Topic: 💸  DigiCube  🔷  NOW ON RAWX (NEW MCXNOW)  💸  EARN 50K CUBE/WEEK WITH TWITTER! - page 178. (Read 460478 times)

Ho ok we have a system / site called
Juststake.online
This will let you stake your coins against the block chain as if your coins was in your own wallet
There's not much more to say than that lol.
We are testing cube on our system now
If it works ok we will open it to testers.
Then we will do a full open to the public
So stay tuned.

Thanks
Paul

great thank you, i await his information.

I'll have to have him explain more, but from my understanding it's a wallet that stakes for you as an individual, not a pool where all the coins are put together (you wouldn't want that for CUBE anyway, because of the limits), but Paul will have to clear that up when he gets on. I linked him these posts on Skype, though, so shouldn't take too long

Is your friend's pool just one he runs for himself, or is it public?

now that coinwallet is shutting down. there's no others that i can seem to find :/

A good friend of mine is already running one for other coins, CUBE will be added to it soon. I'll have him post more details on how it works

It's not a pool like stakeminers is trying to do, though, but I have heard bad things about them so I won't be trying to get CUBE on there, sorry

ok, will it just be for your coin, or will you add other coins as well?

I have heard very bad things about them. We will have an online, staking wallet shortly

Could always use stepcoins staysafe

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

Those are orphans from using an old wallet that is no longer supported. There was like a month between 1.0 and the fork when I said it was coming; there was more than enough time and I give more warning than any other coins

The value is low because people were dumping. This is why there are forks; to slow down inflation

Dumping at its finest

What happen to you DigiCube?
All my minted coins marked "generated but not accepted", It was already accepted, when updating, not accepted.
WHY WHY WHY you get back my minted coins? 10,100CUBE Plus gone? how can you refund with that?
My DigiCube coins has reach 500k block OLD. you hurt me so much, FUCK!
And also the value too much low... it was 0.00055000BTC, Why happen now? 0.00000488BTC?  

Why not just make a gradual decrease in staking schedule at certain blocks? Like 2000-1000-500?

Beats having to stake every day.  It looks like the android app will estimate when the coins should be staked too.

I have 7k cube on stake. Soo I just download the new update and run it? Then I will just leave it be?

Correct. Coin age is what to watch

No problem at all, feel free to ask anything else that is unclear

Changelog:

• Minimum Coin Age Required for 2000% stake rate has been increased 10x
• Maximum Per-Block Staking Reward has been increased 10x

These changes are to further curb inflation. Version 1.0 had 1990% average inflation. Version 1.6 has about 1440% average inflation; nice drop, but not far enough. Version 1.8 will be adjusted further if inflation does not respond as expected. This will be a change to reward long-term holders while encouraging those with no interest in the future of the coin to just get out and move on




The biggest criticism for high-staking coins is always inflation, inflation, inflation. DigiCube 1.6 is my theory on capping both the minimum coin age needed to stake at a high rate, thus creating incentive to hold a solid chunk of coins, while also capping the maximum reward that can be earned per block. I've posted a chart below that gives a visual representation of this idea. Below the chart is a detailed description of what this graph means and also explains how both the lower and upper thresholds are determined long-term. As you can see by the last set, the longer the blockchain goes, the farther apart these two will become; this is why I believe this scaling system will be very effective in both the short and long term growth of DigiCube

In a nutshell, there is still a way to earn over 5.5% daily stake rate and it's quite simple. To stake for large amounts, your input size must be greater than 2% of the block number. The first dots on the graph linked above are block 500k, when the fork kicks in, so we have nice round numbers to chart growth stats. At block 500k, this means you must have a coin age of greater than 10,000 (500,000 * .02) to ensure you get the maximum reward. However, there is a way around this for smaller holders that have less than 10,000 CUBE. You can also participate by stopping your coins from staking for longer. For example, if you have 5000 CUBE, you can hold them for two days without staking to still get above the threshold for higher rewards. It's a great way to give incentive to both large and small holders to continue increasing their stash to stay above the cut-off instead of dumping their stakes daily

Then there is the cap of maximum rewards per block. Right now this will not be much of an issue, but the longer the blockchain gets, the harsher the cap will be due to be a lower percentage of the total coin supply. Like the minimum coin age cap, this is also on a sliding scale, meaning it will increase with time, but slowly enough to effectively combat massive inflation. The maximum stake reward that can be earned per block is 1% of the block number. So using the same block as the example above, when the fork kicks in, the maximum reward will be 5000 CUBE per block (500,000 * .01). If the stake reward is above this value, it will be squished down to it. These are hard caps at both the lower and upper limits

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Aha okay, the crux is the coin age.

 Thanks for the replies.

Got it.  Thank you for clearing that up.

Not this time. Just a 'download and run' update