Hi! All
I Think it is not goodfor High POS coin to go lower and lower on staking
And it adds another X in the formula instead well known 40%
The best thing here was that you could look at TEK coins as hashing power and could predict the income, but if you have X hashing power and unknown result of waiting (holding\staking) the coin
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Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico - page 118. (Read 446058 times)
if cryptsy is staking, wont that lower the inflation when the diff goes up?
AND ... Its going to inflate the money supply and make tek worthless. Im not sure what to do here.
Vegas
Vegas
95% POS difficulty come from the is address:
BqRKDoDh9ZDShkee6NDf2LTSALsQ2XRAai
https://blockexperts.com/tek/address/BqRKDoDh9ZDShkee6NDf2LTSALsQ2XRAai
looks like Cryptsy's wallet.
A few things to consider:
If it is indeed Cryptsy's wallet, that means they are making profit off this coin and less likely to delist it in times of low volume.
I'm not defending their actions for sure, but we are vulnerable with only this one exchange. Bittrex seems fickle and would likely delist it in a bear market. It might be better to make a bounty and go for a big Chinese exchange like BTC38. With 2500+ BTC volume/day and lots of new eyes, TEK might do better there. JMHO.
One more thing: The higher the difficulty, the less coins are issued, which means every coin is more valuable. So in the end, your overall wealth may be the same regardless. If you consolidate your blocks, you should stake before Cryptsy with its many small blocks. At least that's what I've noticed. Even at .003+, my big blocks stake almost immediately.
They do stake immediately, but the number of blocks in that big wallet staking every min is what making the PoS difficulty go so high.
95% POS difficulty come from the is address:
BqRKDoDh9ZDShkee6NDf2LTSALsQ2XRAai
https://blockexperts.com/tek/address/BqRKDoDh9ZDShkee6NDf2LTSALsQ2XRAai
looks like Cryptsy's wallet.
A few things to consider:
If it is indeed Cryptsy's wallet, that means they are making profit off this coin and less likely to delist it in times of low volume.
I'm not defending their actions for sure, but we are vulnerable with only this one exchange. Bittrex seems fickle and would likely delist it in a bear market. It might be better to make a bounty and go for a big Chinese exchange like BTC38. With 2500+ BTC volume/day and lots of new eyes, TEK might do better there. JMHO.
One more thing: The higher the difficulty, the less coins are issued, which means every coin is more valuable. So in the end, your overall wealth may be the same regardless. If you consolidate your blocks, you should stake before Cryptsy with its many small blocks. At least that's what I've noticed. Even at .003+, my big blocks stake almost immediately.
yes, just take your coins out from Cryptsy, that will reset the wallet.
They should not be staking and dumping on the buy order.
Unless they are buying the coin for themselves like anyone else.
They should not be staking and dumping on the buy order.
Unless they are buying the coin for themselves like anyone else.
ya and they are getting almost all the blocks. I know Bittrex dont stake wallets, but I didnt know cryptsy did. Thats VERY unethical.
Vegas
Vegas
That's why i do not keep any staking coins on Cryptsy. I only deposit what I want to sell.
IF we can somehow confirm this is the cryptsy wallet (compare balances?).. then we can speak our mind to either the top dog or VERY high up exec email is [email protected] . But first how can we confirm its cryptsy wallet? Maybe make a transaction with tek to cryptsy and see if it shows on that wallet? This needs to stop because its screwing everyone. A gigantic wallet like that is getting over 90% of the stakes!!
Vegas
you used all Small block staking every day 24/7 ( One minute per block ，one day only 60x24 =1440 blocks)
if you like have staking every day let's Ok， Please combine your block bigger let other people can staking some
if all people cannot staking waht them want the proportion . Them will be give up soon
( we have alot people is staking one time a Month holding not selling )
Thanks you
People.. Just take your coins out of Cryptsys wallet for 5-10 min and then put them back to Cryptsy and open your TEK sell orders back at the same price they were opened before// It should reset coins age at Cryptsy wallet.. we will see if it helps
ya and they are getting almost all the blocks. I know Bittrex dont stake wallets, but I didnt know cryptsy did. Thats VERY unethical.
Vegas
Vegas
That's why i do not keep any staking coins on Cryptsy. I only deposit what I want to sell.
IF we can somehow confirm this is the cryptsy wallet (compare balances?).. then we can speak our mind to either the top dog or VERY high up exec email is [email protected] . But first how can we confirm its cryptsy wallet? Maybe make a transaction with tek to cryptsy and see if it shows on that wallet? This needs to stop because its screwing everyone. A gigantic wallet like that is getting over 90% of the stakes!!
Vegas
you used all Small block staking every day 24/7 ( One minute per block ，one day only 60x24 =1440 blocks)
if you like have staking every day let's Ok， Please combine your block bigger let other people can staking some
if all people cannot staking waht them want the proportion . Them will be give up soon
( we have alot people is staking one time a Month holding not selling )
Thanks you
ya and they are getting almost all the blocks. I know Bittrex dont stake wallets, but I didnt know cryptsy did. Thats VERY unethical.
Vegas
Vegas
That's why i do not keep any staking coins on Cryptsy. I only deposit what I want to sell.
IF we can somehow confirm this is the cryptsy wallet (compare balances?).. then we can speak our mind to either the top dog or VERY high up exec email is [email protected] . But first how can we confirm its cryptsy wallet? Maybe make a transaction with tek to cryptsy and see if it shows on that wallet? This needs to stop because its screwing everyone. A gigantic wallet like that is getting over 90% of the stakes!!
Vegas
ya and they are getting almost all the blocks. I know Bittrex dont stake wallets, but I didnt know cryptsy did. Thats VERY unethical.
Vegas
Vegas
That's why i do not keep any staking coins on Cryptsy. I only deposit what I want to sell.
ya and they are getting almost all the blocks. I know Bittrex dont stake wallets, but I didnt know cryptsy did. Thats VERY unethical.
Vegas
Vegas
Will pos diff back to .0000x or not? 
That's the million dollar question.
TEK seems to be gaining in popularity, as the rise in price and POS difficulty (+0.003 for the last month) tends to confirm this.
Actually, I think we are in a secular bull market for all mature coins due to global economic turmoil, rising interest from Asia, and people growing weary of the quantity and quality of new alt coins.
Here are the current diffs of other popular POS coins:
CAP -0.00734, HBN - 0.008062, NVC - 1.74142375.
So if you ask me, I would guess no, the difficulty will not go down as long as price grows.
There is a point in time -- and I've not figured out when -- when compounding wins over waiting for low POS diff. I going to guess around 0.003 diff, but it would be neat if someone did the math.
Anyway, you should adjust your strategy accordingly. Good luck.
Here some other POS coins diff:
HYP - 69.963282 TRK - 1.880367
So what do you think guys, I can get my stake now with 0.00x or I need to wait for 0.0000x? Another million dollar question.
BqRKDoDh9ZDShkee6NDf2LTSALsQ2XRAai
https://blockexperts.com/tek/address/BqRKDoDh9ZDShkee6NDf2LTSALsQ2XRAai
looks like Cryptsy's wallet.
Will pos diff back to .0000x or not?
That's the million dollar question.
TEK seems to be gaining in popularity, as the rise in price and POS difficulty (+0.003 for the last month) tends to confirm this.
Actually, I think we are in a secular bull market for all mature coins due to global economic turmoil, rising interest from Asia, and people growing weary of the quantity and quality of new alt coins.
Here are the current diffs of other popular POS coins:
CAP -0.00734, HBN - 0.008062, NVC - 1.74142375.
So if you ask me, I would guess no, the difficulty will not go down as long as price grows.
There is a point in time -- and I've not figured out when -- when compounding wins over waiting for low POS diff. I going to guess around 0.003 diff, but it would be neat if someone did the math.
Anyway, you should adjust your strategy accordingly. Good luck.
Here some other POS coins diff:
HYP - 69.963282 TRK - 1.880367
So what do you think guys, I can get my stake now with 0.00x or I need to wait for 0.0000x? Another million dollar question.
BqRKDoDh9ZDShkee6NDf2LTSALsQ2XRAai
https://blockexperts.com/tek/address/BqRKDoDh9ZDShkee6NDf2LTSALsQ2XRAai
Will pos diff back to .0000x or not?
That's the million dollar question.
TEK seems to be gaining in popularity, as the rise in price and POS difficulty (+0.003 for the last month) tends to confirm this.
Actually, I think we are in a secular bull market for all mature coins due to global economic turmoil, rising interest from Asia, and people growing weary of the quantity and quality of new alt coins.
Here are the current diffs of other popular POS coins:
CAP -0.00734, HBN - 0.008062, NVC - 1.74142375.
So if you ask me, I would guess no, the difficulty will not go down as long as price grows.
There is a point in time -- and I've not figured out when -- when compounding wins over waiting for low POS diff. I going to guess around 0.003 diff, but it would be neat if someone did the math.
Anyway, you should adjust your strategy accordingly. Good luck.
Here some other POS coins diff:
HYP - 69.963282 TRK - 1.880367
So what do you think guys, I can get my stake now with 0.00x or I need to wait for 0.0000x? Another million dollar question.
It would be nice to get it on Bittrex. They have pretty good overall volume.
TEK is traded only on the two exchanges and one of them is closed (Comkort). We need more exchanges. Now you can vote here https://www.cryptopia.co.nz/Home/Voting
My last 3 staked blocks averaged 198.5893% APY with an average compound APY of 528.7466%. That's nothing to sneeze at, but it's a far cry from the numbers I saw in May of 2014(517.7730%/7410.0333%).
So basically you get about the same now by holding all year as you got by selling off your monthly interest in 2014 and only holding the principle...or at least you would if exchange rates had remained the same rather than declined. The good news is that the constricted supply should continue to lead to higher exchange rates.
So basically you get about the same now by holding all year as you got by selling off your monthly interest in 2014 and only holding the principle...or at least you would if exchange rates had remained the same rather than declined. The good news is that the constricted supply should continue to lead to higher exchange rates.
Will pos diff back to .0000x or not?
That's the million dollar question.
TEK seems to be gaining in popularity, as the rise in price and POS difficulty (+0.003 for the last month) tends to confirm this.
Actually, I think we are in a secular bull market for all mature coins due to global economic turmoil, rising interest from Asia, and people growing weary of the quantity and quality of new alt coins.
Here are the current diffs of other popular POS coins:
CAP -0.00734, HBN - 0.008062, NVC - 1.74142375.
So if you ask me, I would guess no, the difficulty will not go down as long as price grows.
There is a point in time -- and I've not figured out when -- when compounding wins over waiting for low POS diff. I going to guess around 0.003 diff, but it would be neat if someone did the math.
Anyway, you should adjust your strategy accordingly. Good luck.
Will pos diff back to .0000x or not?
Ouch, I feel bad for ya. I'm hatin' it after 48, since the day I got 38.9%. You snoozed there.
That's what I want to know, i haven't staked in 68 days.
stake it up 
pos diff is back to .0000x now and paying 40%
Maybe I'm just being a jerk, which if that is the case I apologize in advance for not understanding, But shouldn't these resets be scheduled so that it does not only benefit the few who know its going to happen?pos diff is back to .0000x now and paying 40%
I don't want to be a troll, this is my primary coin and I don't want to do anything to hurt it. I just believe fairness will benefit the coin.
Feel free to delete this if I am off base. Again I am I strong supporter.
What resets? The difficulty going down? It is governed by statistics and the number of stakes being mined per second.
Easy mistake to make. TEK uses a style of inflation control derived from NovaCoin that reduces the % stake reward as difficulty goes up. If difficulty goes down then the rate will go up. Other coins typically don't have the stake rate change on the fly like this, so maybe thats where the misunderstanding comes from. tek.presstab.pw will show graphs of diff and annual stake rate. You can see they move opposite.
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