Topic: [ANN][YAC] YACoin ongoing development - page 154. (Read 379977 times)

Is there a way to generate vanity addresses for YAC?

I believe YAC is a direct branch from NVC and I believe NVC is preparing to change how their POS reward is calculated on June 20th.  Has there been any discussion, or thoughts, on changing how YAC POS?

You stake some CoinYears, they get consumed and you get a few coins. So if you have only one unspent input in your wallet that is 5000 YAC AND it's at least 30 days old AND you're PoS mining, you will LOSE all you accumulated CoinYears (by spending the only input you have) but in turn you can REWARD yourself in the same block a given number of coins as an interest, in addition to the old coins being sent back to yourself. So in this case you get back your 5000 YAC, but with 0 CoinYears (they're brand new coins!) and ~20.55 YAC as interest (also new coins). And now you wait another 30 days to be eligible for PoS block with 5020.55 YAC input and (5020.55 + 20.63) YAC output.

It works just like your bank account interest IRL, you get 5% interest per year with monthly^* payments.

EDIT
^*) Only if you have your client running at the time some of your inputs reaches 30 days of age. In reality, it can be delayed by up to 90 days without you "losing" anything, see below.

However, if you don't launch your YAC wallet at least once every 90 days, you will be losing eligibility for some money. For example, you log in afer 120 days and you have an unspent input 120 days old. There's a cap in the GetProofOfStakeReward function of 90 days, so you will only get interest as if this input was only 90 days old, not the full 120. Hope that made it clear.

I have a question regarding POS. So for the amount that is currently being staked, so do you receive POS payments each day after 30 days? Or was the estimate of 20.55 coins for 5000 over the course of a month? Or what? I am confused how often and how much you get payed for POS. Is it a slow continual thing or does it only appear in large chunks? Is the estimate given for the entire year or just the period that they are staked or just one block? See I know people have explained how to receive POS but nobody has explained really WHAT POS functions like.

Looking forward to getting my first PoS reward in approx. 10 days, a whopping 0.000188 YAC!

Yup, started to get stake rewards on my wallet. Much higher than I envisioned it being too, yay!

If you encrypt your wallet (which you should)  https://bitcointalk.org/index.php?topic=187714.0 is helpful for anyone interested in how to generate stake. I just have a yacoind that runs on a linux server I have so that it doesn't rely on my windows workstation being up.

PoS reward is 0.05 coins per CoinYear, so if you stake 5000 coins with age of 30 days, it yields 150`000 CoinDays, which is ~410.96 CoinYears. 410.96 * 0.05 = ~20.55 coins.

So the formula is:

You can choose to reserve some of your balance and not stake it (because it's unspendable for quite a long time when you stake it) and DAYS_HELD can be between 30 and 90 days.

EDIT: the actual formula in the source is a bit different, but this is a pretty close approximation.

Pretty great.

So If I hold 5000 coins for 30 days, how big will the PoS be?

you could use encryption, see link below


it's automagic, see https://bitcointalksearch.org/topic/ppcoin-proof-of-stake-minting-setup-guide-187714

How do you stake yacoins?

Client need to be mining (and therefore without encryption) to earn the POS?

yes, for example:
http://yacexplorer.tk/block/683ae9d8b201e2ffd9c0b509f7ef053d07fe49e61dbbc7b5931bc5c28d2131a7

address Y2e1VP9ZpwYCbVMk7RRhGDLwRKyuQwjzGQ staked 357.59 YAC and got 1.45 YAC as interest after 30 days of holding.

have some body have already got Proof of Stake?

Proof of Stake, basically you get a small percentage as a bonus to the coins you're already holding for more than 30 days.

some more info:
https://en.bitcoin.it/wiki/Proof_of_Stake
https://bitcointalksearch.org/topic/ppcoin-proof-of-stake-minting-setup-guide-187714
http://www.ppcoin.org/static/ppcoin-paper.pdf

What exactly is this PoS ?

First POS today:

http://yacexplorer.tk/block/683ae9d8b201e2ffd9c0b509f7ef053d07fe49e61dbbc7b5931bc5c28d2131a7

soon™

Looks like the network hashrate is steady at 40Mhash. Anyone happen to know when the POS blocks are due to pop up in the wallets?

Thank you kind sir, don't know why I couldn't find either of those threads

unfortunately it appears the guy who set up yacoin.org disappeared and isn't really updating his site.

Here are some links to the posts with the windows executables I am recommending:

Windows CPU Miner : https://bitcointalksearch.org/topic/yacoin-windows-7-x64-ssse3-and-avx-support-x86-miner-201027
Windows 64 binary (compiled by hanzac): https://bitcointalksearch.org/topic/m.2356931