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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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19869745 No.19869745 [Reply] [Original]

>> No.19870141

unite

>> No.19870286

We moonin

>> No.19870344

darknode + massive LINK bag = ultimate /comfy/

>> No.19870368

>>19870344
>green id
>dubs
kek agrees

>> No.19870753

Too poor for a darknode, but I will def sell my bag to someone that wants one

>> No.19870778

>>19870344
>>19870368
So it begins...

>> No.19870810

I love you ren

>> No.19870943

x100 this year

>> No.19870968

When do the next lot of nodes get locked in? This week isn’t it??

>> No.19871034

>>19870968
6 days till next epoch.125 new nodes are scheduled, but till end of the week, it probably is going to be a lot more.

IDK about you, but it feels like making it. It's just $12m in total volume since main-net, but shit is going through the roof.

>> No.19871099

>>19871034
Thanks mate I’m at work couldn’t check will set my 2 up on Saturday then!

This is absolutely the moon shoot now

>> No.19871325

>>19871034
People have been playing with yield farming. I guarantee darknode # jumps the day before the next epoch, so everyone can collect fees

>> No.19871385

>>19870943
Easily

>> No.19871772

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>> No.19871999

I'm not going to make it to 100k before I'm priced out. Kill me

>> No.19872003

This thread should be bumping like crazy. Price is going bonkers

>> No.19872116

>>19871999
Hoping for a brief pullback for you bruv

>> No.19872177

Why is the catalog filled with shitcoins right now

>> No.19872193

>>19869745
Fuck this gay shit, buy $Stonks instead. Pump my bags, faggots! Let's goooo!

>> No.19872247
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19872247

>>19869745
I gave up a few days ago. I have 20k. At least I'll ride the wave

>> No.19872250

ren is the next link

>> No.19872271

>>19869745
>>19870344
can anyone clearly explain the rewards for dark nodes? Are the entire months earnings distributed every month?

>> No.19872323

>>19872250
I’ve heard that a couple times today

>> No.19872340

The only rules of fee payments are:

1. All fees earned go into the “unpaid pool of rewards” at the exact moment the fee is incurred (the exact transaction that mints/burns sends the appropriate fee to the “unpaid pool of rewards”).

2. At the end of an epoch, 50% of the unpaid pool of rewards is paid out evenly to all Darknodes that are still registered an active.
I think an epoch is 30 days

>> No.19872453
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19872453

>>19872340
Got you every month half of earnings pool paid out to dark nodes. This has potential to snowball beautifully

>> No.19872556

>>19872453
Also, fees adjust based on keeping Ren over-collateralized. After mainnet zero, if amount of bitcoin locked in Ren approaches the amount of Ren bonded , fees go up

>> No.19872647
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19872647

>tfw when BigDick id and three node master race

>> No.19872707

>>19872647
Jelly

>> No.19872992

>>19872271
Earnings are divided in half. The first half is distributed for the current epoc, and the other half rolls over to the pool for the next epoch. So this month so far we have close to 13k so far in gained fees. 6.5k are paid to all nodes at the end of this epoch and the rest 6.5k + half of next month's fees are paid next epoch. Epochs are once a month.

>> No.19873008
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19873008

>>19870368
What a faggot

>> No.19873219

>>19872992
So much volume

>> No.19873263
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19873263

>>19872556
>>19872707
any opinion on the continuance fee? also don't be jelly m8 I live like a pauper, 95% of my net worth in is crypto with no gains realized yet I would advise you to stack link, pnk, ren and lend, xmr immediately.

>>19872992
appreciate it

>> No.19873757

>>19873263
I think it’s a measure of last resort. If people don’t like it they can swap to wbtc of the other btc variants. There will always be arbitrage opportunities and Ren still gets a cut of the volume so not really a concern

>> No.19874206

>>19873008
Meanie

>> No.19875257

bump

>> No.19876262

I figure we should make about $250 next month.

>> No.19877237

how much for a darknode?

>> No.19877353

>>19870943
Easily, and here's why: https://cryptokek.com/ren-protocol-one-hell-of-a-bridge/

>> No.19877767
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19877767

Memes aside, where will it be eoy?

>> No.19877852

>>19877237
1.5 BTC

>> No.19877973

>>19877767
Unironically 100x. The supply shock is already starting as people pull their REN off of exchanges and start staking. Look how many people itt are already priced out of having a node.
https://mainnet.renproject.io/darknodes
We know at least 1.25m additional REN will be locked in darknodes in the next epoch, and everyone can see that number rising daily. That's 7% of REN locked up in the first epoch. By epoch 3 we will see >30% of REN locked in nodes, and there won't be much left on exchanges to buy.
$10 EOY, cap this.