I've got a silly question.... what happens when the interest payments get so small that we run out of decimal places? ie if I had a block that was .00001, what would the interest be?
Also, would this cause a situation where the client will be limited in the max size of coins that can be sent in one tx?
Topic: [HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet - page 330. (Read 679335 times)
August 18, 2014, 02:36:29 PM
August 18, 2014, 02:11:22 PM
If you are using a block of 1600 HYP, then on day 30 you would get a stake reward of around 986 HYP. So 30 days is going to be close to maxing out that 1600 HYP block. If you plan on holding blocks that you won't stake for months, then you probably are best off with smaller block sizes.
Hi Presstab, thanks for that clarification.
So, assuming that I wanted to keep my blocks at 1,600 HYP for optimal staking, after day 27 (or there abouts) if I moved my 1,600 HYP to a new / different address, will these coins re-start the staking process all over again?
Also, how would I identify which coins are close to being at the "end of their staking cycle"?
In Coin Control I can see the number of confirmations, would it be the highest coins in here?
One other thing, in Coin Control, on both wallets I have, they mention, under "Label", a (change) listing, with an address, that isn't one I recognise.
Can you confirm what this is please.
Thanks Well, let me first start off by clarifying the staking process. Let's say I send 1,600 HYP to my wallet. I will need to let at least 8.8 days pass, and my block will begin "mining" itself, or attempting to stake. Think of this block of 1,600 as a PoW miner whose hash rate is 1,600 multiplied by the amount of time past 8.8 days. So if it is 9.8 days old, my coin weight (or sort of the hash rate equivalent) would be 1,600. If my block is 10.8 days old then the coin weight will be 3200.
As the age grows, it is more and more likely to produce a stake reward, because its weight gets larger. Once the block stakes, the network takes that block of 1,600 and calculates the reward. If it took 10.8 days, then it would be rewarded 7.5/365*10.8=355 HYP. The network takes your 1,600 HYP block and completely destroys it. The network then sends you two blocks of 977.5 (totaling 1955). These two blocks are freshly minted, and as such they have 0 age. You will need to wait another 8.8 days for the coins to start mining themselves again.
There is no reason to use a separate wallet address for any of this process. And if you age your blocks longer, then you are missing out on some compound interest. So the "end of the staking cycle" is when you receive the stake reward and are given two new blocks and the old block is destroyed.
Also I need to point out that if you at anytime transfer coins, it starts over the ageing process.
August 18, 2014, 01:03:46 PM
If you are using a block of 1600 HYP, then on day 30 you would get a stake reward of around 986 HYP. So 30 days is going to be close to maxing out that 1600 HYP block. If you plan on holding blocks that you won't stake for months, then you probably are best off with smaller block sizes.
Hi Presstab, thanks for that clarification.
So, assuming that I wanted to keep my blocks at 1,600 HYP for optimal staking, after day 27 (or there abouts) if I moved my 1,600 HYP to a new / different address, will these coins re-start the staking process all over again?
Also, how would I identify which coins are close to being at the "end of their staking cycle"?
In Coin Control I can see the number of confirmations, would it be the highest coins in here?
One other thing, in Coin Control, on both wallets I have, they mention, under "Label", a (change) listing, with an address, that isn't one I recognise.
Can you confirm what this is please.
Thanks I can help with the change address. It's what's left over after you combine or split a block, and calculate fees. If you want, you can set a custom change address in coin control, and it will always put change there. I don't know if it will automatically combine the blocks, but it will always go to the same address. If you don't do this, it will just dynamically create a new change address whenever the client finds it necessary.
I've never seen any of my blocks, large or small, go past 12 days. Usually stakes right at 9, so I don't know how ideal 1600 really is. It does guarantee you'll never hit the subsidy cap, though.
August 18, 2014, 12:51:25 PM
If you are using a block of 1600 HYP, then on day 30 you would get a stake reward of around 986 HYP. So 30 days is going to be close to maxing out that 1600 HYP block. If you plan on holding blocks that you won't stake for months, then you probably are best off with smaller block sizes.
Hi Presstab, thanks for that clarification.
So, assuming that I wanted to keep my blocks at 1,600 HYP for optimal staking, after day 27 (or there abouts) if I moved my 1,600 HYP to a new / different address, will these coins re-start the staking process all over again?
Also, how would I identify which coins are close to being at the "end of their staking cycle"?
In Coin Control I can see the number of confirmations, would it be the highest coins in here?
One other thing, in Coin Control, on both wallets I have, they mention, under "Label", a (change) listing, with an address, that isn't one I recognise.
Can you confirm what this is please.
Thanks August 18, 2014, 09:48:25 AM
If you are using a block of 1600 HYP, then on day 30 you would get a stake reward of around 986 HYP. So 30 days is going to be close to maxing out that 1600 HYP block. If you plan on holding blocks that you won't stake for months, then you probably are best off with smaller block sizes.
August 18, 2014, 09:27:15 AM
Can someone explain to me, in layman terms, the following:
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
The max 1000 HYP is for the block size Say you set your block size to 20,000 HYP then you will only receive 1000 HYP
But if you set it to 1600 size you will receive the max amount of HYP from the stake. You will keep earning stake after 30 days.
Thanks for clearing that up.....
I was just doing some sum's with regards to my stake - it's crazy how much my coins will grow with compound interest then!
I read about inflation control built in here though, so I wasn't sure where this was being "limited".
The block splits into 2 when it stakes. 1600 splits to 2 blocks of 800, then you get the block of 1000 I believe.
August 18, 2014, 07:14:22 AM
Can someone explain to me, in layman terms, the following:
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
The max 1000 HYP is for the block size Say you set your block size to 20,000 HYP then you will only receive 1000 HYP
But if you set it to 1600 size you will receive the max amount of HYP from the stake. You will keep earning stake after 30 days.
Thanks for clearing that up.....
I was just doing some sum's with regards to my stake - it's crazy how much my coins will grow with compound interest then!
I read about inflation control built in here though, so I wasn't sure where this was being "limited".
August 18, 2014, 07:05:58 AM
Can someone explain to me, in layman terms, the following:
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
The max 1000 HYP is for the block size Say you set your block size to 20,000 HYP then you will only receive 1000 HYP
But if you set it to 1600 size you will receive the max amount of HYP from the stake. You will keep earning stake after 30 days.
August 18, 2014, 03:20:08 AM
Can someone explain to me, in layman terms, the following:
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
August 17, 2014, 07:05:44 PM
not sure if they want it to go to 1000 votes before adding or not. If they do then we are app 720 votes short i think; which would cost $35 of BTC give or take to get to 1000 votes
Do any of you regularly trade there? I had massive problems with them when they were new. To be fair, they did fix it, but it left a bad taste in my mouth. Haven't been back since.I have only started using Bleutrade recently since HBN got added there. So far so good, no problems or lag at all. At this point I think it is good to get HYP added where we can. Bleutrade sounds interesting because I think we will be able to pair HBN and HYP.
I also submitted a request to poloniex, I will see if we get added to the voting list.
August 17, 2014, 04:51:43 PM
not sure if they want it to go to 1000 votes before adding or not. If they do then we are app 720 votes short i think; which would cost $35 of BTC give or take to get to 1000 votes
Do any of you regularly trade there? I had massive problems with them when they were new. To be fair, they did fix it, but it left a bad taste in my mouth. Haven't been back since.can't say its an exchange I am familiar with but looking at trading volumes of some of the more popular altcoins it seems a hit or a miss.
August 17, 2014, 04:20:06 PM
not sure if they want it to go to 1000 votes before adding or not. If they do then we are app 720 votes short i think; which would cost $35 of BTC give or take to get to 1000 votes
Do any of you regularly trade there? I had massive problems with them when they were new. To be fair, they did fix it, but it left a bad taste in my mouth. Haven't been back since. August 17, 2014, 03:58:37 PM
not sure if they want it to go to 1000 votes before adding or not. If they do then we are app 720 votes short i think; which would cost $35 of BTC give or take to get to 1000 votes
August 17, 2014, 01:50:50 PM
I just gave it a booster to position 4
Cool, thanks! Just bumped up to 3rd. I am not sure how often bleutrade adds coin, but I am guessing a combo of asking for HYP to be added in the trollbox and also voting it up, will be a good approach.
put another 50 votes on HYP, sitting top of the pile for an addition. Hope they add it soon
need more votes so that they can add this coin .
August 17, 2014, 01:45:59 PM
I just gave it a booster to position 4
Cool, thanks! Just bumped up to 3rd. I am not sure how often bleutrade adds coin, but I am guessing a combo of asking for HYP to be added in the trollbox and also voting it up, will be a good approach.
put another 50 votes on HYP, sitting top of the pile for an addition. Hope they add it soon
August 16, 2014, 02:02:31 PM
I just gave it a booster to position 4
Cool, thanks! Just bumped up to 3rd. I am not sure how often bleutrade adds coin, but I am guessing a combo of asking for HYP to be added in the trollbox and also voting it up, will be a good approach.
August 16, 2014, 12:45:25 AM
I just gave it a booster to position 4
August 15, 2014, 08:26:11 PM
HyperStake was added to the voting list on BleuTrade https://bleutrade.com/voting/HYP
August 15, 2014, 12:36:33 PM
Community Update
Hi everyone! It's been a quiet week for us, so there's not a terrible lot I need to ramble on about before you can get on with your weekend.
We seem to have reached a consensus on one of our goals this week, and that means we aren't willing to liquidate our little staking bounty
project for something trivial like a richlist. While we will come to further decisions on that in future, I think that most are in agreement
there are better things we could bounty out for. I've been watching with great interest the two coins who came out with android staking
wallets this week. I would love to see that here in Hyperstake at some point, it seems a feature that high POS would greatly benefit from.
There still needs to be some activity on the larger exchange front, I believe that David has put feelers out on the Cryptsy website so we may hear
more about that soon and how to pitch in to get us noticed. In the meantime I also believe that Poloniex is a noteworthy exchange, they
are particular about developer visibility and stable code, both of which we have. I will leave that as a new discussion the community can have.
As presstab has mentioned he is extremely busy in real life right now, and David also has several commitments. As for me I am planning to
take my summer holiday soon so you'll be rid of me for at least a week!
But all of us are always here intermittently, ready to field any questions and show that as a team we try to be in regular contact and bring new ideas to the table. Your suggestions help a lot in that, so thank
you for keeping the thread interesting and active. As you can see now that the initial work has been put in, HYP is still holding its own
on the exchange and anything we choose to do in future will only take us further ahead. At lightspeeds
Have a good weekend guys!
https://twitter.com/HyperStake
IRC: ##hyperstake
August 15, 2014, 12:24:10 PM
Here is my monthly update of my high PoS index. This chart takes into account stakes that would have occurred over the time period and the trading price. HYP is still performing pretty well if you have been staking it. Also it is easy to see that HYP is the most volatile.
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