Topic: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come - page 167. (Read 785531 times)

What if the remainder of the block was paid into the next block found by someone with full trust rating? This way the loyal miners are incentivized to maintain the network when the opportunistic miners aren't around.This could also incentivize the creation of more pools or in particular a gpu pool. Not sure if this is practical but if any miner (pool or otherwise) where to exceed 49% of the blocks in a given time frame then its trust should decrease quickly making it Ineligible for larger block payouts.

Not sure if possible, but trust could be reduced if fractional reward comes in to play.

Increasing trust based on how many blocks found per day is an idea, but loyal miners could be negatively affected if there was a sudden influx of new miners who started to take a majority of blocks.   Maybe trust would need to reduce slowly over a longer time.

How would such a system effect a mining pool like the cpu pool for example? The cpu pool produces the vast majority if not almost all cpu blocks... Also how much variation are we talking about when it comes to trust based rewards for mining channels? If its only a few % then that would seem fair, also where does the remainder of the block reward go to dev keys? If that is the case it would probably make sense to first introduce the decentralized mechanisim for control of dev keys prior to the addition of trust based mining incentives. As it stands currently there is already too much of the available supply locked in dev keys which don't have a decentralized control system (roughly 20-21%).

Hmm so maybe mining trust keys can have trust based on how many blocks they produce per day vs how many blocks that channel should have produced, if they dedicate more hash power their trust builds faster.

This would need to be limited to a top threshold though to prevent 51% from getting trust, maybe trust is reduced if you produce multiple blocks in a row to prevent what a 51% attack would harm, as in creating your own string of blocks that overtake main chain. What do you think?

Thank You,
Viz.

A way round this would be to leave a small gpu mining all the time, whilst additionally, hoping on & off with much more hash when diff level is appealing?

skunk,

I'll make you an RPC call so you can dump your trust keys sorted by the highest trust in descending order. When I make the commit I'll let you know.

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everyone,

I have sped up the loading, cleaned up some superfluous debug info, so forth. When ready, I'll release a public testnet bin to test the new trust system, so we can make sure it works as it should before full release, then once satisfied with functionality we can move to public release with time-lock activation.

Should I also put some time into developing a critical mass activation, such as, instead of it being based on mined blocks being of new version to enforce rules, we can create a registry protocol with the LLP to have all nodes report their connected nodes to each other, and create a time-lock of 3-5 days after 95% of nodes are registered to the newest update. That way it won't be a race to update, and will also depend on users choosing to upgrade for the new updates to activate.

This could eventually be moved to trust keys where trust keys sign messages of all their nodes and status of the upgrade, so the trust keys will become the core tier, which I call the Trust Network. The trust network will have multiple tiers such as Mining Keys and Stake Keys. The lowest tier would then be light nodes that access the Trust LLP to get recent blocks and transactions and verify their balance through the trust network.

Also what do you guys think of trust keys being put into mining LLP, which means when activated mining rewards will decrease if you don't have trust, but your trust will build with mining key giving you the same rewards if you continually mine. This will give higher rewards to consistent miners rather than the same reward to miners that hop on and off the network. Think higher reward should definitely go to more dedicated miners. Any thoughts?

Thank You,
Viz.

Good question, I would guess any pubkeys that have a Niro balance.  Maybe just PM your pubkeys to Videlicet

Been trying to marked buy small amounts every day.

uh? how to know from the nexus command line client?

I have maintained my trust key since Npos launch day, but I am curious what would be the reasoning behind different types of trust keys? And just to make sure I understand correctly If I leave my current wallet staking while I am away the interest rate would just stay static until I upgraded when I return, I should be able to update by remotely accessing my rig but being on holidays it would be nice to have a safety net.

did i post the right thing? I was before 2016 staking everyday and buying when i can. Been mining on and off since it was still CoinShield.

If you do, send me that key and I'll make sure it stays active. If you continue to stake during the update and your key hasn't ever expired you'll still have the same interest rate.

Maybe I should make another class of trust keys, ones that have never expired prior to update and were created before 2016, ones that got reactivated from update, and new trust keys post update. What do you guys think?

Thank You,
Viz.

I hope the soon means in the next 4 days as i'm going away for 12 days after that, would be terrible to lose my interest rate after all this time...

The way I'm re-activing trust keys is if you send them, and you produce a block within one day of the update time lock.

Release coming soon, reactivated trust keys that have good track record will be considered "grandfather trust keys", or in other words, they are the original trust keys that dedicated much of their time and resources in the most difficult time to hold a trust key, while we iron out the expiration times.

I'd like to award those that managed to keep their keys active for the most part, so I'll allow them to reactivate, and your trust and age will be based on the time of the last block that key produced to build trust again after time lock. I'll figure out any additional benefits these grandfather keys should have, any ideas / suggestions ?

So if you send me your trust key, make sure to send the most active one

Thank You,
Viz.

2S6Dg9axwxELwpBAE5dCJSpwFqVRHCofXbXi1XcVV32co8xniF5 hopefully thats it

Not sure if this is the correct one, but this is where I get my stake from: 2RxoCyLzADWwJzCdtveW39S7fG95vV6fdfjgBA9V247ed8iatnm

PM or post your trust key and I'll ensure your trust is not expired with new update.

Thank You,
Viz.

My staking reset at new years for some reason. I was over 2%, closing at 3%.

holding and staking . up to a little over 1.05% stake

i remember u were also excited about LGD and PHS..

how did those end? )))))))))))))