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

[clockuniverse]

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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[Biomech]

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

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.

[4x13]

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

[presstab]

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

[Biomech]

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?

[kiklo]

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.

 

[presstab]

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 Looks like the community has stayed strong here

[dickwhite]

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]

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

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.

[thundertoe]

stake it up 

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

[ryanb]

stake it up 

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

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

[dickwhite]

stake it up 

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

Cha-Ching!

[thundertoe]

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

[ryanb]

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

that is awesome

[clockuniverse]

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

[Biomech]

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.

[4x13]

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

[mmfiore]

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.

[Biomech]

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.

Here's what I do. Not just with Tek, where I rarely have problems.

First run getpeerinfo, and copy all of your current peers to a text file. Just in case. Stop the client or daemon.

Then, go into .tekcoin folder (or users\<username>\appdata\roaming\tekcoin if windoze) and edit tekcoin.conf to remove or better comment out your addnodes. All of them. (#addnode= makes it invisible to the client).

Now, delete peers.dat and restart the client or daemon.

Wait about ten minutes. usually it will find good peers.

[mmfiore]

Thanks Biomech I did manage to find some new nodes and that worked and I am solidly connected to the network. Now I am back to the original problem where the wallet is freezing a lot. It stops for several moments and then resumes. I think it needs to have some maintenance done. What do you recommend for the freezing problem. Maybe I have too many small blocks or something like that.