[XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 466.

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: ForReal on August 27, 2014, 05:48:26 PM

Can someone explain the relationship between "your weight" and the "network weight" for XC ?

Also can someone explain why 50-500 is the best amount for staking ?

I see that many big wallet just stake 50k plus coins in one address. And some articles suggest that more coins generate more weight and therefore shorten the time before reward.

Can someone explain why ?

I look at it like solo mining. Your weight is your mining rig's hash rate. Network weight is like difficulty. Even though it says that your expected reward is in xxx minutes, it can still take longer than that. There is still variance just like mining.

For example, you are solo mining a coin and the calculator says that you should find a block in 3 days. But because of variance, you have a 99.99% chance of finding one in 30 days. Over the long run your average will be one block every three days.

laredo7mm

hero member

Activity: 1498

Merit: 537

Quote from: Mountaingoat on August 27, 2014, 06:54:25 PM

Quote from: CryptoGretzky on August 27, 2014, 05:44:10 PM

Quote from: Mountaingoat on August 27, 2014, 05:41:17 PM

Why is the thread so inactive today?

Come on people do something.
*Pokes with stick*

Last days of summer. Probably out enjoying themselves. Wink

You mean vacation right? I still have vacation until next week.

Quote from: nanoprobe on August 27, 2014, 05:48:05 PM

Quote from: CryptoGretzky on August 27, 2014, 05:44:10 PM

Quote from: Mountaingoat on August 27, 2014, 05:41:17 PM

Why is the thread so inactive today?

Come on people do something.
*Pokes with stick*

Last days of summer. Probably out enjoying themselves. Wink

Yep! Huge holiday weekend in US starts Friday afternoon through Monday.

What holiday?

Labor Day

Mountaingoat

hero member

Activity: 714

Merit: 500

Quote from: CryptoGretzky on August 27, 2014, 05:44:10 PM

Quote from: Mountaingoat on August 27, 2014, 05:41:17 PM

Why is the thread so inactive today?

Come on people do something.
*Pokes with stick*

Last days of summer. Probably out enjoying themselves. Wink

You mean vacation right? I still have vacation until next week.

Quote from: nanoprobe on August 27, 2014, 05:48:05 PM

Quote from: CryptoGretzky on August 27, 2014, 05:44:10 PM

Quote from: Mountaingoat on August 27, 2014, 05:41:17 PM

Why is the thread so inactive today?

Come on people do something.
*Pokes with stick*

Last days of summer. Probably out enjoying themselves. Wink

Yep! Huge holiday weekend in US starts Friday afternoon through Monday.

What holiday?

dadon

legendary

Activity: 1190

Merit: 1002

Pecvniate obedivnt omnia.

Quote from: kewlya on August 27, 2014, 06:24:04 PM

Quote from: dadon on August 27, 2014, 06:02:15 PM

Quote from: ForReal on August 27, 2014, 05:48:26 PM

Can someone explain the relationship between "your weight" and the "network weight" for XC ?

Also can someone explain why 50-500 is the best amount for staking ?

I see that many big wallet just stake 50k plus coins in one address. And some articles suggest that more coins generate more weight and therefore shorten the time before reward.

Can someone explain why ?

Because it's random and the more wallets you have the better chance you have of staking? could be wrong.

stake is 3.3% per year. that the amount you gonna get for 1 year of staking, its only random the times and amounts when you get them. from this point of view it doesnt matter the amount you stake in 1 wallet, you will get 3.3% interest for it in 1 year.

I relise it's 3.33% per year and i also relise it doesn't matter if you have one wallet with a larger amount or 7 with smaller because it's 3.33% of your total but the stakes are random so if you split them up you have a better chance of getting more frequent stakes,it just makes sense it's better odds, but anyways i said i could be wrong.

CryptoGretzky

sr. member

Activity: 322

Merit: 250

Quote from: kewlya on August 27, 2014, 06:24:04 PM

Quote from: dadon on August 27, 2014, 06:02:15 PM

Quote from: ForReal on August 27, 2014, 05:48:26 PM

Can someone explain the relationship between "your weight" and the "network weight" for XC ?

Also can someone explain why 50-500 is the best amount for staking ?

I see that many big wallet just stake 50k plus coins in one address. And some articles suggest that more coins generate more weight and therefore shorten the time before reward.

Can someone explain why ?

Because it's random and the more wallets you have the better chance you have of staking? could be wrong.

stake is 3.3% per year. that the amount you gonna get for 1 year of staking, its only random the times and amounts when you get them. from this point of view it doesnt matter the amount you stake in 1 wallet, you will get 3.3% interest for it in 1 year.

The benefits of having it in smaller chunks is that you can still move coins around without worrying about resetting the clock when you do need to move coins.

kewlya

full member

Activity: 150

Merit: 100

Quote from: dadon on August 27, 2014, 06:02:15 PM

Quote from: ForReal on August 27, 2014, 05:48:26 PM

Can someone explain the relationship between "your weight" and the "network weight" for XC ?

Also can someone explain why 50-500 is the best amount for staking ?

I see that many big wallet just stake 50k plus coins in one address. And some articles suggest that more coins generate more weight and therefore shorten the time before reward.

Can someone explain why ?

Because it's random and the more wallets you have the better chance you have of staking? could be wrong.

stake is 3.3% per year. that the amount you gonna get for 1 year of staking, its only random the times and amounts when you get them. from this point of view it doesnt matter the amount you stake in 1 wallet, you will get 3.3% interest for it in 1 year.

dadon

legendary

Activity: 1190

Merit: 1002

Pecvniate obedivnt omnia.

Quote from: ForReal on August 27, 2014, 05:48:26 PM

Can someone explain the relationship between "your weight" and the "network weight" for XC ?

Also can someone explain why 50-500 is the best amount for staking ?

I see that many big wallet just stake 50k plus coins in one address. And some articles suggest that more coins generate more weight and therefore shorten the time before reward.

Can someone explain why ?

Because it's random and the more wallets you have the better chance you have of staking? could be wrong.

ForReal

member

Activity: 87

Merit: 10

Can someone explain the relationship between "your weight" and the "network weight" for XC ?

Also can someone explain why 50-500 is the best amount for staking ?

I see that many big wallet just stake 50k plus coins in one address. And some articles suggest that more coins generate more weight and therefore shorten the time before reward.

Can someone explain why ?

nanoprobe

legendary

Activity: 980

Merit: 1000

Traveling in subspace

Quote from: CryptoGretzky on August 27, 2014, 05:44:10 PM

Quote from: Mountaingoat on August 27, 2014, 05:41:17 PM

Why is the thread so inactive today?

Come on people do something.
*Pokes with stick*

Last days of summer. Probably out enjoying themselves. Wink

Yep! Huge holiday weekend in US starts Friday afternoon through Monday.

CryptoGretzky

sr. member

Activity: 322

Merit: 250

Quote from: Mountaingoat on August 27, 2014, 05:41:17 PM

Why is the thread so inactive today?

Come on people do something.
*Pokes with stick*

Last days of summer. Probably out enjoying themselves. Wink

sugarboy321

sr. member

Activity: 361

Merit: 250

So max number of XC coin is 33,000,000 coins?

I also am seeing signs of Generation one altcoins are dying.

Mountaingoat

hero member

Activity: 714

Merit: 500

Why is the thread so inactive today?

Come on people do something.
*Pokes with stick*

akula999

hero member

Activity: 509

Merit: 500

I think it's time to clean up brand names. Example:
http://www.xcurrency.info/

Mountaingoat

hero member

Activity: 714

Merit: 500

Indeed.

Artoodeetoo

hero member

Activity: 518

Merit: 500

And generated some volume Wink

Mountaingoat

hero member

Activity: 714

Merit: 500

Quote from: Artoodeetoo on August 27, 2014, 04:30:29 PM

Interesting 7k sell wall disappears as Muppets sold into whales buy orders, then bang he takes out 10k on the ask... Interesting

I actually sold some at 155k and bought back at 152k, so I made a little bit of profit.

Artoodeetoo

hero member

Activity: 518

Merit: 500

Interesting 7k sell wall disappears as Muppets sold into whales buy orders, then bang he takes out 10k on the ask... Interesting

Artoodeetoo

hero member

Activity: 518

Merit: 500

Ps hope Dan had a good break and is ready to rock and roller!

Artoodeetoo

hero member

Activity: 518

Merit: 500

Amazing a coin like ours has been without a pool. Good work guys.

the_game1224

sr. member

Activity: 252

Merit: 250

Quote from: Teka on August 27, 2014, 01:38:54 PM

THE XC DAILY UPDATE:

* New Multi-pool is in the works and should be open for testing by Sunday Night (This what I was teasing earlier)

* Minor REV2 Update available for download - http://downloads.xc-official.com/testing/XCurrency_2.48a_RC1.exe
- this minor update includes a status update for private transactions
- start up splash image updated

http://xctalk.com/index.php?/topic/168-the-xc-daily-update/#entry1178

Great news! A new multi-pool has been in high demand by the community and will definitely help with buy pressure.

Topic: [XC][XCurrency] Decentralised Trustless Privacy Platform / Encrypted XChat / Pos - page 466. (Read 1484191 times)