[ANN][ENRG]Energycoin will be connected with StakeCoin for value creation!

[EnergyCoinDev]

EnergyCoin Foundation community fund is now splited into blocks of 9888 coins to a new address.
The split size is set to 5000 what means that they split when they reach 10k.
So we can end the discussion and continue in positive direction.

Brian

Hello Brian,

Thanks for doing this. Glad to see our discussion reaches a happy ending. I also agree that further change in rules is not so important now.

Let's move on together to make this coin a bigger success.

Peter

[EnergyCoinDev]

EnergyCoin Foundation community fund is now splited into blocks of 9888 coins to a new address.
The split size is set to 5000 what means that they split when they reach 10k.
So we can end the discussion and continue in positive direction.

Brian

well done

this way 10 million active coins play by same rules as everyone else

thx

if and how to adapt rules later on
is then not so important if no one is excluded from it

I dont know if it is related to this discussion as I cannot follow the details, but since the new client (1.5) it has been very difficult for me to mint new coins.

Unfortunately I cannot keep my wallet open all the time, but I open it every day for a couple of hours. Before the update I always managed to mint something and now it can several days in between.

So, for me the update is not encouraging to stake but vice versa.

Hello jalmari,

Since we put v1.5 in place to combat inflation, similar number of users are now competing for lower amount of available PoS rewards. Thus it is reasonable to say, on average, everyone should get more difficult to mint new blocks after the change.

But if you have tried most other coins adopting similar fixed PoS design, you should find them much more difficult to mint new blocks as a smaller holder. If you compare ENRG with those other coins, smaller holders not running wallets 24/7 but still being able to mint new blocks some alternative days is already not too bad.

If your wallet really can't run 24/7, you do need some luck to mint new blocks more often. It is possible the difficulty is still too high for you during the couple of hours you can run your wallet. But in fact, difficulty should get lower multiple times each day, because we have a minimum stake age of 24 hours and thus even the largest holders can't mint non-stop.

That why I'd say the update is encouraging people keep staking 24/7.

Peter

[EnergyCoinDev]

Btw, if I would circulate all my coins thru another wallet e.g. an exchange, would it increase the probability to mint?

Hello jalmari,

If you mean you want to combine all your coins, you don't need to use an exchange at all.

You can create a new address inside your EnergyCoin client, and then send all your coins to that address in one go, generally using "Send coins" in GUI or the command "sendtoaddress" in console.

Remember to backup your wallet everytime you create any new address.


There is a even better way. You can custom your stake size using our new "sendsplit" function. Similar to what Brian has done: https://chainz.cryptoid.info/enrg/tx.dws?4238637.htm

For example, if you want to make your stake size 9888 x 10 (just an example) and you have more than 98880 ENRG in your wallet, run in console:

Code:

sendsplit eXXXXXXXXXXXXXXXXXXXXXXXX '{"count":10,"amount":9888}'

where eXXXXXXXXXXXXXXXXXXXXXXXX is your new ENRG address.


Then if you don't want to split too often, run in console:

Code:

setstakesplitthreshold 5000

Peter

[cryptonit]

I am not sure this current system attracts us with less coins when there is no ageing, or have I understood something wrong here?

there is ageing
but it have no impact on rewards just on chance to mint a block

so as a tiny investor who only have one 1000 ENRG block

it still make sence to open wallet at least once a month

because then his 1000 ENRG block have same weight as a 30000 ENRG block after 1 day

(this is true if they didnt change the timeframe weight can grow which is at most coins at 30 days
(to lazy check code now))

[jalmari]

Btw, if I would circulate all my coins thru another wallet e.g. an exchange, would it increase the probability to mint?

Hello jalmari,

If you mean you want to combine all your coins, you don't need to use an exchange at all.

You can create a new address inside your EnergyCoin client, and then send all your coins to that address in one go, generally using "Send coins" in GUI or the command "sendtoaddress" in console.

Remember to backup your wallet everytime you create any new address.


There is a even better way. You can custom your stake size using our new "sendsplit" function. Similar to what Brian has done: https://chainz.cryptoid.info/enrg/tx.dws?4238637.htm

For example, if you want to make your stake size 9888 x 10 (just an example) and you have more than 98880 ENRG in your wallet, run in console:

Code:

sendsplit eXXXXXXXXXXXXXXXXXXXXXXXX '{"count":10,"amount":9888}'

where eXXXXXXXXXXXXXXXXXXXXXXXX is your new ENRG address.


Then if you don't want to split too often, run in console:

Code:

stakesplitthreshold 5000

Peter

Thanks for the advice, I have to test these...

[jalmari]

I am not sure this current system attracts us with less coins when there is no ageing, or have I understood something wrong here?

there is ageing
but it have no impact on rewards just on chance to mint a block

so as a tiny investor who only have one 1000 ENRG block

it still make sence to open wallet at least once a month

because then his 1000 ENRG block have same weight as a 30000 ENRG block after 1 day

(this is true if they didnt change the timeframe weight can grow which is at most coins at 30 days
(to lazy check code now))

I have understood that they have changed this timeframe in this new version. In the previous version the weight did grow, but now it is approx. the amount of coins at max.

[EnergyCoinDev]

at home im testing

a 88€ windows 10 tablet with 2 GB ram
    versus
a raspi2 with rokos with 1 GB ram

i have to say bang for the buck
the cheap tablet beat a raspi solution always

and because of the 2gb ram u can run more wallets
and once u stop ur crypto hobby staking coins with low power devices

u can give it ur kids or grandkids as youtube or playing games device....

to make a rokos raspi a winner here i think it need to provide added value
to counter the tablet have
full windows 10
7" touchscreen
2GB ram
wlan bluetooth OTG USB

Hello cryptonit,

Nice testing and comparison.

1GB RAM is just too small for running multiple wallets.

Here you can see some more CPU and RAM performance comparison charts for a similar product: http://www.hardkernel.com/main/products/prdt_info.php

That ODROID-C2 also has 2GB DDR3 RAM.

Peter

[EnergyCoinDev]

I am not sure this current system attracts us with less coins when there is no ageing, or have I understood something wrong here?

there is ageing
but it have no impact on rewards just on chance to mint a block

so as a tiny investor who only have one 1000 ENRG block

it still make sence to open wallet at least once a month

because then his 1000 ENRG block have same weight as a 30000 ENRG block after 1 day

(this is true if they didnt change the timeframe weight can grow which is at most coins at 30 days
(to lazy check code now))

I have understood that they have changed this timeframe in this new version. In the previous version the weight did grow, but now it is approx. the amount of coins at max.

You are right jalmari. The staking weight formula has been changed since block height 2.1m.

Now your total staking weight should be equal to your total amount of coins once they all pass the minimum stake age of 24 hours.

In old days, before block height 2.1m, someone could accumulate enough coinage and attack the network even he owned only a small amount of coins. Now similar attack is almost impossible.

Peter

[cryptonit]

zero offline weight gathering total fucks up casual staking = small stakeholder

no growth of weight is not good and reduce minting chance for small stakeholder even more

ideal is a 1:3 up to 1:5  factor of min age max age for weight calculation

so in ur case with 1 day min age u can easy let coin pile gather weight up to 4 to 5 days

but if we consider that a non forking small change of adjust splittreshhhold

did create lot fruitless discussions

a hardfork required change i think we can stop now to discuss already

and face the fact that ENRG staking is just for people who able join in with 100k+

less really make no sence stake 24/7

and casual staking make no sence if coins dont gather weight at least a few days

[EnergyCoinDev]

zero offline weight gathering total fucks up casual staking = small stakeholder

no growth of weight is not good and reduce minting chance for small stakeholder even more

ideal is a 1:3 up to 1:5  factor of min age max age for weight calculation

so in ur case with 1 day min age u can easy let coin pile gather weight up to 4 to 5 days

but if we consider that a non forking small change of adjust splittreshhhold

did create lot fruitless discussions

a hardfork required change i think we can stop now to discuss already

and face the fact that ENRG staking is just for people who able join in with 100k+

less really make no sence stake 24/7

and casual staking make no sence if coins dont gather weight at least a few days

Hello cryptonit,

You are right adding offline weight will require a hardfork. And adding offline weight will also discourage people staking 24/7. This will impair network security.

In fact, we still have a fair minting chance for small holders with less than 100K. A quick check on our blockchain explorer shows me this, this, this and some more.

Blockchain can't lie. But small holders just need to be online more to get more PoS rewards.

Small holders similar to jalmari, however, do need some luck as I mentioned before.

Peter

[cryptonit]

staisybit seems to come active again which solve small stakeholder issues


lets give some positive feedback:

regarding the codepart ENRG uses for set splitstaketreshhold i did even promote it at other coins
because i like it

special that it store the value in wallet.dat

so even a wallet without any conf file could use it

[metamorphin]

staisybit seems to come active again which solve small stakeholder issues

Energycoin wallet is active already!
https://api.staisybit.com/v1/public/currencies

Greetz
Steve

[STT]

at home im testing

a 88€ windows 10 tablet with 2 GB ram
    versus
a raspi2 with rokos with 1 GB ram

I live near the factory that produces pi.  Is anyone using a windows phone to run the wallet.  Im not sure how fussy it is about staking 24hr and any disruption to that from being mobile.
I see the price seems to like the v1.5

[metamorphin]

at home im testing

a 88€ windows 10 tablet with 2 GB ram
    versus
a raspi2 with rokos with 1 GB ram

I live near the factory that produces pi.  Is anyone using a windows phone to run the wallet.  Im not sure how fussy it is about staking 24hr and any disruption to that from being mobile.
I see the price seems to like the v1.5

Offtopic: you could reach good prices to buy directly from the factory?

[STT]

Hrmm, thats a big if lol    We'd have to be talking massive bulk orders there I think, I was just reading their initial reports.  214 per week to start, then 10,000 and 30,000 or more now ?

If I take a weeks production then sure I cant see why not and I could pick it up in person and retail but me personally I dont have capital or resources for this.   I think the money might be in manufacturing a smart case for the pi or programs, acessories to use on it etc

Afaik the factory does not retail to the public but I'll have a look and check.  I used to know a Sony employee way back and they might get a discount but I have not seen them lately sorry

[metamorphin]

Hrmm, thats a big if lol    We'd have to be talking massive bulk orders there I think, I was just reading their initial reports.  214 per week to start, then 10,000 and 30,000 or more now ?

If I take a weeks production then sure I cant see why not and I could pick it up in person and retail but me personally I dont have capital or resources for this.   I think the money might be in manufacturing a smart case for the pi or programs, acessories to use on it etc

Afaik the factory does not retail to the public but I'll have a look and check.  I used to know a Sony employee way back and they might get a discount but I have not seen them lately sorry

Thanks for ur awesome infos! Maybe you find a sense and a way to ask for the prices.

Steve

[cryptonit]

Is anyone using a windows phone to run the wallet.  Im not sure how fussy it is about staking 24hr and any disruption to that from being mobile.
I see the price seems to like the v1.5

im not using that tablets mobile they are pure staking devices

have a few of them in bookshelf  

[EnergyCoinDev]

staisybit seems to come active again which solve small stakeholder issues

Energycoin wallet is active already!
https://api.staisybit.com/v1/public/currencies

Greetz
Steve

Thanks Steve for stopping by. Staisybit seems to be recovering from prolonged downtime. That's a good sign.

By the way, we are interested in linking services similar to Staisybit into our future ENRG applications. We may talk later.

Peter

[EnergyCoinDev]

at home im testing

a 88€ windows 10 tablet with 2 GB ram
    versus
a raspi2 with rokos with 1 GB ram

I live near the factory that produces pi.  Is anyone using a windows phone to run the wallet.  Im not sure how fussy it is about staking 24hr and any disruption to that from being mobile.
I see the price seems to like the v1.5

Hello STT,

Would be nice to know if you can get a better price from the pi factory for the community.


About the ENRG price, you've got sharp eyes.

Now the only ways people can get more ENRG are from staking or from Bittrex.

When more people knowing or 'complaining' it's not as easy as before to earn even 5 ENRG from staking, then it's not too difficult to understand the price trend after v.1.5 on Bittrex.

That's a simple supply and demand rule, as less people are willing to sell at current price.

Peter

[EnergyCoinDev]

Guys,

Owing to Copy.com has gone after May 1, 2016, we relocate our Energycoin Bootstrap Server to a new download link.

OP will also be updated.

Peter