Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
Oh you will come to learn the true costs of running a masternode my friend.
The key thing about the miners is that they simply have to be good at mathematics to prove their worth. They need to hash fast and nothing else.
The key thing about the miners is that they simply have to be good at mathematics to prove their worth. They need to hash fast and nothing else.
They don't need to hash fast at all, PoW exists to try and ensure decentralisation of whatever that total hash is, that's all.
The remaining coins are scarce, and more and more people want to be the first ones to harvest those coins.
That's the simple explanation why miners need to hash faster and faster.
Sure, you can hash slow if you like, ok ok! But don't complain when a faster miner eats all the coins away.
More Masternodes make those coins even scarcer... and a tiny % of miners having a small advantage over the others doesn't matter IMO, someone always has some advantage somehow, in anything.
I am not sure about that.
As you said, I could setup and run 2 masternodes in a few hours. But it only takes me a few minutes to withdraw those coins to an exchange and sell them.
So those 2000 DRK are not really far removed from the market at all.
A masternode is a very volatile form of "fixated asset". It's not a tightly fixated asset like e.g. a house. Far from it.