Author [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] [EN] [ZH] [ES] [PT] [IT] [DE] [FR] [NL] [TR] [SR] [AR] [RU] Topic: Should I start a delegate?  (Read 685 times)

0 Members and 1 Guest are viewing this topic.

merockstar

  • Guest
Should I start a delegate?
« on: November 11, 2014, 12:40:22 PM »

I love the idea of running a delegate, and I've been thinking about renting a VPN and taking a crack at it for a long time. I can't help but notice there are still a few init delegates signing blocks.

I'm not a programmer, but I should be able to compile the program and run it correctly (maybe with a little help if I hit a snag)

But not being the most knowledgeable, I'm still a little self conscious.

How much should a 3% payrate yield on average right now? Be blunt with me people, should I take a crack at this, or leave it to the experts?

Offline Riverhead

Re: Should I start a delegate?
« Reply #1 on: November 11, 2014, 01:20:16 PM »
There's no reason you shouldn't campaign a delegate. You are a well known and trusted supporter of BTS. The technical bits for the running of a delegate are not very hard at all and there are plenty of folks here that will be glad to help you.


The hard part though isn't running a delegate on a VPS but getting voted in. For about $10-$20/month you can setup a delegate and start advertising it. 3% pay right now yields about $2/month. After the fork 3% will yield about 1.5 BTS/Block or about $70/m at the current price of $0.02USD/BTS.


I say go for it. What do you have to lose?

Offline xeroc

  • Board Moderator
  • Hero Member
  • *****
  • Posts: 12324
  • ChainSquad GmbH
    • View Profile
    • ChainSquad GmbH
  • BTS: xeroc
  • GitHub: xeroc
Re: Should I start a delegate?
« Reply #2 on: November 11, 2014, 01:31:09 PM »
I say go for it. What do you have to lose?
+5%

delegate registration fees is also well below 1$ ..
Give BitShares a try! Use the http://testnet.bitshares.eu provided by http://bitshares.eu powered by ChainSquad GmbH

merockstar

  • Guest
Re: Should I start a delegate?
« Reply #3 on: November 11, 2014, 01:34:16 PM »
thanks for the input guys. I think I'm gonna take a crack at it.

merockstar

  • Guest
Re: Should I start a delegate?
« Reply #4 on: November 12, 2014, 01:38:42 AM »
started looking into it more.

it seems that when I plan on registering the delegate i'll have my choice of pay rate.

What's an acceptable, appropriate pay-rate for a delegate wanting to compensate himself a little bit, and burn the rest? I'm guessing 3% since the reset is putting all the current delegates there?

I want to set my pay rate for myself as if I don't plan to do much else as a delegate other than sign blocks and burn bitshares.

Offline puppies

Re: Should I start a delegate?
« Reply #5 on: November 12, 2014, 03:37:05 AM »
started looking into it more.

it seems that when I plan on registering the delegate i'll have my choice of pay rate.

What's an acceptable, appropriate pay-rate for a delegate wanting to compensate himself a little bit, and burn the rest? I'm guessing 3% since the reset is putting all the current delegates there?

I want to set my pay rate for myself as if I don't plan to do much else as a delegate other than sign blocks and burn bitshares.

Pre hard fork I would suggest 50-80%. Post fork 3% should be fine.  I'm not sure if it's still required but many of us also run seed nodes which adds a bit to the total cost.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

 

Google+