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Topic: [ANN] Orbitcoin v1.6.0.0 ~ NeoScrypt ~ Green Stake ~ 4 Years Old - page 102. (Read 201256 times)

legendary
Activity: 2268
Merit: 1092
Hmm.. 35 weeks behind the network. It is alright. I rather download the chain using QT than using my Firefox. It dont pause the file when I close my Firefox.

Can take a while to sync from scratch, especially because the client not only has to download the blocks, it also has to verify all transactions within each block. I installed Bitcoin on an Atom server (dual core, but somewhat less powerful than a desktop CPU) and it took more than a week to sync. Towards the end, it was the CPU which was causing the sync to lag, since there were so many transactions attached to each block; it was only able to process 1 or 2 blocks per second at 100% CPU utilisation.

You'll probably see a similar sort of behaviour when syncing a typical established coin like ORB, but of course at a much lower level.
legendary
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
Hmm.. 35 weeks behind the network. It is alright. I rather download the chain using QT than using my Firefox. It dont pause the file when I close my Firefox.
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
Thank you for clearing that up. Good to know.

Vegas
hero member
Activity: 894
Merit: 1001
I also find it odd that this is one of the oldest POS coins out there, AND it has 500% interest per year with a 1 day min stake period, yet only 1.8M coins?  Huh

500% interest rate was very short (like few weeks - dnt remember exact numbers) promotional period (called ORB bonanza) in spring 2014 after coin restart (hardfork) under control of new dev. for the return of interest and user base. And min stake period was 5 day at that time. It changed to 1 day at last major update (from 1.4.xx to 1.5.xx)
And ORB never actually have any specific PoS interest per year: it is a dynamic based on current block reward (fixed PoS = PoW) and current PoS difficuly.

At ORB bonanza (5-10 ORBs per block and relative low diff) it reach >500%.

Right now with 1 ORB blocks reward and hight diff it is about 40-50% interest per year. More miners = more competition = lower interest rate in %. And vice versa. Self regulated system.
hero member
Activity: 894
Merit: 1001
No. Wallet is always unlocked. See screen shot below. I stake many different coins, and have the pc that can do it, the latest I-7 V3 Extreme. A 12 core intel cpu. This is the ONLY coin that doesnt stake as it should. Wallet is 1.5 (latest). Ive even removed EVERYTHING but wallet.dat  from data folder and resyc from scratch. Didnt help.
+
Please see my wallet inputs on post #341, and youll see many of my block sizes are 33 and 40 orbs, and have not staked in weeks.I know that min is 20 orbs to stake, but some of those blocks of 20 are from December 2014. That still doesnt sound right. I also know staking is all about luck, like hashing, but based on experience to get a stake in say a few days, what is a good size block to use? 50? 100? Im sure most of you have played around with it and found "the sweet spot", were 50 is enough to stake in a few days, as 100 will too, but 100 is just a waste. Ive tried 40 coins per block, and weeks have gone by and that block still didnt stake. What size blocks are you guys using?

Seems all OK, but you have low coin stack and may be little unlucky.

ORB PoS mining is greatly different from most PoS coins.
Standart PoS coin: PoS block reward is % from (amount of coins x age of coins / 365). It makes no sense to divide the coins into small blocks and keep the wallet staking online as long as possible. Because still get the same number of coins. Most miners start wallet once per few weeks or month collect PoS reward fast (just one or few PoS blocks) and go offline until coins mature again (like next few weeks). Difficulty is low because of low pos miners competition.

ORB PoS: PoS block reward is fixed (= PoW reward = 1 ORB at current moment). To maximize income most miners split blocks to small 20-50 coins portions and run wallets online 24/7 nonstop or at least as long as possible. pos miners competition and difficulty remain hight all time.

Example:
You have 634 coins now. It properly split and already mature. All OK.
BUT right now almost 1 000 000 (1 mil) of ORB participate in PoS mining. Most of them is properly split and run 24/7 too. So you control only about 634 / 1000000 = ~ 0.07% of total mining power of ORB network.
Max number of PoS blocks per day = 960 (1 min blocks with 2/3 PoS and 1/3 PoW). With 0.07% power you can get 0.67 blocks per day as AVERAGE with zero luck variance. Eg 2 blocks per each 3 day.

But with luck/unluck (like PoW solo mining) uneven distribution it may be few blocks per one day. Or few days (or even week or more) without single block. But on long term run it will be about 0.67 per day.

Example 2:
For single 30 Orb input expected rate of PoS generation is ~ 0.033 per day. = 1 block per 30 days of staking as average. But with luck/unluck some inputs get PoS blocks after few days, other only after few month.
legendary
Activity: 1242
Merit: 1020
No surrender, no retreat, no regret.
Seem like a good coin which aim to help science. Downloading the wallet now.


welcome in our small community Smiley

Thanks for the warm welcome! Although it is not warm at all.. LoL! Downloading the data now, 74 weeks behind with 1000885 Blocks left. How long would it take?

This one is official,
but majority of forum threads for ORB are over at Cryptocointalk
 Grin

Alright noted. I added in the nodes and.. it is now 63 weeks behind with 33 active connections. Not sure how long it would take.

The whole block chain is ~500Mb in size, so it takes 5 to 7 hours to get sync'ed on a fast wired connection. It may take a day if sync'ing over a wireless network.

I also find it odd that this is one of the oldest POS coins out there, AND it has 500% interest per year with a 1 day min stake period, yet only 1.8M coins?  Huh

Vegas

What does it say about inputs? How many are min/avg/max age?

500% was earlier when the PoS difficulty was below 0.02. It's about 0.1 now. There is no fixed rate interest. 1440 ORB * 67% = 960 ORB to distribute among all staking nodes every day. This kind of inflation control is more predictable and better in general than fixed rate interest.
legendary
Activity: 1302
Merit: 1000
ORB has a good chance to grow.
Seem like a good coin which aim to help science. Downloading the wallet now.


welcome in our small community Smiley

Thanks for the warm welcome! Although it is not warm at all.. LoL! Downloading the data now, 74 weeks behind with 1000885 Blocks left. How long would it take?

This one is official,
but majority of forum threads for ORB are over at Cryptocointalk
 Grin

Alright noted. I added in the nodes and.. it is now 63 weeks behind with 33 active connections. Not sure how long it would take.

Cool glad to hear your sticking with it man  Grin

I will stick to OrbitCoin. Else, I wont waste my time downloading the blockchain. Currently at 600,000 blocks - 46 weeks behind.

http://orb.sx/downloads/data.7z
use this blockchain from OP

Block chain data for rapid deployment:
data.7z (832166 blocks, Windows only, 322Mb)
 md5sum (data.7z) = 4d3741b01d6609bf8f8a4b4fe36e863a
 
legendary
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
Seem like a good coin which aim to help science. Downloading the wallet now.


welcome in our small community Smiley

Thanks for the warm welcome! Although it is not warm at all.. LoL! Downloading the data now, 74 weeks behind with 1000885 Blocks left. How long would it take?

This one is official,
but majority of forum threads for ORB are over at Cryptocointalk
 Grin

Alright noted. I added in the nodes and.. it is now 63 weeks behind with 33 active connections. Not sure how long it would take.

Cool glad to hear your sticking with it man  Grin

I will stick to OrbitCoin. Else, I wont waste my time downloading the blockchain. Currently at 600,000 blocks - 46 weeks behind.
legendary
Activity: 1302
Merit: 1000
ORB has a good chance to grow.
ok.. and thats fair, so im still not sure what is a good block size to use, 50? 100? What are most people using latley?

Vegas

for small holder and for a fast staking should be 20 ORB's right.

i use 50 ORB now, I have many ORB's! 20 ORB is therefore too elaborate. And I buy every day ORB's so I always get new input! But my processing power is certainly much higher than yours, which I bring to the network!

and larger inputs have a higher weight! So be the first staked out!

But only a few people buy ORB, so that's good for me!! Because energy costs are much lower than for a GPU!
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
ok.. and thats fair, so im still not sure what is a good block size to use, 50? 100? What are most people using latley?

Vegas
legendary
Activity: 1302
Merit: 1000
ORB has a good chance to grow.
Please see my wallet inputs on post #341, and youll see many of my block sizes are 33 and 40 orbs, and have not staked in weeks.I know that min is 20 orbs to stake, but some of those blocks of 20 are from December 2014. That still doesnt sound right. I also know staking is all about luck, like hashing, but based on experience to get a stake in say a few days, what is a good size block to use? 50? 100? Im sure most of you have played around with it and found "the sweet spot", were 50 is enough to stake in a few days, as 100 will too, but 100 is just a waste. Ive tried 40 coins per block, and weeks have gone by and that block still didnt stake. What size blocks are you guys using? I also find it odd that this is one of the oldest POS coins out there, AND it has 500% interest per year with a 1 day min stake period, yet only 1.8M coins?  Huh

Vegas

ok sorry, I misread. your wallet is staking. I see it now! But if larger holders have more ORB, then you get less per day! There are 1440 ORB per day, they are split by POW 33% and 67% POS

There holders which have 10000 ORB and more!

This has nothing to do with your processor, but is a mathematical distribution! Your processing power should be almost zero for this ORB's


ORB must spread up! For this, the price must go! Older ORB's have a higher weight!
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
Please see my wallet inputs on post #341, and youll see many of my block sizes are 33 and 40 orbs, and have not staked in weeks.I know that min is 20 orbs to stake, but some of those blocks of 20 are from December 2014. That still doesnt sound right. I also know staking is all about luck, like hashing, but based on experience to get a stake in say a few days, what is a good size block to use? 50? 100? Im sure most of you have played around with it and found "the sweet spot", were 50 is enough to stake in a few days, as 100 will too, but 100 is just a waste. Ive tried 40 coins per block, and weeks have gone by and that block still didnt stake. What size blocks are you guys using? I also find it odd that this is one of the oldest POS coins out there, AND it has 500% interest per year with a 1 day min stake period, yet only 1.8M coins?  Huh

Vegas
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
No. Wallet is always unlocked. See screen shot below. I stake many different coins, and have the pc that can do it, the latest I-7 V3 Extreme. A 12 core intel cpu. This is the ONLY coin that doesnt stake as it should. Wallet is 1.5 (latest). Ive even removed EVERYTHING but wallet.dat  from data folder and resyc from scratch. Didnt help.


 

member
Activity: 70
Merit: 10
So, Im not new to staking, but Im not sure why my orbs are not staking. Ive tried them in blocks of 20 and 40 and some of them are months old. I have my wallet open 24/7. Please notice the dates and how long they are taking to split. Any ideas?



My wallet is staking fine, we best wait for a second opinion.
maybe something silly like your wallet is encrypted and you didn't open staking mode.
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
So, Im not new to staking, but Im not sure why my orbs are not staking. Ive tried them in blocks of 20 and 40 and some of them are months old. I have my wallet open 24/7. Please notice the dates and how long they are taking to split. Any ideas?

member
Activity: 70
Merit: 10
Seem like a good coin which aim to help science. Downloading the wallet now.


welcome in our small community Smiley

Thanks for the warm welcome! Although it is not warm at all.. LoL! Downloading the data now, 74 weeks behind with 1000885 Blocks left. How long would it take?

This one is official,
but majority of forum threads for ORB are over at Cryptocointalk
 Grin

Alright noted. I added in the nodes and.. it is now 63 weeks behind with 33 active connections. Not sure how long it would take.

Cool glad to hear your sticking with it man  Grin
legendary
Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
Seem like a good coin which aim to help science. Downloading the wallet now.


welcome in our small community Smiley

Thanks for the warm welcome! Although it is not warm at all.. LoL! Downloading the data now, 74 weeks behind with 1000885 Blocks left. How long would it take?

This one is official,
but majority of forum threads for ORB are over at Cryptocointalk
 Grin

Alright noted. I added in the nodes and.. it is now 63 weeks behind with 33 active connections. Not sure how long it would take.
member
Activity: 70
Merit: 10
Seem like a good coin which aim to help science. Downloading the wallet now.


welcome in our small community Smiley

Thanks for the warm welcome! Although it is not warm at all.. LoL! Downloading the data now, 74 weeks behind with 1000885 Blocks left. How long would it take?

This one is official,
but majority of forum threads for ORB are over at Cryptocointalk
 Grin
hero member
Activity: 894
Merit: 1001
Something is for sure wrong. Now every transfer makes my wallet corrupt:

I wouldn't say that all this is normal behaviour. I've never seen a coin where my coins get another address after I use them.

It is usual default behavior for all bitcoin based coins. To sent amount of coins you want to sent to address you enter and sent all remaining coins from same input(s) to another your address (picked randomly and automatically by wallet software).
It can be altered manual by using coin control (e.g. set a particular address for change instead of random or even leave change on the source/original address) but by default change is sent to new random address.
hero member
Activity: 894
Merit: 1001
I think I have logic explanation, but it seems that something is wrong.

I was using multiple wallet adr. when it happened. I was surprised to see message that these coins have been spent and trasaction failed. Strange is that the whole amount becomes unconfirmed as soon as 1 transaction is made which follows by the message I got (spent coins) as the whole amount became unconfirmed and can't be spent. This means wallet does not lie to me, but why does the whole amount become unconfirmed as soon as I make transaction? Something wrong with blockchain, software or my wallet? I would exclude the option with my wallet.

It is seems like normal behavior. Because if you have for example 1200 coins input (placed to your wallet by one incoming transaction) in your wallet. And use it to sent 20 coins to another address, actually 2 transactions happens at same time (technically it is still one tx but with one input and two outputs):
20 coins - to address use enter
1180 coins - to one of another random addresses from address pool stored in your wallet.dat. This tx called a "change".

Both need confirmation before you can use them again. So all 1200 coins (20+1180) go to unconfirmed state even if you sent only 20 (or 10 or 1 etc).

Almost all coins (beginning from Bitcoin) work this way. But some GUI wallets is differently display this on the user interface.
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