Topic: [ANN] [KEY] KeyCoin | Fair Launch | 10/24 Update: KeyTrader v2 - Windows + Mac - page 16. (Read 100859 times)
September 11, 2014, 10:02:24 PM
What are the reasons such jumps in the price?
September 10, 2014, 01:14:43 PM
Maybe try reading the last couple of pages where we discuss Proof of Stake pretty much exclusively?
September 10, 2014, 12:12:15 PM
Hi guys. How long does it take for coins to become mature, and begin to stake, please? Thanks.
September 10, 2014, 11:01:58 AM
Ok stakers, is it best to combine all your coins at once to a wallet and let them mature to stake, or does it really matter. Is it best to leave the wallet open 24/7 for staking, or should you only try to stake when the weight is low. I saw someone earlier say the difficulty for staking is based on the coin age, so you can't get away with that shit, but these are questions I often ponder.
For network security, 24x7 staking is best.
The amount of attention you'd need to pay to "game" the staking system probably outweighs any benefits you'd get by doing so. For the health of the network and speedy transactions, leaving your wallet open is best. If you are not able to do so, your staked rewards will start appearing when you open your wallet again, as long as your stake weight is sufficient.
September 10, 2014, 10:41:11 AM
Is keytrader out yet? I have the vm running but don see keytrader in the image.
Cheers,
Pit
Cheers,
Pit
We're currently doing lots of internal testing and debugging for the next build of KeyTrader (which will be cross-platform). We're trying our hardest to break it so the release is stable, then we'll go ahead and get it packaged into the KeyOS ISO.
I've also been working with a few community members to tackle an issue with OSX wallet downloads, and we have narrowed things down quite a bit. If anyone else has an issue with their OSX QT wallet, please post here! It would be great to try out a solution with another user.
I've been going around downloading a bunch of different coins' wallets for testing's sake and I'm finding that for me it's only the ones that are hosted on MEGA that have launch problems when downloaded through Safari.
I'm running Mac 10.9.4.
It is quite common for Qt wallets to crash on 1st launch as they seek files not yet written but they usually work fine with subsequent starts. Same happened when I first started the wallet extracted from KeyCoin-Qt.zip but all seems to be in order now.
What troubles are being reported?
The issue that these users had is not the same one that you've mentioned. The trouble is that some OSX users cannot open their QT wallet at all if they have downloaded from MEGA via the Safari browser. I would say that this is the primary issue, but in one case an additional step was required even when using Chrome.
May I ask what browser you used to download the OSX wallet? It seems like an odd question, but I may have narrowed down part of the issue. There seems to be an problem with the way Safari handles the download and some permissions. If you used Safari, please backup your wallet.dat and download the file again using the Chrome browser.
Here are the steps I just ran through with another community member to solve the -10810 error on his system.
1) Download using Chrome
2) Unzip file
3) Instead of double-clicking to open, right click and select "open package contents"
4) Navigate to contents/macos - You will then see the terminal file for KeyCoin-QT
5) Click KeyCoin-QT and it should load via terminal
Here are the steps I just ran through with another community member to solve the -10810 error on his system.
1) Download using Chrome
2) Unzip file
3) Instead of double-clicking to open, right click and select "open package contents"
4) Navigate to contents/macos - You will then see the terminal file for KeyCoin-QT
5) Click KeyCoin-QT and it should load via terminal
User infinitechaos found one more issue when following these directions, and added one additional step to solve it.
Quote
************************
EXCEPTION: St13runtime_error
CDB() : can't open database file , error 21
KeyCoin in Runaway exception
___________
After that I relaunched it while holding down the Command button, which I've heard bypasses some permissions settings in OSX, and it launched up for me at last!
I am now able to just double-click the .app to open the wallet as well.
EXCEPTION: St13runtime_error
CDB() : can't open database file , error 21
KeyCoin in Runaway exception
___________
After that I relaunched it while holding down the Command button, which I've heard bypasses some permissions settings in OSX, and it launched up for me at last!
I am now able to just double-click the .app to open the wallet as well.
Thanks to everyone for helping with troubleshooting, it's always great to have real-world situations to work with. I will rehost the wallet on a different server soon, but would still like to do some additional testing to confirm that we have identified the primary issue.
September 10, 2014, 10:19:34 AM
Ok stakers, is it best to combine all your coins at once to a wallet and let them mature to stake, or does it really matter. Is it best to leave the wallet open 24/7 for staking, or should you only try to stake when the weight is low. I saw someone earlier say the difficulty for staking is based on the coin age, so you can't get away with that shit, but these are questions I often ponder.
For network security, 24x7 staking is best.
September 10, 2014, 04:47:13 AM
Ok stakers, is it best to combine all your coins at once to a wallet and let them mature to stake, or does it really matter. Is it best to leave the wallet open 24/7 for staking, or should you only try to stake when the weight is low. I saw someone earlier say the difficulty for staking is based on the coin age, so you can't get away with that shit, but these are questions I often ponder.
September 10, 2014, 03:25:05 AM
Is keytrader out yet? I have the vm running but don see keytrader in the image.
Cheers,
Pit
Cheers,
Pit
We're currently doing lots of internal testing and debugging for the next build of KeyTrader (which will be cross-platform). We're trying our hardest to break it so the release is stable, then we'll go ahead and get it packaged into the KeyOS ISO.
I've also been working with a few community members to tackle an issue with OSX wallet downloads, and we have narrowed things down quite a bit. If anyone else has an issue with their OSX QT wallet, please post here! It would be great to try out a solution with another user.
I've been going around downloading a bunch of different coins' wallets for testing's sake and I'm finding that for me it's only the ones that are hosted on MEGA that have launch problems when downloaded through Safari.
I'm running Mac 10.9.4.
It is quite common for Qt wallets to crash on 1st launch as they seek files not yet written but they usually work fine with subsequent starts. Same happened when I first started the wallet extracted from KeyCoin-Qt.zip but all seems to be in order now.
What troubles are being reported?
September 10, 2014, 02:24:23 AM
Is keytrader out yet? I have the vm running but don see keytrader in the image.
Cheers,
Pit
Cheers,
Pit
We're currently doing lots of internal testing and debugging for the next build of KeyTrader (which will be cross-platform). We're trying our hardest to break it so the release is stable, then we'll go ahead and get it packaged into the KeyOS ISO.
I've also been working with a few community members to tackle an issue with OSX wallet downloads, and we have narrowed things down quite a bit. If anyone else has an issue with their OSX QT wallet, please post here! It would be great to try out a solution with another user.
I've been going around downloading a bunch of different coins' wallets for testing's sake and I'm finding that for me it's only the ones that are hosted on MEGA that have launch problems when downloaded through Safari.
That's what I've found mostly, but you did have to take some additional steps to get it working after downloading through Chrome as well, correct?
September 10, 2014, 02:21:02 AM
Is keytrader out yet? I have the vm running but don see keytrader in the image.
Cheers,
Pit
Cheers,
Pit
We're currently doing lots of internal testing and debugging for the next build of KeyTrader (which will be cross-platform). We're trying our hardest to break it so the release is stable, then we'll go ahead and get it packaged into the KeyOS ISO.
I've also been working with a few community members to tackle an issue with OSX wallet downloads, and we have narrowed things down quite a bit. If anyone else has an issue with their OSX QT wallet, please post here! It would be great to try out a solution with another user.
I've been going around downloading a bunch of different coins' wallets for testing's sake and I'm finding that for me it's only the ones that are hosted on MEGA that have launch problems when downloaded through Safari.
September 09, 2014, 11:41:56 PM
Is keytrader out yet? I have the vm running but don see keytrader in the image.
Cheers,
Pit
Cheers,
Pit
We're currently doing lots of internal testing and debugging for the next build of KeyTrader (which will be cross-platform). We're trying our hardest to break it so the release is stable, then we'll go ahead and get it packaged into the KeyOS ISO.
I've also been working with a few community members to tackle an issue with OSX wallet downloads, and we have narrowed things down quite a bit. If anyone else has an issue with their OSX QT wallet, please post here! It would be great to try out a solution with another user.
September 09, 2014, 04:02:54 PM
Is keytrader out yet? I have the vm running but don see keytrader in the image.
Cheers,
Pit
Cheers,
Pit
September 09, 2014, 01:22:13 PM
It shouldn't make the network any faster, it should continue to average 1 block per minute and if it gets faster than that then the difficulty (and network weight) should increase to compensate. Having more people staking does however increase network security, it's not really a good thing having so few control block generation.
At +8 hours an input becomes eligible and you'll get a value for network weight, the size of this value is dependent on the amount of the input and coin age. The higher the value, the larger your weight number. In addition, as time goes by without receiving a reward, your weight grows. (Also any other eligible inputs add to your weight.)
Network weight / your weight = approximate time in minutes to next reward.
Oh thats great new info for me At +8 hours an input becomes eligible and you'll get a value for network weight, the size of this value is dependent on the amount of the input and coin age. The higher the value, the larger your weight number. In addition, as time goes by without receiving a reward, your weight grows. (Also any other eligible inputs add to your weight.)
Network weight / your weight = approximate time in minutes to next reward.
Now i understand it much better..ty:-)
September 09, 2014, 07:53:12 AM
It shouldn't make the network any faster, it should continue to average 1 block per minute and if it gets faster than that then the difficulty (and network weight) should increase to compensate. Having more people staking does however increase network security, it's not really a good thing having so few control block generation.
At +8 hours an input becomes eligible and you'll get a value for network weight, the size of this value is dependent on the amount of the input and coin age. The higher the value, the larger your weight number. In addition, as time goes by without receiving a reward, your weight grows. (Also any other eligible inputs add to your weight.)
Network weight / your weight = approximate time in minutes to next reward.
At +8 hours an input becomes eligible and you'll get a value for network weight, the size of this value is dependent on the amount of the input and coin age. The higher the value, the larger your weight number. In addition, as time goes by without receiving a reward, your weight grows. (Also any other eligible inputs add to your weight.)
Network weight / your weight = approximate time in minutes to next reward.
September 09, 2014, 06:54:56 AM
and where could i find explanation about my wallet weight and network weight .. is my weight some kind of percentage of whole network and it depends on number of coins i put on stake?
if someone could point me to a page where i could read more about those 2 values , i'd be very thankful. cause i feel im harassing you too much with these questions. tyvm in advance
rudar
if someone could point me to a page where i could read more about those 2 values , i'd be very thankful. cause i feel im harassing you too much with these questions. tyvm in advance
rudar
Once you have your wallet encrypted. You can unlock your wallet "for staking only." On the bottom right corner of the wallet window. You will see 4 indicators. One tells you if your wallet is locked or unlocked (but encrypted) the up arrow tells you if your coins are mature enough for staking and if so it turns a green color and tells you your weight out of the network weight and how soon you'll expect a stake reward. The other two have to do with wallet syncs.
As for your previous post I think Petri1fied or someone else should answer that one. Im pretty sure it helps make the system more secure and faster, but I don't know how it affects staking payout as a whole.
Yes i agree with you. And thanks.
What i actualy want to know is: how does system calculate those two values( netweight and my weight) ?
Is there a formula or something else?
September 09, 2014, 04:16:26 AM
and where could i find explanation about my wallet weight and network weight .. is my weight some kind of percentage of whole network and it depends on number of coins i put on stake?
if someone could point me to a page where i could read more about those 2 values , i'd be very thankful. cause i feel im harassing you too much with these questions. tyvm in advance
rudar
if someone could point me to a page where i could read more about those 2 values , i'd be very thankful. cause i feel im harassing you too much with these questions. tyvm in advance
rudar
Once you have your wallet encrypted. You can unlock your wallet "for staking only." On the bottom right corner of the wallet window. You will see 4 indicators. One tells you if your wallet is locked or unlocked (but encrypted) the up arrow tells you if your coins are mature enough for staking and if so it turns a green color and tells you your weight out of the network weight and how soon you'll expect a stake reward. The other two have to do with wallet syncs.
As for your previous post I think Petri1fied or someone else should answer that one. Im pretty sure it helps make the system more secure and faster, but I don't know how it affects staking payout as a whole.
September 09, 2014, 03:39:22 AM
and where could i find explanation about my wallet weight and network weight .. is my weight some kind of percentage of whole network and it depends on number of coins i put on stake?
if someone could point me to a page where i could read more about those 2 values , i'd be very thankful. cause i feel im harassing you too much with these questions. tyvm in advance
rudar
if someone could point me to a page where i could read more about those 2 values , i'd be very thankful. cause i feel im harassing you too much with these questions. tyvm in advance
rudar
September 09, 2014, 03:03:26 AM
eh now you all me make wonder ..
so you guys say... if more people stake... network becomes faster and secure and we all get faster rewards.?
so you guys say... if more people stake... network becomes faster and secure and we all get faster rewards.?
September 08, 2014, 08:46:05 PM
There's definitely an element of compound interest but it's hard to create a formula which will tell you how many coins you will get in 1 year because there are too many factors to take into account. At minimum it takes 8 hours before an input becomes eligible to stake but the time taken is also dependent on the number of coins in that input, on my staking wallet I have some unspent inputs that are 60 hours old and haven't staked yet.
Lets say you deposit 1000, after the first cycle the input for 1000 is spent and in return you'd get 2 new inputs of 500 (+ interest, +fees (if applicable)), then at the next cycle you stake each of these 2 inputs and end up with 4 inputs of 250 (+interest, +fees (if applicable)). This process continues so you end up getting ever more inputs of ever decreasing values, each of which require staking.
I personally thought this process of creating ever more transactions continued indefinitely and as such used to manually send all these tiny inputs as larger values every few days. However, I have since learned that the wallet keeps the number of inputs in check itself. If there are too many unspent inputs then it may take several smaller inputs of appropriate coin age and stake them simultaneously, creating 1 new input and bringing the unspent input count back down.
I only wish more people would stake. The more coins removed from Bittrex, the better for all.
Lets say you deposit 1000, after the first cycle the input for 1000 is spent and in return you'd get 2 new inputs of 500 (+ interest, +fees (if applicable)), then at the next cycle you stake each of these 2 inputs and end up with 4 inputs of 250 (+interest, +fees (if applicable)). This process continues so you end up getting ever more inputs of ever decreasing values, each of which require staking.
I personally thought this process of creating ever more transactions continued indefinitely and as such used to manually send all these tiny inputs as larger values every few days. However, I have since learned that the wallet keeps the number of inputs in check itself. If there are too many unspent inputs then it may take several smaller inputs of appropriate coin age and stake them simultaneously, creating 1 new input and bringing the unspent input count back down.
I only wish more people would stake. The more coins removed from Bittrex, the better for all.
thanks for the detailed explanation! exactly what I was looking for
i did my best to understand you so let me ask you: ..so if i stake 1000key, pos will automatically divide it in 2 new inputs(500 + interest) for the next cycle and repeat it next time... like 4 new inputs of 250 key (+interest)... and that continues indefinitely. SO.. you say that is better (faster staking cycle?/higher pos reward?) to merge those small inputs after few cycles in much bigger inputs? So bigger inputs is better than tiny inputs for staking? or I misunderstood you?
i'm all for staking .. so thanks in advance!
Rudar
Basically yes but it reaches a point where it starts automatically recombining several smaller transactions into one larger one. Essentially doing the reverse of the splitting behavior to make sure you never have too many unspent inputs at any one time.
The reward isn't any higher since it's dependent on the input value/coin age. The more often you stake the more likely you are to pick up fees in addition to interest.
Yea you make me wonder about that. What are the hidden fees for a mined transaction. I know it would have to be miniscule. And I'd hope it goes to a dev team wallet. Heck I even brought that subject up on Blackcoin. Asked them if they could implement a donation fee percentage indicator for staking. The donated percentage would go to a dev team address to help fund them. Blackcoin said it was a very easy thing to do but the head man didn't like the idea of having a donate indicator built into the wallet for some reason. Why not. These wallets already have a pay transaction fee tab that I can bump up in price if I want to get my payment transaction processes to run faster.
Could be just as simple as copying that same program feature yet, make it "stake transaction fee" tab where it has a default setting of like .00001 Key per transaction for the process of confirming immature coins to 50 confirmations. What if I bumped up the fee to .000075. Dev's get the cut and my immature staked coins reach 50 confirmations faster, so I could spend or stake it faster than the average joe that never wants to help out the devs. It would be a win win situation.
Thoughts?
/ hitting the sack, night all!
September 08, 2014, 08:23:41 PM
There's definitely an element of compound interest but it's hard to create a formula which will tell you how many coins you will get in 1 year because there are too many factors to take into account. At minimum it takes 8 hours before an input becomes eligible to stake but the time taken is also dependent on the number of coins in that input, on my staking wallet I have some unspent inputs that are 60 hours old and haven't staked yet.
Lets say you deposit 1000, after the first cycle the input for 1000 is spent and in return you'd get 2 new inputs of 500 (+ interest, +fees (if applicable)), then at the next cycle you stake each of these 2 inputs and end up with 4 inputs of 250 (+interest, +fees (if applicable)). This process continues so you end up getting ever more inputs of ever decreasing values, each of which require staking.
I personally thought this process of creating ever more transactions continued indefinitely and as such used to manually send all these tiny inputs as larger values every few days. However, I have since learned that the wallet keeps the number of inputs in check itself. If there are too many unspent inputs then it may take several smaller inputs of appropriate coin age and stake them simultaneously, creating 1 new input and bringing the unspent input count back down.
I only wish more people would stake. The more coins removed from Bittrex, the better for all.
Lets say you deposit 1000, after the first cycle the input for 1000 is spent and in return you'd get 2 new inputs of 500 (+ interest, +fees (if applicable)), then at the next cycle you stake each of these 2 inputs and end up with 4 inputs of 250 (+interest, +fees (if applicable)). This process continues so you end up getting ever more inputs of ever decreasing values, each of which require staking.
I personally thought this process of creating ever more transactions continued indefinitely and as such used to manually send all these tiny inputs as larger values every few days. However, I have since learned that the wallet keeps the number of inputs in check itself. If there are too many unspent inputs then it may take several smaller inputs of appropriate coin age and stake them simultaneously, creating 1 new input and bringing the unspent input count back down.
I only wish more people would stake. The more coins removed from Bittrex, the better for all.
thanks for the detailed explanation! exactly what I was looking for
i did my best to understand you so let me ask you: ..so if i stake 1000key, pos will automatically divide it in 2 new inputs(500 + interest) for the next cycle and repeat it next time... like 4 new inputs of 250 key (+interest)... and that continues indefinitely. SO.. you say that is better (faster staking cycle?/higher pos reward?) to merge those small inputs after few cycles in much bigger inputs? So bigger inputs is better than tiny inputs for staking? or I misunderstood you?
i'm all for staking .. so thanks in advance!
Rudar
Basically yes but it reaches a point where it starts automatically recombining several smaller transactions into one larger one. Essentially doing the reverse of the splitting behavior to make sure you never have too many unspent inputs at any one time.
The reward isn't any higher since it's dependent on the input value/coin age. The more often you stake the more likely you are to pick up fees in addition to interest.
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