How to Take Advantage of POS - DNR

[buzzkillb]

Are you wondering how to stake more faster in your DNR QT Wallet?

Required:
Spreadsheet Software like Excel
Notepad++
Denarius QT Wallet
Some DNR whether its large or small.

First backup your wallet.dat. Now fully unlock the wallet to make this faster. Then create addresses, you will want 500, don't count, just click, push enter many times over and over again.

Make an address and give it a label. We will be sending the entire balance to this one address. I labelled mine armageddon. Now send the entire balance to this address.

Next with your new 500 or less addresses, go to the receive coins tab, and then File -> Export. This will export a .csv file somewhere, make note as we need to open that next. Copy the column with addresses, should be 500. From there we open a new notepad++ text file and paste the column in.

In notepad++ we should have 1 single column of addresses.

On line 1, click at the very first area on the left. Push ALT-C. Text to Insert will be a ". Click OK and this will put quotes down the left side.


Now if your balance is 5000 DNR with 500 addresses we want to distribute 10 DNR to each address. Do some quick math here on your balance and number of addresses.

Click, at the end of line 1, and push ALT-C. Text to insert will be ":10,

Code:

":10,

CTRL-A to highlight everything and copy with CTRL-C.

Now you have a text file in proper format, sample here

Code:

"WALLETADDRESS":10,

Go back into the QT Wallet to Help -> Debug Window -> Console.

This is a short sample of what to type into the console window.

Code:

sendmany "armageddon" '{"WALLETADDRESS1":10,WALLETADDRESS2":10}'

The line will be long, and you may end up with a , at the end. Make sure to delete the last comma before the }.



Push enter, it will distribute your balance to each address and give you a transaction number. Wait 8 hours for coins to mature and get to staking much more with this little trick. I don't think this works with other coins as DNR has a slightly different POS system. Also there seems to be a limit of 500 addresses for sendmany. And you can't do this twice to make 1000 addresses on the same wallet.

Block Explorer
https://www.coinexplorer.net/DNR

[1715139953]

1715139953

[1715139953]

1715139953

[1715139953]

1715139953

[1715139953]

1715139953

[tinchopf]

Are you wondering how to stake more faster in your DNR QT Wallet?

Required:
Spreadsheet Software like Excel
Notepad++
Denarius QT Wallet
Some DNR whether its large or small.

First backup your wallet.dat. Now fully unlock the wallet to make this faster. Then create addresses, you will want 500, don't count, just click, push enter many times over and over again.

Make an address and give it a label. We will be sending the entire balance to this one address. I labelled mine armageddon. Now send the entire balance to this address.

Next with your new 500 or less addresses, go to the receive coins tab, and then File -> Export. This will export a .csv file somewhere, make note as we need to open that next. Copy the column with addresses, should be 500. From there we open a new notepad++ text file and paste the column in.

In notepad++ we should have 1 single column of addresses.

On line 1, click at the very first area on the left. Push ALT-C. Text to Insert will be a ". Click OK and this will put quotes down the left side.

Now if your balance is 5000 DNR with 500 addresses we want to distribute 10 DNR to each address. Do some quick math here on your balance and number of addresses.

Click, at the end of line 1, and push ALT-C. Text to insert will be ":10,

Code:

":10,

CTRL-A to highlight everything and copy with CTRL-C.

Now you have a text file in proper format, sample here

Code:

"WALLETADDRESS":10,

Go back into the QT Wallet to Help -> Debug Window -> Console.

This is a short sample of what to type into the console window.

Code:

sendmany "armageddon" '{"WALLETADDRESS1":10,WALLETADDRESS2":10}'

The line will be long, and you may end up with a , at the end. Make sure to delete the last comma before the }.

Push enter, it will distribute your balance to each address and give you a transaction number. Wait 8 hours for coins to mature and get to staking much more with this little trick. I don't think this works with other coins as DNR has a slightly different POS system. Also there seems to be a limit of 500 addresses for sendmany. And you can't do this twice to make 1000 addresses on the same wallet.

This actually works. And it's the only way to make it work

[heresamemo]

https://twitter.com/Tw1tters_/status/930316649319735296

[Miderian]

How much you get from POS with this?
How much better is it?

[buzzkillb]

How much you get from POS with this?
How much better is it?

I don't know exactly. But its a lot more than keeping the DNR in one single address. Only works with DNR because of the formula Denarius uses for POS. Tinchopf did some testing to figure this out. 

[buzzkillb]

Attached showing how frequent this ramps up after about 24 hours.

[buzzkillb]

What this looks like since I posted the OP. 

[buzzkillb]

Notice anything happening yet? 

[Agozyen]

Sorcery!  Witchcraft!   

Seriously though, great job!  Can't wait to try this myself.  Would you recommend 500 addresses with just 1 DNR in each or fewer addresses with more DNR?  Like 250/2 ?  I know the more the merrier, just trying to get started with what I have right now.

[buzzkillb]

Sorcery!  Witchcraft!   

Seriously though, great job!  Can't wait to try this myself.  Would you recommend 500 addresses with just 1 DNR in each or fewer addresses with more DNR?  Like 250/2 ?  I know the more the merrier, just trying to get started with what I have right now.

500 max for the sendmany command. Just spread it out to 500. Doesnt matter the amount. More the better obviously.

BTW

Code:

Block Height	370598 (33 confirmations)
Block Date/Time	2017-11-17 06:08:30
Total Output	12.15839 DNR
Proof of Stake + Fees	0.00039 DNR

[buzzkillb]

And for good measure.  I think there are interesting new things headed this direction. https://stocks.exchange/trade/DNR/BTC

[buzzkillb]

Anyone noticing the pattern? 

[Ventureum]

Could someone give a link to a primer for DNR QT Wallet?

[buzzkillb]

Could someone give a link to a primer for DNR QT Wallet?

Download wallet, run. DNR has one of the best QT wallets out there. 

[buzzkillb]

I think somewhere in here, the point has been made that this works. 

[Agozyen]

Got mine set up with 1 DNR in each address.  I will report back after a couple days.  Thank you for the tip!  Now if this would work with every other coin out there.

[jmigdlc99]

Thank you for the detailed guide. Would just like to clarify two things.

1. How is staking DNR in multiple addresses better than staking a large amount in a single address? A comparison of figures would be nice.

2. Do you know of any plans where DNR will be used in the "real world"? Currently it is simply a coin to be traded with no other utility than to mint. I can't find a roadmap or any mention in the "whitescroll" as to what this coin's use will actually be.

[buzzkillb]

Someone else might want to weigh into why this works specifically with DNR. Otherwise I am not here to pump the coin, I would suggest selling DNR if you have any questions or hesitations. 

[Agozyen]

I've only got 500 DNR so a pump or crash won't harm me either way.  I am interested in the tech.  I have 500 addresses set up with 1DNR each.

2 days coin age -

Probability for 10 minutes = 0.057%
Probability for 24 hours = 7.91%
Probability for 7 days = 90.046%
Probability for 300 days = 100%

My weight is 503 and network weight is 3314  and expected time is 3 minutes.

I may get some more if the price goes down a bit.  


EDIT:  LOL I staked as I was typing this post up.  yay me!

[buzzkillb]

I've only got 500 DNR so a pump or crash won't harm me either way.  I am interested in the tech.  I have 500 addresses set up with 1DNR each.

2 days coin age -

Probability for 10 minutes = 0.057%
Probability for 24 hours = 7.91%
Probability for 7 days = 90.046%
Probability for 300 days = 100%

My weight is 503 and network weight is 3314  and expected time is 3 minutes.

I may get some more if the price goes down a bit.  


EDIT:  LOL I staked as I was typing this post up.  yay me!

Let those 500 addresses stake for days and days, and you will see it start to work.