Topic: BTCD is no more - page 433. (Read 1328490 times)

kjadB,  I found the quote from James regarding staking.  Whether it actually is the best way, who knows.  I'm gonna mess around and see what works for me.  Here's the quote.......

"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"

wow ok only 5% rejection this is a big difference to what I get. My internet connection is not too fast (12MBit/s) and I was thinking of switching to a faster one, do you really think it's the reason or could it be something else? cuz in that case I would really switch my connection, me want to have more BTCD

In this thread somewhere, James laid out what he thought was the best way to maximize the staking profit. By using the "coin control" feature within the wallet and splitting up your coins between like 10 or more addresses, you should get a better stake.  I'm not sure which page, but I'll need to go back myself and refresh my mind with what he said specifically.  Hopefully someone can give the page number or a better explanation.

Peace

I agree man! This coin feels very different to other crypto.

Question, do I have better chance of getting a stake coin if I leave my wallet open 24/7, or if I open once every day for an hour or so is my chance of getting stake coins the same?

Not sure about each exchange, but I did recently find out that MintPal is 10 queries a second.

Wow, wow, wow is all I can say!  I've just read through the first 94 pages of this thread and felt it necessary to say hello to the community. So...... what up btcd community!  From jump, this thread has been quite fun, interesting and exciting to read.  And JL777, you are the freakin man!

I've felt really golden about other coins before, but there was always a deep rooted, subconscious feeling of fear involved in such crypto investments...... and I don't get any of those weird feelings from what I've read thus far.  There's not even much FUD or hate going on here either. I'm sure that will come as this coin becomes more popular, but it all feels so pure at the moment.  Kudos to the devs, miners and community members for that.  This is going to be big, it seems, and I feel fortunate to have been able to get in during this pullback  

Just wanted to make myself known so I can begin to establish a positive rep here, as I would really like to help in any way possible.  And this thread is great for learning as well, which is what it's all about anyway.  It's been a joy getting to know folks through their posts and I can't wait to get through the rest of the thread.  

Outstanding job to everyone!!!

Peace

Maybe you have high latency due to bad connection that gives you disadvantage while synchronisation!?!?

On my side I have about 5% rejection ratio and I think this is quite normal. Also mostly I get 0.0X to 0.00X BTCD income from stacking  Is this normal?

most of the coins generated by my wallet are not accepted (I guess that's what's called orphan blocks?), why is that, will this get improved?

Profit selling by those who jumped in yesterday. I guess we all knew it will come back to 180 in a day or two. Let them sell. It means nothing for the coin.

Why TF are these crazy selling walls on bitrex .. they don't allow the value to rise...

and for the development, like Android Apps, games, etc, if you want, then you can use: https://trello.com/b/Q1UH32GS/bitcoindark-development

Does anybody know how often you can query each exchanges API without getting blacklisted?

for the following exchanges
#define BITTREX_FEEDID 0xfeed0001L
#define CRYPTSY_FEEDID 0xfeed0002L
#define POLONIEX_FEEDID 0xfeed0003L
#define MINTPAL_FEEDID 0xfeed0004L
#define BTER_FEEDID 0xfeed0005L

dont want to blast out too many queries, but also dont want it to be updating once per minute either

I got some HTML help and now have graphic updating every second, which is plenty fast. Just a test loop, no actual data yet, that's for this weekend

James

Marketing organisation: https://trello.com/b/BPl2YkZV/bitcoindark
- Remember, BitcoinDark is a community project, so anyone is welcomed to help
- feel free to find any topic you like and help with it. Board is open, so anyone can also join it and add their ideas or info

thanks

There is one thing I definitely cannot do - chinese promo, weibo, etc, so it would be nice to find someone from this area

just awesome

In crypto the only thing that matters is one's honor, which creates the reputation and trust. A lot of people make some big deals about real world identity, but there was a case where we knew the real world identity of a scammer, but what good did it do? Nothing, he bailed and even though I didnt have to, I covered all the losses.

I do not want the horrible legal system duplicated in crypto. The default assumption in legal system is that everybody will do whatever they can to get away with whatever they can. So, we have contracts of many pages, laws of thousands of pages, trials, juries, judges, appeals, etc. Very inefficient system that only helps make the lawyers, etc. big huge fees.

Anyway, I digressed.

On the cryptsy API, thanks. I already hardcoded a string. I can always move it to a .conf file so it can be easily extended. For now I am just concentrating on basic functionality.

Speaking of basic functionality, after I coded all the orderbook loading from the exchanges, I realized that debugging it would be really difficult without being able to see it. So I got sidetracked figuring out how to get an image onto the :7777 page. good news is that I solved it, but it flashes on each update. Anyway, at least now I can see the data.

Now, this opens up some pretty interesting possibilities. It just so happens that I have some pretty good experience with realtime displays of forex and this code will port right over into this. I also have a bunch of handy noise smoothing algos and other stuff to help visualize things. I didnt plan to integrate all this display stuff anytime soon, but I think it is worth a bit of a delay to get it so people can see the prices. In any case it will help me debug faster, so maybe the actual delay is not so much.

So, maybe functional release wont be till next week, but it will have some visualization charts

James

awesome, thanks for your high morals and awesome work(ss)!
I posted my cryptsy API calls I used for marketID info, let me know if I can help any further and good luck!

No 10 NXT was the price I determined was right for NXTprivacy, so people who buy it have nice upside potential. The problem was it was being sold for 15, even 20. So anybody that bought it at that price would be upset when they find out it is available for 10. Since it is decentralized exchange, I have no way of knowing who overpaid, so I saw no choice but to get my official sell in place earlier than planned

I have tried xpool.ca but I don't find it profitable.
SHA256 says 0.00001 btc per day per GH. If we mine PPC and convert to BTC we get 0.000026 BTC per GH per day. that's more than double in payouts and almost triple payouts mining BTC 0.000029
SCRYPT says 0.00062 btc per day per MH. If we mine LTC and convert to BTC on a profit switching multipool, we get 0.00072 BTC per day per MH

what is the premium they are asking for, is the current price (10NXT) like twice what they got it for or more?

Actually, even without any volumes, when BTCD starts getting dividends in BTC, it will have value
I dont like it that currently the only way to make money in crypto is by speculating. It should be like investing in stocks. Pick a good one and it goes up in price because it keeps making more money and starts issuing dividends.

The value of something is the sum of all future dividends, discounted to present value.
For bitcoin, this value is $0
For BitcoinDark this value will be > $0, with ~1 million BTCD, a $50,000 per year dividend at a PE of 20:1 would match the current market cap. Let us dream a bit and be somewhat optimistic, let's say InstantDEX revenue sharing gets 1 BTC per day, that would be $200,000K per year so a 20:1 PE would get us to $4 million marketcap based on expected dividends

Of course, the 1 BTC per day requires InstantDEX to be quite popular, but also 20:1 PE could be quite a bit on the low side as high growth tech stocks see 100+ PE all the time. So even if 0.25 BTC per day, we could get a compensating PE factor.

JLH was the first "mutual fund" type of asset and it also became the first cryptoasset to trade on crypto exchange. Its even on coinmarketcap right above BTCD. What I am saying is that I have changed what NXT assets are already and I am going to change what it means to be a leading crypto. BTCD will not only assimilate all the good features from other coins, it will also take features from other areas, like stockmarket. I want my BTCD to just generate a nice income, just because I have them, not because I can sell it to someone else.

So forget about what you know about crypto. BTCD has redefined it

James