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Author Topic: HBN Investment Journal - 2% returns every ten days - 90,000+ HBN Porfolio  (Read 69831 times)
cryptmebro
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March 27, 2014, 01:00:46 PM
 #281

I'm so glad i was able to transfer my hbn to cryptsy to sell when the price was 0002+....oh wait.  fuck off cryptsy.
squiggie
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March 27, 2014, 01:22:28 PM
 #282

Yea ditto that. I planned on selling some pos mined blocks off, but wait, craptsy wallet is freaking out and can't generate new addresses???

It's fixed now, so hopefully there is another rally today.

MarketNeutral
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March 27, 2014, 01:31:37 PM
 #283

Panic over. Cryptsy has updated their wallet. All accounts balanced.
presstab
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March 27, 2014, 03:11:56 PM
 #284

Yea ditto that. I planned on selling some pos mined blocks off, but wait, craptsy wallet is freaking out and can't generate new addresses???

It's fixed now, so hopefully there is another rally today.

The rallies over the last days were synthetic, created because supply of HBN was not able to be introduced to the market, which let demand run wild.  My question is where exactly will HBN/BTC stabilize at now?  It will be an interesting experiment to watch.

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broken_pixel
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March 27, 2014, 03:28:02 PM
 #285

Could someone recomend a good stable HBN pool in the US? I have been mining at the HBN blockfactory pool for months but it seems they are having issues with high reject rates and stales. Last night I checked my miners and my reject ratio was over 60% per GPU on multiple rigs. I switched over to another DGC pool and my rigs where mining fine.

I pointed my rigs back to the HBN blockfactory pool and the rejects have subsided but the stales are way higher than they where in the past.

Thanks,
 Tongue


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scryptographer
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March 27, 2014, 03:29:37 PM
 #286

Could someone recomend a good stable HBN pool in the US? I have been mining at the HBN blockfactory pool for months but it seems they are having issues with high reject rates and stales. Last night I checked my miners and my reject ratio was over 60% per GPU on multiple rigs. I switched over to another DGC pool and my rigs where mining fine.

I pointed my rigs back to the HBN blockfactory pool and the rejects have subsided but the stales are way higher than they where in the past.

Thanks,
 Tongue



I've had my miners pointed at scrypt.io lately

presstab
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March 27, 2014, 03:40:53 PM
 #287

Could someone recomend a good stable HBN pool in the US? I have been mining at the HBN blockfactory pool for months but it seems they are having issues with high reject rates and stales. Last night I checked my miners and my reject ratio was over 60% per GPU on multiple rigs. I switched over to another DGC pool and my rigs where mining fine.

I pointed my rigs back to the HBN blockfactory pool and the rejects have subsided but the stales are way higher than they where in the past.

Thanks,
 Tongue



I've had my miners pointed at scrypt.io lately

I also have been using scrypt.io it has been pretty stable lately.

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airlutely
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March 27, 2014, 05:04:03 PM
 #288

I'm following your journal too - great idea
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March 27, 2014, 08:56:51 PM
 #289

Hobonickel have been one of the most stable coin during this crazy downtrend.

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tokyoghetto (OP)
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March 27, 2014, 09:12:12 PM
 #290

http://hbn.smartmining.net/ is a pretty good pool and has a decent hashrate.
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March 28, 2014, 01:12:39 PM
 #291

hey guys i was wondering if it was possible to mint 1 hbn ^^ i bought it thanks to btc faucets but i'm afraid it might be too low to mint itself

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March 28, 2014, 02:04:05 PM
 #292

hey guys i was wondering if it was possible to mint 1 hbn ^^ i bought it thanks to btc faucets but i'm afraid it might be too low to mint itself

I'm trying this as well.. It should work. But it could take some time. It would be like trying to solve a block solo mining with 50kh/s on the HBN network.  After months of trying you might get one.

Let us know how it goes..

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mighty jol
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March 28, 2014, 02:20:58 PM
 #293

OMFG months?
so the 10 days 2% is off? erf i need more hbn to be sure to mint it so or am i misunderstanding the mechanics?

anyway, still going to hold this and see (if i reach the 30 days maximum holding isn't it supposed to actually mint really fast?)

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March 28, 2014, 02:44:31 PM
 #294

OMFG months?
so the 10 days 2% is off? erf i need more hbn to be sure to mint it so or am i misunderstanding the mechanics?

anyway, still going to hold this and see (if i reach the 30 days maximum holding isn't it supposed to actually mint really fast?)


The 10 days 2% isn't off, it is just when it becomes eligible to stake. Larger blocks of HBN, something like 1-2k will stake in ten days. Small blocks can take longer than that, but if you have those block on the network 24/7 after the ten days it will increase your likelihood of having them stake.



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mighty jol
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March 28, 2014, 03:23:33 PM
 #295

does a 30 day block automatically stake?
so if i keep my wallet open all night lonng i increase my chances to stake?
what if i leae it closed for 45 days and open to sync?

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March 28, 2014, 04:16:32 PM
 #296

does a 30 day block automatically stake?
so if i keep my wallet open all night lonng i increase my chances to stake?
what if i leae it closed for 45 days and open to sync?


it doesn't automatically stake after 30 days. At 30 days, the coin age (#coins * #days) is at it's max.

So if you open at 30 days, 45, 90 days or more.   there's no additional benefits to wait longer. you have the same coin age.

Like Tranz said, PoS is just like PoW in that sense of competing to solve a block AND luck.  The "weight" factor is used to discriminate younger blocks from older ones... but size does matter also (in the weight formula), so a small block will eventually stake, but it could take longer since their max weight is limited by their size.

You also have to understand how PoS works.

There is this "splitting" of the block that goes on when it stakes... so, even if a block of 100 HBN will likely stake before a block of 10 HBN, when that block of 100 HBN does stakes, it becomes 2 blocks of ~ 51HBN each.

So, over time (over 3-4 successful stake - 30-40 days) the original 100 HBN block will be just about the same size then that 10 HBN block.... but that 10 HBN block will have more weight because it's been sitting there for 30-40 days, so it will be closer to stake than those newly minted smaller blocks.

I believe the splitting was though of to
a) level out "big" stake holder with "small" ones
b) Secure the network since each successful PoS stakes creates a new block on the chain, the more blocks available for stake, the more secure the network will be against 51% PoW attacks since PoW and PoS are competing one another.


Another thing to understand about PoS "interest" is that it's 100% per year but each 10 days, you get a "chance" to be rewarded a part of that 100%.

Example: 365 days / 10 days (minimum wait period) = 36.5
So you have ~36.5 staking period in 1 year.
100% / 36.5 = 2.74%

So every 10 days, you get ~2.74% (this varies as it's also based on network parameters... I don't know all of them) return on your coins.

But what happens when it takes longer to successfully stake... well basically, that 2.74% will be bigger.  Just for an example, if it take 100 days instead of 10 days, then you could expect ~27.4% return on that same block.

So you are still rewarded for waiting longer.  You will lose the "compound" effect of staking more quickly but you still get a nice reward that compensate for the longer time it took to get your stake.

hope this clarifies things for everyone.
PoS is a complexe concept but a pretty cool one IMHO Grin

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mighty jol
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March 28, 2014, 04:25:13 PM
 #297

ok i got this i think.
So the fact that i would be waiting longer for my 1 hbn block will be compensated by the time it takes to stake. Over a large period of time, having a big/small block doesn't matter because the stakes will increase/decrease accordingly.
Did i understand it right?
Also combining blocks might be a good idea then if i want to stake more often (to compound interest)
How many hbn would be needed to mint 1 hbn a day?

rgm108
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March 28, 2014, 04:27:52 PM
 #298

Hi OP

Really enjoying this thread so far.

Question: I've tried the first 3 pools on the HBN site for farming. So far they have been rather unreliable. Any suggestions?

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unick
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March 28, 2014, 06:14:08 PM
 #299

ok i got this i think.
So the fact that i would be waiting longer for my 1 hbn block will be compensated by the time it takes to stake. Over a large period of time, having a big/small block doesn't matter because the stakes will increase/decrease accordingly.
Did i understand it right?
Also combining blocks might be a good idea then if i want to stake more often (to compound interest)
How many hbn would be needed to mint 1 hbn a day?

You got it.

you would need about 500 HBN to get 1 per day

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unick
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March 28, 2014, 06:16:12 PM
 #300

Hi OP

Really enjoying this thread so far.

Question: I've tried the first 3 pools on the HBN site for farming. So far they have been rather unreliable. Any suggestions?

why are you getting issues ?

you are refering to http://hobonickels.info/pools.html right?

I've been using scrypt.io for quite some time without any major issues. Before that I used theblocksfactory.

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