[XRA] RateCoin | PoS | Unique Generous Rewards | Low Supply Inflation

[presstab]

Confused here, the initial post states that the minimum block reward is 100XRA.  Is this also the maximum?  Seeing by the blockchain, I see that I set my blocks way too high if that is the case.   

Yes there is no maximum reward for XRA. Set you blocks accordingly. Right now I think best strategy is setting low blocks and letting them accumulate weight over time.

[presstab]

Did we figure out what is the optimum block size?

I would try 1-5k blocks and see how that works for you.

[Fishmaster42]

Do we have information on how to split. For those who have never do it before. I see the inputs so i know i select one of them then click ok. then i see the split block check that and how many blocks i want. i put 10 ( i want to split a 7k block. but what do i do next? not sure what to do. Thanks anyone for some help.

[Kushedout]

I know Fishmaster42 figured it out (IRC chat), but if anyone else wants to know, here is a video presstab made on how to split blocks.

https://www.youtube.com/watch?v=6H4Xi3zr21g&noredirect=1

Do we have information on how to split. For those who have never do it before. I see the inputs so i know i select one of them then click ok. then i see the split block check that and how many blocks i want. i put 10 ( i want to split a 7k block. but what do i do next? not sure what to do. Thanks anyone for some help.

[Fishmaster42]

I know Fishmaster42 figured it out (IRC chat), but if anyone else wants to know, here is a video presstab made on how to split blocks.

https://www.youtube.com/watch?v=6H4Xi3zr21g&noredirect=1

Do we have information on how to split. For those who have never do it before. I see the inputs so i know i select one of them then click ok. then i see the split block check that and how many blocks i want. i put 10 ( i want to split a 7k block. but what do i do next? not sure what to do. Thanks anyone for some help.

Thank you sir, you were nice enough to help me on IRC. I split all mine below 5k so lets see what that does

[4x13]

so what is the monthly or yearly stake rate for this coin? I see there is a minimum stake amount, and blocks should be between 1-5k

[presstab]

so what is the monthly or yearly stake rate for this coin? I see there is a minimum stake amount, and blocks should be between 1-5k

It is hard to say. If you are patient and create small blocks and let them build weight for a long time you can get very generous returns by playing the minimum reward. If not you can get up to around 25% if you hold for 256 days or more. See the OP for the break down of the brackets. I think best bet is to play small blocks at the moment.

[4x13]

Good deal, I am glad you are involved in another coin, I am sure we will see great things with this coin..

I totally dig the fact that you are one of the only devs that puts out Raspbian Wallets, All Devs should step up and do this for their PoS coins!! 

[LosMiner]

Confused here, the initial post states that the minimum block reward is 100XRA.  Is this also the maximum?  Seeing by the blockchain, I see that I set my blocks way too high if that is the case.   

Yes there is no maximum reward for XRA. Set you blocks accordingly. Right now I think best strategy is setting low blocks and letting them accumulate weight over time.

Thank you for the response presstab.  What is confusing me is the blockchain and the minted amount of coins.  For example:

Block Height:   113597
Stake Input:   5,426.80
Age:   8.66 Days
Weight:   46,103
Minted:   100.00
Annual PoS Rate:   77.67 %
Money Supply:   74,637,228

In this example he is staking (please correct me if I am wrong) a block of 5426.80XRA correct?  Since the age is 8.66 days, according to the chart this would fall in the 5.0625% area since it is over 8 days:

else if(nAge > nTimeDay * 16)
      nRewardCoinYear = 5.0625 * CENT;
   else if(nAge > nTimeDay *
      nRewardCoinYear = 3.375 * CENT;

The 5426.80 block of XRA should have earned 5.0625% or 274.73175 XRA, however it shows that only 100.00 XRA was minted.  This is was made me think that the 100 XRA was max as well since it should be well over that amount considering the age of the block.  What am I missing?   

[presstab]

Confused here, the initial post states that the minimum block reward is 100XRA.  Is this also the maximum?  Seeing by the blockchain, I see that I set my blocks way too high if that is the case.   

Yes there is no maximum reward for XRA. Set you blocks accordingly. Right now I think best strategy is setting low blocks and letting them accumulate weight over time.

Thank you for the response presstab.  What is confusing me is the blockchain and the minted amount of coins.  For example:

Block Height:   113597
Stake Input:   5,426.80
Age:   8.66 Days
Weight:   46,103
Minted:   100.00
Annual PoS Rate:   77.67 %
Money Supply:   74,637,228

In this example he is staking (please correct me if I am wrong) a block of 5426.80XRA correct?  Since the age is 8.66 days, according to the chart this would fall in the 5.0625% area since it is over 8 days:

else if(nAge > nTimeDay * 16)
      nRewardCoinYear = 5.0625 * CENT;
   else if(nAge > nTimeDay *
      nRewardCoinYear = 3.375 * CENT;

The 5426.80 block of XRA should have earned 5.0625% or 274.73175 XRA, however it shows that only 100.00 XRA was minted.  This is was made me think that the 100 XRA was max as well since it should be well over that amount considering the age of the block.  What am I missing?   

Sorry it can be a bit confusing. That 5.0625 is an annual rate, which is the standard way to quote a rate for PoS coins. So you would take that 5.06 and divide by 365 and then multiply by 8.66 days to get the rate. So that would come out to around 6.51 reward, hence it hits the min stake of 100 instead.

[4x13]

I am looking to invest a sizable amount, anyone interested in selling off the market below going rate. (presstab or someone else who is considered trustworthy can do escrow if need be) PM me if interested

[BITDV]

Starting to get some serious volume on Bittrex , things are looking great!!

[4x13]

yeah, its me.. trying to buy more at a decent price..

[vegasguy]

12 BTC trading volume on Bittrex. People are finally finding out.

Vegas

[4x13]

 keep telling them to climb in my wallet... but they don't listen..

[Yaremi]

I am in

So. lets fix price from low to high

[bangomatic]

I am in

So. lets fix price from low to high

Hi Yaremi,
welcome aboard.

[bangomatic]

What is the target price for this coin? I havent been able to buy much. price rising too fast.

[xamido]

Crypto is so much fun. Somebody dump 1.5 million on my 30 satoshi buy order a few weeks ago. Bet he's kicking himself now for selling that low.

[presstab]

Crypto is so much fun. Somebody dump 1.5 million on my 30 satoshi buy order a few weeks ago. Bet he's kicking himself now for selling that low.

You will find out that with most of the good PoS coins, they reward long term holders quite well and short term traders or impatient people don't fair as well. I think patience really pays of on PoS.