🆗[ANN][OK] Okcash | ⚡Fast | LTSSposv3hybrid | Easy to use | Reliable | ROKOS ✅ - page 131.

rmd73

sr. member

Activity: 385

Merit: 252

Think with your brain. It is not illegal (yet).

Quote from: sarabanda on February 27, 2016, 02:08:23 PM

Guys,whats happening with staisybit and OKcash Huh

No more stakes Cry

https://chainz.cryptoid.info/ok/#!extraction
Seemingly slowing down, but I think there are huge "entries" in those "first" wallets that have accumulated a lot of weight... see below.

Quote from: OKorator on February 25, 2016, 10:40:51 AM

Quote from: rmd73 on February 24, 2016, 11:15:40 PM

OKcash is seemingly "held hostage" on staking by a few whales (https://chainz.cryptoid.info/ok/#!extraction)... 10 addresses are taking 84% of the stakes, with the first 2 richest ones gulping 61% of the total stake.
It seems to me that there is needed a better distribution.
Relying exclusively on "cloud staking" is not the best way, I think.
ROKOS is a chance to change that.

I think when I looked the stats had changed. I do know that the #1 and #2 addresses (same owner) were not staking for about 30 to 60 days, so when they came back online, they've got a lot of weight built up. By the time I checked, the next 8 addresses for extraction ranged 5 to 47 on rich list. I know with POSv3 the orphans will be decreases dramatically, its worth discussing though, and I definitely appreciate the observations.

Also, I think that StaisyBit's staking script(s) are optimizing for total weight... and there are too few coins in their staking wallet to "compete" with the huge weight of the aforementioned "first" wallets. Also, they seem to be working on some very secret and hyped service and/or feature and lack the time to answer to clients/customers (an unpleasant "feature" of theirs, if anyone cares)...
Anyway, as long as the coins are there and nothing wrong happens, one must keep in mind that staking is like interest on a deposit, with the main difference that the "interest" is payed to the rich first and there are not such (legitimate) ways to get more coins than the coin's "interest rate" would give you for a specified amount of time.
In StaisyBit's case, the 59th position on the rich list gives the promise that staking would generate coins with the minimum of resources spent (CPU cycles == power == money), so they seem to "lock" (or maybe even take "off-line") the wallet(s) if the calculated weight is too low compared to the big whales out there.
[Rambling mode: off]

sarabanda

hero member

Activity: 835

Merit: 500

Guys,whats happening with staisybit and OKcash Huh

No more stakes Cry

batesresearch

legendary

Activity: 2424

Merit: 1148

Quote from: batesresearch on February 21, 2016, 04:55:28 AM

Hey guys,

We have a OKCash ideas raffle starting on the Tuesday 23rd February. To enter submit your idea for OK via our website. Your idea could be of what you would like to see developed for OK, it could be a new website project, an app idea or just a general idea of ways to improve and support / promote the OK adoption. Along with your idea please send 100 OK to our donation address P9N3bNxnn2PPvuEuQKwdwq4sK6tidKaWUp and include your transaction ID in your submission.

On receipt of your idea, you will be issued with a unique raffle ID, keep this to hand as the raffle will close on 1st March 2016 and entries will be drawn just after this.

Thanks to everyone who has submitted an idea! Remember our raffle ends in 3 days!

Good luck guys!

OKorator

sr. member

Activity: 492

Merit: 254

OKCash World-wide Community Leader and Promotions

Quote from: Varvarin on February 25, 2016, 02:58:09 PM

Quote from: OKorator on February 25, 2016, 02:19:25 PM

...

oh yeah, I remember why.

I have a few coins on a lot of services, but 90% to 95% I keep secure on my own devices. We could prolly use a few more coins on the sell side stored on exchanges, but that just goes to show OKcash isn't a fly by night coin. Staking and watching price grow is a win win

Don't forget PayCoin GAW miner clouds .. 10,000 people are suing .. Roll Eyes

There is always temptation to trade .. but pretty much everyone is trading to get more OK not BTC, which is a pretty unusual phenomenon. No one really wants to get bought out fully and then chase it. Grin

Guilty

I think the market had changed since hitting our recent peak. Seller beware

Varvarin

legendary

Activity: 1130

Merit: 1000

No good deed goes unpunished

Quote from: OKorator on February 25, 2016, 02:19:25 PM

...

oh yeah, I remember why.

I have a few coins on a lot of services, but 90% to 95% I keep secure on my own devices. We could prolly use a few more coins on the sell side stored on exchanges, but that just goes to show OKcash isn't a fly by night coin. Staking and watching price grow is a win win

Don't forget PayCoin GAW miner clouds .. 10,000 people are suing .. Roll Eyes

There is always temptation to trade .. but pretty much everyone is trading to get more OK not BTC, which is a pretty unusual phenomenon. No one really wants to get bought out fully and then chase it. Grin

OKorator

sr. member

Activity: 492

Merit: 254

OKCash World-wide Community Leader and Promotions

Quote from: Varvarin on February 25, 2016, 01:41:30 PM

Quote from: rmd73 on February 24, 2016, 11:15:40 PM

...

Relying exclusively on "cloud staking" is not the best way, I think.
ROKOS is a chance to change that.

Really no one should be cloud staking, the requirements for a staking PC are so low, I do not risk anything in cloud ... certainly not with everything I have seen past few years with clouds.

No disrespect to staisybit ... I'm just paranoid

I wonder why?

Gox
Cryptsy
Coinex.pw
LTCgear.com
Mintpal
Cryptostocks.com

oh yeah, I remember why.

I have a few coins on a lot of services, but 90% to 95% I keep secure on my own devices. We could prolly use a few more coins on the sell side stored on exchanges, but that just goes to show OKcash isn't a fly by night coin. Staking and watching price grow is a win win

Varvarin

legendary

Activity: 1130

Merit: 1000

No good deed goes unpunished

Quote from: rmd73 on February 24, 2016, 11:15:40 PM

...

Relying exclusively on "cloud staking" is not the best way, I think.
ROKOS is a chance to change that.

Really no one should be cloud staking, the requirements for a staking PC are so low, I do not risk anything in cloud ... certainly not with everything I have seen past few years with clouds.

No disrespect to staisybit ... I'm just paranoid

OKtoshi

legendary

Activity: 1140

Merit: 1004

OK

Quote from: harefakasinia on February 25, 2016, 10:33:44 AM

we Idea and Donation Done,
Thanks

Welcome to your community and thanks for your submission and support, Best of luck.

OKorator

sr. member

Activity: 492

Merit: 254

OKCash World-wide Community Leader and Promotions

Quote from: rmd73 on February 24, 2016, 11:15:40 PM

OKcash is seemingly "held hostage" on staking by a few whales (https://chainz.cryptoid.info/ok/#!extraction)... 10 addresses are taking 84% of the stakes, with the first 2 richest ones gulping 61% of the total stake.
It seems to me that there is needed a better distribution.
Relying exclusively on "cloud staking" is not the best way, I think.
ROKOS is a chance to change that.

I think when I looked the stats had changed. I do know that the #1 and #2 addresses (same owner) were not staking for about 30 to 60 days, so when they came back online, they've got a lot of weight built up. By the time I checked, the next 8 addresses for extraction ranged 5 to 47 on rich list. I know with POSv3 the orphans will be decreases dramatically, its worth discussing though, and I definitely appreciate the observations.

harefakasinia

newbie

Activity: 17

Merit: 0

we Idea and Donation Done,
Thanks

rmd73

sr. member

Activity: 385

Merit: 252

Think with your brain. It is not illegal (yet).

OKcash is seemingly "held hostage" on staking by a few whales (https://chainz.cryptoid.info/ok/#!extraction)... 10 addresses are taking 84% of the stakes, with the first 2 richest ones gulping 61% of the total stake.
It seems to me that there is needed a better distribution.
Relying exclusively on "cloud staking" is not the best way, I think.
ROKOS is a chance to change that.

OKorator

sr. member

Activity: 492

Merit: 254

OKCash World-wide Community Leader and Promotions

Quote from: batesresearch on February 24, 2016, 08:29:33 AM

Quote from: batesresearch on February 21, 2016, 04:55:28 AM

Hey guys,

We have a OKCash ideas raffle starting on the Tuesday 23rd February. To enter submit your idea for OK via our website. Your idea could be of what you would like to see developed for OK, it could be a new website project, an app idea or just a general idea of ways to improve and support / promote the OK adoption. Along with your idea please send 100 OK to our donation address P9N3bNxnn2PPvuEuQKwdwq4sK6tidKaWUp and include your transaction ID in your submission.

Thanks to everyone who has donated! As we have said all donations will go to prize funds, the prize funds will be re-calculated close to the raffle end.

Thanks for hosting (pun intended) such a great outreach for OKcash! Been spreading the word, and will keep doing so!

Get those ideas in guys!

batesresearch

legendary

Activity: 2424

Merit: 1148

Quote from: batesresearch on February 21, 2016, 04:55:28 AM

Hey guys,

We have a OKCash ideas raffle starting on the Tuesday 23rd February. To enter submit your idea for OK via our website. Your idea could be of what you would like to see developed for OK, it could be a new website project, an app idea or just a general idea of ways to improve and support / promote the OK adoption. Along with your idea please send 100 OK to our donation address P9N3bNxnn2PPvuEuQKwdwq4sK6tidKaWUp and include your transaction ID in your submission.

Thanks to everyone who has donated! As we have said all donations will go to prize funds, the prize funds will be re-calculated close to the raffle end.

Varvarin

legendary

Activity: 1130

Merit: 1000

No good deed goes unpunished

~~3759 satoshi~~ Wink

Nah just kidding .. probably 300 sats.

OKtoshi

legendary

Activity: 1140

Merit: 1004

OK

Quote from: OKorator on February 23, 2016, 05:21:49 PM

Free 1000 $OK to the winner...

Guess the price on close of day March 23.

https://twitter.com/OKcashOrator/status/702241216146993152

Enter your guess on twitter by replying to my pinned tweet. @OKcashorator
Must have your entry in by 2/28, this Friday.

Just for funzies! No go submit your ideas to Crypto Cloud!

Thanks for this great contest in the name of the community! sharing it in the diff forums.

OKorator

sr. member

Activity: 492

Merit: 254

OKCash World-wide Community Leader and Promotions

Free 1000 $OK to the winner...

Guess the price on close of day March 23.

https://twitter.com/OKcashOrator/status/702241216146993152

Enter your guess on twitter by replying to my pinned tweet. @OKcashorator
Must have your entry in by 2/28, this Friday.

Just for funzies! No go submit your ideas to Crypto Cloud!

OKorator

sr. member

Activity: 492

Merit: 254

OKCash World-wide Community Leader and Promotions

Quote from: jminer85 on February 23, 2016, 02:40:05 PM

I am running the newest version from the okcash site. version 3.0.0.4 I think. I will try to spread it out over a few addresses in my wallet and see if that helps. thanks for the response.

With 200k, you should see some healthy stakes start to take place. A lot of us our typically around if you want to brag, or have any other questions!

jminer85

member

Activity: 128

Merit: 10

I am running the newest version from the okcash site. version 3.0.0.4 I think. I will try to spread it out over a few addresses in my wallet and see if that helps. thanks for the response.

OKorator

sr. member

Activity: 492

Merit: 254

OKCash World-wide Community Leader and Promotions

Quote from: Varvarin on February 23, 2016, 01:44:48 PM

Quote from: ?? on ??

dont know too wanted to check out blackcoin block explorer and how much are staking there but the graph could not be right..true?
https://chainz.cryptoid.info/blk/#!extraction

i mean 16,2% staking and 83,3% not staking, should be the way other for blackcoin.

Difference being top BLK wallets are not staking and OK are. The 20% whale is basically slowing down the staking for all. 15 of the top 20 OK wallets are active daily.

If you have a small amount .. sort of less than 500k I guess, best to reblock the whole wallet into one transaction, send to yourself and it will stake much faster. The small blocks take long to stake and with such a huge wallet staking in a single address is pushing the difficulty through the roof.

So sort of two angles to look at. One is the top addresses with most coins are staking, showing at least some degree these are active accounts and people interested in more OK. With them staking though, it makes it more difficult, for those with lesser amounts.

I thought about it as a measure of activity, I don't see why overall its not a great measure that so many with OK, want more, rather than risking it on the exchange, they are going to stake 20% this year.

Anyone seen any articles correlating staking with overall coin price/adoption/etc.

Varvarin

legendary

Activity: 1130

Merit: 1000

No good deed goes unpunished

Quote from: ?? on ??

dont know too wanted to check out blackcoin block explorer and how much are staking there but the graph could not be right..true?
https://chainz.cryptoid.info/blk/#!extraction

i mean 16,2% staking and 83,3% not staking, should be the way other for blackcoin.

Difference being top BLK wallets are not staking and OK are. The 20% whale is basically slowing down the staking for all. 15 of the top 20 OK wallets are active daily.

If you have a small amount .. sort of less than 300k I guess, best to reblock the whole wallet into one transaction, send to yourself and it will stake much faster. The small blocks take long to stake and with such a huge wallet staking in a single address is pushing the difficulty through the roof.

Topic: 🆗[ANN][OK] Okcash | ⚡Fast | LTSSposv3hybrid | Easy to use | Reliable | ROKOS ✅ - page 131. (Read 458917 times)