Post
Topic
Board Announcements (Altcoins)
Re: [ANN][KMD][dPoW] Komodo - Zcash Zero Knowledge Privacy Secured by Bitcoin
by
VirtualCloudMining
on 27/07/2017, 08:13:03 UTC
Approximately how much KMD does a notary node mine each month?
1500

Currently that's 1500*0.00037000*2558=$1419.69 in a month. With a low rent you can live on that full time. When KMD rises and multiplies that sum will also rise and multiply. After the BTC event coming up BTC could rise to up to $4000/BTC this year. It was originally stated that they should get about $500 each month "get the ~$500 per month". When notary node operators dump KMD and profit in BTC and then in $$$ the KMD rate decreases.

https://support.supernet.org/support/solutions/articles/29000010574-notary-node-elections
selling pressure from notary mined KMD is about 10% the selling pressure from the 5% APR.
which is about 14,000 KMD per day, or if 100% of the 5% APR is being sold at current prices less than 10% of daily volumes.

It does not seem that notary selling will have any measurable effect on market price as they have an ongoing cost basis for the server and time needed vs. 5% APR that requires literally no ongoing costs at all. And it is an order of magnitude less than what at most is 10% daily volumes.

So dumping from 5% APR is more of an issue than notary node operators profit dumping. With 16 notary nodes in 4 regions we get 64 notary nodes. The cost now is 64*1419.69=$90860.16 each month. In a year that is over a million dollars, $ 1 090 321. How will this be handled when KMD/$ multiplies?