[ANN][ECA] Electra ⚡ | POS 3.0e | Super Rewards Bonanza

[kxz1498]

STaked but orphaned means it wasnt accepted. Someone else mined the block before you.

[Archetipo]

So I will not receive the reward for the 1 year stake I did?
It seems strange to me that there are no variables to reach the prize but the only condition was to have the coins and leave the wallet for some periods in open stakes.

[GoodHabit]

hello I need a clarification courtesy

After updating the wallet qt 2.0 in a positive way, I understand that the coverage for the electra in stake results in an orphan block dated 01/01/2019, tells me that the transaction was generated but not accepted, I have bought and put in stakje about 30.000 ela on 22/03/2018, I will receive the fee on 22/03/2019 of 11.800 eca of the orphan transaction of 01/01/2019?

Thank you

Sorry, but you obviously did entirely miss-understand the concept of staking. While staking rates are calculated on annual basis, staking reward is for generating a block. You don't get reward if your wallet is not selected to add a block to the blockchain. If your wallet generates a bloc, the reward will be calculated automatically for the time since it was deposited at this address and not moved (if it staked previously, that stake counted as moving coins..) - Reward will be pro rata (for the time that has passed since last movement), but on annual basis.

When you deposited your coins on 22/03/2018, the Electra-wallet version was still QT 1.2, and the (annualized) reward would have been 50%. But - as you only deposited 30k coins, you would likely never stake, because this amount was mostly far to low to ever stake in 1.2.

Then, in the beginning of october 2018, a new wallet was declared mandatory, the 1.3 version. This increased the number of blocks, but dramatically reduced the staking reward, to 2.5 % - annually. Obviously, you missed that update, so you continued staking on the old - "Pre-Fork 1" chain. As most people, and at least most with large wallets, adopted to 1.3 eventually, the number of coins that were staked on 1.2 wallets plummeted, and thus staking became easier. This is the reason that you did "receive" a reward of 11'800 ECA on 01/01/2019 (the amount would be correct if 50 % would still be the rule, as it was on the 1.2 wallets..) - but this reward - this stake - only happened on the 1.2 Chain, which - by most people - is considered worthless...

Now, in February, a massiv Upgrade of the Network happened, with migration to an entirely new Blockchain, using QT 2.0.x wallets. When you did this update, the new blockchain only accepted those transactions that would be valid on that chain, that is transactions that are valid with the 1.3 wallet before the second Fork Block at 182'750. And this means that all transactions that were generated on the 1.2 chain after block 112'200 (if I recall correctly) - are invalid (non-existent) on the actual chain.

So, if you continue staking, you might still generate a block on the new chain, and eventually gain the reward for the full time (although only at a rate of 2.5% annually, at the moment, scheduled to decrease further...). The reward is not due at a given date, so it will not be paid after the year is complete, but whenever you generate a block... (that is - earlier or later). Unfortunately, 30k ECA is probably still on the lower end for ever getting a stake - although at the present high number of blocks generated, the threshold has certainly come down much..

[kxz1498]

Holy crap. Got rejected stakes 5 times ina  row? Do I need to delete appdata? I guess I do.

[tranquilitor]

Electra listed on coinexchange!
Trade here:
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https://www.coinexchange.io/market/ECA/LTC
https://www.coinexchange.io/market/ECA/ETH

[cryt0_l0rd]

hello I need a clarification courtesy

After updating the wallet qt 2.0 in a positive way, I understand that the coverage for the electra in stake results in an orphan block dated 01/01/2019, tells me that the transaction was generated but not accepted, I have bought and put in stakje about 30.000 ela on 22/03/2018, I will receive the fee on 22/03/2019 of 11.800 eca of the orphan transaction of 01/01/2019?

Thank you

Sorry, but you obviously did entirely miss-understand the concept of staking. While staking rates are calculated on annual basis, staking reward is for generating a block. You don't get reward if your wallet is not selected to add a block to the blockchain. If your wallet generates a bloc, the reward will be calculated automatically for the time since it was deposited at this address and not moved (if it staked previously, that stake counted as moving coins..) - Reward will be pro rata (for the time that has passed since last movement), but on annual basis.

When you deposited your coins on 22/03/2018, the Electra-wallet version was still QT 1.2, and the (annualized) reward would have been 50%. But - as you only deposited 30k coins, you would likely never stake, because this amount was mostly far to low to ever stake in 1.2.

Then, in the beginning of october 2018, a new wallet was declared mandatory, the 1.3 version. This increased the number of blocks, but dramatically reduced the staking reward, to 2.5 % - annually. Obviously, you missed that update, so you continued staking on the old - "Pre-Fork 1" chain. As most people, and at least most with large wallets, adopted to 1.3 eventually, the number of coins that were staked on 1.2 wallets plummeted, and thus staking became easier. This is the reason that you did "receive" a reward of 11'800 ECA on 01/01/2019 (the amount would be correct if 50 % would still be the rule, as it was on the 1.2 wallets..) - but this reward - this stake - only happened on the 1.2 Chain, which - by most people - is considered worthless...

Now, in February, a massiv Upgrade of the Network happened, with migration to an entirely new Blockchain, using QT 2.0.x wallets. When you did this update, the new blockchain only accepted those transactions that would be valid on that chain, that is transactions that are valid with the 1.3 wallet before the second Fork Block at 182'750. And this means that all transactions that were generated on the 1.2 chain after block 112'200 (if I recall correctly) - are invalid (non-existent) on the actual chain.

So, if you continue staking, you might still generate a block on the new chain, and eventually gain the reward for the full time (although only at a rate of 2.5% annually, at the moment, scheduled to decrease further...). The reward is not due at a given date, so it will not be paid after the year is complete, but whenever you generate a block... (that is - earlier or later). Unfortunately, 30k ECA is probably still on the lower end for ever getting a stake - although at the present high number of blocks generated, the threshold has certainly come down much..

Amazing Explaination

[Archetipo]

hello I need a clarification courtesy

After updating the wallet qt 2.0 in a positive way, I understand that the coverage for the electra in stake results in an orphan block dated 01/01/2019, tells me that the transaction was generated but not accepted, I have bought and put in stakje about 30.000 ela on 22/03/2018, I will receive the fee on 22/03/2019 of 11.800 eca of the orphan transaction of 01/01/2019?

Thank you

Sorry, but you obviously did entirely miss-understand the concept of staking. While staking rates are calculated on annual basis, staking reward is for generating a block. You don't get reward if your wallet is not selected to add a block to the blockchain. If your wallet generates a bloc, the reward will be calculated automatically for the time since it was deposited at this address and not moved (if it staked previously, that stake counted as moving coins..) - Reward will be pro rata (for the time that has passed since last movement), but on annual basis.

When you deposited your coins on 22/03/2018, the Electra-wallet version was still QT 1.2, and the (annualized) reward would have been 50%. But - as you only deposited 30k coins, you would likely never stake, because this amount was mostly far to low to ever stake in 1.2.

Then, in the beginning of october 2018, a new wallet was declared mandatory, the 1.3 version. This increased the number of blocks, but dramatically reduced the staking reward, to 2.5 % - annually. Obviously, you missed that update, so you continued staking on the old - "Pre-Fork 1" chain. As most people, and at least most with large wallets, adopted to 1.3 eventually, the number of coins that were staked on 1.2 wallets plummeted, and thus staking became easier. This is the reason that you did "receive" a reward of 11'800 ECA on 01/01/2019 (the amount would be correct if 50 % would still be the rule, as it was on the 1.2 wallets..) - but this reward - this stake - only happened on the 1.2 Chain, which - by most people - is considered worthless...

Now, in February, a massiv Upgrade of the Network happened, with migration to an entirely new Blockchain, using QT 2.0.x wallets. When you did this update, the new blockchain only accepted those transactions that would be valid on that chain, that is transactions that are valid with the 1.3 wallet before the second Fork Block at 182'750. And this means that all transactions that were generated on the 1.2 chain after block 112'200 (if I recall correctly) - are invalid (non-existent) on the actual chain.

So, if you continue staking, you might still generate a block on the new chain, and eventually gain the reward for the full time (although only at a rate of 2.5% annually, at the moment, scheduled to decrease further...). The reward is not due at a given date, so it will not be paid after the year is complete, but whenever you generate a block... (that is - earlier or later). Unfortunately, 30k ECA is probably still on the lower end for ever getting a stake - although at the present high number of blocks generated, the threshold has certainly come down much..

thank you so much for the explanation .... so I took it where it does not beat the sun;) damn

[Electra01]

Dear Stakeholders,

A total of 10,200,000 ECA has been gifted to Electra users who were involved in the recent fork development.

[cryt0_l0rd]

Dear Stakeholders,

A total of 10,200,000 ECA has been gifted to Electra users who were involved in the recent fork development.

That's amazing E01

A sweet gesture from your side towards the community developers.

Thank you so much

[LightInOut]

Dear Stakeholders,

A total of 10,200,000 ECA has been gifted to Electra users who were involved in the recent fork development.

That's amazing E01

A sweet gesture from your side towards the community developers.

Thank you so much

This ECA didn't go to the community developers. Electra team does not even have developers LOL

It went to the external company the team hired to help develop the fork  

E01 even explained it in earlier posts

[Electra01]

Dear Stakeholders,

A total of 10,200,000 ECA has been gifted to Electra users who were involved in the recent fork development.

That's amazing E01

A sweet gesture from your side towards the community developers.

Thank you so much

This ECA didn't go to the community developers. Electra team does not even have developers LOL

It went to the external company the team hired to help develop the fork  

E01 even explained it in earlier posts

It did go to community developers.

[cryt0_l0rd]

This ECA didn't go to the community developers. Electra team does not even have developers LOL

It went to the external company the team hired to help develop the fork  

E01 even explained it in earlier posts

Ohh you are back from one more mini-break. Do you go on a break to think what should be the next move to spread FUD?

Anyways if you can see community developers like Ruru, Jenova and Nash are working continuously by staying public and not everyone likes to be in front some prefer to work in the background like you are working spreading FUD continuously by creating a fake account and not revealing your identity.

Anyways as long as project is moving we don't care who is working on the project is it external or internal who cares.

So please come up with something new now.

[cryt0_l0rd]

It did go to community developers.

You are wasting your time explaining him. His purpose here is to spread FUD and negativity no matter what truth is.

So I prefer to ignore him and concentrate on people and accounts that are genuine.

[Electra01]

1,050,425 ECA has been donated to support Electra at the upcoming Crypto Conference in Berlin.

[ToretoDom]

This is a promising project!  The idea of project was relevant and catchy. There is no denying that this project will become a really good one. Congratulations

[cryt0_l0rd]

1,050,425 ECA has been donated to support Electra at the upcoming Crypto Conference in Berlin.

One more good work from E01.

With your every message you just make sure you turn one hater into your supporter.

Amazing work E01 keep up the good work.

We all here support you and the whole ECA project and community

[peterlustig]

What will happen once we reach the maximum circulating supply? Will we not receive any staking reward after that?

[Apfelgluck]

Reward % is halving each year so it will not happen.

[cryt0_l0rd]

What will happen once we reach the maximum circulating supply? Will we not receive any staking reward after that?

The reward is halving every year so it will take couple of decades to reach the total supply.

Also POS coins have no hard cap on supply not just ECA but all the POS coins so coins continue to get added even after supply is reach.


That's how POS coins work but still it will take few decades to reach that stage.

[peterlustig]

What will happen once we reach the maximum circulating supply? Will we not receive any staking reward after that?

The reward is halving every year so it will take couple of decades to reach the total supply.

Also POS coins have no hard cap on supply not just ECA but all the POS coins so coins continue to get added even after supply is reach.


That's how POS coins work but still it will take few decades to reach that stage.

Thank you for explaining it to me. I had completely different idea how maximum supply comes into play. sent +1 merit to you