presstab
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Blockchain Developer
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March 20, 2017, 09:12:28 PM |
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How many coins needed to consistently stake, (not be master node, just regular staking node)?
What I mean is what is a good amount to have to be able to keep staking continually as a regular staker. Let's say I want guaranteed to stake every week, how many coins do I need to have?
The "weight" figure on http://www.presstab.pw/phpexplorer/PIVX/index.php is the value of the coins that were staked. Looks like the current average is about 4470 pivx |
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Assman
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March 20, 2017, 09:17:02 PM |
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Hey guys, can someone explain to me how often stake rewards are minted and sent?
Is it weekly based off the # of coins you're staking and your wallet staking up time?
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Ricklosti
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March 20, 2017, 09:32:10 PM
Last edit: March 20, 2017, 09:43:38 PM by Ricklosti |
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Hey guys, can someone explain to me how often stake rewards are minted and sent?
Is it weekly based off the # of coins you're staking and your wallet staking up time?
Yes, this is what I'm trying to figure out too. For example, let's say I have 3000 coins, and I put into my wallet today, how long until they are "mature"? And once it does stake, how long until it can be expected that they will stake again? In other words what is the minimum maturity requirement? And what the the maximum maturity allowed i.e. coin weight accumulation? |
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jakiman
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March 20, 2017, 10:02:37 PM |
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Hey guys, can someone explain to me how often stake rewards are minted and sent?
Is it weekly based off the # of coins you're staking and your wallet staking up time?
Yes, this is what I'm trying to figure out too. For example, let's say I have 3000 coins, and I put into my wallet today, how long until they are "mature"? And once it does stake, how long until it can be expected that they will stake again? In other words what is the minimum maturity requirement? And what the the maximum maturity allowed i.e. coin weight accumulation? PoS Stake Eligibility Minimum Input Age: 60 minutes Minimum Confirms: 101 confirms Not sure if we have maximum as we aren't based on coin age? (no idea) But yeah, my 10k that's staking returns approx 1 mints per day average for past few days. |
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kokokoin
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March 20, 2017, 10:05:00 PM |
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Maybe it's time to remove the poll from topic? It is outdated.
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Ricklosti
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March 20, 2017, 10:23:51 PM |
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Hey guys, can someone explain to me how often stake rewards are minted and sent?
Is it weekly based off the # of coins you're staking and your wallet staking up time?
Yes, this is what I'm trying to figure out too. For example, let's say I have 3000 coins, and I put into my wallet today, how long until they are "mature"? And once it does stake, how long until it can be expected that they will stake again? In other words what is the minimum maturity requirement? And what the the maximum maturity allowed i.e. coin weight accumulation? PoS Stake Eligibility Minimum Input Age: 60 minutes Minimum Confirms: 101 confirms Not sure if we have maximum as we aren't based on coin age? (no idea) But yeah, my 10k that's staking returns approx 1 mints per day average for past few days. So basically, what your saying is the top addresses, are able to be staking a block every 101 blocks (every 1 hour and 40 minutes). Seems to me that only pays, to be in the top 101 address, because they will be doing nearly all of the staking if ever hour and 40 minutes they are able to stake a block all over again, if they have more coin weight than addresses with small addresses. Doesn't this seem kind of scammy or too centralized? Correct me if I'm wrong, here. If you only have 101 blocks separating new staking cycle, then there is no guarantee you will ever stake unless your in the top 101 addresses. |
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kokokoin
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March 20, 2017, 10:33:35 PM |
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It's not working that way. I was staking 20k coins and had regular payments.
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Ricklosti
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March 20, 2017, 10:37:45 PM |
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It's not working that way. I was staking 20k coins and had regular payments.
Please define what a "regular payment" is. And 20k coins is no small amount. That's like $9,000 worth at the moment. |
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EleanorZ
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March 20, 2017, 11:32:24 PM |
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Please define what a "regular payment" is. And 20k coins is no small amount. That's like $9,000 worth at the moment.
While others will have to address the technical details, I can confirm that even the smaller spinoff amounts from my MNs stake in my controller wallet before I move them along. It's generally around 1 stake/day +/-. Sometimes you get lucky and get a couple of stakes a day, and sometimes you go a couple of days with none. |
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Ricklosti
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March 20, 2017, 11:40:43 PM |
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Please define what a "regular payment" is. And 20k coins is no small amount. That's like $9,000 worth at the moment.
While others will have to address the technical details, I can confirm that even the smaller spinoff amounts from my MNs stake in my controller wallet before I move them along. It's generally around 1 stake/day +/-. Sometimes you get lucky and get a couple of stakes a day, and sometimes you go a couple of days with none. So you are staking from less than 100 coins every week? |
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Assman
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March 21, 2017, 12:06:34 AM |
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It's not working that way. I was staking 20k coins and had regular payments.
How regular would you estimate? And for approx how much PIVX? |
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JetstoBrazil
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March 21, 2017, 12:27:35 AM |
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anywhere to download the blockchain?
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jakiman
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March 21, 2017, 12:31:03 AM |
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How regular would you estimate? And for approx how much PIVX?
For my 10K PIV staking, i was receiving approx 1 payment per day for past week. Each Payment Reward from last Block for Miners/Stakers = 6.21 PIV http://178.254.23.111/~pub/DN/DN_masternode_payments_stats.html |
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Ricklosti
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March 21, 2017, 12:46:04 AM |
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Does 10k automatically make you a master node? |
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adu1t
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March 21, 2017, 02:35:49 AM |
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all my PoS staking chunks are broken into 2200-3000 Pivx + adding the staking reward (sure i have some smaller chunks e.g. 1000s) but i experienced in 2200-3000 are staked regularly
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How to split coins into chunks? Should I use different wallets, different IP's? |
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coinwider
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Put the fun back into banking!
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March 21, 2017, 03:07:34 AM
Last edit: March 21, 2017, 03:28:38 AM by coinwider |
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all my PoS staking chunks are broken into 2200-3000 Pivx + adding the staking reward (sure i have some smaller chunks e.g. 1000s) but i experienced in 2200-3000 are staked regularly
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How to split coins into chunks? Should I use different wallets, different IP's? nope, i was just describing how the PoS (staking) works - keep all in one wallet and as long open+online (+encrypted for staking) you as you can |
Put the fun back into banking! Use cryptocurrencies. --- PivX --- TenX --- Lisk --- Factom --- Siacoin ---
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jakiman
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March 21, 2017, 03:37:32 AM |
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UpdateProposal to get PIVX added to poswallet.com has passed with community donations to get us added there asap! Its comes with online wallet with staking, faucet, block explorer, and exchange listing. (On Android soon) For security they have 2 FA, hot/cold storage, coin servers are only accessible by 1 IP, ddos protection. Would be a nice service for those who prefer such convenience. I'll post an update when it goes live. 
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jakiman
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March 21, 2017, 03:39:32 AM |
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Does 10k automatically make you a master node?
No. It only gets locked as a masternode if you have have that 10k's txid added into the masternode.conf etc. So it doesn't become a masternode automatically. |
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Lercker
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March 21, 2017, 04:19:10 AM |
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UpdateProposal to get PIVX added to poswallet.com has passed with community donations to get us added there asap! Its comes with online wallet with staking, faucet, block explorer, and exchange listing. (On Android soon) For security they have 2 FA, hot/cold storage, coin servers are only accessible by 1 IP, ddos protection. Would be a nice service for those who prefer such convenience. I'll post an update when it goes live. Sounds like a good idea. Another lane of exposure and easy way for people to enter the PIVX world if they are squeamish on adding another wallet to their hard drive. |
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DesertDuke
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March 21, 2017, 05:14:01 AM |
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I'm looking for some advice on storing my PIVX.
At the moment they are on the Bittrex exchange but I am considering downloading the PIVX Windows wallet and transferring them there. Which is safer from a hacking/loss of coins point of view ? Bittrex has Google 2FA whereas I don't think the wallet has that level of security, so which one is better ?
Any feedback/experiences from anyone regarding safely storing PIVX coins is welcome.
I think any exchange is risky when you are holding big amount of coins. You can encrypt your wallet with strong passphrase so even if somebody steals your wallet.dat he can't use it. And don't forget when you are holding coins in running wallet you can launch staking and get free coins. [/quote] If you are looking for safety, consider using a paper wallet and holding your coins in cold storage. You can generate a paper wallet using the online wallet tool, or by using the BIP38 tool in the wallet. I recommend using the in wallet tool. [/quote] Thanks for the feedback. PIVX is my first official 30x bagger ! and I want to make sure I don't lose them. |
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