OLD FLY THREAD

[seedtrue]

damn, tried to catch some quick solo blocks. Your too fast OC!!

Vegas

Shouldn't there be a checkpoint server? I looked at github and you left the checkpoint server pubkey blank.

Checkpoint servers often do more harm than good. I am personally against the centralization of a checkpoint server, but if Vegas were decide to run one then it could be added into the next wallet release.

Please elaborate on this. I made a separate thread as to not hijack this one.

https://bitcointalk.org/index.php?topic=1184690.0

[Woody20285]

Followed new wallet instructions
  Deleted all roaming except Wallet.dat and .conf
  Deleted addnode except one listed by presstab
  downloaded new wallet from presstab link
  
No connections

Deleted and tried again - 2nd time synched right up

[vegasguy]

I can confirm that POS is working well as I got the first POS reward. YAY!!!

Vegas

[metamorphin]

I can confirm that POS is working well as I got the first POS reward. YAY!!!

Vegas

[Woody20285]

I can also confirm - someone else got a stake - LOL

[Daveeoff]

I was just wondering if anyone came to an agrement on what the market price should be set at for Flycoin ? Last thing i saw was 0.1  then .002 so  what price should we hold out for. I didn't get in on the exchange so i'm just a little bag holder. I don't have much Fly but i'm still mining i might get to 100 or so Flycoin  before pow is done only have 7.Mh/s so will see what happens

[Woody20285]

That's the problem. Price points were suggested but,
in the end, the marketplace will determine prices.
If people keep them in their wallet, prices will  go up.

[vegasguy]

Ya we tried to establish a very high price early, and the miners kept dumping on us. Pow might run a couple of more weeks, and then we start start a slow stable climb up. The sell orders will be very few after pow, and price will be much higher as all the largest holders have all agreed to only sell off their POS rewards (if they want).

Vegas

[presstab]

Everyone don't forget to split up your 'blocks'. We will need to be able to burn through about 720 blocks per day and those 720 won't be eligible to stake again until another 7 days. I just split into a bunch of 4 FLY blocks. I think it will be good if we get a lot of people to go pretty small like this (3-10). 25 FLY blocks as stated before should work well too, but we also need to create a high quantity of blocks that will be ready to phase us off of PoW.

[Woody20285]

Re-split up lots of blocks of 5 fly, 10, 15 20, 25 & 30 & kept some I originally
set up higher so as not to create a 3 - 4 day gap
Will add 200 more smaller blocks

[kevin1234a]

a question before i apply this; if we set setstakesplitthreshold to 25 than what will happen to blocks which are originally 30 or 40 sizes once they stake?

i didnt know the results since blocks in my hyp/con/tek wallet's are  of same sizes and i guess blocks wont break into 2 in xra where i have multiple size blocks.

[Crestington]

a question before i apply this; if we set setstakesplitthreshold to 25 than what will happen to blocks which are originally 30 or 40 sizes once they stake?

i didnt know the results since blocks in my hyp/con/tek wallet's are  of same sizes and i guess blocks wont break into 2 in xra where i have multiple size blocks.

The Block will Stake and combine the block reward into one bigger Block.

[bittamak]

Waiting for my first stake...though the block sizes are very small (3 each) ..hope to get at least one stake before my bigger blocks gets matured.

[Crestington]

Everyone don't forget to split up your 'blocks'. We will need to be able to burn through about 720 blocks per day and those 720 won't be eligible to stake again until another 7 days. I just split into a bunch of 4 FLY blocks. I think it will be good if we get a lot of people to go pretty small like this (3-10). 25 FLY blocks as stated before should work well too, but we also need to create a high quantity of blocks that will be ready to phase us off of PoW.

You could always just make a script that sends 1 transaction every 2 minutes over 7 days.

[Woody20285]

Everyone don't forget to split up your 'blocks'. We will need to be able to burn through about 720 blocks per day and those 720 won't be eligible to stake again until another 7 days. I just split into a bunch of 4 FLY blocks. I think it will be good if we get a lot of people to go pretty small like this (3-10). 25 FLY blocks as stated before should work well too, but we also need to create a high quantity of blocks that will be ready to phase us off of PoW.

You could always just make a script that sends 1 transaction every 2 minutes over 7 days.

Re-splitting to add several hundred more blocks

[Crestington]

Everyone don't forget to split up your 'blocks'. We will need to be able to burn through about 720 blocks per day and those 720 won't be eligible to stake again until another 7 days. I just split into a bunch of 4 FLY blocks. I think it will be good if we get a lot of people to go pretty small like this (3-10). 25 FLY blocks as stated before should work well too, but we also need to create a high quantity of blocks that will be ready to phase us off of PoW.

You could always just make a script that sends 1 transaction every 2 minutes over 7 days.

Re-splitting to add several hundred more blocks

Well you want to have about 5,000 Blocks available to Stake. The moneysupply is 160,000 so the average Block would be 3 but many would have larger Blocks (or not eligible/not online) so you would Stake the most by having your Blocks Split even smaller (0.1-1) giving you the most chance of hitting SuperBlocks.

[metamorphin]

Everyone don't forget to split up your 'blocks'. We will need to be able to burn through about 720 blocks per day and those 720 won't be eligible to stake again until another 7 days. I just split into a bunch of 4 FLY blocks. I think it will be good if we get a lot of people to go pretty small like this (3-10). 25 FLY blocks as stated before should work well too, but we also need to create a high quantity of blocks that will be ready to phase us off of PoW.

You could always just make a script that sends 1 transaction every 2 minutes over 7 days.

Re-splitting to add several hundred more blocks

Well you want to have about 5,000 Blocks available to Stake. The moneysupply is 160,000 so the average Block would be 3 but many would have larger Blocks (or not eligible/not online) so you would Stake the most by having your Blocks Split even smaller (0.1-1) giving you the most chance of hitting SuperBlocks.

but with new splitting, I will lose my coinage...I have to wait after 7 days, I can change my blocks!

[Woody20285]

Crestington - Thanks for the block size info. Clear now on the
                     supply and number of blocks necessary per week.
                    I have about 1,000 blocks but, as one of the bigger holders
                    I see the need to split more down while keeping some blocks
                    with age to keep chain moving.

[placebo]

Keep the thread at the first page else people will forget about FLY.

[billotronic]

Everyone don't forget to split up your 'blocks'. We will need to be able to burn through about 720 blocks per day and those 720 won't be eligible to stake again until another 7 days. I just split into a bunch of 4 FLY blocks. I think it will be good if we get a lot of people to go pretty small like this (3-10). 25 FLY blocks as stated before should work well too, but we also need to create a high quantity of blocks that will be ready to phase us off of PoW.

You could always just make a script that sends 1 transaction every 2 minutes over 7 days.

Re-splitting to add several hundred more blocks

Well you want to have about 5,000 Blocks available to Stake. The moneysupply is 160,000 so the average Block would be 3 but many would have larger Blocks (or not eligible/not online) so you would Stake the most by having your Blocks Split even smaller (0.1-1) giving you the most chance of hitting SuperBlocks.

i did mine @ .5