RE: LeoThread 2025-03-31 06:46
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What's the requirement for running a vsc node?
I have heard it required some 2k HIVE and now I see the vsc docs that seem way lower..
Link in comment if you want to read it.
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https://docs.vsc.eco/docs/how-to/host-node
The docs here are a bit out of date, but we will update them today and ensure it is accurate
Hmm also heard the 2k Hive thingy. But I am not that well informed about this.
Me neither, just visited the docs and it says 50 HP.
I need to dig deeper, would be cool to run a node! Can't do much research today though
50 sounds crazy low 😅
Exactly! Better get in before it's too late 😂
Although, that page is the only one I looked at, so there may be some other requirements too. Hence, the deep dive tomorrow 😁
!BBH !SLOTH
2k Hive must be bonded to your node for participate in consensus. This won't be enforced for the next few days as the network gets started up, but it is recommended to obtain 2k Hive and bond it to your VSC node.
Thx for the clarification 👏👍
The 2000 Hive Power is because you will need the resource credits that amount gives you to be able to run the witness node. People forget, Hive Power is what runs the network, not second layer tokens.
What I read was a bit confusing though. It said, if I remember correctly, 2k HIVE Power, liquid Hive. Something like that.
Does that mean the Hive power should be my own and not delegated and nor from a delegator?
No, you need Hive Power, not liquid Hive. I am sure it can be delegated from another account, but it's better if you just buy the HP and stake it up yourself, because if not, you would have to use a leasing market and pay people for their delegation, which would probably just end up costing you more than it's worth to just buy your own Hive and stake it up. It's a good time to stack up, only .23 per Hive!
It is 2000 Liquid Hive locked in VSC. You should also have a minimum of 100HP on Hive for RCs. However, for the first few days the 2000 Hive requirement won't be enforced until most nodes have staked the minimum amount.
I am apparently wrong on this, it is liquid Hive that has to be locked up. I am not a fan of that setup at all.
Tbh that confused me too. Seemed more logical the way you described it at first.
But maybe (this is a long shot) the liquid Hive that has to be locked up is the same as staking when it's on vsc.
Incorrect, it is liquid Hive that is bonded to your node to participate in consensus. This won't be enforced for the next few days, but it is recommended to accumulate 2000 Hive and lock it in VSC shortly after mainnet is launched.
Seems like a weird way to go about it, but okay, if that's what it is. So basically you are locking up 2000 HP that can only be used for that node, nothing else?
Correct, it is required for consensus security, otherwise we'd have to have a L2 token which I want to avoid
Ah, well that puts things in a different perspective for us. Not sure I want to lock up nearly $500 worth of Hive up just to run a second layer node on top of having to purchase a machine to run it. I was under the impression it was going to be Hive power that was powering it, not liquid Hive, because he have delegation to cover that.
Totally understood. Renting a machine is the best option and very cheap for only like $20USD/Month
I've successfully been running a node for months, and I delegated 100 HP to it, which has been sufficient. The 100 HP required are for resource credits
Not entirely sure what this entails, but I will try to figure it out
The answer is in the registration form it appears:
Yeah, and it's NOT staked HIVE, it has to be liquid. I don't like it. That's way too much to lock up to run a second layer node.
I agree it's a lot. I wonder what the reasoning for it is. Will try to dig deeper.
So you need to transfer 2k liquid hive to your vsc node account and stake it on VSC (24hr unlock period). I.e. it is not to be staked on Hive but on VSC
In addition you will need to delegate 100 HP to your node running acco6nt
Right. So, the account in the env is the one that need the 2k liquid HIVE and 100 HP (on L1 chain), right? 😁
I'mfeeling a bit alow this morning 😂
Thank you for checking and explaining! 🫶🏼
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exactly
Need to check up on how to transfer to the vsc network 😆
Gotta get home first though
Thank you! 🙏🏼
!BBH !BEER
Wait, so 2000 liquid AND 100 HP staked? Def going to be a no from me. That sounds like some, you need 32 ETH to run a node crap, that will wind up centralizing the hell out of the nodes because I know I am not putting up nearly $500 in Hive
I see what you mean. I don't know if it's the case on the L1 too, but aren't there some kind of requirement to run a node?
To me all network that use nodes seem to be more or less towards the the centralized rather than decentralized. Perhaps it's just methough, but it seems to be the standard 🙄
!BBH !SLOTH
No, with L1, all you need is the machine or VPS, set up and start witnessing. You will need Hive Power to support the resource credits needed, but it's not 2000HP.
And yes, most, if not all proof of stake chains are leaning more to the centralized direction, at least the majority power with a very few kind of thing. I have worked in various ecosystems over the years, and it's a problem in all of them.
It's the best most decentralized and secure way we can launch the network
If that's the way you had to build it, then it is what it is, but that seems like a pretty big barrier of entry, which isn't really that decentralized. Any return guarantees for my locked Hive? Or will I still have to pander for votes?
The barrier to entry is still far less than of others like Hive consensus. Rewards will be going live later this Summer on a proportional basis to your locked Hive. So if 2000 Hive gives you 5% of the total locked Hive, then you would get 5% of the total fee pool
Ah I gotcha. So it's not a delegated proof of stake type of thing, it's a just straight up proof of stake node where who has the most resources bonded gets the most of the pool? Don't have to worry about the popularity contest?
If that's the case, then that is a whole other story. If all the computational resources needed is a Pi 4 or better, then the 2000+ Hive makes a bit more sense.
What is the story on getting that bonded Hive back if we decide to shut down the node? The only reason I ask is because the docs are lacking a bunch of information like this, which I see as important information.
That's correct. There is no voting structure or anything like that. We might add it in the future for things like governance parameters, or DAO proposals, but core consensus will remain largely how it is initially designed.
You can unlock your Hive which will be returned to you after 24-30h from your unlock transaction.
Well, that is just awesome then. That is one thing I really can't stand about any DPoS system. I come from a mining background, so what you are doing makes sense. That changes the game, thanks.
Thanks for the clarification by the way. I poke bears when something doesn't seem right. And like I said in the last comment, the docs are lacking this kind of information.
Docs will get updated. Moving fast right now