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

[Biomech]

well done to our friend JemHadar!!!  

Even little rigs can crack blocks on our TEK pool!

L@@K!! JemHadar has only 50GH/s!



power up those old miners! get mining TEK with Central Cavern!

http://tek.centralcavern.uk

Actually 42 GH most of the time Never understimate the Dominion!

The pool is working great!

[Biomech]

  Hello
   
      Does the tek wallet need to be running non stop for 30 days  to receive Stake Interest or can I close it ? because I like to turn off my pc at night.....
   
             

I may be wrong on the latter part here, but I don't think I am.

To get the coins mature, they just have to be there. The wallet don't have to be open.

However, as I understand it, when they go into stake you need to wait until the staking is accepted by the network before you close it. This usually happens pretty quck, so you're not looking at days on end.

[raskul]

well done to our friend JemHadar!!!  

Even little rigs can crack blocks on our TEK pool!

L@@K!! JemHadar has only 50GH/s!



power up those old miners! get mining TEK with Central Cavern!

http://tek.centralcavern.uk

Actually 42 GH most of the time Never understimate the Dominion!

The pool is working great!

great stuff. I'm all in mining for TEK now - BTC difficulty has put me out of the game.

[thundertoe]

well done to our friend JemHadar!!!  

Even little rigs can crack blocks on our TEK pool!

L@@K!! JemHadar has only 50GH/s!



power up those old miners! get mining TEK with Central Cavern!

http://tek.centralcavern.uk

Actually 42 GH most of the time Never understimate the Dominion!

The pool is working great!

great stuff. I'm all in mining for TEK now - BTC difficulty has put me out of the game.

I only have a S1 atm, and i really only got that so the wife wouldn't use a dehumidifier in the house.  I was multipooling, but i now switched over to the TEK pool and will leave it parked. Mine let them compound a few times, should be good roi.  In other news TEK yet again just absorbed a large coin selloff like a champ.

[raskul]

well done to our friend JemHadar!!!  

Even little rigs can crack blocks on our TEK pool!

L@@K!! JemHadar has only 50GH/s!



power up those old miners! get mining TEK with Central Cavern!

http://tek.centralcavern.uk

Actually 42 GH most of the time Never understimate the Dominion!

The pool is working great!

great stuff. I'm all in mining for TEK now - BTC difficulty has put me out of the game.

I only have a S1 atm, and i really only got that so the wife wouldn't use a dehumidifier in the house.  I was multipooling, but i now switched over to the TEK pool and will leave it parked. Mine let them compound a few times, should be good roi.  In other news TEK yet again just absorbed a large coin selloff like a champ.

I also been buying up, as well as mining, pumped around 3/4 of a BTC worth again today. 

[HunterS]

I love tek, but such a shame as it'll only have 10-13 months more lifetime calculated by staking, maybe even less if you count the mining, as all coins will be staked and mined

yup 

moneysupply : 1,254,052.50351800

month one : +501,621.0014072 = 1,755,673.5049252

We'll have to see if this comes true. I suspect it'll be a lot lower.

however - the above table does not take into consideration mined coins - it only shows PoS coins, so MAXCOINS will be sooner.

there is no max coins

[raskul]

I love tek, but such a shame as it'll only have 10-13 months more lifetime calculated by staking, maybe even less if you count the mining, as all coins will be staked and mined

yup 

moneysupply : 1,254,052.50351800

month one : +501,621.0014072 = 1,755,673.5049252

We'll have to see if this comes true. I suspect it'll be a lot lower.

however - the above table does not take into consideration mined coins - it only shows PoS coins, so MAXCOINS will be sooner.

there is no max coins

yes, we ascertained that after i posted.

[kprell40]

  Hello
 
    I am confused on on the 40% steak a banker told me 40% is yearly not monthly is this true she said that no one would pay 40% a month she said the 40% percent is yearly divided up by 12 months is this true? so 40%  is the this monthly or yearly divided by 12 ?
 
                        Kevin
 
     

[Biomech]

  Hello
  
    I am confused on on the 40% steak stake a banker told me 40% is yearly not monthly is this true she said that no one would pay 40% a month she said the 40% percent is yearly divided up by 12 months is this true? so 40%  is the this monthly or yearly divided by 12 ?
  
                        Kevin
  
    

Stake is 40 percent monthly. If you're looking at APR, like your banker, then it's 500%. This is the incentive to keep your wallet supporting the network. PoS is much more profitable than straight mining, and mining ain't bad. Tek outperforms bitcoin almost every day, for part of the day


EDIT: FTFY. Steak is what you'll be eating after a few stake periods

[thundertoe]

40% after 30 days. Yes it is high but it is not quite like traditional banking system. Think of owning TEK and staking it like being part of a financial network, your wallet being online and generating the interest actually is helping secure the network and move the transaction chain along. However there is no "bank" of TEK that has these coins made already, the creation of the new coins is built into the code, so yes it does create inflation but the coins are created just for you not part of some TEK bank than has to pay out interest on its accounts.

[kprell40]

40% after 30 days. Yes it is high but it is not quite like traditional banking system. Think of owning TEK and staking it like being part of a financial network, your wallet being online and generating the interest actually is helping secure the network and move the transaction chain along. However there is no "bank" of TEK that has these coins made already, the creation of the new coins is built into the code, so yes it does create inflation but the coins are created just for you not part of some TEK bank than has to pay out interest on its accounts.

 I was told that the wallet not need to be online for 30 days to  generating  Stake .  just open wallet on the 30 days and receive Stake....
     

[thundertoe]

40% after 30 days. Yes it is high but it is not quite like traditional banking system. Think of owning TEK and staking it like being part of a financial network, your wallet being online and generating the interest actually is helping secure the network and move the transaction chain along. However there is no "bank" of TEK that has these coins made already, the creation of the new coins is built into the code, so yes it does create inflation but the coins are created just for you not part of some TEK bank than has to pay out interest on its accounts.

 I was told that the wallet not need to be online for 30 days to  generating  Stake .  just open wallet on the 30 days and receive Stake....
      

correct the stake does not generate instantly however it can take many hours or even days. if it takes longer the payment will increase to compensate for the extra time.

larger blocks will have advantage in generating interest payment faster than a small block,  a large block may mint on day 30 after an hour or 2, a very small block may take multiple days.

Think of larger blocks like a more powerful miner, the block will pay 40% big or small miner but the larger miner finds it faster. I have not tested anything very small lately, i have blocks around 200 tek that are paying off quickly hours not days. maybe if anyone has a recent very small stake they can report in how many days past 30 it took, i have waited i think up to 34 days once for a very small one in the past.

[sneakgeekz]

Is now a good price to buy or is it a bubble and I will lose my money?

Looking at Cryptsy, it's been climbing steadily since April...

This could go down at any time though. People might come to sell their staked coins once they come in and surely this could cause a drop in the price.

Anyone who dumps while price is steadily going up instead of placing many small sell orders is complete idiots but yes, there are many like that around here lately. 

Trading TEK with long term in mind has been pretty easy, its turned into about the most predictable coin around. Slow climbs, spike up, retreat, flash dumps almost instant recoveries. Like he says trickle them out when price is high, and with long term in mind i like to try and rebuy those dips, i always have buys up at a range you never know when you can catch a good dumper and bring your cost avg way down. This is one reason the buying in steady over a month works so well, you have time to cost avg nice. Once payments come in you can trickle out a portion without having to dump a large amount or park t on the sell board and miss out earning stake.

Thanks for the tip. I've been riding those waves today. Buying low, selling a little on the highs and stacking/staking the rest.

Also just switched over a dragon from bitminter. So fed up with btc variance.

[Biomech]

40% after 30 days. Yes it is high but it is not quite like traditional banking system. Think of owning TEK and staking it like being part of a financial network, your wallet being online and generating the interest actually is helping secure the network and move the transaction chain along. However there is no "bank" of TEK that has these coins made already, the creation of the new coins is built into the code, so yes it does create inflation but the coins are created just for you not part of some TEK bank than has to pay out interest on its accounts.

 I was told that the wallet not need to be online for 30 days to  generating  Stake .  just open wallet on the 30 days and receive Stake....
      

correct the stake does not generate instantly however it can take many hours or even days. if it takes longer the payment will increase to compensate for the extra time.

larger blocks will have advantage in generating interest payment faster than a small block,  a large block may mint on day 30 after an hour or 2, a very small block may take multiple days.

Think of larger blocks like a more powerful miner, the block will pay 40% big or small miner but the larger miner finds it faster. I have not tested anything very small lately, i have blocks around 200 tek that are paying off quickly hours not days. maybe if anyone has a recent very small stake they can report in how many days past 30 it took, i have waited i think up to 34 days once for a very small one in the past.

What I've seen with small blocks is that they turn out orphans more often, but it goes back into stake usually within a few hours. Then it just works. I haven't had any large blocks stake yet, just started seriously building recently. But the timeframe on the little ones has been (three so far) 30 days, 32 days, 31 days. In order The two that were over 30 both produced and orphan before they staked and were accepted. So the timeframe seems consistent, just a higher shot at an orphan with lower stakes. I hope.

[Glizlack]

I am very close to switching to mining Tekcoin. However i have 3 block erupter cubes at 600watts. And bitcoin returns about .45 cents per day vs .09 cents per day on Tekcoins. Does the POS push it into about the same territory if so I will switch yesterday as I am also tired of btc difficulty jumps.

Steve

[armin22]

http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages





Donation : BjMZ3y1SdpwfHyoqmUXGTpDCvStkdK55JW

[jdebunt]

http://www.cryptoarticles.com/crypto-news/could-tekcoin-be-the-end-of-pointless-stake-percentages

Thank you Armin for this awesome article, we are glad to be working with you

[raskul]

Very good article Armin

[armin22]

Very good article Armin

Thank you

Dont forget to tip

[raskul]

Very good article Armin

Thank you

Dont forget to tip

don't eat yellow snow.   
What's your TEK address?