★[ANN] [NAV] NAV COIN - Community Fund Live!!!

[skidog]

same here. my goal is nr1 in richlist within a month

I'm not sure where im at in that rich list but i think a few more would be ok.

[1715322304]

1715322304

[Strugg]

Been a bit since I've visited, glad to see the price is rising.

Hello icekohl!
Happy to see You again in the thread, stay tuned mate!
Cheers

[bocyaj]

Hi All,

I've been a silent supporter of Navajo for a while now, got involved during the mining phase of sumv2.

Just wanted to say that I very much enjoy following this thread lately. 

It got a little discouraging a while back.... but things are definitely on the up and up.

I have doubled my coins over the past few days and have some more buy support on Bittrex to continue with my race up the richlist.

Great work Dev team, you guys are really starting to invoke some confidence.

Lets make this a Navajo November to remember !!

[bspus]

My staking earnings have been significantly reduced these last 3 days.

Guess more people decided to stake, which is like raising the stake difficulty in effect.

But I know its actually a good thing for the coin!

[gorian]

My staking earnings have been significantly reduced these last 3 days.

Guess more people decided to stake, which is like raising the stake difficulty in effect.

But I know its actually a good thing for the coin!

Yes! For me is the same, at least 2/3 times less! But when the price went up 10 times will sort things out 

[shahim]

My staking earnings have been significantly reduced these last 3 days.

Guess more people decided to stake, which is like raising the stake difficulty in effect.

But I know its actually a good thing for the coin!

yes network height grew the last days!

[Remy_5]

oh and isnt remy part of the team as well or did he just do a onetime job ?

Remy's being a great help for us and we are very grateful for all his efforts!
He's not a full time member of Dev Team, he's just working with us and helping with some things - so he's an amazing NAV contributor

Wow!!! 

I'm a little embarrassed... many thanks for the nice words.
 

[Remy_5]

My staking earnings have been significantly reduced these last 3 days.

Guess more people decided to stake, which is like raising the stake difficulty in effect.

But I know its actually a good thing for the coin!

Yes! For me is the same, at least 2/3 times less! But when the price went up 10 times will sort things out 

About the observation of the decrease of earnings, you are right.

Looking at the average earnings for stakes block, it seems to me remained constant, around 1.26693 Nav,
it is only a more difficult to achieve a block.

What has changed in the last few days (starting from 4 November) is the number of blocks produced,
and then the average time between one block and another.

In recent weeks was only 17 seconds, far too low compared to the 30 that should be the specifications,
now we got to about 26, more reasonable and appropriate to the initial project.

[GREEDYJOHN]

Hi All,

I've been a silent supporter of Navajo for a while now, got involved during the mining phase of sumv2.

Just wanted to say that I very much enjoy following this thread lately. 

It got a little discouraging a while back.... but things are definitely on the up and up.

I have doubled my coins over the past few days and have some more buy support on Bittrex to continue with my race up the richlist.

Great work Dev team, you guys are really starting to invoke some confidence.

Lets make this a Navajo November to remember !!

NAVAJO NOVEMBER FOREVER REMEMBER.

[GREEDYJOHN]

Good work members!

Lets keep up the good work of visiting this thread EVERYDAY. I haven't even been that punctual, because of bad internet connection.

[SUM2dev]

Hi All,

I've been a silent supporter of Navajo for a while now, got involved during the mining phase of sumv2.

Just wanted to say that I very much enjoy following this thread lately. 

It got a little discouraging a while back.... but things are definitely on the up and up.

I have doubled my coins over the past few days and have some more buy support on Bittrex to continue with my race up the richlist.

Great work Dev team, you guys are really starting to invoke some confidence.

Lets make this a Navajo November to remember !!

Hello bocyaj!
It's great to see You in the thread, thank You for supporting NAV and stay tuned for more news!
Have an awesome weekend Everyone!
Cheers

[bspus]

In recent weeks was only 17 seconds, far too low compared to the 30 that should be the specifications,
now we got to about 26, more reasonable and appropriate to the initial project.

Which means that effective interest rate was almost double those last weeks
Now it is about normal

[Remy_5]

In recent weeks was only 17 seconds, far too low compared to the 30 that should be the specifications,
now we got to about 26, more reasonable and appropriate to the initial project.

Which means that effective interest rate was almost double those last weeks
Now it is about normal

From my point of view : Yes and no.

No  : 
The interest remain constant, because the calculation keep in consideration the coin group age. So more are the stake, less is the age, and the coins.

Yes :
Having more stake block, this can rise a little the effect of compound interest.

[bocyaj]

In recent weeks was only 17 seconds, far too low compared to the 30 that should be the specifications,
now we got to about 26, more reasonable and appropriate to the initial project.

Which means that effective interest rate was almost double those last weeks
Now it is about normal

From my point of view : Yes and no.

No  : 
The interest remain constant, because the calculation keep in consideration the coin group age. So more are the stake, less is the age, and the coins.

Yes :
Having more stake block, this can rise a little the effect of compound interest.

This poked my curiosity about something I have been thinking about recently.  Firstly, can we have the POS details updated in the OP please, I keep forgetting what they are :-)

My understanding is that the max coin age is 1 day (not sure if its based on real time or based on number of network blocks). I assume blocks, so interest earned should not be affected by the change in average block time, It would just take a bit longer in real world time before we get it.

However, if the max coin age is only 1 day (or 2880 blocks); I would think that our actual overall interest rate is much less than the 5%.  In order to get the full 5% annual interest, none of our coins can age beyond 1 day.  I haven't done the exact math, but it looks like I have roughly 1/6 or less of my coins that are under 2880 confirmations (my wallet has been open for days).  This would lead me to believe the real world interest at the end of the day is actually less than 1% ??

I could be talking out my ass here, but this is how I am understanding it.

I realize the importance and the reason we significantly reduced the max coin age, but if what I said above is true, would it be a good idea to increase the max coin age so that's its practical to get the full yearly interest ?

[Remy_5]

From my point of view : Yes and no.

No  :  
The interest remain constant, because the calculation keep in consideration the coin group age. So more are the stake, less is the age, and the coins.

Yes :
Having more stake block, this can rise a little the effect of compound interest.

This poked my curiosity about something I have been thinking about recently.  Firstly, can we have the POS details updated in the OP please, I keep forgetting what they are :-)

My understanding is that the max coin age is 1 day (not sure if its based on real time or based on number of network blocks). I assume blocks, so interest earned should not be affected by the change in average block time, It would just take a bit longer in real world time before we get it.

This maybe for other coin, but AFAIK not for Nav.

As I remember now, StakeMinAge and StakeMaxAge, is 2 hours and a day, but they limit the age
for the weight used to select the groups of coins that are eligible for the stake.

They do not limit the value of the coinage, which is based on the date and time of the blocks, and then the yield of interest.

The interest which for the moment should be 20% annual, up to when it comes a precise number of the block,
which was supposed to represent a year from birth of the coin, and then begin to decline.

IMHO, That block number will probably be revised since the high-frequency block that has been there in recent times.

[bocyaj]

hmmm, so the StakeMaxAge is 1 day, but another value, let's call it CoinAge, is what the interest payments are based on.

ill have to dig deeper later, but at first glance, my oldest coins are currently 15 days old in a 'chunk' of about 1000 coins.  If they were to stake now, I would then expect to get about 8.2 coins.

I think the largest stake I have ever gotten is 2.5ish.

Has anyone else gotten much more than a 2.5 coin stake ?

Thanks for the quick reply. :-)

[spatula]

Thanks for the quick reply. :-)

ugh. Unrelated, but I absolutely HATE this passive aggressive statement that I see daily on submitted IT helpdesk tickets. I don't get to tell the users this at work, so i will let out my disapproval to you instead.

[paycum]

hmmm, so the StakeMaxAge is 1 day, but another value, let's call it CoinAge, is what the interest payments are based on.

ill have to dig deeper later, but at first glance, my oldest coins are currently 15 days old in a 'chunk' of about 1000 coins.  If they were to stake now, I would then expect to get about 8.2 coins.

I think the largest stake I have ever gotten is 2.5ish.

Has anyone else gotten much more than a 2.5 coin stake ?

Thanks for the quick reply. :-)

my largest stake is around 4 coins.

[MiningMinion]

hmmm, so the StakeMaxAge is 1 day, but another value, let's call it CoinAge, is what the interest payments are based on.

ill have to dig deeper later, but at first glance, my oldest coins are currently 15 days old in a 'chunk' of about 1000 coins.  If they were to stake now, I would then expect to get about 8.2 coins.

I think the largest stake I have ever gotten is 2.5ish.

Has anyone else gotten much more than a 2.5 coin stake ?

Thanks for the quick reply. :-)

my largest stake is around 4 coins.

I believe it just depends on how big your "chunk" of coin is.  The bigger the chunk, the bigger your stake.  It's relative.

[skidog]

I have some coins that are really old should i transfer them to another wallet and send back to my staking wallet?Some are months old.