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

[ClioRS]

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!

[Biomech]

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.

[coinhugger]

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?

[valkir]

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 ?

 

[dickwhite]

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.

[valkir]

anyone can answer my 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 ?

[Biomech]

anyone can answer my 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 ?

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.

[valkir]

thanks ! This could be added to the wallet 

[thundertoe]

  price is cracking 5k sats again today. 

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!

[Biomech]

  price is cracking 5k sats again today. 

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...

[kiklo]

Question for Dev,

How many Hard coded nodes are in the Tek Software?

Thanks.
 

[noise23]

Question for Dev,

How many Hard coded nodes are in the Tek Software?

Thanks.
 

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

[vegasguy]

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

Vegas

[gribgo]

  price is cracking 5k sats again today. 

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

[pub111]

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...

[presstab]

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

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

[Azkhabar]

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

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

Wow! Very nice job!!
Thanks for the insight Can't wait to see more now!

[presstab]

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

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.

[clockuniverse]

Wow!  That is really cool.  The graphs are awesome.  Are you planning on doing this for other coins?

[presstab]

Wow!  That is really cool.  The graphs are awesome.  Are you planning on doing this for other coins?

I am mostly just hooking up coins that I know the devs of, or have friends that bug me that their favorite coins need to be on my site

What do you guys think about my hash rate chart? It required some custom coding to grab all the info, but I think it is correct. Keep in mind that the hash rate reported by the coin client is an estimate based on statistics, how long it takes to find a block, and difficulty which is the reason why you see outliers. One word of caution is that I limited to returning only 5000 datapoints, so not every single PoW block is included.

http://www.presstab.pw/phpexplorer/TEK/charts.php?type=hash