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

[Cryptoleonardo]

Guys don't you think that 100% stake for 1 year is it to much?

[1713272452]

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[1713272452]

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[1713272452]

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[1713272452]

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[1713272452]

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[1713272452]

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[ElTomeko27]

I had yesterday a POS block of 507 hobos. So maybe the 500 or 250 limit will work after some checkpoint / fork ?

Yes after the fork. Probably in January...

[ElTomeko27]

Guys don't you think that 100% stake for 1 year is it to much?

If You think 100% stake is to much so take a look at TEK 500% , HYP 750% or SnowBalls 5000%(soon 10000% and personally I think Balls are only a ponzi shame)

[Arsenay]

Guys don't you think that 100% stake for 1 year is it to much?

Initially prompt at least one coin
whose rate rose twice because of a similar fall in the rate of BTC for the year.

I personally do not know of such.)

[Majormax]

Guys don't you think that 100% stake for 1 year is it to much?

No. Could be better at a higher level (200% like Bottlecaps). 100% is the standard set out originally, and will remain constant. PoS has to have enough incentive for holders to open wallets frequently.


There are plenty of lower % PoS coins for you to buy, if you think that is the way to go.

[ryanb]

block size should be 10,000 coin effective Jan?

[Tranz]

1.5 introduces the 250 max stake right?  Friday night math doublecheck...we should make sure blocks are <10,000 so as to not hit the stake ceiling?  

I noticed this "250" in OP...I thought that we been talking about 500?

Initially we discussed 500. I did some math after looking over the block chain and trying to figure out what was best for both the network, users and inflation rate.  250 seemed a bit better.  Based on what I see on the block chain. 99% of stakes are already well below this mark.  

[Tranz]

Guys don't you think that 100% stake for 1 year is it to much?

No. Could be better at a higher level (200% like Bottlecaps). 100% is the standard set out originally, and will remain constant. PoS has to have enough incentive for holders to open wallets frequently.


There are plenty of lower % PoS coins for you to buy, if you think that is the way to go.

Also remember 100% is degrading over difficulty. By adding the 250 max cap, it will also give people more reason to open the wallet, which will create more blocks and potentially lower the inflation rate a bit.  I had suspected we would be in the 95-99% range by now. But still closer to 99-100% still.  But inflation is holding very steady! See the yearly money supply chart here. http://hobonickels.info/charts.php

[Tranz]

block size should be 10,000 coin effective Jan?

10,000 would hit the max after it matures, yes. 9,000 would be better, as it would give you a few days to stake before the max is reached.  If you plan to only open the wallet less frequently, I would use smaller block sizes.

The wallet and network are extremely effective at staking, and allowing blocks to split and combine automatically would give you the max yearly PoS percentage and requires almost no work.

I keep my wallet into 2000+ inputs.  About 100 block sizes.  It uses about 1 out of 4 of my cores, but it stakes 24/7 without me doing anything. I never worry about max cap, I never have to worry about splitting and combining.  It just works!

[Tranz]

I have opened a ticket on Cryptsy alerting them to the new version, and a quick how-to for updating. I have asked them to give me 24 hours notice before they do the upgrade, so I can let all of you know. Not sure if they will do that but I thought I would ask.

Once/if I hear that this is complete, I will let everyone know.

[vancefox]

Any chance of getting the set stake split and s4c options?  I leave my wallet open 24/7 without an issue but would like to have the wallet automatically recombine if it can't create 2 blocks of X size.

[PressF1]

Any chance of getting the set stake split and s4c options?  I leave my wallet open 24/7 without an issue but would like to have the wallet automatically recombine if it can't create 2 blocks of X size.

We've been discussing this earlier and the plan was to make the split threshold not fixed but depended on wallet size. That way the more you own the higher this threshold. So every coin you gain will improve the minimum size of your blocks and thus improve your staking performance. 

It would motivate to hold and buy in stead of sell and leave and it would eliminate the need for manual recombination at the same time. More people, especially the one's who control the big wallets would probably be the one's finding themselves without a need for manual recombination and let their wallet just stake 24*7 securing the network even better that way.

How exactly this will be done and tuned is still open for discussion as far as I know.
I've have some idea's for whenever we have to decide what it's going to be, but for now that not too relevant I think.

[Tranz]

Any chance of getting the set stake split and s4c options?  I leave my wallet open 24/7 without an issue but would like to have the wallet automatically recombine if it can't create 2 blocks of X size.

We've been discussing this earlier and the plan was to make the split threshold not fixed but depended on wallet size. That way the more you own the higher this threshold. So every coin you gain will improve the minimum size of your blocks and thus improve your staking performance. 

It would motivate to hold and buy in stead of sell and leave and it would eliminate the need for manual recombination at the same time. More people, especially the one's who control the big wallets would probably be the one's finding themselves without a need for manual recombination and let their wallet just stake 24*7 securing the network even better that way.

How exactly this will be done and tuned is still open for discussion as far as I know.
I've have some idea's for whenever we have to decide what it's going to be, but for now that not too relevant I think.

Correct. Right now it will allow you to set the split/combine threshold using startup/config switches.  Default is split nothing below 5 and combine if possible up to 20. It can be set to a max of splitthreshold of 10 and combine of 40.

I will allow these to increase for future, but based on wallet size and once the hard fork takes effect.

[vancefox]

Correct. Right now it will allow you to set the split/combine threshold using startup/config switches.  Default is split nothing below 5 and combine if possible up to 20. It can be set to a max of splitthreshold of 10 and combine of 40.

I will allow these to increase for future, but based on wallet size and once the hard fork takes effect.

Thousand, right?  Blocks of 40 HBN seem very small.

[Tranz]

Correct. Right now it will allow you to set the split/combine threshold using startup/config switches.  Default is split nothing below 5 and combine if possible up to 20. It can be set to a max of splitthreshold of 10 and combine of 40.

I will allow these to increase for future, but based on wallet size and once the hard fork takes effect.

Thousand, right?  Blocks of 40 HBN seem very small.

No 40.  Blocks of 40 stake fairly quickly. And the QT can easily handle thousands of them with ease.  I will be increasing them in the future. For now a user, if they know how, can simply change the code and re-compile it, or they can combine manually.

[Arsenay]

I would like to write a small simple program in VB that can query the HBN network to check for the current work difficulty. Is there an easy way to do that?

If you are running the hbn deamon you can use the rpc command getdifficulty. Otherwise you could try the CCE api call http://www.cryptocoinexplorer.com/api

many need  crutches ))
for example:

1. cold start the daemon -> demon few minutes unresponsive rpc

2. no simple command - "staking work ?"
...

The demon may take a few minutes to start up. But if you are using it for something all the time you wouldn't shut it down.

getdifficutly shows both.


09:39:46

getdifficulty


09:39:46

{
"proof-of-work" : 24.06406389,
"proof-of-stake" : 0.00390625,
"search-interval" : 0
}

it is not something
and does not reflect the real state of the client with an outdated database

Well that is true, you have to be connected to the network to get the current difficulty.  But if you are running the client you should be up to date.

find 

for example:

./BoomCoind getstakinginfo
{
    "enabled" : true,
    "staking" : false,
    "errors" : "",
    "currentblocksize" : 2307,
    "currentblocktx" : 5,
    "pooledtx" : 5,
    "difficulty" : 0.00024414,
    "search-interval" : 1,
    "weight" : 0,
    "netstakeweight" : 0,
    "expectedtime" : -1
}

[sandpaper]

Correct. Right now it will allow you to set the split/combine threshold using startup/config switches.  Default is split nothing below 5 and combine if possible up to 20. It can be set to a max of splitthreshold of 10 and combine of 40.

I will allow these to increase for future, but based on wallet size and once the hard fork takes effect.

Thousand, right?  Blocks of 40 HBN seem very small.

No 40.  Blocks of 40 stake fairly quickly. And the QT can easily handle thousands of them with ease.  I will be increasing them in the future. For now a user, if they know how, can simply change the code and re-compile it, or they can combine manually.

Is this a usable feature at the moment? I would love to not have to do this manually.

[Tranz]

Correct. Right now it will allow you to set the split/combine threshold using startup/config switches.  Default is split nothing below 5 and combine if possible up to 20. It can be set to a max of splitthreshold of 10 and combine of 40.

I will allow these to increase for future, but based on wallet size and once the hard fork takes effect.

Thousand, right?  Blocks of 40 HBN seem very small.

No 40.  Blocks of 40 stake fairly quickly. And the QT can easily handle thousands of them with ease.  I will be increasing them in the future. For now a user, if they know how, can simply change the code and re-compile it, or they can combine manually.

Is this a usable feature at the moment? I would love to not have to do this manually.

Yes it is on by default in version 1.5, and can be increased by the start up switches.

You can check the current thresholds by clicking network->Current Pos Info or clicking the staking arrow.

This will be fully integrated into RPC and the GUI in the time frame noted above.

[micax1]

Hi.

http://hbn.blockx.info/richlist/ is down (

[ElTomeko27]

Hi.

http://hbn.blockx.info/richlist/ is down (

This one is more stable - http://hbn.cryptocoinexplorer.com/rich