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FractalUniverse
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February 20, 2021, 08:12:07 AM
Last edit: February 20, 2021, 08:38:34 AM by FractalUniverse |
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Hello, I have recovered the wallet after a long time, it is already updated and with coins, how did it look like it was mining PoS ?. Thanks
When you have PoS mining enabled in "Tools" it should look like this:  |
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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FractalUniverse
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February 20, 2021, 08:36:02 AM |
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btw current price is rather low, but still its 25 cents per 1 ORB, because of high bitcoin price @ 55000.
so its feasible to get few dollars per day with about 30-40000 ORBS (my guesstimation with current difficulty).
Price may get much higher in the future though, as 1 block is only 0.25 orbitcoins now.
whats needed is to get orb on several more reliable exchanges.
I have put some coins on unnamed.exchange and freiexchange, but im reluctant to place there more, as im not much confident in their long term reliability. I lost a lot on cryptopia.. :/
But without liquidity there will not be much trading going on, so we have to take some risk.
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juanjosear
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February 20, 2021, 08:41:21 AM |
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How is cryptopia going? I have signed up for the law firm's claim, but I have had no response. Can you see if my account was affected? Thanks
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juanjosear
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February 20, 2021, 08:42:39 AM |
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Regarding mining in PoS, you have to put the orbitcoin.conf file somewhere or that was for PoW.
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ghostlander (OP)
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No surrender, no retreat, no regret.
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February 21, 2021, 09:23:06 PM |
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Regarding mining in PoS, you have to put the orbitcoin.conf file somewhere or that was for PoW.
Just keep it running. If the tribar in the wallet's lower right corner glows yellow, it's staking. |
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juanjosear
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February 22, 2021, 04:54:55 PM |
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 . I reconnect it. |
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testbug
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March 07, 2021, 01:20:12 PM |
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Is it normal, that it will take very long to find a POS block?
As far as i know you should find a block on POS faster, of you have more ORB on your wallet, is this right? As the weight will increase.
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FractalUniverse
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March 07, 2021, 05:53:09 PM |
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depends on how many coins you have, but its better to split them to more adresses for staking
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testbug
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March 11, 2021, 06:27:04 PM |
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depends on how many coins you have, but its better to split them to more adresses for staking
Can you explain why it is better to have them on different addresses? Is this security related or POS related? Ty! |
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FractalUniverse
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March 13, 2021, 08:01:42 PM |
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depends on how many coins you have, but its better to split them to more adresses for staking
Can you explain why it is better to have them on different addresses? Is this security related or POS related? Ty! i took this guide from reddit: it was written for different coin, but most of it is still relevant here: note that after finding PoS block, the imput has to age one day before it starts staking again. personally i have also more adresses (its more for sorting by purpose and labeling reasons in this case), but imagine you had 10000 bitcoins in your wallet and kept them in just 1 address. then you would send or received a payment to/from someone on the internet, or even your friend. they could check your current balance in no time.  New to staking? Try this Guide.
FAQ
POS Guide |Credit: Crofly
Staking starts if coins are at least 1 day in the wallet. For staking the wallet has to be open
Wallet uses every input for staking. The more coins you have and longer they are in your wallet (max age 16 days) the higher chance they have to get a pos block
It's also based on luck and difficulty
After an input is rewarded with a pos block, its coinage is resetted to 0, so this input has to wait 1 day again for it to stake..
Additionally if the input was bigger than stakesplit (default: 400 ) and coinage was not max ( 16 days ) they will be split in 2 halfs
For example if an input of 100k coins gets a pos block before its coinage is 12 days, it will be split in 2 halfs to 2x 50k and of course coinage resetted to 0
For inputs this autosplit the wallet does repeats until the value "stakesplit" in your config has been reached
so it may take a while until a stack of 100k or more is splitted into stacks of 500 coins
As the Autosplit may take a while depending on the sice of coins one has, it helps to manually split them manually to like 10k / 1k / or even 300 inputs
This can be achieved by sending the amount to a new address in your wallet via coin control
Before you do, check the next point first
Sending/splitting coins of a big stack resets coin age of the coins you want to split and the remaining ones
The remaining coins will be moved to another change address in the wallet, that's why it's coin age will be 0 again
Stakecombine combines input that are below the value in the config ( default 200 ) with max 10 inputs together
If you have many small blocks, manually combining them could help
Please be advised, those are only my personal researches and understandings of how it works
Staking options
-stakegen=<n> Generate coin stakes (default: 1 = enabled)
-stakemintime=<n>Set the min. stake input block chain time in hours (default: 48 or testnet: 1)
-stakemindepth=<n>Set the min. stake input block chain depth in confirmations (default: follow -stakeminage)
-stakeminvalue=<n> Set the min. stake input value in coins (default: 1.0)
-stakecombine=<n>Try to combine inputs while staking up to this limit in coins (20 < n < 200; default: 20) Also have a look at post linked in first post of this thread: https://bitcointalk.org/index.php?topic=586674.msg7744291#msg7744291 |
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g1itch
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March 15, 2021, 06:07:42 PM |
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FractalUniverse
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March 16, 2021, 07:49:41 PM |
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looking at it, its interesting how many blocks contain coin transactions. |
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HD369
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April 06, 2021, 04:22:29 PM
Last edit: April 08, 2021, 03:08:04 PM by HD369 |
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Regarding mining in PoS, you have to put the orbitcoin.conf file somewhere or that was for PoW.
Just keep it running. If the tribar in the wallet's lower right corner glows yellow, it's staking. I downloaded its blockchain and bought some ORB. how to active that yellow triangle at bottom of right corner? POS mining enabled but the triangle color does not shine. edit: It fixed automatically after few days. |
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alexp301989
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July 16, 2021, 09:58:37 PM |
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I need some technical help with my Orbitcoin Digital wallet app I downloaded from this forum. It says that it is offline, not connected and I haven't found the option where I can toggle it back online. How do I connect my Orbitcoin digital wallet to the Orbitcoin Network.
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noise23
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July 17, 2021, 12:46:06 AM |
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I need some technical help with my Orbitcoin Digital wallet app I downloaded from this forum. It says that is is offline, not connected and I haven't found the option where I can toggle it back online. How do I connect my Orbitcoin digital wallet to the Orbitcoin Network.
Just keep it running for some time, should connect eventually. |
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alexp301989
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July 19, 2021, 07:11:24 PM |
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I need some technical help with my Orbitcoin Digital wallet app I downloaded from this forum. It says that it is offline, not connected and I haven't found the option where I can toggle it back online. How do I connect my Orbitcoin digital wallet to the Orbitcoin Network.
It still isn't functioning properly |
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crypto-dev
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July 21, 2021, 03:42:24 AM |
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I need some technical help with my Orbitcoin Digital wallet app I downloaded from this forum. It says that it is offline, not connected and I haven't found the option where I can toggle it back online. How do I connect my Orbitcoin digital wallet to the Orbitcoin Network.
It still isn't functioning properly Add this to your .conf file addnode=seed0.orbitcoin.org:15298 addnode=seed1.orbitcoin.org:15298 |
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alexp301989
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July 25, 2021, 12:41:49 AM |
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I need some technical help with my Orbitcoin Digital wallet app I downloaded from this forum. It says that it is offline, not connected and I haven't found the option where I can toggle it back online. How do I connect my Orbitcoin digital wallet to the Orbitcoin Network.
It still isn't functioning properly Add this to your .conf file addnode=seed0.orbitcoin.org:15298 addnode=seed1.orbitcoin.org:15298 where exactly is the .conf file located |
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alexp301989
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July 25, 2021, 12:53:06 AM |
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I need some technical help with my Orbitcoin Digital wallet app I downloaded from this forum. It says that it is offline, not connected and I haven't found the option where I can toggle it back online. How do I connect my Orbitcoin digital wallet to the Orbitcoin Network.
It still isn't functioning properly Add this to your .conf file addnode=seed0.orbitcoin.org:15298 addnode=seed1.orbitcoin.org:15298 where exactly is the .conf file located I created a .conf notepad file and placed it inside the data folder and added the two codes |
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ghostlander (OP)
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No surrender, no retreat, no regret.
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July 25, 2021, 02:03:47 AM |
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I need some technical help with my Orbitcoin Digital wallet app I downloaded from this forum. It says that it is offline, not connected and I haven't found the option where I can toggle it back online. How do I connect my Orbitcoin digital wallet to the Orbitcoin Network.
It still isn't functioning properly Add this to your .conf file addnode=seed0.orbitcoin.org:15298 addnode=seed1.orbitcoin.org:15298 where exactly is the .conf file located I created a .conf notepad file and placed it inside the data folder and added the two codes It should be named orbitcoin.conf and placed inside the data subdir, or it won't be picked up. The wallet can learn about new peers from IRC unless you have blocked it. |
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