mmfiore
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June 02, 2015, 03:07:28 PM |
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from what I am reading it sounds like blocks sized between 15 to 30 k work the best. I will give it a try. I am new to this coin and so far it has been interesting coin to read about. looking forward to picking up some more Hyp. Is this coin a coin that can be mined, POW?
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LiteBit
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Merit: 1050
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June 02, 2015, 03:20:11 PM |
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What is the optimal block size for staking?
That has been the question since the project started. I think the answer remains "it depends". I'm combining to 25K for my next few rounds, and see how it goes. Under 5K takes most of forever to stake, so you have to find the balance between your patience level and expected reward. Lower blocks take longer, but you won't always hit the cap. Bigger blocks hit the cap before you're eligible to stake. I suspect there are as many strategies as there are HYP holders. Will i be fine with 7.5-10k? Oh another thing: how do i split blocks in clients that don't have split block feature? You will be fine with this block sizes, but expect an average staking time of 20-25 days(+-). To split blocks manually select a desired block and send a part of it to yourself (to the initial address or another one in your wallet). Got it. So if i wanted them to stake more quickly i'd have to use blocks of 20-25k? Yes, you are right. You can also try 15-20k range to slightly boost the returns in exchange for some time. @Biomech said it best. It's the time-tested balancing act of patience versus satisfaction. - smaller blocks take longer but yield better returns in the long run (closer to 750% annual or whatever it is now) because you're maximizing the # of coins staking for 1000 HYP
ie: 4000 HYP blocks -> yield 1000 HYP : Ratio 4:1 | Unknown factor: Time (9days min. + ?)- bigger blocks take shorter, yield full rewards (1000 HYP) and still yield good returns in the long run (less close to 750% or whatever)
ie: 10,000 HYP blocks -> yield 1000 HYP : Ratio 10:1 | Unknown factor: Time (9days min. + ?)For what it's worth: My blocks range from 3-6k. I've been doing this for months automatically using For the record: My staking wallet is in the top 15 so those sizes work pretty good.
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iantunc
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We are the first to program your future (c)
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June 02, 2015, 04:03:18 PM Last edit: June 02, 2015, 10:09:26 PM by iantunc |
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What is the optimal block size for staking?
That has been the question since the project started. I think the answer remains "it depends". I'm combining to 25K for my next few rounds, and see how it goes. Under 5K takes most of forever to stake, so you have to find the balance between your patience level and expected reward. Lower blocks take longer, but you won't always hit the cap. Bigger blocks hit the cap before you're eligible to stake. I suspect there are as many strategies as there are HYP holders. Will i be fine with 7.5-10k? Oh another thing: how do i split blocks in clients that don't have split block feature? You will be fine with this block sizes, but expect an average staking time of 20-25 days(+-). To split blocks manually select a desired block and send a part of it to yourself (to the initial address or another one in your wallet). Got it. So if i wanted them to stake more quickly i'd have to use blocks of 20-25k? Yes, you are right. You can also try 15-20k range to slightly boost the returns in exchange for some time. @Biomech said it best. It's the time-tested balancing act of patience versus satisfaction. - smaller blocks take longer but yield better returns in the long run (closer to 750% annual or whatever it is now) because you're maximizing the # of coins staking for 1000 HYP
ie: 4000 HYP blocks -> yield 1000 HYP : Ratio 4:1 | Unknown factor: Time (9days min. + ?)- bigger blocks take shorter, yield full rewards (1000 HYP) and still yield good returns in the long run (less close to 750% or whatever)
ie: 10,000 HYP blocks -> yield 1000 HYP : Ratio 10:1 | Unknown factor: Time (9days min. + ?)For what it's worth: My blocks range from 3-6k. I've been doing this for months automatically using For the record: My staking wallet is in the top 15 so those sizes work pretty good. I suppose that the probability distribution is Gaussian, which means that at some point in time a certain block size will cross the line of possibility to stake, and correlation between staking efficiencies is not linear. My blocks are all @ 4k, and I'm getting pretty decent return (~200% annual on average), but I have blocks of more than 110 days old ATM, and some huge drops in stakes in the last days due to the diff that continues to rise. My next selected block size will be 8k. But those who are testing the network always prefer to get their first stakes as faster as they can, and that is where larger sizes come into play.
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AngelLox
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June 02, 2015, 04:31:06 PM |
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Alright. Thanks a lot for the infos. I think i'll go with 20 blocks @12.5k each and see how it handles.
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Hilux74
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June 02, 2015, 04:42:15 PM |
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I have my main wallet with blocks of ~8000-12000. I have ~1.8million HYP and tend to average 4-12 stakes per day (so pile grows by 4-12,000HYP/day in a linear fashion) though last few days have been painfully below average I have just set up another wallet with all blocks at 3000 for fun to see how it compares. With my world famous luck this was likely a bad idea .
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LiteBit
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June 02, 2015, 05:20:18 PM |
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I have my main wallet with blocks of ~8000-12000. I have ~1.8million HYP and tend to average 4-12 stakes per day (so pile grows by 4-12,000HYP/day in a linear fashion) though last few days have been painfully below average I have just set up another wallet with all blocks at 3000 for fun to see how it compares. With my world famous luck this was likely a bad idea . It'll be a good experiment and I'm sure it won't be that bad an idea... you just may not have comparable data until 3 months from now I just looked at my stake history with 3-6k block ranges and I'm staking between 16-20 stakes per day (95% are full 1000 HYP). Your experiment won't throw you off too bad and it'll be interesting to see the results! Side note: I haven't noticed a reduction in blocks due to difficulty. I wonder if it affects larger blocks more than smaller blocks?
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a_cat_named_joe
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June 02, 2015, 08:55:24 PM |
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Ha! Most of you seem to be doubling your block sizes and in line with that the difficulty has doubled!!! Is this leading to Nowheresville?
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iantunc
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We are the first to program your future (c)
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June 02, 2015, 09:07:27 PM Last edit: June 02, 2015, 09:42:25 PM by iantunc |
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I have my main wallet with blocks of ~8000-12000. I have ~1.8million HYP and tend to average 4-12 stakes per day (so pile grows by 4-12,000HYP/day in a linear fashion) though last few days have been painfully below average I have just set up another wallet with all blocks at 3000 for fun to see how it compares. With my world famous luck this was likely a bad idea . It'll be a good experiment and I'm sure it won't be that bad an idea... you just may not have comparable data until 3 months from now I just looked at my stake history with 3-6k block ranges and I'm staking between 16-20 stakes per day (95% are full 1000 HYP). Your experiment won't throw you off too bad and it'll be interesting to see the results! Side note: I haven't noticed a reduction in blocks due to difficulty. I wonder if it affects larger blocks more than smaller blocks? I need to correct myself, the recent falloff in my stakes is not a tendency, that were just some lower ranges. The diff rises gradually, and, imho, the speed will slowly decrease over time because of the ratio of daily to total supply. All blocks are equal for the Chance. But theoretical possibility to reach the point in time for some block sizes threshold where blocks below it can stuck for ages, I think, exists. Edit: My blocks are @ 4k, not 4000k
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iantunc
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We are the first to program your future (c)
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June 02, 2015, 09:13:30 PM |
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Ha! Most of you seem to be doubling your block sizes and in line with that the difficulty has doubled!!! Is this leading to Nowheresville? When the total number of blocks is reduced, the rise of the diff slows down and can even start to decline.
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billotronic
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Crackpot Idealist
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June 02, 2015, 10:46:52 PM |
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Idunk and myself are under the thinking that smaller and thus more blocks is better then larger ones. I can't speak for him, but my split is set at 1k and most of my blocks are under 3k...
ONE of these days I wanted to set up two DO droplets and have a controlled experiment for a few months... maybe this would be a good time to get off my ass and set that up.
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mafort1469
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June 03, 2015, 02:29:37 AM |
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Idunk and myself are under the thinking that smaller and thus more blocks is better then larger ones. I can't speak for him, but my split is set at 1k and most of my blocks are under 3k...
ONE of these days I wanted to set up two DO droplets and have a controlled experiment for a few months... maybe this would be a good time to get off my ass and set that up.
Yep, no time like RIGHT now. I have set my timer. I expect a report come September 1st!
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AngelLox
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June 03, 2015, 10:50:17 AM |
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Mmm. I'll stake for a month with 25 10k blocks and see how it goes. Can i expect to make atleast 25-30%?
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Crestington
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June 03, 2015, 11:51:44 AM |
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Idunk and myself are under the thinking that smaller and thus more blocks is better then larger ones. I can't speak for him, but my split is set at 1k and most of my blocks are under 3k...
ONE of these days I wanted to set up two DO droplets and have a controlled experiment for a few months... maybe this would be a good time to get off my ass and set that up.
Yep, no time like RIGHT now. I have set my timer. I expect a report come September 1st! Smaller Blocks have an advantage because of larger drops in difficulty from people moving big chunks of coins so early on in the drop, there will be lots of smaller Blocks that can Stake. It's a lottery so it's better to have more tickets.
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iantunc
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We are the first to program your future (c)
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June 03, 2015, 01:33:47 PM Last edit: June 04, 2015, 07:48:26 PM by iantunc |
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Idunk and myself are under the thinking that smaller and thus more blocks is better then larger ones. I can't speak for him, but my split is set at 1k and most of my blocks are under 3k...
ONE of these days I wanted to set up two DO droplets and have a controlled experiment for a few months... maybe this would be a good time to get off my ass and set that up.
Yep, no time like RIGHT now. I have set my timer. I expect a report come September 1st! Smaller Blocks have an advantage because of larger drops in difficulty from people moving big chunks of coins so early on in the drop, there will be lots of smaller Blocks that can Stake. It's a lottery so it's better to have more tickets. It's a lottery where you can select winning numbers from a huge set of numbers and some of the numbers from this set have much more lotto balls than others (and this proportion slowly but constantly changes). Smaller blocks certainly have an advantage but their size should be sometimes adjusted to comply with the diff minimum extremes, otherwise their return will be diminished by the waiting time and you will lose compounding.
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LiteBit
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June 03, 2015, 01:36:20 PM |
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Mmm. I'll stake for a month with 25 10k blocks and see how it goes. Can i expect to make atleast 25-30%?
25 * 10k = 250,000 HYP will yield at the most 25,000 HYP (9 +/- 6 days stake) + 27,500 HYP (9 +/- 6 days stake) = 52,500 HYP 52,500 HYP / 250,000 HYP= ~21% increase in 30 days.25 * 10k = 250,000 HYP will yield at the least 25,000 HYP (9 +/- 21 days stake) = 25,000 HYP 25,000 HYP / 250,000 HYP= ~10% increase in 30 days.It's a lottery so it's better to have more tickets.
I like this analogy!
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mafort1469
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June 03, 2015, 10:35:22 PM |
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Mmm. I'll stake for a month with 25 10k blocks and see how it goes. Can i expect to make atleast 25-30%?
25 * 10k = 250,000 HYP will yield at the most 25,000 HYP (9 +/- 6 days stake) + 27,500 HYP (9 +/- 6 days stake) = 52,500 HYP 52,500 HYP / 250,000 HYP= ~21% increase in 30 days.25 * 10k = 250,000 HYP will yield at the least 25,000 HYP (9 +/- 21 days stake) = 25,000 HYP 25,000 HYP / 250,000 HYP= ~10% increase in 30 days.It's a lottery so it's better to have more tickets.
I like this analogy! Yes, this is alright. I have had my blocks at 25k now for some time. Any new stakes I get I am making the block size 5k. I have the data I need for 25k block staking and will let you know in a few months on the 5k block size. Granted diff has gone up from AVG 30 to sometimes 50 now, but still a good experiment to run.
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Ztraven
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June 04, 2015, 12:59:25 AM Last edit: June 04, 2015, 01:45:00 AM by Ztraven |
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A coin control question to experienced HyperStake users: Are the estimated days to a block staking reasonably accurate?
In the coin control list mode I'm getting estimates of between 50-64 days for individual matured blocks to stake,while on the syncing wheel at the front of the wallet console, I'm getting 3-5 days and 2-4 days to staking.
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billotronic
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June 04, 2015, 01:44:57 AM |
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For a non-technical answer, I'd say yes to both.
Presstab could answer this a shit ton better but looking at what it shows me in both spots it's usually pretty close. They are both estimates of course, but I know press but a good deal of work into trying to get both of those figures to be a close as possible.
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iantunc
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We are the first to program your future (c)
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June 04, 2015, 01:45:12 AM |
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A coin control question to experienced HyperStake users: Are the estimated days to a block staking reasonably accurate?
In the coin control list mode I'm getting estimates between 50-60 days for individual matured blocks to stake,while on the syncing wheel at the front of the wallet console, I'm getting 3-5 days and 2-4 days to staking.
The individual block staking time estimate shows a possible average time of successful hashing for this block size. It's the most accurate for fresh blocks with a close to zero age. And the minting status icon shows an estimated time for the next stake, i.d. in what time from now you can expect one of your blocks to stake.
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Ztraven
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June 04, 2015, 02:01:16 AM Last edit: June 04, 2015, 04:24:55 AM by Ztraven |
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@billotronic and @iantunc
Thanks. I am experimenting with a range of block sizes from 4,000 to 13,000.
All my 4,000-sized blocks have passed the 10 day mark and are now mature, ready for staking. Individually, they are currently showing an estimated 60+ days to stake and have a 'High' priority. I suspect that might not be high enough for them to ever stake, especially if the current degree of difficulty becomes the norm.
It will be interesting to see if any of my other block sizes stake in the next 3-5 days. At the moment they are all less than 5 days old. According to the coin control, the nearest block to staking is a 13,000-sized block which is showing an estimated 25.71 days to stake.
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