Topic: [ANN][SEED] SeedCoin | New Road Map - page 106. (Read 184134 times)

Quote from: cryptzo on October 08, 2014, 04:16:24 PM

I edited my post, but in case you don't see it right away:

The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.

Where is coin control?

got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking?

Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before.

If you do send coins to yourself, choose coins that just recently minted and would otherwise be immature anyways, that way you don't miss out on much minting time.

But if you keep staking in small portions now, each time you stake that's one less POW block as well.

So I'm the one ruining it for the miners, which is funny because I'm a miner--at least for the next couple hours. Would one seed be a large enough chunk? I'll try to consolidate some of mine over the next day or so. And how many chunks would be ideal? Maybe 4, about one every six hours?

4 is good going into growth for sure, making sure to account for having enough age then. Right now it's negligible. You're actually earning more off your seeds doing it the way you are now than you would be if they were in larger chunks, because of the minimum staking reward.

It's complicated, I can't really suggest what to do. You're in an interesting position. It's quite a game. For example, if you were to go into growth as you are now, you wouldn't actually grow very many coins, but you'd make it difficult for other people to grow their coins either. It's something I hadn't considered. There's so many elements at play here. I just have no idea what's going to happen. Only time will tell.

This is very interesting. One more question. Let's say I do four chunks. Is it important that I time them six hours apart in terms of time? Or could I say, do this over two or three days, around the same time each day? Say I have 4 seed, and I decide to break it down into four chunks of one seed each? Would it make a difference if I consolidated at the same time each day, say 9am? or is it better to make sure it's at different times each day?

cryptzo

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Activity: 140

Merit: 100

Quote from: wiser on October 08, 2014, 04:44:37 PM

Quote from: Wheezy- on October 08, 2014, 04:41:57 PM

Quote from: cryptzo on October 08, 2014, 04:16:24 PM

I edited my post, but in case you don't see it right away:

The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.

Where is coin control?

got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking?

Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before.

If you do send coins to yourself, choose coins that just recently minted and would otherwise be immature anyways, that way you don't miss out on much minting time.

But if you keep staking in small portions now, each time you stake that's one less POW block as well.

So I'm the one ruining it for the miners, which is funny because I'm a miner--at least for the next couple hours. Would one seed be a large enough chunk? I'll try to consolidate some of mine over the next day or so. And how many chunks would be ideal? Maybe 4, about one every six hours?

4 is good going into growth for sure, making sure to account for having enough age then. Right now it's negligible. You're actually earning more off your seeds doing it the way you are now than you would be if they were in larger chunks, because of the minimum staking reward.

It's complicated, I can't really suggest what to do. You're in an interesting position. It's quite a game. For example, if you were to go into growth as you are now, you wouldn't actually grow very many coins, but you'd make it difficult for other people to grow their coins either. It's something I hadn't considered. There's so many elements at play here. I just have no idea what's going to happen. Only time will tell.

coinking

legendary

Activity: 927

Merit: 1000

Quote from: wiser on October 08, 2014, 12:55:24 PM

Quote from: coinking on October 08, 2014, 12:53:34 PM

I've tried restarting a few times with no positive results. 2091 blocks to go

Did you try this fix from this message: https://bitcointalksearch.org/topic/m.9129679 ?

Thanks, that seemed to do it!

wiser

legendary

Activity: 1806

Merit: 1029

Quote from: Wheezy- on October 08, 2014, 04:41:57 PM

Quote from: cryptzo on October 08, 2014, 04:16:24 PM

I edited my post, but in case you don't see it right away:

The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.

Where is coin control?

got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking?

Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before.

If you do send coins to yourself, choose coins that just recently minted and would otherwise be immature anyways, that way you don't miss out on much minting time.

But if you keep staking in small portions now, each time you stake that's one less POW block as well.

So I'm the one ruining it for the miners, which is funny because I'm a miner--at least for the next couple hours. Would one seed be a large enough chunk? I'll try to consolidate some of mine over the next day or so. And how many chunks would be ideal? Maybe 4, about one every six hours?

Wheezy-

full member

Activity: 126

Merit: 100

please add the block explorer link to the OP when you get a chance, thanks

Wheezy-

full member

Activity: 126

Merit: 100

Quote from: cryptzo on October 08, 2014, 04:16:24 PM

I edited my post, but in case you don't see it right away:

The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.

Where is coin control?

got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking?

Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before.

If you do send coins to yourself, choose coins that just recently minted and would otherwise be immature anyways, that way you don't miss out on much minting time.

But if you keep staking in small portions now, each time you stake that's one less POW block as well.

cryptzo

full member

Activity: 140

Merit: 100

I just checked the code. Yeah, the network weight algorithm completely ignores blocks mined with POW, and yet the actual difficulty of staking takes the current POW difficulty into account.

cryptzo

full member

Activity: 140

Merit: 100

Quote from: cryptzo on October 08, 2014, 04:16:24 PM

I edited my post, but in case you don't see it right away:

The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.

Where is coin control?

got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

wiser

legendary

Activity: 1806

Merit: 1029

Quote from: cryptzo on October 08, 2014, 04:16:24 PM

I edited my post, but in case you don't see it right away:

The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.

Where is coin control?

got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking?

Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before.

cryptzo

full member

Activity: 140

Merit: 100

Quote from: wiser on October 08, 2014, 04:12:44 PM

Quote from: cryptzo on October 08, 2014, 04:05:55 PM

Quote from: boxxa on October 08, 2014, 03:46:42 PM

Quote from: Altpocalypse on October 08, 2014, 02:55:29 PM

So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.

I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself?

Stake weight is a combination of your coins you hold that are in a single block and then how long has passed. Blocks compete in POS for the highest stake weight for who signs it. If yours is above the network, you should get a reward. If you are newly staking, you would have a low stake weight vs the network as you need to wait your turn for your reward.

For the past hour or so my weight has been higher than the network. Also bigger amounts are going into the "stake" section and the 0.00001 rewards are getting more frequent. But they are always 0.00001. That's the part I don't understand--how no matter what amount of coin goes into the "stake" section, the reward is the same but I get more of them. It would just help to understand the formula behind it.

Your're actually a big reason there's so much stake extraction on the network then. All of your coins contribute to your weight, and only the coins you actually stake with are actually getting removed from your weight. I'd recommend sending coins to yourself at some point (literally just send coins to your own address) so that they aren't all broken up like grains of sand in your wallet, because if they are they'll stake one at a time.

What would be a good amount to send? I could do several transactions like that. I do like spreading the staking around, but maybe not like grains of sand--more like pebbles Wink

I edited my post, but in case you don't see it right away:

The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.

wiser

legendary

Activity: 1806

Merit: 1029

Quote from: cryptzo on October 08, 2014, 04:05:55 PM

Quote from: boxxa on October 08, 2014, 03:46:42 PM

Quote from: Altpocalypse on October 08, 2014, 02:55:29 PM

So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.

I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself?

Stake weight is a combination of your coins you hold that are in a single block and then how long has passed. Blocks compete in POS for the highest stake weight for who signs it. If yours is above the network, you should get a reward. If you are newly staking, you would have a low stake weight vs the network as you need to wait your turn for your reward.

For the past hour or so my weight has been higher than the network. Also bigger amounts are going into the "stake" section and the 0.00001 rewards are getting more frequent. But they are always 0.00001. That's the part I don't understand--how no matter what amount of coin goes into the "stake" section, the reward is the same but I get more of them. It would just help to understand the formula behind it.

Your're actually a big reason there's so much stake extraction on the network then. All of your coins contribute to your weight, and only the coins you actually stake with are actually getting removed from your weight. I'd recommend sending coins to yourself at some point (literally just send coins to your own address) so that they aren't all broken up like grains of sand in your wallet, because if they are they'll stake one at a time.

What would be a good amount to send? I could do several transactions like that. I do like spreading the staking around, but maybe not like grains of sand--more like pebbles Wink

cryptzo

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Activity: 140

Merit: 100

Quote from: boxxa on October 08, 2014, 03:46:42 PM

Quote from: Altpocalypse on October 08, 2014, 02:55:29 PM

So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.

I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself?

Stake weight is a combination of your coins you hold that are in a single block and then how long has passed. Blocks compete in POS for the highest stake weight for who signs it. If yours is above the network, you should get a reward. If you are newly staking, you would have a low stake weight vs the network as you need to wait your turn for your reward.

For the past hour or so my weight has been higher than the network. Also bigger amounts are going into the "stake" section and the 0.00001 rewards are getting more frequent. But they are always 0.00001. That's the part I don't understand--how no matter what amount of coin goes into the "stake" section, the reward is the same but I get more of them. It would just help to understand the formula behind it.

Your're actually a big reason there's so much stake extraction on the network then. All of your coins contribute to your weight, and only the coins you actually stake with are actually getting removed from your weight. I'd recommend sending coins to yourself at some point (literally just send coins to your own address) so that they aren't all broken up like grains of sand in your wallet, because if they are they'll stake one at a time.

Edit: This is part of the educate yourself thing I was talking about before. The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.

wiser

legendary

Activity: 1806

Merit: 1029

Quote from: cryptzo on October 08, 2014, 03:59:35 PM

Quote from: wiser on October 08, 2014, 03:34:39 PM

Quote from: Altpocalypse on October 08, 2014, 02:55:29 PM

So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.

I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself?

EDIT: It seems to me that no matter how much is staked, the reward is always 0.00001. How exactly does that work out?

You're staking from blocks you've minted. The stake reward of 0.00001 is the minimum stake possible. If the portion of coins that were used to stake would have produced less than that, you'd stake 0.00001. Th'e current rate is 1% per year. So if the number of coins you're staking / 365 / 100 is less than 0.00001, you'll actually get 0.00001. Generally you don't stake all your coins in a single block, but rather they get spread out over time. This behavior helps support the network.

Thanks for the explanation. That makes more sense. I just couldn't go any lower LOL. I just had no idea what a bargain I was getting Wink

klopper

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Quote from: cryptzo on October 08, 2014, 03:59:35 PM

Quote from: wiser on October 08, 2014, 03:34:39 PM

Quote from: Altpocalypse on October 08, 2014, 02:55:29 PM

So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.

I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself?

EDIT: It seems to me that no matter how much is staked, the reward is always 0.00001. How exactly does that work out?

You're staking from blocks you've minted. The stake reward of 0.00001 is the minimum stake possible. If the portion of coins that were used to stake would have produced less than that, you'd stake 0.00001. Th'e current rate is 1% per year. So if the number of coins you're staking / 365 / 100 is less than 0.00001, you'll actually get 0.00001. Generally you don't stake all your coins in a single block, but rather they get spread out over time. This behavior helps support the network.

So many small transactions in to wallet would generate more pos blocks then on big transaction in to wallet?

cryptzo

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Activity: 140

Merit: 100

Quote from: wiser on October 08, 2014, 03:34:39 PM

Quote from: Altpocalypse on October 08, 2014, 02:55:29 PM

So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.

I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself?

EDIT: It seems to me that no matter how much is staked, the reward is always 0.00001. How exactly does that work out?

You're staking from blocks you've minted. The stake reward of 0.00001 is the minimum stake possible. If the portion of coins that were used to stake would have produced less than that, you'd stake 0.00001. Th'e current rate is 1% per year. So if the number of coins you're staking / 365 / 100 is less than 0.00001, you'll actually get 0.00001. Generally you don't stake all your coins in a single block, but rather they get spread out over time. This behavior helps support the network.

wiser

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Activity: 1806

Merit: 1029

Quote from: tx42 on October 08, 2014, 03:51:44 PM