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Topic: [ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY - page 355. (Read 816006 times)

full member
Activity: 154
Merit: 100
I'm one of those with the perpetual "Not staking because you don't have mature coins" people.  I've been coding for 35 years and have looked at the code but I'm afraid C++ is not my native language and I have neither the time nor patience to learn it.  There is definitely something unintended happening, or certainly the wallet is not behaving within the stated parameters of the coin.

I have the latest wallet, it's up do date (currently block 8340).  I had a transaction come in (well over 6 hours ago) so I know the network is working and I had a positive balance for several days before that.  If we can just get over this one hurdle then there's nothing wrong with the coin and hopefully it will recover.

We are in the same boat
sr. member
Activity: 434
Merit: 250
Sure i read earlier this morning new wallet? was this correct or did i miss read something.

i don't think so, i think there is just a minor fix in the code needing done, not requiring a new wallet or another fork.
I think we are all good with regards to the wallet now.

So, how would this be achieved / where would you expect that code to sit?  Unless there is something totally different about Sync and it's not decentralized, the wallet code (or daemon if headless) IS the only code.


You don't need a new wallet evrytime the code is updated

Hmmm, you do if you want the updated code to be deployed.   If it's something cosmetic that has no affect on the network then that's fine, I agree you would not *need* to update.

But if nobody updates to the new code then there is no new code. If 1% update then 1% of the network is running new code and 99% is running old code.  A change does not propagate itself.


fair enough, i was under the impression that it was possible - for example, if the only issue is block-time confirmations, it would have been a matter of just changing the parameters for that particular part. You are clearly more knowledgable that I on the matter - I did manage to set up my first node yesterday, but in no way should I profess to know what i'm doing with code - it makes me dizzy  Cheesy
legendary
Activity: 1400
Merit: 1000
my wallet is receiving 1 stake every day Wink
sr. member
Activity: 434
Merit: 250
Sure i read earlier this morning new wallet? was this correct or did i miss read something.

i don't think so, i think there is just a minor fix in the code needing done, not requiring a new wallet or another fork.
I think we are all good with regards to the wallet now.

So, how would this be achieved / where would you expect that code to sit?  Unless there is something totally different about Sync and it's not decentralized, the wallet code (or daemon if headless) IS the only code.


You don't need a new wallet evrytime the code is updated
sr. member
Activity: 420
Merit: 250
blocks seems faster now
in the last 2 hours, most of blocks are lesser than 10min

Yes, it's kind of oscillating isn't it? It's fast in periods, then slow again.. As if it had some hysteresis setting totally wrong.
member
Activity: 84
Merit: 10
blocks seems faster now
in the last 2 hours, most of blocks are lesser than 10min
sr. member
Activity: 364
Merit: 250
Stand up , Stand up , Stand up !
Coin nice, too little amount of
full member
Activity: 154
Merit: 100
just get my stake again  Grin

Sorry is this has been answered before, what is the min coins that must be in the wallet for staking?

there shouldn't be a minimum, i'm a bit puzzled if it has been coded this way, and why (?)
stake is random for everyone but you should see your coins stake at some point within 30 days of arriving in your wallet.

So what i just dont understand, and again sorry for repeating a question asked before, why is my coins not maturing. Most of the transactions have 70+ confirmations

Are your wallet in sync , whats your block number now?
Does the wallet encrypted?If yes, have you unlock it?
When was the last deposit and withdrawal? in hours.

Block 8330

Unlocked for stake

Last deposit bout 24 hours 77 confirms


any withdrawal after last deposit?

Yea i made one small one when i included the tx fee, but that is still 3 out of 5 confirms

so sum up all withdrawal after last deposit, is it more than last deposit?

Yea i just send some small amount from my wallet with the tx fee

So it is smaller the the deposit

have you use this  in send


No

I cant 100% sure, but this maybe the reason.
Let me explain a little bit about how withdrawal works.

1. You deposit 1 Sync to Address A.
2. You make a send action of 0.2 Sync from Address A to  Address B.
3. The wallet will
    a. send 0.2 Sync to Address B.
    b. send 0.8 Sync to a new address, Address C. (Address C is your address.)

Your 0.8 Sync is in Address C instead of Address A now.
That mean you changed address and discarded all the coinage.
As a result, wait another 6 hours for the 0.8 Sync in Address C to meet the min coinage requirement.

Again, I cannot confirm the problem is 100% because of this reason.
Try to use custom change address next time. (It is the Address A in the above case.)





Tx

Before i made the withdraw with the tx fee included i waited 24 hours and still nothing .. i will see what it does now

The stake icon never goes green?

No

You mean it did?

No, just gray ( Not staking becaure you dont have any mature coins)
member
Activity: 84
Merit: 10
just get my stake again  Grin

Sorry is this has been answered before, what is the min coins that must be in the wallet for staking?

there shouldn't be a minimum, i'm a bit puzzled if it has been coded this way, and why (?)
stake is random for everyone but you should see your coins stake at some point within 30 days of arriving in your wallet.

So what i just dont understand, and again sorry for repeating a question asked before, why is my coins not maturing. Most of the transactions have 70+ confirmations

Are your wallet in sync , whats your block number now?
Does the wallet encrypted?If yes, have you unlock it?
When was the last deposit and withdrawal? in hours.

Block 8330

Unlocked for stake

Last deposit bout 24 hours 77 confirms


any withdrawal after last deposit?

Yea i made one small one when i included the tx fee, but that is still 3 out of 5 confirms

so sum up all withdrawal after last deposit, is it more than last deposit?

Yea i just send some small amount from my wallet with the tx fee

So it is smaller the the deposit

have you use this  in send


No

I cant 100% sure, but this maybe the reason.
Let me explain a little bit about how withdrawal works.

1. You deposit 1 Sync to Address A.
2. You make a send action of 0.2 Sync from Address A to  Address B.
3. The wallet will
    a. send 0.2 Sync to Address B.
    b. send 0.8 Sync to a new address, Address C. (Address C is your address.)

Your 0.8 Sync is in Address C instead of Address A now.
That mean you changed address and discarded all the coinage.
As a result, wait another 6 hours for the 0.8 Sync in Address C to meet the min coinage requirement.

Again, I cannot confirm the problem is 100% because of this reason.
Try to use custom change address next time. (It is the Address A in the above case.)





Tx

Before i made the withdraw with the tx fee included i waited 24 hours and still nothing .. i will see what it does now

The stake icon never goes green?

No

You mean it did?
full member
Activity: 154
Merit: 100
just get my stake again  Grin

Sorry is this has been answered before, what is the min coins that must be in the wallet for staking?

there shouldn't be a minimum, i'm a bit puzzled if it has been coded this way, and why (?)
stake is random for everyone but you should see your coins stake at some point within 30 days of arriving in your wallet.

So what i just dont understand, and again sorry for repeating a question asked before, why is my coins not maturing. Most of the transactions have 70+ confirmations

Are your wallet in sync , whats your block number now?
Does the wallet encrypted?If yes, have you unlock it?
When was the last deposit and withdrawal? in hours.

Block 8330

Unlocked for stake

Last deposit bout 24 hours 77 confirms


any withdrawal after last deposit?

Yea i made one small one when i included the tx fee, but that is still 3 out of 5 confirms

so sum up all withdrawal after last deposit, is it more than last deposit?

Yea i just send some small amount from my wallet with the tx fee

So it is smaller the the deposit

have you use this  in send


No

I cant 100% sure, but this maybe the reason.
Let me explain a little bit about how withdrawal works.

1. You deposit 1 Sync to Address A.
2. You make a send action of 0.2 Sync from Address A to  Address B.
3. The wallet will
    a. send 0.2 Sync to Address B.
    b. send 0.8 Sync to a new address, Address C. (Address C is your address.)

Your 0.8 Sync is in Address C instead of Address A now.
That mean you changed address and discarded all the coinage.
As a result, wait another 6 hours for the 0.8 Sync in Address C to meet the min coinage requirement.

Again, I cannot confirm the problem is 100% because of this reason.
Try to use custom change address next time. (It is the Address A in the above case.)





Tx

Before i made the withdraw with the tx fee included i waited 24 hours and still nothing .. i will see what it does now

The stake icon never goes green?

No
member
Activity: 84
Merit: 10
just get my stake again  Grin

Sorry is this has been answered before, what is the min coins that must be in the wallet for staking?

there shouldn't be a minimum, i'm a bit puzzled if it has been coded this way, and why (?)
stake is random for everyone but you should see your coins stake at some point within 30 days of arriving in your wallet.

So what i just dont understand, and again sorry for repeating a question asked before, why is my coins not maturing. Most of the transactions have 70+ confirmations

Are your wallet in sync , whats your block number now?
Does the wallet encrypted?If yes, have you unlock it?
When was the last deposit and withdrawal? in hours.

Block 8330

Unlocked for stake

Last deposit bout 24 hours 77 confirms


any withdrawal after last deposit?

Yea i made one small one when i included the tx fee, but that is still 3 out of 5 confirms

so sum up all withdrawal after last deposit, is it more than last deposit?

Yea i just send some small amount from my wallet with the tx fee

So it is smaller the the deposit

have you use this  in send


No

I cant 100% sure, but this maybe the reason.
Let me explain a little bit about how withdrawal works.

1. You deposit 1 Sync to Address A.
2. You make a send action of 0.2 Sync from Address A to  Address B.
3. The wallet will
    a. send 0.2 Sync to Address B.
    b. send 0.8 Sync to a new address, Address C. (Address C is your address.)

Your 0.8 Sync is in Address C instead of Address A now.
That mean you changed address and discarded all the coinage.
As a result, wait another 6 hours for the 0.8 Sync in Address C to meet the min coinage requirement.

Again, I cannot confirm the problem is 100% because of this reason.
Try to use custom change address next time. (It is the Address A in the above case.)





Tx

Before i made the withdraw with the tx fee included i waited 24 hours and still nothing .. i will see what it does now

The stake icon never goes green?
full member
Activity: 154
Merit: 100
just get my stake again  Grin

Sorry is this has been answered before, what is the min coins that must be in the wallet for staking?

there shouldn't be a minimum, i'm a bit puzzled if it has been coded this way, and why (?)
stake is random for everyone but you should see your coins stake at some point within 30 days of arriving in your wallet.

So what i just dont understand, and again sorry for repeating a question asked before, why is my coins not maturing. Most of the transactions have 70+ confirmations

Are your wallet in sync , whats your block number now?
Does the wallet encrypted?If yes, have you unlock it?
When was the last deposit and withdrawal? in hours.

Block 8330

Unlocked for stake

Last deposit bout 24 hours 77 confirms


any withdrawal after last deposit?

Yea i made one small one when i included the tx fee, but that is still 3 out of 5 confirms

so sum up all withdrawal after last deposit, is it more than last deposit?

Yea i just send some small amount from my wallet with the tx fee

So it is smaller the the deposit

have you use this  in send


No

I cant 100% sure, but this maybe the reason.
Let me explain a little bit about how withdrawal works.

1. You deposit 1 Sync to Address A.
2. You make a send action of 0.2 Sync from Address A to  Address B.
3. The wallet will
    a. send 0.2 Sync to Address B.
    b. send 0.8 Sync to a new address, Address C. (Address C is your address.)

Your 0.8 Sync is in Address C instead of Address A now.
That mean you changed address and discarded all the coinage.
As a result, wait another 6 hours for the 0.8 Sync in Address C to meet the min coinage requirement.

Again, I cannot confirm the problem is 100% because of this reason.
Try to use custom change address next time. (It is the Address A in the above case.)





Tx

Before i made the withdraw with the tx fee included i waited 24 hours and still nothing .. i will see what it does now
sr. member
Activity: 434
Merit: 250
newbie
Activity: 29
Merit: 0
Is SYNC a good buy at current price?
sr. member
Activity: 434
Merit: 250
Everything is working fine Smiley

Let's pump the price ppl stop selling it so cheap ..!?!

Think !

it's OK for now, the low price has helped with distribution - toprichlist is now more evenly spread.
i'll continue to buy Sync as and when I have the BTC to invest, but for now, the low price isn't an issue really, we are still in distribution phase, where most coins do worthless giveaways (which devalue the coin) - we have played our trolls well, they have dumped at low prices and as a result, more people have invested in Sync.

all is well  Grin

It's all very good at the moment. At first, it was a challenge just to get that 1 Sync. Now, I think even 10 might be possible to achieve.. Some time during this week!

I'd say Coolcoin is at least comparable to SyncCoin. Their POS has been rolling along very smoothly since the beginning, off course they've never been POW and their distribution method is questionable, but perhaps we could use some of their parameters to get our blockchain rolling a little bit smoother?


i think we all look back on the PoW period with a little pride to know that we did actually manage to accrue some amount of Sync.. it was a fun time but it ain't going to come around again, historically, we broke records, we get listed on MP without any bribe and as a community we have ensured a wide distribution.
Anything which we can pick from the open sources can only be good for the evolution of Sync.. and now that you have thrown down the 10Sync gauntlet... haha, i'm in!
member
Activity: 84
Merit: 10
just get my stake again  Grin

Sorry is this has been answered before, what is the min coins that must be in the wallet for staking?

there shouldn't be a minimum, i'm a bit puzzled if it has been coded this way, and why (?)
stake is random for everyone but you should see your coins stake at some point within 30 days of arriving in your wallet.

So what i just dont understand, and again sorry for repeating a question asked before, why is my coins not maturing. Most of the transactions have 70+ confirmations

Are your wallet in sync , whats your block number now?
Does the wallet encrypted?If yes, have you unlock it?
When was the last deposit and withdrawal? in hours.

Block 8330

Unlocked for stake

Last deposit bout 24 hours 77 confirms


any withdrawal after last deposit?

Yea i made one small one when i included the tx fee, but that is still 3 out of 5 confirms

so sum up all withdrawal after last deposit, is it more than last deposit?

Yea i just send some small amount from my wallet with the tx fee

So it is smaller the the deposit

have you use this  in send


No

I cant 100% sure, but this maybe the reason.
Let me explain a little bit about how withdrawal works.

1. You deposit 1 Sync to Address A.
2. You make a send action of 0.2 Sync from Address A to  Address B.
3. The wallet will
    a. send 0.2 Sync to Address B.
    b. send 0.8 Sync to a new address, Address C. (Address C is your address.)

Your 0.8 Sync is in Address C instead of Address A now.
That mean you changed address and discarded all the coinage.
As a result, wait another 6 hours for the 0.8 Sync in Address C to meet the min coinage requirement.

Again, I cannot confirm the problem is 100% because of this reason.
Try to use custom change address next time. (It is the Address A in the above case.)



sr. member
Activity: 420
Merit: 250
Everything is working fine Smiley

Let's pump the price ppl stop selling it so cheap ..!?!

Think !

it's OK for now, the low price has helped with distribution - toprichlist is now more evenly spread.
i'll continue to buy Sync as and when I have the BTC to invest, but for now, the low price isn't an issue really, we are still in distribution phase, where most coins do worthless giveaways (which devalue the coin) - we have played our trolls well, they have dumped at low prices and as a result, more people have invested in Sync.

all is well  Grin

It's all very good at the moment. At first, it was a challenge just to get that 1 Sync. Now, I think even 10 might be possible to achieve.. Some time during this week!

I'd say Coolcoin is at least comparable to SyncCoin. Their POS has been rolling along very smoothly since the beginning, off course they've never been POW and their distribution method is questionable, but perhaps we could use some of their parameters to get our blockchain rolling a little bit smoother?
sr. member
Activity: 434
Merit: 250
Sure i read earlier this morning new wallet? was this correct or did i miss read something.

i don't think so, i think there is just a minor fix in the code needing done, not requiring a new wallet or another fork.
I think we are all good with regards to the wallet now.
member
Activity: 170
Merit: 10
The World’s First Blockchain Core
Sure i read earlier this morning new wallet? was this correct or did i miss read something.
sr. member
Activity: 434
Merit: 250
50 confirmations for stakes are quite high at current speed.
if the next update still cannot speed blocks up, then may be consider to lower it?

i agree but 50 confirms is correct when blockchain moves in a regular fashion, currently our blockchain is slightly intermittent, and as a result 50 confirms merely seems a long time. however.... my stake yesterday took ~24 hours to mature, I think this is ok, i've no problem waiting a day for stake.

yea i think 50 is ok as well.
if the blockchain goes to normal speed, i think it will be like 60sec per block? then that is fine with 50confirmations.

yes I think that is the correct timing.. i'm actually in two minds about it though... i think 24hrs to stake is a good length of time for Sync. Perhaps 50minutes would be too quick? don't you think?

yes, but just change it later after the speed becomes normal. everything need quick for this moment.

i agree, for the sake of transactions, the blockchain should run faster. it's good to discuss this with a constructive outlook.

yes, block speeds need faster now.
eg, poloniex need 200 confirms. that will take forever. but if 60sec per block, then is ok.
(however, i wish dev ask poloniex and mintpal lower than confirmation number, they are 200 and 50 of my last update)

yes, keeping a good relationship with exchanges is vital - since Sync is a long term investment, we will have stagnant periods while people hold for stake. We need to make sure that the relationship between Commmunity - Dev - Exchanges is a solid one and that everyone knows we will not always provide huge volume, but we will offer sensible exchange fees, as price rises and Sync value is realised.
We don't need to pump this coin, it's a PoS worth holding - so buy in at whatever price you can afford.
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