[LAUNCHED] Staisybit - Universal Online Staking Wallet

[StaisyBit]

It's great to see that you removed the contracts! I'd like to vote that you add HYPER to the staking as well, as that's the only of the staking coins I currently own. There are many more in the HYPER thread that have also shown interest in this.

Hi. Thank you for the input, i noticed Hyper in past and i am sure it's a great coin with strong community and real development behind. Indeed, i have already Hyper wallets up, but i have a problem. All wallets are stuck at block 40817. I will contact devs as soon as i can.

Cheers

please add TEK & HBN
thanks

We'll closely look into those coins. If they meet our requirements, you can be sure you'll see them on Staisybit. On the meantime, if you have a chance to get in touch with their devs, please ask them to pm us. We are willing to add any coins, but we usually get in touch with devs first.

Cheers

I need a sweep feature to load my coins into staisybit.com. I have paper wallets.

I would want to send over my private key and have u sweep my coins into a new address.

Nice to get such an input. It's surely a missing feature, something my mind didn't thought at, honestly.
I will update you directly via pm as soon as it's ready.

Thank you again.
Cheers.

[SebastianJu]

Thank you for the detailed calculations. It makes sense. It tries to be fair to all users although it will always be a bit "unfair" if there are very large whales of a given currency.

However, currencies where that exist are probably not a good one

It'd be unfair without the adjustment. But, as i told above, the time will matter always less, day after day, for "whales". I can say you that the firsts 183 days, the weight of the time is already dropped to its 50% .. after 183 days it will decrease more slowly to prevent complains from the "whales". In 365 days the time will matter only its 20% (hence, 365 days will be counted as 73 days).

Some example:

- Whale: funds = 1000 , time = 183 days (counted as 91)
- Fish: funds = 10, time = 183 days                               

Fish/Whale funds ratio: 0.01 (fish holds 1 coin every 100 of the whale)

Weight after 183 days:   Whale = 91000  ; Fish = 1830       

Fish/Whale weight ratio:  0.02 approx

It's the double, and it even grows ...

I'm not so much in staking but wouldn't that mean that whales could feel they are treated unfair and would leave staisybit to stake on their own to get the full reward?

[SebastianJu]

Correct me if I'm wrong but staking at Staisybit means that the keys are in Staisybit possesion for the time, right?

The answer is "yes and no", at the meantime.

Explanation:
Having the need of merge users "power" (i.e. coins) we move everything on a single wallet. Hence, we don't actually hold users' private keys, they just need to send coins here. But, at the meantime, we hold private keys of all the addresses that keep users' coins; therefore, in a certain sense, we hold their private keys.

That said, we'll surely provide an Hybrid Web Wallet (i.e. a web wallet which doesn't hold customers private keys) in the future, for those users who care about more security; it's already in our roadmap. It's obvious that those users will have to renounce to the benefits of staking in pool, still having the benefit of a web wallet though.

Cheers (and thank you for the good question).

Who has access to these keys? I mean in a team where everyone would have access to the funds it could mean that only one weak chain link is needed to compromise all funds deposited. Maybe it was already answered though i don't remember it.

[StaisyBit]

I don't think any of your questions have been asked before, so thank you for the input. This a nice chance to clarify even more.

Who has access to these keys? I mean in a team where everyone would have access to the funds it could mean that only one weak chain link is needed to compromise all funds deposited. Maybe it was already answered though i don't remember it.

Me (founder and lead developer) and system administrator (co-founder) are the only whom have access to all servers, not just to the one which does run wallets. In case the number of developers (in its strict meaning) grows, we anyway won't allow access to other, at least to the "staking" server.

I'm not so much in staking but wouldn't that mean that whales could feel they are treated unfair and would leave staisybit to stake on their own to get the full reward?

Your point could be right, but I would like to give you some food for thought:

• 1) difference for whales won't be much, or anyway won't be enough to make them feel that is better to stake on their computers, in particular for those coins which have max_age set (the most ones, and 100% of the most relevant ones)
• 2) staking reward is only one of the benefits of this service, you don't have to forget: a) no need to keep home PC running 24/7, which often ends up in more costs (for bills) then value generated (in particular for those coins which haven't absurd stake rates, indeed all currencies we are serving at the moment have very low interest rate); b) the convenience of having your coins in just 2 clicks , no need to deal with wallet updates, connections, etc, etc  c) we'll offer many others service in a near future, we are just setting up some start-up things and entering into the market, but many things will be added, like, for example, the mobile application (in a certain sense, this is the first time we see a wallet on a mobile phone, with no blockchain but which is able to stake.....) or  the exchange feature (between altcoins but with bitcoin too).
• 3) in case the whale cares only about reward, well... he will anyway get benefits from: a) fishes' coins..yeah, many fishes = one more whale, their coins will increase rewards of everyone; b) 24/7/365 running wallet, actually not achievable on an Home PC; c) our coin control script.. we provide a different coin control script to each coin, customized depending on its PoS engine. Goals of our coin control: increase number of block generated and increase block rewards. Realistically not achievable by a "normal" user.  
• 4) last (and least) is a hope: one of Staisybit's main goal is to act as bridge between altcoin developers and real life crypto-services. We bet on daily adoption and many efforts will be focused in bring new people in crypto. If this happen, coins will get advantages mainly regarding market data (e.g. value), so .. guess who will enjoy the increased price ...  

Let me know what you think and feel free to ask more.

Cheers

[stepmike]

Please, add  RateCoin (XRA) 

[ranlo]

It's great to see that you removed the contracts! I'd like to vote that you add HYPER to the staking as well, as that's the only of the staking coins I currently own. There are many more in the HYPER thread that have also shown interest in this.

Hi. Thank you for the input, i noticed Hyper in past and i am sure it's a great coin with strong community and real development behind. Indeed, i have already Hyper wallets up, but i have a problem. All wallets are stuck at block 40817. I will contact devs as soon as i can.

Cheers

I made a post to the HYPER thread as well for you. No response yet... Looking forward to seeing you get it up though!

[bhokor]

  i really like the design of the web page, but quantity of coins is still quite low, i hope more user deposit and the stake percentage growth

please dev  be fair and dont take the money and run, we need some trust here

[metamorphin]

i really like the design of the web page, but quantity of coins is still quite low, i hope more user deposit and the stake percentage growth

please dev  ve fair and dont take the money and run, we need some trust here

Yes. I fully agreed with you! We are daily in contact with the devs there and work with them together for really BIG BIG projects for future.

Actually, we have still some proud percentages of total amounts in following altcoins:

Europecoin: Over 12%
BITZ:         Over   6%
Energycoin: Over   1%
Noble:       Almost 1%
Quotient:      Over 6%

We have daily increase rates and of course the most important point, the power of our project is


YOU


Greetz
Meta

[StaisyBit]

Please, add  RateCoin (XRA) 

Thank you for the input, we'll look into that currency.

It's great to see that you removed the contracts! I'd like to vote that you add HYPER to the staking as well, as that's the only of the staking coins I currently own. There are many more in the HYPER thread that have also shown interest in this.

Hi. Thank you for the input, i noticed Hyper in past and i am sure it's a great coin with strong community and real development behind. Indeed, i have already Hyper wallets up, but i have a problem. All wallets are stuck at block 40817. I will contact devs as soon as i can.

Cheers

I made a post to the HYPER thread as well for you. No response yet... Looking forward to seeing you get it up though!

Hyper will be added as soon as I mange to get wallets synced. I am going to contact HYPER devs tomorrow.

i really like the design of the web page, but quantity of coins is still quite low, i hope more user deposit and the stake percentage growth

please dev  ve fair and dont take the money and run, we need some trust here

Thank you for your support. We've put much time (and money) into this project, our intentions are the best you can imagine.




Currencies added today:

• Blackcoin
• Fuelcoin
• OKCash

Cheers

[rmd73]

Thanks for having OKcash listed. It's a nice, clean and neat coin.

[Roke]

please add amsterdam coin (ams) and steps coin, thanks

[dvsmasta]

Is there a reason why BLK is not staking?

[StaisyBit]

Is there a reason why BLK is not staking?

Probably the weight isn't enough yet?

Here are 896813056262043.37500000 - 563558917064 = 8,962494973×10¹⁴ reasons why it's not staking 

Code:

getmininginfo

{
    "blocks" : 962576,
    "currentblocksize" : 0,
    "currentblocktx" : 0,
    "difficulty" : {
        "proof-of-work" : 242.36806749,
        "proof-of-stake" : 762915.04338124,
        "search-interval" : 0
    },
    "blockvalue" : 1000000000000,
    "netmhashps" : 0.00000000,
    "netstakeweight" : 896813056262043.37500000,
    "errors" : "",
    "pooledtx" : 7,
    "stakeweight" : {
        "minimum" : 563558917064,
        "maximum" : 0,
        "combined" : 563558917064
    },
    "stakeinterest" : 1000000,
    "testnet" : false
}

[chrysophylax]

Is there a reason why BLK is not staking?

Probably the weight isn't enough yet?

Here are 896813056262043.37500000 - 563558917064 = 8,962494973×10¹⁴ reasons why it's not staking 

Code:

getmininginfo

{
    "blocks" : 962576,
    "currentblocksize" : 0,
    "currentblocktx" : 0,
    "difficulty" : {
        "proof-of-work" : 242.36806749,
        "proof-of-stake" : 762915.04338124,
        "search-interval" : 0
    },
    "blockvalue" : 1000000000000,
    "netmhashps" : 0.00000000,
    "netstakeweight" : 896813056262043.37500000,
    "errors" : "",
    "pooledtx" : 7,
    "stakeweight" : {
        "minimum" : 563558917064,
        "maximum" : 0,
        "combined" : 563558917064
    },
    "stakeinterest" : 1000000,
    "testnet" : false
}

with the diff as high as that - and the weight as low - it will only be a matter of time ...

#crysx

[dvsmasta]

K - it shows no coins staking

I had 5k in my personal wallet and they staked right away and within first day i mines 1.5 coins.

So i would say something is not working correctly.

here is a screenshot of it.

Shouldnt the staking amount be larger than 0?

http://puu.sh/lUCri/293bc420f1.png

[StaisyBit]

K - it shows no coins staking

I had 5k in my personal wallet and they staked right away and within first day i mines 1.5 coins.

So i would say something is not working correctly.

Are you saying that you mined within the first day 1.5 BLK with approx 5.000/75.100.000 = 0.00665779 % of total supply? Is this correct?

Since you have already said that you have 5k BLK, I guess you don't mind much about privacy.. therefore, could I ask you the link TX id of the mined block? I need it to check my back-end  

Thank you for your interest in our service!


PS. side note: I have to correct myself. MinAge is 8 hours, so you mined a block of 1.5 BLK with 0.00665779 % of available supply after 8 hours of actual staking? That's great!!

[dvsmasta]

In fact i minted 2 1.5 coin transactions in first 24 hours of turning it back on.

dbb8442d8c671c530723dff37d64a4a67110fa94cae2cb21839779b7f97449f8-000
d2defb30ffff41d1de259520085a65bb3729e0162ea94cc74dac0751ccb8c2f6-000

[StaisyBit]

In fact i minted 2 1.5 coin transactions in first 24 hours of turning it back on.

dbb8442d8c671c530723dff37d64a4a67110fa94cae2cb21839779b7f97449f8-000
d2defb30ffff41d1de259520085a65bb3729e0162ea94cc74dac0751ccb8c2f6-000

Staking does have nothing to do with the time you keep you PC on or off. The only 2 things that count (other than luck) are amounts of inputs and age of inputs.

Just to make everything clearer:

• First transaction: d2defb30ffff41d1de259520085a65bb3729e0162ea94cc74dac0751ccb8c2f6
• First input of that transaction: e7389b693728a0b85561104d1b9090ce7413ed186b80ab6bea4eaf32f2cdff79
• Time of the transaction which has generated the input: 1407834952 - Tue, 12 Aug 2014 09:15:52 GMT
• CoinAge of the first input: approx 1 year and 4 months
• Reedmed on: 1449860992 - Fri, 11 Dec 2015 19:09:52 GMT (indeed your transaction)

Do you really think you can compare these transactions with a deposit made 3 days ago? Please, try other ways ......


PS. it's nice to see a newbie user (activity 1) that is active in crypto since, at least, 12 Aug 2014 (as per above).......

[ranlo]

In fact i minted 2 1.5 coin transactions in first 24 hours of turning it back on.

dbb8442d8c671c530723dff37d64a4a67110fa94cae2cb21839779b7f97449f8-000
d2defb30ffff41d1de259520085a65bb3729e0162ea94cc74dac0751ccb8c2f6-000

Staking does have nothing to do with the time you keep you PC on or off. The only 2 things that count (other than luck) are amounts of inputs and age of inputs.

Just to make everything clearer:

• First transaction: d2defb30ffff41d1de259520085a65bb3729e0162ea94cc74dac0751ccb8c2f6
• First input of that transaction: e7389b693728a0b85561104d1b9090ce7413ed186b80ab6bea4eaf32f2cdff79
• Time of the transaction which has generated the input: 1407834952 - Tue, 12 Aug 2014 09:15:52 GMT
• CoinAge of the first input: approx 1 year and 4 months
• Reedmed on: 1449860992 - Fri, 11 Dec 2015 19:09:52 GMT (indeed your transaction)

Do you really think you can compare these transactions with a deposit made 3 days ago? Please, try other ways ......

He obviously doesn't know how staking works. I was wondering how he got such a high interest rate off such a short period of time as well when that's not how BLK works. But that explains it all, .

[metamorphin]

In fact i minted 2 1.5 coin transactions in first 24 hours of turning it back on.

dbb8442d8c671c530723dff37d64a4a67110fa94cae2cb21839779b7f97449f8-000
d2defb30ffff41d1de259520085a65bb3729e0162ea94cc74dac0751ccb8c2f6-000

Staking does have nothing to do with the time you keep you PC on or off. The only 2 things that count (other than luck) are amounts of inputs and age of inputs.

Just to make everything clearer:

• First transaction: d2defb30ffff41d1de259520085a65bb3729e0162ea94cc74dac0751ccb8c2f6
• First input of that transaction: e7389b693728a0b85561104d1b9090ce7413ed186b80ab6bea4eaf32f2cdff79
• Time of the transaction which has generated the input: 1407834952 - Tue, 12 Aug 2014 09:15:52 GMT
• CoinAge of the first input: approx 1 year and 4 months
• Reedmed on: 1449860992 - Fri, 11 Dec 2015 19:09:52 GMT (indeed your transaction)

Do you really think you can compare these transactions with a deposit made 3 days ago? Please, try other ways ......

He obviously doesn't know how staking works. I was wondering how he got such a high interest rate off such a short period of time as well when that's not how BLK works. But that explains it all, .

YEAH...It seems, we have to explain new interested ppl here, how "STAKING" works... :-) It was a good input by the way!

Greetz
Meta