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Showing 5 of 5 results by GrassFunky
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Topic
Re: [ANN] NeosCoin swap in progress. Details, news and other information.
by
GrassFunky
on 13/10/2016, 02:36:09 UTC
Post
Topic
Re: [ANN] NeosCoin swap in progress. Details, news and other information.
by
GrassFunky
on 29/09/2016, 18:52:30 UTC
The next stage of updates will come in stages by order of priority/necessity to support the upcoming changes. Before we do this, there are a few details to share with you all including a few proposals:

Suggestions/feedback from the community:

1.  Lower the cost of masternodes from 5000 NEOS to 3000 NEOS.  This would allow for more growth and a broader distribution.
2.  Increase the block reward to 2 NEOS per block, giving each MN 1 and each staker 1.

If anyone has any thoughts on the above, please feel free to share.  I'll be pushing some updates soon and coordinating the fork time pending feedback on the aforementioned.  Poloniex is in the works and will be gradually added into the client as well as Bleutrade.  Although, I've had conflicting opinions on in-wallet trading.  Some have expressed that the wallet should be without these features to allow it to focus solely on base functionality.  Thoughts?

regarding 1.:
I think most people don't set up masternodes, because they have to allow incoming connections. Changing the amount of NEOS for setting up a masternode will probably not change the situation.

regarding 2.:
around 550,000 NEOS per year will be created with the current reward schedule. That is already pretty high considering the total amount of NEOS existing. Instead of increasing the supply, I would be in favour of gradually decreasing the reward (say something like halving the reward every year, or every 550,000 blocks).

regarding in-wallet trading:
probably not worth the effort. I know that I will not use it.


Just an opinion ...

... btw, I like the new POS wallet and I was positively surprised when you announced the continuation of development.


Best of luck for the future of this coin.

Regarding #2, that's an excellent idea.  Every 500,000 blocks, the reward will drop by .1 for the next 5 iterations (roughly every 347 days).  Thank you for that feedback, quite a few others agreed with it as do we!

Yeaa down with a gradual decrease! Smiley
I don't use the in wallet trading, perhaps its worth removing to focus on other areas?
Lowering the cost of a MN probably wont have much of an effect as it still quite a mission for the GP to get one going. Unless there is docs coming for this or a one two click kinda thing in the wallet to set one up.
Post
Topic
Re: [ANN] NeosCoin swap in progress. Details, news and other information.
by
GrassFunky
on 25/09/2016, 02:30:02 UTC
twoturtles,
good day
is there instructions how i can setup masternode

1. if my provider give for me dynamic ip is possible setup node?
2. node address created in wallet?
3. where i can find privKey  and TxHash?
4. is real setup node for windows

for example i typycal users i do not find any info how simple way setup masternode, it is not good
I think need simple instruction, very detail that clarify for any student how you can setup node and use coin in future!



Also I want to add a question, What would be a good hardware specification for masternode?

Im using a VPS and neoscoind, fairly easy to get running and I didn't know shit beforehand, I think you need at least 2 gb ram to make it

How many coins you need? @GrassFunky

5000 Neos to run a Masternnode,

Thankyou, how many coins are you forging/staking ? Im almost 5k coins.
You read any documentation ? can you point me there please? how to register a masternode, etc.

A few, better than just letting 5 grand stake....
I used some masternode guides for DASH to get the gist of how to set it up, but I believe the devs are working on some docs for setting up Neos Masternodes and possibly even making a far easier way to get them running than what I went through Smiley
Post
Topic
Re: [ANN] NeosCoin swap in progress. Details, news and other information.
by
GrassFunky
on 23/09/2016, 19:51:00 UTC
twoturtles,
good day
is there instructions how i can setup masternode

1. if my provider give for me dynamic ip is possible setup node?
2. node address created in wallet?
3. where i can find privKey  and TxHash?
4. is real setup node for windows

for example i typycal users i do not find any info how simple way setup masternode, it is not good
I think need simple instruction, very detail that clarify for any student how you can setup node and use coin in future!



Also I want to add a question, What would be a good hardware specification for masternode?

Im using a VPS and neoscoind, fairly easy to get running and I didn't know shit beforehand, I think you need at least 2 gb ram to make it

How many coins you need? @GrassFunky

5000 Neos to run a Masternnode,
Post
Topic
Re: [ANN] NeosCoin swap in progress. Details, news and other information.
by
GrassFunky
on 23/09/2016, 09:46:16 UTC
twoturtles,
good day
is there instructions how i can setup masternode

1. if my provider give for me dynamic ip is possible setup node?
2. node address created in wallet?
3. where i can find privKey  and TxHash?
4. is real setup node for windows

for example i typycal users i do not find any info how simple way setup masternode, it is not good
I think need simple instruction, very detail that clarify for any student how you can setup node and use coin in future!



Also I want to add a question, What would be a good hardware specification for masternode?

Im using a VPS and neoscoind, fairly easy to get running and I didn't know shit beforehand, I think you need at least 2 gb ram to make it