Topic: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 228. (Read 679335 times)

Yep, 1.0.6 is a really solid build. If you are happy with it and don't want all the new bells and whistles, then keep it 

Not mandatory but you should upgrade. 1.0.6 is good, though (contrary to 1.0.6.5 or 1.0.7.1). If you don't upgrade, you just don't get some new features.

Is Version 1.0.7.2  a mandatory update?  

I'm still on 1.0.6  is that ok yet?

Amusing: this is exactly what BaconPumpSlicer wrote on trollbox:

Hi David

Thanks for introducing Project Giveaway.

First of all, I want people to know my main objective for the Giveaways will be to spread the word about HyperStake and gain a wider audience.
As such, like David says, there'll be giveaways on Polo, IRC, like we've been used to - but I'm also going to start focusing on other exchange trollboxes, social media, etc. This will make others sit up and notice HyperStake who are currently outside of our current circle.

I also have plans to incentivise action. But more about that later.

Right now, the entry price for HYP is extremely well priced for new people looking to enter the market. For those of you looking at HYP for the first time, consider taking up a small stake now, it will be worthwhile I'm sure.

WOW this is excellent news..  I am holding all my HYP..

Very nice!

This also is a good program to illustrate the benefits of staking coins vs. proof of work. Both have their merits, but Staking coins are ideal for this sort of thing.

Two days ago on IRC, I started Project Giveaway. Objective: to create a self-sufficient giveaway address to increase the visibility and interest for HYP. Once, the idea came from cycoinminer, who is also the originator of the HyperLoan idea. Hat tip to yoy, cycoinminer!

This is how Project Giveaway will work:
If we reach 50,000 HYP, cycoinminer will give away 25 bunches of 25 HYP every Tuesday, Thursday or Saturday. On Poloniex trollbox, Cryptsy trollbox on anywhere else.
If we reach 100,000 HYP, either the number of giveaways or the amount of them will double. At 200,000 HYP, it wil double again. Beyond this, donations shall better be spent elsewhere, like HyperSanta.

Calculations are as follow:
25 HYP per giveaway, 25 giveaway a day, three days in the week, two weeks (period for staking) = 25*25*3*2 = 3,750
To achieve self-sufficiency (endowment approach), we assume principal must be ten times bigger so 37,500
Finally, the first two weeks, there won't be any stake, so we'll have to provide an extra 7,500
Total is 37,500+7,500 = 45,000 HYP
50K HYP is a round enough number and gives some extra for security.

At the time of writing and after only two days, we already got 47466.179688 HYP (and growing)!
cycoinminer, I believe tomorrow you'll be able to start giveaways
Polo trollbox, Cryptsy trollbox, reddit, elsewhere... Let the HYP begin... again!

Nothing but good news at this end.
I did set a custom stakesplit threshold, so I will need to wait till the next stakes to see if it does what I expect. I just had 4 blocks stake in the past day, including a large block that was maxed out to 1000 rewards since a couple days, due to the high diff. I am happy to see the diff down from above 2 to 1 now, probably also the reason that I saw so much staking activity.
I also tested the splitblock function and not only did it work exactly as promised (split a large input into two almost equal size outputs as I had set the nr to 2) but I also noticed that the output lo longer was 0.00026 HYP lower, but only the specified 0.00001 HYP.
Earlier version wallets were "stealing dust" of 0.00025 HYP with every transaction ;-)
For me that added up to 0.014 HYP difference between my wallet balance and the explorer's view of my address.

Yes, Thank You!! Much Appreciated!!

Thanks billotronic! The mac build is now added to the github release page.

Yes, your option is to receive your stake in one or two blocks, no more than that.  I would aim for 1-3k at the moment, but up to you.

Awesome, I really need to learn how to do this..

Great explanation! Added that to the FAQ on the wiki for reference




Its cookin right now bud, hopefully be ready within the hour (assuming I can get a break and not have to work at work)

Mac OS X Version Please:)

Perfect....   setstakesplitthreshold was what I was looking for.  I think I know the answer to this question but just to be clear. 

This will only split the staked block in 2.  It won't divide it into multiple blocks.   Correct? 

And lastly, what it the current felling for optimal block size?  In the past I've heard 4K, but with the difficulty rising I'm sure that size is getting scaled down.   

Not stupid at all. If you have a block of 5,000 HYP that stakes with a reward of 1,000 HYP after 10 days, the network will take your original 5k block and destroy it, and give you two blocks of 3k HYP, thus splitting your stake. 

In version 1.0.7.1 I attempting to switch the logic up, but coded it wrong, and this resulted in blocks not splitting at all when they stake, so you would have received a new block of 6k instead of two blocks of 3k.

In version 1.0.7.2 I added the ability for the user to define when they want their wallet to split their stakes. By default it is set to not split the stake if each new block is less than 1k HYP. So in the case of this 6k stake, it will still split them into two blocks of 3k HYP.

If you were to enter into your debug window "setstakesplitthreshold 4000", then that would mean your wallet won't split the blocks if it results in each block being less than 4k HYP. So in the example above, it would have produce one block of 6k and not split them. If you set the threshold to 2000, then it would have split them.

This is more advanced staking theory, and might be difficult to understand for those that aren't veteran stakers. If you don't understand why or how this works, simply don't use it until you do. I set the default to be a number that will optimize staking fairly well for those that don't want to mess around with this technical aspect of staking. But I do believe that allowing advanced users to craft their staking portfolio exactly how they want is essential.

Nicely done Presstab!

There is no such thing as stupid questions, only stupid people too afraid to ask!

Can you explain the setstakesplitthreshold RPC call a little more.  I don't think I have anything that would make that call, maybe I'm wrong.  With just the windows wallet in default mode, will I automagically split?  Can I control the split size from the windows wallet?  Are the RPC calls done through commands on the debug console?  If these are commands, and they're not already explained in the help, can you explain them? 

   Sorry for what might be stupid questions.