[HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 103.

youngladd

newbie

Activity: 11

Merit: 0

I just love watching out of the corner of my eye when I see "Incoming transaction +1000 minted" I get excited.

However, I am not always able to look at my staking VM.

What I would like as a cool feature, is to get is an email or text when a stake occurs. (then I can attach a special ring tone to that cha..ching ) Grin

The easiest way I thought of to do that in windows, was if the wallet sends events to the "windows event viewer" when a any transaction occurs and have different event IDs for minting, send , receive etc...

Then I can use the Windows task scheduler to send emails, send notifications ,run scripts etc... based on any event in the wallet.

your thoughts?

youngladd

newbie

Activity: 11

Merit: 0

Quote from: iantunc on January 31, 2016, 03:26:33 PM

Quote from: youngladd on January 31, 2016, 01:07:06 PM

My second question was to confirm that "(My total weight / total network weight)" can be used to calculate my probability at that moment of time of staking a single block.

if not what metrics can I use to calculate?

You are right, you can estimate your probability to stake a block by taking into account the correlation of your weight and the total network weight. Then you can use a binomial distribution calculator to calculate your chances to stake one or another amount of blocks per period. Lets suppose that you have 1% of the total network weight (thus you have a 1% chance to stake the next block) and you want to know how many stakes you can get per day (960 blocks). A resulting graph can look like this (96 tries/10% success probability is used for clarity).

http://oi67.tinypic.com/n1s23b.jpg

So there is a ~36.5% probability to stake between 11 and 20 blocks per day.
The probability to stake from 1 to 10 times per 960 blocks is respectively ~63.5%.

yes perfect answer, that is exactly where I was going with it.

Thank you sir.

iantunc

sr. member

Activity: 433

Merit: 250

We are the first to program your future (c)

Quote from: youngladd on January 31, 2016, 01:07:06 PM

My second question was to confirm that "(My total weight / total network weight)" can be used to calculate my probability at that moment of time of staking a single block.

if not what metrics can I use to calculate?

You are right, you can estimate your probability to stake a block by taking into account the correlation of your weight and the total network weight. Then you can use a binomial distribution calculator to calculate your chances to stake one or another amount of blocks per period. Lets suppose that you have 1% of the total network weight (thus you have a 1% chance to stake the next block) and you want to know how many stakes you can get per day (960 blocks). A resulting graph can look like this (96 tries/10% success probability is used for clarity).

So there is a ~36.5% probability to stake between 11 and 20 blocks per day.
The probability to stake from 1 to 10 times per 960 blocks is respectively ~63.5%.

youngladd

newbie

Activity: 11

Merit: 0

PressTab

I asked 2 questions under post # 5720

however, after researching, I found an answer to my first question. I found a post from you #3022 where you stated "weight = (min(block age, 30 days) - 8 hours) * block amount"

and since 8 hours is 1/3 of a day, it confirms my observation that weight = block size × (days old - (1/3)) up to 30 days of course The wiki has 1/6 just FYI.

My second question was to confirm that "(My total weight / total network weight)" can be used to calculate my probability at that moment of time of staking a single block.

if not what metrics can I use to calculate?

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: kePd8CT5 on January 31, 2016, 11:09:39 AM

Quote from: David Latapie on January 30, 2016, 10:43:24 AM

I am back online. Ask me anything.

Glad to see you again!

From Russia with love and respect, as usual

Thanks man. My name is Bond. David Bond.

kePd8CT5

member

Activity: 88

Merit: 10

Quote from: David Latapie on January 30, 2016, 10:43:24 AM

I am back online. Ask me anything.

Glad to see you again!

From Russia with love and respect, as usual

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Some reaction to other posts:

Quote from: billotronic on June 29, 2015, 03:31:53 PM

lol superhereo's.

Yes, if you wanna go hardcore, smaller smaller smaller. At least 80% of my blocks are less then 2k and about 50% less then 1.5k to 500.... but you do need a shit ton of coins (100k?) to really make that strategy work.

What is the best block size?
share this with this shortlink:http://bit.ly/hypsize

Safe and optimized: 1622.222222 (HYP has 6 decimals, not Cool

Staking at min age (8.73 days) without hitting the wall
7.5 / 365 × 8.73 × 5,574.646811 = 999,999999

Staking at max age (30 days) without hitting the wall
7.5 / 365 × 30 × 1622.222222 = 999,999999

Quote from: billotronic on May 28, 2015, 09:01:09 PM

... and the moral of the story? All my online passwords should be banking strength!

1. Use Password Safe (why: the only one to withstand both IND-CDBA and MAL-CDBA attacks). Choose a padded master password
2. Save the database on your local Dropbox folder. For your dropbox password, use padded password too.

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: youngladd on January 30, 2016, 10:52:19 AM

Quote from: David Latapie on January 30, 2016, 10:43:24 AM

I am back online. Ask me anything.

I posted some questions under post # 5720, would you be able to answer.
I am building some Monte Carlo simulations and just need to make sure the formulas are right.

Presstab could better answer than me.

Quote from: JudgeDredd_Cryptsy on January 30, 2016, 10:53:48 AM

Quote from: David Latapie on January 30, 2016, 10:43:24 AM

I am back online. Ask me anything.

Do you have green hair ?

No

Quote from: locohammerhead on January 30, 2016, 11:00:20 AM

Quote from: David Latapie on January 30, 2016, 10:43:24 AM

I am back online. Ask me anything.

*Elephant in the room*

Where did you go?

In a bad direction
I created a cryptocurrency company with the wrong people and I heavily suffered from it. I'm still recovering.

locohammerhead

hero member

Activity: 530

Merit: 500

Quote from: David Latapie on January 30, 2016, 10:43:24 AM

I am back online. Ask me anything.

*Elephant in the room*

Where did you go?

JudgeDredd_Cryptsy

newbie

Activity: 56

Merit: 0

Quote from: David Latapie on January 30, 2016, 10:43:24 AM

I am back online. Ask me anything.

Do you have green hair ?

youngladd

newbie

Activity: 11

Merit: 0

Quote from: David Latapie on January 30, 2016, 10:43:24 AM

I am back online. Ask me anything.

I posted some questions under post # 5720, would you be able to answer.
I am building some Monte Carlo simulations and just need to make sure the formulas are right.

youngladd

newbie

Activity: 11

Merit: 0

Quote from: iantunc on January 30, 2016, 10:17:53 AM

Quote from: JudgeDredd_Cryptsy on January 30, 2016, 09:11:26 AM

What is happening with the price?
This coin cant be under 100 sat.

Probably it's an impact of the fallen colossus Cryptsy. Personally I am waiting for a perfect occasion to improve my reach list positions Wink

Agree, there is a lot of volatility in all coins right now. because of the whole Cryptsy debacle and the Mike Hearn news happening at the same time.

this would be the time to buy , not sell.

Sell into strength and buy into weakness.

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

I am back online. Ask me anything.

iantunc

sr. member

Activity: 433

Merit: 250

We are the first to program your future (c)

Quote from: dalistar on January 30, 2016, 09:25:03 AM

Quote from: JudgeDredd_Cryptsy on January 30, 2016, 09:11:26 AM

What is happening with the price?
This coin cant be under 100 sat.

i think this coin going to die
i sold out all already

This coin is a giant network that can be used in many ways. If someone still moves the blockchain and is keeping up a work on the development, a coin can't be called dead.

JudgeDredd_Cryptsy

newbie

Activity: 56

Merit: 0

Quote from: dalistar on January 30, 2016, 09:25:03 AM

Quote from: JudgeDredd_Cryptsy on January 30, 2016, 09:11:26 AM

What is happening with the price?
This coin cant be under 100 sat.

i think this coin going to die
i sold out all already

You sold all to me

I am buying like crazy ahah

iantunc

sr. member

Activity: 433

Merit: 250

We are the first to program your future (c)

Quote from: JudgeDredd_Cryptsy on January 30, 2016, 09:11:26 AM

What is happening with the price?
This coin cant be under 100 sat.

Probably it's an impact of the fallen colossus Cryptsy. Personally I am waiting for a perfect occasion to improve my rich list positions Wink

dalistar

member

Activity: 126

Merit: 10

Quote from: JudgeDredd_Cryptsy on January 30, 2016, 09:11:26 AM

What is happening with the price?
This coin cant be under 100 sat.

i think this coin going to die
i sold out all already

JudgeDredd_Cryptsy

newbie

Activity: 56

Merit: 0

What is happening with the price?
This coin cant be under 100 sat.

youngladd

newbie

Activity: 11

Merit: 0

Ok two questions

1.
On the Hyperstake Wiki

the formula for calculating weight shows as "weight = block size × (days old - (1/6))"

However, while observing the Coin control weights within the wallet, it does not appear to be working out that way.

it appears from my observation and trial and error, that the formula is closer to "weight = block size × (days old - (1/3))"

Can you confirm?

2. True or False

"(My total weight / total network weight)" can be used to calculate my probability at that moment of time of staking a single block.

presstab

legendary

Activity: 1330

Merit: 1000

Blockchain Developer

Just deleted some spam. Keep posts about other coins in the general altcoin section, not in the HYP thread.

Topic: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 103. (Read 679332 times)