Quote from: boomboom on November 23, 2016, 05:29:33 AM

Quote from: P-Trump on November 23, 2016, 01:18:11 AM

Quote from: Schollepetzer on November 22, 2016, 05:39:41 PM

This is an pretty impressive ammount you have there Wink

Allow me the question, how will you ensure you can definitely get one node actively running? I understand there are 16 spots in each region. Everybody has one vote for each of the 4 regions. So for one region there could be the scenario, that you will be outvoted, especially with combined voting power of others. This assumtion is also valid for the other regions. Just curious how you can ensure this offer with 100% confidence...
Cheers!

Yes, I was not aware of this aspect of the election process (each KMD votes in each region). I had anticipated a node quota being 1/64 of 100M KMD, with this scheme a node quota will be 1/16 of KMD, which is 6.25% of the vote. Even with ~2.7% of the vote I am clearly well under half a quota now. I am considering whether to run now at all as I don't believe I would get elected now. My 'plan B' option of hiring a node operator myself to run a 'guaranteed' node looks to be dead in the water. Maybe 2-3 other individuals could combine votes with me into 6.25% of the total vote and then we run 4 guaranteed nodes, but that is more difficult. As I said above, I prefer a set-and-forget arrangement that gives me a nice income stream. Less is more for me if the arrangement is simple and easy to manage!

Others have mentioned the likelihood of 'voting pools' starting eventually, similar to mining pools in PoW coins, and forging pools in NXT. I will wait and see what happens there. I am not too keen on the idea of just selling my vote to the highest bidder, but 2.69% of the vote does have some value. I do want to see viable and stable node operators emerge, but where there are elections and money involved, there will always be coalitions, horse-trading, & deals made to get people elected. I will wait and see what happens. I will say I have no complaint on the election scheme. I was not aware of this detail, but it makes sense why it was chosen.

I don't think selling votes makes much sense until KMD price is A LOT higher, most nodes will make a small loss or small profit for a couple of years, even with the subsidy, so node runners wont have cash to buy votes. When KMD price is high it'll be a different story ... that's when things might get Funky with vote trading.

How many KMD can a node mine in a month anyway?

Approximately 2700 a month if there are 48 notary nodes, that number doesn't factor in non-notarynode miners, so it will probably be lower than that.