Is there a penalty for all contributors if the node operator ceases staking?

Dan S
Is there a penalty for all contributors if the node operator ceases staking?

Anyone, both contributor and operator can request unstake anytime. It will happen in 15 days, rewards will be paid during this period. There’s no penalty for unstake request

Would that require the contributors to find another service node then if they wished to continue staking? So after 15 days they would have to go their wallet and reassign the requisite Loki amount to another operator?

Do I have to leave my wallet open and my computer continuously on to stake as a contributor?

If an operator stops staking and I'm a contributor does it tell me that they've stopped staking when I open my wallet? If not, where does it tell me? I'm just enquiring in case this happens when I'm out the country.

Dan S
If an operator stops staking and I'm a contributor does it tell me that they've stopped staking when I open my wallet? If not, where does it tell me? I'm just enquiring in case this happens when I'm out the country.

If the operator stops the node and doesn’t send an uptime for 2hrs - the node changes state, stops earning rewards. At this stage it starts eating into any uptime credits that the node has earned (the longer it’s up, the more accrued- max of 48hrs)

Once all credits are gone - the node is de-registered and all participants have their stake locked for 30days.

Dan S
If an operator stops staking and I'm a contributor does it tell me that they've stopped staking when I open my wallet? If not, where does it tell me? I'm just enquiring in case this happens when I'm out the country.

If they request an unlock you’ll get your funds unlocked in 15 days as usual. If they stop providing the service they will be derigistered by penalty. It means you’ll get your funds unlocked in 30 days, but won’t be getting rewards during this period

That all makes a lot more sense to me know though, cheers 👍

SERVICE NODES SUMMARY:Current Block: 589,808Num of Running Nodes: 1,228Versions: 7.1.9 (80.86%), 7.1.10 (18.81%), 7.1.8 (0.33%), Service Node Stake Requirement: 16,843.58 LOKIBlock Reward for Service Node: 16.5 LOKIAvg daily Reward: 9.674 LOKIHours between rewards: 40h 55mTotally Contributed: 22,262,394 LOKI% of Circ. Supply: 45.212%Open for contribution: 11 pools (http://www.lokisn.com/status/awaiting_contribution)Decomissioned nodes: 1 (http://www.lokisn.com/status/decomissioned)

It'll soon be 48h to get block of a reward.

Dan S
What are uptime credits, are they staking rewards accumulated in the last 48 hours?

Yes if the node is decommissioned, operator has some time to put it back to life.

The one
It'll soon be 48h to get block of a reward.

How often does the reward block time change and why? Is it to introduce scarcity?

they are in queue

SERVICE NODES SUMMARY:Current Block: 589,809Num of Running Nodes: 1,228Versions: 7.1.9 (80.86%), 7.1.10 (18.81%), 7.1.8 (0.33%), Service Node Stake Requirement: 16,843.57 LOKIBlock Reward for Service Node: 16.5 LOKIAvg daily Reward: 9.674 LOKIHours between rewards: 40h 55mTotally Contributed: 22,262,394 LOKI% of Circ. Supply: 45.212%Open for contribution: 11 pools (http://www.lokisn.com/status/awaiting_contribution)Decomissioned nodes: 1 (http://www.lokisn.com/status/decomissioned)

If node reaches 5000

It'll be 167 hours to get a block reward.

Once a week. :-/

That's quite long

Dan S
How often does the reward block time change and why? Is it to introduce scarcity?

Every 2 hours of uptime gives you 1 downtime block up to reaching the maximum of 48h

Loki price will be high at that lockup

100% lockup is 3083 nodes. Liquidity would be scarce

Vector0
What’s wrong with the launcher?

Nothing. I meant if I did use the launcher I'd have to read. Didn't come across well, sorry.

After 4.6 years, 100% of Loki must register with the SN to enable 5000SN.

I thought about 5000, It's based on dash

Before I wished to learn about PoS thing, then, I saw dash

That time, It has around 4800 nodes.

ha, then, seems, loki is another bitcoin to HODL.

We're putting some new rules in decommissioning/recommissioning for the next hard fork:https://github.com/loki-project/loki-core/pull/1204Basically when you get recommissioned instead of losing all your credit, you'll now lose 2 blocks of credit for every block you were decommissioned. Which means, for example, if you get decommed with 1000 blocks of credit, fix it quickly and get recommed after 30 blocks, you'd get recommissioned with 940 blocks of credit.

Love this thank you!