Topic: [ANN] SPROUTS sha256 pos+pow 10% at 5 days 芽菜货币 - page 52. (Read 216117 times)

You're coins may not stake on the 5th day, but mine do. Cold hard truth. With sprouts, like most POS coins, the people with the largest balances have an extreme advantage. After it stakes, I usually merge my inputs too, so that I can maintain priority in staking. The next part should relaly blow your mind. When someone's coins take more than 5 days to stake, their compounding affect is diminished and they make less coins compared to coins that stake every 5 days.

Here's an example: staking 10% every 5 days pays more than staking once after 30 days of aging
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100,000 coins * 1.1^6 = 177,156.1 coins after 30 days

100,000 coins * (1+0.1+25*0.02) =  160,000 coins after 30 days <-- This guy is silently being screwed by the faster staking balances as they push his staking times out farther and farther and reduce his overall return.

This is a very basic compounding effect. It's always best to stake as fast as you can after the transaction hits 5 days. Every time you take extra days to stake, you are generating less coins. The guys with the largest merged inputs are generating more coins at a faster rate than those with smaller balances who are forced to wait longer.

Be smart and merge your inputs. Optimize your staking times.

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My wallet:
https://www.blockexperts.com/sprt/address/SXHVCfYbLRaZo61uebKxq4cSeYDZnfSNnF

If you have enough coins you stake pretty quick. Mine usually stake within 4 hours of hitting age 5. Also, it seems that the time it takes after I hit the 5th day is prorated at 2% too even if it's just a few hours.

I don't want to piss on anyone's parade, 730% is an absolute farce. The total money supply compounds like this. 100*1.1^73 = 105115.31995% per year. Someone tried to argue that it's 730% because most people would be expected to spend their stake and rotate around the same balance. We've already established that was severely flawed logic. Coins aren't destroyed when you spend them. They just end up staking in someone else's wallet. Total money supply continues to compound. Look again at my example above. 100k coins in that example achieves a 77.1% return in 30 days if you can stake every 5 days which is what I am able to do with Sprouts since I have the 3rd largest balance.


BTW, I have an idea. If you honestly think 730% is the real APR and the coin's POS reward stays the same, I'll make you all an offer. Loan me your sprouts for 1 year and I will pay you your original balance back plus +7300% APR in 365 days. Doesn't that sound like a great deal? For example, give me 100,000 sprouts and I'll give you 7,400,000 in 1 year. Any takers?

I think the APR rate should be changed from 730% APR to 182.5% APR. This would equate to 0.5% per day instead of 2%. 3/4th reduction in stake.

I think they are trying to say that with compounding interest it would be that much but that is a very flawed calculation considering pretty sure no one stakes @ 5 days (i never have) so that RADICALLY changes that calculation. Good luck getting the exact figure its near impossible unless you can take all staking wallets into actual factual consideration.

That poll is irrelevant due to incorrect stats and should be ignored. It doesn't state the current apr correctly Sprouts apr is currently 730%  not 105,000%.

Nice to see some news here

There https://bitcointalksearch.org/topic/sprouts-vote-on-the-future-long-term-pos-reward-rate-1316682

500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.

VOTE 500 APR 2016 : x

With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.

I am glad to see people getting into it. I do like the vibe of the logo although it seems like its straight out of 1993. No offense.. and nice work! Lets keep the momentum up here.. I am much more comfortable with a 100% APR although I still think it should be around 33% although maybe as you said I could code it to be 100% now and then after a certain block switch to 33%.

Edit: I do like how the leaves themselves look.

Or this to really grab your attention.

Here ya go, try this for a 3D look.

I remember the vote not many voted so cant really go off that we need another vote with more people voting on it

I have to ask the same thing, when and where was the APR ever voted on? 500% is too high. I agree that Sprouts should remain a high yield coin, however, 500% is too high. Sprouts has around 500 million coins, and if we can keep it to around 1 billion a year from now, that will be fine. At 100% it will be around 2 billion two years from now, at which point the APR could be lowered again. Maybe it should be coded into the coin to automatically lower yield once it hits a certain coin supply? Just my 2 satoshi...

Also, I agree that there should be a vote, but it needs to be a fair vote with a link posted here and plenty of notice ahead of time. This coin has a strong community with strong supporters, let's keep it that way and not piss anyone off.


01001101

Where was this voted on?

I can tell by your contentious attitude that you seem to be vehemently against this coin. What exactly would you like to see updated?

Exactly, that's why 500% APR seems to be the best solution it's still hi-pos with 2.5% every 5 days but avoid the problem of the 1 sat lock at the current rate.

I think most of the people that are in favor of the decrease are bagholders because decreasing the rewards is not going to solve a thing. Making such a dramatic decrease is only going to hurt the coin. High rewards is one of the most attractive features of this coin. You need active development, marketing and innovation. There are many coins out there that have far more coins and have a significantly high market cap. Doge is probably the biggest. Doge has 200x more coins in circulation and is 5th in market cap. Just look at the annoucement of a new dev, the price nearly doubled. Now imagine if something actually got developed such as the wallet being updated....

Maybe is a revote the correct move now we have the attention of new investers?

500% apr was voted and should be respected (2.5% every 5 days). Then it can be changed again after a year if needed.

Also, I agree with reducing the staking percentage, but 0.1% per day?! That's a little too low. I personally feel it should be no less than 100% APR. That's approximately 0.27% daily.

What are others thoughts on this??

Looks like the news is already causing price movement. If I had any BTC right now I'd drop at least 1 BTC on it at this price. I just bought 1.5 btc at coinbase, so if the price is still low when I get it in 4 days, it's on!!

Going UUUUUP!!!


01001101

I personally like the current logo, maybe it could be rendered differently to have more of a 3D look to it, but it's a good logo. 0.25 btc could be better spent elsewhere IMO. I have no problem making contributions, and I'd love to support LadyWhaleCoin, but this doesn't seem to me to be a necessity. If the logo IS going to be changed no matter what, we should have a vote on it before we go through with it. The logo is a fairly important part of the marketing, and the current logo has done quite well. That's all I'm saying.

The Sprouts wallet isn't down at Bittrex. Various wallets there will go into maintenance mode from time to time, but it's always just temporary.

As far as Sprouts price, I can see it easily going over 100 sat again. It would take less than 1 btc for that to happen, and that's nothing. I can see Sprouts going back to 200 sat, maybe even 400 on a peak. Why not?

Sprouts still has far less coins than many coins with prices far higher. DGB had 5.65 Billion or so coins when it went over 200 sat, and now that it's almost up to 6 BILLION coins (More than 10 TIMES the amount of Sprouts) it recently went to around 100 sat.  So again, why not?!  Sprouts coin supply is fine, but we need to reduce its rate of production soon here. Once that happens it will start moving up in price and it would be smart to buy NOW, before this happens.

It will be easy money for those who get in now.

Even if the price only goes to 50 sat in the near future, that's more than an 800% profit with current price


Sprouts has a big following and was once incredibly popular and that popularity can come back very easily. Partly why the price is this low is due to the Cryptsy issues and people panicking.

Good things to come for Sprouts!!!