I have purchased 500,000 Piggys. Transferred to my wallet for POS.
I was expecting at 15% annual rate POS to make some decent number of Piggys everyday.
I am only getting 4 or 5 piggys per day instead.
Is this is how it is supposed to be!!!
Thanks in advance
I also am only getting a few pigs every day instead of the 100's i should be getting every day... what is up dev?
From what I am gathering lately its not entirely about your percentage. The PoS blocks do come with a difficulty. when PoS first started I had around 100k piggy. I was gaining more per day then! I got a PoS block of 0.5-2.5 piggy every 20 minutes! Now the PoS difficulty has risen substantially! I have managed to get a few more piggy in my wallet sitting at almost double what I had before but I still barely collect PoS. The estimated time to stake went from 20 minutes to 44 minutes (with twice as much piggy). But now I dont even find blocks every 40 minutes, I generally find them every couple hours.
If you look in the statistics page of the wallet there is a PoS difficulty. this is over 4x as difficult as it was a few days ago. More people are staking. The same amount of blocks are being found (one every xx seconds) so the more users who jump on the more difficult it will be to stake.
After really looking into it stake is kinda still like mining. Instead of buying gpu your buying coins to have power. But for every person who buys a coin and stakes the difficulty increases. Making it more rare which is nice but not following the linear likelihood of gaining 15% or being able to mathmatically calculate your actual interest.
I think referring to stake as interest is confusing. I think it should be referred to as "stake power level" or something to deter people from assuming they get the actual 15% per year because its very unlikely. Stake is weighted so theres always going to be fluctuation in how much you actually get.
Nonsense. This is a niche coin geared towards teaching kids about cryptocurrency, and it has cornered the market in that area. What sort of technical innovation are you expecting? Anonymity? Smart contracts? Uncensored social media and dark market linkages? Those are important to other coins but just silly in this case.
Piggycoin just needs people using it for its intended purpose. That will determine whether it flies or dies.
I agree, trying to market to the crypto community is futile. Coins that can break out of the small 'crypto' space can really go big, Dogecoin was successful in doing this.
PIGGY has potential to get in with teachers, schools, home school curriculum, kids etc ... if PIGGY can achieve this it will definitely catch on. Someone mentioned before developing a simple home school curriculum that introduces cryptocurrency and uses PIGGY. This could work!
I agree, but I don't think someone should do a whole curriculum on cryptocurrencies; many adults still don't know what it is. I think it could go under a subject like social studies and economy where cryptocurrency is introduced. Education is not about promoting something; it's about teaching the kids. Another option is having like a cryptocurrency day where someone goes around and speaks about it in the schools.
I also agree and I am starting to think personally that piggy should be geared initially towards teaching everyone. Thats why I mentioned before about the "man wallet" or at least more geared towards guys and common crypto users. Right now I think alot of people pass it up because it says for kids on it and its honestly really pink so I dont think it will bring in the boys as easily. It would be awesome to target new users in general and become the cornerstone for crypto-education. Might even still be able to go pink if you put some sun glasses on the pig and find a solid secondary color or something haha i dunno just something to bring it to the teenager and adult scene aswell.
But if pig can become that cornerstone it will easily become the go-to for anybody teaching someone about crypto. Download piggywallet it will teach you everything you need to know. For example adding little info buttons next to EVERYTHING that explain what it is, like on the statistics page information about what every statistic means (and maybe strike-out the PoW stats because PoW is over then add information explaining it aswell). Add a first time opening popup instructions of some sort, maybe just a quick little wallet navigation guide with pictures.
Right now i do feel its too kiddy and not informative enough. Since mostly the parents will be the ones using this and likely economic teachers in highschools. it would be beneficial to at least partially include them and the teenagers they teach in the marketing scheme.
Just thinkin
. Still love the possibilities. Pig has some serious opportunities here
.