[ANN][VTR] vTorrent - Share with freedom | 2FA | HD | @Bittrex - page 65.

dickwhite

full member

Activity: 225

Merit: 100

Quote from: MrSunshine on March 15, 2017, 04:30:37 PM

So I am a newbie to staking. Should I be staking with my coins in my wallet?
So you are saying 5% more coins per year if staking.

Will I only get a reward if I keep it open 24/7/365?

I think this code saying if you are staking 200 days a year you will get 200/365 * 5% reward? So in this case it would be like 2.74%

Thanks

Yes, keep your coins in your wallet and unlock it for staking by clicking on the lock and entering your encryption password. Coin staking is a product of weight, time and luck, so you must be patient. Since the minimum stake age is 6 hours, it would be best to have your wallet open 24/7/365, as you may have multiple stakes/day. Theoretically, stake reward is 5%/year of your coin total. However, you will stake less if difficulty is high.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: MrSunshine on March 15, 2017, 04:30:37 PM

...

So I am a newbie to staking. Should I be staking with my coins in my wallet?
So you are saying 5% more coins per year if staking.

Will I only get a reward if I keep it open 24/7/365?

I think this code saying if you are staking 200 days a year you will get 200/365 * 5% reward? So in this case it would be like 2.74%

Thanks

See the video link for keeping your wallet open, but secured for staking
https://bitcointalksearch.org/topic/m.10231367

The wallet will work out how many coins to stake. You don't need to do anything other than unlock your wallet, but keep it protected with 2FA.

hughbt

hero member

Activity: 613

Merit: 501

I bet he holds at least 10% of the supply. This project is over 2 years old so he already spent a lot of time working on it - this tells me that sooner or later the main functionality will be released(otherwise he would have just pumped and dumped it long time ago). Hence selling the premine before the release doesn't make any sense and he must be holding >= 3%.

Pickleninja

sr. member

Activity: 242

Merit: 250

Quote from: sluggo on March 15, 2017, 02:34:26 PM

Quote from: bv68bot on March 15, 2017, 06:56:37 AM

How many coins does the dev have, is he loaded up and incentivised?

3% premine

You can't really trust that number though as it was 2 years ago... he may have more, or less.

-pickle

MrSunshine

sr. member

Activity: 1181

Merit: 259

Quote from: Scrotum on March 14, 2017, 11:39:12 PM

Quote from: coins101 on March 08, 2017, 11:01:09 AM

Quote from: coins101 on March 07, 2017, 06:50:08 PM

Quote from: Pickleninja on March 07, 2017, 06:44:58 PM

Quote from: coins101 on March 07, 2017, 05:48:46 PM

Quote from: boomboom on March 07, 2017, 04:50:21 PM

Can someone post some nodes, can't sync

I think more people need to be staking to keep the chain zinging along.

Whats the average rate of return when it comes to staking?

OP has it at 5%/year

That's the rate of increase for the coin supply. I'll have a look at the repo to see what the stake reward is based on.

edit

I'll do it tomorrow.

Well this is a bundle of fun.

Basically, it's 5% per year

Code:

static const int64_t COIN_YEAR_REWARD = 5 * CENT; // 5% per year

But it looks like there is a change to encourage people to be online

Code:

// miner's coin stake reward based on coin age spent (coin-days)
    int64_t nSubsidy;
    if (IsProtocolV3(pindexPrev->nHeight))
        nSubsidy = (pindexPrev->nMoneySupply / COIN) * COIN_YEAR_REWARD / (365 * 24 * (60 * 60 / 64));
    else
        nSubsidy = nCoinAge * COIN_YEAR_REWARD * 33 / (365 * 33 + 8);

    if (fDebug && GetBoolArg("-printcreation"))
        LogPrintf("GetProofOfStakeReward(): create=%s nCoinAge=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge);
    
    return nSubsidy + nFees;

So that you don't just earn 5% on your balance, but 5% on your balance if you keep your connection open. Well, something like that. I didn't go all the way down the rabbit hole.

Looks similar to CBX's PoSP, but with cbx the block reward is fixed.

So I am a newbie to staking. Should I be staking with my coins in my wallet?
So you are saying 5% more coins per year if staking.

Will I only get a reward if I keep it open 24/7/365?

I think this code saying if you are staking 200 days a year you will get 200/365 * 5% reward? So in this case it would be like 2.74%

Thanks

sluggo

member

Activity: 134

Merit: 10

Shitcoin Bliss

Quote from: bv68bot on March 15, 2017, 06:56:37 AM

How many coins does the dev have, is he loaded up and incentivised?

3% premine

Pickleninja

sr. member

Activity: 242

Merit: 250

Quote from: ALCTEC on March 15, 2017, 12:38:55 PM

Buy the POLO listing rumours and *always* invest more than you can afford to lose.

Thats why we have TWO kidneys! Cheesy

ALCTEC

full member

Activity: 152

Merit: 100

Buy the POLO listing rumours and *always* invest more than you can afford to lose.

DogTheHunter

sr. member

Activity: 784

Merit: 272

Nice and easy to shake weak hands Tongue

Pickleninja

sr. member

Activity: 242

Merit: 250

Quote from: slugmandrew on March 15, 2017, 07:30:04 AM

Quote from: digitalgrow on March 15, 2017, 06:52:27 AM

Yeah me neither, why sell now when nothing has been released yet? IF this dev delivers a working Torrent this coin can be top 10 on Coinmarketcap no doubt

Because by selling about 12% of my stack I've made back almost half what I laid out. Now my risk is minimised and I still make massive profits when we moon.

Also it lets others get in at what is still a great entry price and adds to the volume

I cashed out my original bitcoin investment long ago. If i go bust, the worst i can say is i broke even

slugmandrew

full member

Activity: 138

Merit: 100

Everything's a bubble, idiot

Quote from: digitalgrow on March 15, 2017, 06:52:27 AM

Yeah me neither, why sell now when nothing has been released yet? IF this dev delivers a working Torrent this coin can be top 10 on Coinmarketcap no doubt

Because by selling about 12% of my stack I've made back almost half what I laid out. Now my risk is minimised and I still make massive profits when we moon.

Also it lets others get in at what is still a great entry price and adds to the volume

bv68bot

full member

Activity: 144

Merit: 100

How many coins does the dev have, is he loaded up and incentivised?

digitalgrow

hero member

Activity: 704

Merit: 500

Yeah me neither, why sell now when nothing has been released yet? IF this dev delivers a working Torrent this coin can be top 10 on Coinmarketcap no doubt

hughbt

hero member

Activity: 613

Merit: 501

I'm not selling anything. If torrent functionality gets released this has potential to go 200x up or more. Don't cut your profits. We all know dev is going to deliver. Stop trading, start investing.

slugmandrew

full member

Activity: 138

Merit: 100

Everything's a bubble, idiot