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Author Topic: Omicron - Dividend-Issuing Currency - Sixth dividends issued: 437 sats/OMC  (Read 54518 times)
drays
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November 20, 2016, 11:27:14 PM
 #761

hopefully someone will respond , cause I stated before I'm totally newbie in POS world
I'm trying to research more about the basics of POS , and I found that if you receive for example 10K coins in your wallet coming with one transaction is better than receiving them with like 10 transactions
is that really better for staking ?? and in my case I'm still building my wallet by throwing like 0.06 BTC in yobit every 3 days and then sending the OMC to my wallet , so should I create a new address and move the coins to the new address ??

hopefully you got my point

If you receive your coins to your wallet in one big transaction, then your coins will stake earlier. But that doesn't change much, as during the first stake they will split themselves to two equal parts (they are called "inputs"), as if you sent the coins to your wallet in two transactions instead of one.

After your two inputs stake, they will divide themselves into two parts again, so you will have 4 inputs. And so on, until wallet decides (lets don't go into details on how it will decide that), the coins (inputs) should not be split anymore.

So, regardless of whether you transmitted the coins to your wallet in one single transaction, on in several small ones, after few days, you will have the same situation - plenty of smaller inputs, which are staking from time to time.

An one more thing - the rewards will be the same in the long run, regardless of how many inputs do you have in your wallets. You will stake 5% per annum, one way or another Smiley

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SyGambler
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November 21, 2016, 09:24:56 AM
 #762


If you receive your coins to your wallet in one big transaction, then your coins will stake earlier. But that doesn't change much, as during the first stake they will split themselves to two equal parts (they are called "inputs"), as if you sent the coins to your wallet in two transactions instead of one.

After your two inputs stake, they will divide themselves into two parts again, so you will have 4 inputs. And so on, until wallet decides (lets don't go into details on how it will decide that), the coins (inputs) should not be split anymore.

So, regardless of whether you transmitted the coins to your wallet in one single transaction, on in several small ones, after few days, you will have the same situation - plenty of smaller inputs, which are staking from time to time.

An one more thing - the rewards will be the same in the long run, regardless of how many inputs do you have in your wallets. You will stake 5% per annum, one way or another Smiley

thanks a lot for responding , I was about to combine all the txs in one but I found that someone replied to my question
not sure why I found that advice while I was trying to understand POS , much appreciated my friend and thanks for your time  Smiley

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November 21, 2016, 06:37:28 PM
 #763


If you receive your coins to your wallet in one big transaction, then your coins will stake earlier. But that doesn't change much, as during the first stake they will split themselves to two equal parts (they are called "inputs"), as if you sent the coins to your wallet in two transactions instead of one.

After your two inputs stake, they will divide themselves into two parts again, so you will have 4 inputs. And so on, until wallet decides (lets don't go into details on how it will decide that), the coins (inputs) should not be split anymore.

So, regardless of whether you transmitted the coins to your wallet in one single transaction, on in several small ones, after few days, you will have the same situation - plenty of smaller inputs, which are staking from time to time.

An one more thing - the rewards will be the same in the long run, regardless of how many inputs do you have in your wallets. You will stake 5% per annum, one way or another Smiley

thanks a lot for responding , I was about to combine all the txs in one but I found that someone replied to my question
not sure why I found that advice while I was trying to understand POS , much appreciated my friend and thanks for your time  Smiley

You're definitely welcome! Smiley
That advise (to combine all inputs to get higher aggregated stake) may actually work well for some coins, depending on the actual number of coins at wallet balance, and actual network weight. Actually if your holdings are really small, its always better to have them combined, otherwise you may not be able to stake at all in practice. But for most PoS coins, and for balance of average size it wont do any difference.
What I wrote above should be correct particularly for OMC (based on how its wallet works), assuming you have your wallet open for staking 24/7.

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November 26, 2016, 04:02:57 PM
 #764

Looking forward to fifth dividend payment this weekend and a big thank you Gladimor for it in advance!
Omicron is great investment.
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November 27, 2016, 07:55:59 AM
 #765

My Mac wallet has been 'Out of Sync' for the past many days.
Is it just me or is anybody else also experiencing this?
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November 27, 2016, 12:18:36 PM
 #766

My Mac wallet has been 'Out of Sync' for the past many days.
Is it just me or is anybody else also experiencing this?

My Windows wallet syncs and stakes just fine. Has a lot of connections too...

Do you have connections? How many?

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November 27, 2016, 12:34:38 PM
 #767

My Mac wallet has been 'Out of Sync' for the past many days.
Is it just me or is anybody else also experiencing this?

My Windows wallet sync and stakes fine

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November 27, 2016, 12:48:30 PM
 #768

ok damn i have only  798 OMC, min 10k to receive dividens right? Is there chances to lower down the min requirement Tongue?





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SyGambler
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November 27, 2016, 02:29:37 PM
 #769

My Mac wallet has been 'Out of Sync' for the past many days.
Is it just me or is anybody else also experiencing this?

My Windows wallet syncs and stakes just fine. Has a lot of connections too...

Do you have connections? How many?


btw what does connection means ?? does it mean the number of people who are opening their wallet atm ?
during my first 4 or 5 days I was only getting 1 active connection , but after that I started to see 10 and more active connections
also when there is only 1 connection my wallet can't keep up to date with the blocks , I had to close it and open it in order to be updated
but when there is 5 or more connections life is really easier  Smiley my wallet is always up to date with the blockchain and staking is working really great
now it's showing only 1 active connection  Sad

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November 27, 2016, 09:38:26 PM
 #770

My Mac wallet has been 'Out of Sync' for the past many days.
Is it just me or is anybody else also experiencing this?

My Windows wallet syncs and stakes just fine. Has a lot of connections too...

Do you have connections? How many?


btw what does connection means ?? does it mean the number of people who are opening their wallet atm ?
during my first 4 or 5 days I was only getting 1 active connection , but after that I started to see 10 and more active connections
also when there is only 1 connection my wallet can't keep up to date with the blocks , I had to close it and open it in order to be updated
but when there is 5 or more connections life is really easier  Smiley my wallet is always up to date with the blockchain and staking is working really great
now it's showing only 1 active connection  Sad

Yes, basically connections show the number of people who have wallets open. In reality it is a bit more complex: more exactly it is the number of wallets or just nodes running and accessible from your network. It could be a regular user wallet, or a headless node (think Linux), or a block explorer node, a seednode etc.

Many users keep their wallets running all the time, and that ensures they (and others as well) have many connections. The longer you keep your wallet open, the more connections it will find.

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November 28, 2016, 05:18:44 AM
 #771

ok damn i have only  798 OMC, min 10k to receive dividens right? Is there chances to lower down the min requirement Tongue?

why don't you just buy more OMC, the minimum requirement was set from the beginning.

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November 28, 2016, 06:54:47 AM
 #772

My Mac wallet has been 'Out of Sync' for the past many days.
Is it just me or is anybody else also experiencing this?

My Windows wallet sync and stakes fine


Found out that my wallet somehow forked.
Backed up wallet.dat & peers.dat, downloaded and resynced from scratch, now it works fine.
Smiley
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November 28, 2016, 05:08:55 PM
 #773

@Gladimor, let us know, when will you be sending 5th dividend ? Thank you.
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November 28, 2016, 07:30:27 PM
 #774


Yes, basically connections show the number of people who have wallets open. In reality it is a bit more complex: more exactly it is the number of wallets or just nodes running and accessible from your network. It could be a regular user wallet, or a headless node (think Linux), or a block explorer node, a seednode etc.

Many users keep their wallets running all the time, and that ensures they (and others as well) have many connections. The longer you keep your wallet open, the more connections it will find.

thanks a lot for responding again , but I still don't fully understand it I mean like in general is there anything that I can do ??
also sometimes I'm getting 0 connections as it's showing in the picture
http://imgur.com/a/dRoUf

and it will stop staking at that point and it won't refresh if there is a new connection , so basically I have to close the wallet and open it again which is basically wasting a lot of staking time especially when I'm sleeping

also I've noticed that when there is low conncetions ( under 3 usually ) some of the blocks that I find showing " generated but not accepted " , so is that fixable ?? cause it's only happening when there is low amount of connections

thanks in advance my friend

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November 28, 2016, 08:25:15 PM
 #775

thanks a lot for responding again , but I still don't fully understand it I mean like in general is there anything that I can do ??
also sometimes I'm getting 0 connections as it's showing in the picture
http://imgur.com/a/dRoUf
and it will stop staking at that point and it won't refresh if there is a new connection , so basically I have to close the wallet and open it again which is basically wasting a lot of staking time especially when I'm sleeping
That's pretty unusual. If you have your wallet open all the time, you should have many stable connections. Probably there is something wrong with your connection to the Internet - meaning you are behind a router with some unusually strict firewall, or maybe having problems with UPNP... There is not much you can do there, except for trying to use another PC or better another connection to the network.
What you could try is:
(a) add more nodes to your "Omicron.conf" (C:\Users\<yourusername>\AppData\Roaming\Omicron).
For example like this (this is my config):
Code:
addnode=159.203.62.235
addnode=138.68.148.172
addnode=139.59.228.205
addnode=46.101.167.84
addnode=107.170.221.177
or even like this (this is the active node list from the official block explorer):
Code:
addnode=104.237.2.189
addnode=116.86.221.62
addnode=138.68.148.172
addnode=139.59.228.205
addnode=159.203.62.235
addnode=165.16.139.168
addnode=165.255.85.182
addnode=207.6.74.177
addnode=212.34.248.234
addnode=213.152.162.84
addnode=24.200.66.3
addnode=46.113.123.250
addnode=5.146.222.82
addnode=5.155.58.185
addnode=54.149.220.3
addnode=68.168.161.233
addnode=77.66.16.225
addnode=79.175.197.136
addnode=92.224.49.23
addnode=92.229.82.66

(b) if that doesn't help, play a bit with the "map port using UPnP" checkbox (it is in the Settings->Options->Network tab). Change it, then close/reopen the wallet and let it stake for a day. Se if you there is any difference.

If that doesn't help... hope others could suggest something (maybe debug.log should be checked).

also I've noticed that when there is low conncetions ( under 3 usually ) some of the blocks that I find showing " generated but not accepted " , so is that fixable ?? cause it's only happening when there is low amount of connections
That is expected. When you have unstable connection, your mined block cannot be broadcasted fast enough, and some other user stakes a block and wins that one. However do not worry too much - your coins do not lose their age, and the same coins will stake again very soon, and one of subsequent attempts will finally be accepted.

thanks in advance my friend
You're welcome Smiley

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November 29, 2016, 01:07:27 AM
 #776

A total of 5.30030709784 BTC has been sent to a total of 20 registered balances (1709776.48317 OMC). The average dividend payout for the 2-week period is 0.00000310 BTC per OMC.
Here are a portion of the trades that occurred during the past 2 weeks for Delta Investments. Due note that not all trades are shown (on various exchanges, and no trading losses are shown as well).




Due to the minimal trading returns during these 2 weeks, a few BTC from the IAO fund have been added to this dividend distribution. All bonus BTC was accrued through successful trades in the past weeks.





Full time miner and CEO
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December 03, 2016, 11:21:32 PM
 #777

What a silence here Smiley

Well, this was actually expected. One cannot make big constant profit all the time. Trading is a gamble to some extend, even if the trader is skillful.
The good point is - it was a positive balance (even being small), not a negative one! Smiley

Keep it up, Gladimor, and thanks for topping it up by past week profits!

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December 04, 2016, 05:14:22 PM
 #778

It was about 2.6% for a price of 12k, that isn't a bad payout at all. Especially considering that it was called a bad week and that was not really surprising since the BTC price is still strangling the alt-market. It just looks to have fallen a bit short because of the really great payouts we got prior of it.

Now I hope the markets slowly get used to this BTC price and get more lively again. The chance is not bad, the majority opinion just has to swing back that BTC got to that level to stay, or even continues to slowly rise for a longer period of time. After all it more and more looks like FIAT is the thing to spend quickly at the markets, preferably as a credit even, but crypto the currency you want to hold money in because it's still way easier to pay with it than gold. Smiley
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December 10, 2016, 11:00:38 AM
 #779

Wow, what's wrong with OMC, seems there a huge drop today :/

Almsot 55% in from 10k > 4k





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szafa
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December 10, 2016, 11:10:18 AM
 #780

Dump of stake rest in wallet.
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