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

[RiotMachine]

Hey everybody, I'm new to HyperStake and this whole staking process.  I've dealt with DiamondCoin, and most recently Neucoin, but in general I still don't fully understand the staking process.  I've been hearing about splitting blocks and what not, I have no idea what that means or why it would benefit you.  Also, if I don't activate multisend, will it still send all minted coins to my address, or will I have to activate multisend and have it send 100% to my address?  Sorry for the rookie questions, but if anybody gets spare time to explain it to me, I would greatly appreciate it.  Thanks in advance for any help!!

[Biomech]

Hey everybody, I'm new to HyperStake and this whole staking process.  I've dealt with DiamondCoin, and most recently Neucoin, but in general I still don't fully understand the staking process.  I've been hearing about splitting blocks and what not, I have no idea what that means or why it would benefit you.  Also, if I don't activate multisend, will it still send all minted coins to my address, or will I have to activate multisend and have it send 100% to my address?  Sorry for the rookie questions, but if anybody gets spare time to explain it to me, I would greatly appreciate it.  Thanks in advance for any help!!

go on IRC, ##hyperstake. Or hit me with a PM. I don't have time this minute, and most of us have already covered this ground, but it is a lot of reading I'm willing to help, just not right this minute. A lot of what you're reading is optional, but the strategies are good to know. Some of it you really need to know if you're gonna play the staking game.

[iantunc]

Hey everybody, I'm new to HyperStake and this whole staking process.  I've dealt with DiamondCoin, and most recently Neucoin, but in general I still don't fully understand the staking process.  I've been hearing about splitting blocks and what not, I have no idea what that means or why it would benefit you.  Also, if I don't activate multisend, will it still send all minted coins to my address, or will I have to activate multisend and have it send 100% to my address?  Sorry for the rookie questions, but if anybody gets spare time to explain it to me, I would greatly appreciate it.  Thanks in advance for any help!!

Proof-of-Stake maintains network security by destroying coin age (which is also called coin-days or the weight) that is constituted of an amount of coins in each unspent incoming transaction (unspent transaction output (UTXO) or, for simplicity, a block) multiplied by days they weren't moved. When the weight of your block is big enough to overcome the difficulty, i.e., your block was lucky to be hashed with a successful result, a special automatic transaction (coinstake transaction) to yourself is made which gives you the reward (so you don't need to worry about MultiSend) and signs the network block in the blockchain. In case of HyperStake this reward has 750% annual rate (2.05% per day) but is capped at 1000 HYP. This means that if your block has the superfluous weight, it will be wasted. For example, a block of 1M will give you 1000 HYP in 9 days. But if you split it into 10 parts of 100K, they will give you 1000 HYP each, and still in ~9 days, because their weight will be still more than sufficient to find the hash quickly (for today's difficulty). You can continue splitting until you get a comfortable block size which can stake in a reasonable time. As a result your average return will be much more bigger comparing to the One block with the superfluous weight strategy.

[RiotMachine]

Thank you iantunc for the detailed response, I cannot tell you how much that this will help me!!  It's great to see there are people like you and biomech that are so willing to help new people like myself your help is greatly appreciated!  I'm excited to become part of the HyperStake community.

[presstab]

New commit allows for use of MultiSend transactions inside of your coinstake transaction.
https://github.com/hyperstake/HyperStake/commit/44f7febc9b549a1fc6ad7e9c52f2ba05509482a7

Inspired from some of dooglus work on Clam.

[fragilefungi]

HYP is still a great coin to stake!  I can't wait for a new wallet with better multisend features.  The problem with it right now is that when a block splits, multisend only takes the reward out of one of the two transactions.  When the coins are sent inside of the coinstake transaction, it should take them out evenly in the event of a split.

[cryptonit]

consider to get in touch with https://staisybit.com
great new service that allow webwallets that are able to stake for POS able coins

for now its just a webwallet that can stake

but later on it will be linked with android apps and marketplaces too

i think now when this company is in the startup phase its maybe possible even a small coin can get added

later on it will be very difficult for small coins get a slot i guess

[presstab]

Small error in the code from the last commit has caused for every stake to split if you have multisend enabled. This is fixed here: https://github.com/hyperstake/HyperStake/commit/0dde1761cd80ecd48abb7b8cf9a73b215970c704

[ruddsd01]

Smaller block sizes seem to be the ticket for me.
I seem to have reached some critical mass where I'm staking at least once per day.
This is a good thing!

[fragilefungi]

The only possible benefit to large blocks is better liquidity.  Small blocks for me all the way!

[Trimegistus]

The only possible benefit to large blocks is better liquidity.  Small blocks for me all the way!

I'm using 10k blocks and I  get a few stakes everyday :-)

[fragilefungi]

two of my last three stakes were uncapped   

[Trimegistus]

two of my last three stakes were uncapped   

You must have waited a loooong time for those uncapped stakes 

[fragilefungi]

two of my last three stakes were uncapped   

You must have waited a loooong time for those uncapped stakes 

That is true... but not as long if they would have been capped   

[Trimegistus]

That is true... but not as long if they would have been capped   

That's not my understanding of how PoS works. The bigger the blocks the higher the chances of getting a stake. If you stake a 1000 HYP block you'll get an uncapped stake, but you'll have a very low probability of getting a stake, therefore you'll have to wait a long time.

If you stake a 10k HYP block, you'll hit the 1000 HYP cap but your chances are much higher, thus the waiting will be theoretically much shorter.

That's why I have my splitthreshold at 10k. I always get capped stakes but it appears to be a reasonable size for my blocks in light of the current difficulty.

[kevin1234a]

what a bad luck 2 months 2 stake 2 orphans

[billotronic]

That is true... but not as long if they would have been capped   

That's not my understanding of how PoS works. The bigger the blocks the higher the chances of getting a stake. If you stake a 1000 HYP block you'll get an uncapped stake, but you'll have a very low probability of getting a stake, therefore you'll have to wait a long time.

If you stake a 10k HYP block, you'll hit the 1000 HYP cap but your chances are much higher, thus the waiting will be theoretically much shorter.

That's why I have my splitthreshold at 10k. I always get capped stakes but it appears to be a reasonable size for my blocks in light of the current difficulty.

except you have more blocks so its actually about the same but you have an advantage being that the more blocks you have the more random chance you have of hitting a PoS block.

the only benefit of larger blocks would be for compounding returns, but with the difficulty as high as it is these past few months, that is a harder strategy.

welcome to hyperstake

[fragilefungi]

what a bad luck 2 months 2 stake 2 orphans

Did you use the "repairwallet" command in the console?  You should be able to get those transactions staking again.  How many connections do you have?  I have 24 connections right now.  You can use the "addnode <ip> add" to add more.

[4x13]

Please go vote HYP to be added to CoinPayments!! We need a way to spend them!!

[kprell40]

 Hello
 quick question
 I've been away from  HyperStake for a while and just recently purchased some more coins what would be a good coin size for the POS would 10000 or 15000 coins for stacking ? What  would be a good recommendation to start ?

 thank you
 kprell40