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

[ryanb]

I staked at 42% past 5 days ago.

If you compound the interest it will pass 500%

[mtwelve]

Okay nice. Recommended starting amount?

[Trololoh]

I staked at 42% past 5 days ago.

If you compound the interest it will pass 500%

Any idea what diff was at that time ?

[thundertoe]

Okay nice. Recommended starting amount?

there is no optimum size really. Larger blocks have advantage of being more "powerful".  If you have a small block its like a small miner you "might" get lucky mint a block quick and should eventually, larger blocks/miners usually mint quicker. If you don't mint right away it will pay you more for the extra time you spent waiting. Somewhere back recently Biomech staked a single Tekcoin it did take him a few extra days but staked with extra payment.

[mtwelve]

My bad, been around HYP and 1000 reward limit for too long 

[Biomech]

My bad, been around HYP and 1000 reward limit for too long 

This was my first POS coin, and remains my favorite. It's definitely an accumulate and hold sort of coin. I'd try to start off with about 5K. I don't have that much at the moment, because I had problems in life and had to sell, but it stakes generally within a few days of the thirty day maturity. Far less sensitive to block size than HYP, and the hybrid nature makes it so that the chain keeps moving even if there are problems with POS.

There were some problems a bit back. Pretty bad transition to the fixed wallet, though it did get straight. I was part of that, as a guinea pig, and it was a bit of a PR disaster During that time, the POW side worked just fine. There were, unfortunately, several forks for a few days. In retrospect, it could have been done better, but we all thought we had a lid on it.
Now it's working as it should, and yes, sometimes the NVCS system does lower the interest if the difficulty gets too high, but you can choose not to stake at those times, and all you lose is a bit of time.

TEK is a very solid coin.

[Trololoh]

I have created a spread over 30 days.
Smallest stack size 18 TEK, no problem.
When diff is low they stake almost instantly.
That was a while ago, later on I bought some more created additional spreads and I have rewards coming in at command.
Just a matter of unlocking your wallet when diff is minimal.
Hardest part is to wait 30 days and to create a spread over 30 days.
So in total it will take about 60 days before your minting machine runs smoothly.
But its worth it. 

[ryanb]

I staked at 42% past 5 days ago.

If you compound the interest it will pass 500%

Any idea what diff was at that time ?

it was 0.000061

[Trololoh]

I staked at 42% past 5 days ago.

If you compound the interest it will pass 500%

Any idea what diff was at that time ?

it was 0.000061

That seems to be the magic nr.
Like I said, with low diff it means almost instant staking and we seem to only have more and more of these.
Staking at command.
Sweet !

[Smits]

I staked at 42% past 5 days ago.

If you compound the interest it will pass 500%

Any idea what diff was at that time ?

it was 0.000061

That seems to be the magic nr.
Like I said, with low diff it means almost instant staking and we seem to only have more and more of these.
Staking at command.
Sweet !

I've been staking at just above 40% recently as well (and very quick turn around )

[David Latapie]

I have noticed it has become more easier to wait for low diff of 0.000061.

Do you mean that HYP network (around 2.1) is THREE HUNDRED THOUSAND TIMES more secure than TEK's?

[Biomech]

I have noticed it has become more easier to wait for low diff of 0.000061.

Do you mean that HYP network (around 2.1) is THREE HUNDRED THOUSAND TIMES more secure than TEK's?

No. Because TEK is a hybrid and HYP is a pure POS coin. They don't really directly compare in security. The POW network difficulty... welll, I'll just pull the json.
{
"proof-of-work" : 237857.13633377,
"proof-of-stake" : 0.00006450,
"search-interval" : 1
}

As you know, I'm heavily into both of these coins, and I'm not going to badmouth either one. Honest comparisons are good, but on this one it's apples and oranges. I think HYP is the best secured and best functioning pure High PoS coin, but it's security is actually several orders of magnitude lower than TEK from a purely technical standpoint. Granted, it's harder to mount a 51% attack on HYP or any PoS coin that it would be on a pure PoW coin. But hybrids are the most secure of all, AND continue to function if something goes wrong with one of the proofs of work.

Both coins have strong merits and some problems. I have a strong position in both, and I consider them both worthy of it.

[David Latapie]

I have noticed it has become more easier to wait for low diff of 0.000061.

Do you mean that HYP network (around 2.1) is THREE HUNDRED THOUSAND TIMES more secure than TEK's?

No. Because TEK is a hybrid and HYP is a pure POS coin. They don't really directly compare in security. The POW network difficulty... welll, I'll just pull the json.
{
"proof-of-work" : 237857.13633377,
"proof-of-stake" : 0.00006450,
"search-interval" : 1
}

As you know, I'm heavily into both of these coins, and I'm not going to badmouth either one. Honest comparisons are good, but on this one it's apples and oranges. I think HYP is the best secured and best functioning pure High PoS coin, but it's security is actually several orders of magnitude lower than TEK from a purely technical standpoint. Granted, it's harder to mount a 51% attack on HYP or any PoS coin that it would be on a pure PoW coin. But hybrids are the most secure of all, AND continue to function if something goes wrong with one of the proofs of work.

Both coins have strong merits and some problems. I have a strong position in both, and I consider them both worthy of it.

Thank for this detailled reply.

[mmfiore]

I highly recommend participating in multiple POS coins. I have Tekcoin bottlecaps, hobonickles and Philosopher Stones. This way is more efficient as your PC is running anyway why not get multiple POS streams from one PC. I have been considering Hyp. Where is a good place to trade hyp coin? I do not believe that it is on cryptsy.

[David Latapie]

I highly recommend participating in multiple POS coins. I have Tekcoin bottlecaps, hobonickles and Philosopher Stones. This way is more efficient as your PC is running anyway why not get multiple POS streams from one PC. I have been considering Hyp. Where is a good place to trade hyp coin? I do not believe that it is on cryptsy.

Poloniex has the biggest volume by far, as well as a XMR/HYP and a XUSD/HYP market - which mean you can get HYP for dollars, possibly at a cheaper rate than VirWoX.

[mtwelve]

It is on cryptsy, but the main exchange is on Poloneix.

[Trololoh]

I have noticed it has become more easier to wait for low diff of 0.000061.

Do you mean that HYP network (around 2.1) is THREE HUNDRED THOUSAND TIMES more secure than TEK's?

No. Because TEK is a hybrid and HYP is a pure POS coin. They don't really directly compare in security. The POW network difficulty... welll, I'll just pull the json.
{
"proof-of-work" : 237857.13633377,
"proof-of-stake" : 0.00006450,
"search-interval" : 1
}

As you know, I'm heavily into both of these coins, and I'm not going to badmouth either one. Honest comparisons are good, but on this one it's apples and oranges. I think HYP is the best secured and best functioning pure High PoS coin, but it's security is actually several orders of magnitude lower than TEK from a purely technical standpoint. Granted, it's harder to mount a 51% attack on HYP or any PoS coin that it would be on a pure PoW coin. But hybrids are the most secure of all, AND continue to function if something goes wrong with one of the proofs of work.

Both coins have strong merits and some problems. I have a strong position in both, and I consider them both worthy of it.

Thank for this detailled reply.

Sorry guys did not notice your posts.
It was indeed TEK's luck of being a hybrid when we had the forking problem, while POS was "broken" could not handle the sudden surge of stacks staking, POW kept the chain alive.
And thanks Bio for the additional info.

The way I understand POS the TEK way and POS the HYP they are very different.
Anti inflation control measures are completely different and can not be compared.
Both having their plus and minus points depending on personal preference one might prefer only one of those.
I prefer both because of the diff POS schemes, both are additions to each other as such.
Or is it they complement each other ?
Besides from the obvious advantages of diversifying.

[Biomech]

I have noticed it has become more easier to wait for low diff of 0.000061.

Do you mean that HYP network (around 2.1) is THREE HUNDRED THOUSAND TIMES more secure than TEK's?

No. Because TEK is a hybrid and HYP is a pure POS coin. They don't really directly compare in security. The POW network difficulty... welll, I'll just pull the json.
{
"proof-of-work" : 237857.13633377,
"proof-of-stake" : 0.00006450,
"search-interval" : 1
}

As you know, I'm heavily into both of these coins, and I'm not going to badmouth either one. Honest comparisons are good, but on this one it's apples and oranges. I think HYP is the best secured and best functioning pure High PoS coin, but it's security is actually several orders of magnitude lower than TEK from a purely technical standpoint. Granted, it's harder to mount a 51% attack on HYP or any PoS coin that it would be on a pure PoW coin. But hybrids are the most secure of all, AND continue to function if something goes wrong with one of the proofs of work.

Both coins have strong merits and some problems. I have a strong position in both, and I consider them both worthy of it.

Thank for this detailled reply.

Sorry guys did not notice your posts.
It was indeed TEK's luck of being a hybrid when we had the forking problem, while POS was "broken" could not handle the sudden surge of stacks staking, POW kept the chain alive.
And thanks Bio for the additional info.

The way I understand POS the TEK way and POS the HYP they are very different.
Anti inflation control measures are completely different and can not be compared.
Both having their plus and minus points depending on personal preference one might prefer only one of those.
I prefer both because of the diff POS schemes, both are additions to each other as such.
Or is it they complement each other ?
Besides from the obvious advantages of diversifying.

The coins are quite different. What I like about both is defined by those differences. HYP stakes quite quickly. On average it will stake three times for every one that TEK stakes. But TEK stakes much easier (at least so far). One TEK will stake fairly quickly. One HYP takes a LONG time.

Inflation control is radically different and has been demonstrated to work in both coins. HYP doesn't change the interest rate in the code, but it has the max subsidy at 1K HYP. There's no max subsidy in TEK, but if you hit when the diffculty is wrong, the code inherited from Novacoin lowers the rate of stake, and it can be substantial if the network difficulty is high. You retain control in both cases, as you can simply lock your wallet until you're confident the time in right.

Presstab thought his scheme was better than NVCS. I'm not convinced. I think it's different, and effective, but I think both systems have merit. I believe the coins complement each other. I'm not a believer in putting all my eggs in one basket. TEK is at a pretty low exchange rate right now, so I'm going to try to acquire more. I've gotten almost to my goal on HYP, and I'm behind on TEK, so that's where my next purchases will be. Hopefully the price stays down for a few days while I acquire some bitcoin

My third coin is HBN, and I am ahead of TEK in my holdings there, so I'm staking it for a while while I build up TEK. Then HBN will be the target.

[4x13]

Is it a possibility to get a wallet setup that can be run from a Raspi??

[Biomech]

Is it a possibility to get a wallet setup that can be run from a Raspi??

Should be. Try the instructions for the HYP wallet and see if it works. TEK's is a little bit smaller at compile, so I'd think it would work.

Don't have one to test the theory