[UNOFFICIAL] [VNL] Vanillacoin 0.4.1 | Instant ▱ Incentivized ▱ Innovative

[traumschiff]

In such a system, Wallet exchange will receive a huge reward !?

1 Super Peer / 1 IP

Exchanges like Poloniex and Bittrex have a no stake policy and they are US based registered exchanges, also please note that every exchange uses cold storage and high security measures which aren't compatible on how Super Peers should work.

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[HCLivess]

I love the recent changes. The next injection goes to VNL

[traumschiff]

PSA on the Node Incentives [FAQ]

Whate is the Node Incentives system?

The node incentive system has been introduced with the recent updates. Super Peers will get honored with a % of PoW in exchange for their honest work on the network

Paper: https://github.com/john-connor/papers/blob/master/incentive.pdf

Basic information (Wiki): http://vanillacoin.net/wiki/Technologies/Node%20Incentives.md

Progress thread: https://talk.vanillacoin.net/topic/207/incentive-system

Collateral algorithm: https://gist.github.com/john-connor/b6799efff326ff77d418

Reward algorithm: https://gist.github.com/john-connor/967ba7f7e9dd0ec1f7a9


When will the Node Incentives go live?

Node Incentives will go live with 1% of PoW reward with block 210,000. Estimated time: 09/19/2015 11:03:22 - 21h 12m 1s


What do I need to be able to get rewards?

- You will need a wallet with 10000 Vanillacoins when block height will be > 220,000

- Your router needs to have the port open that you have in your config.dat file (Windows: Local Disk (C:) > Users > Your User > AppData > Roaming > Vanillacoin)

- Your wallet needs to have a 15 min uptime currently (should be increased later)


What are the rewards?

The exact reward structure can be found in the links above, but the range is 1-40% of the PoW rewards


Can I stake with the amount of coins that is sent to the wallet for the Node Incentives?

Yes, you can get both node incentives and staking rewards at the same time.


How can I spend the amount of coins sent to the wallet for the Node Incentives? Is it locked?

You can spend the coins anytime, they are not locked, but if you spend from them and don't reach the minimum amount needed you won't get the incentive rewards.


Do I need to unlock the wallet?

Unlock once after you sent the Vanillacoins needed, but you can relock it after


Any info about the Node Incentive via the wallet?

Type in console: getincentiveinfo


How much will system resources play a part in the incentive?

More bandwidth usage to spread the blockchain, & more daemon call (to send the blocks on the network)


What is the limitation for the Super Peers?

Only 1 Super Peer / IP adress is allowed

[etoque]

Yay ! Gonna setup an node right now

[executter]

can we stake and be super peer at same time ?

[traumschiff]

Message to hidden & private pools, you need to patch your node-stratum-pool with: https://github.com/xCoreDev/node-stratum-pool/commit/2733906569ca8625d90c24d082b50d6e78eb9e19

[bitcoin carpenter]

can we stake and be super peer at same time ?

Yes

[bitcoin carpenter]

So we will be at 10% by the next reward reduction and 20% for the reduction after that?

[operabit]

Vanillacoin very nice and I like it because there is no dump excessive, and prices tend to be stable.

[coinfusion]

For this new system, 10k coins seems like quite a lot -- I was expecting maybe 5k at the most!  Others may have thought the same thing; going to have to do battle on the exchanges now while the price is rising.

[souljah1h]

For this new system, 10k coins seems like quite a lot -- I was expecting maybe 5k at the most!  Others may have thought the same thing; going to have to do battle on the exchanges now while the price is rising.

Maybe in the future it will get lower...

[executter]

yeah i've received my first incentive transaction.
just need to wait for reward increase.

[liulby]

Waiting for 210K,wait Node incentives!
 

[bigfryguy]

Waiting for 210K,wait Node incentives!
 

7 blocks to go

[TheTerminator]

order books looking slightly sad hope its not dump on the news.

[hughbt]

order books looking slightly sad hope its not dump on the news.

Dump on news? hahahaha If you want to follow that logic you have to dump all your coins, because with Vanilla there are news almost every week. Dev is working hard and pushing code every day.

[EmilioMann]

order books looking slightly sad hope its not dump on the news.

Dump on news? hahahaha If you want to follow that logic you have to dump all your coins, because with Vanilla there are news almost every week. Dev is working hard and pushing code every day.

and every day we have dumps

[hughbt]

order books looking slightly sad hope its not dump on the news.

Dump on news? hahahaha If you want to follow that logic you have to dump all your coins, because with Vanilla there are news almost every week. Dev is working hard and pushing code every day.

and every day we have dumps

You should hurry up then and sell your coins...

[bitcoin carpenter]

Seems like on weekends there are dumps while buy volume is low...

Someone is keeping this market grounded for now..

Next week collateral will be required, get ready to have the momentum swing

[EmilioMann]

order books looking slightly sad hope its not dump on the news.

Dump on news? hahahaha If you want to follow that logic you have to dump all your coins, because with Vanilla there are news almost every week. Dev is working hard and pushing code every day.

and every day we have dumps

You should hurry up then and sell your coins...

I didnt say I want to sell my coins, I just said that every day we have releases and dumps