The 2000 Hive Power is because you will need the resource credits that amount gives you to be able to run the witness node. People forget, Hive Power is what runs the network, not second layer tokens.
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The 2000 Hive Power is because you will need the resource credits that amount gives you to be able to run the witness node. People forget, Hive Power is what runs the network, not second layer tokens.
What I read was a bit confusing though. It said, if I remember correctly, 2k HIVE Power, liquid Hive. Something like that.
Does that mean the Hive power should be my own and not delegated and nor from a delegator?
It is 2000 Liquid Hive locked in VSC. You should also have a minimum of 100HP on Hive for RCs. However, for the first few days the 2000 Hive requirement won't be enforced until most nodes have staked the minimum amount.
No, you need Hive Power, not liquid Hive. I am sure it can be delegated from another account, but it's better if you just buy the HP and stake it up yourself, because if not, you would have to use a leasing market and pay people for their delegation, which would probably just end up costing you more than it's worth to just buy your own Hive and stake it up. It's a good time to stack up, only .23 per Hive!
I am apparently wrong on this, it is liquid Hive that has to be locked up. I am not a fan of that setup at all.
Tbh that confused me too. Seemed more logical the way you described it at first.
But maybe (this is a long shot) the liquid Hive that has to be locked up is the same as staking when it's on vsc.
Incorrect, it is liquid Hive that is bonded to your node to participate in consensus. This won't be enforced for the next few days, but it is recommended to accumulate 2000 Hive and lock it in VSC shortly after mainnet is launched.
Seems like a weird way to go about it, but okay, if that's what it is. So basically you are locking up 2000 HP that can only be used for that node, nothing else?
Correct, it is required for consensus security, otherwise we'd have to have a L2 token which I want to avoid
Ah, well that puts things in a different perspective for us. Not sure I want to lock up nearly $500 worth of Hive up just to run a second layer node on top of having to purchase a machine to run it. I was under the impression it was going to be Hive power that was powering it, not liquid Hive, because he have delegation to cover that.
Totally understood. Renting a machine is the best option and very cheap for only like $20USD/Month