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

[ibuyltc]

*snip*
When you don’t open a wallet, your blocks accumulate weight, but the process of hashing isn’t active, just like with a miner turned off. If your wallet is open, when a block reaches the min age of 8.8 days, the process of minting begins. When a correct hash is found, you get a reward, just like with Bitcoin. You can open your wallet from time to time after 8.8 days of block maturity, but it's better to keep it open 24/7, if you have mature blocks.

Here is a more detailed article about PoS.

Hi, im new to PoS in general and i am trying to better understand how this works

1) with your wallet open and with the weight of the blocks at 0, you are not staking
2) once your wallet is closed the blocks begin to gain weight
3) after 8.8 days you are eligible for getting rewarded and this requires having the wallet open.  With the wallet open its "hashing" and eventually you will get the right hash and get rewarded?

I've also read that having your wallet encrypted and/or locked will prevent the staking from occurring is this correct?

[billotronic]

*snip*
When you don’t open a wallet, your blocks accumulate weight, but the process of hashing isn’t active, just like with a miner turned off. If your wallet is open, when a block reaches the min age of 8.8 days, the process of minting begins. When a correct hash is found, you get a reward, just like with Bitcoin. You can open your wallet from time to time after 8.8 days of block maturity, but it's better to keep it open 24/7, if you have mature blocks.

Here is a more detailed article about PoS.

Hi, im new to PoS in general and i am trying to better understand how this works

1) with your wallet open and with the weight of the blocks at 0, you are not staking
2) once your wallet is closed the blocks begin to gain weight
3) after 8.8 days you are eligible for getting rewarded and this requires having the wallet open.  With the wallet open its "hashing" and eventually you will get the right hash and get rewarded?

I've also read that having your wallet encrypted and/or locked will prevent the staking from occurring is this correct?

1. Correct
2. No. Your coins gain weight after 8.8 days. Look at your coin age and think that until that many days, they are not 'hashing' for blocks
3 Correct

You can have an encrypted wallet (HIGHLY RECOMMENDED!!!!) and unlocked to stake. This can be done by first encrypting your wallet then going to Tools -> Unlock Wallet. After putting in your passphrase your wallet will stake.

IF you do not unlock an encrypted wallet it will not stake.

I hope this helps, welcome to the wonderful world of PoS. If you need more help, jump on the irc chan @ ##hyperstake on freenode.net and someone will help ya out.

[ibuyltc]

It does, I get it.  Thanks!

Somebody might want to update the PoS page to make it clearer.  http://hyperstake.wikia.com/wiki/What_is_PoS

[iantunc]

The new wallet version for Mac OS crashes on Snow Leo, and there are some people in Polo trollbox, who also encountered this issue.

[iantunc]

*snip*
When you don’t open a wallet, your blocks accumulate weight, but the process of hashing isn’t active, just like with a miner turned off. If your wallet is open, when a block reaches the min age of 8.8 days, the process of minting begins. When a correct hash is found, you get a reward, just like with Bitcoin. You can open your wallet from time to time after 8.8 days of block maturity, but it's better to keep it open 24/7, if you have mature blocks.

Here is a more detailed article about PoS.

*snip*
2) once your wallet is closed the blocks begin to gain weight

A block starts to gain weight after 8.8 days, and it's the process that occurs behind the scenes. When you open a wallet after the 8.8 cool off period, it just simply calculates the weight by detecting the block age and multiplying it by the block size. If you'll open a wallet in a month after an incoming transaction, your block will have the weight of ( 30 - 8.8 ) * block size.

[billotronic]

The new wallet version for Mac OS crashes on Snow Leo, and there are some people in Polo trollbox, who also encountered this issue.

What errors does it give?

[dreamwatcher]

I have made a small quality of life change to CCE. Post links have been changed to get links on most pages.

This means that information in the explorer is now linkable:

Example:

http://hyp.cryptocoinexplorer.com/block?block=100945

[CrazyLoaf]

High PoS Coin IRC Society

So I've been watching Hyperstake (HYP) and noted that they have a fairly active community going on in their IRC. Unlike the usual junk altcoins vying to "replace BTC" before crashing in value as "investors" move on to the next coin, high PoS coins can exist in harmony since they all provide different features and risk/return profiles to the cryptocurrency *asset* market.

Right now, I'm trying to see if there is interest in having a joint IRC channel for such coins. I'm looking to involve established coins with at least semi-active developers.

Feel free to reply and/or PM me with suggestions as well as anything that you'd be willing to offer, help with, or spearhead. I don't mind topping off tipbots, games, and other aspects, but I'm looking to have something that the community runs and is interested in doing. Thanks and happy staking

[iantunc]

The new wallet version for Mac OS crashes on Snow Leo, and there are some people in Polo trollbox, who also encountered this issue.

What errors does it give?

Sep 29 06:57:30 Ivan-Trebeljahrs-MacBook-Pro ReportCrash[3841]: Failed to create CSSymbolicatorRef for launchd
Sep 29 06:57:31 Ivan-Trebeljahrs-MacBook-Pro com.apple.launchd.peruser.501[288] ([0x0-0x26c26c].com.yourcompany.hyperstake-qt[3838]): Job appears to have crashed: Segmentation fault
Sep 29 06:57:31 Ivan-Trebeljahrs-MacBook-Pro ReportCrash[3841]: Saved crash report for launchd[3838] version ? to /Users/ivantrebeljahr/Library/Logs/DiagnosticReports/launchd_2014-09-29-065731_Ivan-Trebeljahrs-MacBook-Pro.crash
Ivan-Trebeljahrs-MacBook-Pro:~ ivantrebeljahr$ cat /Users/ivantrebeljahr/Library/Logs/DiagnosticReports/launchd_2014-09-29-065731_Ivan-Trebeljahrs-MacBook-Pro.crash
Process:         launchd [3838]
Path:            /Users/ivantrebeljahr/Downloads/hyperstake-qt.app/Contents/MacOS/hyperstake-qt
Identifier:      com.yourcompany.hyperstake-qt
Version:         ?
Code Type:       X86-64 (Native)
Parent Process:  launchd [288]

Date/Time:       2014-09-29 06:57:30.854 +0300
OS Version:      Mac OS X 10.6.8 (10K549)
Report Version:  6

Exception Type:  EXC_BAD_ACCESS (SIGSEGV)
Exception Codes: KERN_INVALID_ADDRESS at 0xfffffffffffffff8
Crashed Thread:  Unknown

Backtrace not available

Unknown thread crashed with X86 Thread State (64-bit):
  rax: 0x0000000000000055  rbx: 0x0000000000000000  rcx: 0x0000000000000000  rdx: 0x0000000000000000
  rdi: 0x0000000000000000  rsi: 0x0000000000000000  rbp: 0x0000000000000000  rsp: 0x0000000000000000
   r8: 0x0000000000000000   r9: 0x0000000000000000  r10: 0x0000000000000000  r11: 0x0000000000000000
  r12: 0x0000000000000000  r13: 0x0000000000000000  r14: 0x0000000000000000  r15: 0x0000000000000000
  rip: 0x00007fff5fc01028  rfl: 0x0000000000010203  cr2: 0xfffffffffffffff8

Binary images description not available

[Mig-23]

The dev said this is coin economic experiment,..
how to make this coin succes?..and how if no money/coin suplly( because too many buyer if happen in future)
and my advice don't forget to promote or translate in indonesia..
indonesia is the big country and huge market,..i'm sure they will be happy with 750% interest...trust me

[presstab]

The dev said this is coin economic experiment,..
how to make this coin succes?..and how if no money/coin suplly( because too many buyer if happen in future)
and my advice don't forget to promote or translate in indonesia..
indonesia is the big country and huge market,..i'm sure they will be happy with 750% interest...trust me

We have an Indonesian OP here https://bitcointalk.org/index.php?topic=786289.0 

[iantunc]

The dev said this is coin economic experiment,..
how to make this coin succes?..

It is the experiment that tend to appear successful. And it is on its early stage of development now. There is a lot of work to do, which means that this coin will become more and more advanced and, as a result, more and more adopted. It can even become a new philosophy in the global economic system (there are some ideas about it).

and how if no money/coin suplly( because too many buyer if happen in future)

High demand + lack of supply = higher price. Higher price is more tempting for holders.

and my advice don't forget to promote or translate in indonesia..
indonesia is the big country and huge market,..i'm sure they will be happy with 750% interest...trust me

There is an indonesian thread. You can find it here. Thanx for the advice.

[Mig-23]

The dev said this is coin economic experiment,..
how to make this coin succes?..

It is the experiment that tend to appear successful. And it is on its early stage of development now. There is a lot of work to do, which means that this coin will become more and more advanced and, as a result, more and more adopted. It can even become a new philosophy in the global economic system (there are some ideas about it).

and how if no money/coin suplly( because too many buyer if happen in future)

High demand + lack of supply = higher price. Higher price is more tempting for holders.

and my advice don't forget to promote or translate in indonesia..
indonesia is the big country and huge market,..i'm sure they will be happy with 750% interest...trust me

There is an indonesian thread. You can find it here. Thanx for the advice.

the best way is promote in fb,..i will help if have more time to promote to all my friends
just wait until i have enough money in my wallet 

[Mig-23]

most of my friends are the player of online bussiness with 30% interest per month,.
but the risk is losing the money,.
This is a good market,but unfortunately most of my friends not familiar with cryptocurrency,...so,. need tutorial step by step

[iantunc]

This is a good market,but unfortunately most of my friends not familiar with cryptocurrency,...so,. need tutorial step by step

Yes, it's one of our lines of work

[iantunc]

the best way is promote in fb,..i will help if have more time to promote to all my friends
just wait until i have enough money in my wallet 

It's all planned, including various SMM, PPC and viral campaigns. Thanx for support!

[cycoinminer]

So I’m just going to talk out loud here, and put forward the following point of view.

Personally, I’ve not had my rigs on for a few weeks now due to the heat, and the fact that it was becoming unprofitable considering the lowering rewards, cost of electricity etc.

And then I found HyperStake.

Whilst I’ve been in HYP since the beginning, what about the people who want to get in now? Why should they bother? What’s in it for them?

Well, the first and most obvious benefit is the interest rate – which, at around 18% PER WEEK is pretty amazing, and that’s without taking into account compound interest. (around 2.05% interest per day)

So, when you think about that, if you had $1,000 and were thinking of getting into crypto, lets compare buying a GPU rig, in comparison to buying $1,000 of HYP.

Looking at NewEgg, there’s the Sapphire R9 280X Tri-X card for $289, so if you were to pick up 3 of these, picked up a decent power supply with the remainder of the $1k, and used an old motherboard, HDD, and RAM – you’ve now got yourself a 3 Rig GPU for mining.
This is where my figures may go a bit wrong (like I say, I’ve not been following mining recently) but from what I can see:

AT BEST:
3 GPU’s will give around 2MH/s Normalised mining power
TradeMyBit offers best rates of just 0.002BTC per MH/s/Day
Today’s price of BTC is roughly $375
That equates to earning $1.50 per day (0.004 BTC), from mining, not taking into account electricity.

So, to summarise:
Option 1 – Build a rig with 3 GPU’s.
Spend $1000 and earn $15 every 10 days from selling your mined BTC.

Option 2 – Buy HYP
Spend $1000 on HYP (@0.000025 / HYP) to buy 105,000 HYP and earn around 23,600 HYP in interest, worth an estimated 0.59BTC, or $220 – per 10 day period!

The other major benefit with HYP is it’s quick staking period, which allows for the potential of compound interest, over a relatively short period of time.
So, if we compare the figures again:

Option 1 – after 30 days = $45 earnings (30 x $1.50 / day)
Option 2 – after 30 days = (105,000 HYP x 2.05% ^ 30) = 88,000 HYP interest = 2.2BTC = $825 earnings

Now, all of the above assumes that prices stay somewhat static, and that your HYP matures soon after the 8.8 days it needs to produce interest payments. Prices in Crypto can move dramatically, there’s no denying that. But certainly from my point of view, it’s clear that investing in HYP is MUCH more profitable than investing in mining.

It’s worth noting that with Option 1 though, you physically still have an asset worth $ xxx.
If HYP went to the floor, you could have considerably less, but that’s a gamble you’re maybe willing to take, looking at the potential upside of HYP.

Do your own research, like I say, I just wanted to offer a view.

[TrinityCoin]

TradeMyBit offers best rates of just 0.002BTC per MH/s/Day

Not even close, try again.

[CiZ]

So I’m just going to talk out loud here, and put forward the following point of view.

Personally, I’ve not had my rigs on for a few weeks now due to the heat, and the fact that it was becoming unprofitable considering the lowering rewards, cost of electricity etc.

And then I found HyperStake.

Whilst I’ve been in HYP since the beginning, what about the people who want to get in now? Why should they bother? What’s in it for them?

Well, the first and most obvious benefit is the interest rate – which, at around 18% PER WEEK is pretty amazing, and that’s without taking into account compound interest. (around 2.05% interest per day)

So, when you think about that, if you had $1,000 and were thinking of getting into crypto, lets compare buying a GPU rig, in comparison to buying $1,000 of HYP.

Looking at NewEgg, there’s the Sapphire R9 280X Tri-X card for $289, so if you were to pick up 3 of these, picked up a decent power supply with the remainder of the $1k, and used an old motherboard, HDD, and RAM – you’ve now got yourself a 3 Rig GPU for mining.
This is where my figures may go a bit wrong (like I say, I’ve not been following mining recently) but from what I can see:

AT BEST:
3 GPU’s will give around 2MH/s Normalised mining power
TradeMyBit offers best rates of just 0.002BTC per MH/s/Day
Today’s price of BTC is roughly $375
That equates to earning $1.50 per day (0.004 BTC), from mining, not taking into account electricity.

So, to summarise:
Option 1 – Build a rig with 3 GPU’s.
Spend $1000 and earn $15 every 10 days from selling your mined BTC.

Option 2 – Buy HYP
Spend $1000 on HYP (@0.000025 / HYP) to buy 105,000 HYP and earn around 23,600 HYP in interest, worth an estimated 0.59BTC, or $220 – per 10 day period!

The other major benefit with HYP is it’s quick staking period, which allows for the potential of compound interest, over a relatively short period of time.
So, if we compare the figures again:

Option 1 – after 30 days = $45 earnings (30 x $1.50 / day)
Option 2 – after 30 days = (105,000 HYP x 2.05% ^ 30) = 88,000 HYP interest = 2.2BTC = $825 earnings

Now, all of the above assumes that prices stay somewhat static, and that your HYP matures soon after the 8.8 days it needs to produce interest payments. Prices in Crypto can move dramatically, there’s no denying that. But certainly from my point of view, it’s clear that investing in HYP is MUCH more profitable than investing in mining.

It’s worth noting that with Option 1 though, you physically still have an asset worth $ xxx.
If HYP went to the floor, you could have considerably less, but that’s a gamble you’re maybe willing to take, looking at the potential upside of HYP.

Do your own research, like I say, I just wanted to offer a view.

agree! I choose HyperStake exactly!!  

[TrinityCoin]

TradeMyBit offers best rates of just 0.002BTC per MH/s/Day

Not even close, try again.

No, I mean this post is riddled with inaccuracies.. Theres no pool that pays anywhere near 0.002 btc per MH/s/day. I certainly would not take financial advice from someone who can't do simple math.