HYP I'm sad to say just dosn't seem to be worth holding, the issue as I see it is the coin has a steady following that DONT sell and we just cant keep up with the DIFF as we sell 75% of our staked coins, our ETA to a block is actually growing as opposed to decreasing and at the present time states 5-8 days where as 4 days ago it was 3-5 days.
since we started on HYP we have staked a total of 5 times @1k per time
23/10
31/10
03/11
04/11
09/11
And nothing since, so we either need to find a substantial amount from somewhere ie divert some of our exchange funds into HYP ( I don't think we should do that ), or sell up and re-invest in one of our better preforming coins.
What are your opinions on this ?
Thanks
Crunck
EDIT I am also taking a close look at Diamond so if any one has an input about this coin now would be a great time to do it
The trouble with HYP is that our inputs are now above max staking age of 30 days, that means they don't grow any more weight while the network does. That means either we're unlucky or our inputs are too small. That means as well that you're right and the amount of staking coins in the network increases. Another problem is that managing the inputs now would kill all the weight. I did some thoughts about HYP before as well and guessed we need to double our amount to get things working but given that last info it looks more like we would need 10 times our current weight to be able to run it reasonably smooth for some time.
The points against selling them off right now would be the currently low price of course and the somewhat dropping BTC price. That might cause a slight recovery or perhaps the chance for a pump. On the other hand BTC might just need to take some breath to jump the 500 hurdle for good.
Then there's the thing about a better staking coin. Finding a new one might be tricky. HYP staked just 5 times, but this equals 5000 coins or still more than 10% in slightly more than 2 months. Not that shabby a return if we can keep it staking.
I'd say if a nice price opportunity comes up jump for it and sell the HYP, if not we give them the last few days of the month and if they start to stake we combine them into and try it with 20k inputs and see what happens in January. But if you feel you should get rid of a coin first before adding a new one then selling HYP is OK, too.
Took a look at DMD as well. Amazingly stable in price. The current 50% staking interest is not record breaking but still quite high. Quite a pricey coin though, but the low total amount and the long 9 days min stake age should ensure that even a quite small amount of coins should stake well and with 150 DMD things should stake smoothly. I like hybrid coins and the PoW reward is with currently 0.21 DMD/block or ~181.44 DMD/day (0.01 of it goes into development fund) already reasonably low. A question mark is the interest halving in a bit less than 200,000 blocks, but that leaves 3.5-4 months of time still. All in all I think it sounds good to go for it.
How many funds do we have left in BTC? While I agree not to funnel any stake sells into HYP I wouldn't mind taking some to get a reasonable start into a new coin. The pending Cryptsy funds for example. Now Cryptsy: The last withdrawal I mentioned here was stuck for 4 days and went through the day after I got an answer on a support ticket (or 2 days after writing it). Currently there's a withdrawal stuck for 8 days now but I wrote a ticket just today. It looks like a bad idea to withdraw BTC currently (LTC and BTCD were mentioned by Cryptsy support with problems as well), but I don't know if other coins go through nicely (given their wallet isn't in maintenance like half of them seem to be).
Edit: Drat, new page. Insert quote.
