★[ANN] [NAV] NAV COIN - Community Fund Live!!! - page 1013.

hashforce101

legendary

Activity: 1050

Merit: 1000

Quote from: pakage on October 09, 2014, 05:52:51 PM

Quote from: bspus on October 09, 2014, 05:46:02 PM

I'm sure I've seen a post in this thread about maximum age changing to one day but can't be bothered to look for it now

I asked before if the website info is dated but never got an answer

I think you're right and the website info is out of date. I'll update the staking specifications on the website once I get the exact details from Soopy.

Thanks for reminding me

Good work bro!

skidog

legendary

Activity: 1393

Merit: 1001

Quote from: bocyaj on October 09, 2014, 03:42:59 PM

Quote from: bspus on October 09, 2014, 03:31:09 PM

Quote from: bocyaj on October 09, 2014, 01:46:03 PM

My understanding of staking amounts is as follows:

- the chance of you staking is based on the number of coins and the age of coins. ( coins in your wallet are not all the same age, so stake at different times )
- the amount of coins you get when stake a POS blocks is determined by their age (ages gets reset when the coins stake). Meaning your stake will be greater if the same number of coins staked are older.

so the more people on the network would statistically give you a smaller chance of actual staking a block, but would not affect the amount of coins you stake in that block.

Besides assuring a stable network which don't get me wrong is VERY important, keeping your wallet open 24/7 will not earn you many more coins than if per-say you opened your wallet once week to let your coins stake. However if you only open it once a month or less often, you would start missing a noticeable amount of compoundable interest.

I think maximum coin age is 1 day, so opening only once a week you do lose. Not to mention that if you have many coins, it will take hours for them all to stake as they do so in small chunks. If you have say 100000 coins you can't just open it for 30 mins a week.

I have 200000 on a wallet that is open 16 hours a day, everyday and the flow of stakes is pretty stable, about 3-4 blocks an hour.
If I left it open just 3-4 hours the stakes would be fewer and there is no way they could be large enough to make up for it, because I have never seen anything bigger than around 2.5 NAV stake. If I only opened it once a week even for a full day, earning would be a lot lower and I'm not even talking compounding

More people (coins actually) staking on the network will certainly reduce your average POS earnings. Either that, or the rate of increase of the money supply would not be stable over time (not talking about planned reduction here)

true enough, you would have to leave your wallet open for a while each week to let the coins stake. However, you could also just send all your coins to yourself in one batch which would make them stake all at once ( pertty sure anyways), let it stake once and then close it. The next time it would be 2 stakes, then 4 and so on.... when it gets too high start all over.

But really, the best option is to leave your wallet open all the time, support the network and support nav.

the min stake age is 4 days and the max is unlimited according to the OP.

I believe that op is not correct. It needs up dating.

icekohl

full member

Activity: 339

Merit: 100

Quote from: gorian on October 09, 2014, 10:21:34 AM

Someone really wants to be in "Club Millionaire" Cheesy

And another question while we're on POS.
I have 9 connections to the network! Someone said that he has ~50 connections to the network.
I have other wallets with 5/20/60 connections! My question is whether the place / internet provider or something else?
It's not important! But I sometimes have "generated not accessible" blocks. Would I have less of these if I have more connections to the network?
/config file is the one from the archive/

New wallet.
Don't use a config.
Just save Wallet.dat wipe rest of appdata

Currently show 52 connections.

Generated not accessible I think you are misreading as it should say Generated but not accepted. I get about 2 a day, usually means someone else on the network found the block within a few seconds before your wallet found the same block or it's just a reject block.

pakage

hero member

Activity: 794

Merit: 510

NavCoin Founder

Quote from: bspus on October 09, 2014, 05:46:02 PM

I'm sure I've seen a post in this thread about maximum age changing to one day but can't be bothered to look for it now

I asked before if the website info is dated but never got an answer

I think you're right and the website info is out of date. I'll update the staking specifications on the website once I get the exact details from Soopy.

Thanks for reminding me

bspus

legendary

Activity: 2165

Merit: 1002

Quote from: bocyaj on October 09, 2014, 03:42:59 PM

However, you could also just send all your coins to yourself in one batch which would make them stake all at once ( pertty sure anyways), let it stake once and then close it.

It doesn't. I used to have it all on bittrex. Sent it to wallet in a couple of transactions but they all stake separately in chunks of 1000 to 2000 coins. Payoff seems random too since they all started with practically the same age

I remember other coins that POS the way you describe. ZEIT was like that. Every 20 or so days like clockwork. I knew how many would stake and what the payoff would be so I only opened wallet every 20 days for a few hours and got 100% of the staking that I was entitled to

Quote from: bocyaj on October 09, 2014, 03:42:59 PM

the min stake age is 4 days and the max is unlimited according to the OP.

That was the case before the double spend attack. Actually the double spend was made possible because of it. Some people had accumulated coins with a lot of age and used them in coordination to cheat. I think that was the story anyway. It would have been a lot harder if not impossible with limited maximum age and more people staking.

I'm sure I've seen a post in this thread about maximum age changing to one day but can't be bothered to look for it now

I asked before if the website info is dated but never got an answer

bocyaj

sr. member

Activity: 1313

Merit: 302

Quote from: bspus on October 09, 2014, 03:31:09 PM

Quote from: bocyaj on October 09, 2014, 01:46:03 PM

My understanding of staking amounts is as follows:

- the chance of you staking is based on the number of coins and the age of coins. ( coins in your wallet are not all the same age, so stake at different times )
- the amount of coins you get when stake a POS blocks is determined by their age (ages gets reset when the coins stake). Meaning your stake will be greater if the same number of coins staked are older.

so the more people on the network would statistically give you a smaller chance of actual staking a block, but would not affect the amount of coins you stake in that block.

Besides assuring a stable network which don't get me wrong is VERY important, keeping your wallet open 24/7 will not earn you many more coins than if per-say you opened your wallet once week to let your coins stake. However if you only open it once a month or less often, you would start missing a noticeable amount of compoundable interest.

I think maximum coin age is 1 day, so opening only once a week you do lose. Not to mention that if you have many coins, it will take hours for them all to stake as they do so in small chunks. If you have say 100000 coins you can't just open it for 30 mins a week.

I have 200000 on a wallet that is open 16 hours a day, everyday and the flow of stakes is pretty stable, about 3-4 blocks an hour.
If I left it open just 3-4 hours the stakes would be fewer and there is no way they could be large enough to make up for it, because I have never seen anything bigger than around 2.5 NAV stake. If I only opened it once a week even for a full day, earning would be a lot lower and I'm not even talking compounding

More people (coins actually) staking on the network will certainly reduce your average POS earnings. Either that, or the rate of increase of the money supply would not be stable over time (not talking about planned reduction here)

true enough, you would have to leave your wallet open for a while each week to let the coins stake. However, you could also just send all your coins to yourself in one batch which would make them stake all at once ( pertty sure anyways), let it stake once and then close it. The next time it would be 2 stakes, then 4 and so on.... when it gets too high start all over.

But really, the best option is to leave your wallet open all the time, support the network and support nav.

the min stake age is 4 days and the max is unlimited according to the OP.

bspus

legendary

Activity: 2165

Merit: 1002

Quote from: bocyaj on October 09, 2014, 01:46:03 PM

My understanding of staking amounts is as follows:

- the chance of you staking is based on the number of coins and the age of coins. ( coins in your wallet are not all the same age, so stake at different times )
- the amount of coins you get when stake a POS blocks is determined by their age (ages gets reset when the coins stake). Meaning your stake will be greater if the same number of coins staked are older.

so the more people on the network would statistically give you a smaller chance of actual staking a block, but would not affect the amount of coins you stake in that block.

Besides assuring a stable network which don't get me wrong is VERY important, keeping your wallet open 24/7 will not earn you many more coins than if per-say you opened your wallet once week to let your coins stake. However if you only open it once a month or less often, you would start missing a noticeable amount of compoundable interest.

I think maximum coin age is 1 day, so opening only once a week you do lose. Not to mention that if you have many coins, it will take hours for them all to stake as they do so in small chunks. If you have say 100000 coins you can't just open it for 30 mins a week.

I have 200000 on a wallet that is open 16 hours a day, everyday and the flow of stakes is pretty stable, about 3-4 blocks an hour.
If I left it open just 3-4 hours the stakes would be fewer and there is no way they could be large enough to make up for it, because I have never seen anything bigger than around 2.5 NAV stake. If I only opened it once a week even for a full day, earning would be a lot lower and I'm not even talking compounding

More people (coins actually) staking on the network will certainly reduce your average POS earnings. Either that, or the rate of increase of the money supply would not be stable over time (not talking about planned reduction here)

juguelio

hero member

Activity: 687

Merit: 500

Hi friends,
Any news on the development of the Mac wallet?
I really need to switch soon since will shoot down my mining rig
Thanks!

bocyaj

sr. member

Activity: 1313

Merit: 302

Quote from: paycum on October 09, 2014, 12:28:48 PM

its prety hard to see how much you can stake a day as it depends on various factors right?
The more people connected the less stake you earn.

sometimes i start with earning 2 nav every 30 seconds and sometimes 2 nav every 2 minutes and so on... most of the time only an x percentage of my coins is stakable..

i sometimes stake but im a greedy guy and seeing only a few nav each day isnt making me smile hehe, so it isnt really interesting for me, so i only stake when i think about it and when nothing else runs on my computer.

My understanding of staking amounts is as follows:

- the chance of you staking is based on the number of coins and the age of coins. ( coins in your wallet are not all the same age, so stake at different times )
- the amount of coins you get when stake a POS blocks is determined by their age (ages gets reset when the coins stake). Meaning your stake will be greater if the same number of coins staked are older.

so the more people on the network would statistically give you a smaller chance of actual staking a block, but would not affect the amount of coins you stake in that block.

Besides assuring a stable network which don't get me wrong is VERY important, keeping your wallet open 24/7 will not earn you many more coins than if per-say you opened your wallet once week to let your coins stake. However if you only open it once a month or less often, you would start missing a noticeable amount of compoundable interest.

It's like mortgage payments.... you save good chunk of money to pay your mortgage bi-weekly as opposed to monthly, you save a little bit more if you pay weekly as opposed to bi-weekly. If you were to make mortgage payments daily as opposed to weekly, the savings would be very minimal.

Borin

full member

Activity: 260

Merit: 103

I dont care about staking. In this situation only what can make me happy, its nav for more than 3k sat. But I still dreaming about 10k.

Someone knows something about octobers updates? We need some action!

paycum

sr. member

Activity: 518

Merit: 250

its prety hard to see how much you can stake a day as it depends on various factors right?
The more people connected the less stake you earn.

sometimes i start with earning 2 nav every 30 seconds and sometimes 2 nav every 2 minutes and so on... most of the time only an x percentage of my coins is stakable..

i sometimes stake but im a greedy guy and seeing only a few nav each day isnt making me smile hehe, so it isnt really interesting for me, so i only stake when i think about it and when nothing else runs on my computer.

gorian

sr. member

Activity: 336

Merit: 250

Someone really wants to be in "Club Millionaire" Cheesy

And another question while we're on POS.
I have 9 connections to the network! Someone said that he has ~50 connections to the network.
I have other wallets with 5/20/60 connections! My question is whether the place / internet provider or something else?
It's not important! But I sometimes have "generated not accessible" blocks. Would I have less of these if I have more connections to the network?
/config file is the one from the archive/

bspus

legendary

Activity: 2165

Merit: 1002

If you can make 400 NAV a day by staking you have quite a lot.

At current volumes there is no way you could move it all so fast as you say to take advantage of fluctuations. That is something you can do with consistently high volume coins.

You could do just as well keeping 25% in an exchange and the rest in your wallet, generating 300 NAV a day.

Even at 250 a piece, it's 75000 sat per day. Like having 50GH BTC hashing power at the cost of a PC running.

But by all means, do keep it up. We'll take care of those POS block for you, no sweat

Borin

full member

Activity: 260

Merit: 103

I understand at staking is very important thing for coin, and I appreciate it.

PS. Look for BTC, this stady grow is nice, also NAV finally looks better. Its good time for update

Remy_5

hero member

Activity: 1194

Merit: 502

Quote from: Borin on October 09, 2014, 08:18:53 AM

Quote from: Remy_5 on October 09, 2014, 06:02:36 AM

3) In the top ten of the addresses, only two are creating stake, thousands of coins each week.
The other 8 no, they probably are the addresses of the exchanges or deposited with them,
or they keep their wallets closed.
And if they keep them closed, then they are idiots because they are losing a lot.

Probably I'm one of those ,,idiots"... But mine computer is not so healthy, and may die at any moment, so I can accept a ~400 NAVs loss every day without staking. Its still better than lose all.

Many people knows at one good transaction can made much more than one year staking, so they dont playing in POS game...

If your is a conscious and deliberate choice, ok, after all, those are your money.

It will mean that it will be more easy to keep inflation low, and that for the rest of us "small" with less
competition it will be easier to generate POS blocks. Grin

We currently do not have these problems, however, if this kind of behavior to be affirmed in general,
then all the crypto currencies that carry transactions through POS blocks, would rapidly become
unusable without a consistent number of open wallet.

Consequently, the value of coins unusable can not but collapse, and in this case there is no
backup that can save them.
In other words, the best way to protect your investment is to be an active part of the game.

Just my point of view.

Bye Bye

Borin

full member

Activity: 260

Merit: 103

Quote from: Remy_5 on October 09, 2014, 06:02:36 AM

Quote from: hashforce101 on October 09, 2014, 04:38:47 AM

I wonder who belongs to the million NavajoCoin Club

Well, from independent research I can tell you that... I can not play the game, it would not be fair. Grin

But a couple of things I am willing to tell without affecting the game:
1) Through the Rich List, we could see which addresses are heavier, but we do not have to
know how many elements of those addresses belong to the same person.

2) There are currently more than 3000 addresses that maintain a total greater than 0,
most of them are marginal, perhaps only used for the rest, while those used in total at
least once, are more than 26K.

3) In the top ten of the addresses, only two are creating stake, thousands of coins each week.
The other 8 no, they probably are the addresses of the exchanges or deposited with them,
or they keep their wallets closed.
And if they keep them closed, then they are idiots because they are losing a lot.

4) Do independent research, it takes a very long time. Embarrassed

Bye Bye

Probably I'm one of those ,,idiots"... But mine computer is not so healthy, and may die at any moment, so I can accept a ~400 NAVs loss every day without staking. Its still better than lose all.

Many people knows at one good transaction can made much more than one year staking, so they dont playing in POS game...

Remy_5

hero member

Activity: 1194

Merit: 502

Quote from: hashforce101 on October 09, 2014, 04:38:47 AM

I wonder who belongs to the million NavajoCoin Club

Well, from independent research I can tell you that... I can not play the game, it would not be fair. Grin

But a couple of things I am willing to tell without affecting the game:
1) Through the Rich List, we could see which addresses are heavier, but we do not have to
know how many elements of those addresses belong to the same person.

2) There are currently more than 3000 addresses that maintain a total greater than 0,
most of them are marginal, perhaps only used for the rest, while those used in total at
least once, are more than 26K.

3) In the top ten of the addresses, only two are creating stake, thousands of coins each week.
The other 8 no, they probably are the addresses of the exchanges or deposited with them,
or they keep their wallets closed.
And if they keep them closed, then they are idiots because they are losing a lot.

4) Do independent research, it takes a very long time. Embarrassed

Bye Bye

hashforce101

legendary

Activity: 1050

Merit: 1000

Quote from: gorian on October 09, 2014, 05:12:07 AM

My guess nobody has more than ~4 million (3,5 million/4 million).
I am far from these, but my bag is full! There's no trying to fill more ... unless things go very well / fast... in this case Roll Eyes

That is going to be an EPIC day! World Record Pump that all the Altcoin News outlets will watch. The altcoin world will go dam NavajoCoin . Look out Litecoin

gorian

sr. member

Activity: 336

Merit: 250

My guess nobody has more than ~4 million (3,5 million/4 million).
I am far from these, but my bag is full! There's no trying to fill more ... unless things go very well / fast... in this case Roll Eyes

p.s. ...in the last two months it appears that I have invested ~0.5 BTC! More than I earned in that time!

GREEDYJOHN

legendary

Activity: 1778

Merit: 1000

Quote from: juguelio on October 09, 2014, 04:45:53 AM

I feel super poor with my 100k...
I better hurry up and buy some NAVS then...

We are all in the same boat - I wish I sold out at 2k sat to buy back at 250 sat.

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