{"id":16812,"date":"2017-02-16T00:00:00","date_gmt":"2017-02-15T16:00:00","guid":{"rendered":"https:\/\/www2019.dash.org\/2017\/02\/16\/100-miners-80-masternodes-spork-still-on-horizon-dash-detailed\/"},"modified":"2021-09-18T11:40:06","modified_gmt":"2021-09-18T11:40:06","slug":"100miners80masternodes","status":"publish","type":"post","link":"https:\/\/www.dash.org\/news\/100miners80masternodes\/","title":{"rendered":"100% Miners, 80% Masternodes, &amp; Spork Still on Horizon | DASH: Detailed"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/74hF7xTQMQs\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>You\u2019re going to want to watch today\u2019s show. That\u2019s all I\u2019m going to say.Hi I\u2019m Amanda B. Johnson and you\u2019re watching DASH: Detailed. To get started I\u2019d like to combine former \u201cDash in the News\u201d with \u201cBusiness News\u201d to just be \u201cBusiness and Headlines.<br \/>\n\u201cTo start, check out this beautiful footage of a General Bytes CTM \u2013 that is cryptocurrency teller machine \u2013 dispensing Dash in exchange for paper cash. Dash is now supported on all General Bytes CTMs if the machine\u2019s operator chooses to enable it.Dash on General Bytes! <a href=\"https:\/\/www.youtube.com\/shared?ci=To4zcN95pVMTo\">https:\/\/www.youtube.com\/shared?ci=To4zcN95pVMTo<\/a> get the word out about this, General Bytes has started a Thunderclap campaign and they are still short of the 100 participants that they would like to sign up with either Twitter, Facebook, or Tumblr to spread the news on February 24th, that Dash can now be enabled on General Bytes.General Bytes Thunderclap campaign: <a href=\"https:\/\/www.thunderclap.it\/projects\/52838-bring-dash-to-your-local-atm\">https:\/\/www.thunderclap.it\/projects\/52838-bring-dash-to-your-local-atm<\/a> Elsewhere, the online exchange and trading platform BitMEX has just enabled Dash derivatives. If youknow next to nothing about the legacy fiat economy, like myself, you may wonder what does that mean? Well apparently it means that people will be able to use Bitcoin \u2013 not Dash but Bitcoin \u2013 on BitMEX to make bets about Dash\u2019s future prices.Hey, who doesn\u2019t like gambling while they gamble? As one Dash Slack user pointed out, this may not initially bring an increase in Dash ownership but it certainly brings more exposure.Dash derivatives on BitMEX: <a href=\"https:\/\/twitter.com\/BitMEXdotcom\/status\/829576365364031494\">https:\/\/twitter.com\/BitMEXdotcom\/status\/829576365364031494<\/a> In headlines CoinTelegraph\u2019s Frisco d\u2019Anconia published an article called, \u201cWhy Dash Dislodged Ethereum Classic for the Sixth Spot on CoinMarketCap\u201d.Dash dislodged ETC: <a href=\"https:\/\/cointelegraph.com\/news\/why-dash-dislodged-ethereum-classic-from-number-6-place-on-coinmarketcap\">https:\/\/cointelegraph.com\/news\/why-dash-dislodged-ethereum-classic-from-number-6-place-on-coinmarketcap<\/a> And the 12.1 release was covered elsewhere, here in NewsBTC, here in EconoTimes, and here in CoinJournal.Sentinel in EconoTimes <a href=\"http:\/\/www.econotimes.com\/Dash-rolls-out-major-software-upgrade-v121-Sentinel-525895Sentinel\">http:\/\/www.econotimes.com\/Dash-rolls-out-major-software-upgrade-v121-Sentinel-525895Sentinel<\/a> in NewsBTC <a href=\"http:\/\/www.newsbtc.com\/2017\/02\/06\/dash-sentinel-upgrade-payments\/\">http:\/\/www.newsbtc.com\/2017\/02\/06\/dash-sentinel-upgrade-payments\/<\/a> Sentinel in Coinjournal <a href=\"http:\/\/coinjournal.net\/dash-sentinel-evolution\/\">http:\/\/coinjournal.net\/dash-sentinel-evolution\/<\/a> Finally in headlines, Dash made the #4 spot in Bitcoinists list of best performing cryptocurrency of January 2017. Interesting to note however, is that spots 1-3 are occupied by colored Bitcoins. So colored coins aside, Dash was the best performing native cryptocurrency for January. Cool.Dash is 4th: <a href=\"http:\/\/bitcoinist.com\/cryptos-outperformed-bitcoin-january\/\">http:\/\/bitcoinist.com\/cryptos-outperformed-bitcoin-january\/<\/a><br \/>\nNow let\u2019s talk about network statistics.At this time Dash 12.1 and 12.0 are still playing nicely together, which is to say there has been no enforcement or spork activated. What you ask? I thought it was set for February 12th? So did I. So did many others. So to get clarification on this I reached out to Dash\u2019s Quality Assurance Manager Flare, orHolger Schinzel.Holger said, in so many words, that at this time the network is still what he would consider indecisive, and an indecisive Dash network has the propensity to create an accidental fork by part of the network thinking that masternode A should be paid and part of the network thinking that in the same block, masternode B should be paid.In order to prevent such a scenario from happening Flare says that he and other core team members are monitoring several parameters which indicate network health. And that while the network is growing alittle healthier every day, it is not yet healthy enough to turn on the enforcement spork.All of that aside, our current masternode count is actually at an all-time high 4,396 to be precise.Masternode count: <a href=\"http:\/\/178.254.23.111\/~pub\/masternode_count.png\">http:\/\/178.254.23.111\/~pub\/masternode_count.png<\/a> Of these, with more than 75% have upgraded to 12.1 and roughly 6% appear to be in the process of doing so. That leaves us with about 18% of masternodes who have not yet upgraded at all.In mining, today\u2019s hashrate is 2.21 Tarahashes.Hashrate &amp; full node count: <a href=\"http:\/\/bitinfocharts.com\">http:\/\/bitinfocharts.com<\/a> And it ought to be said of Dash\u2019s miners that 100% of them have upgraded to 12.1. Well done.100% of hashpower has switched: <a href=\"https:\/\/twitter.com\/Dashpay\/status\/830019978367741953\">https:\/\/twitter.com\/Dashpay\/status\/830019978367741953<\/a> To put this hashrate into context here is our three-month chart, our one year chart, and the lifetime chart.In other network stats you may have noticed \u2013 especially if you\u2019re a masternode owner \u2013 that some of Dash\u2019s miners \u2013 not a lot, but about 7% of them \u2013 are cheating. What does this mean? Well it means that instead of sending half of the block reward to masternodes, which they usually do, during this transition period while 12.1 and 12.0 are co-operating, they are able to instead keep that payment for themselves.Now, this cheating mechanism will no longer be available once the enforcement spork happens. And of course it should be noted that 93% of Dash\u2019s hash power is being honest but it does bring to mind a comment that lead developer Evan Duffield made in a podcast about a year ago \u2013 about future plans to require that hash power be collateralized. What a forward-thinking guy.Now let\u2019s move to development updates.Dash now has CHECKLOCKTIMEVERIFY. Hurray! What does that mean?Ok, so when the majority of Dash\u2019s hash power switched to 12.1 we incorporated certain elements of<br \/>\nBitcoin\u2019s codebase \u2013 as we have a Bitcoin codebase \u2013 and we update from them from time to time.Among these updates was a Bitcoin Improvement Proposal, or BIP 65. And BIP 65 is also called CHECKLOCKTIMEVERIFY. To find out more about what that means for Dash, I reached out to developer moocowmoo.He said that CHECKLOCKTIMEVERIFY enables coins to be locked away for a day, a month, even a year, and only able to be retrieved at later dates, which he mentioned has implications for things like smart contracts or escrow. In short, and in moocowmoo\u2019s words, Dash can do more tricks now.Dash has CHECKLOCKTIMEVERIFY now: <a href=\"https:\/\/bitcoinmagazine.com\/articles\/checklocktimeverify-or-how-a-time-lock-patch-will-boost-bitcoin-s-potential-1446658530\/\">https:\/\/bitcoinmagazine.com\/articles\/checklocktimeverify-or-how-a-time-lock-patch-will-boost-bitcoin-s-potential-1446658530\/<\/a> In other development updates, if you are having trouble using Electrum Dash you would not be the only one. There is a support thread going on here and you may find that there are some fixes for any problems you may be experiencing.Electrum-Dash Remedy: <a href=\"https:\/\/support.node40.com\/hc\/en-us\/articles\/115002838488-My-Electrum-Dash-wallet-will-not-send-a-transaction-after-the-update-to-12-1\">https:\/\/support.node40.com\/hc\/en-us\/articles\/115002838488-My-Electrum-Dash-wallet-will-not-send-a-transaction-after-the-update-to-12-1<\/a> And finally in development updates, InstantSend \u2013 that is Dash\u2019s capability to instantly confirm a transaction \u2013 is not working during the transition time, that is, during the time that 12.1 and 12.0 are still playing nicely together. So don\u2019t try to use it, you would just be disappointed.Now to price movement.There is a bit of a flurry going on, though it may have completely died out by the time you watch this video, or it may have reached new heights of hysteria. Nevertheless, at the time being, Dash\u2019s price in U.S. dollars is $18.08 s a coin.This gives us a market capitalization of roughly $128 million, with 7.1 million coins available and a 24-hour trade volume of $1.9 million worth of Dash.Current price in USD and other charts: <a href=\"http:\/\/coinmarketcap.com\">http:\/\/coinmarketcap.com<\/a> Let\u2019s look at some historical charts for market cap: here is three months, here is one year, and here is lifetime, or three years ago until now.At this time allow me to correct an error that I made two shows ago, which was the expected date of Dash\u2019s decrease in inflation \u2013 or that is, new coins created.See every year Dash\u2019s new coins created decreases by about 7%. I had reported before that that decrease was set to happen on February 12th and I was wrong. It\u2019s actually start to happen in the afternoon of March 4th.And now to social happenings.The winners of Dash Force\u2019s meetup contest have been announced and they were two. First was<br \/>\ncommunity member Milliarderko for his meet up in Krasnodar, Russia. And second with community member BlueTrader for his meet up in Suwanee, GA. Both received 7.75 Dash in compensation. Congratulations!And of course let\u2019s not forget that an honorable mention was given to the meetup held in Kazakhstan. I could never not enjoy saying that word. Not ever.DashForce meetup contest winners: <a href=\"https:\/\/www.dash.org\/forum\/threads\/dashforce-meetup-contest.12802\/\">https:\/\/www.dash.org\/forum\/threads\/dashforce-meetup-contest.12802\/<\/a> In other social happenings the video footage of dash core team member Robert Wiecko presenting at ICE Totally Gaming in London has been released.Gaming presentation by Robert Wiecko: <a href=\"https:\/\/www.youtube.com\/watch?v=YpFuwOBbCKg\">https:\/\/www.youtube.com\/watch?v=YpFuwOBbCKg<\/a> And elsewhere, I had the opportunity to give an interview about Dash to the popular YouTube channel Anarchast. The host \u2013 Jeff Berwick \u2013 was talking about Bitcoin on his show way back in 2011, and so it was very fitting and very fortuitous that he allowed the first chat about Dash on his show now.Anarchast interview: <a href=\"https:\/\/www.youtube.com\/watch?v=8GwsmnHE3Rk\">https:\/\/www.youtube.com\/watch?v=8GwsmnHE3Rk<\/a> That\u2019s it for DASH: Detailed this week my friends. Thank you for joining me and I hope you will comeback for next week\u2019s episode, which will be published on Wednesday at 12 pm EST, as per usual.Alright, see you then!<\/p>\n","protected":false},"excerpt":{"rendered":"<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/74hF7xTQMQs\" frameborder=\"0\" allowfullscreen=\"\"><\/iframe><\/p>\r\n","protected":false},"author":1,"featured_media":16813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[216],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>100% Miners, 80% Masternodes, &amp; Spork Still on Horizon | DASH: Detailed - Dash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.dash.org\/news\/100miners80masternodes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"100% Miners, 80% Masternodes, &amp; 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