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

[David Latapie]

Is there a plan for having a countdown for next stake on the wallet, like in Mintcoin, Blackcoin and probably others?

[presstab]

Is there a plan for having a countdown for next stake on the wallet, like in Mintcoin, Blackcoin and probably others?

My plan is to add everything I can. The question is how long until we get there.

[presstab]

I am thinking about something like this for updated icons in the wallet.  What does everyone think?  We could always completely change the image or the color... whatever looks best.

[thundertoe]

I like the icon.
Email was sent out to another exchange and they are now in contact. TEK is increasing in trading volume and they can be first place to let users keep the stake, or they can benefit themselves by keeping the stake.(seems a pretty easy call to add TEK but then i am biased  ) stay tuned more stuff in the works

[Biomech]

ok, got the new wallet, it came up no problem, but I tried to load the saved blockchain from the op, and it keeps giving me a "runaway exception", cannot open blkindex.dat, error 22.

WTF am I doing wrong here?

[thundertoe]

 delete the file called blkindex0001.dat  i think is the one balls it up

[presstab]

ok, got the new wallet, it came up no problem, but I tried to load the saved blockchain from the op, and it keeps giving me a "runaway exception", cannot open blkindex.dat, error 22.

WTF am I doing wrong here?

Hmm interesting.  I would try moving the contents of your tek folder in appdata (if using windows) to a directory called "backup" or something of the sort. Then try copying the contents from the op into the tek folder and see if it works.

Or you could always try extracting the contents into a directory like c:\tekcoindata and then startup your client using the terminal and entering tekcoin-qt.exe -datadir=C:\tekcoindata

If all of that fails, you might have to start a fresh sync. If you look a page or two back on the thread dyoungii posted a working exe that will sync from block 0.  If you need to compile from source, all of the github directories (including mine) have been updated to include this change.

[presstab]

I like the icon.
Email was sent out to another exchange and they are now in contact. TEK is increasing in trading volume and they can be first place to let users keep the stake, or they can benefit themselves by keeping the stake.(seems a pretty easy call to add TEK but then i am biased  ) stay tuned more stuff in the works

Tranz had a good post in the HBN thread about why it is probably not a good idea for exchanges to attempt to stake. One reason is that the wallet must remain in hot storage.  Another user linked to a thread about how I think it was BC wallet was drained from an exchange doing this.

Another exchange could be helpful, but what we really need is sellers 

[Biomech]

delete the file called blkindex0001.dat  i think is the one balls it up

ok, got the new wallet, it came up no problem, but I tried to load the saved blockchain from the op, and it keeps giving me a "runaway exception", cannot open blkindex.dat, error 22.

WTF am I doing wrong here?

Hmm interesting.  I would try moving the contents of your tek folder in appdata (if using windows) to a directory called "backup" or something of the sort. Then try copying the contents from the op into the tek folder and see if it works.

Or you could always try extracting the contents into a directory like c:\tekcoindata and then startup your client using the terminal and entering tekcoin-qt.exe -datadir=C:\tekcoindata

If all of that fails, you might have to start a fresh sync. If you look a page or two back on the thread dyoungii posted a working exe that will sync from block 0.  If you need to compile from source, all of the github directories (including mine) have been updated to include this change.

Thank you, gentlemen. I'll try the above until it works or I give up and sync from the beginning Never had a real problem with TEK before, other than I suck at linux. But this is the first time I've had a windows problem, and it can be solved by faking patience if nothing else.

Also, while I'm at it, should the conf file be named TEKcoin.conf, or just TEK.conf? I'm trying to set up for solomining. Just for shits and giggles. Not even sure my rig is fast enough, but it's worth a shot.

[sixteendigits]

I like the icon.
Email was sent out to another exchange and they are now in contact. TEK is increasing in trading volume and they can be first place to let users keep the stake, or they can benefit themselves by keeping the stake.(seems a pretty easy call to add TEK but then i am biased  ) stay tuned more stuff in the works

Tranz had a good post in the HBN thread about why it is probably not a good idea for exchanges to attempt to stake. One reason is that the wallet must remain in hot storage.  Another user linked to a thread about how I think it was BC wallet was drained from an exchange doing this.

Another exchange could be helpful, but what we really need is sellers 

TEK needs some liquidity on both sides of the order books.  Price is at 55000 satoshis but no buy orders over 1000 coins til you get to 20000 satoshi range.

Oh well, I am in no rush to sell the stash I have been staking for 3 months seeing as it's been nothing but buys lately and there are only like 9000 coins in the whole sell book at cryptsy!

[Biomech]

I like the icon.
Email was sent out to another exchange and they are now in contact. TEK is increasing in trading volume and they can be first place to let users keep the stake, or they can benefit themselves by keeping the stake.(seems a pretty easy call to add TEK but then i am biased  ) stay tuned more stuff in the works

Tranz had a good post in the HBN thread about why it is probably not a good idea for exchanges to attempt to stake. One reason is that the wallet must remain in hot storage.  Another user linked to a thread about how I think it was BC wallet was drained from an exchange doing this.

Another exchange could be helpful, but what we really need is sellers 

Nah, what we really need is merchants. This coin has long term potential, not just an exchange dump. Though it is pretty good for that, since everybody wants it

[Biomech]

I think I got a corrupt download. None of the listed steps worked. Now syncing from the net, no problems except that I have to fake patience. I can do that

[thundertoe]

I like the icon.
Email was sent out to another exchange and they are now in contact. TEK is increasing in trading volume and they can be first place to let users keep the stake, or they can benefit themselves by keeping the stake.(seems a pretty easy call to add TEK but then i am biased   ) stay tuned more stuff in the works

Tranz had a good post in the HBN thread about why it is probably not a good idea for exchanges to attempt to stake. One reason is that the wallet must remain in hot storage.  Another user linked to a thread about how I think it was BC wallet was drained from an exchange doing this.

Another exchange could be helpful, but what we really need is sellers  

Nah, what we really need is merchants. This coin has long term potential, not just an exchange dump. Though it is pretty good for that, since everybody wants it

now TEK is usable with http://www.altaccept.com/  i sent out first email to a merchant this morning.  The merchant hs just started taking bitcoin, so maybe they will be open to taking alts.

[Biomech]

I like the icon.
Email was sent out to another exchange and they are now in contact. TEK is increasing in trading volume and they can be first place to let users keep the stake, or they can benefit themselves by keeping the stake.(seems a pretty easy call to add TEK but then i am biased  ) stay tuned more stuff in the works

Tranz had a good post in the HBN thread about why it is probably not a good idea for exchanges to attempt to stake. One reason is that the wallet must remain in hot storage.  Another user linked to a thread about how I think it was BC wallet was drained from an exchange doing this.

Another exchange could be helpful, but what we really need is sellers 

Nah, what we really need is merchants. This coin has long term potential, not just an exchange dump. Though it is pretty good for that, since everybody wants it

now TEK is usable with http://www.altaccept.com/  i sent out first email to a merchant this morning.  A one merchant that just started taking bitcoin, so maybe they will be open to taking alts.

It's a good start. I'm working on some stuff as well, not specific to TEk and not ready to be public, but it should kickstart a number of things in the not too distant future

[David Latapie]

For example if I had a block of 1,000 TEK that aged for 35 days, I would have a stake weight of 5,000.

Thanks. This means that with 13 TEK, I will probably not stake in 30 days, but most probably much, much more, right?

Shall I understand that rich account have more chances to get richer the more TEK you have, the better the chances of getting your stake?

[presstab]

For example if I had a block of 1,000 TEK that aged for 35 days, I would have a stake weight of 5,000.

Thanks. This means that with 13 TEK, I will probably not stake in 30 days, but most probably much, much more, right?

Shall I understand that rich account have more chances to get richer the more TEK you have, the better the chances of getting your stake?

So the cool thing is that although a block of 13 might take longer than 30 days to stake, it still is accumulating interest while it waits.  A block of 13 will get up to a stake weight of 1170 on day 90, blocks do not gather more weight beyond day 90.  So a block of 13 will stake eventually and you shouldn't worry too much because you are always getting interest.

[presstab]

delete the file called blkindex0001.dat  i think is the one balls it up

ok, got the new wallet, it came up no problem, but I tried to load the saved blockchain from the op, and it keeps giving me a "runaway exception", cannot open blkindex.dat, error 22.

WTF am I doing wrong here?

Hmm interesting.  I would try moving the contents of your tek folder in appdata (if using windows) to a directory called "backup" or something of the sort. Then try copying the contents from the op into the tek folder and see if it works.

Or you could always try extracting the contents into a directory like c:\tekcoindata and then startup your client using the terminal and entering tekcoin-qt.exe -datadir=C:\tekcoindata

If all of that fails, you might have to start a fresh sync. If you look a page or two back on the thread dyoungii posted a working exe that will sync from block 0.  If you need to compile from source, all of the github directories (including mine) have been updated to include this change.

Thank you, gentlemen. I'll try the above until it works or I give up and sync from the beginning Never had a real problem with TEK before, other than I suck at linux. But this is the first time I've had a windows problem, and it can be solved by faking patience if nothing else.

Also, while I'm at it, should the conf file be named TEKcoin.conf, or just TEK.conf? I'm trying to set up for solomining. Just for shits and giggles. Not even sure my rig is fast enough, but it's worth a shot.

From what I see in the source code it should be tekcoin.conf

[David Latapie]

For example if I had a block of 1,000 TEK that aged for 35 days, I would have a stake weight of 5,000.

Thanks. This means that with 13 TEK, I will probably not stake in 30 days, but most probably much, much more, right?

Shall I understand that rich account have more chances to get richer the more TEK you have, the better the chances of getting your stake?

So the cool thing is that although a block of 13 might take longer than 30 days to stake, it still is accumulating interest while it waits.  A block of 13 will get up to a stake weight of 1170 on day 90, blocks do not gather more weight beyond day 90.  So a block of 13 will stake eventually and you shouldn't worry too much because you are always getting interest.

Correct me if I'm wrong.

In the best case, you get interest every 30 days. In the worst case (really small block => small weight) you'll get them every 90 days. The only difference is that small blocks will benefit less from compound interest.

[Tranz]

For example if I had a block of 1,000 TEK that aged for 35 days, I would have a stake weight of 5,000.

Thanks. This means that with 13 TEK, I will probably not stake in 30 days, but most probably much, much more, right?

Shall I understand that rich account have more chances to get richer the more TEK you have, the better the chances of getting your stake?

So the cool thing is that although a block of 13 might take longer than 30 days to stake, it still is accumulating interest while it waits.  A block of 13 will get up to a stake weight of 1170 on day 90, blocks do not gather more weight beyond day 90.  So a block of 13 will stake eventually and you shouldn't worry too much because you are always getting interest.

FYI this has the same bug as many PoS coins where the max weight should be 90 days, but is not.  The max weight is 60 days till this is fixed. Won't make much of a difference until there are many more coins out there. But does require a hard fork to fix.

[David Latapie]

FYI this has the same bug as many PoS coins where the max weight should be 90 days, but is not.  The max weight is 60 days till this is fixed. Won't make much of a difference until there are many more coins out there. But does require a hard fork to fix.

Interesting. Mintcoin is supposed to have 40 days, but maybe it doesn't. I'll check.