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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 429967 times)
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clockuniverse
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June 04, 2015, 02:40:13 AM
 #3801

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.

Thanks Biomech for clarifying!  I really think this needs to be changed on Crypsty because it is false advertising and the whole motto of Tekcoin is No BS.

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coinhugger
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June 04, 2015, 03:21:50 AM
 #3802

Hi, I'm a fan of TEK and I got quite a few of them in my wallet but I have a noob question.

What exactly is causing the difficulty to go up so much?  Today it's about 0.0018 but it fluctuates. All I understand is that I should keep my wallet locked and wait for lower diff before staking to maximize the stake rate.

Is the high diff caused by a lot of people mining it? (POW).  Or is it because a lot of wallets are open, or not open, or staking, or locked?  Ok, I'm sure you get that I'm totally clueless at understanding this. Would somebody be so kind to explain it to me?

Thanks!

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June 04, 2015, 07:34:32 AM
 #3803

If I'm not mistaken, difficulty is rising due to the huge amount of small blocks that are staking.
You can observe this at http://blockexperts.com/tek

The only way to avoid this, is to combine smaller blocks into one large block.

@Thundertoe, correct me if I'm wrong


Hi, I'm a fan of TEK and I got quite a few of them in my wallet but I have a noob question.

What exactly is causing the difficulty to go up so much?  Today it's about 0.0018 but it fluctuates. All I understand is that I should keep my wallet locked and wait for lower diff before staking to maximize the stake rate.

Is the high diff caused by a lot of people mining it? (POW).  Or is it because a lot of wallets are open, or not open, or staking, or locked?  Ok, I'm sure you get that I'm totally clueless at understanding this. Would somebody be so kind to explain it to me?

Thanks!


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June 04, 2015, 12:16:05 PM
 #3804

If I'm not mistaken, difficulty is rising due to the huge amount of small blocks that are staking.
You can observe this at http://blockexperts.com/tek

The only way to avoid this, is to combine smaller blocks into one large block.

@Thundertoe, correct me if I'm wrong


Hi, I'm a fan of TEK and I got quite a few of them in my wallet but I have a noob question.

What exactly is causing the difficulty to go up so much?  Today it's about 0.0018 but it fluctuates. All I understand is that I should keep my wallet locked and wait for lower diff before staking to maximize the stake rate.

Is the high diff caused by a lot of people mining it? (POW).  Or is it because a lot of wallets are open, or not open, or staking, or locked?  Ok, I'm sure you get that I'm totally clueless at understanding this. Would somebody be so kind to explain it to me?

Thanks!


You're correct, and also in regards the original question, POW difficulty is not related to POS difficulty. They are completely different functions.

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June 04, 2015, 02:47:31 PM
 #3805

If I'm not mistaken, difficulty is rising due to the huge amount of small blocks that are staking.
You can observe this at http://blockexperts.com/tek

The only way to avoid this, is to combine smaller blocks into one large block.

@Thundertoe, correct me if I'm wrong


Hi, I'm a fan of TEK and I got quite a few of them in my wallet but I have a noob question.

What exactly is causing the difficulty to go up so much?  Today it's about 0.0018 but it fluctuates. All I understand is that I should keep my wallet locked and wait for lower diff before staking to maximize the stake rate.

Is the high diff caused by a lot of people mining it? (POW).  Or is it because a lot of wallets are open, or not open, or staking, or locked?  Ok, I'm sure you get that I'm totally clueless at understanding this. Would somebody be so kind to explain it to me?

Thanks!


You're correct, and also in regards the original question, POW difficulty is not related to POS difficulty. They are completely different functions.

Thank you ClioRS and Biomech for responding to my questions.

So if I understand it correctly the only way to lower the TEK POS difficulty is that we all collaborate and start combining all these small blocks into larger ones?  And if no one (or not enough people) will do this then we'll never see a 40% monthly stake rate ever again?

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June 04, 2015, 07:55:39 PM
 #3806

2 quick question.

1- Can we lock our wallet after we unlock it ? Cant find the way to do it.

2- I see not staking becasue wallet is locked even if Im unlocked ?

 Wink

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June 05, 2015, 01:47:17 AM
 #3807


Thank you ClioRS and Biomech for responding to my questions.

So if I understand it correctly the only way to lower the TEK POS difficulty is that we all collaborate and start combining all these small blocks into larger ones?  And if no one (or not enough people) will do this then we'll never see a 40% monthly stake rate ever again?


That is correct. Due to relative complexity, I doubt everyone will merge blocks, so there will always be a fluctuating difficulty going forward. But I wouldn't worry too much about it and here's why:
The difficulty mechanism is intended to control inflation, which in the long run should boost the value of the coin. So in the end, regardless of how many coins you have, it may not make any difference in your total wealth.

Disclaimer: This is just a theory I pulled out of my butt.
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June 05, 2015, 01:55:09 AM
 #3808

anyone can answer my question Tongue

1- Can we lock our wallet after we unlock it ? Cant find the way to do it.

2- I see not staking becasue wallet is locked even if Im unlocked ?

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June 05, 2015, 02:26:58 AM
 #3809

anyone can answer my question Tongue

1- Can we lock our wallet after we unlock it ? Cant find the way to do it.

2- I see not staking becasue wallet is locked even if Im unlocked ?

I mainly use the daemon, so I know the commands. Not sure if there are buttons in the GUI or not. But if you use the command walletpassphrase <passphrase> <time in seconds> to unlock the wallet from the debug console, it will automatically relock in x seconds (x being how many you told it). I don't recall the manual lock phrase, I think it's just walletlock in the debug console. But if you type "help" in the debug console it will list all available commands except command line startup options.

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June 05, 2015, 02:34:53 AM
 #3810

thanks ! This could be added to the wallet  Wink

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June 05, 2015, 02:34:28 PM
 #3811

Grin  price is cracking 5k sats again today.  Shocked

TEKcoin looking great in 2015



Yes, will be a good year for TEK. Hope some noob doesn't sell his coins for a measly $300 like awhile back. What was it for a car or something? 

That is fairly short sighted and close minded. We all do this for profit right? Why hate on another person for doing the same. Any dump is a great chance to pick up coin at a bargain price, i have my orders ready do you? Bring on the dumpers!
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June 05, 2015, 04:02:48 PM
 #3812

Grin  price is cracking 5k sats again today.  Shocked

TEKcoin looking great in 2015



Yes, will be a good year for TEK. Hope some noob doesn't sell his coins for a measly $300 like awhile back. What was it for a car or something? 

That is fairly short sighted and close minded. We all do this for profit right? Why hate on another person for doing the same. Any dump is a great chance to pick up coin at a bargain price, i have my orders ready do you? Bring on the dumpers!

Besides, if you're a serious trader, it's not that hard to set a floor. If you're ass is broke like me, then you set your price and hope...

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June 06, 2015, 02:27:44 AM
 #3813

Question for Dev,

How many Hard coded nodes are in the Tek Software?

Thanks.
 Cool
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June 06, 2015, 02:36:07 AM
 #3814

Question for Dev,

How many Hard coded nodes are in the Tek Software?

Thanks.
 Cool

It has 5 hard coded nodes + IRC node discovery turned on.

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June 06, 2015, 04:56:55 AM
 #3815

Veteran Traders know Tek is one of the best/most trusted coins out there, and works like a dream.

Vegas

I want to make sure everyone knows that I just released my software called "Yobit pump alert". THis is custom software that uses an algo to detect the start of a pump here on yobit, the second it starts. YOu can even filter the coins you see by price. Most pumps start less than 100 sats , so you can easily filter the cheap coins, so they are the only ones displayed Smiley https://bitcointalk.org/index.php?topic=1945937.msg20241953#msg20241953
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June 07, 2015, 07:33:50 PM
 #3816

Grin  price is cracking 5k sats again today.  Shocked

TEKcoin looking great in 2015



Yes, will be a good year for TEK. Hope some noob doesn't sell his coins for a measly $300 like awhile back. What was it for a car or something? 

That is fairly short sighted and close minded. We all do this for profit right? Why hate on another person for doing the same. Any dump is a great chance to pick up coin at a bargain price, i have my orders ready do you? Bring on the dumpers!

Besides, if you're a serious trader, it's not that hard to set a floor. If you're ass is broke like me, then you set your price and hope...


If you look at cryptsy - you will see how volume rised.. now it takes alot of tek for price to move just a little! Volatility down
peace

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June 08, 2015, 11:27:12 AM
 #3817

Does anyone ever joined www.stakemybit.com to stake TekCoin? And Does anyone knows how to contact its webmaster?
I sent a bunch of coin but did'nt get anything on the account pool, if it is not working anymore i think we should know before losing coins...
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June 09, 2015, 08:22:49 PM
 #3818

Working on adding TEK to my little block chain analysis site. My local version is all synced up, but my server is only half way synced Cry

Anyways, thought you TEKheads would like to see your weight spent and annual stake rate charts Cheesy  As expected, PoS difficulty and annual stake rate look to move exactly opposite of each other.


presstab's Block Explorer Service | Only $10/mo for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
PIVX - Private Instant Verified Tx | HyperStake - Fun & Easy High Reward Staking
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June 09, 2015, 09:08:23 PM
 #3819

Working on adding TEK to my little block chain analysis site. My local version is all synced up, but my server is only half way synced Cry

Anyways, thought you TEKheads would like to see your weight spent and annual stake rate charts Cheesy  As expected, PoS difficulty and annual stake rate look to move exactly opposite of each other.

Wow! Very nice job!!
Thanks for the insight Smiley Can't wait to see more now! Cheesy
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June 10, 2015, 08:39:28 PM
 #3820

Alright TEKheads my little block chain analysis tool is up Smiley Took a while to sync all those blocks Wink

http://www.presstab.pw/phpexplorer/TEK/

Don't forget to check out the address chart. For example, check out the #1 balance on the richlist http://www.presstab.pw/phpexplorer/TEK/address.php?address=BacHhukjEjvxFsHaGnbYAZnsLmRfYPbdZR

Looking at the chart, this guy has the majority of his stake at the same time each month... and could drive diff up during those few days.

presstab's Block Explorer Service | Only $10/mo for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
PIVX - Private Instant Verified Tx | HyperStake - Fun & Easy High Reward Staking
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