Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [SAFE] Safecoin - Komodo Fork - Safe.Trade - Equihash 192.7
by
SafeCoins
on 12/01/2021, 10:32:05 UTC
Recently, I have been following the development of the project. I wanted to launch a node, but I found out that a very small percentage of coins from the block reward goes to the nodes and it is economically unprofitable to keep the node. Are there any plans to fix this and encourage people to keep the nodes? I think this could have a positive effect on the course. And would more people know about the project?
And I support that there is activity on this forum.

Node rewards will be increasing yes, and we will talk more about that in our AMA mentioned above.    However, we will never actually have high rewards for nodes, as we are a low emission, limited supply coin like bitcoin.

Profitability is determined by the price you sell at, which is up to the individual to decide (most of our Safenode operators rarely sell).    It is also determined by how you run the node.   For instance many people just run it on their home computer and it costs them basically nothing.   Others run it on a raspberry pi at little to no cost   (SafeNodes do run on rPi).

It is our belief that projects which give out large node rewards will always struggle to be a good store of value due to the inflation this creates (much like fiat experiences now)