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Author Topic: [GBIT] GRAVITYBITS - SHA256 - POW/hiPOS - GravityBits Auctions  (Read 12841 times)
ardani332
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January 31, 2016, 07:26:01 PM
 #61

waiting exchange  Cheesy


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January 31, 2016, 08:16:40 PM
 #62

staking just great

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anticlimax
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February 01, 2016, 02:28:23 AM
Last edit: February 01, 2016, 02:40:52 AM by anticlimax
 #63

The dev resisted 3 days and 11 messages. Tooo much trolls around here Cheesy

Still, it would be nice to hear from him..

I do not say it is the case but please give the dev a break, it is weekend.

Many investors demand devs being online 24/7, 7 days a week.

They also have a life!!!
NO, the problem isn't that he is not online 24/7 but he haven't even logged in for a few days now

No offence, but it sounds like you have some major anxiety/trust issues.

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SIX3P0
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February 01, 2016, 05:10:13 PM
 #64

Looking to buy coins before hpos, pm me price
davien
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February 01, 2016, 06:45:59 PM
 #65

The dev resisted 3 days and 11 messages. Tooo much trolls around here Cheesy

Still, it would be nice to hear from him..

I do not say it is the case but please give the dev a break, it is weekend.

Many investors demand devs being online 24/7, 7 days a week.

They also have a life!!!
NO, the problem isn't that he is not online 24/7 but he haven't even logged in for a few days now

No offence, but it sounds like you have some major anxiety/trust issues.

In who the f*ck can you trust over here mate ?Cheesy

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February 01, 2016, 09:05:46 PM
 #66

Hash is rising steady.
We need an exchange, dev have you contacted any?
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February 01, 2016, 10:15:01 PM
 #67

We will have updates on the project tonight.
ardani332
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February 02, 2016, 08:51:39 AM
 #68

waiting update info dev
everyone waiting exchange  Wink


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February 02, 2016, 01:04:47 PM
 #69

We will have updates on the project tonight.

Which night? Too long to release something!
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February 02, 2016, 01:53:29 PM
 #70

How long do these coins take to mature? had in wallet almost 24h and still not mature  Embarrassed
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February 02, 2016, 02:00:23 PM
 #71

How long do these coins take to mature? had in wallet almost 24h and still not mature  Embarrassed

I think it's 1 day
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February 02, 2016, 02:59:11 PM
 #72

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

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February 02, 2016, 03:15:12 PM
 #73

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

hiPOS is High Interest Proof of Stake. Essentially; a POS system that is a fixed reward rather than a percentage yield; which is awarded out based on luck/coin age/coin weight.

So hiPOS will pay X coins from blocks A to B Block Number.

With this coin; it is hiPOS until block 300,000, then it moves to POS, which is 14% APY.

RE: Roberto; yes; 1 Day is the maturity for this coin according to main.cpp in the git pull.

Cheers,

Strato
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February 02, 2016, 04:03:23 PM
 #74

Great Staking coin. So far solid. I just keep mining at bitgen.net

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February 02, 2016, 05:00:25 PM
 #75

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

hiPOS is High Interest Proof of Stake. Essentially; a POS system that is a fixed reward rather than a percentage yield; which is awarded out based on luck/coin age/coin weight.

So hiPOS will pay X coins from blocks A to B Block Number.

With this coin; it is hiPOS until block 300,000, then it moves to POS, which is 14% APY.

RE: Roberto; yes; 1 Day is the maturity for this coin according to main.cpp in the git pull.

Cheers,

Strato
So basically it's just a normal pos with high reward, nothing special

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February 02, 2016, 05:30:22 PM
 #76

static const int LAST_POW_BLOCK = 15000;
{"code":-1,"message":"No more PoW blocks"}
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February 02, 2016, 10:10:14 PM
 #77

PoW is now over, those still mining should point their rigs/rentals elsewhere.

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February 02, 2016, 10:20:35 PM
 #78

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

hiPOS is High Interest Proof of Stake. Essentially; a POS system that is a fixed reward rather than a percentage yield; which is awarded out based on luck/coin age/coin weight.

So hiPOS will pay X coins from blocks A to B Block Number.

With this coin; it is hiPOS until block 300,000, then it moves to POS, which is 14% APY.

RE: Roberto; yes; 1 Day is the maturity for this coin according to main.cpp in the git pull.

Cheers,

Strato
So basically it's just a normal pos with high reward, nothing special

Pretty much; someone correct me if I'm wrong of course. Its essentially a coined term (theres little documentation on hiPOS; it's an acronym dev's use and nothing more).

I view hiPOS as an extension of POW. Where hiPOS blocks equal the output in terms of coin count as POW blocks - in a short period of time. So a hiPOS coin would say have a total 10M coins; 5M of which are POW over a timespan of 60 Days; and the other 5M are hiPOS minted as POS over an additional 60 Days.

Viewed from an APY standpoint; that's in the 10s of 1000s of percent APY. Add in a short maturity time; say 24 or 48 hours, and the compounding effects of hiPOS reward blocks earning hiPOS reward blocks... you get the picture.

It's not necessarily a bad thing. I don't think I've seen a hiPOS coin that uses hiPOS perpetually. It is usually used to supplement POW, and once hiPOS ends, a standard POS structure is implemented based on a more reasonable (subjective) reward rate. In this case it's 14%, but some hiPOS coins go the route of a more sustainable POS rate like 2% or 3% APY.


Strato
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February 02, 2016, 10:30:58 PM
 #79

What are the plans for this coin?

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February 02, 2016, 10:38:05 PM
Last edit: February 02, 2016, 10:49:47 PM by anticlimax
 #80

What does hiPOS exactly mean? I've seen a few hiPos coins in the last few months but i've never really understood it

hiPOS is High Interest Proof of Stake. Essentially; a POS system that is a fixed reward rather than a percentage yield; which is awarded out based on luck/coin age/coin weight.

So hiPOS will pay X coins from blocks A to B Block Number.

With this coin; it is hiPOS until block 300,000, then it moves to POS, which is 14% APY.

RE: Roberto; yes; 1 Day is the maturity for this coin according to main.cpp in the git pull.

Cheers,

Strato
So basically it's just a normal pos with high reward, nothing special

Pretty much; someone correct me if I'm wrong of course. Its essentially a coined term (theres little documentation on hiPOS; it's an acronym dev's use and nothing more).

I view hiPOS as an extension of POW. Where hiPOS blocks equal the output in terms of coin count as POW blocks - in a short period of time. So a hiPOS coin would say have a total 10M coins; 5M of which are POW over a timespan of 60 Days; and the other 5M are hiPOS minted as POS over an additional 60 Days.

Viewed from an APY standpoint; that's in the 10s of 1000s of percent APY. Add in a short maturity time; say 24 or 48 hours, and the compounding effects of hiPOS reward blocks earning hiPOS reward blocks... you get the picture.

It's not necessarily a bad thing. I don't think I've seen a hiPOS coin that uses hiPOS perpetually. It is usually used to supplement POW, and once hiPOS ends, a standard POS structure is implemented based on a more reasonable (subjective) reward rate. In this case it's 14%, but some hiPOS coins go the route of a more sustainable POS rate like 2% or 3% APY.


Strato

HiPOS is just another reward structure variant used to promote holding/staking/trading of a coin.
Using coin control properly, you can increase your holdings considerably vs the standard APR some POS coins use. HiPOS is great for incentivizing people to hold as developers release more info on their projects, while also allowing people with smaller holdings to benefit greatly by simply finding a few blocks at the right time.

This type of reward structure was made popular by coins such as Positron and BitBean in early 2015.

twitter @antiiclimax
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