Hey, BTSX delegates, come here.

[HackFisher]

Whats the reasoning behind not voting for yourself?  or is that only for the GUI.  If so why is that?

Because getting a delegate is now a popularity contest. :)

I see no reason why this shouldn't be allowed. I mean what's preventing one to create a separate wallet and vote for themselves anyways.

Sorry, It's miss leading, I mean if you have a lot of shares, and want to make money by delegate, but you do not have skills(e.g. setting up a vps) and hardware, it's a good strategy to vote for others to get return, not a good idea to be delegate yourself, I think.

[jae208]

If you choose your pay rate to be 85 does that mean the other 15% is paid as dividends?

Has anybody created a step by step guide on how to become a delegate with a vps?


I might just do one myself once I learn how to do it first.


so is it not recommended to be a delegate with the gui?
If so how do you do it otherwise? where do you download the BTSX wallet thats not GUI?

[Xeldal]

My bad, I miss read what you said. Thanks for restating. 

I can only guess that its an issue with the GUI causing delays for producing blocks and therefor not suitable for a delegate?? Not sure how the voting for ones self fits into it though.

I don't think there is any conflict in someone voting for themselves.  It makes perfect sense to me and I expect it.  The larger the stake someone has the more interested they are in maintaining a proper system.  Why would they be expected to put that faith in someone else when they are doing it themselves. 

[bitcoinerS]

How about voting out initial delegates?

[bitcoinba]

This is going to be fun. Reserved.

[bitmeat]

My understanding is because votes are based on stake.  It wouldn't matter how many accounts you have because your total stake, or voting power, would be the same.

You totally missed the point, I didn't imply it's not based on stake:

1) Why shouldn't I be allowed to vote for myself with my own stake?
2) What's preventing me from creating a delegate B) then voting for B) with A) which has the large % stake?! :)

[Xeldal]

Whats the reasoning behind not voting for yourself?  or is that only for the GUI.  If so why is that?

Because getting a delegate is now a popularity contest. :)

I see no reason why this shouldn't be allowed. I mean what's preventing one to create a separate wallet and vote for themselves anyways.

My understanding is because votes are based on stake.  It wouldn't matter how many accounts you have because your total stake, or voting power, would be the same.

[bitmeat]

Whats the reasoning behind not voting for yourself?  or is that only for the GUI.  If so why is that?

Because getting a delegate is now a popularity contest. :)

I see no reason why this shouldn't be allowed. I mean what's preventing one to create a separate wallet and vote for themselves anyways.

[Xeldal]

Whats the reasoning behind not voting for yourself?  or is that only for the GUI.  If so why is that?

[testz]

Here is a very nice guide about how to start as delegate.
https://github.com/BitShares/bitshares_toolkit/wiki/DPOS-Registering-Names-And-Delegates

Don't hurry to be a delegate, have a look at the guides first, it will help you a lot.

First rule: do not run delegate in the GUI and then vote for your self.
Second rule: find and vote in good guys, never approval for those delegate with low reliability and don't produce blocks.
Third rule: do you remember to unlock 999999999 for enough long time before go to bed?

I think this important:
4rd rule: don't forget to change network param, in console type:

Code Select Expand

network_set_advanced_node_parameters {"desired_number_of_connections":50, "maximum_number_of_connections":100}

Update: Another very nice guide https://github.com/BitShares/bitshares_toolkit/wiki/DPOS-initial-delegate-setup
Update: As I found yesterday the most important things for delegate it's to have time synchronized with reliable worldwide ntp, if time of delegate different too much - 99% that delegate will miss the block. Time synchronization become even more important in VM environment, if your delegate works as VM.

[HackFisher]

+5% +5% +5%

Any recommendation for the hardware? or common PC is OK?

I recommend to use a stable VPS, at least 2GB Memory and > 40 GB for now. That would not cost too much, just $20~$40 each month.

You can improve your hardware over time as the requirement changing.

[bitmeat]

Does voting take into account balance of the voter?

[Riverhead]

First rule: do not run delegate in the GUI and then vote for your self.
Second rule: find and vote in good guys, never approval for those delegate with low reliability and don't produce blocks.
Third rule: do you remember to unlock 999999999 for enough long time before go to bed?

Thanks for this. Other than not voting for yourself is there any other reason not to run delegate in the GUI?  I'll be setting up a dedicated Ubuntu headless rig for this once I get it compiled but for now it's just the Windows client.

[bitmeat]

Code Select Expand

wallet_approve_delegate kpd-1


I've been running 24/7 during test net.

[ripplexiaoshan]

wallet_approve_delegate btsx.chinesecommunity true

50% payrate, half of the income will be donated to yinchg monthly, who is managing a donation fund for BTSX promoting in China

The latest promotion event is :

https://bitsharestalk.org/index.php?topic=4744.0