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Author Topic: HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive  (Read 393047 times)
HCLivess
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September 21, 2017, 08:52:31 PM
 #4981

I think those attacks are hashpools who still think we have full PoW - they calculate how rewarding mining is and switch

Bismuth - New Language, Interpretation Engines, Free Set of DAPPs https://bitcointalk.org/index.php?topic=1896497
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Tranz
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September 21, 2017, 09:51:35 PM
 #4982

I think those attacks are hashpools who still think we have full PoW - they calculate how rewarding mining is and switch
Might be possible. But I would still assume they are using wallet 2.0 and it would limit which blocks are even allowed to make it the network. But the odd thing was other wallets accepted it and relayed it. They should have just ignored it and banned that one bad block.

HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
tokyoghetto
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September 22, 2017, 02:47:22 AM
 #4983

what is the ideal block size for staking?

is it still 5000 HBN?
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September 22, 2017, 03:37:28 AM
 #4984

what is the ideal block size for staking?

is it still 5000 HBN?

I think you can safety double it at this point and not worry about hitting the cap. Would hit it around day 30.

HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
ue3076991zihe
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September 22, 2017, 05:30:27 AM
 #4985

It's a serious product. Need to wait some time to make profi
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September 22, 2017, 01:33:19 PM
 #4986

What Happened?

Newbie here.

Several years ago I mined HBN for a short while, and then turned to POS, which I have been doing ever since.  I manged to build up to around 60K HBN coins.  Prior to this change, my blocks (averaging 1,200 coins) staked in around 11 days and generated 30-35 coins per block.

Now, my blocks are taking much longer to stake, with one block already over 18 days.  The coins generated by the stake have also dropped by at least 50%.

I'm not very knowledgeable about crypto-currencies, and I'm not clear on what changed and why it changed.  Could someone please explain this in plain English?

Should I be concerned?  Is this normal behavior or is there something wrong with my wallet (on on version 2.0 by the way)?

Is a block size of 1200 coins too small?  Should I combine my blocks to get them up to 5K or 10K?

I've spent a lot of time over the years working the POS stakes, which I hope was not for naught.

Thanks,

Randall


 
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September 22, 2017, 06:02:01 PM
 #4987

What Happened?

Newbie here.

Several years ago I mined HBN for a short while, and then turned to POS, which I have been doing ever since.  I manged to build up to around 60K HBN coins.  Prior to this change, my blocks (averaging 1,200 coins) staked in around 11 days and generated 30-35 coins per block.

Now, my blocks are taking much longer to stake, with one block already over 18 days.  The coins generated by the stake have also dropped by at least 50%.

I'm not very knowledgeable about crypto-currencies, and I'm not clear on what changed and why it changed.  Could someone please explain this in plain English?



Welcome back Randall.
There were some challenges with the chain and Tranz (the dev) made some tweaks and forked to V.2.0.0 to get rid of the issues.
You just can read the posts to know what happened.
https://bitcointalk.org/index.php?topic=303749.4820


Quote


Should I be concerned?  Is this normal behavior or is there something wrong with my wallet (on on version 2.0 by the way)?

Is a block size of 1200 coins too small?  Should I combine my blocks to get them up to 5K or 10K?

I've spent a lot of time over the years working the POS stakes, which I hope was not for naught.

Thanks,

Randall



Keep calm and drink a beer. Smiley
The behavior is "normal" at the moment.
Just follow Updates here and listen to the dev.



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September 22, 2017, 09:55:38 PM
 #4988

Thanks lightspeedy and hi Randall.

The original development of the coin did not have long term value and use in mind. It was meant to be one and done.  Due to this things were major issues. Most notably starting with wallet lag and bad orphan rate.  This was due to among many things 20 second block time. For a global network of wallets that were accepting blocks, relaying transactions and creating PoS blocks, it was not a long term feasible setting.

Also the PoW structured allowed for pools and users with high hash power to basically take over the chain and potentially cause other issues.  To fix this I first made the first change to limit PoW by only allowing it to come after a PoS block, and eventually at block 6.0 million it will be turned off.

Then I made further enhancements to the wallet to allow for more efficient quicker staking. This has the unintended consequences of causing lager wallets the ability take over chain, because they could calculate stake so quickly.  This only increased the issue of wallet lag and orphans and eventually caused a network split.

So the answer was to slow the chain down.  The slow down of the chain triggered a higher PoS difficulty and in turn a lower stake rate.  This is what you are seeing now.  The benefits are much lower inflation rate, very little wallet lag, much lower orphan rate, and a network that works much better.


HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
lightspeedy
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September 23, 2017, 03:11:10 AM
 #4989


A small announcement  Smiley

HOBOBOT - THE TWITTER TIP BOT!!

I have installed a TipBot for HoboNickels on Twitter.
The whole community is invited to give their followers a bit of HoboNickels to spread the HoboNickels to the people.


How does it work:
1. Follow HoboNickels_HBN on Twitter
2. Make a Tweet: Hobobot address -> The Hobobot will return your HBN deposit address.
3. Send some HoboNickels to your wallet which the bot gives you
4. Send your followers a tip: Hobobot tip @USER <AMOUNT>

Example:
Hobobot tip @Tranz 100

This command would send a tip of 100HBN to the Twitter Account of @Tranz
Cool Hah??

Bye the way; Do you have a twitter account Tranz???


I want to create later a custom website specially for this bot.
Unfortunately I'm a bit short in time, but I try my best.



HoboNickels to the MOON !!  Grin Grin Grin




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September 23, 2017, 04:32:39 AM
 #4990

So the answer was to slow the chain down.  The slow down of the chain triggered a higher PoS difficulty and in turn a lower stake rate.  This is what you are seeing now.  The benefits are much lower inflation rate, very little wallet lag, much lower orphan rate, and a network that works much better.

Thank you for the explanation, Tranz.  I understand a little better now.

I have a block that is 19 days old which has not staked.  Other blocks, younger than this one have staked.  Is this normal?  Is there anything I need to do for this block?

Thanks again.
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September 23, 2017, 08:56:17 AM
 #4991

So the answer was to slow the chain down.  The slow down of the chain triggered a higher PoS difficulty and in turn a lower stake rate.  This is what you are seeing now.  The benefits are much lower inflation rate, very little wallet lag, much lower orphan rate, and a network that works much better.

Thank you for the explanation, Tranz.  I understand a little better now.

I have a block that is 19 days old which has not staked.  Other blocks, younger than this one have staked.  Is this normal?  Is there anything I need to do for this block?

Thanks again.


You know, if you get a stake reward, is highly based on fortune. The chance rises with the stake weight. or the mature time.

With less blocks created, for larger stakes it becomes advantageous to collect them into blocks of around 20k HBN.

@Tranz
My new organized stakes have reached an aging time of over 8.8 days, but nevertheless the message is "not staking because you don't have mature coins", and "Current Wallet PoS Weight: 0". I hope staking begins after day 10, otherwise we had a real problem.
Tranz
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September 23, 2017, 02:07:02 PM
 #4992


Bye the way; Do you have a twitter account Tranz???


Cool bot!

No I don't have a twitter. But thanks!



I have a block that is 19 days old which has not staked.  Other blocks, younger than this one have staked.  Is this normal?  Is there anything I need to do for this block?

Thanks again.

Luck and weight are the 2 main ingredients. If those that are that old are smaller in size they could take longer. I have some that are approaching 30 days 1 -2k in size.  

You can never predict when a block will stake, you can only, with fairly good accuracy, predict when the half of a group of blocks will hit. Similar to half life of a decaying atom.



@Tranz
My new organized stakes have reached an aging time of over 8.8 days, but nevertheless the message is "not staking because you don't have mature coins", and "Current Wallet PoS Weight: 0". I hope staking begins after day 10, otherwise we had a real problem.

Well it's no worse then the 10 days it was, but at 8.8 you should start gaining weight.  If you type getmininginfo in the rpc console the minimum still says 0?

HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
versprichnix
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September 24, 2017, 03:33:33 PM
 #4993

Well it's no worse then the 10 days it was, but at 8.8 you should start gaining weight.  If you type getmininginfo in the rpc console the minimum still says 0?

It works smooth now, it's minting.
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September 24, 2017, 08:39:12 PM
 #4994

One step closer to decentralized crypto exchange. Hbn should jump on the train.

https://bitsonline.com/first-litecoin-bitcoin-atomic-swap/
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September 26, 2017, 01:11:08 AM
 #4995

Since we now have a network that appears to be fairly stable. I am going to code up some of the user requests we have had over the days.

Here is what I have so far anything else I maybe missing?
 
  • Fix Coin Control to only show weight after 8.8 days (Temporary until fork is coded and date set)
  • Allow for larger split/combine threshold settings
  • Allow for 100% stake for charity
  • Fix the estimated time to stake in gui
  • Code up stub function, but do not yet implement the stake modifier change. To get stake min at 1 day.

What else?


One step closer to decentralized crypto exchange. Hbn should jump on the train.

https://bitsonline.com/first-litecoin-bitcoin-atomic-swap/
Seqwit is a huge undertaking. I would love to implement it. But unless I have a team of developer and testers, it is not going to happen anytime soon.

I want to focus my time for now, on bettering the wallet and network, continuing to re-base with newest bitcoin, creating a light weight and Android wallet that can stake, and adding other functionality.

HBN: https://bitcointalk.org/index.php?topic=303749.0
hobonickels.info HBN F1TranzWqFGZyFeTMu6iLbtTQgdXuJPsiL
panpine
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September 26, 2017, 08:15:09 AM
 #4996

I like this realistic thinking. And apply to your test team  Cheesy
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September 26, 2017, 07:50:30 PM
 #4997

Since we now have a network that appears to be fairly stable. I am going to code up some of the user requests we have had over the days.

Here is what I have so far anything else I maybe missing?
 
  • Fix Coin Control to only show weight after 8.8 days (Temporary until fork is coded and date set)
  • Allow for larger split/combine threshold settings
  • Allow for 100% stake for charity
  • Fix the estimated time to stake in gui
  • Code up stub function, but do not yet implement the stake modifier change. To get stake min at 1 day.

What else?


  • Allow for larger split/combine threshold settings
i can set split/combine manual ?

What else?
A block or age timer ? if blocknumber/age x then move 1 coin to adress y

[HBN]HoboNickels
[MEOW]Kittehcoin
[OK]Okcash
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September 26, 2017, 09:19:34 PM
 #4998

...
  • Allow for larger split/combine threshold settings
...

I suggest allowing the user to set any split threshold they like.
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September 27, 2017, 04:16:09 AM
 #4999

...
  • Allow for larger split/combine threshold settings
...

I suggest allowing the user to set any split threshold they like.

I agree, the risk of going over max reward should be sufficient to prevent the creation of excessively large block sizes.  I would also like to have the set values persist through wallet restarts as it is a pain to have to repeatedly set these values whenever there is a need to restart the wallet.
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September 27, 2017, 05:52:12 PM
 #5000

...
  • Allow for larger split/combine threshold settings
...

Hmm why not set automatically the best split/combine threshold or manual (two options)

[HBN]HoboNickels
[MEOW]Kittehcoin
[OK]Okcash
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