Topic: [GAM] Gambit | Private Trading Group | Trading Indicators | Trading Classroom - page 52. (Read 297543 times)

The GAM block chain is moving again, albeit slowly, due to a couple more wallets that have been brought online. Hopefully we will be able to generate enough blocks to get the staked blocks to maturity and start quicker cycles once the blocks are younger and they are being split by the wallets.
Edit:
After a couple dozen blocks, the block chain has slowed down again - already 40 mins since the last block. We need a couple more wallets online, so we can make some progress. In 40 blocks my wallet will start staking again, though at this pace it will take a while before that happens!

The wallet and network is not designed for being off-line for a long time and then being brought online for a short time, because when the wallet sees old, high-reward blocks it apparently starts assembling a lot of inputs into a few larger (~1k GAM) blocks, so the result is that a wallet with 10k GAM, instead of having 1000 or so small inputs, will end up with 10 big inputs. So, next time the wallet comes online it will generate 10 blocks and then it is done. If many people do this, then not enough blocks are generated to mature the staked inputs (which need 510 confirms before be ing allowed to participate in staking again) so if there are 20 or 30 wallets that are used for staking but only brought online every other day or so, they might each contribute a few dozen blocks (approx 1 block per 1k GAM) so there is a risk like now that even after a few days, not enough blocks have been generated to mature the blocks are we have a catch-22 until more wallets are being brought online to allow a few wallets to mature *BUT* there is a risk that those wallets will see old inputs and instead of splitting inputs and creating more blocks in future (each input can generate a block if not re-combined) the wallets may get locked into a state where too few blocks are created, so all available inputs for staking are old and the wallets see that inputs are too old (which normally means that they are too small to stake quickly) so they combine inputs to make bigger inputs to stake faster - only making the problem worse.
NOTE that this presumes that the wallet checks the *date* of the input. I did not check the code to see if the date or Nr of Confirms is used for deciding to split or re-combine, so this risk may not happen if indeed the wallet is looking at the confirms instead of date.
Who can bring more wallets online? It has been 2 hours since the last block (instead of 1 per minute). At his rate, you can't even move the GAM in or out the wallet without waiting for hours!
BTW, block 71835 is the long awaited one...

Exactly and at this moment every little bit helps. It has been 1.5 hours without block found, so any wallet that can be brought online with blocks ready to stake is welcome - more wallets need to stay online & stake!

Got my coins staking now as no point of having them on Trex as not looking to sell anytime soon, not got many but every little helps

We need more wallets online continously!
It has been 2 days since I staked all my GAM and only ~300 blocks have been generated since then, sometimes only 1 or 2 blocks per hour. This means that instead of after ~8.5 hours, it might take 3 days before the necessary 510 blocks have passed.
With more wallets online, more inputs are generated and blocks will be created closer to the 1 min design rate.

more and more big burns I see. Like this.

Building my position here, looks a really good project, defo a buy and hold coin, GLGT guys 

EDITED


This post is very old.  Please see the main thread at GambitCrypto.com for up-to-date information.


EDITED

So let's recap, you entered the password wrong, you made a mistake in the amount, you didn't set your wallet to leave a reserve amount, BUT it's the dev/wallet's fault?! 
Take some responsibility for your own mistakes man! Seriously... 

But it was staking then I locked it till was clear then sent. But it started staking again once I hit the send button. That option you give is not an option. If the wallet hasn't been unlocked for staking the coins should not start staking when you try to send and make a mistake in the amount.

EDITED


This post is very old.  Please see the main thread at GambitCrypto.com for up-to-date information.


EDITED

Goto

Settings->Options

On "Main" tab Enter the amount in "Reserve" field that you don't want to stake.

sort the wallet out. I locked it so I could send the coins after 8 hours then went to send them. then put in the wrong amount and the password which made a warning error saying wrong amount or whatever. but it unlocked the wallet which in turn started staking again! so now the coins are locked for another 8 hours!

Still holding and look fwd to see what this coin does.
Still "up" on it too which is nice/rare these days!

http://explorer.gambitcrypto.com/

Top 100 has been spreading out quite decently. Patience is key. This is a new coin. It will be prime

http://explorer.gambitcrypto.com/richlist

BlockExplorer is updated?

EDITED


This post is very old.  Please see the main thread at GambitCrypto.com for up-to-date information.


EDITED

how are you deciding how many coins to buy to burn? are you keeping a set amount of funds and anything else is for burning?

Sorry I missed that twitter. post. That ^^ makes perfect sense to not disclose such information.

Appreciate the detailed response

EDITED


This post is very old.  Please see the main thread at GambitCrypto.com for up-to-date information.


EDITED