SmartNodes 1.1.0 go live last Janaury 11, 2018 after a long wait. But most of lucky SmartNodes operators have some unanswer questions. And those questions are the following;
- At what interval does the SmartNodes start giving dividends to masternodes operator?
- And as a lucky operator how much will I receive?
Cames accross https://forum.smartcash.cc/ and found one good explanation read exactly as follows;
When does the node start giving rewards? (at what interval?)
==> Start from block 300K
nodecount*1 = frequency in blocks. So 3300 nodes would give each smartnode a payout every 3300 blocks
(which would be every other day. we do roughly 1570 blocks daily)
How much will we receive?
==> 10% block reward / nodecount
What is a SmartNode 1.1.0?
SmartNode 1.1.0 also known as SmartCash masternodes. It will help to validate the SmartCash InstantPay transactions and provides the anonymity for the coins on the network. And it only take a second to validate an InstantPay transactions. So the SmartCash adoption by local merchants is now in reality.
To become a illegible SmartNode operator you need to lock a minimum of 10,000 SmartCash in the wallet, 20GB storage, a minimum of 1GB RAM, static IP address and maintain a near perfect uptime. MasterNodes needs to be online and stable 24/7 to accomplish what they are meant to do for the network. In return you will receive SmartRewards.
Where I can setup SmartNode?
Running SmartNode at home is possible but more costly than to rent out a dedicated server.
Where to rent out a dedicated server?
There are tons of VPS to choose from but base on my experience as masternode operator and witness Privex, Digital Ocean and Vultr are the most reliable dedicated server I ever tried. It's easy-to-deploy and resizable SSD-based virtual machines that are billed monthly. Privex Inc, Digital Ocean and Vultr offer the right amount of RAM, CPU, and local storage space. The best part, Privex Inc is accepting SBD and STEEM as mode of payment.
For those who doesn't aware "what SmartCash is" I once again past my expalaination what these project is.
What is SmartCash?
SmartCash is a fork of Zcoin project, with some feature like with the found on Dash (such as privacy and quick transactions) that comes with unique twists (renew). It also implemented it's very own masternodes which is called the smartnodes.
Like BTC, SmartCash is an open-source project with it's own blockchain, wallet, and active community. However, unlike Bitcoin and other old project, SmartCash don't want to neglect it's member. Beside, it's a community-centric digital currency where in 80% of the block goes to the project propose by the community, 15% goes to SmartRewards, and the remaining 5% goes to the miner.
What is SmartRewards.
SmartRewards is the golden opportunity open for everyone! This features, dont require it's member to “stake” there coins to receive SmartRewards. Instead, user's simply hold at least 1000 SmartCash to there wallet to earn from the SmartRewards monthly over and over again, lifetime until the last drop of SmartCash! 15% of the block reward monthly has been allocated to fund SmartRewards.
Members are not required to go online, or spend some SmartCash from time to time. The best part even your paper or brain wallet address is accumulating more precious SmartCash monthly.
When was SmartCash Created?
SmartCash was created a few months by the Hive Team. Who believe that the SmartCash is belong to the people, as every digital currency should. On January 11 2018, the date that marks SmartCash 6 months anniversary.
Where to buy SmartCash
Currently on:stocks.exchange
cryptopia.co.nz
HitBTC
CoinExchange.io
monkeycoin
CryptoBridge
And if you want to learn more amazing things about SmartCash, kindly visit link below;
Website:
https://smartcash.cc/
Official Wallet :
https://smartcash.cc/wallets/
SmartRewards Guide :
https://forum.smartcash.cc/t/smartrewards-guide/125
Mining Pool :
http://pool.smartcash.cc/
Mining Guide :
https://steemit.com/smartcash/@hockleyj/smartcash-mining-on-pool-a-visual-guide-on-how-to-set-it-up
Slack Channel:
https://smartcashinvite.herokuapp.com/
Discord Channel:
https://discordapp.com/invite/BDUh8jr
Good information
@smartbot tip @cloudspyder 20
Σ$$$ Tipped @cloudspyder
Σ20 SMART! Comment@smartbot helpto claim. Currently the price of SmartCash in the market is$1.291 USDperSMART. Current value of the tip is$25.82 USD. To find out more about SmartCash, please visit https://smartcash.cc.Thankyou for this. I set up my masternode yesterday on Vultr VPS and status says its running. Do I have to keep my desktop wallet open to get a payout? and how long to I get my first payout. any help would be much appreciated. Thankyou :)