💸 DigiCube 🔷 NOW ON RAWX (NEW MCXNOW) 💸 EARN 50K CUBE/WEEK WITH TWITTER!

[iGotSpots]

just folow these steps ...

1) Close all DigiCube wallets that are running
2) Backup wallet.dat in as many places as you feel comfortable with
3) Delete all files in this data directory, but leave wallet.dat and DigiCube.conf here
4) Download the Bootstrap for block 500k here: http://freestaking.com/downloads/wallet/DigiCube16-Bootstrap.zip
5) Extract these two files to the same folder as in Step 3
6) REMOVE ALL NODES. Use these two, and only these two, nodes in DigiCube.conf, until more people have had time to update:
addnode=46.105.158.205
addnode=98.144.161.18
7) Ensure the only files in this folder are the two blk files from the bootstrap, DigiCube.conf, and wallet.dat
Open DigiCube v1.6 and enjoy the new experience

do we need to do any of these steps, or is just a straight download/installer?

Not this time. Just a 'download and run' update

[coinbasesucks]

http://freestaking.com/downloads/wallet/

DigiCube v1.8 Wallets are up for Windows and Mac - Android will follow shortly
This is a mandatory update that kicks in at block 620k

Changelog:

• Minimum Coin Age Required for 2000% stake rate has been increased 10x
• Maximum Per-Block Staking Reward has been increased 10x

These changes are to further curb inflation. Version 1.0 had 1990% average inflation. Version 1.6 has about 1440% average inflation; nice drop, but not far enough. Version 1.8 will be adjusted further if inflation does not respond as expected. This will be a change to reward long-term holders while encouraging those with no interest in the future of the coin to just get out and move on

http://freestaking.com/downloads/wallet/

I will post a new bootstrap on the same page as the wallets when we hit block 620k. This will take roughly 2 weeks to get to

so after block 620k minimum to get stake 5.47% is 112k cube ?

No. Your number is correct, but that number correlates to coin age, not coin amount

i don't underestand give me exemple plz ??

Sure

Let's say you have 12,000 CUBE. Currently you could stake every day for 2000% yearly

In Version 1.8, 12,000 CUBE would have to wait approximately 10 days between stakes if they wanted to get the 5.5% daily rate. Keep in mind, all time waited will show up as backpay with an increased stake amount. You would get paid for all 10 days you waited at 5.5% per day

Got it.  Thank you for clearing that up.

[s0nix]

Question @IGotSpots


If I have 20K CUBE, currently this stakes with daily ~ 1100 CUBE.
With version 1.8, I have to wait 10 days between the stakes? And then I also get ~1100 CUBE (5.5%) or ~1100 * 10 days?


Thanks in advance
s0nix

You would get paid for all 10 days you waited at 5.5% per day

according to what is written above,
I think with 20k cube not need wait 10 day, enough around only 6-7 to collect 124k coinday.

20k would need to wait roughly 6-7 days, correct. But you will get all your backpay for all 6-7 days you wait

Aha okay, the crux is the coin age.

 Thanks for the replies.

[DigiCube]

Now back up on the new servers!

http://freestaking.com/downloads/wallet/

DigiCube v1.8 Wallets are up for Windows and Mac - Android will follow shortly
This is a mandatory update that kicks in at block 620k

Changelog:

• Minimum Coin Age Required for 2000% stake rate has been increased 10x
• Maximum Per-Block Staking Reward has been increased 10x

These changes are to further curb inflation. Version 1.0 had 1990% average inflation. Version 1.6 has about 1440% average inflation; nice drop, but not far enough. Version 1.8 will be adjusted further if inflation does not respond as expected. This will be a change to reward long-term holders while encouraging those with no interest in the future of the coin to just get out and move on

http://freestaking.com/downloads/wallet/

The biggest criticism for high-staking coins is always inflation, inflation, inflation. DigiCube 1.6 is my theory on capping both the minimum coin age needed to stake at a high rate, thus creating incentive to hold a solid chunk of coins, while also capping the maximum reward that can be earned per block. I've posted a chart below that gives a visual representation of this idea. Below the chart is a detailed description of what this graph means and also explains how both the lower and upper thresholds are determined long-term. As you can see by the last set, the longer the blockchain goes, the farther apart these two will become; this is why I believe this scaling system will be very effective in both the short and long term growth of DigiCube

In a nutshell, there is still a way to earn over 5.5% daily stake rate and it's quite simple. To stake for large amounts, your input size must be greater than 2% of the block number. The first dots on the graph linked above are block 500k, when the fork kicks in, so we have nice round numbers to chart growth stats. At block 500k, this means you must have a coin age of greater than 10,000 (500,000 * .02) to ensure you get the maximum reward. However, there is a way around this for smaller holders that have less than 10,000 CUBE. You can also participate by stopping your coins from staking for longer. For example, if you have 5000 CUBE, you can hold them for two days without staking to still get above the threshold for higher rewards. It's a great way to give incentive to both large and small holders to continue increasing their stash to stay above the cut-off instead of dumping their stakes daily

Then there is the cap of maximum rewards per block. Right now this will not be much of an issue, but the longer the blockchain gets, the harsher the cap will be due to be a lower percentage of the total coin supply. Like the minimum coin age cap, this is also on a sliding scale, meaning it will increase with time, but slowly enough to effectively combat massive inflation. The maximum stake reward that can be earned per block is 1% of the block number. So using the same block as the example above, when the fork kicks in, the maximum reward will be 5000 CUBE per block (500,000 * .01). If the stake reward is above this value, it will be squished down to it. These are hard caps at both the lower and upper limits

No fancy graphics for now, just a simple link for new wallets:
http://freestaking.com/downloads/wallet
https://github.com/DigiCubeCrypto/DigiCube

The most up to date information on the situation as a whole can now always be found in-wallet by using the 'On the Web' tab

[iGotSpots]

Question @IGotSpots


If I have 20K CUBE, currently this stakes with daily ~ 1100 CUBE.
With version 1.8, I have to wait 10 days between the stakes? And then I also get ~1100 CUBE (5.5%) or ~1100 * 10 days?


Thanks in advance
s0nix

You would get paid for all 10 days you waited at 5.5% per day

according to what is written above,
I think with 20k cube not need wait 10 day, enough around only 6-7 to collect 124k coinday.

20k would need to wait roughly 6-7 days, correct. But you will get all your backpay for all 6-7 days you wait

Aha okay, the crux is the coin age.

 Thanks for the replies.

Correct. Coin age is what to watch

No problem at all, feel free to ask anything else that is unclear

[kivatbat]

Question @IGotSpots


If I have 20K CUBE, currently this stakes with daily ~ 1100 CUBE.
With version 1.8, I have to wait 10 days between the stakes? And then I also get ~1100 CUBE (5.5%) or ~1100 * 10 days?


Thanks in advance
s0nix

You would get paid for all 10 days you waited at 5.5% per day

according to what is written above,
I think with 20k cube not need wait 10 day, enough around only 6-7 to collect 124k coinday.

20k would need to wait roughly 6-7 days, correct. But you will get all your backpay for all 6-7 days you wait

Aha okay, the crux is the coin age.

 Thanks for the replies.

Correct. Coin age is what to watch

No problem at all, feel free to ask anything else that is unclear

I have 7k cube on stake. Soo I just download the new update and run it? Then I will just leave it be?

[coinbasesucks]

20k would need to wait roughly 6-7 days, correct. But you will get all your backpay for all 6-7 days you wait

Beats having to stake every day.  It looks like the android app will estimate when the coins should be staked too.

[CosaNostra]

http://freestaking.com/downloads/wallet/

DigiCube v1.8 Wallets are up for Windows and Mac - Android will follow shortly
This is a mandatory update that kicks in at block 620k

Changelog:

• Minimum Coin Age Required for 2000% stake rate has been increased 10x
• Maximum Per-Block Staking Reward has been increased 10x

These changes are to further curb inflation. Version 1.0 had 1990% average inflation. Version 1.6 has about 1440% average inflation; nice drop, but not far enough. Version 1.8 will be adjusted further if inflation does not respond as expected. This will be a change to reward long-term holders while encouraging those with no interest in the future of the coin to just get out and move on

http://freestaking.com/downloads/wallet/

Comeon, just keep it at 2000% and stop screwing around with the rates.  You guys are developers not economists.  And let's be real, it doesn't matter if the rate is 2000%, 1000%, or 250%, inflation is going to be out of control. At 2000% it's a fun coin, now not so much, especially when you keep changing the parameters.

No. I have taken emotion out of the equation and now make decisions based purely on the numbers. I will change it 10,000 more times if I have to, just to get it perfect

Why not just make a gradual decrease in staking schedule at certain blocks? Like 2000-1000-500?

[okane818]

What happen to you DigiCube?
All my minted coins marked "generated but not accepted", It was already accepted, when updating, not accepted.
WHY WHY WHY you get back my minted coins? 10,100CUBE Plus gone? how can you refund with that?
My DigiCube coins has reach 500k block OLD. you hurt me so much, FUCK!
And also the value too much low... it was 0.00055000BTC, Why happen now? 0.00000488BTC?  

[kivatbat]

What happen to you DigiCube?
All my minted coins marked "generated but not accepted", It was already accepted, when updating, not accepted.
WHY WHY WHY you get back my minted coins? 10,100CUBE Plus gone? how can you refund with that?
My DigiCube coins has reach 500k block OLD. you hurt me so much, FUCK!
And also the value too much low... it was 0.00055000BTC, Why happen now? 0.00000488BTC?  

Dumping at its finest

[iGotSpots]

What happen to you DigiCube?
All my minted coins marked "generated but not accepted", It was already accepted, when updating, not accepted.
WHY WHY WHY you get back my minted coins? 10,100CUBE Plus gone? how can you refund with that?
My DigiCube coins has reach 500k block OLD. you hurt me so much, FUCK!
And also the value too much low... it was 0.00055000BTC, Why happen now? 0.00000488BTC?  

Those are orphans from using an old wallet that is no longer supported. There was like a month between 1.0 and the fork when I said it was coming; there was more than enough time and I give more warning than any other coins

The value is low because people were dumping. This is why there are forks; to slow down inflation

[D3m0nKinGx]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

[nac]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

Could always use stepcoins staysafe

[iGotSpots]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

I have heard very bad things about them. We will have an online, staking wallet shortly

[D3m0nKinGx]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

I have heard very bad things about them. We will have an online, staking wallet shortly

ok, will it just be for your coin, or will you add other coins as well?

[iGotSpots]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

I have heard very bad things about them. We will have an online, staking wallet shortly

ok, will it just be for your coin, or will you add other coins as well?

A good friend of mine is already running one for other coins, CUBE will be added to it soon. I'll have him post more details on how it works

It's not a pool like stakeminers is trying to do, though, but I have heard bad things about them so I won't be trying to get CUBE on there, sorry

[D3m0nKinGx]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

I have heard very bad things about them. We will have an online, staking wallet shortly

ok, will it just be for your coin, or will you add other coins as well?

A good friend of mine is already running one for other coins, CUBE will be added to it soon. I'll have him post more details on how it works

It's not a pool like stakeminers is trying to do, though, but I have heard bad things about them so I won't be trying to get CUBE on there, sorry

Is your friend's pool just one he runs for himself, or is it public?

now that coinwallet is shutting down. there's no others that i can seem to find :/

[iGotSpots]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

I have heard very bad things about them. We will have an online, staking wallet shortly

ok, will it just be for your coin, or will you add other coins as well?

A good friend of mine is already running one for other coins, CUBE will be added to it soon. I'll have him post more details on how it works

It's not a pool like stakeminers is trying to do, though, but I have heard bad things about them so I won't be trying to get CUBE on there, sorry

Is your friend's pool just one he runs for himself, or is it public?

now that coinwallet is shutting down. there's no others that i can seem to find :/

I'll have to have him explain more, but from my understanding it's a wallet that stakes for you as an individual, not a pool where all the coins are put together (you wouldn't want that for CUBE anyway, because of the limits), but Paul will have to clear that up when he gets on. I linked him these posts on Skype, though, so shouldn't take too long

[D3m0nKinGx]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

I have heard very bad things about them. We will have an online, staking wallet shortly

ok, will it just be for your coin, or will you add other coins as well?

A good friend of mine is already running one for other coins, CUBE will be added to it soon. I'll have him post more details on how it works

It's not a pool like stakeminers is trying to do, though, but I have heard bad things about them so I won't be trying to get CUBE on there, sorry

Is your friend's pool just one he runs for himself, or is it public?

now that coinwallet is shutting down. there's no others that i can seem to find :/

I'll have to have him explain more, but from my understanding it's a wallet that stakes for you as an individual, not a pool where all the coins are put together (you wouldn't want that for CUBE anyway, because of the limits), but Paul will have to clear that up when he gets on. I linked him these posts on Skype, though, so shouldn't take too long

great thank you, i await his information.

[pjcltd]

Dev please make request with stakeminers.com to add your coin to the staking pool thank you

I have heard very bad things about them. We will have an online, staking wallet shortly

ok, will it just be for your coin, or will you add other coins as well?

A good friend of mine is already running one for other coins, CUBE will be added to it soon. I'll have him post more details on how it works

It's not a pool like stakeminers is trying to do, though, but I have heard bad things about them so I won't be trying to get CUBE on there, sorry

Is your friend's pool just one he runs for himself, or is it public?

now that coinwallet is shutting down. there's no others that i can seem to find :/

I'll have to have him explain more, but from my understanding it's a wallet that stakes for you as an individual, not a pool where all the coins are put together (you wouldn't want that for CUBE anyway, because of the limits), but Paul will have to clear that up when he gets on. I linked him these posts on Skype, though, so shouldn't take too long

great thank you, i await his information.

Ho ok we have a system / site called
Juststake.online
This will let you stake your coins against the block chain as if your coins was in your own wallet
There's not much more to say than that lol.
We are testing cube on our system now
If it works ok we will open it to testers.
Then we will do a full open to the public
So stay tuned.

Thanks
Paul