[YAC] Stake question

[amytheplanarshift]

I have a quick question about POS and YAC. Recently I think I've held my coins long enough to the point where I should be getting some POS from them, but I've noticed something happening that I don't quite understand. My wallet will make a transaction to a blank address for 0.00 YAC, and move a certain number of YAC to the "Stake" field in the client (right now I'm showing 2520.86 YAC) as "Stake" in the client. A few days ago the same thing happened but it showed 5000 some coins as Stake. After 512 confirmations the Stake balance moved back to my normal balance but I don't see any confirmation anywhere of any coins being minted through POS.

I saw a screenshot the other day of the PPCoin client and it showed in their transaction history the various amounts they minted through staking and I didn't see any of these empty 0.00 YAC blank address transactions like I am getting with YAC. What's up with that?

[liteuser]

Once they mature (520 blocks) you can see the YAC received looking at "Show transaction details". Before that it shows 0.0 YAC.

Before maturation, you could substract the Staked amount to the "Net amount" shown in "Show transaction details".

Or you can check the transaction ID on yacexplorer.tk and see the POS Generation value.

Example: http://yacexplorer.tk/block/f2a4c64c959262fcf9506d4dfcf2eb8ba7009ec5b59c3782f3cc235f74351a04

[amytheplanarshift]

Once they mature (520 blocks) you can see the YAC received looking at "Show transaction details". Before that it shows 0.0 YAC.

Before maturation, you could substract the Staked amount to the "Net amount" shown in "Show transaction details".

Or you can check the transaction ID on yacexplorer.tk and see the POS Generation value.

Example: http://yacexplorer.tk/block/f2a4c64c959262fcf9506d4dfcf2eb8ba7009ec5b59c3782f3cc235f74351a04

Ah, okay. I see now. Thanks!

[larem]

What is this Proof of Stake... and how is it different from other coins (or is it)?

[eddyfitz]

In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins.
Can anybody say if there are any chances to see current stakes in daemon?
Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but

Code:

./yacoind listtransactions

does not show anything new and balance remains the same

[larem]

In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins.
Can anybody say if there are any chances to see current stakes in daemon?
Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but

Code:

./yacoind listtransactions

does not show anything new and balance remains the same

Whoa, I had no idea about that. I was under the impression when people talked about Proof of Stake they just meant like... proof that the coin works, lol.

Does this mean that we want the coins in our wallet? I have a lot of them on a pool still that I haven't withdrawn yet.

[eddyfitz]

somehow yes. I doubt exchange will add proof of stake to your balance  but this was made not for investment but for chain security

[larem]

somehow yes. I doubt exchange will add proof of stake to your balance  but this was made not for investment but for chain security

lol, anything helps though! Thanks for the heads-up. I just put in my withdrawal request, .

[amytheplanarshift]

In case anyone is wondering, this is what it looks like in the transaction details:

[rbdrbd]

In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins.
Can anybody say if there are any chances to see current stakes in daemon?
Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but

Code:

./yacoind listtransactions

does not show anything new and balance remains the same

From looking at the source, I think it's 5%/yr with YACoin:

https://github.com/yacoin/yacoin/blob/master/src/main.cpp#L1021

[larem]

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

[amytheplanarshift]

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It means the POS block that you generate. If your coins are sitting on a pool you will not get the POS because they will be in the pool's wallet and therefore the pool will get the POS coins if they sit there long enough to generate them. You have to keep them in your local wallet for long enough to begin generating POS blocks to get the rewards.

[rbdrbd]

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining.

See https://bitcointalk.org/index.php?topic=187714 for more info.

EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake.

[eddyfitz]

okay, so when your coins go to "stake" to be held for 520 confirmations - do you see it in "listtransactions" output??

[Remember remember the 5th of November]

In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins.
Can anybody say if there are any chances to see current stakes in daemon?
Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but

Code:

./yacoind listtransactions

does not show anything new and balance remains the same

Which is weird, because when PPcoin first came out, I bought 2000 coins, and then had 2 PoS blocks with a value of ~900 coins each, then i had a balance of 3800 coins. That didn't seem like 1 percent to me.

[larem]

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining.

See https://bitcointalk.org/index.php?topic=187714 for more info.

EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake.

This is interesting... are these (PPC's) the same steps we take for YAC as well, or is it different?

[eddyfitz]

In a few words - proof of stake increases your balance roughly by 1% yearly if you do not spend your coins.
Can anybody say if there are any chances to see current stakes in daemon?
Since I run my yacoind for a long time, have not spent any coins for last 35-36 days but

Code:

./yacoind listtransactions

does not show anything new and balance remains the same

Which is weird, because when PPcoin first came out, I bought 2000 coins, and then had 2 PoS blocks with a value of ~900 coins each, then i had a balance of 3800 coins. That didn't seem like 1 percent to me.

My bad. As rbdrbd noticed - it's clearly 5%/year. not as Novacoin 1-100%/yr nor PPcoin

[rbdrbd]

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining.

See https://bitcointalk.org/index.php?topic=187714 for more info.

EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake.

This is interesting... are these (PPC's) the same steps we take for YAC as well, or is it different?

YAC gets it's POS implementation from Novacoin, which got it from PPCoin, so yes, those steps should work with YAC (I got my wallet working that way too).

[Sahtor]

I got my first 1.7% annual stake block generated somewhere around day 35-40. The PoS generation should become easier and bigger until 90 days when you start losing interest. There's still some luck involved or I'd get 5%/12 every month.

[larem]

Wait a second though... with what the image shows (the one explaining PoS)... this is only given if *you* generate a block? So mining in a pool means no PoS since the pool would be the one that gets it?

It's generated independently from Proof of Work mining. You just need to have your wallet up and unlocked for stake mining.

See https://bitcointalk.org/index.php?topic=187714 for more info.

EDIT: And to amytheplanarshift's point, the coins need to be in your wallet, and not moving around for at least 30 days to begin generating stake.

This is interesting... are these (PPC's) the same steps we take for YAC as well, or is it different?

YAC gets it's POS implementation from Novacoin, which got it from PPCoin, so yes, those steps should work with YAC (I got my wallet working that way too).

Mmmm, it says to add a bat file where the ppcoind is (or in this case yacoind) but that's not in my QT folder (nor in the zip where YAC is located). Is there something special we have to do here?