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

[David Latapie]

confused,..which is true ??
david said ''interest rate will lower drastically starting from December

presstab said ''Interest rate is not going to be lowered dramatically, it will remain the same forever. What will change is that difficulty will being to rise quicker than it is now

you are both the dev of HYP,.why different statements

presstab is right.

I can arange mining shares if there is interest.
For EnergyCoin I work together with GQM (Ryan Scott) on the NXTforum and he introduced EnergyGHZ. One share is now 35 NXT and payout weekly in ENRG. He is mining BTC. The ROI is 40 weeks now! Last payout was 100 ENRG per share or 1.1 NXT per share for NXTGHZ shares.

I never really understood assets. But if can explain us and that both presstab and me like the idea, you'll have our blessing. Are assets promises to get some money every period, like mining shares?

Hi all I'm looking for opinions please. I am thinking of starting a service up similar to HyperPool. I currently have a pi running 24/7 staking atm . my idea is to offer a 24/7 staking wallet for anyone to send their coins to to stake. This may sound similar to HyperPool but I'm aiming to attract bigger holders that are looking to stake 24/7. HyperPool is ment for small time holders which it should be kept at.

I will charge a 5% fee which will all be staked and go towards a donation address which will be used for giveaways mainly on the HYP sub Reddit.

I will set up another thread and build on this if people like thenidea . in essence I am creating a HyperPool aimed for bigger holders looking to make the most out of their HYP and stake 24/7.

Feel free to comment if you like the idea or have any suggestions.

This is good to have several pools with several goals. Let me quote myself on IRC

<davidlatapie> Other pool may be more short-minded, with 100% of stake going back to miner, 98% to miner and 2% in the pool owners' pocket... You should actually mention this other models, to encourage people to try them out - diversity is key.

And yes, your pool shall state the difference with Kushed's HyperPool (and Kushed shall do the same regarding yours). Now the big question: how will you name the pool?

[blitz78]

whalepool
HYPwhalepool
whalestakepool
ezstakepool
whalestake

some sugestions like em tip me on irc, hate em well i tried

hyp tips pPN18zNMBNV6Qz86HFKUJTMAPghvUcjbdH

[mtwelve]

Guys please refrain from posting addresses in this thread. I believe its against forum rules.

[eatthetree3]

confused,..which is true ??
david said ''interest rate will lower drastically starting from December

presstab said ''Interest rate is not going to be lowered dramatically, it will remain the same forever. What will change is that difficulty will being to rise quicker than it is now

you are both the dev of HYP,.why different statements

presstab is right.

I can arange mining shares if there is interest.
For EnergyCoin I work together with GQM (Ryan Scott) on the NXTforum and he introduced EnergyGHZ. One share is now 35 NXT and payout weekly in ENRG. He is mining BTC. The ROI is 40 weeks now! Last payout was 100 ENRG per share or 1.1 NXT per share for NXTGHZ shares.

I never really understood assets. But if can explain us and that both presstab and me like the idea, you'll have our blessing. Are assets promises to get some money every period, like mining shares?

Hi all I'm looking for opinions please. I am thinking of starting a service up similar to HyperPool. I currently have a pi running 24/7 staking atm . my idea is to offer a 24/7 staking wallet for anyone to send their coins to to stake. This may sound similar to HyperPool but I'm aiming to attract bigger holders that are looking to stake 24/7. HyperPool is ment for small time holders which it should be kept at.

I will charge a 5% fee which will all be staked and go towards a donation address which will be used for giveaways mainly on the HYP sub Reddit.

I will set up another thread and build on this if people like thenidea . in essence I am creating a HyperPool aimed for bigger holders looking to make the most out of their HYP and stake 24/7.

Feel free to comment if you like the idea or have any suggestions.

This is good to have several pools with several goals. Let me quote myself on IRC

<davidlatapie> Other pool may be more short-minded, with 100% of stake going back to miner, 98% to miner and 2% in the pool owners' pocket... You should actually mention this other models, to encourage people to try them out - diversity is key.

And yes, your pool shall state the difference with Kushed's HyperPool (and Kushed shall do the same regarding yours). Now the big question: how will you name the pool?

yes that's a good point. I will do some work and get a pool up as well as a thread and other info.

Now to name it....? Hmmm

[eatthetree3]

whalepool
HYPwhalepool
whalestakepool
ezstakepool
whalestake

some sugestions like em tip me on irc, hate em well i tried

hyp tips pPN18zNMBNV6Qz86HFKUJTMAPghvUcjbdH

I love the whale idea. How about HyperWhales?

[presstab]

Added this post to the HyperStake Development Journal:

There has been a lot of talk recently about this "max generation" limit. Here are the numbers I think we should be basing our analysis on.

At the moment of writing this:
The last 960 blocks added 500,014 HYP, average of 521 per stake
Last 6720 blocks added 3,397,835 HYP average of 505 per stake
Last 28,800 blocks have added 11,901,493 HYP, average of 413 per stake

The max generation by definition is when each stake will be 1,000 HYP, thus hitting the ceiling each time. Right now we are about halfway to max generation.  I don't think we will hit max generation for a long time, because people will always be trying to size their blocks small enough to get rewards that are less than 1,000. I think what really is going to happen is that there will be a fight to stay under max generation, this will mean smaller blocks, and smaller blocks will mean higher difficulty.

So best thing is to keep an eye on difficulty for now.

[Zer0Sum]

Added this post to the HyperStake Development Journal:

There has been a lot of talk recently about this "max generation" limit. Here are the numbers I think we should be basing our analysis on.

At the moment of writing this:
The last 960 blocks added 500,014 HYP, average of 521 per stake
Last 6720 blocks added 3,397,835 HYP average of 505 per stake
Last 28,800 blocks have added 11,901,493 HYP, average of 413 per stake

The max generation by definition is when each stake will be 1,000 HYP, thus hitting the ceiling each time. Right now we are about halfway to max generation.  I don't think we will hit max generation for a long time, because people will always be trying to size their blocks small enough to get rewards that are less than 1,000. I think what really is going to happen is that there will be a fight to stay under max generation, this will mean smaller blocks, and smaller blocks will mean higher difficulty.

So best thing is to keep an eye on difficulty for now.

Some of this may be incorrect, but here goes:

750% is the nominal rate = 2.05048% per day (not including compounding)
But with daily compounding 1.0205048 ^ 365 = 1675%

So absolutely optimal staking should produce closer to the higher number...
Until the 960,000 coin/day Hard Cap kicks in and the returns start declining gradually.

In the last week Money Supply grew:

 30,952,405
  3,397,835
-----------
 34,350,240 = 9.757%

But optimal compounded =  1.0205048 ^ 7 = 15.267%

So "staking efficiency" is only about 64%...
Many people are moving coins, staking sub-optimal sizes, offline, etc

It seems you are basically saying that 36% is "unstaked" and "lost"...
Which simply elongates the life of the coin by postponing the Hard Cap...
And the absolute max one can make with "perfect staking" = compounded return of 1675%.

After 30 days of careful records I'm doing 1238% based on average HYP position (but I've only staked 10 times).
Now that I have > 100,000 coins in what I feel are optimal blocks...
Another month and the results will probably be statistically significant and very interesting...
From an investor perspective.

Plus I'm actively Market Making the coin with about 15% of coins always on exchange...
Returns from scalping that 15% are not included, but it's higher than the staking percentage...
And will also be interesting after another month. 

Wow... my hat is off to you presstab...
Someone finally created a high stake coin that is liquid and tradable...
I wish I had the time to compile it and run simulations with reporting code.

[ncunt]

i didnt win

[David Latapie]

Added this post to the HyperStake Development Journal:

Woohoo! Presstab FIRST post in the HDJ I'll reply there

Some of this may be incorrect, but here goes:
(great mathematical analysis of HyperStake)

Would you agree to release some stats from time to time? Either from your coins of from the network? I believe there is a lot of potential behind this. The mere fact that you can actively Market Make the coin is an accomplishment for HyperStake!
(I believe the compounded interest is much higher)

i didnt win

Didn't win what?

[wickedsick]

seems there would be nice to make a post about the HYP-Loan (crazy shit imo)...so i NEEEED the hyp loan to stake it and rain it on ##hypstake @freenode...so vote wickedsick!!!! 

[presstab]

Added this post to the HyperStake Development Journal:

There has been a lot of talk recently about this "max generation" limit. Here are the numbers I think we should be basing our analysis on.

At the moment of writing this:
The last 960 blocks added 500,014 HYP, average of 521 per stake
Last 6720 blocks added 3,397,835 HYP average of 505 per stake
Last 28,800 blocks have added 11,901,493 HYP, average of 413 per stake

The max generation by definition is when each stake will be 1,000 HYP, thus hitting the ceiling each time. Right now we are about halfway to max generation.  I don't think we will hit max generation for a long time, because people will always be trying to size their blocks small enough to get rewards that are less than 1,000. I think what really is going to happen is that there will be a fight to stay under max generation, this will mean smaller blocks, and smaller blocks will mean higher difficulty.

So best thing is to keep an eye on difficulty for now.

Some of this may be incorrect, but here goes:

750% is the nominal rate = 2.05048% per day (not including compounding)
But with daily compounding 1.0205048 ^ 365 = 1675%

So absolutely optimal staking should produce closer to the higher number...
Until the 960,000 coin/day Hard Cap kicks in and the returns start declining gradually.

In the last week Money Supply grew:

 30,952,405
  3,397,835
-----------
 34,350,240 = 9.757%

But optimal compounded =  1.0205048 ^ 7 = 15.267%

So "staking efficiency" is only about 64%...
Many people are moving coins, staking sub-optimal sizes, offline, etc

It seems you are basically saying that 36% is "unstaked" and "lost"...
Which simply elongates the life of the coin by postponing the Hard Cap...
And the absolute max one can make with "perfect staking" = compounded return of 1675%.

After 30 days of careful records I'm doing 1238% based on average HYP position (but I've only staked 10 times).
Now that I have > 100,000 coins in what I feel are optimal blocks...
Another month and the results will probably be statistically significant and very interesting...
From an investor perspective.

Plus I'm actively Market Making the coin with about 15% of coins always on exchange...
Returns from scalping that 15% are not included, but it's higher than the staking percentage...
And will also be interesting after another month. 

Wow... my hat is off to you presstab...
Someone finally created a high stake coin that is liquid and tradable...
I wish I had the time to compile it and run simulations with reporting code.

Great numbers you are running there. Let me know any specific calcs you want me to add to an RPC call and I will see if I can work it into the code for you. 

[David Latapie]

We presentlye have 19 candidates for the HyperLoan #2. With the initial plan, it would have taken one year and a half just to accept all candidates. With the revised plan of once a week, it still takes more than 4 months. Not counting new candidates. This is not tenable.

So I decided to finance on my own pocket some more HyperLoans. So, next week, there will be TWO nominees.

[MoneroMooo]

Maybe a bit pedantic, but, assuming I did the numbers right, which is not a given:

750% is the nominal rate = 2.05048% per day (not including compounding)
But with daily compounding 1.0205048 ^ 365 = 1675%

So absolutely optimal staking should produce closer to the higher number...
Until the 960,000 coin/day Hard Cap kicks in and the returns start declining gradually.

You can only compound at 8.8 days at the earliest:
750*8.8/365 = 18.08219% per 8.8 day period,
1.1808219 ^ ( 365/8.8 ) = 986.3068
100*(986.3-1) = 98530% a year compounded

That sounds like a lot! Let's sanity check it:

I have 1000 HYP, which I will optimistically assume stake after 8.8 days like clockwork, yielding 18% every time, reinvested:
day 0: 1000 HYP
day 8.8 1180 HYP
day 17.6: 1392 HYP
day 26.4: 1643 HYP
day 35.2: 1938 HYP
day 44: 2287 HYP
day 52.8: 2700 HYP
day 61.6: 3185 HYP
day 70.4: 3759 HYP
day 79.2: 4435 HYP
day 88: 5234 HYP

Three months, and already 420%, I'll skip:

day 132: 11974 HYP
day 176: 27393 HYP
day 264: 143370 HYP
day 361: 885446 HYP

In a year, the best possible staking (which is quite unachieavable since it requires perfect compounding by staking each time at 8.8 days) gets your stash from 1000 HYP to 885k HUP. That's about 88400%. Close enough (4 days missing, half a stake period!).

In the last week Money Supply grew:

 30,952,405
  3,397,835
-----------
 34,350,240 = 9.757%

But optimal compounded =  1.0205048 ^ 7 = 15.267%

So "staking efficiency" is only about 64%...
Many people are moving coins, staking sub-optimal sizes, offline, etc

In a week, the optimal rate according to what I said above is 0.18 * 7 / 8.8 = 14.3%. I'm actually not sure whether this number of yours makes more sense here. Close enough anyway.

[chilly2k]

   See this thread for a standalone staking machine.  https://bitcointalk.org/index.php?topic=828734.0

[djfou62]

guys, is there a mean to see the weight of coins when a block is forged ? (or calculating it with the difficulty ?)

[MoneroMooo]

guys, is there a mean to see the weight of coins when a block is forged ? (or calculating it with the difficulty ?)

Sure:

Find that tx in the transaction list
Right click
Select copy txid
Go to the debug console
Type "getstaketx ", then paste that txid you just copied, enter
Multiply the "Days to Stake" value minus 8.8 by the "Original Amount" value
That's the weight it had when it staked

[Cor2]

   See this thread for a standalone staking machine.  https://bitcointalk.org/index.php?topic=828734.0

That is a Raspberry Pi B+ in a nice case.
The software is what makes it interesting and that has already been posted here...

[David Latapie]

100*(986.3-1) = 98530% a year compounded

This is the number I remebered (something around 9xxxxx%)

[akula999]

Any known reason why the price of HYP is going down? It's sort of good that I can buy some more (another 50 to 100 more) but i'm concerned about my investment.

[mtwelve]

Whales exiting, the usual. I expect price to stabilize soon, perhaps bounce back a little bit. Even with the decrease, we are still the highest market cap HIGH POS coin on CMC.