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Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 131. (Read 920105 times)

legendary
Activity: 1190
Merit: 1000
Kaspa
Another update. I have mined a block on the old chain. It needs to mature, but its in my wallet Smiley
Now what do I with it? Smiley

I suppose the argument could be made that people are rejecting the change to PoSv. The POW chain is longer....I think it only has about 8Mh/s on it though? Not a whole lot...but their chain is longer. Only because it took a while to get PoSv working and now because of the splitting issue but still.

Spindoctor anyone Smiley

That argument could be made, but the truth is that there are like 10 wallets that didn't get the message and based on the hashrate, I would say that 1 or 2 tops are mining on it intentionally, everyone else is just unaware of the change, along with the 2-3 days that we were offline + the 600-800blocks/day we have been short.

 it only has 8 m/h's and cartman is saying "people are rejecting it"  lol trying to cause a dump much? there might be nobody intentionally mining it they might all be "on auto pilot"

on another note my 60 addresses are humming along nicely, at any given time I have 15+ pos finds confirming
legendary
Activity: 994
Merit: 1000
Another update. I have mined a block on the old chain. It needs to mature, but its in my wallet Smiley
Now what do I with it? Smiley

I suppose the argument could be made that people are rejecting the change to PoSv. The POW chain is longer....I think it only has about 8Mh/s on it though? Not a whole lot...but their chain is longer. Only because it took a while to get PoSv working and now because of the splitting issue but still.

Spindoctor anyone Smiley

That argument could be made, but the truth is that there are like 10 wallets that didn't get the message and based on the hashrate, I would say that 1 or 2 tops are mining on it intentionally, everyone else is just unaware of the change, along with the 2-3 days that we were offline + the 600-800blocks/day we have been short.
legendary
Activity: 994
Merit: 1000
in 1 chunk, 1mill was staking maybe 2pot/day... on the 31st made 15 addy's with 30 transactions (coin1, coin2, coin3 etc.), now 30-50 blocks/day and 10x the pot. Just sayin Grin
yeah, this is something the devs will have to look at. I am noticing the same thing, I have 2 addresses staking, aside from my mega wallet. 1 is 21k the other is 100k, the 21k is earning more % wise than the 100k. This is reason enough to adjust the split threshold. If we can get someone else aside from the devs to compile a wallet, we can start getting people to use it and get things moving like they should be.
legendary
Activity: 1270
Merit: 1000
Another update. I have mined a block on the old chain. It needs to mature, but its in my wallet Smiley
Now what do I with it? Smiley

I suppose the argument could be made that people are rejecting the change to PoSv. The POW chain is longer....I think it only has about 8Mh/s on it though? Not a whole lot...but their chain is longer. Only because it took a while to get PoSv working and now because of the splitting issue but still.
full member
Activity: 241
Merit: 101
in 1 chunk, 1mill was staking maybe 2pot/day... on the 31st made 15 addy's with 30 transactions (coin1, coin2, coin3 etc.), now 30-50 blocks/day and 10x the pot. Just sayin Grin
legendary
Activity: 994
Merit: 1000
As a non tech guy who is in for the long haul, I'v learned a bunch about POSV from you guys, Thanks. I'm sure you can fill me in on my situation. I tried for quit a while to get a new wallet up and running before the official transition but was unsuccessful (not for lack of trying - to much teck speak for an idiot..bootstraps, dat files, deleting shit, ect). Finally,with the last wallet update it downloaded without incident. Of course by that time all my coins (1m+) were/are locked up on Cryptsy. My questions: 1) when does the coin age begin, when they are put into the wallet or when they were acquired. 2) when exchanges open again would it be best to stake my coins in one lump sum? I just keep wondering if all this turmoil is/was caused for the benefit of Devs and Major coin holders to get a staking advantage over the majority of coins in the system that can't stake.

To answer your questions 1 at a time.

1) Coin age begins when you receive them in your local wallet.
2)Until the devs have addresses the split issue, this a moot point, any splitting done by you will eventually be undone by the wallet in up to 2mill chunks.

The only people who really benefit from this are the ones who are currently staking coins. As the # of coins actively staking grows, that early benefit will dwindle.
As for the major coin holders, look at the rich list on cryptoid, there is a good 25%+ of the supply that hasn't moved in so long we can only assume they are lost or in cold storage.
newbie
Activity: 20
Merit: 0
As a non tech guy who is in for the long haul, I'v learned a bunch about POSV from you guys, Thanks. I'm sure you can fill me in on my situation. I tried for quit a while to get a new wallet up and running before the official transition but was unsuccessful (not for lack of trying - to much teck speak for an idiot..bootstraps, dat files, deleting shit, ect). Finally,with the last wallet update it downloaded without incident. Of course by that time all my coins (1m+) were/are locked up on Cryptsy. My questions: 1) when does the coin age begin, when they are put into the wallet or when they were acquired. 2) when exchanges open again would it be best to stake my coins in one lump sum? I just keep wondering if all this turmoil is/was caused for the benefit of Devs and Major coin holders to get a staking advantage over the majority of coins in the system that can't stake.
legendary
Activity: 994
Merit: 1000
Thank you for that!!! My only concern is those that are splitting manually have a major advantage over those of us that keep our funds in 1 wallet address. While guys like me wait for this fix, if I wanted to manually spilt the coins into many different wallets, I know how to make loads of new wallet addresess and move coins, but what else? Thats the part I dont get. People that are making 40 wallet addresses and moving their coins are losing all of their coin age and weight, so I dont see how they are making this work!??!?

I know that POSV is "proof of stake velocity" as has to do with moving coins to generate stake, but then at the same time , the coin weight resets back to 0 when moved. Very confusing.

Vegas

The velocity has to do with the rate at which the coins age after they are moved. They mature at a faster rate than the standard 1:1 of other POS algos.
The first 2 weeks the coins gain age faster, after which they start to slowdown. This is incentive to actually transact in the coin as you know that your coins will age faster if they are moved.

Those of us that are doing a ton of individual addresses are NOT doing it for our gain, IE, we don't expect to make more coins staking this way from the beginning. We are doing to help get the network up to speed and minting a block every 40s on average like it should be.

POSv1.0 was designed so that the base rate was 5% with upwards of 6% possible if you staked 24/7/365. POSv2.0 splits the the total 5-6% of the total money supply with the coins actively staking. If 50% of the coins are active then the stake rate is 10%+.
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
Thank you for that!!! My only concern is those that are splitting manually have a major advantage over those of us that keep our funds in 1 wallet address. While guys like me wait for this fix, if I wanted to manually spilt the coins into many different wallets, I know how to make loads of new wallet addresess and move coins, but what else? Thats the part I dont get. People that are making 40 wallet addresses and moving their coins are losing all of their coin age and weight, so I dont see how they are making this work!??!?

I know that POSV is "proof of stake velocity" as has to do with moving coins to generate stake, but then at the same time , the coin weight resets back to 0 when moved. Very confusing.

Vegas
legendary
Activity: 994
Merit: 1000
Ok im not really getting this. First I fully understand standard POS. But I clearly dont understand POSV. So I create 40 addresses , and then evenly divide my balance between them. So, then do I need to keep moving the coins around? IS more wallets better with much smaller balance in each one? Is 100 wallet addresses better than 40?  Im not getting this at all. I have about 20,000 POT, what should I do to get max rewards on this system, as I didnt get hardly any, and I hadnt unlocked it to stake in months.

Vegas

Ideally the wallet would split the coins for you. We are doing the manual splitting in multiple addresses to account for something the devs overlooked.
NO, you don't want to actively move coins around, let them sit and do their thing, everytime you move them you burn their coin age and the clock starts over.
Right now the network is still getting up to speed, if the code isn't borked, we should soon be seeing the correct stake rate.
legendary
Activity: 1610
Merit: 1003
"Yobit pump alert software" Link in my signature!
Ok im not really getting this. First I fully understand standard POS. But I clearly dont understand POSV. So I create 40 addresses , and then evenly divide my balance between them. So, then do I need to keep moving the coins around? IS more wallets better with much smaller balance in each one? Is 100 wallet addresses better than 40?  Im not getting this at all. I have about 20,000 POT, what should I do to get max rewards on this system, as I didnt get hardly any, and I hadnt unlocked it to stake in months.

Vegas
legendary
Activity: 994
Merit: 1000
Another update. I have mined a block on the old chain. It needs to mature, but its in my wallet Smiley
Now what do I with it? Smiley
legendary
Activity: 994
Merit: 1000
Small update on 8.6.4. I am not synced up 100%, I am however past the 975000 first POSv block and there does appear to be someone or something still mining on that chain.
Getpeerinfo gives me mostly 8.6.4 as peers with 1 8.7.1. It doesn't appear that I am connected to the POSv network, I will be deleting my peer info and adding my vps to the node list, maybe as the only connection and see what does.


I am now fully synced, below is a copy/pasta from the debug console. I turned solo mining on, I will leave it overnight and see if I can get any coins on the old chain.

Quote
21:49:09

getmininginfo


21:49:09

{
"blocks" : 995311,
"currentblocksize" : 1000,
"currentblocktx" : 0,
"difficulty" : 0.08767412,
"errors" : "Critical upgrade to Litecoin 0.10.2.2+. https://litecoin.org/upgrade",
"generate" : true,
"genproclimit" : -1,
"hashespersec" : 6177,
"networkhashps" : 8892978,
"pooledtx" : 0,
"testnet" : false
}


21:49:18

getpeerinfo


21:49:18

[
{
"addr" : "85.214.23.49:4200",
"services" : "00000003",
"lastsend" : 1441244958,
"lastrecv" : 1441244958,
"bytessent" : 970653,
"bytesrecv" : 1176416,
"blocksrequested" : 0,
"conntime" : 1441232981,
"version" : 70002,
"subver" : "/Hashtoshi:0.8.6.4/",
"inbound" : false,
"startingheight" : 995037,
"banscore" : 0
},
{
"addr" : "5.149.51.217:4200",
"services" : "00000003",
"lastsend" : 1441244958,
"lastrecv" : 1441244958,
"bytessent" : 1421862,
"bytesrecv" : 4567853,
"blocksrequested" : 0,
"conntime" : 1441233122,
"version" : 70002,
"subver" : "/Hashtoshi:0.8.6.4/",
"inbound" : false,
"startingheight" : 995037,
"banscore" : 0,
"syncnode" : true
},
{
"addr" : "104.131.2.154:4200",
"services" : "00000003",
"lastsend" : 1441244870,
"lastrecv" : 1441244929,
"bytessent" : 1586575,
"bytesrecv" : 4315315,
"blocksrequested" : 0,
"conntime" : 1441233486,
"version" : 70002,
"subver" : "/Hashtoshi:0.8.6.4/",
"inbound" : false,
"startingheight" : 995048,
"banscore" : 0
},
{
"addr" : "208.66.68.115:4200",
"services" : "00000003",
"lastsend" : 1441244958,
"lastrecv" : 1441244958,
"bytessent" : 3172830,
"bytesrecv" : 4066316,
"blocksrequested" : 0,
"conntime" : 1441233837,
"version" : 70002,
"subver" : "/Hashtoshi:0.8.6.4/",
"inbound" : false,
"startingheight" : 995051,
"banscore" : 0
},
{
"addr" : "104.229.193.67:4200",
"services" : "00000003",
"lastsend" : 1441244958,
"lastrecv" : 1441244958,
"bytessent" : 352562,
"bytesrecv" : 1606410,
"blocksrequested" : 0,
"conntime" : 1441234151,
"version" : 70002,
"subver" : "/Hashtoshi:0.8.6.4/",
"inbound" : false,
"startingheight" : 995063,
"banscore" : 0
},
{
"addr" : "178.62.86.195:4200",
"services" : "00000003",
"lastsend" : 1441244958,
"lastrecv" : 1441244958,
"bytessent" : 1054506,
"bytesrecv" : 1704088,
"blocksrequested" : 0,
"conntime" : 1441234205,
"version" : 70002,
"subver" : "/Hashtoshi:0.8.6.4/",
"inbound" : false,
"startingheight" : 995064,
"banscore" : 0
},
{
"addr" : "63.155.237.242:4200",
"services" : "00000003",
"lastsend" : 1441244883,
"lastrecv" : 1441244883,
"bytessent" : 743852,
"bytesrecv" : 1859324,
"blocksrequested" : 0,
"conntime" : 1441234256,
"version" : 70002,
"subver" : "/Hashtoshi:0.8.6.4/",
"inbound" : false,
"startingheight" : 995067,
"banscore" : 0
},
{
"addr" : "128.8.124.7:18199",
"services" : "00000001",
"lastsend" : 1441244869,
"lastrecv" : 1441244942,
"bytessent" : 8427297,
"bytesrecv" : 9673,
"blocksrequested" : 0,
"conntime" : 1441235815,
"version" : 70002,
"subver" : "/UMDCoinscope:0.0/",
"inbound" : true,
"startingheight" : 783913,
"banscore" : 0
},
{
"addr" : "178.33.209.212:4200",
"services" : "00000003",
"lastsend" : 1441244956,
"lastrecv" : 1441244957,
"bytessent" : 442,
"bytesrecv" : 75231,
"blocksrequested" : 0,
"conntime" : 1441244956,
"version" : 70002,
"subver" : "/Potcoin:0.8.7.1/",
"inbound" : false,
"startingheight" : 974999,
"banscore" : 0
}
]
legendary
Activity: 994
Merit: 1000
with 40 addresses with 250 in each I was getting tons (1 every 2-20 minutes) added another 20 addresses today with double in them... so mine will be humming along even better in no time  Cool


the OP should have the exchanges that don't work taken down for now. I forgot how much I liked POLO, lol I hadn't used it in a while

40 addys in the same wallet??? But you sent them from a third wallet?
You can send coins to yourself. The way I did it was launch a wallet on one of my vps's and then pull down a txt file with those addresses, I then starting cutting and pasting and sending coin to each of them. The cut/paste helped me keep track of which ones I had already sent funds.

To other addys in the same wallet?

How can I see how much POt does each address has? I only see totalts in balance... and yes... the transactions reads PAY TO YOURSELF
You need to go into settings and enable coin control, then click on inputs at the top of the send screen. If you want to see how many confirmations they all have, click on list mode.
member
Activity: 122
Merit: 10
with 40 addresses with 250 in each I was getting tons (1 every 2-20 minutes) added another 20 addresses today with double in them... so mine will be humming along even better in no time  Cool


the OP should have the exchanges that don't work taken down for now. I forgot how much I liked POLO, lol I hadn't used it in a while

40 addys in the same wallet??? But you sent them from a third wallet?
You can send coins to yourself. The way I did it was launch a wallet on one of my vps's and then pull down a txt file with those addresses, I then starting cutting and pasting and sending coin to each of them. The cut/paste helped me keep track of which ones I had already sent funds.

To other addys in the same wallet?

How can I see how much POt does each address has? I only see totalts in balance... and yes... the transactions reads PAY TO YOURSELF
legendary
Activity: 994
Merit: 1000
with 40 addresses with 250 in each I was getting tons (1 every 2-20 minutes) added another 20 addresses today with double in them... so mine will be humming along even better in no time  Cool


the OP should have the exchanges that don't work taken down for now. I forgot how much I liked POLO, lol I hadn't used it in a while

40 addys in the same wallet??? But you sent them from a third wallet?
You can send coins to yourself. The way I did it was launch a wallet on one of my vps's and then pull down a txt file with those addresses, I then starting cutting and pasting and sending coin to each of them. The cut/paste helped me keep track of which ones I had already sent funds.
legendary
Activity: 994
Merit: 1000
For the hell of it, IE for shits and giggles, I launched 0.8.6.4. Its currently reindexing the blockchain but I have at least 9 connections out and they are all running the old wallet.
I am nowhere near well versed in the attacking of blockchains, but I am going to use my imagination and see what I can do, if anything with the old wallet and chain.

Once it's resynced check to see how much hashrate is still on it...and what block they are on. I recommend you specify a different data folder so it doesn't mess with your 8.7 version.
Already done. I made a copy of the entire folder. I already run ALL of my crypto wallets with a batch file and a custom data folder Smiley

Current estimated blocks is 844506.
member
Activity: 122
Merit: 10
with 40 addresses with 250 in each I was getting tons (1 every 2-20 minutes) added another 20 addresses today with double in them... so mine will be humming along even better in no time  Cool


the OP should have the exchanges that don't work taken down for now. I forgot how much I liked POLO, lol I hadn't used it in a while

40 addys in the same wallet??? But you sent them from a third wallet?
legendary
Activity: 1190
Merit: 1000
Kaspa
with 40 addresses with 250 in each I was getting tons (1 every 2-20 minutes) added another 20 addresses today with double in them... so mine will be humming along even better in no time  Cool


the OP should have the exchanges that don't work taken down for now. I forgot how much I liked POLO, lol I hadn't used it in a while
legendary
Activity: 1270
Merit: 1000
For the hell of it, IE for shits and giggles, I launched 0.8.6.4. Its currently reindexing the blockchain but I have at least 9 connections out and they are all running the old wallet.
I am nowhere near well versed in the attacking of blockchains, but I am going to use my imagination and see what I can do, if anything with the old wallet and chain.

Once it's resynced check to see how much hashrate is still on it...and what block they are on. I recommend you specify a different data folder so it doesn't mess with your 8.7 version.
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