Can someone explain this to me?
Maximum Stake Subsidy - 1,000 HYP
Does this mean even if I own 100,000 HYP the max that can be earned per 9-30 days is 1,000 coins?
yup, unless you make blocks/seperate addresses full of 1'600 hyp( max for 1000 stake) to get the best.
Correct me if I'm misunderstanding you. All one needs to do to get around the 1000 max is to deposit 1,600 into separate addresses to get the full stake amount? So, within the same wallet one could create unlimited addresses and compound to a 100+ billion (or whatever arbitrarily large number)?
is there a efficient way to do this ? can u give a step by step please on how to effectively split your coins in your wallet into 1600 blocks .
Sure. Presstab already linked his guide, but here's a short version for all y'all.
First, in the QT wallet, go to settings, click on "options", an in the last tab, click on activate coin control. Hit apply.
close that out if it don't do it automatically, then click on "send coins". You'll see a button that says "inputs" click on it. It will bring up the coin control window. You'll see a list of transactions. click on "List Mode" if it's not already there, as tree mode aggregates the inputs and is harder to deal with. It's better if you have a LOT of transactions, though. for my example we will use list mode.
This will show you every single block. On the last column, you'll see "priority" This tells you which coins are the closest to mature. This is the part where you have to make some decisions and calculations, because every coin you move will have it's maturity set back to zero, along with the block it came from. On a short staking coin like HYP, this is probably not a huge deal, but nevertheless, look at it.
Now, check the box next to every block that you are trying to split or combine. If you have a huge single block, as the OP implies, click on that one. Hit ok.
the selected blocks will be the FIRST coins sent when you make a transaction.
Now, having selected which coins to manipulate, close coin control. You'll be on the send tab still. Go to "receive coins" and generate a new address. Give it a label like "consolidation group one" or something like that so you can track it easily. Make as many as you intend to use for the next step.
<optionally, you can copy them into your address book and save some tab switching. I don't do this, but it's there if ya want it>
Grab one of the addresses you just made, go to your "send coins" tab, and paste it in to the Pay To box. Label should come up immediately, the put the amount you wish to be in the new staking block in the Amount box. Hit send. you'll get a send confirmation that shows "send to self". Now, go back to coin control, open it, and you'll see a brand new block with the new amount of coins in it. Again, select the coins you want to move, and repeat until you're happy, assigning EACH STAKING BLOCK a separate address. (this is important to you, not the client. It will store the blocks separately, but it's hard to keep track when they all come to the same address.)
And that is coin control.
A good strategy would be to do this over the course of 9 days. You'll initially lose some coin maturity, but you'll get blocks staking every day after nine days. On staking day, create yet another new address and block, and with a bit of patience, you'll be getting a stake every day. Or more than one as time goes by.
If you like this guide, feel free to tip me
HYP pFUkpqL3CZXptffp1dm1D8YcacvaD994n7 TEK BmmkHdBj3V9CuGqGPMfwXAB8NRWYiMjmCB
