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

[gribgo]

Yobit is known for its low volume and scammy coins that drop 40% or more within a day of being listed, also pump and dumps are common place, it is probably better off that TEK didn't get put onto that exchange.  C-cex will be much much better for this coin.

Getting into C-CEX would be ideal for the benefit of the crypto currency. Let's increase trading volume at Cryptopia for now so that we could get the attention we deserve for TEK to get added to other exchanges. First up C-CEX, then Bittrex, and finally Poloniex.  

#1 - What will really pump the price + volume + all other stAff..??
I think another discus must beopen.. what dapp will run on TEK 2.0
this is it
#2 - cant lower the Pos rate at HIGH POS coins! thats just stupid! if people want 1-5% ann intrest, they can buy in many cions ..starting from ppc
#3 DDa HighPos concept start make sence - when you look at it as a safe virtual mining contract that you hold your self! With difference from cloud mining operators (that can turn out to be scams without real hardware) this contracts are not with some centralized points like GAW or any other human controlled office. We have this working because peple put money and get back coins in dda wallet - that practiccally mines coins..... With tekcoin we have coins mining, that are no f.. different in all ways from BTC

PS- autoadd to all exchanges is dda bonus to point #1
peace

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[bitmaster1x]

Anyone have a complete listing of where TEK is being traded?

[JudgeDredd_]

I will be accepting TEKcoin on my upcoming projects.

Some already saw one of the goodies on live

[Brob12321]

Anyone have a complete listing of where TEK is being traded?

Believe it is just Cryptopia, they are trying to get onto C-cex and Bittrex as well, Yobit didn't allow them to be added for some weird reason, and cryptsy has collapsed.

[JudgeDredd_]

Any news about Bittrex + Tek?

[YoBit]

TekCoin [TEK] is listed: https://yobit.net/en/trade/TEK/BTC
TekCoin Dice: https://yobit.net/en/dice/TEK

Code:

[url=https://yobit.net/en/trade/TEK/BTC][img]https://yobit.net/imginfo/TEK[/img][/url]

Donate TEK coins to our Giveaway: https://yobit.net/en/freecoins/

Please report about TEK update/fork/issue here: https://yobit.net/en/reportupdate/TEK

[Joebwan]

Anyone have a complete listing of where TEK is being traded?

Cryptopia, and it would appear we are now on YoBits.  Still working on C-Cex, Bittrex and Polo

[JudgeDredd_]

Now that TekCOIN is on Yobit, its time to buy

[Joebwan]

I will be accepting TEKcoin on my upcoming projects.

Some already saw one of the goodies on live

What projects Dredd?

[Joebwan]

TEK climbing, at 335 Sat at YoBits! .12BTC volume already this morning. Go TEK!

[Joebwan]

Have been watching Yo-Bits through the morning, not too impressive for volume.  I have noticed Cryptopia volume die off as YoBits came online.  I think we may have just traded one low volume exchange for another.  We need to stay on Bittrex, Polo.  and for a stop gap...C-cex

[thundertoe]

TekCoin [TEK] is listed: https://yobit.net/en/trade/TEK/BTC
TekCoin Dice: https://yobit.net/en/dice/TEK

Code:

[url=https://yobit.net/en/trade/TEK/BTC][img]https://yobit.net/imginfo/TEK[/img][/url]

Donate TEK coins to our Giveaway: https://yobit.net/en/freecoins/

Please report about TEK update/fork/issue here: https://yobit.net/en/reportupdate/TEK

Nice! Things should pick up as more of the community finds out. Good Luck trading everyone and don't forget to show TEKcoin some love in the chat box.

[Joebwan]

Just wanted to take a minute to dispel some common myths I have been running into in the wonderful world of staking TEK.

The first: Several smaller stakes are better then 1 larger stake.  False.  Here is why:

Lets say you have 500,000 coin, divided up into equal monthly stake. 500,000 divided by 30 is 16,666.6666.

Lets assume you stake at 40% per month. So each day you would receive 16,666.6666 times 40% which is 6666.6666  So you would get 30 of these in a month for a total of: 200,000 coins.  This is in a perfect world, and well.... the world isn't perfect. More on this later.

So in the second case we have our staker with the same 500,000 coin, he has them all in one basket, and stakes once a month. He receives the same 40%.  So 500,000 times 40% is:  Wait for it...200,000 coins. Absolutely no difference. Simple laws of algebra.

Now what does make a difference is that our daily staker is at the mercy of difficulty.  In order to get his daily amount, he has to accept whatever the percentage is for that day.  Overall he (or she) is going to take a beating in lost stake due to difficulty.

Our monthly stake-miester on the other hand can play the waiting game.  When his pile of coin matures, if difficulty is low, the wallet is simply unlocked and Viola! Stake-a-mundo! Then he can coin-control everything into one address again, re-lock the wallet, and forget about things for a month.
But...IF difficulty is high, he simply waits until it drops to an acceptable level.  Since TEK pro-rates the stake after the 30 day mark, and up to 90 days, Monthly-Man has 2 months to play the waiting game with no penalty, and not have to invest his life into watching coin prices.

Our daily staker is contributing more to the difficulty madness due to more frequent staking, and he is arguably losing money to difficulty that he is partially responsible for.

Monthly-Man is not part of the difficulty problem, has more control, makes more money, and has his life back.

So....Why are you still staking daily?  Or worse.... Letting your wallet run amuck?  It costs you money, and all of us money in higher difficulty.  

Be a responsible TEK-head, use that coin-control and stake once a month.  You can thank me later!

Joebwan Kanobe

[Biomech]

Just wanted to take a minute to dispel some common myths I have been running into in the wonderful world of staking TEK.

The first: Several smaller stakes are better then 1 larger stake.  False.  Here is why:

Lets say you have 500,000 coin, divided up into equal monthly stake. 500,000 divided by 30 is 16,666.6666.

Lets assume you stake at 40% per month. So each day you would receive 16,666.6666 times 40% which is 6666.6666  So you would get 30 of these in a month for a total of: 200,000 coins.  This is in a perfect world, and well.... the world isn't perfect. More on this later.

So in the second case we have our staker with the same 500,000 coin, he has them all in one basket, and stakes once a month. He receives the same 40%.  So 500,000 times 40% is:  Wait for it...200,00 coins. Absolutely no difference. Simple laws of algebra.

Now what does make a difference is that our daily staker is at the mercy of difficulty.  In order to get his daily amount, he has to accept whatever the percentage is for that day.  Overall he (or she) is going to take a beating in lost stake due to difficulty.

Our monthly stake-miester on the other hand can play the waiting game.  When his pile of coin matures, if difficulty is low, the wallet is simply unlocked and Viola! Stake-a-mundo! Then he can coin-control everything into one address again, re-lock the wallet, and forget about things for a month.
But...IF difficulty is high, he simply waits until it drops to an acceptable level.  Since TEK pro-rates the stake after the 30 day mark, and up to 90 days, Monthly-Man has 2 months to play the waiting game with no penalty, and not have to invest his life into watching coin prices.

Our daily staker is contributing more to the difficulty madness due to more frequent staking, and he is arguably losing money to difficulty that he is partially responsible for.

Monthly-Man is not part of the difficulty problem, has more control, makes more money, and has his life back.

So....Why are you still staking daily?  Or worse.... Letting your wallet run amuck?  It costs you money, and all of us money in higher difficulty. 

Be a responsible TEK-head, use that coin-control and stake once a month.  You can thank me later!

Joebwan Kanobe

This is incomplete, as it fails to factor compounding. If you have it divided so you're staking every day, it is likely that your end total will be somewhat higher than the 200K, again, depending on difficulty. I've not the time to analyze it right now, you may well be right over all, but leaving that part out makes for an incomplete argument.

And that came out really rude. I don't mean it that way, I just don't know how else to say it

[Joebwan]

This is incomplete, as it fails to factor compounding. If you have it divided so you're staking every day, it is likely that your end total will be somewhat higher than the 200K, again, depending on difficulty. I've not the time to analyze it right now, you may well be right over all, but leaving that part out makes for an incomplete argument.

And that came out really rude. I don't mean it that way, I just don't know how else to say it
[/quote]

I think I understand the compounding issue, but it compounds both ways.  If you stake daily, the reward will not stake again for 30 days same as if you stake monthly. you just get the reward in smaller pieces.  This would not be true if the balance could begin earning interest instantly, which it cannot, it still must wait the 30 days.

This differs from compound interest, which earns interest on interest as it is earned.  There is no waiting period. So the compound thing works here but not for something that must wait for a month to be eligible.

Not sure I am being clear here, but the math works :-)

Then the difficulty argument factors in, and even if you could compound like interest, you would loose any advantage to difficulty.  It would still work better to stake monthly.

[Biomech]

This is incomplete, as it fails to factor compounding. If you have it divided so you're staking every day, it is likely that your end total will be somewhat higher than the 200K, again, depending on difficulty. I've not the time to analyze it right now, you may well be right over all, but leaving that part out makes for an incomplete argument.

And that came out really rude. I don't mean it that way, I just don't know how else to say it

I think I understand the compounding issue, but it compounds both ways.  If you stake daily, the reward will not stake again for 30 days same as if you stake monthly. you just get the reward in smaller pieces.  This would not be true if the balance could begin earning interest instantly, which it cannot, it still must wait the 30 days.

This differs from compound interest, which earns interest on interest as it is earned.  There is no waiting period. So the compound thing works here but not for something that must wait for a month to be eligible.

Not sure I am being clear here, but the math works :-)

Then the difficulty argument factors in, and even if you could compound like interest, you would loose any advantage to difficulty.  It would still work better to stake monthly.
[/quote]

You may be right. When I have some time, I'll run the numbers and have a look. I think there's an advantage to fairly good size blocks staking daily or close to it, but I'm not certain. It would become clear after about sixty days, I think. I'm so freakin' busy right now that I can't do it, but it's certainly an interesting subject.

[Joebwan]

This is incomplete, as it fails to factor compounding. If you have it divided so you're staking every day, it is likely that your end total will be somewhat higher than the 200K, again, depending on difficulty. I've not the time to analyze it right now, you may well be right over all, but leaving that part out makes for an incomplete argument.

And that came out really rude. I don't mean it that way, I just don't know how else to say it

I think I understand the compounding issue, but it compounds both ways.  If you stake daily, the reward will not stake again for 30 days same as if you stake monthly. you just get the reward in smaller pieces.  This would not be true if the balance could begin earning interest instantly, which it cannot, it still must wait the 30 days.

This differs from compound interest, which earns interest on interest as it is earned.  There is no waiting period. So the compound thing works here but not for something that must wait for a month to be eligible.

Not sure I am being clear here, but the math works :-)

Then the difficulty argument factors in, and even if you could compound like interest, you would loose any advantage to difficulty.  It would still work better to stake monthly.

You may be right. When I have some time, I'll run the numbers and have a look. I think there's an advantage to fairly good size blocks staking daily or close to it, but I'm not certain. It would become clear after about sixty days, I think. I'm so freakin' busy right now that I can't do it, but it's certainly an interesting subject.
[/quote]


You got me doubting myself, so I put together a spreadsheet and ran the numbers both ways. They came out the same.  The fact that stake only happens once per month on any wallet holding prevents daily compounding.

In the situation where you stake every day, each day is treated as a separate entity. each entity only stakes once every 30 days.  So day 2 stuff does not get to compound what happened on day one, etc.

The 'stake every 30 days' thing forces the situation into a simple interest formula. This prevents the compound thing from happening. (It compounds if you let your interest ride from month to month, but the amount is the same if you do it daily or all at once.)  (a*b+a*c+a*d) is the same as  a(b+c+d) where 'a' is the interest rate and 'b,c,d' are amounts you are staking for the respective days.

If you could stake your entire investment each day and earn interest but chose to only accept your interest once per month, we would have the compound difference you believe exists, but the nature of how the coin is designed to pay interest is the limiting factor.

[piebeyb]

TekCoin [TEK] is listed: https://yobit.net/en/trade/TEK/BTC
TekCoin Dice: https://yobit.net/en/dice/TEK

Code:

[url=https://yobit.net/en/trade/TEK/BTC][img]https://yobit.net/imginfo/TEK[/img][/url]

Donate TEK coins to our Giveaway: https://yobit.net/en/freecoins/

Please report about TEK update/fork/issue here: https://yobit.net/en/reportupdate/TEK

yeah good news, at least add a new trade to expand trade for the people of this thread, cheers

[bestsponsor]

Hi!
I got in touch with the stock exchange livecoin.net about adding Tekcoin. I was told that a coin will add to the stock exchange, they will be asked if the developers.
support@livecoin.net
or PM  https://bitcointalk.org/index.php?action=pm;sa=send;u=462136
Who has a relationship with the developers, please let them know
Thanks!

[Joebwan]

Just wanted to take a minute to dispel some common myths I have been running into in the wonderful world of staking TEK.

The first: Several smaller stakes are better then 1 larger stake.  False.  Here is why:

Lets say you have 500,000 coin, divided up into equal monthly stake. 500,000 divided by 30 is 16,666.6666.

Lets assume you stake at 40% per month. So each day you would receive 16,666.6666 times 40% which is 6666.6666  So you would get 30 of these in a month for a total of: 200,000 coins.  This is in a perfect world, and well.... the world isn't perfect. More on this later.

So in the second case we have our staker with the same 500,000 coin, he has them all in one basket, and stakes once a month. He receives the same 40%.  So 500,000 times 40% is:  Wait for it...200,000 coins. Absolutely no difference. Simple laws of algebra.

Now what does make a difference is that our daily staker is at the mercy of difficulty.  In order to get his daily amount, he has to accept whatever the percentage is for that day.  Overall he (or she) is going to take a beating in lost stake due to difficulty.

Our monthly stake-miester on the other hand can play the waiting game.  When his pile of coin matures, if difficulty is low, the wallet is simply unlocked and Viola! Stake-a-mundo! Then he can coin-control everything into one address again, re-lock the wallet, and forget about things for a month.
But...IF difficulty is high, he simply waits until it drops to an acceptable level.  Since TEK pro-rates the stake after the 30 day mark, and up to 90 days, Monthly-Man has 2 months to play the waiting game with no penalty, and not have to invest his life into watching coin prices.

Our daily staker is contributing more to the difficulty madness due to more frequent staking, and he is arguably losing money to difficulty that he is partially responsible for.

Monthly-Man is not part of the difficulty problem, has more control, makes more money, and has his life back.

So....Why are you still staking daily?  Or worse.... Letting your wallet run amuck?  It costs you money, and all of us money in higher difficulty.  

Be a responsible TEK-head, use that coin-control and stake once a month.  You can thank me later!

Joebwan Kanobe

So after some back and forth with Biomech, I stand by the above.  I have tested the compounding theory, and... the Myth is BUSTED!