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Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
P-Trump withdraws as a candidate in the node election!
I've come to a mutually beneficial arrangement with one of the current testnet node operators, so I wont be running in the election myself. Please withdraw my name from the election site.
I've come to a mutually beneficial arrangement with one of the current testnet node operators, so I wont be running in the election myself. Please withdraw my name from the election site.
My KMD is currently 'unattached' for the upcoming notary election.
I haven't sold a single coin since the last election, so with interest my stake should be about the same (2.7%).
If you're considering running in the notary election for one of the available spots, and you want to discuss options that may secure one of the lucrative notary node positions let me know.
My previous arrangement has expired.
I'm a notary node operator, my 3 nodes are reellected because them notarize fine. I can manage your nodes if you are elected. With your 2,6 millions KMD could elected 4 node.
Let me know if you are interested.
Thanks
Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*
I can't forging mining wallet message this in loop
Could you help?
Thanks in advance
Code:
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
2017-08-05 12:23:03 [pool-5-thread-1] DEBUG com.heatledger.Generator Error in block generation thread
"com.heatledger.Account$DoubleSpendingException: Unconfirmed (90592696970) exceeds confirmed (85592696970) balance or quantity for account 5940663980440141860"
"\tat com.heatledger.Account.checkBalance(Account.java:662)"
"\tat com.heatledger.Account.addToUnconfirmedBalanceHQT(Account.java:633)"
"\tat com.heatledger.Order.removeExpiredOrders(Order.java:230)"
"\tat com.heatledger.BlockchainProcessorImpl.accept(BlockchainProcessorImpl.java:917)"
"\tat com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:867)"
"\tat com.heatledger.BlockchainProcessorImpl.generateBlock(BlockchainProcessorImpl.java:1151)"
"\tat com.heatledger.Generator.forge(Generator.java:316)"
"\tat com.heatledger.Generator$1.run(Generator.java:100)"
"\tat java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)"
"\tat java.util.concurrent.FutureTask.runAndReset(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
"com.heatledger.Account$DoubleSpendingException: Unconfirmed (90592696970) exceeds confirmed (85592696970) balance or quantity for account 5940663980440141860"
"\tat com.heatledger.Account.checkBalance(Account.java:662)"
"\tat com.heatledger.Account.addToUnconfirmedBalanceHQT(Account.java:633)"
"\tat com.heatledger.Order.removeExpiredOrders(Order.java:230)"
"\tat com.heatledger.BlockchainProcessorImpl.accept(BlockchainProcessorImpl.java:917)"
"\tat com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:867)"
"\tat com.heatledger.BlockchainProcessorImpl.generateBlock(BlockchainProcessorImpl.java:1151)"
"\tat com.heatledger.Generator.forge(Generator.java:316)"
"\tat com.heatledger.Generator$1.run(Generator.java:100)"
"\tat java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)"
"\tat java.util.concurrent.FutureTask.runAndReset(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
2017-08-05 12:23:03 [pool-5-thread-2] DEBUG com.heatledger.Generator Error in block generation thread
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
2017-08-05 12:23:03 [pool-5-thread-1] DEBUG com.heatledger.Generator Error in block generation thread
"com.heatledger.Account$DoubleSpendingException: Unconfirmed (90592696970) exceeds confirmed (85592696970) balance or quantity for account 5940663980440141860"
"\tat com.heatledger.Account.checkBalance(Account.java:662)"
"\tat com.heatledger.Account.addToUnconfirmedBalanceHQT(Account.java:633)"
"\tat com.heatledger.Order.removeExpiredOrders(Order.java:230)"
"\tat com.heatledger.BlockchainProcessorImpl.accept(BlockchainProcessorImpl.java:917)"
"\tat com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:867)"
"\tat com.heatledger.BlockchainProcessorImpl.generateBlock(BlockchainProcessorImpl.java:1151)"
"\tat com.heatledger.Generator.forge(Generator.java:316)"
"\tat com.heatledger.Generator$1.run(Generator.java:100)"
"\tat java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)"
"\tat java.util.concurrent.FutureTask.runAndReset(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
"com.heatledger.Account$DoubleSpendingException: Unconfirmed (90592696970) exceeds confirmed (85592696970) balance or quantity for account 5940663980440141860"
"\tat com.heatledger.Account.checkBalance(Account.java:662)"
"\tat com.heatledger.Account.addToUnconfirmedBalanceHQT(Account.java:633)"
"\tat com.heatledger.Order.removeExpiredOrders(Order.java:230)"
"\tat com.heatledger.BlockchainProcessorImpl.accept(BlockchainProcessorImpl.java:917)"
"\tat com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:867)"
"\tat com.heatledger.BlockchainProcessorImpl.generateBlock(BlockchainProcessorImpl.java:1151)"
"\tat com.heatledger.Generator.forge(Generator.java:316)"
"\tat com.heatledger.Generator$1.run(Generator.java:100)"
"\tat java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)"
"\tat java.util.concurrent.FutureTask.runAndReset(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
2017-08-05 12:23:03 [pool-5-thread-2] DEBUG com.heatledger.Generator Error in block generation thread
Could you help?
Thanks in advance
Delete the blockchain from the blockchain-folder and let it download again from the beginning.
Thanks for fast answer, Deletting blocks at ath is heatwallet\resources\heatledger\heat_db\ and resync
Re: [ANN] HEAT: 3.0 crypto*multisig fiat*a2a hft*1000tps*DSA*PoS+PoP*e2ee chat*
I can't forging mining wallet message this in loop
Could you help?
Thanks in advance
Code:
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
2017-08-05 12:23:03 [pool-5-thread-1] DEBUG com.heatledger.Generator Error in block generation thread
"com.heatledger.Account$DoubleSpendingException: Unconfirmed (90592696970) exceeds confirmed (85592696970) balance or quantity for account 5940663980440141860"
"\tat com.heatledger.Account.checkBalance(Account.java:662)"
"\tat com.heatledger.Account.addToUnconfirmedBalanceHQT(Account.java:633)"
"\tat com.heatledger.Order.removeExpiredOrders(Order.java:230)"
"\tat com.heatledger.BlockchainProcessorImpl.accept(BlockchainProcessorImpl.java:917)"
"\tat com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:867)"
"\tat com.heatledger.BlockchainProcessorImpl.generateBlock(BlockchainProcessorImpl.java:1151)"
"\tat com.heatledger.Generator.forge(Generator.java:316)"
"\tat com.heatledger.Generator$1.run(Generator.java:100)"
"\tat java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)"
"\tat java.util.concurrent.FutureTask.runAndReset(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
"com.heatledger.Account$DoubleSpendingException: Unconfirmed (90592696970) exceeds confirmed (85592696970) balance or quantity for account 5940663980440141860"
"\tat com.heatledger.Account.checkBalance(Account.java:662)"
"\tat com.heatledger.Account.addToUnconfirmedBalanceHQT(Account.java:633)"
"\tat com.heatledger.Order.removeExpiredOrders(Order.java:230)"
"\tat com.heatledger.BlockchainProcessorImpl.accept(BlockchainProcessorImpl.java:917)"
"\tat com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:867)"
"\tat com.heatledger.BlockchainProcessorImpl.generateBlock(BlockchainProcessorImpl.java:1151)"
"\tat com.heatledger.Generator.forge(Generator.java:316)"
"\tat com.heatledger.Generator$1.run(Generator.java:100)"
"\tat java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)"
"\tat java.util.concurrent.FutureTask.runAndReset(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
2017-08-05 12:23:03 [pool-5-thread-2] DEBUG com.heatledger.Generator Error in block generation thread
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
2017-08-05 12:23:03 [pool-5-thread-1] DEBUG com.heatledger.Generator Error in block generation thread
"com.heatledger.Account$DoubleSpendingException: Unconfirmed (90592696970) exceeds confirmed (85592696970) balance or quantity for account 5940663980440141860"
"\tat com.heatledger.Account.checkBalance(Account.java:662)"
"\tat com.heatledger.Account.addToUnconfirmedBalanceHQT(Account.java:633)"
"\tat com.heatledger.Order.removeExpiredOrders(Order.java:230)"
"\tat com.heatledger.BlockchainProcessorImpl.accept(BlockchainProcessorImpl.java:917)"
"\tat com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:867)"
"\tat com.heatledger.BlockchainProcessorImpl.generateBlock(BlockchainProcessorImpl.java:1151)"
"\tat com.heatledger.Generator.forge(Generator.java:316)"
"\tat com.heatledger.Generator$1.run(Generator.java:100)"
"\tat java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)"
"\tat java.util.concurrent.FutureTask.runAndReset(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
"com.heatledger.Account$DoubleSpendingException: Unconfirmed (90592696970) exceeds confirmed (85592696970) balance or quantity for account 5940663980440141860"
"\tat com.heatledger.Account.checkBalance(Account.java:662)"
"\tat com.heatledger.Account.addToUnconfirmedBalanceHQT(Account.java:633)"
"\tat com.heatledger.Order.removeExpiredOrders(Order.java:230)"
"\tat com.heatledger.BlockchainProcessorImpl.accept(BlockchainProcessorImpl.java:917)"
"\tat com.heatledger.BlockchainProcessorImpl.pushBlock(BlockchainProcessorImpl.java:867)"
"\tat com.heatledger.BlockchainProcessorImpl.generateBlock(BlockchainProcessorImpl.java:1151)"
"\tat com.heatledger.Generator.forge(Generator.java:316)"
"\tat com.heatledger.Generator$1.run(Generator.java:100)"
"\tat java.util.concurrent.Executors$RunnableAdapter.call(Unknown Source)"
"\tat java.util.concurrent.FutureTask.runAndReset(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.access$301(Unknown Source)"
"\tat java.util.concurrent.ScheduledThreadPoolExecutor$ScheduledFutureTask.run(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor.runWorker(Unknown Source)"
"\tat java.util.concurrent.ThreadPoolExecutor$Worker.run(Unknown Source)"
"\tat java.lang.Thread.run(Unknown Source)"
2017-08-05 12:23:03 [pool-5-thread-2] DEBUG com.heatledger.Generator Error in block generation thread
Could you help?
Thanks in advance
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
Hi
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
In the region that Im elected I will actively participate to resolve doubts or help in whatever is needed. Not 24/7 Im not komodo team member
I will advertise (signature profile etc..) the project by crypto forums of that region. Translated by natives of those countries.I will not spend money. Spend my time is value too
If I am elected in 2 or more regions. As soon as DEX is operative I will send messages everyday 4-5 times at trollbox of 40 exchanges with more volume. https://www.cryptocoincharts.info/markets/info
In addition if I am elected in the 4 regions I will mount an LP Node in Asia, without charge to the platform. To give liquidity to DEX. This region has more than half of the world's population with internet access and at most will have 13 notary nodes.
I am very interested in the project and move on.
I deploy 4 high performance Nodes .I have participated in all ratify, my nodes are part of the first 35 notaries.
Mined near to 50000 KMDS . +2000 notarization.
AE Node Russia Briansk (notarization)
https://www.blocktrail.com/BTC/address/171ERtCXZha6huG6CneqqXBbNhng57Dnb6/transactions
EU Node Spain Barcelona (notarization)
https://www.blocktrail.com/BTC/address/1KerrCALfkMD4KyPrkkzdgqjaNRSSpCvgX/transactions
NA Node USA Kansas City (notarization)
https://www.blocktrail.com/BTC/address/1GNidEB31ZYUB5LTCmU4R8f1sMJHoEXJRV/transactions
SH Node South Africa Johannesburg (notarization)
https://www.blocktrail.com/BTC/address/1B5ZUUjUXt4MkBUQNgqTzf5S52cMZPVNb/transactions
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SeedNotary . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
https://www.komodoelection.com/candidates/titomane
Wallets KMD TestNet
EU "Spain" Barcelona
http://kpx.io/accounts/RTw3vi3dGa9n8LLbKvk7jDAwLdt3A5ET7a
NA "USA" Kansas
http://kpx.io/accounts/RQeuhk4KcPM3F5hefwTBWezDdcktSGQQSq
AE "Russia" Briansk
http://kpx.io/accounts/RFHRWQ5pAXNfmudHfxdxw3Wo8yFGoeDn6z
SH "South Africa" Johanesgurg
https://kpx.io/accounts/R9TGdzN25MgdRkYfsYfxZWzHCLVCyWFAei
I hope your support
Thank you
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
In the region that Im elected I will actively participate to resolve doubts or help in whatever is needed. Not 24/7 Im not komodo team member
I will advertise (signature profile etc..) the project by crypto forums of that region. Translated by natives of those countries.I will not spend money. Spend my time is value too
If I am elected in 2 or more regions. As soon as DEX is operative I will send messages everyday 4-5 times at trollbox of 40 exchanges with more volume. https://www.cryptocoincharts.info/markets/info
In addition if I am elected in the 4 regions I will mount an LP Node in Asia, without charge to the platform. To give liquidity to DEX. This region has more than half of the world's population with internet access and at most will have 13 notary nodes.
I am very interested in the project and move on.
I deploy 4 high performance Nodes .I have participated in all ratify, my nodes are part of the first 35 notaries.
Mined near to 50000 KMDS . +2000 notarization.
AE Node Russia Briansk (notarization)
https://www.blocktrail.com/BTC/address/171ERtCXZha6huG6CneqqXBbNhng57Dnb6/transactions
EU Node Spain Barcelona (notarization)
https://www.blocktrail.com/BTC/address/1KerrCALfkMD4KyPrkkzdgqjaNRSSpCvgX/transactions
NA Node USA Kansas City (notarization)
https://www.blocktrail.com/BTC/address/1GNidEB31ZYUB5LTCmU4R8f1sMJHoEXJRV/transactions
SH Node South Africa Johannesburg (notarization)
https://www.blocktrail.com/BTC/address/1B5ZUUjUXt4MkBUQNgqTzf5S52cMZPVNb/transactions
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SeedNotary . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
https://www.komodoelection.com/candidates/titomane
Wallets KMD TestNet
EU "Spain" Barcelona
http://kpx.io/accounts/RTw3vi3dGa9n8LLbKvk7jDAwLdt3A5ET7a
NA "USA" Kansas
http://kpx.io/accounts/RQeuhk4KcPM3F5hefwTBWezDdcktSGQQSq
AE "Russia" Briansk
http://kpx.io/accounts/RFHRWQ5pAXNfmudHfxdxw3Wo8yFGoeDn6z
SH "South Africa" Johanesgurg
https://kpx.io/accounts/R9TGdzN25MgdRkYfsYfxZWzHCLVCyWFAei
I hope your support
Thank you
Re: SuperNET: Komodo Elections and Notary Node operators
Hello
I prefer people working at tesnet these operators need update their nodes each update.
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
In the region that Im elected I will actively participate to resolve doubts or help in whatever is needed. Not 24/7 Im not komodo team member
I will advertise (signature profile etc..) the project by crypto forums of that region. Translated by natives of those countries.I will not spend money. Spend my time is value too
If I am elected in 2 or more regions. As soon as DEX is operative I will send messages everyday 4-5 times at trollbox of 40 exchanges with more volume. https://www.cryptocoincharts.info/markets/info
In addition if I am elected in the 4 regions I will mount an LP Node in Asia, without charge to the platform. To give liquidity to DEX. This region has more than half of the world's population with internet access and at most will have 13 notary nodes.
I am very interested in the project and move on.
I deploy 4 high performance Nodes .I have participated in all ratify, my nodes are part of the first 35 notaries.
Mined near to 50000 KMDS . +1500 notarization.
AE Node Russia Briansk (notarization)
https://www.blocktrail.com/BTC/address/171ERtCXZha6huG6CneqqXBbNhng57Dnb6/transactions
EU Node Spain Barcelona (notarization)
https://www.blocktrail.com/BTC/address/1KerrCALfkMD4KyPrkkzdgqjaNRSSpCvgX/transactions
NA Node USA Kansas City (notarization)
https://www.blocktrail.com/BTC/address/1GNidEB31ZYUB5LTCmU4R8f1sMJHoEXJRV/transactions
SH Node South Africa Johannesburg (notarization)
https://www.blocktrail.com/BTC/address/1B5ZUUjUXt4MkBUQNgqTzf5S52cMZPVNb/transactions
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SeedNotary . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
https://www.komodoelection.com/candidates/titomane
Wallets KMD TestNet
EU "Spain" Barcelona
http://kpx.io/accounts/RTw3vi3dGa9n8LLbKvk7jDAwLdt3A5ET7a
NA "USA" Kansas
http://kpx.io/accounts/RQeuhk4KcPM3F5hefwTBWezDdcktSGQQSq
AE "Russia" Briansk
http://kpx.io/accounts/RFHRWQ5pAXNfmudHfxdxw3Wo8yFGoeDn6z
SH "South Africa" Johanesgurg
https://kpx.io/accounts/R9TGdzN25MgdRkYfsYfxZWzHCLVCyWFAei
I hope your support
Thank you
I prefer people working at tesnet these operators need update their nodes each update.
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
In the region that Im elected I will actively participate to resolve doubts or help in whatever is needed. Not 24/7 Im not komodo team member
I will advertise (signature profile etc..) the project by crypto forums of that region. Translated by natives of those countries.I will not spend money. Spend my time is value too
If I am elected in 2 or more regions. As soon as DEX is operative I will send messages everyday 4-5 times at trollbox of 40 exchanges with more volume. https://www.cryptocoincharts.info/markets/info
In addition if I am elected in the 4 regions I will mount an LP Node in Asia, without charge to the platform. To give liquidity to DEX. This region has more than half of the world's population with internet access and at most will have 13 notary nodes.
I am very interested in the project and move on.
I deploy 4 high performance Nodes .I have participated in all ratify, my nodes are part of the first 35 notaries.
Mined near to 50000 KMDS . +1500 notarization.
AE Node Russia Briansk (notarization)
https://www.blocktrail.com/BTC/address/171ERtCXZha6huG6CneqqXBbNhng57Dnb6/transactions
EU Node Spain Barcelona (notarization)
https://www.blocktrail.com/BTC/address/1KerrCALfkMD4KyPrkkzdgqjaNRSSpCvgX/transactions
NA Node USA Kansas City (notarization)
https://www.blocktrail.com/BTC/address/1GNidEB31ZYUB5LTCmU4R8f1sMJHoEXJRV/transactions
SH Node South Africa Johannesburg (notarization)
https://www.blocktrail.com/BTC/address/1B5ZUUjUXt4MkBUQNgqTzf5S52cMZPVNb/transactions
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SeedNotary . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
https://www.komodoelection.com/candidates/titomane
Wallets KMD TestNet
EU "Spain" Barcelona
http://kpx.io/accounts/RTw3vi3dGa9n8LLbKvk7jDAwLdt3A5ET7a
NA "USA" Kansas
http://kpx.io/accounts/RQeuhk4KcPM3F5hefwTBWezDdcktSGQQSq
AE "Russia" Briansk
http://kpx.io/accounts/RFHRWQ5pAXNfmudHfxdxw3Wo8yFGoeDn6z
SH "South Africa" Johanesgurg
https://kpx.io/accounts/R9TGdzN25MgdRkYfsYfxZWzHCLVCyWFAei
I hope your support
Thank you
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
Most of the 33 candidates are running nodes in more than one region. So we have enough nodes. I myself am running only one node, for example. But I am the exception.
Gotcha. I'm still just having trouble grasping why there might need to be such a big cut down on the number of elected individuals as KomodoPlatform mentioned. Especially when the number of candidates is significantly less than the number of available spots. And as you mentioned, some individual candidates are even running nodes in different regions to have those regions covered.
There are currently more nodes than spots. www.komodoelection.com/regions/
Each operator can configure 1 node per region. Then they will be elected in the voting. Deadline ended weeks ago. Regions with more than 16 nodes EU & NA
www.komodoelection.com/candidates/titomane/
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
Hello
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
In the region that Im elected I will actively participate to resolve doubts or help in whatever is needed. Not 24/7 Im not komodo team member
I will advertise (signature profile etc..) the project by crypto forums of that region. Translated by natives of those countries.I will not spend money. Spend my time is value too
If I am elected in 2 or more regions. As soon as DEX is operative I will send messages everyday 4-5 times at trollbox of 40 exchanges with more volume. https://www.cryptocoincharts.info/markets/info
In addition if I am elected in the 4 regions I will mount an LP Node in Asia, without charge to the platform. To give liquidity to DEX. This region has more than half of the world's population with internet access and at most will have 13 notary nodes.
I am very interested in the project and move on.
I deploy 4 high performance Nodes . Mined more than 46000 KMDS .
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SeedNotary . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
I hope your votes
https://www.komodoelection.com/candidates/titomane
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
In the region that Im elected I will actively participate to resolve doubts or help in whatever is needed. Not 24/7 Im not komodo team member
I will advertise (signature profile etc..) the project by crypto forums of that region. Translated by natives of those countries.I will not spend money. Spend my time is value too
If I am elected in 2 or more regions. As soon as DEX is operative I will send messages everyday 4-5 times at trollbox of 40 exchanges with more volume. https://www.cryptocoincharts.info/markets/info
In addition if I am elected in the 4 regions I will mount an LP Node in Asia, without charge to the platform. To give liquidity to DEX. This region has more than half of the world's population with internet access and at most will have 13 notary nodes.
I am very interested in the project and move on.
I deploy 4 high performance Nodes . Mined more than 46000 KMDS .
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SeedNotary . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
I hope your votes
https://www.komodoelection.com/candidates/titomane
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
Hello
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
Electoral promises
In the region that Im elected I will actively participate to resolve doubts or help in whatever is needed. Not 24/7 Im not komodo team member
I will advertise (signature profile etc..) the project by crypto forums of that region. Translated by natives of those countries.I will not spend money. Spend my time is money too
If I am elected in 2 or more regions. As soon as DEX this operative I will send messages everyday 4-5 times at trollbox of 40 exchanges with more volume. http://Https://www.cryptocoincharts.info/markets/info
In addition if I am elected in the 4 regions I will mount an LP Node in Asia, without charge to the platform. To give liquidity to DEX. This region has more than half of the world's population with internet access and at most will have 13 notary nodes.
I am very interested in the project and move on.
I deploy 4 high performance Nodes . Mined more than 44000 KMDS .
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SEEDNOTARY . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
https://www.komodoelection.com/candidates/titomane
I hope your support
Thank you
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
Electoral promises
In the region that Im elected I will actively participate to resolve doubts or help in whatever is needed. Not 24/7 Im not komodo team member
I will advertise (signature profile etc..) the project by crypto forums of that region. Translated by natives of those countries.I will not spend money. Spend my time is money too
If I am elected in 2 or more regions. As soon as DEX this operative I will send messages everyday 4-5 times at trollbox of 40 exchanges with more volume. http://Https://www.cryptocoincharts.info/markets/info
In addition if I am elected in the 4 regions I will mount an LP Node in Asia, without charge to the platform. To give liquidity to DEX. This region has more than half of the world's population with internet access and at most will have 13 notary nodes.
I am very interested in the project and move on.
I deploy 4 high performance Nodes . Mined more than 44000 KMDS .
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SEEDNOTARY . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
https://www.komodoelection.com/candidates/titomane
I hope your support
Thank you
Glad to report that my withdrawal issue has been resolved. Jani was very helpful. Only wish the help had come sooner. Iconomi is NOT a scam.
I was thinking of blowing out my position but might just hold on it to now that the problem is fixed.
For everyone that attempted to help me in this forum, a big thank you.
For everybody who called me a troll, fu.
I was thinking of blowing out my position but might just hold on it to now that the problem is fixed.
For everyone that attempted to help me in this forum, a big thank you.
For everybody who called me a troll, fu.
Do not worry, after spamming several pages many will have ignored. Remember to inform the SEC that it was all a false alarm.
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
Hello
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
I am very interested in the project and move on.
I deploy 4 high performance Nodes . Mined more than 42000 KMDS .
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are at datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SeedNotary . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
https://www.komodoelection.com/candidates/titomane
I'm a technician 14 years ago
I am in the world of cryptocurrencies since 2012 with my first FPGAs and GPUs. After I invested in Swedish ASIC. Until I get tired a little of the arms race.
If we want world adoption we need worldwide network. Diversity in the locations , will offer better service around the world.
I am very interested in the project and move on.
I deploy 4 high performance Nodes . Mined more than 42000 KMDS .
These nodes are online 24/7. Joined to testnet first days. Updated 2 times a day.
I dont use obsolete & cheap hardware. My oldest hardware since 2014.
Nodes are at datacenter tier 3 less than 2 hours degraded service annual & tier 4 less than 1 hours degraded service annual
2 of these nodes have a 1Gbit WAN bandwidth unmetered they Are SeedNotary . These will hardly be saturated by downloads or conections.
My nodes aren't located in the same cities as the majority at cheapest providers .
If we want an equal service for anyone in the world. (Latency, download, etc ...). We need a balanced network. A network with high percentage of its nodes in the same cities, isn't balanced.
https://www.komodoelection.com/candidates/titomane
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
I invested 0.5btc in ico and got 3852 KMD. But i could have just bought 0.5btc worth of btcd and got 5500 KMD?
I didn't check the numbers, but yes, given the price range of BTCD before, during and after the ICO (now), it was/is the best option for small to medium investments.
If you had invested the first day. You would have 4800
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now.
Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution.
The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy.
It's not perfect, but the best solution we came up with.
One last query
Why do you rate kmd in 0 $?
I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0
Thanks
You are misunderstanding something. We don't value KMD as $0.
In the example used it seems
https://bitcointalk.org/index.php?topic=1605144.msg16985638#msg16985638
4000$ is 800%
100% is 500$
You are rating kmd 0
If you value KMD price ico. 100% subsidy is not 500 $ is 300$ more or less.
As it says pondsea.
Look at "The Guaranteed Subsidy" section in the same post.
In the example 100% subsidy is equivalent to subtract 500 $ from the reserve by region. This will only happen if KMD is 0. Why?
If there are only 8 Nodes with 100% in 1 region and KMD is at ICO price, only $ 2400 not 4000 will be paid.
I'm wrong?
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now.
Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution.
The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy.
It's not perfect, but the best solution we came up with.
One last query
Why do you rate kmd in 0 $?
I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0
Thanks
You are misunderstanding something. We don't value KMD as $0.
In the example used it seems
https://bitcointalk.org/index.php?topic=1605144.msg16985638#msg16985638
4000$ is 800%
100% is 500$
You are rating kmd 0
If you value KMD price ico. 100% subsidy is not 500 $ is 300$ more or less.
As it says pondsea.
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Ok, I understand now.
Unfortunately that's the situation if the notary node wants our guaranteed subsidy. There's no perfect solution.
The notary nodes need to think hard where they set the required subsidy. If they set it to 100%, then in other words they say that they are not willing to take the financial risk and cannot operate the node with just 90% subsidy.
It's not perfect, but the best solution we came up with.
One last query
Why do you rate kmd in 0 $?
I think KMD should value the ICO price.You really believe that Komodo can be worth $ 0
Thanks
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
Votes do matter. In some cases a notary node might cost $300 - 500 / month, and those could not be set up without winning a spot with 80-100 % subsidy.
Also some nodes won't get elected even if they need only 0 % subsidy, because we have a maximum number of 16 notary nodes per region. Right now there are 20 notary node participants in EU region and 21 notary node participants in NA region. If you don't get enough votes, you won't get elected.
In these first elections when Komodo is quite unknown and there is a lot of uncertainty the elections are not that big of a thing. Majority of the participants will get elected. However, if the KMD price rises above $0.25 the situation will be very different. Thus there might be a lot of competition in the future elections, and a lot more campaigning done by the notary node candidates.
I come to understand what he says.
But with his idea of elections
A much more obvious example.
90% subsidy remaining after the 7th node.
8th node 420000 votes 100% subsidy
9th node 39000 votes 90% subsidy
Winner on 9th when he does not have 10% of votes than 8th. The subsidy becomes the most important point.
This seems very unfair neither democratic to me.
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks
We simply guarantee a subsidy for the notary node, so that they stay in operation. Without a guaranteed income we could lose notary nodes if the KMD block reward would not be enough to cover their expenses. $500 is enough to cover all the expenses.
We discussed this in Slack, see: http://sprnt.slackarchive.io/elections/
I'm a bit unsure what you are asking, but
You can vote with your coins and get the good/stable notary node operators elected. You won't directly gain anything from the voting process itself.
In the example that you put:
https://bitcointalk.org/index.php?topic=1605144.msg16985638#msg16985638
Mike has more votes but the elected is Tom.
How does that explain?
Because with that same format
for example: Only 10% of subsidy remains after 8 nodes.
9th 100 votes 60% subsidy
10th 90 votes 78% subsidy
11th 81 votes 90% subsidy
12th 70 votes 15% subsidy
13th 1 votes 0-10% subsidy
13th node is elected. I think votes are not worth anything.
Re: [ANN][KMD][dPoW] Komodo ICO - Zcash Zero Knowledge Privacy Secured by Bitcoin
Notary Node Election Details
We will use the ICO funds to guarantee a certain payment for the notary node operators. In this way we will ensure that we will have quality notary nodes and our network is reliable.
There will be 32 - 64 notary nodes. We will ensure funding for at least 32 notary nodes, but there could be up to 64. Each region has its own election and its own budget, thus each region will have at least 8 notary nodes and an equivalent budget.
Each notary node candidate can decide themselves how much guaranteed subsidy they require to run a node. They are able to set this figure for each node they operate, and it can be anything between 0 and 100 %. The full 100% subsidy means that they need a guaranteed payment of $500/month.
The total guaranteed amount is $16,000 per month, or $4,000 per month per region. In other words we could say the total guaranteed amount is 3200 %, or 800 % per region.
Each candidate must publicly announce the subsidy required, and that may affect how people vote. Who ever gets the most votes wins the election and is guaranteed to be able to run a node. The subsidy percentage they require is subtracted from the total budget, which is 800 % for each region. This process will continue until all subsidy is gone. The end result is at least 8 nodes per region, but probably more as some candidates won't need a full 100% subsidy.
An example
Region A has 6 candidates with 400 % subsidy. [for simplicity, but we will have 800 % subsidy]
After election we count the votes, and the result is as follows:
1. Alice - 211 votes (subsidy: 100%)
2. Bob - 190 votes (subsidy: 100%)
3. Charley - 187 votes (subsidy: 50%)
4. Dan - 122 votes (subsidy: 75%)
5. Mike - 88 votes (subsidy: 90% )
6. Tom - 51 votes (subsidy: 50% )
-> Alice is the winner, and gets elected, 300% subsidy left
-> Bob finished second, and gets elected, 200% subsidy left
-> Charley gets elected, 150% subsidy left
-> Dan gets elected, 75% subsidy left
-> Mike does not get elected, not enough budget
-> Tom gets elected, 25% subsidy left
Region A ended up with 5 notary nodes, and 25% subsidy was left over.
At the end those left over subsidies are combined from all 4 regions, and another notary node is elected - if the total subsidy is enough.
The Guaranteed Subsidy
A 100% subsidy means that with the ICO funds we will guarantee an income of $500/month. However, it is possible that we won't have to pay anything if the mining revenue is more than $500/month.
There will be 1440 new block each day, and each block has a 3 KMD block reward, which means there will be a 4320 KMD income per day.
With 64 notary nodes each would receive 4320/64 = 67.5 KMD/day -> 2025 KMD/month [Note that possibly we won't get 64 notary nodes, which would mean more income per node]
With the current exchange rate of 0.00012909 BTC/KMD the notary node would get 0.26 BTC/month = $190/month.
-> thus we would pay the node $310 in BTC, so that their total income is $500/month.
When KMD price goes over $0.25 dollars we don't have to pay any subsidy.
We will use the ICO funds to guarantee a certain payment for the notary node operators. In this way we will ensure that we will have quality notary nodes and our network is reliable.
There will be 32 - 64 notary nodes. We will ensure funding for at least 32 notary nodes, but there could be up to 64. Each region has its own election and its own budget, thus each region will have at least 8 notary nodes and an equivalent budget.
Each notary node candidate can decide themselves how much guaranteed subsidy they require to run a node. They are able to set this figure for each node they operate, and it can be anything between 0 and 100 %. The full 100% subsidy means that they need a guaranteed payment of $500/month.
The total guaranteed amount is $16,000 per month, or $4,000 per month per region. In other words we could say the total guaranteed amount is 3200 %, or 800 % per region.
Each candidate must publicly announce the subsidy required, and that may affect how people vote. Who ever gets the most votes wins the election and is guaranteed to be able to run a node. The subsidy percentage they require is subtracted from the total budget, which is 800 % for each region. This process will continue until all subsidy is gone. The end result is at least 8 nodes per region, but probably more as some candidates won't need a full 100% subsidy.
An example
Region A has 6 candidates with 400 % subsidy. [for simplicity, but we will have 800 % subsidy]
After election we count the votes, and the result is as follows:
1. Alice - 211 votes (subsidy: 100%)
2. Bob - 190 votes (subsidy: 100%)
3. Charley - 187 votes (subsidy: 50%)
4. Dan - 122 votes (subsidy: 75%)
5. Mike - 88 votes (subsidy: 90% )
6. Tom - 51 votes (subsidy: 50% )
-> Alice is the winner, and gets elected, 300% subsidy left
-> Bob finished second, and gets elected, 200% subsidy left
-> Charley gets elected, 150% subsidy left
-> Dan gets elected, 75% subsidy left
-> Mike does not get elected, not enough budget
-> Tom gets elected, 25% subsidy left
Region A ended up with 5 notary nodes, and 25% subsidy was left over.
At the end those left over subsidies are combined from all 4 regions, and another notary node is elected - if the total subsidy is enough.
The Guaranteed Subsidy
A 100% subsidy means that with the ICO funds we will guarantee an income of $500/month. However, it is possible that we won't have to pay anything if the mining revenue is more than $500/month.
There will be 1440 new block each day, and each block has a 3 KMD block reward, which means there will be a 4320 KMD income per day.
With 64 notary nodes each would receive 4320/64 = 67.5 KMD/day -> 2025 KMD/month [Note that possibly we won't get 64 notary nodes, which would mean more income per node]
With the current exchange rate of 0.00012909 BTC/KMD the notary node would get 0.26 BTC/month = $190/month.
-> thus we would pay the node $310 in BTC, so that their total income is $500/month.
When KMD price goes over $0.25 dollars we don't have to pay any subsidy.
Before we start we value KMD at 0 $.
Good image for investors before the delivery of KMD valued at 0 $.
At a minimum, these KMDs should be valued at the price of ICO. 100% subsidy does not mean $ 500 spending.
1btc = 10000 KMD ICO price use this for elections too
Thanks