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Author Topic: [ANN][1000 SYNC] Proof of Stake now run by BLOCKCHAIN DEVELOPMENT COMPANY  (Read 816000 times)
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Cor2
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August 06, 2014, 07:16:54 PM
 #9641

What just happened?
I thought that the SYNC wallet is always splitting inputs,
so I have seen inputs being split in as small as 0.01 SYNC,
but now I look in my wallet and suddenly I see one big input of 1.5 SYNC (half the wallet)
plus some various size smaller inputs. Is the wallet designed to avoid "dust" and collects
a large amount of small inputs from time to time back into a single large input?

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
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August 06, 2014, 08:33:49 PM
 #9642

What just happened?
I thought that the SYNC wallet is always splitting inputs,
so I have seen inputs being split in as small as 0.01 SYNC,
but now I look in my wallet and suddenly I see one big input of 1.5 SYNC (half the wallet)
plus some various size smaller inputs. Is the wallet designed to avoid "dust" and collects
a large amount of small inputs from time to time back into a single large input?

Well I'd say you bloody lucky bugger!
why doesn't that happen to me Roll Eyes

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youngwebs
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August 06, 2014, 08:38:13 PM
 #9643

Maybe a weird question, but is there a way to prevent a wallet daemon from staking?

Once the multipool transfers Sync from exchange to pool wallet there is many times some delay between the 6 exchange accounts we use for trading (3 exchanges*2 Algos)
Sometimes the pool wallet start staking during the payout, and the outgoing payments are blocked. We have to wait 50 blocks again before wallet balance is available again for payout to miner.

We have no benefit from staking (its like one hour max only) but big disadvante. So, is there a suffix that prevents Sync wallet from staking??

That said:

All payments of shift 40 have been made!

deephouse
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August 06, 2014, 08:45:10 PM
 #9644

What just happened?
I thought that the SYNC wallet is always splitting inputs,
so I have seen inputs being split in as small as 0.01 SYNC,
but now I look in my wallet and suddenly I see one big input of 1.5 SYNC (half the wallet)
plus some various size smaller inputs. Is the wallet designed to avoid "dust" and collects
a large amount of small inputs from time to time back into a single large input?

You are complaining about 1.5 SYNC? Wish I could be as lucky as you.  Grin Grin

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August 06, 2014, 08:52:08 PM
 #9645

Maybe a weird question, but is there a way to prevent a wallet daemon from staking?

Once the multipool transfers Sync from exchange to pool wallet there is many times some delay between the 6 exchange accounts we use for trading (3 exchanges*2 Algos)
Sometimes the pool wallet start staking during the payout, and the outgoing payments are blocked. We have to wait 50 blocks again before wallet balance is available again for payout to miner.

We have no benefit from staking (its like one hour max only) but big disadvante. So, is there a suffix that prevents Sync wallet from staking??

That said:

All payments of shift 40 have been made!


yes. One line in the .conf file. reserverbalance=9999999

That is specifically to exclude a given number of coins from staking so they are spendable. setting it to six (or more) digits pretty well guarantees that it will never stake anything Cheesy
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August 06, 2014, 09:19:08 PM
 #9646

We crossed 100000 blocks  Grin Grin Grin

Now at 100287

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August 06, 2014, 09:55:14 PM
 #9647

Maybe a weird question, but is there a way to prevent a wallet daemon from staking?

Once the multipool transfers Sync from exchange to pool wallet there is many times some delay between the 6 exchange accounts we use for trading (3 exchanges*2 Algos)
Sometimes the pool wallet start staking during the payout, and the outgoing payments are blocked. We have to wait 50 blocks again before wallet balance is available again for payout to miner.

We have no benefit from staking (its like one hour max only) but big disadvante. So, is there a suffix that prevents Sync wallet from staking??

That said:

All payments of shift 40 have been made!


yes. One line in the .conf file. reserverbalance=9999999

That is specifically to exclude a given number of coins from staking so they are spendable. setting it to six (or more) digits pretty well guarantees that it will never stake anything Cheesy

great thanks, wans't aware this setting would prevent the staking.. I think a reservation of 2 digits will be more then enough for a long time lol!

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August 06, 2014, 10:08:20 PM
 #9648

I am going to delete my other post but just wanted to ask here. I am getting two fury and can they mine SYNC multi-pool?
Cor2
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August 06, 2014, 10:18:10 PM
 #9649

You are complaining about 1.5 SYNC? Wish I could be as lucky as you.  Grin Grin
Oh I am not complaining - I bought 3 SYNC for a reason that should be well known here (Sync Fund)
and I like to understand what the wallet is doing (I have another wallet with ORB which uses a slightly different way of staking)
so I have been watching what this SYNC wallet is doing and I like it a lot, because it will give a reward based on the age and size
of the staking amount - if you put in a fraction, you get a fraction reward, if you put in a lot, you get a lot reward.
Still the ORB (Orbitcoin) has higher rate of interest *if* you configure the wallet right, because there the reward is fixed,
for every 20 ORB you get 1 ORB block reward and it can stake approx every 2 weeks, so you are getting typically 10% per month
which is much higher than SYNC. But due to the fixed-reward-per-input, you need to go into the wallet, enable Coin Control
and split the wallet into separate inputs of 20 ORB each. If you own 30,000 ORB that process is... painful.
Since I initially did not know if SYNC rewards were fixed or variable, I just tried and split my 3 SYNC into a few pieces and awaited the
results. Then I saw that each piece after almost 6h (I believe 355 confirmations which is approx 355 minutes or 5 mins short of 6h) was enabled for staking
and in the hours after that I saw that identical sized inputs received different amounts of rewards, exactly (I calculated to check)
sized to the age of the input at the moment of staking. Then I saw different sized inputs receive rewards that were related to the value of the input at the moment of staking - again confirming that the staking is giving a percentage per month on the amount that is staking and the reward is linear with the age "collected interest over time". I also saw all inputs being split in two and the reward attached to one of them, so I was expecting to see smaller and smaller inputs over time, until you have a wallet full of "dust" that needs to be re-combined and I was not looking forward to doing a similar thing as I had to do on my ORB wallet - manually go in and create a certain size inputs.
So, great was my surprise when I opened my wallet today and I saw *fewer* inputs and one of them was half the amount in my wallet!
I don't know if this feature was discussed or described before, since you do not need to go into the coin control to make SYNC work optimally, so I expect that not too many people know how you can select specific inputs for transactions as well as split and recombine inputs. It is just interesting to see this work and the added features that keep it from falling apart (lilke, creating dust by endless splitting inputs)
In the case of ORB, since it is recommended to keep inputs of at least 20 ORB, the splitting has also been modified that only inputs over 50 ORB will be split in 2, any smaller inputs just get the reward added and so they slowly grow if you do not manually resize them back to 20. It looks like the SYNC wallet is doing something similar - stop splitting but it appears to actively re-combine inputs to make a big input again, I have never seen that except with ORB if the input is smaller than 20 ORB it needs to combine with another staking input to create an amount of 20 or greater before staking can succeed. Is that the same with SYNC, that it searches out staking inputs and recombines them and their rewards to form one big new input?

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
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August 06, 2014, 10:23:04 PM
 #9650

I am going to delete my other post but just wanted to ask here. I am getting two fury and can they mine SYNC multi-pool?

I have had 6 furies with a zencontroller raspberri pi pointed at the SYNC multipool for three plus weeks.  They work great.

I get about .01 SYNC every 2 days.
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August 06, 2014, 10:31:14 PM
Last edit: August 06, 2014, 10:41:50 PM by AtlanticWaves
 #9651

Is everyone confident they are getting 50% stake at this point?  When we were at 100%  I was getting the correct amount +\- 3% every 24 hour cycle.  My network weight also ran very low in the low thousands mostly.  Now at the 50% stake I'm only getting dust and averaging 10% or less in stake BUT my network weight has been running at 50-60% of the entire network, as if some massive stake is headed my way.  Is it just me? I've only just noticed this and been tracking it for 72 hour btw.
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August 06, 2014, 10:35:03 PM
 #9652

I am going to delete my other post but just wanted to ask here. I am getting two fury and can they mine SYNC multi-pool?

Yes they can, see also other users replies..


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August 06, 2014, 10:39:24 PM
 #9653

YoungWebs,  me again your old nemesis\friend.

Do you have any explanation for the x11 payout amounts for the last three days?  We are below electricity costs at this point.

I'm trying to be a good sync citizen but wow.  Might have to go back to scrypt.....
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August 06, 2014, 10:49:20 PM
 #9654

YoungWebs,  me again your old nemesis\friend.

Do you have any explanation for the x11 payout amounts for the last three days?  We are below electricity costs at this point.

I'm trying to be a good sync citizen but wow.  Might have to go back to scrypt.....

you are right, x11 is not as good as it was in this shift.
With previous shift, we found a very profitable coin (Start) but also these profits have been dropping again. Only SCRYPT algo is kind of stable in revenues. X11 is a difficult algo to find good mineable coins for.

FYI: With currently increased hash for x11 i added today conspiracycoin to the X11 pool and also Quebecoin has been added today for x11. I hope this will improve payouts a bit.
For scrypt VIAcoin was added today.

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August 06, 2014, 10:56:04 PM
 #9655

Hi,

I just compiled the wallet on Ubuntu and can't get it to sync. Anybody can help ?
Ubuntu is 12.04, wallet is 1.0.4.

Thanks  Smiley
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August 06, 2014, 10:58:46 PM
 #9656

Hi,

I just compiled the wallet on Ubuntu and can't get it to sync. Anybody can help ?
Ubuntu is 12.04, wallet is 1.0.4.

Thanks  Smiley

It should work flawless: Multipool uses also 1.04 on ubuntu 12.04.
you only need to open p2p port 24241 in your firewall for both incomming AND outgoing traffic.
Also use the Sync.conf file from the OP!

(note the capital S)

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August 06, 2014, 11:24:53 PM
 #9657

Hi,

I just compiled the wallet on Ubuntu and can't get it to sync. Anybody can help ?
Ubuntu is 12.04, wallet is 1.0.4.

Thanks  Smiley

It should work flawless: Multipool uses also 1.04 on ubuntu 12.04.
you only need to open p2p port 24241 in your firewall for both incomming AND outgoing traffic.
Also use the Sync.conf file from the OP!

(note the capital S)
Worked, thanks.

Capital S is crucial indeed   Cheesy
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August 06, 2014, 11:41:30 PM
 #9658

Is everyone confident they are getting 50% stake at this point?  When we were at 100%  I was getting the correct amount +\- 3% every 24 hour cycle.  My network weight also ran very low in the low thousands mostly.  Now at the 50% stake I'm only getting dust and averaging 10% or less in stake BUT my network weight has been running at 50-60% of the entire network, as if some massive stake is headed my way.  Is it just me? I've only just noticed this and been tracking it for 72 hour btw.
I calculated from my first and my fifth rewards payouts (just random selected, because at that time I knew how large the staking chunks were) that the reward for both comes to 4.1% per month, which would be just over 49% on year basis.
The math is simple:
- take the reward amount
- divide by the input size in SYNC (if it is the only staked input then you can see the amount in the overview screen for 1 hour, after that the input returns to the spendable amount in the wallet - coin control will show you the age of each input, the one with the lowest age is the last one that finished staking)
- divide by the age (time difference since the input was created and the time of reward) in hours (or minutes = the indicated age in confirmations)
- then multiply that result by the amount of hours (or minutes) in a 30 day period: 24x30 (x60)
This should result in a value close to 4.1% (0.041) in this 30-day period.
Hope this clarifies,

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
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August 07, 2014, 02:02:20 AM
 #9659

And were back, Nice! Grin

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August 07, 2014, 04:16:13 AM
 #9660

My apologies in advance...

I downloaded the mac wallet and its not syncing. Searched the thread and saw the .conf fix but I don't have a Sync folder under Library>Application Support. Any ideas? Thanks in advance...
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