NobleCoin[NOBL] - 8% PoS | 1Yr+ | MARKETPLACE | PAY | GIFT | CHARITIES/MERCHANTS

[cryptonit]

Great, so if i've sent 1,000 NOBL to a wallet today Oct 23rd and the POS goes live on Nov 1st they will have the same weight as 1,000 NOBL that have been sitting in a wallet for the past 6 months, this is correct?

no

weight grow from day 7 to day 30

please read again

below description of DMD POS
NOBLE POS will have same mechanics just different settings

How is POS working:

there is a easy and a complex answer

easy:
each year ur coins will increase as much as the pos reward percentage say if u regulary (once a month) open ur wallet in minting mode for at least a day


complex:

following is true for DMD POS
not all coins use the same
and some (most) coin devs dont full understand what i describe here
and so their code isnt utilizing POS in its full power or values not adapted to fit their coin amount

to test other coins just ask them to explain u how POS works in detail
u will get lot different and most of them are wrong answers (copycoder alarm .....)


pile
coin weight
coin age
burn coin age
min time
max time
split stake
group stake
pos difficulty
pos block time
pos reward


pile = if u check coin control u see u have lot pile of coins
each pile try to POS on his own (only group stake act different)

coin weight=determined by amount of coin in pile and his age used to calculate ur chance to mint coin weight stop to grow once ur coins reach max time is reached (this is to prevent someone gather lot coin weight and be able do some kind of attack(no guide for attack here...) (which wont work anyway at DMD because of hybrid security))

coin age=determined by amount of coin in pile and his age used to calculate ur reward when u mint successful
coin age doesnt stop to grow and so do ur rewards get bigger and bigger until
u mint successful then ur coin age of the involved coin pile is set to zero

burn coin age/coin weight happens also for all coins in a pile which is involved in a transaction
that mean that pile get his coin weight and coin age reset to zero
if u have only one big pile of coins and u send every 5 days a little outgoing transaction
u will never ever be able to mint because u always destroy the coin weight before its big enough u get a minting possibility

min time is 7 days for DMD which mean once ur pile of coins is at least 7 days old he can compete to try mint a block if ur wallet is unlocked
between mint time and max time every successful minting will be split stake

max time is 30 days for DMD which means coin weight dont grow even if ur coins are older than 30 days (but ur coin age grow without limit even after 30 days)
any minting with coins  older than 30 days will use group stake mechanism

split stake means when a pile of coins successful mint a block and is below 30 days old he will be split in 2 pile of coins where both pile will be increased with half of pos rewards u earned

group stake will be attempted by coin pile older than 30 days the they no longer are forced to try mint alone but can group with other coin pile also older than 30 days
up to 100 DMD can group up and try to mint together. if successfull they merge together forming a single pile and get the earned pos rewards added to that pile. coin pile above 100 coins cant group but when they mint the group stake mechanism will prevent them from beeing split in 2 pile

pos difficulty u can see when u enter getdifficulty into console
it determine the chance that u will be able to mint
similar to POW but this time not pure hashrate of complex hashes and luck determine who able create next block
instead simple hashes created by  wallet via cpu  and modified with the coin weight of pile which try to mint compete against each other on the network

pos block time a diff adjusting will try to raise and lower pos difficulty to reach target pos block time (in case of DMD its 600sec because of our hybrid POW/POS setup we need no faster POS block generation and it helps keep ur wallet clean of POS spam (lot small pos rewards) instead u generate less but bigger minting rewards.

pos reward determined by coin age and actual pos stage of coin
example 50% per anno  pos reward means a pile with 1000 dmd and age 30 days will if he mint successfull be
1000+(1000/100*50/12)= 1041.67 dmd

[sorrros]

Thanks cryptonit; it's much clearer now!

[RD965]

Is there any wallet upgrade since were going pos? My wallet doesn't sync totally today dunno whats going on. Im using v 1.0.0.0

[gluck]

something strange is happening

477.329 MH/s
Difficulty
33.97
earlier in this hashrate difficulty was 3 times less

Wallet is not updated

[Zebedee23]

we should organise a day of Rain on irc , big holders can prepare and rain nobl down on new Noblers, promote before on twitter, combine maybe with release of POS wallet, what do ya think??

[Rofo]

something strange is happening

477.329 MH/s
Difficulty
33.97
earlier in this hashrate difficulty was 3 times less

Wallet is not updated

WafflePool is jumping on and off us.

[gluck]

something strange is happening

477.329 MH/s
Difficulty
33.97
earlier in this hashrate difficulty was 3 times less

Wallet is not updated

WafflePool is jumping on and off us.

but why wallet is not updated?

[Rofo]

something strange is happening

477.329 MH/s
Difficulty
33.97
earlier in this hashrate difficulty was 3 times less

Wallet is not updated

WafflePool is jumping on and off us.

but why wallet is not updated?

I'm not sure I follow, which wallet? The DMD team are moving forward with the new fork (not released yet) and the non-mandatory wallet updates released are optional.

[RD965]

something strange is happening

477.329 MH/s
Difficulty
33.97
earlier in this hashrate difficulty was 3 times less

Wallet is not updated

WafflePool is jumping on and off us.

but why wallet is not updated?

I'm not sure I follow, which wallet? The DMD team are moving forward with the new fork (not released yet) and the non-mandatory wallet updates released are optional.

My wallet is sync now never mind

[Rofo]

My wallet is sync now never mind

Good to hear. The update will include nodes and methods of resolving the delay in syncing when it has trouble finding peers.

[voephilis]

we should organise a day of Rain on irc , big holders can prepare and rain nobl down on new Noblers, promote before on twitter, combine maybe with release of POS wallet, what do ya think??

Yeah, that could help. We wait until POS wallet comes so people won`t dump their coins. We should also write articles, promote via twitter and FB. (I will write another article if POS is published.)

Noble is so cheap atm everyone should buy. Not only the big holders Everyone should rain a bit.

[RD965]

My wallet is sync now never mind

Good to hear. The update will include nodes and methods of resolving the delay in syncing when it has trouble finding peers.

Glad to hear that!

Thank you keep the good work!

[NorrisK]

something strange is happening

477.329 MH/s
Difficulty
33.97
earlier in this hashrate difficulty was 3 times less

Wallet is not updated

WafflePool is jumping on and off us.

Probably my fault for buying at 9 :p

[fairglu]

something strange is happening

477.329 MH/s
Difficulty
33.97
earlier in this hashrate difficulty was 3 times less

Wallet is not updated

WafflePool is jumping on and off us.

Probably my fault for buying at 9 :p

Wafflepool is now accounting for 25% to 75% of noble mining
https://chainz.cryptoid.info/nobl/extraction.dws?13.htm

[Hueristic]

we should organise a day of Rain on irc , big holders can prepare and rain nobl down on new Noblers, promote before on twitter, combine maybe with release of POS wallet, what do ya think??

Yeah, that could help. We wait until POS wallet comes so people won`t dump their coins. We should also write articles, promote via twitter and FB. (I will write another article if POS is published.)

Noble is so cheap atm everyone should buy. Not only the big holders Everyone should rain a bit.

We have to wait until the change. As was just noted Multi pools target us if it is profitable. Shoring up the price right now is nothing more than paying multipools electric bills.

[cryptochris88]

Finally got to synch the wallet... I am going to store my coins for now in anticipation for the PoS.
Noble is probably one of the coins I'd hope would get the due recognition. 

[cryptonit]

how is ur http://casheer.net/ efforts going on?
http://forum.casheer.net/viewtopic.php?f=15&t=463&sid=f2c18123ef4a493ffe0b2d489c17ec4f
u can do better or?

[Rofo]

how is ur http://casheer.net/ efforts going on?
http://forum.casheer.net/viewtopic.php?f=15&t=463&sid=f2c18123ef4a493ffe0b2d489c17ec4f
u can do better or?

I'd hope so. We going to get on Casheer or not people?

[Hueristic]

how is ur http://casheer.net/ efforts going on?
http://forum.casheer.net/viewtopic.php?f=15&t=463&sid=f2c18123ef4a493ffe0b2d489c17ec4f
u can do better or?

I'd hope so. We going to get on Casheer or not people?

What is casheer? Looks like another bbs to me?

[RD965]

how is ur http://casheer.net/ efforts going on?
http://forum.casheer.net/viewtopic.php?f=15&t=463&sid=f2c18123ef4a493ffe0b2d489c17ec4f
u can do better or?

I'd hope so. We going to get on Casheer or not people?

What is casheer? Looks like another bbs to me?

If you have a link why are you asking?