Topic: [ANN] Orbitcoin v1.6.0.0 ~ NeoScrypt ~ Green Stake ~ 4 Years Old - page 114. (Read 201256 times)

Thank you. That's an interesting mechanic. However, it looks like say you split 10k into 20 coin blocks. You'll get the first reward, but since a stake causes the coins to split (into 10 coin blocks), you'll never get another reward since none of the blocks are sized at 20. Is this also correct?

I thought I explained clearly ...
No, at the initial stage (first few weeks), the difference will be huge:
- if left 10k coins just by one big transaction - after 5 days will generate just 1 block (and awarded 1 coin). and the transaction will be divided into two (2x5000 coins). After a next  5 days will be generated 2 blocks (+2 coin awards, 3 total) and two transactions are divided into four (4x2500) and so on until wallet not split all transactions to <50 ORBs pcs
- if you manual split 10k to many small inputs (for example 250x40) you will get 250 blocks and 250 coins as reward (but it will take not just 5 days but about 2 weeks at current difficulty - because smaller input - longer it staking before find blocks)

But in long term is no any difference between manual and automatic - after some time (depend of size of initial transaction) all transactions will be split by wallet to 25-50 coins inputs.

So you decide - to spend time at the beginning to immediately start earning the highest returns possible or leave everything to automatically wallet control and wait while wallet itself will rump up to maximum revenue.
And any intermediate options also possible: if it's too boring and long to break into small transactions (20-50 coins) can be divided into medium sized - say by 20x500, and leave wallet to finish rest (500==>250==>125==>62.5==>31.25).

But all this is for optimization, right? Like we're talking about 400 ORB with a 10k deposit vs 500 ORB with 500 separate 20 ORB deposits?

You get 1 ORB per each block found.

For detail how it work just read posts from previous page:

https://bitcointalksearch.org/topic/m.7744291

https://bitcointalksearch.org/topic/m.7778338

So if you deposit 5k into an ORB wallet, you only get 1 ORB? Or ~ 250 ORB? That's what I'm wondering Do I need to break my wrist and split it up 250 different ways?

ORB have fixed block reward (currently = 1 coin) not matter PoW or PoS generated.
So 1 ORB per block it is a minimum, maximum and average reward at same time. 

ORB is traded on Cryptsy, AllCoin, AllCrypt and Comkort. No idea what is big enough for you.

As this coin isn't on any of the big exchanges yet, I thought you might be interested in adding it to the decentralized NHZ Asset Exchange yourself.

All you need is a server (for security reasons: better two) to run the gateway on. We can provide you with the necessary software and support with setup.

https://bitcointalksearch.org/topic/your-coin-of-choice-on-a-decentralized-exchange-696171

Any suggestions on block size or does it not really matter? Some PoS coins seem to have max reward limits.

Crypto Analytics has reiterated its BUY rating on ORB

http://cryptoanalytics.trade/orb/
@CryptoAnalytic

If your PC has crashed and the medium has become damaged, there is no wallet fault. Back up your data directory weekly to prevent such surprises. If you get stuck at an old checkpoint, make sure you run the latest version, connect to up-to-date nodes and have your firewall not blocking incoming port 15298 connections.


orbitcoin.info is waiting for a re-design, orb.sx is just a single page stub with some download links which are up-to-date though. Once a new design is ready, both sites will carry the same content maybe mirrored for additional reliability. This thread is the official one here at Bitcointalk.


You need to download the block chain anyway. You can use bootstrap.dat, but it isn't much faster. Checkpoints are in place both regular and advanced synchronised. The community runs the game and that's good

I do not miss extra zero. Or more correct:
yes i miss 0 in my post when write it
but NO i not miss it when reading your post and understand it correctly as 0.008 (NOT 0.08)

And 0.008 not a really low diff for ORB PoS,
For example last night i saw diff down to 0.002-0.004 range (now back to ~0.0075, seems somebody turn off really big stake wallet and now restart it again).
And before and at first stage of Staking Bonanza (announced in 1st post of this topic) diff was was at 0.000224 (x30-40 times less compared to current level) for long period.

At 0.008 PoS diff if you have just only single 20 ORB input which reach >5 days point recently it will take about from 1 to 5 days(depend on luck) of 24/7 staking to generate 1 PoS blocks.

stakemindepth yes - AFAIK it have no API/RPC/GUI equivalent. set CMD line option, or options set via Orbitcoin.conf at start.
So need restart wallet to apply changes.

You've missed an extra zero. 0.008 is low.


I'm using the headless client, so the transaction list I look at is a JSON reply.

Doing something like ./orbitcoind listtransactions "" 5000 | grep blockhash | grep -v "blockhash. : .0000" lets me see hashes which are most likely not PoS.

My client is still not staking. I'll try the -stakemindepth cmdline switch (no API equivalent by the looks of it, so I can't fiddle with it at runtime )

For PoS 0.08 it is not very low difficulty.. (it is about x40 times more from basic/minimal difficulty, while many small PoS coins balance near minimal/basic diff)

Minimum number of comfirmation of input to start staking set by default to 10000. So this input will start staking very soon - actually already staking if you not turn off wallet after post  (this default value can be altered by -stakemindepth=.... parameter, but i thinks 10k is OK it to avoid staking for inputs with very low weight - which have low probability of finding PoS blocks but consume CPU resources for mining same as inputs with high weight. I am usually set it even higher - 11-12k for my main wallet with hundreds of inputs staking. But with only few inputs you may want set lover values like 7000-8000... )

What happend with old (200,000+ confirms) input? Probable it already successfully generate PoS bloks? And after block generation number of confirms, age (and so weight too) of input is reset to zero and all process starts from beginning. So nothing strange what it not stakes any longer - this input will resume staking after reach >10000+ confirms again (or >5 days of age if you set stakemindepth to low values)

It is a very simple way to distinguish between a PoS and PoW generated block - in new wallet versions (after 1.4.2 AFAIK) in clearly shows in user GUI (right in transaction list - type column):

Would be cool to see PROPERLY WORKING WALLLET!
Ive downloaded block chain like two times and at first time wallet crashed and my computer had to check USB stick from errors and wallet went so bad that it didnt start.
Second time my wallet now says (Warning:Checkpoint too old. Wait for block chain to download or notify developers), but it does not download the block chain...

Also i found two sites for ORB(?).. And several old threads and not a sign which one is official.

So... I think we need that properly working wallet (no need to download whole blockchain, new checkpoints), clarification about which site is official, which thread is official and whos running the game. Now everything seems a mess.

hmmmm.watching

I'm still trying to understand why my ORB client seems to stake so erratically. Right now...

- network stake difficulty is at about 0.008 (quite low)
- reservebalance is false/0
- stakegen is true
- I currently have at least one 20+ ORB unspent output which has 9610 confirmations, and until a few minutes ago had another 20+ ORB unspent output with 200,000+ confirms

... so why isn't the client trying to stake?

BTW, is there any way to tell the difference between a PoS and PoW generated block in the transaction list? (edit: just remembered, the crude way is to look at the block hash value - if it has at least a few leading zeros then it is probably PoW)

Bought my first chunk of ORB today. Excited to see the 5 day stake eligibility.

We've added ORB/BTC market.

https://www.allcoin.com/trade/ORB_BTC

Yes, for maximum profit better split to 20-50 coins chunks.

Current wallet software could handle it automatically but it will take more time:
Each time PoS block is generated wallet check how old was input which generate this block.
And if age < maximum staking age (for Orbitcoin maximum age = 20 days while minimum age = 5 days) considers that this input was too large/above optimal size (for the current network PoS difficulty), and divides it by 2.
Ie 1000 coins sent in single transaction after the first finding of the PoS block (it will be on the 6th day - such large inputs generates PoS blocks very fast after reaching minimal staking age) will be split into two transactions of ~500 coins each. Or more precisely (1000 + 1 + tx fees if any) / 2 = 500.5 (+fees/2)

After this new 2 inputs(formed auto by wallet) found own PoS blocks (it near 10-12 days from original transaction) it will be split to 4 inputs (500.5+1)/2 = 250.75 coins each
And so on - until wallet split all incoming transaction into pieces of optimal size for current network difficulty (it is within range from 20 to 50 coins now, but can be higher if diff grows up enough)
So after some time all wallets used for active staking(PoS mining) ends in near same conditions and rate of PoS generations in long term depends only on total amount of coins in wallet, current PoS network difficulty and amount of time wallet running online staking - not matter if person just put coins by one large transaction or split to many small manually.

But at starting period (first few weeks) manually prepared wallet will generate more blocks(and coins to - because PoS reward in ORB is fixed, not % as it set in almost all other PoS coins).