Stake level is 10,000x reduced
Thank you for answer, found this post https://bitcointalksearch.org/topic/m.4009924
But it was just an offer. I never seen information from The_Catman about stake will 10,000x reduced.
Topic: [ANN] RazorLove Cryptocurrency Services - DBL, CENT, & FOO/BAR Updates - page 92. (Read 153386 times)
December 27, 2013, 06:44:26 AM
Thank you for answer, found this post https://bitcointalksearch.org/topic/m.4009924
But it was just an offer. I never seen information from The_Catman about stake will 10,000x reduced.
December 27, 2013, 06:31:51 AM
Yes v0.10.0.0 generates stake at the exact same levels until the 8th deadline.
But can The_Catman tell us about stake level after 8th Jan?
Will it depends from some parameters like current diff or it will just a some percent of funds in wallet?
Stake level is 10,000x reduced
Quote
Exactly 7 days after this deadline (8th January 2014 at 00:00:00 GMT) the new Proof of Stake values will kick in and reduce stake by a factor of 10,000. This would mean a transaction of 100,000 would generate approximately 90 CENT on top of the original stake after the typical 9 days it takes for stakes to happen.
December 27, 2013, 06:29:44 AM
I don't understand what the issue is with the transferring coins in smaller transactions to a new wallet. Somehow this impacts stake? And not just the raw # of coins ?
December 27, 2013, 02:08:41 AM
Yes v0.10.0.0 generates stake at the exact same levels until the 8th deadline.
But can The_Catman tell us about stake level after 8th Jan?
Will it depends from some parameters like current diff or it will just a some percent of funds in wallet?
December 27, 2013, 01:49:34 AM
So what happens if I transfer 10 billion coins from Cryptsy to the 9.6 wallet? Will I get the payout in 9 days which would give me 100 billion?
Unless you stake by December 31st you won't get anything if you use the 0.9.6.0 wallet because the majority of the network will not accept your blocks from January 1st onwards. You really need to be using the v0.10.0.0 wallet by now.
This is so confusing. I thought as long as you used the 9.6 wallet by the 31st you would stake as long as you have the necessary 9 days before the jan 8th deadline.
Cause the way you're putting it, it sounds like a new person cannot stake anything at this point since we don't have the necessary 9 days until dec 31st.
Can somebody please clear this up.
December 26, 2013, 10:58:39 PM
I'm a videographer and I'd be happy to make a video to promote CENT. I can do something like the Video Scribe video Infinite coin is using on their website. http://infinitecoin.wordpress.com/
I'd appreciate some help with direction though, I'm fairly new.
Also, in my opinion, the lack of decimals on this coin should be a major selling point in its promotion. That's why i bought some- thought it sounded pretty cool. Also, with the crazy pos there are now so many coins out there that you'd conceivable never need a decimal place. So what was a mistake has actually made the coin more usable.
I'd appreciate some help with direction though, I'm fairly new.
Also, in my opinion, the lack of decimals on this coin should be a major selling point in its promotion. That's why i bought some- thought it sounded pretty cool. Also, with the crazy pos there are now so many coins out there that you'd conceivable never need a decimal place. So what was a mistake has actually made the coin more usable.
December 26, 2013, 09:57:29 PM
after reading all the above posts, i am confused about how to get stake:
1 what is the limit of single withdrawal from Cryptsy to wallet? 99999999?
2 to get first stake, do I have to wait 9 days, 10 days or 18 days?
1 what is the limit of single withdrawal from Cryptsy to wallet? 99999999?
2 to get first stake, do I have to wait 9 days, 10 days or 18 days?
December 26, 2013, 09:15:56 PM
So what happens if I transfer 10 billion coins from Cryptsy to the 9.6 wallet? Will I get the payout in 9 days which would give me 100 billion?
Unless you stake by December 31st you won't get anything if you use the 0.9.6.0 wallet because the majority of the network will not accept your blocks from January 1st onwards. You really need to be using the v0.10.0.0 wallet by now.
December 26, 2013, 07:01:41 PM
I'm trying to write a batch file that sends 900k to a different wallet when run, that means you get at least 27 days befor you have to run it again
That is more or less how my script works, sent 9m at a time to a different wallet. Leave for a few stakes then do it again. Far easier to write in linux though. Having a massive number of transactions in the wallet causes the gui to have major performance issues (200mb wallet), definitely not going to miss that part of it or all this maintenance.
December 26, 2013, 05:34:47 PM
So what happens if I transfer 10 billion coins from Cryptsy to the 9.6 wallet? Will I get the payout in 9 days which would give me 100 billion?
That would be crazy unreal.
Or are these people right that I need to send the coins in batches of 100 million or less (which would take a long time) or the payout won't work? So can I send all the coins at once or not - I'm seeing differing opinions.
Thanks!
That would be crazy unreal.
Or are these people right that I need to send the coins in batches of 100 million or less (which would take a long time) or the payout won't work? So can I send all the coins at once or not - I'm seeing differing opinions.
Thanks!
ensure that you do not pass the 900 mill per tx.
then once they are in your wallet make sure to send to another wallet with smaller transactions.
I sent my coins in batches of 999 million from cryptsy to my wallet. I have now sent my coins back to cryptsy.
Should I delete my wallet data?
or would it be fine for me to send the money back to my wallet in batches of 50 million?
December 26, 2013, 03:27:24 PM
wait until it's more than 10 days to worry
Maybe I should resend them to another wallet in 50Mil tx's. I can still make one multiply if I start quickly. Or still wait...?
December 26, 2013, 02:53:58 PM
So what happens if I transfer 10 billion coins from Cryptsy to the 9.6 wallet? Will I get the payout in 9 days which would give me 100 billion?
That would be crazy unreal.
Or are these people right that I need to send the coins in batches of 100 million or less (which would take a long time) or the payout won't work? So can I send all the coins at once or not - I'm seeing differing opinions.
Thanks!
That would be crazy unreal.
Or are these people right that I need to send the coins in batches of 100 million or less (which would take a long time) or the payout won't work? So can I send all the coins at once or not - I'm seeing differing opinions.
Thanks!
ensure that you do not pass the 900 mill per tx.
then once they are in your wallet make sure to send to another wallet with smaller transactions.
That's confusing. Can you add some detail, please. So send from Cryptsy to laptop wallet in 900 million lots. Then send to another wallet which means another computer (which I don't have) in smaller sizes.
Ok, what's the max size per tramsaction to send to the second wallet?
Thanks again.
Edit: can you also tell me if I can send the second smaller transactions to the same wallet Number or do I have to create like 100 different wallet numbers in that second wallet on the second laptop.
Thanks!
December 26, 2013, 02:09:00 PM
So what happens if I transfer 10 billion coins from Cryptsy to the 9.6 wallet? Will I get the payout in 9 days which would give me 100 billion?
That would be crazy unreal.
Or are these people right that I need to send the coins in batches of 100 million or less (which would take a long time) or the payout won't work? So can I send all the coins at once or not - I'm seeing differing opinions.
Thanks!
That would be crazy unreal.
Or are these people right that I need to send the coins in batches of 100 million or less (which would take a long time) or the payout won't work? So can I send all the coins at once or not - I'm seeing differing opinions.
Thanks!
ensure that you do not pass the 900 mill per tx.
then once they are in your wallet make sure to send to another wallet with smaller transactions.
December 26, 2013, 01:51:29 PM
So what happens if I transfer 10 billion coins from Cryptsy to the 9.6 wallet? Will I get the payout in 9 days which would give me 100 billion?
That would be crazy unreal.
Or are these people right that I need to send the coins in batches of 100 million or less (which would take a long time) or the payout won't work? So can I send all the coins at once or not - I'm seeing differing opinions.
Thanks!
That would be crazy unreal.
Or are these people right that I need to send the coins in batches of 100 million or less (which would take a long time) or the payout won't work? So can I send all the coins at once or not - I'm seeing differing opinions.
Thanks!
December 26, 2013, 09:50:34 AM
At the beginning I wanted to say hello and thank you all for trying to save cent.
I have small problem. First cents I've sent to wallet were on december 15th but it was only 2x100, so not so important.
I've sent next batch on December 16 so Today is the tenth day, and my saving interest is still 0.
My cents were sent in batches: 3x900K, 5x99999999 and 1x35M. Should I wait more, or maybe these transactions 99999999 were too big?
Maybe it's like kalgecin says I need to wait 18 days for the first time, but on the other hand I've read in this topic
that someone send cents on 3rd Sept. and they multiplyed on 12th Sept. so 9 days.
Should I be worried about it? Would be nice to get small part frome this huge cent cake
I have small problem. First cents I've sent to wallet were on december 15th but it was only 2x100, so not so important.
I've sent next batch on December 16 so Today is the tenth day, and my saving interest is still 0.
My cents were sent in batches: 3x900K, 5x99999999 and 1x35M. Should I wait more, or maybe these transactions 99999999 were too big?
Maybe it's like kalgecin says I need to wait 18 days for the first time, but on the other hand I've read in this topic
that someone send cents on 3rd Sept. and they multiplyed on 12th Sept. so 9 days.
Should I be worried about it? Would be nice to get small part frome this huge cent cake
wait until it's more than 10 days to worry
December 26, 2013, 09:21:56 AM
At the beginning I wanted to say hello and thank you all for trying to save cent.
I have small problem. First cents I've sent to wallet were on december 15th but it was only 2x100, so not so important.
I've sent next batch on December 16 so Today is the tenth day, and my saving interest is still 0.
My cents were sent in batches: 3x900K, 5x99999999 and 1x35M. Should I wait more, or maybe these transactions 99999999 were too big?
Maybe it's like kalgecin says I need to wait 18 days for the first time, but on the other hand I've read in this topic
that someone send cents on 3rd Sept. and they multiplyed on 12th Sept. so 9 days.
Should I be worried about it? Would be nice to get small part frome this huge cent cake
I have small problem. First cents I've sent to wallet were on december 15th but it was only 2x100, so not so important.
I've sent next batch on December 16 so Today is the tenth day, and my saving interest is still 0.
My cents were sent in batches: 3x900K, 5x99999999 and 1x35M. Should I wait more, or maybe these transactions 99999999 were too big?
Maybe it's like kalgecin says I need to wait 18 days for the first time, but on the other hand I've read in this topic
that someone send cents on 3rd Sept. and they multiplyed on 12th Sept. so 9 days.
Should I be worried about it? Would be nice to get small part frome this huge cent cake
December 26, 2013, 08:31:07 AM
Thank you. Great work!
Do you have instructions to create a coin based on fehcoin? The files are different.
Thanks
Do you have instructions to create a coin based on fehcoin? The files are different.
Thanks
Not yet, I'm working on a new guide + new template coin to cover all major options in creating a cryptocurrency. It will be awhile yet though.
December 26, 2013, 06:16:59 AM
i Had Transfer all my pennies cent to wallet, what do i need to do now, to make more pennies ? can somebody tell me ?
Thx
Thx
Just wait 9 days
Not 9 ! 18 days at first... and that is also not always the case
The money can't be in lumps of 100M or above, though. The preferred is 50M. If they're in over transactions of over 100M they won't generate stake.
First stake comes after about 18 days.... then they come every 9 days. It's the first stake that takes 18 days
December 26, 2013, 04:21:38 AM
I'm trying to write a batch file that sends 900k to a different wallet when run, that means you get at least 27 days befor you have to run it again
Won't matter anymore since you only have time for one more POS if you start now. December 26, 2013, 02:26:17 AM
what does "coin control" mean to pennies?
anybody?
anybody?
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