stealthcoin and sold when it was going down and then when I came back to trading it was over 10k a coin and I would've made 20 BTC but instead took a 50% loss on being impatient and selling the coin because of a little bit of FUD so now I only hold potential good investments like this coin I strongly believe that this coin will be "THE" coin everyone is talking about for 2015

[Corsa1r]

Such a healthy market.

Forget selling. Moving all coins off exchange after work.

Easy to make profit by trading now, but it will suck if you miss the train XD

Ive learned to hold my high potential investments.

Sold XC coin 8 months ago for a 2 btc profit and the 3 days later I would have had more than 40 btc profit.

Plus I had to pay for a new bathroom door after I beat it to the ground. 

ouch, thats what i meant with missing the train. So far I have been lucky with my noob trading but its just a matter of time until I screw up, otherwise everybody would do it. But I enjoy the rush, and my bathroom door needs repainting anyways