Just click anywhere on the wallet and that should turn it into the active window. Then you can see your weight, etc. Ignore the Fud and can you help with my Noob questions please
So will the wallet turn pink once coins are staking? i have coins in the wallet that are about 12 hours old and the wallet edge is grey and i cant roll over to get the weight? is that normal?
Also in the send coins input tab do the coins have to be ticked to stake? what does ticking them do?
Thanks for the help in advanced
Beef
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If you look back a few pages, we were discussing the situation with my wallet where because I have been mining I have multiple small deposits, so small amounts of coin maturing all the time. It's good, except for the fact that each time an amount of coin goes up for staking, it blocks the other coins from staking until it's gotten its reward. So you can imagine that if you have a bunch of very small amounts staking, you might not be able to get to all of your coin in the 24 hour period. In order to assure giving all your coins a chance to stake in each 24 hour (or 1440 block) period, it makes more sense to have fewer sets of larger amounts of coin. Because the amount of coin going up for staking doesn't matter (large or small). That's what I gleaned from the earlier discussion. I'm open to correction, though. Like everyone here, I want the best strategy for the maximum growth once POW is over and done with. Curious on this strategy. Your network weight of having one block of coins vs split up in theory should balance out. I think it just is if you wanna get one block with your interest or if you want multiple coins maturing and staking consistently. Be interested to see how it plays out. My plan is to divide into four transactions, and I'm going by block count, not actual time, so divide up 1440 by 4 gives you 360, so I'm trying to send myself 1/4 of my coin every 360 blocks (right now they are just flying by). Since I'm still mining I'll have some more coming in right up to the end, so I'll probably have to lump all that into a fifth transaction where I'll try to stick that midway between two of the others. I'm thinking of a "clock" with 1440 sections, so if I miss sending something at block 720, then I'd try to send it again the next "day" at block 1440 + 720 = 2160. My "0" block is the one with my first transaction. I think there are two opposing things which need to be balanced. On one hand, spreading out transactions will ensure that at least some of them will stake all seven times. However, when a certain amount of coin starts staking, it takes some time to actually get its reward. So you want to allow plenty of time for it to get its reward before the next set of coin comes up. Otherwise you'll end up where you can't stake all your coin in one day, so you lose out on rewards. Not only that once the staking starts you'll have newly staked coin being added and that will I think naturally spread out as well. So it looks to me that going into the growth period, you want a few coins maturing at regular intervals around a 1440 block "day." At least that's how I understand it. Please keep in mind that this is me learning all about this coin and the way Scrypt POS works. I did not work on the development and this is my first exposure to Scrypt POS, though I've been involved in POS coins with other algorithms, mainly NXT and its clones. So, think it through before following my strategy, and maybe others can weigh in. Also, keep in mind you have to use the coin control feature to decide which coins get sent back to yourself. You can get a list of all your coins, and select the ones you want to consolidate, then send the exact amount minus the transaction fee and that seems to work. Thanks Wiser for asking a lot of the questions I had, did your send to your own wallet work. I am an admitted noob but for the growth period would it be best to send all your coins to yourself in one transaction 24hr before last POW block. I understand no one knows exactly when that will be. What I'm wondering is if you are recommending having 4 6hr apart transactions just to ensure you can stake at least three times on the last day. By that logic would it not be better to split them up as much as you can. I don't understand weight so my next question is which is more important weight or amount of coins do those have an effect on your staking ability. would there be a disadvantage to having 12 incoming transactions 2 hrs apart. also if you are sending coins from in your wallet to youself which coins does the wallet choose to send most or least mature. Just trying to get my strategy right for this growth period.
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My plan is to divide into four transactions, and I'm going by block count, not actual time, so divide up 1440 by 4 gives you 360, so I'm trying to send myself 1/4 of my coin every 360 blocks (right now they are just flying by). Since I'm still mining I'll have some more coming in right up to the end, so I'll probably have to lump all that into a fifth transaction where I'll try to stick that midway between two of the others. I'm thinking of a "clock" with 1440 sections, so if I miss sending something at block 720, then I'd try to send it again the next "day" at block 1440 + 720 = 2160. My "0" block is the one with my first transaction. I think there are two opposing things which need to be balanced. On one hand, spreading out transactions will ensure that at least some of them will stake all seven times. However, when a certain amount of coin starts staking, it takes some time to actually get its reward. So you want to allow plenty of time for it to get its reward before the next set of coin comes up. Otherwise you'll end up where you can't stake all your coin in one day, so you lose out on rewards. Not only that once the staking starts you'll have newly staked coin being added and that will I think naturally spread out as well. So it looks to me that going into the growth period, you want a few coins maturing at regular intervals around a 1440 block "day." At least that's how I understand it. Please keep in mind that this is me learning all about this coin and the way Scrypt POS works. I did not work on the development and this is my first exposure to Scrypt POS, though I've been involved in POS coins with other algorithms, mainly NXT and its clones. So, think it through before following my strategy, and maybe others can weigh in. Also, keep in mind you have to use the coin control feature to decide which coins get sent back to yourself. You can get a list of all your coins, and select the ones you want to consolidate, then send the exact amount minus the transaction fee and that seems to work. Thanks Wiser for asking a lot of the questions I had, did your send to your own wallet work. I am an admitted noob but for the growth period would it be best to send all your coins to yourself in one transaction 24hr before last POW block. I understand no one knows exactly when that will be. What I'm wondering is if you are recommending having 4 6hr apart transactions just to ensure you can stake at least three times on the last day. By that logic would it not be better to split them up as much as you can. I don't understand weight so my next question is which is more important weight or amount of coins do those have an effect on your staking ability. would there be a disadvantage to having 12 incoming transactions 2 hrs apart. also if you are sending coins from in your wallet to youself which coins does the wallet choose to send most or least mature. Just trying to get my strategy right for this growth period.
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so at this current rate, how far are we from end of PoW?
By my quick calculations we're talking about a day and a half (1.55 days). That's taking 40 seconds per block which is what my pool is showing right now, but that's not an average, more like a random snap shot. |
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So whatever happens, the end wont come any sooner than 30 hours from now.
As long as you are certain about this than that is sweet. As for splitting up into 6 hour blocks I wouldnt do that then  Yeah, it's rough. It's a guessing game at this point. If everyone moves coins now, the staking % of blocks will start to drop and growth will come later. I sent one chunk to myself, so took some of my staking coins out of action. The question is when do I do the next one? In about six hours? Sometime tomorrow? Do I want the number of confirmations spread evenly throughout the day? Or more or less around the same time each day? Questions, questions, questions... But anyway, it seems to me consolidation would be best to prepare for growth period. |
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It's complicated, I can't really suggest what to do. You're in an interesting position. It's quite a game. For example, if you were to go into growth as you are now, you wouldn't actually grow very many coins, but you'd make it difficult for other people to grow their coins either. It's something I hadn't considered. There's so many elements at play here. I just have no idea what's going to happen. Only time will tell.
Which you probably shouldn't have done in the earlier post.. Can anyone do the math and tell me for certain That the growth period will be at least 24 hours from now? That is all im really concerned about.. edit: right now looks like about 2 blocks a minute, at that rate ill be ok right? will that rate grow though? I didn't really take that as advice so much. I realize that there are some key parts of the fundamentals which I don't understand so it makes decision making a bit tricky. If someone can point me to a good article on how POS scrypt coins work, I'd read it for sure. Later tonight I may dig for one myself. |
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I edited my post, but in case you don't see it right away:
The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.
As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.
Where is coin control? got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age. I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking? Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before. If you do send coins to yourself, choose coins that just recently minted and would otherwise be immature anyways, that way you don't miss out on much minting time. But if you keep staking in small portions now, each time you stake that's one less POW block as well. So I'm the one ruining it for the miners, which is funny because I'm a miner--at least for the next couple hours. Would one seed be a large enough chunk? I'll try to consolidate some of mine over the next day or so. And how many chunks would be ideal? Maybe 4, about one every six hours? 4 is good going into growth for sure, making sure to account for having enough age then. Right now it's negligible. You're actually earning more off your seeds doing it the way you are now than you would be if they were in larger chunks, because of the minimum staking reward. It's complicated, I can't really suggest what to do. You're in an interesting position. It's quite a game. For example, if you were to go into growth as you are now, you wouldn't actually grow very many coins, but you'd make it difficult for other people to grow their coins either. It's something I hadn't considered. There's so many elements at play here. I just have no idea what's going to happen. Only time will tell. This is very interesting. One more question. Let's say I do four chunks. Is it important that I time them six hours apart in terms of time? Or could I say, do this over two or three days, around the same time each day? Say I have 4 seed, and I decide to break it down into four chunks of one seed each? Would it make a difference if I consolidated at the same time each day, say 9am? or is it better to make sure it's at different times each day? |
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I edited my post, but in case you don't see it right away:
The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.
As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.
Where is coin control? got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age. I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking? Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before. If you do send coins to yourself, choose coins that just recently minted and would otherwise be immature anyways, that way you don't miss out on much minting time. But if you keep staking in small portions now, each time you stake that's one less POW block as well. So I'm the one ruining it for the miners, which is funny because I'm a miner--at least for the next couple hours. Would one seed be a large enough chunk? I'll try to consolidate some of mine over the next day or so. And how many chunks would be ideal? Maybe 4, about one every six hours? |
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I edited my post, but in case you don't see it right away:
The network depends on coins being broken down into smaller pieces, but if your coins are in too many pieces then you'll never be able to stake all your coins in a single day. Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age.
As for how many coins to send, depends on how many you have. Whatever you do send will immediately lose all their weight right now, so you'll stop staking as much, so that will be an important consideration. I'd suggest half, but check coin control and see try and find a reasonable balance from there.
Where is coin control? got it: Check coin control (enable it in settings > options > display tab) in the send tab to see how your coins are broken down in the wallet, and their current age. I see this now. So I understand I can chhose exactly which coins I'm sending to myself this way? And that chunks them for better staking? Sorry for all the newb questions but this is new territory for me. I've never worked with a scrypt POS coin before. |
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So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.
I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself? Stake weight is a combination of your coins you hold that are in a single block and then how long has passed. Blocks compete in POS for the highest stake weight for who signs it. If yours is above the network, you should get a reward. If you are newly staking, you would have a low stake weight vs the network as you need to wait your turn for your reward. For the past hour or so my weight has been higher than the network. Also bigger amounts are going into the "stake" section and the 0.00001 rewards are getting more frequent. But they are always 0.00001. That's the part I don't understand--how no matter what amount of coin goes into the "stake" section, the reward is the same but I get more of them. It would just help to understand the formula behind it. Your're actually a big reason there's so much stake extraction on the network then. All of your coins contribute to your weight, and only the coins you actually stake with are actually getting removed from your weight. I'd recommend sending coins to yourself at some point (literally just send coins to your own address) so that they aren't all broken up like grains of sand in your wallet, because if they are they'll stake one at a time. What would be a good amount to send? I could do several transactions like that. I do like spreading the staking around, but maybe not like grains of sand--more like pebbles  |
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So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.
I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself? EDIT: It seems to me that no matter how much is staked, the reward is always 0.00001. How exactly does that work out? You're staking from blocks you've minted. The stake reward of 0.00001 is the minimum stake possible. If the portion of coins that were used to stake would have produced less than that, you'd stake 0.00001. Th'e current rate is 1% per year. So if the number of coins you're staking / 365 / 100 is less than 0.00001, you'll actually get 0.00001. Generally you don't stake all your coins in a single block, but rather they get spread out over time. This behavior helps support the network. Thanks for the explanation. That makes more sense. I just couldn't go any lower LOL. I just had no idea what a bargain I was getting |
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For the past hour or so my weight has been higher than the network. Also bigger amounts are going into the "stake" section and the 0.00001 rewards are getting more frequent. But they are always 0.00001. That's the part I don't understand--how no matter what amount of coin goes into the "stake" section, the reward is the same but I get more of them. It would just help to understand the formula behind it.
Did you mine and get even payouts? Everything I have is mined. So I have many transactions at semi-regular intervals. |
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So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.
I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself? Stake weight is a combination of your coins you hold that are in a single block and then how long has passed. Blocks compete in POS for the highest stake weight for who signs it. If yours is above the network, you should get a reward. If you are newly staking, you would have a low stake weight vs the network as you need to wait your turn for your reward. For the past hour or so my weight has been higher than the network. Also bigger amounts are going into the "stake" section and the 0.00001 rewards are getting more frequent. But they are always 0.00001. That's the part I don't understand--how no matter what amount of coin goes into the "stake" section, the reward is the same but I get more of them. It would just help to understand the formula behind it. |
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Well the percentage of blocks found by POS is close to 50% now, and NOW the mining net hashrate is beginning to approach the levels I assumed it would be from the get go. I think mining profitability is rapidly dwindling... It was fun while it lasted  |
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So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.
I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself? EDIT: It seems to me that no matter how much is staked, the reward is always 0.00001. How exactly does that work out? |
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So here's a question... why is my stake weight is far greater than the network weight? Also, the wallet has displayed "Expected time to earn reward is 1 second" for the past several hours without receiving a stake.
I'm curious what those numbers actually mean in general. Also, so far the only amount I've received in stake has been 0.00001. What determines the staking reward itself? |
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Good to see you in on this one Wiser.
Hey you too! |
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My wallet says 'downloaded 3786 of 5639 blocks' in the sync field it says '1853 blocks remaining' last received block was 5 hours ago. Is this normal? if you check out http://www.argakiig.us/blockchain/seed/index.php you will notice it says a different block than my wallet. a) is there a command I can use to make sure I'm on the right wallet, I downloaded version v1.0.1.0 and had staking happen but since then it's always going back between syncing and being synced. b) can someone clarify if having your wallet open the entire time is necessary to get full staking benefits? I want to get the most out of my purchase. c) my weight says '45 and 0 secs to earn' I'm just not sure I'm up and running correctly, haven't received any stake in a few hours. Cheers in advance guys Looks like you are not on the correct fork; the most up to date wallet is v1.0.2.0. See my above post if you still have problems sync'ing. Edit: To get the absolute maximum possible staked coins, leaving it open 24/7 is the way to go. You can also leave it open each day until all coins have staked and you are only left with unmature coins, then open the wallet again 24 hours later, but you may miss some staking time that way. k, downloaded the new wallet but I'm still stuck with 1952 blocks to go.. and that number keeps going up Give it some time. It might work just fine. |
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It's the epic dumping at the end of the growth period that worries me. I think one way to mitigate that would be for the dev team to post some detailed plans for the coin about midway through the growth phase, especially if everything is working well on the technical side. I don't plan to dump, but I will be taking some profits just to at least get my investment back. It would be very helpful to have some good compelling reasons clearly spelled out for holding beyond the growth period. If the dev team needs something written, that's my shtick--feel free to PM me |
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