[HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 205.

billotronic

legendary

Activity: 1610

Merit: 1000

Crackpot Idealist

Quote from: presstab on December 08, 2014, 09:17:48 PM

We have all been talking about an upcoming hard fork that will fix a few minor issues. I am now considering forking off of X11 hashes, and switching to a more light weight hashing algorithm. CrazyLoaf mentioned to me that blake is fairly light. This would be quite easy to use because it is already in the code. What I would like everyone to do is to weigh in on their favorite algo. Keep in mind that the point is to lighten CPU load (having it hash 11 algo's is stupid for PoS). There is no reason to make hashing difficult, PoS provides the security. If hashing is difficult it adds PoW to a PoS only coin.

The current algo's in the code (I would prefer to use one of these, because of ease):

- blake512
- bmw512
- groestl512
- skein512
- jh512
- keccak512
- luffa512
- cubehash512
- shavite512
- simd512
- echo512

Look forward to hearing some opinions Tongue

whoa hey there cowboy.

half those I do not think have been solo in a coin. Could maybe we do a test net sex test against a few to see what would be the most beneficial?

presstab

legendary

Activity: 1330

Merit: 1000

Blockchain Developer

One thing I am looking into is how much x11 is actually involved. It looks like the actual coinstake hashing done for PoS is all in SHA256, so this is not doing 11 algos per coinstake hash. At least if my reading of the code is correct. Hopefully will have more info about this later.

mtwelve

legendary

Activity: 1330

Merit: 1009

Quote from: presstab on December 08, 2014, 09:45:15 PM

Quote from: mtwelve on December 08, 2014, 09:33:20 PM

Wait so now HYP make fork into a POW/POS like TEK if I understood that correctly? And if so, I'm most familiar with skein, groestl, and blake, all good algos.

No just thinking about switching the PoS hashing algo. Not add PoW. This is just a conversation at this point. Is it worth switching PoS algo's for any reason?

I wanted feedback from the community. Thats all Tongue

I didn't know POS systems used an algo... I thought it was just like simulations of mining if you wanted to look at it in technical terms. Well if it's to lighten the CPU load, shouldn't you just in theory use the "easiest" algo (AKA gpu accelerated) and go with SHA-256 (or whatever algo is more ASIC friendly?).

iantunc

sr. member

Activity: 433

Merit: 250

We are the first to program your future (c)

Quote from: nioc on December 08, 2014, 09:40:50 PM

@presstab, I know nothing about algorithms. You say you want to lighten the CPU load yet HYP only uses 1.5% of my CPU and 67MB RAM. I have a newer pentium which ain't much, running windows 8.1

As for me, it's a very nice idea. It will let people keep the wallet on VPS without an additional overhead, that can lead to server cancellation.

presstab

legendary

Activity: 1330

Merit: 1000

Blockchain Developer

Quote from: mtwelve on December 08, 2014, 09:33:20 PM

Wait so now HYP make fork into a POW/POS like TEK if I understood that correctly? And if so, I'm most familiar with skein, groestl, and blake, all good algos.

No just thinking about switching the PoS hashing algo. Not add PoW. This is just a conversation at this point. Is it worth switching PoS algo's for any reason?

I wanted feedback from the community. Thats all Tongue

nioc

legendary

Activity: 1624

Merit: 1008

@presstab, I know nothing about algorithms. You say you want to lighten the CPU load yet HYP only uses 1.5% of my CPU and 67MB RAM. I have a newer pentium which ain't much, running windows 8.1

mtwelve

legendary

Activity: 1330

Merit: 1009

Wait so now HYP make fork into a POW/POS like TEK if I understood that correctly? And if so, I'm most familiar with skein, groestl, and blake, all good algos.

presstab

legendary

Activity: 1330

Merit: 1000

Blockchain Developer

We have all been talking about an upcoming hard fork that will fix a few minor issues. I am now considering forking off of X11 hashes, and switching to a more light weight hashing algorithm. CrazyLoaf mentioned to me that blake is fairly light. This would be quite easy to use because it is already in the code. What I would like everyone to do is to weigh in on their favorite algo. Keep in mind that the point is to lighten CPU load (having it hash 11 algo's is stupid for PoS). There is no reason to make hashing difficult, PoS provides the security. If hashing is difficult it adds PoW to a PoS only coin.

The current algo's in the code (I would prefer to use one of these, because of ease):

- blake512
- bmw512
- groestl512
- skein512
- jh512
- keccak512
- luffa512
- cubehash512
- shavite512
- simd512
- echo512

Look forward to hearing some opinions Tongue

mtwelve

legendary

Activity: 1330

Merit: 1009

Quote from: chilly2k on December 08, 2014, 08:07:39 PM

Whats the minimum size block? IE what size will just hit 1000 at day 30? If anyone knows off the top of their heads or has a quick way to calculate it.

Thanks.

According to the stake calculator, I believe the minimum size block to hit the 1k reward after 30 days is 1623 HYP.

chilly2k

legendary

Activity: 1007

Merit: 1000

Whats the minimum size block? IE what size will just hit 1000 at day 30? If anyone knows off the top of their heads or has a quick way to calculate it.

Thanks.

mtwelve

legendary

Activity: 1330

Merit: 1009

Ahhhh understood. Think 24/7 staking is a must now, seriously thinking of dropping some $$$ for a rasp pi staking setup.

billotronic

legendary

Activity: 1610

Merit: 1000

Crackpot Idealist

Quote from: mtwelve on December 08, 2014, 06:54:31 PM

Quote from: Ense04 on December 08, 2014, 06:30:31 PM

Quote from: vegasguy on November 28, 2014, 08:46:41 AM

Diff is the highest its ever been, and rightfully so (thank you presstab). This is done to control inflation and help the price rise. It you want to stake at 10-11 days use 6000 coin blocks.

Vegas

6000k block at this point is a bad idea IMO. I hit max award on day 9 and I'm still waiting. Recommend 4000k block in case anyone is wondering what to do.

Am I on the wrong wallet or something as the difficulty is at 2.1, no need for 6k blocks just yet Cheesy

well the difficulty fluctuates (and has been peaking crazy high) and I think what vegasguy was getting at is if your want your stake ASAP you HAVE to go with large block sizes (ie 6k)

mtwelve

legendary

Activity: 1330

Merit: 1009

Quote from: Ense04 on December 08, 2014, 06:30:31 PM

Quote from: vegasguy on November 28, 2014, 08:46:41 AM

Diff is the highest its ever been, and rightfully so (thank you presstab). This is done to control inflation and help the price rise. It you want to stake at 10-11 days use 6000 coin blocks.

Vegas

6000k block at this point is a bad idea IMO. I hit max award on day 9 and I'm still waiting. Recommend 4000k block in case anyone is wondering what to do.

Am I on the wrong wallet or something as the difficulty is at 2.1, no need for 6k blocks just yet Cheesy

Ense04

full member

Activity: 145

Merit: 100

Quote from: vegasguy on November 28, 2014, 08:46:41 AM

Diff is the highest its ever been, and rightfully so (thank you presstab). This is done to control inflation and help the price rise. It you want to stake at 10-11 days use 6000 coin blocks.

Vegas

6000k block at this point is a bad idea IMO. I hit max award on day 9 and I'm still waiting. Recommend 4000k block in case anyone is wondering what to do.

mtwelve

legendary

Activity: 1330

Merit: 1009

Quote from: bitmaster222 on December 08, 2014, 03:26:35 PM

Quote from: gribgo on December 08, 2014, 11:04:01 AM

Quote from: presstab on December 06, 2014, 03:03:08 PM

Quote from: Serby on December 06, 2014, 02:45:42 PM

Quote from: kevink on December 06, 2014, 10:20:06 AM

Quote from: Serby on December 06, 2014, 10:12:55 AM

This does not look good. HYP is slowly dying, someone is dumping. I think I'll follow suit: https://poloniex.com/exchange/btc_hyp.

Follow suit in dumping? Just the opposite would be more appropriate.

It is time to buy to cost average down, hold and stake. The price will go back up and when it does those who were patient will reap the rewards.

Quite the contrary, holding on while you lose more and more every day that passes, just because you hope it will go back up (nearly 7000% devaluation during the last two months compared to 750% POS)... You're probaly right, HYP will be pumped once or twice, just before the dead cat bounce, and dumped beyond recovery.

Quote from: billotronic on December 06, 2014, 12:40:06 PM

Quote from: Serby on December 06, 2014, 10:12:55 AM

This does not look good. HYP is slowly dying, someone is dumping. I think I'll follow suit: https://poloniex.com/exchange/btc_hyp.

yeah so someone got me real drunk last night and I ended up giving away a shit ton of coins. oops.

fuck yeah, I got high too, but I didn't give a shit AT ALL.

I can tell you that, HYP is a coin network, not just a simple exchange rate. If the exchange rate goes down... that doesn't have any impact on the network, so long as people continue to stake and move transactions along. There isn't much I can do about exchange rate, that is decided by all of you guys for the most part. But I can say that I will be staking and continuing to improve the wallet and core code for a long time to come. This is what determines how long the coin lasts, not exchange rate.

So very right!

I might add that if people don"t have the stomach for investing or can not ride through the larger swings you probably have no business in trading at all!

There's still need for more people in crypto, but perhaps they could stick to the more stable ones like Bitcoin or Litecoin

bitmaster222

newbie

Activity: 30

Merit: 0

Quote from: gribgo on December 08, 2014, 11:04:01 AM

Quote from: presstab on December 06, 2014, 03:03:08 PM

Quote from: Serby on December 06, 2014, 02:45:42 PM

Quote from: kevink on December 06, 2014, 10:20:06 AM

Quote from: Serby on December 06, 2014, 10:12:55 AM

This does not look good. HYP is slowly dying, someone is dumping. I think I'll follow suit: https://poloniex.com/exchange/btc_hyp.

Follow suit in dumping? Just the opposite would be more appropriate.

It is time to buy to cost average down, hold and stake. The price will go back up and when it does those who were patient will reap the rewards.

Quite the contrary, holding on while you lose more and more every day that passes, just because you hope it will go back up (nearly 7000% devaluation during the last two months compared to 750% POS)... You're probaly right, HYP will be pumped once or twice, just before the dead cat bounce, and dumped beyond recovery.

Quote from: billotronic on December 06, 2014, 12:40:06 PM

Quote from: Serby on December 06, 2014, 10:12:55 AM

This does not look good. HYP is slowly dying, someone is dumping. I think I'll follow suit: https://poloniex.com/exchange/btc_hyp.

yeah so someone got me real drunk last night and I ended up giving away a shit ton of coins. oops.

fuck yeah, I got high too, but I didn't give a shit AT ALL.

I can tell you that, HYP is a coin network, not just a simple exchange rate. If the exchange rate goes down... that doesn't have any impact on the network, so long as people continue to stake and move transactions along. There isn't much I can do about exchange rate, that is decided by all of you guys for the most part. But I can say that I will be staking and continuing to improve the wallet and core code for a long time to come. This is what determines how long the coin lasts, not exchange rate.

So very right!

I might add that if people don"t have the stomach for investing or can not ride through the larger swings you probably have no business in trading at all!

gribgo

sr. member

Activity: 298

Merit: 250

Quote from: presstab on December 06, 2014, 03:03:08 PM

Quote from: Serby on December 06, 2014, 02:45:42 PM

Quote from: kevink on December 06, 2014, 10:20:06 AM

Quote from: Serby on December 06, 2014, 10:12:55 AM

This does not look good. HYP is slowly dying, someone is dumping. I think I'll follow suit: https://poloniex.com/exchange/btc_hyp.

Follow suit in dumping? Just the opposite would be more appropriate.

It is time to buy to cost average down, hold and stake. The price will go back up and when it does those who were patient will reap the rewards.

Quite the contrary, holding on while you lose more and more every day that passes, just because you hope it will go back up (nearly 7000% devaluation during the last two months compared to 750% POS)... You're probaly right, HYP will be pumped once or twice, just before the dead cat bounce, and dumped beyond recovery.

Quote from: billotronic on December 06, 2014, 12:40:06 PM

Quote from: Serby on December 06, 2014, 10:12:55 AM

This does not look good. HYP is slowly dying, someone is dumping. I think I'll follow suit: https://poloniex.com/exchange/btc_hyp.

yeah so someone got me real drunk last night and I ended up giving away a shit ton of coins. oops.

fuck yeah, I got high too, but I didn't give a shit AT ALL.

I can tell you that, HYP is a coin network, not just a simple exchange rate. If the exchange rate goes down... that doesn't have any impact on the network, so long as people continue to stake and move transactions along. There isn't much I can do about exchange rate, that is decided by all of you guys for the most part. But I can say that I will be staking and continuing to improve the wallet and core code for a long time to come. This is what determines how long the coin lasts, not exchange rate.

So very right!

CartGeezer

sr. member

Activity: 272

Merit: 250

Quote

I can tell you that, HYP is a coin network, not just a simple exchange rate. If the exchange rate goes down... that doesn't have any impact on the network, so long as people continue to stake and move transactions along. There isn't much I can do about exchange rate, that is decided by all of you guys for the most part. But I can say that I will be staking and continuing to improve the wallet and core code for a long time to come. This is what determines how long the coin lasts, not exchange rate.

Bravo!

mtwelve

legendary

Activity: 1330

Merit: 1009

Interesting. What is considered "large holdings"? Anyone above 100K HYP?

David Latapie

hero member

Activity: 658

Merit: 503

Monero Core Team

Quote from: mtwelve on December 07, 2014, 02:34:10 PM

Quote from: David Latapie on December 07, 2014, 01:55:57 PM

New entries in the HyperStake Development Journal (HDJ):

Features galore!, an extension of something I posted here
Feature: disablestake if X, the first occurence of a series of description for upcoming or proposed features

Great work David! How much do you think difficulty and weight will be affected by?

If not default: negligeable. If default: maybe 30% of reduction once a large enough amount of people update, which will probably take quite some time, considering we don't have any built-in new version notification system (presstab, something to consider).

Topic: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 205. (Read 679332 times)