First I want to mention that I don't want to spread FUD but I want to let others know what to expect from this project, as for me the experience was disappointing.
OK, so here is my experience with Espers coins:
First impression was not good, when I saw you need to wait 1h+ to get a payment confirmed (10 blocks - 1 block is mined between 5 to 10 min) which is worst than Bitcoin's tx (here you need 2-3 confirms).
Second and the worst.
I bought around 40 million coins on February 06 and staked them 24h, 7 days a week for 1 month now. The interest was only 150450 coins instead of aprox. 822000 coins (27400*30 days) what should have been (10 millions/365 - supposing I am staking only the initial amount). So the interest is not 25% as the whitepaper says is much more less, around 4.5%.
After I saw this I made some digging and saw that in one year the total supply increased by only 9.3% (current supply - 1 year back supply) from POW+POS so my guess was correct, since the blocks are split 50-50 to POW-POS the POS is around 4.5% annual only.
Peace!
Good observation. I wonder where the 25% comes from?
I tried to stake Espers about 18 months ago and it wasn't staking well compared to many other coins. But those many of those higher staking coins have a problem holding a team together now. Espers is like a middle ground coin: staking might not be high but at least there seems to be more than one person behind the curtain. I have 3 computers that only stake wallets and I can let you know some good low entry higher staking coins if you want. Many of these are 4 or 5 years old.
I bought because I like POS coins, those with mid-stake interest like Espers, Electra, Bean Cash, Linda, Shardcoin, etc. But I really don't like coins with under 10%
maybe only NEO and ONT. I will move my money from Espers to Ontology or NEO since I get a better ROI and I don't need to keep the wallet open at all.
Regarding the team I don't know what to say, I saw the dev working on other projects too (see his last posts+github). No wonder why the roadmap is so delayed... nothing new since Q1 2018 and this is sad.
Nothing new since 2018 Q1 is quite an overstatement wouldn't you think?
While you're at our GitHub I'd invite you to review the Espers codebase releases and the changelogs associated with them as you'll find your statement to be in error.
First I want to mention that I don't want to spread FUD but I want to let others know what to expect from this project, as for me the experience was disappointing.
OK, so here is my experience with Espers coins:
First impression was not good, when I saw you need to wait 1h+ to get a payment confirmed (10 blocks - 1 block is mined between 5 to 10 min) which is worst than Bitcoin's tx (here you need 2-3 confirms).
Second and the worst.
I bought around 40 million coins on February 06 and staked them 24h, 7 days a week for 1 month now. The interest was only 150450 coins instead of aprox. 822000 coins (27400*30 days) what should have been (10 millions/365 - supposing I am staking only the initial amount). So the interest is not 25% as the whitepaper says is much more less, around 4.5%.
After I saw this I made some digging and saw that in one year the total supply increased by only 9.3% (current supply - 1 year back supply) from POW+POS so my guess was correct, since the blocks are split 50-50 to POW-POS the POS is around 4.5% annual only.
Peace!
Thank you for sharing your experience and I'd like to address some of the points made for a moment.
First point is the blocktime being ~5 minutes. The reason for this is there is no need for a rapid block generation. When users send coins they are available in ~3 blocks and fully confirmed by the network in 10-60 (this goes on behind the UI and is done for added security in case an invalid TX is found by the network).
So your coins will be available for use to you within 15 minutes if not a little longer while they arrive and relay instantly. That being said the transaction time and such is something that we have been planning to adjust for some time now in the GUI side of things so that users don't think that they have to wait hours to use their coins.
Now about the second point which is the staking situation. We've addressed this quite extensively in Discord chats and such but it really hasn't been brought up here now that I think about it. Anyway what's going on is that PoS (any version) was not designed do properly handle such a large network weight and sheer amount of coins on the network. What's happening is that larger balances are receiving their 25% rewards however you with less in your holdings than the larger wallets are unable to obtain those numbers as they simply trump your network weight for staking. They only reset the weight for their coins that have staked NOT their balance so their weight seemingly never diminishes. This is rather a large inconvenience in terms to proper network operation so we've been working for the past couple months on an update to the PoSv3 method that we utilize in order to have weights reset after they've staked so that staking becomes more like users waiting their turn instead of completely being random and causing small balances to not be able to see the proper reward numbers. The calculations are however setup and designed for a 25% reward so once this update goes into affect this will be a non-issue.
I would like to apologize for your experience being considerably below expectations however I'd like to also note that we are still in ALPHA phase of development and are working hard to resolve any issues like the one's you've experienced. I thank you very much for sharing what happened and we will use this information for future updates.