|
Maestro1 (OP)
|
 |
May 16, 2014, 12:48:34 AM
Last edit: May 16, 2014, 01:16:19 AM by Maestro1 |
|
Guys, about staking.
PoS (and PoW) are stochastic processes, it means there's a certain element of luck involved. If you see other PoS coin threads, the same questions has been continuously asked. PoS staking is like PoW mining, it's not a bank-style interest rate, it's a competition between minters to stake a block so the more people stake, the less likely it will be to find a block quickly. You can see the PoS difficulty by using the getdifficulty command from the debug console.
The stake rate (for all coins) refers to the amount of staking you receive when a mature block of coins that you have is staking another block, and the time it takes to stake it.
For example, if you have a block of 1000 AC with mature coins staking, and it takes 10 days to mint a new block, your old 1000 AC block is destroyed and you will get two payments in smaller blocks, each around 513.5 AC, adding to 1027 AC, or a 2.7% increase in 10 days, which is the same as 100% increase in a year. Once this happens, the new block age will be zero.
This is basically how PoS works. If you have a larger staking block, it will mint a block sooner (maybe within minutes of starting to stake), if you have a smaller one, it will take longer, maybe many days but your interest rate is calculated by the amount it took to stake the block. There are lots of PoS articles out there that explain this in detail.
|
If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
|
|
|
|
zing96
|
|
May 16, 2014, 01:02:22 AM |
|
Guys, about staking.
PoS staking is like PoW mining, it's not a bank-style interest rate,
+a billion. This. This right here. |
|
|
|
|
|
duplan
|
|
May 16, 2014, 01:21:00 AM |
|
I'm also doing a semi-stabilization on bittrex just to keep the price alive. I'm buying at close to what the asking is in little amounts so that the price doesn't drop so precipitously. 45 AC here 36 AC there. Just on what I've mined from Israelcoin using BTC scraps. It might be a good thing for a couple of miners with some scrap BTC to pick up small amounts of coins around the 550-600 mark say to keep prices alive until there is a pump.
Good Job , that's the spirit ! I wish more people would do that , chip in guys . I'm doing that , too , not on bittrex , on mintpal . |
|
|
|
|
|
duplan
|
|
May 16, 2014, 01:30:03 AM |
|
Hi guys,
I'm going to add some capabilities to the client to show more visibility of the staking process. There's no other good way to debug what's going on.. other than to just give you a new client with that new capability.
I agree it's kind of annoying that it's just a black box right now so to start i'll just add some new RPC commands through debug console to show how many coins you own.. what coinage they are at.. and how/when they will participate in the staking process, accordingly.
Likely doing so will lead into adding coin control capability as well.
Great ! That kind of interactivity is what will bring this forward , what seems clear to you is not clear at all to others , but , when you include what you have planned with some nice indicators : People will love that info widget ! Now , bring it on asap , we are all eager to become AC reactor monitor personnel at our own wallets Give it some knobs & handles & an AC-O-Meter  |
|
|
|
|
rsturtle
Member
 Offline
Activity: 67
Merit: 10
|
|
May 16, 2014, 01:58:13 AM |
|
My first stake didn't come through but another did? Any idea why this happened?  |
|
|
|
|
|
Maestro1 (OP)
|
|
May 16, 2014, 02:00:56 AM |
|
Just a few posts earlier: Guys, about staking.
PoS (and PoW) are stochastic processes, it means there's a certain element of luck involved. If you see other PoS coin threads, the same questions has been continuously asked. PoS staking is like PoW mining, it's not a bank-style interest rate, it's a competition between minters to stake a block so the more people stake, the less likely it will be to find a block quickly. You can see the PoS difficulty by using the getdifficulty command from the debug console.
The stake rate (for all coins) refers to the amount of staking you receive when a mature block of coins that you have is staking another block, and the time it takes to stake it.
For example, if you have a block of 1000 AC with mature coins staking, and it takes 10 days to mint a new block, your old 1000 AC block is destroyed and you will get two payments in smaller blocks, each around 513.5 AC, adding to 1027 AC, or a 2.7% increase in 10 days, which is the same as 100% increase in a year. Once this happens, the new block age will be zero.
This is basically how PoS works. If you have a larger staking block, it will mint a block sooner (maybe within minutes of starting to stake), if you have a smaller one, it will take longer, maybe many days but your interest rate is calculated by the amount it took to stake the block. There are lots of PoS articles out there that explain this in detail.
|
If you're happy with our work on AsiaCoin revival, please consider giving us trust feedback and provide donations to the new AsiaCoin Foundation.BTC: 1LCsuAojeFqf5YamN9iiwEo3VJ9YM8HHjf
|
|
|
rsturtle
Member
Offline
Activity: 67
Merit: 10
|
|
May 16, 2014, 02:14:11 AM |
|
Sorry, I understand what he's saying! I just see that one staked for basically the same amount but another didn't so I was kind of confused. Believe me, I trust in the developers I was just confused. Didn't want to create any redundancy!
|
|
|
|
|
|
zing96
|
|
May 16, 2014, 03:06:08 AM
Last edit: May 16, 2014, 03:35:52 AM by zing96 |
|
Sorry, I understand what he's saying! I just see that one staked for basically the same amount but another didn't so I was kind of confused. Believe me, I trust in the developers I was just confused. Didn't want to create any redundancy!
Your wallet is locked too. Staking should look something like this while the stake is being confirmed:  |
|
|
|
|
|
blindminer
|
|
May 16, 2014, 03:52:26 AM |
|
Hi,
how can i stake my Asiacoins?
i have about 1100000 coins in my wallet.
|
|
|
|
|
CryptoSteam
|
|
May 16, 2014, 03:56:59 AM |
|
Hi,
how can i stake my Asiacoins?
i have about 1100000 coins in my wallet.
It takes 2 weeks for new coins to stake. If it's locked, then you need to unlock it. You can basically unlock it every two weeks and wait until it stakes. I just leave my wallet open all the time so I can benefit from compounding interest. |
|
|
|
|
harelipgraph
Newbie
Offline
Activity: 3
Merit: 0
|
|
May 16, 2014, 04:04:53 AM |
|
Garbage, cheating, return my money
|
|
|
|
|
Undland
Legendary
Offline
Activity: 1120
Merit: 1055
|
|
May 16, 2014, 04:32:24 AM |
|
Garbage, cheating, return my money
oh, stop to grumble. you can sell all of your coins and buy CINNI, because it's smells better |
|
|
|
|
|
Collegestudent
|
|
May 16, 2014, 04:33:33 AM |
|
Garbage, cheating, return my money
Like it or not we are rolling developements without u |
|
|
|
|
|
Collegestudent
|
|
May 16, 2014, 04:37:43 AM |
|
Hello all AC fanboys and fangirls  we are now looking to push AC into the next level by making sure we get intregrated with Coinpayments, their votes starts tomorrow and please start mentioning to others on twitter about our goal. https://www.coinpayments.net/voteAlso along with this wood wallets may be coming if we get more interests. Please help us reach our goals!! |
|
|
|
|
rsturtle
Member
Offline
Activity: 67
Merit: 10
|
|
May 16, 2014, 05:41:25 AM |
|
Sorry, I understand what he's saying! I just see that one staked for basically the same amount but another didn't so I was kind of confused. Believe me, I trust in the developers I was just confused. Didn't want to create any redundancy!
Your wallet is locked too. Staking should look something like this while the stake is being confirmed: Look close, it is actually unlocked! Thank you for the reply though! |
|
|
|
|
kp3254
Newbie
Offline
Activity: 43
Merit: 0
|
|
May 16, 2014, 05:50:00 AM |
|
Garbage, cheating, return my money
You got 3 total post. Get out of here Troll |
|
|
|
|
|
CryptoSteam
|
|
May 16, 2014, 06:13:04 AM |
|
Hello all AC fanboys and fangirls we are now looking to push AC into the next level by making sure we get intregrated with Coinpayments, their votes starts tomorrow and please start mentioning to others on twitter about our goal. https://www.coinpayments.net/voteAlso along with this wood wallets may be coming if we get more interests. Please help us reach our goals!! +1. We will start voting Saturday, May 17th, at 12:00:00 EST (Noon). So, we will need the AsiaCoin community's support to make it possible to get on CoinPayments. |
|
|
|
|
chakraborty
Member
Offline
Activity: 70
Merit: 11
|
|
May 16, 2014, 06:17:53 AM |
|
Hello all AC fanboys and fangirls we are now looking to push AC into the next level by making sure we get intregrated with Coinpayments, their votes starts tomorrow and please start mentioning to others on twitter about our goal. https://www.coinpayments.net/voteAlso along with this wood wallets may be coming if we get more interests. Please help us reach our goals!! +1. We will start voting Saturday, May 17th, at 12:00:00 EST (Noon). So, we will need the AsiaCoin community's support to make it possible to get on CoinPayments. We have a very strong community. I hope everyone will vote! |
monero: 44EmypyVbByiC8VCqVgHg6ZpYxCSzF6EhfPg6tAGbRxYiJo7uNrMHFvVcYM8r1aVamdQ5F5Jxicr1XV pMFjfJgRyMoPbYdd
|
|
|
dygus
Legendary
Offline
Activity: 1193
Merit: 1000
Peaky Blinder
|
|
May 16, 2014, 07:06:13 AM |
|
I know there is a hashcow multipool, but I (and many others i think) will not be minnig scrypts coins. So we need X11 multipool I think there would be more minners.
|
|
|
|
|
CryptoSteam
|
|
May 16, 2014, 07:16:54 AM |
|
I know there is a hashcow multipool, but I (and many others i think) will not be minnig scrypts coins. So we need X11 multipool I think there would be more minners.
The AsiaCoin Foundation will take that into consideration! |
|
|
|
|
|
