/biz/ - Business & Finance

just tell me how i get from 168 Zen to 500 i cant make it until it blows up

>>9910616

You could try and swing trade (wouldn't advice), historically there has always been a dump during the night. And around this time we start going up. Doesn't always hold true right after a huge pump like we just had, you can try. But 4 secure nodes aren't that bad after the fork.

Per secure node:

ZEN @ 5$ = 18$/month
ZEN @ 10$ = 36$/month
ZEN @ 20$ = 72$/month
ZEN @ 30$ = 108$/month
ZEN @ 40$ = 144$/month
ZEN @ 50$ = 180$/month

https://securenodes.lebre.net/

Still geared towards 95% ROI within a given year over your ZEN.
Not that bad. Especially in case we do rally up beyond 50$.

Or maybe I'll set up a faucet at a later time to help others complete their super nodes.

>>9910694
im not really sure how you come up with these numbers. we have ~12k secure nodes atm and with a 5$ price for a VPS i get a return of 12$/month at the current zen price while you say 18$/month at 5$ per zen

>>9910889
Why should people buy ZEN , if the inflation is this high? What purpose does ZEN fulfill right now that people would buy in so they can dump their bags on them? Tell me.

>>9910889

Its a guesstimate more or less. Because when super nodes come online we may have as much as 50% convert from secure to super nodes. Then you will have only ~6000 secure nodes online. It may be less than 50% but I figured is the fairest estimate you can get at this point. Lets say only 10% convert, then Supernode holders would be pretty damn rich in the first months.

>>9910903
> Why should people buy ZEN , if the inflation is this high?

The inflation is actually very low if you approach it from a demand/supply view: >>9898064 - You are looking at ~300-400 nodes added weekly on average. That's a restriction of 31% of the weekly minted supply. Additionally these nodes go on to capture 20% of the monthly mining from rewards. Node operators will also have much less of a incentive to sell all their rewards like miners do (to cover hardware and electricity costs).

> What purpose does ZEN fulfill right now that people would buy in so they can dump their bags on them?

Please read the previous thread, if only the first and second post.
ZenCash's purpose is to be somewhat of a decentralized financial self sustaining econ-system (or a bootstrap start up nation).
With most coins you follow the greater fools theory of someone buying your bags when your reach your profit goal.
But with ZenCash you are more or less participating in a greater network experiment where ROI is what matters more than the coins price.

>>9910889
I believe those prices are after the fork next month. You should be making $26 per node after VPS fees next month.

>>9911061

Correct, those post-fork rewards.
Here are the current rewards: https://zen.lebre.net

>>9911022
okay lets do a liberal calculation to not understate the payouts here. Even with only 6000 nodes (50% conversion rate to supernodes, which i think is unrealistic but nvm) and no cost for a vps i only get 6.30$ per month per secure node at a price of 5$/zen that is still FAAAR off from your calc.
at 20$ we are looking at 25$ per month...
im not trying to say the payouts are bad or zen sucks im just wondering how you got to these numbers because they are very very far off from what i calculated.
are you lying to us zenanon?!

>>9911074
alright im a brainlet i didnt factor in they are changing the rewards im gonna reevaluate, sorry fren

>>9911097

One supernode at 20$ currently pays 4.60$ at 12000 global nodes at 20$ per ZEN and 8$ in hosting fees (according to: https://zen.lebre.net). With the same stats you are sitting at (see pic). But if nodes would half, it would be 91% ROI and 72$ or actually 64$ after deducting hosting.

https://securenodes.lebre.net

> are you lying to us zenanon?!

No, but math could be off.

>>9911158
i came to roughly the same numbers now, my bad.
this is actually pretty fucking insane.
wil be interesting to see how many people actually will convert to supernodes

>>9911022
Yeah so, why should new people buy the coin? It literally has zero use case, who keep on on buying our staking rewards if the coin itself touted “privacy coin” has no fucking use case and is attacked recently.

>>9911172

> this is actually pretty fucking insane.

It is! And that's only half of it. This is not just some random project, it already has its own investment trust (https://finance.yahoo.com/news/grayscale-announces-new-fund-around-privacy-based-crypto-173601246.html)), where only SEC accredited investors can invest. So you have a legal investment system, where ROI can be almost absolutely guaranteed as long all investors remain rational and don't dump their nodes. Going to be very interesting to see where this goes.

>>9911230

> Yeah so, why should new people buy the coin?
> It literally has zero use case

Why do you store money in your bank?

> who keep on on buying our staking rewards

Why do you put money into your savings account which accrues interest over time?

> “privacy coin”

define offshore banking privacy

> https://www.coindesk.com/digital-currency-group-adds-zcash-offshoot-zencash-crypto-investment-list/


> "There is approximately 10 percent of the world's wealth held in offshore bank accounts," he said after some of the audience members raised their hands, adding:
> "I believe that financial privacy is going to become a really, really important thing not just in emerging markets, but in the U.S. as well."

And then maybe you understand what this about anon.

follow the big money

grayscale's lowest mcap coin is zcash with 800 million

zencash is 77 million

>>9911329

Charles Hoskinson, Roger Ver, IOHK and Coindesk all have a positive relationship (and/or partnerships) with ZenCash as well. Coindesk is owned by DGC & Grayscale and Bitcoin.com shills ZenCash already for a "Nakamoto Consensus" change (wonder if we'll see that on BCash....hmm). There are simply too many big names involved with ZenCash for this not to be something big. And for GBTC/Grayscale to put their reputation and SEC license on the line would also be an unthinkable risk.

>>9910211
You're doing gods work, as a missionary or freedom and privacy.

>>9911269
Fuck anon you're top tier shiller. great job

More:

Take a look at MakerDAO. It is a decentralized structure of smart contracts, representing a leveraged banking lending system. With multi-collateral assets pegged to stable coins (soon). By using the system (once its done), you benefit from the same financial freedom and additional (leverage) benefits, only a very tiny amount of people has. To understand and benefit from MakerDAO you would actively be using/utilizing the system instead of playing the greater fools game with the MKR token.

ZenCash is something similar but on a different note,
a cryptographic econ-system based on structures of traditional finance and economics.

Easier example: P3D is a decentralized representation of a financial Ponzi
We will see much more of these systems pop up.

Trading / Investing in Crypto is only a single aspect of what Cryptocurrency has to bring us.
It just has taken devs so this long to starting gluing things together.

People in the 90's and early 00's already knew Bitcoin was possible, but it took much longer than that.
Szabo was one of those people in first describing "smart contracts" and representing economic structures:

http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart_contracts_2.html


> Digital cash is here today, and many more smart contract mechanisms are being designed. So far the design criteria important for automating contract execution have come from disparate fields like economics and cryptography, with little cross-communication: little awareness of the technology on the one hand, and little awareness of its best business uses other. The idea of smart contracts is to recognize that these efforts are striving after common objectives, which converge on the concept of smart contracts.

> Copyright (c) 1996

>>9911399
just saying you could probably get paid shilling you are making me wet you fucker

>>9911785

Thanks. I wish, I did apply!

>>9910211
>our coin got 51% attacked
>time to start shilling
How jewish are you OP?

>>9912329

it was stupid but not exactly a project harming feature for ZenCash >>9906588

In any case, it only makes ZenCash stronger in the long run:

https://zencash.com/assets/files/A-Penalty-System-for-Delayed-Block-Submission-by-ZenCash.pdf

When SPECTRE?

>>9911269
lol so silbert is gonna take boomer ETF money from his zen fund and run a shitload of supernodes to collect all the block rewards. you know he aint gonna distribute the rewards to the fund

How many of these shitcoins do I need for a supernode

>>9912790

soon I believe, heard something of code already being delivered by IOHK. No sure.

>>9913057
> lol so silbert is gonna take boomer ETF money

I hope he does lol

>>9913104

42 Secure node
500 ZEN Supernode

I <3 you, ZenAnon

>>9910889
Its a lie. Troll shill is just making it up

bump

>>9913649

<3

>>9913710

Anyone can verify the payout amounts themselves, simple math. Don't be mad.

https://zen.lebre.net
https://securenodes.lebre.net
https://supernodes.lebre.net


https://securenodes.na.zensystem.io

> Estimated Earnings (Zen/Node/Day) 0.0208
> Total ZEN Earned 45,000.7967
> Current ZEN Price (USD) $19.13
> Current Worth Paid Out to Date (USD) $860,687.88
> Current Worth All Node Stakes (USD) $9,747,978.39

>>9912790

Recent Live talking about 51% : Q1 2019

>>9914293

You mean the consensus change? I thought it was around the corner relatively fast.

>>9913989


sage

How many secure nodes you running right now, boys? 8 here.

>>9915627

I run 39 now, but on average it seems like most people are running under 10.

>>9910211

Good job pajeet. You are unironically making me want to buy a couple of supernodes. If I were to purchase 7 supernodes / 3500 zen, how much would hosting a supernode cost in comparison to hosting a secure node or are they about the same price per month?

I saw that supernodes had harsher requirements.

>>9916129

np anon! I am not entirely sure on the hosting costs for supernodes. You should ask in Discord, I'll check later for my next thread.I saw some of the spreadsheets list them at 80$-100$+ per node. Due to much higher memory requirements you would need a dedicated server instead of just a VPS (similar as with DASH masternodes). Renting a large server with additional IP's might get you cheaper hosting plan than with 7 servers btw. And at 7 Supernodes I am even jealous, good luck!!

Alright, sleep.

Thanks /biz/'bros, lets do this again soon.
Hope to see many node-bros raking in passive basic income soon.

Sage for shill if the day

>>9916429
You should do one daily.

>>9914645

> the consensus change
this it's part of SPECTRE protocol a blockDAG paradigm instead of blockchain, but it's too hard to implement SPECTRE right now. So they gonna just change the consensus and cross the finger until the Q1 2019 for the full implementation.

do you guys use vultr or something better for secure node hosting?