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

[presstab]

Waiting 8.8 days doesn't mean it will stake. To be honest, I still don't understand how it works even after reading the FAQ/How To Guide.
I have 434 Coins in one block and that block has staked in the past, but lately they haven't. I'm going on 21 days and no staking on that block of coins.
I have another block of 1624 coins which I've combined 5 days ago. If nothing stakes in 4 days, then either i'm doing something wrong or something is just not right with this coin.
Before you people start screaming that i'm spreading "FUD", understand that I've had my wallet stake 3 times. But for the last 21 days there have been ZERO staking.
If I hit 30 total days with 1624 coins in one block and it does't stake, then i'm going to just stop staking. Not worth the electricity bill

on 434 coins with 21 days
 - those 434 coins would by now have a weight of 5,294.8
 - 434 * (21 - 8.8 ) = 5,294.8 weight
 - with the current difficulty it would take some luck to successfully stake, it needs to gain more weight, be lucky, or have the POS difficulty go down

on 1624 coins
 - dont expect it to stake after 9 days, it will only begin to gain weight after 9 days
 - 1624 at 8.8 days = 0 weight
 - 1624 at 9.8 days = 1,624 weight
 - 1624 at 10.8 days = 3,248 weight
 - 1624 at 11.8 days = 4,872 weight
 - 1624 at 12.8 days = 6,496 weight

there are more coins staking in the network now hence its getting harder to stake (longer to stake now)

if you want to save electricity then opening the HYP wallet when your 1624 coins have reached ~11.8 days onward would be advisable that way your 434 coins would have also gained more weight and both combined would make it easier to stake successfully

So using your guidelines then people getting into this coin now have no chance to stake or must be really lucky? What about the people who've been staking for a longer period, do they take priority in staking payout? I think something fishy is happening here. If staking is taking so long for the normal/new user then why bring in new users? I'm going to investigate this further.

This is how every Proof of Stake coin works. If it is fishy then go talk to the folks at Peercoin about it (they invented PoS afterall).

[Biomech]

Waiting 8.8 days doesn't mean it will stake. To be honest, I still don't understand how it works even after reading the FAQ/How To Guide.
I have 434 Coins in one block and that block has staked in the past, but lately they haven't. I'm going on 21 days and no staking on that block of coins.
I have another block of 1624 coins which I've combined 5 days ago. If nothing stakes in 4 days, then either i'm doing something wrong or something is just not right with this coin.
Before you people start screaming that i'm spreading "FUD", understand that I've had my wallet stake 3 times. But for the last 21 days there have been ZERO staking.
If I hit 30 total days with 1624 coins in one block and it does't stake, then i'm going to just stop staking. Not worth the electricity bill

on 434 coins with 21 days
 - those 434 coins would by now have a weight of 5,294.8
 - 434 * (21 - 8.8 ) = 5,294.8 weight
 - with the current difficulty it would take some luck to successfully stake, it needs to gain more weight, be lucky, or have the POS difficulty go down

on 1624 coins
 - dont expect it to stake after 9 days, it will only begin to gain weight after 9 days
 - 1624 at 8.8 days = 0 weight
 - 1624 at 9.8 days = 1,624 weight
 - 1624 at 10.8 days = 3,248 weight
 - 1624 at 11.8 days = 4,872 weight
 - 1624 at 12.8 days = 6,496 weight

there are more coins staking in the network now hence its getting harder to stake (longer to stake now)

if you want to save electricity then opening the HYP wallet when your 1624 coins have reached ~11.8 days onward would be advisable that way your 434 coins would have also gained more weight and both combined would make it easier to stake successfully

So using your guidelines then people getting into this coin now have no chance to stake or must be really lucky? What about the people who've been staking for a longer period, do they take priority in staking payout? I think something fishy is happening here. If staking is taking so long for the normal/new user then why bring in new users? I'm going to investigate this further.

This is how every Proof of Stake coin works. If it is fishy then go talk to the folks at Peercoin about it (they invented PoS afterall).

Akula, I think there is something wrong with your wallet. I PM'd you.

Press, I staked five times on smaller blocks than he has since he first started posting about his troubles. It's not as dire as the predictions above, ever, for me. In fact the longest block I had was rather large.

[presstab]

Waiting 8.8 days doesn't mean it will stake. To be honest, I still don't understand how it works even after reading the FAQ/How To Guide.
I have 434 Coins in one block and that block has staked in the past, but lately they haven't. I'm going on 21 days and no staking on that block of coins.
I have another block of 1624 coins which I've combined 5 days ago. If nothing stakes in 4 days, then either i'm doing something wrong or something is just not right with this coin.
Before you people start screaming that i'm spreading "FUD", understand that I've had my wallet stake 3 times. But for the last 21 days there have been ZERO staking.
If I hit 30 total days with 1624 coins in one block and it does't stake, then i'm going to just stop staking. Not worth the electricity bill

on 434 coins with 21 days
 - those 434 coins would by now have a weight of 5,294.8
 - 434 * (21 - 8.8 ) = 5,294.8 weight
 - with the current difficulty it would take some luck to successfully stake, it needs to gain more weight, be lucky, or have the POS difficulty go down

on 1624 coins
 - dont expect it to stake after 9 days, it will only begin to gain weight after 9 days
 - 1624 at 8.8 days = 0 weight
 - 1624 at 9.8 days = 1,624 weight
 - 1624 at 10.8 days = 3,248 weight
 - 1624 at 11.8 days = 4,872 weight
 - 1624 at 12.8 days = 6,496 weight

there are more coins staking in the network now hence its getting harder to stake (longer to stake now)

if you want to save electricity then opening the HYP wallet when your 1624 coins have reached ~11.8 days onward would be advisable that way your 434 coins would have also gained more weight and both combined would make it easier to stake successfully

So using your guidelines then people getting into this coin now have no chance to stake or must be really lucky? What about the people who've been staking for a longer period, do they take priority in staking payout? I think something fishy is happening here. If staking is taking so long for the normal/new user then why bring in new users? I'm going to investigate this further.

This is how every Proof of Stake coin works. If it is fishy then go talk to the folks at Peercoin about it (they invented PoS afterall).

Akula, I think there is something wrong with your wallet. I PM'd you.

Press, I staked five times on smaller blocks than he has since he first started posting about his troubles. It's not as dire as the predictions above, ever, for me. In fact the longest block I had was rather large.

It shouldnt be a problem. I leave my wallet open 24/7 ( for the highest probability of staking) and I have a block that 809 HYP and 23 days old. This is mining. Mining is random. Difficulty is high. There is absolutely no stake at time X code built into the wallet.

Only thing holding the wallet back would be a corrupted wallet.dat or having it locked.

[presstab]

Everyone please remember to regularly backup you wallet.dat file

[crypto4jan]

Everyone please remember to regularly backup you wallet.dat file

Why?
Is there extra information in time?
Normaly 1 backup is more than suficient.

[iantunc]

I got a block of 1026 HYP staked in 11.86 days. Here is the tx hash: 39c9e254f14b7a9e276382dc19ad219db7b44032962eeb91f91ae96dbaeb85f3-000

You can check it. And yes, we are not gonna go mainstream before everything will be modeled and tested, sorry. You might be a spy, akula.

[presstab]

Everyone please remember to regularly backup you wallet.dat file

Why?
Is there extra information in time?
Normaly 1 backup is more than suficient.

Just depends on your change addresses, whether you have coins stored in change or not.  But having one backup of your main address is definitely a good start.

[Biomech]

Everyone please remember to regularly backup you wallet.dat file

Why?
Is there extra information in time?
Normaly 1 backup is more than suficient.

Actually, yes, there is. As more staking occurs, and change addresses are used, more keypairs are generated. I don't know what the keypool default is for HYP, but once those keys are used up, new keys are generated. If they aren't backed up, and something goes south, they're lost. It's a good idea for the sake of paranoia to do a weekly backup.

[Ense04]

Price is rising nicely on Poloniex. I hope this is a result of natural adoption of new investment and not a pump and dump group.

[David Latapie]

A long time ago, someone proposed this:

HYP @5k sat: 1 BTC to dev team

Now, if you can remember it who and where (TRK thread, IRC?) That would be great, since this might happen soon (It happened today, but not for long).

I hope this is a result of natural adoption of new investment and not a pump and dump group.

A bit of a pump, but just because Bennyprofane sold 100k, so OK.

[presstab]

A long time ago, someone proposed this:

HYP @5k sat: 1 BTC to dev team

Now, if you can remember it who and where (TRK thread, IRC?) That would be great, since this might happen soon (It happened today, but not for long).

I hope this is a result of natural adoption of new investment and not a pump and dump group.

A bit of a pump, but just because Bennyprofane sold 100k, so OK.

Price was well beyond 4k sats before bennyprofane even got on trollbox. I think more adoption is happening, diff is going up, and the sell book is small.

[ltcrstrbrt]

what will happen if the diff. goes up ? how will be affected  the stake period?

[David Latapie]

A long time ago, someone proposed this:

HYP @5k sat: 1 BTC to dev team

Now, if you can remember it who and where (TRK thread, IRC?) That would be great, since this might happen soon (It happened today, but not for long).

I hope this is a result of natural adoption of new investment and not a pump and dump group.

A bit of a pump, but just because Bennyprofane sold 100k, so OK.

Price was well beyond 4k sats before bennyprofane even got on trollbox. I think more adoption is happening, diff is going up, and the sell book is small.

I just looked at the charts and you're right, we tested 4.9k again so that could really be more adoption.

For the record:
Three new records, all today on Poloniex:
- top 3 in volume at Poloniex
- 15.342 BTC at Poloniex
- ATH of 5056 satoshi

what will happen if the diff. goes up ? how will be affected  the stake period?

New entrants would have it difficult to buy the minimum of 1000 HYP that is considered necessary for staking. Assuming the diff stays the same. If the dificulty increases, the minimum could be more than 1000 and so new entrants would have it even harder.

[istvandv]

people getting into this coin now have no chance to stake or must be really lucky?

you missed the most important part, need to gain weight
higher weight = higher chance of successful stake
weight = number of coins * coin age

What about the people who've been staking for a longer period, do they take priority in staking payout? I think something fishy is happening here. If staking is taking so long for the normal/new user then why bring in new users? I'm going to investigate this further.

coins gain weight the longer they are staking thus giving them greater chances of successfully staking
after successfully staking, those coins age and weight reset to 0 so the chances are exactly the same for everyone, new or old
the only significant change is "current difficulty"

if you are familiar with traditional mining, more miners means higher network hashrate resulting in greater difficulty
POS is the same with traditional mining
with greater difficulty, higher weight is required to get a successful stake

by the way, i noticed your signature is XCurrency which is also using POS to secure the network, its the same exept XC has min stake age of 8 hrs where as in HYP min stake age is 8.8 days and of course POS interest of 3.33% vs 750% per year

[iantunc]

Waiting 8.8 days doesn't mean it will stake. To be honest, I still don't understand how it works even after reading the FAQ/How To Guide.
I have 434 Coins in one block and that block has staked in the past, but lately they haven't. I'm going on 21 days and no staking on that block of coins.
I have another block of 1624 coins which I've combined 5 days ago. If nothing stakes in 4 days, then either i'm doing something wrong or something is just not right with this coin.
Before you people start screaming that i'm spreading "FUD", understand that I've had my wallet stake 3 times. But for the last 21 days there have been ZERO staking.
If I hit 30 total days with 1624 coins in one block and it does't stake, then i'm going to just stop staking. Not worth the electricity bill

on 434 coins with 21 days
 - those 434 coins would by now have a weight of 5,294.8
 - 434 * (21 - 8.8 ) = 5,294.8 weight
 - with the current difficulty it would take some luck to successfully stake, it needs to gain more weight, be lucky, or have the POS difficulty go down

on 1624 coins
 - dont expect it to stake after 9 days, it will only begin to gain weight after 9 days
 - 1624 at 8.8 days = 0 weight
 - 1624 at 9.8 days = 1,624 weight
 - 1624 at 10.8 days = 3,248 weight
 - 1624 at 11.8 days = 4,872 weight
 - 1624 at 12.8 days = 6,496 weight

there are more coins staking in the network now hence its getting harder to stake (longer to stake now)

if you want to save electricity then opening the HYP wallet when your 1624 coins have reached ~11.8 days onward would be advisable that way your 434 coins would have also gained more weight and both combined would make it easier to stake successfully

So using your guidelines then people getting into this coin now have no chance to stake or must be really lucky? What about the people who've been staking for a longer period, do they take priority in staking payout? I think something fishy is happening here. If staking is taking so long for the normal/new user then why bring in new users? I'm going to investigate this further.

Everyone has equal chances to stake. The only things that matter are the block weight and your user Karma. Your disability to understand shouldn't influence the development process and it wouldn't. Probably you have bad intentions.

[presstab]

by the way, i noticed your signature is XCurrency which is also using POS to secure the network, its the same exept XC has min stake age of 8 hrs where as in HYP min stake age is 8.8 days and of course POS interest of 3.33% vs 750% per year

In fact XC and HYP have the same base staking code (trk was a clone of x11coin which was rebranded as xcurrency later).

[ltcrstrbrt]

A long time ago, someone proposed this:

HYP @5k sat: 1 BTC to dev team

Now, if you can remember it who and where (TRK thread, IRC?) That would be great, since this might happen soon (It happened today, but not for long).

I hope this is a result of natural adoption of new investment and not a pump and dump group.

A bit of a pump, but just because Bennyprofane sold 100k, so OK.

Price was well beyond 4k sats before bennyprofane even got on trollbox. I think more adoption is happening, diff is going up, and the sell book is small.

I just looked at the charts and you're right, we tested 4.9k again so that could really be more adoption.

For the record:
Three new records, all today on Poloniex:
- top 3 in volume at Poloniex
- 15.342 BTC at Poloniex
- ATH of 5056 satoshi

what will happen if the diff. goes up ? how will be affected  the stake period?

New entrants would have it difficult to buy the minimum of 1000 HYP that is considered necessary for staking. Assuming the diff stays the same. If the dificulty increases, the minimum could be more than 1000 and so new entrants would have it even harder.

Now I understand, thanks for clarification.

[sluppy]

Quote from: David Latapie on October 12, 2014, 09:24:20 PM
A long time ago, someone proposed this:
Quote
HYP @5k sat: 1 BTC to dev team
Now, if you can remember it who and where (TRK thread, IRC?) That would be great, since this might happen soon (It happened today, but not for long).

Quote from: Ense04 on October 12, 2014, 09:05:20 PM
I hope this is a result of natural adoption of new investment and not a pump and dump group.
A bit of a pump, but just because Bennyprofane sold 100k, so OK.

Quote from: sluppy on July 06, 2014, 01:33:33 AM

and ill donate 1 btc worth of HYP to the devs when we hit 5k sat like was discussed in the previous thread.

Great to see some Action beeing taken HYP to the Mooon !


It was on Page 1 post 4.

Quote from: sluppy on July 05, 2014, 12:14:01 AM
Quote from: tom14cat14 on July 04, 2014, 10:59:28 PM
Quote from: sluppy on July 04, 2014, 10:43:26 PM
Quote from: tom14cat14 on July 04, 2014, 03:55:38 PM
I wonder if we put together a bounty for the dev if that will light a fire under his/her butt to help this coin out. Something like if you can get this coin to 5k sat by the end of July I will donate 1 BTC to him. What are you guys thoughts? I figure some kind of goal with monetary reward will make it more likely that they will be active and come out with new things or promote their coin.

Id donate the equivalent of 1 BTC to him/her in truckcoin at 5k sat Smiley
We will need some "new" features and more promotion.
Id like to hear from the dev what the possiblitys for potential new features are and what he/she wants the community to do to help promote the coin.




There we go. We have 2 BTC that will be given to the dev if they can get this coin to hold above 5k sat. I also would like a time limit on this. MY opinion is they have until September 1st. That gives them 2 months to come up with a solid plan and implement it. Any one else interested in joining us just post here. And I will keep a running total. Now if the dev doesnt show up or do a darn thing and it just gets to 5k we will not pay him. Just so there are no loopholes. As long as he is active and working to improve the coin and community and we reach the 5k sat I will pay him.   

yes me 2 and im sure more people will make a donation if serious progress is made.
If the dev doesnt want to do anything Please let us know so we can get a replacement.


I think this is the deal that was refered to.
The Septermber 1st time limit i dont care about ,but i would like it to Hold above 5k for awhile;)
I dont know if others offerd a bounty but i know i did so If it holds above 5k ull get my 20k HYP.

[mtwelve]

I have 4k HYP split up into several 250 HYP blocks. Would it be better if it all was in one big block? Or does staking chances stay the same as you have multiple ones?

[ltcrstrbrt]

I have 4k HYP split up into several 250 HYP blocks. Would it be better if it all was in one big block? Or does staking chances stay the same as you have multiple ones?

https://cryptocointalk.com/topic/13257-splitting-and-combining-blocks-using-coin-control/