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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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youngg
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August 02, 2014, 11:43:10 PM
 #9621

Another excellent Sync article, from CoinTelegraph.

http://cointelegraph.com/news/112201/synccoin-asset-backed-pos-with-real-life-application-and-bountiful-rewards-
youngg
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August 02, 2014, 11:49:34 PM
 #9622


Add this one and it's clear that the word is spreading...

http://www.cryptocoinsnews.com/news/synccoin-exclusive-interview-coin-thats-also-membership-club/2014/08/02

Buy, hold, stake...more is coming.
Cor2
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August 02, 2014, 11:51:26 PM
 #9623

It was intended to be 1 % per annum (uncompounded, haven't calculated the compounded rate), but was raised to 100 percent for a time and is now stepping down back to 1% The time frame is here in the thread, but I don't recall it right now. I do know that we either just did or are just about to go to 50%. Without running a calc, you're return sounds about right.
Ah, that clarifies.
Yeah, I believe we are about a week past the first halving of the reward, another 3 weeks or so to go at the half-rate.
Since it is designed to start at 100% per annum, does that mean that it is a fixed amount that halves every month, so that the size of the staking inputs will determine the frequency of staking and thereby the total reward over time?
The reward of 0.0012 after halving means it was 0.0024 which is about 1/400 so that means that 1 SYNC is expected to stake within a day? That sounds about right for what I saw my 2 SYNC do - generate a Stake block in approx 10 hours.
But that also means that ORB will be more profitable, since that is delivering around 150% interest in a year: 1 ORB per 20 ORB input, approx 10-15 days for staking.
Please confirm that the reward is a fixed amount per block.
Thanks!

SYNC: Sd3XBRmhrrr39Wj4rtjb3YAkwWvCze44BZ                    ORB: odyWi677JDQy7Gc6Nv6kCdnajmScqgTkDE       Honest pools (payout matching calculation):
TransferWise: International money transfer for 1%fee        Doge to the moon! D9FGY7Bhwbj2jrnk7v8VR47HTu7vfVu1gV         Nut2pools and Steadymining
LTCagt
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August 03, 2014, 12:21:24 AM
 #9624

I tried searching for this info, but this spec of SYNC appears to be hidden, I could not find it, so I hope someone here can answer:
I bought about 2 SYNC (and will buy more, money permitting) since I like to get interest from staking.
However, I have no idea *how much* reward staking is giving.
My 2 SYNC staked within a few hours from the min age of 6 hours, but only delivered 0.0012 SYNC reward.
Is this reward fixed or variable and what determines the size?
I understand the staking, Coin Control and splitting my 2 SYNC into multiple inputs,
since I have been active with ORB for a long time, which was the first coin with Staking rewards.
Calculating based on this one time event, SYNC pays a little less interest than ORB, so I need to decide where to go next.
I read in the SYNC spec that block reward is 0.14 SYNC but that is obviously not true for PoS blocks,
unless it has halved already so many times in the mean time that it now is at 0.0012?
Thanks for any pointers!

It was intended to be 1 % per annum (uncompounded, haven't calculated the compounded rate), but was raised to 100 percent for a time and is now stepping down back to 1% The time frame is here in the thread, but I don't recall it right now. I do know that we either just did or are just about to go to 50%. Without running a calc, you're return sounds about right.

hi guys, as pow Ends - the only way blockchain could move was by staking - but in the beginning there are not enough People that stake their coins - so it was decided to go to 100% staking - to interest more People in staking so the blockchain could move faster then we all know a slow coin is annoying

we often see this on btc - NOW a lot of People are staking and interested in this coin - BUT we should think about that every stake means MORE coins at the end - but we still want to have a rare coin to be divided from other coins (beside all the other Advantages this coin have)

so there was a decision to Change this high interest-rate that is no more needed - this lowering of the interest-rate is good PR in think - you have to get in there quick to paeticipate on the higher interest rate and thats what i read

People get busy in coming in ...

the first halving from 100 to 50 was at block block 86400, and after that every 43200 blocks which means about every 30 days but it is not linked to the days it is linked to the block

nice weekend
MsCollec (OP)
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August 06, 2014, 11:49:09 AM
 #9625

Welcome back to the super pupper dropper club.
MsCollec (OP)
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August 06, 2014, 11:57:29 AM
 #9626

The final version of Nitesend should be available within the next 2 weeks. Awaiting Nite69 confirmation
tom14cat14
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August 06, 2014, 03:05:30 PM
 #9627

Are we using this thread now?
MsCollec (OP)
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August 06, 2014, 03:23:44 PM
 #9628

Are we using this thread now?

Some people want us to move back here. The community will decide.
dbt1033
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August 06, 2014, 03:27:33 PM
 #9629

Are we using this thread now?

Some people want us to move back here. The community will decide.

I vote to return to this thread.  It has a wealth of information, and MsCollec has always been very present/active.

Not knocking Sovie at all... I just think an outside investor would rather see a thread with 500 pages.
tom14cat14
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August 06, 2014, 03:39:09 PM
 #9630

Are we using this thread now?

Some people want us to move back here. The community will decide.

I vote to return to this thread.  It has a wealth of information, and MsCollec has always been very present/active.

Not knocking Sovie at all... I just think an outside investor would rather see a thread with 500 pages.

Agreed here. Sovie and LT post a lot here anyway so there is no difference other then they do not control the OP.
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August 06, 2014, 03:46:44 PM
 #9631

ok other thread is locked
was happy to help i'm happy dev is back
was never in favour of him leaving bacuase of some other coin
I was asked to do it so i did. I think this will come as a surprise
to lt cagt as i havent heard from him for days  Grin
anyways onwards and upwards!

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tom14cat14
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August 06, 2014, 05:03:00 PM
 #9632

So is Mscollec back as head developer of sync? Can someone tell me why I should trust your guys with my money with a guy who already has shown to be extremely unreliable? Serious question.

He is the PR guy form my understanding. SYNC foundation has been running this coin more then anything.
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August 06, 2014, 05:09:30 PM
 #9633

Have any of the whales in here been asked for a btc addy for profit sharing distributi0n yet?
youngg
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August 06, 2014, 05:10:13 PM
 #9634

If you are a Sync Whale or in the Profits program, then you already received the big news.

Assets, assets and more assets - value of one Sync just doubled again.

'Triple' is next with the 'Coming Soon' additions.

Enjoy your fresh net worth, buy more while you still can.

http://syncfund.com/SyncAssets2.pdf

http://syncfund.com/assets.html

Buy, Hold, Stake, Profit...

Cheers,
Mike
Sync Foundation
www.SyncFund.com

tom14cat14
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August 06, 2014, 05:16:25 PM
 #9635

Have any of the whales in here been asked for a btc addy for profit sharing distributi0n yet?

I just filled out the SYNC profit form. Figured why risk being left behind even though I am sure they would honor it if you were a whale and did sign up for the profit program.
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August 06, 2014, 05:18:47 PM
 #9636

If you are a Sync Whale or in the Profits program, then you already received the big news.

Assets, assets and more assets - value of one Sync just doubled again.

'Triple' is next with the 'Coming Soon' additions.

Enjoy your fresh net worth, buy more while you still can.

http://syncfund.com/SyncAssets2.pdf

http://syncfund.com/assets.html

Buy, Hold, Stake, Profit...

Cheers,
Mike
Sync Foundation
www.SyncFund.com



Great News. Keep it up. Once one of these sells and profits are paid out SYNC will sky rocket. Some people will be waiting on the sideline waiting to see the program wait. Of course unless by that time you will probably be to late for cheap SYNC.
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August 06, 2014, 05:55:08 PM
 #9637

please keep voting for the chinese asain echanges we are so close
to being put on, and I have no doubt there will be plenty
who will want to join sync
keep this in mind Wink

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Jeff Jefferson
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August 06, 2014, 06:10:59 PM
 #9638

is there a nice website/document in chinese explaining sync?
youngg
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August 06, 2014, 06:22:08 PM
Last edit: August 06, 2014, 09:15:41 PM by youngg
 #9639

So is Mscollec back as head developer of sync? Can someone tell me why I should trust your guys with my money with a guy who already has shown to be extremely unreliable? Serious question.

He is the PR guy form my understanding. SYNC foundation has been running this coin more then anything.

This is correct. This old thread is connected to MsCollec's account - that's why we tried a new thread. We will ask BTT to make the switch to another account but they rarely do that.

Until we figure that out, MsCollec must handle thread admin. Lead dev is currently Nite69, Sync Foundation is running most of the show.


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August 06, 2014, 06:23:46 PM
 #9640

is there a nice website/document in chinese explaining sync?

This is something we need ASAP, hoping someone in the community can step up. Anyone?

Make your Sync work for YOU! That means putting in effort to make it better.

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