Radix Nodes

Discussion in 'General' started by Rickard, Jun 25, 2017.

  1. Jazzer

    Jazzer The Dutch connection Staff Member

    Last I heard is that the base transaction fee is ~0.01$ equivalent. Just enough to be a barrier against spam, not enough to be a barrier for actual transactions. The fee will be higher for non-standard transactions (for example with an attachment or an escrow transaction) as that means more load on the network.
  2. Pakete

    Pakete New Member

    How come the fees will be so low? Can't the nodes decide the fee, like with Bitcoin?
  3. Jazzer

    Jazzer The Dutch connection Staff Member

    With bitcoin the nodes don't decide the fee, it's the users. The nodes actually just pick the transactions with the highest fees first. So when the network is at capacity you as a user will be competing with other users to be included in a block. When the load gets high, the minimum fee to pay for fast block inclusion is driven up by those other users including a higher fee for a better chance of seeing their transaction accepted.

    With Radix, we don't have such a mechanism since we don't have a maximum capacity and assume that more load will automatically attract more nodes due to the additional income that will be generated.

    Nodes can still choose not to process a transaction I'd they think the fee is too low, but the $0.01 is our estimate of fees that should easily cover operating cost so should be accepted by the network when nodes are acting rationally.

    There's no reason for it to be higher if it already covered operating costs. And there's no reason for it to be lower of we want to maintain a small barrier against spam.
  4. Catatonic

    Catatonic New Member

    Would anyone be willing to point me in the direction of some information regarding the specs necessary for a desktop to run a node? Looking to accumulate parts soon. When do we foresee the network going live, roughly?

    Really, any information about setting up a node and participating is what I'm chasing, but more the specs/tech side of things.

    Radix is a project I've been following since getting into crypto, and I truly believe it could solve many of the issues preventing widespread adoption. Therefore, I really would love to participate in and support the network. But I'm not a computer guy. I have excellent and unlimited internet where I am, but little further knowledge.
  5. Jazzer

    Jazzer The Dutch connection Staff Member

    This is not out yet. We expect that any decent computer will be fine for this. You may want to invest in some good SSD drives. Redundancy is never a bad idea for a server so look at multiple disks. Other than that get an internet subscription with good bandwidth and low latency.

    As we get closer to release it should become more clear what will be important requirements for nodes. Since we're looking at Q2 2018, and hardware prices only ever go down, I would suggest to wait a bit longer if that's an option.
  6. Catatonic

    Catatonic New Member

    Great, thanks. I'll keep my ear to the ground and accumulate a bit during sales but otherwise leave it until ~Q2.
  7. Lloyd

    Lloyd Founders Staff Member

    If you read the first couple of pages you will see what other beta testers are using for a node setup. I will also say that Radix is a multi-threaded application.
  8. mehdiRdx

    mehdiRdx New Member

    Is it here I have to ask to run a node or in beta tester?
  9. Peachy

    Peachy Founders Staff Member

    Nope. Stay tuned for details when we have an Open Beta running and you'll get notified.

    You can also add your email address to the mailer to be updated as well.
  10. Rickard

    Rickard Beta Testers

  11. Jazzer

    Jazzer The Dutch connection Staff Member

    There will be as and when we near release and the final version of the client is done.

    It will be something like:
    1. Start client.
    2. Configure which services you want to support.
    3. Done.
  12. pbt

    pbt New Member

    Anyone know if Radix client supports multi threading? I'm undecided between i7-7700 or Rayzen 7 1700. I was thinking of the Rayzen 7 due to the superior no of cores and threads but if Radix doesn't support multi threading then the i7 would be the best option? Is there a way to benchmark how much work(atom) a node can achieve?
  13. Rickard

    Rickard Beta Testers

    Yes it supports multi-threading
  14. Lloyd

    Lloyd Founders Staff Member

    There are many things that affect the amount of work done. The number of logical threads being only one, another is the up/down speed of the internet connection. In the past disk I/O speed was an issue, but Dan seems to have over come that also, but to what level is yet to be determined. As the explorer.radix.global demonstrates sub-second transaction speeds are on a plater drive.
  15. aarish tinwala

    aarish tinwala New Member

    Hello Guys .
    Pretty much a newbie here. but i want to be a part of this project . is there a way i can understand more info about this project in lehman terms ? i have resources which i would want to contribute for this project . if anyone can help me that would amazing
  16. fishbulb

    fishbulb New Member

    Does anyone know if running a radix node will require port forwarding?
  17. Kafka

    Kafka New Member

    Hello. I'm keeping an eye on this project for a while and looking at the promises of the project is just mind blowing.
    Since I can't post yet on a separate thread, have 1 main question that I've seen few others were posting, but everytime was moved from here to there in other posts and couldn't find answer.

    Following the Radix white paper, i don't get how this inflation regulation works? It is mentioned that to keep price around 1$ it is generating radix coins, and 50% goes to nodes and 50% to wallet balances.
    Does that mean if I had 1000 radix and inflation comes in I might end up with 2000 in my wallet? for example.

    I get the concept of stable coin, but in this particular case I don't get it why that new coins go to existing wallets and nodes, and not a reserve for example. Thanks.

    By the way any persons from Netherlands around here?
  18. fishbulb

    fishbulb New Member

    The thread which has the best explanation for the distribution of new coins is this one https://forum.radix.global/threads/radix-ico.4479/

    I suggest reading the whole lot, but it is probably within the last 8 or so pages that the discussion of node payouts and wallet is discussed with the most up to date detail.

    A quick and not entirely accurate (but close enough) answer to your question though is that if you have 1000 coins and the marketcap then doubles from say 100,000 (which is what it was when you bought your coins) coins to 200,000 coins you will have now have 1500 coins from just holding your original 1000 coins in wallet. the total distribution of coins to peoples wallets from this increase in marketcap would be 50,000 (you received 500 of those 50,000).

    This now leaves 50,000 coins to be distributed, these coins are distributed among the nodes. its possible that you could get 500 coins if you ran a node, but that would depend on how many other people are running nodes. Example, if there are 100 nodes then each node will get 500 coins, if there are 1000 nodes though each node will get 50 coins.

    That's basically it, but, node payouts would not be defined by just the number, but also the nodes contribution. Also the doubling of the market cap example I gave you is not accurate, because it doesn't take into account the coins of the people who bought coins

    hope this helps
  19. Kafka

    Kafka New Member

    Thanks for the reply Fishbulb.
    I've red most of it and got more info, but what I find missing is the info of what happens when demand goes down.

    I understand when demand goes up, system generates coins. But what if everything crashes, let's say, people want to sell. Is there a mechanism of burning, buying back, or if nobody wants on DEX to buy from these people, you'll be stuck with the coins?
    I've not seen this scenario explained anywhere on the forum or webpage, only the multiplying coins one.
  20. fishbulb

    fishbulb New Member

    I don't know the answer. But, I would say that when you buy radix from the DEX using bitcoin the DEX would then hold onto that bitcoin (providing that it was the DEX that sold you the coin and not another user transacting through the DEX). DEX may end up holding a lot of bitcoin if their is a lot of demand for radix, if that demand then reverses, the DEX would buy back the radix coin from sellers using the bitcoin that it holds.

    This would effectively maintain a peg to the USD. Problems will still arise though, for instance when the DEX no longer holds any bitcoin.

    I don't know if that's how it works, I just assume it is something like that. I'm positive there is more too it though.

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