Bitcoin Forum

2015 New Year Resolution Declaration

Educate myself on Proof of Stake Alt-coins with the aim of promoting, collecting and growing the total quantity of POS coins held in my personal wallets and explore any other aspects that may be of associated interest.

Why this thread
Produce a structure and control to achieve the resolution above. Monitor my progress throughout one year.

Don’t invest anything you can’t afford to lose and understand your exposure to the potential losses that may happen. I do not advise anyone to repeat this experiment but I hope some may find this thread food for thought in the future.

Additional coins will be accumulated through trading, mining and proof of stake minting. (Only 50% of minted coins will be traded from my primary wallets)

Reserved for Progress reports

Day 001 - Starting Position for POS Coin wallets (Total coins 804224)

Hyperstake (HYP)  54822,Tekcoin (Tek)   3735, Bottlecaps (CAP)  5278, Truckcoin (TRK)  33823, Growthcoin  (GRW)- 138426 + 18304, Hobonickel  (HBN) 2779.95, Battlecoin (BCX) 16937, Philospherstone (PHS) 6495, Mintcoin (MINT) 523625.

Will search out any other alt-coin wallets I have and will post if applicable or transfer to exchanges

Only  0.15547587 btc equivalent held on exchanges, BTC 1.25 in paper wallets & 20 CLAMS.

The above has been accumulated from 1 cpu i7, 2x hd7950 and 1 butterfly labs 5GhZ bitcoin miner.
Losses have previously been generated with investments and exchanges that no longer exist and alt-coins that have died.

Sorry to be this guy but its 2015 dude - your first mistake of the year ;) !

I hate to say it but most new year's resolutions are broken within a week. Especially the one about going on a diet.  :)

Thanks. I have had a good celebratory drink and thats my 1st hiccup of 2015

Day 002 - PHS (6.58) ,Truk (1.7) and HBN (7.3)

Ran 3 wallets and they minted the above. Trying to keep up to date with all these wallets may become time consuming on a daily basis.
Need to automate my wallets so they can load and unload automatically will have to investigate task scheduling in windows to see if this can be used.
Some type of rota will have to be organized to allow maximum minting for each wallet based on there staking times, will also consider moving all coins to the same address so monitoring of wallet amounts can be done via the block explorers rather than loading each wallet and checking the totals.

Are there potential security risks?, what do other members suggest as alternatives.Should I reduce the selection of alt-coins ?

you want POS?  there's NXT.. and to a point BTS.  those two have huge potential as both have awesome people behind them.

You are missing the two highest staking coins, MMXIV and BALLS

I suggest MMXIV. Link in sig

Just found that i have the NXT 0.8.7 client downloaded , so may have a small amount will have to investigate.


Thank you , Just putting 'List of POS coins' on my To Do list, but 1st I need to assess what i have, my roaming directory suggest another 25+ alt-coin wallets which may have some coins or value.

Here is my website dedicated to High pos coins, and I even post wallet updates to high pos coins within an hour of release. Enjoy, and subscribe to get email about high pos coins.

www.bitcoinlasvegas.net (http://www.bitcoinlasvegas.net)

Vegas

God! I think you should install the latest client, because you will be on a fork. The one you got is very old in the Nxt world. Nxt evolves at lightning speed compare to bitcoin.

You can get it there:
https://nxtforum.org/nrs-releases/

Cool thread. I look forward to following your progress. My portfolio of PoS coins is pretty similar to yours  ;)

+1


MMXIV seems to be turning into one of my best ever pos investments.

Day 003- GRW (8.7) and HBN (6.6)

Only had time for 2 wallets today, unexpected guest's arrived so 'Time' is definitely my biggest restrictions.
Thank you for the additional links in the previous post, will definitely look into these in more detail,more tasks being added to my ever increasing To DO list.

Day 004 - Using scheduled tasks for loading/unloading main POS wallets.
              HYP (1000 [from block with 3000 coins]) PHS (7.6) GRW (5681.4 [99% of all coins staked from main wallet address]) TRK (1.8 ) HBN (1.6)


Have tested using scheduled tasks in windows for loading and unloading my main POS Wallets.
This should at least keep the block chains relatively up to date and allow each wallet to stake during the week.
Loading 1 wallet per day, running for a maximum of 3 days before unloading, so should have a maximum of 3 wallets running at 1 time
Will monitor for 2 weeks and adjust schedule due to the stake rates and block dates.

(Will probably unload GRW main wallet due to the amount of successful staking today.Will run secondary wallet instead)

Interested in this and following, I love Proof of Stake.

Interesting, will follow.

An alternative to deal with all the different wallets, you could try https://www.stakemybit.com (PoS pool).

If you are looking for another interesting coin, I recommend to check out Magi (PoS+PoW) with optimized PoS.

https://bitcointalk.org/index.php?topic=735170.0

Try BitShares dude, they're the highest CAP (D)POS for a reason.
It seems you've figured out POS has a decent chance of replacing POW this year, well done.

The BitShares train will be leaving the station in a month with their 1.0 launch, everything is being revamped atm but here's a little teaser, get on board!

https://m.youtube.com/watch?feature=youtu.be&v=fnunXnLdJdw

Here's some video tutorials for setting up a wallet

https://bitsharestalk.org/index.php?topic=12853.0

Thank you, I do like the idea of the PoS pools, and having a quick look at the link above could be useful for some coins.
Maybe tempted to put some clams as a test mainly because the only alternative is just-dice and I've already gambled and lost having fun their.
So another task added 'Investigate POS pools' - Is this the future bank.

With regards to expanding into different POS coins I still need to prepare a list then decide on my selection criteria and reasons supporting my choices.

Previously the method of selection was simple :Mine ASAP then Trade or Keep.

Now its more Invest and hope in the community and developers of the coin.

This is the reason why I stated 'promoting, collecting and growing' in my 2015 new year resolution. Marketing of any POS coin in the long term will determine
if the coin has real value. Steady on-going development to support the network/wallet will be required for confidence for marketing investment growth.

I can support the networks by running the wallets and help securing the block chains.
Can I do more ? Am I prepared to do more?  Determine my Goals!

Day 005- HYP (1000) , TRK (1.2) GRW (31.06)

I deposited some different coins, looking at it as some kind of investment. More or less, deposit and forget (for a while) without the need of having lots of wallets installed. With the total amount of coins there, you should get more than staking alone.

Day 006 - Are any Alt-coin wallets safe including Paper Wallets.
              HYP (1000) CAP (117) HBN (10) TRK (5)

Just started looking at my old wallets that have been stored on an old P4 PC which is kept isolated from the internet, so I thought my coins would be very secure.
So I copied my MRC wallet back to my main computer and went to the MRC thread to locate the latest POW wallet only to discover that it has now evolved into MRC2.0 a pure POS coin.
I ;D then realized that I had missed the exchange period which ended in October 2014 :( which was only open for a very limited period. :'(
The MRC network no longer exists and the unclaimed coins created for the exchange to MRC2 have been destroyed.

Good luck with MRC2.

Examine each main Alt-coin thread on a weekly basis if you have an investment.

He won't forge NXT with these investments. Maybe after leasing out his balance, just maybe.

Cool thread, definitely following.

About new years resolutions, it's a silly thing people make them and they are usually insanely hard, "I will hit the gym 4 days/week every week" and then they get sick, or go on vacation and don't go to the gym for a week, or are swamped at work and are like meh well, I failed, and eventually quit.

Day 007 - TRK (6.94) HBN (15.33)
Day 008 - HYP (1000) TRK (41.47) PHS (16.8 )
Day 009 - HYP (2000) TRK (538.96)
Day 010 - TEK(33.33) CAP (60.52) GRW (6) PHS (20.73)

That's the coins I minted for the last 4 days , having a feast on Hyperstake with 3K minted in total.

Checked out the hyperstake thread and found 'BLOCKS LESS THAN 2000 HYP WILL TAKE MUCH LONGER TO STAKE BECAUSE OF HIGH DIFFICULTY'.
Well I have 7 blocks at 3.4K and 3 blocks at 3K with the oldest 3K block dated 14-12-10, nearly 30 days old, so I've decided to increase my block size to 6-7K from now on, aiming for 10-11 blocks in total.

GRW has also been added on to askcoin.net  since December 23 but has hardly any volume, will transfer some coins to see if the market is viable and show support for the coin.

Additional hardware: 2nd PC win8 minimal specification celeron 2.6 Ghz bought

Running six wallets , 3 on each machine with task management , believe this should allow a total of 14 Potential Alt-coins to be managed with ease.

Hi, thanks for the support, I got 355 days to go.

Do you have any advice for staking hardware to invest into?

I can do some DIY with pc's if needed, but nothing too technical.

Preferably pretty low budget if possible.