Looking for your SmartNode payout? Let's find out what happened together!

in cryptocurrency •  7 years ago 

If you have been following my posts, you'll know that I'm invested in SmartCash and have been on a wild ride already trying to get a SmartNode up. Well it turns out the ride's not over.

It turns out I and a large number of other node operators have not been paid yet.

A little math first:
Only one SmartNode will receive the reward from a block, and a block is processed every 55 seconds. The algorithm that determines which node gets the rewards is designed to select the node that's been waiting the longest. (This is a simplified explanation other users have done a better job explaining it HERE ) With 5,683 nodes and 55 seconds per block it would take (5,683 x 55) seconds or 3 days 14 hours 49 minutes 25 seconds for each node to get one payout. With my nodes place in line I assumed I would be rewarded today. Let's check the balance.

Uh oh, looks like it's just my original 10,000 SMART deposit.

Let's take a look at where the rewards are going.

Source:

Uh oh, looks like somethings gone wrong. Are the developers aware? Of course they are, here's the message they posted on the Discord:

So we should have a solution in the next 48 hours. Like I said in my previous posts, these guys are great! They are quick to act to resolve any issues.

In the meantime you should bring out your good luck charms and hope you get picked.

Thank you for reading, and may the SmartRewards be with you!

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Smartnodes are very interesting, thanks for sharing your post with the update. I also saw your post 2 days ago when you launched your node, looking forward to seeing how your project progresses!

I'm actually looking into a node myself, seems like an interesting project, let me know if you have any tips!

There's your payout 10 SMART lol

Hope you get paid out man. You deserve to get some rewards for hosting your nodes for a long time.

Because I don't have a node yet, i didn't really know exactly what was going on but i did read a few messages on the channels saying people not getting their payouts yet. Probably because this is the first node payout the team is still trying to work out the technical issues. But from what i've seen with this team so far, they'll definitely make sure all nodes get paid.

This post has received a 0.52 % upvote from @drotto thanks to: @ajaxalot.

Σ$$$ Tipped @ajaxalot Σ10 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.333 USD per SMART. Current value of the tip is $3.33 USD. To find out more about SmartCash, please visit https://smartcash.cc.

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Pay out is not distributed equally... gosh.