HoboNickels - HBN - High Fast Stake - Version 2.0! More Secure, Less Intensive

[Jamesco]

Yeah I've been loading up on some cheap Hobo-nickels as well. I'm also interested to see what ideas Tranz has for the new 1.5 fork.

[Biomech]

it was a lill delay. now is ok

so, can you please enlight me a bit about solo mining?

search function is your friend 


https://bitcointalk.org/index.php?topic=83371.0

did almost as there but with HBN ip and ports from the first page, using multiminer on localhost on port 7372 with user and pass and all that i see is the work is rejected 100%

no idea how to fix it

I had basically the same problem solomining. Frankly, it's easier and more likely to succeed if you just set up your own pool and point your machine(s) at it. You can set up MPOS in about an hour or NOMP in half that time. You have to tweak your machine settings quite a bit to not overrun the daemon when solomining, especially if you are using asic devices.

[David Latapie]

so whats better now HBN or CAP ?

Beauty is in the eye of the beholder. I think they compliment each other. They both have different strengths and weaknesses. But I am interested in other people's opinion as well..

One calculation I made is:
CAP: 7500, 200% rate
HBN: 15000 (well much less presently), 100% rate => twice the price, half the rate => four times less interesting.
HBN should be at 3750 (and TEK at ~ 35000) with this calculation to be on par

Now, my reasoning is certainly incomplete (user adoption, network solidity, naming, features, dev support... all that counts too) and maybe even flat-out wrong, but that's a start.

[FlungSpun]

so whats better now HBN or CAP ?

Beauty is in the eye of the beholder. I think they compliment each other. They both have different strengths and weaknesses. But I am interested in other people's opinion as well..

One calculation I made is:
CAP: 7500, 200% rate
HBN: 15000 (well much less presently), 100% rate => twice the price, half the rate => four times less interesting.
HBN should be at 3750 (and TEK at ~ 35000) with this calculation to be on par

Now, my reasoning is certainly incomplete (user adoption, network solidity, naming, features, dev support... all that counts too) and maybe even flat-out wrong, but that's a start.

Certainly an interesting question and it really is different things to different people.

If you do your calcs again and this time incorporate supply and demand the outcomes flip quite dramatically for HBN and TEK
but psychology plays a part - is 40% a month enough to mitigate risk on market volatility?
Is 30 days too long to wait?

HBN and CAP are very similar by block time/POW reward but different enough in POS to really shine a light on some ongoing arguments without being
too extreme in contrast.

I'd love to get an "investors demographic" (is there a correct term fr that?) for these coins to see how people are thinking and playing it out.
(no I don't believe much of what is posted here about peoples "positions")

I hold / trade all three but my gut tells me TEK will implode eventually and HBN will come out on top in the long run (tortoise vs hare)
CAPs n HBN may fight it out or complement .. I honestly have no opinion on that. It will probably be down to preferences and marketing.
Merged mining got my attention

But I don't think any of that strongly enough to reshuffle my baskets of eggs..

[presstab]

so whats better now HBN or CAP ?

Beauty is in the eye of the beholder. I think they compliment each other. They both have different strengths and weaknesses. But I am interested in other people's opinion as well..

One calculation I made is:
CAP: 7500, 200% rate
HBN: 15000 (well much less presently), 100% rate => twice the price, half the rate => four times less interesting.
HBN should be at 3750 (and TEK at ~ 35000) with this calculation to be on par

Now, my reasoning is certainly incomplete (user adoption, network solidity, naming, features, dev support... all that counts too) and maybe even flat-out wrong, but that's a start.

Certainly an interesting question and it really is different things to different people.

If you do your calcs again and this time incorporate supply and demand the outcomes flip quite dramatically for HBN and TEK
but psychology plays a part - is 40% a month enough to mitigate risk on market volatility?
Is 30 days too long to wait?

HBN and CAP are very similar by block time/POW reward but different enough in POS to really shine a light on some ongoing arguments without being
too extreme in contrast.

I'd love to get an "investors demographic" (is there a correct term fr that?) for these coins to see how people are thinking and playing it out.
(no I don't believe much of what is posted here about peoples "positions")

I hold / trade all three but my gut tells me TEK will implode eventually and HBN will come out on top in the long run (tortoise vs hare)
CAPs n HBN may fight it out or complement .. I honestly have no opinion on that. It will probably be down to preferences and marketing.
Merged mining got my attention

But I don't think any of that strongly enough to reshuffle my baskets of eggs..

Yes you also need to take into account the monetary expansion that is occurring. Of the three coins, HBN will have the least long term inflation (depending on how the max subsidy on CAP will affect inflation and the additional stake weight will bring down reward).

In theory the number of coins in supply should not change the market cap, so as more coins are added the price per coin should naturally fall. I think TEK over the next 6-12 months will prove this natural tendency to decline as coin supply rises. 

But it is also true that the "theory" isn't all correct because the fact of getting a large reward for holding does also bring additional demand to the coin for the novelty of multiplying the coin.

Also your have to factor in minimum staking time. HBN has the lowest holding period at 10 days.  This means that coins can hit the exchange much quicker and you aren't stuck in a staking position for as long of a duration. CAP is 15 days, not a huge difference at first glance, but it does add 50% more time.  TEKs biggest advanatage in my opinion is its 30 day stake time. People are stuck holding those coins for at least 30 days. If you have a 25 day old block and the price is super high and you want to sell, you are going to choose to hold at least 5 more days rather than sell.

[presstab]

One other thing to keep in mind when comparing the three coins is PoW blocks.

HBN has 5 coin PoW reward every 30 seconds - so 10 coins per minute.
CAP has 10 coin PoW reward per minute
TEK has 1 coin PoW reward per minute

This is one of the areas that TEK is actually less inflationary.  But do keep track of the money supplies of all.

Right now there are 5.1 million HBN - on August 1st I expect there to be something like 5.75 million HBN
Right now there are 4 million CAP - on August 1st I expect there to be something like 5.5-6 million CAP
Right now there are 1.4 million TEK - on August 1st I expect there to be something like 2-2.25 million TEK

I will revisit this post on the 1st and see how close I was. 

[Tranz]

Some good analyses here.

One thing to keep in mind in regards to inflation and block time, is that both HBN and CAP (not sure about TEK) have a degrading stake based on difficulty. Since HBN is 30 seconds and CAP is 1 minute, the difficulty for CAP should increase twice as fast as HBN, thereby decreasing the PoS reward and slowing inflation, at a faster pace (perhaps not supply) as HBN.

All in all it should be interesting to watch.

[presstab]

Some good analyses here.

One thing to keep in mind in regards to inflation and block time, is that both HBN and CAP (not sure about TEK) have a degrading stake based on difficulty. Since HBN is 30 seconds and CAP is 1 minute, the difficulty for CAP should increase twice as fast as HBN, thereby decreasing the PoS reward and slowing inflation, at a faster pace (perhaps not supply) as HBN.

All in all it should be interesting to watch.

Thats a good point. That in combination with the queue that will be created from the max subsidy is leaving me wonder exactly how long 200% will last. My guess is that if people are actively staking it might not be here too long.

[sandpaper]

I have a couple questions hopefully someone knowledgeable can answer. What does custom change address do?

Also, I have a ton of small inputs staking at this point. Is there a way to keep the coinage / weight while also compiling all of the coins into a large sum to be staked? Is the only way to send to another address (while losing the coin age / weight) and then wait the 10 days for staking again?

[Biomech]

I have a couple questions hopefully someone knowledgeable can answer. What does custom change address do?

Also, I have a ton of small inputs staking at this point. Is there a way to keep the coinage / weight while also compiling all of the coins into a large sum to be staked? Is the only way to send to another address (while losing the coin age / weight) and then wait the 10 days for staking again?

My expertise, such as it is, lies mostly with Tek. But from what presstab and Thundertoe have both told me, the mechanism is essentially the same. My advice on the little ones is to wait until they stake, even if you have to wait a few days for the majority of them, and then combine as many of them as are a bit far out as possible into larger blocks. Larger blocks gain higher staking priority. The little guys WILL stake, but they might take longer. Mainly the coin control is organizational.

I'm not certain what the custom change address is, so I'll leave that to others more knowledgeable. But what coin control does is allow you to choose which coins get sent, which coins get to stay, and organize them into blocks via send to self. And yes, that does unfortunately reset staking, but you'll know to a higher degree of accuracy when each block will stake and how much it will stake. I like the feature, but it's not actually necessary to the function of the coin. Just gives you a greater degree of control.

[presstab]

I have a couple questions hopefully someone knowledgeable can answer. What does custom change address do?

Also, I have a ton of small inputs staking at this point. Is there a way to keep the coinage / weight while also compiling all of the coins into a large sum to be staked? Is the only way to send to another address (while losing the coin age / weight) and then wait the 10 days for staking again?

My expertise, such as it is, lies mostly with Tek. But from what presstab and Thundertoe have both told me, the mechanism is essentially the same. My advice on the little ones is to wait until they stake, even if you have to wait a few days for the majority of them, and then combine as many of them as are a bit far out as possible into larger blocks. Larger blocks gain higher staking priority. The little guys WILL stake, but they might take longer. Mainly the coin control is organizational.

I'm not certain what the custom change address is, so I'll leave that to others more knowledgeable. But what coin control does is allow you to choose which coins get sent, which coins get to stay, and organize them into blocks via send to self. And yes, that does unfortunately reset staking, but you'll know to a higher degree of accuracy when each block will stake and how much it will stake. I like the feature, but it's not actually necessary to the function of the coin. Just gives you a greater degree of control.

What biomech said...  and I believe the custom change address is so that you can choose a change address to send the remainder of a split block to rather than using one from the keypool.

[Tranz]

I have a couple questions hopefully someone knowledgeable can answer. What does custom change address do?

Also, I have a ton of small inputs staking at this point. Is there a way to keep the coinage / weight while also compiling all of the coins into a large sum to be staked? Is the only way to send to another address (while losing the coin age / weight) and then wait the 10 days for staking again?

Good information above. I can also add:

The custom change address will send the remainder(if any) of the blocks you are sending, to an address of your choosing. This address could be your own, or a friends.  If this is not chosen, the wallet will use one from the pool (saved in wallet*.dat) or generate a new one.

Currently in version 1.4- you may need to combine inputs into a larger set, after many months. Versions 1.5 will control this more efficiently for the user.  Expected release is Q3'14.

There is no way to combine and send coins to another address without loosing your coin days.

[drahgon]

I have a question. How do you know coins are ready to stake? I noticed in the wallet there is a balance and a stake field.  Do coins move to the stake field when they are ready to stake? So basically should I wait until the stake field shows a balance before I unlock my wallet for PoS mining?

[raskul]

I have a question. How do you know coins are ready to stake? I noticed in the wallet there is a balance and a stake field.  Do coins move to the stake field when they are ready to stake? So basically should I wait until the stake field shows a balance before I unlock my wallet for PoS mining?

the little arrow in the bottom right goes green - leave it unlocked or the coin won't stake

[presstab]

I have a question. How do you know coins are ready to stake? I noticed in the wallet there is a balance and a stake field.  Do coins move to the stake field when they are ready to stake? So basically should I wait until the stake field shows a balance before I unlock my wallet for PoS mining?

the little arrow in the bottom right goes green - leave it unlocked or the coin won't stake

Yep what raskul said. It really is as simple as this: after ten days your coins begin competing for stake.  Also look at coin control and the weight column.

[drahgon]

Thanks for the reply. But no one knows what the stake field is for?

[Tranz]

Thanks for the reply. But no one knows what the stake field is for?

When coins do get staked they move from balance to stake. Then after 25 confirmations they move back to balance. So they are only in the stake field for a short time.

[chrissibel]

@Tranz: Anything new in store for HoboNickels?

We should have an Active  HBN irc channel with tip bots. lets get going guys.

[Biomech]

Thanks for the reply. But no one knows what the stake field is for?

When coins do get staked they move from balance to stake. Then after 25 confirmations they move back to balance. So they are only in the stake field for a short time.

At least Tranz is paying attention Sorry about that, dhahgon, I missed the question when I answered you.

[raskul]

Hobonickels has been added to the new Central Cavern community thread and a linkback to this thread also added.
https://bitcointalk.org/index.php?topic=676478.msg7661479#msg7661479

we need more hashpower! please point your miners at Central Cavern pools!