💦[RAIN]💦X11💦ONLY DL FROM GITHUB!💦20,000,000 COINS BURNED!💦condensate.co💦

[hammerhart]

Nice, love coin burns, they always manage to make the coin increase in value. This is not an exception. Nice GitHub, name and logo too.

they have proven by burning the remaining coins, of course this is a good action from developers to keep investor confidence
the burning of this coin will have a good impact on prices, investors are satisfied because it will get a big profit

Can you guys please show me where it has been mentioned that the dev will be burning RAIN coins? I can't seem to find this anywhere, I know some people of the community suggested this but I haven't seen an official word from the dev about this. If it was posted in the slack group then please share the update here as I would like to see it.

i would guess he is refering to the title of this thread^^
as i am thinking to expand my invest- why should i split my blocks..is it only the more regular rain drop? Or anything beyond that? if i think of it as 40k stake every day x% (e.g. 1000) or a stake from the 10k block every forth day( e,g. 1000) with resutls in averrage of a stake every 1 day for 1000...so where would be the benefit of splitting? beside beeing able to spend 10k withot destroying the big stake-block;)

I have mentioned this many times before in this thread, the reason why its best to split your coins into blocks is so that you can stake more often. If you have one large block of say 100k you will stake fast however once you stake you then need to wait until it confirms and then wait until that lot of coins mature again for staking. Now if you had 5 x 20k blocks you might get 2 blocks stake quickly but have 3 more still staking while the first two blocks are confirming and then maturing. This gives you coins staking all the time.

okay, i can follow your argumentation - altough i have to admit i am not really convinced by the argument (i am sorry:( for me in the end once the 3 blocks staked have to mature as well..so for my understanding i feel "every coin" stakes once in a while and has then to mature...the compounding effect with more often and quicker stakes is a different topic )- however did anyone did a real comparision with actual numbers on this? or in other words about how much improvement do we talk here;)

[Ramulen]

I bought some coins. Not that much, but lets see, how it improves.
Go Rain go!   

[yeyz600]

The project got enough traction and was supported by a lot of people. As I think this idea is interesting, there is a good team.

[cryptololnolol]

The project got enough traction and was supported by a lot of people. As I think this idea is interesting, there is a good team.

Thats not a fair assessment. If you read all pages in this thread, you'd see many mistakes were made by the one and only Dev. At the same time, the community was very impatient and harsh (with exeptions who had more reasonable expectations).

I'm going to be honest, it doesnt look well for RAIN. Is money to be made? Yeah sure. But the fundamentals of this project, although somewhat stabble opperations, are not great.

Yet, Dev could sillently be working on the next phase he layed out in the first pages of this thread, but who knows...
Also, from the very first posts in this thread he's been asking for other Devs to help him, even in his last communications. If help doesnt come, nothing changes.
One reason for help not to come is because Dev didn't keep his end of some deals he made with people helping out. And that can happen because its an one man show.

Best thing I think for Dev is to come clean once again and to allow people in who want to be of help. I want to help, but only if he's willing to share with the community.

In the meantime, lets keep it real.

[Guffer]

The project got enough traction and was supported by a lot of people. As I think this idea is interesting, there is a good team.

Thats not a fair assessment. If you read all pages in this thread, you'd see many mistakes were made by the one and only Dev. At the same time, the community was very impatient and harsh (with exeptions who had more reasonable expectations).

I'm going to be honest, it doesnt look well for RAIN. Is money to be made? Yeah sure. But the fundamentals of this project, although somewhat stabble opperations, are not great.

Yet, Dev could sillently be working on the next phase he layed out in the first pages of this thread, but who knows...
Also, from the very first posts in this thread he's been asking for other Devs to help him, even in his last communications. If help doesnt come, nothing changes.
One reason for help not to come is because Dev didn't keep his end of some deals he made with people helping out. And that can happen because its an one man show.

Best thing I think for Dev is to come clean once again and to allow people in who want to be of help. I want to help, but only if he's willing to share with the community.

In the meantime, lets keep it real.

I don't know the project in the same depth as you do, but I think you assess the situation correctly. And I add I find Condensate a great and unique project with the potential of becoming real big. But it'd be work-intensive to get there, and require a long-term dedicated team.

[cryptololnolol]

he is talking about combine all stakes. but how i can split my 5k stack into 2x 2,5k

Simple, in your wallet click settings then a window will pop up. Then click the display tab and check the box that says "Display coin control features" Once done click apply and OK. Now to split them into 2.5k blocks you need to send coins to yourself so click on send coins, then you will see a tab "Inputs" click that, once done a pop up window will show and then you need to click "list mode" now you will see all your coins in your case your 5k block. Now check the box next to that 5k coins, then click OK. Now in the Pay To enter your wallet address and in the amount box enter 2.5k and don't forget the 0.10 Rain fee so it will be 2500.1 and then click send. That is it now you have your coins split into 2.5k blocks.

Hey Vella, I was having a look at this nice post. Question: When I go "list mode", I see 4 batches of Rain, these are the 4 times I've send Rain to the same address in my wallet. So how does this work? Do I check all 4 boxes?

EDIT: When I click the arrow next to it, the four transactions fold into 1. So is that considered one block? Or is every transaction 1 block?
Also, can I just one and the same address to create more blocks or should I use a new address for every block?
Cheers

Hello,

Yes from what you are saying these 4 lots of coins you sent are in 4 blocks, now depending on how much is in each block will depend on how often you stake. I think 10k blocks are best right now but like I mentioned in a previous post it might be best to make them either 15k blocks or 20k blocks. They are 4 blocks but under the one address which is fine as one of the blocks might stake while you have the other 3 waiting to stake instead of one large block where if it stakes you then need to wait for it to confirm and then wait for that block to mature again for staking. This way if one of the 4 blocks stakes you still have 3 blocks staking and then you should always have a block staking while the other/s mature for staking. This is why people should be splitting their RAIN into blocks to benefit more from staking.

Ah alright! But the thing is, these were very small transactions. Is there also a way of merging these 4 transactions into one block or can I add to these blocks? Or otherwise every transaction becomes a block. Thanks for helping out!

Yes you can merge them into larger blocks if you like. You need to activate coin control, click on the settings tab in your wallet and then options, a box will pop up with some options now click on Display. You will see 2 options and the box you want to check is "Display coin control features (experts only)" once done click apply then okay. Now once you have done that and closed the pop up window click on "Send coins" tab in your wallet and you should see the Coin control features Click the "Inputs" tab and a window will pop up then you will see Tree mode and List mode. Select list mode and there you will have all your coins showing, now if you want to combine them all into blocks of 10k you just check all the boxes that add up to 10k then click ok. Now have them sent to your address by entering your address and the total amount you like to send, in this case at least 10k or what ever amount you would like.

Thank you again, funny thing is, I got a stake today and that somehow combined a few deposits, so now I have 2 blocks instead of 4. It combined the 3 smalest blocks. somehow. Is that normal? (they were really small blocks.)

[vella85]

Nice, love coin burns, they always manage to make the coin increase in value. This is not an exception. Nice GitHub, name and logo too.

they have proven by burning the remaining coins, of course this is a good action from developers to keep investor confidence
the burning of this coin will have a good impact on prices, investors are satisfied because it will get a big profit

Can you guys please show me where it has been mentioned that the dev will be burning RAIN coins? I can't seem to find this anywhere, I know some people of the community suggested this but I haven't seen an official word from the dev about this. If it was posted in the slack group then please share the update here as I would like to see it.

i would guess he is refering to the title of this thread^^
as i am thinking to expand my invest- why should i split my blocks..is it only the more regular rain drop? Or anything beyond that? if i think of it as 40k stake every day x% (e.g. 1000) or a stake from the 10k block every forth day( e,g. 1000) with resutls in averrage of a stake every 1 day for 1000...so where would be the benefit of splitting? beside beeing able to spend 10k withot destroying the big stake-block;)

I have mentioned this many times before in this thread, the reason why its best to split your coins into blocks is so that you can stake more often. If you have one large block of say 100k you will stake fast however once you stake you then need to wait until it confirms and then wait until that lot of coins mature again for staking. Now if you had 5 x 20k blocks you might get 2 blocks stake quickly but have 3 more still staking while the first two blocks are confirming and then maturing. This gives you coins staking all the time.

okay, i can follow your argumentation - altough i have to admit i am not really convinced by the argument (i am sorry:( for me in the end once the 3 blocks staked have to mature as well..so for my understanding i feel "every coin" stakes once in a while and has then to mature...the compounding effect with more often and quicker stakes is a different topic )- however did anyone did a real comparision with actual numbers on this? or in other words about how much improvement do we talk here;)

Yes true but this is what has been working for me just fine. Like some days I could get 3 or 4 stakes in a day from those 3 or 4 blocks but then still have 1 block ready for staking while the other 3 or 4 blocks need to confirm and then mature for staking again. Also don't forget the rewards are random so if you had one large block you could get say 500 coins but with smaller blocks you could get 100, 200, 300 or 500 coins from each block making it more coins then the larger block. People can do what they want and try many things to see what works for them. This works for me so I'm sticking to it. Good luck!

[Harlekin987]

hi guys is the project dead or worth to stake ?

[cryptololnolol]

hi guys is the project dead or worth to stake ?

read the last few posts or pages and you'll be informed again. 

[Guffer]

hi guys is the project dead or worth to stake ?

Price fluctuates, of course, but coin is relatively stable. Huge potential is thwarted by either the dev's inefficient activity, or inactivity.

[vella85]

I just want to add onto my point about splitting blocks up into smaller blocks to earn more stakes. Yesterday I staked 3 times within 5 hours of each other, so my point is if I had all these 3 blocks into 1 large block I wouldn't of earned as much as I did with these 3 blocks. I got 545 coins, 645 and 775 staking rewards. That was from 10k blocks, they are different amounts due to the fact Rain is random rewards so again if I had one large block of 30k I might not of got what I did with 3x 10k blocks.

[GeorgKrypto]

hi is the projekt dead or team is still working on it ?

[cryptololnolol]

hi is the projekt dead or team is still working on it ?

No one knows, but if you read page 80 till current page, you'll read that there were some plans. But for now we have to assume the worst.

[vella85]

hi is the projekt dead or team is still working on it ?

No one knows, but if you read page 80 till current page, you'll read that there were some plans. But for now we have to assume the worst.

That's right and for anyone getting in now is taking a big risk/gamble. I still get messages on Twitter about RAIN and I just tell them if they are willing to take the risk because there is no active development and the dev is MIA then go for it. I also say that for me to recommend RAIN again I would like to see the dev post some updates on where the project is at and see him active again, until then I can't recommend this coin to anyone unless they want to take the risk.

[hammerhart]

I just want to add onto my point about splitting blocks up into smaller blocks to earn more stakes. Yesterday I staked 3 times within 5 hours of each other, so my point is if I had all these 3 blocks into 1 large block I wouldn't of earned as much as I did with these 3 blocks. I got 545 coins, 645 and 775 staking rewards. That was from 10k blocks, they are different amounts due to the fact Rain is random rewards so again if I had one large block of 30k I might not of got what I did with 3x 10k blocks.

Interesting point- due you know the mechanics of this random drop? Otherwise i would assume somehow gaussian...and for me it would mean by splitting into blocks i would reduce my risk/variance to be away from the mean value. .but with many satkes i guess we all reach the mean somehow. Well if you are staking 3×10k - i am currently staking something like 35k -we can compare some numbers; ) i will chdck and post them

[Dht20]

What about linux wallet?!? The link is broken..

[vella85]

I just want to add onto my point about splitting blocks up into smaller blocks to earn more stakes. Yesterday I staked 3 times within 5 hours of each other, so my point is if I had all these 3 blocks into 1 large block I wouldn't of earned as much as I did with these 3 blocks. I got 545 coins, 645 and 775 staking rewards. That was from 10k blocks, they are different amounts due to the fact Rain is random rewards so again if I had one large block of 30k I might not of got what I did with 3x 10k blocks.

Interesting point- due you know the mechanics of this random drop? Otherwise i would assume somehow gaussian...and for me it would mean by splitting into blocks i would reduce my risk/variance to be away from the mean value. .but with many satkes i guess we all reach the mean somehow. Well if you are staking 3×10k - i am currently staking something like 35k -we can compare some numbers; ) i will chdck and post them

No one knows what we will earn from the random rewards but we do know that it is 200% APR. That of course a lot more when compounding takes effect so it works out to be a lot more then that. Well I just staked again a few hours ago with one of my 20k blocks and got 530 coins, I'm seeing stakes for 20k blocks anywhere from 300 all the way up to 800 coins. Not sure what bigger block sizes are staking, maybe someone who has bigger block sizes of say 50k can let us know what they stake with that amount?

[psycho-pat]

What about linux wallet?!? The link is broken..

Best option is to compile from github source.
The Raspberry pi howto also applies to other linux system https://docs.google.com/document/d/1ZqF0KnPQGWqPoYtVmSakBIykbU33s7K69IJpTP6eg_s/edit#heading=h.tnthaqa2rxry

[cryptololnolol]

I just want to add onto my point about splitting blocks up into smaller blocks to earn more stakes. Yesterday I staked 3 times within 5 hours of each other, so my point is if I had all these 3 blocks into 1 large block I wouldn't of earned as much as I did with these 3 blocks. I got 545 coins, 645 and 775 staking rewards. That was from 10k blocks, they are different amounts due to the fact Rain is random rewards so again if I had one large block of 30k I might not of got what I did with 3x 10k blocks.

Interesting point- due you know the mechanics of this random drop? Otherwise i would assume somehow gaussian...and for me it would mean by splitting into blocks i would reduce my risk/variance to be away from the mean value. .but with many satkes i guess we all reach the mean somehow. Well if you are staking 3×10k - i am currently staking something like 35k -we can compare some numbers; ) i will chdck and post them

No one knows what we will earn from the random rewards but we do know that it is 200% APR. That of course a lot more when compounding takes effect so it works out to be a lot more then that. Well I just staked again a few hours ago with one of my 20k blocks and got 530 coins, I'm seeing stakes for 20k blocks anywhere from 300 all the way up to 800 coins. Not sure what bigger block sizes are staking, maybe someone who has bigger block sizes of say 50k can let us know what they stake with that amount?

Take the richlist and refresh after some time to see how much these guys stake.
http://condensate.io/richlist

I read something about some people want smaller stake rewards. Why do they want that? I would be against it.

[petrserebrennikov321]

I read different opinions in the topic of this project. I did not follow him from the beginning. Is the project good or bad?