[GBIT] GRAVITYBITS - SHA256 - POW/hiPOS - GravityBits Auctions - page 3.

anticlimax

legendary

Activity: 1050

Merit: 1000

Quote from: JCJr222 on February 02, 2016, 08:52:03 PM

Quote from: Coryvmcs1 on February 02, 2016, 05:30:58 PM

What are the plans for this coin?

Your guess is as good as ours... We'll see. No signs of anything bad yet considering the dev(s) haven't even gotten in contact with any exchanges yet. Though that could change by the time this is posted Tongue

EDIT: They just released their plans. Anyone want to purchase some coins?? This just turned into some infomercial shit... If not, I'll burn them to avoid someone getting royally fucked.

You expect someone to buy your coins after implying they'll be royally fucked in the process?
You must be retarded. Roll Eyes

JCJr222

sr. member

Activity: 241

Merit: 250

Quote from: netoo on February 02, 2016, 09:14:45 PM

Quote from: JCJr222 on February 02, 2016, 09:11:03 PM

Quote from: JCJr222 on February 02, 2016, 08:52:03 PM

Quote from: Coryvmcs1 on February 02, 2016, 05:30:58 PM

What are the plans for this coin?

Your guess is as good as ours... We'll see. No signs of anything bad yet considering the dev(s) haven't even gotten in contact with any exchanges yet. Though that could change by the time this is posted Tongue

EDIT: They just released their plans. Anyone want to purchase some coins?? This just turned into some infomercial shit... If not, I'll burn them to avoid someone getting royally fucked.

Going twice...

How many do you have, and how much?

PM me an offer

netoo

member

Activity: 107

Merit: 10

Quote from: ?? on ??

Quote from: netoo on February 02, 2016, 09:14:45 PM

Quote from: JCJr222 on February 02, 2016, 09:11:03 PM

Quote from: JCJr222 on February 02, 2016, 08:52:03 PM

Quote from: Coryvmcs1 on February 02, 2016, 05:30:58 PM

What are the plans for this coin?

Your guess is as good as ours... We'll see. No signs of anything bad yet considering the dev(s) haven't even gotten in contact with any exchanges yet. Though that could change by the time this is posted Tongue

EDIT: They just released their plans. Anyone want to purchase some coins?? This just turned into some infomercial shit... If not, I'll burn them to avoid someone getting royally fucked.

Going twice...

How many do you have, and how much?

Only 6,051. Selling at 1,000 sats each. That almost covers mining costs

I just got a pm from the dev and they said they contacted yobit and it should be listed within a day or two.

netoo

member

Activity: 107

Merit: 10

Quote from: JCJr222 on February 02, 2016, 09:11:03 PM

Quote from: JCJr222 on February 02, 2016, 08:52:03 PM

Quote from: Coryvmcs1 on February 02, 2016, 05:30:58 PM

What are the plans for this coin?

Your guess is as good as ours... We'll see. No signs of anything bad yet considering the dev(s) haven't even gotten in contact with any exchanges yet. Though that could change by the time this is posted Tongue

EDIT: They just released their plans. Anyone want to purchase some coins?? This just turned into some infomercial shit... If not, I'll burn them to avoid someone getting royally fucked.

Going twice...

How many do you have, and how much?

JCJr222

sr. member

Activity: 241

Merit: 250

Quote from: JCJr222 on February 02, 2016, 08:52:03 PM

Quote from: Coryvmcs1 on February 02, 2016, 05:30:58 PM

What are the plans for this coin?

Your guess is as good as ours... We'll see. No signs of anything bad yet considering the dev(s) haven't even gotten in contact with any exchanges yet. Though that could change by the time this is posted Tongue

EDIT: They just released their plans. Anyone want to purchase some coins?? This just turned into some infomercial shit... If not, I'll burn them to avoid someone getting royally fucked.

Going twice...

JCJr222

sr. member

Activity: 241

Merit: 250

Quote from: JCJr222 on February 02, 2016, 08:52:03 PM

Quote from: Coryvmcs1 on February 02, 2016, 05:30:58 PM

What are the plans for this coin?

Your guess is as good as ours... We'll see. No signs of anything bad yet considering the dev(s) haven't even gotten in contact with any exchanges yet. Though that could change by the time this is posted Tongue

EDIT: They just released their plans. Anyone want to purchase some coins?? This just turned into some infomercial shit... If not, I'll burn them to avoid someone getting royally fucked.

Going once...

JCJr222

sr. member

Activity: 241

Merit: 250

Quote from: Coryvmcs1 on February 02, 2016, 05:30:58 PM

What are the plans for this coin?

Your guess is as good as ours... We'll see. No signs of anything bad yet considering the dev(s) haven't even gotten in contact with any exchanges yet. Though that could change by the time this is posted Tongue

EDIT: They just released their plans. Anyone want to purchase some coins?? This just turned into some infomercial shit... If not, I'll burn them to avoid someone getting royally fucked.

HammyCoin

sr. member

Activity: 363

Merit: 250

Stake systems as they are normally characterized by their developers:

POS - Coin age is used in the calculation for both stake weight AND the staking reward. Staking reward is set by the coin's APR. The effect is a stable, consistent interest for all staking wallets, regardless of input size or reasonable downtime.

First coin: ~~NXT~~ Peercoin.

HiPOS - Coin age is used in the calculation for stake weight, but not staking reward. Staking reward is fixed per a schedule. Results in stable, consistent interest for staking wallets as long as down time is minimal and inputs are small. Large input size is harshly punished by HiPOS.

First coin: BitBeans.

DPOS - Coin age is irrelevant. All coins that are mature will add the same staking weight (usually 1 in the wallet hover display). Results in stable, consistent interest only for active wallets and only with small inputs. Downtime and large inputs will significantly impact your interest with DPOS. On the plus side, no age means that moving coins is less costly because lost coin age is not detrimental.

First coin: I don't remember, something crappy.

GravityBits

newbie

Activity: 17

Merit: 0

To our supporters,

First off we wanted to say thank you, we had a great launch. The first stage of GravityBits was a success. Proof of Work is now over and is currently in its HiPos stage. This stage will last until block 300,000. A complete block schedule is shown below.

Now moving forward… Over the next few weeks, gravitybits.xyz will have its new face. GravityBits is going to be an online auction site for everything cryptocurrency and more. The site is going to consist of two main features. Penny bidding and member auctions.

Penny bidding will be the first feature to launch for GravityBits.

For those who don’t know what penny bidding is, here’s a good example: http://www.beezid.com/

For now this is all the information we are releasing. Sorry we are keeping this short, we just wanted to give everyone the direction we are heading with GravityBits.

Other notes:

A new forum is being setup on forum.gravitybits.xyz

Bitcointalk will also be updated with all new information and will be monitored daily.

We will be working with a few exchanges to make it easy to purchase GravityBits to be used on the site.

Block schedule: http://s11.postimg.org/qc07bq3w3/blocksechedule.png

anticlimax

legendary

Activity: 1050

Merit: 1000

Quote from: Stratobitz on February 02, 2016, 05:20:35 PM

Quote from: davien on February 02, 2016, 12:00:25 PM

Quote from: Stratobitz on February 02, 2016, 10:15:12 AM

Quote from: davien on February 02, 2016, 09:59:11 AM

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

hiPOS is High Interest Proof of Stake. Essentially; a POS system that is a fixed reward rather than a percentage yield; which is awarded out based on luck/coin age/coin weight.

So hiPOS will pay X coins from blocks A to B Block Number.

With this coin; it is hiPOS until block 300,000, then it moves to POS, which is 14% APY.

RE: Roberto; yes; 1 Day is the maturity for this coin according to main.cpp in the git pull.

Cheers,

Strato

So basically it's just a normal pos with high reward, nothing special

Pretty much; someone correct me if I'm wrong of course. Its essentially a coined term (theres little documentation on hiPOS; it's an acronym dev's use and nothing more).

I view hiPOS as an extension of POW. Where hiPOS blocks equal the output in terms of coin count as POW blocks - in a short period of time. So a hiPOS coin would say have a total 10M coins; 5M of which are POW over a timespan of 60 Days; and the other 5M are hiPOS minted as POS over an additional 60 Days.

Viewed from an APY standpoint; that's in the 10s of 1000s of percent APY. Add in a short maturity time; say 24 or 48 hours, and the compounding effects of hiPOS reward blocks earning hiPOS reward blocks... you get the picture.

It's not necessarily a bad thing. I don't think I've seen a hiPOS coin that uses hiPOS perpetually. It is usually used to supplement POW, and once hiPOS ends, a standard POS structure is implemented based on a more reasonable (subjective) reward rate. In this case it's 14%, but some hiPOS coins go the route of a more sustainable POS rate like 2% or 3% APY.

Strato

HiPOS is just another reward structure variant used to promote holding/staking/trading of a coin.
Using coin control properly, you can increase your holdings considerably vs the standard APR some POS coins use. HiPOS is great for incentivizing people to hold as developers release more info on their projects, while also allowing people with smaller holdings to benefit greatly by simply finding a few blocks at the right time.

This type of reward structure was made popular by coins such as Positron and BitBean in early 2015.

Coryvmcs1

hero member

Activity: 659

Merit: 501

What are the plans for this coin?

Stratobitz

legendary

Activity: 1022

Merit: 1010

Quote from: davien on February 02, 2016, 12:00:25 PM

Quote from: Stratobitz on February 02, 2016, 10:15:12 AM

Quote from: davien on February 02, 2016, 09:59:11 AM

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

hiPOS is High Interest Proof of Stake. Essentially; a POS system that is a fixed reward rather than a percentage yield; which is awarded out based on luck/coin age/coin weight.

So hiPOS will pay X coins from blocks A to B Block Number.

With this coin; it is hiPOS until block 300,000, then it moves to POS, which is 14% APY.

RE: Roberto; yes; 1 Day is the maturity for this coin according to main.cpp in the git pull.

Cheers,

Strato

So basically it's just a normal pos with high reward, nothing special

Pretty much; someone correct me if I'm wrong of course. Its essentially a coined term (theres little documentation on hiPOS; it's an acronym dev's use and nothing more).

I view hiPOS as an extension of POW. Where hiPOS blocks equal the output in terms of coin count as POW blocks - in a short period of time. So a hiPOS coin would say have a total 10M coins; 5M of which are POW over a timespan of 60 Days; and the other 5M are hiPOS minted as POS over an additional 60 Days.

Viewed from an APY standpoint; that's in the 10s of 1000s of percent APY. Add in a short maturity time; say 24 or 48 hours, and the compounding effects of hiPOS reward blocks earning hiPOS reward blocks... you get the picture.

It's not necessarily a bad thing. I don't think I've seen a hiPOS coin that uses hiPOS perpetually. It is usually used to supplement POW, and once hiPOS ends, a standard POS structure is implemented based on a more reasonable (subjective) reward rate. In this case it's 14%, but some hiPOS coins go the route of a more sustainable POS rate like 2% or 3% APY.

Strato

anticlimax

legendary

Activity: 1050

Merit: 1000

PoW is now over, those still mining should point their rigs/rentals elsewhere.

Slugmonkey

full member

Activity: 232

Merit: 100

static const int LAST_POW_BLOCK = 15000;
{"code":-1,"message":"No more PoW blocks"}

davien

sr. member

Activity: 462

Merit: 250

Quote from: Stratobitz on February 02, 2016, 10:15:12 AM

Quote from: davien on February 02, 2016, 09:59:11 AM

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

hiPOS is High Interest Proof of Stake. Essentially; a POS system that is a fixed reward rather than a percentage yield; which is awarded out based on luck/coin age/coin weight.

So hiPOS will pay X coins from blocks A to B Block Number.

With this coin; it is hiPOS until block 300,000, then it moves to POS, which is 14% APY.

RE: Roberto; yes; 1 Day is the maturity for this coin according to main.cpp in the git pull.

Cheers,

Strato

So basically it's just a normal pos with high reward, nothing special

Coryvmcs1

hero member

Activity: 659

Merit: 501

Great Staking coin. So far solid. I just keep mining at bitgen.net

Stratobitz

legendary

Activity: 1022

Merit: 1010

Quote from: davien on February 02, 2016, 09:59:11 AM

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

hiPOS is High Interest Proof of Stake. Essentially; a POS system that is a fixed reward rather than a percentage yield; which is awarded out based on luck/coin age/coin weight.

So hiPOS will pay X coins from blocks A to B Block Number.

With this coin; it is hiPOS until block 300,000, then it moves to POS, which is 14% APY.

RE: Roberto; yes; 1 Day is the maturity for this coin according to main.cpp in the git pull.

Cheers,

Strato

davien

sr. member

Activity: 462

Merit: 250

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

ROBERTO

legendary

Activity: 1421

Merit: 1001

Quote from: SIX3P0 on February 02, 2016, 08:53:29 AM

How long do these coins take to mature? had in wallet almost 24h and still not mature Embarrassed

I think it's 1 day

SIX3P0

sr. member

Activity: 247

Merit: 250

How long do these coins take to mature? had in wallet almost 24h and still not mature Embarrassed

Topic: [GBIT] GRAVITYBITS - SHA256 - POW/hiPOS - GravityBits Auctions - page 3. (Read 12937 times)