(ANN) Netcoin has gone POS! With PIR & OWI - page 35.

tepelstreeltje

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Quote from: gravitate on July 27, 2015, 09:34:24 AM

what about 10 MIL?

10M will give you 100% annual so approx 50% or 27397.3 Net per day until the change then it will drop too 45% annual.
There is a PIR calculator in the wallet where you can see the daily stake and % apr for a given amount.

Quote from: gravitate on July 27, 2015, 09:34:48 AM

And also the coins come in your wallet after how long?

It takes 70 blocks to confirm so around 70 minutes.
New coins start to stake after a hour but the confirming takes longer so coins start staking again when confirmed.

Quote from: gravitate on July 27, 2015, 09:39:07 AM

Also can anyone sell a large amount to me please? Like 10 Mill for 20 BTC would be good.

Think you will have a hard time finding someone because 10m will put you on the 12th spot in the richlist and there are only 5 spots with more than 20m.
But yah never know maybe you get lucky, think best chance you have is in cryptsy chatbox (my guess is cryptsy's Net wallet is 3th spot with 40m in it) Wink

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legendary

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Also can anyone sell a large amount to me please? Like 10 Mill for 20 BTC would be good.

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legendary

Activity: 1372

Merit: 1000

And also the coins come in your wallet after how long?

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legendary

Activity: 1372

Merit: 1000

what about 10 MIL?

Netcoin Foundation

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The other nice thing is with a good amount of NET, expect to see your stakes rolling in every 4-6 hours. You don't need to do anything, or 'set up' ideal blocks of coins, etc.

Netcoin Foundation

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Quote from: gravitate on July 27, 2015, 05:58:47 AM

Quote from: Netcoin Foundation on July 27, 2015, 04:37:21 AM

Quote from: gravitate on July 27, 2015, 01:35:47 AM

Guys my wallet is stuck downloading blocks. This means its online but stuck downloading block chain. Any ideas?

Hey hey,

Lets do some troubleshooting first:

1) Do you have the latest wallet version? (2.3.1)?

2) If so...did you try using the quick block download (http://forum.netcoinfoundation.org/...in the header bar, there is a link for quick block download)?

Let us know. If that doesn't work, we'll have to dig deeper.

Great I will try this tonight. How many coins is decent to start staking for big rewards?

Keep us posted!

For staking: Depends on what your view of big rewards is

For some of us at NET, every single NET is a big reward. But, you know..we're kinda bias Wink

1 Million will get you 80% return (although, bear in mind that the 80% is the targeted annual rate, so, with 6 months left at that rate, you're looking more closer to 40%. So, put 1mil in now, have 1.4 million come Dec...if you keep staking and keep that wallet open often).

100,000 NET gives you 30% at the moment (so, 15% if you started today).

here's a little info on the PIR rewards (and how it works):

https://drive.google.com/file/d/0BzKZ-_ykmcJ2Vm9pbmFwN0R3dWM/view

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legendary

Activity: 1372

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Quote from: Netcoin Foundation on July 27, 2015, 04:37:21 AM

Quote from: gravitate on July 27, 2015, 01:35:47 AM

Guys my wallet is stuck downloading blocks. This means its online but stuck downloading block chain. Any ideas?

Hey hey,

Lets do some troubleshooting first:

1) Do you have the latest wallet version? (2.3.1)?

2) If so...did you try using the quick block download (http://forum.netcoinfoundation.org/...in the header bar, there is a link for quick block download)?

Let us know. If that doesn't work, we'll have to dig deeper.

Great I will try this tonight. How many coins is decent to start staking for big rewards?

Netcoin Foundation

full member

Activity: 194

Merit: 100

Promoting Independence and Personal Responsibility

Quote from: gravitate on July 27, 2015, 01:35:47 AM

Guys my wallet is stuck downloading blocks. This means its online but stuck downloading block chain. Any ideas?

Hey hey,

Lets do some troubleshooting first:

1) Do you have the latest wallet version? (2.3.1)?

2) If so...did you try using the quick block download (http://forum.netcoinfoundation.org/...in the header bar, there is a link for quick block download)?

Let us know. If that doesn't work, we'll have to dig deeper.

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legendary

Activity: 1372

Merit: 1000

Guys my wallet is stuck downloading blocks. This means its online but stuck downloading block chain. Any ideas?

Dexter12

sr. member

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Merit: 250

Quote from: Netcoin Foundation on July 15, 2015, 07:58:58 PM

Hey Guys,

Snappy here subbing in: So, we ran some calculations on the PIR change, and it appears the date of change will be later this year (not the end of this month).

Here's why:

The PIR phase (i.e. which 'year' applies) is based on the block height.

It assumes a rate of 1 block per minute for a year (365*24*60 = 525,600 blocks between rate changes)
Phase 1 start block height   420,000 (when POS started)
Phase 2 start block height   945,600
Phase 3 start block height   1,471,200

The year 2 changeover will be later than expected due to a few months of very...and we mean very slow blocks due to a bug in the staking diff function that has since been fixed and released (these were the updates a while back).

Some Recent block height samples (approx a week apart) that we ran a little bit ago:

09 June 2012 22:51   653,944
16 June 2013 22:31   664,116

10172   blocks in last week
1453   blocks per day average

945600   block of next PIR change

281484   blocks until PIR change
193.7   approx days until change...which means we'll be seeing/expecting a change Late December this year.

Wanted to give you all a heads up!

Good News

more time to stake big!

CRYPTONAIRE

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Activity: 527

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Quality Crypto Collector

Quote from: Netcoin Foundation on July 15, 2015, 07:58:58 PM

Hey Guys,

Snappy here subbing in: So, we ran some calculations on the PIR change, and it appears the date of change will be later this year (not the end of this month).

Here's why:

The PIR phase (i.e. which 'year' applies) is based on the block height.

It assumes a rate of 1 block per minute for a year (365*24*60 = 525,600 blocks between rate changes)
Phase 1 start block height   420,000 (when POS started)
Phase 2 start block height   945,600
Phase 3 start block height   1,471,200

The year 2 changeover will be later than expected due to a few months of very...and we mean very slow blocks due to a bug in the staking diff function that has since been fixed and released (these were the updates a while back).

Some Recent block height samples (approx a week apart) that we ran a little bit ago:

09 June 2012 22:51   653,944
16 June 2013 22:31   664,116

10172   blocks in last week
1453   blocks per day average

945600   block of next PIR change

281484   blocks until PIR change
193.7   approx days until change...which means we'll be seeing/expecting a change Late December this year.

Wanted to give you all a heads up!

Thanx Snappy, much appreciated!

Netcoin Foundation

full member

Activity: 194

Merit: 100

Promoting Independence and Personal Responsibility

Hey Guys,

Snappy here subbing in: So, we ran some calculations on the PIR change, and it appears the date of change will be later this year (not the end of this month).

Here's why:

The PIR phase (i.e. which 'year' applies) is based on the block height.

It assumes a rate of 1 block per minute for a year (365*24*60 = 525,600 blocks between rate changes)
Phase 1 start block height   420,000 (when POS started)
Phase 2 start block height   945,600
Phase 3 start block height   1,471,200

The year 2 changeover will be later than expected due to a few months of very...and we mean very slow blocks due to a bug in the staking diff function that has since been fixed and released (these were the updates a while back).

Some Recent block height samples (approx a week apart) that we ran a little bit ago:

09 June 2012 22:51   653,944
16 June 2013 22:31   664,116

10172   blocks in last week
1453   blocks per day average

945600   block of next PIR change

281484   blocks until PIR change
193.7   approx days until change...which means we'll be seeing/expecting a change Late December this year.

Wanted to give you all a heads up!

coinhugger

hero member

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Merit: 500

Quote from: pedrog on July 12, 2015, 03:27:17 PM

Quote from: crazyivan on July 12, 2015, 02:55:41 PM

Why do I see such huge price variations recently? Any explanation behind that?

Probably, it has to do with the litecoin price being quite volatile in past month, exchange rate to with other coins has to adjust.

I think it is because in a few weeks the stake rate will dramatically drop for NET holders. If you have 1 million NET you used to get 80% a year. It will soon turn to 40% a year. People are dumping the coin and buying other POS coins that yield more.

Just look at the extreme price drop right now.

pedrog

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Quote from: crazyivan on July 12, 2015, 02:55:41 PM

Why do I see such huge price variations recently? Any explanation behind that?

Probably, it has to do with the litecoin price being quite volatile in past month, exchange rate to with other coins has to adjust.

crazyivan

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DMD Diamond Making Money 4+ years! Join us!

Why do I see such huge price variations recently? Any explanation behind that?

Azkhabar

member

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Merit: 10

Quote from: Allforone on July 08, 2015, 08:56:39 PM

I always hear lots about block size and splitting coins up. So I have a newbie question.

How I gotta create multiple wallets? Using coin control does it randomly select wallet size or does it pick the best? Thanks!

No need to split with NET

In fact I combined all my coins into a single big block (~1 million NET).

To create multiple wallets, you just need to add one or more new addresses and transfer (part of) your coins there. With the coin control you can choose the blocks you want to use to transfer or combine your coins.

Hope this help!

Allforone

full member

Activity: 154

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I always hear lots about block size and splitting coins up. So I have a newbie question.

How I gotta create multiple wallets? Using coin control does it randomly select wallet size or does it pick the best? Thanks!

tepelstreeltje

newbie

Activity: 30

Merit: 0

Quote from: M8BWNNRFMNdak68c on June 26, 2015, 04:44:24 AM

great. thank you. but before trying that, i should sent my coins from the old wallet.. new problem: blocks do not sync ( since 3 days now.. )

Quote

{
   "version" : "v2.3.1.0",
   "protocolversion" : 70001,
   "walletversion" : 60000,
   "balance" : 0.00000000,
   "newmint" : 0.00000000,
   "stake" : 0.00000000,
   "blocks" : 541183,
   "timeoffset" : -4,
   "moneysupply" : 376340821.63015902,
   "connections" : 12,
  ...
}

can somebody please give me new adresses for addnode?

You don't need addnode can leave it blank had 12 connections. Also you don't necessarily have to send the coins to another adress, all you have to do is backup/extract the privatekey(s) of your Netcoin adress(es) (which i advise you to always do anyway and backup the wallet.dat aswell just to be safe).
Backing up the privatekey you can do via the console help->debugscreen. For extracting the privatekey the wallet needs to be completely unlocked if your wallet is encrypted (NOT encrypted can skip this) so type in console:

lockwallet
walletpassphrase 600

Now that the wallet is unlocked you can extract the privatekey by typing in the console:

dumpprivkey

!!! You need to do this for every single adress you want backed up and keep it safe because if someone got a hold of your privatekey they can steal your coins!!!!

Importing the privatekey into the new wallet you can read in this thread previous page or on http://forum.netcoinfoundation.org/thread/814/guide-import-paper-wallet-private

Make sure you always have the wallet from a official source so or the Netcoin github https://github.com/netcoinfoundation/netcoin or the infosite http://netcoinfoundation.org/!!!

crazyivan

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Quote from: Bigjohnson124 on June 22, 2015, 08:08:11 PM

Quote from: crazyivan on June 21, 2015, 11:36:30 AM

Hey everyone,

what is the recommended blockchain explorer for netcoin?

Thx

Check out the newest edition from presstab!

http://www.presstab.pw/phpexplorer/NET/index.php

Thx a lot, this looks very nice.

M8BWNNRFMNdak68c

sr. member

Activity: 373

Merit: 250

great. thank you. but before trying that, i should sent my coins from the old wallet.. new problem: blocks do not sync ( since 3 days now.. )

Quote

{
"version" : "v2.3.1.0",
"protocolversion" : 70001,
"walletversion" : 60000,
"balance" : 0.00000000,
"newmint" : 0.00000000,
"stake" : 0.00000000,
"blocks" : 541183,
"timeoffset" : -4,
"moneysupply" : 376340821.63015902,
"connections" : 12,
...
}

can somebody please give me new adresses for addnode?

Topic: (ANN) Netcoin has gone POS! With PIR & OWI - page 35. (Read 142183 times)