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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 429950 times)
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crazyivan
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May 08, 2015, 06:25:34 AM
 #3761

I used to have just one block, but thought I saw somewhere that it was better to break them up , so now I have 25 blocks of 5k but if it is better to just stake every other month, I don't see any advantage to staking everyday like I do with NET

Every other month?

But if you have a block which is 60 days old, don't you lose the coins which you would get if you would stake at 30 days?

For example, you have 1000 TEK, after 30 days you stake at 10% and you get 1100 coins to stake the next month.

If you stake every other month, in 60 days you ll still have that original 1000 TEK block to stake.

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May 08, 2015, 10:17:00 AM
 #3762

I used to have just one block, but thought I saw somewhere that it was better to break them up , so now I have 25 blocks of 5k but if it is better to just stake every other month, I don't see any advantage to staking everyday like I do with NET

Every other month?

But if you have a block which is 60 days old, don't you lose the coins which you would get if you would stake at 30 days?

For example, you have 1000 TEK, after 30 days you stake at 10% and you get 1100 coins to stake the next month.

If you stake every other month, in 60 days you ll still have that original 1000 TEK block to stake.

You will get the rate for 60 days.

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May 12, 2015, 02:59:10 AM
 #3763

I am a little confused by the "you will get the rate of 60 days."
If you don't stake 1000 coins for 60 days at 10% you will get 30 day rate of 1100, and the 1210 for the second month all in one go?
How about partial months?
Let's say I wait out 40 days because the difficulty is too high, then it drops down so I start staking.  How is my extra 10 days paid out to me?

Also, if we all want to wait for a low difficulty, can the next release of the wallet have an auto-stake at the lowest difficulty?

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May 12, 2015, 03:01:33 AM
 #3764

I am a little confused by the "you will get the rate of 60 days."
If you don't stake 1000 coins for 60 days at 10% you will get 30 day rate of 1100, and the 1210 for the second month all in one go?
How about partial months?
Let's say I wait out 40 days because the difficulty is too high, then it drops down so I start staking.  How is my extra 10 days paid out to me?

Also, if we all want to wait for a low difficulty, can the next release of the wallet have an auto-stake at the lowest difficulty?

I can't recall exactly how it's coded, but the interest rate is approximately 500% per annum (with variation from Novacoin code). If you go past the initial maturity, there's no upper limit. If you held out for a full year, and hit the difficulty correctly, you'd get ~500 %. Some POS coins have a "window" where it stops gaining weight after a time. TEK doesn't.

EDIT, I hit post too soon Tongue

It should be relatively trivial to write a script that monitors difficulty and unlocks your wallet via RPC command. Personally, I'm along for the ride. It stakes at whatever it stakes at. I know that's not optimal, but it's my game.

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May 12, 2015, 03:53:01 AM
 #3765

Any possibility of adding S4C/S4E into the wallet?? Like the one in NETcoin wallet?

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May 12, 2015, 06:18:56 AM
 #3766

Some POS coins have a "window" where it stops gaining weight after a time. TEK doesn't.

As far as I can see TEK has the standard PPC stake protocol including max weight

Code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 30; // minimum age for coin age
unsigned int nStakeMaxAge = 60 * 60 * 24 * 90; // stake age of full weight
unsigned int nStakeTargetSpacing = 1 * 60; // 60 seconds block spacing
https://github.com/noise23/TEK/blob/master/src/main.cpp#L46

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May 12, 2015, 07:39:56 AM
 #3767

Some POS coins have a "window" where it stops gaining weight after a time. TEK doesn't.

As far as I can see TEK has the standard PPC stake protocol including max weight

Code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 30; // minimum age for coin age
unsigned int nStakeMaxAge = 60 * 60 * 24 * 90; // stake age of full weight
unsigned int nStakeTargetSpacing = 1 * 60; // 60 seconds block spacing
https://github.com/noise23/TEK/blob/master/src/main.cpp#L46

Hmm. I wonder if that's part of Noise23's update? Or was I just wrong?

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May 12, 2015, 08:25:13 AM
 #3768

Some POS coins have a "window" where it stops gaining weight after a time. TEK doesn't.

As far as I can see TEK has the standard PPC stake protocol including max weight

Code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 30; // minimum age for coin age
unsigned int nStakeMaxAge = 60 * 60 * 24 * 90; // stake age of full weight
unsigned int nStakeTargetSpacing = 1 * 60; // 60 seconds block spacing
https://github.com/noise23/TEK/blob/master/src/main.cpp#L46

Hmm. I wonder if that's part of Noise23's update? Or was I just wrong?

My understanding was only the weight was limited at 90 days, limiting block weight competing for stake but the interest continues to accrue until it does stake. Does anywhere in the tekcoin code say different.
Basically the staking weight is capped but the interest earned is not, meaning you would earn more interest the longer it takes to stake.

 Cool
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May 12, 2015, 02:54:04 PM
 #3769

Some POS coins have a "window" where it stops gaining weight after a time. TEK doesn't.

As far as I can see TEK has the standard PPC stake protocol including max weight

Code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 30; // minimum age for coin age
unsigned int nStakeMaxAge = 60 * 60 * 24 * 90; // stake age of full weight
unsigned int nStakeTargetSpacing = 1 * 60; // 60 seconds block spacing
https://github.com/noise23/TEK/blob/master/src/main.cpp#L46

Hmm. I wonder if that's part of Noise23's update? Or was I just wrong?

It would have been a hard fork not a simple update. Pretty sure that its always been this way, but not positive.

Been a while since I have thought about TEK Tongue Looks like the community has stayed strong here Smiley

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May 12, 2015, 09:59:49 PM
 #3770

Some POS coins have a "window" where it stops gaining weight after a time. TEK doesn't.

As far as I can see TEK has the standard PPC stake protocol including max weight

Code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 30; // minimum age for coin age
unsigned int nStakeMaxAge = 60 * 60 * 24 * 90; // stake age of full weight
unsigned int nStakeTargetSpacing = 1 * 60; // 60 seconds block spacing
https://github.com/noise23/TEK/blob/master/src/main.cpp#L46

Hmm. I wonder if that's part of Noise23's update? Or was I just wrong?

As long as i can remember it has always been this way.
Biomech
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May 13, 2015, 04:33:00 AM
 #3771

Some POS coins have a "window" where it stops gaining weight after a time. TEK doesn't.

As far as I can see TEK has the standard PPC stake protocol including max weight

Code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 30; // minimum age for coin age
unsigned int nStakeMaxAge = 60 * 60 * 24 * 90; // stake age of full weight
unsigned int nStakeTargetSpacing = 1 * 60; // 60 seconds block spacing
https://github.com/noise23/TEK/blob/master/src/main.cpp#L46

Hmm. I wonder if that's part of Noise23's update? Or was I just wrong?

As long as i can remember it has always been this way.

Ah well. Not the first time I've been wrong Tongue

I guess my understanding was off because it does continue to accrue "interest", but not weight. I thought it was both. Never had a TEK block take more than a couple days to stake, so I didn't care, but it's better to be correct.

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May 15, 2015, 02:35:33 PM
 #3772

stake it up  Shocked

pos diff is back to .0000x now and paying 40%
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May 15, 2015, 02:40:41 PM
 #3773

stake it up  Shocked

pos diff is back to .0000x now and paying 40%

I staked 4 blocks this morning at 40%
I have one more to go

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May 15, 2015, 10:22:54 PM
 #3774

stake it up  Shocked

pos diff is back to .0000x now and paying 40%

Cha-Ching!
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May 19, 2015, 06:00:29 PM
 #3775

getting close to 20btc volume at cryptsy in last 24hours  Smiley
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May 19, 2015, 07:56:27 PM
 #3776

getting close to 20btc volume at cryptsy in last 24hours  Smiley

that is awesome

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May 26, 2015, 03:02:05 AM
 #3777

You guys should update the information on Crypsty.  It says 100 million coins, but it really is unlimited, right?

https://www.cryptsy.com/currencies/view/TEK

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May 26, 2015, 03:29:56 AM
 #3778

You guys should update the information on Crypsty.  It says 100 million coins, but it really is unlimited, right?

https://www.cryptsy.com/currencies/view/TEK
I just talked to thundertoe to clarify (and make him aware of this). Yes the information is incorrect. 100 million is the transaction limit, but there is currently nothing in the code that ends POW.

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May 26, 2015, 04:00:41 AM
 #3779

Has there been any discussion, or plans to get Tek on to coinpayments.com??

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May 29, 2015, 02:02:27 AM
 #3780

anyone having trouble connecting to the network. My wallet is suddenly dropping on and off the network. I think I need a new set of nodes please.
Thanks in advance...

Is there a way to figure out good nodes to use. I find that every so many months I have to get new nodes. It would be nice to know how to discover new nodes on my own.

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