I'm honestly surprised something like this hasn't come out sooner. He has a terrible track record of creating a coin and then running for the hills as soon as the pump is over. His coins wallets rarely ever work properly. Good to see his tactics are finally starting to catch up with him.
Here are a list of coins I know Spots to be dev/in charge of. Please let me know of any others I missed, i'm sure there are lots that I don't even know about.
DigiCube (CUBE) (newest)
Primality (PRIMAL) (newest)
igotspotscoin SPOT
Nanas
Vary
Nucks
GorillaTeeth [TEETH]
MMXIV
10K
BALLS
ECASH
SPOTS
Gas Coin
GorillaStake.com
RaspPi Staking "device"
Aliases/Screen Names of iGotSpots
iGotSpots
MonkeyTooth
Gas Coin
List is current as of 6/22/2015
COPPER thank you. I also added NINJA as well. |
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Got some standard answer from cryptsy:
I apologize for the inconvenience this may have caused you. The FLT wallet has been taken offline temporarily. Our technical support team is working on an update and we are unable to view deposits, process withdrawals, or generate a deposit address. Once wallet is out of maintenance mode, all pending transactions will post in the order that they are received.
Support says maintenance and the site reports blockchain error.
Very trustworthy.
This is their thing. They will say they notified their tech support team (isnt that who you are contacting to begin with?) and then nothing happens. Meaning they never actually did anything, nore do they have any plans to. They do this all the time. Also Cryptsy has been acting very Mt Goxey lately so use them only if you have to exchange a coin nobody else has. Does anyone have a bootstrap for FLT? Syncing is taking forever and a half. |
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I'm happy with the coin so far. I'm not even close to top 10 yet (hoping for a dip but the resistance is making that unlikely) and im making some good btc. Stakes well, confirms quickly.
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https://github.com/sproutcoin/sprouts/blob/master/src/main.h#L31-L46static const unsigned int MAX_BLOCK_SIZE = 1000000;
static const unsigned int MAX_BLOCK_SIZE_GEN = MAX_BLOCK_SIZE/2;
static const unsigned int MAX_BLOCK_SIGOPS = MAX_BLOCK_SIZE/50;
static const unsigned int MAX_ORPHAN_TRANSACTIONS = MAX_BLOCK_SIZE/100;
static const int64 MIN_TX_FEE = CENT;
static const int64 MIN_RELAY_TX_FEE = CENT;
static const int64 MAX_MONEY = 2000000000 * COIN;
static const int64 MAX_MINT_PROOF_OF_WORK = 9999 * COIN;
static const int64 MIN_TXOUT_AMOUNT = MIN_TX_FEE;
inline bool MoneyRange(int64 nValue) { return (nValue >= 0 && nValue <= MAX_MONEY); }
static const int COINBASE_MATURITY_PPC = 100;
// Threshold for nLockTime: below this value it is interpreted as block number, otherwise as UNIX timestamp.
static const int LOCKTIME_THRESHOLD = 500000000; // Tue Nov 5 00:53:20 1985 UTC
static const int STAKE_TARGET_SPACING = 2.5 * 60; // 2.5-minute block spacing
static const int STAKE_MIN_AGE = 60 * 60 * 24 * 5; // minimum age for coin age 5 days
static const int STAKE_MAX_AGE = 60 * 60 * 24 * 365 * 65; // stake age of full weight 65 years Thank you! this is just what I needed. |
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[/b] How are the PoS rewards calculated? For instance I prefer smaller blocks. I would assume payouts are on a per block basis like most PoS coins. Block of 100 stakes in 7.3 days, from my understanding is the rewards are 10% + 2%/day after. One of my blocks of 100 stakes in 7.3 days and I get a payout of 7.3. 7.3 SPRTS is not 14.3% of 100. Can someone explain what is going on here and why my payout came out half of what it should of been? https://www.blockexperts.com/sprt/tx/4c4761d675adb79ed85bfd01fa5c2fc3a2df2a9578866cf1db4dc5dbc5bf232dDid some more work and it looks like if I take 10%/2 = 5% and 2%/2 = 1% Days to stake 7.3 5%+1%+1%+.3% = 7.3% * 100 SPRTS = 7.3 SPRTS Which is half of the promised PoS reward. Can someone explain what happened here? a block of 1k when staked will split into 2 blocks 550 each. it is common for pos coins to split the block and stake payments into 2 blocks, use coin control to recombine these into a large block and ensure quick staking and more compounding. I know how to use coin control and purposefully split my blocks into the sizes they are. When looking at the block explorer as you explained it I should see two transactions with 14.6 split into two making 7.3 each. This isnt what im seeing in the BE. I see the 7.3 split between the two blocks. 4c4761d675adb79ed85bfd01fa5c2fc3a2df2a9578866cf1db4dc5dbc5bf232d 2015-10-12 11:01:13 SZ9jQpNCUf2pzxLoehbU3qTU4qzVq3zmci 100.00000000 SPRT SZ9jQpNCUf2pzxLoehbU3qTU4qzVq3zmci 5 3.65000000 SPRT SZ9jQpNCUf2pzxLoehbU3qTU4qzVq3zmci 5 3.65000000 SPRT 10 7.30000000 SPRT How are the PoS rewards calculated? For instance I prefer smaller blocks. I would assume payouts are on a per block basis like most PoS coins. Block of 100 stakes in 7.3 days, from my understanding is the rewards are 10% + 2%/day after. One of my blocks of 100 stakes in 7.3 days and I get a payout of 7.3. 7.3 SPRTS is not 14.3% of 100. Can someone explain what is going on here and why my payout came out half of what it should of been? https://www.blockexperts.com/sprt/tx/4c4761d675adb79ed85bfd01fa5c2fc3a2df2a9578866cf1db4dc5dbc5bf232dDid some more work and it looks like if I take 10%/2 = 5% and 2%/2 = 1% Days to stake 7.3 5%+1%+1%+.3% = 7.3% * 100 SPRTS = 7.3 SPRTS Which is half of the promised PoS reward. Can someone explain what happened here? a block of 1k when staked will split into 2 blocks 550 each. it is common for pos coins to split the block and stake payments into 2 blocks, use coin control to recombine these into a large block and ensure quick staking and more compounding. Smaller blocks are usually good here however you wanna get paid on that 5th day if possible and recombine the blocks and do it again! This will maximize the interest you will gain per month Doesn't answer my question. My question was why didn't my block receive the full % promised instead I got half of what was promised. I'm full aware of how PoS works and in some cases it is needed to keep 1 large block. I'm looking to help secure the blockchain more than get the most "efficient" stake as that requires killing my coin weight from what has built up from after staking. I don't have the time to baby sit the wallet like that. My question was why didn't I get the full reward as promised in the ANN. I received half of what I was supposed to. 7.3% and took around 7 days to stake. Proof: 4c4761d675adb79ed85bfd01fa5c2fc3a2df2a9578866cf1db4dc5dbc5bf232d 2015-10-12 11:01:13 SZ9jQpNCUf2pzxLoehbU3qTU4qzVq3zmci 100.00000000 SPRT SZ9jQpNCUf2pzxLoehbU3qTU4qzVq3zmci 5 3.65000000 SPRT SZ9jQpNCUf2pzxLoehbU3qTU4qzVq3zmci 5 3.65000000 SPRT 10 7.30000000 SPRT |
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How are the PoS rewards calculated? For instance I prefer smaller blocks. I would assume payouts are on a per block basis like most PoS coins. Block of 100 stakes in 7.3 days, from my understanding is the rewards are 10% + 2%/day after. One of my blocks of 100 stakes in 7.3 days and I get a payout of 7.3. 7.3 SPRTS is not 14.3% of 100. Can someone explain what is going on here and why my payout came out half of what it should of been? https://www.blockexperts.com/sprt/tx/4c4761d675adb79ed85bfd01fa5c2fc3a2df2a9578866cf1db4dc5dbc5bf232dDid some more work and it looks like if I take 10%/2 = 5% and 2%/2 = 1% Days to stake 7.3 5%+1%+1%+.3% = 7.3% * 100 SPRTS = 7.3 SPRTS Which is half of the promised PoS reward. Can someone explain what happened here? |
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protocol would be to link to the previous ann and state your intentions HORT
Yeah, that's probably best. A set direction is needed for a coin to be successful these days. |
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will there be POW or POS only?
There will be both. Things will stay the same for now as listed in OP. Proof-Of-Work Algo: Scrypt Block Reward: 5 GEN, Halves Annually Max Height: None Proof-Of-Stake Block Reward: 20 GEN, Halves Annually Min age: 4 hours Max age: 30 days is this going to be fork ?? or wallet update? No forks, the above is what it has always been and it will stay this way for now. The new wallet will have block splitting ability so you can split coins into any size block you prefer. Ohhh the diff is going to skyrocket  |
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*looks around* *spies popcorn* *grabs, sits down and starts eating*
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I will admit I'm hoarding my SWING without really saying much about it to keep the diff low and my stakes coming in fast. Really like the concept and it stakes like a beast. Block switching looks like it works flawlessly and majority of blocks are going to PoS as expected.
I'm a bad bad boy lol
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So this experiment was very insightful. Looks like the SPEC mining diff isn't actually controlled by the actual nethash at all. Throughout the experiment so far i have had 2-2.5 GH/s pointed to one pool. Not once did the total nethash spike over 110 MH/s and the diff actually went down to 90 after spiking at 398 for the diff. SPEC seems to only be capable of 4 difficulties. 7, 90, 249, 398 which fluctuate with the 110MH/s nethash displayed. Never once was the nethash above 133 MH/s (which it's currently stuck at now) with a diff of 249.
Obviously this is incorrect. To make sure the nethash was being properly reported by the pool i moved the rental over to GENstake which is correctly reporting the hashrate and adjusting the nethash accordingly.
This leaves me to believe the nethash for SPEC is fake and thus the difficulty is artificially inflated. I will continue to monitor the SPEC nethash and difficulty to see if it rises at all or if it continues to fluctuate between 94MH/s and 110MH/s average.
Hopefully someone can prove my findings to be incorrect.
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2.5GH/s set to SPEC. Current diff is 400 and expecting that to rise more. Goal is diff of 1-2K if possible. Also the SPEC nethash is missing over 90% of the actual nethash. It's not limping along, it's gasping for air.
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So I see that my warnings for the SPEC team have gone unfixed and the developers have locked their thread because of legitimate concerns. So I am debating on renting a ridiculously high hashrate and driving the diff up even high and finally killing SPEC for good.
Wanted thoughts from the community and possibly the SPEC devs to FIX THE DAMN PROBLEM! Your network is degrading by the minute and is hugely flawed without another method of finding blocks.
I can't speak to the projects that were promised but never delivered but if it reflects on their abilities as altcoin devs we can probably assume that cryptotrader won't be much better. So I say we put SPEC out of it's misery and assure no blocks are ever found again.
What say you?
*edit*
Wanted to add something. I have been mining SPEC since it's announcement but when developers refuse to provide any information that might put the consumers mind at ease, in my opinion it is up the the community to send a message. By raising the diff to heights no normal ASIC would be able to reach it forces the SPEC team to do one of two things. Rent hash and spend their own money (unless someone is dumb enough to do it for them) or to provide a fix in a timely manor in order to prevent more damage done to their brand and their chain.
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*does the got out early dance*
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We are in the process of adding development forums to https://www.speccoin.com which will be used to give community updates vs spreading the information out through several forums. This will allow us one central location to send information out on burns, cryptowatcher updates, invites, or anything to do with SPEC development etc. Right but in the meantime can you at least address some of our concerns so we arnt sitting here waiting? I've been with the project since its original ANN, just want an idea of whats going on with the burn addys. |
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I added my hash to try and help move the chain but so far no luck.
I agree. adding PoS to this would be great. I'd suggest talking to twoturtles AKA syntaks about doing the work first, and if he can't help then I agree with the other guys that presstab would be a good option.
Syntaks and press are both very qualified devs. It looks like the chain started moving again around 5 AM EST and had stopped at 10 PM the day before. This is unacceptable if you plan on using this to pay for a service. You need a chain that will continue to move regardless of the transaction size. Strict PoW requires people dedicated to sticking their hardware onto the chain and right now it's me and just a few other people still mining this coin. I'm not willing to give it my full hash either given the current price and drastic diff issues. It's been given to me on good word that SPEC looks fairly legit and the devs seem dedicated. My suggestion in order to improve consumer confidence. Provide a select few of us to demo and beta test your system with you. As someone who tests web applications for a living I can attest having new eyes on your project will bring issues to the light that the devs would of missed on their own. It's in your best interest, SPEC devs, to allow people to view your private beta and to perform tests on the system. Having never seen it before and not knowing how it's supposed to act gives us a clean slate when it comes to bug testing. Which overall is very beneficial to not only keeping development on track but also giving the community hope that it will be released. regards, loco legit....why would one of devs post about burning 300 million coins and then not do it Stoner19 and I noticed 50 million going to around 6 different addys. Seeing if we can find them again. Will update this post when we do. |
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I added my hash to try and help move the chain but so far no luck.
I agree. adding PoS to this would be great. I'd suggest talking to twoturtles AKA syntaks about doing the work first, and if he can't help then I agree with the other guys that presstab would be a good option.
Syntaks and press are both very qualified devs. It looks like the chain started moving again around 5 AM EST and had stopped at 10 PM the day before. This is unacceptable if you plan on using this to pay for a service. You need a chain that will continue to move regardless of the transaction size. Strict PoW requires people dedicated to sticking their hardware onto the chain and right now it's me and just a few other people still mining this coin. I'm not willing to give it my full hash either given the current price and drastic diff issues. It's been given to me on good word that SPEC looks fairly legit and the devs seem dedicated. My suggestion in order to improve consumer confidence. Provide a select few of us to demo and beta test your system with you. As someone who tests web applications for a living I can attest having new eyes on your project will bring issues to the light that the devs would of missed on their own. It's in your best interest, SPEC devs, to allow people to view your private beta and to perform tests on the system. Having never seen it before and not knowing how it's supposed to act gives us a clean slate when it comes to bug testing. Which overall is very beneficial to not only keeping development on track but also giving the community hope that it will be released. regards, loco |
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