For your information, I asked my BLS privkeys to AllNodes and I had to wait more than one week and multiple messages to have them.
But, finally, they send them to me and the migration to NodeHub.io was very simple : just the TXID and the BLS key for each node.
Edit : july 30 2024 : since mid-may, so 2.5 months ago, no problem with NodeHub.io and the price is still $0.13 per day, or $3.90 a month (30 days), I created a new Firo masternode a few days ago (my previous masternode wasânt creation but migration) and the initial creation fee was only $ 0.06 (it was $5.00 at AllNodes.com and I think now it is $10.00) !!!
You have to realize euro inflation. Also itâs not allnodes problem that someone or some organisation (mining pool or exchange) is constantly selling firo thus pushing the price down. Itâs a 21mil coin blockchain that has itâs token price equal to some 10billion coin blockchains. Realistically the price should be 50$ or more per coin. Someone is selling too much.
I guess we are all convinced here that Firo is not at its price.
So the question is at what price should Firo be?
$10, $50 $100, more?
Personally, I think in Bitcoin (not $) and ZCoinâs ATH was at 925,000 satoshis⌠Exceeding its ATH would be a legitimate goal, but that seems unrealizable today.
There is only the market to set the price and today this market values ââFiro at less than 2,000 satoshis.
So, yes, there are too many sellers of Firo and not enough buyers.
It is up to everyone to carry the project by limiting their sales and increasing their purchases: it was the meaning of my proposal for a masternode remuneration at 70% of the block reward.
Question is are the nodes truly decentralized or itâs some entities holding most nodes and also systematically selling. We will know in less than 10 days.
Personally itâs the insta-gib spikes of price we are getting randomly that worry me the most. As if someone is trying to induce exit pumps.
I also noticed these violent increases in the price of FIRO, just a few minutes or hours.
This corresponds to purchase orders of several thousand, even tens of thousands of Firo.
I do not know the reality on this subject and my best guess is that, some shared masternode hosts buy the Firo in one go instead of buying them as soon as they reach 1000 Firo, without caring about the price at which they buy the FIRO since they pass this price on to their customers.
But what should worry us more are those who sell continuously.
Well, if the selling intensifies (at these ridiculous prices) my conclusion will be masternodes are selling rewards and ramming the price down all this time. If the price increases then we will know miners were selling mostly.
Since the AllNodesâ prices doubling (Iâm coming back to the topic), there is a new element: those who pay for their hosting with payment solutions that use Firo must sell twice as much Firo. At $1 per Firo, the $10 of hosting at AllNodes corresponds to 80% of the masternodesâ earnings (current distribution at 50% of the reward for masternodes).
So, even if the masternode owner does not want to sell their rewards, but wants, at least, the masternode hosting to be self-financing, this corresponds to a sale of 80% of the rewards.
It is vital for Firo and its supporters to leave overpriced hosts.
Well, you forgot about traders. Like huge sell wall which was there some time ago for quite long time. It looked like some traders who borrow on margin tried to push price down.
One big issue for newcomers I have found is a lack of easily available information about what hosters are even an option since a lot of them (especially the cheaper ones) specifically disallow the operation of masternodes in their AUP or ToS. I think we can all agree that prices with current masternode service providers are way too high as well as leading to the risk of too much centralization.
That said I have been thinking about making (and maintaining) a list comparing viable hosts across the world on a variety of factors such as price, SLAâs, hardware specs, network speeds, how much information they want from you to sign up etc myself. I would love to get some feedback on if this is something that would be worth the time and effort to further pursue and especially if other people would be willing and able to contribute their own experiences with various server hosters since I obviously can only draw from my experience about the two server hosters I have used to run my masternodes with so far.
The problem with yourself masternodes hosting is the need to have a fixed IP address for each masternode.
This is possible for one masternode, but for 2 or more masternodes, despite several ideas mentioned on the forum, I have not found any that work.
If this problem of fixed IPs were solved, it is with great pleasure that I would host all my masternodes myself, and not only to save money: for decentralization too.
There are ways to deal with the one fixed IPv4 address per node requirement but they all introduce additional points of failure on top of (probably) using a residential internet connection when running nodes at home. Iâd love to do it since I have servers running at home already but ISP choices around here are way too unreliable to not get pose banned pretty much once every one or two months which doesnât help the network at all.
My concern is an overreliance on using masternode services that might (probably will in my opinion) lead to this kind of completely ridiculous price hike repeating again and again in the future as well as the additional risk of too much centralization.
Then again I might just be worrying about an issue that doesnât exist yet or ever.
Masternodes home hosting is probably the best way to guarantee Firoâs decentralization (better than masternode or VPS hosting companies).
As for the constancy of the IP provided by the home internet provider, there must be a way to monitor it and ensure that the nodes are only exceptionally POSE_BANNED. @reuben has already spoken about this home hosting and it seems without an accessible solution. But if the network decentralization depends on it, then the subject becomes crucial. It is one of the very few new projects that seem useful to me for the development team.
and the migration to NodeHub.io was very simple : just the TXID and the BLS key for each node.