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

[milly6]

I am glad to see people getting into it. I do like the vibe of the logo although it seems like its straight out of 1993. No offense.. and nice work! Lets keep the momentum up here.. I am much more comfortable with a 100% APR although I still think it should be around 33% although maybe as you said I could code it to be 100% now and then after a certain block switch to 33%.

Edit: I do like how the leaves themselves look.

[Flam]

500% apr was voted and should be respected (2.5% every 5 days). Then it can be changed again after a year if needed.

Where was this voted on?

There https://bitcointalk.org/index.php?topic=1316682.0

500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.

VOTE 500 APR 2016 : x

With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.

[ntsdm]

Nice to see some news here

[thundertoe]

500% apr was voted and should be respected (2.5% every 5 days). Then it can be changed again after a year if needed.

Where was this voted on?

There https://bitcointalk.org/index.php?topic=1316682.0

500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.

VOTE 500 APR 2016 : x

With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.

That poll is irrelevant due to incorrect stats and should be ignored. It doesn't state the current apr correctly Sprouts apr is currently 730%  not 105,000%.

[milly6]

500% apr was voted and should be respected (2.5% every 5 days). Then it can be changed again after a year if needed.

Where was this voted on?

There https://bitcointalk.org/index.php?topic=1316682.0

500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.

VOTE 500 APR 2016 : x

With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.

That poll is irrelevant due to incorrect stats and should be ignored. It doesn't state the current apr correctly Sprouts apr is currently 730%  not 105,000%.

I think they are trying to say that with compounding interest it would be that much but that is a very flawed calculation considering pretty sure no one stakes @ 5 days (i never have) so that RADICALLY changes that calculation. Good luck getting the exact figure its near impossible unless you can take all staking wallets into actual factual consideration.

[milly6]

I think the APR rate should be changed from 730% APR to 182.5% APR. This would equate to 0.5% per day instead of 2%. 3/4th reduction in stake.

[GoldSeal]

500% apr was voted and should be respected (2.5% every 5 days). Then it can be changed again after a year if needed.

Where was this voted on?

There https://bitcointalk.org/index.php?topic=1316682.0

500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.

VOTE 500 APR 2016 : x

With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.

That poll is irrelevant due to incorrect stats and should be ignored. It doesn't state the current apr correctly Sprouts apr is currently 730%  not 105,000%.

I think they are trying to say that with compounding interest it would be that much but that is a very flawed calculation considering pretty sure no one stakes @ 5 days (i never have) so that RADICALLY changes that calculation. Good luck getting the exact figure its near impossible unless you can take all staking wallets into actual factual consideration.

You're coins may not stake on the 5th day, but mine do. Cold hard truth. With sprouts, like most POS coins, the people with the largest balances have an extreme advantage. After it stakes, I usually merge my inputs too, so that I can maintain priority in staking. The next part should relaly blow your mind. When someone's coins take more than 5 days to stake, their compounding affect is diminished and they make less coins compared to coins that stake every 5 days.

Here's an example: staking 10% every 5 days pays more than staking once after 30 days of aging
******************

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

100,000 coins * (1+0.1+25*0.02) =  160,000 coins after 30 days <-- This guy is silently being screwed by the faster staking balances as they push his staking times out farther and farther and reduce his overall return.

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. The guys with the largest merged inputs are generating more coins at a faster rate than those with smaller balances who are forced to wait longer.

Be smart and merge your inputs. Optimize your staking times.

*******************

My wallet:
https://www.blockexperts.com/sprt/address/SXHVCfYbLRaZo61uebKxq4cSeYDZnfSNnF

If you have enough coins you stake pretty quick. Mine usually stake within 4 hours of hitting age 5. Also, it seems that the time it takes after I hit the 5th day is prorated at 2% too even if it's just a few hours.

I don't want to piss on anyone's parade, 730% is an absolute farce. The total money supply compounds like this. 100*1.1^73 = 105115.31995% per year. Someone tried to argue that it's 730% because most people would be expected to spend their stake and rotate around the same balance. We've already established that was severely flawed logic. Coins aren't destroyed when you spend them. They just end up staking in someone else's wallet. Total money supply continues to compound. Look again at my example above. 100k coins in that example achieves a 77.1% return in 30 days if you can stake every 5 days which is what I am able to do with Sprouts since I have the 3rd largest balance.


BTW, I have an idea. If you honestly think 730% is the real APR and the coin's POS reward stays the same, I'll make you all an offer. Loan me your sprouts for 1 year and I will pay you your original balance back plus +7300% APR in 365 days. Doesn't that sound like a great deal? For example, give me 100,000 sprouts and I'll give you 7,400,000 in 1 year. Any takers?

[thundertoe]

the apr for Sprouts is set in the code and this coin pays what the code says 730% apr.. go look yourself. make up any math you want the code is not a lie.


   " static int64 nRewardCoinYear = 730 * CENT;  // creation amount per coin-year"

[GoldSeal]

the apr for Sprouts is set in the code and this coin pays what the code says 730% apr.. go look yourself. make up any math you want the code is not a lie.

Then you should loan me your coins.

Code:

// sprouts: total coin age spent in transaction, in the unit of coin-days.
// Only those coins meeting minimum age requirement counts. As those
// transactions not in main chain are not currently indexed so we
// might not find out about their coin age. Older transactions are
// guaranteed to be in main chain by sync-checkpoint. This rule is
// introduced to help nodes establish a consistent view of the coin
// age (trust score) of competing branches.
bool CTransaction::GetCoinAge(CTxDB& txdb, uint64& nCoinAge) const
{
    CBigNum bnCentSecond = 0;  // coin age in the unit of cent-seconds
    nCoinAge = 0;

    if (IsCoinBase())
        return true;

    BOOST_FOREACH(const CTxIn& txin, vin)
    {
        // First try finding the previous transaction in database
        CTransaction txPrev;
        CTxIndex txindex;
        if (!txPrev.ReadFromDisk(txdb, txin.prevout, txindex))
            continue;  // previous transaction not in main chain
        if (nTime < txPrev.nTime)
            return false;  // Transaction timestamp violation

        // Read block header
        CBlock block;
        if (!block.ReadFromDisk(txindex.pos.nFile, txindex.pos.nBlockPos, false))
            return false; // unable to read block of previous transaction
        if (block.GetBlockTime() + nStakeMinAge > nTime)
            continue; // only count coins meeting min age requirement

        int64 nValueIn = txPrev.vout[txin.prevout.n].nValue;
        bnCentSecond += CBigNum(nValueIn) * (nTime-txPrev.nTime) / CENT;

        if (fDebug && GetBoolArg("-printcoinage"))
            printf("coin age nValueIn=%-12I64d nTimeDiff=%d bnCentSecond=%s\n", nValueIn, nTime - txPrev.nTime, bnCentSecond.ToString().c_str());
    }

    CBigNum bnCoinDay = bnCentSecond * CENT / COIN / (24 * 60 * 60);
    if (fDebug && GetBoolArg("-printcoinage"))
        printf("coin age bnCoinDay=%s\n", bnCoinDay.ToString().c_str());
    nCoinAge = bnCoinDay.getuint64();
    return true;
}

// sprouts: total coin age spent in block, in the unit of coin-days.
bool CBlock::GetCoinAge(uint64& nCoinAge) const
{
    nCoinAge = 0;

    CTxDB txdb("r");
    BOOST_FOREACH(const CTransaction& tx, vtx)
    {
        uint64 nTxCoinAge;
        if (tx.GetCoinAge(txdb, nTxCoinAge))
            nCoinAge += nTxCoinAge;
        else
            return false;
    }

    if (nCoinAge == 0) // block coin age minimum 1 coin-day
        nCoinAge = 1;
    if (fDebug && GetBoolArg("-printcoinage"))
        printf("block coin age total nCoinDays=%"PRI64d"\n", nCoinAge);
    return true;
}

Code:

static const int64 CENT = 10000;

Code:

// sprouts: miner's coin stake is rewarded based on coin age spent (coin-days)
int64 GetProofOfStakeReward(int64 nCoinAge)
{
    static int64 nRewardCoinYear = 730 * CENT;  // creation amount per coin-year
    int64 nSubsidy = nCoinAge * 33 / (365 * 33 + 8) * nRewardCoinYear;
    if (fDebug && GetBoolArg("-printcreation"))
        printf("GetProofOfStakeReward(): create=%s nCoinAge=%"PRI64d"\n", FormatMoney(nSubsidy).c_str(), nCoinAge);
    return nSubsidy;
}

You should try this chunk of code out. That 730 does not mean there is a 730% APR cap. That comment doesn't mean anything.

[GoldSeal]

BTW if you guys want to see how the money supply has been growing, you can look at the coimarketcap historical snapshots: https://coinmarketcap.com/historical/

For example:

08/02/2015: 21,106,685  https://coinmarketcap.com/historical/20150802/

09/06/2015: 37,634,885 https://coinmarketcap.com/historical/20150906/

10/04/2015: 57,919,093 https://coinmarketcap.com/historical/20151004/

11/01/2015: 92,351,966 https://coinmarketcap.com/historical/20151101/

12/06/2015: 164,873,421 https://coinmarketcap.com/historical/20151206/

01/03/2016: 257,932,075 https://coinmarketcap.com/historical/20160103/

02/07/2016: 447,459,087 https://coinmarketcap.com/historical/20160207/


In roughly 6 months 21,106,685 coins grew to 447,459,087 coins. That's a +2019.9875158% increase. Looks like we've blown right past this whole +730% per year farce. THe coin supply grew past 730% in less than 4 months.

In the last 10 days, we've even one from 447,459,087 coins (02/07/2016) to 522,937,544 coins today (02/17/2016). In 10 days, 75478457 new coins. +16.868236492%.


For those of you that are more visually oriented:



If anyone wants a copy of the spreadsheet that I used to make this chart with coin supply forecast, pm me.  Cheers. Right now, actual coin supply numbers seems to be following the theoretical model quite closely. +105000% APY and not even close to the imaginary +730% APY sorcery.

[Flam]

Btw thanks on the energy spent proving your point.

So 500 apr is already a drastic cut BUT it allows it to remain hi pos. Start a new poll if you want with 33 100 500 or so and let's see.
500 is sustainable for at least 1 year. And this year is crucial to bring new members. Who will freshly buy in at 33 or even 100 When we are used to compound 10% every 5 days c'mon. Also there is plenty of coins in this range.
Another way is to burn 95% of the supply (but I don't see any solution but a sprouts 2 with the converstion rate and all the shit it usually brings) and continue from there with the same rate.

[GoldSeal]

Btw thanks on the energy spent proving your point.

So 500 apr is already a drastic cut BUT it allows it to remain hi pos. Start a new poll if you want with 33 100 500 or so and let's see.
500 is sustainable for at least 1 year. And this year is crucial to bring new members. Who will freshly buy in at 33 or even 100 When we are used to compound 10% every 5 days c'mon. Also there is plenty of coins in this range.
Another way is to burn 95% of the supply (but I don't see any solution but a sprouts 2 with the converstion rate and all the shit it usually brings) and continue from there with the same rate.

BTW the series label for the model should say +10%/5 days not +1-%/5 days. Although I'm not sure that typo is so critical.

The easiest thing to do is cut the pos reward by 10% every 2880 blocks (~5 days) until the rate is below 2.5%.

[bitmaster1x]

Don't let your stake block get out of control or the wallet will become unwieldly and it'll start hogging up resources.

[drent301]

Are there any new developments after the new deffs took control?

[Binary_Guy]

Oh man, just finished an epic move. Now it's time to get this train movin!!!

Sprouts to 100 sat soon people, with or without you. It's gonna be a fun!

[JudgeDredd_]

Oh man, just finished an epic move. Now it's time to get this train movin!!!

Sprouts to 100 sat soon people, with or without you. It's gonna be a fun!

Do it!

[m33]

500% apr was voted and should be respected (2.5% every 5 days). Then it can be changed again after a year if needed.

Where was this voted on?

There https://bitcointalk.org/index.php?topic=1316682.0

500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.

VOTE 500 APR 2016 : x

With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.

That poll is irrelevant due to incorrect stats and should be ignored. It doesn't state the current apr correctly Sprouts apr is currently 730%  not 105,000%.

I think they are trying to say that with compounding interest it would be that much but that is a very flawed calculation considering pretty sure no one stakes @ 5 days (i never have) so that RADICALLY changes that calculation. Good luck getting the exact figure its near impossible unless you can take all staking wallets into actual factual consideration.

You're coins may not stake on the 5th day, but mine do. Cold hard truth. With sprouts, like most POS coins, the people with the largest balances have an extreme advantage. After it stakes, I usually merge my inputs too, so that I can maintain priority in staking. The next part should relaly blow your mind. When someone's coins take more than 5 days to stake, their compounding affect is diminished and they make less coins compared to coins that stake every 5 days.

Here's an example: staking 10% every 5 days pays more than staking once after 30 days of aging
******************

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

100,000 coins * (1+0.1+25*0.02) =  160,000 coins after 30 days <-- This guy is silently being screwed by the faster staking balances as they push his staking times out farther and farther and reduce his overall return.

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. The guys with the largest merged inputs are generating more coins at a faster rate than those with smaller balances who are forced to wait longer.

Be smart and merge your inputs. Optimize your staking times.

*******************

My wallet:
https://www.blockexperts.com/sprt/address/SXHVCfYbLRaZo61uebKxq4cSeYDZnfSNnF

If you have enough coins you stake pretty quick. Mine usually stake within 4 hours of hitting age 5. Also, it seems that the time it takes after I hit the 5th day is prorated at 2% too even if it's just a few hours.

I don't want to piss on anyone's parade, 730% is an absolute farce. The total money supply compounds like this. 100*1.1^73 = 105115.31995% per year. Someone tried to argue that it's 730% because most people would be expected to spend their stake and rotate around the same balance. We've already established that was severely flawed logic. Coins aren't destroyed when you spend them. They just end up staking in someone else's wallet. Total money supply continues to compound. Look again at my example above. 100k coins in that example achieves a 77.1% return in 30 days if you can stake every 5 days which is what I am able to do with Sprouts since I have the 3rd largest balance.


BTW, I have an idea. If you honestly think 730% is the real APR and the coin's POS reward stays the same, I'll make you all an offer. Loan me your sprouts for 1 year and I will pay you your original balance back plus +7300% APR in 365 days. Doesn't that sound like a great deal? For example, give me 100,000 sprouts and I'll give you 7,400,000 in 1 year. Any takers?

Please may I know how many units of sprouts do you stake at a time?

[GoldSeal]

500% apr was voted and should be respected (2.5% every 5 days). Then it can be changed again after a year if needed.

Where was this voted on?

There https://bitcointalk.org/index.php?topic=1316682.0

500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.

VOTE 500 APR 2016 : x

With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.

That poll is irrelevant due to incorrect stats and should be ignored. It doesn't state the current apr correctly Sprouts apr is currently 730%  not 105,000%.

I think they are trying to say that with compounding interest it would be that much but that is a very flawed calculation considering pretty sure no one stakes @ 5 days (i never have) so that RADICALLY changes that calculation. Good luck getting the exact figure its near impossible unless you can take all staking wallets into actual factual consideration.

You're coins may not stake on the 5th day, but mine do. Cold hard truth. With sprouts, like most POS coins, the people with the largest balances have an extreme advantage. After it stakes, I usually merge my inputs too, so that I can maintain priority in staking. The next part should relaly blow your mind. When someone's coins take more than 5 days to stake, their compounding affect is diminished and they make less coins compared to coins that stake every 5 days.

Here's an example: staking 10% every 5 days pays more than staking once after 30 days of aging
******************

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

100,000 coins * (1+0.1+25*0.02) =  160,000 coins after 30 days <-- This guy is silently being screwed by the faster staking balances as they push his staking times out farther and farther and reduce his overall return.

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. The guys with the largest merged inputs are generating more coins at a faster rate than those with smaller balances who are forced to wait longer.

Be smart and merge your inputs. Optimize your staking times.

*******************

My wallet:
https://www.blockexperts.com/sprt/address/SXHVCfYbLRaZo61uebKxq4cSeYDZnfSNnF

If you have enough coins you stake pretty quick. Mine usually stake within 4 hours of hitting age 5. Also, it seems that the time it takes after I hit the 5th day is prorated at 2% too even if it's just a few hours.

I don't want to piss on anyone's parade, 730% is an absolute farce. The total money supply compounds like this. 100*1.1^73 = 105115.31995% per year. Someone tried to argue that it's 730% because most people would be expected to spend their stake and rotate around the same balance. We've already established that was severely flawed logic. Coins aren't destroyed when you spend them. They just end up staking in someone else's wallet. Total money supply continues to compound. Look again at my example above. 100k coins in that example achieves a 77.1% return in 30 days if you can stake every 5 days which is what I am able to do with Sprouts since I have the 3rd largest balance.


BTW, I have an idea. If you honestly think 730% is the real APR and the coin's POS reward stays the same, I'll make you all an offer. Loan me your sprouts for 1 year and I will pay you your original balance back plus +7300% APR in 365 days. Doesn't that sound like a great deal? For example, give me 100,000 sprouts and I'll give you 7,400,000 in 1 year. Any takers?

Please may I know how many units of sprouts do you stake at a time?

today I have a single transaction that is 31164660.614658 SPRTS and 4 days old. So tomorrow, it should spit out maybe 3.2m more coins.

[m33]

500% apr was voted and should be respected (2.5% every 5 days). Then it can be changed again after a year if needed.

Where was this voted on?

There https://bitcointalk.org/index.php?topic=1316682.0

500 apr is not that high, it depends on market cap too. How can you expect a community to grow if you cut the reward way worse than btc ?
Tiis coin should not be 15 bagholder's coin, a biggest community is needed as it is the case for any coin.

VOTE 500 APR 2016 : x

With 30k$ cap this will still be above 2sats after 1 year. Then it can be discussed again. If sprouts can't double its cap within a year it will be a worthless coin.

That poll is irrelevant due to incorrect stats and should be ignored. It doesn't state the current apr correctly Sprouts apr is currently 730%  not 105,000%.

I think they are trying to say that with compounding interest it would be that much but that is a very flawed calculation considering pretty sure no one stakes @ 5 days (i never have) so that RADICALLY changes that calculation. Good luck getting the exact figure its near impossible unless you can take all staking wallets into actual factual consideration.

You're coins may not stake on the 5th day, but mine do. Cold hard truth. With sprouts, like most POS coins, the people with the largest balances have an extreme advantage. After it stakes, I usually merge my inputs too, so that I can maintain priority in staking. The next part should relaly blow your mind. When someone's coins take more than 5 days to stake, their compounding affect is diminished and they make less coins compared to coins that stake every 5 days.

Here's an example: staking 10% every 5 days pays more than staking once after 30 days of aging
******************

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

100,000 coins * (1+0.1+25*0.02) =  160,000 coins after 30 days <-- This guy is silently being screwed by the faster staking balances as they push his staking times out farther and farther and reduce his overall return.

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. The guys with the largest merged inputs are generating more coins at a faster rate than those with smaller balances who are forced to wait longer.

Be smart and merge your inputs. Optimize your staking times.

*******************

My wallet:
https://www.blockexperts.com/sprt/address/SXHVCfYbLRaZo61uebKxq4cSeYDZnfSNnF

If you have enough coins you stake pretty quick. Mine usually stake within 4 hours of hitting age 5. Also, it seems that the time it takes after I hit the 5th day is prorated at 2% too even if it's just a few hours.

I don't want to piss on anyone's parade, 730% is an absolute farce. The total money supply compounds like this. 100*1.1^73 = 105115.31995% per year. Someone tried to argue that it's 730% because most people would be expected to spend their stake and rotate around the same balance. We've already established that was severely flawed logic. Coins aren't destroyed when you spend them. They just end up staking in someone else's wallet. Total money supply continues to compound. Look again at my example above. 100k coins in that example achieves a 77.1% return in 30 days if you can stake every 5 days which is what I am able to do with Sprouts since I have the 3rd largest balance.


BTW, I have an idea. If you honestly think 730% is the real APR and the coin's POS reward stays the same, I'll make you all an offer. Loan me your sprouts for 1 year and I will pay you your original balance back plus +7300% APR in 365 days. Doesn't that sound like a great deal? For example, give me 100,000 sprouts and I'll give you 7,400,000 in 1 year. Any takers?

Please may I know how many units of sprouts do you stake at a time?

today I have a single transaction that is 31164660.614658 SPRTS and 4 days old. So tomorrow, it should spit out maybe 3.2m more coins.

great thanks for info , by the way im quit sprouts , i only have like 39k , so it will take me month to stake

[addergebroed]

Oh man, just finished an epic move. Now it's time to get this train movin!!!

Sprouts to 100 sat soon people, with or without you. It's gonna be a fun!

Update?