BTCD is no more

[coininvestor]

Hmm compounding, but how often...?

Spread your balances across several different addresses.  So if you have 1000 coins put 100 coins into ten different addresses and leave the wallet open and you won't be disappointed.   You'll get stake for each address about once per day. If you close your wallet for a few days when you open it you will get more for the days you missed.  It trickles in but it adds up pretty quick if you don't move the coins especially if you leave your wallet open.  If you have 1000 coins you can get one coin every 7 days or so which is better than a sharp stick in the eye,  1500 coins you can get 1 btcd every four days or so and with 2000 you will get a coin every couple of days.  That rate may change in the future.  I don't know. 

[1713989137]

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[bitkokos]

Hmm compounding, but how often...?

Spread your balances across several different addresses.  So if you have 1000 coins put 100 coins into ten different addresses and leave the wallet open and you won't be disappointed.   You'll get stake for each address about once per day. If you close your wallet for a few days when you open it you will get more for the days you missed.  It trickles in but it adds up pretty quick if you don't move the coins especially if you leave your wallet open.  If you have 1000 coins you can get one coin every 7 days or so which is better than a sharp stick in the eye,  1500 coins you can get 1 btcd every four days or so and with 2000 you will get a coin every couple of days.  That rate may change in the future.  I don't know.  

I do not understand the point of spreading.
1000 coins at 5% is 0.137 per day.
100 coins in 10 addresses at 5% is (0.0137 * 10) is 0.137 which is exactly the same thing.

[coininvestor]

Hmm compounding, but how often...?

Spread your balances across several different addresses.  So if you have 1000 coins put 100 coins into ten different addresses and leave the wallet open and you won't be disappointed.   You'll get stake for each address about once per day. If you close your wallet for a few days when you open it you will get more for the days you missed.  It trickles in but it adds up pretty quick if you don't move the coins especially if you leave your wallet open.  If you have 1000 coins you can get one coin every 7 days or so which is better than a sharp stick in the eye,  1500 coins you can get 1 btcd every four days or so and with 2000 you will get a coin every couple of days.  That rate may change in the future.  I don't know.  

I do not understand the point of spreading.
1000 coins at 5% is 0.137 per day.
100 coins in 10 addresses at 5% is (0.0137 * 10) is 0.137 which is exactly the same thing.

I have heard you get a little more if you spread and it trickles in more often.  I think it was James who recommended that so that's what I do and it seems to work pretty well, beyond that maybe someone more technical can address that.  I don't know. 

[criptix]

Hmm compounding, but how often...?

Every time you get interest.
Assume we have 1000 btcd.
1. You transfer the amount to your wallet and dont open it for 1 year. Then you open it and stake, you will get 50 btcd.
2. You transfer the amount and stake after 1 month. You will get (1000*0.05)/12 ~=4,167 btcd. Now you have a baseamount of 1004.167 btcd which you earn interest on.
So 2nd month: (1004.167*0.05)/12=4,182 and so on.
Maximizing this means staking 24/7.
Besides interest you also get txfees of the block which also stake.
And you are securing and supporting our network with it.
Happy staking

[crackfoo]

Just picked up my first couple of BTCD's.  Would like to start a local wallet and open it up for staking.  Noob question here, once I've followed the instructions to start staking do I need to leave the wallet online for it to occur or can it be taken completely offline?

You don't have to have the wallet open in order to stake as your coins accrue "coin age" regardless of whether it is open or not, as long as you do not send or receive any other BTCD to your address.  When you do next open your wallet (and unlock it for staking) your next stake amount will include everything for your coin age.  In other words, you could just open it once a week for a few hours (or until you receive a mined block) and you would receive the same stake amount as you would have done if the wallet was open the entire time.  All up you get around 5% pa from staking, and of course there is the as-yet-unknown income that BTCD holders will get from teleport, anon credit card, SuperNET, etc etc.

Good to know.  So if I decide to pick up a few more coins on Cryptsy or something I should hold them in a separate wallet for staking purposes?  Does adding new coins to a wallet that is currently staking somehow mess with the coin age?

I wouldn't use cryptsy. Lots of issues with them.

[alxx77]

Hmm compounding, but how often...?

Every time you get interest.
Assume we have 1000 btcd.
1. You transfer the amount to your wallet and dont open it for 1 year. Then you open it and stake, you will get 50 btcd.
2. You transfer the amount and stake after 1 month. You will get (1000*0.05)/12 ~=4,167 btcd. Now you have a baseamount of 1004.167 btcd which you earn interest on.
So 2nd month: (1004.167*0.05)/12=4,182 and so on.
Maximizing this means staking 24/7.
Besides interest you also get txfees of the block which also stake.
And you are securing and supporting our network with it.
Happy staking

But why then we dont't do compounding each single day...??

[bitkokos]

Just picked up my first couple of BTCD's.  Would like to start a local wallet and open it up for staking.  Noob question here, once I've followed the instructions to start staking do I need to leave the wallet online for it to occur or can it be taken completely offline?

You don't have to have the wallet open in order to stake as your coins accrue "coin age" regardless of whether it is open or not, as long as you do not send or receive any other BTCD to your address.  When you do next open your wallet (and unlock it for staking) your next stake amount will include everything for your coin age.  In other words, you could just open it once a week for a few hours (or until you receive a mined block) and you would receive the same stake amount as you would have done if the wallet was open the entire time.  All up you get around 5% pa from staking, and of course there is the as-yet-unknown income that BTCD holders will get from teleport, anon credit card, SuperNET, etc etc.

Good to know.  So if I decide to pick up a few more coins on Cryptsy or something I should hold them in a separate wallet for staking purposes?  Does adding new coins to a wallet that is currently staking somehow mess with the coin age?

I wouldn't use cryptsy. Lots of issues with them.

James has problems with cryptsy too.
He said that 2 days ago. I hope he solved the problem with them.

[coininvestor]

Ok, so now I have a question.  How do you send coins from a particular address in your wallet?  and in general how do you tell conveniently which address funds are taken from when you send them?  It seems rather cumbersome the way it is now.  I tried using the send from command but not being the most computer literate person I was unable to get that to work properly.  A simple send from button in the wallet would be more user friendly it seems.

Secondly as far as simple upgrades, I would like to see a total amount in the wallet under the transactions section for adding up the stake or received with or sent to amount without having to type it into a calculator manually.  That's a pain in the ....

I know these are not real high priority items now but sometimes simple features like that make all the difference for ease of use to the general user which should be a priority if the coin is to be mass adopted, no?  

[gitbknowsall]

figured a little teaser of @figrolls ui wouldnt hurt

[coininvestor]

With Cryptsy the secret to a successful BTCD withdrawal is to withdraw small amounts at a time.  Up to 75 BTCD I have had no problem.  300 BTCD = problem.  They probably are staking and are reluctant to let those funds go so they blame it on software malfunction or whatever.   It's kind of a big joke.

[thevampireskilledit]

Supernet PDF for your reading and comments as posted on the SuperNET thread. This involves BTCD so I think it's appropriate to post.

http://209.126.70.170/SuperNET.pdf

[nwfella]

Pretty slick looking gitbknowsall.  I like the faded code affect.  How close are you getting to launch?

[jl777]

Pretty slick looking gitbknowsall.  I like the faded code affect.  How close are you getting to launch?

those are the actual codes for M of N fragmenting and onion routing!

[CrimsonPermanentAssurance]

It seems somewhat a shame that I am going to be forced to dump my significant holdings simply because the wallet doesn't open on a Macintosh. I have been forced to leave my coins on exchanges because of this, and I am fed up about it.

I will repost my post that keeps getting buried about the Mac wallet, give it 12 hours to hopefully receive an answer, and then I am dumping if I can't resolve the issue.

I'd really rather not, but it would seem my question shouldn't be so difficult to answer, and I am through with leaving the coins on exchanges and not being able to participate in staking.

I really appreciate anyone taking the time to try and help me.

Here it is again…

Hello all,

Is there anything special I need to do to open the wallet on a Mac?

I have two macs, one with Mountain Lion and one with a fresh install of Mavericks.

I drag the wallet into both computers' application folder per the instructions of the .DMG installer, then click BTCD to open it and get nothing. No wallet program appears on either computer. Both computers just act like nothing happened at all (aside from a brief blink immediately after attempting to open the wallet).

Am I doing something wrong?

Do I need to install something else or run a terminal command of some sort to get the wallet to open, like Homebrew, Xcode or something? Do I need to manually set something additional up?

If it helps, the Mountain Lion one is completely updated and so is the Mavericks one. The Mavericks one has absolutely no programs whatsoever on it, outside of the original, fresh install of Mavericks (fully updated) and BTCD wallet downloaded from the link on Page 1 of this thread. I also tried downloading the wallet from the link on the official website, only to get the same result.

I see the below items on page 1 under the "BTCD Config Section", but I am not sure where or how I would enter this information without a wallet open. Please help a BTCD newbie out!

rpcuser=user
rpcpassword=pass
rpcport=14632
port=14631
daemon=1
gen=1
server=1
addnode=107.170.59.196
addnode=146.185.188.6
addnode=74.91.20.250:39997
addnode=54.85.50.15:50288
addnode=107.170.148.50:14631
addnode=65.129.66.246:57762
addnode=31.220.4.41
addnode=98.226.66.65
addnode=193.219.117.63
addnode=62.210.141.204
addnode=128.199.172.165
addnode=192.99.143.114
addnode=178.20.169.208
addnode=195.34.100.2:42038
addnode=5.101.107.239:60056

I am hoping I just missed a post on how to get the wallet running (and that someone can point me in the right direction). Thanks in advance for any help!

[bitkokos]

With Cryptsy the secret to a successful BTCD withdrawal is to withdraw small amounts at a time.  Up to 75 BTCD I have had no problem.  300 BTCD = problem.  They probably are staking and are reluctant to let those funds go so they blame it on software malfunction or whatever.   It's kind of a big joke.

I had a problem with 68 btcd 2 weeks ago. it was pending for a couple of days

[PondSea]

My 230 been stuck for nearly a week now . Ffs.

To the guy that wants to dump, please do so on bittrex. My btc are waiting.

[bitkokos]

CrimsonPermanentAssurance Sorry I have never used a MAC. I have no idea how to help you.
If you wait someone from the dev team, I am sure you will get an answer. We are not all in the same time zone. Some people are awake, some others might be sleeping.
As for the dump you said, you are doing good for all of us :-)
Thanks in advance if you do that.

[CrimsonPermanentAssurance]

My 230 been stuck for nearly a week now . Ffs.

To the guy that wants to dump, please do so on bittrex. My btc are waiting.

I didn't originally take this forum to be one of smart asses, rather I thought the people here were helpful to each other. It's a real bummer to be made to feel otherwise. Thanks.

[gitbknowsall]

My 230 been stuck for nearly a week now . Ffs.

To the guy that wants to dump, please do so on bittrex. My btc are waiting.

I didn't originally take this forum to be one of smart asses, rather I thought the people here were helpful to each other. It's a real bummer to be made to feel otherwise. Thanks.

I sent you a private message 30 minutes ago :p If you would still like some help I would happy to assist you.

[CrimsonPermanentAssurance]

My 230 been stuck for nearly a week now . Ffs.

To the guy that wants to dump, please do so on bittrex. My btc are waiting.

I didn't originally take this forum to be one of smart asses, rather I thought the people here were helpful to each other. It's a real bummer to be made to feel otherwise. Thanks.

I sent you a private message 30 minutes ago :p If you would still like some help I would happy to assist you.

Wow, I didn't see that. I'd love some help. Thank you!