[HYP] HyperStake | Generous Reward Staking | Advanced Staking Controls & Wallet

[David Latapie]

HyperLoan round 6
What is HyperLoan? • HyperLoan logs

How to increase your chances:

• Every week, you get a +1
• Contributions give you an edge. This is subjective, you could win above a +10 with an excellent contribution
• Being recognized as active or worthy by the community
• Dedicated address in the list (not necessary to populate it with faucet): priority
• Other?

How to decrease your chances:

• Having less than 100 posts at the time registering will get a -1

Candidates:

• +4 eatthetree3 - p9qwRDJz8Rm7Xexfq4BiYJNqJJfKLwcPWA (42 posts)
• +4 kronicblazer (on IRC)
• +4 blitz78
• +4 coinmaster222
• +4 worhiper_-_
• +3 semidead (56 posts)
• +2 johan11 (via PM)
• +3 Tpruvot (via Wikia, a first!)
• +1 diabanhxeo - pAXaGf6oNNJevd6pnQGoJP4UFU7mXbpNG6 (45 posts)
• m33 - pKNBvmDS3UMce4epLNB8vJnhUFkmugN5rD (94 posts)
• +1 shadowmoon (via PM)
• PryptoMontreal (via PM) - pFE1BUZRTVferkv1EZfU2gBLcQEqNL5Bmg

(delisted: kliown for begging; mailmansDOGE for account stolen)

What you, as a winner (not just a candidate) will have to do:

1. Create a dedicated address (if this is not already done) in your wallet and post it on the forum, so that anyone can track the progress. If you don't know how to do so, just ask on the forum
2 Once you have received the 4K HYP, you will start posting on HyperLoan logs about your feedback. It can be just one posts several posts tracking your increasing understanding of HyperStake, questions... and of course, everyone can post there too.
3. At the end of the 30 days, you will send the principal (4k) back to the originating address pHypLoanFPWT6awN1TYRQ4v3wD3yY1n8KT (courtesy of iDunk).

Happy loaning, happy stacking!

[1714613918]

1714613918

[1714613918]

1714613918

[foroplus]

Thanks David, I'm longing for the loan

[PryptoMontreal]

Great coin and this Hyperloan project is a very good idea. I have created my address and sent you a PM David.

[David Latapie]

Thanks David, I'm longing for the loan

Sent. Don't forget to post on HyperLoan logs.

[presstab]

I had actually checked out the thread before, but never realized this. So I read the OP and am not sure I fully understand. The money supply increases 750% per year? I can't really see how inflation is controlled in that case.

There is a maximum reward of 1,000 HYP per stake. Difficulty targets 1 block/stake per 90 seconds, this translates to 960 blocks/stake per day.  This difficulty targets it quite well, as of this moment the last 960 blocks is 1.01 days. If there are 960 blocks in one day, this means that if everyone stakes the maximum amount in one day, it will be 960k HYP added per day.  That is what we call "max generation" around here.

It is most likely that we never will hit a full 960k in one day, because everyone will size down there coin blocks so that they won't hit the 1k limit.  As time goes on, the coin supply grows larger, yet the max reward stays the same.  This means that overtime the coin supply grows less % everyday after we approach the max generation.

In the last day we have added about 610k HYP, about 63% of the maximum generation.

So the entire inflation control mechanism is based around time (long term), and a constant (max reward) becoming less and less compared to a variable (coin supply).

If we suppose that everyday from now on that max generation will occur (again this is unlikely, we are only 63% there so far), this is what the schedule of daily inflation rate will look like over the next two years.

[David Latapie]

I would like to thank iDunk for providing a vanity address for HyperLoan:  pHypLoanFPWT6awN1TYRQ4v3wD3yY1n8KT

Certainly, he could have kept the private key (I imported the private key in my wallet - yes, you can exchange addresses and their content that way, check the importprivkey and dumpprivkey commands in help > debug > console). I will just trust him to be honest - plus, since he is the only one except me to know the privkey, if money disappear, it will be easy to locate the thief Finally, there is not that much money on HyperLoan, even if everyone gives the money back and less people ask for the HyperLoan.

So, thank you iDunk!

[LiteBit]

It is most likely that we never will hit a full 960k in one day, because everyone will size down there coin blocks so that they won't hit the 1k limit....  

What does this mean?
Should I resize my blocks BEFORE they hit 1000?

[David Latapie]

It is most likely that we never will hit a full 960k in one day, because everyone will size down there coin blocks so that they won't hit the 1k limit....  

What does this mean?
Should I resize my blocks BEFORE they hit 1000?

Just that people will create block of smaller and smaller size as time goes by. Earlier in the game, you could have blocksize of 4200 with no much risk of hitting the limit. Now, even 3600 hits the limit and 3300 is not safe anymore. Personally, I use 2400 but one day, even 2400 will be too high.
This also means more and more blocks - because there is more coins and also because there is a bigger difficulty, which encourages to create more blocks of smaller size (rather that less blocks of bigger size). The network is even more secure! See my long post about this, inflation control and network security.

Bottom line: keep yourself informed about the optimal size at a given moment, the size other HYPsters considered the best according to their feedback.

For the moment:

• Agressive: 4000
• Normal: 3300
• Conservative: 2400

[presstab]

It is most likely that we never will hit a full 960k in one day, because everyone will size down there coin blocks so that they won't hit the 1k limit....  

What does this mean?
Should I resize my blocks BEFORE they hit 1000?

It means that you want to have small enough coin blocks that they have a reasonable amount of time to accumulate stake reward before they will hit the limit.  Try using the built in stake calculator.  A coin block of 1,600 HYP can go for 30 days without hitting 1k reward. A coin block of 2,500 HYP will hit the max if it doesn't stake within 20 days.

So you decide whats best for you. It is a play between "how fast do I want to stake" and "how much do I want to avoid the max reward".

[kingpin69]

It is most likely that we never will hit a full 960k in one day, because everyone will size down there coin blocks so that they won't hit the 1k limit....  

What does this mean?
Should I resize my blocks BEFORE they hit 1000?

there is a maximum stake reward of 1000HYP per block, therefore the higher difficulty goes the longer your block takes to stake, and the more age your block grows the more chance you have of hitting the reward cap.

so in answer to your question, block sizes of around 2-3k HYP each are good right now, any more and you will hit the cap more often than not and any less and you risk losing compounding. Do not resize blocks if you see them getting towards the max reward as it will reset the age of them and you will have to wait another 8.8 days for it to be eligible to begin competing to stake.

Nice work on that graph presstab, should help some of the naysayers see the concept behind the long term inflation control

[presstab]

I would like to thank iDunk for providing a vanity address for HyperLoan:  pHypLoanFPWT6awN1TYRQ4v3wD3yY1n8KT

Certainly, he could have kept the private key (I imported the private key in my wallet - yes, you can exchange addresses and their content that way, check the importprivkey and dumpprivkey commands in help > debug > console). I will just trust him to be honest - plus, since he is the only one except me to know the privkey, if money disappear, it will be easy to locate the thief Finally, there is not that much money on HyperLoan, even if everyone gives the money back and less people ask for the HyperLoan.

So, thank you iDunk!

AWESOME VANITY ADDRESS - sent a small amount over to it 

[LiteBit]

It is most likely that we never will hit a full 960k in one day, because everyone will size down there coin blocks so that they won't hit the 1k limit....  

What does this mean?
Should I resize my blocks BEFORE they hit 1000?

Just that people will create block of smaller and smaller size as time goes by. Earlier in the game, you could have blocksize of 4200 with no much risk of hitting the limit. Now, even 3600 hits the limit and 3300 is not safe anymore. Personally, I use 2400 but one day, even 2400 will be too high.
This also means more and more blocks - because there is more coins and also because there is a bigger difficulty, which encourages to create more blocks of smaller size (rather that less blocks of bigger size). The network is even more secure! See my long post about this, inflation control and network security.

Bottom line: keep yourself informed about the optimal size at a given moment, the size other HYPsters considered the best according to their feedback.

For the moment:

• Agressive: 4000
• Normal: 3300
• Conservative: 2400

Thanks everyone. Makes sense now.
Silly question but say I've got a number of ~1600 blocks staking right now. Do the staked coins join each block once either the 1000 limit hits or 30 day limit hits (whichever happens first)?

I guess I'm asking is it an instant addition of coins to the wallet and then I need to re-calculate new blocks and repeat?

[presstab]

Thanks everyone. Makes sense now.
Silly question but say I've got a number of ~1600 blocks staking right now. Do the staked coins join each block once either the 1000 limit hits or 30 day limit hits (whichever happens first)?

I guess I'm asking is it an instant addition of coins to the wallet and then I need to re-calculate new blocks and repeat?

In the newest version of the wallet you can tell it what to do. It is called "splitstakethreshold" and is in the RPC commands.  If you set the threshold to 1,000 (default setting in new wallet) it means that it will take your full reward and old block amount, and if it is over 2,000 HYP it will make them into two blocks. If the full amount was less than 2,000 it would combine them as one block.

So you think of the threshold number as the minimum block size it will make if it splits.

[billotronic]

Thanks everyone. Makes sense now.
Silly question but say I've got a number of ~1600 blocks staking right now. Do the staked coins join each block once either the 1000 limit hits or 30 day limit hits (whichever happens first)?

I guess I'm asking is it an instant addition of coins to the wallet and then I need to re-calculate new blocks and repeat?

In the newest version of the wallet you can tell it what to do. It is called "splitstakethreshold" and is in the RPC commands.  If you set the threshold to 1,000 (default setting in new wallet) it means that it will take your full reward and old block amount, and if it is over 2,000 HYP it will make them into two blocks. If the full amount was less than 2,000 it would combine them as one block.

So you think of the threshold number as the minimum block size it will make if it splits.

and it saves to the wallet!!!! man I LOVE that... one less thing for me to forget to do!

[LiteBit]

Thanks everyone. Makes sense now.
Silly question but say I've got a number of ~1600 blocks staking right now. Do the staked coins join each block once either the 1000 limit hits or 30 day limit hits (whichever happens first)?

I guess I'm asking is it an instant addition of coins to the wallet and then I need to re-calculate new blocks and repeat?

In the newest version of the wallet you can tell it what to do. It is called "splitstakethreshold" and is in the RPC commands.  If you set the threshold to 1,000 (default setting in new wallet) it means that it will take your full reward and old block amount, and if it is over 2,000 HYP it will make them into two blocks. If the full amount was less than 2,000 it would combine them as one block.

So you think of the threshold number as the minimum block size it will make if it splits.

and it saves to the wallet!!!! man I LOVE that... one less thing for me to forget to do!

Cool! I'll look in the RPC commands and fool around with it over the long weekend.

[nioc]

Thanks everyone. Makes sense now.
Silly question but say I've got a number of ~1600 blocks staking right now. Do the staked coins join each block once either the 1000 limit hits or 30 day limit hits (whichever happens first)?

I guess I'm asking is it an instant addition of coins to the wallet and then I need to re-calculate new blocks and repeat?

In the newest version of the wallet you can tell it what to do. It is called "splitstakethreshold" and is in the RPC commands.  If you set the threshold to 1,000 (default setting in new wallet) it means that it will take your full reward and old block amount, and if it is over 2,000 HYP it will make them into two blocks. If the full amount was less than 2,000 it would combine them as one block.

So you think of the threshold number as the minimum block size it will make if it splits.

and it saves to the wallet!!!! man I LOVE that... one less thing for me to forget to do!

Except that when you restart your wallet I see no way to see if <setstakesplitthreshold > is set correctly.  When you set it it says it is saving it and either you trust that it did or you do what I do and set it again when restarting the wallet.

[presstab]

Thanks everyone. Makes sense now.
Silly question but say I've got a number of ~1600 blocks staking right now. Do the staked coins join each block once either the 1000 limit hits or 30 day limit hits (whichever happens first)?

I guess I'm asking is it an instant addition of coins to the wallet and then I need to re-calculate new blocks and repeat?

In the newest version of the wallet you can tell it what to do. It is called "splitstakethreshold" and is in the RPC commands.  If you set the threshold to 1,000 (default setting in new wallet) it means that it will take your full reward and old block amount, and if it is over 2,000 HYP it will make them into two blocks. If the full amount was less than 2,000 it would combine them as one block.

So you think of the threshold number as the minimum block size it will make if it splits.

and it saves to the wallet!!!! man I LOVE that... one less thing for me to forget to do!

Except that when you restart your wallet I see no way to see if <setstakesplitthreshold > is set correctly.  When you set it it says it is saving it and either you trust that it did or you do what I do and set it again when restarting the wallet.

try getstakesplitthreshold

edit - just noticed that it shows up out of order in the rpc command list    Shows up as setstakesplitthreshold   

[iantunc]

I had actually checked out the thread before, but never realized this. So I read the OP and am not sure I fully understand. The money supply increases 750% per year? I can't really see how inflation is controlled in that case.

There is a maximum reward of 1,000 HYP per stake. Difficulty targets 1 block/stake per 90 seconds, this translates to 960 blocks/stake per day.  This difficulty targets it quite well, as of this moment the last 960 blocks is 1.01 days. If there are 960 blocks in one day, this means that if everyone stakes the maximum amount in one day, it will be 960k HYP added per day.  That is what we call "max generation" around here.

It is most likely that we never will hit a full 960k in one day, because everyone will size down there coin blocks so that they won't hit the 1k limit.  As time goes on, the coin supply grows larger, yet the max reward stays the same.  This means that overtime the coin supply grows less % everyday after we approach the max generation.

In the last day we have added about 610k HYP, about 63% of the maximum generation.

So the entire inflation control mechanism is based around time (long term), and a constant (max reward) becoming less and less compared to a variable (coin supply).

If we suppose that everyday from now on that max generation will occur (again this is unlikely, we are only 63% there so far), this is what the schedule of daily inflation rate will look like over the next two years.

Press, I have added an entry based on this post to the main (Introduction) section of HyperStake Wiki. Hope you don't mind

[presstab]

Press, I have added an entry based on this post to the main (Introduction) section of HyperStake Wiki. Hope you don't mind

Awesome thanks for doing that!

[qiwoman2]

Can someone give me a good long term strategy for HYP? I am now nearly back to 30k coins just got to grab 3 more K..I started with 19k most bought at 6-8k sats, few k were bounty as well..Now I had to sell a few last week but got them nearly all back now. I was thinking to grow them to 100k if possible through staking and buying a few more then begin say taking out 30% roi from my stake and grow/ compound the other 70%..Is this idea any good? Or are there better strategies for long term growth plus turning over a profit?..