Topic: [ANN] Maieuticoin | 2014% PoS | 10k/MMXIV and BALLS/MMXIV Markets NOW OPEN - page 78. (Read 283202 times)

From what I can tell, 0.01 M is just the minimum fee.  If I try to send 1 or 2 M it pops up telling me the fee is 0.01 M

Sending 5M costs 0.02 M
Sending 10M costs 0.03 M
Sending 15M costs 0.03 M
Sending 20M costs 0.04 M
Sending 25M costs 0.05 M
Sending 30M costs 0.07 M

Not sure what the formula is there, but like many coins, the transaction fee is higher for larger amounts.  0.02 for a withdrawal on Bittrex sounds like a damn good deal if you have > 5 M

I suspect it is too, which leads me to wonder why the message always says I've exceeded the limit. If all transfers "exceed the limit" then why say so? Saying the transfer exceeds the limit implies there's an amount you can send with no fee, and if that is not the case it should be made clear what that is.

You are correct that there are many mysteries surrounding the details of how this coin works. I hope you can get us some answers, they do not make it easy.

I have been searching through this thread to find a specification of the staking of this coin, since there is almost no info in the OP spec.
What I found was that staking starts after an input is 24 hours in the same address. My coins finally started staking, but it took the wallet much longer than 24h before it indicated that staking was enabled. Using the 24h and the 2 min block time, you'd expect that after 720 blocks the staking of an input will be enabled. In my case (one input in the wallet) it started displaying that staking was enabled after about 820 confirmations on that input, so about 3 hours too late. Is this a known deviation or is there a bug in the wallet?

Then I read that after 30 days in the same address, an input stops staking. It is not clear to me if that means that I need to move ALL my balance after 30 days or only the inputs that have not yet staked after 30 days (since staked inputs are considered new inputs) or that after 30 days the coins simply stop accumulating more weight, but will still stake with the existing weight (like most other PoS coins do)?

Then there is the issue of optimizing the chances of staking and the staking rewards - how much are they? There is nothing in the OP other than that it can be expected that there is almost 1% staking rewards for a 50% early interest. Good, but how is it rewarded - based on what?
I have other coins where you need to split them up in small inputs, because each input gets a fixed reward. If you leave your coin in one large input, it will only stake once every time it matures and give you one fixed reward. If you divide it into small amounts (there is a minimum for staking block size though) then you get as many times the same reward, once for each staking input.
Then there are coins which have a maximum reward per stake, so you don't want one single input because the reward will be capped to max and you need to split into multiple inputs to maximize the rewards.
I see no spec of the PoS workings of this coin in the OP other than a maturity period and some maximum that is not explained and I can't find it after 1 hour of searching either, so I hope someone here can give a few details how to optimize the PoS and hopefully it can be added to the OP.
Thanks!

The limit is likely zero, since I understand that this coin has a fixed fee of 0.01 coin for any transfer.
Since these details are not specified (that I could find), it is hard to know for sure though.

It would also be nice if the message would state what the limit is to avoid a fee.

I checked the wallet and it takes a fee of 0.01M (about 25,000 Sat) to send, so BitTrex is doubling this fee and pocketing 25,000 Sat for a transaction, whereas other coins take a transaction fee (payment to the exchange) in the hundreds of Sat.

Another issue is that the wallet apparently is in error, it states:
"This transaction is over the size limit. You can still send it for a fee of 0.01 M which goes to the nodes that process your transaction and helps to support the network."
I know that this is the standard text, but instead of sending to miners (as the wallet claims and other coins do) this coin is destroying the transaction fees to reduce the 50% inflation it creates from Staking.
So, the wallet needs to be updated if I understand you correctly, to line up with the coin spec.

Who is dumping almost 2 btc? Can you lower your sell price a bit more, so it would fill my buy order.
On a side note- Is 50% annually the max a person could stake? Even if very few people are staking their coins?

You can submit a support ticket at Bittrex and ask, but it's unlikely this will change.  It needs to be pretty high so they don't get stuck paying part of the fee for you when you withdraw. 

The transaction fees for M are actually quite high compared to most other coins.  This is done intentionally to control inflation, since the coin has a 50% interest rate.  Without this high fee, which is destroyed rather than paid out to miners, the coin supply of M would grow very rapidly, decreasing the value of the coin.

That is correct, if you keep your wallet open, your coins will stake as normal.

Ah, thanks!
That makes sense (since the offline staking was a central controlled feature) and our wallets are de-centralized.
Ouch - withdrawal fee on BitTrex is excessive: 50,000 Sat to withdraw - that in comparison to 140 Sat for Doge...
Who has contact with BitTrex to request lowering the withdrawal fee to a more reasonable amount?

   OP says offline staking will end Nov, 1st.  I understanding that to mean wallet staking will continue as normal. 

Ehhh, I have been buying so that I can swap for new coins. Now that launch is postponed, is the staking continuing beyond Nov1?
Please update the OP so it is clear to everyone what is happening and I can take action such as moving coins from exchange to wallet
for staking, instead of leaving them on the exchange for sending them to the burn address.

I'm not totally sure about this but here goes.  I believe the network weight represents everyone currently staking their coins, and your weight is a portion of that based on the amount of coins you currently have staked.  It works kindof like your hashrate if you were mining - the more coins you have, the more weight you have, the more stake you generate.

What does stake weight mean ?

sych complete and got my first stake on wallet 1.0.3

by the way what does Option "minimize weight consumption" do?

I face same problem again....I dunno what to do?
Assertion failed.

Edit: now working with old wallet fine pending reward coming.

good to hear, i just downloaded 1.0.3 and redownloading the blockchain now

really glad to see that coin control has been included in latest wallet

No, Not the SnowBall! I have tons of people interested....... Get a can of wasp bug spray (DO NOT SPRAY YOURSELF OR ANYONE) lift up the MMXIV2 Maieuticoin hood, and get the bugs out and lets get this show on the road! Let it snow, let it snow, let it snow!! With the New Snowball!!!...;-)

~NorCal

Our pro mod, mprep, has now deleted the Snowball pre-order thread. Thanks for that you piece of shit. I will be spamming the FUCK out of this thread now with Snowball information since he likes to censor everything we do. First it was offline staking, now it's the Snowball. Fuck you mprep. Your days as a mod here are numbered if you keep this shit up. Nobody likes you, you're terrible at what you do, and you are a nobody in alt coins. Stop fucking with people doing actual work. Keep stifling progress; that's what Bitcoin is all about