Re: [ANN] ESSENTIA - The Decentralised User Becomes a Reality
Masternode will be 100k ESS, supernodes details are still to be fully confirmed! Yes, the team will be updating this article with the weekly updates and progress
So which will require more tokens to run? a master or super node?
100k is pretty cheap right now... I was expecting that to be the amount for the higher level node.
Would be great to have the team provide more details
Masternode IS lowest level
Also, cheap masternode means low rewards, too...probably less coins than cost of electricity
based on current price, and amount of coins put aside for node rewards, those coins are worth 51 BTC
Now, lets consider for a moment we spread those 51BTC over 1500 days, thats 0.034 BTC total daily reward
Lets for a moment forget about supernodes, 820 accounts have more than 100k ESS, so eligible for running MN
That equals about 4100 satoshis per day (15 cents) per masternode
All we know about supernodes is that they'll be available for presale ICO buyers, and supernodes will get 75% coins, masternodes will get 25%
So final daily reward for masternodes will be around 4 cents per day (or $14.6 per year)
Now we only need to know how much electricity is needed to run masternode
Thanks for the breakdown. Though, your values are highly dependent on the price of BTC and ESS... $14.6 a year is actually huge compared to BTC mining right now - figuring a negative ROI
Obviously, it would be for holding the rewards for better days.
"supernodes is that they'll be available for presale ICO buyers" - is this true? I'm not an ICO buyer...