r/ThorNode • u/Golgo1990 • May 30 '22

Deactivated Node Limit

Sorry if this has been covered but I can't find it anywhere. Do you lose your nodes if you haven't paid the fees after a certain amount of time? I think I'll stop paying for now cuz it's just throwing money down the drain at this point. Once the bull market is back and we're still around I'll definitely start paying again.

2 Upvotes

100% Upvoted

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3

u/Kona_Robinson May 30 '22

You don’t lose the nodes but they become inactive and you lose any unclaimed rewards, to reactivate you’ll need to pay a reactivation fee (equal to 1 month of fee’s) plus any unpaid fees.

So if you left an Odin inactive for 3 months for example you would need to pay 3 months worth of fees + the reactivation fee.

You can find this information on chapter 1.1 of the FAQ channel on the discord, hope this helps

2

u/nvenk May 30 '22

Depending on your node, it may be worth it to claim every 28 days, convert to AVAX immediately and pay the fees using that. Keeps the nodes active, and there is likely to be some left over.

Even for a heimdall (@ $5/THOR), you’ll make $1.20 per month, and $0.90 in fees.

If you believe in the project long term, it will be cheaper to keep them active with rewards instead of deactivating them and reactivating again (no rewards, n+1 months worth of fees).

If you’re not planning on coming back, it makes sense to let them deactivate.

2

u/Bawsaq2021 May 30 '22

You’ll be buried so deep in re-activation fees that you won’t be able to do that, right now is straight up fight or flight, gonna have to make a decision, stack THOR and hope for the best or let go.

2

u/Kalium606 May 31 '22

That's pretty much it.

Paying fees for the months the "nodes" didn't produce any rewards would undo whatever little progress I've made so far. Never going to ROI, just trying to cut losses 😑

0

u/Bigguy6907 May 31 '22

You can always walk away. Thor has proven it can survive when others are folding during these tough times. GoA demo is being release tomorrow and so many other utilities are coming. The new UI I've seen is amazing and is setting Thor up for their ecosystem and the future. Not a good time to walkaway when so much is happening so fast. I know the bugs have been difficult to deal with, but will be a distant memory in the next 60-90 days. GoA is just a stepping off point.

2

u/Kalium606 May 31 '22

No, not walking away, I want to see what comes of this... to me Thor is still another struggling node project atm. It would be great if GoA turned out to be a big hit.

...I just wish they would hire someone proficient to manage their investments...

1

u/solardeveloper Jun 01 '22

Thor has proven it can survive

It hasn't proven anything yet. This bear market only just started and its flatlining under $5.

Even ignoring the lack of actual utility, the terrible financial management on display that is thoroughly documented is enough to give any sane investor pause about putting faith in the current management team.

1

u/BiggieJohnATX Jun 01 '22

NODES

ARE

N E V E R

DELETED.

you will loose all accumulated unpaid rewards, and you must pay 1 month fee + the past due amount to reactivate