[TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico

[skunk]

is there a way to see staking difficulty history data?
i'm not sure but since staking happens just once every 30 days, it would make sense to have a maximum staking difficulty option into the wallet, this way holders can control (to some extents) the % instead of keeping the wallet encrypted and watching manually for the right diff...

edit: imvho, it would also avoid having lot of wallets staking at the same time thus having too high increases of staking difficulty, wouldn't it?

[CrazyLoaf]

High PoS Coin IRC Society

So I've been watching Hyperstake (HYP) and noted that they have a fairly active community going on in their IRC. Unlike the usual junk altcoins vying to "replace BTC" before crashing in value as "investors" move on to the next coin, high PoS coins can exist in harmony since they all provide different features and risk/return profiles to the cryptocurrency *asset* market.

Right now, I'm trying to see if there is interest in having a joint IRC channel for such coins. I'm looking to involve established coins with at least semi-active developers.

Feel free to reply and/or PM me with suggestions as well as anything that you'd be willing to offer, help with, or spearhead. I don't mind topping off tipbots, games, and other aspects, but I'm looking to have something that the community runs and is interested in doing. Thanks and happy staking

[thundertoe]

There is a working crawler for TEK here that i had missed putting back up when it was updated. http://altexplorer.info/chains/TEK/block_crawler.php  If there are any other links or edits to the main op that would be good let me know.

[breakbeater]

Just staked a block @ diff .00027. Got about 30%

[thundertoe]

Just staked a block @ diff .00027. Got about 30%

staked myself a min ago .00026 30%

[vegasguy]

High PoS Coin IRC Society

So I've been watching Hyperstake (HYP) and noted that they have a fairly active community going on in their IRC. Unlike the usual junk altcoins vying to "replace BTC" before crashing in value as "investors" move on to the next coin, high PoS coins can exist in harmony since they all provide different features and risk/return profiles to the cryptocurrency *asset* market.

Right now, I'm trying to see if there is interest in having a joint IRC channel for such coins. I'm looking to involve established coins with at least semi-active developers.

Feel free to reply and/or PM me with suggestions as well as anything that you'd be willing to offer, help with, or spearhead. I don't mind topping off tipbots, games, and other aspects, but I'm looking to have something that the community runs and is interested in doing. Thanks and happy staking

Hey crazy loaf you know I love those HIGH POS coins. Im not always on IRC, but you have your own thread here on BCT, so what about just using that.

Vegas

[skunk]

is there a way to see staking difficulty history data?
i'm not sure but since staking happens just once every 30 days, it would make sense to have a maximum staking difficulty option into the wallet, this way holders can control (to some extents) the % instead of keeping the wallet encrypted and watching manually for the right diff...

edit: imvho, it would also avoid having lot of wallets staking at the same time thus having too high increases of staking difficulty, wouldn't it?

well, the silence makes me believe i've proposed something that doesn't make sense and that i'm missing something...
would somebody mind to explain me what i'm missing?
i'll really appreciate it, thank you.

[thundertoe]

is there a way to see staking difficulty history data?
i'm not sure but since staking happens just once every 30 days, it would make sense to have a maximum staking difficulty option into the wallet, this way holders can control (to some extents) the % instead of keeping the wallet encrypted and watching manually for the right diff...

edit: imvho, it would also avoid having lot of wallets staking at the same time thus having too high increases of staking difficulty, wouldn't it?

This is a really good idea, spreading those stakes out is good for the chain. I think something like this could be doable. Ill start passing the idea around devs i know see if we can work out he mechanics of how to accomplish something like this.

As for tracking the past pos diff, not sure best way to do that. Much data prior to a last few days  may not help since we are still recovering from the hardfork spike swings.  I am staking daily atm to get a good baseline of data, though i expect pos diff to gradually trend down as we move a little farther from the bulk of hardfork rollover stakes.

[skunk]

is there a way to see staking difficulty history data?
i'm not sure but since staking happens just once every 30 days, it would make sense to have a maximum staking difficulty option into the wallet, this way holders can control (to some extents) the % instead of keeping the wallet encrypted and watching manually for the right diff...

edit: imvho, it would also avoid having lot of wallets staking at the same time thus having too high increases of staking difficulty, wouldn't it?

This is a really good idea, spreading those stakes out is good for the chain. I think something like this could be doable. Ill start passing the idea around devs i know see if we can work out he mechanics of how to accomplish something like this.

As for tracking the past pos diff, not sure best way to do that. Much data prior to a last few days  may not help since we are still recovering from the hardfork spike swings.  I am staking daily atm to get a good baseline of data, though i expect pos diff to gradually trend down as we move a little farther from the bulk of hardfork rollover stakes.

thank you thundertoe, i'll make some pos difficulty graphs if i can figure out how to use altexplorer.info's api...

[ryanb]

I staked today and got around 30%

[gribgo]

is there a way to see staking difficulty history data?
i'm not sure but since staking happens just once every 30 days, it would make sense to have a maximum staking difficulty option into the wallet, this way holders can control (to some extents) the % instead of keeping the wallet encrypted and watching manually for the right diff...

edit: imvho, it would also avoid having lot of wallets staking at the same time thus having too high increases of staking difficulty, wouldn't it?

This is a really good idea, spreading those stakes out is good for the chain. I think something like this could be doable. Ill start passing the idea around devs i know see if we can work out he mechanics of how to accomplish something like this.

As for tracking the past pos diff, not sure best way to do that. Much data prior to a last few days  may not help since we are still recovering from the hardfork spike swings.  I am staking daily atm to get a good baseline of data, though i expect pos diff to gradually trend down as we move a little farther from the bulk of hardfork rollover stakes.

thank you thundertoe, i'll make some pos difficulty graphs if i can figure out how to use altexplorer.info's api...

I am sure that it is a good idea too. We need this POS difficulty chart.. as it turns out to be more important to track then pow difficulty..
If it will be possible to implement some option right in the wallet.. so the stake will trigger when the POS difficulty is good for the best profit.

[thundertoe]

staked 33.7% today diff was .000134, has dropped since

[thundertoe]

Do you get a higher % stake with bigger blocks?  Like I said; I only got 26.5% with a difficulty of 0.000084.  Block was about 228 TEK.

No, the % rate is the same for diff block sizes.

[m33]

Do you get a higher % stake with bigger blocks?  Like I said; I only got 26.5% with a difficulty of 0.000084.  Block was about 228 TEK.

No, the % rate is the same for diff block sizes.

If rate is same , why he got less with lower diff?

[thundertoe]

Do you get a higher % stake with bigger blocks?  Like I said; I only got 26.5% with a difficulty of 0.000084.  Block was about 228 TEK.

No, the % rate is the same for diff block sizes.

If rate is same , why he got less with lower diff?

no idea,  some more data would be nice,  since this is contradicting all other data that is being reported by all other users.

[aSmallChild666]

Data: PoS Mined 9/29/14 16:47 ---  60.589638  off of 228.107684 TEK deposited 6/30/14 12:36  which staked (first time) on 8/29/14 21:21 for 80.839899 TEK.

I saw difficulty was relatively low so I unlocked my wallet after seeing all these 30% stakes at~0.0002 difficulty.  Can't remember exactly but I don know that 0.00009>diff>0.000082.  That's all I got.

Come to think of it, I sure hope that what I staked was only on the 228.107684 and not on 308.947583 (Principal + First Stake).  Then I would start to get really upset.  Been yanked by this coin from day one when I bought it for 78k.  I am going to unlock my wallet and see if my first stake stakes.  Difficulty is currently 0.000110

So I got another stake (58.471592 TEK).  If I add it to my other one and divide them by My original amount plus the first stake then it works out to a 38.5% Net stake.  Now I am well pleased; however, I am perplexed about it coming in 2 roughly equal halves.  I had assumed that there would be two stakes (one for my initial and a smaller one for the first stake).  I figured next month, I would end up with 4 even smaller stakes.  That could get quite tedious trying to combine blocks all the time  so it seems reasonable to make some algorithm that keeps us from getting infinitely more stakes of exponentially smaller sizes.

[bestsponsor]

Read the previous post about 38.5%, and all rushed to unlock their wallets.
Now everyone will cry that received only 15-20%.
Why are you in your wallet, do not look to the "Statistics"?
Wait 4 zeros in POS diff.

[m33]

Read the previous post about 38.5%, and all rushed to unlock their wallets.
Now everyone will cry that received only 15-20%.
Why are you in your wallet, do not look to the "Statistics"?
Wait 4 zeros in POS diff.

maybe u should read the early post yourself , now not talk about percentage , but why with lower diff getting less

[thundertoe]

Interesting looks like volume tapered off right as pos diff spiked, and price looks to be turning around. Possibly directly related to less stake being sold off but demand levels staying the same.

[bee7]

Do you get a higher % stake with bigger blocks?  Like I said; I only got 26.5% with a difficulty of 0.000084.  Block was about 228 TEK.

No, the % rate is the same for diff block sizes.

If rate is same , why he got less with lower diff?

Just by the TEK specs, although it is not mentioned in the OP, from the source code we could see:
https://github.com/maxxine/TEK/blob/master/src/main.cpp#L984

   // tekcoin: reward for coin-year is cut in half every 64x multiply of PoS difficulty
    // A reasonably continuous curve is used to avoid shock to market
    // (nRewardCoinYearLimit / nRewardCoinYear) ** 4 == bnProofOfStakeLimit / bnTarget
    //
    // Human readable form:
    //
    // nRewardCoinYear = 1 / (posdiff ^ 1/4)

So, the biggest reward you get when difficulty is between 2^-16 (two in power of minus sixteen) and 2^-10, the next grade is when difficulty between 2^-10 and 2^-4, then the next is between 2^-4 and 2^2, e.t.c