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Topic: Proof of Stake Coin List - page 4. (Read 49091 times)

full member
Activity: 124
Merit: 100
June 07, 2014, 07:52:44 PM
I created a spreadsheet mostly based on your data. Please everyone, improve on it
Proof-of-stake List

Added Mastiff coin X11 5.5% stake annual
hero member
Activity: 658
Merit: 503
Monero Core Team
May 20, 2014, 09:58:01 PM
I created a spreadsheet mostly based on your data. Please everyone, improve on it
Proof-of-stake List
member
Activity: 70
Merit: 10
May 20, 2014, 09:54:34 PM
Nice collection of PoS list
hero member
Activity: 658
Merit: 503
Monero Core Team
hero member
Activity: 658
Merit: 503
Monero Core Team
May 12, 2014, 11:10:03 AM
PS. I guess this topic is not right for this kind of discussion. Perhaps we could continue interesting coins discussion somewhere else?
Like How PoS works?
hero member
Activity: 546
Merit: 500
May 12, 2014, 08:46:27 AM
Even considering compounding interest (which takes CPU ressources, by the way since you let your wallet on), this is still too low in a world where price can drop 50% in one day. It's fortunate min's price is very stable, but no evidence this will be the same for this one.

Its rather obvious that coins in babyshoes will have large movements. It the matter of market dept - or the absent of it. Even bitcoin is still a small child.

I have no doubt that HBN is one of the gems in the pot of cryptocoins.  Im curious how HBN staking formula will do in long term period (i mean in 3-5 years time). It attracts to keep more coins in your wallet, but creates a lot of excessive supply when there is no demand for coins and difficulty is low. Seems controversial strategy to me.
Digit PoW being driven by demand/difficulty and PoS smoothly pressuring PoW towards the end looks like a good idea to me.
Both have interesting formula for PoW/PoS.  HBN is already proved to be solid. Lets see how the Digit does.

PS. I guess this topic is not right for this kind of discussion. Perhaps we could continue interesting coins discussion somewhere else?
hero member
Activity: 658
Merit: 503
Monero Core Team
May 12, 2014, 07:47:07 AM
It would be interesting if the interest was higher. As tokyoghetto stated it in his HBN investment journal, "20% is not enough when the price can drop 50% overnight".
Too bad because the growing PoS idea is interesting.
5% per month would be much more interesting. 60% at the end of the first year is on par with Philosopher's Stone (less rewarding, since you would break even with PHS only at 10th month, but starting from year 2 it would be interesting).
+5% every month for first year => 60%
+2.5% every month for second year => 90 %
+1.25% every month for third year. => 105%. Considering TEK is at 480% an year (6300% with compounding) and performs very well (too well, I'd say), it may not be too much. PHS is at +50% but not NVCS like TEK/HBN and NVC, which means the interest is constant and doesn't depend on do not decrease with the network difficulty.
Ending it brutally, though, would kill the coin so something would have to be considered.

I feel like starting from April, high-stake coin got less interesting to buy because people started to take notice of this coin. Maybe MINT is the one that raised awareness of PoS to a greater audience.
Now, will new get-rich-quick schemes will divert money from high-PoS (=> price drop, you can buy) or will we have to resort to newly-created high-PoS coin? Unfortunately, all of them (LGD, GWT) seem to be premined :/

Heres some additional info how Digit PoS is built.
It starts from 0.2%  first month. Then 0.4% 2nd, 0.5% 3rd and continues until it reaches 7.2% in month 36.
Adding this together and here is what we get:

1st year = 15.6%  (Average monthy interest in year 1 is 1.3%)
2nd year = 44.4% (Average monthy interest in year 2 is 3.7%)
3rd year = 73,2% (Average monthy interest in year 3 is 6.1%)

From here, interest rate will start dropping.

4th year = 70.8% (Average monthy interest in year 4 is 5.9%)
5th year = 42% (Average monthy interest in year 5 is 3.5%)
6th year = 13.4% (Average monthy interest in year 6 is 1.12%)
7th and all years after that = 2.4% (Average monthy interest in year 7 is 0.2%)

Since their PoW is difficulty dependant, it will should sort itsself out just beautifully. If mining profitability goes down due high supply, then block reward will go down and new supply will decrease.
Vice versa if the opposite situation occurs.
Even considering compounding interest (which takes CPU ressources, by the way since you let your wallet on), this is still too low in a world where price can drop 50% in one day. It's fortunate min's price is very stable, but no evidence this will be the same for this one.
hero member
Activity: 546
Merit: 500
May 12, 2014, 06:06:11 AM
It would be interesting if the interest was higher. As tokyoghetto stated it in his HBN investment journal, "20% is not enough when the price can drop 50% overnight".
Too bad because the growing PoS idea is interesting.
5% per month would be much more interesting. 60% at the end of the first year is on par with Philosopher's Stone (less rewarding, since you would break even with PHS only at 10th month, but starting from year 2 it would be interesting).
+5% every month for first year => 60%
+2.5% every month for second year => 90 %
+1.25% every month for third year. => 105%. Considering TEK is at 480% an year (6300% with compounding) and performs very well (too well, I'd say), it may not be too much. PHS is at +50% but not NVCS like TEK/HBN and NVC, which means the interest is constant and doesn't depend on do not decrease with the network difficulty.
Ending it brutally, though, would kill the coin so something would have to be considered.

I feel like starting from April, high-stake coin got less interesting to buy because people started to take notice of this coin. Maybe MINT is the one that raised awareness of PoS to a greater audience.
Now, will new get-rich-quick schemes will divert money from high-PoS (=> price drop, you can buy) or will we have to resort to newly-created high-PoS coin? Unfortunately, all of them (LGD, GWT) seem to be premined :/

Heres some additional info how Digit PoS is built.
It starts from 0.2%  first month. Then 0.4% 2nd, 0.5% 3rd and continues until it reaches 7.2% in month 36.
Adding this together and here is what we get:

1st year = 15.6%  (Average monthy interest in year 1 is 1.3%)
2nd year = 44.4% (Average monthy interest in year 2 is 3.7%)
3rd year = 73,2% (Average monthy interest in year 3 is 6.1%)

From here, interest rate will start dropping.

4th year = 70.8% (Average monthy interest in year 4 is 5.9%)
5th year = 42% (Average monthy interest in year 5 is 3.5%)
6th year = 13.4% (Average monthy interest in year 6 is 1.12%)
7th and all years after that = 2.4% (Average monthy interest in year 7 is 0.2%)

Since their PoW is difficulty dependant, it will should sort itsself out just beautifully. If mining profitability goes down due high supply, then block reward will go down and new supply will decrease.
Vice versa if the opposite situation occurs.
hero member
Activity: 658
Merit: 503
Monero Core Team
May 12, 2014, 05:37:46 AM
There has been massive amount of PoW/PoS coins launched lately. Majority of them have rapid PoW phase for few days or weeks and then continuing as pure PoS. Just like MINT and BC did first.
I guess MINT and BC huge price jumps did nice job of pulling new clones out.
There is at least one which shows some creativity.

Digit looks rather interesting.

0.2% monthly PoS base interest.
0.4% on the second month
0.6% on third month
and climbing by 0.2% until PoW mining ends after 3 years from launch.
That makes month nr36 monthly interest of 7.2%.
It would be interesting if the interest was higher. As tokyoghetto stated it in his HBN investment journal, "20% is not enough when the price can drop 50% overnight".
Too bad because the growing PoS idea is interesting.
5% per month would be much more interesting. 60% at the end of the first year is on par with Philosopher's Stone (less rewarding, since you would break even with PHS only at 10th month, but starting from year 2 it would be interesting).
+5% every month for first year => 60%
+2.5% every month for second year => 90 %
+1.25% every month for third year. => 105%. Considering TEK is at 480% an year (6300% with compounding) and performs very well (too well, I'd say), it may not be too much. PHS is at +50% but not NVCS like TEK/HBN and NVC, which means the interest is constant and doesn't depend on do not decrease with the network difficulty.
Ending it brutally, though, would kill the coin so something would have to be considered.

I feel like starting from April, high-stake coin got less interesting to buy because people started to take notice of this coin. Maybe MINT is the one that raised awareness of PoS to a greater audience.
Now, will new get-rich-quick schemes will divert money from high-PoS (=> price drop, you can buy) or will we have to resort to newly-created high-PoS coin? Unfortunately, all of them (LGD, GWT) seem to be premined :/

Edit: as usual, the linux binaries don't work (/home/david/Téléchargements/Digit-qt Linux 64bit/Digit-qt: error while loading shared libraries: libminiupnpc.so.8: cannot open shared object file: No such file or directory)
hero member
Activity: 546
Merit: 500
May 09, 2014, 02:24:42 AM
There has been massive amount of PoW/PoS coins launched lately. Majority of them have rapid PoW phase for few days or weeks and then continuing as pure PoS. Just like MINT and BC did first.
I guess MINT and BC huge price jumps did nice job of pulling new clones out.
There is at least one which shows some creativity.

Digit looks rather interesting.

0.2% monthly PoS base interest.
0.4% on the second month
0.6% on third month
and climbing by 0.2% until PoW mining ends after 3 years from launch.
That makes month nr36 monthly interest of 7.2%.
Interest rate will fall back down after mining is ended.
Interest min payout time is 1 day. No maximum limit.

PoW block reward is dependent on its falling multiplier and difficulty multiplier.
time multiplier starts at 3.34 and falls to 0.1 by the month nr36.

https://github.com/DigitSF/Digit

Code:
unsigned int nStakeMinAge = 24 * 60 * 60; // 1 day
unsigned int nStakeMaxAge = -1; // unlimited

Code:
static const int64_t MAX_MONEY = 90000000000 * COIN;
static const int64_t MAX_PROOF_OF_STAKE = 0.2 * CENT; // 0.2%

Code:
const int MONTHLY_BLOCKCOUNT = 60000; 
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees, int nHeight)
{
    unsigned int MONTHLY_MULTIPLIER = 1;

    for (int MONTH = 1; MONTH < 71; MONTH++)
{
        if(nHeight < MONTH * MONTHLY_BLOCKCOUNT)
{
MONTHLY_MULTIPLIER = ((MONTH<36) ? MONTH : 36 - MONTH%36);
        }
    }
if (MONTHLY_MULTIPLIER < 1)
{
MONTHLY_MULTIPLIER = 1;
}

    int64_t nSubsidy = nCoinAge * MAX_PROOF_OF_STAKE * MONTHLY_MULTIPLIER  / 30;
hero member
Activity: 658
Merit: 503
Monero Core Team
May 08, 2014, 07:15:19 PM
Could you explain the difference between yearly and NVCS?
Yearly, I understand, it is like a bank account, right? But NVCS? I know it is related to Novacoin, but apart from this, I don't understand. I think it means this is a maximum, whilst yearly are an exact number.

Thank you
legendary
Activity: 1148
Merit: 1000
April 28, 2014, 10:45:45 AM
You should add badgercoin seems to be first X11 with pos...
hero member
Activity: 676
Merit: 500
April 27, 2014, 07:20:29 AM
POS is the reason im into BC


Seriously? BC price has been changing by 50-100% in one week intervals, so does 1% annual PoS interest really matters?
legendary
Activity: 2632
Merit: 1023
April 27, 2014, 05:11:36 AM
you need to include coin destruction as well eg peercoin destroys coins per transaction. This effects overall inflation and coin dynamics
newbie
Activity: 2
Merit: 0
April 27, 2014, 04:42:19 AM
Another Proof-Of-Stake Coin -- AsiaCoin -- http://theasiacoin.com/

Claims first year 100%

From source code at https://github.com/AsiaCoin/AsiaCoin/blob/master/src/util.h
Code:
static const int64 COIN = 1000000;

From source code at https://github.com/AsiaCoin/AsiaCoin/blob/master/src/main.h
Code:
static const int64 MAX_MONEY = 360000000 * COIN;	// 36 mil
static const int64 MAX_MINT_PROOF_OF_STAKE = 0.10 * COIN; // 10% annual interest

From source code at https://github.com/AsiaCoin/AsiaCoin/blob/master/src/main.cpp
Code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 14;	// minimum age for coin age: 14d
unsigned int nStakeMaxAge = 60 * 60 * 24 * 365 * 10; // stake age of full weight: 10y
unsigned int nStakeTargetSpacing = 60; // 60 sec block spacing
Code:
const int YEARLY_BLOCKCOUNT = 525600;	// 365 * 1440
int64 GetProofOfStakeReward(int64 nCoinAge, unsigned int nBits, unsigned int nTime, int nHeight)
{
    int64 nRewardCoinYear;
nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;

if(nHeight < YEARLY_BLOCKCOUNT)
{
nRewardCoinYear = 7.15 * MAX_MINT_PROOF_OF_STAKE; //due to the compounded interest
}
else
{
nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE / 5;
}

    int64 nSubsidy = nCoinAge * nRewardCoinYear / 365;
if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d" nBits=%d\n", FormatMoney(nSubsidy).c_str(), nCoinAge, nBits);

    return nSubsidy;
}
hero member
Activity: 966
Merit: 513
April 16, 2014, 08:34:44 PM
The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".

What about this? Is this paragraph also correct in your opinion?

The purpose of POW is to secure the network. POW reward is paid to secure the network by minting. High block reward of POW is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return.

That is fine, but irrelevant to this thread which is about POS coins.

POS is a way to secure the network without spending a huge amount of energy hashing. POS reward marging, after sufficient adjustment by the market, will be extremely thin because it really doesn't take a lot to secure a POS network. Any extra reward will used to lower the price of the coin, canceling out the gain. So using POS reward to get rich is not going to work.

Using POS coins to store value is highly likely to work -- POS is very efficient at keep its coin network running.

I don't know if you've noticed but all mining margins have contracted significantly recently.
hero member
Activity: 516
Merit: 500
CAT.EX Exchange
April 16, 2014, 08:19:14 PM
The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".

What about this? Is this paragraph also correct in your opinion?

The purpose of POW is to secure the network. POW reward is paid to secure the network by minting. High block reward of POW is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return.

That is fine, but irrelevant to this thread which is about POS coins.

POS is a way to secure the network without spending a huge amount of energy hashing. POS reward marging, after sufficient adjustment by the market, will be extremely thin because it really doesn't take a lot to secure a POS network. Any extra reward will used to lower the price of the coin, canceling out the gain. So using POS reward to get rich is not going to work.

Using POS coins to store value is highly likely to work -- POS is very efficient at keep its coin network running.
sr. member
Activity: 476
Merit: 250
April 16, 2014, 06:17:42 AM
NHZ ,Distribution still going on.
full member
Activity: 183
Merit: 100
TDTPJR-P5SGXY-UU2OS6-BPTUV4-NJYQFT-6CWYZP-IA2W
April 16, 2014, 05:30:20 AM
NEMs gonna be POI, holymoly!
hero member
Activity: 546
Merit: 500
April 16, 2014, 03:46:10 AM
The purpose of POS is to secure the network. POS reward is paid to secure the network by minting. High % return of POS is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return as "interest".

What about this? Is this paragraph also correct in your opinion?

The purpose of POW is to secure the network. POW reward is paid to secure the network by minting. High block reward of POW is just a self-diluting game that puts a downward pressure on the coin's price, hence doesn't offer real return.



yes, this is correct
the problem with bitcoin is 5% inflation right now is a little bit high

it doesn't offer any advantage over 2% inflation security-wise other than giving ASIC miners a higher stake in the game

If you want to use fancy words like "inflation", then better make sure that you know what it means.
Heres wiki for you.
http://en.wikipedia.org/wiki/Inflation
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