[ANN] SPROUTS sha256 pos+pow 10% at 5 days 芽菜货币

[soloasi]

"...Right now it seems that transactions in the 500k range take 6 - 7 days, >1.5 mil take 5 - 6 days. Anything below 100k and it:s not likely to stake within a reasonable time frame...."

OMG! TT_TT such a waste... i sold all my coins when it was dropping (before my min limit so i didnt lose), it already used to take 7 or 8 days with 30K blocks... but 500K!? for staking in 6 - 7 days? thats a suuuper high number... (1,5 BTC buying at 300sat) ....

[Krypt0Fr3ak]

People forget there is also element of luck in staking.

EXAMPLE
======

Even just a small stake of 1 sprts > 5days old will have a 99.999% probability of hitting a stake.

So, take the 30k example the probability of hitting stake after 5 days will be reduced to 99.91% which will increase chance of hitting stake

*all the above is example to illustrate the element of luck involved.

You could be lucky and only hold 30k sprouts and it hits on the first block after 5th day. 4801 blocks from date of the input.


Why is the 4801 block important ?

Code:

Sprouts has 90sec Block time

60sec * 60sec = 3600sec (1Hr)  // seconds in 1 Hour

3600 sec * 24(hrs) = 86400   // seconds in 24hrs (1 day)

86400 secs / 90sec (blk time) = 960 blocks  // Number of Blocks produced per day

960 blks * 5 days = 4800 blocks // Number of blocks before coins reach maturity

You could be lucky and have a small amount hit on block 4801 blocks.

So to say with 100% certainty that if you hold X number of coins it will take 7, 8th, 9th, 100th days cannot be spot on perfect.
 
Its a probability it will hit but not guaranteed so DO NOT become disheartened if your only staking small blocks you could also be lucky!

In the grand scheme of things larger blocks stake faster as that is how this pos scheme works.

But you do also have to account for the element of Luck!

Plus, no matter HOW LONG IT TAKES you will still receive your daily 2% pos interest.

The only drawback to longer stake times is you cannot compound your interest as quickly.

I have had small blocks mature on 5th day AND stake later on during the 5th day multiple times in the past.

Its all good, Grab some and stake
And Stay lucky !

[SushiNoTomato]

People forget there is also element of luck in staking.

EXAMPLE
======

Even just a small stake of 1 sprts > 5days old will have a 99.999% probability of hitting a stake.

So, take the 30k example the probability of hitting stake after 5 days will be reduced to 99.91% which will increase chance of hitting stake

*all the above is example to illustrate the element of luck involved.

You could be lucky and only hold 30k sprouts and it hits on the first block after 5th day. 4801 blocks from date of the input.


Why is the 4801 block important ?

Code:

Sprouts has 90sec Block time

60sec * 60sec = 3600sec (1Hr)  // seconds in 1 Hour

3600 sec * 24(hrs) = 86400   // seconds in 24hrs (1 day)

86400 secs / 90sec (blk time) = 960 blocks  // Number of Blocks produced per day

960 blks * 5 days = 4800 blocks // Number of blocks before coins reach maturity

You could be lucky and have a small amount hit on block 4801 blocks.

So to say with 100% certainty that if you hold X number of coins it will take 7, 8th, 9th, 100th days cannot be spot on perfect.
 
Its a probability it will hit but not guaranteed so DO NOT become disheartened if your only staking small blocks you could also be lucky!

In the grand scheme of things larger blocks stake faster as that is how this pos scheme works.

But you do also have to account for the element of Luck!

Plus, no matter HOW LONG IT TAKES you will still receive your daily 2% pos interest.

The only drawback to longer stake times is you cannot compound your interest as quickly.

I have had small blocks mature on 5th day AND stake later on during the 5th day multiple times in the past.

Its all good, Grab some and stake
And Stay lucky !

Luck always plays a part, it could be instant or you could have to wait longer, no matter what the size the block is.

[Flam]

I don't know what your problem is with stake age. If you don't stake within 5 days for 10% you earn an additional +2% everyday...
And blocks of 20k- are fine aswell.
If you are in a rush to get btc and worry about coins being unspendable while staking please dump this coin isn't for you.
Also you can split your balance in multiple chunks from start to have a near to max amount available anytime.

[GoldSeal]

I don't know what your problem is with stake age. If you don't stake within 5 days for 10% you earn an additional +2% everyday...
And blocks of 20k- are fine aswell.
If you are in a rush to get btc and worry about coins being unspendable while staking please dump this coin isn't for you.
Also you can split your balance in multiple chunks from start to have a near to max amount available anytime.

staking 10% every 5 days pays more than staking 60% in a single 30 day stake.

example:

100,000 coins * 1.1^6 = 177,156.1 coins after 30 days

100,000 coins * (1+0.1+25*0.02) =  160,000 after 30 days

This is a very basic compounding effect. It's always best to stake as fast as you can after the transaction hits 5 days. Every time you take extra days to stake, you are generating less coins.

Be smart and merge your inputs.

[Arrakeen]

What do the devs plan for the future of SPRTS?

The only exchanges I know of are cryptopia & cryptsy....and cryptsy is on the fast track to goxdom.

Surely we need wider adoption for sprouts to grow?!

[Lovethecoins]

I don't know what your problem is with stake age. If you don't stake within 5 days for 10% you earn an additional +2% everyday...
And blocks of 20k- are fine aswell.
If you are in a rush to get btc and worry about coins being unspendable while staking please dump this coin isn't for you.
Also you can split your balance in multiple chunks from start to have a near to max amount available anytime.

staking 10% every 5 days pays more than staking 60% in a single 30 day stake.

example:

100,000 coins * 1.1^6 = 177,156.1 coins after 30 days

100,000 coins * (1+0.1+25*0.02) =  160,000 after 30 days

This is a very basic compounding effect. It's always best to stake as fast as you can after the transaction hits 5 days. Every time you take extra days to stake, you are generating less coins.

Be smart and merge your inputs.

Yep that is the best way for highest ROI

[Krypt0Fr3ak]

I don't know what your problem is with stake age. If you don't stake within 5 days for 10% you earn an additional +2% everyday...
And blocks of 20k- are fine aswell.
If you are in a rush to get btc and worry about coins being unspendable while staking please dump this coin isn't for you.
Also you can split your balance in multiple chunks from start to have a near to max amount available anytime.

staking 10% every 5 days pays more than staking 60% in a single 30 day stake.

example:

100,000 coins * 1.1^6 = 177,156.1 coins after 30 days

100,000 coins * (1+0.1+25*0.02) =  160,000 after 30 days

This is a very basic compounding effect. It's always best to stake as fast as you can after the transaction hits 5 days. Every time you take extra days to stake, you are generating less coins.

Be smart and merge your inputs.

GoldSeal, Excellent illustration there..

Yes, I can see it makes sense to merge inputs to gain the added compound effect
However, would you be so kind and Break that above calculation down into a more
explanatory (step-by-step) calculation for the non mathematicians out there to better grasp.

Perhaps, by providing it in a way like I done above?

I think It would be great for the community and others whom are not so got at maths to understand better & follow along more closely..

http://betterexplained.com/articles/a-visual-guide-to-simple-compound-and-continuous-interest-rates/

[broken_pixel]

Howdy folks! I purchased about 16k to support the Sprout, I sold off all my DOGE, POT to get Sprouts.  

My wallet just synced, time to transfer my Sprouts to stake. Oh! The wallet say the checkpoint is too old.

[doothewop]

Oh! The wallet say the checkpoint is too old.

That's normal, don't worry about it.

[broken_pixel]

Oh! The wallet say the checkpoint is too old.

That's normal, don't worry about it.

I am not worried about, my HBN wallet says that all the time, I was just letting the thread know.

[Lovethecoins]

Oh! The wallet say the checkpoint is too old.

That's normal, don't worry about it.

I am not worried about, my HBN wallet says that all the time, I was just letting the thread know.

Yes been like that since day one here

[peonminer]

im really impressed with how things are going here, the inflation initially concerned me but the market has held up well. Hate cryptsy with Trex would jump on.

Yes we really need another exchange

Topic: [ANN] 芽菜货币 Now on CRYPTOPIA Hi-Rate PoS SPROUTS sha256 pos+pow WOW https://bitcointalk.org/index.php?topic=1238834.0

[peonminer]

im really impressed with how things are going here, the inflation initially concerned me but the market has held up well. Hate cryptsy with Trex would jump on.

Yes we really need another exchange

Topic: [ANN] 芽菜货币 Now on CRYPTOPIA Hi-Rate PoS SPROUTS sha256 pos+pow WOW https://bitcointalk.org/index.php?topic=1238834.0

Wow! Main thread updated! We need someone to update more!

[Lovethecoins]

im really impressed with how things are going here, the inflation initially concerned me but the market has held up well. Hate cryptsy with Trex would jump on.

Yes we really need another exchange

Topic: [ANN] 芽菜货币 Now on CRYPTOPIA Hi-Rate PoS SPROUTS sha256 pos+pow WOW https://bitcointalk.org/index.php?topic=1238834.0

Wow!

We have always had cryptopia this is nothing new

[peonminer]

im really impressed with how things are going here, the inflation initially concerned me but the market has held up well. Hate cryptsy with Trex would jump on.

Yes we really need another exchange

Topic: [ANN] 芽菜货币 Now on CRYPTOPIA Hi-Rate PoS SPROUTS sha256 pos+pow WOW https://bitcointalk.org/index.php?topic=1238834.0

Wow!

We have always had cryptopia this is nothing new

BOUNTIES have been added, changes are coming, good changes

[Lovethecoins]

im really impressed with how things are going here, the inflation initially concerned me but the market has held up well. Hate cryptsy with Trex would jump on.

Yes we really need another exchange

Topic: [ANN] 芽菜货币 Now on CRYPTOPIA Hi-Rate PoS SPROUTS sha256 pos+pow WOW https://bitcointalk.org/index.php?topic=1238834.0

Wow!

We have always had cryptopia this is nothing new

BOUNTIES have been added, changes are coming, good changes

What are the bounties?

[peonminer]

im really impressed with how things are going here, the inflation initially concerned me but the market has held up well. Hate cryptsy with Trex would jump on.

Yes we really need another exchange

Topic: [ANN] 芽菜货币 Now on CRYPTOPIA Hi-Rate PoS SPROUTS sha256 pos+pow WOW https://bitcointalk.org/index.php?topic=1238834.0

Wow!

We have always had cryptopia this is nothing new

BOUNTIES have been added, changes are coming, good changes

What are the bounties?

Please to announce Sprouts coin now trade here

Hybrid - PoW/PoS
PoW Algo - SHA256D
PoS Reward - 10% 5 Days, +2% for each extra day staking takes.
BlockReward - Depends on Difficulty
Blocktarget - 2.5 minutes

https://www.cryptopia.co.nz/Exchange?market=SPRTS_BTC

https://www.cryptsy.com/markets/view/SPRTS_BTC

芽菜货币

BOUNTIES GREEN = AVAILABLE
NEW EXCHANGE (50,000 SPROUTS)1st Dice Gaming Site (25,000 SPROUTS)1st Additional Gaming Site (15,000 SPROUTS)Staking Android Wallet (15,000 SPROUTS)Staking Mac Wallet (10,000 SPROUTS)Staking iOS Wallet (10,000 SPROUTS)Staking Web Wallet (10,000 SPROUTS)Paper Wallet (5,000 SPROUTS)More Faucets (5,000 SPROUTS)Additional Block Explorers 5,000 SPROUTS)Translation Threads (2,500 SPROUTS) Updated Source with checkpoint error removed (2,500 SPROUTS)
*Please add to SZMA6bWRZR9rqC5BWpbqKmc7kL1R3CXAx1 if you would like to see Sprouts on more exchanges, help with bounties funding, and further advance the opportunity to have Sprouts grow!

Block Explorer  https://blockexperts.com/sprt

New Windows Wallet: https://mega.co.nz/#!XNoigA4T!aOgrU6w9wdg86pq7nZ1gD5J57zc9W-pzxCnazOALDv0        Thanks nikl.

Virustotal:  https://www.virustotal.com/ru/file/7ffc1e96515b0a48dec72924660b2cbf719df4937035a66b00cdb4fa3b321e95/analysis/1439229412/

Be sure to combine your coin deposits with coin control every time your Sprouts stake. This ensures maximum efficiency for everyone and the blockchain!
Gude: Coin Control http://bitcoinlasvegas.net/how-to-use-coin-control/  

NOTE* Modern adopters find SPROUTS Stakes best in X00,000+ block sizes, these tend to stake within 5-6 days maximum.

Any block size smaller will take between 7-9 days to stake.*
PoS Reward - 10% 5 Days, +2% for each extra day staking takes.
*Advantage of staking longer than 5 days, +2% per day

Exchanges
https://www.cryptopia.co.nz/Exchange?market=SPRTS_BTC
https://www.cryptsy.com/markets/view/SPRTS_BTC

Roadmap

Links
website: http://sproutcoin.github.io  OR www.sproutcoin.org
github: https://github.com/sproutcoin/sprouts
twitter: https://twitter.com/SproutCoin
irc chat: http://webchat.freenode.net/?channels=sproutcoin



Pools:

https://sprouts.maxminers.net

Thanks MaxMiners

Sprouts Pool By Betarigs.

Site: sprt.betarigs.com
Fee: 1%
SSO Enabled.
Friendly Support.

Thanks Ahmed

https://sprouts.suprnova.cc/

Thanks ocminer

PORT  9901
RPC_PORT     9902

Peers:

Code:

104.236.59.76

178.62.210.32

74.196.55.47

That's it.  Thanks again defaced for fixing it and to nikl for compiling it!!!!!

*Please add to SZMA6bWRZR9rqC5BWpbqKmc7kL1R3CXAx1 if you would like to see Sprouts on more exchanges, help with bounties funding, and further advance the opportunity to have Sprouts grow! I would love to raise the bounties with some assistance. I can only finance the above personally. If I can get a donation of 50,000+ Sprouts I will cover the additional cost to submit Sprouts to Yobit for 2 day approval. For 250,000 Sprouts donation we can have a newsletter sent out about the addition to Yobit.net 's member mailer list. https://yobit.net/en/addcoin/
User warned against yobit, taking advice

[GoldSeal]

I don't know what your problem is with stake age. If you don't stake within 5 days for 10% you earn an additional +2% everyday...
And blocks of 20k- are fine aswell.
If you are in a rush to get btc and worry about coins being unspendable while staking please dump this coin isn't for you.
Also you can split your balance in multiple chunks from start to have a near to max amount available anytime.

staking 10% every 5 days pays more than staking 60% in a single 30 day stake.

example:

100,000 coins * 1.1^6 = 177,156.1 coins after 30 days

100,000 coins * (1+0.1+25*0.02) =  160,000 after 30 days

This is a very basic compounding effect. It's always best to stake as fast as you can after the transaction hits 5 days. Every time you take extra days to stake, you are generating less coins.

Be smart and merge your inputs.

GoldSeal, Excellent illustration there..

Yes, I can see it makes sense to merge inputs to gain the added compound effect
However, would you be so kind and Break that above calculation down into a more
explanatory (step-by-step) calculation for the non mathematicians out there to better grasp.

Perhaps, by providing it in a way like I done above?

I think It would be great for the community and others whom are not so got at maths to understand better & follow along more closely..

http://betterexplained.com/articles/a-visual-guide-to-simple-compound-and-continuous-interest-rates/

sure

100,000 coins * 1.1^6 = 177,156.1 coins after 30 days

The formula for staking in six consecutive perfect 5 day periods is:

x = starting balance
y = number of 5 day staking periods completed
z = ending balance

x * 1.1^y = z

At the end of each 5 day period, then entire new balance is staked for the next 5 day period. Each successive staking period compounds the balance resulting from the previous period.

100,000 coins * (1+0.1+25*0.02) =  160,000 after 30 days

This example is for a single amount that stakes once taking 30 days. The multiplier is constructed like this:

1 + 0.1 + 25*0.02

1 = original balance multiplier
0.1 = stake for first 5 days
25 = number of days accumulating a 2% increase in stake
0.02 = 2%

so we get 1+0.1+0.5 = 1.6

[GoldSeal]

BTW, watch out for Yobit. I submitted casinocoin with a premium submission including the 0.1 BTC a week and a half ago. The coin still hasn't been added, nobody has contacted me, and the admin does not respond to support/contact requests.