[POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 143.

rdyoung

legendary

Activity: 994

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Quote from: barabbas on August 25, 2015, 01:40:31 PM

Quote from: crackfoo on August 25, 2015, 01:30:10 PM

Quote from: rdyoung on August 25, 2015, 01:19:26 PM

Quote from: barabbas on August 25, 2015, 01:06:30 PM

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

Indeed... Cryptsy did recently stake a bunch of blocks so hopefully they at least will be coming back online soon, bittrex is waiting for the error to go away which should as soon there are enough upgraded wallets/nodes online to outweigh the old ones. I have no idea whats up with polo.

Polo is back online now.

Polo is back online but bittrex and cryptsy remain disabled?

We know that bittrex won't come back for awhile, not until the old nodes/wallet error goes away. Cryptsy likely just taking their sweet time, we know they have the upgrade wallet up and running because I watched them stake a TON of coins not long ago.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: crackfoo on August 25, 2015, 01:30:10 PM

Quote from: rdyoung on August 25, 2015, 01:19:26 PM

Quote from: barabbas on August 25, 2015, 01:06:30 PM

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

Indeed... Cryptsy did recently stake a bunch of blocks so hopefully they at least will be coming back online soon, bittrex is waiting for the error to go away which should as soon there are enough upgraded wallets/nodes online to outweigh the old ones. I have no idea whats up with polo.

Polo is back online now.

Sweet, I have some funds with them I can pull to get the network moving, as soon as they mature that is.

barabbas

legendary

Activity: 1162

Merit: 1000

Quote from: crackfoo on August 25, 2015, 01:30:10 PM

Quote from: rdyoung on August 25, 2015, 01:19:26 PM

Quote from: barabbas on August 25, 2015, 01:06:30 PM

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

Indeed... Cryptsy did recently stake a bunch of blocks so hopefully they at least will be coming back online soon, bittrex is waiting for the error to go away which should as soon there are enough upgraded wallets/nodes online to outweigh the old ones. I have no idea whats up with polo.

Polo is back online now.

Polo is back online but bittrex and cryptsy remain disabled?

crackfoo

legendary

Activity: 3556

Merit: 1126

Quote from: rdyoung on August 25, 2015, 01:19:26 PM

Quote from: barabbas on August 25, 2015, 01:06:30 PM

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

Indeed... Cryptsy did recently stake a bunch of blocks so hopefully they at least will be coming back online soon, bittrex is waiting for the error to go away which should as soon there are enough upgraded wallets/nodes online to outweigh the old ones. I have no idea whats up with polo.

Polo is back online now.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: jheaton on August 25, 2015, 01:06:20 PM

they need 260 confirmations to mature. then u can stake again.

Not exactly. The 260 confirmations is the # needed before those coins are spendable. The min coin age for staking is 8hours, I am still unsure whether that 8 hours is based on confirmations or on actual time since that tx was created, I am leaning towards time based seeing as we are averaging only 500 or so blocks/day.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: barabbas on August 25, 2015, 01:06:30 PM

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

Indeed... Cryptsy did recently stake a bunch of blocks so hopefully they at least will be coming back online soon, bittrex is waiting for the error to go away which should as soon there are enough upgraded wallets/nodes online to outweigh the old ones. I have no idea whats up with polo.

barabbas

legendary

Activity: 1162

Merit: 1000

So you don't have enough wallets staking and yet you cannot pull the coins from either Cryptsy of Bittrex because the wallets there are disabled... quiet a situation I would say. Simply amazing.

jheaton

full member

Activity: 241

Merit: 101

they need 260 confirmations to mature. then u can stake again.

fher98

member

Activity: 122

Merit: 10

Hello everyone.

Yesterday I got a couple of coins from staking, today I waked up to the following message "Not staking because you dont have mature coins". Why?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: fairglu on August 25, 2015, 03:12:47 AM

Quote from: jheaton on August 24, 2015, 02:25:05 PM

According to https://chainz.cryptoid.info/pot/#!network , there are 79 wallets online.

Note that it's wallets "seen" by the explorer wallet, there could be more, that never connected to the explorer wallets during the last 24h, and there could be less, if the same wallet connected from different IPs during the last 24h f.i.

The extraction stats show 282 staking addresses (for the last 1000 blocks), that's quite a lot, but many wallets will have multiple addresses that can stake, so it's not a definitive indication either.

For a more accurate view of the wallets out there, ideal would be to have multiple geo-located wallets in data-centers with good connectivity, and aggregate the wallets those have seen, it would not be perfect, but might be more accurate (the explorer can do that, but it means extra hosting costs and/or requires RPC access to those geo-located wallets, so those wallets should not be holding funds)

Actually, for a coin with a split threshold of about 2million with 200+million coins in circulation, 282 addresses staking is NOT a lot, not by a long shot.
The explorer does show you geolocation of wallets and its less likely that a wallet that is on 24/7 is going to check in from a different address at least in my experience, ISPs don't change you ip that often because they don't have that many to go around. This isn't the AOL days where you would get a new IP every time you dialed in.

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: Rumhurius on August 25, 2015, 07:04:43 AM

Now it works...
Lets see what happens with reactived Markets / Wallets.

I think 260 Confirmations is too much for the average user to keep it open.
I allways turn my Wallet off after staking, cause i know this will (s)take hours.

A max coin reward per Block could make People like me force to split blocks also.

If/when the network is moving like it should be, 260 confirmations is a little over 2.5 hours, not that long at all.
When the network is moving again, you should leave your wallet unlocked and staking as much as possible, POSv is 5% but you could earn up to 6% by staking 24/7 and that doesn't account for the % of coins offline and not staking so your reward will be even higher.

We aren't seeing the network speed that we should be, partially because they failed to note or change the split/combine threshold that was left behind for RDD and because we don't have enough individual addresses online actively staking. If my math is accurate, based on the 8hour maturity we need a minimum 720 active blocks or addresses vying for stakes to keep the network sailing smoothly, we have less than half of that. That will change when the exchanges come online and people can get their coins out to start staking.

Rumhurius

legendary

Activity: 1672

Merit: 1046

Here we go again

Now it works...
Lets see what happens with reactived Markets / Wallets.

I think 260 Confirmations is too much for the average user to keep it open.
I allways turn my Wallet off after staking, cause i know this will (s)take hours.

A max coin reward per Block could make People like me force to split blocks also.

fairglu

legendary

Activity: 1100

Merit: 1032

Quote from: jheaton on August 24, 2015, 02:25:05 PM

According to https://chainz.cryptoid.info/pot/#!network , there are 79 wallets online.

Note that it's wallets "seen" by the explorer wallet, there could be more, that never connected to the explorer wallets during the last 24h, and there could be less, if the same wallet connected from different IPs during the last 24h f.i.

The extraction stats show 282 staking addresses (for the last 1000 blocks), that's quite a lot, but many wallets will have multiple addresses that can stake, so it's not a definitive indication either.

For a more accurate view of the wallets out there, ideal would be to have multiple geo-located wallets in data-centers with good connectivity, and aggregate the wallets those have seen, it would not be perfect, but might be more accurate (the explorer can do that, but it means extra hosting costs and/or requires RPC access to those geo-located wallets, so those wallets should not be holding funds)

1echo

sr. member

Activity: 280

Merit: 250

scams hunter!

wallet still down everywhere

anticlimax

legendary

Activity: 1050

Merit: 1000

Quote from: richiela on August 24, 2015, 10:19:24 PM

BTW, our wallet is updated and running, but safe mode is not allowing us to bring the wallet back online... we will turn it back on once the network is in agreement.

thanks,
richie

Thanks for the update.

richiela

hero member

Activity: 937

Merit: 1000

BTW, our wallet is updated and running, but safe mode is not allowing us to bring the wallet back online... we will turn it back on once the network is in agreement.

thanks,
richie

Beachguy

legendary

Activity: 1019

Merit: 1001

Spectreproject Community Manager

So do I need to put a wallet on my laptop to go along with the one on my desktop?

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: jheaton on August 24, 2015, 02:25:05 PM

If my math is correct, we need a total of 720 wallets or individual addresses or blocks actively staking to give us the 40s/average.

According to https://chainz.cryptoid.info/pot/#!network , there are 79 wallets online.

I thought it would be way more popular than that. Lips sealed

[/quote]

To be fair, we did just get the POSV fix yesterday. It may take some time for people to get the news that they need to check in and grab a new wallet and start staking.
There is also the # of coins that haven't moved in months or years, if you look at the richlist on cryptoid you will see quite a few address/wallets that haven't seen any activity in quite sometime.

Lets hope that now its POSv we will see interest grow by leaps and bounds.

jheaton

full member

Activity: 241

Merit: 101

If my math is correct, we need a total of 720 wallets or individual addresses or blocks actively staking to give us the 40s/average.

According to https://chainz.cryptoid.info/pot/#!network , there are 79 wallets online.
[/quote]

I thought it would be way more popular than that. Lips sealed

rdyoung

legendary

Activity: 994

Merit: 1000

Quote from: fher98 on August 24, 2015, 02:07:55 PM

Quote from: rdyoung on August 24, 2015, 01:30:11 PM

Quote from: TimC on August 24, 2015, 12:59:44 PM

Quote from: rdyoung on August 24, 2015, 12:54:38 PM

We need more wallets online staking so that we stop seeing the frequent 20+ minute blocks.

Both bittrex and cryptsy both have their POT wallet in maintenance. I got coins on both place waiting to be sent to my wallet for more staking. Once they get their wallets working I bet there will be more wallets staking since coins are tied up on the exchanges and can not be moved yet.

Lets hope so. I will be creating a few addresses and feeding them a small amount of coins to do what I can to even out the block times, at least until the devs address it or enough wallets are actively staking to smooth things out.

To give people an idea of why and what we are seeing. In the past 23.5 hours we have seen 529 blocks, roughly 1/4th of what we should be seeing.
Averages being what they are, it is possible and likely that once enough wallets come online we will start seeing a TON of sub 40s blocks to make up for the longer than normal blocks.

To sum something up, its not the amount of coins total that are active, its the total # of blocks vying to stake and mint a block. The wallets have been combining coins into larger blocks so we don't have enough blocks of coins to stake an avg of 1 block every 40s.

Soooo, and since the staking power wont be the same as the old POW hashrate, how long would it take for the network difficulty to come even with the many less open/staking wallets?

Not sure about length of time. What I know needs to happen is that we need more blocks that are smaller in size, but that cant happen without some people deliberately splitting the coins into separate addresses because the wallet keeps consolidating them.

With any luck, fingers crossed, the exchanges will all bring the wallets back online sometime today and people can get their coins off the exchanges and staking. If my math is correct, we need a total of 720 wallets or individual addresses or blocks actively staking to give us the 40s/average.

According to https://chainz.cryptoid.info/pot/#!network , there are 79 wallets online.

Topic: [POT]PotCoin - Banking for the Legal Cannabis Industry ✦ ✦ ✦Grow With Us ✦ ✦ ✦ - page 143. (Read 920138 times)