As all the blocks are competing against each other to get one of the 960 stakes a day, I am unable to figure why 1,600 HYP is the optimal size block.
It is optimal under the assumption that you stake every month. Then, the interest you get will be around 1000 HYP, and so not clipped by the max subsidy. If you keep larger blocks, but open your wallet more often, then you can keep larger blocks and still not get your interest capped. If you were to stake after 10 days (so, 1.2 days after the shortest time posssible), you could keep blocks of 4500 or something around that value, since you'll get maybe 20%-25% off that, which is almost 1000. But you get clipped if your block takes a while to stake (and as difficulty gets higher, it tends to go that way). I've set my wallets (I have 2) so that they're constantly open, in the background, so that I never miss the opportunity for staking. That now makes sense. There's going to be people out there who simply don't keep their wallets open. So when someone has a block of 1,600, and opens the wallet again after around 30 days, they'll get around 1,000 HYP in interest, but no more. For people like me who leave it open all the time, that' not going to be an issue. So from this, I can pretty much conclude that if: - You leave your wallet open 24/7 - have a larger block size, to help with your staking weight. - You open your wallet once a month, keep your blocks around 1,600 HYP. |
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Sorry to keep asking questions, and thanks a lot for all the replies  I've just looked at the figures: moneysupply - present : 13162561 moneysupply - 960 blocks ago : 13056462 The difference in the two is 106,099 - so on average, each block is giving out a reward of just 110 HYP. Earlier, you mention that a block is "more and more likely to produce a stake reward, because its weight gets larger." As all the blocks are competing against each other to get one of the 960 stakes a day, I am unable to figure why 1,600 HYP is the optimal size block. For instance, if I had blocks set up in blocks of 4,000 HYP, straight away it would have much more weight than other blocks that matured at the same time. Also, in comparison: 1,600 Block @ 9.8 days = 1,600 weight (reward 7.5/365*9.8*1600=322 HYP) 4,000 Block @ 9.8 days = 4,000 weight (reward 7.5/365*9.8*4000=805 HYP) By 10.8 days 1,600 Block @ 10.8 days = 3,200 weight (reward 7.5/365*10.8*1600=355 HYP) 4,000 Block @ 10.8 days = 8,000 weight (reward 7.5/365*10.8*4000=887 HYP) What I'm saying is, if there's going to be a battle for a share of the 960 stakes every day, then surely it's better to have the largest block weight? Right now, from what you've mentioned, there's no real issue of that happening at the moment, but as more and more blocks are fighting for their reward, isn't a higher weight beneficial, to get you to the "front of the queue"? Cy |
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Site not working,what is this?have someone it problem that?
I've also noted that the site is down - has been for the last 30 minutes or so. It'll come bak online soon I hope |
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Anyone else noticed that it only takes 2BTC of buys to push this up 50 points to 200 SAT? 2BTC of sells only drops this 2 points to 148 SAT I take that back - 2BTC takes the price up to 250 SAT. Gonna be an interesting day |
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Anyone else noticed that it only takes 2BTC of buys to push this up 50 points to 200 SAT? 2BTC of sells only drops this 2 points to 148 SAT |
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Well, let me first start off by clarifying the staking process. Let's say I send 1,600 HYP to my wallet. I will need to let at least 8.8 days pass, and my block will begin "mining" itself, or attempting to stake. Think of this block of 1,600 as a PoW miner whose hash rate is 1,600 multiplied by the amount of time past 8.8 days. So if it is 9.8 days old, my coin weight (or sort of the hash rate equivalent) would be 1,600. If my block is 10.8 days old then the coin weight will be 3200.
As the age grows, it is more and more likely to produce a stake reward, because its weight gets larger. Once the block stakes, the network takes that block of 1,600 and calculates the reward. If it took 10.8 days, then it would be rewarded 7.5/365*10.8=355 HYP. The network takes your 1,600 HYP block and completely destroys it. The network then sends you two blocks of 977.5 (totaling 1955). These two blocks are freshly minted, and as such they have 0 age. You will need to wait another 8.8 days for the coins to start mining themselves again.
There is no reason to use a separate wallet address for any of this process. And if you age your blocks longer, then you are missing out on some compound interest. So the "end of the staking cycle" is when you receive the stake reward and are given two new blocks and the old block is destroyed.
Also I need to point out that if you at anytime transfer coins, it starts over the ageing process.
Thanks for that. So, when the 1,600 HYP stakes, the interest is added to it, and the block is split in 2, and both new blocks are staking again from fresh. So based on that, every 8.8 days (or there abouts) my entire HYP is refreshed into new blocks and stakes from 0 again, essentially the coins never stop earning interest, at the full rate, right? So, when you mention that there's inflation control, other than any coins which are sent before they reach staking, how is HYP limiting inflation? Also, I ran some quick figures - my 60k HYP, if I account for compound interest, will turn into 1.78m within 6 months, and 53 million HYP within a year. Assuming all things are equal, that would mean that at current 500SAT price, the equivalent in BTC (0.3BTC = 60k HYP) in 1 year from now, my 53m HYP would need to reduce to a value of 0.6SAT to be worth the same 0.3 BTC. I feel like I'm missing something very obvious. |
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If you are using a block of 1600 HYP, then on day 30 you would get a stake reward of around 986 HYP. So 30 days is going to be close to maxing out that 1600 HYP block. If you plan on holding blocks that you won't stake for months, then you probably are best off with smaller block sizes.
Hi Presstab, thanks for that clarification. So, assuming that I wanted to keep my blocks at 1,600 HYP for optimal staking, after day 27 (or there abouts) if I moved my 1,600 HYP to a new / different address, will these coins re-start the staking process all over again? Also, how would I identify which coins are close to being at the "end of their staking cycle"? In Coin Control I can see the number of confirmations, would it be the highest coins in here? One other thing, in Coin Control, on both wallets I have, they mention, under "Label", a (change) listing, with an address, that isn't one I recognise. Can you confirm what this is please. Thanks |
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Can someone explain to me, in layman terms, the following:
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
The max 1000 HYP is for the block size Say you set your block size to 20,000 HYP then you will only receive 1000 HYP But if you set it to 1600 size you will receive the max amount of HYP from the stake. You will keep earning stake after 30 days. Thanks for clearing that up..... I was just doing some sum's with regards to my stake - it's crazy how much my coins will grow with compound interest then! I read about inflation control built in here though, so I wasn't sure where this was being "limited". |
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Can someone explain to me, in layman terms, the following:
"Maximum Stake Subsidy - 1,000 HYP"
Am I right in thinking that every block of 1,600 HYP I've split up, will only generate a maximum of 1,000 HYP as interest?
If so, then my blocks of 1,600 will stop earning me interest in around 30 days or so..... I can't believe that's right, is it?
If it is, then what's to stop me transferring the coins to another wallet after they've reached the 1,000 subsidy limit?
Cheers
Cy
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Looks like someone is in a hurry to buy a lot of HYP, both exchanges got a good spike.
Close to 0.5BTC in trade, always good to see figures like that here! Keep up the good work guys |
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We are compiling the final Windows v 3.0 release as we speak. We have ran it through several tests over the last 20 hours. We mined on all 5 algos for 12 hours and everything worked as expected. The hard fork will occur at block 145,000. Once the software finishes compiling we will run it through a few quick sanity checks & then we will do a soft launch on here for a few hours before announcing it on social media. We can use all the testers and feedback we can get over the next few hours. Thanks again everyone for your patience! We are now ready to enter the next stage in DigiBytes life! This is EXCELLENT news! As a holder of DGB since the initial launch, it's great to watch a truly great coin rise above the rest, innovate, and lead the field rather than follow the herd. Stick with it guys, you've a strong community behind you.... "The future's bright, the future's Digibyte" |
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as usual I agree with bill  but yes, I've spent several days now talking to all the cool kids who make the popular richlist explorers and while they look great I just don't feel it's in our best interests right now to a) empty the staking bounty address before it's even had a chance to accumulate much or b) convert it to BTC for what is basically a vanity project. I was hoping to make everyone happy since a richlist has come up so often lately but in this case we might have to just put a pin in it for now and come back to the idea later. in the meantime though I have created a personalised richlist for you all that you can refer to whenever you like. 1. CoinSwap pH15PdTQReLoXZdA6rrXPrqhtvCTxcGWD6 2. Presstab pj1AZo8DPvQRCXPd6W6t1rXchxGTdTr5qr 3. Presstab pGr6WTdQ1XeRPvrT5Xctx61PLhAD8doqrZ 4. Presstab p8AexrXXQh61P1TWGtZroTd6vP5cdLqrDC 5. Everybody Else Don't know if it's just me, but I can't find ANY of the 4 addresses above, on the rich list from http://hashing.uni.me/hyperstake_richlist.txt |
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hmmm...so is it a good time to buy?
Now is an EXCELLENT time to buy! Put what you can afford in here, then sit back for a few months and watch the developments come! |
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Nice to see some reasonable movement in HYP today on Coin-Swap |
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We are very impressed by the first results and would like to share these with you...
We zijn bijzonder onder de indruk van eerste resultaten en willen deze graag met jullie delen...
Sold Verkocht: 269
Unconfirmed Onbevestigd: 26
Available Beschikbaar: 105
ers
This means that there are only 105 packages left after less than a day! Our community is awesome.
Dit betekent dat er nog maar 105 pakketten beschikbaar zijn na minder dan een dag! Onze community is geweldig.
Excellent News! I feel a bit dumb now for suggesting you might find difficulty in getting investors to pay over the odds for the packages! Congratulations PS - if anyone's interested, I have Kaspersky Pure 3.0 - Kaspersky's highest level of home internet security, for sale. It's for 1 PC for 1 year licence, and I'd be happy to take 50,000 NLG per licence, the official price is 59 Euro! http://www.kaspersky.com/purePM me if interested |
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Oh big day today..! Dgb to 400 Satoshi ? If it reaches 400 Sats, I'm off on a round the world holiday! |
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Might I suggest that instead of pushing for exchanges, you all push for real goods and services sold and exchanged for HYP as the base currency? If all it's going to be is another way to indirectly mine BTC, then what's the point?
If anyone wants Kaspersky Pure 3.0, I have licences for 1 PC / 1 Year for sale. I'd be happy to sell each licence for 10k HYP to get the ball rolling.... |
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DigiByte @DigiByteCoin · 25m
We will be releasing #DigiByte v 3.0 multi algo this Saturday! #bitcoin
T_T coming soon.
I anticipate a big jump in the next 12 hours or so..... lets see what the price is when I awake from my beauty sleep! |
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Are there any plans to get HYP listed on Bittrex or somewhere a little larger to give the coin more exposure?
Just had a look on coin-swap and 24 hr trading is only 0.005BTC, so very little going on there at the moment.
Cy
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