Post
Topic
Board Announcements (Altcoins)
Re: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - POS 2.0 - ZEROCOIN PROTOCOL
by
EleanorZ
on 26/03/2017, 05:32:28 UTC
Maybe I missed it, but how much % do you get for staking and how long do you need to stake them to get some coin?  Thank you.

Also, is the masternode easy to setup?  Can a total n00b like me with zero skills do it with simple step by step?  And if I had a masternode right now with almost no transnational volume with this being a newer coin is there any other type of reward?  Thanks in advance for my n00b questions ha ha.

Fairly easy to set up a masternode if you have basic comfort on a computer. Not easy-easy, but easy enough. See here for instructions: https://pivxmasternode.org/

Staking and masternode reward stats are available here: http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html

Remember that the exact payment schedule depends on how many masternodes there are, and that there is a 'see-saw' system to balance rewards for masternodes vs. staking. For a round number, you'd receive the current stake payout once/24 hours (ish) if you staked ~10k coins, but you can still receive pretty regular payouts with fewer than that.

There is no other reward for running a masternode beyond what it pays out (and of course the fact that having one means you have 10k PIVX). The see-saw system is deliberately intended to incentivize having a masternode over staking, but only up to a certain point; if there are 'too many' MNs it becomes more profitable to stake.