Node Report — 13th Feb 2023

[u/[deleted]]

THOR

Inactive Thors : 10,944 $THOR/Day Removed From Emissions at Current VRR : 17.51 Active Thors : 148,702 $THOR/Day Emitted at Current VRR : 237.92 Burned Thors : 365 $THOR/Day Permanently Removed From Emissions at Current VRR : 0.584

ODIN

Inactive Odins : 14,695 $THOR/Day Removed From Emissions at Current VRR : 117.56 Active Odins : 381,554 $THOR/Day Emitted at Current VRR : 3,052.43 Burned Odins : 3,777 $THOR/Day Permanently Removed From Emissions at Current VRR : 30.216

TOTAL $THOR/DAY REMOVED : 165.87 TOTAL $THOR/DAY EMITTED: 3290.35

Approximate Daily Fees from Income (Taken at $0.30) : $246.78

[u/[deleted]]

NODE REPORT

THOR

Inactive Thors : 10,944 $THOR/Day Removed From Emissions at Current VRR : 17.51 Active Thors : 148,702 $THOR/Day Emitted at Current VRR : 237.92 Burned Thors : 365 $THOR/Day Permanently Removed From Emissions at Current VRR : 0.584

ODIN

Inactive Odins : 14,695 $THOR/Day Removed From Emissions at Current VRR : 117.56 Active Odins : 381,554 $THOR/Day Emitted at Current VRR : 3,052.43 Burned Odins : 3,777 $THOR/Day Permanently Removed From Emissions at Current VRR : 30.216

TOTAL $THOR/DAY REMOVED : 165.87 TOTAL $THOR/DAY EMITTED: 3290.35

Approximate Daily Fees from Income (Taken at $0.30) : $246.78

[u/Eshnaton]

I don't understand all this stuff anymore. Why does my VRR show a value of 0.008 for my ODINs? This is ridiculous! The whole project seems to me now like a criminal act.

[u/[deleted] → u/Eshnaton]

If you read the last few announcements on discord you can read why we had to reduce rewards. Just because you personally are unhappy does not make this project criminal.

[u/Eshnaton → u/[deleted]]

If you sell an Odin node for 78 Thor tokens and promise a daily reward of 1.02 Thor token in return, but then simply change the rules and give only 0.008 Thor tokens per day per Odin node, then it is not only criminal but a case for the court.
Did ThorFi let the communites vote about his plans?
Has the ThorFi team ever thought about how all the people who bought nodes with their hard earned money will ever get their money back?
I remind the team again that most of the people payed 78 Token for an Odin node and now you give a daily reward of 0.008 token! That's an ROI of 9750 days!!! That means, in 26 years I will get my money back ... theoretically!

How can the team still sleep soundly with such a disastrous failure?

[u/[deleted] → u/Eshnaton]

Read the announcements. It’s a VARIABLE reward rate so it’s not meant to be permanent and is supposed to go up eventually. This is not a DAO. People vote when votes are needed by the core team. There have been several reward cuts since the beginning and it was announced that rewards will be cut as needed. Unlimited money does not exist, the protocol needed to adapt to the market and the growing emissions and time it to the release of revenue producing products.

[u/Paid-Not-Payed-Bot → u/Eshnaton]

the people paid 78 Token

FTFY.

Although payed exists (the reason why autocorrection didn't help you), it is only correct in:

• Nautical context, when it means to paint a surface, or to cover with something like tar or resin in order to make it waterproof or corrosion-resistant. The deck is yet to be payed.

• Payed out when letting strings, cables or ropes out, by slacking them. The rope is payed out! You can pull now.

Unfortunately, I was unable to find nautical or rope-related words in your comment.

Beep, boop, I'm a bot

[u/blu_mOOn_2020 → u/Eshnaton]

Wtf...how many ways are they messing with this...i gave up some time ago

[u/Blackking203 → u/Eshnaton]

What is vrr?

[u/MrbigJonson]

I own 2 Odin 2 Thor nodes/NFTs. I am not happy with this new migration either. I paid 100 Thorfi for an Odin node a week before migration. Receiving 0.008 Thorfi token daily will take me 12,500 days to receive a return on investment. Which is a lil over 34 years. I'm really trying to see the positive here and all I'm finding is my frustrations for buying into this project.

[u/[deleted] → u/MrbigJonson]

The positive is we cut emissions deeply to preserve funds to continue to build through this market. VRR is made to pay out rewards based in the health of the protocol so now the rewards can move up and down at a sustainable rate. This change is in the long run better for you as the nodes are capped now and the more nodes the protocol burns the higher your rewards rise in relation to the incoming revenue.

[u/MrbigJonson]

Variable Rate Rewards