Topic: [XRA] RateCoin | PoS | Unique Generous Rewards | Low Supply Inflation - page 29. (Read 75141 times)
July 24, 2015, 04:35:43 PM
I'm ready for trading to resume, boring afternoon on bittrex
July 24, 2015, 04:35:01 PM
Bittrex wallet is now open for withdrawals 
Market still offline though
Market still offline though
Any answers on why it was offline yet?
July 24, 2015, 03:57:20 PM
Bittrex wallet is now open for withdrawals
Market still offline though
Market still offline though
July 24, 2015, 01:01:36 PM
Presstab will tell us what's up soon enough, until then I'm not insinuating stuff anymore 
July 24, 2015, 12:55:40 PM
make sure the iptables allows out going ports.
July 24, 2015, 12:45:29 PM
Why is bittrex wallet disabled?
I think the orig seed nodes just expired. New wallets aren't connecting to network, existing wallets are running without problems...
But that's just me guessing.
There are 68 connections currently and the network looks strong. If new wallets cannot connect then connections would have dropped a lot. Lots of 2.0.0.2 connected on the network.
I was just guessing. When I try to setup a newly downloaded wallet on a vps (tried both linux and windows wallet) it doesn't connect... Still doesn't... And the guessing continues
July 24, 2015, 12:28:14 PM
bittrex's XRA wallet shows 7 connections, but they are showing 47 blocks behind my wallet
Then in the Active notices at the very bottom it says they disabled it, so idk what their issue might be.
Then in the Active notices at the very bottom it says they disabled it, so idk what their issue might be.
July 24, 2015, 11:35:54 AM
Man, whats wrong with trex? Wallet disabled and I cannot trade. Bad thing!
July 24, 2015, 11:23:12 AM
Their wallet shows 7 active connections atm
Whose wallet?
July 24, 2015, 11:22:12 AM
Their wallet shows 7 active connections atm
July 24, 2015, 11:15:16 AM
Why is bittrex wallet disabled?
I think the orig seed nodes just expired. New wallets aren't connecting to network, existing wallets are running without problems...
But that's just me guessing.
There are 68 connections currently and the network looks strong. If new wallets cannot connect then connections would have dropped a lot. Lots of 2.0.0.2 connected on the network.
July 24, 2015, 11:15:13 AM
A lot of buying XRA going on this morning on Bittrex. Some big sell walls but it could bust through those if more people come in and scoop this thing up while it's still pretty cheap.
I think the orig seed nodes just expired. New wallets aren't connecting to network, existing wallets are running without problems...
But that's just me guessing.
Yea hopefully they get them back up an online again soon. Frustrating for those that want to trade.
Why is bittrex wallet disabled?
I think the orig seed nodes just expired. New wallets aren't connecting to network, existing wallets are running without problems...
But that's just me guessing.
Yea hopefully they get them back up an online again soon. Frustrating for those that want to trade.
July 24, 2015, 11:08:27 AM
Why is bittrex wallet disabled?
I think the orig seed nodes just expired. New wallets aren't connecting to network, existing wallets are running without problems...
But that's just me guessing.
July 24, 2015, 10:26:30 AM
They say I broke the network
July 24, 2015, 10:18:06 AM
Why is bittrex wallet disabled?
July 24, 2015, 10:01:41 AM
could see panic buying when it returns
July 24, 2015, 09:44:52 AM
Diff is VERY VERY high right now. Thats not a bad thing. It just means there is ALOT of people staking. Also it keeps inflation down. So if your not getting anything, this is expected until your coin blocks gain weight. You can also try larger block sizes such as 7000-10,000. It might help.
"proof-of-stake" : 5.38242170
"proof-of-stake" : 5.38242170
July 24, 2015, 09:38:36 AM
What is the target price for this coin? I havent been able to buy much. price rising too fast.
500-600 soon my guess.
July 24, 2015, 09:19:43 AM
Confused here, the initial post states that the minimum block reward is 100XRA. Is this also the maximum? Seeing by the blockchain, I see that I set my blocks way too high if that is the case.
Yes there is no maximum reward for XRA. Set you blocks accordingly. Right now I think best strategy is setting low blocks and letting them accumulate weight over time.
Thank you for the response presstab. What is confusing me is the blockchain and the minted amount of coins. For example:
Block Height: 113597
Stake Input: 5,426.80
Age: 8.66 Days
Weight: 46,103
Minted: 100.00
Annual PoS Rate: 77.67 %
Money Supply: 74,637,228
In this example he is staking (please correct me if I am wrong) a block of 5426.80XRA correct? Since the age is 8.66 days, according to the chart this would fall in the 5.0625% area since it is over 8 days:
else if(nAge > nTimeDay * 16)
nRewardCoinYear = 5.0625 * CENT;
else if(nAge > nTimeDay *
nRewardCoinYear = 3.375 * CENT;
The 5426.80 block of XRA should have earned 5.0625% or 274.73175 XRA, however it shows that only 100.00 XRA was minted. This is was made me think that the 100 XRA was max as well since it should be well over that amount considering the age of the block. What am I missing?
Sorry it can be a bit confusing. That 5.0625 is an annual rate, which is the standard way to quote a rate for PoS coins. So you would take that 5.06 and divide by 365 and then multiply by 8.66 days to get the rate. So that would come out to around 6.51 reward, hence it hits the min stake of 100 instead.
Ahh, gotcha! Thanks, that clears up a lot. When it stated minimum stake of 100XRA I believed it to mean that your block would not stake until your percentage at that time was able to produce at least a 100 XRA block. I didn't realize that a block of 10 XRA had the ability to produce a 100 block if it was lucky enough.
Since I hold HYP, seeing smaller percentages threw me off, thinking that 1% was for just 1.5 days of staking. Thanks for the explanation. Now to get these blocks MUCH smaller.
July 24, 2015, 08:19:26 AM
I wish I had proposed this idea before the hard fork, but I haven't been here since the beginning. I was thinking about it, and having the annual interest increase the longer you hold your coins is an interesting twist and encourages holding long term. However, if no one is staking because they are building up coin age, it wouldn't have made for a very healthy or secure network. So, a 100 coin minimum reward was wisely included.
The only problem is that now the increasing interest rate is pretty pointless. Clearly having many small blocks of coins and consistently staking is going to yield far greater rewards. How about if you hold your coins for a full year, 365 days, you earn a whopping 100% and double your coins? To me this would be the perfect balance between rewarding consistent staking and rewarding long term holding. The consistent stakers will keep the network chugging along and pull in a steady stream of 100 coin rewards, but someone who commits to holding for a long time can potentially earn more. If they can't make it the whole year, the lower rate increase is like a consolation prize. It would be the best of both worlds, secure network and juicy rewards for committing to holding long term and keeping your coins off the market.
This would mean another hard fork which would be silly to do so soon after it just had one, but if people liked the idea and wanted it included, Presstab could just commit to doing it at some point in the next year and people can start saving up coin age immediately. For now all that would be required is a little note on the ANN explaining that fact.
The only problem is that now the increasing interest rate is pretty pointless. Clearly having many small blocks of coins and consistently staking is going to yield far greater rewards. How about if you hold your coins for a full year, 365 days, you earn a whopping 100% and double your coins? To me this would be the perfect balance between rewarding consistent staking and rewarding long term holding. The consistent stakers will keep the network chugging along and pull in a steady stream of 100 coin rewards, but someone who commits to holding for a long time can potentially earn more. If they can't make it the whole year, the lower rate increase is like a consolation prize. It would be the best of both worlds, secure network and juicy rewards for committing to holding long term and keeping your coins off the market.
This would mean another hard fork which would be silly to do so soon after it just had one, but if people liked the idea and wanted it included, Presstab could just commit to doing it at some point in the next year and people can start saving up coin age immediately. For now all that would be required is a little note on the ANN explaining that fact.
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