I guess this means biomech survived his relocation  I have a lot of small blocks. Some 1600 blocks are now starting to stake after something like 20 days. I'm using coin control to create blocks containing 3000 coins these days.
The interest doesn't change with the bigger blocks isn't it?
No, it doesn't change, BUT the block that you're hoping to stake is essentially trapped until it actually stakes - I mean, you don't want to loose 3-400 HYP just to make it into a larger block. Really, anyone who's selling on exchanges should only really be selling the blocks which have freshly minted, otherwise, personally, I find the loss of interest after 24 hours or so too much to loose! I always wait for the coins to stake. After that, when I have a lot of different blocks, I use coincontrol to put the coins together in new blocks. I don't like loosing stake either I love loosing stake. The more stakes I loose, the richer I become. Given where I'm starting from, I have little to lose, and I'll loose as many as I can. Loose: Ill fitting; to unleash or release; opposite of tight. Lose: To be second place or less in a contest, to misplace, to no longer possess involuntarily. Let's eat grandma! Let's eat, Grandma! Puntuation saves lives. Apparently not. I misspelled punctuation  Things went a bit south, but we survived. We didn't wind up where we were aiming for, though. We're in Franklin, PA. Which is a hell of a lot nicer than most of PA, but still... I don't have regular internet yet. Just got the apartment yesterday, but I'm back. More or less. |
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I have a lot of small blocks. Some 1600 blocks are now starting to stake after something like 20 days. I'm using coin control to create blocks containing 3000 coins these days.
The interest doesn't change with the bigger blocks isn't it?
No, it doesn't change, BUT the block that you're hoping to stake is essentially trapped until it actually stakes - I mean, you don't want to loose 3-400 HYP just to make it into a larger block. Really, anyone who's selling on exchanges should only really be selling the blocks which have freshly minted, otherwise, personally, I find the loss of interest after 24 hours or so too much to loose! I always wait for the coins to stake. After that, when I have a lot of different blocks, I use coincontrol to put the coins together in new blocks. I don't like loosing stake either I love loosing stake. The more stakes I loose, the richer I become. Given where I'm starting from, I have little to lose, and I'll loose as many as I can. Loose: Ill fitting; to unleash or release; opposite of tight. Lose: To be second place or less in a contest, to misplace, to no longer possess involuntarily. Let's eat grandma! Let's eat, Grandma! Puntuation saves lives. |
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so someone with a definitive answer please , are we fixed or are we broke ?
Both. The stick is unstuck, but there likely needs to be another fix to restore the proper staking percentage. The patient survived, but the stitches still need removed, and a bit of prosthesis perhaps. |
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Suggestion to PBMining: One thing I find quite an annoyance each time I log into your page is that I directly get redirected to the Global stats page. Possible to make the first page that's visible when you log in "My profile"? Makes a lot more sense as that's usually how it's done. No biggie, but it's just something I keep sighing at every time I log in. I might be alone.  If you switch you will have "my profile" page at login. Sorry, what do you mean switch? Every time I've logged in since I became a customer I've been directed to the Global stats page, and every time I've clicked "My profile", afterwards. See at the top of the "global stats" page. Gee wiz, I'm more stupid than the sun is bright. Thanks for pointing it out, brought the annoyances on myself!  If it's any consolation, I didn't know either, and had the same annoyance |
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Can I ask you guys why you like the longer coin maturity? I have KTK and it is a 3 hour min coin maturity and it has a nice and fast block chain. Do you guys know of some kind of reason for that short of maturity?
In my case, paranoia I don't have an issue with the time frame, just that I don't like to see things "fixed" that work well. Firecoind and Firecoin-qt both stake regularly even on small amounts as it stands. Just my opinion, don't fix what ain't broke. |
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Ok everyone. There are 2 major changes that need to be talked about with this coin. 1) Should we increase the interest rate for POS? Right now I think 1% is making it so people do not care to open their wallet. Which slows down the network. 2) Min coin age, Should we reduce it? Right now it is at 24 hours. Reducing it will also help the network but will increase compounded interest. All of this should increase our network stability but it will increase inflation. I think we need to do both. I am split on interest on how we should handle it. I think going to 10% and then every year dropping 1% until we reach 5% would be good. And I think 3 hours is a good time for coin maturity.
I think your interest goals are probably too modest, and I think the coin age should be no less than 6 hours, with 12 being better. Rather than drop a one liner on ya, let me explain my reasoning a bit. The coin is pure POS and now the profit share has removed nearly half of the coins in existence from circulation. Even allowing for profit sharing, this will make the coin so freakin' rare that retail adoption is not even a possibility. As an investment vehicle, that might be a good long term strategy, but I would suggest starting your interest rate at 50 percent, and drop one percent every thirty days until you're down to 10 percent, then follow the strategy you had above. As you know, I'm not a programmer, so I'm not sure how feasible that is, but from a publicity dynamic, it seems pretty good to me. That's the interest, using the term loosely. In reality POS is a different form of mining rather than true interest, so perhaps one should look at it that way rather than as gaining interest. While the effect is similar the mechanisms are not. True interest is gained from people buying the money on time, rather than holding it. Proof of Stake is a way of parking the money and using it to mine via staking. First things last, my reasoning on the time frame is that you shouldn't tinker too much with that which works well. Firecoin stakes like a witch at the vatican. |
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Looks like things are moving apace! Glad to see it, ladies and gentlemen, and sorry I cannot be of much assistance at the moment. I hit the road tomorrow morning and will be mostly if not entirely incommunicado for about a week. After that time, I'll be able to assist to some degree. If you do get some programming work going, I'm always happy to test new stuff and let the smarter people know what it's doing vs. what it should be doing. I do not hold a great deal of ZS at the moment, less than 500 coins. So I can't promise any grand amount of donations to the cause, but I will try to pop something towards it. It also might not be a bad idea to have other coins as a donation option so that we can gather funds. I'd recommend Fire, Hyperstake, and Tek as candidates. BTC should go without saying, but just in case, I'm saying it anyway See y'all in a few days. Peace and success! |
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OK, to sum up and react to what I read: - Fixing the misleading OP: replace "40%+" with "up to 40%" (even though technically it is up to around 41.25%).
- Emergency hard fork broke the interest rate. To have it back, a second hard fork is necessary - but not sure the problem we had before won't come back. Extensive testing on a testnet is required. Who steps in? Read the comprehensive (quotes included)
Well, as I mentioned before, I'm willing to set up a testnet. Only problem being that I don't know how I do have a good amount of reference for the bitcoin testnet, though. If I'm understanding presstab and Tranz correctly, then fixing that one line of code, or I suppose more properly stated, restoring that one line of code will fix the problem with lower than usual staking. Also, again if My understanding is correct, that one change will NOT allow the out of time block that caused the whole mess in the beginning to recur. So it seems to me that fixing that, and hardforking it again once it's tested, is a pretty decent idea. I'm willing to help in whatever way I can. Last round I was pretty much the dev team's guinea pig, which I'm ok with, and I handled a lot of the communication. I had fun, though external things caused a lot of tension for me. Those things are about to be cleared up, so that is as it is. And on that note, I'm going to be on the road starting tomorrow for several days. I may be up to a week with little or no communication. I'm moving rather far from where I am (Idaho). I've been asked to help with the community takeover of Zimstake, which is going to be renamed, and I said I'd do it. Doesn't stop me from working on my favorite coin Just going to be out of the loop for a few days. Y'all look out for my coin, will ya? See y'all in a few days. |
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What the hell?? Bacon is losing the poll.
If you don't like bacon, you're wrong!!!
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Unexpected end of archive it says. DEAD. DEAD. I think its perfect timing fo all tekcoin supporters to switch from mining the tekcoin directly but to point their THs to the incoming Multipool that will support the buying power at the Exchanges! Thank you all! I somewhat disagree. The coin is hybrid Pos/Pow. It needs both to work correctly, so there needs to be direct mining still. Plus, there's going to be more and more SHA256 miners coming online in the alt coin world as bitcoin difficulty continues to go psychotic. Tek is a great alternative to mine. If anything, we need more pools for direct mining. I too support the multipool idea, and will definitely contribute some small amount of bitcoin to the bounty. Small because I'm broke I know the guys who run Telsapool, and they are a good choice. Some of them participated in the fix of the recent troubles and are probably helping to fix the fix. |
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Wow diff is already up to 0.84 !! Pretty high for a PoS coin. This coin is going to become harder and harder to PoS mine overtime because of the expansion of the money supply. And as such, block sizes will need to be increased, potentially to the point that you will have to hit the max reward if you want a timely stake.
And this will influence interest rate limiting money supply and thus controlling inflation and exponential growth. It means that early adopters will benefit from compounding while the diff is low but when it rises they can nevertheless have a good income because of the size of their staking holdings. At this stage the network will be secured enough to be used by merchants who can be interested in staking too. HYP actually does not have the NovaCoin style interest rate adjustment. So the rate will always be 750% annual regardless of diff. Instead HYP has the maximum subsidy to reduce inflation. Yes, sorry, I meant the actual interest rate, not the nominal 750% yearly rate. If I'll have a block of 1000 HYP, it will get its max coin age and interest (approx. 2.05% per day) in 30 days (~61% or 610 HYP that is less than max subsidy) but with diff high enough it can potentially stake in 60 days on average (for example) as its weight will be too small in comparison with the net weight. So it will give half of nominal 750% in a year. If I'll try to make a block bigger to stake faster, the max subsidy mechanism will limit the reward. Please correct me if I'm wrong. Ok then you are exactly right. The effective interest rate will be lowered because in order to compete for a timely stake you may have to use larger block sizes in the future. I think we can update the thread topic to emphasize that this coin also has the most advanced inflation control mechanism. I think it premature to say it's the most advanced (though I tend to agree), but it's certainly a novel approach! |
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Yup. Missed that post. But the question really is what was the underlying reason for this change. It didn't need to be changed to fix the stuck PoS block. It was extra on top of the other code that was changed.
So was this a problem of cut and paste? Or was it a intentional change? Long term, does it matter how quickly we inflate the coin? Just my thoughts, Jason The change was intentional, because in testing the difficulty was not lowering and no staking was occuring. Defaced and Thundertoe thought that lowering the initial difficulty would break it loose, which in testing worked just fine. On the actual launch, we all saw the chaos that ensued, not all of which was because of this. Tranz says this was not necessary to unstick the frozen POS blocks, and Presstab seems to agree. Since both of them are better programmers than I'll ever be, I'll not question that too much, except that the fix was NOT working until that line was changed. Press, Tranz, could you perhaps elaborate on why that could be? I'm not officially part of the dev team here, and probably never will be, but I do talk to them all the time and I am a huge fan of this coin. Whatever else may come to pass, I want to see it working correctly. I intend to dedicate a lot of my resources to promoting this beast, and it needs to work correctly for that to happen. |
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I would add to this that it has historically been pretty accurate, up until the hole that nobody knew about hosed the coin. Once the fix was made, the steady progression of stakes had been interrupted and a whole swarm of stake ready wallets hit the network all at once. There were a number of unforseen problems with this, most of which were FAR more troublesome than the nvcs adjustment. Besides, it's likely to return to normal levels *IF* we all use coin control to spread out our blocks. Consider it incentive to not be lazy.
I will tell you all the issue. It is simple. This one line was changed: https://github.com/maxxine/TEK/blob/master/src/main.cpp#L39The base difficulty was lowered as part of the fix. This allows/causes a few things. 1) Easier/lower CPU intensive staking 2) Easier chance of attacking with PoS 3) Lower stake reward, as now the starting point of the reward calc is much lower (see here): https://github.com/maxxine/TEK/blob/master/src/main.cpp#L992-L1006 The chance of this going back to this difficulty are low, therefor the chance of getting the full reward (500%) are also low.. This can not be changed again without a hard fork. Yep. I posted about this but nobody cared. https://bitcointalk.org/index.php?topic=320404.msg8574529#msg8574529 I missed it. I care Anyway, so basically the fix created a new problem, correct? If I understand what else was done, then putting this line back now that staking is working should restore it's proper function and the other fixes should prevent the initial problem from ever happening again. Is this correct? Because frankly, a new fork after getting everything else straight doesn't seem to me to be that big of a deal as long as there's a bit more lead time than last time. Also, how hard would it be to set up an actual testnet for TEK? As I read it, it seems like it would be easy, just would need a couple of fulltime dedicated nodes. Once I get moved, I'd be willing to rent a couple servers for that very purpose. |
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I am very glad I keep waiting to buy TEKs and multiply them all. So now interest rate is not the advertised rate in the thread? Is that false advertising? Devs sound shady  we just had a hardfork, when i wrote the ann is was conservatively as accurate as i could simply explain. Its not been my focus of attention lately but im sure amazing a non "shady" inspiring ann can win over all the hearts and minds of the brave crypto investors who support this experimental technology. There is no perfect solution, you get posters complaining about not enough stake in one sentence and then freaking out about inflation in the next. There may need to be some more adj to the code if the future, but right now the adj factor looks like its going to do its job and force moving of blocks from hardfork date or incur possible penalty for minting at a higher diff. The nvcs pos diff adjustment is an important feature it gives incentive to move the staking blocks apart from where the high diff is, spreading them out increases network strength. Please edit the post to reflect the new rate!! Or else, yes this is shade.  I'm hungry and like my TEK cool, so I'll buy you or anyone else's shady TEK. Let's talk and I'll setup a wall on Comkort for you to dump into alright? I don't have tek, just wanted to buy some. Why does it say 40%+ SUperStake in 30 days if thats not how it is??? Makes no sense. At this current block the interest rate is 175% annually, so this would give you about ~ 14.5% after your 30 days. TEK uses the NVCS method of inflation control, which is just actually a carbon copy of PPC's PoW reward setup. What this means is that TEK can have interest up to 40% in 30 days, but the interest/stake rate is actually variable and depends on the PoS difficulty. Most TEK/PoS users already know this. I would add to this that it has historically been pretty accurate, up until the hole that nobody knew about hosed the coin. Once the fix was made, the steady progression of stakes had been interrupted and a whole swarm of stake ready wallets hit the network all at once. There were a number of unforseen problems with this, most of which were FAR more troublesome than the nvcs adjustment. Besides, it's likely to return to normal levels *IF* we all use coin control to spread out our blocks. Consider it incentive to not be lazy. |
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Can someone tell me what tek is offering that enhances crypto? 40%/month is an insane amount of inflation.
in a year only 2 million minted, many coins premine more than that. The pos is the main distribution mintage. Its a stable very fast working coin. Market adoption balances inflation, also its not 40% for TEK overall not even close that would be if nobody moved their coins ever. Also there is a diff adj system we just witnessed kicking in that shut some payouts down to 20% range. Its a no premine no ipo no blockhalving slow start pow, mega pos beast. Enjoy it for what it is, mint the stake, trade some, flip it around trading or compound it, share it. It really is fun to mint coins, and then use them or compound again for later. So basically your saying tek is like cookies, doesn't do anything to stop global warming or make sure cats/dogs get spade/neutered, but its tasty and something to enjoy? Pretty much. But to put it in more perspective: Tek is like Bacon. If you don't like bacon, you're WRONG! |
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If you're talking the day after tomorrow, I can probably be present. My move is delayed anyway, but the day after that, I'm probably on the road As for messing with the staking algorithm, my recommendation is to leave it completely alone. It works good, and it is adequate interest to keep interest. Something that we might look into is Stake For Charity, which is a module in Hobonickels and Hyperstake that we could probably snag and incorporate with little trouble. However, other than some rebranding, I don't think we need to mess much with the coin as it stands. Instead, I think any foundation formed should look heavily into promoting the coin as, well, currency for gaming and entertainment. Like for instance approach app developers and such as get them interested in taking zer0stake as payment for their apps, or getting some community members to develop games and such for Zer0stake. |
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How come I got lower payout compared to last week one when diff didn't change? Hash the same as well, of course. It's like 20% lower...  diff change was mid cycle last time... and ugly big. You got the "benefit" of the first half of the cycle, whereas this time you got the full impact of the massive diff change. Next one isn't looking pretty either, though it's not at ~20 %. |
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Hey all, I would truly like to move this project along, but I can't do it by myself. We really need some group participation and other peoples input.
Gimme two weeks. I'm moving Got some ideas, along with a couple other coins I support. |
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I am running windows 7 32 bit
I ran repairwallet in console and it returned

{
"wallet check passed" : true
}
I am synced up to block height 509271
Looks like all is well. I'm at 509317, and judging by the timestamp on this post, that should be about where you are now |
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I wasn't one that said I would, but, after I get moved I have a couple things I'll put up. More if it works out. And with that, I'm off. I'll be on the road in a couple of days, and offline for the most part from now until I get there. Y'all have fun! |
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