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awas
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November 21, 2017, 10:49:36 PM |
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Can anyone explain to me how the cloud mining works here?
To enter the coin forging pool and be able to earn with Interstellar Coin, one simply needs to keep the wallet online to be considered an active blockchain node But doesnt it mean that there might be unnecessary power spending involved Oh there might be, but that is not a big problem And the cloud mining is available for all users ? This is a great privilege Cloud mining service available for all of its users irrespective of whether they are just regular users or big investors. As stated by devs It is strange practise then Whats wrong with it? |
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Teal Deer
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November 21, 2017, 10:51:44 PM |
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Can anyone explain to me how the cloud mining works here?
To enter the coin forging pool and be able to earn with Interstellar Coin, one simply needs to keep the wallet online to be considered an active blockchain node But doesnt it mean that there might be unnecessary power spending involved Oh there might be, but that is not a big problem And the cloud mining is available for all users ? This is a great privilege Cloud mining service available for all of its users irrespective of whether they are just regular users or big investors. As stated by devs It is strange practise then Whats wrong with it? Any user could use cloud mining and the devs are going to buy your coins to stop inflation... Doesnt it mean they could go bankrupt really fast? |
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awas
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November 21, 2017, 10:53:42 PM |
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Can anyone explain to me how the cloud mining works here?
To enter the coin forging pool and be able to earn with Interstellar Coin, one simply needs to keep the wallet online to be considered an active blockchain node But doesnt it mean that there might be unnecessary power spending involved Oh there might be, but that is not a big problem And the cloud mining is available for all users ? This is a great privilege Cloud mining service available for all of its users irrespective of whether they are just regular users or big investors. As stated by devs It is strange practise then Whats wrong with it? Any user could use cloud mining and the devs are going to buy your coins to stop inflation... Doesnt it mean they could go bankrupt really fast? Oh, dont worry about it. I dont think they are going to loose money that way |
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Teal Deer
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November 21, 2017, 10:54:11 PM |
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Can anyone explain to me how the cloud mining works here?
To enter the coin forging pool and be able to earn with Interstellar Coin, one simply needs to keep the wallet online to be considered an active blockchain node But doesnt it mean that there might be unnecessary power spending involved Oh there might be, but that is not a big problem And the cloud mining is available for all users ? This is a great privilege Cloud mining service available for all of its users irrespective of whether they are just regular users or big investors. As stated by devs It is strange practise then Whats wrong with it? Any user could use cloud mining and the devs are going to buy your coins to stop inflation... Doesnt it mean they could go bankrupt really fast? Oh, dont worry about it. I dont think they are going to loose money that way Why do you think so? It seems clear to me |
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awas
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November 21, 2017, 10:55:02 PM |
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Can anyone explain to me how the cloud mining works here?
To enter the coin forging pool and be able to earn with Interstellar Coin, one simply needs to keep the wallet online to be considered an active blockchain node But doesnt it mean that there might be unnecessary power spending involved Oh there might be, but that is not a big problem And the cloud mining is available for all users ? This is a great privilege Cloud mining service available for all of its users irrespective of whether they are just regular users or big investors. As stated by devs It is strange practise then Whats wrong with it? Any user could use cloud mining and the devs are going to buy your coins to stop inflation... Doesnt it mean they could go bankrupt really fast? Oh, dont worry about it. I dont think they are going to loose money that way Why do you think so? It seems clear to me Check the whitepaper, they have economy anallytics |
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janek2004
Newbie
 Offline
Activity: 3
Merit: 0
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November 22, 2017, 05:33:34 AM |
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I will award 25 HOLD for the first person that will find a mistake in my logic.
Math Question about total supply:
Let's assume that I have 25000 coins, block time is 120 seconds. I start calculations from APR of 5000%, which is 13% daily.
We have around 10 days of this APR (remaining_blocks * 120 seconds/ 60/60/24)
Beginning Balance After Staking
1 25000 28425
2 28425 32319.225
3 32319.225 36746.95883
4 36746.95883 41781.29218
5 41781.29218 47505.32921
6 47505.32921 54013.55932
7 54013.55932 61413.41694
8 61413.41694 69827.05506
9 69827.05506 79393.36161
10 79393.36161 90270.25215
At the end of the turn we will get 90 000 coins. Great. But if we continue staking and compounding EVERY DAY, at the end of period with 7200% ROI I will get total of 8,664,956,004.65 coins.
How is it possible, it's more then total supply of the coins?
Blocks Left Seconds/block Days APR Daily Interest Total Coins
2500 – 10000: 2500% 7500 x x 0 2500 6.85% 25000
10000 – 25000: 5000% 15000 7000 120 10 5000 13.6986% 87,097.31
25000 – 80000: 750% 55000 55000 120 76 750 2.05% 411,888.19
80000 – 130000: 1000% 50000 50000 120 69 1000 2.74% 2,691,201.62
130000 – 170000: 2000% 40000 40000 120 56 2000 5.48% 52,125,453.96
170000 – 190000: 3600% 20000 20000 120 28 3600 9.86% 710,908,924.02
190000 – 200000: 7200% 10000 10000 120 14 7200 19.73% 8,664,956,004.65
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cryptic_quid
Newbie
Offline
Activity: 3
Merit: 0
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November 22, 2017, 08:30:37 AM |
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Bought me some coins, downloaded the new mac wallet (v1.0.2.0-g32a928e) and sent over my coins last night from Cryptopia. Transaction showing as confirmed on the blockchain explorer: http://explorer.interstellarcoin.com/address/HKWkc8b1ekWHbcKTKN22FozVXaVotBtdRdBalance not showing on the wallet still this morning. Says its up to date at 15892. Never had a 10 hour wait to transfer assets before. Anyone know what's up with that? |
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slaman29
Legendary
Offline
Activity: 2632
Merit: 1206
Livecasino, 20% cashback, no fuss payouts.
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November 22, 2017, 09:10:42 AM |
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I will award 25 HOLD for the first person that will find a mistake in my logic.
Math Question about total supply:
Let's assume that I have 25000 coins, block time is 120 seconds. I start calculations from APR of 5000%, which is 13% daily.
We have around 10 days of this APR (remaining_blocks * 120 seconds/ 60/60/24)
Beginning Balance After Staking
1 25000 28425
2 28425 32319.225
3 32319.225 36746.95883
4 36746.95883 41781.29218
5 41781.29218 47505.32921
6 47505.32921 54013.55932
7 54013.55932 61413.41694
8 61413.41694 69827.05506
9 69827.05506 79393.36161
10 79393.36161 90270.25215
At the end of the turn we will get 90 000 coins. Great. But if we continue staking and compounding EVERY DAY, at the end of period with 7200% ROI I will get total of 8,664,956,004.65 coins.
How is it possible, it's more then total supply of the coins?
Blocks Left Seconds/block Days APR Daily Interest Total Coins
2500 – 10000: 2500% 7500 x x 0 2500 6.85% 25000
10000 – 25000: 5000% 15000 7000 120 10 5000 13.6986% 87,097.31
25000 – 80000: 750% 55000 55000 120 76 750 2.05% 411,888.19
80000 – 130000: 1000% 50000 50000 120 69 1000 2.74% 2,691,201.62
130000 – 170000: 2000% 40000 40000 120 56 2000 5.48% 52,125,453.96
170000 – 190000: 3600% 20000 20000 120 28 3600 9.86% 710,908,924.02
190000 – 200000: 7200% 10000 10000 120 14 7200 19.73% 8,664,956,004.65
Yeah, I was just redirected here from a thread discussing best PoS coins. Now, I ditched my PoS adventure several months back. Overall, I made some profits, but after calculating the time and electricity wasted on about half of them that died suddenly, I came to a conclusion not to waste anymore of my time. So why am I here? Need to scratch my PoS itch I guess. But exactly, after doing my own calculations, and including the premining amount that will be locked, I simply don't see how supply can match up with the APR. @OP, the only flaw I can see here is you're not using effective APR (that is, your staking probably will not count for the full 24/7 even if you manage to leave it open. It's just an estimate). But even if we tweak your percentages to 90%, they still don't make sense. |
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rmvpa007
Newbie
Offline
Activity: 22
Merit: 0
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November 22, 2017, 09:51:42 AM |
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What you are failing to take into consideration is the fact that the devs behind this project are investing in crypto with the funds raised. If Crypto in general continues to increase its overall market cap by a factor of 10 lets just say as a hypothetical in 2018 as it goes mainstream, the possibility of earning 10% - 15% returns a day are not out of the realms of possibilities. I know during the May - June alt coin surge I was making easily 10-15% a day, trading 60-100 different coins. Thats why I didn't bother to put money into Bitconnect when it was cheap. I figured why lose the opportunity costs by locking up money for 4-10 months at 1-2% interest when I could easily beat that daily. I hear the same arguments leveled against Bitconnect that the poster above levelled against HOLD- "that it's not mathematically possible" but Bitconnect has continued on for a year with only a 4 day glitch when they had some issue with their wallets being able to withdraw into negative balances. They overcame that and continue to pay every day just like Intersteller Holdings pays every day. In fact I am mining HOLD with L3+ machines into my staking wallet and then receiving the 13.69% staking interest on those mined coins as well. So even if the weak hands sell off like they have been doing lately it creates buying opportunity for those of us who believe in the project. As far as it capping out, when the 2 billionth Hold is mined I'm sure the devs could come up with a solution such as to hold another ICO or something. The FED does that all the time "print money out of thin air" and you don't realize it at first until it gets into the money supply and causes inflation where the dollar buys less and less. You see it in your gas bill and grocery bill, but guess what the FED doesn't include those metrics in their inflation calculations because they are "too volatile" or some such nonsense. (They skew the labor statistics the same way - not counting the 98 million people who are unemployed and gave up trying to find a job and turned to opiods to escape from reality). They play with the numbers so that so they won't have to increase what they pay to the elderly in Social Security cost of living increases. Plus since the banking system had to be bailed out to the tune of 16 trillion dollars, the FED has had to resort to a zero interest policy which also gives savers (seniors again) another kick in the ass so Wall Street welfare program can continue to enrich the .001% elite who run the government. And they dare call bitcoin a "fraud and a bubble?" They are the fraud and bubble blowers. The economy is a FIRE economy (Finance Insurance and Real Estate) it is on life support and it will eventually collapse. Why don't you issue a diatribe against the banksters and the FED who game and cheat the system constantly for their own enrichment? It's not mathematically possible that that system will survive much longer and I'm surprised it hasn't collapsed completely yet. So regardless of your past experience with these type of investment opportunities, you might want to consider your options and do your own due diligence and realize that come block 25000, the initial high mining rewards of 150 HOLD per block will decrease as will the APR on staking to 750% APR until it slowly climbs back up. By the time this coin starts to increase its payouts there will be both increased liquidity as it gets on more exchanges as well as profits being made from the dev's trading to fulfill the smart contract. Its too bad you invested in other POS coins that didn't make it, I did as well, and I consider them costs of doing business in this market. I also have benefited greatly from the ones that have survived. HOLD may or may not make it long term for any number of reasons just like all the other alt coins out there, but the devs so far have been active and working on the project not exit scamming like some of these projects including bitpetite and elektracoin. So I am supporting this coin and so are plenty of other people who have analyzed it and realize it is a high risk high reward investment and really are OK with that. If you want safe investments then put your money in the top 10 or 20 coins and you will grow your wealth slowly with less risk. I do that as well. But I enjoy playing these coins as well.
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BitKing3000
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November 22, 2017, 11:04:30 AM |
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I will award 25 HOLD for the first person that will find a mistake in my logic.
Math Question about total supply:
Let's assume that I have 25000 coins, block time is 120 seconds. I start calculations from APR of 5000%, which is 13% daily.
We have around 10 days of this APR (remaining_blocks * 120 seconds/ 60/60/24)
Beginning Balance After Staking
1 25000 28425
2 28425 32319.225
3 32319.225 36746.95883
4 36746.95883 41781.29218
5 41781.29218 47505.32921
6 47505.32921 54013.55932
7 54013.55932 61413.41694
8 61413.41694 69827.05506
9 69827.05506 79393.36161
10 79393.36161 90270.25215
At the end of the turn we will get 90 000 coins. Great. But if we continue staking and compounding EVERY DAY, at the end of period with 7200% ROI I will get total of 8,664,956,004.65 coins.
How is it possible, it's more then total supply of the coins?
Blocks Left Seconds/block Days APR Daily Interest Total Coins
2500 – 10000: 2500% 7500 x x 0 2500 6.85% 25000
10000 – 25000: 5000% 15000 7000 120 10 5000 13.6986% 87,097.31
25000 – 80000: 750% 55000 55000 120 76 750 2.05% 411,888.19
80000 – 130000: 1000% 50000 50000 120 69 1000 2.74% 2,691,201.62
130000 – 170000: 2000% 40000 40000 120 56 2000 5.48% 52,125,453.96
170000 – 190000: 3600% 20000 20000 120 28 3600 9.86% 710,908,924.02
190000 – 200000: 7200% 10000 10000 120 14 7200 19.73% 8,664,956,004.65
Your math is wrong. You have over calculated your expected stakes. |
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cryptic_quid
Newbie
Offline
Activity: 3
Merit: 0
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November 22, 2017, 11:23:26 AM |
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My wallet's still not updated, Is showing "Up to date Processed 15937 blocks of transaction history", it's going up - was at 15985 when i last posted. The block explorer is showing we're at 18550 blocks. I guess there is a bug in the Mac wallet where its not updating correctly but showing it is. I tried to run the linux executable but that doesnt seem to be working. I will try to build from source later.
Does anyone know if there's a way to confirm that my keys actually own this wallet in the meantime, other than checking the wallet UI. Some CLI thing.
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janek2004
Newbie
Offline
Activity: 3
Merit: 0
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November 22, 2017, 11:36:30 AM |
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Where is it wrong? Where did make a mistake? 5000% APR is 5000%/365 days = 13.7% daily 750% APR is 750%/365 days = 2.05% daily for 76 days and so on: # Days APR Daily APR 0 2500.00% 6.85% 10 5000.00% 13.70% 76 750.00% 2.05% 69 1000.00% 2.74% 56 2000.00% 5.48% 28 3600.00% 9.86% 14 7200.00% 19.73%
I will award 25 HOLD for the first person that will find a mistake in my logic.
Math Question about total supply:
Let's assume that I have 25000 coins, block time is 120 seconds. I start calculations from APR of 5000%, which is 13% daily.
We have around 10 days of this APR (remaining_blocks * 120 seconds/ 60/60/24)
Beginning Balance After Staking
1 25000 28425
2 28425 32319.225
3 32319.225 36746.95883
4 36746.95883 41781.29218
5 41781.29218 47505.32921
6 47505.32921 54013.55932
7 54013.55932 61413.41694
8 61413.41694 69827.05506
9 69827.05506 79393.36161
10 79393.36161 90270.25215
At the end of the turn we will get 90 000 coins. Great. But if we continue staking and compounding EVERY DAY, at the end of period with 7200% ROI I will get total of 8,664,956,004.65 coins.
How is it possible, it's more then total supply of the coins?
Blocks Left Seconds/block Days APR Daily Interest Total Coins
2500 – 10000: 2500% 7500 x x 0 2500 6.85% 25000
10000 – 25000: 5000% 15000 7000 120 10 5000 13.6986% 87,097.31
25000 – 80000: 750% 55000 55000 120 76 750 2.05% 411,888.19
80000 – 130000: 1000% 50000 50000 120 69 1000 2.74% 2,691,201.62
130000 – 170000: 2000% 40000 40000 120 56 2000 5.48% 52,125,453.96
170000 – 190000: 3600% 20000 20000 120 28 3600 9.86% 710,908,924.02
190000 – 200000: 7200% 10000 10000 120 14 7200 19.73% 8,664,956,004.65
Your math is wrong. You have over calculated your expected stakes. [/quote] |
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janek2004
Newbie
Offline
Activity: 3
Merit: 0
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November 22, 2017, 11:54:56 AM |
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I will award 25 HOLD for the first person that will find a mistake in my logic or math.
I see, my calculations don't consider the time needed for the coins to mature. I tweaked the numbers using 90% of APR and I should be getting over 1.3 billion coins. You are right. Without increasing a total supply it doesn't make sense! Days 0.9 * APR Daily APR Coins 0 2250.00% 6.16% 13726.05835 10 4500.00% 12.33% 42,504.07 76 675.00% 1.85% 172,322.46 69 900.00% 2.47% 935,354.94 56 1800.00% 4.93% 13,564,877.01 28 3240.00% 8.88% 144,008,469.86 14 6480.00% 17.75% 1,393,579,470.93 With 75% of estimated APR I would be getting: 216,840,608.98 or 10% of total supply, still too much! With 60% of estimated APR I would be getting: 32,967,526.34 which finally looks like a real number to me... Anyone?
I will award 25 HOLD for the first person that will find a mistake in my logic or math.
Math Question about total supply:
Let's assume that I have 25000 coins, block time is 120 seconds. I start calculations from APR of 5000%, which is 13% daily.
We have around 10 days of this APR (remaining_blocks * 120 seconds/ 60/60/24)
Beginning Balance After Staking
1 25000 28425
2 28425 32319.225
3 32319.225 36746.95883
4 36746.95883 41781.29218
5 41781.29218 47505.32921
6 47505.32921 54013.55932
7 54013.55932 61413.41694
8 61413.41694 69827.05506
9 69827.05506 79393.36161
10 79393.36161 90270.25215
At the end of the turn we will get 90 000 coins. Great. But if we continue staking and compounding EVERY DAY, at the end of period with 7200% ROI I will get total of 8,664,956,004.65 coins.
How is it possible, it's more then total supply of the coins?
Blocks Left Seconds/block Days APR Daily Interest Total Coins
2500 – 10000: 2500% 7500 x x 0 2500 6.85% 25000
10000 – 25000: 5000% 15000 7000 120 10 5000 13.6986% 87,097.31
25000 – 80000: 750% 55000 55000 120 76 750 2.05% 411,888.19
80000 – 130000: 1000% 50000 50000 120 69 1000 2.74% 2,691,201.62
130000 – 170000: 2000% 40000 40000 120 56 2000 5.48% 52,125,453.96
170000 – 190000: 3600% 20000 20000 120 28 3600 9.86% 710,908,924.02
190000 – 200000: 7200% 10000 10000 120 14 7200 19.73% 8,664,956,004.65
Yeah, I was just redirected here from a thread discussing best PoS coins. Now, I ditched my PoS adventure several months back. Overall, I made some profits, but after calculating the time and electricity wasted on about half of them that died suddenly, I came to a conclusion not to waste anymore of my time. So why am I here? Need to scratch my PoS itch I guess. But exactly, after doing my own calculations, and including the premining amount that will be locked, I simply don't see how supply can match up with the APR. @OP, the only flaw I can see here is you're not using effective APR (that is, your staking probably will not count for the full 24/7 even if you manage to leave it open. It's just an estimate). But even if we tweak your percentages to 90%, they still don't make sense. [/quote]
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BitKing3000
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November 22, 2017, 01:00:29 PM |
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You are also not considering that you will not receive staking rewards near the end of each level because not all of your blocks would be matured then thus falling back or forward and not compounding. You are assuming a staking reward each minute, and the blocks dont work that way.
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EggTank
Newbie
Offline
Activity: 11
Merit: 0
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November 22, 2017, 01:39:38 PM |
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My wallet's still not updated, Is showing "Up to date Processed 15937 blocks of transaction history", it's going up - was at 15985 when i last posted. The block explorer is showing we're at 18550 blocks. I guess there is a bug in the Mac wallet where its not updating correctly but showing it is. I tried to run the linux executable but that doesnt seem to be working. I will try to build from source later.
Does anyone know if there's a way to confirm that my keys actually own this wallet in the meantime, other than checking the wallet UI. Some CLI thing.
my mac wallet is also stuck but on block 15988 ... tried the bootstrap file but all that does is knock out active network connections. any ideas from anyone on how to get the mac wallet properly synced would be much appreciated.. |
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The SHAman
Newbie
Offline
Activity: 56
Merit: 0
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November 22, 2017, 02:17:19 PM |
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The SHAman using his vast powers has made it so https://www.blockfinder.guru now pays out every 30 minutes. Simply let your miners meditate with The SHAman at: -a scrypt -o stratum+tcp://stratum.blockfinder.guru:3433 -u <YOUR WALLET> -p c=HOLD https://i.imgur.com/cyolfuQ.png |
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cryptic_quid
Newbie
Offline
Activity: 3
Merit: 0
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November 22, 2017, 04:16:14 PM |
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I built the wallet from the source at github on my linux machine and restored from the backup from the mac wallet. Straight through to block 18815 and my transaction is showing. Definite bug in the mac wallet. Mine eventually got up to 16020 but it's far slower than blocks are being created. The rocket is lit and I'm staking my nuts off. My wallet's still not updated, Is showing "Up to date Processed 15937 blocks of transaction history", it's going up - was at 15985 when i last posted. The block explorer is showing we're at 18550 blocks. I guess there is a bug in the Mac wallet where its not updating correctly but showing it is. I tried to run the linux executable but that doesnt seem to be working. I will try to build from source later.
Does anyone know if there's a way to confirm that my keys actually own this wallet in the meantime, other than checking the wallet UI. Some CLI thing.
my mac wallet is also stuck but on block 15988 ... tried the bootstrap file but all that does is knock out active network connections. any ideas from anyone on how to get the mac wallet properly synced would be much appreciated.. |
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AntMine
Member
Offline
Activity: 113
Merit: 10
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November 22, 2017, 04:53:05 PM |
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Interstellar Holdings (HOLD) has been added on AntMinePool - Fee 0.5%Link: AntMinePoolScrypt, Low difficulty: -a acrypt -o stratum+tcp://antminepool.com:3433 -u WALLET_ADDRESS -p c=HOLD Scrypt, High difficulty for NiceHash and antminer L3+: -a acrypt -o stratum+tcp://antminepool.com:3434 -u WALLET_ADDRESS -p c=HOLD Interstellar Holdings Blockchain Explorer: http://antminepool.com/explorer/HOLDHappy mining
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andrepcg
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November 22, 2017, 05:07:48 PM |
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the site is laid out in investors right?
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