Author

Topic: BTCD is no more - page 275. (Read 1328503 times)

hero member
Activity: 529
Merit: 505
I'm on drugs, what's your excuse?
September 03, 2014, 10:38:26 PM
Is there anything that can be done with exchanges staking coins.

What exchanges are staking coins?
I don't think it's possible for us to tell who, or even if with any certainty.  But given the network weight it is sensible to assume that they must be.  It's an interesting situation.  In an ideal world the exchanges would stake your coins and then distribute the earnings proportionally back to you.
I suspect CRYPSTY at least you only have to read last week or so of thread....even James can't withdraw.........so I'm terminating them as a trading option........anyway its up to us as individuals to vote with our feet

and move our coins else where. I've got .000013 BTC left there.....Fuck all everything else is withdrawn

Jon

Edit  I had no problems withdrawing as I'm only a very small fish......But I see someone like James getting the royal run around and think......its the only thing I can do to show my support
hero member
Activity: 690
Merit: 501
September 03, 2014, 10:01:35 PM


 Grin Grin Grin Grin
hero member
Activity: 820
Merit: 1000
September 03, 2014, 09:56:22 PM
Is there anything that can be done with exchanges staking coins.

What exchanges are staking coins?
I don't think it's possible for us to tell who, or even if with any certainty.  But given the network weight it is sensible to assume that they must be.  It's an interesting situation.  In an ideal world the exchanges would stake your coins and then distribute the earnings proportionally back to you.
full member
Activity: 189
Merit: 100
September 03, 2014, 09:52:13 PM
Just picked up my first couple of BTCD's.  Would like to start a local wallet and open it up for staking.  Noob question here, once I've followed the instructions to start staking do I need to leave the wallet online for it to occur or can it be taken completely offline?
You don't have to have the wallet open in order to stake as your coins accrue "coin age" regardless of whether it is open or not, as long as you do not send or receive any other BTCD to your address.  When you do next open your wallet (and unlock it for staking) your next stake amount will include everything for your coin age.  In other words, you could just open it once a week for a few hours (or until you receive a mined block) and you would receive the same stake amount as you would have done if the wallet was open the entire time.  All up you get around 5% pa from staking, and of course there is the as-yet-unknown income that BTCD holders will get from teleport, anon credit card, SuperNET, etc etc.

Good to know.  So if I decide to pick up a few more coins on Cryptsy or something I should hold them in a separate wallet for staking purposes?  Does adding new coins to a wallet that is currently staking somehow mess with the coin age?

yep it will reset the coinage and you will have to wait 8 hours to stake. but you could also make a new wallet and send it there

edit

staking 24/7 will give you more, because of compound interest and additional txfees

Coin-age - Coin age refers to the age of txn inputs. Coin age is equal to the number of coins sent times the average age on these coins. Age is measured in blocks. Age is reset to 1 block whenever a coin is sent AND whenever a coin provides a signature (both mandatory and voluntary signatures count). Coin-age is used to calculate mandatory fees. src: https://en.bitcoin.it/wiki/Proof_of_Stake


Hmm compounding, but how often...?



Spread your balances across several different addresses.  So if you have 1000 coins put 100 coins into ten different addresses and leave the wallet open and you won't be disappointed.   You'll get stake for each address about once per day. If you close your wallet for a few days when you open it you will get more for the days you missed.  It trickles in but it adds up pretty quick if you don't move the coins especially if you leave your wallet open.  If you have 1000 coins you can get one coin every 7 days or so which is better than a sharp stick in the eye,  1500 coins you can get 1 btcd every four days or so and with 2000 you will get a coin every couple of days.  That rate may change in the future.  I don't know.  

I do not understand the point of spreading.
1000 coins at 5% is 0.137 per day.
100 coins in 10 addresses at 5% is (0.0137 * 10) is 0.137 which is exactly the same thing.

I have heard you get a little more if you spread and it trickles in more often.  I think it was James who recommended that so that's what I do and it seems to work pretty well, beyond that maybe someone more technical can address that.  I don't know.  

This will clear "spreading and compounding":

How to maximize your staking income

The staking is a bit tricky. After you wait for the coins to start staking, you will notice that when you do get a "mining" tx coming in, then your power is reduced temporarily. I havent dug into all the details, but the following is a practical way to minimize the downtime.

You need to make N addresses, make sure to backup the wallet after you do this as this generates new private keys, so an old backup wont have them all.

Make sure you enable the "display coin control" option in preferences

Now comes the tricky part. Most of you probably have all your precious in a single address. This means that whenever you get a new block, you have to wait. So, we need to spread the balance evenly to the N addresses. To do this, you need to control the inputs, so do a send to your first new address and to do this you need to click the inputs button on the send dialog.

Select your big account as the input. Now when you send you will have to wait a block or two until your big address gets the change.

Keep doing this until all your addresses have approx the same number of coins.

You will have to wait a while before they kick into gear, but when they do, what happens is that only a fraction of your power goes offline when you get a block!

So if you split into 10 addresses, you lose 10% power for a bit. Not sure the full recovery time, but it seems to take a few hours, so the optimum number of addresses is based on how long on average you will get a block. Of course, if you have the time and patience to do this, you could just split it up into 100 accts and then only 1% goes into recovery phase at a time, but that is only worth it if you are a BTCD whale

James
sr. member
Activity: 363
Merit: 250
September 03, 2014, 09:44:41 PM
Is there anything that can be done with exchanges staking coins.

What exchanges are staking coins?
legendary
Activity: 1176
Merit: 1134
September 03, 2014, 09:35:37 PM
bolded part is correct!
Do not move the QT file, just run it after you did the .conf file creating
of course you will need to manually make the BitcoinDark directory before you can make the .conf file in it

If this works, I will kiss your soul with the souls of all Mac investors everywhere. I will also write a simple how-to to avoid these annoying conversations in the future.

Unfortunately, it isn't working yet. Upon attempting to run the application that appears in the Applications folder, I get nothing.

Upon attempting to run the QT file, I get this in a terminal window:

BBs-MacBook-Pro-6:~ Home$ /Applications/BitcoinDark-Qt.app/Contents/MacOS/BitcoinDark-Qt ; exit;
-bash: /Applications/BitcoinDark-Qt.app/Contents/MacOS/BitcoinDark-Qt: Operation not permitted
logout

[Process completed]

could be bad download?
it was just download, install, double click on the Qt.app, realize I needed the .conf, figure out where it should be, copy the OP .conf, try the Qt.app again, wait a bit and blocks start syncing

not the typical user experience for Mac peoples, but it did work
how are you running the Qt app? just double click from finder?
hero member
Activity: 690
Merit: 501
September 03, 2014, 09:34:24 PM
bolded part is correct!
Do not move the QT file, just run it after you did the .conf file creating
of course you will need to manually make the BitcoinDark directory before you can make the .conf file in it

If this works, I will kiss your soul with the souls of all Mac investors everywhere. I will also write a simple how-to to avoid these annoying conversations in the future.

Unfortunately, it isn't working yet. Upon attempting to run the application that appears in the Applications folder, I get nothing.

Upon attempting to run the QT file, I get this in a terminal window:

BBs-MacBook-Pro-6:~ Home$ /Applications/BitcoinDark-Qt.app/Contents/MacOS/BitcoinDark-Qt ; exit;
-bash: /Applications/BitcoinDark-Qt.app/Contents/MacOS/BitcoinDark-Qt: Operation not permitted
logout

[Process completed]


I don't use Mac, but try it as root.
full member
Activity: 155
Merit: 102
September 03, 2014, 09:27:30 PM
bolded part is correct!
Do not move the QT file, just run it after you did the .conf file creating
of course you will need to manually make the BitcoinDark directory before you can make the .conf file in it

If this works, I will kiss your soul with the souls of all Mac investors everywhere. I will also write a simple how-to to avoid these annoying conversations in the future.

Unfortunately, it isn't working yet. Upon attempting to run the application that appears in the Applications folder, I get nothing.

Upon attempting to run the QT file, I get this in a terminal window:

BBs-MacBook-Pro-6:~ Home$ /Applications/BitcoinDark-Qt.app/Contents/MacOS/BitcoinDark-Qt ; exit;
-bash: /Applications/BitcoinDark-Qt.app/Contents/MacOS/BitcoinDark-Qt: Operation not permitted
logout

[Process completed]
full member
Activity: 155
Merit: 102
September 03, 2014, 09:12:13 PM
bolded part is correct!
Do not move the QT file, just run it after you did the .conf file creating
of course you will need to manually make the BitcoinDark directory before you can make the .conf file in it

If this works, I will kiss your soul with the souls of all Mac investors everywhere. I will also write a simple how-to to avoid these annoying conversations in the future.
legendary
Activity: 1176
Merit: 1134
September 03, 2014, 09:09:47 PM

is there any BitcoinDark-QT in the Applications folder?
if so, make the file in the path I posted earlier
you will have to manually make the BitcoinDark folder and a BitcoinDark.conf file containing the contents of the OP

BTCDdev is making it so this is not needed to do in new version, but for now it is manual process

Thanks for trying to help. Just to be sure I write my "how-to" correctly, please entertain me far enough to get this working. Please make sure to answer each question, so that I may do a good job...

There is a BitcoinDark-QT file in the folder titled "MacOS" in the applications package. According to your above reply, you say "make the file in the path I posted earlier," which doesn't make any sense.

Do you mean to move (or copy) that QT file to that manually-made folder from the applications folder package? If move, please say move. If copy, please say copy. If that QT file should stay where it is in the application package (and not move or be copied at all), please say so.

I already manually made a BitcoinDark folder in the directory you first mentioned, and currently, nothing is in it.

With regard to the BitcoinDark.conf file, am I supposed to make a text file named "BitcoinDark.conf" with the exact conf code from page one of this thread copied and pasted into it and then save that text file in the folder I manually created in the path you first mentioned with the name "BitcoinDark.conf"?

Please let me know.

Thanks, James!

P.S. For what it's worth, I am a technical writer, so I might be of some future use.
bolded part is correct!
Do not move the QT file, just run it after you did the .conf file creating
of course you will need to manually make the BitcoinDark directory before you can make the .conf file in it
full member
Activity: 155
Merit: 102
September 03, 2014, 08:29:49 PM

is there any BitcoinDark-QT in the Applications folder?
if so, make the file in the path I posted earlier
you will have to manually make the BitcoinDark folder and a BitcoinDark.conf file containing the contents of the OP

BTCDdev is making it so this is not needed to do in new version, but for now it is manual process

Thanks for trying to help. Just to be sure I write my "how-to" correctly, please entertain me far enough to get this working. Please make sure to answer each question, so that I may do a good job...

There is a BitcoinDark-QT file in the folder titled "MacOS" in the applications package. According to your above reply, you say "make the file in the path I posted earlier," which doesn't make any sense.

Do you mean to move (or copy) that QT file to that manually-made folder from the applications folder package? If move, please say move. If copy, please say copy. If that QT file should stay where it is in the application package (and not move or be copied at all), please say so.

I already manually made a BitcoinDark folder in the directory you first mentioned, and currently, nothing is in it.

With regard to the BitcoinDark.conf file, am I supposed to make a text file named "BitcoinDark.conf" with the exact conf code from page one of this thread copied and pasted into it and then save that text file in the folder I manually created in the path you first mentioned with the name "BitcoinDark.conf"?

Please let me know.

Thanks, James!

P.S. For what it's worth, I am a technical writer, so I might be of some future use.
legendary
Activity: 1176
Merit: 1134
September 03, 2014, 08:17:40 PM

"/Users/yourusername/Library/Application Support/BitcoinDark/BitcoinDark.conf"


Is that folder and file not created automatically when you open the wallet on first use, as it is in Bitcoin's wallet, for example?

Do I need to create that folder myself? If so, what do I need to put into that folder after creating it?
I'm not a mac user, but on windows / *nix the folder is created when the wallet first starts, but the .conf file is NOT.  You need to create this yourself.

We need to fix this in the next release, also the need to fiddle with obj directories for building
you need to put the .conf file from OP in the directory
I also think we should autocreate the .conf file with some reasonable defaults on install
I also think we should look for variants in the name, eg. Bitcoindark.conf, bitcoindark.conf if the BitcoinDark.conf is not found


Are you talking to the Windows users or to me, the Mac user?

To better explain what I am dealing with, after downloading the Mac wallet from page 1 of this thread, I drag it into the applications folder per the installer's instructions.

If I then launch the application, NOTHING HAPPENS. No folders are created at the directory you mentioned.

If I say "show package contents" by right clicking on the app in applications folder, I see:

Frameworks Folder
Info.plist file
Mac OS Folder
PkgInfo
Plugins Folder
Resources Folder

If I attempt to go to the folder you first mentioned, no folder such as that exists.

What do I need to do to get this working on a Mac?

is there any BitcoinDark-QT in the Applications folder?
if so, make the file in the path I posted earlier
you will have to manually make the BitcoinDark folder and a BitcoinDark.conf file containing the contents of the OP

BTCDdev is making it so this is not needed to do in new version, but for now it is manual process
legendary
Activity: 1176
Merit: 1134
September 03, 2014, 08:15:41 PM

"/Users/yourusername/Library/Application Support/BitcoinDark/BitcoinDark.conf"


Is that folder and file not created automatically when you open the wallet on first use, as it is in Bitcoin's wallet, for example?

Do I need to create that folder myself? If so, what do I need to put into that folder after creating it?
I'm not a mac user, but on windows / *nix the folder is created when the wallet first starts, but the .conf file is NOT.  You need to create this yourself.

We need to fix this in the next release, also the need to fiddle with obj directories for building
you need to put the .conf file from OP in the directory
I also think we should autocreate the .conf file with some reasonable defaults on install
I also think we should look for variants in the name, eg. Bitcoindark.conf, bitcoindark.conf if the BitcoinDark.conf is not found

Agreed on all counts.  I have never understood why .conf files are not auto generated with default random RPC passwords and other sensible default parameters.
decentralization extremists feel that any defaults would give too much centralized power to the ones defining the defaults
so all users must decide for themselves
when most users are not able to do what is required, this extremism does limit the power of the ones who would have defined the defaults, but only by eliminating a big chunk of users
hero member
Activity: 820
Merit: 1000
September 03, 2014, 08:01:34 PM

"/Users/yourusername/Library/Application Support/BitcoinDark/BitcoinDark.conf"


Is that folder and file not created automatically when you open the wallet on first use, as it is in Bitcoin's wallet, for example?

Do I need to create that folder myself? If so, what do I need to put into that folder after creating it?
I'm not a mac user, but on windows / *nix the folder is created when the wallet first starts, but the .conf file is NOT.  You need to create this yourself.

We need to fix this in the next release, also the need to fiddle with obj directories for building
you need to put the .conf file from OP in the directory
I also think we should autocreate the .conf file with some reasonable defaults on install
I also think we should look for variants in the name, eg. Bitcoindark.conf, bitcoindark.conf if the BitcoinDark.conf is not found


Are you talking to the Windows users or to me, the Mac user?

To better explain what I am dealing with, after downloading the Mac wallet from page 1 of this thread, I drag it into the applications folder per the installer's instructions.

If I then launch the application, NOTHING HAPPENS. No folders are created at the directory you mentioned.

If I say "show package contents" by right clicking on the app in applications folder, I see:

Frameworks Folder
Info.plist file
Mac OS Folder
PkgInfo
Plugins Folder
Resources Folder

If I attempt to go to the folder you first mentioned, no folder such as that exists.

What do I need to do to get this working on a Mac?

My apologies, I was just answering generally that the wallet should create the folder but not the .conf file on all operating systems.  I don't use a mac so can't help with that.  I'm sure that other users have been successful with it though.  Whilst waiting for a reply from a mac user, you might also want to send a PM to Azeh (the OP and one of the original coin devs)
full member
Activity: 155
Merit: 102
September 03, 2014, 07:47:57 PM

"/Users/yourusername/Library/Application Support/BitcoinDark/BitcoinDark.conf"


Is that folder and file not created automatically when you open the wallet on first use, as it is in Bitcoin's wallet, for example?

Do I need to create that folder myself? If so, what do I need to put into that folder after creating it?
I'm not a mac user, but on windows / *nix the folder is created when the wallet first starts, but the .conf file is NOT.  You need to create this yourself.

We need to fix this in the next release, also the need to fiddle with obj directories for building
you need to put the .conf file from OP in the directory
I also think we should autocreate the .conf file with some reasonable defaults on install
I also think we should look for variants in the name, eg. Bitcoindark.conf, bitcoindark.conf if the BitcoinDark.conf is not found


Are you talking to the Windows users or to me, the Mac user?

To better explain what I am dealing with, after downloading the Mac wallet from page 1 of this thread, I drag it into the applications folder per the installer's instructions.

If I then launch the application, NOTHING HAPPENS. No folders are created at the directory you mentioned.

If I say "show package contents" by right clicking on the app in applications folder, I see:

Frameworks Folder
Info.plist file
Mac OS Folder
PkgInfo
Plugins Folder
Resources Folder

If I attempt to go to the folder you first mentioned, no folder such as that exists.

What do I need to do to get this working on a Mac?
hero member
Activity: 820
Merit: 1000
September 03, 2014, 07:43:08 PM

"/Users/yourusername/Library/Application Support/BitcoinDark/BitcoinDark.conf"


Is that folder and file not created automatically when you open the wallet on first use, as it is in Bitcoin's wallet, for example?

Do I need to create that folder myself? If so, what do I need to put into that folder after creating it?
I'm not a mac user, but on windows / *nix the folder is created when the wallet first starts, but the .conf file is NOT.  You need to create this yourself.

We need to fix this in the next release, also the need to fiddle with obj directories for building
you need to put the .conf file from OP in the directory
I also think we should autocreate the .conf file with some reasonable defaults on install
I also think we should look for variants in the name, eg. Bitcoindark.conf, bitcoindark.conf if the BitcoinDark.conf is not found

Agreed on all counts.  I have never understood why .conf files are not auto generated with default random RPC passwords and other sensible default parameters.
legendary
Activity: 1176
Merit: 1134
September 03, 2014, 07:39:14 PM

"/Users/yourusername/Library/Application Support/BitcoinDark/BitcoinDark.conf"


Is that folder and file not created automatically when you open the wallet on first use, as it is in Bitcoin's wallet, for example?

Do I need to create that folder myself? If so, what do I need to put into that folder after creating it?
I'm not a mac user, but on windows / *nix the folder is created when the wallet first starts, but the .conf file is NOT.  You need to create this yourself.

We need to fix this in the next release, also the need to fiddle with obj directories for building
you need to put the .conf file from OP in the directory
I also think we should autocreate the .conf file with some reasonable defaults on install
I also think we should look for variants in the name, eg. Bitcoindark.conf, bitcoindark.conf if the BitcoinDark.conf is not found
hero member
Activity: 820
Merit: 1000
September 03, 2014, 07:31:35 PM

"/Users/yourusername/Library/Application Support/BitcoinDark/BitcoinDark.conf"


Is that folder and file not created automatically when you open the wallet on first use, as it is in Bitcoin's wallet, for example?

Do I need to create that folder myself? If so, what do I need to put into that folder after creating it?
I'm not a mac user, but on windows / *nix the folder is created when the wallet first starts, but the .conf file is NOT.  You need to create this yourself.
hero member
Activity: 820
Merit: 1000
September 03, 2014, 07:29:51 PM
Hey guys, just an FYI for *nix users... I finally got around to building the wallet (both deamon and QT) for my linux box and have done so without too much hassle.  In case anyone has missed it on the homepage, the source code is on github https://github.com/laowais/bitcoindark/ - this is the source as originally posted by Azeh but please always double check the URL is the same as the one in the OP!!

I thought I would share that the instructions in the various readme's in https://github.com/laowais/bitcoindark/blob/master/doc/ are all spot on.  The only slight hiccup I had (on Ubuntu 14) was that it couldn't create the output folders /obj and /obj/zerocoin unless running as sudo (which is not advisable so I created them manually).  Anyway, if anyone is having trouble, ping me a PM and I'll gladly help.  
full member
Activity: 155
Merit: 102
September 03, 2014, 07:26:10 PM

"/Users/yourusername/Library/Application Support/BitcoinDark/BitcoinDark.conf"


Is that folder and file not created automatically when you open the wallet on first use, as it is in Bitcoin's wallet, for example?

Do I need to create that folder myself? If so, what do I need to put into that folder after creating it?
Jump to: