[ANN] MonetaryUnit [MUE] - POS. MasterNodes. Funding. Governance. Services. Devs

[bizzyb]

Will there be automatic SWAP on exchanges or do we have to sned this coins also into SWAP?

What will likely happen is we'll open the coin swap system while both the MUE-quark and the MUE-x11 networks are both live and maintained by hash.
People then have the opportunity to send to our coin swap system (URL to be announced later) to swap their MUE -quark to MUE-x11 and withdraw to their MUE-x11 wallets.
The MUE-x11 block reward will probably be zero for a week or two during the transition.
We'll ask the exchanges to pause trading, then ask them to update their wallets.
Then trading will be reopened once the exchanges have updated their wallets.
The coin swap opportunity will be open for a while but we will only accept coins generated before block "n" (hopefully 1750000).

I think that makes sense, happy to hear feedback and suggestions from any and all.

The swapping system sounds like a good idea, but is this something that can be integrated in a future wallet down the road? I'm just thinking that many users who are not following this thread risk missing the announcement and try sending their old MUE-quark on the new MUE-X11 blockchain and they lose their coins. I'm all for the transition and think from a logistical perspective that this is probably the best approach. Close down all trading and try to get as much of the older assets over to the new chain before opening up business again.

In order to do this though, what will happen to the PoW on the MUE-quark chain while the transition happens, or after the transition? Mining still needs to be done to build on the blockchain, but once the algo has been changed, is it still possible to move coins if there is no valid PoW? Won't the blocks all be on a forked chain and be invalid? Maybe an option to import a MUE-quark private key onto the new MUE-X11 chain? Maybe I am overthinking the matter - it wouldn't be the first time

If everyone moves prior to block 1.750.000 I guess everything is OK, but for latecomers, it's a no go?

Both chains will need to be maintained during the migration.
The block number isn't set in stone yet and we'll offer the coin swap for months but the automated version will be offered for a few weeks probably.
Trading shouldn't be affected for very long really as the exchanges will tell us how much MUE-x11 they need, we'll send it and job done.
It's the off exchange MUE that requires more work, but should be painless.

Hopefully the coin swap is something we won't need to do again for a very long time, if at all!

[1714842370]

1714842370

[1714842370]

1714842370

[110110101]

....

And I think the logo below is simple and effective and bold.

Looks great! I like the cleaner approach!

[portdavenport]

The new MonetaryUnit ("MUE" | http://www.monetaryunit.org) logo looks good!

Re: [ANN] MonetaryUnit [MUE]: Blockchain Download Files Up to Block 1710757 (106 weeks, since July 2014)

As promised, I've downloaded all 106 weeks of blocks for the MUE blockchain up to block no. 1710757, using the MonetaryUnit Core version v1.0.10.8 Windows 64-Bit MUE Wallet. Took me about 2-days part-time to complete.

FILE (GOOGLE DRIVE), LINK: https://drive.google.com/open?id=0BxwDwwsK5CkEd2VONm15bDFncUk

GOOLE DRIVE DESCRIPTION
MonetaryUnit Core version v1.0.10.8 Windows 64-Bit Blockchain up to Block 1710757. Archive does not include a peers.dat or wallet.dat which will be generated for other users when they continue to sync MUE (monetaryunit.org)

FILE INFORMATION
Filename: "3_Public-MUE-Chain-Block1710757.zip"
Type: Compressed Archive (*.zip)
Size: 882 MB (924,627,768 bytes)
Created: 11:55 with Google Drive

HOW TO INSTALL

1. Install your Wallet Client for MonetaryUnit on Mac, Linux or Windows 32/64-Bit
2. Copy the contents of the *.zip archive supplied into one of the respective operating system locations:

Windows Vista/7/8/8.1 MonetaryUnit Blockchain Location

C:\Users\{user}\AppData\Roaming\MonetaryUnit

Folder: \blocks
Folder: \chainstate
File: .lock
File: db.log
File: debug.log
File: fee_estimates.dat


Mac OSX MonetaryUnit Blockchain Location

~/Library/Application Support/MonetaryUnit

Folder: \blocks
Folder: \chainstate
File: .lock
File: db.log
File: debug.log
File: fee_estimates.dat


Linux MonetaryUnit Blockchain Location

/home/{user}/~/.MonetaryUnit


Folder: \blocks
Folder: \chainstate
File: .lock
File: db.log
File: debug.log
File: fee_estimates.dat


Here are the MD5SUM and SHA1 keys generated on my computer to make sure you get the same file I upload

D:\>FCIV -md5 -sha1 d:\3_Public-MUE-Chain-Block1710757.zip
'FCIV' is not recognized as an internal or external command,
operable program or batch file.

D:\>cd FCIV

D:\FCIV>FCIV -md5 -sha1 3_Public-MUE-Chain-Block1710757.zip
//
// File Checksum Integrity Verifier version 2.05.
//
                MD5                             SHA-1
-------------------------------------------------------------------------
66cbcd6792f1bcdbd5472de1c567f73e e7384533e34f9d3bae0439eab5b96d7c936fdef5 3_publ
ic-mue-chain-block1710757.zip

[sweet bird]

Thank you and glad to see you back...
i'm looking at as a possibility in medium term..

[ZayedCoin]

Nice logo more Successful i hoped Continue more Doing Effort.

[bizzyb]

The new MonetaryUnit ("MUE" | http://www.monetaryunit.org) logo looks good!

Re: [ANN] MonetaryUnit [MUE]: Blockchain Download Files Up to Block 1710757 (106 weeks, since July 2014)

As promised, I've downloaded all 106 weeks of blocks for the MUE blockchain up to block no. 1710757, using the MonetaryUnit Core version v1.0.10.8 Windows 64-Bit MUE Wallet. Took me about 2-days part-time to complete.

FILE (GOOGLE DRIVE), LINK: https://drive.google.com/open?id=0BxwDwwsK5CkEd2VONm15bDFncUk

GOOLE DRIVE DESCRIPTION
MonetaryUnit Core version v1.0.10.8 Windows 64-Bit Blockchain up to Block 1710757. Archive does not include a peers.dat or wallet.dat which will be generated for other users when they continue to sync MUE (monetaryunit.org)

FILE INFORMATION
Filename: "3_Public-MUE-Chain-Block1710757.zip"
Type: Compressed Archive (*.zip)
Size: 882 MB (924,627,768 bytes)
Created: 11:55 with Google Drive

HOW TO INSTALL

1. Install your Wallet Client for MonetaryUnit on Mac, Linux or Windows 32/64-Bit
2. Copy the contents of the *.zip archive supplied into one of the respective operating system locations:

Windows Vista/7/8/8.1 MonetaryUnit Blockchain Location

C:\Users\{user}\AppData\Roaming\MonetaryUnit

Folder: \blocks
Folder: \chainstate
File: .lock
File: db.log
File: debug.log
File: fee_estimates.dat


Mac OSX MonetaryUnit Blockchain Location

~/Library/Application Support/MonetaryUnit

Folder: \blocks
Folder: \chainstate
File: .lock
File: db.log
File: debug.log
File: fee_estimates.dat


Linux MonetaryUnit Blockchain Location

/home/{user}/~/.MonetaryUnit


Folder: \blocks
Folder: \chainstate
File: .lock
File: db.log
File: debug.log
File: fee_estimates.dat


Here are the MD5SUM and SHA1 keys generated on my computer to make sure you get the same file I upload

D:\>FCIV -md5 -sha1 d:\3_Public-MUE-Chain-Block1710757.zip
'FCIV' is not recognized as an internal or external command,
operable program or batch file.

D:\>cd FCIV

D:\FCIV>FCIV -md5 -sha1 3_Public-MUE-Chain-Block1710757.zip
//
// File Checksum Integrity Verifier version 2.05.
//
                MD5                             SHA-1
-------------------------------------------------------------------------
66cbcd6792f1bcdbd5472de1c567f73e e7384533e34f9d3bae0439eab5b96d7c936fdef5 3_publ
ic-mue-chain-block1710757.zip

Looking good man thanks, I'll add this to the ANN soon & credit you with a link to this post.
If there is anything else you can help with or want to take forward please do, and join us in Slack here https://mueslack.herokuapp.com/

[portdavenport]

Thanks BizzyB

If you need any help sprucing up the MonetaryUnit website or communications PM me.

Port
www.scifidomain.com

[Haunebu81]

Can't wait to set up some MUE masternodes! Do we have a set date for September?

[wavespump]

What's ICO price for MUE? It is too long ago, I don't know very much about MUE

[Haunebu81]

Anyone have a list of addnodes? Bootstrap link is invalid.

[bizzyb]

Anyone have a list of addnodes? Bootstrap link is invalid.

Hi, migration date not yet announced, but we are aiming for block 1,750,000, about 12 days.
More info nearer the time.

Have you tried this for quick syncing?
https://bitcointalk.org/index.php?topic=778322.msg16113879#msg16113879

Otherwise get a list of nodes from
https://chainz.cryptoid.info/mue/#!network

[bizzyb]

What's ICO price for MUE? It is too long ago, I don't know very much about MUE

MUE was launched July 27th 2014 and we will soon be migrating to X11 with Masternodes.  Masternodes will require 500k MUE collateral investment.

[Abiky]

Hi, migration date not yet announced, but we are aiming for block 1,750,000, about 12 days.
More info nearer the time.

Have you tried this for quick syncing?
https://bitcointalk.org/index.php?topic=778322.msg16113879#msg16113879

Otherwise get a list of nodes from
https://chainz.cryptoid.info/mue/#!network

Good to know about this since we are getting closer towards the 1,750,000 block. As soon as we migrate, the price might increase as it will attract new investors into the coin (now that it will feature Masternodes). Speaking of which, will there be a service similar to Node40 (which is for Dash)? It would be pretty great to have a service where you can manage your Masternodes in the cloud and earn rewards directly towards your local MUE wallet.

You can look into it here by the way: https://node40.com/

[bizzyb]

Hi, migration date not yet announced, but we are aiming for block 1,750,000, about 12 days.
More info nearer the time.

Have you tried this for quick syncing?
https://bitcointalk.org/index.php?topic=778322.msg16113879#msg16113879

Otherwise get a list of nodes from
https://chainz.cryptoid.info/mue/#!network

Good to know about this since we are getting closer towards the 1,750,000 block. As soon as we migrate, the price might increase as it will attract new investors into the coin (now that it will feature Masternodes). Speaking of which, will there be a service similar to Node40 (which is for Dash)? It would be pretty great to have a service where you can manage your Masternodes in the cloud and earn rewards directly towards your local MUE wallet.

You can look into it here by the way: https://node40.com/

Hi, one of our devs pjcltd has that all set up ready for go live and will be available through his site www.mp-hosting.co.uk
I'm sure others will also come onboard to offer similar services.

[crackfoo]

Hi,

We've added MUE to the miners multipool: www.zpool.ca

Cheers!

Ah cool, thanks for that
I'll add to the OP.

Still working on this?

[bizzyb]

Hi,

We've added MUE to the miners multipool: www.zpool.ca

Cheers!

Ah cool, thanks for that
I'll add to the OP.

Still working on this?

I just forgot!  Sorry.
I'll do it after breakfast

[Abiky]

Hi, one of our devs pjcltd has that all set up ready for go live and will be available through his site www.mp-hosting.co.uk
I'm sure others will also come onboard to offer similar services.

Good to know about this. Thanks for the info! I'm getting very excited with the development of MUE and the amount of interest it has obtained over the last days. It will be up to buying and holding MUE for now (as price has decreased today)

Want to earn up to 1400% ROI by investing in a MUE MasterNode? Yeah me too! (though unlikely)

I've been looking at theoretical returns based on multiple scenarios set out below.

If you discard the outliers and look at the median results I think it's sensible to say year 1 ROI for a MasterNode should be between 20-35%.

While that is a very healthy and attractive return, things get much more interesting when you take into account a growing MUE price.
Several experienced & trusted crypto traders expect MUE to easily hit 1000+ sats in the first year (not guaranteed obviously).

So when you take into consideration a ten fold increase in price (and assuming the BTC price remains stagnant) you could argue the first year ROI could be 200-350%.

What if the BTC price hits ATH over the next 6 months and is trading at $1200, all of a sudden you could argue a year ROI of 400-700%!?

So, back to facts & figures and ignoring optimism, please see the below, and those data alone look pretty good to sway investors to buy MUE to invest in MasterNodes.

Very interesting chart. This will make it a very profitable journey as MUE price increases (not to mention earnings from Masternodes as well) thus making it one of the best investments right now. Since the amount is 500k for masternodes, I would only need 235,000 MUE and I'm complete. Looking forward to the this project grow in the upcoming days. 

[110110101]

Want to earn up to 1400% ROI by investing in a MUE MasterNode? Yeah me too! (though unlikely)

I've been looking at theoretical returns based on multiple scenarios set out below.

If you discard the outliers and look at the median results I think it's sensible to say year 1 ROI for a MasterNode should be between 20-35%.

While that is a very healthy and attractive return, things get much more interesting when you take into account a growing MUE price.
Several experienced & trusted crypto traders expect MUE to easily hit 1000+ sats in the first year (not guaranteed obviously).

So when you take into consideration a ten fold increase in price (and assuming the BTC price remains stagnant) you could argue the first year ROI could be 200-350%.

What if the BTC price hits ATH over the next 6 months and is trading at $1200, all of a sudden you could argue a year ROI of 400-700%!?

So, back to facts & figures and ignoring optimism, please see the below, and those data alone look pretty good to sway investors to buy MUE to invest in MasterNodes.

Just to make sure the spreadsheet is clear.
Column 1 - "% of MUE in MasterNodes" - This column shows the varying amount of the TOTAL coin supply that has been invested into MasterNodes.  One MN requires a 500k mue investment.
Column 2 - "No. of MNs Year 1" - This is the number of MNs that could be active based on the Column 1 value.
Column 3 - "ROI Year 1" - This column calculates the amount of MUE return for each MN in year 1.  It is based on the total amount of reward allocated for MNs per year (14,191,200) divided by the number of MNs and the return based on the 500k investment.

Link to Google Doc - https://docs.google.com/spreadsheets/d/14AVDtxfYAnIVtzbCSONO5MBQ948eVCcGChUcmpPBGWA/edit?usp=sharing

I just wanted to comment on the expected returns on investment. Yes the percentages are astonishingly high, but I would believe the true returns to be in the ~25% range, declining over time, and not several hundred percent. Remember that if the price of BTC goes up, the price of altcoins generally goes down. If we were to see another ATH for Bitcoin, at around $1200, it would be a safe bet to assume that the price of MUE would decline.

This all said, I think it will be interesting times for MUE ahead. Slowly building momentum with a blockchain funded model opens all kinds of possibilities!

[mtx_demon]

Everything on the return depends on the number of MN
less MN more the return for the MN holders
more MN less rewards but stronger network.

The price not always follow the BITCOIN. There is some coins that don't fluctuate based on Bitcoin. But Bitcoin it's like Dollar one day if collapse the rest goes together.

So right now I would not be so worry about the price of MUE. and What the community it's offering and the projects for the future as well.

Once we can have the project funds we should have more services around the coins as DASH, so the price will increase no matter BTC PRICE.

[bizzyb]

Want to earn up to 1400% ROI by investing in a MUE MasterNode? Yeah me too! (though unlikely)

I've been looking at theoretical returns based on multiple scenarios set out below.

If you discard the outliers and look at the median results I think it's sensible to say year 1 ROI for a MasterNode should be between 20-35%.

While that is a very healthy and attractive return, things get much more interesting when you take into account a growing MUE price.
Several experienced & trusted crypto traders expect MUE to easily hit 1000+ sats in the first year (not guaranteed obviously).

So when you take into consideration a ten fold increase in price (and assuming the BTC price remains stagnant) you could argue the first year ROI could be 200-350%.

What if the BTC price hits ATH over the next 6 months and is trading at $1200, all of a sudden you could argue a year ROI of 400-700%!?

So, back to facts & figures and ignoring optimism, please see the below, and those data alone look pretty good to sway investors to buy MUE to invest in MasterNodes.

Just to make sure the spreadsheet is clear.
Column 1 - "% of MUE in MasterNodes" - This column shows the varying amount of the TOTAL coin supply that has been invested into MasterNodes.  One MN requires a 500k mue investment.
Column 2 - "No. of MNs Year 1" - This is the number of MNs that could be active based on the Column 1 value.
Column 3 - "ROI Year 1" - This column calculates the amount of MUE return for each MN in year 1.  It is based on the total amount of reward allocated for MNs per year (14,191,200) divided by the number of MNs and the return based on the 500k investment.

Link to Google Doc - https://docs.google.com/spreadsheets/d/14AVDtxfYAnIVtzbCSONO5MBQ948eVCcGChUcmpPBGWA/edit?usp=sharing

I just wanted to comment on the expected returns on investment. Yes the percentages are astonishingly high, but I would believe the true returns to be in the ~25% range, declining over time, and not several hundred percent. Remember that if the price of BTC goes up, the price of altcoins generally goes down. If we were to see another ATH for Bitcoin, at around $1200, it would be a safe bet to assume that the price of MUE would decline.

This all said, I think it will be interesting times for MUE ahead. Slowly building momentum with a blockchain funded model opens all kinds of possibilities!

Hi, yep all fair points.
It will be interesting to revisit this a year after we migrate and reflect in this post
Exciting times ahead whatever the ROI.