Vps Mining SmartCash SMART
We have launched a 0% Fee Mining Pool at pool.smartcash.cc! What is SmartCash? SmartCash is a community governance, cooperation & growth focused blockchain based currency & economy.
In a traditional crypto currencies such as Bitcoin, the block reward was intended for the miners. But with SmartCash we have turned this upside down, and will be using 70% of the block reward to fund not only the community projects, but also the growth & development of SmartCash. With SmartCash we have placed a huge focus on the community.
We highly encourage anyone with the skills to help grow SmartCash to get involved in the community and bring your best creative ideas with you. Resources • • • • • Wallets • • • • • • Get Involved • • • • • • Smarthive • • • • Exchanges • • • • • • Mining • • • •.
There are many ways to obtain cryptocurrency. Today, you can buy your beloved coins on many exchanges, some of them are even on decentralised P2P platforms. You can use your PC ‘s resources to mine some exotic super -cheap coins with your CPU ’s power, use your HDD ’s space or even build a mining rig with 19 GPUs. Furthermore, you can invest in an ASIC miner which is customised for mining a specific algorithm.
In these post I would like answer the following question about SmartCash CPU mining. Σ49.99 SMART has been withdrawn from your account to. Guide to Creating a SmartCash SmartNode VPS in 10 Minutes with. Create your 10000 SMART transactions that are required to be able to generate unique transaction.
After you purchase or mine your coins you keep them in a hardware wallet like Ledger Nano or Trezor and watch how they appreciate in value or you let them work for you with the MasterNode. It is never too late to hop on the cryptocurrency train and surely, there are many doors yet to be opened. MasterNode Dash was the first cryptocurrency that incentivised coin holders with the idea of the MasterNode (MN). The MN operator helps to validate the superfast transactions (InstantPay) and provides the anonymity for the coins on the network.
Unlike Bitcoin and many Proof of Work (PoW) blockchain nodes, owners of a Dash MasterNode will receive financial compensation for their services. The superfast transactions take seconds to be validated. It’s not hard to imagine a cryptocurrency adoption by your local merchants with InstanPay in place. On top of it MasterNodes are a part of the decentralised governance system where each has a right to vote for he projects submitted by the members of the community. In order to run the node you need to lock a number of coins in the wallet and maintain a near perfect uptime. In return you participate in coin production rewards like the miners do.
You need a static IP address on the machine at home or virtual server rented online. According to coinmarketcap there are Dash coins in circulation. Today Dash network consists of more than ~4600 active MasterNodes (Nov 2017) that is equivalent to 4.6 mln coins locked, almost 60% coins stay out of touch! With the increasing demand due to adoption and a significant percentage of coins locked in the wallets, only in 2017, Dash went from 11 USD (0.0116 BTC) to 630 USD (0.0637 BTC) and the sky is the limit!
From ~1000 active MasterNodes in December 2014, to ~2500 MN in June 2015, followed by 40% increase 4 months later to ~3300 MN. The ROI on MasterNodes seems slowly decreasing over time due to a number of nodes joining the network, but it is compensated by the continuously rising value of the coin. In POW mining the difficulty is rising but the cost of the miner does not change much. Many can afford to buy a miner. Today the value of one Dash node is equal to ~630K USD!
Buy a node today to become a millionaire in a few years time! Mine enough coins to become a MasterNode operator. The MasterNode idea was widely embraced by many other crypto projects. See a table below (data from 24.11.17) with coins that already have got the MasterNodes implemented and actively running. Create A ZenCash ZEN Miner. Take a note of each node’s value in the last column: Data source: A Strategy Rather than mining/buying the coins listed above, consider focusing on coins that have got MasterNodes on their roadmaps but are not activated yet. MN take many coins out of exchanges (being locked in the wallets) and that scarcity on the markets pushes the price up. A successful MN implementation means a significant network improvement that allows for fast transactions and advanced community governance.
Buy the coins now at low price before the masternodes are activated and potential MN investors start loading their bags. The Community SmartCash — is a one of most intriguing crypto-social experiments these days. It is a community focused cryptocurrency, with advanced governance and decentralised economy.
One of over 10 coins that will begin using masternodes in the near future. What differentiates this project from many others is the SmartHive, which at the moment translates to 80% of the block reward allocated to the Community fund. Yes, 80% of coins produced every 55 seconds. That generous approach is rising the bar very high, making it impossible to compete for dinosaurs like Bitcoin, Litecoin or Monero where 100% block reward is reserved to the miners. In smartCash 5% goes to miners and 15% is left to be shared between long term holders keeping their coins untouched inside their wallets for 30 days, this is called: SmartReward. In recent months Bitcoin Cash and Litecoin supporters have created funds for development since a widely discussed Dash appearance in media started to disturb many members of the crypto-community.
Many noticed a correlation between the price and auto-funding hardcoded into blockchain. That famous 10% in Dash still cannot compete with SmartCash 80% reward though! SmartCash is currently sitting on a pile of crypto worth millions of dollars that incentives the community across the Earth to push the development and increase the awareness. SmartNode The MasterNode in SmartCash ecosystem is called SmartNode (SN). You will need 10 000 coins to run each SN. It’s not set in stone yet but the reward for SN work will more likely come from slightly reduced 80% block reward.
SmartCash Parameters • Coins per Block: 5000 coins (with gradual reduction per equation below) • Blocktime: 55 seconds • Maximum supply: 5,000,000,000 • Blocksize: 1 MB (to be changed to Adaptive Blocks) • Algorithm: Keccak • Difficulty Management: BRNDF Block reward split: 20% Miners/SmartRewards 80% SmartHive/HiveTeams 1 SmartCash coin that means each SmartNode costs 500 USD. Those coins are to be locked for operational time on your SN. During the November 2017 hype, SmartCash reached 16 cents on Cryptopia, that alone means a potential x3 rise in the near future from the current price!
Smart-Nodes payout on a calculated block. The calculation to decide this block is (Number of SmartNodes x 9.5) A SN operator earns node rewards plus SmartRewards. The SmartRewards are calculated on the initial 10,000 Smart Cash collateral. SmartCash may have too high coin supply to ever reach the price levels of Bitcoin, Ethereum or Dash but SmartCash is focusing more on community based governance and privacy. SmartNodes will be coming to SmartCash around 25th December, 2017.
If you would like to learn more about SmartCash please visit In order to run the node without any disruption you may consider setting it up on a Virtual Private Server (VPS) that you can rent for as low as $5 per month from places like,, and. Static IP address, 20 GB storage for blockchain data, 2GB RAM at least will set you back with a few quid per month only. Read the guide.
There is very good on their website. I’m sure you will see in the coming weeks plenty of detailed instructions on how to setup a SmartNode.
In the meantime for more technical details including Linux command line, please follow the link to the blog of Rolf Versluis, a co-founder and technical operations manager of the privacy oriented cryptocurrency ZenCash: Here is a brilliant source for Dash masternode: A long list of MasterNode coins: Date of publication: Mon, - 21:09 Link: Click on the link - it will be copied to clipboard Source. Risk Disclosure: coin5s.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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