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Author Topic: [TEK] TEKcoin Hi-PoS hybrid pos/pow no premine/ipo/ico  (Read 430424 times)
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bastilar
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November 18, 2015, 04:57:41 PM
 #4401

Something weird has been happening to Blockchain syncing over the last couple of hours. The POS difficulty is down to 0.00006103, but the remaining blocks to sync number keeps on going up and down. Theoretically it should be possible to mint at the near maximum of 40%. The number of active nodes is now low and dropped down to one several times a few minutes ago. I've been trying to sync for several hours.

PressTab's explorer is offline, and has been so for some time. Last time I connected with it live was approximately 12 hours ago. It had been showing that POW mining input was non-existent. I did successfully mint at that time with a yield of around 33%.

I have more coins that are mature, but don't want to open staking until syncing with the Blockchain is stable. Can anyone throw light on this?

EDIT: Shortly after posting this, the syncing problem cleared up and I minted my stake almost immediately. PressTab's explorer is still offline, but I can confirm that the difficulty is still currently in the 0.00006 range, meaning that near maximum staking is possible at this time. Check before staking though.

presstab has been lagging the past couple of weeks. Might be the new hard fork coming through and he's trying to implement it before going live to test for bugs or something.

I minted yesterday fearing it would go back up and only got 30%, ah well.

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November 18, 2015, 07:55:27 PM
 #4402

30% is a good return for 30 days, as is 12%, which is the lowest I've seen it. I think we are spoilt by High Stake Tek! The main thing is that you are guarranteed something shortly after maturation, unless your stake is abnormally small. Tekcoin staking is easy, only lately you have to be difficulty aware to maximise while the new fork comes into place. 40%, or 12%, very few coins give such a good return.  Wink

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November 18, 2015, 08:47:25 PM
 #4403

May be TEK split into 2 blockchain?

United SciFi Coin [SCIFI]   PoW/PoS coin fully protected from any attack and cheating.
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November 18, 2015, 09:13:02 PM
 #4404

May be TEK split into 2 blockchain?
Why do you think so?

Anyway, you can check it -
Code:
getblockhash 1279841
should be
Code:
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13

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November 18, 2015, 09:37:53 PM
 #4405

Because when synching last 7000 blocks in log file I have many lines like:

Misbehaving: 98.196.176.136:8514 (0 -> 100) DISCONNECTING

and
received block 553aaee668bf9d239608
ProcessBlock: ORPHAN BLOCK, prev=4049257fc391daf24b0b

and
ERROR: ProcessBlock() : block with too little proof-of-stake

 

United SciFi Coin [SCIFI]   PoW/PoS coin fully protected from any attack and cheating.
Couldbe
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November 18, 2015, 10:33:25 PM
 #4406

May be TEK split into 2 blockchain?
Why do you think so?

Anyway, you can check it -
Code:
getblockhash 1279841
should be
Code:
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13

Hash for block 1279841 seems to be OK. Mine is identical to yours:
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 - your line
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 - my line

Anyone have anything different?

To double-check, for Block 1279934 which came in just before 10:13pm UK time (minutes ago) I have this hash:

61cf8c69280b232d3bf695ebe8b5599be77f3b366511e6671539c02fbe61ecf2

Syncing seems to be quite smooth now.
Enema
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November 19, 2015, 01:18:50 AM
 #4407

Something weird has been happening to Blockchain syncing over the last couple of hours. The POS difficulty is down to 0.00006103, but the remaining blocks to sync number keeps on going up and down. Theoretically it should be possible to mint at the near maximum of 40%. The number of active nodes is now low and dropped down to one several times a few minutes ago. I've been trying to sync for several hours.

PressTab's explorer is offline, and has been so for some time. Last time I connected with it live was approximately 12 hours ago. It had been showing that POW mining input was non-existent. I did successfully mint at that time with a yield of around 33%.

I have more coins that are mature, but don't want to open staking until syncing with the Blockchain is stable. Can anyone throw light on this?

EDIT: Shortly after posting this, the syncing problem cleared up and I minted my stake almost immediately. PressTab's explorer is still offline, but I can confirm that the difficulty is still currently in the 0.00006 range, meaning that near maximum staking is possible at this time. Check before staking though.
Good to know I was not the only one having problems getting synced.
Made a couple of re-starts of the wallet since it got stuck after down loading a couple of 100 blocks.
Once synced there was a time off set of +10 min, which corrected itself after running for a while.
After checking with the explorer I unlocked and staked for a full 40%.
Finally after 70 days ...

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November 19, 2015, 04:39:10 AM
 #4408

May be TEK split into 2 blockchain?
Why do you think so?

Anyway, you can check it -
Code:
getblockhash 1279841
should be
Code:
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13

Hash for block 1279841 seems to be OK. Mine is identical to yours:
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 - your line
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 - my line
Anyone have anything different?
To double-check, for Block 1279934 which came in just before 10:13pm UK time (minutes ago) I have this hash:
61cf8c69280b232d3bf695ebe8b5599be77f3b366511e6671539c02fbe61ecf2
Syncing seems to be quite smooth now.

Have the same!

ClioRS
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November 19, 2015, 06:08:33 AM
 #4409

May be TEK split into 2 blockchain?
Why do you think so?

Anyway, you can check it -
Code:
getblockhash 1279841
should be
Code:
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13

Hash for block 1279841 seems to be OK. Mine is identical to yours:
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 - your line
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13 - my line
Anyone have anything different?
To double-check, for Block 1279934 which came in just before 10:13pm UK time (minutes ago) I have this hash:
61cf8c69280b232d3bf695ebe8b5599be77f3b366511e6671539c02fbe61ecf2
Syncing seems to be quite smooth now.

Have the same!

Same over here
dollux
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November 19, 2015, 01:45:59 PM
 #4410

May be TEK split into 2 blockchain?
Why do you think so?

Anyway, you can check it -
Code:
getblockhash 1279841
should be
Code:
7f1d1ae088c739c200f986868474f4a7552500ebfb7cd1a25ba48ad0882f4a13

Mine is the same as well.

I also had problems syncing my wallet, I had to keep closing it down and staring it again, I did this about 7 times until it caught and synced smoothly. 
bastilar
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November 19, 2015, 04:35:07 PM
 #4411

Loving the 40% stake so far.

I've been noticing my blocks keep splitting, is there a way to disable that? This makes microstaking inevitable. And the hard fork coming soon should auto combine blocks, or at least stop splitting blocks by default.

noise23
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November 19, 2015, 04:52:40 PM
 #4412

Loving the 40% stake so far.

I've been noticing my blocks keep splitting, is there a way to disable that? This makes microstaking inevitable. And the hard fork coming soon should auto combine blocks, or at least stop splitting blocks by default.
Add this line to tekcoin.conf (or start TEK wallet with -splitthreshold=15000 option)
Code:
splitthreshold=15000
It will keep blocks below 15000 from splitting (15000 is the max, you can also set lower amount).

bastilar
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November 19, 2015, 05:33:41 PM
 #4413

Loving the 40% stake so far.

I've been noticing my blocks keep splitting, is there a way to disable that? This makes microstaking inevitable. And the hard fork coming soon should auto combine blocks, or at least stop splitting blocks by default.
Add this line to tekcoin.conf (or start TEK wallet with -splitthreshold=15000 option)
Code:
splitthreshold=15000
It will keep blocks below 15000 from splitting (15000 is the max, you can also set lower amount).


Awesome, thanks man.

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November 21, 2015, 11:33:32 PM
 #4414

Loving the 40% stake so far.

I've been noticing my blocks keep splitting, is there a way to disable that? This makes microstaking inevitable. And the hard fork coming soon should auto combine blocks, or at least stop splitting blocks by default.


i have 56k coin in my wallet all in one block after month/30 days stake rate 14.99% not 40%
is there problem in block size
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November 22, 2015, 02:45:22 AM
 #4415

Ever heard of a wallet not staking? 32+ days, I unlocked to stake, and nothing. Usually it stakes right a way.  I tried re-starting the wallet. Nothing. (of course I let it sync before unlocking.) Ideas?
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November 22, 2015, 05:31:22 AM
 #4416

Loving the 40% stake so far.

I've been noticing my blocks keep splitting, is there a way to disable that? This makes microstaking inevitable. And the hard fork coming soon should auto combine blocks, or at least stop splitting blocks by default.


i have 56k coin in my wallet all in one block after month/30 days stake rate 14.99% not 40%
is there problem in block size

The percentage paid out is depenent upon the difficulty at the time your staked coins minted. 14.99% would suggest the the difficulty was 0.003 when your minting occured. I do take your point though. The current difficulty is 0.00006311 and if your coins had minted now, you would have received a near maximum 40% return. 14.99% is still a decent return on 30 days when compared to other POS coins. See the Opening Page for the chart showing the relation of the % rate of return to the difficulty https://bitcointalk.org/index.php?topic=320404.0

Whether there a problem with block size depends upon your point of view and whether you are talking about the actual block in the Blockchain, or the 'block' of coins that you are staking. Block technically means the block in the Blockchain, although it is sometimes loosely used in describing a particular amount of coins being staked. I take it that it is the loose term for amount staked that you mean.

At times there are very large numbers of small amounts crowding out larger amounts from the next block in the Blockchain. When this happens, it becomes a numbers game. This makes the difficulty higher at times. However, 56,000 Tek is a considerable size to stake and the weight accruing to that amount should eventually get through into a block and be minted before too long.

Some people see large numbers of smaller amounts staking as a help to the network and a partial control on inflation; others see it as a possible security threat and/or a nuisance; and still others see it as a way to 'game' the system. Again, whether there is a problem depends upon your point of view.
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November 22, 2015, 05:41:42 AM
 #4417

Ever heard of a wallet not staking? 32+ days, I unlocked to stake, and nothing. Usually it stakes right a way.  I tried re-starting the wallet. Nothing. (of course I let it sync before unlocking.) Ideas?


Yes, I've heard of a wallet not staking after 32+ days. Successful staking depends upon: the amount of coins being staked in a batch; the weight of those coins; the difficulty at the time; and the length of time you keep your wallet open for staking. For medium-sized amounts, I sometimes leave them for at least a couple of days above the 30 maturation period before opening my wallet to stake at what I consider to be the most appropriate time. I should imagine, that generally, smaller amounts would take longer than 32 days to mint. If the difficulty is high it can sometimes take hours, before even a very large amount successfully mints.

Looking at the latest successful hash at block 1285914, 0efafe16eae1127316e0a33bd68f95d19d09d61c6053f98744c8dd0c3244a77b, shows that it took 35.35 days to mint a batch of 3.15 Tek. At the moment, the difficulty in minting is low. Lots of similar examples are occuring all the time.
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November 22, 2015, 02:16:26 PM
 #4418

For those unsure of block size anything over 2k should be good, for those caught in the micro staking high dif maybe don't stake in one block. eg instead of one 40k block, 4 lots of 10k spread out over the month. This would mean taking an average. Hopefully new wallet code will sort out matters. Liking new mission statement on tekcoin.org hope it has the desired effect on the coin and it's community. Nice bounty.  Smiley
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November 22, 2015, 04:20:48 PM
 #4419


Some people see large numbers of smaller amounts staking as a help to the network and a partial control on inflation; others see it as a possible security threat and/or a nuisance; and still others see it as a way to 'game' the system. Again, whether there is a problem depends upon your point of view.

There is a problem, and it's exponential supply growth. With no limit on supply growth, the price will drop accordingly. Has to. That's fine for large holders, who've lobbied to eliminate microstaking in the code so that they can always get 40% return thus staying ahead of inflation. Ultimately, it's a race to the bottom. If nothing else, greed will kill this coin.

Most other POS coins I hold have stake reward limits and, as a result, high difficulties. And these coins are apparently able to retain/attract users in spite of it because it makes them relatively scarce, valuable and more predictable. I realise monetary value isn't everything, but it's a lot to a coin that has no other functional purpose but speculation.

Once more, I implore the dev of this coin to consider my warning. I believe his motives are pure because this impending hard-fork is meant to eliminate a perceived injustice, and that's fine. However, this fix will only exacerbate the problem of unlimited supply growth. Eventually, we will all lose unless we bail out judiciously. And once the faithful have left, the coin will likely be abandon.

Just my thought. Thanks for reading.
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November 22, 2015, 04:54:24 PM
 #4420


Some people see large numbers of smaller amounts staking as a help to the network and a partial control on inflation; others see it as a possible security threat and/or a nuisance; and still others see it as a way to 'game' the system. Again, whether there is a problem depends upon your point of view.

There is a problem, and it's exponential supply growth. With no limit on supply growth, the price will drop accordingly. Has to. That's fine for large holders, who've lobbied to eliminate microstaking in the code so that they can always get 40% return thus staying ahead of inflation. Ultimately, it's a race to the bottom. If nothing else, greed will kill this coin.

Most other POS coins I hold have stake reward limits and, as a result, high difficulties. And these coins are apparently able to retain/attract users in spite of it because it makes them relatively scarce, valuable and more predictable. I realise monetary value isn't everything, but it's a lot to a coin that has no other functional purpose but speculation.

Once more, I implore the dev of this coin to consider my warning. I believe his motives are pure because this impending hard-fork is meant to eliminate a perceived injustice, and that's fine. However, this fix will only exacerbate the problem of unlimited supply growth. Eventually, we will all lose unless we bail out judiciously. And once the faithful have left, the coin will likely be abandon.

Just my thought. Thanks for reading.

Thanx for writing! Smiley
Everybody is pointing to the "supply"... but they always forget about the demand!!! I need this coin only because it is the only coin now that has parameters close to what I call "a virtual miner" and replaces faulty mining clouds and gives you control over all your virtual hashing power, no need to pay maintenance fees and no need to trust cloud hashing at all ..scams or not!
You can alwas exit by just selling your coins..
Look at TEKcoin as virtual mining machine that is not affected by the network difficulty that much.. Will be fixed back to 40% after hardfork.

That forms the DEMAND for more then two years now!

Tekcoin lets people start with the crypto without need to buy BTC or hardware miners or mining contracts and because it has its market gateways open at Cryprts lets you exchange it for btc or any other coin that has Market adoption ar some other shit you can imagine with no datacenter at your basement.
Peace

PS Trust me you don't want your miner to have to stop mining at some point in future i.e. "coin supply cap" or any other decline or regular disadvantages that other miners have..
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