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[rdyoung]

Question...not necessarily specific to POSv. What happens if you have the same wallet.dat file running on two different computer?

For POW coins, Nothing. For POS/v, I have been told very bad things if they are both unlocked and staking. I have run the same address on 2 different wallets and never had an issue, but as I have been told by the rdd devs that its not smart, I would advise caution on that front. There should be no issue running them so long as only 1 is actively staking at a time.

So what exactly happens if they are both staking then

The way I understand it conflicts with blocks being minted and transmitted to the network could happen, not sure exactly.
You could always test it out with a small # of coins in an address that is generated outside of the wallet so that you have control over where the key is imported.

[jheaton]

Question...not necessarily specific to POSv. What happens if you have the same wallet.dat file running on two different computer?

For POW coins, Nothing. For POS/v, I have been told very bad things if they are both unlocked and staking. I have run the same address on 2 different wallets and never had an issue, but as I have been told by the rdd devs that its not smart, I would advise caution on that front. There should be no issue running them so long as only 1 is actively staking at a time.

So what exactly happens if they are both staking then

The way I understand it conflicts with blocks being minted and transmitted to the network could happen, not sure exactly.
You could always test it out with a small # of coins in an address that is generated outside of the wallet so that you have control over where the key is imported.

uhh, no thanks.

[rdyoung]

Question...not necessarily specific to POSv. What happens if you have the same wallet.dat file running on two different computer?

For POW coins, Nothing. For POS/v, I have been told very bad things if they are both unlocked and staking. I have run the same address on 2 different wallets and never had an issue, but as I have been told by the rdd devs that its not smart, I would advise caution on that front. There should be no issue running them so long as only 1 is actively staking at a time.

So what exactly happens if they are both staking then

The way I understand it conflicts with blocks being minted and transmitted to the network could happen, not sure exactly.
You could always test it out with a small # of coins in an address that is generated outside of the wallet so that you have control over where the key is imported.

uhh, no thanks.

Why not? For science!!

[jheaton]

Question...not necessarily specific to POSv. What happens if you have the same wallet.dat file running on two different computer?

For POW coins, Nothing. For POS/v, I have been told very bad things if they are both unlocked and staking. I have run the same address on 2 different wallets and never had an issue, but as I have been told by the rdd devs that its not smart, I would advise caution on that front. There should be no issue running them so long as only 1 is actively staking at a time.

So what exactly happens if they are both staking then

The way I understand it conflicts with blocks being minted and transmitted to the network could happen, not sure exactly.
You could always test it out with a small # of coins in an address that is generated outside of the wallet so that you have control over where the key is imported.

uhh, no thanks.

Why not? For science!!

I'm sure the original question asker is.

[jheaton]

The first few staked coins was a fairly decent amount on everyones end. Was that a one time deal cause the network was so low? If those #'s dont roll in again I don't get it? A million+ coins stakes 2 or 3 pennies in pot a day. Even #2 on the rich list (less the first day, the 23rd) 7 million+ coins stakes 3,355 +/- @ $.001080 =$3.62 ..from 24th - 30th.   , unless i'm missing something?

[rdyoung]

The first few staked coins was a fairly decent amount on everyones end. Was that a one time deal cause the network was so low? If those #'s dont roll in again I don't get it? A million+ coins stakes 2 or 3 pennies in pot a day. Even #2 on the rich list (less the first day, the 23rd) 7 million+ coins stakes 3,355 +/- @ $.001080 =$3.62 ..from 24th - 30th.   , unless i'm missing something?

There are a couple of issues that will be resolved when the network gets rolling at the speed it should be.

We are currently averaging 1500blocks/day the last I checked, that has us short by 600 or so blocks. The interest is based on coin age which in turn is based on the # of blocks since that tx was created, because we are running behind schedule the staked coins will be lower than they should be, but with the combined power of averages and compounding, those lost coins will likely be made up for in short order. I am currently syncing a wallet on my vps that I will use to stack a ton of individual addresses to get and keep the network moving, davidpot already set one up with his own coin but it doesn't seem to have solved the problem.

The reason the first coin earnings were so high was 2 fold, the coin age of the blocks that staked for the first time along with the # of blocks staked back2back, once all mature coins had been used for new blocks the time between blocks increased.

You also should avoid thinking in terms of usd for any crypto, when potcoin takes off in price that 0.01c you staked could be worth 1$ or 10$.

[jheaton]

how long will/should it take to generate the remaining 210 million'ish coins?..if the network is running like it should. just another curious question.

[rdyoung]

how long will/should it take to generate the remaining 210 million'ish coins?..if the network is running like it should. just another curious question.

5%/apr says about 20 years non compounded. Compounding could take 2-5 years off, but that is also assuming that 420million is a hard cap, even if it is a hard cap in the code that can be changed by the devs at anytime.

[fonzerrellie]

are you doing the math as if 100% of the coins will be staked each year??  when MINT ended up doing it's stats at the end of their first year it turned out to be way less than 100% of total coins were staked which means inflation was way less than they had originally expected... I think it was something like less than 12% instead of the possible 20%



on the exchange side of things... with the fork we had a few weeks before the switch to posv, I'm wondering how many coins were sent to the exchanges from the bad fork? is that part of the problem that is slowing down cryptsy and ttrex from updating?

I would love to get my coins off the exchange and in my wallet staking.

edit: I'm going to break up the POT I have already in my wallet into smaller deposits to spread it over the blockchain more to try to help it pick up to it's proper speed... if you have all your POT in 1 big chunk doing the same could really help the network speed/weight balance out

[rdyoung]

are you doing the math as if 100% of the coins will be staked each year??  when MINT ended up doing it's stats at the end of their first year it turned out to be way less than 100% of total coins were staked which means inflation was way less than they had originally expected... I think it was something like less than 12% instead of the possible 20%



on the exchange side of things... with the fork we had a few weeks before the switch to posv, I'm wondering how many coins were sent to the exchanges from the bad fork? is that part of the problem that is slowing down cryptsy and ttrex from updating?

I would love to get my coins off the exchange and in my wallet staking.

edit: I'm going to break up the POT I have already in my wallet into smaller deposits to spread it over the blockchain more to try to help it pick up to it's proper speed... if you have all your POT in 1 big chunk doing the same could really help the network speed/weight balance out

Yes and No. POSv2.0 takes the 5% of the entire money supply and divides that among the actively staking coins, so yes, potcoin will continue to grow at 5-6%/year regardless of what % of coins are actively staking.

Coins being sent TO the exchanges on the wrong chain wouldn't be an issue the exchanges have to resolve, unless those coins were credited and sold before they took the wallets down. It will be up to anyone who sent funds on the fork to reindex, salvage, whatever is needed to get the coins back.

I am currently working on creating a wallet with up to 500 separate addresses all fed with 10pot to get things rolling. I am up to 30 addresses created and funded, my only concern is the system resources needed to keep track of that many addresses, I am running it on a vps that isn't too great on specs.

[fonzerrellie]

oh cool, I didn't realise that about posV  thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

[rdyoung]

oh cool, I didn't realise that about posV   thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSv 2.0 has that feature, the first POSv doesn't its 5% or 6% with active staking.
And yes, it is a very sweet feature, it means that as long 50% or fewer coins stay offline we could be seeing 10%/year+ on our staked coins
This is one hell of a reason to get them off the exchanges if your not actively trading.

I am thinking that I won't go with 500 as my goal, Maybe stick with 50 or so, my goal was to have as many as possible so that I could help goose the network along, but thats not going to happen in just one wallet.

[dopecoindude]

oh cool, I didn't realise that about posV  thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSV  has worked very nicely for Dopecoin. I highly recommend getting into coins that does this. I love getting the little dividends for the 'stash' 

[fonzerrellie]

oh cool, I didn't realise that about posV   thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSv 2.0 has that feature, the first POSv doesn't its 5% or 6% with active staking.
And yes, it is a very sweet feature, it means that as long 50% or fewer coins stay offline we could be seeing 10%/year+ on our staked coins
This is one hell of a reason to get them off the exchanges if your not actively trading.

I am thinking that I won't go with 500 as my goal, Maybe stick with 50 or so, my goal was to have as many as possible so that I could help goose the network along, but thats not going to happen in just one wallet.

I harassed richie again today 

[rdyoung]

oh cool, I didn't realise that about posV   thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSV  has worked very nicely for Dopecoin. I highly recommend getting into coins that does this. I love getting the little dividends for the 'stash'  

Just noticed your signature, dope was definitely not the first weed related crypto, pot was. Potcoin was launched 1-21-15, dope was launched about a month later.

Despite the above, I am 99% I am down to buy some dope . Will make a good edition to my asset.

[rdyoung]

oh cool, I didn't realise that about posV   thats pretty awesome

and yes the wallet runs a bit heavy so having that many chunks/deposits might increase it, I guess we'll find out soon enough. I'm just waiting for mine to come out of stake so I can start breaking mine up into a new wallet.

POSv 2.0 has that feature, the first POSv doesn't its 5% or 6% with active staking.
And yes, it is a very sweet feature, it means that as long 50% or fewer coins stay offline we could be seeing 10%/year+ on our staked coins
This is one hell of a reason to get them off the exchanges if your not actively trading.

I am thinking that I won't go with 500 as my goal, Maybe stick with 50 or so, my goal was to have as many as possible so that I could help goose the network along, but thats not going to happen in just one wallet.

I harassed richie again today 

Good, if when cryptsy ever replies to my reply I will keep smacking them around as well. Its almost like its deliberate, they both own a large chunk of the supply, they are quite literally suffocating the coin by having their respective wallets offline.

[richiela]

An update from our side folks.  We ran into a bug with the wallet that we're working with the dev team on right now.  We'll reopen as soon as we understand it.

Thanks,
Richie

[fonzerrellie]

An update from our side folks.  We ran into a bug with the wallet that we're working with the dev team on right now.  We'll reopen as soon as we understand it.

Thanks,
Richie

thanks a bunch for the update 

[rdyoung]

An update from our side folks.  We ran into a bug with the wallet that we're working with the dev team on right now.  We'll reopen as soon as we understand it.

Thanks,
Richie

What was the bug?

And, thanks for keeping us in the loop

[jheaton]

when you guy's talk about creating a bunch of addresses are all you're doing is making multiple receiving address and sending pot to yourself in the same wallet?