Payment #8 Completed

Published on 09-Jun-2018

Dear Lessors, waveslease.com has just sent Payment #8. In this payment period the node mined 14 blocks and distributed a total of 248,84 MRT (Mine Rewards), 5.81209987 WAVES (0.415149990714 WAVES per block) with a total cost for the node of 8,6 WGO.

Proof of payment: https://wavesexplorer.com/address/3PGfXB5bEz7EkbtGMNUYop5aior5X6bUbvL. Payment #9 will be sent on 23rd June.

We are a small node and pay regularly, you can check this on our blog , please lease to our node to improve WAVES network decentralization.

New strategy for new dividends

As you probably know, we are currently offering a 99% return to our lessors. Other nodes are offering a return that goes from 85% to 100%.

We think that offering a return greater than 90% is not sustainable for a succesfull business: we have some running costs to keep the node up and we are dedicating some time for node maintenance and upgrades.

By giving out all profits to lessors won’t keep us here for long, and we want to stay and support the WAVES network, therefore we will introduce these changes from the next payment (#9):

The new return rate to lessors will be 90% (The lessors with the promo 100% for lifetime will continue to receive 100% dividends);

Node Core Stack periodical Increment

Node Private Stack has been increased by 35 WAVES on 8^th June (10% of revenue from our web apps and by some private stack) and has been increased to 1275 WAVES.

Proof TX: https://wavesexplorer.com/tx/68ZXdngB8rzwfhm7rJiNRRAKiHBarznjm2KaNMpxUjen

Small Leases

We noticed that node is receiving very small leases (0.01 WAVES). This makes the node lose money in fees just for sending very small dividends. We will study a solution for solving this problem.

Waves Platform Changes that benefits smaller nodes

Some important changes in the Waves Platform are incoming and some of them will increase the smaller nodes profit: MRT new distribution Policy, Data Transactions, Fair LPOS and new MRT Distribution policy, Sponsored Transactions.

MRT Buyback and new Distribution Policy

The Waves team introduced some nice changes for the token MRT:

Waves Team will buy back 500 WAVES worth of MRT from the open market;
20% of the MRT purchased will be burned;
The rest of the tokens will be distributed to mining nodes in proportion to the number of blocks they have generated, with a limit of 70 blocks per day (if a node generates more than 70 blocks, it receives MRT for the first 70 only).

TLDR: This new policy puts an upper cap to MRT distribution for big nodes and adds liquidity for token. Buyback should increase the token value.

Data Transactions

Data Transactions allow anyone post information to the blockchain. The maximum size of a data transaction is around 140kb. Fees for data transactions, calculated in WAVES, are proportional to transaction size: 100,000 per kilobyte, rounded up to the nearest kb. Since the transaction size is limited to 140kb, it will cost just 0.14 WAVES (less that $1). You can find out more about Data Transactions here.

https://docs.wavesplatform.com/technical-details/data-transaction.html

TLDR: There is a new transaction type for storing data on the blockchain that will increase node profits.

Fair PoS

This is an update to the current PoS system that removes some of the disadvantages for smaller miners. Whilst PoS should allow anyone to receive mining rewards in proportion to their WAVES balance, in practice the odds are stacked in favour of larger miners, who create a higher share of blocks. The protocol has been adjusted to reflect this and ensure that smaller miners are not pushed out.

TLDR: PoS system has been changed and rebalanced so smaller nodes will receive more WAVES Fees.