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merk475
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July 18, 2014, 02:20:14 PM |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.) Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear. I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game. But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network. I keep my wallet open 24/7. It is encrypted but unlocked for staking. Though I heard there was a glitch where a payment can be sent even with it locked without having to retype your password. |
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Even in the event that an attacker gains more than 50% of the network's
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JakeThePanda
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July 18, 2014, 02:22:19 PM |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.) Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear. I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game. But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network. I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins. |
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cryptico
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July 18, 2014, 02:23:56 PM |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.) Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear. I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game. But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network. I don't leave the wallet online with all coins yet as the Ulocking "just for Staking" still does let me send coins withouth putting the password, hence if someone hacks coins are fucked |
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madmanbts
Member
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Activity: 70
Merit: 10
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July 18, 2014, 02:47:59 PM |
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You have asked this in the past and it was answered by synechist... If you have a truly anonymous coin, as XC is, these markets will find you and develop their own system keeping the coin out of the seedy business and making it mainstream for other merchants. I would also encourage those who don't think your fudding to read your post on cloak... You are pretty much for drugs and weapons...I do believe you say you would draw the line at murder and child porn. XCurrency, which has a name that is benign to the masses, has a wide platform, and can be used easily, will be a much better alternative to a coin with a mystic name that will be used on a captive market where the products for sale are voted up or down by those receiving fees for transactions
Thanks for your reply, I see you have done you research. Yes, I did had an exchange of replys with synerchist and I value his opinion. However I was trying to gauge at the community perspective on this matter so I needed to bring up the discussion again. You can rest assured I will not bring it up again, as it has been clearly dismissed. I also encourage others to read my other posts on the cloak forum. Just as a clarification, it is not me who is for drugs and weapons, but I was merely saying that except for child abuse, murder and theft, things that are considered illegal no matter where you look, everything else can be bought legally somewhere on the earth. Weapons can be bought legally in US, drugs can be legally bought in parts of EU and US and so on. I have said this in the context of how would regulation work on a decentralized market, by what laws would one regulate what is legal and what is illegal, considering that this would be a world market not subject to any particular set of laws. I thank everyone who has participated in this discussion, I consider my questions answered. |
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holyprofit
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July 18, 2014, 03:03:02 PM |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.) Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear. I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game. But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network. I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins. If it's unlocked for staking I think you still need a password to send coins don't you? |
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cryptico
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July 18, 2014, 03:07:32 PM |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.) Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear. I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game. But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network. I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins. If it's unlocked for staking I think you still need a password to send coins don't you? You Should In Theory but in Practice it does not require it. Try it out for yourself. It was a bug that has not been fixed yet to my knowledge but I did not check in the last wallet releases. |
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merk475
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July 18, 2014, 03:10:03 PM |
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If it's unlocked for staking I think you still need a password to send coins don't you?
You Should In Theory but in Practice it does not require it. Try it out for yourself. It was a bug that has not been fixed yet to my knowledge but I did not check in the last wallet releases. I'm the same. Have not tried to send any coins with the updated XCurrency wallet. I know with the older X11 wallet, it did not work correctly. |
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laredo7mm
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July 18, 2014, 03:10:51 PM
Last edit: July 18, 2014, 03:59:03 PM by laredo7mm |
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up to 30 days before wallet stakes mate, ive been going a good while on mine now and only had a few.. They will come though... I have not "optimised" my coins either for staking.....
OK - ty. Do you know why the wallet says 14 hrs until reward though? What does that mean? That number is an estimate. I don't know if it is accurate or not, but like Teka said, it is a lottery of sorts. You have your weight and the network weight. I think those are what determine your "time until reward." I view it like solo mining. Your weight is your hashrate, and the network rate is the difficulty. You can run the calculations and it says you should find a block every 14 hours, but we all know, there is a lot of variance when mining/minting. So you could find 20 blocks in a day and then go 10 days before finding the next one. Staking is working fine for me. I have staked more than 300 XC since PoS blocks started (which was before the end of PoW). |
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holyprofit
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July 18, 2014, 03:15:59 PM |
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Staking:
I don't know why people have a hard time staking. I typically unlock my wallet once every couple of weeks and it stakes rather quickly. I think the people that have a hard time staking are people that are impatient and want to stake quickly because they want to sell their coins. It's so simple if you have the patience.
I'm not impatient I just want to know how it works - and to understand what the wallet is telling me which seems to contradict the 8hrs to 30 days story. Perhaps I'm confusing minting and staking? (If I wanted to sell my coins to trade them I obviously wouldn't bother waiting around 30 days just for 0.3% bonus.) Anyway as I understand it I simply unlock my wallet every week and if the coins have staked then it will appear. I don't pay attention to the timer. Pick one night every 2 weeks or so and unlock your wallet. Lock it back up when it's done. Easy game. But how do you keep the network moving if this is everyones plan? Wallets should be unlocked for staking always, or at least have a separate wallet with a portion of your coins to stake and protect the network. I didn't say it was everyone's plan, it's mine. I'm not keeping my wallet open all the time until we figure out how to keep the wallet unlocked and still need a password to send coins. If it's unlocked for staking I think you still need a password to send coins don't you? You Should In Theory but in Practice it does not require it. Try it out for yourself. It was a bug that has not been fixed yet to my knowledge but I did not check in the last wallet releases. Oh I see! I'll give it a go. Last time when I transferred coins to myself (to different addresses) it did ask for a password, but maybe I could have just pressed enter. |
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merk475
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July 18, 2014, 03:16:44 PM |
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^^^^ Laredo.....you are a staking GOD!
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demgains
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July 18, 2014, 04:09:12 PM |
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up to 30 days before wallet stakes mate, ive been going a good while on mine now and only had a few.. They will come though... I have not "optimised" my coins either for staking.....
OK - ty. Do you know why the wallet says 14 hrs until reward though? What does that mean? That number is an estimate. I don't know if it is accurate or not, but like Teka said, it is a lottery of sorts. You have your weight and the network weight. I think those are what determine your "time until reward." I view it like solo mining. Your weight is your hashrate, and the network rate is the difficulty. You can run the calculations and it says you should find a block every 14 hours, but we all know, there is a lot of variance when mining/minting. So you could find 20 blocks in a day and then go 10 days before finding the next one. Staking is working fine for me. I have staked more than 300 XC since PoS blocks started (which was before the end of PoW). 300!! wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal |
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laredo7mm
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July 18, 2014, 04:13:44 PM |
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300!!
wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal
I started mining 3 hours after launch. Wish I could have gotten out of work early to switch my mining rig over sooner.  |
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oblox
Legendary
Offline
Activity: 1442
Merit: 1018
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July 18, 2014, 04:19:45 PM |
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300!!
wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal
I started mining 3 hours after launch. Wish I could have gotten out of work early to switch my mining rig over sooner. Recommend teamviewer for situations like that. |
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laredo7mm
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July 18, 2014, 04:27:42 PM |
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300!!
wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal
I started mining 3 hours after launch. Wish I could have gotten out of work early to switch my mining rig over sooner. Recommend teamviewer for situations like that. I hear ya. I should have had some sort of remote connection to my mining rig. If I ever fire it back up, I won't make that mistake again. All I did for monitoring was to run a cron job PhP and had the results uploaded to a website. I could see my machines running, but not change anything. At the time it seemed like a good solution.  |
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demgains
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July 18, 2014, 04:29:23 PM |
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300!!
wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal
I started mining 3 hours after launch. Wish I could have gotten out of work early to switch my mining rig over sooner. u must have a high coin count to accumulate that kind of interest in so little time  |
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laredo7mm
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July 18, 2014, 04:34:14 PM |
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300!!
wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal
I started mining 3 hours after launch. Wish I could have gotten out of work early to switch my mining rig over sooner. u must have a high coin count to accumulate that kind of interest in so little time My first PoS block was on 05/18/2014. Two months ago today. Damn, time does fly by. |
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demgains
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July 18, 2014, 04:49:25 PM |
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300!!
wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal
I started mining 3 hours after launch. Wish I could have gotten out of work early to switch my mining rig over sooner. u must have a high coin count to accumulate that kind of interest in so little time My first PoS block was on 05/18/2014. Two months ago today. Damn, time does fly by. is your wallet unlocked 24/7? |
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laredo7mm
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July 18, 2014, 04:53:49 PM |
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300!!
wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal
I started mining 3 hours after launch. Wish I could have gotten out of work early to switch my mining rig over sooner. u must have a high coin count to accumulate that kind of interest in so little time My first PoS block was on 05/18/2014. Two months ago today. Damn, time does fly by. is your wallet unlocked 24/7? Unlocked for staking only, yes. I get staked coins multiple times a day. |
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demgains
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July 18, 2014, 05:17:37 PM |
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300!!
wtf i will be happy if i got an extra 20 coins in the next 4 weeks. I just started 3 days ago though after the news about Mintpal
I started mining 3 hours after launch. Wish I could have gotten out of work early to switch my mining rig over sooner. u must have a high coin count to accumulate that kind of interest in so little time My first PoS block was on 05/18/2014. Two months ago today. Damn, time does fly by. is your wallet unlocked 24/7? Unlocked for staking only, yes. I get staked coins multiple times a day. wow I'm jealous, I'll admit that |
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tr8kr
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July 18, 2014, 05:40:42 PM |
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up to 30 days before wallet stakes mate, ive been going a good while on mine now and only had a few.. They will come though... I have not "optimised" my coins either for staking.....
OK - ty. Do you know why the wallet says 14 hrs until reward though? What does that mean? That number is an estimate. I don't know if it is accurate or not, but like Teka said, it is a lottery of sorts. You have your weight and the network weight. I think those are what determine your "time until reward." I view it like solo mining. Your weight is your hashrate, and the network rate is the difficulty. You can run the calculations and it says you should find a block every 14 hours, but we all know, there is a lot of variance when mining/minting. So you could find 20 blocks in a day and then go 10 days before finding the next one. Staking is working fine for me. I have staked more than 300 XC since PoS blocks started (which was before the end of PoW). You must have more than 60k Xc for 300xc interest but i think you have more than 100k Xc ! |
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