[YAC] Stake question | Bitcointalksearch.org

larem

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Quote from: AndyRossy on June 18, 2013, 10:00:18 AM

For stake generation, any flags in the client which need to be set (on windows)?

Based on a bit more reading, it appears you just run the wellet itself and leave it up. Doesn't appear that there's any way to know if you're doing stake mining or anything though...

AndyRossy

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For stake generation, any flags in the client which need to be set (on windows)?

Joe_Bauers

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GCVMMWH

Quote from: Remember remember the 5th of November on June 18, 2013, 09:11:56 AM

Quote from: larem on June 18, 2013, 09:05:37 AM

Quote from: Sahtor on June 18, 2013, 09:04:29 AM

yacoin-qt can stake just as well as yacoind. The process is completely automatic.

Ahhh, got ya. Thanks,

. So keeping the client open as much as possible is needed... but the only PC I have running 24/7 is my mining one, and based on what I read elsewhere that wouldn't be a good match since staking needs CPU power?

PoS aims to be as power efficient as possible. It is mining, yes, but it's using FAR LESS cycles than regular mining. Basically, you won't even notice it.

Usually less than 5% CPU from what I have seen.

Remember remember the 5th of November

legendary

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Reverse engineer from time to time

Quote from: larem on June 18, 2013, 09:05:37 AM

Quote from: Sahtor on June 18, 2013, 09:04:29 AM

yacoin-qt can stake just as well as yacoind. The process is completely automatic.

Ahhh, got ya. Thanks,

. So keeping the client open as much as possible is needed... but the only PC I have running 24/7 is my mining one, and based on what I read elsewhere that wouldn't be a good match since staking needs CPU power?

PoS aims to be as power efficient as possible. It is mining, yes, but it's using FAR LESS cycles than regular mining. Basically, you won't even notice it.

larem

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Activity: 350

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Quote from: Sahtor on June 18, 2013, 09:04:29 AM

yacoin-qt can stake just as well as yacoind. The process is completely automatic.

Ahhh, got ya. Thanks,

. So keeping the client open as much as possible is needed... but the only PC I have running 24/7 is my mining one, and based on what I read elsewhere that wouldn't be a good match since staking needs CPU power?

Sahtor

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yacoin-qt can stake just as well as yacoind. The process is completely automatic.

larem

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Merit: 250

Quote from: rbdrbd on June 18, 2013, 07:25:36 AM

Quote from: larem on June 18, 2013, 07:10:50 AM

Quote from: rbdrbd on June 18, 2013, 07:07:16 AM

Quote from: larem on June 18, 2013, 07:04:48 AM

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining.

See https://bitcointalksearch.org/topic/ppcoin-proof-of-stake-minting-setup-guide-187714 for more info.

EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake.

This is interesting... are these (PPC's) the same steps we take for YAC as well, or is it different?

YAC gets it's POS implementation from Novacoin, which got it from PPCoin, so yes, those steps should work with YAC (I got my wallet working that way too).

Mmmm, it says to add a bat file where the ppcoind is (or in this case yacoind) but that's not in my QT folder (nor in the zip where YAC is located). Is there something special we have to do here?

Sahtor

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I got my first 1.7% annual stake block generated somewhere around day 35-40. The PoS generation should become easier and bigger until 90 days when you start losing interest. There's still some luck involved or I'd get 5%/12 every month.

rbdrbd

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Quote from: larem on June 18, 2013, 07:10:50 AM

Quote from: rbdrbd on June 18, 2013, 07:07:16 AM

Quote from: larem on June 18, 2013, 07:04:48 AM

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining.

See https://bitcointalksearch.org/topic/ppcoin-proof-of-stake-minting-setup-guide-187714 for more info.

EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake.

This is interesting... are these (PPC's) the same steps we take for YAC as well, or is it different?

YAC gets it's POS implementation from Novacoin, which got it from PPCoin, so yes, those steps should work with YAC (I got my wallet working that way too).

eddyfitz

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Quote from: Remember remember the 5th of November on June 18, 2013, 07:10:08 AM

Quote from: eddyfitz on June 18, 2013, 06:36:54 AM

In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins.
Can anybody say if there are any chances to see current stakes in daemon?
Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but

Code:

./yacoind listtransactions

does not show anything new and balance remains the same

Which is weird, because when PPcoin first came out, I bought 2000 coins, and then had 2 PoS blocks with a value of ~900 coins each, then i had a balance of 3800 coins. That didn't seem like 1 percent to me.

My bad. As rbdrbd noticed - it's clearly 5%/year. not as Novacoin 1-100%/yr nor PPcoin

larem

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Quote from: rbdrbd on June 18, 2013, 07:07:16 AM

Quote from: larem on June 18, 2013, 07:04:48 AM

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining.

See https://bitcointalksearch.org/topic/ppcoin-proof-of-stake-minting-setup-guide-187714 for more info.

EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake.

This is interesting... are these (PPC's) the same steps we take for YAC as well, or is it different?

Remember remember the 5th of November

legendary

Activity: 1862

Merit: 1011

Reverse engineer from time to time

Quote from: eddyfitz on June 18, 2013, 06:36:54 AM

In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins.
Can anybody say if there are any chances to see current stakes in daemon?
Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but

Code:

./yacoind listtransactions

does not show anything new and balance remains the same

Which is weird, because when PPcoin first came out, I bought 2000 coins, and then had 2 PoS blocks with a value of ~900 coins each, then i had a balance of 3800 coins. That didn't seem like 1 percent to me.

eddyfitz

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okay, so when your coins go to "stake" to be held for 520 confirmations - do you see it in "listtransactions" output??

rbdrbd

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Quote from: larem on June 18, 2013, 07:04:48 AM

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining.

See https://bitcointalksearch.org/topic/ppcoin-proof-of-stake-minting-setup-guide-187714 for more info.

EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake.

amytheplanarshift

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Quote from: larem on June 18, 2013, 07:04:48 AM

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It means the POS block that you generate. If your coins are sitting on a pool you will not get the POS because they will be in the pool's wallet and therefore the pool will get the POS coins if they sit there long enough to generate them. You have to keep them in your local wallet for long enough to begin generating POS blocks to get the rewards.

larem

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Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

rbdrbd

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Quote from: eddyfitz on June 18, 2013, 06:36:54 AM

In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins.
Can anybody say if there are any chances to see current stakes in daemon?
Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but

Code:

./yacoind listtransactions

does not show anything new and balance remains the same

From looking at the source, I think it's 5%/yr with YACoin:

https://github.com/yacoin/yacoin/blob/master/src/main.cpp#L1021

amytheplanarshift

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In case anyone is wondering, this is what it looks like in the transaction details:

larem

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Quote from: eddyfitz on June 18, 2013, 06:44:07 AM

somehow yes. I doubt exchange will add proof of stake to your balance Grin

but this was made not for investment but for chain security

lol, anything helps though! Thanks for the heads-up. I just put in my withdrawal request,

.

eddyfitz

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somehow yes. I doubt exchange will add proof of stake to your balance Grin

but this was made not for investment but for chain security

Topic: [YAC] Stake question (Read 1004 times)