Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure
by
86B
on 10/01/2019, 22:04:26 UTC
So do I need to do anything to get the 100x coins? Or just do nothing and eventually my balance will be 100x? Also, is it worth it to run a service node currently? I couldn't find any statistics on them. Is it only the top 20 service nodes that get paid? What if there is more than 20 service nodes?

You won't have to do a thing and your Blocknet address will automatically be updated by moving the decimal over two places. I imagine it'll be a hard fork anyways and there will be a new wallet to use.

Since creating my first service node it has never been cheaper to own one. I've been receiving two types of rewards, the 70% cut of new coins generated thru POS and 0.015 Block for each transaction my snode supports. And that's just the beginning, we expect to see fees for the XRouter and something called the XCloud (waiting on more info from the devs).

Is there any decent step by step instructions on how I would set up a service node? What was the documentation saying about how there is only 20 in the queue or something? If I set one up I can host a couple blockchains I suppose. Is there any hardware requirements or anything?

The following link details how to setup a service node: https://github.com/BlocknetDX/blocknet-docs/blob/master/blocknetDXservice-node.md

As for the 20 service node thing, it sounds like you're referring to the "winners" list masternode blockchains use to pick a valid node to receive payment.  In a nutshell, the 0.7 BLOCK reward is paid to a valid service node in the top 20, and once paid, that service node rotates out of the top 20... making the aggregate service node list rolling.