Pages:
Author

Topic: [ANN][CASH] Crypto CASH | Proof of Stake & COIN CONTROL | On Cryptsy | 0 PREMINE - page 59. (Read 248274 times)

member
Activity: 112
Merit: 10
buy cash before it reach 10 000 cash is going up both price and diff when bigger asic come it will come back to 50 000 satoshi for sure
full member
Activity: 230
Merit: 100
newbie
Activity: 17
Merit: 0
Had some coins stake last night and can now explain the rest of it.

First of all here are some coins in my wallet of the correct age for POS.
http://i115.photobucket.com/albums/n316/tmuir1/Cashcoin/coincontrol5.png

Then during the night I had two lots of coins stake and earn me some interest.
http://i115.photobucket.com/albums/n316/tmuir1/Cashcoin/coincontrol6.png

I'm going to explain what happens in your wallet now focussing on the one that gave me 0.128134 Cash

http://i115.photobucket.com/albums/n316/tmuir1/Cashcoin/coincontrol7.png
Here is the same coins, note the amount of 10.054841 is no longer there but there is an amount of 5.091488 and 5.091487
If you add these two amounts together you get 10.182975.
Now if we take the interest 0.128134 from 10.182975 we get 10.054841.

So when your coins are used for POS the interest is added to the total and then this total is split in half and the coin age is reset to zero.

This means every time you earn interest the amount used is broken into two halves which means if you do nothing you POS will be roughly half for each payment, but you will get twice as many.
If you don't like this idea send them back to yourself to group them back together to get fewer but larger payments.

If you do the math you will see the coins earned just over 1.27% interest as there coin age was around 66500, or just over 46 days, so 10%PA interest was paid on just over 46 days, proving you don't loose interest if the coins don't stake right at the 30 day mark.

Hope this is of use to some people



wow, tq bro
very simple and good explanation
cash sent bro
full member
Activity: 230
Merit: 100
Had some coins stake last night and can now explain the rest of it.

First of all here are some coins in my wallet of the correct age for POS.


Then during the night I had two lots of coins stake and earn me some interest.


I'm going to explain what happens in your wallet now focussing on the one that gave me 0.128134 Cash


Here is the same coins, note the amount of 10.054841 is no longer there but there is an amount of 5.091488 and 5.091487
If you add these two amounts together you get 10.182975.
Now if we take the interest 0.128134 from 10.182975 we get 10.054841.

So when your coins are used for POS the interest is added to the total and then this total is split in half and the coin age is reset to zero.

This means every time you earn interest the amount used is broken into two halves which means if you do nothing you POS will be roughly half for each payment, but you will get twice as many.
If you don't like this idea send them back to yourself to group them back together to get fewer but larger payments.

If you do the math you will see the coins earned just over 1.27% interest as there coin age was around 66500, or just over 46 days, so 10%PA interest was paid on just over 46 days, proving you don't loose interest if the coins don't stake right at the 30 day mark.

Hope this is of use to some people

full member
Activity: 230
Merit: 100
While I wait for a POS to coin in so I can show how that displays I will show how to turn on coin control and show coin age for those that don't know how to set it up.

Open your wallet up and click on settings then options



In the window that opens up select Display and then put a check in the check-box for 'Display Coin Control Features'
Then click ok and close that window


Thats it, coin control is now enabled as long as you are using version 1.1 Wallet

Now to see your coin age click on the send button followed by the 'inputs' button that now comes up


The coin control window will now open and let you see the age of your coins.
POS starts once the coins have been in your wallet for more than 30 days.
Cash creates a new block roughly every minute (It can be a bit slower or faster so its not exact) so for the coins to be 30 days old 43,200 blocks must of been created since you received them.
Look at the image below and its a small sample from my wallet with the youngest coins only having 5438 confirmations with the oldest having 41507 confirmations, so none of these are old enough to be used for POS, with the oldest being 1693 confirmations (minutes) (28.2 hours) from reaching 30 days.




Once a coin reaches 30 days age it doesn't immediately stake, and sometimes it does stake but someone else's wallet also creates a stake and only one will be excepted into the block chain so if they beat you, yours will never confirm. But don't worry you haven't lost anything, it will just try again until you do get a stake.
Also coin age can go out to 90 days, so if you go off-line for 90 days and then come back online you won't loose any interest just instead of it being 30 days worth of 10% PA it would be 90 days worth of 10%PA.
I'm pretty sure though if its longer than 90 days you will start to loose interest.

I'll post up what the coins look like in your wallet after you have earned POS when I next earn a POS
full member
Activity: 230
Merit: 100


tq for your explaination bro
but sorry i still dont understand, can u make a step by step manual?

As long as I get another stake come in tonight I will take some screen shots and put something together
newbie
Activity: 17
Merit: 0
Yes that is POS, I'm guessing around 200 to 210 cash for each of those
It only takes 25 confirms for the stake to be released so its easy to miss it.
Easiest way to see which coins the POS came from is to turn on coin control.
Do this by going to settings,  options, Display and check the box that says display coin control.

Once you have done that, click on send coins and in the window that opens up click on inputs.
From here you can see the ages of all your coins, look for the newest coins and you will find 2 for each POS you minted.
What happens it splits the group of coins in 2 and adds the interest to one and resets the coin age to zero.

I originally had heaps of coins in groups of 10s and 20s which only gives a fraction of a coin each time it stakes.

What I do now at the end of each day is send all the coins that have staked that day to myself along with any new coins I've mined to make it one larger group.
This costs me 0.001 ir 0.002 cash to do, but it means rather than heaps of little stakes I now get fewer back of larger amounts of coins when POS happens

tq for your explaination bro
but sorry i still dont understand, can u make a step by step manual?
full member
Activity: 230
Merit: 100
Yes that is POS, I'm guessing around 200 to 210 cash for each of those
It only takes 25 confirms for the stake to be released so its easy to miss it.
Easiest way to see which coins the POS came from is to turn on coin control.
Do this by going to settings,  options, Display and check the box that says display coin control.

Once you have done that, click on send coins and in the window that opens up click on inputs.
From here you can see the ages of all your coins, look for the newest coins and you will find 2 for each POS you minted.
What happens it splits the group of coins in 2 and adds the interest to one and resets the coin age to zero.

I originally had heaps of coins in groups of 10s and 20s which only gives a fraction of a coin each time it stakes.

What I do now at the end of each day is send all the coins that have staked that day to myself along with any new coins I've mined to make it one larger group.
This costs me 0.001 ir 0.002 cash to do, but it means rather than heaps of little stakes I now get fewer back of larger amounts of coins when POS happens
full member
Activity: 230
Merit: 100
Yes safe to send, checkpoint server is a 'nice to have' but not essential now as there are quite a number of people having wallets online to get their POS, so this is helping secure the network.

I on average do several transactions every night, also whilst the whole crypto currency is going crazy low now is a good time to buy.
Just bought myself another 1000 cash and a smaller stash of feathercoins.
full member
Activity: 230
Merit: 100
We have talked about it and there is atleast one person working behind the scenes to try and get a new Dev.
If there is enough interest in supporting the coin it will eventually happen.
member
Activity: 112
Merit: 10
cant we just get a new Dev for this coin or its not possible here? this coin is well done and will be there working effieciently even with one miner so it wont die ever i believe ! it has great potential but the dev is dead and not promoting or developing this coin at all i think he abadoned us for sure... we need to move on !
full member
Activity: 230
Merit: 100
If you have some spare btc on cryptsy now is the time to buy Cash its at the bottom end of its cycle.
full member
Activity: 188
Merit: 100
mrcashking - GOOD IDEA Smiley
BTW. DOPE FLOW  Cool
full member
Activity: 230
Merit: 100
How is pool doing right now?

I mean is there really any pool now ?

Csah Mine big just glitched but is back and is usually pretty good

http://cash.minebig.com/index.php

new pool just started in the last few days
http://cash.n50.ru/index.php

Cash hash which is flaky for me
https://cash.hash.so/
newbie
Activity: 28
Merit: 0
How is pool doing right now?

I mean is there really any pool now ?
full member
Activity: 230
Merit: 100
I anyone else having probs with mine big

Just checked and yes I do.
Swapping to another pool now
member
Activity: 87
Merit: 10
I anyone else having probs with mine big
legendary
Activity: 1130
Merit: 1000
No good deed goes unpunished
I am now supporting this coin!  ..

Welcome aboard.

There is more to CASH coin than the name, lets see how long it takes for the Dev to resurrect.  Cheesy
Pages:
Jump to: