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

[Trololoh]

A little assistance, my Expected time to earn reward is 1 day - it's been 1 day for the past 3 days. I have the latest wallet.
Should I close and reopen wallet ?

This bug will be fixed in the next wallet release. Yes, you need to reopen your wallet to get staking info update. Check your staking weight, it should be changed.

This bug does not affect your reward getting paid.
Check CC (Coin Control) for correct values.

[crypto4jan]

I go try this coin just for fun and to see how it works.
I go follow this topic.

[presstab]

A little assistance, my Expected time to earn reward is 1 day - it's been 1 day for the past 3 days. I have the latest wallet.
Should I close and reopen wallet ?

The staking process is random, so it is impossible to say when you will stake. The calculation this is based on, we are trying to make as accurate as possible, but at the end of the day we can't do much to make it exact. I can add a bit more time to the calc on the next release. And remember this calc would assume your wallet is open 24/7.

[David Latapie]

Notice I selected "Sent to". As for the address, Right-click on the name and it selects the address - you just have to paste it (notice it doesn't respect the principle of least astonishment, since you expect to copy a text and end up copying an address).

Do you really mean "Right-click on the name and it selects the address" ? Instead of "Right-click on the name and you get a menu with a few selection commands" ? I get a menu here (Linux), with both copy address and copy label commands (and some others). It'd have copied the label if you selected copy label in that menu. If you select copy address, it copies the address.

My mistake and you are right. I will update accordingly.

I'd pushed a small patch to github for the table header to read "Addres/Label" instead of just "Address", since the table can contain both. This may make more explicit that this column can contain both.

Could be good, indeed.

[B3dr0ck]

we will have to define terms a little better for me to plug in real numbers

Compounding formulae:

block*((1+(7.5/365*interval))^(365/interval))

Where block is an initial block size in HYP (if we make a calculation just for 1 block for clarity, e.g. 3000 HYP; you can insert here your whole amount of HYP), interval is an estimated number of days for your blocks to stake, e.g. 10 days.

(7.5/365*interval)

This part of the equation gives you an interest (in the form of a multiplier) acquired after some staking interval, which can be no less than 8.8 days. So an interest for 9 days old block can be calculated like this:

7.5/365*9*100 or simply 750/365*9, which gives us 18.49%.

An interest for one day is 750/365 = 2.05%.

Everything is correct. Every consequent day will add 2.05%, until the block age will hit 30 days.
[/quote]

OK - just so that this is crystal:
(formula compound interest, FutureValue=PresentValue(1+interest/365*interval)^365/interval
Present value 3000HYP (from previous example)
Interest is 2.05% daily
Interval - I'm estimating that a block will stake in 15days.  I know it could be as little as 9 (eight point eight), but with difficulty going up, I'll just say 15days. 

So 3000 HYP managed with Coin Control so that you didn't lose any stake with 1000Stake limit, over the course of a year would become ....
3000((1+.0205*15)^365/15)
3000(1.308)^24.3
3000*681.66

3000 HYP becomes 2,044,981 HYP in 1 year  (effective interest rate of 68,166%)
(the Future Value goes up if the Blocks - your starting amount - stakes faster than 15days)

Interval = 15days

[presstab]

Press, could you add a notification that this is a S4C sending? Especially in the context of multisending, later on.

Well S4C uses the same code to send the actual tx, which is what ends up throwing the notification. I'll see if I can pass a bool through as well.

Figured it out

[forbesmining]

I feel smarter just reading all these posts. As soon as I understand just a bit more (and maybe see HYP price drop) I plan to scoop up quite a bit and put it to work 

[vegasguy]

So I just noticed hyp went from 800-1000 SAT TO 2800-3000 sat basically overnight. Ive read the last few days on this thread and was looking for an explanation. Any ideas? Not that im complaining, I have a nice amount.

Vegas

[CrazyLoaf]

So I just noticed hyp went from 800-1000 SAT TO 2800-3000 sat basically overnight. Ive read the last few days on this thread and was looking for an explanation. Any ideas? Not that im complaining, I have a nice amount.

Vegas

I think HYP has done a lot right in terms of high PoS:

- Community: IRC has almost 100 people in it at times.
- Features: GUI HyperSend (automatically send % of stakes), themes, other stuff on the way
- Monero Connection: XMR trading pair and David Latapie on the team of both HYP and XMR
- Stake %: High, but at the same time having someone technical to monitor it constantly (Presstab)

I think if HYP keeps up (pun intended), it has a good chance of sustaining itself above $1M market cap, especially if BTC finds a higher floor. The only high-ish PoS coin above it I can think of is Novacoin (NVC), but it seems pretty dead outside of Russia, and it only pays 3% every 30 days I believe. If HYP could get some Asian exposure (where they really like PoS - some coins are kept alive just by Asian interest), I think it could do really well.

[iantunc]

(formula compound interest, FutureValue=PresentValue(1+interest/365*interval)^365/interval

Yes, sure, I've just truncated it because the left part is obvious. Your variant is more generalized, for any PoS coin.

3000 HYP becomes 2,044,981 HYP in 1 year  (effective interest rate of 68,166%)

Your calculation is true, but this equation doesn't take into account the inflation control mechanism. Such interest is possible only on the first stage of distribution. It's like an early days of internet.

[iantunc]

A little assistance, my Expected time to earn reward is 1 day - it's been 1 day for the past 3 days. I have the latest wallet.
Should I close and reopen wallet ?

The staking process is random, so it is impossible to say when you will stake. The calculation this is based on, we are trying to make as accurate as possible, but at the end of the day we can't do much to make it exact. I can add a bit more time to the calc on the next release. And remember this calc would assume your wallet is open 24/7.

As to my experience, this indicator becomes more and more accurate, and, I can say, it can be very handy.

[crypto4jan]

So I just noticed hyp went from 800-1000 SAT TO 2800-3000 sat basically overnight. Ive read the last few days on this thread and was looking for an explanation. Any ideas? Not that im complaining, I have a nice amount.

Vegas

I think HYP has done a lot right in terms of high PoS:

- Community: IRC has almost 100 people in it at times.
- Features: GUI HyperSend (automatically send % of stakes), themes, other stuff on the way
- Monero Connection: XMR trading pair and David Latapie on the team of both HYP and XMR
- Stake %: High, but at the same time having someone technical to monitor it constantly (Presstab)

I think if HYP keeps up (pun intended), it has a good chance of sustaining itself above $1M market cap, especially if BTC finds a higher floor. The only high-ish PoS coin above it I can think of is Novacoin (NVC), but it seems pretty dead outside of Russia, and it only pays 3% every 30 days I believe. If HYP could get some Asian exposure (where they really like PoS - some coins are kept alive just by Asian interest), I think it could do really well.

I 've now 1247 HYP and go stake it on tree PC's they are not always on.
Just wondering how quick POS is working and coin control looks great.
I'm a newbie for HYP but hope to learn quick!

[rfcdejong]

Which one is making more profit... the miner or my staking wallet

A picture says all

[presstab]

So I just noticed hyp went from 800-1000 SAT TO 2800-3000 sat basically overnight. Ive read the last few days on this thread and was looking for an explanation. Any ideas? Not that im complaining, I have a nice amount.

Vegas

I think HYP has done a lot right in terms of high PoS:

- Community: IRC has almost 100 people in it at times.
- Features: GUI HyperSend (automatically send % of stakes), themes, other stuff on the way
- Monero Connection: XMR trading pair and David Latapie on the team of both HYP and XMR
- Stake %: High, but at the same time having someone technical to monitor it constantly (Presstab)

I think if HYP keeps up (pun intended), it has a good chance of sustaining itself above $1M market cap, especially if BTC finds a higher floor. The only high-ish PoS coin above it I can think of is Novacoin (NVC), but it seems pretty dead outside of Russia, and it only pays 3% every 30 days I believe. If HYP could get some Asian exposure (where they really like PoS - some coins are kept alive just by Asian interest), I think it could do really well.

I 've now 1247 HYP and go stake it on tree PC's they are not always on.
Just wondering how quick POS is working and coin control looks great.
I'm a newbie for HYP but hope to learn quick!

If you hover over the icons in the bottom right corner of the wallet, one of them will say "hours until maturity", you can keep your wallet closed until the coins are mature. Then keep it open for long periods of time for your stake to come in.

[5ick3uffalo]

HYPer , HYPer

Registering for the rich list after work, think i´ll buy me up into the top 100 soon (own about 30k , was buying that day we chatted on poloniex @ presstab )

Keep up the great work

[crypto4jan]

So I just noticed hyp went from 800-1000 SAT TO 2800-3000 sat basically overnight. Ive read the last few days on this thread and was looking for an explanation. Any ideas? Not that im complaining, I have a nice amount.

Vegas

I think HYP has done a lot right in terms of high PoS:

- Community: IRC has almost 100 people in it at times.
- Features: GUI HyperSend (automatically send % of stakes), themes, other stuff on the way
- Monero Connection: XMR trading pair and David Latapie on the team of both HYP and XMR
- Stake %: High, but at the same time having someone technical to monitor it constantly (Presstab)

I think if HYP keeps up (pun intended), it has a good chance of sustaining itself above $1M market cap, especially if BTC finds a higher floor. The only high-ish PoS coin above it I can think of is Novacoin (NVC), but it seems pretty dead outside of Russia, and it only pays 3% every 30 days I believe. If HYP could get some Asian exposure (where they really like PoS - some coins are kept alive just by Asian interest), I think it could do really well.

I 've now 1247 HYP and go stake it on tree PC's they are not always on.
Just wondering how quick POS is working and coin control looks great.
I'm a newbie for HYP but hope to learn quick!

If you hover over the icons in the bottom right corner of the wallet, one of them will say "hours until maturity", you can keep your wallet closed until the coins are mature. Then keep it open for long periods of time for your stake to come in.

OK that is useful information, halfway next week I begin to earn.
No need to split blocks now?

[B3dr0ck]

3000 HYP becomes 2,044,981 HYP in 1 year  (effective interest rate of 68,166%)

Your calculation is true, but this equation doesn't take into account the inflation control mechanism. Such interest is possible only on the first stage of distribution. It's like an early days of internet.
[/quote]

So... besides the 1000HYP Stake limit per block, what is "the inflation control mechanism"?

[Tranz]

3000 HYP becomes 2,044,981 HYP in 1 year  (effective interest rate of 68,166%)

Your calculation is true, but this equation doesn't take into account the inflation control mechanism. Such interest is possible only on the first stage of distribution. It's like an early days of internet.

So... besides the 1000HYP Stake limit per block, what is "the inflation control mechanism"?
[/quote]

PressTab is a smart one, it's all you need.

As more coins become available, more people will stake. As more people stake the difficulty will increase. As the difficulty increases, users will either wait longer to stake, or combine blocks to increase their weight. Either way the chance of hitting the max stake increases, and the amount of coins lost to the max also increases. Thereby keeping the inflation rate constant, or even lower then max * blocks per day.

[B3dr0ck]

I did an interval of 15 days, not 9, like I could have.  Just saying.

At 30 days a block will hit its maximum interest?  I've heard that, but haven't confirmed it.  At that point a block will not gain anymore HYP?  It simply waits for it to stake.

The idea being, people will make larger blocks to gain greater weight, to increase chance of staking, but in doing so, they risk hitting maximum stake limit of 1000 per block?

Is that the idea of the Inflation Control Mechanism?

[CrazyLoaf]

I did an interval of 15 days, not 9, like I could have.  Just saying.

At 30 days a block will hit its maximum interest?  I've heard that, but haven't confirmed it.  At that point a block will not gain anymore HYP?  It simply waits for it to stake.

The idea being, people will make larger blocks to gain greater weight, to increase chance of staking, but in doing so, they risk hitting maximum stake limit of 1000 per block?

Is that the idea of the Inflation Control Mechanism?

Here's a concept that people seem to like in coins. Value must be sacrificed to obtain coins. For example, with BTC, people have to have the equipment, electricity, and experience to mine for coins.

I'm going to be a little crazy and maybe this wasn't Presstab's intention, but when the (1) max block reward and (2) block time limits were explained to me, I was kind of amazed since that means that the currency is limited by time. Beyond HYP and CAP, I'm not sure who even was the first to do max block rewards, but it is a very elegant solution within PoS.

HYP has 90 second blocks. That means there are 960 blocks a day, and there can't be any more. At most 1,000 * 960 = 960,000 coins can be produced a day. However, you have people like me who won't fool with optimizing their blocks all that much. I have 2,000+ blocks, down to as low as 50 coins. If my 50 coins stake, I don't anything close to the max block reward, but I take up that block. For example, if I am staking this 50 block at day 30, I only get around 30 coins. Let's say everyone did this. That's 30 * 960 = 28,800 coins.

So to me, for PoS, you have to show several things: (1) that you have the coins to stake of appropriate age; you have sacrificed prior consumption and are holding the coins, (2) you are willing to spend a block that will never appear again to stake your coins, (3) you are willing to sacrifice the electrical and depreciation costs of your machine being on to stake. Just some crazy thoughts