Excited about the upcoming developments
Topic: [ANN][DCR] Decred - Community Governance | Bitcoin Devs | Lightning Network - page 207. (Read 1201380 times)
January 28, 2017, 05:40:30 AM
200k Sats for DECRED is in sight
Excited about the upcoming developments
Excited about the upcoming developments
January 28, 2017, 05:39:26 AM
Since, I couldn't find this anywhere, I put together simple spreadsheet that has a table that shows the yield (% returns) on tickets based on ticket price and fee rate.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
I've added some extra granularity around the low fees to reflect what you would be paying at higher ticket prices and removed some of the really high fees that we haven't seen. It shows that there is a sweet spot around 35-40 where the return is higher given that fees will be lower. I've also added some extra data showing how many tickets you'll get for a given amount of DCR and what the absolute return is assuming that all tickets vote. The red cells are those that are highly unlikely ticket price / fee combinations while the yellow area is around where the minimum fees tend to sit for low prices. You may or may not get in at those fees.
This analysis also doesn't take into account missed or expired tickets, although it's low enough that it shouldn't be a problem.
https://docs.google.com/spreadsheets/d/1SlQ6eKoJVpesAp-CxUev0csig6rhgV3yRRLA6bCdMbc/edit?usp=sharing
Thank you guys for your analysis and the publication of these data, which will enable me to optimize the strategy of buying tickets, timing of their execution and decrease fee rates. It is not easy to understand the intricacies of this process and fee rates. I hope that the release of the new wallet will simplify this process.
January 28, 2017, 01:29:09 AM
Thanks for the spreadsheet. 1.6 DCR is more than the reward though .....
1.6 is the fee rate. The fee is that time 0.539 for a normal ticket transaction kilobytes. So 0.8624 DCR
ahh OK thanks for clearing that up for me, I would have never thought of paying that much for a ticket, figured those large price spikes were nuts. Math pays off.......................
January 28, 2017, 01:06:54 AM
Thanks for the spreadsheet. 1.6 DCR is more than the reward though .....
1.6 is the fee rate. The fee is that time 0.539 for a normal ticket transaction kilobytes. So 0.8624 DCR
January 28, 2017, 12:51:24 AM
Since, I couldn't find this anywhere, I put together simple spreadsheet that has a table that shows the yield (% returns) on tickets based on ticket price and fee rate.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
Thanks for the spreadsheet. 1.6 DCR is more than the reward though .....
January 27, 2017, 11:33:49 PM
Since, I couldn't find this anywhere, I put together simple spreadsheet that has a table that shows the yield (% returns) on tickets based on ticket price and fee rate.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
Thanks Charlie
Cheers m8
January 27, 2017, 09:58:34 PM
What is the latest news in Decred?
- Lightning Network support
- Privacy project with a new and unique anon system
- Global Marketing Campaign
- Smart contracts
- DAO
- GUI wallets for mac and linux and in 02/07 will be implemented the purchase of tickets in them
and
- Project Charybdis
https://video.twimg.com/tweet_video/C3IpWU2UMAAKxay.mp4
January 27, 2017, 09:40:27 PM
What's with the puzzle? Where will it lead?
https://medium.com/@narcelio/solving-coin-artists-first-decred-puzzle-11c8113caf39#.kz9r476ym
and this video:
Project Charybdis... coming soon
https://video.twimg.com/tweet_video/C3IpWU2UMAAKxay.mp4
January 27, 2017, 07:55:47 PM
Since, I couldn't find this anywhere, I put together simple spreadsheet that has a table that shows the yield (% returns) on tickets based on ticket price and fee rate.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
I've added some extra granularity around the low fees to reflect what you would be paying at higher ticket prices and removed some of the really high fees that we haven't seen. It shows that there is a sweet spot around 35-40 where the return is higher given that fees will be lower. I've also added some extra data showing how many tickets you'll get for a given amount of DCR and what the absolute return is assuming that all tickets vote. The red cells are those that are highly unlikely ticket price / fee combinations while the yellow area is around where the minimum fees tend to sit for low prices. You may or may not get in at those fees.
This analysis also doesn't take into account missed or expired tickets, although it's low enough that it shouldn't be a problem.
https://docs.google.com/spreadsheets/d/1SlQ6eKoJVpesAp-CxUev0csig6rhgV3yRRLA6bCdMbc/edit?usp=sharing
January 27, 2017, 06:02:07 PM
Since, I couldn't find this anywhere, I put together simple spreadsheet that has a table that shows the yield (% returns) on tickets based on ticket price and fee rate.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
https://docs.google.com/spreadsheets/d/1IE1gXeYoJHU_NDw-9YMfS-nihg0D4NBpK98ecRKe1Pk/edit?usp=sharing
As you can see you would have been better off paying 1.6 DCR fee rate in the last cycle than 0.01 DCR fee rate on this cycle at 68.51 ticket price. Copy the spreadsheet and have fun with it. Would be cool if someone creates a webpage like this.
January 26, 2017, 04:33:08 PM
Thanks. I see the average fee field, but it always says 0. And if I click show fees they're usually all zero too (though I just checked and one was 0.01 not 0). I guess I'll buy a few when it goes down to 75 or 80 then try to get a few more under 40.
It says zero because there are 0 requests for ticket at that moment (hence no fees to derive an average). It's often the case at very high prices, like near or over 100.
Don't buy at 70 or 80, wait for prices 50 or below. Between 40 and 50 you'll almost certainly succeed at default fees
January 26, 2017, 03:46:42 PM
Anyone have some insight on when the best time to buy tickets now is, and how to estimate fees?
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
To avoid the fee wars, I'd suggest buying in the 40's and 50's range. These will usually go through even at the default/minimum ticketfee.
Lower ticket prices
Tickets are the mechanism by which PoS works. You buy tickets which allow you to vote when your ticket is included in a block, and then also get some bonus DCR when you vote.
January 26, 2017, 03:40:50 PM
Anyone have some insight on when the best time to buy tickets now is, and how to estimate fees?
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
To avoid the fee wars, I'd suggest buying in the 40's and 50's range. These will usually go through even at the default/minimum ticketfee.
Lower ticket prices
January 26, 2017, 03:40:26 PM
Thanks. I see the average fee field, but it always says 0. And if I click show fees they're usually all zero too (though I just checked and one was 0.01 not 0). I guess I'll buy a few when it goes down to 75 or 80 then try to get a few more under 40.
January 26, 2017, 02:53:37 PM
What is the latest news in Decred?
Part of what you seek persists.
January 26, 2017, 02:51:21 PM
Anyone have some insight on when the best time to buy tickets now is, and how to estimate fees?
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
To avoid the fee wars, I'd suggest buying in the 40's and 50's range. These will usually go through even at the default/minimum ticketfee.
Lower ticket prices get quite competitive, but even then, on a couple of recent occasions, I've been able to pickup some tickets in the 30's range, with a ticketfee setting of 0.0666/Kb.
Personally, I stay clear of the 20's ticket prices, as I'm not a fan of the fee wars that ensue. To succeed at that range of ticket prices, I suppose one must really be using ticketbuyer (and conceding a large portion of the voting reward to ticket fees).
January 26, 2017, 02:30:13 PM
What is the latest news in Decred?
January 26, 2017, 02:19:59 PM
Anyone have some insight on when the best time to buy tickets now is, and how to estimate fees?
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
dcrstats has a field with average fee. On the left hand side, at the same row with current price.
It's not fee per ticket though, but something related, like fee per a certain amount of size in bytes of the ticket transaction or something like that.
I think ticket fee works out at something around half of what dcrstats reports, but someone please correct me if I'm wrong
January 26, 2017, 01:49:22 PM
Anyone have some insight on when the best time to buy tickets now is, and how to estimate fees?
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
It looks like there are four points per cycle on the oscillating ticket price graph: 40, 80, 120, and 80 DCR, approximately. I've heard that fees go insane when ticket price hits that low point around 40ish, but I'm not seeing any fee info on dcrstats or in wallet with getstakeinfo command or whatever.
Any advice or suggestions appreciated...
January 26, 2017, 01:27:01 PM
What's with the puzzle? Where will it lead?
My guess, it'll be leading down the proverbial 'rabbit hole'
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