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Topic: [XRA] RateCoin | PoS | Unique Generous Rewards | Low Supply Inflation - page 45. (Read 75139 times)

legendary
Activity: 1162
Merit: 1000
Decentralizing Jesus on the Blockchain
guys let us know when to update our daemons or shall the old ones are good so far
legendary
Activity: 1400
Merit: 1001
Undeads.com - P2E Runner Game
Ok so we dont need to change wallets ??

Just getting all the correct info i have the old wallet chugging away so i can just let it cruise as it is ?? correct
full member
Activity: 233
Merit: 100
Great work resurrecting Rate Coin!
hero member
Activity: 750
Merit: 500
guys i have xra coins , now i must download the new wallet , send my coins into it, and then i stake?

sorry for the question Smiley

If you were previously using the old "official" XRA wallet and are transitioning to the new community takeover wallet, they both use the same data directory and the same wallet.dat file.

No sending of coins from old wallet to new wallet, no copying files to a new data directory. Just download the new wallet from this thread's OP and launch it. This all assumes that you're using the same computer, and that your coins were in your personal wallet using the old system. If you had, for example, transferred your coins to an exchange then yes, you will need to transfer them back to your personal wallet in order to stake.
newbie
Activity: 43
Merit: 0
guys i have xra coins , now i must download the new wallet , send my coins into it, and then i stake?

sorry for the question Smiley

would you be able to copy your wallet dat in to the app data directory if your using windows ?
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
guys i have xra coins , now i must download the new wallet , send my coins into it, and then i stake?

sorry for the question Smiley

Nope, your first wallet should work fine for now.
member
Activity: 83
Merit: 10
guys i have xra coins , now i must download the new wallet , send my coins into it, and then i stake?

sorry for the question Smiley
hero member
Activity: 750
Merit: 500
hero member
Activity: 840
Merit: 1000
does the community continue with the same roadmap too or do we go in another direction?
legendary
Activity: 1834
Merit: 1006
That's great, that great people help to fix the problem.

I am further with XRA  Smiley
legendary
Activity: 1330
Merit: 1000
Blockchain Developer
The stake rate calculation appears to be more deep then a simple decimal place error. Will report back once I have some more information for you guys as well as hopefully a fix. Remy_5 has been helpful with this process as well through PM, thank you sir.
full member
Activity: 264
Merit: 100
TEMCO
it's now an entry point? 40 was the starting price right?
legendary
Activity: 1120
Merit: 1000
https://cryptoworld.io
good move, i'm in.
If you need something just let us know.

hero member
Activity: 1194
Merit: 502

I personally like the 30%, not sure what everyone else thinks?  In my opinion what needs to be fixed is the 30 second block time. Bump that up to 2 or 3 minutes and it puts the coin on a long term path to success.

I like the High Rate Coin, but is a my personal opinion. And I like too a fast usable coin .
Why the 30 second block time should be changed?    Just asking.


Remy_5
full member
Activity: 149
Merit: 100
Price seems to already be reacting to the takeover. Exciting times in cryptoland.
newbie
Activity: 43
Merit: 0
alot more interest from people then i originally thought there would be Smiley
hero member
Activity: 840
Merit: 1000
i do not like 30% stake and much prefer something more akin to the real world when it comes to interest rates   ....3% is what I would vote for....as appreciation should come from value of coin not staking. Staking rate should be just high enough to encourage staking and support of the network, not pie in the sky high.

thank you press tab..and good luck
legendary
Activity: 1008
Merit: 1022
Im out. Just dropped in to say hello.
legendary
Activity: 1123
Merit: 1000
SaluS - (SLS)
I like the 30% as well.  

Wallet is up and running, all locked and loaded.

Ready to assist where I can.... well.. you know the drill.

Also, got IRC channel #Ratecoin up and running. Pinging drew to get the tip/game bot setup.


Why dont you just change the daily blockcount to monthly as I am sure it isn't used. Then taper the rewards down by 25% monthly until you get back to the 3%. This example would allow 2 months from the first block to get the changeover.

First 2 months @ 30%
Month 3 @ 22.5%
Month 4 @ 15%
Month 5 @ 7.5%
Month 6 and beyond 3%.

Change

Code:
const int DAILY_BLOCKCOUNT =  2880;
// miner's coin stake reward based on coin age spent (coin-days)
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees)
{
    int64_t nRewardCoinYear;

    nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;

    int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN;


    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}


to


Code:
const int MONTHLY_BLOCKCOUNT =  86400;
// miner's coin stake reward based on coin age spent (coin-days)
int64_t GetProofOfStakeReward(int64_t nCoinAge, int64_t nFees)
{
    int64_t nRewardCoinYear;

    nRewardCoinYear = .1 * MAX_MINT_PROOF_OF_STAKE;

              if(pindexBest->nHeight < (2 * MONTHLY_BLOCKCOUNT))
nRewardCoinYear = MAX_MINT_PROOF_OF_STAKE;
else if(pindexBest->nHeight < (3 * MONTHLY_BLOCKCOUNT))
nRewardCoinYear = .75 * MAX_MINT_PROOF_OF_STAKE;
else if(pindexBest->nHeight < (4 * MONTHLY_BLOCKCOUNT))
nRewardCoinYear = .50 * MAX_MINT_PROOF_OF_STAKE;
else if(pindexBest->nHeight < (5 * MONTHLY_BLOCKCOUNT))
nRewardCoinYear = .25 * MAX_MINT_PROOF_OF_STAKE;


    int64_t nSubsidy = nCoinAge * nRewardCoinYear / 365 / COIN;


    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRId64"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);

    return nSubsidy + nFees;
}


I personally like the 30%, not sure what everyone else thinks?  In my opinion what needs to be fixed is the 30 second block time. Bump that up to 2 or 3 minutes and it puts the coin on a long term path to success.
legendary
Activity: 1008
Merit: 1022
What's the point in reviving it? Coin was a flop in the end. Whoever spends the time working on this coin should just make a new one

Sometimes it's fun just to write 10 seconds of code to solve a problem a dev abandoned his coin over as he couldn't fix.
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