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

[ryanb]

TEK is moving up nicely

[ofeefee]

All the block explorers mentioned in this thread are down for me. 521 errors. Anyone else?

that is correct, there is a bounty to get one put online, check back a few pages.

[David Latapie]

TEK is moving up nicely

A bit too nicely for me :/

and stake payouts falling

How does the stake will fall? I do not quit day-trading for entering in a "expensive and high-staking-is-over" world... When will the stake go down?

[fud_etra]

I'm watching this coin.

[solarion]

I'm watching this coin.

k. Wouldn't it be spooky if it were watching you too?

[HunterS]

i cant get windows wasllet to sync

From the OP

For the time being you need to download the initial download of the block chain here https://drive.google.com/file/d/0B0M-bp2HC0eYdXlqc0RQWkFFRnc/edit?usp=sharing

Put that into your appdata folder. If you aren't familiar with this process then check out this link http://wiki.hobonickels.info/index.php?title=Replace_Blockchain

cheers bro i got it going. i done some more reading and found exactly what u just said to do.thanks for reply bro.

[David Latapie]

I wanted to buy tekcoin but I changed my mind. With such a price, there is no way. I will buy HBN, TEKcoin is a steal at this price. It was at 36k last time I check and now at 48k. Almost as expensive as monero

Too bad, I really wanted to buy this. Maybe next week...

[ofeefee]

presstab, or tranz, I'm reading through the code, something I've wanted to do, but it's a bit overwhelming, huge congrats to you guys that know what it's doing.

I was trying to find some simple things, like stake age, stake interest, etc.  I found the total coins and block.
One question is why is everything * COIN, which is like 1000000?

static const int64 COIN = 1000000;
int64 nSubsidy = 1 * COIN;
static const int64 MAX_MONEY = 100000000 * COIN;//100 million

Anyway, it doesn't make much sense, one line in main.h says 5% interest, and then in main.cpp it says 100% but the exact same variable is assigned, no modifications, so wouldn't it still be 5%

I do see in main.cpp that you do some coinyear manipulations, I expect this is where you get the 40% from.
    // tekcoin: reward for coin-year is cut in half every 64x multiply of PoS difficulty
    // A reasonably continuous curve is used to avoid shock to market
    // (nRewardCoinYearLimit / nRewardCoinYear) ** 4 == bnProofOfStakeLimit / bnTarget
    //
    // Human readable form:
    //
    // nRewardCoinYear = 1 / (posdiff ^ 1/4)


I can't get macosx to compile, evidently it's an issue with maverick and some binaries.  Trying to see if I can work around it, gets toward the end, and I get unknown symbols, etc.
--o

[dickwhite]

How does the stake will fall? I do not quit day-trading for entering in a "expensive and high-staking-is-over" world... When will the stake go down?

If you go to the console in your wallet and type getdifficulty, you'll see the proof of work and proof of stake difficulty scores. Right now POS is low because there aren't many coins out there with even fewer staking. Inevitably, more will stake and increase the difficulty thus lowering your stake reward, which I believe could drop to 1%/year, theoretically. Hopefully we'll all be rich by then. 
Therefore if I were starting today, I would not so much worry about the price because future increases plus compound interest will still reward you handsomely.

[David Latapie]

How does the stake will fall? I do not quit day-trading for entering in a "expensive and high-staking-is-over" world... When will the stake go down?

If you go to the console in your wallet and type getdifficulty, you'll see the proof of work and proof of stake difficulty scores. Right now POS is low because there aren't many coins out there with even fewer staking. Inevitably, more will stake and increase the difficulty thus lowering your stake reward, which I believe could drop to 1%/year, theoretically. Hopefully we'll all be rich by then. 
Therefore if I were starting today, I would not so much worry about the price because future increases plus compound interest will still reward you handsomely.

Thanks for this very satisfying answer. So, interest rate is unrelated to mining difficulty, but more to absolute number of staked coins?
I still have a hard time believing that a coins lunched 6 months ago still has so few staking.

Unrelated: does cryptsy have a "24h volume" indicator, like Poloniex or Mintpal? I can't believe how unreadable Cryptsy is - if it was not for the huge amount of coin they have, I think they would have ceased business long ago.

[thundertoe]

Mine Big pools has fixed the tek source to synch.
 We need to raise a bounty for him whos in? this is a big deal and we really could use it.


Also webpage is ready to drop, however would be nice to do that with the working wallet links.


Tek Source repair bounty list:  this is a big needed tek fix so it worth a bit i think.

250 TEK at least from me,  ill throw down some more if needed i m trying to catch a dumper right now  

[presstab]

Dencoin pool has fixed the tek source to synch.
 We need to raise a bounty for him whos in? this is a big deal and we really could use it.


Also webpage is ready to drop, however would be nice to do that with the working wallet links.


Tek Source repair bounty list:  this is a big needed tek fix so it worth a bit i think.

250 TEK at least from me,  ill throw down some more if needed i m trying to catch a dumper right now  

A mining pool that is not listed on the OP fixed the source code but won't release it until a bounty is held?  Sounds fishy.  I'd be more than happy with sending a tip once it is released, but why would a pool not be happy to release the code immediately and help the coin they mine??

[thundertoe]

Dencoin is in the franko collective, I  am also along with TEK, hes done wok for TEK before. Everyone in the collective works together to help each other daily, its a very active group 24/7 skype activity etc.  He wants to possibly provide a service for TEK himself(he has ran a Tekcoin pool before but i think he has another idea atm) and needed/wanted the source to work. You can search through threads about his pools etc, very trustworthy legit guy.  WE really need this fix lets pony up a nice bounty, it will let us get out working syncing wallets updated mac etc.

[solarion]

162.000965 sent to BVHMuf41bXasvkVYXRv3MkRK6YwX62Ko1S to help fund the block explorer/richlist.

TxId: e738dba3cf9cea10422f205f2201a02946cc89c731ef6cec049db14bdc4854a0

I've sent an additional 238 Tek to BVHMuf41bXasvkVYXRv3MkRK6YwX62Ko1S to help fund the block explorer/richlist.

TxId: 6e2ee5fcdae1ef4aba21f90e4568bb21f0931cf48bd5729a64b78040d32c10fe

@presstab

Can we get a count on how much more is required for this bounty?

[David Latapie]

Argh! I need 0.2 TEK just to be allowed to withdraw from Cryptsy :/ (I have 0.8 TEK).

[Tranz]

presstab, or tranz, I'm reading through the code, something I've wanted to do, but it's a bit overwhelming, huge congrats to you guys that know what it's doing.

I was trying to find some simple things, like stake age, stake interest, etc.  I found the total coins and block.
One question is why is everything * COIN, which is like 1000000?

static const int64 COIN = 1000000;
int64 nSubsidy = 1 * COIN;
static const int64 MAX_MONEY = 100000000 * COIN;//100 million

Anyway, it doesn't make much sense, one line in main.h says 5% interest, and then in main.cpp it says 100% but the exact same variable is assigned, no modifications, so wouldn't it still be 5%

I do see in main.cpp that you do some coinyear manipulations, I expect this is where you get the 40% from.
    // tekcoin: reward for coin-year is cut in half every 64x multiply of PoS difficulty
    // A reasonably continuous curve is used to avoid shock to market
    // (nRewardCoinYearLimit / nRewardCoinYear) ** 4 == bnProofOfStakeLimit / bnTarget
    //
    // Human readable form:
    //
    // nRewardCoinYear = 1 / (posdiff ^ 1/4)


I can't get macosx to compile, evidently it's an issue with maverick and some binaries.  Trying to see if I can work around it, gets toward the end, and I get unknown symbols, etc.
--o

You don't want to use Floating Point Arithmetic in the wallet, it can be difficult to get cross system compiles to all work in the exact same way.  So anything dealing with the number of coins is multiplied by COIN.  This way you can still do normal integer division, but get to the same answer, instead of dealing with decimals.

Regarding the stake algo. This is an inflation control method. Many coins use this same thing to lower the yearly interest as the number of coins and the amount of stake increases. Without such a control in place, the coin would be subject to run away inflation. Look what happened to CENT.

About the Mac, this is still out of my knowledge based, hopefully for not much longer. Unick has help get a mac wallet for HBN, so he may be able to comment. He is very busy with other project too, so try not to bug him too much with 100 PMs

[Tranz]

Dencoin is in the franko collective, I  am also along with TEK, hes done wok for TEK before. Everyone in the collective works together to help each other daily, its a very active group 24/7 skype activity etc.  He wants to possibly provide a service for TEK himself(he has ran a Tekcoin pool before but i think he has another idea atm) and needed/wanted the source to work. You can search through threads about his pools etc, very trustworthy legit guy.  WE really need this fix lets pony up a nice bounty, it will let us get out working syncing wallets updated mac etc.

This is good. I do hope this done properly on github, so we can track and review the source code changes easily.  Hopefully it gets released sooner rather then later. 

[David Latapie]

Argh! I need 0.2 TEK just to be allowed to withdraw from Cryptsy :/ (I have 0.8 TEK).

Update: during the time I placed the order and the time it was accepted, the price rose by.... 1 satoshi!. And no one wanted to sell at 1 satoshi less. That's crazy, I never saw this on Mintpal's coin :/

I guess this is a different world than the day-trading heavy I know.

Still, I need 0.1 TEK to withdraw :/

[thundertoe]

Mine Big is in the franko collective, I  am also along with TEK, hes done wok for TEK before. Everyone in the collective works together to help each other daily, its a very active group 24/7 skype activity etc.  He wants to possibly provide a service for TEK himself(he has ran a Tekcoin pool before but i think he has another idea atm) and needed/wanted the source to work. You can search through threads about his pools etc, very trustworthy legit guy.  WE really need this fix lets pony up a nice bounty, it will let us get out working syncing wallets updated mac etc.

This is good. I do hope this done properly on github, so we can track and review the source code changes easily.  Hopefully it gets released sooner rather then later.  

Yes hes got it ready to push, be nice to raise him a bounty for this important work, I will take it out of my own pocket if needed. There should be another nice surprise today for TEK stay tuned.

[David Latapie]

Argh! I need 0.2 TEK just to be allowed to withdraw from Cryptsy :/ (I have 0.8 TEK).

Update: during the time I placed the order and the time it was accepted, the price rose by.... 1 satoshi!. And no one wanted to sell at 1 satoshi less. That's crazy, I never saw this on Mintpal's coin :/

I guess this is a different world than the day-trading heavy I know.

Still, I need 0.1 TEK to withdraw :/

Wow, now I know why people say "Craptsy". I actually have enough money to buy tek, but the... site is so slow at refreshing that I was constantly ordering below order. I lost some milliTEK because of this crappy website.

Is there any other place than cryptsy to buy TEK? I cannot stand this.