[AC] AsiaCoin | Pure PoS | 100% Interest

[tmpwhore]

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.

[1714695339]

1714695339

[fonzerrellie]

Any multipool for asia?

Hash Cows
(You can select to be payed in AC from 'User Info' -> Account settings)

Only this pool pays in AC for the moment.

I'm on the Hash Cows now and it's a little bizarre. After 5 hours of mining it's saying I'm getting 2.48 AC is that right? If so better to mine Dogecoin or something easy and convert to BTC then just buy AC.

2.48 AC estimated exchanged rate. Whatever that means. The problem is, is that it's mining very hard coins based on profitability so if you're a small miner you're fucked. We need a real AC specific mining pool like xhash used to have there I was getting hundreds a day at peak with 250K/hs. Even at the fork I was getting close to 100.

It is because some of those mined coins are not yet mature.
Therefore it cannot exchange for you.
That means, if you stop to mine now, you will continuously receive more AC.
Give it a few more hours and you will see it working well. (I think 24hrs is good.)

+1 some coins take a long time to mature

[Scrappy Do]

 Still not staking.. and no idea why either. As I stated a few days back. I had 100k or so ac with the last transaction coming on the 29th of last month. I have yet to see any stake, and wallet up 24/7 and not encrypted. I have since added another 130k or so 5 days ago when some fools were selling at or below 400. Please help anyone.

[jmfcanada]

Still not staking.. and no idea why either. As I stated a few days back. I had 100k or so ac with the last transaction coming on the 29th of last month. I have yet to see any stake, and wallet up 24/7 and not encrypted. I have since added another 130k or so 5 days ago when some fools were selling at or below 400. Please help anyone.

I have the same issue.  The majority of my coins, about 70k, have been in my wallet since April 17/18.  I upgraded my wallet on May 9th, it's unlocked and open 24/7 but I still haven't received a stake.  Not sure what to do.

[Zaxxon]

You can now vote for AC to be traded on icurrex. https://www.icurrex.com/vote

You can vote every 30 minutes I think.

[micryon]

Still not staking.. and no idea why either. As I stated a few days back. I had 100k or so ac with the last transaction coming on the 29th of last month. I have yet to see any stake, and wallet up 24/7 and not encrypted. I have since added another 130k or so 5 days ago when some fools were selling at or below 400. Please help anyone.

I have the same issue.  The majority of my coins, about 70k, have been in my wallet since April 17/18.  I upgraded my wallet on May 9th, it's unlocked and open 24/7 but I still haven't received a stake.  Not sure what to do.

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.

[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.

[zing96]

Guys, about staking.

PoS staking is like PoW mining, it's not a bank-style interest rate,

+a billion.  This.  This right here.

[duplan]

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]

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]

My first stake didn't come through but another did? Any idea why this happened?

[Maestro1]

My first stake didn't come through but another did? Any idea why this happened?

http://i58.tinypic.com/29eqaae.png

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.

[rsturtle]

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]

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]

Hi,
how can i stake my Asiacoins?
i have about 1100000 coins in my wallet.

[CryptoSteam]

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]

Garbage, cheating, return my money

[Undland]

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]

Garbage, cheating, return my money

Like it or not we are rolling developements without u

[Collegestudent]

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/vote

Also along with this wood wallets may be coming if we get more interests. Please help us reach our goals!!